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Aboonacci System - for EUR/USD prediction

  • #2,881
  • Nov 2, 2010 7:25am Nov 2, 2010 7:25am
the two templates is a bad idea. Its wrong for a system to contradict itself.

Are you shorting from the 76% template 4 position ?
If yes then you are 100 pips down.

Its a dangerous game.
Like I said QE tomorrow if you hold your short you could be 300 pips down by end of the week.

Quoting Sheumais
If you accept Power 3 is for the shorter term and Power 4 is for the longer term, it is possible for there to be a contradiction, especially in volatile markets.
  • #2,882
  • Nov 2, 2010 7:33am Nov 2, 2010 7:33am
Quoting DrLobo
the two templates is a bad idea. Its wrong for a system to contradict itself.

Are you shorting from the 76% template 4 position ?
If yes then you are 100 pips down.

Its a dangerous game.
Like I said QE tomorrow if you hold your short you could be 300 pips down by end of the week.
lol now the price broke 23.6% temp 4 so it should go to 76.4% but it still hasnt reached 23.6% of previous phase...i think we have problem here
  • #2,883
  • Nov 2, 2010 7:39am Nov 2, 2010 7:39am
Quoting FXMajors
No wonder people are confused we don't have one set of rules.. I made a comment yesterday I was told Bobi asked us to explore the calculator which is ok I am not against learning, as you may have noticed everyone post different calculations of there own invented methods which throws everyone off. Then you guys complain about spamming the thread with STUPID questions. I give up.

The chosen one's from this group to mediate are not the BRIGHTEST pun intended.
Yep, this is pretty much a lost cause. Bobi says its simple and that the answers are right in front of us... they probably are, we just don't know where to look. Then when we try to look, we just get more confused.

I guess if you don't "get it" in the first 3 weeks, its time to move on... to another worthless strategy/method/system.

(somewhat sarcastic)
  • #2,884
  • Nov 2, 2010 7:43am Nov 2, 2010 7:43am
Quoting netFX
This appears to be great system but as I can see there is confusion among the users on how to use it....
As I requested few days ago about document and confusion in rules it still exist and although system may be great but if there are no "fixed" rules (appears that there are several interpretations and results into long and short signals the way one interprets) it is dangerous to use it.
AshN
  • #2,885
  • Nov 2, 2010 7:45am Nov 2, 2010 7:45am
Good point.

Many layers of contradiction here.
But we are traders and we are used to that I guess.

Quoting LolCat
lol now the price broke 23.6% temp 4 so it should go to 76.4% but it still hasnt reached 23.6% of previous phase...i think we have problem here
  • #2,886
  • Nov 2, 2010 7:49am Nov 2, 2010 7:49am
I really know what to say to all that think there is no rule provided. If you just read the rules then you should know that what may cause the market to reverse . Do you remember the 38.2% of white fibonacci for both templates ?!!! if you draw that then you might know why the market was reversed yesterday . If you win then you say I have done good and everything is ok but if you go wrong then you insult the system and the group that they are not providing enough info.!!!
Didn't I mention when to recalculate ?!!! I myself just do it 2 times in a day . I posted also to do it at 12:00 pm FXPRO . Again many complaining that why we are not posting the rules of recalculation????? Very unfair!! . If you just click on my ID and see may last posts then you will get it .
Even I am providing a website for all new members to have the rules and FAQ and to add daily analysis(www.AbonacciSystem.com)and will be up very soon . There we will have a lot of plans to support . like sending newsletter for daily analysis and...But really I can not tolerate how the ones who are accusing the group that are not providing enough info.

The big problem is that you are not obeying the rules . Rule of 38.2% or 38.2% of white fibonacci and many things that I have provided as the rules .
Learn to walk before you run
  • #2,887
  • Nov 2, 2010 7:50am Nov 2, 2010 7:50am
Hi LolCat

There wasn't a close on 15 min Chart above that 23.6 level when you posted that, although there was close below the prior 23.6 level referred to.Perhaps that is relevant ? Also level not broken by 10 pips, I believe the 10 and 7 pip rule is relevant for the bigger levels although I could be wrong.

I don't tend to use the P4 Template as the P3 seems plenty good enough esp if you also plot the White 38.2 fib levels and High and Low Reversal points on it.

