TomHall
Education

ABCD & THREE-DRIVE EXPLAINED

FX:EURUSD   Euro / 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.
Website: http://www.UKForexSignals.com
Become an Affiliate: https://ukforexsignals.idevaffiliate.com
Instagram: http://www.Instagram.com/UK_Forex_Signals
Twitter: http://www.Twitter.com/Tom_H_Official
Facebook: http://www.Facebook.com/UKForexSignals
these both patterns are different, three drives pattern occur at the end/exhausting end of the trend.

Three drives pattern traded at point three (with a limit order), when you pit fib at (1 to A) and you see 2 is on 1.27, then this mean when you put fib at (2 to B), you will know that the reverse will be on point 3 will be 1.27. sometimes it will be 1.618.


for AB=CD pattern your numbers are wrong.. when c point retrace om 0.618, the D point will be 1.618.. I dont know you want to make people to lose or not, but just to clarify, you need to correct your info
Reply
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
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out