TomHall
Education

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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thank you sir
+1 Reply
TomHall TOP MubashirAhmad
@MubashirAhmad, My pleasure :-)
Reply
when you say 0.618 does it mean 61.8% of the rise in price from point A to point B?
etc etc?
Reply
TomHall TOP aryahi29
@aryahi29, That's correct :-)
Reply
@TomHall, thanku Tom, what are the numbers on the y-axis
how could i get them on my chart is it necessary?
Reply
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.
Reply
good job mate sharing the educational stuffs....
+1 Reply
TomHall TOP investwisely2016
@investwisely2016, Thanks very much.
Have a great weekend.
Reply
Thanks , bro
+1 Reply
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