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Aboonacci System - for EUR/USD prediction

  • #2,081
  • Oct 13, 2010 12:11pm Oct 13, 2010 12:11pm
I had a brief discussion with aebab today to better understand how to correctly read the calculator interpretations, below is the excerpt from the discussion...

[3:56:55 PM] house43: Bobi pls if you have some few minutes, i need you to explain something to me
[3:57:23 PM] Bobi Abonacci: ok.
[3:58:53 PM] house43: pls i need you to take me through the calculator daily range based interpretation and the daily interpretation
[3:59:12 PM] Bobi Abonacci: which day?
[3:59:17 PM] house43: the daily power sentiment, what does it stand for?

[4:00:04 PM | Edited 4:00:12 PM] Bobi Abonacci: It means the point if broken will take the price to the appointed target
[4:00:15 PM] house43: yes
[4:01:08 PM] Bobi Abonacci: it also can be supposed as dailly power meter
[4:01:36 PM] Bobi Abonacci: because it displays the power of range of the day to get to a certain target
[4:01:43 PM] house43: okay
[4:01:51 PM] house43: what happens if the pull back level is higher/lower than the pull back signal?
[4:03:09 PM | Edited 4:03:11 PM] Bobi Abonacci: when pullback level is < Pullback signal it means there is buy signal around . Because it is playing the roll of a support for pullback signal
[4:05:13 PM] Bobi Abonacci: any other Q
[4:06:04 PM] house43: yes
[4:06:14 PM] house43: the daily interpretation
[4:06:39 PM] house43: you know we have breakout 1 and then breakout in different colour
[4:07:00 PM] Bobi Abonacci: yea'
[4:07:11 PM] house43: what does the different colors stand for?
[4:09:42 PM] house43: one last question Bobi

[4:10:15 PM] house43: kindly explain the effects of the passage resistances

when i asked the above question, he referred me to this post....

http://www.forexfactory.com/showpost...postcount=2053

please read through and I'm certain those of us who are still confused about the application of the calculator will come to a good grasp of the system
The World As It Is Can Do With Your Positive Disposition
  • #2,082
  • Oct 13, 2010 1:45pm Oct 13, 2010 1:45pm
Quoting Jeg
Hi Lee, what about the reds, since Bobi used the rule that if the price crossed the 38.2% red Fibo it would reach the 100%. I also wanted to confirm if possible if that 100% was referred to red 100% of the red Fibo or the fase? Thank you for your help
Jeg,

In all honesty, I joined the group a little late and am rusty on the 38 to 100% rule.

I don't beleive that it is applicabale to ALL fibs, if it was.... lets face it, we would just be in a continual climb..... as much as I would like that....

My understanding of the red fib was that it had one trade linked to it, which also included the green fib.

Either way... you can remove the red, green and blue fibs (but remember you have to draw the two blues to draw the white).

My view, and this is NOT Bobi's talk, is that the fibs gave people A) an idea of how things worked, what to look for and when and B) gave a deep(er) insight in how fibs can be used.

This bears no semblance to what is happening as I am a very ver junior trader, but I had never realyl looked at fibs within fibs........

I know this doesn't anwer your question and for that I am sorry, but I hope it helps in moving forwards.......

Don't tell Bobi , but I am glad we removed some of those fibs..... My chart looked like a rainbow on speed

Regards

Lee
  • #2,083
  • Oct 13, 2010 2:37pm Oct 13, 2010 2:37pm
Can anybody explain why the 2010/10/07 and 2010/10/10 the price crossed the 38.2 yellow fib, but failed to reach 100 of the current phase ???????????
rules do not work????
  • #2,084
  • Oct 13, 2010 2:58pm Oct 13, 2010 2:58pm
Quoting AcoomA
Can anybody explain why the 2010/10/07 and 2010/10/10 the price crossed the 38.2 yellow fib, but failed to reach 100 of the current phase ???????????
rules do not work????
If you read through the thread, it was stated at the beginning of this month that it is not guaranteed to reach the 100% of the current phase but it should reach the 76.4. On 7th it reached the 76.4%. On the 10th it was not crossed through from underneath, it was there because of the gap, so not sure if those would have the same rules, I will let bobi answer that particular case.
  • #2,085
  • Oct 13, 2010 3:05pm Oct 13, 2010 3:05pm
Great job Bobi on the thread. Still learning your system and practicing on a demo account.

Keep up the good work!
  • #2,086
  • Oct 13, 2010 3:12pm Oct 13, 2010 3:12pm
Quoting leemonk
Jeg,

In all honesty, I joined the group a little late and am rusty on the 38 to 100% rule.

I don't beleive that it is applicabale to ALL fibs, if it was.... lets face it, we would just be in a continual climb..... as much as I would like that....

My understanding of the red fib was that it had one trade linked to it, which also included the green fib.

Either way... you can remove the red, green and blue fibs (but remember you have to draw the two blues to draw the white).

