Aboonacci System - for EUR/USD prediction | Page 97 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EUR/USD Price reverse prediction 5 replies

Testing Future Channel Prediction System 4 replies

Using usd/chf - eur/usd correlation to see moves in EUR/USD 46 replies

Looking for Eur/Usd Usd/chf hedge system 12 replies

EUR/USD : Market Gap & Prediction 2 replies

Attachments: Aboonacci System - for EUR/USD prediction
Exit Attachments

Aboonacci System - for EUR/USD prediction

  • #1,921
  • Edited May 1, 2023 1:50pm Oct 10, 2010 7:40am | Edited May 1, 2023 1:50pm
Please find the attachment , Abonacci Software for Sep 2010 . DO not use it for this or other months . It can olny be used for sep2010. Use this software for back testing and get familiar the way you can trade with the explanation provided by the software.
Regards
{ virus risk deleted by staff }
Learn to walk before you run
  • #1,922
  • Edited 9:00am Oct 10, 2010 8:48am | Edited 9:00am
Quoting mistersimple
aebab, could you please explain.. for example for tomorrow where would be great to place buy stop or sell stop... how to interpret these?
thank you
Hi
I am doing calculation based on High=1.3983,Low=1.3833,Close=1.3935;

It would be better you give your idea and let me see . if need correction then I would correct you.
Anyway,
1-Daily power Sentiment is lower than Close of the day means the price is already situated in Bullish area.
if price falls and can pass again this level then we will have a signal to target=1.3992.
2-Daily -Monthly mixed pivot =1.3933 . This level is very important . It should not be broken . If broken then gives a signal toward pullback signal . The main duty of this point is to indicate a level to show strength of the trend . If in Asian session and before UK session , this level is not broken , then a big movement and very trendy day is expected . If this point is broken toward downside and tends to be sold , this level should not be broken again. Several breaking of this level will show a choppy , sloppy none trending day (Like Friday market Oct 8)
This level is introduced by Abonacci system for the first time and can not be found in other softwares or formulas.
3-Temporary Direction=1.3912 . This point shows market will move toward this point in the Asia session .
4-pullback =1.3904 . This is the level that may cause the market to be pulled back . As Diversion point= 1.3894 is below that point it is showing a support for pullback level. So its a good level to buy and put stop loss 10-15 pips below diversion level .
5-The distance between pullback level and tendency toward level(1.3891) is not so much and this means a bullish reversal.
6- 1.3945 is the level that indicates if the market tends to be sold and can break pullback signal , then should not rise and break this level . In case of breaking , gives a bullish signal .
7-The distance between close and keypoint @1.4094 is more than 159 pips . This indicates a big bullish pressure should be exerted to get to this level. Not so much of sloppy market will be expected for tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: 11oct_inter.jpg Size: 141 KB
Learn to walk before you run
  • #1,923
  • Oct 10, 2010 9:07am Oct 10, 2010 9:07am
Quoting subbu
I'm amazed......

Mind sharing how you're doing it, especially on the stop loss level..?
Hey there Subbu. I didn't use the calculator. I'm using the power3 template with the basic principle that Bobi discovered. Whenever the 38.2% fib was broken from the bottom, I entered a small lot. I used the calculator everyday to check the sentiment for the day and if I determine a bearish sentiment, I would add to my positions on those pullbacks. My Stoploss would be below 61.8% of the lower phase. I made all those money by adding to my position during pullbacks and taking partial profit off the table after major moves up. I admit spending alot of time in front of the charts for the past two weeks. But that's something I'm doing in order to learn Price action. So don't really mind staring at the monitor for hours since I'm learning. Hope that answers your question.
  • #1,924
  • Oct 10, 2010 9:18am Oct 10, 2010 9:18am
Quoting segaram
Hey there Subbu. I didn't use the calculator. I'm using the power3 template with the basic principle that Bobi discovered. Whenever the 38.2% fib was broken from the bottom, I entered a small lot. I used the calculator everyday to check the sentiment for the day and if I determine a bearish sentiment, I would add to my positions on those pullbacks. My Stoploss would be below 61.8% of the lower phase. I made all those money by adding to my position during pullbacks and taking partial profit off the table after major moves up. I admit spending alot...

