Daytrading the ABCD Fibonacci Pattern (Forex Trading)

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

Tags for this video: Black currency education forex fx fxKnight invest Knight learn markets trading training
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Messy chart ( 5 months ago by lexovirus)

Messy chart

Agree... but, hey, ... ( 5 months ago by fxKnight)

Agree... but, hey, I was going for profits and not looks. :)

Oh... sorry. I ... ( 5 months ago by lexovirus)

Oh... sorry. I forgot to comment about the system. very useful! it took me to a higher level. 5 stars! never mind the chart. :)

Can you tell me ... ( 4 months ago by bosoko)

Can you tell me what indicators u use
I am currently testing out Fibonacci, and use stochs, RSI, I will try to add MACD histogram

Stochs and RSI are ... ( 4 months ago by fxKnight)

Stochs and RSI are from the same group (oscillators), so essentially tell yo the same thing. MACD is good, it is from the other (trend-following group). For more info, please see our website, and click on Trading Academy (free).

Thanks... glad you ... ( 3 months ago by fxKnight)

Thanks... glad you find it helpful. We've made improvements to the chart since then, and hope to make more videos available soon (back then I was testing several systems against one another - hence the mess).

Mark Douglas uses ... ( 3 months ago by ZiggyHungga)

Mark Douglas uses this pattern, doesn't he?

Not sure... never ... ( 3 months ago by fxKnight)

Not sure... never traded or studied with him.

I have a collection ... ( 2 months ago by smartforextrader)

I have a collection of forex autopilot trading videos. Have used myself and found them very profitable. Just want to share with you. Click on my account to see the videos.

i can´t see ... ( 2 months ago by TEEBOOLOO)

i can´t see anything, only millions of lines ....

No problem... it ... ( 2 months ago by fxKnight)

No problem... it comes with practice. :) Charts on new videos will be cleaner, promise.

naughty fun. visit ... ( 1 month ago by b9brap)

naughty fun. visit my profile. Z

Thanks, your video ... ( 1 month ago by lazerusmfh)

Thanks, your video was incredibly informative! I do have a question. Will you ever use a 50% "C" Retracement level for your entry point, or will you disregard it, or wait for it to come up to 38.2?

hey look at my ... ( 1 month ago by BrokenHeartedGirl182)

hey look at my profile k

I've been ... ( 4 weeks ago by 007380)

I've been experimenting with fibs in a similar way. I've been placing my fibs at the open, pulling them between s&r and trading accordingly after about the first hour. I will be watching more of your videos. Thanks for posting.

Very nice video. ... ( 3 weeks ago by smartforextrader)

Very nice video. Click on my account to see many free forex trading courses.

Can this work on ... ( 2 weeks ago by optiontraderfan)

Can this work on daily timeframes with indexes like qqqq?

Array ( 2 weeks ago by manolosal)

Hi,
What are the parameters for your OsMA and EMA´s?
Rgds,

50% is valid - ... ( 2 weeks ago by fxKnight)

50% is valid - statistically it typically goes to 161%.

You bet. Worked ... ( 2 weeks ago by fxKnight)

You bet. Worked like a charm to find the recent bottoms in the Dow and the S&P.

OsMA (MACD can be ... ( 2 weeks ago by fxKnight)

OsMA (MACD can be used as an alternative) is standard settings - 12,26,9. EMA is 21 applied to the close. The others are simple MAs - 50 and 200.

Possible you can ... ( 2 weeks ago by optiontraderfan)

Possible you can show an example video
using a daily timeframe on qqqq?
Or whichever index you choose?
Thanks

I doubt I'll be ... ( 1 week ago by fxKnight)

I doubt I'll be making any new videos before 2009, though will certainly keep it mind for future ones. I do a free Fib webinar on FXstreet every Friday - glad to look at charts in real-time with you. In the meantime, pull up a daily Dow chart and draw a Fib from 13131 to 10813 - you'll find that we've been ranging between the 161 and 200% extension levels for the past 3 weeks.

Actually, it was ... ( 1 week ago by fxKnight)

Actually, it was Leonardo de Pisa's - over 800 years ago. Joe's a wonderful guy (and a very good friend of mine), but he didn't invent Fibs. And I don't believe I ever claimed to have either.

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