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Thread: How to trade ABCD pattern successfully

  1. #11
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    I mean price to stall and reverse. UsuaItaly a small push in price showing the reverse. Some people call it the terminal price bar.

  2. #12
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    No, I do not wait for any lagging confirmations, like for example specific reversal candlestick formations, you ask about. I do not use lagging indicators / confirmations. I prefer to enter couple of times, trying to catch the very, very bottom or top,... but with very small precise SL.
    Waiting for a reversal candlestick pattern to form would mean entering late, not optimal, accepting bigger StopLoss, and this is not my style.

  3. #13
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    So you would rather enter two times with a 15 pip stop loss than one time with a 30 pip stop?

  4. #14
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    that's correct. that's my style. But of course there are traders that like to wait for "a confirmation", their style. I have several secret reasons not to do it ;-)

  5. #15
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    One day I would like to hear those reasons .:-).
    The only difficulty i can see is that your stop gets taken out and price turns before you get chance to reenter the trade .

  6. #16
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    true, valid point, happens, but focus on Pros not Cons :-)

  7. #17
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    1. for gbpusd it had disapeared from my platform :-( i can't check that now. the problem is that i'm reading on the graph I posted the levels for abcd bearish cd = Ab, cd =1.27ab or cd= 1.618ab, so i believed that it was an abcd....

    2. for the audusd, i agree that there are other patterns on the graph : there is a 121 and 2 abcd. i've changed the colours, but as i undestand according to korharmonics it's an abcd pattern.
    please see the dodger blue lines and you can also see the abcd pattern levels (ab= cd, 1.27....). for me it's an abcd so please ....
    How to trade ABCD pattern successfully-abcd-aud.png

    3. i can't understand your answer. i undestand that it is a confluence but i'm reading that point D is 1.27 or 1.618 but from what? AB or BC? or both ?


    thx and yes u helped me a lot

  8. #18
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    @winner korHarmonics draws them correctly, so it's better you check again.
    ad3. play with different measurements to find your D point. In the PRZ thread there were presented couple of Fibonacci measurements. You choose the ones you want to apply.
    btw: it's shows on the first post diagram that it's 127 161.8 of BC external retracement.

  9. #19
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    i'm posting all the graph. I checked that again and i don't understand.

    How to trade ABCD pattern successfully-audusd.jpg

    i'm sure korharmonics draws that good i'm just asking for some help to see where i'm wrong

    thx

  10. #20
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    sorry, i do not remember where these lines come from, but when you use the Fibo tool in MT4 you can easily check what is what.
    I pointed you before how the pattern should look.
    BTW: not sure which version you use, seems like after some modifications as I see the korHarmonics info in the left bottom corner is removed. You maybe better take the latest version from this forum.

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