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).

LMT Forex Topics


    25 Responses to “Daytrading the ABCD Fibonacci Pattern (Forex Trading)”

    1. fxKnight says:

      I personally use FXCM UK for our client accounts, along with FxPro for some of my own trading. Visit our site for more info and special offers from both.

    2. playergame06 says:

      hey thx 4 ur videos it help me a lot…hey what u think about alpari……….

    3. GusBariga says:

      When i started trading 3months ago, i thought your video was cool but now it seems so lame. I really doubt if you are a consistently profitable trader. trading isn’t only about the fibonacci. fibonacci is secundary at best and must be used in the right way. which is in accordance with proper supply and demand anaylsis. The reason price fell is not because you measured it with your fibo. Its because their was more supply at that level than demand. ppl go read ur economics 101 from highschool

    4. fxKnight says:

      Fibs are a toll for ONE specific purpose: finding targets. Fibs alone are NOT a trading system. Gus… I agree with everything you said, mate. But, hey, it’s a 10-minute video, not a complete course. Visit our website for lots more free stuff to help your journey.

    5. GusBariga says:

      that is because you cant see the order flow but why would you need to. Why does price move from one level to another? supply and demand from big institutions. At those levels where price screams away tells us that there is more of one and less of the other. i personally dont look at red and green candles but what is happening behind those candles.

    6. GusBariga says:

      i agree with you very much. i personally would take the other side of the trade with anyone using conventional indicators in the wrong way.

    7. densu2008 says:

      good i agree whit u bro

    8. frequenceez says:

      those candle sticks are too good to be true for a 5 minute chart..This is one of those good days that come once in a week and you were out drinking beer

    9. i0am0a0daytrader says:

      watch my channel for more video’s about daytrading and read reviews about different brokers.

    10. op684 says:

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

    11. 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!

    12. i0am0a0daytrader says:

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

    13. 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

    14. socp01 says:

      i cant see with all those damn lines in the middle

    15. i0am0a0daytrader says:

      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. i0am0a0daytrader says:

      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.

    17. i0am0a0daytrader says:

      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!

      Read also? reviews about different brokers here (for great BONUSES)

    18. 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.

    19. 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).

    20. i0am0a0daytrader says:

      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. i0am0a0daytrader says:

      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.

    22. aqeel3344 says:

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

    23. 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

    24. 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.

    25. TheDebtCollectorss says:

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

    Leave a Reply