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Aboonacci System - for EUR/USD prediction

  • #401
  • Sep 23, 2010 8:51pm Sep 23, 2010 8:51pm
Quoting hutrader
The weird thing is that it didn't reached the 1.3279 yet since we broke the
1.3290. And now we're back way above pivot for today what is for me at 1.3312
Is this not working during Asia or are some banks on this system and now try to screw all of us.? Every system will fail when it becomes popular?

I've attached my today calculation.
Close, Price went down to 3285 in IBFX. Now reversed and going up
  • #402
  • Sep 23, 2010 8:55pm Sep 23, 2010 8:55pm
Quoting ES Trader
Long , broke 3328 , 38.2% SL 3280, Target 3407
Not using this system yet but I have that same trade in place.
Today's zone = Tomorrow's opportunity!
  • #403
  • Sep 23, 2010 8:55pm Sep 23, 2010 8:55pm
Look at the daily chart. How price when breaks the Magenta line seem to go exactly to next magenta line. Incredible !!
Attached Image (click to enlarge)
Click to Enlarge Name: trading.gif Size: 62 KB
  • #404
  • Sep 23, 2010 8:59pm Sep 23, 2010 8:59pm
Quoting ES Trader
Look at the daily chart. How price when breaks the Magenta line seem to go exactly to next magenta line. Incredible !!
I have confidence in it that we should hit the phase bottom. So no I keep my shorts what I took in yesterday @ 3355 targeting 3280, Since we've been only to 3285 I will trade the edge.
  • #405
  • Sep 23, 2010 9:02pm Sep 23, 2010 9:02pm
Quoting hutrader
I have confidence in it that we should hit the phase bottom. So no I keep my shorts what I took in yesterday @ 3355 targeting 3280, Since we've been only to 3285 I will trade the edge.
I went long because of quote from Aboonacci at the first post:

"In this system , all fibonacci which are drawn are constant until end of the month. If %38.2 of fibonacci levels are broken from down , then it will meet 100%"
  • #406
  • Sep 23, 2010 9:05pm Sep 23, 2010 9:05pm
Quoting hutrader
The weird thing is that it didn't reached the 1.3279 yet since we broke the
1.3290. And now we're back way above pivot for today what is for me at 1.3312
Is this not working during Asia or are some banks on this system and now try to screw all of us.? Every system will fail when it becomes popular?

I've attached my today calculation.

This is how I understand the readings:


Since the Low break out of 1.3373 is less then the Low break out 1 of 1.3289 , I prefer to put a pending sell order at 1.3373 with profit taking at 1..3378. But as the profit margin is very less i do not put it .

Rather i prefer to enter trade at Low break out 2.

On the long side the high break out is at 1.3351 and the high break out 1 is at 1.3321. I put a a pending order at 1.3351 and the target is at 1.3374 which is the target for High break out 1.
  • #407
  • Sep 23, 2010 9:10pm Sep 23, 2010 9:10pm
Quoting ES Trader
I went long because of quote from Aboonacci at the first post:

"In this system , all fibonacci which are drawn are constant until end of the month. If %38.2 of fibonacci levels are broken from down , then it will meet 100%"
I think that he ment if we pass one phase and break the 32.8 from down to the upside.
Since we had a top in place @ 1.3439 we didn't breach the 38.2% which was @ 1.3455. Since we came from down to up. Let me know if I'm wrong but this is how i got it. However, it did stop at the August Phase.
  • #408
  • Sep 23, 2010 9:11pm Sep 23, 2010 9:11pm
Quoting ES Trader
Long , broke 3328 , 38.2% SL 3280, Target 3407
You seem to be trading this system a bit differently? Aebab said his max stop is 30 pips but often 5 pips. Your stop is about 50 pips. Also, you said 38.2 is broken. I thought entry for the "break" of 38.2 is 3335?
  • #409
  • Sep 23, 2010 9:31pm Sep 23, 2010 9:31pm
Quoting ES Trader
I went long because of quote from Aboonacci at the first post:

"In this system , all fibonacci which are drawn are constant until end of the month. If %38.2 of fibonacci levels are broken from down , then it will meet 100%"
yesterday we've reached 3303. that was below 38.2%. We went up after that. Why didn't you take the trade to the 100%? I really think he meant when a PHASE get's broken from the downside up after breach of 38.2 go for 100%.
Hope ae get's up early :-)
  • #410
  • Sep 24, 2010 12:29am Sep 24, 2010 12:29am
Hi Bobi,

Could you please tell us what would be the best place to put stop loss for the following two strategies:

1) If in a month 2.38 of phases are passed (or 301 pips) then price will trend in the prevailing direction and trend will not be reversed and will at least get to the 4th phase.

