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Aboonacci System - for EUR/USD prediction

  • #41
  • Sep 16, 2010 8:21pm Sep 16, 2010 8:21pm
Hi everyone.
I am preparing a new template for Fibonacci levels that let you identify the trend and find the best reversal and break out level . The most accurate system you have ever seen .
I will make ready and let you download in a few minutes .
have a good trade
Learn to walk before you run
  • #42
  • Sep 16, 2010 9:27pm Sep 16, 2010 9:27pm
Please download the following template and apply that to Metatrader . It is only for Eur/USD .

http://www.4shared.com/file/34iC5q3i...BreakOuts.html
Please work with that , I will post methods to identify the trend . Those who have worked with previous template can understand this also.
Learn to walk before you run
  • #43
  • Sep 16, 2010 11:29pm Sep 16, 2010 11:29pm
Hello aebab,

Thank you very much for your templates.
I am trading on a demo account using the template in your first post.
I find that the pink lines are excellent for break out strategy in H4 and daily tome frames. Going by them, our prediction that EURUSD should touch 1.31474 should be perfect. Great going!!!
  • #44
  • Sep 17, 2010 12:33am Sep 17, 2010 12:33am
Would someone please explain how to download these templates - for some reason after downloading all I get is a page full of script. Thank you.
  • #45
  • Sep 17, 2010 12:58am Sep 17, 2010 12:58am
Best system I have ever seen.
I hope in future will be EA and indicators that will automatically calculate every month phases and etc.

It would be great if you will post where we should look next when some fibo line is broken( i know, you posted some examples). example: white fibo line ??% is broken next we look at blue fibo ??%

But really big thanks.

P.S. If blue fibo 38.2% has been broken from below, where price will stop? at fibo blue 100% ?
I just understand, that yellow fibo is strongest ? and then white? and blue shows what?
  • #46
  • Sep 17, 2010 1:31am Sep 17, 2010 1:31am
Aebab, thank you very much for offering the templates for your system. I've just downloaded the breakouts template and added it to my MT4 settings. I use FXDD, so the numbers differ slightly from those on your illustrations, but they are close enough that the I hope it makes little difference. The trading updates you provide are extremely helpful too.

I only started looking at this yesterday, so am not yet using the system for trades, just familiarising myself with what means what. I look forward to reading more about the breakouts template and application.
  • #47
  • Sep 17, 2010 1:34am Sep 17, 2010 1:34am
JoeyD, for downloading the templates, once the file is downloaded, I just right click on the file and copy it to paste it into the Templates file on the MT4 programme. As soon as I've done that it appears as a template option on the open MT4 chart.

Hope that helps.
  • #48
  • Sep 17, 2010 2:02am Sep 17, 2010 2:02am
Quoting Joeyd
Would someone please explain how to download these templates - for some reason after downloading all I get is a page full of script. Thank you.
Do not open the file. Save the file to your desktop. Then drop it into templates file on your MT4.

K.I.S.S.
  • #49
  • Sep 17, 2010 3:26am Sep 17, 2010 3:26am
Quoting simplecoders
Hello aebab,

Thank you very much for your templates.
I am trading on a demo account using the template in your first post.
I find that the pink lines are excellent for break out strategy in H4 and daily tome frames. Going by them, our prediction that EURUSD should touch 1.31474 should be perfect. Great going!!!
Hi
Yes . 2days ago I predicted that it will be stopped at 1.3118 then will get to 1.3147 and yesterday it happened . In this system you can find Trends , Power of Trends , How Trends are powerful to break a point and much more .
Just needs practice . Later I will post the way to find . Even in this system you can find that the range of the day will be a big break out or a ranging day is expected . Its also very very useful for Scalpers
.
I am sorry that I do not have time to provide all very quickly . As I am involved in my business , any time that I am free I post . I have a wealth management company and sometimes I am so busy.
But I will keep posting
Learn to walk before you run
  • #50
  • Sep 17, 2010 3:37am Sep 17, 2010 3:37am
Quoting Sheumais
Aebab, thank you very much for offering the templates for your system. I've just downloaded the breakouts template and added it to my MT4 settings. I use FXDD, so the numbers differ slightly from those on your illustrations, but they are close enough that the I hope it makes little difference. The trading updates you provide are extremely helpful too.

I only started looking at this yesterday, so am not yet using the system for trades, just familiarising myself with what means what. I look forward to reading more about the breakouts template and...
Please before downloading this template , try to work with 1st template . Because you can trade with that easily and when you get expert with that you should use break out templates.
For example you can enter the market last night with 5 pips stoploss at 1.3059 and with 100 pips of TP if you follow the instructions and find , draw the Down Reversal point . In H4 time frame you can not do that and 15M is the best
Learn to walk before you run
  • #51
  • Sep 17, 2010 3:43am Sep 17, 2010 3:43am
Hi Aebab, I am reading this thread with interest. Thank you for sharing the system and let me try to understand it during this weekend.
  • #52
  • Sep 17, 2010 3:46am Sep 17, 2010 3:46am
Hi,

I like FF and the plurality of opinions it offers... I would like to mention to all the newbies out there that there is no magic market strategy, and I'm not suggesting that this system is a "magic" strategy. This system, along with other Fibonacci systems relies simply on the eye "seeing shapes in the sky".

