STD_gbpusd??? I am not familiar with this pair, but looks like you are getting the hang of it. Very nice trades!

Abcd fibo retracement trading journal

image

Abcd fibo retracement trading journal

Another reverse ABCD image

Abcd fibo retracement trading journal

Thanks for the encouraging words my friend! Glad you stopped by to share them.

Abcd fibo retracement trading journal

Patience and discipline are what makes the difference, smart is not a factor at all, all the calculations are simple mathematics and the ability to see the ABCD pattern. As far as charts less marking are better so not to confuse the issue you are ...

Abcd fibo retracement trading journal

Any touch of a price level is important, but keep in mind how I calculate the probability % of any given trade making the D. As the market makes a lower price the probability of it going higher is reduced, and likewise, if it goes higher the ...

Abcd fibo retracement trading journal

Yes, you do not have to use the reverse ABCD but I do, It gives a possible confluence to previous ABCD's and current ones. The one you are showing is the AB 100% which give the smaller pattern, I will use both the AB 50% and 100% for both D's.

Abcd fibo retracement trading journal

Reverse AB 50 and AB 100 image AB 100 sequence 2-7-2-7-2 completed, going to continue to 7? image There are things hidden in this pic and you will be VERY happy if you understand.

Abcd fibo retracement trading journal

Sequence is 2-7-2 image The market continued the sequence for a 2-7-2-7 and is attempting to make another 2. image

Abcd fibo retracement trading journal

As a tip, I would not plot a A to B boundary with a 2 bar turn bar formation, unless, it is over 30 pips or it is an engulfing bar formation. This pic is a good example of not taking the 1st 2 bars, this is a 3 bar A to B. image

Abcd fibo retracement trading journal

In my examples above I plotted 3 fibs, in wave analysis the 4th wave would be a correction, so you could easily expect it to retrace back to the A of the current wave or even the previous wave.

Abcd fibo retracement trading journal

Something to consider; you do not have to plot another instance of the fib if bars do not close outside the 200 or until the bars run off the right edge of the fib. image This is how I would plot it image image image

Abcd fibo retracement trading journal

You need to know where you are at in the market and what the sentiment is: Bullish or Bearish or Neutral. Where is price relative to previous A B C D, current A B C D, future A B C D. Did the market hit the current D? Fib retrace is dynamic based on ...

Abcd fibo retracement trading journal

Market is going down and there is a sharp reversal. Q: Did it hit a D price/level in the wave sequence to cause the reversal? Q: Did the market reverse and take out the A price for the future A B C D which was the previous down C?

Abcd fibo retracement trading journal

Hindsight is always 20/20, but in trading we need to make calculated risks no matter the methodology or system, for this method the basis for trades only looks for 2 different size Fibonacci ratios: A to B 50 and A to B 100. A to B 100 gives the ...

Abcd fibo retracement trading journal

These posts should be here: url ? I will answer there.

My Grid / My System

Added more longs on the drop. image

Cable Update (GBPUSD)

The second video has the meat. I believe what this guy is saying, I have had such thoughts. It makes perfect sense that the MM who really move the markets, would have some sort of back channel to every broker on the planet, and could get their book ...

Flying Dutchman