Aboonacci System - for EUR/USD prediction

Its gone very quiet in the room, are people studying the charts me thinks and working out the next move, i inputed the high for today 1.3649 and got a low break out of 1.3611 with a target of 1.3562 which is just about on the 23.6% line of current phase, any comments?

Tom

Target for high break out was .3635 and was reached, the high was .3637..


Where did you get .3562?

confirmed,im short 1,3604 TP 1,356ish

booktimes has recalculated on the high, but the high I have is 1.3637 not 3649.

yes, i got it, the high was different than mine (3637)

Isn't it amazing how with this, seemingly, incredible system in out hands (even if only for a few more days), we can still find time to attack eachother.

If SFX doesn't trust, like, beleive, have faith, care, respect or any other word that one would care to choose, why does it upset everyone so.

He has posted quite elequently, I beleive, and has only attacked as a defensive measure...........

Like Guru said, if you do not wish to hear what he says, then put him on ignore, and this applies to others too.........

For those that have traded a while or already have a system, you should spend more time working on how to fit this into that system, and for those that are new to trading (and there are a few in here), you should spend some time reading candle patterns etc etc because even if this system is correct 100% of the time, you WILL make more pips knowing about candles.

Bobi -

Another trader who I respected greatly and who, sadly, got banned from being baited (lead into argument) once said in his thread:

What do you have that wasn't once given to you?

I know it is a line from the bible, but I am not sure who said it.

My quote to you after reading your earlier post is:

Power to the people

I do hope that you continue to share your formulas and figures and calculators................

Regards

Lee

ps...... now onto the business of making pips

pps.... Yes, I did enter at the 38%+7 pips yesterday

Hi guys
yeah my metatrader showed a high of 1.3649, that is a big difference, im quite pissed about that, might have to change it, my brokers high was 1.3638, so that tallies with you guys, i inputed new high into old calculator, (not too sure how new one works) and got low breakout figure of 1.3608 and target of 1.3558 which would be quite a big retrace target actually and below 23.6 of current phase, this might be a watcher me thinks, it is basically going against all forex principles in that dont go against the trend any thoughts

Tom

Friends, another successful day!!! Long target hit!!

Interesting to see the 76.4 has been the stopping point for retracements back to the 23.6 to 0 line and then we go back upto complete the 100% hit.

Just an observation ...

What`s amazing is the consistency of the phases and lines, and the targets. It always hits the target within a few pips if the 38.2% phase has been passed and the high breakout has been passed.

I also entered the trade albeit a bit lower than 38.2% as it had already passed that level, then tapered off, and set the TP at 1.3630 as a precaution in case it didn`t hit target. And guess what, it met exactly the level predicted(100%)/breakout target! So a easy 55pips trade, just by going by the 38.2%/breakout level and no other indicators!

Too bad this was on a demo account

That is a great technical view compass, but dosent tally with what calculator says, that says we should now be heading down towards 1.3558 and price is below 38.2 line also, is this complicated or is it just me lol

Tom

we need more rules from aebab,its kinda confusing...especially using calculator if you enter new daily hish/lows if its valid or we should keep daily close no matter what is going on

Bigger Fib play. I am targetting 1.36610 100% Fib as the 38.2% has been broken.

Just noticing the size of retracements in each phase is very interesting. Usually around 50-61.8%.

Your question just ties in perfectly with my post.

This is a question for Bobi, if he has the time (and inclanation ) to answer it. (that is not meant in a mean way).

If you have your own trading strategy, then I fully beleive, at this stage, you can use the old calculator and simply make judgement calls on whether you go north or south.

I'll give you a quick example of a trade that I am in right now. If you look at price around the 11.45am (fxpro) time, then you will see a confluence of MA's (if you have them), PPA, and divergance..... so this makes for a good are to recalculate and enter if possible....which I did.

My other post, and this one has a picture , is that Bobi stated some time ago that Trendlines do not matter, and I want to challenge that a little. I beleive they do matter, BUT only if they are in the right place.

Comments are on the chart.

Lee

great post lee

If you read back through his posts you can see where he tells people they can re-calculate based on highs and lows if they want to. Especially if it reaches a target (which it did this morning) and then starts to go the other way. A couple of his own trades that he posted on here were done with a re-calculation after reaching a target.

