₦airaland Forum

[quote author=liaslo++]Woww, Great I'm strongly Following this...[/quote]Well done bro. For those who may still need more of what ayox2003 explained on C Point Retracement and BC Projection relationship of the AB=CD pattern, have more here

C Point Retracement BC Projection (D)
0.382 2.24 or 2.618
0.50 2.0
0.618 1.618
0.707 1.41
0.786 1.27
0.886 1.13

Logically, the longer the retracement of AB at point (or the closer it is to 100%), the shorter the projection of BC at D. I hope this is clear enough.

Regards

greenalwaz: kudos 2 u Rozay 4d initiative,nd 2 d 2 new ogas Ayo2003 & yomex grt art thou, may ur ink never dry.And to my oda oga planbfx cam kimdly bring it down 4us to catch in course it seems we newbie need a little pamper if u get me thks all d same

Alright chairman. Thanks.

EUR/USD - Bullish Gartley Pattern 29/8/2013
According to the attached chart, the reversal zone is at 3268/59 region. If you have been following our analysis, you will discover that we sighted this opportunity on Monday and tagged it as ‘’Emerging Gartley Pattern on EUR/USD 26/08/2013’’ on our blog. We called for a short position to target the D region. And this has yielded about 150pips. Now, the Gartley pattern has finally completed it’s formation at 3268/59 region. All we need now is to wait patiently for a reversal PA pattern to ride EU back up.
Warning – Absence of a bullish PA pattern at the region will invalidate this signal and this will mean the CD leg might want to extend a bit but not to the extent of taking out point X. Happy trading.

EUR/USD - Bullish Gartley Pattern 29/8/2013
According to the attached chart, the reversal zone is at 3268/59 region. If you have been following our analysis, you will discover that we sighted this opportunity on Monday and tagged it as ‘’Emerging Gartley Pattern on EUR/USD 26/08/2013’’ on our blog. We called for a short position to target the D region. And this has yielded about 150pips. Now, the Gartley pattern has finally completed it’s formation at 3268/59 region. All we need now is to wait patiently for a reversal PA pattern to ride EU back up.
Warning – Absence of a bullish PA pattern at the region will invalidate this signal and this will mean the CD leg might want to extend a bit but not to the extent of taking out point X. Happy trading.

Bearish Divergence Plus Extended AB=CD Pattern on Gold
There is now a formation of a bearish divergence on Gold on both he 1hr and 4hr TFs. This is in alignment wiht our yesterday's AB=CD pattern. Though, the AB=CD pattern has been extended. 1438 is the next fibo level for the extended CD leg. The essence of this is to guide you, confirm your entry with your own personal entry signal.

Bearish Divergence Plus Extended AB=CD Pattern on Gold
There is now a formation of a bearish divergence on Gold on both he 1hr and 4hr TFs. This is in alignment wiht our yesterday's AB=CD pattern. Though, the AB=CD pattern has been extended. 1438 is the next fibo level for the extended CD leg. The essence of this is to guide you, confirm your entry with your own personal entry signal.

Bearish Gartley Pattern on USD/CAD Daily

Bearish Gartley Pattern on USD/CAD Daily

AB=CD Pattern Trade Opportunity

AB=CD Pattern Trade Opportunity

USD/CHF Trade Opportunity – 27/08/2013

This chart shows an emerging Gartley pattern on USD/CHF. Point D is the potential reversal zone as it shows convergence of potential resistances as labeled in the attached chart. Observe price action at the D region for short opportunity. A break of point C before reaching point D invalidates this signal. Price region D is the region to short USD/HF. Confirm this with your own entry signal.
PS – Our yesterday EUR/USD trading plan is still playing out our bias as analyzed. That means some green pips are already made while the trade is still very much alive.

USD/CHF Trade Opportunity – 27/08/2013

This chart shows an emerging Gartley pattern on USD/CHF. Point D is the potential reversal zone as it shows convergence of potential resistances as labeled in the attached chart. Observe price action at the D region for short opportunity. A break of point C before reaching point D invalidates this signal. Price region D is the region to short USD/HF. Confirm this with your own entry signal.
PS – Our yesterday EUR/USD trading plan is still playing out our bias as analyzed. That means some green pips are already made while the trade is still very much alive.

Emerging Gartley Pattern on EUR/USD 26/08/2013
There is an emerging Gartley pattern forming on EU which is expected to complete at point D as shown in the attached chart. The only this that will invalidate this pattern is the break of 3408 at point C. Even if there is a pull back at any point in time and 3408 is not broken, those who missed the entry at C could enter with a tight SL above point C.

NOTE – Trading CD is not the actual Gartley signal but to buy right at point D. But there is nothing bad in following the market as patterns emerge if you are observant enough to sight them early enough.

Emerging Gartley Pattern on EUR/USD 26/08/2013
There is an emerging Gartley pattern forming on EU which is expected to complete at point D as shown in the attached chart. The only this that will invalidate this pattern is the break of 3408 at point C. Even if there is a pull back at any point in time and 3408 is not broken, those who missed the entry at C could enter with a tight SL above point C.

NOTE – Trading CD is not the actual Gartley signal but to buy right at point D. But there is nothing bad in following the market as patterns emerge if you are observant enough to sight them early enough.

