Price Only to Trade the Market

Congrats for your stats. (I assume & hope you have decent risk-reward as well, unlike my personal attempt at zero-loss trading...)

You were mentioning Abonacci and it piqued my interest because I have been trying for some time to resolve the baseline calculation as well as good phase widths and rules for them. The Abonacci threads are now dormant and I could not find a usable version of the app...

If I may ask a few more questions, for which I couldn't find the answers in this thread:

- Your PDF mentions "if price reaches a new monthly high, use that price in the calculator instead". What exactly do you mean by "new monthly high"? Is it the absolute highest high of an instrument, found on a monthly chart? Or the highest high in the current month?
- Also, if price reached a "new monthly low", would you use that instead?
- My NY close levels are different than yours. Where do you get yours and does it matter (e.g. for the 14 pips break threshold)?
- Similarly, if there is a gap between the previous day's close and current day open, do you still use the previous day's close?
- Do you use the MV, Pivot and Market Sentiment (https://www.forexfactory.com/showthr...2#post10751342) and Attraction Level (https://www.forexfactory.com/showthr...9#post10401679) at all in your trading? If so, how?
- For your trades, do you require a confluence of the larger timeframe trend or a confluence with your weekly numbers (e.g. post 161)?
- Are there any red impact news you would NOT trade?
- Do you use a stop loss or do you need to hedge in order to maintain a 100% strike rate?

Thanks again for your help and patience!

buffalau,
For Abonacci baseline calculations, I just use NYClose each day, works well for me.
I was able to crack the code in Bobi's Cal 6.2 and I saw the numbers behind the calculations. I use HLC to make my calculations.
Gap or no gap I use the NYClose previous day.
Red Impact News I avoid are "Minutes".
MM is very important for my no losses so far, my first entry is conservative and if it goes against me then I will enter a much larger lot size to recover BUT WITHIN my MM and account Equity to preserve CAPITAL. My SL is KNOWN but MENTAL. My ENTRIES are very. very HIGH PROBABILITY and LOW RISK.
Still going.....


Regards

All clear - very useful hints! Thanks again!

Update, still going strong....


Roy

GBPJPY Jan 8


I made some good pips.

Roy

@Roy,
to assess your performance, I would need to know how many open trades du you have running now, since you also traded the 113 closed trades.

Now @ 119 wins, NO LOSS and NONE running.

Roy

Still going......



Roy

it's impossible, there's no such thing.

Update
127 Wins No Loss One(1) running


It was a great day.

Roy


Done for the week, NONE running all closed.

Still going....

I traded Gold Sell, got some nice pips

Roy

Still going...….


By design not luck.

Roy

Still going, another nice milestone....


I traded GBPUSD and GOLD to get to 150 wins.


Roy

Still going strong......


trying to stay humble.

Roy

Great Attitude!!

there are still people who believe in such fairy tales

Don't worry about him, Roy. Some of us did find value in this thread (and some of your other posts too). I for one will be following the updates and would be especially interested in seeing more hints or screenshots for some of your entries, quick wins or trades you had to recover.

Thanks!

Still going....


Friday was great on 7 pairs with my strategy.
This was GBPJPY






Roy

Hi
Has this thread closed?

His account probably could not endure the all open trades