45# Fibonacci ABCD pattern Trading System
Fibonacci extensions, expansions or projections
Submit by Zacarias 07/04/2013
Time Frame H1 or higher
The formula is below.
Target point D (profit Objective) and retracement point C cab be calculated by measuring the number of pips From poin A to point B and multiplyng by the factors below.
For Fibonacci Retracement, left click on point A, drag the line to point B, then release the mouse, For extension left click on point B, hold and drag the line, to point A and release, Commonly, 61%8 retracement go to least the 161,8% projection.Sometime The 100% ,200% amd 261% extension come into play.
A lot of mone has been made using ABCD (also called 1234( pattern using to enter and extension to exit. Enter near point C exit at point D.
XLS file for to calculate Fibonacci Extensinos
In the pictures Fibonacci ABCD pattern forex system in action.
Share your opinion, can help everyone to understand the forex strategy.
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