Examples of applying the ABCD pattern on the 5min chart of the GBP/JPY pair throughout the trading day (non-news).
Duration : 0:10:49
24 Users Responded in " Daytrading the ABCD Fibonacci Pattern (Forex Trading) "
TEEBOOLOO
i can´t see …
i can´t see anything, only millions of lines ….
October 12th, 2008
smartforextrader
I have a collection …
I have a collection of forex autopilot trading videos. Have used myself and found them very profitable. Just want to share with you. Click on my account to see the videos.
October 12th, 2008
fxKnight
Not sure… never …
Not sure… never traded or studied with him.
October 12th, 2008
ZiggyHungga
Mark Douglas uses …
Mark Douglas uses this pattern, doesn’t he?
October 12th, 2008
fxKnight
Thanks… glad you …
Thanks… glad you find it helpful. We’ve made improvements to the chart since then, and hope to make more videos available soon (back then I was testing several systems against one another - hence the mess).
October 12th, 2008
fxKnight
Stochs and RSI are …
Stochs and RSI are from the same group (oscillators), so essentially tell yo the same thing. MACD is good, it is from the other (trend-following group). For more info, please see our website, and click on Trading Academy (free).
October 12th, 2008
bosoko
Can you tell me …
Can you tell me what indicators u use
I am currently testing out Fibonacci, and use stochs, RSI, I will try to add MACD histogram
October 12th, 2008
lexovirus
Oh… sorry. I …
Oh… sorry. I forgot to comment about the system. very useful! it took me to a higher level. 5 stars! never mind the chart. 
October 12th, 2008
fxKnight
Agree… but, hey, …
Agree… but, hey, I was going for profits and not looks.
October 12th, 2008
lexovirus
Messy chart
Messy chart
October 12th, 2008
fxKnight
Have a peek at our …
Have a peek at our site, click on FX Forum, click on the Systems & Strategies category, and then the first Fibonacci topic thread you see at the top. As I said previously, don’t rely on ONLY Fibs, though - using multiple timeframes can give you a sense of direction, and other indicators can help confirm/fine-tune the exact entry.
October 12th, 2008
fxKnight
Kinda hard to trade …
Kinda hard to trade & make videos simultaneously, granted - however each trade I share was one I actually took live. No one’s advocating using ONLY Fibs - but kinda hard to squeeze an entire trading methodology into 10 minutes or less. More videos coming soon, promise.
October 12th, 2008
mczoni
Hi mr. fxknight, i …
Hi mr. fxknight, i am confused on the fibo number such as 23.6%, 38.2%, 50%, 61.8% and 100%. The problem is I don’t know when and what is the direction (sell/buy) to entry according to the fibo numbers. Please help me.
October 12th, 2008
SIDNEYHOYLE2001
don’t be to upset …
don’t be to upset with your selves folks, and don’t buy into this B.S. don’t get me wrong if used correctly fib’s are extremely useful but he is not trading live!!!! so of course its easy to say all his trades are were successful. watch the video again and you can see him moving the chart as if it were live then acts pleasantly surprised that it moved in his favor. of course it did he already saw it and knew where to place the Fib’s
October 12th, 2008
fxKnight
Thanks! Using …
Thanks! Using multiple timeframes can help the up/down question for you. As for which indicators are best in which situations, that topic could fill a book (I’m working on one); in the meantime, please visit our FX Forum and search for “10 Lessons”.
October 12th, 2008
famoussoftguru
FxKnight, love your …
FxKnight, love your strategy, very simple to understand, quick question, how do you know that you have to go bear or bull, what otther indicator do you use in conjuction with this Fib that tells you that you are looking at at Bull or a bear market, thanks
October 12th, 2008
fxKnight
I’m glad it’s …
I’m glad it’s working for you! practice makes perfect. Stop by our website sometime - we have more free videos, free chat, free streaming forex TV, and more!
October 12th, 2008
sobhiah
Mr.fxKnight i salut …
Mr.fxKnight i salut you and wanna tell you that you have got it man, and you are doing it the right way wich i believe is the simple way. wanna learn more from a man like you, thank you and god bless you for sharing…
October 12th, 2008
fxKnight
Some of the time. …
Some of the time. The important thing (for this system) is not the time frame (it scales to all(), but that your longer and shorter term time frames be a factor of 5 apart, or close to it. If I’m trading the 5min, then I’ll look to the 30min to make the strategic decision to be a bull or bear that day, then I’ll look to the 5min for tactical entries. If I’m watching the 15min, then I zoom out to the hourly. If trading on the Daily chart, I’ll use the Weekly.
October 12th, 2008
simkelly008
Another nice video …
Another nice video BK! Is the 5 min. chart your main chart when using fibs for daytrading?
October 12th, 2008
fxKnight
Thank you… will …
Thank you… will post some more when time permits.
October 12th, 2008
roots56
You are a GOD send …
You are a GOD send my friend…and I mean that
October 12th, 2008
jnevins
Clear, compelling …
Clear, compelling demonstration of the power of phi.
October 12th, 2008
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No problem… it …
Charts on new videos will be cleaner, promise.
No problem… it comes with practice.
October 12th, 2008