Take a look at the chart above for a second and let me know what you see..... Most people will respond nothing really.Experienced traders will either say a triple top high or an Abcd pattern.  However if you look closely or at the chart below there is actually a beautiful Gartley pattern completion.  Earlier today a good trader named Andre send me some charts of stuff he was looking at late last week. When looking at this charts I decided to open up mine simply to get some practice at see if I had similar notes marked off.  When I opened up his chart on the EURUSD with a Gartley marked off I became confused because not only did I miss it, but it wasn't even on my radar.  I didn't trade on Friday so I wasn't upset that I missed it, but when it comes to advanced patterns like such, we should be able to have them predicted hours if not days in advance. So why did I miss it?  I missed it because on that particular pair I was only looking at the 4hr chart. The chart that Andre sent me was a 2hr chart and when I went down to the 1hr chart that pattern was even clearer. 

When I do my market analysis I often only look at a pair on a single time frame only checking down to a lower on if I want a clearer picture of something that was previously identified.  Seeing these charts, and noticing how my eyes didn't pick up this pattern at all shows me that maybe I don need to start looking at both time frames (4hr & 1hr) before going on to the next pair.  My goal is to become a master trader and great technical analysis. Hopefully I took another positive step in that direction today.  

Again thanks to Andre P. for bringing my attention to this.
12/3/2011 03:11:47 am

I never saw it either. I had to do the same thing and double check my charts, its plain as day now that you pointed it out, but totally missed it. Good eye Andre.

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eric
12/6/2011 08:35:03 am

I missed it. haha. Though i did immedietly see you have a a supply zone on the days of 11/22 and 12/1-12/2, so when it retested that same level for the 6th time over 2 weeks I had little faith it would rally, and it indeed fell like a rock! lol

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Akil S.
12/6/2011 09:32:16 am

SWEET! There is nothing better than a trade that immedietly rolls over in your favor.

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