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25 Comments on “Daytrading the ABCD Fibonacci Pattern (Forex Trading)”

1. manolosal
   November 2nd, 2008 at 5:51 pm

   Hi,

   What are the parameters for your OsMA and EMA´s?

   Rgds,

2. fxKnight
   November 4th, 2008 at 7:33 pm

   50% is valid – statistically it typically goes to 161%.

3. fxKnight
   November 4th, 2008 at 7:34 pm

   You bet. Worked like a charm to find the recent bottoms in the Dow and the S&P.

4. fxKnight
   November 4th, 2008 at 7:35 pm

   OsMA (MACD can be used as an alternative) is standard settings – 12,26,9. EMA is 21 applied to the close. The others are simple MAs – 50 and 200.

5. optiontraderfan
   November 6th, 2008 at 8:33 pm

   Possible you can show an example video
   using a daily timeframe on qqqq?
   Or whichever index you choose?
   Thanks

6. fxKnight
   November 7th, 2008 at 3:53 pm

   I doubt I’ll be making any new videos before 2009, though will certainly keep it mind for future ones. I do a free Fib webinar on FXstreet every Friday – glad to look at charts in real-time with you. In the meantime, pull up a daily Dow chart and draw a Fib from 13131 to 10813 – you’ll find that we’ve been ranging between the 161 and 200% extension levels for the past 3 weeks.

7. aroon88
   November 10th, 2008 at 8:51 am

   Is this a Fibonacci Expansion ?

   This is Joe Dinapoli’s idea.

   Not yours.

8. fxKnight
   November 13th, 2008 at 4:00 am

   Actually, it was Leonardo de Pisa’s – over 800 years ago. Joe’s a wonderful guy (and a very good friend of mine), but he didn’t invent Fibs. And I don’t believe I ever claimed to have either.

9. Codex1
   December 16th, 2008 at 1:35 am

   I hate to rain on the parade here..I like what you are trying to do..I just have 1 little problem.
   That wasn’t live trading data, you can go into historical data and say “this would have worked here” and “It worked here too” but there will always be a roughly equal number of examples where it doesn’t work. I will say though that since markets are fractal fibbo and Elliot waves do work, but they are no magic bullet. Chinkou span is a more reliable measure of S/R in my opinion.

10. nicnatnattle
    January 5th, 2009 at 1:03 pm

    thanks for your great vids –so helpful
    one thing im stuggling with is finding the point “a”s to start my trades from
    have always traded indices till now but finding opening times of fx more suitable

    great vids and thanks

11. CheapNPoor
    January 11th, 2009 at 9:53 pm

    Where exactly do you enter the trade?
    You only know point C after it has dropped, so do you enter after it dropped or wait for it come back up?

12. fxKnight
    January 14th, 2009 at 3:02 pm

    That’s right – you see C best in hindsight, but usually there are still more than enough pips left on the way to D. it is nto about nailing exact tops and bottoms (a gabler’s game) but rather about getting the safe 90% of the pips in-between.

13. atomi50
    January 22nd, 2009 at 9:20 am

    dude your videos are amazing ,the best tutorial videos on youtube!

    Keep making more!

14. smartforextrader
    January 30th, 2009 at 4:49 am

    Thanks for Very nice video. Click on my account to see other free forex training courses!!!!!!!!

15. miklamx
    February 20th, 2009 at 12:14 am

    Look at your momentum indicator at that point

16. enohp660
    February 21st, 2009 at 10:32 am

    Great videos? My question is, how do you determine when the overall day is going to be a down day without the benefit of any market moving news?

17. wwwForexsigcom
    February 22nd, 2009 at 1:59 pm

    Great info here, this strategy seems effective.

18. crgshell
    March 14th, 2009 at 2:25 am

    I’m not clear as to what criteria you use to find point A and B ?
    other than an arbitrary decision based on the chart??
    as I m just now trying to learn how Fibonacci works maybe I’m missing something??

19. BumpinMe
    March 21st, 2009 at 12:28 pm

    This info is great!!!

20. robotstradingforex
    March 31st, 2009 at 9:04 am

    Wow, good video!

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21. sparklysparks77
    April 10th, 2009 at 4:24 pm

    Hi, you may want to check this site, there is a series of Andrei’s webinars videos (the 3rd of which is coming out soon) but I believe you need to log in to attend the webinars, not so to watch the videos. Let me see if youtube allows the links. If so just remove the spaces. Finding the right points isn’t very easy BTW but practice makes perfect! Good luck…

    forexpros . com / live-events / transcripts/2

22. sparklysparks77
    April 10th, 2009 at 4:34 pm

    There are indicators to show you the overall trend of the market on a daily basis. Also, Andrei is suggesting here to trade the European market. The American market is, IMHO, the most difficult to trade using smaller time frames because of the news. A very basic indicator is the 10 period simple moving average of the close to determine the daily trend, along with, say, 21 RSI. But there are many other more complex (and effective) ways to determine the trend. Hope that helped.

23. TRADINGSUPPORT
    April 13th, 2009 at 1:32 pm

    professional solutions for institutional and privat traders are on

    trading-pc (.) com

24. dell1972
    April 23rd, 2009 at 6:56 pm

    Do you have current videos?

25. matt6123466
    April 24th, 2009 at 2:16 am

    down down down down, that’s what i like to see!

    funny. good video man.

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