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Aboonacci System - for EUR/USD prediction

  • #21
  • Sep 15, 2010 9:17pm Sep 15, 2010 9:17pm
thx for sharing
  • #22
  • Sep 15, 2010 9:19pm Sep 15, 2010 9:19pm
Quoting a24ali
Very interesting! Just quick question, assuming the price breaks the 38.2 Fib level, shouldn't go to the top of the of the phase 1.3147. why stop at 1.3118 (which is 76.4?). According to your earlier rule, if it breaks Fib 23.6 then should reach the 100 of that phase.

Also, i am interested in seeing example of the downjones, i'd appreciate if you could post some examples here or the tamplet.

thanks
Hi,
Yes , But there is another fibonacci that says it possibly can be stopped at 76.4 . Another reason is that its not in beginning of the month and it may decide to get a rest and then continue .But finally it should.
I am trying to describe this system , step by step .
In the next post I will let you know why the price is stopped at 1.2986 . That rule also should be taken into account and you will know how to get buy and sell signals from after close of USA market.
Learn to walk before you run
  • #23
  • Edited 4:23am Sep 16, 2010 3:44am | Edited 4:23am
Hi again,
If you want to enter the market in an appropriate time and level , you should take many considerations into account .
Another Fibonacci that can help to identify the reversal is shown in the picture .
Draw a fibonacci from High Reversal line to 38.2% of lower blue fibonacci produced from step2.
(Please refer to Page 1 to learn how to) . This new fibonacci is called Closing Reversal Fibonacci
As closing price is higher than 76.4% of this new fibonacci level so there is a sentiment for the price to be reversed at 61.8% of new fibonacci . If the price is below 76.4% then goes to 61.8% .

http://i54.tinypic.com/34o6kqw.gif
Learn to walk before you run
  • #24
  • Sep 16, 2010 3:57am Sep 16, 2010 3:57am
Quoting aebab
Hi again,
If you want to enter the market in an appropriate time and level , you should take many considerations into account .
Another Fibonacci that can help to identify the reversal is shown in the picture .
Draw a fibonacci from High Reversal line to 38.2% of lower blue fibonacci produced from step2.
(Please refer to Page 1 to learn how to) . This new fibonacci is called Closing Reversal Fibonacci
As closing price is higher than 76.4% of this new fibonacci level so there is a sentiment for the price to be reversed at 61.8%...
Hi aebab,
Thanks , How possible your prediction and lines are perfect !!!!
the market is moving only in your lines . Why??????
can you let us know why ???
  • #25
  • Sep 16, 2010 4:36am Sep 16, 2010 4:36am
Can somebody please explain how to draw the lines correctly.. sorry not able to follow the first post.
  • #26
  • Sep 16, 2010 4:45am Sep 16, 2010 4:45am
Quoting reachjj
Can somebody please explain how to draw the lines correctly.. sorry not able to follow the first post.
what is your problem? I think I described clearly . download template for Metatrader and the rest is easy.
Learn to walk before you run
  • #27
  • Sep 16, 2010 5:07am Sep 16, 2010 5:07am
Hi aebab,
Quoting aebab
Please consider that this system is not using any indicator or any pivot calculation and its only mathematics and using a program which was whritten in C# language . The parameters used for forecating are High , Low , Close of last month .
I've been coding C# for 3 years ... ;-) (and java for many years)
As my full-time job involves programming and stuff like that..

Anyway, I'm comfortable with this system..
Although, at the moment, I use it in a different way from yours..

I can easily trade on 4h chart with trendlines and phase fibo levels ( only
the yellow ones)..

Good job mate!
Keep posting

Many pips,
Indiana
Attached Image (click to enlarge)
Click to Enlarge Name: imm.gif Size: 16 KB
  • #28
  • Sep 16, 2010 5:15am Sep 16, 2010 5:15am
Quoting Indiana Pips
Hi aebab,


I've been coding C# for 3 years ... ;-) (and java for many years)
As my full-time job involves programming and stuff like that..

Anyway, I'm comfortable with this system..
Although, at the moment, I use it in a different way from yours..

I can easily trade on 4h chart with trendlines and phase fibo levels ( only
the yellow ones)..