Hi Segaram
If anyone wants to use the Abonacci system they have to put in the chart watching time. Could you tell us what time frame you are using. I know Bobi reccomends 15M.
  • #1,925
  • Oct 10, 2010 9:26am Oct 10, 2010 9:26am
Quoting forexchequer
Hi Segaram
If anyone wants to use the Abonacci system they have to put in the chart watching time. Could you tell us what time frame you are using. I know Bobi reccomends 15M.
As the Doc recommends, I watch the 15 min chart. I go down to 1 min and 5 min sometimes when I have to make market entries. But mainly I watch the 15 min chart. Sorry I didn't know I had to mention the chart time frame.
  • #1,926
  • Oct 10, 2010 9:53am Oct 10, 2010 9:53am
Hey Bobi..

This new calculator is simply amazing. I have done a back test with it from Oct 1st to now and every single day the levels that the calculator gives back have been met preciously.

Listen up guys who are not getting the calculator. Just go back to October 1st and enter the High, Low and Close of every previous day into the calculator and just observe all the price levels the calculator gives back on the chart. I personally don't pay attention to the second half of the calculator which gives the Whole Month Interpretation.

Every single day from Oct 1st to now has worked amazingly. Thank you Bobi once again. Now that the calculator is available for September, I'm going to do backtest on September month as well.

Those of you who are not getting it, please give yourself some time. Loosing your temper will not get you anything. You have to read the PDF, watch the videos, go back to the chart and try to figure it out. I had to spend hours upon hours looking at the power 3 template to figure out the basic principles. There are a few strategies and I would recommend that you concentrate on the Power3 template for now since Breakout template for October is not yet available. If you get into all the different strategies at the same time, you'd only end up being confused.

As far as entry and exit using the calculator goes, just go back to the backtest and try to come up with your own method. Don't expect someone else to tell you everything. Use your heads guys and I'm sure you'll come up with your own method of entering and exiting the market with this calculator. I hope this help.
  • #1,927
  • Oct 10, 2010 10:04am Oct 10, 2010 10:04am
Quoting segaram
As the Doc recommends, I watch the 15 min chart. I go down to 1 min and 5 min sometimes when I have to make market entries. But mainly I watch the 15 min chart. Sorry I didn't know I had to mention the chart time frame.
Hi Segaram,

Can you show an example with a chart with arrows? I think I understand what you are saying, in that if coming from below and piercing the 38% retracement (not really a retracement as the fib is upside down, so I guess an extension) level, you are expecting or anticipating it to reach the next 100% (extension) level which is the gold/yellow lines?

Where would I get an updated breakout chart, or do I just continue to extend them off the other levels? Or, does the base number change and I now have to use a different base to run my first levels off as well as the base distance etc..?
We are our own best indicator.
  • #1,928
  • Oct 10, 2010 10:14am Oct 10, 2010 10:14am
Quoting aebab
Hi
I am doing calculation based on High=1.3983,Low=1.3833,Close=1.3935;

It would be better you give your idea and let me see . if need correction then I would correct you.
Anyway,
1-Daily power Sentiment is lower than Close of the day means the price is already situated in Bullish area.
if price falls and can pass again this level then we will have a signal to target=1.3992.
2-Daily -Monthly mixed pivot =1.3933 . This level is very important . It should not be broken . If broken then gives...
This helps a lot!

As far as the training, it is not your job to 'teach' us and I understand that. I think in the end it comes down to terminology for me when talking about extensions, retracements, pullbacks, etc...

When discussing a pullback on a pullback to a retracement level (that is actually an extension of a specific direction) then it makes it nearly impossible for someone to follow if you don't put in the original direction LONG/SHORT etc...

Aebab, I think if you simplified things a bit (you are probably on the genius level so dumbing it down to simple people is always difficult) then you would have more success.

Like:

To go long, we look at the following information on the pivot calculator: Here, here, here and here because we start here and if it goes to hear, then this is where we will take out long.

To go short, we look here, here and here and if it does x, we do Y etc...

Really, I almost think it comes from different languages. I have the hardest time with some languages as they will spend 5 minutes describing something, but you have no idea what it is they are talking about until the last word. haha....

