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Aboonacci System - for EUR/USD prediction

  • #421
  • Sep 24, 2010 2:59am Sep 24, 2010 2:59am
7-Zip worked for me when another unzip wouldn't. I tried to attach the unzipped file for you, but it wouldn't let me. Sorry.
  • #422
  • Sep 24, 2010 3:03am Sep 24, 2010 3:03am
Hi Mcphrant
many thanks for the attachment, it worked, unzipped, now to just work out the figures to put in lol
thank you guys and thanks to she

Tom
  • #423
  • Sep 24, 2010 3:22am Sep 24, 2010 3:22am
Quoting simplecoders
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.

Can anything be more sweeter than the above !!!! The target got hit !!!

Once again thank you Abeb!!1
  • #424
  • Sep 24, 2010 3:43am Sep 24, 2010 3:43am
Using a close of 1.3312 and a monthly value of 1.3344 gives a pivot of 1.3312. As the price remained above the pivot, going long when 1.3322 was broken, with an initial target of 1.3375, seemed to be the indicated strategy. With 1.3375 broken. the new target appears to be 1.3417, though resistance at the 76.4 white line is in place.

As I'm still learning, I didn't follow this strategy with a trade, just on paper. I'm wary of being right for the wrong reasons, so does that reflect how others read it?
  • #425
  • Sep 24, 2010 4:26am Sep 24, 2010 4:26am
Quoting simplecoders
Can anything be more sweeter than the above !!!! The target got hit !!!

Once again thank you Abeb!!1

Abonacci Long Trade date 24/09/2010 London Open
The Trade of this morning

Calculation:
Close of the Day: 1.33138
Monthly Value (50% level of current phase): 1.33406
Target: 1.3372 (Gold)
HighBreak out 1: 1.3319 (Green)

Visual presentation on Chart M15
Target and HighBreak out1 were placed in the chart M15

Target was reached.

eTrader,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdAbonacciCalculation24092010.JPG Size: 63 KB
Click to Enlarge Name: eurusdAbonacci24092010-01.jpg Size: 109 KB
  • #426
  • Sep 24, 2010 4:36am Sep 24, 2010 4:36am
Quoting eTrader
Abonacci Long Trade date 24/09/2010 London Open
The Trade of this morning

Calculation:
Close of the Day: 1.33138
Monthly Value (50% level of current phase): 1.33406
Target: 1.3372 (Gold)
HighBreak out 1: 1.3319 (Green)

Visual presentation on Chart M15
Target and HighBreak out1 were placed in the chart M15

Target was reached.

eTrader,
I am close but slightly different.
Attached Image
  • #427
  • Sep 24, 2010 4:40am Sep 24, 2010 4:40am
Becos of what happened today, I am almost concluding that each time 38% is broken, then we may see 100%. So irrespective of how many times it has happened.

What do you think people???.....

I also noticed that news is also detected by this system if you apply sixth sense indicator to your chart. Chk out this chart ..its a 15mins chart of eu: http://screencast.com/t/MWRlZDNk

Very interesting fib system.......much more than a fib indeed.

What I will advice is that ...try to make things simple for yourself and dont over analyse. Just go with the flow.

Ibuks




Quoting xyz555
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.
  • #428
  • Sep 24, 2010 4:54am Sep 24, 2010 4:54am
"try to make things simple for yourself and dont over analyse."

Good advice, as I'm easily confused.

Aebab said "If 38.2 of fibonacci levels are broken from downside, then it will meet 100%", so, yes, it seems to work. I was slightly hesitant on that because of the fluctuations of the price before the London open this morning and, though the system seems to work very well, am still to gain sufficient confidence to act on what I think might be the right strategy.

I notice the variety of templates and applications all offer slight variance in targets. For example using the original September template oj one chart shos the white 23.6 line as resistance at 1.3312, but the indicator shows the white line at 1.3314. That suggests the calculation will be slightly different, so it is the principle, rather than the absolute figure, which is important.
  • #429
  • Sep 24, 2010 4:54am Sep 24, 2010 4:54am
For calculating the figures for Monday, should we take the Friday close or Sunday Close?
  • #430
  • Sep 24, 2010 5:02am Sep 24, 2010 5:02am
on my calculations our next target should be new monthly high 1.3458ish?
lets see?

Tom
  • #431
  • Sep 24, 2010 6:01am Sep 24, 2010 6:01am
Quoting e-valtrg
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
great job, makes it easy to plot what Abonacci teaching are, e-ValTrg.
  • #432
  • Sep 24, 2010 7:14am Sep 24, 2010 7:14am
where is Aebab...pls come back...
  • #433
  • Sep 24, 2010 7:16am Sep 24, 2010 7:16am
Quoting hutrader
I am close but slightly different.
According to your numbers, long should have been taken at 3329? Where would the SL be placed?
  • #434
  • Sep 24, 2010 7:32am Sep 24, 2010 7:32am
I must admit that this system is spot on but id like to know if the aboonacci calculator may be used to calculate new breakout levels at levels of resistance and support such as a current candle which is holding above the magneta line?
  • #435
  • Sep 24, 2010 7:49am Sep 24, 2010 7:49am
I posted earlier that next target should be 1.3458ish, which is also a new monthly high and it reached to date 1.3455, pretty damn close, where to next I do not know, but it is pretty remarkable this pivot calculator, when used properly, major respect to Bobi.
Thank you for all your efforts

Tom
  • #436
  • Sep 24, 2010 8:14am Sep 24, 2010 8:14am
The 38.2% of this phase was hit. According to the last page of the pdf document, once broken we should be seeing 100% of the current phase which is 1.3530. The 38.2% of the current phase now seems to be broken.
  • #437
  • Sep 24, 2010 8:23am Sep 24, 2010 8:23am
Quoting mcphrant
The 38.2% of this phase was hit. According to the last page of the pdf document, once broken we should be seeing 100% of the current phase which is 1.3530. The 38.2% of the current phase now seems to be broken.
Be careful. It's a good rule, but not at the moment. Today price moved up by more than 100pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: rrr.jpg Size: 129 KB
Click to Enlarge Name: rrr2.jpg Size: 89 KB
  • #438
  • Sep 24, 2010 8:37am Sep 24, 2010 8:37am
Quoting krishelis
Be careful. It's a good rule, but not at the moment. Today price moved up by more than 100pips.
Agreed that the ADR must be considered. I was only re-quoting what was in the pdf document. Could get a pullback before heading to target.
My trades are currently biased to the long side.
  • #439
  • Sep 24, 2010 8:41am Sep 24, 2010 8:41am
As I understand on the breakout template if 50 % is broken it should go to 100 %, So i went long.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 25 KB
Click to Enlarge Name: Untitled1.png Size: 23 KB
  • #440
  • Sep 24, 2010 8:50am Sep 24, 2010 8:50am
Target 1 and 2 achieved.

I know I may sound repetitive, but, this stuff is simply amazing.

Mind blowing, Bobi. Hats off to you.
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