Hi Traders, Please find below three basic trading strategy's that can be implemented to any market on a daily basis. I have only given out basic information on the ratio's and fibonacci's of the two strategy's, should you need anymore in depth information don't hesitate to contact me. ABCD Rules Of Engagement: 1. Point C must retrace to a 0.618 of the A...
Hi Traders, Please find below three basic trading strategy's that can be implemented to any market on a daily basis. I have only given out basic information on the ratio's and Fibonacci's of the three strategy's, should you need anymore in depth information don't hesitate to contact me. 2618 Rules Of Engagement: 1. Double top 2. Break & close below...
Gartley Advanced formation Tools: *Fibonacci retracements (61.8% and 78.6%) *Fibonacci extension (127.2%) Timeframes: *The Gartley Advanced formation was originally designed as a swing trading strategy. But it also works on lower timeframes. Tactics: *Seek to identify 4 market moves and 3 major Fibonacci zones. The combination of these moves forms the...
STAGE 1: THE BULLISH IMPULSE LEG A bullish impulse leg is a strong move in price action to the upside. The impulse leg can be a mixture of bullish and bearish candles, but must have a bullish overall direction. The start of the impulse leg should be marked as X and the top of the impulse leg should be marked as A. STAGE 2: B LEG RETRACEMENT Now that...
STAGE 1: THE BULLISH IMPULSE LEG A bullish impulse leg is a strong move in price action to the upside. The impulse leg can be a mixture of bullish and bearish candles, but must have a bullish overall direction. The start of the impulse leg should be marked as X and the top of the impulse leg should be marked as A. STAGE 2: B LEG RETRACEMENT Now that...
***EDUCATIONAL*** The perfect ABCD Pattern
Friends, I haven't had time to post any of my trades in recent days. So i thought i would post some of the trades I took recently. I know this is after fact, but the aim is just to share the knowledge and experience. I made 4 trades, 3 winners and one loser. I will post them throughout the week as i am taking a small rest from markets during the election...
GBPUSD: A good lesson on harmonics pattern invalidation. GBPUSD formed very good bullish BAT + bullish Butterfly pattern on 26 Sep 2016. 26 Sep daily candle closed above the critical price levels. A long should enter after that. this pair did move up afterwards. However, there was extreme price action on 3 Oct 2016. it was a gap down below the whole PRZ and...
It is the second most important trading pattern in Harmonic Pattern series , called Gartley Pattern which is also frequently observed in markets. This post a second post of educational series related to Harmonic Patterns , In this post, I cover the following things regarding the pattern 1. Pattern Traits 2. Step by Step formation of the Pattern 3. Bullish...
In this Educational post, I will be sharing the most basic and simple harmonic pattern: AB=CD Pattern 1. Formation of the Pattern 2. What to look in the pattern 3. Targets This is a new series of Harmonic Patterns , where I shall be discussing about the below patterns: 1. AB=CD Pattern 2. Gartley Pattern 3. Cypher Pattern 4. Bat Pattern 5. Butterfly...
This is a little sheet you can print that I put beside my desk. It has the pattern name, where to measure it on the chart, and the rules. If you need anything, or want the text bigger I'm sure I can make a new one. Happy Trading! Changes: Removed Twitter details because it violates house rules.
Cypher advanced formation is the most accurate formation among all advanced formations. It is about 70% accurate if identified correctly. The ONLY correct way of identification is as follows: 1. B-point must touch 0.382XA but should never close beyond 0.618XA 2. C-point must touch 1.272XA but should never close beyond 1.414XA 3. D-point is 0.786XC and it must be...
Hi Traders, Here is a bearish bat pattern setup on USDJPY with D pattern completion at 103.950. Read below if you are unsure how to identify a bat pattern. 1) Look for an impulse leg, which will mark the beginning of the pattern. I like the analogy of seeing the impulse leg as a "Sore Thumb" high or low point, something that immediately sticks out on the chart....
Few Advice that how can you be Good Forex Trader. 1 > Making pips no big issue things is that how you manage it. 2 > Every day is not TP days so be Ready for SL too. 3> Trade for Leave not Leave for Trade/ 4> No one can be Billionaire in a night 5> Never Greed 6> Never be over confident on your Trade. 7> Always use SL 8> If in any trade if get 50+ PIPS book it...
A simple trade using a harmonic three drive and RSI. Entry for the trade has already gone. But it could be useful to point to the setups and conditions around it, because it provide a great example of combining high probability technicals to initiate a trade. The price provided a great shorting opportunity after completing a three drives pattern around 1.0770...
Read the message on the chart carefully, mates. This information will help you to save lots of time, efforts and money. I you are new to these series then check the related ideas links to read the beginning.
the beginning is on the chart above)) Also to trade successfully with discipline you need to know your patterns statistics. What is the accuracy ratio? What is the largest drawdown? What is the average loss? What is the average win? What is the profit factor? What is the expectancy? What is the average risk to reward ratio? If you don’t know the statistics you...
Hey, traders it is the second edition in these series.