Best ABCD Pattern Trading - How to Trade The ABCD Harmonic Pattern Strategies
Best ABCD Pattern Trading - How to Trade The ABCD Harmonic Pattern Strategies
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How to Add Fibonacci Levels Tool on MT4|MT5 Fibonacci Retracement Strategy
https://www.youtube.com/watch?v=ADogE_00SnQ
ABCD Pattern:
https://forexpasha.blogspot.com/2019/10/Best-ABCD-Pattern-Trading-How-to-Trade-The-ABCD-Harmonic-Pattern-Strategies.html
https://forexpasha.blogspot.com/2019/10/how-to-best-trade-Fibonacci-Retracement-trading-strategy-Support-ResistanceLevels.html
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ABCD Pattern:
Tools
Fibonacci Retracements: Primary used 61.8%. Fibonacci Extensions: Primary used 127.2% & 161.8%.
Timeframes
The ABCD Pattern was designed as a day / swing trading strategy. It
can be identified on any timeframe and can be seen in formation of
other advanced patterns.
Tactics
o The tactics for the ABCD Pattern are very similar to other well known
advanced patterns. We seek to identify 3 market moves and 2 major
Fibonacci zones. The combination of these moves forms the 4 points
(A,B,C,D) that fulfill the pattern.
Rules of Engagement: Criteria 1
The ABCD Pattern begins with a market movement / impulse leg that establish
our A and B points.
Once the A and B points have been identified, we then look for our first criteria.
Criteria 1: The market forms the (C) completion point by fulfilling at least a 61.8%
retracement of the AB leg.
Note: The BC move remains valid as long as there is at least a 61.8%
retracement of AB and there is not a candle close beyond the 78.6%
retracement of AB.
Note: The C completion point (candle wick) can extend beyond the
61.8% retracement of AB as long as the candle does not close beyond
the 78.6% retracement of AB. An example of this is presented below.
Rules of Engagement: Criteria 2
If criteria 1 has been met, then look for criteria 2.
Criteria 2: The market forms the (D) completion point by fulfilling at least a one to
one harmonic move of the AB leg coming in at a 127.2% extension of
AB. For ratio confluence confirmation a measurement of the BC may
be taken and the extension should come in at around a 138.2% to a
161.8%.
Note: The D point remains valid as long as there is at least a 127.2%
extension of AB there is not a candle close beyond the 161.8% of AB.
Note: In a valid CD move, there must be at least a 127.2%. Failure to
achieve a 127.2% invalidates the pattern. An example of this is
presented below.
Trade management: Entry, Stops, & Targets
Simple Rules
Entry: Limit order placed at the D completion point (127.2% of AB).
Stop Placement: 10 pips +/- 161.8% extension of AB.
If long entry, stop goes 10 pips below the 161.8% extension of AB.
If short entry, stop goes 10 pips above the 161.8% extension of AB.
Target 1: 38.2% retracement of AD move. When attained, move stops to
breakeven.
Target 2: 61.8% retracement of AD move. When attained, trail stop to structure
+/- 10 pips.
Here is an example of an ABCD Pattern with entry, stops, & targets:
Aggressive C Buys/Sells
Entry: If price closes between the 61.8% and 78.6% Fib of point C, then take a
long or short position at market in the direction of order flow.
Note: Taking an entry against order flow offers a lower probability trade and
exposes you to greater risk. Price cannot close above the 78.6% or close
below the 61.8% as this invalidates the setup.
Trade management: Stops, & Targets
Simple Rules
Stop Placement: 10 pips +/- of A.
If long entry, stop goes 10 pips below A.
Here is an example of the aggressive C buy/sell with entry, stops, & targets
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Welcome Friends to 's Biggest Technical Analysis Youtube Channel
Our Dream is to make you an Expert in Trading any Market, be it Indian Stocks, Commodity or Forex Trading. We plan to achieve that by:
* By providing you A-Z of Technical Analysis and Fundamental Analysis training,
* By Giving you tools, Strategies and Indicators to know the markets better,
* By Providing you a Demo trading platform free of cost to test the waters
* By Providing you a Mobile App, to Monitor, Study, Analyze and trade on the Go.
* By Providing you Free Honest Product reviews related to Trading.
Our Channel has Videos basic videos from what is Technical Analysis to advanced concepts like Trading Divergences, we have training videos in Trading Psychology, Money Management along with hardcore Technical Analysis videos.
Wishing you all the very best.
.....................................................
