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Tyren, Here is a PRU chart - it's a nice patterns with confluence of price AND time. good luck, Al C.

Here is a follow up chart for the FST chart I posted earlier this month. good trading, Al C.

Here is a follow up chart for the BBI chart I posted earlier this month. good trading, Al C.

Tyren, I don't know of any. good luck, Al C.

hapaboy, Tweezers at key fibonacci ratios have proven to work very well for me - especially when they occur on a 10 or 30 minute chart. I attached a 5 min. chart for illustration. Good trading, Al C.

Here is the weekly chart on Forest Oil. Al C.

I'll post a 2 charts on this stock - the daily chart shows what may be a possible selling opportunity and the weekly chart shows a nice possibility as well. Al C.

I'm glad to see that this thread is still drawing some interest. FWIW - here is how I see BBI, it looks like it may be a good short. thanks, Al C.

Derrik, I posted a chart to help illustrate.... In looking at the pattern you mentioned on IR, point D of the bearish gartley was set to complete above the .886 retracement making it a lower probability set up. Also, on the daily chart, there is a bar with a long tail that bounced off the...

kgharris, One definitely needs to know how to manage the trades and watch for the warning signs of possible pattern failure if not you are certainly correct about getting hurt badly. Also, proper trade management and the use of trailing stops can lead to very nice profits. thanks, Al C.

Salzburg, Larry Pesavento's book "Fibonacci Ratios with Pattern Recognition" has great information for those interested in pattern trading. If however, you are interested in a book that will provide a step-by-step approach to learning how to trade patterns based on fibonacci ratios let me...

I have received many private messages and emails questioning me as to whether or not the patterns I use produce consistant profits. I have been asked to "prove" the fact that one may be profitable every trading week. I have also been challenged by some on this board to post calls "live"...

Even though I have been busy I still trade full-time everyday. It constantly amazes me how these profitable patterns continue to "ring the cash register" daily. For example, here's a trade that showed on up Friday's NQ market. Please notice that point B occured at the confluence of the .618...

Thanks for all the posts and private messages. I am sorry that I have been slow in responding. I've been hard at work completing my new book which thank God is has been published. I am now able to promptly answer all posts. thanks, Al C.

No, They are not butterfly's however, the low on the chart was the completion of a butterfly. Al C.

nkhoi, All of these patterns are detected manually. Though software does exist to detect them, software cannot possibly learn to allow for the many variables which may exist in any given pattern or set of patterns. And, more importantly, software will probably never be able to properly deal...

opm8, Attached is the 30 min. chart I referred to previously. thanks, al c.

opm8, Attached is a 2 min. chart same as my previous post but, it has the addition of the Fib. retracement. The pattern completed at 1071.50 and the high day was 1072.00. My next post will have the 30 min. chart showing support at the .786. It just so happened on this set up that the...

Maverick, opm8, ZBEAR, Trader Kay, MACD My apologies for not having done a better job in keeping up with this thread. I have been working a project which has taken up far more time than I had anticipated. I am still very new at using Elite Trader and have never used anything like it...

Thanks Papst. I appreciate the nice compliment and hope that I shall be able to live up to your kind words. I have a lot more to post regarding this thread and will soon offer real time posts and charts. Thanks once again :) , Al