Online Forex
Available For All Levels of Investors
Daytrading the ABCD Fibonacci Pattern (Forex Trading)
Examples of applying the ABCD pattern on the 5min chart of the GBP/JPY pair throughout the trading day (non-news).
-
- 100 Pips in Under 25 Minutes - Easy as ABCD! (Forex Trading) (25)
- Forex Trading | Etoro (25)
- FOREX (25)
- Daytrading the ABCD Fibonacci Pattern (Forex Trading) (25)
- Forex Trend Snapback Trading System (24)
- How to Save $5000 on Forex Trading Training and Get it Free (21)
- 89. Forex Trading - Understanding the Bid/Ask Spread (21)
- Elliott Wave Forex Trading: It's Not The News That Matters (20)
- Forex Trading Software :: Interactive Course (19)
- Forex Stop Loss | Forex Trading Tips (18)
- ForexTradingTV: deposit $100 and get $1000 ?????
- alameddine: Can you please translate to English what you and the sheikh said?
- Farcry2DOTorg: this is the same as the forexaccountdemo*COM
- marquesbrownlee: Half a million views and 25 comments… Interesting
- fxKnight: Charts are in hindsight because they’re on VIDEO. But I do plenty of trading each and every day, as...
- ipodtouchhackster: LOL its prob embedded on a site or some other thing like that
- alameddine: Thank you very much, can you please translate to English what you and the sheikh said?
- marquesbrownlee: That’s not what it says in the Statistics and data graph…
-
Meta
January 23, 2010 - 12:36 pm
Hi,
i was wondering if all trading platforms give fibs beyond 100%. mine seems to give only upto 100% so I cannot see 138 or 161 as in this video. please ignore my ignorance !
January 24, 2010 - 4:16 am
Nice Post
Check out my channel, Ill try to become Millionaire in one year by Daytading.Ill post daily updates.
Regards,
Daytrademillionaire
January 26, 2010 - 11:27 am
I agree, the newsletter has been a huge help for me personally.. check it out, its free anyway.. authoropen . com
January 29, 2010 - 5:03 am
that’s nice
January 29, 2010 - 11:44 pm
Do you ever trade Tandum with EUR/JPY
January 30, 2010 - 1:15 pm
The “Black Knight”……. lol….
January 31, 2010 - 7:53 pm
Is there a web site or something where it shows in detail the institutional order flow for trades placed by the big boys such as DB, UBS, etc. I know that Nasdaq level 2 provides similar type of data for equities markets, but I never heard of something similar in fx.
February 2, 2010 - 2:04 pm
Use a forex account demo here: forexaccountdemo*com
before committing to using your hard earned cash
February 6, 2010 - 12:28 am
It works about 77% of the time, and for the remaining 23% you can spot early reversals ahead of targets using indicators or candlestick formations – all else fails, there’s always your stop. For finding A-B it is simply the start to end of the most recent move.
February 8, 2010 - 7:15 am
i’m impressed by how well ths worked in the vid.
what’s the approx. failure rate?
what do you usually do to determine point A; starting just from the open as you did here? do you use your gauges/m.a strategies? or something else?
as always, your efforts are much appreciated
February 11, 2010 - 10:23 am
great video i have value information about the topic if you want learn more you have an open invitation
February 13, 2010 - 2:24 am
I use something similar to this and have had good success with it. D usually falls like a rock, little retrace. In fact, I have been using this for some time. Going up…choppy, coming down…usually like a rock.
Lynn
February 14, 2010 - 12:21 am
black knight….
what a geek
February 16, 2010 - 9:12 am
No, you’re right… this is a trend-following pattern, so obviously works best in trends. For trading a range, you need a different strategy (we show some of them in free videos on our site). A successful trader adapts as market conditions change; that’s why trading robots will always empty your account if you let them run long enough.
February 16, 2010 - 2:14 pm
this is a trade form 2 years ago… I hardly remember.
In general, I like to put my stops on the other side of the closest support to resistance level form my entry, with some padding to account for the spread + market noise. We have free videos on our website which will show you how to fine tune both your stops and your entries.
February 17, 2010 - 9:34 am
Thanks for sharing this strategy.
Question: where would you set your stop loss? 5-10 pips above “C”, where you get in?
February 18, 2010 - 5:33 pm
This video is quite comical to me. I understand the fib retracements and extensions, however, you must realize in a choppy market this would pretty much go against you. In a trending market, I agree, this would definitely work. Let me know how you trade gbp/jpy now a days. I’ve been trading it everyday for past little while, and what you are talking about…. ain’t gonna work man.
Not here to rain, just my 2 cents.
February 22, 2010 - 12:49 am
Informative video, there is so many different methods and ways to successfully trade.
February 23, 2010 - 3:24 pm
good answer
February 26, 2010 - 11:16 am
Why? To get people to sign up for pro services which give a more in depth guide as to how to actually trade the system effectively. A ten minute video is cool, but you need more practice than three trades to get used to it.
There is little point in scamming people by teaching them how to use these systems, it takes ten minutes to open a demo account with any broker to test the theory out.
No doubt there are people who do this, but it’s relatively simple to check whether they’re bullshitting.
February 27, 2010 - 10:00 am
i wonder what is the point of spreading such videos? to be clearer, what does the host gain from this?
i think, some people convince others to follow these steps so that they (the former ones) would know for sure what others would do in certain situations and do the exact opposite. just a thought.
March 2, 2010 - 3:34 am
naw i had to comment on passing…ya say “Only medium to long term trading makes money”….lol…i do 200+ a day…so i geuss 24 hour is long term…12 hour medium term!…thats’ funny…gees i use a version of ABCDs to…lol…i drop the D.
March 4, 2010 - 5:33 am
YouTube has a 10min limit on videos. I also trade mostly medium-long term, unless I’m stalking a news trade (as in THIS example). Right now, I’m not taking long-term trades, as everything is either at or near key Fibonacci levels (I find Fibs to be more precise than simple round numbers), and I’m waiting to see how the weekly candle closes. I *do* also post my long-term projections, which you can readily find on DailyFX, FXStreet, BabyPips, ForexPros, and the International Business Times.
March 4, 2010 - 9:57 am
Look I`m not sceptical nor frustrated and right now I`m short eur/usd and looking for 1.3400 in coming weeks – Yes a medium term position as it is only medium to long term trades that make good money! GBP/USD now has a bearish outside day, i.e., higher high, lower low, and looking like a lower close which for me is another opportunity.
Now you could show your real time trades if you really wanted by showing the chart as it is when you enter and then how it is a few hours later!
March 6, 2010 - 1:48 am
Charts are in hindsight because they’re on VIDEO. But I do plenty of trading each and every day, as I’ve said, in real-time – using the EXACT same methods I teach. If you’re sceptical, look up our site on some popular review websites, see what our students are saying.