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ABCD Pattern – Rules of Engagement

ABCD Pattern Tools: Fibonacci Retracement : Primary used 61.8% Fibonacci Extensions: Primary 127.2% & 161.8% For both the bullish and bearish versions of the ABCD chart pattern, the lines AB and CD are known as the legs while BC is called the correction or retracement.                 Rules of Engagement   The ABCD Pattern […]
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NZDCAD – Step by step guide to this great risk reward ratio pattern

NZDCAD – Kiwi/Canadian Dollar We will explain the Cypher step by step with this great example. Rule 1:The Cypher Advanced formation starts with a market movement/impulse leg that establishes our X and A points. Once X and A points have been identified, we then look for our second rule.  See below the X to A , NzdCad chart […]
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Cypher Pattern – Rules of Engagement

Cypher Pattern  Tools: *Fibonacci retracements (38.2% , 61.8% and 78.6%) *Fibonacci extension (127.2% and 141.4%)  Timeframes: The Cypher Advanced formation was originally designed as a swing trading strategy. But it also works on lower timeframes.  Tactics: Seek to identify 4 market moves and 3 major Fibonacci zones. The combination of these moves forms the points (X, A, B, C, D) that […]
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The Butterfly Pattern – Rules of Engagement

The Butterfly Pattern   Created by Bryce Gilmore, the perfect Butterfly pattern – here are the rules of engagement for this pattern:               Rule 1: The Butterfly Pattern begins with a market move/impulse leg that establishes our X and A points. Once X and A points have been identified, […]
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Gartley Pattern – 5 Easy Steps

5 Easy steps/Stages to trade the Gartley Pattern. First see all the different Gartley patterns here.  We will be discussing the most common one (The Original Gartley), in detail with entry, stop loss and take profit levels                     This will explain the bullish Gartley, but the […]
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Harmonic Price Patterns – Gartley

THE GARTLEY PATTERN The Gartley pattern consist of 4 dfferent type of gartley patterns: The Original Gartley The Crab Gartley The Bat Gartley The Butterfly Gartley   The Original Gartley These patterns normally form when a correction of the overall trend is taking place and look like ‘M’ (or ‘W’ for bearish patterns). These patterns are […]
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Money Management Rules

Money Management Rules Money management is the most important aspect of trading. Having a sound money management system will make a huge difference in your profits. It will help improve your performance and minimize your losses. Ironically, this is one of the most overlooked areas in trading. Many forex traders are just anxious to get […]
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Head and Shoulders Pattern – Cheat Sheet

Head and Shoulders Strategy Key Characteristics Comprised of five parts (Uptrend, First Shoulder, Neckline, Head and Second Shoulder) The head must be higher than both shoulders (or lower for the inverse head and shoulders) Shoulders must be on the same horizontal plane   Head and Shoulders     Inverse Head and Shoulders   Entry Rules […]
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Channel Breakout Strategy – Cheat Sheet

Channel Breakout Strategy Channels can also be called bull and bear flags   Key Characteristics  Support and resistance must be parallel The size of the flag should not be larger than the flag pole Bull Flag Pattern                           Bear Flag Pattern     […]
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Triangle Breakout Strategy – Cheat Sheet

Triangle Breakout Strategy   Key Characteristics Must have at least three touches on both support and resistance Should form on the 4-hour time frame or higher for best result                             Entry Rules Wait for a close above or below resistance or support […]