Thanks Bobi.
... and the mountains shall drop sweet wine, and all the hills shall melt ...
... and the mountains shall drop sweet wine, and all the hills shall melt ...
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DislikedSo... price entered a new phase and broke 38.2% from the downside. We "assume" now that price will reach 100% of its phase. Where are you guys placing your SL? Do you place it at the baseline which in this case would give you around a 50 pip SL?Ignored
DislikedIf you can afford to put your SL at the previous 76.4 line then 11 out of the 13 trades this month would have won.Ignored
DislikedI'd like to see how those targets/lines would work
on something like this (for example):Ignored
DislikedSkyzer, it seems very clear that you do not think this system is any good so why do you keep wasting your time with it? I am really starting to think that you will take the honor of being the first on my ignore list.Ignored
DislikedFrom the back testing I have done on this, behind the pink Phase line is good but will get stopped out occassionally. If you can afford to put your SL at the previous 76.4 line then 11 out of the 13 trades this month would have won.
The only issue with this is that (on each trade) you are only getting a 1:1 risk/reward ratio. But with an 85% success rate, is that really an issue?Ignored
DislikedThank YOU for taking the time out to answer my question. I appreciate it. I understand pretty much about the entries as far as the two templates go. I'm still not clear on how to use the new calculator or the SL. Bobi said his max SL is 30 pips and in most cases smaller than that so trying to figure out how to minimize my SL. I'm thinking that when say 38.2 in a new phase is...Ignored
DislikedNow go to the Monthly chart, ZOOM in real hard and tell me
what you see?
Single almost 1000 pips candle. If you buy and hold, you don't really
need to trade anything. I'm sure your success rate will drop dramatically
in range market when pair goes back and forth on daily basis..
Wait for range market and test then.Ignored
DislikedThis has got to be one of the stupidest comments I have seen yet. Yes, you are absolutely right and IF you has bought at the beginning of the month and left it then you would be up over 900 pips right now BUT...
what told you AT THE BEGINNING OF THE MONTH to buy?Ignored
DislikedIt is possible to say ( According to Aebab) month will be an up month BUT one has to wait for completion of 2.38 phase
"In this system , all fibonacci which are drawn are constant until end of the month. If %38.2 of fibonacci levels are broken from down , then it will meet 100%.
each 0-100 % is called a phase and if in a month 2.38 of phases are passed then that month is an up trend and trend will not be reversed and will get to 4th phase "Ignored
DislikedAbsolutely right, but I don't think you could apply that to JUST the monthly candle. You still need the Aboonacci numbers to do it.
And just to clarify, I believe what Aebab ment by that is this ...
If the month goes up past the 38.2% line after Phase 2 (1.2947 on my chart) then it will continue to the Phase 4 line (1.3153) ... which it did with zero drawdown and in about 3 days.
Personally, with this kind of trade, I would have put a SL behind the previous 76.4 (1.2869) giving aprox 70pips of room for a 206pip win ... and from a 'set and...Ignored
DislikedThose who believe or do not believe should respect each other . I do not care who is right . But its out of morality to say some words that are out of grandeur.I do not understand why some are resisting .I never say its 100% accurate even if I believe it is .If you find it wrong , lets remove the problem and correct it . Respect each others .
I believe that God has created limits for everything on the word and only there is no limit for stupidity .
Lets help each other in anyway we can .Ignored