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Aboonacci System - for EUR/USD prediction

  • #1,721
  • Oct 6, 2010 12:02pm Oct 6, 2010 12:02pm
Quoting BJ1
How was there a loss following the calculator? I use the original one.

I had HB1 @ 1.3842 with a target of 3895
I had LB1 @ 1.3811 with a target of 3799

The low LB1 worked but I didn't take it. I went long at 3839 with a SL at 3792 (7 pips below the 0% line) and the trade hit the TP. My understanding was that once the 38.2% line is crossed up, price should reach 100% of that level. Once 38.2 is broken upwards, it doesn't matter if it crosses back down (within the current phase.) Bobi stated that 100% wasn't a "guarantee" this month but that...
Because your numbers are wrong.

Based solely on the calculator.
The High Breakout 1 was 1.3844 + 7 = 1.3851.
After it was triggered, price fell back to 1.3799 before it turned and hit the TP.
You would have had to have a 52 pip SL to have stayed in that trade, actually 55 pip including the spread. Bobi has said 30 is his max. I use 40.

The Monthly Sentiment was above the Pivot, so only longs should have been taken, If I understand it correctly.


If you mix in all the other remarks that have been made about 38%, blue and white pivots, recalculations etc, I doubt if any trade would be possible.

I'm talking strictly about the calculator breakout trades.
  • #1,722
  • Oct 6, 2010 12:50pm Oct 6, 2010 12:50pm
Before the calculator was introduced, I recall someone asking Bobi if price goes 1 pip above 38.2% (from the levels on the chart) does that mean the level is broken. He said to be "safe" you can use 7 pips for E/U. I didn't know you are suppose to add 7 pips to the entries you get from the calculator?

As for the SL, I usually wait for a pullback once the level is broken to minimize my SL. In some cases, it doesn't pullback and I miss the trade. Last night, I decided to jump in without waiting for a pullback.

Quoting billbss
Because your numbers are wrong.

Based solely on the calculator.
The High Breakout 1 was 1.3844 + 7 = 1.3851.
After it was triggered, price fell back to 1.3799 before it turned and hit the TP.
You would have had to have a 52 pip SL to have stayed in that trade, actually 55 pip including the spread. Bobi has said 30 is his max. I use 40.

The Monthly Sentiment was above the Pivot, so only longs should have been taken, If I understand it correctly.


If you mix in all the other remarks that have been made about 38%, blue and white pivots, recalculations...
  • #1,723
  • Oct 6, 2010 1:04pm Oct 6, 2010 1:04pm
Quoting BJ1
Before the calculator was introduced, I recall someone asking Bobi if price goes 1 pip above 38.2% (from the levels on the chart) does that mean the level is broken. He said to be "safe" you can use 7 pips for E/U. I didn't know you are suppose to add 7 pips to the entries you get from the calculator?

As for the SL, I usually wait for a pullback once the level is broken to minimize my SL. In some cases, it doesn't pullback and I miss the trade. Last night, I decided to jump in without waiting for a pullback.

It's like the monkeys in a room banging on typewriters.
Using all the different rule variations in circulation, at least one person is bound to have a winner.


Using a 1 pip buffer, you'd be in a breakout 2 trade, right now, that has already gone against you 32 pips.
If it loses, we'll be reminded we should have used a 7 pip buffer
  • #1,724
  • Oct 6, 2010 1:20pm Oct 6, 2010 1:20pm
Quoting BJ1
How was there a loss following the calculator? I use the original one.