@leemonk

100% of every phase is very tricky point,you can see that if price reaches that point it kinda hesitate...my interpretation of this is that 100% of every phase and high reversal point area act like resistance if the price is going upwards...now you should be very carefull and proly wait for breaking high resistance point (and go long till 38% of phase,wait for break and go long for 100%) or if breaking high resistance point fails go short for few pips

and at the same time check breakout template in case price goes from 100% to 50 % ...in this case you go short from 50% to 0% of breakout template

i hope its not confusing,feel free to correct me

http://content.screencast.com/users/...0-11.23.22.png


Discussion in Abonacci Group:
[9:11:25] Bobi Abonacci: pleassssss
[9:11:30] krish:
[9:11:37] Bobi Abonacci: get out of those shits
[9:12:17] Bobi Abonacci: when they know nothing they bring a reason for it
[9:12:30] Bobi Abonacci: I show u right now
[9:12:39] Bobi Abonacci: execute new software
[9:13:02] Attila: Executed
[9:13:16] Bobi Abonacci: all done?
[9:14:12] krish: i have this line in the chart, but i dont knwo reason why this level is so hard to break
[9:14:39] Bobi Abonacci: I mean all executed and ready?
[9:14:48] Attila: I am ready bobi.
[9:15:01] badria: yes
[9:15:15] Bobi Abonacci: ok enter last close
[9:15:26] Bobi Abonacci: 1.3584
[9:15:38] Attila: Done ....
[9:16:07] Bobi Abonacci: see on the right side .
[9:16:11] Bobi Abonacci: passage support
[9:16:17] Bobi Abonacci: 1.3531
[9:16:20] Attila: yes
[9:16:22] Bobi Abonacci: is that right?
[9:16:26] badria: yes
[9:16:30] Bobi Abonacci: ok
[9:17:19] Bobi Abonacci: deduct 1 pip and put it in the close and recalculate it . (1.3530)
[9:18:01] Bobi Abonacci: done?
[9:18:02] Attila: Done ...
[9:18:15] badria: ok
[9:18:29] Bobi Abonacci: now click to get signal
[9:18:40] Bobi Abonacci: TP3=1.3623
[9:18:57] Attila: yes. ...
[9:19:12] Bobi Abonacci: It was exactly 1.3623
[9:19:39] Bobi Abonacci: so This is the place that traders may decide to go or wait .
[9:19:54] Attila: Aha ok
[9:20:29] Attila: And we've been as high as 1.3635 or so but back to 1.3623 again
[9:20:39] Bobi Abonacci: Everything is pre-determined .
[9:21:13] e-ValTrg: but when you know to use Pasange Support
[9:21:53] Bobi Abonacci: its a question?
[9:22:09] Attila: I'd use it every day
[9:22:34] Bobi Abonacci: passages should be used all the times you trade
[9:23:02] Attila: So one could conclude from this if 1.3637 is passed than add 7 pips to it and if it spikes above we could go long?
[9:24:07] Bobi Abonacci: passages says 1.3531 if is passed and can pass 1.3579 that was already passed . it should reach to 1.3637
[9:25:27] Bobi Abonacci: 1.3637 is a keypoint . If u go short here put stoploss 1.3644 and
[9:26:33] Bobi Abonacci: software said target=1.3634
[9:26:51] Bobi Abonacci: see how exactly stopped there?
[9:28:00] Bobi Abonacci: I like to know your idea when u see the results. Do you ever think that u could appoint a level without any indicator or any other tools?
[9:28:31] Bobi Abonacci: Now see 1.3637 how that is behaving
[9:28:55] Bobi Abonacci: 4 pips s.l is enogh
[9:29:44] Bobi Abonacci: I mean higher than1.3644
[9:30:01] Bobi Abonacci: I am not recommending to sell here!!
[9:30:07] Bobi Abonacci: I am just talking
[9:30:37] Bobi Abonacci: we are talking about behavior of the market
[9:33:03] Attila: If we pass 1.3646 ~ 1.3651 we should go long as it states in the buy area?
[9:33:14] Attila: calculated from 1.3584
[9:33:50] Bobi Abonacci: yes , its a signal to 1.3696
[9:34:02] Attila: ahaaaa
[9:34:07] Attila: now I start to get it
[9:34:07] Bobi Abonacci: but the software is not talking about time
[9:35:08] Bobi Abonacci: Like 2 days ago. Most of u were waiting to be sure it may reach 100% or not . You were not totally believed on it
[9:35:14] Attila: So if you sell now the target would be 1.3531 ?
[9:35:24] Bobi Abonacci: finally when it reached all got happy
[9:35:57] Bobi Abonacci: 1.3589
[9:36:27] Bobi Abonacci: if goes down , today has no power to come and break . I think so
[9:37:11] Attila: Why 1.3589 ? is that the High breakout level area?
[9:38:43] Attila: But still think we need conference call once
[9:39:44] Bobi Abonacci: new one is more accurate'
[9:40:09] Bobi Abonacci: but results the same
[9:40:41] Bobi Abonacci: I think u will call me Baby if we go on!!
[9:41:01] Attila: hihi to 1.3589
[9:41:04] Attila:
[9:42:48] Bobi Abonacci: do u believe that u needed new calculator?
Because you had no understanding of 1.3637 as a main key point

e-ValTrg

yes i know about it thats why i recalculated at dailys high and went short at 1.3604 with TP 1.356ish

as i understand it now if you enter daily close in calculator its like daily forecast...for intraday u enter lows/highs,im waiting now for 1.356 to confirm my recalculation

http://content.screencast.com/users/...0-11.35.48.png

e-ValTrg