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Aboonacci System - for EUR/USD prediction

  • #1,141
  • Sep 30, 2010 4:13pm Sep 30, 2010 4:13pm
Quoting crodzilla
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!"
Well Said!
Cheers
  • #1,142
  • Sep 30, 2010 4:18pm Sep 30, 2010 4:18pm
Quoting crodzilla
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!"

I don't have time to 'have a go' at them. I am to busy trying to work this 2nd generation calculator out .

I guess Bobi is going to have a late night..............

Good trading all and good night!!!!!!!

Lee
  • #1,143
  • Sep 30, 2010 4:19pm Sep 30, 2010 4:19pm
Quoting crodzilla
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!"
No comments to the subject. Really need to believe in as any other. Anyone who thinks they should believe or not. For those who are here from the beginning need not prove anything because it's more than proven. Congratulations to Bobby.
  • #1,144
  • Sep 30, 2010 4:22pm Sep 30, 2010 4:22pm
Quoting billbss
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.
Very true, but I don't think its a set system as such. The different ways he has put on here that it can be used must prove that. He has said you can recalculate during the day, you can use your present entry system and use the calculator for targets, you can use it to go between the break of the 61.8% down to the 23.6% and back up again, you can use it to "know" that when its gone through a level and then up through the 38.2 then it will go to the next level up.

Really, I think trying to say, go in here, out there is limiting what is basically extremely accurate support and resistance levels. Just my opinion of course.
  • #1,145
  • Sep 30, 2010 4:31pm Sep 30, 2010 4:31pm
Hello Lucky

I do think as well the same as the phase template was pretty accurate, But the new calculator has around 25 numbers come out which is quite a bit too scary to pick the best resistence and support?
On top i see 2 pivots,3 sell points(2 sell area and 1 sell), 3 buy points(2 buy area and 1 buy), 2for high breakouts, 2 for low it has 2 numbers for each one? Your thaughts on it. I would appreciate if Bobi writes a line on each of these numbers which would be far more enlightening and would make us use the calculator in a right way?

Also I feel less number of points much better it would become a better system. More numbers will eventually lead to more confusion
Just my 2 cents ! What you think,

Regards
  • #1,146
  • Sep 30, 2010 4:36pm Sep 30, 2010 4:36pm
Quoting adler
Hello Lucky

I do think as well the same as the phase template was pretty accurate, But the new calculator has around 25 numbers come out which is quite a bit too scary to pick the...
I totally agree with that, I am hoping that better instructions will come out, thats why I'm still using the old one at the moment. In the meantime, I noticed in the new calculator that if you take notice of the left hand side until you understand the right hand side, they are basically the same figures as in the old one.
  • #1,147
  • Sep 30, 2010 4:42pm Sep 30, 2010 4:42pm
Quoting luckylady
Very true, but I don't think its a set system as such....
I don't think any of us understand what all he's said. His remarks and that calculator can be used to justify any trade, on any candle, going in any direction.


I'm not knocking it, I just think we don't know what we're doing with it, yet


I took one thing he clearly said- no mistake about it, and found 78% winning trades during August and September. 28W- 8L.

It's totally mechanical. I don't have to adjust any SL or TP on a whim.

I believe there are other things like this, if we can decipher them from what he's saying.
  • #1,148
  • Sep 30, 2010 4:55pm Sep 30, 2010 4:55pm
Quoting billbss
I don't think any of us understand what all he's said. His remarks and that calculator can be used to justify any trade, on any candle, going in any direction.


I'm not knocking it, I just think we don't know what we're doing with it, yet


I took one thing he clearly said- no mistake about it, and found 78% winning trades during August and September. 28W- 8L.

It's totally mechanical. I don't have to adjust any SL or TP on a whim.

I believe there are other things like this, if we can decipher them from what he's saying.

Just one comment. I dont think you need to use re-calculations. You can use just the calculation from the US close and get 2 break out prices+targets+ pivot.

- So this is 2 possible trades per day. 1 for sure.

Next you have that 74 pip-fibo option, which works most of the time. considering risk/revard ratio it is also great.

- This is another daily trade possibility

And last, but should be first, you have 38.2-100 rule, which looking back, works all the time and gives you roughly 80 pips/trade.


My point: Just using this 3 basic setups can get you a lot of pips in one month, so why even bother with complicated stuff. At least for now....
  • #1,149
  • Sep 30, 2010 5:11pm Sep 30, 2010 5:11pm
Quoting judokamak
Just one comment. I dont think you need to use re-calculations. You can use just the calculation from the US close and get 2 break out prices+targets+ pivot.

- So this is 2 possible trades per day. 1 for sure.

Next you have that 74 pip-fibo option, which works most of the time. considering risk/revard ratio it is also great.

- This is another daily trade possibility

And last, but should be first, you have 38.2-100 rule, which looking back, works all the time and gives you roughly 80 pips/trade.


