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Aboonacci System - for EUR/USD prediction

  • #1,121
  • Sep 30, 2010 2:53pm Sep 30, 2010 2:53pm
Quoting BlackStack
Didn't take you long to change your tune.
Perhaps I'm wrong but I took the post to be sarcasm.
  • #1,122
  • Edited 3:00pm Sep 30, 2010 2:55pm | Edited 3:00pm
these are my random lines, would be damned if they matched up to lilese's or bobi's levels, but they are just taken ideally
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  • #1,123
  • Sep 30, 2010 2:58pm Sep 30, 2010 2:58pm
Hello Friends

Please this is how I played today, I have a indicator when you put all the values from the new calculator just draws all the lines. If anyone is intrested let me know!

This is how it looks. Guys do u think it is a breakout at the eclipse to the upside or not? All ideas welcome , Bobi do you have any comments on this picture?
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  • #1,124
  • Sep 30, 2010 2:58pm Sep 30, 2010 2:58pm
It is, just ignore him..he is being a smart ass..some people need to feel smart to feed their ego.
  • #1,125
  • Sep 30, 2010 3:01pm Sep 30, 2010 3:01pm
Quoting adler
Hello Friends

Please this is how I played today, I have a indicator when you put all the values from the new calculator just draws all the lines. If anyone is intrested let me know!
post it if possible friend!
  • #1,126
  • Sep 30, 2010 3:04pm Sep 30, 2010 3:04pm
Quoting adler
Hello Friends

Please this is how I played today, I have a indicator when you put all the values from the new calculator just draws all the lines. If anyone is intrested let me know!

This is how it looks. Guys do u think it is a breakout at the eclipse to the upside or not? All ideas welcome , Bobi do you have any comments on this picture?

I would love to use the line drawing thingie
  • #1,127
  • Sep 30, 2010 3:06pm Sep 30, 2010 3:06pm
Quoting BlackStack
Didn't take you long to change your tune.

StopLoss is for none belivers... Trust the Gurus..
  • #1,128
  • Sep 30, 2010 3:07pm Sep 30, 2010 3:07pm
Quoting billbss
It depends on what you mean by "work".

There are so many different hybrid methods flying around here that some of them are bound to work.

Using the original calculator, as I understand it, there were two stop outs and no winners.

I'll admit I may not understand it.
It's a shame really, Bobi has done some great work. He has shown us something but we need more of an explanation to avoid polluting his system with our individual interpretation.
  • #1,129
  • Sep 30, 2010 3:10pm Sep 30, 2010 3:10pm
Quoting forexchequer
It's a shame really, Bobi has done some great work. He has shown us something but we need more of an explanation to avoid polluting his system with our individual interpretation.
sometimes FF is better than watching a comedy
StopLoss is for none belivers... Trust the Gurus..
  • #1,130
  • Sep 30, 2010 3:12pm Sep 30, 2010 3:12pm
Twas sarcasm. And that can't be avoided given how things have been presented.
Cheers
CanuckCT

Quoting BJ1
Perhaps I'm wrong but I took the post to be sarcasm.
  • #1,131
  • Sep 30, 2010 3:17pm Sep 30, 2010 3:17pm
Quoting billbss
It depends on what you mean by "work".

There are so many different hybrid methods flying around here that some of them are bound to work.

Using the original calculator, as I understand it, there were two stop outs and no winners.

I'll admit I may not understand it.
It depends entirely how you use it. High breakout was at 1.3648 + 7 and highest target was 1.3733 but with resistance (High Breakout figure) at 1.3665 so as that was also on the 100% line of resistance it would be sensible to come out there, which is why I didn't do it not enough pips to worry about, I was waiting for the second breakout which didn't come. Earlier on, the first trade was sell at 1.3597 (1.3604 -7) target 1.3555 it actually got to 1.3559 4 pips away from it, so in my particular case, I wouldn't allow 40 pips of profit go to nothing or a loss, but thats just me because I don't set pending orders and walk away very often, especially as short is not what eu has been about this month
  • #1,132
  • Sep 30, 2010 3:19pm Sep 30, 2010 3:19pm
Quoting forexchequer
It's a shame really, Bobi has done some great work. He has shown us something but we need more of an explanation to avoid polluting his system with our individual interpretation.

I hope when he's ready to present clear, solid explanations, he starts a new thread.

This one has turned into a garbage pile.
  • #1,133
  • Sep 30, 2010 3:25pm Sep 30, 2010 3:25pm
Quoting judokamak
I would love to use the line drawing thingie
I know experienced trader from EURUSD thread, who draw

those lines based on history.. go back to 2003 or so and draw lines

based on those support resistance levels, you going to be amazed

how currency follow them 8 years later.... Did example for you

That bottom blue Line is TODAY EU High.. same retrace EU made in

2007.. So? Line is respected 3 years later
Attached Image (click to enlarge)
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Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,134
  • Sep 30, 2010 3:31pm Sep 30, 2010 3:31pm
Quoting billbss
I hope when he's ready to present clear, solid explanations, he starts a new thread.

This one has turned into a garbage pile.
Couldn't agree more.
  • #1,135
  • Sep 30, 2010 3:38pm Sep 30, 2010 3:38pm
Quoting luckylady
It depends entirely how you use it. High breakout was at 1.3648 + 7 and highest target was 1.3733 but with resistance (High Breakout figure) at 1.3665 so as that was also on the 100% line of resistance it would be sensible to come out there, which is why I didn't do it not enough pips to worry about, I was waiting for the second breakout which didn't come. Earlier on, the first trade was sell at 1.3597 (1.3604 -7) target 1.3555 it actually got to 1.3559 4 pips away from it, so in my particular case, I wouldn't allow 40 pips of profit go to nothing...
Very good figures came of of the States today, one would have thought that the dollar would have gained today considering what's going on in euroland.
  • #1,136
  • Sep 30, 2010 3:51pm Sep 30, 2010 3:51pm
Quoting luckylady
It depends entirely how you use it....

What you are describing is discretionary on your part, not system trading.

You can modify the TP on any of these trades and say it was profitable.

4 pips away from the TP, then turning and hitting the SL is a loss.

Also, the Sentiment was below the Pivot. That should call for short trades only, if I correctly understand it.

There were two short breakouts and both hit SL.


I think the best thing to do is not try to make it up as we go. We need some clear, understandable explanations. Hopefully we will be getting them soon.
  • #1,137
  • Sep 30, 2010 3:59pm Sep 30, 2010 3:59pm
Hello guys

Here it is , i dint post it as i am still working on it. Anyway feel free to test it
and let me know any issues you face.

Regards
Attached File(s)
File Type: ex4 #AbonacciLevels.ex4   15 KB | 582 downloads
  • #1,138
  • Sep 30, 2010 4:02pm Sep 30, 2010 4:02pm
Is there any new videos available on how to set up this system since the new indicators have been added. Also I was wondering if this was the main site for this system or are people using a live instant message forum. I no a tonne of work has gone into this and great work by the way, just like the live or recorded how too's. TYIA
  • #1,139
  • Sep 30, 2010 4:03pm Sep 30, 2010 4:03pm
Thanks Adler, will use it for sure..
  • #1,140
  • Sep 30, 2010 4:06pm Sep 30, 2010 4:06pm
I think you guys are looking at the naysayers in the wrong light. We should welcome them with open arms. We should praise them, and tell them they are right, this abonacci thing just doesn't work.

(Then the believers, hopefully a small but loyal group, could make a killing and laugh quietly to the bank).

"If its easy and profitable to do, everybody would be doing it!"
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