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Aboonacci System - for EUR/USD prediction

  • #681
  • Edited 4:09pm Sep 27, 2010 3:54pm | Edited 4:09pm
Quoting FXMajors

I've been reading this thread for almost a week, I finally took the trade using your method.
Majority in this thread talking about EU reaching

100% Phase PA level @ 1.3534, but let me tell you what's gonna happened.

If this level doesn't hit overnight then:

Sep 30 (Thursday) Initial/Continuing Claims Employment US data coming up..

Starting from SEP 28th (tomorrow)-->29th you can safely short EUR.. Or maybe even from

today, cause nobody wants to get caught with their pants down (after making 800 pips profit) prior

US Employment Data... I'm looking on the Short site for EUR from now on,

regardless on lines...

Let's see what will really happens..

P.S:

"What goes up must come down"
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #682
  • Sep 27, 2010 4:04pm Sep 27, 2010 4:04pm
http://www.screencast.com/users/egaa...6-507086542d67
  • #683
  • Sep 27, 2010 4:06pm Sep 27, 2010 4:06pm
Quoting SkyzerFX
Majority in this thread talking about EU reaching

100% Phase PA level @ 1.3534, but let me tell you what's gonna happened.

If this level doesn't hit overnight then:

Sep 30 (Thursday) Initial/Continuing Claims Employment US data coming up..

Starting from SEP 28th-->29th you can safely short EUR.. Or maybe even from

today, cause nobody wants to get caught with their pants down (after making 800 pips profit) prior

US Employment Data... I'm looking on the Short site for EUR from now on,

regardless of lines...

Let's see what will...
Thanks for your input! Sky.
I trade what I see not what I hear!
  • #684
  • Sep 27, 2010 4:14pm Sep 27, 2010 4:14pm
Quoting FXMajors
Thanks for your input! Sky.
I trade what I see not what I hear!
It's too early to tell, USDCHF is higher already..

Can I be wrong? Sure, who doesn't, but lets watch..

It's still early till Thursday, but into that US Employment data,

We should see some USDx rise, - happens all the time..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #685
  • Sep 27, 2010 4:33pm Sep 27, 2010 4:33pm
Quoting FXMajors
Second Chart shows $ Index for strength and weakness...
Yes, I used to have that as well on my screen, but EURUSD is

more than 50% (57.6) weight on the USDx. Basically it goes appositive of

EURUSD

on the chart.. You'll find it pretty much useless soon.

Thank you for your screen shots.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #686
  • Sep 27, 2010 5:55pm Sep 27, 2010 5:55pm
Don't be so quick to judge this. Just because it hits a target once does not mean it works nor just because it does not hit a target once means it does not work.

If a system is winning 60% of the time it can be very profitable, with proper money management.

A lot of losers here looking for a 100% winning system. Who cares if it is not right 100% of the time. I'd be thrilled with anything over 60% winning.
  • #687
  • Sep 27, 2010 6:02pm Sep 27, 2010 6:02pm
Target reached.

High breakout1 triggered at 3426, tp 3495


Quoting Rocroy
Target reached.

New target setting: Low breakout1 3477, tp 3427
  • #688
  • Sep 27, 2010 6:47pm Sep 27, 2010 6:47pm

I currently use custom indicators in Metatrader that I have downloaded. For some reason I cannot get this application to download into my metatrader. I can see it when I download it because it keeps re-writing the application over what is downloaded. BUT I can't see it when I open metatrader. Any suggestions????

I am using an evaluation version of winzip, would that have anything to do with it? I am extremely frustrated. Maybe could someone email the file to me? I don't know I'm just frustrated. My email is [email protected]. Any suggestions are greatly appreciated. I have wasted the past 2 hours on this and I have to go to work right now.

Spencer

  • #689
  • Sep 27, 2010 6:57pm Sep 27, 2010 6:57pm
Quoting graciejj1

I currently use custom indicators in Metatrader that I have downloaded. For some reason I cannot get this application to download into my metatrader. I can see it when I download it because it keeps re-writing the application over what is downloaded. BUT I can't see it when I open metatrader. Any suggestions????



[left]I am using an evaluation version of winzip, would that have anything to do with it? I am extremely frustrated. Maybe could someone email the file to me? I don't know I'm just frustrated. My email is [email protected]....
Not sure what the problem is. First close metatrader. Then erase the version of this indicator that you currently have in the expertsindicators folder first. Then unzip the indicator to your desk top. Then move it into the indicator folder. Then start metatrader again.

I don't think it is a winzip issue, but you can try 7zip if the above does not work. 7zip is a free download and I like it better than winzip.
  • #690
  • Sep 27, 2010 7:42pm Sep 27, 2010 7:42pm
@ graciejj1

Do you mean the calculator? If so, it is a stand alone executable application (.exe). It doesn't run in MT4. Just save it to your "Desktop" and double-click to launch it.