The big red, yellow poka dotted, spinning, but circular.... Then I am thinking Ok DOG/Umbrella/CAR???? haha....

Not a criticism, just advise to when you teach is that you show the mountaintop, then you cut the path and guide.

I know you know this, but to me MOST and ESPECIALLY beginner Traders only care about 'When do I go long" and "When do I get out of my trade" and "How far away from this will offer me the best R:R for Stop". You are showing the nuances of a nice dance and wanting everyone to listen to the music along with you that you see, feel and hear.

But, MOST people have to see the dance being orchestrated once to see if they like it or not, or they would rather do a different one. haha..

You are doing a great job.
We are our own best indicator.
  • #1,929
  • Oct 10, 2010 10:25am Oct 10, 2010 10:25am
Quoting segaram
Hey there Subbu. I didn't use the calculator. I'm using the power3 template with the basic principle that Bobi discovered. Whenever the 38.2% fib was broken from the bottom, I entered a small lot. I used the calculator everyday to check the sentiment for the day and if I determine a bearish sentiment, I would add to my positions on those pullbacks. My Stoploss would be below 61.8% of the lower phase. I made all those money by adding to my position during pullbacks and taking partial profit off the table after major moves up. I admit spending alot...
hi!, great explanation ...THANK YOU very much - really appreciate it!
  • #1,930
  • Oct 10, 2010 10:37am Oct 10, 2010 10:37am
Quoting aebab
Hi
I am doing calculation based on High=1.3983,Low=1.3833,Close=1.3935;

It would be better you give your idea and let me see . if need correction then I would correct you.
Anyway,
1-Daily power Sentiment is lower than Close of the day means the price is already situated in Bullish area.
if price falls and can pass again this level then we will have a signal to target=1.3992.
2-Daily -Monthly mixed pivot =1.3933 . This level is very important . It should not be broken . If broken then gives a signal toward...
Thanks Bobi
  • #1,931
  • Oct 10, 2010 10:41am Oct 10, 2010 10:41am
Quoting aebab
Hi
I am doing calculation based on High=1.3983,Low=1.3833,Close=1.3935;

It would be better you give your idea and let me see . if need correction then I would correct you.
Anyway,
1-Daily power Sentiment is lower than Close of the day means the price is already situated in Bullish area.
if price falls and can pass again this level then we will have a signal to target=1.3992.
2-Daily -Monthly mixed pivot =1.3933 . This level is very important . It should not be broken . If broken then gives a signal toward...
Bobi - First a big Thank You for your calculator and all the efford you put into this - I am sure this is very much appreciated world-wide my friend !!

Secondly, thanks for this example - this really makes thins clear and helps us to understand the new calculator.

  • #1,932
  • Oct 10, 2010 10:58am Oct 10, 2010 10:58am
Quoting bluemele
Hi Segaram,

Can you show an example with a chart with arrows? I think I understand what you are saying, in that if coming from below and piercing the 38% retracement (not really a retracement as the fib is upside down, so I guess an extension) level, you are expecting or anticipating it to reach the next 100% (extension) level which is the gold/yellow lines?

Where would I get an updated breakout chart, or do I just continue to extend them off the other levels? Or, does the base number change and I now have to use a different base to run my first...
Bluemele.

The Chart picture explains how I trade using the power3 template. During September my profit targets were just below 100% levels, but this month since Bobi had mentioned price may not reach 100% for sure, I set my profit target to 76.4% levels. My style of trading may seem risky, but I enter small lots to control risk. Adding to position on pull backs and taking some profits off the table when price moves back up helps to further reduce risk. At least this is how I managed to make 54% profit within about two weeks. Hope this clears your question.

As far as I can tell, I haven't seen a breakout template uploaded by Bobi for October yet. Yes base number and phase values or gaps do change every month. Just download the templates for October on this thread uploaded by Bobi (Aebab).

