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!
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!
1