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Thread: How to trade ABCD pattern successfully

  1. #21
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    ohhhhh i really hope i didn't modify anything. i downloaded the indicator 4 days ago so i think i have the last one (v6-7-13).

    for me this graph is an enigma. Am I the only one to see an abcd pattern on aud h4 with C above A ???

    The fibo tool tells me 1.054 (1.00) so maybe the korharmonicx takes all retracements till 1.00 ?

  2. #22
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    discussion in our Daily Setups discussion thread on the ABCD patterns -> Interactive Trading Setups Disscussion

  3. #23
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    I was trying abcd patterns, but it didn't work. Not sure if i did anything wrong. Does it matter which time frame to use? I trade on H1

  4. #24
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    works the same on any timeframe.
    Harmonics Tube - daily trading setups based on harmonic patterns
    Forex Harmonic Trading - Harmonic trading practical tips, tricks and hints
    AMPmonitor - harmonic and price patterns recognition Scanner that I use
    TradingArsenal Quiz project - best edu material regarding the Harmonic Patterns Trading

  5. #25
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    AB=CD Pattern

    Hi,

    I've some questions about the AB=CD pattern.

    If we considere for example the perfect AB=CD pattern, C will retrace to 0.618% of AB, giving us a PRZ defined by AB=CD and D = 161.8% of BC.

    Do we enter a trade as soon of both levels are crossed?
    Are there some tips to predict some extension of the CD leg?

    What is the profit target? Often 38.2% of A to D is too close to the entry?

    Anybody interested to define a trading plan? For example, we could set the first profit target to 38.2% or 61.8% of A to D and define a stoploss to have a 2:1 risk/reward ratio.

    Then there would be different strategies when we reach the first profit target:
    1) Close all the lots winning 2 times the risk of the trade
    2) Close one half of the trade and wait for the second part to go 2 times further. If the second target is reached, we will have a 3:1 risk/reward ratio; if not we close the trade with a 1:1 risk/reward ratio.
    3) When the first profit target is reached, we don't close any part of the trade, but we set the stoploss to breakeven and we target point A for example. If the trade is successful it can give us a 4:1 risk/reward or much more.

    With a 4:1 risk/reward ratio, we need to have only 2 winning trades in 10 trades to break even.

    Any ideas are welcome

  6. #26
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    Quote Originally Posted by dvarrin View Post
    Hi,

    I've some questions about the AB=CD pattern.

    If we considere for example the perfect AB=CD pattern, C will retrace to 0.618% of AB, giving us a PRZ defined by AB=CD and D = 161.8% of BC.

    Do we enter a trade as soon of both levels are crossed?
    Are there some tips to predict some extension of the CD leg?

    What is the profit target? Often 38.2% of A to D is too close to the entry?

    Anybody interested to define a trading plan? For example, we could set the first profit target to 38.2% or 61.8% of A to D and define a stoploss to have a 2:1 risk/reward ratio.

    Then there would be different strategies when we reach the first profit target:
    1) Close all the lots winning 2 times the risk of the trade
    2) Close one half of the trade and wait for the second part to go 2 times further. If the second target is reached, we will have a 3:1 risk/reward ratio; if not we close the trade with a 1:1 risk/reward ratio.
    3) When the first profit target is reached, we don't close any part of the trade, but we set the stoploss to breakeven and we target point A for example. If the trade is successful it can give us a 4:1 risk/reward or much more.

    With a 4:1 risk/reward ratio, we need to have only 2 winning trades in 10 trades to break even.

    Any ideas are welcome
    "Do we enter a trade as soon of both levels are crossed?
    Are there some tips to predict some extension of the CD leg?"

    my exprience tells me to at least combine it with:
    - multi-timeframe geometry
    - Supply Demand
    - stay with consistent approach (the same rules/steps all the time)
    Harmonics Tube - daily trading setups based on harmonic patterns
    Forex Harmonic Trading - Harmonic trading practical tips, tricks and hints
    AMPmonitor - harmonic and price patterns recognition Scanner that I use
    TradingArsenal Quiz project - best edu material regarding the Harmonic Patterns Trading

  7. #27
    Junior Member
    Join Date
    Mar 2014
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    1
    Hi kor

    what you mean by "multi-timeframe" geometry ?
    I'm following your all post in here and they are brilliant
    I'm a new member and have to ask you (if I may) a Lot of question

    Thanks in advance



    Quote Originally Posted by kor4x View Post
    "Do we enter a trade as soon of both levels are crossed?
    Are there some tips to predict some extension of the CD leg?"

    my exprience tells me to at least combine it with:
    - multi-timeframe geometry
    - Supply Demand
    - stay with consistent approach (the same rules/steps all the time)

  8. #28
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    Fairly New to ABCD Trading but loving my results so Fair here is a useful free indicator I use ABCD Retracement Metatrader (MT4/MT5) Indicator. I just trade with support and resistance levels as opposed to Fib levels, I know thats not a purist but it seems to work for me. 2014-05-03_1149 - njodogg's library

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