Traders' Library Blog

DOM Bearish Gartley Pattern

A Bearish Gartley Pattern recently completed on Dominos Pizza & IRL Plc (DOM on LSE.) The trade setup was identified in the March 26, 2012 issue of The Geometric Trader - Global Equities Report. The report stated that the setup was complete and to sell on a stop one tick below the low of the high bar.

The next day the order was filled and then DOM quickly moved to hit our first two profit targets.

As seen above, the trade worked. Our favorite method of managing a trade like this is with the Single In/Scale Out method of money management as described in the book The Gartley Trading Method: New Techniques to Profit From the Market's Most Powerful Formation. To learn about this effective trade management technique, click here to watch an instructional video. To identify Gartley Patterns before they complete, check out The Geometric Trader - Global Equities Report at www.geometrictrading.com

 

 

FNV Bearish Gartley Pattern

A Bearish Gartley Pattern recently completed on Franco-Nevada Corporation (FNV on TSX.) The trade setup was identified in the January 30, 2012 issue of The Geometric Trader - Global Equities Report. The report stated that the setup was complete at $46.44 and to sell on a stop one tick below the low of the high bar.  

Three days later a high was made at $46.50, just 6 cents past the forecasted high! The next day the order was filled and then FNV quickly moved to hit our first two profit targets.

As seen above, the trade worked. Our favorite method of managing a trade like this is with the Single In/Scale Out method of money management as described in the book The Gartley Trading Method: New Techniques to Profit From the Market's Most Powerful Formation. To learn about this effective trade management technique, click here to watch an instructional video. To identify Gartley Patterns before they complete, check out The Geometric Trader - Global Equities Report at www.geometrictrading.com

PDL Bullish Gartley Pattern

A Bullish Gartley Pattern recently completed on NA Palladium (PDL on TSX.) The trade setup was identified in the January 2, 2012 issue of The Geometric Trader - Global Equities Report. The report stated that the setup was complete and to buy on a stop one tick above the high of the recent high bar. 

The next day the order was filled and then PDL quickly moved to hit our first two profit targets.

As seen above, the trade worked. Our favorite method of managing a trade like this is with the Single In/Scale Out method of money management as described in the book The Gartley Trading Method: New Techniques to Profit From the Market's Most Powerful Formation. To learn about this effective trade management technique, click here to watch an instructional video. To identify Gartley Patterns before they complete, check out The Geometric Trader - Global Equities Report at www.geometrictrading.com

 

 

 

Archidply Industries Bullish Gartley Pattern

A Bullish Gartley Pattern recently completed on Archidply Industries (ARCHIDPLY on NSE.) The trade setup was identified in the November 28, 2011 issue of The Geometric Trader - Global Equities Report. The report stated that the setup was complete and to buy on a stop one tick above the high of the recent low bar.  

2 days later orders were filled as the market rallied above the high of the low bar. 

As seen above, the trade worked. Our favorite method of managing a trade like this is with the Single In/Scale Out method of money management as described in the book The Gartley Trading Method: New Techniques to Profit From the Market's Most Powerful Formation. To learn about this effective trade management technique, click here to watch an instructional video. To identify Gartley Patterns before they complete, check out The Geometric Trader - Global Equities Report at www.geometrictrading.com

CAB Bearish Gartley Pattern

A Bearish Gartley Pattern recently completed on Cabcharge Australia Ltd. (CAB on ASX.) The trade setup was identified in the November 14, 2011 issue of The Geometric Trader - Global Equities Report. The report stated that the setup was complete and to sell on a stop one tick below the low of the recent high bar.  

A new high was made 2 days later and an order was placed to sell on a stop one tick below the low of the high bar. Our order was filled 2 days later at 4.51. The stop was placed one tick beyond the recent high at 4.71

As seen above, the trade worked. Our favorite method of managing a trade like this is with the Single In/Scale Out method of money management as described in the book The Gartley Trading Method: New Techniques to Profit From the Market's Most Powerful Formation. To learn about this effective trade management technique, click here to watch an instructional video. To identify Gartley Patterns before they complete, check out a free webinar entitled "Can This 75- Year Old Pattern Pinpoint Market Turns?" today Nov. 28th at 7:00 PM Central Time. Register here.

