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Aboonacci System - for EUR/USD prediction

  • #1,621
  • Oct 5, 2010 3:07pm Oct 5, 2010 3:07pm
Quoting iamtruth
which template do we use?

why has the template changed 5 days into October?

why does the baseline now meet yestrdays fib cam point? a whole 6 pips out from 3673?

why is octobers baseline not 3605, derived in the way you calculated September and August? 3673 was derived from the last day of the month as opposed to the whole month?

why is the phase now 219 from 127 from 82 from 127? not 50% of the last day high to the 127 cycle derived from prev month figures you used in your first go?

having a selection of 8 EU charts and hand picking the...
You are being so annoying.
  • #1,622
  • Oct 5, 2010 3:52pm Oct 5, 2010 3:52pm
Hi aebab,
Thanks for putting up the rules and making everything clear.is it possible to post them to the first post so as to avoid many questions from newcomers?
  • #1,623
  • Oct 5, 2010 3:55pm Oct 5, 2010 3:55pm
Quoting iamtruth
which template do we use?
Any or all of them, different templates different rules for each one, please read the thread.

Quote
why has the template changed 5 days into October?
It hasn't, another completely different template has been uploaded for a different type of trading.

Quote
why does the baseline now meet yestrdays fib cam point? a whole 6 pips out from 3673?

Quote
why is octobers baseline not 3605, derived in the way you calculated September and August? 3673 was derived from the last day of the month as opposed to the whole month?
As you've already been told, Bobi has not so far given away how he calculates the baseline, so I don't know where you would have got that from.

Quote
why is the phase now 219 from 127 from 82 from 127? not 50% of the last day high to the 127 cycle derived from prev month figures you used in your first go?
Its not, its a separate template, see answer above.
  • #1,624
  • Oct 5, 2010 3:55pm Oct 5, 2010 3:55pm
To be clear, could you tell us who are in your group please?
  • #1,625
  • Oct 5, 2010 4:34pm Oct 5, 2010 4:34pm
Quoting luckylady
This is the Power 4 template for longer term trading, to be used in conjunction with this months Power 3 template that we usually use which Bobi uploaded to Post No. 1. Its not to be used instead of.
so can i use calculator for this new "longer term" template?
  • #1,626
  • Oct 5, 2010 4:40pm Oct 5, 2010 4:40pm
Quoting LolCat
so can i use calculator for this new "longer term" template?
No, the calculator is only used with the phase template, the Power 3.
  • #1,627
  • Oct 5, 2010 5:31pm Oct 5, 2010 5:31pm
Quoting aebab
No . They are not the same . The team will provide a pdf and upload it very soon
Just the rule of 23.6% should be taken to account . (76.4% is equivalent to it)
if 23.6% is broken then it will reach to 76.4%
Hi Aebab,

Thanks for your enlightenment and Patience.

Please for the new template, how many pips do we consider to say a fibo level has been broken? Is 7 pips still ok or do we need to consider more pips since this is for longer term trading?
  • #1,628
  • Edited 6:08pm Oct 5, 2010 6:00pm | Edited 6:08pm
In babi post 1501 (to start the day) he made a BIG deal about how the 38.2 reversal indicated the trend was down (and it did drift down 50 or so pips, not what anyone would call a trend). Why (if he knew price was going to race up 200 pips from a lower fib did he not just say so and not confuse me and everyone else by implying "downtrend predicted by 38.2 rule")?

Why did he not simply state "Beware of a false move down and look for a huge move up from the lower 61.8 fib level? If I claimed to know the whole month, as he does, I surely would not try to confuse people on the days direction.

I would simply TELL them what is coming next (WITH ZERO CHANCE OF CONFUSION). Why even talk about any rule pointing down when you expect price to go up 200-400+ pips?

Would that not have been a better way to start the day? or did he really think price WAS doing down today because of the 38.2 rule? Am I the only one confused? or is he, perhaps, confused as well.

Time will tell as always.
  • #1,629
  • Oct 5, 2010 6:14pm Oct 5, 2010 6:14pm
Quoting aebab
I'd like to introduce a new fibonacci which I call it Closing Fibonacci . Its one of my favorite tools I have in my chart in the beginning of new day . It works with close of USA market well . I am using FXPRO metatrader for charting purposes but I do not have account with them and I execute my orders in another platform . So use FXPRO for analysis and I found they have very accurate quotes but I am not satisfied with their support.
As picture shows , place a fibonacci with 100% at close price and 0% should be 74 pips lower .
[color=Red]I should...

hello aebab, just want to confirm wether this rule still work for the power 4 template.
The World As It Is Can Do With Your Positive Disposition
  • #1,630
  • Oct 5, 2010 6:25pm Oct 5, 2010 6:25pm
Quoting Madmax1952
In babi post 1501 (to start the day) he made a BIG deal about how the 38.2 reversal indicated the trend was down (and it did drift down 50 or so pips, not what anyone would call a trend). Why (if he knew price was going to race up 200 pips from a lower fib did he not just say so and not confuse me and everyone else by implying "downtrend predicted by 38.2 rule")?

