ABC Profit System
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    ABC Profit System

    SETUP:

    Time frame: any over 5 min and less than 3-4 hour charts.
    Currency pairs: any.
    Indicators: 5 period Moving Average

    RULES:

    1. Look at the price waves. Find the most recent swing high and the most recent swing low - these are the Fibonacci A swing and B swing.

    2. Using the Metatrader tool Pull the Fibonacci retracements from A to B. To know which direction to pull (up or down) simply look at the trend; if it is unclear, find appropriate AB swings and set Fibonacci in both directions.

    3. Once set, wait and watch the retracement from AB swing to unfold. During the retracement there are three conditions to be
    met in order to consider trading:
    1. The price must touch the 5 MA.
    2. The price must at least touch 0.382 Fibonacci retracement level.
    3. The 0.618 Fibonacci retracement level must not fail. Here it means the price should not close below (uptrend) / above
    (downtrend) 0.618 retracement line. It can touch or poke it, but the level must withstand the "attack".

    LONG ENTRY POINT:

    When all three criteria are met, enter once the candle is clearly closed above 5 MA

    SHORT ENTRY POINT:

    When all three criteria are met, enter once the candle is clearly closed below 5 MA

    Let’s call the entry point, point C (excluded from the chart below for sake of clarity, varies according to when you place the trade).

    STOP LOSS:

    Place the stop loss always 4-5 pips above (downtrend) / below (uptrend) the 0.618 Fibonacci retracement level.

    TAKE PROFIT:

    Place the take profit 1.618 Fibonacci expansion levels above / below point A.




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    thanks brother for your useful post.

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    Super Moderator Gamer's Avatar
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    Quote Originally Posted by aak View Post
    thanks brother for your useful post.
    Hello aak
    Well its seem like beautiful right , all glitters are not gold , so lets share your views after making a bact test on this strategy ! right

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    thanks brother for sharing. I might know how long to use the system and how the profit was obtained?

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    Super Moderator Gamer's Avatar
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    Quote Originally Posted by mamamerana View Post
    thanks brother for sharing. I might know how long to use the system and how the profit was obtained?
    The thread starter haven't update any results the best things to do is that when ever you get interested in some one else system , lets work on the demo account , because it can show you the right facts about any system

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    Last edited by Gamer; 05-10-2013 at 07:33 AM.

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    This is a very good information , glad to see good stuff here . thank you

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    Last edited by Gamer; 05-10-2013 at 02:01 PM.

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    ---------- Post Merged at 07:41 AM ----------

    Quote Originally Posted by jokerr View Post
    This is a very good information , glad to see good stuff here . thank you
    am glad too this news

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    Last edited by Gamer; 06-01-2013 at 05:25 PM.

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    Rookie mohamed reda's Avatar
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    nice to see this ways of trading it called trading with price action and i think it is the strongest way to make profits in my opinion and also it is so simple for any beginner trader .it may be so useful if you are trading with the trends .

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    Registered user zintek's Avatar
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    Whether for the welcome reward is not given instantly after we publish 25 periods in worldwide forums?? How about publishing reward USD? For what? What can claim? Yes, you're right , reward $6 must be validated to a moderator if you had already done 25 content , and about the posting's reward , you can declare it after achieves $100 and will be included for your stay consideration in ECN4X :)

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    I think after reading your all strategy and system you share with us is very good and impressive , your abc trading system is looking good for trading , i think i have to use this in my trading and i am sure it can help me in my trading to earn even more .,.

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