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Aboonacci System - for EUR/USD prediction

  • #601
  • Sep 27, 2010 6:58am Sep 27, 2010 6:58am
Quoting Old_Dog
The low of the day on my SB platform was 1.3425 -- that's good enough for me!

Squalou - thanks for posting last month's numbers. I got a phase gap of 131 but it is quite close.

But as I said, I don't know how to calculate the base line...

Regards

Old Dog
yes they are still okay...i think the slight differences in our calculations has to do with our different brokers
The World As It Is Can Do With Your Positive Disposition
  • #602
  • Sep 27, 2010 7:23am Sep 27, 2010 7:23am
Quoting fxsense
Same entry for me, however I'll close 1/2 position at 3495 and rest at 3530 which is near 100% of the phase and also breakout level 2 according to new calculation.

Stop loss is already at break even, so basically it is a free trade now.
target 1.3495 hit again!
The World As It Is Can Do With Your Positive Disposition
  • #603
  • Sep 27, 2010 7:24am Sep 27, 2010 7:24am
Quoting fxsense
Same entry for me, however I'll close 1/2 position at 3495 and rest at 3530 which is near 100% of the phase and also breakout level 2 according to new calculation.

Stop loss is already at break even, so basically it is a free trade now.
1st Target reached. Closed half position for 50 pips.

So far... 50 (for earlier sell position) + 50 = 100 pips. !/2 opsition to be closed at 3530. Stop loss moved to at 3455.
  • #604
  • Sep 27, 2010 7:25am Sep 27, 2010 7:25am
It just hit the 1.3492 target where I had a TP in for a total of 20 pips...you guys thinkk its going to make it to the 100% today??
  • #605
  • Sep 27, 2010 7:28am Sep 27, 2010 7:28am
doubters should continue doubting while we continue to rake in pips
The World As It Is Can Do With Your Positive Disposition
  • #606
  • Sep 27, 2010 7:29am Sep 27, 2010 7:29am
Quoting Rocroy
The next trade from st bottom 3425 using calculator is
high breakout1 1.3442, target 1.3495

Let's see how this plays out.
nice trade.
  • #607
  • Sep 27, 2010 7:34am Sep 27, 2010 7:34am
Quoting liberty71
doubters should continue doubting while we continue to rake in pips
yes. So much for forex is unpredictable. Market is random. This system can be use to win lottery amd all kind of Blah Blah Blah. Nut cases.
  • #608
  • Sep 27, 2010 7:47am Sep 27, 2010 7:47am
I guess I'm ready to sell again... but I want try for 1.3525 if we get there
good levels, good thread,,, goood people,
Thank You bobi and other Traders in this thread....
  • #609
  • Sep 27, 2010 8:09am Sep 27, 2010 8:09am
Quoting liberty71
target 1.3495 hit again!
Guys

Attached a 15-min chart of our two trades so far today.

Look how the PA confirms the trades -- a classic hammer at the low and a double-wick rejection at the high.

Both of these are high-probability trades. We have independent confirmation from two sources - Bobi's levels AND Price Action!

Woof! Woof!

Old Dog
Attached Image (click to enlarge)
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  • #610
  • Sep 27, 2010 8:11am Sep 27, 2010 8:11am
Quoting fxsense
yes. So much for forex is unpredictable. Market is random. This system can be use to win lottery amd all kind of Blah Blah Blah. Nut cases.
How long you've been trading??? 3 days?? You going to find out

what I've said earlier one way or the other.. How many big name

analysts Banks were predicting Euro 1:1 and below for Dollar?

You think you are smarter than them? I'm sure soon, I'm going to

read your messages in some other "SYSTEM" threads. Look how

traders with some 5+ years trading experience still appearing in System

threads. Why??? Cause there is no system. As there is no system

for Roulette. Only Probability higher or lower.. And on Forex with all those "systems"

and indicators 95%

traders are losing money. So tell me, who's got better Odds Forex or

those who trying to scalp few pips here and there?

I know, it's easy to be Cocky on Demo accounts.. Everything works there.

P.S:

You want to see what real PRO's are doing?

check out this thread: http://www.forexfactory.com/showthre...22441&page=167

There is a posts with high probability setups on different currencies.. But it's still guessing even with FIBO / all

trend lines and Support and Resistance. Always possibility to fail.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #611
  • Sep 27, 2010 8:20am Sep 27, 2010 8:20am
Quoting SkyzerFX
I won't feed you anymore, troll.
no hard feelings...

i believe everybody and every contribution whether positive or otherwise has enhanced the validity of this strategy.

the doubters are like critics, a wise writer would rather be a friend of any critic and then sharpen his/her areas of weakness that has being pointed out by the critic whether the critic was maliciously or otherwise.
The World As It Is Can Do With Your Positive Disposition
  • #612
  • Sep 27, 2010 8:30am Sep 27, 2010 8:30am
Quoting SkyzerFX
How long you've been trading??? 3 days?? You going to find out

what I've said earlier one way or the other.. How many big name

analysts Banks were predicting Euro 1:1 and below for Dollar?

