TomHall

3 TRADING STRATEGY'S IN ONE CHART - 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 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 )
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MaryJane
a year ago
thx for sharing..i wrote also some educating things today..if you are interested..have a look @
Introduction into 1-2-3 Trading Pattern

snapshot
+1 Reply
TomHall TOP MaryJane
a year ago
Great work mate!
Reply
StevenH
a year ago
Very educational thanks, we trade gartleys the same way. Im in the middle of testing them on different pairs to see which pairs they work best on, and on what time frames . I was just curious if you have done any of that kind of back or forward testing on the gartley pattern. Feel free to respond in private chat and Thanks!!
+1 Reply
TomHall TOP StevenH
a year ago
Hi Stevo,

Yes i have back tested the Gartley, Bat and Cypher on many different pairs, managing to choose 9 as the most profitable long term.
There are other ratio's and confluence i use aswell to determine my bias on a pair, however i haven't written about them on my post as i teach them to students in private lessons.
Reply
StevenH TomHall
a year ago
Thanks tom

I have only tested the cypher so far and i have 8 pairs that i trade it on that performed the best for me. As for the bat and gartley i still have alot of charts to sift through lol.

Good luck to you sir on all future trades!!

Reply
TomHall TOP StevenH
a year ago
The best of luck to you also.
If i can help at all feel free to shoot me a message.
Reply
crazy4tennis
a year ago
Very interesting. Bit complicated for more than one or two positions, also your selling on the way up, and buying on the way down. Personally, I would have sold the double top failure .99028, then pressed the position on the falling top fail at .98178
+1 Reply
TomHall TOP crazy4tennis
a year ago
We should always be cognizant of the information on the charts, however traders should always base their trading plan on their own knowledge and back testing.
Thank you for you feedback.
Reply
fxrandal
a year ago
Thank you very much! Do you have any recommendation for learning Fibonacci Retracement online?
+1 Reply
TomHall TOP fxrandal
a year ago
No problem at all.
I am working on it as we speak. I wont be posting this onto my blog but i do teach this to my online students.
Reply
Tom, what kind of chart/candles are these? Thanks.
+2 Reply
TomHall TOP ClearEdgeFX
a year ago
Hi,
The chart is hand made by myself to illustrate the strategy's.
I hope this helps.
+1 Reply
johan.verm
a year ago
Good analysis !...:-)Good luck !
+1 Reply
TomHall TOP johan.verm
a year ago
Thank you.
Reply
DirtyBoss
a year ago
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 TOP DirtyBoss
a year ago
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
a year ago
thanks for the reply, i will definitely intrigued by and will learn it from now on
+1 Reply
TomHall TOP DirtyBoss
a year ago
Feel free to message me anytime.
Reply
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