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Aboonacci System - for EUR/USD prediction

  • #1,421
  • Oct 4, 2010 3:07am Oct 4, 2010 3:07am
You may think you can draw another Fibonacci upward from the Close instead of Downward .But you can not . This range is only done for down reversal if you want to buy .
Learn to walk before you run
  • #1,422
  • Oct 4, 2010 3:11am Oct 4, 2010 3:11am
hi,
Bobi can you update GBPUSD template ?
Abonnacci works fine for me on GBPUSD.
Great System i love it.
Many thx for you hard work.


PS: sy for my bad english

greetz from switzerland
  • #1,423
  • Oct 4, 2010 3:33am Oct 4, 2010 3:33am
Abonacci Short Trade M15 Date: 04/10/2010

Grey line= Pivot (1.3782)
Red line= Low Break Out 1 (1.3749)
Gold line= Target (1.3701)

Good for +48 pips

eTrader,
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Abonacci04102010-01b.jpg Size: 89 KB
  • #1,424
  • Oct 4, 2010 3:35am Oct 4, 2010 3:35am
A successful short trade once again!!!
  • #1,425
  • Oct 4, 2010 3:53am Oct 4, 2010 3:53am
"I am wondering whether if someone ever did a due diligence on this Thread Opener"

Here's a suggestion for your due diligence 99vt66, try the system to see if it works. if it does, enjoy it, if it doesn't try something else.
  • #1,426
  • Oct 4, 2010 4:14am Oct 4, 2010 4:14am
In Upside and Downside, these levels that the calculator provided were proven to work. Thanks, Bobi.

Bobi, is the new October calculator forthcoming? Also, could you provide a calculator with an option to enter the Phase Range (like the 127 pips or other value) aside from the Close and Monthly values that the version 1 calculator does? Your input is highly appreciated.

More power to you!
  • #1,427
  • Oct 4, 2010 5:00am Oct 4, 2010 5:00am
While naysayers are busy whining and copycats are still scratching their heads, the group already made the killing today.

This is my personal exp, others might have made much more.


[10:43:52 AM] fxsense says: No. I am currently concentrating only on NY Close (with 74 pips) Fibs. Like today, I am short from 3775. Close 1/2 position for 25 pips and other half is still running with SL=BE
[12:00:33 PM] fxsense says: remainig position closed at BE. 25 pips so far
[12:35:16 PM] fxsense says: Closed 1/2 position for 25 pips (entered again at 3775)
[12:35:27 PM] fxsense says: remaining 1/2 at BE
[12:37:26 PM] fxsense says: I'll close remainig half ar 3715.
[12:46:08 PM] fxsense says: I'll get out at 20 (if it ever reaches there). There's strong support near 15.
[12:46:44 PM] fxsense says: or else BE
[1:01:16 PM] fxsense says: out @ 22
[1:02:01 PM] fxsense says: 53+25+25 = 103 pips from NY Close.
  • #1,428
  • Oct 4, 2010 5:04am Oct 4, 2010 5:04am
FXSense, Good job!
  • #1,429
  • Oct 4, 2010 5:19am Oct 4, 2010 5:19am
Quoting fxsense
While naysayers are busy whining and copycats are still scratching their heads, the group already made the killing today.

This is my personal exp, others might have made much more.


[10:43:52 AM] fxsense says: No. I am currently concentrating only on NY Close (with 74 pips) Fibs. Like today, I am short from 3775. Close 1/2 position for 25 pips and other half is still running with SL=BE
[12:00:33 PM] fxsense says: remainig position closed at BE. 25 pips so far
[12:35:16 PM] fxsense says: Closed 1/2 position for 25 pips (entered again at 3775)
[12:35:27...
Hi Fxsense,

Can you please give a little more detail on how you took the trade using Abonacci?

Thanks.
  • #1,430
  • Oct 4, 2010 5:27am Oct 4, 2010 5:27am
Bobi,

Based on your rule set, does the new month reset the 38.2% (yellow) breakout run to 100% rule?

ie, do we need to see two phases + the 38.2% to start taking this trade on a continual basis?

I noticed it worked this morning, seemingly as did the reverse of this. the 61.8% (yellow) break DOWN run to 100%...... though, I don't think this has ever been confirmed as a valid trade.

Regards

Lee
  • #1,431
  • Oct 4, 2010 5:29am Oct 4, 2010 5:29am
Quoting daysey
Hi Fxsense,

Can you please give a little more detail on how you took the trade using Abonacci?

Thanks.

http://www.forexfactory.com/showpost...3&postcount=40
  • #1,432
  • Oct 4, 2010 5:45am Oct 4, 2010 5:45am
Quoting fxsense
http://www.forexfactory.com/showpost...3&postcount=40
Thanks. Toally forgot that rule.

But are we still to use 74pips or has it changed for this month?
  • #1,433
  • Oct 4, 2010 5:51am Oct 4, 2010 5:51am
Quoting daysey
Thanks. Toally forgot that rule.