Sorry if I have misunderstood what you are having a hard time with.
  • #691
  • Sep 27, 2010 8:40pm Sep 27, 2010 8:40pm
Hello Friends
I absolutely love this method as it is spot on in terms of resistences/support focusses on one of the most important aspects of trading which is a plan of a trade and it works brilliant on take profit zones. But as with any fib system there is always a problem with too many lines which will create problem planning a trade!

Reasons: I would appreciate if some one can provide insights on these aspects.

1. Power 3 template Lines of fibs due to phases and midphases (0,100,23,38,50,61,76)
2. Lines of pivots from fib calculator(Pivot,HBO,Target,LBO,Target etc..)
3. Lines from blue and white line (Breakout template not sure where this is)

  1. Current phase reversal point(current phase reversal point is 38.2% level of white Fibonacci)

  1. High Reversal Point

  1. Low Reversal Point


Now this is where the confusions is to plan a trade we need a clear objective method which is where we will get a set of rules. Can some one here explain how to plan a trade using this system with so many lines to use for decision making?

  • #692
  • Sep 27, 2010 9:04pm Sep 27, 2010 9:04pm
On post # 654 you will find a script done by "squalou" In regards to the method visit post #1 you will see the PDF link as well as video explanation.
Cheers


http://www.forexfactory.com/showpost...&postcount=654

Quoting adler
Hello Friends
I absolutely love this method as it is spot on in terms of resistences/support...
  • #693
  • Edited 10:11pm Sep 27, 2010 9:51pm | Edited 10:11pm
The daily close is at 1.3454 and the monthly value is at 50% : 1.3471

High break out is at 1.3487 High break out level 1 : 1.3454, target 1.3507, High break out 2 1.3554, target at 1.3592

Low break out is at 1.3410 Low break out level 1 : 1.3423, target 1.3411 Low break out 2 1.3380, target at 1.3338
  • #694
  • Sep 27, 2010 10:05pm Sep 27, 2010 10:05pm
Quoting simplecoders
Today, There should be no short trade as the Low break out level is at 1.3391
which is in the below phase. As a rule when the prices crosses the 8.2 level of a phase it should reach 100 % before changing its trend to down phase.
So it should be a long day today. Aiming to reach 100%.

As per the calculator, High break out 1 and its target are same. Same the case with High break out 2 and its target. But the hogh break out is at 1.3371 which the price managed to touch but yet to break.

Let us watch the day.
Please check your close and monthly value. My figures are way different than yours.
  • #695
  • Sep 27, 2010 10:10pm Sep 27, 2010 10:10pm
Quoting fxsense
Please check your close and monthly value. My figures are way different than yours.
They are completely different to mine as well. I have:

High breakout 1: 1.3453
Low breakout 1: 1.3422
  • #696
  • Sep 27, 2010 10:18pm Sep 27, 2010 10:18pm
A message from Aeabab....

" Hello to everybody
[4:34:15 AM] ***: Please be aware of emotional trading.
[4:39:15 AM] ***: When market comes below Low Reversal Point (38.2%) of white Fibonacci , The market will range and that is good to come out of trade on top. And also I saw that you are appointing SL in a wrong way. BreakEven is good , But when You have not executed your buy at lowest point , so you should put your SL , -7 of lowest price.
[4:39:48 AM] ***: Please someone take this note and publish it to the thread
[4:40:33 AM] ***: The software is going very well and I hope it will be finished in a couple of hours
[4:40:58 AM] ***: bye"
  • #697
  • Sep 27, 2010 10:21pm Sep 27, 2010 10:21pm
Quoting luckylady
They are completely different to mine as well. I have:

High breakout 1: 1.3453
Low breakout 1: 1.3422
Mine is same as your. He may not have used NY close for calculation.
  • #698
  • Sep 27, 2010 10:24pm Sep 27, 2010 10:24pm
Quoting hutrader
A message from Aeabab....

" Hello to everybody
[4:34:15 AM] ***: Please be aware of emotional trading.
[4:39:15 AM] ***: When market comes below Low Reversal Point (38.2%) of white Fibonacci , The market will range and that is good to come out of trade on top. And also I saw that you are appointing SL in a wrong way. BreakEven is good , But when You have not executed your buy at lowest point , so you should put your SL , -7 of lowest price.
[4:39:48 AM] ***: Please someone take this note and publish it to the thread
[4:40:33 AM] ***: The...
Someone else is bound to ask this, what does he mean by the "lowest price"
  • #699
  • Sep 27, 2010 10:25pm Sep 27, 2010 10:25pm
Quoting simplecoders
The daily close is at 1.3454 and the monthly value is at 50% : 1.3471

High break out is at 1.3487 High break out level 1 : 1.3454, target 1.3507, High break out 2 1.3554, target at 1.3592

Low break out is at 1.3410 Low break out level 1 : 1.3423, target 1.3411 Low break out 2 1.3380, target at 1.3338

Looks fine now.
  • #700
  • Sep 27, 2010 10:49pm Sep 27, 2010 10:49pm
Quoting fxsense
Looks fine now.
Cheers
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