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Aboonacci System - for EUR/USD prediction

  • #481
  • Sep 25, 2010 9:51am Sep 25, 2010 9:51am
Quoting SIGMA Time
Hey Old Dog , how do you run this calculator in window vista?
Not sure off the top of my head as I don't use it. But I pulled this off the help site for you... Looks like they have hidden the command prompt in Vista to be "helpful"...

Regards

Old Dog

Quote
Commands in Windows Vista

Originally, Microsoft intended to incorporate a new command shell in Vista but then decided to make the new shell a stand-alone application. The new application is called Powershell and is described on another page. Thus, the old command interpreter cmd.exe has been continued although in a slightly newer version.
  • #482
  • Sep 25, 2010 10:00am Sep 25, 2010 10:00am
Quoting Old_Dog
Very few things turn me on these days (some things still do http://cdn.forexfactory.com/images/s.../yim/happy.gif)
Oi Oi!! hahaha

well mate if you find this similar, you could be the translation bridge! Would be cool to share your use of the levels.. I mean I think thats why bobi made this thread because he wants interaction
  • #483
  • Sep 25, 2010 10:22am Sep 25, 2010 10:22am
Quoting neltonbenke
aebab
I would like clarification for what reason I post my messages here for forex factory are always to be approved by the administrator and are never accepted. If anyone knows why I am grateful. The only thing different is that I always put the messages in my native language, is this the reason? I write this message I am now using a translator.
Thank you all!
This has to do with you being a new member. It is the forum's rules, new members' posts have to get administration approval before they are submitted. I signed up about 6 months ago and i went through the same procedures.
  • #484
  • Sep 25, 2010 10:43am Sep 25, 2010 10:43am
Well, however we calculate these lines - and I am sure there are a number of ways to skin this cat and get very similar results - several folk are asking how to trade them.

This may not be Bobi's rules, but this is just my two-pennyworth showing what I do (and have done as long as I can remember).

You cannot just go into auto when the price approaches a level. You need to be a bit more cunning than that!

I look for good old-fashioned PA at the levels to tell me what to do. Please see the attached chart that I hand-picked to illustrate several points for you.

(A) Price comes down to red line at A and come back up with a bullish engulfing candle. So go long and ride it up to B.

(B) Price approaches top blue line and eventually reaches B. Classic hammer (pin-bar) here so good place to go short and ride down to red line again.

(C) Price has strong momentum and punches thru the red line with some force. Also note the re-test on the 2nd bar of C. STAY SHORT!!

(D) Price approaches D and forms a little doji-like candle. Could take a long punt here but with higher risk than the other trades.

With practice you can get around 8/10 calls right. Your "edge" here is having some high-probability levels where the market might stop and reverse, so you can set a nice tight SL and a realistic TP. Once you have set the trade, you can turn off the computer and do something more useful. When you log in again, the trade will either have been stopped out at a small loss or a larger profit.

Good trading!

Old Dog
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  • #485
  • Sep 25, 2010 11:00am Sep 25, 2010 11:00am
Don't know how but I tried a "new" approach on what i learned here (thanks guys).

Started by drawing a fibo whit positive levels and negative ones.
74 pips from 0.0 to 100.0.
Placed the 0 at the close of a 22:00 candle (FxPro Eur/Usd 15m).
The first cross of 23.6 and 38.2 tells you the direction is Up and it will reach the 100.0 level.
Same applies to -23.6 and -38.2. If these are the first levels to be crossed it will reach -100.0.
When we get a candle that closes outside 100.0 or -100.0 we just draw a vert line (for reference) and move the 0 of the fibo to the close of that bar (or if you prefer, you can draw a new fibo with the 0 on the close).
When we reach 22:00 again, we put other fibo on the close of the 22:00 candle but trade the previous one if it is still in play (if we didn't get any candle closing above 100.0 or below -100.0).
At this point we have to choose which fibo to trade (not easy I know). But the point here is that we can have about 5 winning trades out of 6 for what I could find manually back-testing.

The problem here is the 74 "no one" knows where it is coming from (except aebab lol).

Attached is a pic of current situation with the cross of 23.6 and 38.2 meaning we'll reach the 100.0 (or not). Lets see.

The grey fibo its just prepared to be moved.