My point: Just using this 3 basic setups can...
I tested the original calculator for September.
I used the Sentiment and breakouts 1 and 2 with a 40 pip SL.
I had 16W 12L, with roughly a 1:1 r/r.

That's a small sampling. My guess is it'll be a break even method or maybe slightly profitable over the long haul .

The 74 pip angle had 6W- 2L - 1BE.
Maybe okay. 9 trades is too small a sample.

The 38%-100% method did real well.
78% W over Aug. and Sept. combined.

August didn't trend like September. It hit 67% W in August.
  • #1,150
  • Sep 30, 2010 5:28pm Sep 30, 2010 5:28pm
Quoting billbss
I tested the original calculator for September.
I used the Sentiment and breakouts 1 and 2 with a 40 pip SL.
I had 16W 12L, with roughly a 1:1 r/r.
I don't understand that then, because we did exactly the same testing and had: 4L and 14W for an end result of + 628 pips for the entire month, we also had a 40 pip stop loss. We traded breakout 1 to target and breakout 2 to target going just with the sentiment. The result could have been made better by not trading if the sentiment and pivot were less then 10 pips apart.
  • #1,151
  • Sep 30, 2010 5:37pm Sep 30, 2010 5:37pm
Dear traders
I have just started to calculate the phases and interpretation .I will upload it when finished .
Learn to walk before you run
  • #1,152
  • Sep 30, 2010 5:39pm Sep 30, 2010 5:39pm
Quoting aebab
Whatever we were expecting about the market happened and after 15 days of the life of this thread , 110,541 times is viewed in just 15 days and averagely 50 traders are viewing this thread that makes proud of all of us as "Abonacci System Community ".
Many are sending me email and asking for the next month template .
As I said , I will send it after close of NY market . As I want to include a month interpretation inside the software , so it will take whiles to upload it . Be patient and I will send it as promised .
What...
From the Bottom Up
1.3280
1.3505
1.3560
1.3645
1.3690 back to 1.3505 then upwards to 1.3690 etc....
  • #1,153
  • Sep 30, 2010 5:40pm Sep 30, 2010 5:40pm
Quoting aebab
Dear traders
I have just started to calculate the phases and interpretation .I will upload it when finished .
Thanks can't wait to see the numbers

Cheers
  • #1,154
  • Sep 30, 2010 5:46pm Sep 30, 2010 5:46pm
Why Indicator cannot calculate very same thing???

Take End of the Day price and 50% FIBO of current Phase,

DRAW 1 green line for BUY ABOVE and 2 above lines for TP1 / TP 2 targets

Same for SHORT RED Line SELL BELOW with additional TP1 TP2 targets?

DONE. NO questions or calculators need it.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,155
  • Sep 30, 2010 5:47pm Sep 30, 2010 5:47pm
Abonacci indicator which is developed by one of good traders is not working in this month and needs modifications . So I have to build the template manually . It takes time and when finished I will upload
Regards
Learn to walk before you run
  • #1,156
  • Sep 30, 2010 5:49pm Sep 30, 2010 5:49pm
Quoting aebab
Dear traders
I have just started to calculate the phases and interpretation .I will upload it when finished .
Many thanks Bobi, we will wait for that.
  • #1,157
  • Sep 30, 2010 5:52pm Sep 30, 2010 5:52pm
Quoting luckylady
I don't understand that then, because we did exactly the same testing and had: 4L and 14W for an end result of + 628 pips for the entire month, we also had a 40 pip stop loss. We traded breakout 1 to target and breakout 2 to target going just with the sentiment. The result could have been made better by not trading if the sentiment and pivot were less then 10 pips apart.
I checked mine twice.
The only bright spot were the Breakout 2 trades.
There were 6 of them and they all won.

That's a small sample, but it may mean something.
  • #1,158
  • Sep 30, 2010 5:57pm Sep 30, 2010 5:57pm
Quoting billbss
I checked mine twice.
The only bright spot were the Breakout 2 trades.
There were 6 of them and they all won.

That's a small sample, but it may mean something.
We got that result as well, just don't understand the difference in the rest. For checking the sentiment of the day did you do Pivot Price less than monthly sentiment = down day and vice versa?
  • #1,159
  • Sep 30, 2010 6:00pm Sep 30, 2010 6:00pm
Quoting aebab
Abonacci indicator which is developed by one of good traders is not working in this month and needs modifications . So I have to build the template manually . It takes time and when finished I will upload
Regards
thanks for the effort...we are all waiting for the new template nd calculator.
The World As It Is Can Do With Your Positive Disposition
  • #1,160
  • Sep 30, 2010 6:00pm Sep 30, 2010 6:00pm
Quoting luckylady
We got that result as well, just don't understand the difference in the rest. For checking the sentiment of the day did you do Pivot Price less than monthly sentiment = down day and vice versa?
I did just the opposite.

Monthly Sentiment less than Pivot = Down day.
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