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Aboonacci System - for EUR/USD prediction

  • #301
  • Sep 22, 2010 11:50pm Sep 22, 2010 11:50pm
Morning.
I have this right now

above 1.3405 go long for 1.3478?
And below 1.3357 go short for 1.3309?

By the way, do we look the close on the 15 minute bar or 1 hour? 4 hour?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: ABB1.jpg Size: 72 KB
  • #302
  • Sep 23, 2010 12:02am Sep 23, 2010 12:02am
Quoting hutrader
Morning.
I have this right now

above 1.3405 go long for 1.3478?
And below 1.3357 go short for 1.3309?

By the way, do we look the close on the 15 minute bar or 1 hour? 4 hour?

Thanks

"Close of the day" will be same on 15 min, 1 hour & 4 hours (if the 4 hour bar doesn't cross over to next day).
I use 1 hour candle (Last one of the day) to determine close of the day.

Cheers
Garfield.
Trading is SIMPLE not EASY.
  • #303
  • Sep 23, 2010 2:26am Sep 23, 2010 2:26am
Dear Traders,
Please download the PDF file . I have gathered all descriptions I posted in this thread and I added rules and expressed explicitly.
Download link:
http://www.4shared.com/file/wYEiroUE...ning_Ver1.html
Learn to walk before you run
  • #304
  • Sep 23, 2010 2:30am Sep 23, 2010 2:30am
ThanksSSSSS.
  • #305
  • Sep 23, 2010 2:34am Sep 23, 2010 2:34am
Thanks for all your trouble Aebab !
This is a gr8 system and the more I trade it, the more I like it !
  • #306
  • Sep 23, 2010 2:39am Sep 23, 2010 2:39am
Hi Aebab,

I tried going short @ 3404 twice with 7 pips stoploss. Both the time my stoploss was hit to the pip and price the moved down. Now I see price going down (@3368 at present) as expected.

Just wanted to know what could be the best place to put stoploss in this situation.
  • #307
  • Sep 23, 2010 2:52am Sep 23, 2010 2:52am
Thank you again Aebab, you're very generous.
  • #308
  • Sep 23, 2010 3:04am Sep 23, 2010 3:04am
Quoting fxsense
Hi Aebab,

I tried going short @ 3404 twice with 7 pips stoploss. Both the time my stoploss was hit to the pip and price the moved down. Now I see price going down (@3368 at present) as expected.

Just wanted to know what could be the best place to put stoploss in this situation.
you should have put your stop above the 23.6% or waited for London open, sounds like you went in before london open.

I shorted at 1.3400 with stop at 1.3435. Target1 1.3377, achived.
Target2 1.3343, target3 1.3280

Cheers
Garfield
Trading is SIMPLE not EASY.
  • #309
  • Sep 23, 2010 3:10am Sep 23, 2010 3:10am
Quoting aebab
Dear Traders,
Please download the PDF file . I have gathered all descriptions I posted in this thread and I added rules and expressed explicitly.
Download link:
http://www.4shared.com/file/wYEiroUE...ning_Ver1.html

i dont understand any of this
  • #310
  • Edited 3:21am Sep 23, 2010 3:10am | Edited 3:21am
Quoting garfield75
I shorted at 1.3400 with stop at 1.3435. Target1 1.3377, achived.
Target2 1.3343, target3 1.3280
Nice one , man!

Let's see if it's gonna break 1.3355 ( 61.8 yellow level ) .
If broken , according to the rules, (broken from the upside) it should go down
to 1.3325 (1st target) and 1.3277 (2nd target) .

Cheers and pips.
Indiana
  • #311
  • Sep 23, 2010 3:14am Sep 23, 2010 3:14am
Quoting fxsense
Hi Aebab,

I tried going short @ 3404 twice with 7 pips stoploss. Both the time my stoploss was hit to the pip and price the moved down. Now I see price going down (@3368 at present) as expected.