I had HB1 @ 1.3842 with a target of 3895
I had LB1 @ 1.3811 with a target of 3799

The low LB1 worked but I didn't take it. I went long at 3839 with a SL at 3792 (7 pips below the 0% line) and the trade hit the TP. My understanding was that once the 38.2% line is crossed up, price should reach 100% of that level. Once 38.2 is broken upwards, it doesn't matter if it crosses back down (within the current phase.) Bobi stated that 100% wasn't a "guarantee" this month but that...
the above was a perfect explanation for today's trades...all my trades hit TP and price even went beyond.

puting the sl below the 0.0% was my choice too and that is what i was trying to say about the sl...if one knows about fibs and candle formations, it would help a great deal with the abonacci system...
The World As It Is Can Do With Your Positive Disposition
  • #1,725
  • Oct 6, 2010 1:22pm Oct 6, 2010 1:22pm
Quoting billbss
It's like the monkeys in a room banging on typewriters.
The guy said he was working on a couple hours of videos showing how to trade this. Why not give him a chance to do that?! If I was him I would have walked away from this thread with how much stupid crap is being writen. You know he is trying help and what is getting for it??? Everyone wants a system that requires no thought, I hate to burst your bubble but no such thing. One thing is for sure he is only human and at some point he will get sick of this and walk away. It is very simple if you don't like it leave, why is that so hard? If not give the guy a break and let him better explain. Look at the last 3 pages, monkeys is a very fitting word.
  • #1,726
  • Oct 6, 2010 1:23pm Oct 6, 2010 1:23pm
Quoting liberty71
the above was a perfect explanation for today's trades...all my trades hit TP and price even went beyond.

puting the sl below the 0.0% was my choice too and that is what i was trying to say about the sl...if one knows about fibs and candle formations, it would help a great deal with the abonacci system...
Price fell below the zero line.
Why didn't you get stopped out?
  • #1,727
  • Oct 6, 2010 1:23pm Oct 6, 2010 1:23pm
Quoting billbss
It's like the monkeys in a room banging on typewriters.
Using all the different rule variations in circulation, at least one person is bound to have a winner.


Using a 1 pip buffer, you'd be in a breakout 2 trade, right now, that has already gone against you 32 pips.
If it loses, we'll be reminded we should have used a 7 pip buffer
these people just dont get these things i think billbss.

maybe, it is perhaps... we make it up in our heads thinking there is something special to this thing rite??

we should say theses things to these people and they should listen for once otherwise in the end they will look silly.
  • #1,728
  • Oct 6, 2010 1:27pm Oct 6, 2010 1:27pm
what i do with sl is that whenever my entry falls around 38.2% area, i choose to place sl about 10 pips below the 0.0% phase lower line. this exactly saved my trades today...the short was TP was hit @ 1.3801 while my longs were still in negative...i left the longs since we had already broken the 38.6% and price was yet to reach either 76.4 or 100% of the phase but now all longs had hit TP.

i decided to study the chart set-up on the template to decide my sl for each trade since the sl issue is the only area that is not too clear to me
The World As It Is Can Do With Your Positive Disposition
  • #1,729
  • Oct 6, 2010 1:29pm Oct 6, 2010 1:29pm
Quoting billbss
Price fell below the zero line.
Why didn't you get stopped out?
yes it fell below it for just about 3 pips...1.3797 area and my sl was at 1.3790
The World As It Is Can Do With Your Positive Disposition
  • #1,730
  • Oct 6, 2010 1:31pm Oct 6, 2010 1:31pm
Quoting liberty71
what i do with sl is that whenever my entry falls around 38.2% area, i choose to place sl about 10 pips below the 0.0% phase lower line. this exactly saved my trades today...the short was TP was hit @ 1.3801 while my longs were still in negative...i left the longs since we had already broken the 38.6% and price was yet to reach either 76.4 or 100% of the phase but now all longs had hit TP.

i decided to study the chart set-up on the template to decide my sl for each trade since the sl issue is the only area that is not too clear to me

Then you entered with close to a 65 pip SL.

This is another example of monkeys banging on typewriters.
  • #1,731
  • Oct 6, 2010 1:39pm Oct 6, 2010 1:39pm
Quoting billbss
Then you entered with close to a 65 pip SL.

This is another example of monkeys banging on typewriters.

if you like abuse me but i'm only trying to let you see how i trade what you called 'untradable'.

so if i decide to use 100 sl based on my observation and my trading lot, that means i'm a monkey banging on keyboard.

i know some of you don't deserve any attention
The World As It Is Can Do With Your Positive Disposition
  • #1,732
  • Oct 6, 2010 1:39pm Oct 6, 2010 1:39pm
Quoting homestudy
The guy said he was working on a couple hours of videos showing how to trade this. Why not give him a chance to do that?! If I was him I would have walked away from this thread with how much stupid crap is being writen. You know he is trying help and what is getting for it???...