EUR/USD – INTRADAY TRADING PLAN 23/08/2013
The fact is that the bears are not yet done with EU. A point of concern for the bears is just that the daily candle yesterday closed bullish. Bu while EU continues to make HH for about 6weeks now, application of MACD shows a divergence to the down side which might indicate weakness in the recent bullish trend. The only way out for the bulls for now is to get a good volume out of fundamental news either from the Euro zone or USD.
Bear Plan – Sell rallies around resistance with your entry strategy. Intraday resistance levels today are 3372 and 3400. A good support to target as your TP is 3314 and 3300. If 3300 is broken, follow it up with a trailing stop and if your broker doesn’t support that, take your SL to BE. Also take note of the TL in the attached chart, it has the tendency to delay EU on its way down. Manage your trade appropriately.
Bull Plan – Demand zone still lies above 3400. But a good entry signal around support or at the break of a resistance will be cool.

EUR/USD – INTRADAY TRADING PLAN 23/08/2013
The fact is that the bears are not yet done with EU. A point of concern for the bears is just that the daily candle yesterday closed bullish. Bu while EU continues to make HH for about 6weeks now, application of MACD shows a divergence to the down side which might indicate weakness in the recent bullish trend. The only way out for the bulls for now is to get a good volume out of fundamental news either from the Euro zone or USD.
Bear Plan – Sell rallies around resistance with your entry strategy. Intraday resistance levels today are 3372 and 3400. A good support to target as your TP is 3314 and 3300. If 3300 is broken, follow it up with a trailing stop and if your broker doesn’t support that, take your SL to BE. Also take note of the TL in the attached chart, it has the tendency to delay EU on its way down. Manage your trade appropriately.
Bull Plan – Demand zone still lies above 3400. But a good entry signal around support or at the break of a resistance will be cool.

EUR/USD – INTRADAY TRADING PLAN 23/08/2013
The fact is that the bears are not yet done with EU. A point of concern for the bears is just that the daily candle yesterday closed bullish. Bu while EU continues to make HH for about 6weeks now, application of MACD shows a divergence to the down side which might indicate weakness in the recent bullish trend. The only way out for the bulls for now is to get a good volume out of fundamental news either from the Euro zone or USD.
Bear Plan – Sell rallies around resistance with your entry strategy. Intraday resistance levels today are 3372 and 3400. A good support to target as your TP is 3314 and 3300. If 3300 is broken, follow it up with a trailing stop and if your broker doesn’t support that, take your SL to BE. Also take note of the TL in the attached chart, it has the tendency to delay EU on its way down. Manage your trade appropriately.
Bull Plan – Demand zone still lies above 3400. But a good entry signal around support or at the break of a resistance will be cool.

GBP/USD – Over 400pips trade in an 100pips move

GBP/USD – Over 400pips trade in an 100pips move

GBP/USD Trading Plan – 21/08/2013
GU is currently playing around the 5700 psychological pivot which was also the cap for yesterday’s move. For about 3 hrs, GU has tried to break this level with no success. If 5700 is broken (with volume) it’s a free ride for the bulls between 5700 and 5750. 5700 was touched last in June 17th this year. As it is, any sell signal below 5700 will target today’s low around 5650 and a break of 5650 will expose 5616. The Bears should also mind the thick red TL around today’s low at 5650 on their ways down.
Live Update – www.forexplanb.com

EUR/USD Trading Plan – 21/08/2013
EU broke out of the symmetrical triangle we shown on our chart yesterday and actually touched 3400 and even broke it as we analyzed. Though, currently, EU is back under 3400 which is still considered a supply zone. Application of MACD indicator is also showing a divergence.
Bull Plan – EU has the 3400/3413 resistance to take care of before the bulls can take over and target 3450. A break of 3450 will expose 3500.
Bear Plan – Any bear entry signal around or below 3413/3400 price level is a good signal with SL around 3500 to target 3380 and 3360.
News – Watch out for ‘Existing Home Sales’ from the US.

EUR/USD Trading Plan – 21/08/2013
EU broke out of the symmetrical triangle we shown on our chart yesterday and actually touched 3400 and even broke it as we analyzed. Though, currently, EU is back under 3400 which is still considered a supply zone. Application of MACD indicator is also showing a divergence.
Bull Plan – EU has the 3400/3413 resistance to take care of before the bulls can take over and target 3450. A break of 3450 will expose 3500.
Bear Plan – Any bear entry signal around or below 3413/3400 price level is a good signal with SL around 3500 to target 3380 and 3360.
News – Watch out for ‘Existing Home Sales’ from the US.

GBP/USD Trading Plan – 21/08/2013
GU is currently playing around the 5700 psychological pivot which was also the cap for yesterday’s move. For about 3 hrs, GU has tried to break this level with no success. If 5700 is broken (with volume) it’s a free ride for the bulls between 5700 and 5750. 5700 was touched last in June 17th this year. As it is, any sell signal below 5700 will target today’s low around 5650 and a break of 5650 will expose 5616. The Bears should also mind the thick red TL around today’s low at 5650 on their ways down.
Live Update – www.forexplanb.com