 

 

 

WPC Bullish Gartley Pattern

A Bullish Gartley Pattern recently completed on W.P. Carey & Co., LLC (WPC on NYSE.) The trade setup was identified 2 days in advance in the October 3, 2011 issue of The Geometric Trader - Global Equities Report. The report stated that if WPC trades at 35.10, then we should buy on a stop one tick above the high of the recent low bar.

The setup was complete the following day on Tuesday, October 4th, 2011. A new low was made that day so an order was placed to buy on a stop one tick above the high. Our order was filled the following day at 35.42. The stop was placed one tick beyond the recent low at 34.49.

As seen above, the trade worked. Our favorite method of managing a trade like this is with the Single In/Scale Out method of money management as described in the book The Gartley Trading Method: New Techniques to Profit From the Market's Most Powerful Formation. To learn about this effective trade management technique, click here to watch an instructional video. To identify Gartley Patterns before they complete, check out The Geometric Trader - Global Equities Report at www.geometrictrading.com

AGU Bearish Gartley Pattern

A Bearish Gartley Pattern completed September 8th, 2011 on Agrium Inc.(AGU on NYSE.) The setup was complete on this trade when AGU touched the 78.6 Fibonacci retracement of the XA leg. Orders to sell on a limit at 89.32 could be placed anytime after a rally above the B point. Once filled, initial stops were placed just above the X point at 93.49. To learn more about identifying Gartley Patterns before they complete, pick up a copy of The Gartley Trading Method: New Techniques to Profit From the Market's Most Powerful Formation at Traders Library or check out The Geometric Trader - Global Equities Report at www.geometrictrading.com

 

 

TFSL Trend Reversal Gartley Pattern

A Bullish TRG Pattern recently completed on TFS Financial Corp. (TFSL on NASDAQ.) What does TRG stand for? In The Gartley Trading Method: New Techniques to Profit from the Markets Most Powerful Formation, the Gartley Pattern is categorized into two groups: the Trend Reversal Gartley (TRG) and the Trend Continuation Gartley (TCG.) The difference between the two groups has to do with the volume and trend that precedes the X point of the pattern. In H.M. Gartley's classic book Profits in the Stock Market, he identified a significant trend (W-X above) prior to the X point of the pattern along with specific rules for volume. We apply Gartley's volume rules for the TRG and not the TCG.
The pattern above is a Bullish Trend Reversal Gartley. As per Gartley's volume rules, there was a decline in volume toward the end of the WX leg, an increase in volume at the beginning of the XA leg and a decline in volume during AD. To help us identify the completion of the CD leg of the pattern, we have used the price extension tool which compares the range of the AB leg to the CD leg. The 100% price extension line lands right beside the 78.6% Fibonacci retracement of XA. These projections confirm that the bullish Gartley would be complete at 8.47. This trade was identified after the close on Aug.18th, 2011 during a live Geometric Trading Course - Apprentice Level II session. The following day, the low for August was in place and TFSL rallied and hit our profit targets over the following weeks! For more information on the Gartley Pattern and Geometric Trading, go to www.geometrictrading.com

DTE Energy Gartley Pattern

A Bearish TRG Pattern recently completed on DTE Energy Company (DTE on NYSE). What does TRG stand for? In The Gartley Trading Method: New Techniques to Profit from the Markets Most Powerful Formation, the Gartley Pattern is categorized into two groups; the Trend Reversal Gartley (TRG) and the Trend Continuation Gartley (TCG.) The difference between the two groups has to do with the volume and trend that precedes the X point of the pattern. In H.M. Gartley's classic book Profits in the Stock Market, he identified a significant trend (W-X above) prior to the X point of the pattern along with specific rules for volume. We apply Gartley's volume rules for the TRG and not the TCG. The pattern above is a Bearish Trend Reversal Gartley. As per Gartley's volume rules, notice the decline in volume during the WX leg, the increase in volume during XA and the decline in volume during AD. To help us identify the completion of the CD leg of the pattern, we have used the price extension tool which compares the range of the AB leg to the CD leg. The red 100% price extension line lands right beside the blue 78.6% Fibonacci retracement of XA. These projections confirm that the bearish Gartley would be complete at 51.83. With a stop above the X point, we can see that we would have been filled EXACTLY at the high made on July 21st. DTE has subsequently declined more in the past two weeks than it has any other 2 week period in 2011! To learn more about the Gartley Pattern and Geometric Trading, visit www.geometrictrading.com