I don't think any of us fully understand the method. We may understand bits and pieces of it, but there are many unanswered questions that only aebab can answer.
Meanwhile the thread is turning into a garbage dump of random thoughts and interpretations. There is almost no quicker way of killing a thread than loading it up with this kind of thing. The only thing that will ruin it sooner is an EA being introduced.
It would be great if we limit ourselves to questions directly to aebab.
Hopefully he will answer them. Then if someone tries to go through the thread he won't have to wade through the trash to get to the meat.
Joined Sep 2010
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Status: Please Don't Judas Me
|432 Posts
I really agree with this. Frankly, though I use Fibonacci religioulsy I am struggling in following this system right from the start....where to plot the fibs, what a "phase" is..etc. It is obvious this system works great according to many posts here. But clear, concise, and comprehensive instructions would save so much of the confusion and would be so much appreciated.
I don't think any of us fully understand the method. We may understand bits and pieces of it, but there are many unanswered questions that only aebab can answer.
Meanwhile the thread is turning into a garbage dump of random thoughts and interpretations. There is almost no quicker way of killing a thread than loading it up with this kind of thing. The only thing that will ruin it sooner is an EA being introduced.
It would be great if we limit ourselves to questions directly to aebab.
Hopefully he will answer them. Then...
Ignored
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
Great post Billbss,,
couldnt agree more, I think most people put on there entry, targets and stops for some sort of confirmation, unfortunately Bobi is not around alot so the thread majority of the time is running itself, I have followed many threads and systems and this particular system etc is not easy, I have not come across anybody on the thread yet that is 100% sure of what they are doing, the rules are not straight forward and quite frustrating at times, entries are difficult to define unless you say go long/short at break of 50% on breakout chart, then what about supports/resistance, following fibes is not straight forward when you use 1 set, but now we are looking at 3 sets, yellow, blue and white. Sorry if I am sounding a bit negative, I really don't mean to be, I think Bobi has been exceptional in what he has done so far, and I am extremely grateful, maybe I need to read the entire thread again over the weekend, but I do believe that this is one of the best systems out there, and what is the number 1 thing in Forex.......Patience!!!!
Spent half the day calculating stuff and going through everything...only found a few tidbits, but I understand why he would not want to continue this on..
I've tried to work with fibs many times but I've never with any fib system been able to work out if price is supposed to reverse at a certain point or if it is likely to go through it, so its not something new to this thread.
Today I've been working with the GBP/USD template (which apparently isn't quite finished) and the calculator and found its great for targets. Even if you use it along with another entry signal you have, its still extremely accurate in that the majority of times if the calculator says its going to reach a price, it does, I love it, but I'm planning on using other entry signals I have but it certainly gives more confidence in them.
where is the guru himself?...who has his contacts?
Ignored
Hi
I am with you . Just I am working on the software to make improvement and also I want to change that the way only you enter a close . Thats all and Monthly value will be deleted and also it will provide interpretation by words. I hope I can finish that in this weekend . Nice to see many are going well in their predictions.
Firstly I would like to thank aebab for all his incredible information.
I have studied Fibonacci for a long time and never seen it used this accurately anywhere else before.
Given that Fibinoacci is a set of ratios, I have been testing the Calculator on shorter time frames like D1,H4 and H1. It is extremely accurate and very profitable.
Firstly I would like to thank aebab for all his incredible information.
I have studied Fibonacci for a long time and never seen it used this accurately anywhere else before.
Given that Fibinoacci is a set of ratios, I have been testing the Calculator on shorter time frames like D1,H4 and H1. It is extremely accurate and very profitable.
Once again, thanks aebab for all your hard work.
Ignored
You are welcome . If traders go well and practice, they can find a new way and unique way for themselves with that and if it happens I can upload new templates with lot of new features .
Aboonacci System - for EUR/USD prediction