I agree. Every trick in the book has been pulled out of a hat to try making an obvious losing trade into a winning trade.

It's nothing short of absurd and it does not help the thread. It hurts it, because every time this happens it loses credibility.
Just admit it lost, but that there are more winners than losers. There is nothing wrong with that.

I don't blame bobi, I have defended him since the first page of this thread. You can look at it and see.

I blame the sycophants and self appointed spin doctors. They aren't helping things.
  • #1,733
  • Oct 6, 2010 1:43pm Oct 6, 2010 1:43pm
Quoting billbss
I agree. Every trick in the book has been pulled out of a hat to try making an obvious losing trade into a winning trade.

It's nothing short of absurd and it does not help the thread. It hurts it, because every time this happens it loses credibility.
Just admit it lost, but that there are more winners than losers. There is nothing wrong with that.

I don't blame bobi, I have defended him since the first page of this thread. You can look at it and see.

I blame the sycophants and self appointed spin doctors. They aren't helping things.
Then why not stop posting and wait to learn from the owner and ask questions of him and let the rest go by the side?
  • #1,734
  • Oct 6, 2010 2:15pm Oct 6, 2010 2:15pm
Quoting homestudy
Then why not stop posting and wait to learn from the owner and ask questions of him and let the rest go by the side?
I don't have any problem with anything I've posted.

If bobi does he can throw me off the thread. I don't think he appreciates the bullshit claims being made by the people who take over the thread when he's gone any more than I do. At least I hope he doesn't.
  • #1,735
  • Oct 6, 2010 2:36pm Oct 6, 2010 2:36pm
Quoting billbss
I don't have any problem with anything I've posted.

If bobi does he can throw me off the thread. I don't think he appreciates the bullshit claims being made by the people who take over the thread when he's gone any more than I do. At least I hope he doesn't.
keep on heaping insult on me....I won't allow you to drag me into the mud where you belong... it doesn't cost me anything to just stay anonymous and make more pips.

just be around and continue to employ all dirty words on everybody that tries to explain what he understood about the system.
The World As It Is Can Do With Your Positive Disposition
  • #1,736
  • Oct 6, 2010 3:19pm Oct 6, 2010 3:19pm
Quoting billbss
I don't have any problem with anything I've posted.

If bobi does he can throw me off the thread. I don't think he appreciates the bullshit claims being made by the people who take over the thread when he's gone any more than I do. At least I hope he doesn't.
Hi billbss,

You are the only objective voice of reason in this thread -- as in so many others! You employ the rules as they are presented (which I in no way pretend to fully understand at this juncture) and just report what the results actually are (at this point they seem to be slightly on the positive side).

I am very interested in whether or not you think this system has any merit based on objective, pre-determined criteria so I will be following along with you from the shadows until more objective trade data is accumulated.

Thanks
  • #1,737
  • Edited 4:48pm Oct 6, 2010 3:35pm | Edited 4:48pm
Quoting jls
Hi billbss,

You are the only objective voice of reason in this thread -- as in so many others! You employ the rules as they are presented (which I in no way pretend to fully understand at this juncture) and just report what the results actually are (at this point they seem to be slightly on the positive side).

I am very interested in whether or not you think this system has any merit based on objective, pre-determined criteria so I will be following along with you from the shadows until more objective trade data is accumulated.

Thanks...
Thank you.

So far, I think the system has merit and I think it is worth following- at least for a while longer.

I did a backtest on the 38% rule and it was very impressive for September. It was less so in August, but it was still profitable.
September was very trending and random lines might have had the same results. It needs to be looked at over a longer period of time.

Hopefully the rules will be consolidated and clearly stated, once and for all. Then we will know for sure if it has merit.
  • #1,738
  • Oct 6, 2010 4:40pm Oct 6, 2010 4:40pm
Quoting jls
Hi billbss,

You are the only objective voice of reason in this thread -- as in so many others! You employ the rules as they are presented (which I in no way pretend to fully understand at this juncture) and just report what the results actually are (at this point they seem to be slightly on the positive side).