You think you are smarter than them? I'm sure soon, I'm going to

read your messages in some other "SYSTEM" threads. Look how

traders with some 5+ years trading experience still appearing in System

threads. Why??? Cause there is no system. As there is no system

for Roulette. Only Probability higher or lower.. And on Forex with all those "systems"

and...
the best nature of man is the positive ones...the best of humans are those who decidedly and deliberately took on a positive outlook at living despite the glaring odds...in fact, that attitude can change a seemingly impossible scenarios to possible realities.

i know forex is not about wishes but it's equally not about 100% accuracies...this is the reason why any system that is at least 70% accurate in 100% of the time should be celebrated.

casting aspersions on the system is not a worthwhile thing to do when others are making money.

today alone, i have made about 1200usd on this system...and in my country(Nigeria) that amount is more than the salary of an assistant Bank manager.
The World As It Is Can Do With Your Positive Disposition
  • #613
  • Sep 27, 2010 8:37am Sep 27, 2010 8:37am
Quoting liberty71
i know forex is not about wishes but it's equally not about 100% accuracies...this is the reason why any system that is at least 70% accurate in 100% of the time should be celebrated.

casting aspersions on the system is not a worthwhile thing to do when others are making money.

today alone, i have made about 1200usd on this system...and in my country(Nigeria) that amount is more than the salary of an assistant Bank manager.
Good for you. See not only system, but human factor (fear / greed)

playing

big role as well, so one could be profitable and other losing by using the

same technique.

Good luck.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #614
  • Sep 27, 2010 8:38am Sep 27, 2010 8:38am
Quoting liberty71
today alone, i have made about 1200usd on this system...and in my country(Nigeria) that amount is more than the salary of an assistant Bank manager.
Damn fine work, my friend.

It must be in your blood. My mate Odiogo is Nigerian he is a bloody good trader too!

Best regards

Old Dog
  • #615
  • Sep 27, 2010 8:47am Sep 27, 2010 8:47am
I wonder if I'll ever get the hang of this.

With the low of the day hitting 1.3425, some of you then enter that in the calculator as the "Close" and that gives you the new target? Where does it say to do that?
  • #616
  • Sep 27, 2010 8:49am Sep 27, 2010 8:49am
Quoting Old_Dog
The low of the day on my SB platform was 1.3425 -- that's good enough for me!

Squalou - thanks for posting last month's numbers. I got a phase gap of 131 but it is quite close.

But as I said, I don't know how to calculate the base line...

Regards

Old Dog
Hi Old Dog,
I hope i did not make your pacemaker blow up again just kidding...


For those who would want to experiment with BaseLevel and PhaseRange on EU or other pairs, here is the script i coded to draw the Phases that i posted this morning.
Put it to your experts/scripts folder, compile with MetaEditor, or shutdown+reload MT4 (auto-compiles whatever is "new").


The inputs include the BaseLevels and PhaseRange for ONE "floating" month only, because Aug and Sep are drawn with Aebab's suggested values as defaults.
So you can play with the "floating month" inputs.
You can run the script multiple times to draw different months, they will be drawn in addition to already existing Phases, or replace the ones that are already drawn for that same month (no overlap).

August and September levels are hardcoded in the script, but you can prevent drawing them by setting the "DrawDefaultAugSepPhases" to false.

You can ask to remove all drawn Phases by setting the "RemovePhases" to true.
It will not draw other Phases.
Run it with RemovePhases set false to redraw new Phases again.


Some of you did already explore that path and found out that PhaseRange values other than 127 seem to work well too.
Old Dog just mentionned 131, someone else suggested 138.

Yet we still need to find the formula for the BaseLevel value...

It's yours to explore now...

============


Main Inputs:


PhaseMonth:
// Month date for the level to be drawn in addition to the already "known" ones

BaseLevel: Monthly "base level" price, = Phase #0 level

PhaseRange: pips between "phases"

DrawDefaultAugSepPhases: set to true will draw the default Aebab's released Phases for Aug and Sep 2010; set false will not draw them

RemoveObjects: set to true to just remove already drawn Phases, and not redraw Phases;

=============


SQ
Attached File(s)
File Type: mq4 sqAboonacciLevelsScript.mq4   8 KB | 402 downloads
  • #617
  • Edited 9:04am Sep 27, 2010 8:50am | Edited 9:04am
Target reached.

New target setting: Low breakout1 3477, tp 3427



Quoting Rocroy
The next trade from st bottom 3425 using calculator is
high breakout1 1.3442, target 1.3495

Let's see how this plays out.
  • #618
  • Sep 27, 2010 8:59am Sep 27, 2010 8:59am
Quoting Sheumais
I wonder if I'll ever get the hang of this.

With the low of the day hitting 1.3425, some of you then enter that in the calculator as the "Close" and that gives you the new target? Where does it say to do that?
Hey, don't be downhearted, mate! And don't try to make it too complicated!

Earlier, we just put in the two numbers (close and mid-point) and got two new numbers. I drew a couple of lines on my chart at these levels.

Traders are then howling, "What do I do now?", "Do I go long?", "Do I go short", "Aaaaaaargh!!!".

Just let the candles guide you.

Look carefully at my last chart. I didn't enter the market until the hammer at the low. That just yelled at me to go long. The after the double-wick rejection at the high, I took a short with the SL on the other side of the 76.4 Fib.

That's my 100 pips for the day and I am done!

Hang in there!

Old Dog
  • #619
  • Sep 27, 2010 9:02am Sep 27, 2010 9:02am
Quoting Rocroy
Target reached.

New target setting: Low breakout1 3477, tp 3427
So you basicaly set reached target as new "close" ?
  • #620
  • Sep 27, 2010 9:03am Sep 27, 2010 9:03am
where can i find a step by step manual of this system for new trader?
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