EURUSD Update - Gartley Pattern

Hi there. As i told you before, we are now working with a new software that automatically detects some kind of patterns. On todays example, and because the pattern shows up today, we will show you the Gartley pattern, maybe one of the most powerful patterns of harmonic trading. I'm sure most of you don't even know what is a Gartley (i didn't know it last week too), but if you google it i'm sure you clear all your doubts ;). Harmonic trading basis is establish a series of relations, Fibonacci numbers based, between price AND time, and draw a 2 dimensions pattern that can be used to identify the end of movement. Of course, no pattern can guarantee new highs or new lows. The most usual to get with these is a Fibonacci retracement 38,2%; 50% 61,8%, etc... A little confuse at the beginning but the screen shot speaks for it self.

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SPX daily update

Today was a strange day. NDX made new highs and DAX invalidate my count. On other hand SPX had a choppy session and it is difficult to label this pattern. Short time seem's that is missing one last wave to the downside. However, the odds suggest new highs will be made very soon.

P.S. Anyone having problems to add comments? I can't reply to none of you (Disqus problem ). Thanks to Creepy, Moguita, Jorge and Carlos for your analysis.

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SPX intraday update (Part 3)

Boring and choppy session. Still have doudts if wave iv already finished. Latter i will show my charts.

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SPX intraday update (Part 2)

Seems is missing one last wave to the downside.

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SPX intraday update (Part 1)

No to much secure with this count cause DAX already intercept wave i with iv.

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GBPUSD Update

Yes, that´s right! Never thought to make it but i did... I've started to study this pair too. Many thanks to Carlos (http://followmarketrend.blogspot.com//) that make me develop a big interest on it!

Best to your trading.
PH

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What about the Nasdaq?

Some thoughts about the Nasdaq.

Best to your trading
PH

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DAX daily update

Wave iv still underway and very close to finished. So next week SPX will have new highs. Good weekend for all of you :)!

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DOW daily update

Hello there.
Today i leave a Dow update and all the shots were taken using my new software. The name is Metatrader 4, and in my opinion, with the right combination of indicators, can really give traders a good hedge. Just google it and give it a try. Before that you never want to hear about that Saxo platform again. Because it was created forex based, I recommend GCI metatrader, as GCI is a broker with all that indexes that we want: SPX, NDX, DAX, Gold, etc.
On the next updates i will talk a little about harmonic trading since it was the primary reason for this change.

Enjoy and best to your trading
PH

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