My view, and this is NOT Bobi's talk, is that the fibs gave people...
Thank you for your straight answer, to be honest I still have some more questions but with all respect I stopped asking, since I see very little movement on this thread... it looks like a doctor's waiting room. It started very intense and due to all the following comments it is dying, specially after Bobi said "Bye bye". I saw him appearing from time to time but there is a lack of teaching, as it was offered at the beginning, not even conversations between members or group members. The interventions could be restricted to his group at least but it is not fair to wait for the daily results without sharing, it is the second time that I make this kind of remarks and got no answers yet from anybody.

If you could tell us where is this thread directed or what are Bobi's plans related to it I would really appreciate it. Have my best regards.
  • #2,087
  • Oct 13, 2010 5:34pm Oct 13, 2010 5:34pm
Okay,

I'm going to give a bit more of 'my view' on things. Please please note, this is my view ONLY. Others may agree and others may disagree.

What we are looking at here is getting deeper by the day. It is clearly turning into something that you can't just throw into a workbook or a manual and hand it over to someone/anyone.

It needs teaching and sadly good teaching takes time...... and that is where we are right now.

Bobi, being a trader, obviously needs to trade, so sadly for us and you he can not teach us all day long. Therefore he is in the process of adding structure to the learning as well as adding new material.

Like most people, I want to see the bigger and better stuff now, but in order to work the bigger and better stuff, we have to get good at the smaller stuff...... by stuff I mean calculators and charts etc etc.....

So, there is a fine balance that is being worked on between releasing new material, teaching the old material, teaching the new material and trading.

There have been some good movements this week towards getting information out to you guys and more importantly, getting the instructions out.... so you should start to see an improvement there.

I share your frustration..... I want to know all of this yesterday too... but one man can not teach everyone..... We all have a different level of understanding right now, we all trade differently, we all learn at a different pace and it takes time to work this out in a team.

It is moving forward... I can assure you of that, and you will start to see more informative posts......

I can only ask that you be patient.

Also.... please do not forget that Bobi did create another thread - FAQ and an email address for you to send your queries too...... he did infact comment that the response level was poor considering the questions within the thread..... so, whilst you are waiting, it might just be worth giving it a try.

FAQ Thread: http://www.forexfactory.com/showthread.php?t=260280
FAQ email: [email protected]

If you have questions, please post them. We have tons of our own questions for Bobi on a daily basis, but we can't think of them all!

Liberty does a great job of making sure he gets answers for as many as we can...... so we'll keep pestering him too

Regards

Lee
  • #2,088
  • Oct 13, 2010 7:24pm Oct 13, 2010 7:24pm
Quoting leemonk
Okay,

I'm going to give a bit more of 'my view' on things. Please please note,...
Lee, I appreciate very much your response, it is fair. I just can justify my impatience due to the eagerness to learn such an impressive system. Thank you and Bobi for his creative work.
  • #2,089
  • Oct 13, 2010 7:56pm Oct 13, 2010 7:56pm
Quoting AcoomA
Can anybody explain why the 2010/10/07 and 2010/10/10 the price crossed the 38.2 yellow fib, but failed to reach 100 of the current phase ???????????
rules do not work????
Look at where price just hit at 1:00am UK time.
  • #2,090
  • Oct 13, 2010 8:13pm Oct 13, 2010 8:13pm
Quoting aebab
Good questions
1-High breakout is the confirmation to get to target for High breakout1
2- Low breakout is the confirmation to get to target for Low breakout1
3-The Passages as their names make obvious , are the passage point to get to other points . Suppose price is below "Main High Passage Resistance" , if it can pass this level , price will tend to reach passage resistance.
Another case: Price is higher than "Main High Passage Resistance" , falls below that point and even passes Mid point of "Main High Passage Resistance" and "Passage...
I have question about item 1: you say that high breakout is the confirmation to get the target for high breakout 1. but it seems, the high break out value is higher than the target number for the example you provided. I know i am missing somthing, but i would appreciat if someone could explain this to me.

shouldnt the high breakout value be somewhere in middle between the target and the high break out 1?
  • #2,091
  • Oct 13, 2010 11:09pm Oct 13, 2010 11:09pm
Quoting a24ali
I have question about item 1: you say that high breakout is the confirmation to get the target for high breakout 1. but it seems, the high break out value is higher than the target number for the example you provided. I know i am missing somthing, but i would appreciat if someone could explain this to me.