Markets do indeed trend. They do indeed retrace. This method may be a little better than straight up fib lines, but no more so. Create your own fib formula, and watch how your brain sees it conform to market movements.

You may be successful using this system, but I would like to remind you that it may have simply given you the confidence to place a trade. Perhaps this kick is all you need?


-Markets respond to round numbers
-Markets respond to previous support/resistance
-Arbitrary price levels are likely to be close to any number of support/resistance levels.

Bonne courage a tous.
  • #53
  • Sep 17, 2010 4:25am Sep 17, 2010 4:25am
Quoting krishelis
Best system I have ever seen.
I hope in future will be EA and indicators that will automatically calculate every month phases and etc.

It would be great if you will post where we should look next when some fibo line is broken( i know, you posted some examples). example: white fibo line ??% is broken next we look at blue fibo ??%

But really big thanks.

P.S. If blue fibo 38.2% has been broken from below, where price will stop? at fibo blue 100% ?
I just understand, that yellow fibo is strongest ? and then white? and blue shows what?
Yellow lines are the most important lines . But along with blue and white lines you can enter the market . But for priority if you are a day trader ,
1- Find reversal points (High and Low)
2- Yellow Lines are very important .
3- Take looking at white Fibo lines .
4- After becoming expert at this template go to next template which is more accurate for break outs.

In future I will post more templates for different strategy .But I let you become familiar with the system to stop confusing.
Have a great trade
Live with trading and never trade with your life
Learn to walk before you run
  • #54
  • Sep 17, 2010 4:33am Sep 17, 2010 4:33am
Hi Aebab

Just a quick question. You said if it passes .38 twice it is in an uptrend and should reach phase 4. Which it has? So are we due for a reversal now?

Regards
  • #55
  • Sep 17, 2010 4:40am Sep 17, 2010 4:40am
Thanks for this system but i am still utterly clueless, is it possible to include in post 1 in what condition should we enter long or short and what condition should we exit. I am now just guessing if i understand the whole entry and exit.
  • #56
  • Sep 17, 2010 4:49am Sep 17, 2010 4:49am
now i see the price is near 161% so it will retrace to 100%?
  • #57
  • Sep 17, 2010 4:53am Sep 17, 2010 4:53am
is this correct picture ?
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 23 KB
  • #58
  • Sep 17, 2010 4:53am Sep 17, 2010 4:53am
Quoting hardearned
Hi Aebab

Just a quick question. You said if it passes .38 twice it is in an uptrend and should reach phase 4. Which it has? So are we due for a reversal now?

Regards
No . If it passes 2.38 of phases means 2 phases and 0.38 of that (for this month 1.2947) this will be an uptrend and should reach to phase 4.
this area is a good reversal point but if it can break 1.3197 then it fails and can reach 1.3323 .
so if you sell 1.3158 put your stop loss above 1.3197
I am selling at 1.3158 and I have 2 orders .First with only 10 pips stop loss and second is above 1.3197
if you just draw and find High Reversal point then you get why I put my stop loss there
Is it worth to put 10 pips stop loss and get 100 pips TP? As I did last nigh .(only 5 pips Stop Loss and then 0)
If you get familiar with the system and find , draw Low reversal point then you could enter the market in the best level.
If I get stop loss , today I will not trade . As I have gained around 90 pips profit and now I am in selling .
____________________________________________
Live with trading , Never trade with your life
Learn to walk before you run
  • #59
  • Sep 17, 2010 4:55am Sep 17, 2010 4:55am
Quoting aebab
Please before downloading this template , try to work with 1st template . Because you can trade with that easily and when you get expert with that you should use break out templates.

Thanks Aebab, I am trying to get to grips with the original template first. I'm a long way from confident I've quite got the hang of when a broken line isn't signalling a trend and when it is, but time will provide the clarity I need, hopefully.

One of the things that appealed to me about this system is that it relies on Fibonacci and nothing else, as I've seen other systems changed so much from their original concept it brings into question the effectiveness of the original system. It sounds to me as if the differing templates are for differing circumstances rather than representing wholly different techniques, which doesn't undermine the original system.
  • #60
  • Sep 17, 2010 4:59am Sep 17, 2010 4:59am
Quoting xx13x13
is this correct picture ?
Yes . I think so . Just draw High Reversal point which is 1.3162
Learn to walk before you run
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