2) If 38.2% of yellow fibonacci levels are broken from down, then it will meet 100%.
  • #411
  • Sep 24, 2010 12:49am Sep 24, 2010 12:49am
Hi,

I like to make things simple. In the current phase, price has broken the 38%. Does that implies that the price will go to 3407 (which is the 100%)? According to the rule.

Many thanks.

Ibuks.
  • #412
  • Sep 24, 2010 12:58am Sep 24, 2010 12:58am
Quoting Ibuks
Hi,

I like to make things simple. In the current phase, price has broken the 38%. Does that implies that the price will go to 3407 (which is the 100%)? According to the rule.

Many thanks.

Ibuks.
If I understand correct, the price has passed 38% on Wednesday, and already reached 100%, 1.3404. This is the second time, I am not sure it will go to 1.3404 again.
  • #413
  • Sep 24, 2010 1:31am Sep 24, 2010 1:31am
Good morning.

If you are unsure how the calculator works, have a look at post 324, where it shows you to go short at High Break Out 1, with a stop loss above High Break Out and target shown below the figure shown for Low Break Out 1.

Someone else pointed out it is best to wait for the London open, which is in about 30 mins.

Hope this helps.
  • #414
  • Sep 24, 2010 1:49am Sep 24, 2010 1:49am
Quoting SkyzerFX
I don't know why he's using third party file exchange sites when

files can be attached right here.

Ok, I attached .pdf (inside .zip file) and Indicator..

Good luck.
Why you attach this files here?
How you will update this files with new version?

Iam developer of Aboonaci indicator and this is not yet final version.
Final version will be avalible next month!

Current version look like this:

http://farm5.static.flickr.com/4144/...4cb05e50d2.jpg

Today I will start develop indicator for blue and white lines.
Next project is indicator for pivot calculator...

e-ValTrg
  • #415
  • Sep 24, 2010 2:14am Sep 24, 2010 2:14am
Now the nice thing is we trade above 1.3322. So would the target be 1.3375?
  • #416
  • Sep 24, 2010 2:21am Sep 24, 2010 2:21am
Hi Guys,
Can someone advise me here about the pivot calculator, I cannot open the zip version, it is constantly coming up as corrupted, could someone possibly put a different attachment version on, so I can download, would greatly appreciate.

Great system by the way, takes a bit of following especially the differing fibo lines, but nothing falls in your lap, everything takes hard work.
great work Bobi, and other contributors, respect to you all

Tom
  • #417
  • Sep 24, 2010 2:39am Sep 24, 2010 2:39am
It's probably worth being wary of the German news announcement due in about 20 minutes.
  • #418
  • Sep 24, 2010 2:42am Sep 24, 2010 2:42am
If you're struggling to unzip the file, it might be worth downloading 7-Zip. It's freeware and should unzip it for you.

http://www.7-zip.org/
  • #419
  • Sep 24, 2010 2:52am Sep 24, 2010 2:52am
Thanks for help, but I have a unzip file programme, easyzip but everytime i click on file it comes up as a message saying this is not a zip file, it is a self-extracting file and not in standard zip file format or it is corrupt, head scratching time! most annoying because it is such a very good tool.
Any advice would be greatly appreciated

thanks

Tom
  • #420
  • Sep 24, 2010 2:57am Sep 24, 2010 2:57am
Quoting booktimes
Thanks for help, but I have a unzip file programme, easyzip but everytime i click on file it comes up as a message saying this is not a zip file, it is a self-extracting file and not in standard zip file format or it is corrupt, head scratching time! most annoying because it is such a very good tool.
Any advice would be greatly appreciated

thanks

Tom
Here it is.
Attached File(s)
File Type: zip AbonacciPivot.zip   357 KB | 627 downloads
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