shouldnt the high breakout value be somewhere in middle between the target and the high break out 1?
Hi
In this situations it means a bullish signal is on the way
Learn to walk before you run
  • #2,092
  • Oct 13, 2010 11:11pm Oct 13, 2010 11:11pm
Quoting Jeg
Lee, I appreciate very much your response, it is fair. I just can justify my impatience due to the eagerness to learn such an impressive system. Thank you and Bobi for his creative work.
I am so happy that you found system impressive. I hope in the next version you can identify the trend much easier. Please gather all questions and email to [email protected] so we can answer them all quickly.
Learn to walk before you run
  • #2,093
  • Oct 13, 2010 11:15pm Oct 13, 2010 11:15pm
Quoting Jeg
Hi Lee, what about the reds, since Bobi used the rule that if the price crossed the 38.2% red Fibo it would reach the 100%. I also wanted to confirm if possible if that 100% was referred to red 100% of the red Fibo or the fase? Thank you for your help
I draw red fibonacci to find high reversal . But only high reversal level is kept and I delete the fibonacci .
Learn to walk before you run
  • #2,094
  • Edited 11:47pm Oct 13, 2010 11:28pm | Edited 11:47pm
Quoting aurelian
Eurusd have just passed the Main High Passage Resistance and there is nothing to stop it until Brake out 2 (1.3999)
Hi,
I saw your posts and I think you are getting system very well . But please refer to the rules:

7-If price goes 302 pips away from Base Line in Abonacci Phase Template , then trend will be in that way . For example if price goes high away from Base Line , then you can say that month is still UPTREND and vice versa .In that case price will reach to 3th phase and if passes 23.6% of 4th phase , it will reach to 100% level of 4th phase.But if price goes away 429 pips from the Base line , then it has no power to be reversed
and break its opposite direction.
The highest price of the month was 1.4028 . It made 358 pips away from Base Line . What does it mean? it means the market is still in Bullish and we should expect it to reach to 3rd and finally 4th level. The difference between Abonacci system with other systems is its rules which should not be broken and in case even one main rule is broken then all of the rules should be justified again by me and I have had no experience about the rules to be broken . Refer to Whole month interpretation of the software to find how breaking points are obeying the rules .In this system the is no trend line breaking or something like that . Everything is taken from a wavelength which is constant to EUR/USD.
Learn to walk before you run
  • #2,095
  • Oct 13, 2010 11:33pm Oct 13, 2010 11:33pm
Quoting joker24
Hello Bobi,

...
Both 1 &2 are good for recalculation. But instead of suggesting any HLC to use , do back testing with the software that I posted for Sep 2010 (Ver 3) and see which one suits your way. I uploaded that software for this purpose.
Learn to walk before you run
  • #2,096
  • Oct 13, 2010 11:35pm Oct 13, 2010 11:35pm
Quoting AcoomA
Dear Aebab, could you explain why the 10/07/2010 and 10/10/2010 the price crossed the 38.2 but failed to reach 100 of the current phase ???????????
I think you got your answer now.Price passed to 100% . Refer to rule # 7 in pdf.
Learn to walk before you run
  • #2,097
  • Oct 14, 2010 12:01am Oct 14, 2010 12:01am
Dear Aebab, u are right about reaching 100% of the phase, but after crossing 38.2% of a phase, is there a rule for stop loss. Price retraced below the phase level and reached 50% of the lower blue fibonacci. where can we put a stop loss for the long trade taken after crossing 38% or should we not put a stop loss?

Thanks again for the great system. yesterday was my first loss as i took a long trade and put 10 pips SL below the 3rd phase. It hit my stoploss and went 5 pips more below and reversed. I had a buy order again from 38.2 and that covered my loss. however, can you please answer the stoploss rules for my above question. thanks a million .

Regards
STING
  • #2,098
  • Oct 14, 2010 12:11am Oct 14, 2010 12:11am
Quoting stringfx
Dear Aebab, u are right about reaching 100% of the phase, but after crossing 38.2% of a phase, is there a rule for stop loss. Price retraced below the phase level and reached 50% of the lower blue fibonacci. where can we put a stop loss for the long trade taken after crossing 38% or should we not put a stop loss?

Thanks again for the great system. yesterday was my first loss as i took a long trade and put 10 pips SL below the 3rd phase. It hit my stoploss and went 5 pips more below and reversed. I had a buy order again from 38.2 and that covered...
Good question. I use calculator to find the stop loss for a specific day.But if you are a long term trader , appoint 60 pips to your stop loss. Because as you saw if 60 pips away from 38.2% , it will tend to go 60 pips more.But again I would refer you to the main rules for long term trading.
Learn to walk before you run
  • #2,099
  • Oct 14, 2010 12:35am Oct 14, 2010 12:35am
Making the calculation for the Asian session we obtain the following High/Low Break Outs.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 90 KB
  • #2,100
  • Edited 12:47am Oct 14, 2010 12:44am | Edited 12:47am
Dear Aebab, thanks for the prompt reply, however 60 pips would have still hit my stoploss as it went 63 pips from 38.2 (in my chart).

Is it possible to show us how do you calculate it through the version 3 calculator. what will be the high,low, close and which level would determine the SL.

will you calculate the high,low close of the last candle after crossing 38.2? iam using power template 3. Please let us know which level on the calculator shows the stop loss. is it the pull back signal?

thanks
STING
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