Reversal Patterns

Usually I post trades prior to trading. For some reason I didnt post this one. DOnt know about the rest of you, but I certainly like trading butterfly patterns along with the gartlies.

 

Interesting thread. There are very few techniques as precise as this for reverals.

Would anyone remember that Derrick Hobbs started a thread on the same subject here on ET and what the title of that was?

 

just search for him , no sweat http://www.elitetrader.com/vb/showthread.php?s=&threadid=19706

 

Thanks,

i will look up this hobbs guy. I hope your all in some gold, the run has started. Eruo, also! projected 1.38...............

 

I believe the diamonds are having a small pull back because of the resistance shown. If in fact it breaks we could see $130.00 give or take a few dollars.

 

The gold and silver index may take a small pull back around 101.00, however i would not trade in and out of this.

 

Tradingmarkets has a sale on their Hobbs book for $15. (today is the last day)

 

SO Hobbs went from a journal on elite to writing a book?

 

No, he was there already for a while before he joined ET.

 

Over the last 2yrs I have noticed in the Drug index the Gartleyt and Butterfly Patterns work extreamly Well. Here is a Bearish Gartley Also notice it has a double top.