Regards

V
  • #2,888
  • Nov 2, 2010 7:51am Nov 2, 2010 7:51am
Quoting DrLobo
Good point.

Many layers of contradiction here.
But we are traders and we are used to that I guess.
I am sorry for it!!! if you think it is contradiction .
Learn to walk before you run
  • #2,889
  • Nov 2, 2010 8:00am Nov 2, 2010 8:00am
ok so where are we now? template 4 1.3813 hasnt been reached yet,is it still the target coz of 76,4% broken yesterday?
  • #2,890
  • Nov 2, 2010 8:06am Nov 2, 2010 8:06am
Quoting DrLobo
the two templates is a bad idea. Its wrong for a system to contradict itself.

Are you shorting from the 76% template 4 position ?
If yes then you are 100 pips down.

Its a dangerous game.
Like I said QE tomorrow if you hold your short you could be 300 pips down by end of the week.

I don't use Power 4 at all, but, as a generalisation, you can have a short-term trend that differs from a longer-term one and it depends upon the individual trader which style suits them the best.

I haven't checked to see if Power 4 contradicts Power 3, but the calculator and pivot suggested long and the chart confirms support at the white 38.2% line, so long it should be. Personally, if I had been long this morning, rather than not trading at all, I would have been delighted with the profits I had made and closed everything down. I don't believe in trying to find every last pip, even if the calculator and chart tell me where they can be found.
  • #2,891
  • Nov 2, 2010 8:09am Nov 2, 2010 8:09am
Quoting segaram
Becareful about going short because the Trend Identifier Sentiment is at 1.3917, which is higher than previous close. When I backtested October, this level is hit every single day, except for one day when it took 3 days and more than 200 or so pips of drawdown to hit it. But that level was hit nevertheless. I make trades based on this information alone as well. Basically, at 5:00pm New York time, after calculation, I place a trade toward the Trend Identifier Sentiment and place my TP there. So far it's been working amazingly for me. Even today:...
Thank you for your advice. I close already my trade.
  • #2,892
  • Nov 2, 2010 8:12am Nov 2, 2010 8:12am
there is no contradiction about this system...i'm not saying this simply to support the owner of the system, rather, i'm saying it from my personal experience.

the creator of the system said we can experiment with the system within the confines of the rules provided. now if in the course of interpreting individually, we made mistakes and our trades go awry, would it be right to say it is contradiction on the part of the rules?

it's that our interpretation is wrong but not the system.

it's just like the constitution, lawyers interpret it differently but that has noting to do with the law.

my piece is that we should go through or make effort to compile the rules on a sheet of paper and go through it often till we become accustomed with them.
The World As It Is Can Do With Your Positive Disposition
  • #2,893
  • Nov 2, 2010 8:13am Nov 2, 2010 8:13am
Hi Bobi

Thanks for your response.

It's great that you are putting up a website with lots of info and an FAQ. However I think your post is a bit of an overeaction.

I don't see anyone criticising your efforts and most posters have been extremely complimentary even if they are amazed at the predictive quality of your system.

I don't think it is wrong for either myself or other posters to ask for clarification on points where there is clearly some confusion.

I do follow your rules and am doing very well by them thank you !

If you could provide the post number where you addressed HOW the recalculation should be done it would be very much appreciated both by myself and the other posters who have queried this.

Best regards and a huge thank you for all your efforts.


V
  • #2,894
  • Nov 2, 2010 8:16am Nov 2, 2010 8:16am
Just to help those looking for specific points being addressed by certain individuals, the thread search allows you to refine your search, so, for example, you could try recalculate and Aebab in a search.
  • #2,895
  • Nov 2, 2010 8:22am Nov 2, 2010 8:22am
Quoting Villonius
Hi Bobi

Thanks for your response.

It's great that you are putting up a website with lots of info and an FAQ. However I think your post is a bit of an overeaction.

I don't see anyone criticising your efforts and most posters have been extremely complimentary even if they are amazed at the predictive quality of your system.

I don't think it is wrong for either myself or other posters to ask for clarification on points where there is clearly some confusion.

I do follow your rules and am doing very well by them thank you !

