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Trading Gartleys
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Total Votes : 50

Author Trading Gartleys
chiragbvyas
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Joined: 18 Feb 2010
Posts: 469

Post: #31   PostPosted: Sun Feb 13, 2011 11:38 am    Post subject: what are the levels ? Reply with quote

shekharinvest wrote:
Here is one more attempt on Gartleys.

The following was observed a few days back hence chart is an old one.

Nifty weekly chart.

X= 4786
A= 6339

B= 5690
C=6181

D = ??? (MAX 78.6% OF X-A = 1220 NS LEVEL 5119)

X-A = 1553

A-B = 649 (MIN 38.2% X-A = 593) DONE 649 ABOUT 41%

C -D = ??

Although AB is not equal to CD in this case


So long as 5119 holds. Target should be 6700 approx.


SHEKHAR
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ashis
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Joined: 28 Mar 2010
Posts: 75

Post: #32   PostPosted: Mon Feb 14, 2011 9:40 am    Post subject: Reply with quote

Dear sir,

On 21st Jan, 2011 we calculated X=5349
and on 13th Feb we calculated X=4786.

So can you update us that how can we decide about this perfact X-Value?

Regards
Ashis

shekharinvest wrote:
Here is one more attempt on Gartleys.

The following was observed a few days back hence chart is an old one.

Nifty weekly chart.

X= 4786
A= 6339

B= 5690
C=6181

D = ??? (MAX 78.6% OF X-A = 1220 NS LEVEL 5119)

X-A = 1553

A-B = 649 (MIN 38.2% X-A = 593) DONE 649 ABOUT 41%

C -D = ??

Although AB is not equal to CD in this case


So long as 5119 holds. Target should be 6700 approx.


SHEKHAR
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shekharinvest
Yellow Belt
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Joined: 21 Dec 2007
Posts: 549

Post: #33   PostPosted: Mon Feb 14, 2011 12:34 pm    Post subject: Reply with quote

ashis wrote:
Dear sir,

On 21st Jan, 2011 we calculated X=5349
and on 13th Feb we calculated X=4786.

So can you update us that how can we decide about this perfact X-Value?

Regards
Ashis



Ashis

X is not some calculated value. It is a presumed starting point of the Pattern, based on the visibility of the pattern to the naked eye.

All calculation are based on the presumption that gartley pattern started at 4786.

Your guess could be as good as mine.

SHEKHAR
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shekharinvest
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Joined: 21 Dec 2007
Posts: 549

Post: #34   PostPosted: Mon Feb 14, 2011 1:22 pm    Post subject: Reply with quote

Posted below is a chart with some interesting observations.

Credit goes to forum member Fire at some other blog.

SHEKHAR



gartley patterns 1a.PNG
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gartley patterns 1a.PNG


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vinst
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Joined: 09 Jan 2007
Posts: 3303

Post: #35   PostPosted: Tue Feb 15, 2011 9:10 am    Post subject: Reply with quote

shekharinvest wrote:
Posted below is a chart with some interesting observations.

Credit goes to forum member Fire at some other blog.

SHEKHAR


Shekhar,
thanks a lot for posting this. Is the time frame 4 hr bars? It didin't look like daily.

regards
vin
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shekharinvest
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Joined: 21 Dec 2007
Posts: 549

Post: #36   PostPosted: Tue Feb 15, 2011 12:25 pm    Post subject: Reply with quote

vinst wrote:
shekharinvest wrote:
Posted below is a chart with some interesting observations.

Credit goes to forum member Fire at some other blog.

SHEKHAR


Shekhar,
thanks a lot for posting this. Is the time frame 4 hr bars? It didin't look like daily.

regards
vin


Vinst

This is indeed an intra chart. I thought it to be hrly chart, since have no access to intra charts could not confirm it.

Shall revert if I get to know from Fire.

SHEKHAR
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vinst
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Post: #37   PostPosted: Tue Feb 15, 2011 12:37 pm    Post subject: Reply with quote

shekharinvest wrote:
vinst wrote:
shekharinvest wrote:
Posted below is a chart with some interesting observations.

Credit goes to forum member Fire at some other blog.

SHEKHAR


Shekhar,
thanks a lot for posting this. Is the time frame 4 hr bars? It didin't look like daily.

regards
vin


Vinst

This is indeed an intra chart. I thought it to be hrly chart, since have no access to intra charts could not confirm it.

Shall revert if I get to know from Fire.

SHEKHAR


the time axis showed a time span of more than 2 months, 1 hr chart wud have been very crowded. that's why i thought 4 hr may be.

regards
vin
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shekharinvest
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Joined: 21 Dec 2007
Posts: 549

Post: #38   PostPosted: Tue Feb 15, 2011 12:51 pm    Post subject: Reply with quote

vinst wrote:
shekharinvest wrote:
vinst wrote:
shekharinvest wrote:
Posted below is a chart with some interesting observations.

Credit goes to forum member Fire at some other blog.

SHEKHAR


Shekhar,
thanks a lot for posting this. Is the time frame 4 hr bars? It didin't look like daily.

regards
vin


Vinst



This is indeed an intra chart. I thought it to be hrly chart, since have no access to intra charts could not confirm it.

