Daytrading the ABCD Fibonacci Pattern (Forex Trading)
Tuesday, June 22nd, 2010 at
12:31 am
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Filed under: Forex Trading
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gusbariga you are …
gusbariga you are just trading 5 months and you are bashing people in the business for years. you dont start making real money till you been trading 5 yrs + and blown out 5 accounts. So shill out and learn something here.
It would be good if …
It would be good if these so-called professional traders could just give advice free because it all reeks of a sales pitch. Most of the comments are also sales pitches, either from the same person, or from other “professionals”. If they were all professionals and so successful they wouldn’t need to bother with trying to sell their strategies. When I find a strategy that works consistently for me I will keep it to myself and use it until I become a multi millionaire or die. Too many deadbeats
is this method …
is this method applicable for other chart frames?
do we have to break MVA 200 ?
check my channel …
check my channel for video’s about daytrading and trade like me in forex (EUR/USD, CAD/JPY etc.), stocks (coca-cola, phillips etc.), commodities (gold, silver, oil etc.) and indices (Nasdaq, Nikkei etc.
check my channel …
check my channel for video’s about daytrading and trade like me in forex (EUR/USD, CAD/JPY etc.), stocks (coca-cola, phillips etc.), commodities (gold, silver, oil etc.) and indices (Nasdaq, Nikkei etc.
For those …
For those interested the ABCD pattern was made famous by Larry Pesavento in his book “Fibonacci Ratios with Pattern Recognition.” There’s a lot more theory and specifics to using and identifying the pattern than what’s presented here.
Also, “geometric price patterns” like these were also well researched by Gartley (Gartley Patterns).
Just a comment but …
Just a comment but removing the grid lines and a few other items you don’t need would have really helped to make this video clear.
It’s just a jumble of lines right now. Just a tip for presentation… cheers.
check my channel …
check my channel for video’s about daytrading and trade like me in forex (EUR/USD, CAD/JPY etc.), stocks (coca-cola, phillips etc.), commodities (gold, silver, oil etc.) and indices (Nasdaq, Nikkei etc.) and make money with trading!
Read also reviews about different brokers here (for great BONUSES)
check my channel …
check my channel for video’s about daytrading and trade like me in forex (EUR/USD, CAD/JPY etc.), stocks (coca-cola, phillips etc.), commodities (gold, silver, oil etc.) and indices (Nasdaq, Nikkei etc.
check my channel …
check my channel for video’s about daytrading and trade like me in forex (EUR/USD, CAD/JPY etc.), stocks (coca-cola, phillips etc.), commodities (gold, silver, oil etc.) and indices (Nasdaq, Nikkei etc.
i cant see with all …
i cant see with all those lines in the middle
Nice vid I used …
Nice vid I used 1.618 as target all the time, with super tight stop above or below the A by 1 pip LOL
I’ve been using the ABCD’s for years and works well on 5 min charts, however as I see on your system you use several other indicators to determine direction, not typical of an ABCD which I do as well.
What is the main indicator you use to determine an A
I was looking for something that would keep me out of false AB’s
watch my channel …
watch my channel for video’s about daytrading and make money with trading! Read also reviews about different brokers here.
Hi,
ABCD, looks …
Hi,
ABCD, looks and sounds good, but I find point C a bit weak!
On the video, of course its easy to show where point C and therefore fib levels were, but on the spot, you dont know if price will retrace till 38, 50 or 61%! You might enter at 38 and then see price going all the way to 61 or even further to jeopardize the trade.
Im just saying that by the time C is confirmed, it is already too late!
Wish I was wrong!
why do all thes …
why do all thes guys have Russian accents? its not obvious, but its THERE lol
watch my channel …
watch my channel for more video’s about daytrading and read reviews about different brokers.
those candle sticks …
those candle sticks are too good to be true for a 5 minute chart..This is one of those good days that come once in a week and you were out drinking beer
good i agree whit u …
good i agree whit u bro
i agree with you …
i agree with you very much. i personally would take the other side of the trade with anyone using conventional indicators in the wrong way.
that is because you …
that is because you cant see the order flow but why would you need to. Why does price move from one level to another? supply and demand from big institutions. At those levels where price screams away tells us that there is more of one and less of the other. i personally dont look at red and green candles but what is happening behind those candles.
Fibs are a toll for …
Fibs are a toll for ONE specific purpose: finding targets. Fibs alone are NOT a trading system. Gus… I agree with everything you said, mate. But, hey, it’s a 10-minute video, not a complete course. Visit our website for lots more free stuff to help your journey.
When i started …
When i started trading 3months ago, i thought your video was cool but now it seems so lame. I really doubt if you are a consistently profitable trader. trading isn’t only about the fibonacci. fibonacci is secundary at best and must be used in the right way. which is in accordance with proper supply and demand anaylsis. The reason price fell is not because you measured it with your fibo. Its because their was more supply at that level than demand. ppl go read ur economics 101 from highschool
hey thx 4 ur videos …
hey thx 4 ur videos it help me a lot…hey what u think about alpari……….
I personally use …
I personally use FXCM UK for our client accounts, along with FxPro for some of my own trading. Visit our site for more info and special offers from both.
I like to use …
I like to use support & resistance rather than arbitrary round numbers – decide which line price has to cross to prove your trade idea wrong, then put your stop on the other side, with a bit of extra padding.