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Hi Chas:
It is a demonstration that harmonics patterns occur quite often on various
markets, especially the Gold market. Yes, I did short the gold all the way
down yesterday; and traded for a swing up when I spotted the Gartley
Harmonics. Although, on other higher intraday timeframes; Short setups are
still in favor. At this juncture, the depicted Gartley Harmonics has given
me a +US3.00- profit (I close the longs already; as I'm still in favor of
the short setups on other higher intraday timeframes); and the 'swing up'
from Gartley pattern could very well be the Wave C of an A-B-C corrective.
Over all, the market is still on a sell mode. Hope I clear things up a bit.
Take care.
Have a good one
Jeff Harteam
-----Original Message-----
From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On
Behalf Of Charles Meyer
Sent: Friday, April 25, 2008 5:13 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] Re: Spot Gold
Jeff-
Is this for a trade? I'm not quite sure I understand the
consequences of
your charts. Uhh...I think you're saying that it was a
buy today for a
trade tomorrow; or for a swing up?
Best regards,
Chas
----
On Fri, 25 Apr 2008 06:25:04 +0800
"Jeffrey Harteam" <jharteam@xxxxxxxxxxxxxx> wrote:
> Greetings Traders:
>
> I hope everyone has benefited from last night's heavy
>intraday sell off of
> the Gold market. Gold has also formed a Gartley 222
>Harmonic pattern in the
> late trading hours; For now, intraday bottoming of the
>Gold market is in
> place. Please find attached JPGS for the said Harmonic
>Pattern in the 1-min
> and 5-min timeframes. Take care.
>
> Have a good one
> Jeff Harteam
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