tag:blogger.com,1999:blog-6135767210188526078.post1007549336797887796..comments2023-07-28T11:28:55.153-04:00Comments on pebblewriter: When You're a Hammer...pebblewriterhttp://www.blogger.com/profile/11324367600914701000noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6135767210188526078.post-46949235669540833772011-05-20T10:59:30.746-04:002011-05-20T10:59:30.746-04:00Oh, and yes. Your target of 1384 sounds about rig...Oh, and yes. Your target of 1384 sounds about right. As we're discovering today, it's rarely a straight line!<br /><br />I'll post more later about another, larger Gartley I'm following that should subsume the bullish prediction currently in place.pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-82414164684685267392011-05-20T10:57:50.425-04:002011-05-20T10:57:50.425-04:00It varies a lot. The target I've been using i...It varies a lot. The target I've been using is to add the quantity XA to the finishing D point (or subtract it, as the case may be.) It worked really well on the VIX, which came within .40 of it's 15.10 target. The thing you have to watch out for is the trend. I think traders who use the Gartley and other harmonics are quick to jump out once they're about 2/3 of the way to their target if they sense a change in market direction - such as today. Can't blame someone, as that's a pretty good return for a few days' work.pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-34808336409603689202011-05-20T01:09:50.114-04:002011-05-20T01:09:50.114-04:00Also of interest
D hit 1.38 retracement
E (if 5/19...Also of interest<br />D hit 1.38 retracement<br />E (if 5/19 high is the high) is .75 retracement<br />Maybe I should program these levels in my algo<br /><br />I had posted this question on Dan's page and am asking here again, In your experience does the actual price hit the exact fib value or coming close is good enough? Thanks!Vikram Pattabiramanhttps://www.blogger.com/profile/15379449039036800071noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-58106038239401963112011-05-20T01:04:33.231-04:002011-05-20T01:04:33.231-04:00Hi Pebblewriter,
Thanks for your feedback on dan&...Hi Pebblewriter,<br /><br />Thanks for your feedback on dan's page earlier...Based on the Bullish Gartley you had mentioned, I used my algo to compute the values of E using the same X,A,B,C,D reference points you had used and I got the following<br /><br />IDEAL TARGET E wave 0.618 retrace..I have listed them based on fib retracements. Very similar to what I got the D target in the bearish Gartley...Interesting<br /><br />0.38 1334.1453<br />0.5 1338.9750<br />0.62 1343.8047<br />0.79 1350.6810<br />1.27 1370.4911<br />1.62 1384.7347 Thanks!!Vikram Pattabiramanhttps://www.blogger.com/profile/15379449039036800071noreply@blogger.com