Just wanted to know what could be the best place to put stoploss in this situation.
The Price is so close to top of the phase . Other side High Break Out1 and Target are the same .
Why don't you watch high break out?
follow the picture to find out how to put your stop loss .
Attached Image (click to enlarge)
Click to Enlarge Name: how to put stop loss in sell order .gif Size: 29 KB
Learn to walk before you run
  • #312
  • Sep 23, 2010 3:17am Sep 23, 2010 3:17am
Quoting Indiana Pips
Nice one , man!

Let's see if it's gonna break 1.3355 ( 61.8 yellow level ) .
If broken , according to the rules, (broken from the upside) it should go down
to 1.3025 (1st target) and 1.3277 (2nd target) .

Cheers and pips.
Indiana
Hi Indiana

Where are you getting your targets from ? The calculator or after you have drawn your blue white fibs ??

Regards
  • #313
  • Sep 23, 2010 3:20am Sep 23, 2010 3:20am
Quoting garfield75
you should have put your stop above the 23.6% or waited for London open, sounds like you went in before london open.

I shorted at 1.3400 with stop at 1.3435. Target1 1.3377, achived.
Target2 1.3343, target3 1.3280

Cheers
Garfield
Thanks for your reply.

I had same targets, but seems my stoploss was too tight. I have seen Bobi mentioned 7 pips buffer in few of his post and thought to try it. It kind a worked, because price reversed just after a pip or two. Anyway moving on to next trade.
  • #314
  • Sep 23, 2010 3:24am Sep 23, 2010 3:24am
Hi,

Quoting hardearned
Hi Indiana
Where are you getting your targets from ? The calculator or after you have drawn your blue white fibs ??
Regards
the first target from calculator (see my previous post), which is the same
of 38.2% fibo yellow level of the current phase.

The second one is the pink fibo level ( 0% of the current phase).

Cheers,
Indiana
  • #315
  • Sep 23, 2010 3:28am Sep 23, 2010 3:28am
Quoting aebab
The Price is so close to top of the phase . Other side High Break Out1 and Target are the same .
Why don't you watch high break out?
follow the picture to find out how to put your stop loss .
Thanks for your reply Bobi,

I have seen High breakout level, but in one of your earlier post you have mentioned that if Buybreaktoutlevel-1 and target-1 are same, then it is a strong resistance and difficult to break. So, I just took my chances with a smallest possible stoploss. As you can see it almost worked if it wasn't for a pip or two.

Btw, thanks for the pic. This is the kind of specif answer I was looking for. Surely, it will help other traders as well in the future.
  • #316
  • Sep 23, 2010 3:53am Sep 23, 2010 3:53am
Aebab

Very interesting system!! Only read a few posts....need to understand it a little better before applying it on demo, however the concept sounds good so far.

Thanks for sharing.

Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #317
  • Sep 23, 2010 4:04am Sep 23, 2010 4:04am
Quoting Indiana Pips
Nice one , man!

Let's see if it's gonna break 1.3355 ( 61.8 yellow level ) .
If broken , according to the rules, (broken from the upside) it should go down
to 1.3325 (1st target) and 1.3277 (2nd target) .

Cheers and pips.
Indiana
Why 1.3325 ? Did you forget Current phase reversal which is 1.3336?
Learn to walk before you run
  • #318
  • Sep 23, 2010 4:13am Sep 23, 2010 4:13am
Quoting aebab
Why 1.3325 ? Did you forget Current phase reversal which is 1.3336?
Where price should stop when it go reverse ? 61.8 yellow 1.3358 ?
  • #319
  • Sep 23, 2010 4:16am Sep 23, 2010 4:16am
Quoting krishelis
Where price should stop when it go reverse ? 61.8 yellow 1.3358 ?
You have calculator . Put a price which is the main support you think and calculate it and let me know then I will correct you if you are wrong .
You have tool , man
Learn to walk before you run
  • #320
  • Sep 23, 2010 4:28am Sep 23, 2010 4:28am
So far good levels,good reversal points.
It would be nice if someone can make indicator to draw all mid levels-fibbos not only base lines and base fibbos but also blue and white and brake out levels.I think it would not be a problem for good programmer.So in the begining of the month you only provide base level and indicator should do all the rest and maybe to highlight important levels with heavier line.

Good work,thanks.
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