Aboonacci System - for EUR/USD prediction

Thanks Aebab, would be great if you can explain this all in your next video I'm sure most of the readers would appreciate to see a video with this all explained.

Thanks again hope to participate in this thread.

Thanks for sharing your system and knowledge of trading. Video helped very much. Look forward to more. Thanks again. Barry

Hi
Video is in .rar file. How do you open it?
Thanks

You need a program that will open it.

jZip is a good one. It's free.
Google it.

Thanks

Are you serious? Download and install Winrar

http://www.rarlab.com/download.htm

On Thursday price breaks 38.2 of 3rd Phase (1.3073) So we expected to reach 1.3151 (Please update your template as I made a mistake during duplication and 0% was not overlapped in some phases . Because during duplication 0% of each phase should be overlapped exactly on 100% of previous phase and a trader informed me by email and I appreciate him now its corrected ).
As the price is getting to top of Phase 4 , we expect a reversal to happen as I posted before happening. You can sell in 100% level of Phase 4 and put you stop loss higher than 38.2 of 5th Phase (1.3200).
On Friday , when the market comes down it reaches to 0% level of phase 4 and stopped there and tries to be reversed and it encounters a resistance in 1.3295.
To find this resistance go to a new window and apply Abonacci Break Out Template . Draw a fibonacci from 76.4 to 23.6 level of that current Phase .You see that a good resistance is appeared on new fibonacci (23.6 % of new fibonacci) . If market want to go down this level (23.6% or 38.2% ) should not be broken and if you go short here , your stop loss should be higher than 1.3108.
The advantage of Abonacci trading is its supports and resistances that are constant up to end of the month . So if you find a support or resistance level , you can rely on it up to end of the month . Also you can find these supports and resistances before they be created because its a rule based system and in other systems you should always watch the chart in the past to find supports and resistances . But in Abonacci system you know main supports and resistances before they happen and their fixity is a big advantage . Its a new concept in trading .

Is my explanation helpful? Or I have to explain more . Because I think I am not a good educator

I expect 2 scenario to happen .
1- Market gaps up and goes toward 1.3066 and then comes down toward 1.3020 . Then goes below 1.3010 and after breaking this point it comes up but can not break 1.3057 and goes down to 1.2971.

2-Market gaps down toward 1.3020 or 1.3010 ,comes up and can not break 1.3098 and goes down toward 1.2971
I do not expect the market can break that big resistance today . Breaking of 1.2971 and specially 1.2953 will alert a return to Main Phase.

Aebab, you have certainly created an intresting thread here, however as your trading is solely based on Fibonacci and your complex formula, I'm sure most others like me would appreciate if you can put your expalanation in video format and explain in detail as its more clear to follow you that way. I hope this wont be asking too much if it is than yes plz carry on explainig the way you are and I'm sure qustions will be asked where need be.

Thanks

Sorry I have just recently started reading about this strategy. To see if understand correctly, if we see a break and close below 1.3038 ... then should we eventually see 1.2911 ? Or I am being too simplistic ?

Main question still, how to trade this story?

Basically you trying to figure out direction of the room fly,

Should it get landed on the sofa? TV? Or maybe chair?

I think big help would be simply post some real time trades..

Looking at your NET it doesn't explain anything, really..

Why you think it's working? Well, if you think it does, just post

some trades to prove it.. Nobody can predict fly direction, cause

it's random, that's why 95% of the traders are losing money,

you want to know who's other 5%? Well, Bank traders / insiders..

You cannot make serious money, unless you know some insider

information, - everything else just a gambling...

P.S.

If you can post some Real time Trades, that might help to build some trust.

IMHO.

Hi dude,

I know you are a good trader because I have seen your posts on EU/USD.

But surely you would agree if you held a short position on Eur/USD at the beginning of the year you would have made a brilliant return if you was to close today ? So maybe we are all guilty of over complicating this business with indicators and scalping strategies.

I believe (please correct me if I am wrong) these lines are showing us break our areas and where TP will be once this break out areas are breached. If you study the chart for september I think you will be able to identify a number of brilliant entries.

I think there is tremdendous value here.

NOBODY knows what will happens but there will be about 10+ scenarios

and whoever scenario works will say he got the GOLDEN KEY

What about that? (Personally I'm looking for flat or down case,

till FOMS on Tuesday) Won't short either... Too risky.. Dollar is about

to tank big, and I prefer Buy / hold / Average.. Let's see who's

mister right..

but I agree. perhaps we need.

1) A pure step approach to how to apply this strategy.
2) Case examples of how this approach worked
3) Some case examples of when this approach failed.
4) Any historical data of how well this method has preformed would also be very nice.

Thanks !

Sure, bro, I will not correct you on this, because I think everyone is right and wrong trading Forex at the same time.

By the way, I understand the value aebab presents here, not trying

to destroy it, but because only in a dispute born the truth...

Let see which way this fly (EURUSD) will go..


I think it will trade in RANGE next 2 days... Until FEDS give a green

line to short Dollar..

Good luck for all of us, - let's try to make some pips..

I do not know you are a Fibonacci trader or not . But yes you are true . If market goes below 1.2971 ,specially 1.2953 then it goes up to 1.2909 but supposed to go 1.2871

thank you

Dear trader.
I am not going to prove myself or my strategy as there is no benefit on it . I described why I am here for posting this thread .
If you just go back and read the posts carefully you see that I have posted real trades . #19 , #20 #50 and specially #58 I offered to sell . Even some good traders caught the subject and offered the signal .
Second , I did not say 10+ scenarios is going to happen . Just 2 scenarios I offered the time that market was closed . You seem to be an active trader . Don't you plan before trading? . This market is like a battle . I designed 2 scenarios for myself . First I said it gaps up to 1.3066 .It happened exactly (If your broker is opened at 20:00 GMT like FXPRO or FXCM new platform) . Why do not see that the first scenario happend . I believed the first scenario will happen thats why I mentioned it first . Anyway no need to say more . I also believe in a dispute truth is born . But I learned a dispute should be creative . Here we are not in a race to prove ourself . Just wait until the end of the month , then see what will happen with this strategy . I respect the way you trade and also I think you know Fibonacci trading . But please read the story carefully one more time .
The time that I am posting this reply , The price came and stopped in a main support which is 1.3035 (if you download Abonacci_BreakOut template and apply that you will see)Please ask yourself how this line is introduced as a support at the beginning of the month ? On Sep 15 , we introduced high reversal point . Please refer to it and see that . Now that point is playing the role of support .
Are these accidental? Don't you think that we have to assist each other to build a good strategy to help each other? Just check the past . Check the price how sensitive the price is to the lines drawn ? If you are a good trader and Fibonacci trader that I feel you are , you can say why Friday low price is 1.3018 ? If you do not say I will say that in my next post . It will be part of our learning . Say 1.3018 in your strategy , because you can say that in Aboonacci strategy if you are a Fibonacci trader.
I can say all steps at a time but makes confusion for other traders , specially those who are not exactly familiar to Fibonacci trading .
Best regards

[quote=aebab;4032605]I expect 2 scenario to happen .
1- Market gaps up and goes toward 1.3066 and then comes down toward 1.3020 . Then goes below 1.3010 and after breaking this point it comes up but can not break 1.3057 and goes down to 1.2971.quote]


So now that price broke 1.3057 level. would this invalidate your prediction of hitting 1.2971?