3 TRADING STRATEGY'S IN ONE CHART - EXPLAINED
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 )
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.