Bearish Butterfly Pattern - Example

This is an example of a Bearish Butterfly Pattern.  I have placed the information on the chart for the XABCD points so you can perform your own calculations.  I always print my charts and do much of the analysis by hand. See My Trading Toolbox to see how I trade.  I do use the computer to draw Fibonacci Retracement Levels and Extensions.  However, when you are first beginning to trade, it is better for you to do the hand calculations.  You will thank me later. : )

Happy Trading!

Bearish Butterfly - Example

Bullish Gartley on 4-hr. USD/JPY chart

A Bullish Gartley pattern has formed on the 4-hr., USD/JPY chart.  Very good symmetry.  See chart for details.  Recommended Stop-loss placement illustrated on chart #2.  Happy Trading!

"One only gets to the top rung of the ladder by steadily climbing up one at a time, and suddenly all sorts of powers, all sorts of abilities, which you thought never belonged to you ---- suddenly become within your own possibility..."

---- Margaret Thatcher (British Prime Minister, 1979 - 1990)

USD/JPY - Bullish Gartley, 4-hr.

Stop-loss Placement for USD/JPY Long

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(From "The Stoic Art of Living", by Tom Morris, Ph.D.

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