100 Pips in Under 25 Minutes – Easy as ABCD! (Forex Trading)

You read that right… how to earn 100 pips (that’s $100 if you trade just 1 mini-lot) in just under 25 minutes! An overview of the ABCD pattern and how to use it together with Fibonacci retracements & extensions.

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Posted in: learn forex trading

Tags: ABCD, Easy, forex, Minutes, Pips, Trading, Under

This entry was posted on Sunday, December 27th, 2009 at 7:47 am and is filed under learn forex trading. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

25 Responses to “100 Pips in Under 25 Minutes – Easy as ABCD! (Forex Trading)”

fxKnight December 27th, 2009 at 8:00 am

Tsk… tsk… such hostility.

5210to444 December 27th, 2009 at 8:19 am

@OilTradingScam

“I know which direction a currency will go with a 90% accuracy all day long.”

So if you can “SEE the program” why don’t you put a several million dollar bet on that and retire?

And of course “YOU can’t back it up, you know this and I know this.”

Why have you resorted to trading oil?

Why don’t you back up your statements with facts?

Did you make huge losses in the forex market?

Is that why you are trying to scam people who have also lost money to give them hope in you?

5210to444 December 27th, 2009 at 8:36 am

….thanks to multitude of aspiring trader’s money that has gone into your pockets. apart from the real deal, there’s no better way to make up your drawdown/losses than by regurgitating the basics to the everlasting source of beginners out there. not to mention the desperate ego validation you’d be groping for

lli2006 December 27th, 2009 at 8:56 am

this is funny but not real。

OilTradingAcademy December 27th, 2009 at 9:48 am

@kahsinaww, wrong, nobody can predict anything with a 90% accuracy, this is a mathematical impossibility, the only way this can be done is through a pre-designed plan, namely a computer program, I can SEE the program. And of course you can’t back it up, you know this and I know this, but listen buddy if you want to continue with the con go ahead and do so, I’ll be busy making real money trading Oil, while you pretend to trade the Forex market and make money.

kahsinaw December 27th, 2009 at 9:49 am

of course Capt it is very very very risky for the ignorant

kahsinaw December 27th, 2009 at 10:21 am

I may sound stupid to you but I do not simply put forward anything that I cannot backup. Whatever arguments that you put forward you must always remember that whatever indicators or signals that you employ will still be based on prediction. The movement of the price move the indicators, its not the other way round

OilTradingAcademy December 27th, 2009 at 10:37 am

@kahsinaw, you don’t understand, you are like a bodybuilder who says they don’t take steroids, it makes you sound stupid as can be to anybody who knows the real truth. I know which direction a currency will go with a 90% accuracy all day long, actually in 30 minute increments, do you know why that is? It’s because the Forex trades by computer program, and can be seen via the time of day. I am like Rainman, I can see things other people cannot see, and I can see the Forex Code.

kahsinaw December 27th, 2009 at 10:56 am

David, you are wrong. In any situation there is always the winners and the losers and the numbers are always equal. Get in touch if you want to be always on the winning side

willariza December 27th, 2009 at 11:38 am

Sorry FXKNIGHT but this is a serious business and you in my opinion are just a used car salesman.Anybody can count pips when past action price.Maybe,just maybe you have a profitable strategy but your sales speech is just crap intended to lure people into a gold pot at the end of the rainbow

qaszxc001 December 27th, 2009 at 11:42 am

хуйня какая-то)))))

OilTradingAcademy December 27th, 2009 at 12:12 pm

Actually the Forex market is a scam and nobody can make consistent money at it, sorry for the bad news. The good news is I’ve found the perfect way to trade and make money, and that’s Oil. Come see for yourself at my website within my profile.

David

josharent December 27th, 2009 at 12:26 pm

Awesome free trading tool for scalpers and swing traders! Get FX Multi-Meter at the mql4 codebase.

vivameat December 27th, 2009 at 1:05 pm

I wanted to ask you which is better or if it matters the time frame to use for these kinds of strategies? the 5 min or the 15 min and can u explain again what signs to look for to draw the fibs

fxKnight December 27th, 2009 at 2:02 pm

Now, please, take your crappy attitude somewhere else – this is a place of learning and helping people. Everyone else: this is the sort of bitterness you get from people who overtrade and lose, rather than taking the time to study & practice first. I’m used to it.

fxKnight December 27th, 2009 at 2:54 pm

Yes, I can SEE that you’re “in no mood for a debate”. You’ve stuck your foot SO deep in your mouth now you’re actually resorting to twisting my words around in order to desperately hang on to trying to be right. I’m not ARGUING with you (as you obviously are trying to with me), I’m simply clarifying what I said as you’ve asked me to. And I stand by what I said. I SAID I ENTERED LOWER THAN THE 237.80 FIB… AT 237.74, as shown by the crosshairs.

dlyras December 27th, 2009 at 3:46 pm

Correct, your 61.8 level is actually 237.80 as you pointed out so that’s 10 pips short if you were looking to enter there, even worse. Mate at 3.47 you say “237.74 is where we got in”. Now you say you entered lower?? If u entered lower then why didn’t u say so in the vid? I’m not knocking you, seriously, and Im in no mood for a debate, I just think you need to be clear about where you enter in your strategy here, otherwise whats the point. Your exit strategy on the other hand is very clear.

fxKnight December 27th, 2009 at 4:37 pm

Pausing the video at 3:44 you clearly see the crosshair read-out as 237.74 (which is what I’m reading from in the video); meanwhile the “Fibo” level in the balloon pop-up reads 237.80 – so, as I said, C is not my entry, my entry was a bit below. As for the strategy “not being clear”, I’m not sure what you expect from a video barely over 7 minutes in length. Trading take sa bit more than that to learn! If you want details visit our site. Lots more videos and webinars there – also free.

dlyras December 27th, 2009 at 4:54 pm

Really? Well if you pause the video at 4:45 you will see that the candle you are referring to reads “High: 237.70″, so it came just short of your 61.8 fib level. Price did NOT reach 237.74 on the retrace. I’m not nit picking mate, your info is free and I appreciate that. With trading though as I’m sure you know, even 1 pip can make a big difference and your entry strategy is not clear in this vid. Sorry. Had you waited to enter on the 61.8 fib level you would have missed your entry by 4 pips.

fxKnight December 27th, 2009 at 5:20 pm

It obviously did since that’s what the crosshair measuring tool said the top of the wick was – you can see it right in the video. 61.8 is probably THE most common place for a retracement to end. Back then (this video is almost 2 years old), I almost always jumped in on the 61.8. I’ve become a bit smarter and a bit more selective since then, hence my current advice. Try it out for yourself, mate.

dlyras December 27th, 2009 at 6:12 pm

You said you entered at 237.74, those are your words. Price didn’t even reach 237.74, and even if it did you would not have been able to enter at that price unless you planned an entry at the 61.8 fib level in advance.

fxKnight December 27th, 2009 at 7:04 pm

Simply visit our site… it’s free.

fxKnight December 27th, 2009 at 7:10 pm

2 days? It’s been almost 2 years since I posted this vid… and I’m still here.

fxKnight December 27th, 2009 at 7:56 pm

C is not your entry point, C is simply for finding D (your target). Your entry typically comes a bit after C, once C is confirmed. I have videos on FXStreet (and more to come here soon too) which talk about how to confirm your Fib signals and entries.

fxKnight December 27th, 2009 at 8:53 pm

Sure… visit our site… we have a free chat room and forum (plus many more videos and webinars) to help you out.