TomHall
Education

3 TRADING STRATEGY'S IN ONE CHART - 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 three strategy's, should you need anymore in depth information don't hesitate to contact me.

2618 Rules Of Engagement:
1. Double top
2. Break & close below neckline / support
3. Sell at 0.618% Fibonacci Retracement

Gartley Pattern Rules Of Engagement:
1. 0.618 Retracement of the X to A leg
2. Atleast a 0.618 Retracement of A to B leg ( can't exceed A )
3. 1.272 Retracement of the B to A leg
4. Buy at the D leg ( 1.272 )

The ABCD Rules Of Engagement:
1. 0.618 Retracement of the A to B leg
2. 1.272 Retracement of the B to C leg
3. Buy at the D leg ( 1.272 )
Comment: This content is still very relevant today.
I think we have that situation on Japan 225 write now
Reply
Hey Tom. So if i want to draw these chart patterns successfully, i must first fibs and then draw according to fib ratios?
Reply
TomHall DirtyBoss
Hi,
That's correct, the patterns usually form when a correction of the overall trend is taking place.
The price must hit certain Fibonacci ratio's before they are classed as a valid pattern.
Reply
DirtyBoss TomHall
thanks for the reply, i will definitely intrigued by and will learn it from now on
+1 Reply
TomHall DirtyBoss
Feel free to message me anytime.
Reply
Good analysis !...:-)Good luck !
+1 Reply
TomHall johan.verm
Thank you.
Reply
Tom, what kind of chart/candles are these? Thanks.
+2 Reply
TomHall ClearEdgeFX
Hi,
The chart is hand made by myself to illustrate the strategy's.
I hope this helps.
+1 Reply
Thank you very much! Do you have any recommendation for learning Fibonacci Retracement online?
+1 Reply
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