Best regards
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  • #486
  • Sep 25, 2010 11:34am Sep 25, 2010 11:34am
Quoting Old_Dog
Well, however we calculate these lines - and I am sure there are a number of ways to skin this cat and get very similar results - several folk are asking how to trade them.

This may not be Bobi's rules, but this is just my two-pennyworth showing what I do (and have done as long as I can remember).

You cannot just go into auto when the price approaches a level. You need to be a bit more cunning than that!

I look for good old-fashioned PA at the levels to tell me what to do. Please see the attached chart that I hand-picked...
Good solid trading man. How I make my bread and butter too.. reading the candles is the key!
  • #487
  • Sep 25, 2010 11:35am Sep 25, 2010 11:35am
If the first phase meets the second level where is it interpreted that the 38.2 fib line then meets 100%

is it so that the first phase quadrant lines up and then we take the trade in that direction?

whats more can we give prediction upon following price action leading through the phase?

any thoughts?
  • #488
  • Sep 25, 2010 11:38am Sep 25, 2010 11:38am
Quoting TheDivine
As I understand form the thread and the pdf document, I have added next phase, phase 8 UP and done steps 1, 2 and 3 so we can find reversal point for current phase, which is phase 7. Also I have added next phase on BreakOut template. Because we have BROKEN the level of this phase and we are in expectation to reach 100 %.

I also calculated pivots from Friday's close and 50 % value of current phase.

I hope that I understand well and I have done the right thing.

Best Regards,
I have exactly the same view here on my setup :-)
In this case we will reach the 100% of the phase, the question is of course where to enter since we're already there.
Also, have you done a calculation with the white fibs? So add the 50% of the white one in the calculator and you'll get slightly different numbers.
Are those the reversal points?
  • #489
  • Sep 25, 2010 11:52am Sep 25, 2010 11:52am
Quoting Old_Dog
Hello,

Well, this is interesting. Just taken some weekend time to go thru everything again and run some numbers. Looks like my strategy is doing something not a million miles from Bobi's.

I am attaching my levels calculator for your use (it's in the zip file for safety). I have just tweaked the layout to match Bobi's for ease of comparison of the numbers. For some sets of inputs our outputted levels are very close. Other times, a bit more different. But I am sure the basic principles must be similar as mine is Fibs based too.

(Please note...
Couldn't imagine nobody would be able to use DOS or Linux.
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  • #490
  • Sep 25, 2010 12:00pm Sep 25, 2010 12:00pm
Hi
I was tired of development process , I just came to see whats going on the thread and inform that software is going very well . I have provided Buy@x Sl=y TP=z and Sell@x Sl=y TP=z . A lot of things like Low reversal points and high reversal points are automaticly calculated and shown in the software . Interpretation is added and shown by words . Monthly Value is omitted and you only provide a close .
In new version of Abonacci calculator , The provided Close can be any candle , any timeframe 5M,15M,1H,4H,Daily . This is the 2nd stage . Promise you that if this thread goes well , in near future you can put pending order for whole month and sit down aside . All pending orders will be provided with TP and SL. Like this version of that will be available tommorow or by Monday. It depends on you how fast this provision of software can go. Because my goal is to let people to know the reality of market movement and I know many will resist . They can not believe that you trade with only a close and not drawing lot of lines as trend , finding support and resistances that can not be so effective . I just expressed my idea about the market two days ago and saw what happened . I said its a downtrend , market had reaction and finally went down and took TP . Lot of traders can not believe , even when they see the results ( refer to my forecast at #325 http://www.forexfactory.com/showpost...&postcount=325 Many were going long for trade . But When it was comming up I was selling and closing in bottom . even I was not taking long position by next day . Many were laughing and ... but they saw what happend . As I said chart is not pushed by news and is independant from news. I said its obligation to get the target and nobody can stop the price . again laughing !!! next day happend and all saw many good traders gave buy signal according to software prediction. Anyway , my friend ,he is always trying to stop me to post my ideas and I said I will. But human breaks the promise!!
Have a nice weekend
Learn to walk before you run
  • #491
  • Sep 25, 2010 12:10pm Sep 25, 2010 12:10pm
Quoting aebab
Anyway , my friend ,he is always trying to stop me to post my ideas and I said I will. But human breaks the promise!!
Have a nice weekend
Hehe, screw em! Do what is right in your heart

and thanks from all us!
  • #492
  • Sep 25, 2010 12:14pm Sep 25, 2010 12:14pm
Thank you for your generosity Abeb!. Your first software is doing wonders. You next version should be doing wonder of wonders. With your mindset i am sure nothing negative will stop you in developing your trading arsenal. All the best!!
  • #493
  • Sep 25, 2010 12:49pm Sep 25, 2010 12:49pm
Quoting aebab
Promise you that if this thread goes well , in near future you can put pending order for whole month and sit down aside . All pending orders will be provided with TP and SL.
Hi Bobi

This is all good, very good. Let me add my thanks for all your hard work and generosity in sharing your valuable ideas.

