Quote:
Originally Posted by Foreverold
Here is where you are going wrong.
You are letting the indicator (I will guess it is zup) tell you you have a gartley,or some other pattern.
The Zup works off the zig zag indicator.
I am not saying do not use the zig zag, bucause It is one of my favorite indicators. But first you need to read some books on harmonic patterns, learn to reconize them without an indicator (zup)
Try adding another indicator to your charts like the MACD, or my favorite RSI
to confirm the pattern
The RSI will confirm the pattern by makinga "M" pattern for a sell or a "W" pattern for a buy and will work on any time frame. Spotting the "M" or "W" on RSI is money in the bank if you can confirm it is a Gartley
Bottom line read some books
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WOW. Excellent Information . Thanks
Guyver.