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Abcd fibo retracement trading journal

  • #81
  • Edited 10:48am Jan 17, 2023 10:31am | Edited 10:48am
Quoting tonyb123
{quote} 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.
AB 100 sequence 2-7-2-7-2 completed, going to continue to 7? YES
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  • #82
  • Edited 8:41am Jan 18, 2023 2:51am | Edited 8:41am
Of course, it was possible not to use the reverse ABCD. But for a correct understanding (reversal & sequence), I will analyze based on it for now. It is still difficult to understand
Update = hit the target
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  • #83
  • Jan 18, 2023 8:45am Jan 18, 2023 8:45am
Quoting RaHaG0D
Of course, it was possible not to use the reverse ABCD. But for a correct understanding (reversal & sequence), I will analyze based on it for now. It is still difficult to understand Update = hit the target {image}
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.
MY GRID. Markets are NOT random.
  • #84
  • Jan 18, 2023 11:54pm Jan 18, 2023 11:54pm
Quoting tonyb123
{quote} 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.
It's interesting that you say that you also use reverse in this wave
Bc I only used it for practice & didn't include 50%. & more of the simple method than the reverse
This means that I still didn't understand the points.
I didn't believe that EuroUsd 4H would make a sharp move towards 70 in the bar that I considered. It was very interesting & enjoyable to see.
Everything is available to understand & it is I who must try. Now however much time is needed. It is definitely worth it. The answer to my questions for years is here
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  • #85
  • Jan 19, 2023 2:52am Jan 19, 2023 2:52am
A very simple question
Most of the time, Price ( C ) is between 2 lines of Fibo (reverse or simple ABCD). What is the correct way to read Fibo sequence? Close is more important? Should I read 2-7-2 or 1-6-1?
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  • #86
  • Edited 5:23am Jan 19, 2023 4:26am | Edited 5:23am
Quoting RaHaG0D
I really can't understand these uncorrected sharp waves & can't consider the entry point for it. I think it can be interpreted this way.(The default is that the wave does not want to modify & build a suitable LOW) . Of course, if I have understood this wave correctly so far {image}
Now I can draw this wave properly. In the correction candle that we have after Engulf, I can also draw Fibo.
Even if the entry position is lost, the market again had a good correction after hitting D, so that I can draw Fibo there & enter again.
Now that I know a little about the proportions, I can calmly wait for the first wave, which I know where it ends, to finish & enter the correction, even if I have missed the entry point.
Before, I had no idea where the waves could end
Proportions are the secret of everything
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  • #87
  • Jan 19, 2023 5:24am Jan 19, 2023 5:24am
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  • #88
  • Jan 19, 2023 7:40am Jan 19, 2023 7:40am
Quoting RaHaG0D
A very simple question Most of the time, Price ( C ) is between 2 lines of Fibo (reverse or simple ABCD). What is the correct way to read Fibo sequence? Close is more important? Should I read 2-7-2 or 1-6-1? {image}
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 probability of it going lower is reduced. Unless the trend has changed at that price.
MY GRID. Markets are NOT random.
  • #89
  • Jan 19, 2023 8:13am Jan 19, 2023 8:13am
Quoting tonyb123
{quote} 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 probability of it going lower is reduced. Unless the trend has changed at that price.
These days, I wish I had all your years of experience & knowledge, but I know that this experience has been gained through years of hard work. I must be patient. I am not a very smart person, but I always defeat my intelligence by trying hard . I know my charts are very incomplete, but they are not bad for a start. I will draw & calculate your chart so much that I understand it completely
As always, thank you very much for taking the time to reply
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  • #90
  • Jan 19, 2023 8:25am Jan 19, 2023 8:25am
Quoting RaHaG0D
{quote} These days, I wish I had all your years of experience & knowledge, but I know that this experience has been gained through years of hard work. I must be patient. I am not a very smart person, but I always defeat my intelligence by trying hard . I know my charts are very incomplete, but they are not bad for a start. I will draw & calculate your chart so much that I understand it completely As always, thank you very much for taking the time to reply...
Dear RaHaG0D,

You spotted Tonyb123, and your questions have the quality + curiosity quality that is needed to unleash all the other necessary tools, steps, skills = you are a much brighter mind than you think, I assure you!!! So just keep on doing exactly what you are doing !

