"Trading with Dinapoli levels"?

[FX_Sniper]

Originally Posted by Jack_Jones

Hi Sniper, would you consider this a valid pattern?

Thanks for your posts to.

Hallo there Jack

Yep, it looks good from here. Have a look at the chart I attached below, it surely has the potential to set up as a Gartley, time will tell.

Well Spotted and prepared

Good luck !

FX Sniper

[FX_Sniper]

Jack,

Just for interest sake, did you spot this one. These little buggers can hide quite well when they want to somedays

Once more, well done on the bigger one, let it rip !!!!

Good hunting !

FX Sniper

[FX_Sniper]

Hi again

This is another way to have plotted the second smaller one in my prev. post.

Cheers !

FX Sniper

PS: You might be tempted to think, "...well which one is the right one...", this is actually where the power lies in these patterns, the more Fib. plots that reference to the same entry level, the higher the chances of the trade being a winner.

[firefly]

There are some nice looking charts here.

Does anyone use Derikk Hobb's rules for entry/exit ideas?

Curious, not a criticisim, the title of this thread is Trading with DiNapoli Levels. Have not seen any references to his book. Curious.

For those who have read the book, what is your understanding of the way he trades the Railroad Track pattern?

firefly

[firehorse]

Hi FX Sniper,

Thank you for posting the charts. Any chance you could leave on/give the currency, time, and prices?

It gives me a chance to have another look at them on my on machine/package and re-plot them to see how the look on my setup. (Just gives me more practice :-)

Best regards
Alan

[trishul]

Hi FxSniper,
Following your thread with lot of interest. Thanks for the very useful info. Still new to Fib and more complicated Gartley.
Wondering if this is a valid buy setup. I am using my brokers charting which is not very sofisticated.

P.s. Forgot to mention, it is 3 hr chart

[trishul]

Similar setup on GBP

[FX_Sniper]

Hello Trishul !

I have access to a 3 hour chart, but the software is very simplistic, I have however constructed the following Gartley on the 4 hour Euro as it appears currently. The major reference points should be the same as your 3 hour chart though.

From here it looks valid, it had a good risk reward entry. I have just returned from town and missed it unfortunately , but well spotted there

Good luck !

FX Sniper