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\\\\\\\\\\\\\\\\\\\
How to Add Fibonacci Levels Tool on MT4|MT5 Fibonacci Retracement Strategy
https://www.youtube.com/watch?v=ADogE_00SnQ
ABCD Pattern:
https://forexpasha.blogspot.com/2019/10/Best-ABCD-Pattern-Trading-How-to-Trade-The-ABCD-Harmonic-Pattern-Strategies.html
https://forexpasha.blogspot.com/2019/10/how-to-best-trade-Fibonacci-Retracement-trading-strategy-Support-ResistanceLevels.html
https://web.facebook.com/Forex-Pasha-107775087299617/
ABCD Pattern:
Tools
Fibonacci Retracements: Primary used 61.8%. Fibonacci Extensions: Primary used 127.2% & 161.8%.
Timeframes
The ABCD Pattern was designed as a day / swing trading strategy. It
can be identified on any timeframe and can be seen in formation of
other advanced patterns.
Tactics
o The tactics for the ABCD Pattern are very similar to other well known
advanced patterns. We seek to identify 3 market moves and 2 major
Fibonacci zones. The combination of these moves forms the 4 points
(A,B,C,D) that fulfill the pattern.
Rules of Engagement: Criteria 1
The ABCD Pattern begins with a market movement / impulse leg that establish
our A and B points.
Once the A and B points have been identified, we then look for our first criteria.
Criteria 1: The market forms the (C) completion point by fulfilling at least a 61.8%
retracement of the AB leg.
Note: The BC move remains valid as long as there is at least a 61.8%
retracement of AB and there is not a candle close beyond the 78.6%
retracement of AB.
Note: The C completion point (candle wick) can extend beyond the
61.8% retracement of AB as long as the candle does not close beyond
the 78.6% retracement of AB. An example of this is presented below.
Rules of Engagement: Criteria 2
If criteria 1 has been met, then look for criteria 2.
Criteria 2: The market forms the (D) completion point by fulfilling at least a one to
one harmonic move of the AB leg coming in at a 127.2% extension of
AB. For ratio confluence confirmation a measurement of the BC may
be taken and the extension should come in at around a 138.2% to a
161.8%.
Note: The D point remains valid as long as there is at least a 127.2%
extension of AB there is not a candle close beyond the 161.8% of AB.
Note: In a valid CD move, there must be at least a 127.2%. Failure to
achieve a 127.2% invalidates the pattern. An example of this is
presented below.
Trade management: Entry, Stops, & Targets
Simple Rules
Entry: Limit order placed at the D completion point (127.2% of AB).
Stop Placement: 10 pips +/- 161.8% extension of AB.
If long entry, stop goes 10 pips below the 161.8% extension of AB.
If short entry, stop goes 10 pips above the 161.8% extension of AB.
Target 1: 38.2% retracement of AD move. When attained, move stops to
breakeven.
Target 2: 61.8% retracement of AD move. When attained, trail stop to structure
+/- 10 pips.
Here is an example of an ABCD Pattern with entry, stops, & targets:
Aggressive C Buys/Sells
Entry: If price closes between the 61.8% and 78.6% Fib of point C, then take a
long or short position at market in the direction of order flow.
Note: Taking an entry against order flow offers a lower probability trade and
exposes you to greater risk. Price cannot close above the 78.6% or close
below the 61.8% as this invalidates the setup.
Trade management: Stops, & Targets
Simple Rules
Stop Placement: 10 pips +/- of A.
If long entry, stop goes 10 pips below A.
Here is an example of the aggressive C buy/sell with entry, stops, & targets
\\\\\\\\\\
Welcome Friends to 's Biggest Technical Analysis Youtube Channel
Our Dream is to make you an Expert in Trading any Market, be it Indian Stocks, Commodity or Forex Trading. We plan to achieve that by:
* By providing you A-Z of Technical Analysis and Fundamental Analysis training,
* By Giving you tools, Strategies and Indicators to know the markets better,
* By Providing you a Demo trading platform free of cost to test the waters
* By Providing you a Mobile App, to Monitor, Study, Analyze and trade on the Go.
* By Providing you Free Honest Product reviews related to Trading.
Our Channel has Videos basic videos from what is Technical Analysis to advanced concepts like Trading Divergences, we have training videos in Trading Psychology, Money Management along with hardcore Technical Analysis videos.
Wishing you all the very best.
.....................................................
forex trading strategies
best forex trading platform
forex trading for beginners
forex trading tutorial
what is forex trading and how does it work
forex trading reviews
forex market live
forex trading wiki
orex trading in india
best forex trading platform
forex trading for beginners
forex trading tutorial
forex trading reviews
functions of foreign exchange market
what is forex trading and how does it work