I personally haven't used the breakout template as I don't know the rules behind it. I'm happy for the time being with power3, and power 4 template and now the latest version of the calculator for day trading. Now my hopes are way up. I'm targetting not just to double my account, but tripple it by the end of this month. Good Luck to all of us !
Attached Image (click to enlarge)
Click to Enlarge Name: my style.jpg Size: 205 KB
  • #1,933
  • Oct 10, 2010 11:14am Oct 10, 2010 11:14am
Quoting eTrader
This was not necessary if the system was explained in the first place.
FAQ thread is the result of bad teaching.
We should be grateful aebab has shared his system with us if we become too demanding he may decide it's just not worth the effort,hopefully this thread won't go the same way as the ill fated Mouteki and Jacko's threads but if it does at least i think this system is worth paying for

Edward
  • #1,934
  • Oct 10, 2010 11:46am Oct 10, 2010 11:46am
sorry am just a baby trader and want to follow seriously, what is pullbacks?
Quoting segaram
Hey there Subbu. I didn't use the calculator. I'm using the power3 template with the basic principle that Bobi discovered. Whenever the 38.2% fib was broken from the bottom, I entered a small lot. I used the calculator everyday to check the sentiment for the day and if I determine a bearish sentiment, I would add to my positions on those pullbacks. My Stoploss would be below 61.8% of the lower phase. I made all those money by adding to my position during pullbacks and taking partial profit off the table after major moves up. I admit spending alot...
  • #1,935
  • Oct 10, 2010 12:37pm Oct 10, 2010 12:37pm
thank you very much! very interesting approach! we learn every day
  • #1,936
  • Oct 10, 2010 1:02pm Oct 10, 2010 1:02pm
Quoting aebab
Hi
I am doing calculation based on High=1.3983,Low=1.3833,Close=1.3935;

It would be better you give your idea and let me see . if need correction then I would correct you.
Anyway,
1-Daily power Sentiment is lower than Close of the day means the price is already situated in Bullish area.
if price falls and can pass again this level then we will have a signal to target=1.3992...
.
Thanks so much Bobi, with this explanation we can undestand more and we can practice to observe the market. Really nice!
  • #1,937
  • Oct 10, 2010 2:35pm Oct 10, 2010 2:35pm
Segaram, Thanks for taking the time to explain.

Quoting segaram
Bluemele.

The Chart picture explains how I trade using the power3 template. During September my profit targets were just below 100% levels, but this month since Bobi had mentioned price may not reach 100% for sure, I set my profit target to 76.4% levels. My style of trading may seem risky, but I enter small lots to control risk. Adding to position on pull backs and taking some profits off the table when price moves back up helps to further reduce risk. At least this is how I managed to make 54% profit within about two weeks. Hope this clears your...
  • #1,938
  • Oct 10, 2010 2:39pm Oct 10, 2010 2:39pm
Aebab,
Thank you for your time and effort. I'm still on demo with the abonacci system.

Quoting aebab
In the next version , new features will be added . Some gauges to display the bullishness and bearishness of the market , volatility and Sell presssure will be part of the features . Breakout levels are also optimised .
It will be available up to end of the next week.
  • #1,939
  • Oct 10, 2010 2:51pm Oct 10, 2010 2:51pm
Quoting Prince Elvis
sorry am just a baby trader and want to follow seriously, what is pullbacks?
Very simple. Market goes to a certain direction for so many 'pips', it will usually retrace or pull back off the high. Then, it will pull back, pull back and pull back again and now you have a ranging market and most likely a wedge. haha...

It just means reversing its direction.
We are our own best indicator.
  • #1,940
  • Oct 10, 2010 2:52pm Oct 10, 2010 2:52pm
Quoting segaram
Bluemele.

The Chart picture explains how I trade using the power3 template. During September my profit targets were just below 100% levels, but this month since Bobi had mentioned price may not reach 100% for sure, I set my profit target to 76.4% levels. My style of trading may seem risky, but I enter small lots to control risk. Adding to position on pull backs and taking some profits off the table when price moves back up helps to further reduce risk. At least this is how I managed to make 54% profit within about two weeks. Hope this clears...
Great, thank you! This helps, every little bit helps.

What is the difference between power 3 and power 4? Probably the calculation used for the phases, but curious as to why there is a different one, which one is more profitable in certain conditions etc...?

I will stick with Power 3 for now and do the historical as you recommended. Thanks! You are a big help!
We are our own best indicator.
8 traders viewing now