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
Website: www.UKForexSignals.com
Instagram: www.Instagram.com/UK_Forex_Signals
Instagram: www.Instagram.com/Tom_Hall_Official
Twitter: www.Twitter.com/Tom_H_Official
BandrDabis
a year ago
Thanks for this demonstration... I really apreciated..
+1 Reply
TomHall TOP BandrDabis
a year ago
No problem at all.
Reply
jordy.kroes
a year ago
the bearish ones look bullish to me and vice versa....
Reply
TomHall TOP jordy.kroes
a year ago
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.
Reply
merrill36 jordy.kroes
a year ago
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.
Reply
20813
a year ago
Thanks Mate! How about some examples with real marketdata? :)
+1 Reply
TomHall TOP 20813
a year ago
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
SmartTradingFX TomHall
a year ago
Nice clean presentation and instruction! Decent from you!
+1 Reply
bilk29
a year ago
thank you
+1 Reply
bobstar
a year ago
very interesting!
+1 Reply
Vit15 PRO
a year ago
thank you
+1 Reply
RichardChung
a year ago
hey do these patterns work for intraday and swing trading?
+1 Reply
TomHall TOP RichardChung
a year ago
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
vjland PRO
a year ago
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
a year ago
100% agree, These patterns should be implemented when having other confluence at that level.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out