If...
clarification is very good and I agree . But just see many are coming to this forum and asking common questions and even they have not studied the rules and just want to take the calculator and go the way . The problem is that the system is completely different than traditional trading way and we need experience . When some one says
"Many layers of contradiction here.
But we are traders and we are used to that I guess. " what I should say . Accept it ? yes I accept because different levels of knowledge and experience . When we say long term we are addressing for those who may want to trade long term and T4 is good for them and when we are addressing to short term we mean for day traders.
That is why even I do not dare to post Power 5 Template !!!!
Learn to walk before you run
  • #2,896
  • Nov 2, 2010 8:31am Nov 2, 2010 8:31am
Yeah following the rules, will lead to contradictions.

The rules are not complicated to follow they have not been written down properly. However I started following the thread from the beginning so I am aware of the rules of this system.

Its a good system which allows you to capture some break outs but like every other system on this planet, its never going to be 100% so you need to mix it with other indicators to know when something has failed and that you need to exit the trade. Like I said had you shorted because of Template 4 you would be down 100 pips by now, only to see that template 4 is telling you now to go long. There is no interpretation required to follow a system. A robot can do it just by following the simple rules. Thats it.



Quoting liberty71
there is no contradiction about this system...i'm not saying this simply to support the owner of the system, rather, i'm saying it from my personal experience.

the creator of the system said we can experiment with the system within the confines of the rules provided. now if in the course of interpreting individually, we made mistakes and our trades go awry, would it be right to say it is contradiction on the part of the rules?

it's that our interpretation is wrong but not the system.

it's just like the constitution, lawyers interpret it differently...
  • #2,897
  • Nov 2, 2010 8:31am Nov 2, 2010 8:31am
Quoting Villonius
Hi Bobi

Thanks for your response.

It's great that you are putting up a website with lots of info and an FAQ. However I think your post is a bit of an overeaction.

I don't see anyone criticising your efforts and most posters have been extremely complimentary even if they are amazed at the predictive quality of your system.

I don't think it is wrong for either myself or other posters to ask for clarification on points where there is clearly some confusion.

I do follow your rules and am doing very well by them thank you !

If you could...
If you check out this post and check the prices when it was posted, you will see that bobi clearly took the high and low of the current day for the calculation:

http://www.forexfactory.com/showpost...postcount=2101
  • #2,898
  • Nov 2, 2010 8:41am Nov 2, 2010 8:41am
Thanks Bobi

I agree that some traders just seem to want the quick fix without doing the work to understand what your system is presenting.

It is clear that P3 and P4 are different.If nothing else the big difference in the Phase Length should say something !

So could you please clarify the Re-Calculation issue.

My current understanding is that timing is end of Asian session.Plus also Friday night to Monday morning especially if there is a large gap.Correct ?

Next comes the method of recalculating.

My understanding of your system is that the previous day HL is extemely relevant for the next day range and price movement.

Therefore I suggested as per my post earlier that an Intra Day recalculation should be done with the previous day H/L + the Closing price at that point in time eg end of Asian Session.Is this Correct ?

LuckyLady who is a member of your group suggested earlier today that when doing an IntraDay re-calculation we should use the Current day H/L plus the relevant Close.She advised that this is what you had told them was the correct way.

So if you could clarify once and for all the correct WAY not time to re-calculate I am sure that would be really appreciated by followers of your system on this thread.

I did do a search based on Aebab and re-calculate but it brought up a lot of posts.

A simple answer would put this to bed once and for all.

All the best



V
  • #2,899
  • Nov 2, 2010 8:42am Nov 2, 2010 8:42am
Last month when the market was heading down , many said the rules are broken and we were near BASE LINE ,. What the rule # 7 was saying "302 pips away from base line will be on that way " and also 429 pips away of Base Line will make market so bullish that it can not be reversed to and go in opposite direction .
We were not talking about trend line or channels and .... just number of pips . No one focused to this rule when the market was down last month then you can buy and keep your positions for long term , as I did .
If someone comes here and see many interpretations it does not mean that the rules are not enough or not provided . just see how many traders from different countries are in the forum (see the flag in www.AbonacciSystem.com" ) with different knowledge and understandings ? I provided that site just for this reason to gather all the rules and FAQ in one place to be accessed easily.
Learn to walk before you run
  • #2,900
  • Nov 2, 2010 8:45am Nov 2, 2010 8:45am
Those who see any contradictions about the trade post it and then we will know where the contradiction is .
I will see and answer tonight . Now I have to leave . Please be specific .
Learn to walk before you run
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