Shall revert if I get to know from Fire.

SHEKHAR


the time axis showed a time span of more than 2 months, 1 hr chart wud have been very crowded. that's why i thought 4 hr may be.

regards
vin



Thanks Vinst to pointing out the timeline underneath the charts. I was such a dud ! missed them absolutely.

SHEKHAR
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ashis
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Joined: 28 Mar 2010
Posts: 75

Post: #39   PostPosted: Sun Feb 20, 2011 10:15 pm    Post subject: Reply with quote

Sorry chart is not attached but available on 14th February, Blog.

Dear sirji,
Post is great.
I would like to know one thing in this chart that as per Gartly theory we can decide X,A,B,C,D but after D-Value achieved then what will be the level where market will come?
Same things are there after achieving D1 & D2 in this chart.
What is the technique to decide another bottom as per Gartly?
Awaiting for your valuable comment.

Regards
Ashis

shekharinvest wrote:
Posted below is a chart with some interesting observations.

Credit goes to forum member Fire at some other blog.

SHEKHAR
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shekharinvest
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Joined: 21 Dec 2007
Posts: 549

Post: #40   PostPosted: Mon Feb 21, 2011 8:23 am    Post subject: Reply with quote

ashis wrote:
Sorry chart is not attached but available on 14th February, Blog.

Dear sirji,
Post is great.
I would like to know one thing in this chart that as per Gartly theory we can decide X,A,B,C,D but after D-Value achieved then what will be the level where market will come?
Same things are there after achieving D1 & D2 in this chart.
What is the technique to decide another bottom as per Gartly?
Awaiting for your valuable comment.

Regards
Ashis

shekharinvest wrote:
Posted below is a chart with some interesting observations.

Credit goes to forum member Fire at some other blog.

SHEKHAR


Ashis

Gartley pattern is not used for identifying the tops / bottoms of the given move. Infact it is a continuation pattern.

It offers us an opportunity to target a price objective equal to the length of Leg XA once it establishes point D.

SHEKHAR
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pattiboy02
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Joined: 16 Mar 2009
Posts: 220

Post: #41   PostPosted: Fri Feb 25, 2011 9:40 am    Post subject: Reply with quote

Dear Shekhar
Isn't bearish gartley forming in nifty EOD, if today's revesal continues.
I'm little bit new in drawing perfect trendlines.
Kindly give an opinon on same.
Thanks

Pattiboy
alien


shekharinvest wrote:
Posted below is a chart with some interesting observations.

Credit goes to forum member Fire at some other blog.

SHEKHAR



Nifty 25.02.2011.JPG
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Nifty 25.02.2011.JPG


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rohit44
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Posts: 279

Post: #42   PostPosted: Fri Feb 25, 2011 10:45 am    Post subject: Reply with quote

As the gartley is under process....we may see 5550 first then a fall??? fall upto??...please advise.....Rgds....
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acharyams
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Joined: 04 Jul 2010
Posts: 552

Post: #43   PostPosted: Sun Feb 27, 2011 8:40 pm    Post subject: Re: what are the levels ? Reply with quote

So long as 5119 holds. Target should be 6700 approx.


SHEKHAR[/quote][/quote]
SIR,
5119 STILL HOLDING. ARE WE ON THE WAY TO 6700?
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bassan
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Joined: 01 Dec 2009
Posts: 57

Post: #44   PostPosted: Mon Feb 28, 2011 2:01 am    Post subject: Reply with quote

HI Shekar
In the attached chart
X=5802,A=5178,B=5599,C=5233
X-A=624
B-A=421
B-C=366
B=0.618%ofX-A=386. 5178+386=5564(Almost reached)
C=0.786%OfB-C=331. 5599-331=5268(Almost reached)
D=1.27%OfB-C=366. 5233+465=5698.
If market retrace from here then 5700 is the next tgt.
Pls offer your valuable views.



NiftyEOD.png
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NiftyEOD.png


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shekharinvest
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Post: #45   PostPosted: Sat Apr 02, 2011 5:27 pm    Post subject: Reply with quote

Hi,

As the people watch World Cup final - here is a Gartley Pattern on the Charts. Instead of watching the googlies ! googling the web ! Mr. Green

Posted below is a bearish gartley on ICICIBANK EOD charts.

X = 1158
A = 939
B = 1073
C = 944
D= 1128


X-A = 219
B-A = 134 61% OF XA
B-C = 129
D-C = 184 1.38*BC (i.e. greater than 1.272 times)


Although this is not a perfect gartley because of the following 2 reasons.
C is a bit greater than 0.786% of XA and AB is not equal to CD.

If somehow C had happened to stop at 0.786 of XA then we had almost AB=CD from where the price has reversed yesterday. (isn't it too early to assume !) 24

Still it is worth taking the risk Keep SL above 1158 logical SL. If one wishes to keep a small SL it can be placed at 1130.


SHEKHAR



gartley icicibank.PNG
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gartley icicibank.PNG


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