"Trading with Dinapoli levels"?

[Tekunda]

FXsniper, I have been aware of the Gartely, Butterfly, Crab patterns etc. for quite a while now, but I always found it rather time consuming to scan the charts for these patterns, although I am sure that after a while of practice it will get easier.
Anyway, have you heard of the H a r m o n i c t r a d e r . com website and Harmonic analyser software? I wonder if this software would be make spotting these patterns a breeze? What is your take, since you seem to be one of the traders here who is very knowledgeable when it comes to those patterns.

[priest]

Hello FX. I've been reading this thread and the book you've mentioned. Interesting stuffs. I have one quick question for now(more later): How do you use the Fib Expansion? Thanks

[FX_Sniper]

Hello Tekunda,

You have touched an important point yes. In the beginning I gave up on these patterns quite a few times to be honest for this very reason.

As you also correctly state, it does become a LOT easier after practice. I did however also look for a software solution to this problem and found the ENSIGN software package had a Pesevento "tool" that did the job with absolute amazing results. The only trouble is the data feed, so I only demo'd it for a while.

This other place you have mentioned, it does sound familliar, but I am gonna check it out again just to be sure and get back to you ASAP.

Cheers

FX Sniper

[Annie]

Originally Posted by FX_Sniper

Hi there folks,

Just spotted this one setting up hopefully. Time will tell though

Happy hunting !

FX Sniper

FX Sniper,

I downloaded Gartley Patten Tutorial from longorshort.com but there is one thing I don't understand. In that tutorial the 1.272 and 1.618 target are calculated by leg BC. On your chart, I see you use leg AB to calculate the possible low range. Is there any difference?

Appreciate your reply.

[q827]

I'm offtopic, but i just wanted to say welcome to the board, Annie

[Annie]

Originally Posted by q827

I'm offtopic, but i just wanted to say welcome to the board, Annie

q827,

Thank you for your warm welcome!

Have a good day!

Annie

[JohnnyB]

hi sniper,
just another shot of a fib sequence on the euraud 4h i'm interested if you would classify as a gartley. it meets the AB=CD condition (thanks to your hint on how to customize the fib-expansion tool ) and D is 50fib of AX, but C is at no significant fib level. on his way down price met all targets and dived also exactly in the 127 pool.
(perhaps to mention here that there is a significant congestion around D which would have made it difficult to enter at a reasonable point).

[FX_Sniper]

Good Day Annie,

Thank you for your question, could I ask you to please post a sample chart indicating the difference in calculations that you have found. I have an idea of what you are referring to, but would like to confirm this first before a blast away with a explanation

As Q827 already said, welcome on board

FX Sniper