Man your ABCD patterns are Awesome!!! The FCEL trade was amazing in my opinion. I can learn a lot from you.

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Made 3 trades on BLDP. ABCD, $20 risk x3, -$16.44

This could have been my trade of the day, but basically F'ed it up. 5min ORB combined with ABCD. $20 risk, +$3.38

Thank you for taking the time to comment! It is funny that you mention that because I get really anxious around 1.5R and 2R but honestly I just try to trust myself. My hotkeys make it easy because it sets an automatic "range". Essentially, the most I can lose is 1R and the most I can gain is 3R. But when the stock moves to 2R i move my S/L to break even. But if I see a, for example, double top when I am long I usually just get out. The hotkey that I use is really helpful and has made me consistently profitable.

I find it interesting that you don't partial, but if you are still making you profit targets then all the power to you! I want to experiment with this too, however man, it must be hard to see the price go to almost triple your profit level without capitalizing on that. What do you do if the price goes up to, lets say 1.5R, doesn't look like it will make it to 2R, then starts retreating? Do you hold your stoploss, stop out at break even, or get out early? Oh, and nice trade!

WOW, this is one of the cleanest entries I have ever seen. This is such an intimidating strategy for me man. I am really glad it is working out for you!

You're doing so well with the ABCD set ups Matt! Great to see. Keeping disciplined and sticking to a strategy is so important, and you're doing a great job of this.

@MattfromNZI love your trading style. It is really clean and clear cut. In terms of your partials, how many do you usually take in a trade? and does it eat up your profits a lot or not really?

Hey Reza I can run through some final checks and tests and post a clean version. I'll need a few days and then I will post. JC

Date: 11 January Stock: NIO Strategy: Fallen Angel Why did you take the trade?: This is again a strategy I am currently looking for. With my watchlist now I'll watch in the first 5 mins for trades setting up like this, and with a 6 x stock watchlist there are usually one or two (on Friday, actually, all six set up like this! But I took NIO). I took three partials, one at 2R, another at VWAP, and sold the remaining shares after another continuation up. Long/Short: Long. Entry: 56.70 Risk: 15c S/L: 56.55 (loss of a daily level) How did you feel after taking the trade?: Pretty good, because this is exactly what I'm trying to do! For the first time in my (short) life as a trader I feel like I actually have a plan! I am going into the open watching for very specific things, and I am learning to react well when I see them. What did you do well?: Waited for an entry signal after seeing a double bottom off a support level. What can you improve on?: I always think I need a better partialing strategy. I like the VWAP partial, but I am still trading small size - there comes a point where partialing combined with a 50c commission isn't cost effective! I do 50% partials usually, should I be partialing 25%, 50% and then remainder? This is a blind spot right now. Questions?: The hardest thing with this set up is always going to finding the bottom and keeping stops tight. There is an element of knife catching going on! The truth is these stocks don't always reverse. I've seen them before just drop and then go sideways.

I watched Aiden's ABCD webinar recently and one of the things that stuck with me the most is that the ABCD pattern is a "continuation of a trend". I am still struggling to distinguish real patterns from fake, but this has helped me decide.

This was a great setup, shame about the execution! I actually had MARA on my list, but dropped it cause there's no shares for short. I wish I had kept it as it was a fantastic 5min ORB (with the ABCD pattern as a bonus!)

Hey man, I haven't really studied reversal trades yet, but I am curious about this trade because you made it within the first 5mins. I was wondering if your reversal strategy good for being so close to the open? and why would you use a reversal strategy here instead of an ORB? Matt.

@KyleK29 It does look like there is a bug in the spreadsheet. Changing the short to Short-SSR doesn't change anything for dollar risk. It does work as intended for Equity Percentage. Dollar Risk - Short: StopPrice=Price+0.01;DefShare=BP*0.97;Price=Price-Bid+0.01;SShare=150/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=LIMIT;Price=Bid-0.05;TIF=DAY+;SELL=Send;DefShare=400;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+; Dollar Risk - Short SSR (The highlighted red part is not happening on the spreadsheet) StopPrice=Price+0.01;DefShare=BP*0.97;Price=Price-Bid+0.01;SShare=150/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=LIMIT;Price=Bid+0.01;TIF=DAY+;SELL=Send;DefShare=400;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+; Equity Percentage Risk - Short: StopPrice=Price+0.01;DefShare=BP*0.97;Share=DefShare*0.167*Price*0.01;Price=Price-Bid+0.01;SShare=Share/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=LIMIT;Price=bid-0.05;TIF=DAY+;SELL=Send;DefShare=400;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+; Equity Percentage Risk - Short-SSR (The highlighted blue part is working in the spreadsheet) StopPrice=Price+0.01;DefShare=BP*0.97;Share=DefShare*0.167*Price*0.01;Price=Price-Bid+0.01;SShare=Share/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=LIMIT;Price=Bid+0.01;TIF=DAY+;SELL=Send;DefShare=400;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+;

I shared my thoughts on the classic ABCD/Flag strategy. This pattern presents itself in virtually every move, across multiple timeframes. The formation consists of: 1. Run-up/sell-off 2. Profit taking/consolidation 3. Continuation Let me know your thoughts!