Originally Posted by Esbee

IDK,

If B retraces 61.8% of XA, I look for a Gartley and only Gartley (and consider it as failed, if price breaks the PRZ.

If B retraces 78.6% of XA, I look for a butterfly only.

In your butterfly example, B retraces 61.8% and therefore is NOT a perfect pattern. Personally, I do not trade those (another reason, why I do not trade EUR short is shown below). Maybe some do, I don't know, would be interesting to see their winning rate on those "unperfect" patterns.

Here is the reason, why I would not go short EUR at the moment (might be wrong, of course):

A bullish bat combined with a bullish butterfly on USDCHF

Originally Posted by ShadowWz

Hi,
in my opinion both signal confirm one at onother.(USDCHF long,EURUSD short)
Cheers.

Originally Posted by Esbee

IDK,

If B retraces 61.8% of XA, I look for a Gartley and only Gartley (and consider it as failed, if price breaks the PRZ.

If B retraces 78.6% of XA, I look for a butterfly only.

In your butterfly example, B retraces 61.8% and therefore is NOT a perfect pattern. Personally, I do not trade those (another reason, why I do not trade EUR short is shown below). Maybe some do, I don't know, would be interesting to see their winning rate on those "unperfect" patterns.

Here is the reason, why I would not go short EUR at the moment (might be wrong, of course):

A bullish bat combined with a bullish butterfly on USDCHF

Originally Posted by elihayun

My indicator find out the same points, but my calculation are different. see attachment. Are u guys change the calculation if it is close enough to the harmonic number? and if so, how u define "close enough"?

I added the indicator itself to answer another question in the forum.

Originally Posted by IDK

i like your indicator...your calculations are exact...i've been rounding my measurements...no real system to determine how close is close enough...do you only trade when you have exact ratios...

Originally Posted by IDK

thanks...one of the reasons why i thought this might be a butterfly was in a table put up by Kamyar...it appears that a butterfly can have B retrace 61.8% even 88.6% as well as 78.6%...i've attached the chart...i agree with ShadowWz...same direction...

Originally Posted by Esbee

IDK, I do not say that a leg B in a butterfly cannot retrace 61.8% of XA. But, my problem was to find a filter to try to find a way to know in advance wether we will have a Gartley or a butterfly. It appears that the B retracement rule is reliable and that most of the time it is better to wait for a butterfly on a 78.6% and a gartley on a 61.8%. Of course, I miss many valid trades too, but it increases my winning ratio. Win% is the most important to me (with r/r, of course) as I am primarily a defensive trader.

Originally Posted by kamyar

hi esbee
u do definietly right.i agree with u.by respecting the harmonic tarding rules we may miss some trades but as u said with the filter(retracment of B)we can avoid many losses.