From a chat room, training in patterns. Some of the patterns that are not obvious in geometry are reported to work well. I think they will also be harder for the HAL 20000 to calculate and game, therefore more valuable to know.
bloodwine: this is a proper gartley ---
http://screencast.com/t/Qj8uU2y9
bloodwine: the problem with a gartley or butterfly is there is not target
bloodwine: it's a trend reversal pattern... and i've had good luck with them
bloodwine: but there's no way to predict how far the new trend goes
bloodwine: my experience is (if they work) it's a strong move that can be closed on the second opposing candle
bloodwine: I.E. -- if you're short... close if you get 2 green candles
I pretty much drop Fibonacci onto every chart, can't do any harm can do alot of good
COMMENTS?!?!?!?
Is there anyone out there!!!!!
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Insightful and Useful Comment!