I can't wait to see the software develop! I thought my system was simple with daily set-and-forget trades but your latest ideas sound amazing. Set-and-forget for the MONTH!! Incredible.

Kindest regards

Old Dog
  • #494
  • Sep 25, 2010 1:12pm Sep 25, 2010 1:12pm
Quoting hutrader
Couldn't imagine nobody would be able to use DOS or Linux.
I managed it
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  • #495
  • Sep 25, 2010 3:16pm Sep 25, 2010 3:16pm
Quoting luckylady
I managed it
Can you share how u did it? i am using vista and try it but i was unable to run the file.
  • #496
  • Sep 25, 2010 4:20pm Sep 25, 2010 4:20pm
aebab

I'm very fascinated by your trading system as I have come to develop a method that is based on Pivot calculations.

Could you please explain your take on Pivots ? You will also find that last candle on Friday has just hit R3 pivot and stalled.

Looking forward to understand your thinking

fun_demental
  • #497
  • Sep 25, 2010 4:47pm Sep 25, 2010 4:47pm
Welcome to the thread Old Dog! I personally love trading currencies - but I do this through trading Currency Futures as opposed to Forex. Just like you I depend on S&R & Fibs - but also through a couple of SMA's on my chart. Now if you really did get the hang of this system I would appreciate it if you can clarify it or put it in simple but comprehensive form. I harldy ever buy into any junk systems thrown on the web, forums,..etc. But I also think this guy has developed a great thing here.

Quoting Old_Dog
Hi Folks

Well, I guess every lurker gets pulled out of the shadows eventually by a thread - it just takes the right one. Not that I am a lurker! I am too old to spend all my time on computers - it hurts my eyes. And IMHO 99.99% of chat on internet forums is crap and a waste of the short(ish) time I have left. But my son is a big surfer and put me onto this thread.

A little about me FYI. I started in stocks in 1985 on a 2400 baud BT Prestel terminal through the phone line. Moved on with the internet revolution and been in Forex for a while. NO...
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #498
  • Sep 25, 2010 4:50pm Sep 25, 2010 4:50pm
Quoting a24ali
Can you share how u did it? i am using vista and try it but i was unable to run the file.
You should go to start menu and on run, write cmd.exe and hit Return (Enter).
After that if you know how to use Ms-Dos, you should navigate to the drive and folder where you have put the application and than run the levelcalc.exe and input values, which are close of the previous day and 50 % of current phase.

Best Regards
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  • #499
  • Sep 25, 2010 5:01pm Sep 25, 2010 5:01pm
Quoting aebab
Hi
I was tired of development process , I just came to see whats going on the thread and inform that software is going very well . I have provided Buy@x Sl=y TP=z...
I think you have said it very well and I honestly am amazed. Fibonacci taken to a higher level. I always say to people to ignore news. Price is already determined. We just don't know where but with your help we do!
In my life skills university our teacher told us " You can either be right or rich" I don't care if I am right or wrong, I rather keep silent and be rich.
So those who don't agree with your analysis, they probably stay poor.
I'd simply ignore them. We knew it was coming down. You where right again.

I keep thank you and the others for the huge support.
  • #500
  • Sep 25, 2010 6:19pm Sep 25, 2010 6:19pm
I have a couple of technical questions if someone can help please:

1. Do I have to have a Metatrader account to use the indicator,..etc. and make use of this system? I currently use Tradestation - but can open one if needed.

2. I couln't open these .tpl files which are apparently vital ones such as Abonacci_sep2010_power3.tpl - can someone tell me how I can open them?

3. Can I trade the EURO in a Futures account using this system as well? I know the market open & close times are different - but values, chart,..etc. are almost identical.

Thanks,
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
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