Daytrading the ABCD Fibonacci Pattern (Forex Trading)

August 16, 2010 by  
Filed under Forex Trading News


Examples of applying the ABCD pattern on the 5min chart of the GBP/JPY pair throughout the trading day (non-news).

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Comments

30 Responses to “Daytrading the ABCD Fibonacci Pattern (Forex Trading)”
  1. ZerroRozario says:

    Who speaks where puts points? Subconsciousness?

  2. LotusRain11 says:

    I just signed up with the Pro Training, thanks dear Andrei, I am loving it and learning a lot. Cheers, Lotus

  3. I’ve been using a forex bot that I got at bit(dot)ly/bUf58X to make me money in this market. It basically does all the work for you and there’s a 100% refund if you don’t like it! Thumps up if you’ve had a similar experience with this product!

  4. olegirpen says:

    АНАЛИЗ МИРОВОГО РЫНКА

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  5. olegirpen says:

    АНАЛИЗ МИРОВОГО РЫНКА

    marketingforecast.blogspot.com

    Прогноз рыночной конъюнктуры. Анализ мировых индексов. Котировки акций крупнейших компаний. Эффективные финансовые инвестиции. Прогноз цен на товарном, сырьевом и аграрном рынках. Аналитика драгоценных металлов. Динамика курсов основных валют. Мировые финансовые рынки. Информация для инвесторов и трейдеров.

  6. register2pfr says:

    if you want to go to a live training event teaching FOREX swing trading email me and ill tell you when the next weekend webinar is on.. register2pfr@gmail.com

  7. great vid ~ i’ve reviewed this countless times. this really works best when during trading hours with high volume. it’s really best to know 1 market’s attitude & feel because each market will make these points in their own style. this is great truth ~ i find your presentations the most valuable online, great info & very useful strategies

  8. great vid ~ i’ve reviewed this countless times. this really works best when during trading hours with high volume. it’s really best to know 1 market’s attitude & feel because each market will make these points in their own style. this is great truth ~ i find your presentations the most valuable online, great info & very useful strategies

  9. lefsepowered says:

    I doubted this strategy until I had three out of four profitable trades using it. The main thing that I like about it is that it slows me from impulsively entering the market at the worst possible times. I used to short at the bottom of the daily range thinking that the trend would continue forever. Conversely, I would go long on a breakout above the resistance line. Anyway, you have to use other indicators when using this method, and of course you need to know when the ABCD setup is void.

  10. HOW REAL CAN BE THIS SYSTEM I DONT KNOW IVE TRIED ANOTHER ONE BEFORE AND DIDNT WORK

  11. watchdaride says:

    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.

  12. beermn45 says:

    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

  13. aqeel3344 says:

    is this method applicable for other chart frames?
    do we have to break MVA 200 ?

  14. 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.

  15. 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.

  16. kosai19 says:

    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).

  17. kosai19 says:

    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.

  18. 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!

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  19. 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.

  20. 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.

  21. socp01 says:

    i cant see with all those damn lines in the middle

  22. Shleeshtak says:

    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

  23. watch my channel for video’s about daytrading and make money with trading! Read also reviews about different brokers here.

  24. astrov83 says:

    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!

  25. op684 says:

    why do all thes guys have Russian accents? its not obvious, but its THERE lol

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