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Ross Beck
Point Roberts, Washington
Recent Activity
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A Bullish Gartley Pattern recently completed on Lockheed Martin Corp (LMT on NYSE.) The XA leg of the Gartley pattern indicates the direction of the trend and the AB=CD symmetry indicates the completion of a correction against the trend. The intent is to identify the completion of the correction at the projected D point and then to open trading positions in the direction of the trend. The trade setup was complete on December 14th, 2012 when LMT traded at 89.38 at the 1.1 line. At this point we would be looking to buy one tick above the high of the... Continue reading
Posted Jan 1, 2013 at Traders' Library Blog
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A Bullish Gartley Pattern recently completed on FMC Corp (FMC on NYSE.) The XA leg of the Gartley pattern indicates the direction of the trend and the AB=CD symmetry indicates the completion of a correction against the trend. The trade setup was complete on November 15th, 2012 when FMC traded at 51.20. At this point we would be looking to buy one tick above the high of the November 15th low bar On November 16th, our stop order to buy was hit and FMC quickly moved to hit our first two profit targets. As seen above, the trade worked. Our... Continue reading
Posted Dec 10, 2012 at Traders' Library Blog
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A Bearish Gartley Pattern recently completed on Ezcorp (EZPW on NASDAQ.) The XA leg of the Gartley pattern indicates the direction of the trend and the AB=CD symmetry indicates the completion of a correction against the trend. The trade setup was complete on September 14th, 2012 when EZPW traded at 24.55. At this point we would be looking to sell one tick below the low of the September 14th high bar. On September 25th, our limit order to sell was hit and EZPW quickly moved to hit our first two profit targets. As seen above, the trade worked. Our favorite... Continue reading
Posted Oct 4, 2012 at Traders' Library Blog
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A Bearish Gartley Pattern recently completed on Regal-Beliot Corp (RBC on NYSE.) The trade setup was identified in the April 30, 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 following day a new high was made and the sell order was filled two days later. RBC 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... Continue reading
Posted Jun 10, 2012 at Traders' Library Blog
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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... Continue reading
Posted Apr 16, 2012 at Traders' Library Blog
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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... Continue reading
Posted Mar 4, 2012 at Traders' Library Blog
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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... Continue reading
Posted Feb 3, 2012 at Traders' Library Blog
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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... Continue reading
Posted Jan 1, 2012 at Traders' Library Blog
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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... Continue reading
Posted Nov 28, 2011 at Traders' Library Blog
Ross Beck added a favorite at Traders' Library Blog
Nov 8, 2011
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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... Continue reading
Posted Oct 28, 2011 at Traders' Library Blog
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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... Continue reading
Posted Sep 30, 2011 at Traders' Library Blog
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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... Continue reading
Posted Sep 1, 2011 at Traders' Library Blog
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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... Continue reading
Posted Aug 2, 2011 at Traders' Library Blog
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A bullish TCG Pattern recently completed on Snap On Inc. (SNA on NYSE). What does TCG 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 price action 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 prior to the X point of the pattern along with... Continue reading
Posted Jun 29, 2011 at Traders' Library Blog
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A Bearish TRG Pattern recently completed on Hartford Finacial Services Group Inc. (HIG). 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 has to do with the price and volume action that precedes the X point of the pattern. In H.M. Gartley's book Profits in the Stock Market, he identified a significant trend prior to the X point of the pattern. In the example above,... Continue reading
Posted Jun 2, 2011 at Traders' Library Blog
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A Bullish TCG recently completed on McCormick and Company. What does TCG mean? 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 has to do with the price action that precedes the X point of the pattern. In H.M. Gartley’s book Profits in the Stock Market, he identified a significant trend prior to X point of the pattern. He went on to describe his pattern as One of the Best... Continue reading
Posted Feb 23, 2011 at Traders' Library Blog
Come join optionsXpress host Jim Rouzan and special guest Ross L. Beck for part II a three-part series on the Gartley Trading Method. Part II is entitled "The Gartley Trading Method: Exits and Money Management." This series is based on Ross’ new book The Gartley Trading Method: New Techniques to Profit from the Markets Most Powerful Formation. Part III will be presented on March 7th. This is an event that you will not want to miss! To register for Part II of the series, click here. Continue reading
Posted Feb 7, 2011 at Traders' Library Blog
Ross Beck, author of The Gartley Trading Method: New Techniques to Profit from the Markets Most Powerful Formation will be speaking to the Vancouver Forex Meeting Group to discuss how to find Gartley Patterns in the Foreign Exchange Market. If you are in Vancouver tomorrow night, please join us to enjoy this dynamic presentation! To register for this event, go to: http://www.meetup.com/forextraders/ Continue reading
Posted Jan 18, 2011 at Traders' Library Blog
Come join optionsXpress host Jim Rouzan and special guest Ross L. Beck for a three-part series on the Gartley Trading Method. Part I is an Introduction to the Gartley Pattern and is based on Ross’ new book The Gartley Trading Method: New Techniques to Profit from the Markets Most Powerful Formation. Part II will be presented on February 7th and Part III will be presented on March 7th. This is an event that you will not want to miss! To register for Part 1 of the series, click here. Continue reading
Posted Jan 6, 2011 at Traders' Library Blog
Interview with Ross Beck, author of The Gartley Trading Method: New Techniques to Profit from the Markets Most Powerful Formation is now available. Continue reading
Posted Jan 5, 2011 at Traders' Library Blog
Ross Beck is now following The Typepad Team
Nov 17, 2010