Good job mate!
Keep posting

Many pips,
Indiana
Its nice that works . Did you trade on this system?
Please share your idea about the way you trade . (Please teach me also )
There are some other fibonacci that makes you catch the long term trend and I will let you new in future.
Keep in posting too.
Learn to walk before you run
  • #29
  • Sep 16, 2010 6:25am Sep 16, 2010 6:25am
Quoting aebab
Did you trade on this system?
Yes, I'm giving this a try .. It looks good to me

Quoting aebab
Please share your idea about the way you trade . (Please teach me also )
There are some other fibonacci that makes you catch the long term trend and I will let you new in future.
Keep in posting too.
Of course mate. As I trade the 4h chart, I will look for the close of this 4h
candle (GoMarkets -> so GMT+2 for summer time) .
If it's gonna close under 50% fib level (1.30851) , then I'll expect a retracement to 38.2 line or even 23.6 , let'see.
Given the uptrend, in the zone 1,3020 - 1,3050 , I'll look for buy opportunities .
It should be better if price action confirms that too.. for example a nice
inverted hammer.. or shooting star.
I try to keep it simple at the moment

This is how your fibo levels really help me in my trading!


Thanks,
Indiana
Attached Image (click to enlarge)
Click to Enlarge Name: imm.gif Size: 21 KB
  • #30
  • Sep 16, 2010 6:42am Sep 16, 2010 6:42am
Quoting aebab
what is your problem? I think I described clearly . download template for Metatrader and the rest is easy.
Sorry, but am not able to understand from where to where you are drawing the lines.. and what are phases... and what are yellow lines, what are blue lines and what are white lines.. and from where (yellow? white? or blue?) to where we need to draw the lines... or its already drawn in the template?

Thanks,
Prakash
  • #31
  • Sep 16, 2010 6:45am Sep 16, 2010 6:45am
Quoting Indiana Pips
Yes, I'm giving this a try .. It looks good to me



Of course mate. As I trade the 4h chart, I will look for the close of this 4h
candle (GoMarkets -> so GMT+2 for summer time) .
If it's gonna close under 50% fib level (1.30851) , then I'll expect a retracement to 38.2 line or even 23.6 , let'see.
Given the uptrend, in the zone 1,3020 - 1,3050 , I'll look for buy opportunities .
It should be better if price action confirms that too.....

Which 50% lines? yellow?
  • #32
  • Sep 16, 2010 7:05am Sep 16, 2010 7:05am
Quoting Indiana Pips
Yes, I'm giving this a try .. It looks good to me



Of course mate. As I trade the 4h chart, I will look for the close of this 4h
candle (GoMarkets -> so GMT+2 for summer time) .
If it's gonna close under 50% fib level (1.30851) , then I'll expect a retracement to 38.2 line or even 23.6 , let'see.
Given the uptrend, in the zone 1,3020 - 1,3050 , I'll look for buy opportunities .
It should be better if price action confirms that too.....
I am glad . To say the truth , I never draw even a piece of a trend line as I have not been using any conventional way in trading for more than 2 years and all I am using is my formula and I changed many concepts for myself . For example I found out that Pivot point formula has a big problem . Finally I found and changed it. Now I have a pivot point formula for myself . I say my self , never sleep if you can not find why a candle is stopped in a certain level . That made me to find these fib levels .
I think you will be surprised if you see other fib phase levels which are more accurate and I am using for long term trading .
For example , how you can interpret this candle to be stopped at 1.3108 ?
If you go step 1 for this new phase , then you will see why?
I like this kind of trading that you can interpret any candle for formation.


http://i52.tinypic.com/11uxpbl.gif
Learn to walk before you run
  • #33
  • Sep 16, 2010 7:26am Sep 16, 2010 7:26am
Quoting reachjj
Which 50% lines? yellow?
I think you have not studied the steps in page 1 . Please go to page 1 and follow all steps . First you have to download
http://www.4shared.com/file/2kTHq_PU...10_power3.html

