TomHall

ABCD & THREE-DRIVE EXPLAINED

FX:EURUSD   Euro Fx/U.S. Dollar
Hi Traders,

Please find below three basic trading strategy's that can be implemented to any market on a daily basis.

I have only given out basic information on the ratio's and fibonacci's of the two strategy's, should you need anymore in depth information don't hesitate to contact me.

ABCD Rules Of Engagement:
1. Point C must retrace to a 0.618 of the A - B move
2. Point D must be a 1.272 projection of the B - C move
3. Buy/Sell at the D leg completion.

Three -Drive Rules Of Engagement:
1. Point A should be the 0.618 retracement of drive 1
2 Point B should be the 0.618 retracement of drive 2
3. Drive 3 should be the 1.272 extension of the B correction
Comment: This simple content is still something I implement in my trading plan.
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Thanks for this demonstration... I really apreciated..
+2 Reply
TomHall TOP BandrDabis
No problem at all.
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the bearish ones look bullish to me and vice versa....
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TomHall TOP jordy.kroes
If for example you have a bullish channel, you are looking to get short at the top of the channel which is why you look for a D leg completion and a 1.272 projection before getting short.
I hope that helps a little more.
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merrill36 jordy.kroes
The ABCD is basically a four legged Elliot wave, so you would expect the fifth leg to correct the previous extension. These golden ratios are just nice because they can confirm the accuracy of the wave.
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Thanks Mate! How about some examples with real marketdata? :)
+1 Reply
These basic setups are aimed at new traders.
Sometimes excessive lines and candles sticks can be confusing to a new trader,
which is why they have been drawn as opposed to placed on a live chart.
+1 Reply
Nice clean presentation and instruction! Decent from you!
+1 Reply
thank you
+1 Reply
very interesting!
+1 Reply
thank you
+1 Reply
hey do these patterns work for intraday and swing trading?
+1 Reply
TomHall TOP RichardChung
They certainly can yes.
I would advice you to begin trading on a demo account before implementing any strategy into your trade plan.
+1 Reply
good stuff.
+1 Reply
Never used these patterns to trade but use them as a way to provide additional evidence to support my case for entry....
Thanks for that....I wasnt sure where you would place targets for these sorts of patterns
Cheers
+1 Reply
TomHall TOP anthony.pham00
100% agree, These patterns should be implemented when having other confluence at that level.
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Hi Tom

Just I am asking about the 0,618 and 1-272 is constant ..... from where you get it
+1 Reply
@AMAM, I will be going through some more in depth content very soon.
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AMAM TomHall
Thanks a lot
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Hi Tom,

Great stuff as usual:)
Looks by measurements its a valid three drive bearish.. What is your thoughts on this one:) ?
snapshot
+1 Reply
TomHall TOP Rimvydas
@Rimvydas, Thanks very much.
Looks good to me.
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Thanks , bro
+1 Reply
TomHall TOP BerkTurker79
@BerkTurker79, My pleasure.
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good job mate sharing the educational stuffs....
+1 Reply
TomHall TOP investwisely2016
@investwisely2016, Thanks very much.
Have a great weekend.
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Hi Tom hope you're having a great weekend, the candle close on these points play any importance to these rules at all.
+1 Reply
@pawit11, Hi, I am thank you.
Candles for me are not important.
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when you say 0.618 does it mean 61.8% of the rise in price from point A to point B?
etc etc?
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TomHall TOP aryahi29
@aryahi29, That's correct :-)
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@TomHall, thanku Tom, what are the numbers on the y-axis
how could i get them on my chart is it necessary?
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thank you sir
+1 Reply
TomHall TOP MubashirAhmad
@MubashirAhmad, My pleasure :-)
Reply
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