I am very interested in whether or not you think this system has any merit based on objective, pre-determined criteria so I will be following along with you from the shadows until more objective trade data is accumulated....
the problem with this thread is that very few ppl actually post their results and why they went long/short,the outcome is confusion because we have template 3 and template 4,calculator,white lines,blue lines and i saw couple of times applying different rules in same situation

i know its new system thats is still being developed but i d like to see more contribution from ppl that are following this thread

from now on after ny close i will post my calc numbers and pending long/short positions for next day and i would like to see suggestions/corrections from fellow traders

so heres my numbers for thursday:
we have ny close at 1.3936 and monthly value of 1.3990,im working template 3,i dont use template 4 because we have no rules for that template

1-bobi said 38,2% rule is no longer applicable,but broken 23.6 % should meet 76,4% so i will set pending long position at 1.3964 (1.3957 + 7 pips) with TP 1.402...this long position is also confirmed by calc HB1 of 1.3961 with TP 1.4014

2-38.2% white fib is best reversal point so i will set pending short from 1.3982,but i dont know TP,i believe that it can go to 0% or even below like today but i will play safe because its short trade in bullish trend (remember never go against trend ) and set my TP at 40 pips

3-i will set pending long at HB2 at 1.4049 with TP of 1.4099 but i guess 1.4 will be strong resistance so this trade will not be trigered,its just guess

4-i wont set it as pending long position now,but depending on PA tomorrow and if 23.6% will be broken and reversed i will enter long position somewhere between 0% and 23.6% with tp 1.4

5-during the day i might do some scalping too if we ll be lucky and have volatile day

so this is my setup for now,if everything goes well thats total of around 200 pips

your thoughts/suggestions appreciated
good night all
  • #1,739
  • Oct 6, 2010 4:45pm Oct 6, 2010 4:45pm
Quoting billbss
I agree. Every trick in the book has been pulled out of a hat to try making an obvious losing trade into a winning trade.

It's nothing short of absurd and it does not help the thread. It hurts it, because every time this happens it loses credibility.
Just admit it lost, but that there are more winners than losers. There is nothing wrong with that.

I don't blame bobi, I have defended him since the first page of this thread. You can look at it and see.

I blame the sycophants and self appointed spin doctors. They aren't helping things.
I'm not sure who you are referring to as a spin doctor but I actually said something similar to someone else the other day with regard to "official rules" along with "unofficial rules" covering all bases... turning every entry into a winner. There are trading methods and systems that may have a high winning record but all will have losses and I fully agree that a losing trade should be noted/reported as a loser.

I have asked on more than one occasion what is the "rule" regarding SLs when using the Phase template and have yet to get a clear, straightforward answer. Someone suggested putting it at the 76.4% of the previous phase. I have chosen to place mine a few pips under the 100% level and my entries are taken in accordance to my own risk management which is why I stated that most times I wait for a pullback resulting in no trades being taken in some cases.

Where to place a SL seems to be discretionary at this point so yes, you're going to have some who say they were stopped out and others who say they weren't. Bobi stated his max SL is 30 pips and often times 5 pips. I said early on in this thread that I didn't see how that was possible given a high winning rate unless he was getting in on pullbacks but as it stands, it is all left up to interpretation at this point since no specific rules have been given for placing a SL (for the 38.2% method.)
  • #1,740
  • Edited 5:02pm Oct 6, 2010 4:52pm | Edited 5:02pm
Quoting LolCat
the problem with this thread is that very few ppl actually post their results and why they went long/short,the outcome is confusion because we have template 3 and template 4,calculator,white lines,blue lines and i saw couple of times applying different rules in same situation

i know its new system thats is still being developed but i d like to see more contribution from ppl that are following this thread

from now on after ny close i will post my calc numbers and pending long/short positions for next day and i would like to see suggestions/corrections...
The close was 1.3929.
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