I am sending you a ton of encouragement straight from the heart.

P.S Cheers Tonyb123, still love your shares!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #91
  • Jan 19, 2023 8:39am Jan 19, 2023 8:39am
Quoting RaHaG0D
{quote} These days, I wish I had all your years of experience & knowledge, but I know that this experience has been gained through years of hard work. I must be patient. I am not a very smart person, but I always defeat my intelligence by trying hard . I know my charts are very incomplete, but they are not bad for a start. I will draw & calculate your chart so much that I understand it completely As always, thank you very much for taking the time to reply...
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 trying to solve, but marking them is important to Identify past, present and future price movements.
MY GRID. Markets are NOT random.
  • #92
  • Jan 19, 2023 8:41am Jan 19, 2023 8:41am
Quoting mtako
{quote} Dear RaHaG0D, You spotted Tonyb123, and your questions have the quality + curiosity quality that is needed to unleash all the other necessary tools, steps, skills = you are a much brighter mind than you think, I assure you!!! So just keep on doing exactly what you are doing ! I am sending you a ton of encouragement straight from the heart. P.S Cheers Tonyb123, still love your shares!
Thanks for the encouraging words my friend! Glad you stopped by to share them.
MY GRID. Markets are NOT random.
  • #93
  • Jan 19, 2023 8:43am Jan 19, 2023 8:43am
Another reverse ABCD
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MY GRID. Markets are NOT random.
  • #94
  • Jan 19, 2023 9:17am Jan 19, 2023 9:17am
Quoting mtako
{quote} Dear RaHaG0D, You spotted Tonyb123, and your questions have the quality + curiosity quality that is needed to unleash all the other necessary tools, steps, skills = you are a much brighter mind than you think, I assure you!!! So just keep on doing exactly what you are doing ! I am sending you a ton of encouragement straight from the heart. P.S Cheers Tonyb123, still love your shares!
Hello my dear friend
You are very kind & I am very happy with your beautiful words
Tony is very kind to me .I ask him questions here & in private messages, he always answers kindly. He asked me a question to solve. A subject I had requested before. But I still don't fully understand, but I will continue
There is nothing wrong with being kind & loving to each other
  • #95
  • Jan 19, 2023 9:26am Jan 19, 2023 9:26am
Quoting tonyb123
{quote} 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 trying to solve, but marking them is important to Identify past, present and future price movements.
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  • #96
  • Jan 19, 2023 12:05pm Jan 19, 2023 12:05pm
Quoting tonyb123
Another reverse ABCD{image}
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MY GRID. Markets are NOT random.
  • #97
  • Jan 19, 2023 12:46pm Jan 19, 2023 12:46pm
At first, I had a target for 50, but it only went up as much as the correction (0). I took the opposite position
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  • #98
  • Jan 19, 2023 1:00pm Jan 19, 2023 1:00pm
Quoting RaHaG0D
At first, I had a target for 50, but it only went up as much as the correction (0). I took the opposite position {image} {image}
STD_gbpusd??? I am not familiar with this pair, but looks like you are getting the hang of it. Very nice trades!
MY GRID. Markets are NOT random.
  • #99
  • Jan 19, 2023 1:19pm Jan 19, 2023 1:19pm
Quoting tonyb123
{quote} STD_gbpusd??? I am not familiar with this pair, but looks like you are getting the hang of it. Very nice trades!
It's gbpuusd. I am using the simulator program. I brought the 2015 chart to practice until 2023. Bc I don't have the answer in a chart like before, I can increase my decision-making power & analyze better. It is not a real account. When I can reach the level of a master in this way, I will change my work system then
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  • #100
  • Edited 3:01pm Jan 19, 2023 2:37pm | Edited 3:01pm
One of the main themes of this style is creativity. True creativity of course. One of the points that I saw that is similar to the reverse was to look at the level of the previous wave in the new trend
It was a small wave that I expected the market to return after the price hit it, but the price continued to fall with a big candle until I saw good return candles. I also analyzed that wave. I should pay more attention to these types of waves
I post a lot, I hope it won't be boring

“I love those who yearn for the impossible.” Johann Wolfgang von Goethe
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