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Old 29-03-2009, 06:17 PM
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shiree shiree is offline
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green Gartley Patterns

All are invited to post Gartley/Butterfly patterns in this thread .
IMO GARTLEYs in Daily have more than 60% success rate .
However, if it fails to pursue the predicted direction , what I observed, it violently goes in the opposite direction (Failure).
So if a trader follows the BO strategy one can catch move in either direction.
In short after Formation of Gartley there is enough energy embeded in the price to BO in either direction.
Talking of energy will it be wise to buy a Strangle at the BO . seems nice idea , requires testing.
Good Luck

Last edited by shiree; 31-03-2009 at 04:28 PM.
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