Trading is as simple as ABCD | Page 542 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Gartley/bat/crab/butterfly/abcd/three Drives Pattern Indicator Help 50 replies

Abcd fibo retracement trading journal 109 replies

ABCD - My way 122 replies

ABCD Fibo 82 replies

abcd patterns 1 reply

Attachments: Trading is as simple as ABCD
Exit Attachments

Trading is as simple as ABCD

  • #10,821
  • Edited 10:51am Dec 20, 2016 4:51am | Edited 10:51am
Quoting MidnightRun
{quote} Bernardi, Somehow I dont get the rules, namely when do you start drawing the ABCD legs. The trade shown in your charts: how can you draw a trendline (5M leg) before the trades as shown in your 1m chart where you marked the entries with each colour change? Thanks.
I draw the ABCD Leg when the MA Color changes, because that means C is formed, and Price is about to reach D. When you have C, it is easy to draw the ABCD Pattern: (remember, the angle of the MA has to be strong)

UJ today:
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-12-20 at 11.38.07.png Size: 81 KB



In case you are wondering about the Example and the much bigger ABCD leg, i ignored the color change of the first leg, because the Trendline was too flat, and the retrace was very shallow, so i waited for a stronger retrace with a bigger MA Angle (orange lines). You can also be more conservative and rely on the MA Color (pink lines), like this:

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-12-20 at 11.50.19.png Size: 159 KB


Of course, i am always relying on the Color change on the 1m timeframe, but sometimes pick bigger ABCD Legs on the 5m timeframe, because that is the direction that i will trade on 1m
  • #10,822
  • Edited 10:50am Dec 20, 2016 5:06am | Edited 10:50am
And we Just had a very common Completion on UJ right before D as i was writing the previous post:

Setting for example for that Trade was ATR7: 3 + spread 2 = 5pips SL, TP is right before D, in this Case 15 pips, makes 300% Profit

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-12-20 at 12.03.07.png Size: 81 KB


Like the creator of this Thread said so well, master ABCD, and you have mastered Forex
  • #10,823
  • Dec 20, 2016 12:04pm Dec 20, 2016 12:04pm
Quoting Bernardi
And we Just had a very common Completion on UJ right before D as i was writing the previous post: Setting for example for that Trade was ATR7: 3 + spread 2 = 5pips SL, TP is right before D, in this Case 15 pips, makes 300% Profit {image} Like the creator of this Thread said so well, master ABCD, and you have mastered Forex
Hi Bernardi

Great post and good to see you are having such success with the good old ABCD .....

I like your spin on it with following the 5min ABCDs on the 1 min chart, bit like following the 50lwma on the 1 min and whenever its crossed start trading the 1 min 10lwma turns, too simple for most my friend, far too simple..

It works because its the way the market moves, someone invests then banks and invests and banks again, its the same old story no matter what timeframe you look at.

As my good friend Bernardi says "Master the ABCD move and you have mastered trading"

End of story and a good note for the thread to end on...
Feel the Fear and do it anyway!!!
  • #10,824
  • Dec 20, 2016 12:08pm Dec 20, 2016 12:08pm
Welcome clivepackham! Say, you are now trading as well as on a system?
  • #10,825
  • Dec 22, 2016 1:53am Dec 22, 2016 1:53am
Quoting clivepackham
{quote} Hi Bernardi Great post and good to see you are having such success with the good old ABCD ..... I like your spin on it with following the 5min ABCDs on the 1 min chart, bit like following the 50lwma on the 1 min and whenever its crossed start trading the 1 min 10lwma turns, too simple for most my friend, far too simple.. It works because its the way the market moves, someone invests then banks and invests and banks again, its the same old story no matter what timeframe you look at. As my good friend Bernardi says "Master the ABCD move and...
Clive you old dog!! Thought the government chucked you out with Brexit! Good to see you're alive and kicking.
Hope you have an awesome x-mas and a stunning 2017

Rgds
Pieter
  • #10,826
  • Dec 22, 2016 10:30am Dec 22, 2016 10:30am
Hello guys! I have went through some pages of this thread but didn't find any downloads. Could you support me with your indicators? It's amazing how simple it is. Perfect way to trade UJ and DAX on 1 minute. Looking forward to try it out.
  • #10,827
  • Dec 30, 2016 5:49am Dec 30, 2016 5:49am
Quoting krysus
Hello guys! I have went through some pages of this thread but didn't find any downloads. Could you support me with your indicators? It's amazing how simple it is. Perfect way to trade UJ and DAX on 1 minute. Looking forward to try it out.
Not sure what you are searching for, but there is all you need in the file attachements tab, click on that:

