Comments on: Daytrading the ABCD Fibonacci Pattern (Forex Trading)

By: fxKnight

fxKnight — Sat, 06 Mar 2010 05:48:48 +0000

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.

By: nawandajagger

nawandajagger — Thu, 04 Mar 2010 13:57:49 +0000

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!

By: fxKnight

fxKnight — Thu, 04 Mar 2010 09:33:28 +0000

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.

By: valkireable

valkireable — Tue, 02 Mar 2010 07:34:19 +0000

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.

By: beemzet

beemzet — Sat, 27 Feb 2010 14:00:54 +0000

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.

By: whiternoise2

whiternoise2 — Fri, 26 Feb 2010 15:16:23 +0000

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.

By: beemzet

beemzet — Tue, 23 Feb 2010 19:24:22 +0000

good answer

By: JudiBeaver

JudiBeaver — Mon, 22 Feb 2010 04:49:57 +0000

Informative video, there is so many different methods and ways to successfully trade.

By: 1yakko1

1yakko1 — Thu, 18 Feb 2010 21:33:12 +0000

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.

By: Mrbignutzful

Mrbignutzful — Wed, 17 Feb 2010 13:34:25 +0000

Thanks for sharing this strategy.
Question: where would you set your stop loss? 5-10 pips above “C”, where you get in?