But are we still to use 74pips or has it changed for this month?
78 this month
  • #1,434
  • Oct 4, 2010 6:00am Oct 4, 2010 6:00am
I believe that in the Oct template that bobi posted, it 127 pips, not 74.......maybe I'm missing something here.
What you do is a reflection of you....what I do is a reflection of me.
  • #1,435
  • Oct 4, 2010 6:00am Oct 4, 2010 6:00am
Quoting leemonk
Bobi,

Based on your rule set, does the new month reset the 38.2% (yellow) breakout run to 100% rule?

ie, do we need to see two phases + the 38.2% to start taking this trade on a continual basis?

I noticed it worked this morning, seemingly as did the reverse of this. the 61.8% (yellow) break DOWN run to 100%...... though, I don't think this has ever been confirmed as a valid trade.

Regards

Lee
Hi
As I have already described , due to some reasons , this month that rule is not applicable . As far as 1.3940 is not broken, this rule can not be applicable . But you can be sure about 76.4%
Regards
Learn to walk before you run
  • #1,436
  • Oct 4, 2010 6:09am Oct 4, 2010 6:09am
Quoting fxsense
While naysayers are busy whining and copycats are still scratching their heads, the group already made the killing today.

This is my personal exp, others might have made much more.


[10:43:52 AM] fxsense says: No. I am currently concentrating only on NY Close (with 74 pips) Fibs. Like today, I am short from 3775. Close 1/2 position for 25 pips and other half is still running with SL=BE...

Good job, but I'm curious as to how you made this trade.

The 74 pips (I think it should be 78) is subtracted from the NY close.

Friday's NY close was 1.3790.

1.3790 - 74 = 1.3716.

What part of the 74 rule caused you to go short at 1.3775?
  • #1,437
  • Oct 4, 2010 6:11am Oct 4, 2010 6:11am
Quoting Ezzy
I believe that in the Oct template that bobi posted, it 127 pips, not 74.......maybe I'm missing something here.
127 is the phase range based on the monthly template. 78(oct) not 74(sep) is the closing sentiment fib used for this strategy http://www.forexfactory.com/showpost...3&postcount=40
  • #1,438
  • Oct 4, 2010 6:26am Oct 4, 2010 6:26am
aebab,

fxsense doesn't appear to be around.

Will you read his post (below) and tell us how a short entry at 1.3775 is consistent with the 74 (78) rule?
I think we can all learn from it.
Thank you






While naysayers are busy whining and copycats are still scratching their heads, the group already made the killing today.

This is my personal exp, others might have made much more.


[10:43:52 AM] fxsense says: No. I am currently concentrating only on NY Close (with 74 pips) Fibs. Like today, I am short from 3775. Close 1/2 position for 25 pips and other half is still running with SL=BE
[12:00:33 PM] fxsense says: remainig position closed at BE. 25 pips so far
[12:35:16 PM] fxsense says: Closed 1/2 position for 25 pips (entered again at 3775)
[12:35:27 PM] fxsense says: remaining 1/2 at BE
[12:37:26 PM] fxsense says: I'll close remainig half ar 3715.
[12:46:08 PM] fxsense says: I'll get out at 20 (if it ever reaches there). There's strong support near 15.
[12:46:44 PM] fxsense says: or else BE
[1:01:16 PM] fxsense says: out @ 22
[1:02:01 PM] fxsense says: 53+25+25 = 103 pips from NY Close.
  • #1,439
  • Oct 4, 2010 6:26am Oct 4, 2010 6:26am
Quoting eTrader
Abonacci Short Trade M15 Date: 04/10/2010

Grey line= Pivot (1.3782)
Red line= Low Break Out 1 (1.3749)
Gold line= Target (1.3701)

Good for +48 pips

eTrader,
Nice trade on your part.
My main use of the calculator is that of estimating likely target(s) when I enter a trade and for me it is a great tool.
My question to you is-When you compute the numbers based on the NY close, do you use the monthly sentiment in relation to the pivot on the calculator to get some sort of bias as to likely direction for the day i.e long or short? Therefore if monthly sentiment below pivot, market bearish & opposite for the sentiment above pivot??
  • #1,440
  • Oct 4, 2010 6:32am Oct 4, 2010 6:32am
Quoting aebab
Hi again,
If you want to enter the market in an appropriate time and level , you should take many considerations into account .
Another Fibonacci that can help to identify the reversal is shown in the picture .
Draw a fibonacci from High Reversal line to 38.2% of lower blue fibonacci produced from step2.
(Please refer to Page 1 to learn how to) . This new fibonacci is called Closing Reversal Fibonacci
As closing price is higher than 76.4% of this new fibonacci level so there is a sentiment for the price to be reversed...

Bobbi,

Please see an example of one of your trades; Closing Reversal Fibonacci from last night.

Price did infact bounce where you suggested it might, almost to pip perfect.

If you have the time I have three questions around this:

1. Is this only applicable at the close of the day
2. Are there any other rules about this being in effect. ie if price was 30 pips high on last nights close, would it still be in effect.
3. Do you have a way of measuring how much it might bounce.

Regards

Lee
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