FOREX TRADING: Butterfly Rules and LIVE Butterfly

http://ProTradingUniversity.com For a spot in the personal mentorship program, email me at: Ahmed@ProTradingUniversity.com Instagram: https://www.instagram.com/ahmed_jtrader/ FOREX TRADING: Butterfly Rules and LIVE Butterfly Follow me on Twitter: https://twitter.com/Ahmed_Jaroudi Check out this trade in tradingview: https://www.tradingview.com/v/p0pNBZyz/ In this little educational video you will know my rules for trading the Butterfly pattern in a simple and clear way. Then, I will show you a live pending Butterfly on NZDCAD, hourly time frame. Notice that I didn't go over the targets and stops in this video; I will cover them in a later video. I will see how things goes with this third video but I already want to do these type of videos on a daily manner. I will cover a big variety of topics. Covering technical analysis tools, strategies, chart patterns, advanced patterns, harmonics, break outs patterns, money management, trade plan development, backtesting, customization and portfolio and of course, psychology and mindset. If you are interested in knowing the rules of the Bat pattern and check how I made +170 pips live using the Bat pattern then check out this video: https://www.youtube.com/watch?v=plezWhGB6A8 If you are interested in knowing the rules of the Cypher pattern then check out this vid: https://www.youtube.com/watch?v=9y-QYNrMrHA If you want to see more videos, then please subscribe to my channel: https://www.youtube.com/channel/UCv4ddMCMUuxRvQS0Qhdo3Bw As for this video, here are some useful links that are related to this video's topic: An article about the Butterfly pattern and it's rules: http://www.harmonictrader.com/price_patternsbfly.htm An article about harmonic and price patterns in general: http://www.investopedia.com/articles/forex/11/harmonic-patterns-in-the-currency-markets.asp Please follow me in: trading view: https://www.tradingview.com/u/Ahmed-J/ twitter: https://twitter.com/Ahmed_Jaroudi

Comments

1. It requires 1.27 of XA leg not AB
2. good. funny AF
3. An important potential issue wasn't discussed in this video.
   
   CD can be either 1.27 or 1.61 extension of XA. When potential butterfly pattern is forming but hasn't finished forming yet and we want to place buy limit or sell limit, how de we know whether place an order at 1.27 or 1.61 extension?
4. Hi, Ahmed Thanks for your beatiful videos, they all are so useful.
   
   at education butterfly video, for D point, you use 1.272 ext of AB. But I think it must be the 1.272 Inversion of XA.
   you also use 1.272 inversion of XA at your example at the end of your video
   
   thanks alot, waiting for new videos
5. thanks for this video ahmed.
6. Thanks for the video. What song do you play at the beginning?
7. There is a butterfly pattern on the AUDJPY 15 min chart at present. If the D completion was a Fib Extension of X-A then the 127.1 would give you an entry point. It also stopped at a previous support level which then becomes resistance. If the D completion was a extension of A-B then the price moved beyond the 141.4% level...Is that still a valid entry point for you? In either case the stop would be above the 10 pips above the resistance level or the 161.8% level. All depends in your trading plan. Thanks
8. hi Ahmed, I rarely trade the buttefly pattern as well as moving pass point X could signal a trend continuation in some cases. Hence it is always good to look at the support/resistance levels before entering the trade. Also for the D point I always thought it was a Fib Extension of the X-A leg. I understand that there is different methods to the butterfly but just double checking with you. 
9. Ahmed, what's written all over the whiteboard in the background?
10. Thank you:)
11. Can u please explain where to set the take profit:)
12. I know that Akil trade Butterfly pattern different. Look left, structure leave clue.. He will look left if the D leg have some structure so that he can place his stop loss at structure. How do you put your stop loss because it has already exceed the X leg.