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-12-30 at 12.45.10.png Size: 80 KB


Ma in Color for example is the 35/175 LMWA if you want to use the original system, which is really good and simple. Me personally, that is the only indicator i use
  • #10,828
  • Dec 30, 2016 9:44am Dec 30, 2016 9:44am
Hi Bernard

I am having trouble locating the MA in Color indicator that will allow me to place the 35/175 LMWA. Here is what I have and I have downloaded several from here and they are all the same. Please tell me what I am doing wrong. Thanks
Attached Image
True Grit!
  • #10,829
  • Dec 30, 2016 9:50am Dec 30, 2016 9:50am
Attached File(s)
File Type: ex4 MA_In_Color.ex4   10 KB | 490 downloads
Galatians VI As you sow so shall you reap.
  • #10,830
  • Dec 30, 2016 9:53am Dec 30, 2016 9:53am
Hi Hards, A few posts to check. 8,891. 8,898. 8,899. 9,001. links to indies and template. 9,732. Update by Clive. 8,353. Entries by Clive. 10,220. MA In Color above. Hope this helps.
Galatians VI As you sow so shall you reap.
  • #10,831
  • Dec 30, 2016 9:59am Dec 30, 2016 9:59am
Hi Hards, have read your post again, you need two ma's one 35 and the other 175 or whatever you want to set them at.
I use different colors, easy to confuse myself!! Your setting above is ok for the 35.
Galatians VI As you sow so shall you reap.
  • #10,832
  • Dec 30, 2016 10:02am Dec 30, 2016 10:02am
Hi Thomond,

The one you attached is the one I have and have shown above. I will check out the Threads you referred to. Do you place the 35/175 LMWA in the indicator you just posted above?

I think I must be stupid....HA!

Thanks for your help, Man!
True Grit!
  • #10,833
  • Dec 30, 2016 10:08am Dec 30, 2016 10:08am
Quoting hards
Hi Thomond, The one you attached is the one I have and have shown above. I will check out the Threads you referred to. Do you place the 35/175 LMWA in the indicator you just posted above? I think I must be stupid....HA! Thanks for your help, Man!
Did you understand that you have to insert the indicator 2 times on the same chart, once for 35 and a separate one for the 175? Maybe that confused you
  • #10,834
  • Dec 30, 2016 10:09am Dec 30, 2016 10:09am
Quoting hards
Hi Thomond, The one you attached is the one I have and have shown above. I will check out the Threads you referred to. Do you place the 35/175 LMWA in the indicator you just posted above? I think I must be stupid....HA! Thanks for your help, Man!
hards - you add the indicator twice to the chart.... once with 35, the 2nd copy with 175
  • #10,835
  • Dec 30, 2016 10:33am Dec 30, 2016 10:33am
Ha ha ha ha ha....well guess what.....No I didn't understand that. Told you I was rather brain dead....Thanks

I will re-read the posts to check. 8,891. 8,898. 8,899. 9,001. links to indies and template. 9,732. Update by Clive. 8,353. Entries by Clive. 10,220

Hope you guys have a terrific new year!
True Grit!
  • #10,836
  • Dec 30, 2016 10:40am Dec 30, 2016 10:40am
Wishing a Happy, Healthy and a Prosperous New Year to all.
Hi Pad hope you are keeping well.
Galatians VI As you sow so shall you reap.
  • #10,837
  • Dec 30, 2016 10:47am Dec 30, 2016 10:47am
Quoting Bernardi
And we Just had a very common Completion on UJ right before D as i was writing the previous post: Setting for example for that Trade was ATR7: 3 + spread 2 = 5pips SL, TP is right before D, in this Case 15 pips, makes 300% Profit {image} Like the creator of this Thread said so well, master ABCD, and you have mastered Forex
What is your Ma Set for Bernardi? Thanks
True Grit!
  • #10,838
  • Dec 30, 2016 11:32am Dec 30, 2016 11:32am
Quoting hards
{quote} What is your Ma Set for Bernardi? Thanks
I use the 35 linear wighted MA, on your picture a few posts above, you had the same settings, that should do the trick
  • #10,839
  • Dec 30, 2016 1:14pm Dec 30, 2016 1:14pm
Okay, thanks a lot!
True Grit!
  • #10,840
  • Dec 30, 2016 2:48pm Dec 30, 2016 2:48pm
This group of traders is exceptional in regard to helping out and sharing information. You guys are the best!

Are there any Long Term Trend Traders here; Daily & 4hr Charts?
True Grit!
1 trader viewing now