my advice: if you trade pure ABCD look for time and price symetry in AB and CD. Check the Gartley section where AB=CD concept is presented.
Hey Kor do you have anymore of those 113.0 fib butterfly entries?
Last edited by Luzonxzy; 07-18-2012 at 01:38 AM.
you have already Buy positions although pattern did not form yet?
yes, most of things are easy when you master them :-) good luck!
I enter my ABCD pattern trades at the 1.27 fib ext of AB. Its the most effect entry point based on my testing. Most of the time your will miss the trade by waiting for the perfect AB = CD move. And thanks. I'm really enjoying trading.
in some free moment please put a diagram of an ABCD marking your typical entry, SL, TP.
also if you could mention about the confirmations you use for it.
Sure. I'll put that together in a bit. But I have to step out for a while. It post it as soon as I can.