Why did he not simply state "Beware of a false move down and look for a huge move up from the lower 61.8 fib level? If I claimed to know the whole month, as he does, I surely would...
Belaboring this issue woun't get you anywhere near understanding the strategy IF THAT IS WHAT YOU WANT TO ACHIEVE by these unending attempts at making sure you find a fault with the system.
The World As It Is Can Do With Your Positive Disposition
  • #1,631
  • Edited 6:51pm Oct 5, 2010 6:50pm | Edited 6:51pm
Ask yourself: Why the discussion of the 38.2 rule downtrend on an expected UP day? Is this not adding to an already confusing set of rules? Rules within rules within template/calculators.

And replies like "the baseline was hit so it is no longer the baseline and the 38.2 line is no longer the 38.2 fib." How and when did/do these change? I was under the impression they stayed the same for the whole month until babi said in his reply that they are no longer valid. WTF?

You can see how this is confusing to someone outside the "group," can't you?

In the "group" do people ask questions and sometimes get confused? Do you criticize them as "finding fault?" Isn't that how we learn?
  • #1,632
  • Oct 5, 2010 7:19pm Oct 5, 2010 7:19pm
Babi claims to know the days price action before it happens (and the month).

So here is a simple test. What will be the high, low and close for tomorrow (October 5), this week, and for the month of October.

He says he can do this (plan trades for the whole month), Well let's see!! What say you babi? Prove it! Tell us the answer before it happens as you have said. If you expect us to believe, prove it in advance each day.
  • #1,633
  • Oct 5, 2010 10:07pm Oct 5, 2010 10:07pm
Hi aebab,

Thanks for sharing your work and knowledge here. Been following your thread for a while now, though I must admit its not easily or fully understood. Looking forward to learn more. Thanks again
  • #1,634
  • Oct 5, 2010 10:38pm Oct 5, 2010 10:38pm
Hi Madmax,
His name is not Babi, but Bobi. Babi in South East Asia is a word for an animal.
  • #1,635
  • Oct 5, 2010 10:42pm Oct 5, 2010 10:42pm
Quoting Madmax1952
Babi claims to know the days price action before it happens (and the month).

So here is a simple test. What will be the high, low and close for tomorrow (October 5), this week, and for the month of October.

He says he can do this (plan trades for the whole month), Well let's see!! What say you babi? Prove it! Tell us the answer before it happens as you have said. If you expect us to believe, prove it in advance each day.
Dear MadMax,
Have you been trying to use the calculator that Bobi provided and look against the price moving in the MT4? Try to compare the number in the calculator and the MT4. You will get it slowly. Try to read and download the Three ways to use the calculator Abonacci Part II.PDF in this thread.
  • #1,636
  • Oct 5, 2010 10:59pm Oct 5, 2010 10:59pm
I did not see that. I will read it. Thank you.
  • #1,637
  • Oct 5, 2010 11:21pm Oct 5, 2010 11:21pm
I have been a lurker long enough in this thread, just reading post. Just to say, thanks to aebab for sharing his knowledge.
  • #1,638
  • Oct 6, 2010 1:09am Oct 6, 2010 1:09am
Quoting aebab
Dear traders ,
Abonacci Power4 template is going to be uploaded today . Now Abonacci chat group members have got the template and they are learning about that . When finished they will become ready to answer you questions . In this new template you will get familiar with new long term behavior of the market and you will know why price should be back upward to complete its journey .
Get ready to find new and precise template for whole of the month .
Waiting to understand the below from Bobi or chat group members:
1. "Long term behavior of the market"
2. "Why price should be back upward"
3. "Complete its journey" - when price was down at around the base level, what is completion of the journey? - 100% level of the previous/current/next phase?

Thanking in advance.
  • #1,639
  • Oct 6, 2010 1:33am Oct 6, 2010 1:33am
are we buying ?

are we sellin?

who is doing the calls?
  • #1,640
  • Oct 6, 2010 1:37am Oct 6, 2010 1:37am
In regards to the last post. What we know for now is that price should continue to move up to the 100 level as indicated on power template 4. Once this level has been breached price can come back down. A key level is the 38.2 of the current phase price should not break this as if it does it vindicates the move up to the 100 level.
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