From the 5M - bizarre
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DislikedHi 9er, thanks for starting this thread which is informative. Had learned of ABCD when I started forex a few years ago but never get to use it. Thanks for showing how and guiding us through each step today. I was looking at the 1H B to C and drawing a fibo noted that the candle got rejected before 1.618. Is this also one of the reasons it got rejected and going down. also if you look to the left, there is a supply/demand level which is in confluence with this rejection. Could there be a reversal soon? Pls excuse the painted long rectangles.
regards...Ignored
DislikedI'll try to answer but I hope 9er or Mr Pip will verify my answer.
You don't draw fib from B to C. You draw from A to B. Then the C leg retraces between 38 and 78, and your D leg projection is between the 1.27 or 1.62 fib extention of ABIgnored
DislikedI'll try to answer but I hope 9er or Mr Pip will verify my answer.
You don't draw fib from B to C. You draw from A to B. Then the C leg retraces between 38 and 78, and your D leg projection is between the 1.27 or 1.62 fib extention of ABIgnored
DislikedI'll try to answer but I hope 9er or Mr Pip will verify my answer.
You don't draw fib from B to C. You draw from A to B. Then the C leg retraces between 38 and 78, and your D leg projection is between the 1.27 or 1.62 fib extention of ABIgnored
DislikedBarry - apologize for missing this, but you absolutley should be drawing your Fib from B to C. This gives you your potential target area.
Does this clarify?Ignored
DislikedMr Pip - drawing extension of A to B is great, but please post an example. I ALWAYS draw from B to C - ALWAYS have and it is pretty damn accurate with your target area.
Read the Gartley info I posted - I'll attach it here refer to page 3
Taken from Gartley: The next leg is where the math begins [B to C]. The B to C leg is the important leg to check the math on.Ignored
DislikedMr Pip - drawing extension of A to B is great, but please post an example. I ALWAYS draw from B to C - ALWAYS have and it is pretty damn accurate with your target area.
Read the Gartley info I posted - I'll attach it here refer to page 3
Taken from Gartley: The next leg is where the math begins [B to C]. The B to C leg is the important leg to check the math on.Ignored
DislikedI feel good with this method & style. I want to learn more from you 9er, try to adopt your style, demo and demo it until it becomes my natural trading style. Sorry for my bad English and thank you for your lesson 9er.
Just demo this method. A nice little pip for first time use..cheersIgnored