Phase means the distance between each 0%-100% of fibonacci in this template .(For yellow line)
To draw Fibonacci lines you have to follow instructions in page 1 .
Are you familiar with Fibonacci trading ?
Regards
Learn to walk before you run
  • #34
  • Sep 16, 2010 4:49pm Sep 16, 2010 4:49pm
Hi aebab
Really I am amazed how you system is working . I do not know what to say . Are you using elliot wave to predict so accurate ?. Because is some posts agao you sadi the market will reach to 1.3118 and now its done and came down exactly from that point . How you are calculating these things ? Can you say your secrets ?
Good Luck
  • #35
  • Sep 16, 2010 4:55pm Sep 16, 2010 4:55pm
Hello everybody.
How was trade yesterday . Dear Indiana Pips , Did you get all of pips yesterday ? Are you going well with the system good enough ? I hope you could know to get out of market at 1.3118 as I predicted yesterday .
have a good trade
Learn to walk before you run
  • #36
  • Sep 16, 2010 5:04pm Sep 16, 2010 5:04pm
Hello,

Quoting aebab
I think you will be surprised if you see other fib phase levels which are more accurate and I am using for long term trading .
For example , how you can interpret this candle to be stopped at 1.3108 ?
If you go step 1 for this new phase , then you will see why?
I'm impressed... It's easy to see why..
I've just followed the steps you wrote on post 1!

I think I may switch and trade to 15M timeframe, like you do,
and following your rules strictly.. I guess it's worth it!

Thanks again for sharing,
Indiana
  • #37
  • Sep 16, 2010 5:11pm Sep 16, 2010 5:11pm
Quoting FxSculper
Hi aebab
Really I am amazed how you system is working . I do not know what to say . Are you using elliot wave to predict so accurate ?. Because is some posts agao you sadi the market will reach to 1.3118 and now its done and came down exactly from that point . How you are calculating these things ? Can you say your secrets ?
Good Luck
Hi fxsculper .
Yes you are right . In post number 19 (http://www.forexfactory.com/showpost...7&postcount=19) I predicted that the price will reach to 1.3118 . I am not using any popular and known technical analysis . Just I am using Fibonacci in my own formula and also in my own method . I say past is not important and I never use any indicator . The only thing is that I try to find the reason why the market is moving like that. If you just follow my instructions then you will get why I said the market should stop at 1.3118. My TP was 4 pips below that level and then I had a sell order at 1.3115 with SL=1.3121 and TP=1.3035
Learn to walk before you run
  • #38
  • Sep 16, 2010 5:17pm Sep 16, 2010 5:17pm
Quoting aebab
Hello everybody.
Dear Indiana Pips , Did you get all of pips yesterday ? Are you going well with the system good enough ? I hope you could know to get out of market at 1.3118 as I predicted yesterday .
have a good trade
Mate, I'm still demoing ..
Before I entered long on retracement at 23.6 yellow fibo (1.30516),
and took profit at 1.3107 .... that's fair enough!!! I'd say very good!
The more I trade and watch price action on those levels the more
I got confident with it!!!
Anyway, I have to learn and learn more .. but I'm a patient one..

Many pips,
Indiana
  • #39
  • Sep 16, 2010 5:20pm Sep 16, 2010 5:20pm
Quoting Indiana Pips
Hello,



I'm impressed... It's easy to see why..
I've just followed the steps you wrote on post 1!

I think I may switch and trade to 15M timeframe, like you do,
and following your rules strictly.. I guess it's worth it!

Thanks again for sharing,
Indiana
Great .
Did you apply step 2 and 3 for that to find TP? Did you trade today ?
Yes you have to switch to time frame 15M and get pips even if the market is ranging . I will post every month Abonacci system Phase levels exactly on 1st day of new month so you can trade easily .
Are there some people trading oil ? if yes so I will calculate and let you download template of OIL.
I will try to post new technics of Abonacci .
regards
Learn to walk before you run
  • #40
  • Sep 16, 2010 6:24pm Sep 16, 2010 6:24pm
I'd like to introduce a new fibonacci which I call it Closing Fibonacci . Its one of my favorite tools I have in my chart in the beginning of new day . It works with close of USA market well . I am using FXPRO metatrader for charting purposes but I do not have account with them and I execute my orders in another platform . So use FXPRO for analysis and I found they have very accurate quotes but I am not satisfied with their support.
As picture shows , place a fibonacci with 100% at close price and 0% should be 74 pips lower .
I should say that 74 pips is only for this month and it differs month to month . So do not try to use that for other months . I will let you know the range of that in the beginning of new month and use it.
any place you enter for buy order , put stop loss below 0% . Many times works accurate.

http://i56.tinypic.com/2ia8wgp.gif
Learn to walk before you run
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