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Aboonacci System - for EUR/USD prediction

  • #3,021
  • Nov 4, 2010 1:32am Nov 4, 2010 1:32am
Quoting FXMajors
With all due respect Bobi stop kidding yourself and others. If this was an iron clad system you wouldn't be wasting your time on FF building your brand. Many traders who are following are still getting to know the system most of them are still confuse. Everyone has a different risk tolerance. How many you think sustain the drop of 95 pips then 195? You yourself not sure if it's 76 68 or 38 you keep making the rules as you go long. Since the inception of FF hundred if not thousands of system came and gone. You can't expect to trade the news without...
I know for a fact because a friend of mine had a pending order in, when the 38.2% line was broken it carried on up with no break to the 100% phase line and he only had slippage of a couple of pips.

So going by the rules bobi has posted nobody would have had to sustain a drop of anything. The rules have not changed from the beginning of this thread. If you look at the pdf and go to the last page those rules are there. We will be putting up an easier to understand version with pictures, but the rules are exactly the same.
  • #3,022
  • Nov 4, 2010 1:38am Nov 4, 2010 1:38am
Quoting bonzer
Check out the image.
are we in phase 1 or 2 right now? ph 1 up at 100% i see but dont get if its going up into it or out of it
  • #3,023
  • Nov 4, 2010 1:51am Nov 4, 2010 1:51am
Quoting FXMajors
Lolcat

I have nothing against the system or it's creator matter fact I have the highest regards for Bobi's math skills, I made a comment when I read your post in which you stated "bobi said news are not important,everything is predetermined". When the price dropped -95 pips 1 min prior to the news was that a coincidence too?. I have yet to read a statement by him suggesting that. The System/Calculator are great tools to trade logically not blindly. Political or natural disaster can strike without warning, which can swing the market in any direction....
afaik and bobi confirmed that the market is predetermined (btw fibonacci is not just some kind of magic,its golden rule in nature-thats predetermined),news are just accelerator or catalyst w/e you want
to call it...the fact that market jumps up and down,that has nothing to do with this system,its just human reaction to big news but rules are allways followed...and if somebody lose pips because of that big jumps its because of execution of orders on brokers part,it has nothing to do with abonacci...if your broker can make your orders w/o slippage then yesteday following 38.2 rule you could make yourself a lot of pips

btw i dont use calc as holy grail,just as compass as it helps to see me where we are,if i ve followed calc i d made more than 10 trades per day,thats overtrading i doubt anybody with common sense is doing that

if you dont trust this system its ok,i have simple rule if something is working for me i use it,if it stops working i quit

i dont know how did bobi figured out his numbers,and i dont care if he wants to keep it as his secret,i just pray to every god there is he ll stay around for very long time

have a nice day
  • #3,024
  • Nov 4, 2010 1:58am Nov 4, 2010 1:58am
Quoting Wgold2
are we in phase 1 or 2 right now? ph 1 up at 100% i see but dont get if its going up into it or out of it
last night price spiked up to 38% in phase 3
but prlce is for the moment in phase 2
Attached Image (click to enlarge)
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  • #3,025
  • Nov 4, 2010 2:11am Nov 4, 2010 2:11am
ok im correct then, bonzer 1.45 is in phase 5 you are a phase out
  • #3,026
  • Nov 4, 2010 2:12am Nov 4, 2010 2:12am
another boring morning,price doesnt want to move...everybody is scared lol or proly drinks himself to death after yesterday
  • #3,027
  • Nov 4, 2010 2:14am Nov 4, 2010 2:14am
Quoting LolCat
afaik and bobi confirmed that the market is predetermined (btw fibonacci is not just some kind of magic,its golden rule in nature-thats predetermined),news are just accelerator or catalyst w/e you want
to call it...the fact that market jumps up and down,that has nothing to do with this system,its just human reaction to big news but rules are allways followed...and if somebody lose pips because of that big jumps its because of execution of orders on brokers part,it has nothing to do with abonacci...if your broker can make your orders w/o slippage...

I am sure most traders in this forum share the same sentiment as yours. I really don't understand why there is so much malice when someone is taking so much time to educate others with their brilliance. Appreciation is so hard for some!!!

Regards
STING
  • #3,028
  • Nov 4, 2010 2:19am Nov 4, 2010 2:19am
Guys, please help me to understand.
The spike from yesterday broke with more that 38 pips to phase 3 of power template 3, that means we must go to 100%.
We also have broke the 1.4052 level, and the calculator is telling us that we must reach 1.4243.
There is any reason to take and short position?
  • #3,029
  • Nov 4, 2010 2:23am Nov 4, 2010 2:23am
Quoting aurelian
Guys, please help me to understand.
The spike from yesterday broke with more that 38 pips to phase 3 of power template 3, that means we must go to 100%.
We also have broke the 1.4052 level, and the calculator is telling us that we must reach 1.4243.
There is any reason to take and short position?
On the power 3 template the rule is, if it breaks the 38.2% of the phase we should go to 100%, not 38 pips.
  • #3,030
  • Edited 2:37am Nov 4, 2010 2:24am | Edited 2:37am
Quoting aurelian
Guys, please help me to understand.
The spike from yesterday broke with more that 38 pips to phase 3 of power template 3, that means we must go to 100%.
We also have broke the 1.4052 level, and the calculator is telling us that we must reach 1.4243.
There is any reason to take and short position?
be carefull with such huge jumps,the price tends to go down before resumes its natural way...yesterdays spike is unnatural,it usually goes down to previous level,in this case around 4050,if you are not confident you should better not trading today and maybe even tomorrow

my setup for today is short @ 4095 TP 4075 (38.2% white fib),retrace posible in this case short @ 76.4% yellow fib TP 4050
long @4210 (i prefer to enter long in uptrend beyond 38.% white fib) TP 4244,in case there is retrace at 38.2% white fib,long @ 4177 TP 4244
  • #3,031
  • Nov 4, 2010 2:59am Nov 4, 2010 2:59am
The clarification of the rules would be helpful, as it's obvious there is still some confusion, but, and it's an important but, if anyone feels they don't understand the rules, they should not be trading with the system yet.

The regular posting of traders' reading of the day to come is very helpful and confirmation of success enjoyed is commonplace. If you're not enjoying the same success, be patient and if after a while you still can't see why it's not working for you, walk away.
  • #3,032
  • Nov 4, 2010 3:41am Nov 4, 2010 3:41am
Quoting luckylady
On the power 3 template the rule is, if it breaks the 38.2% of the phase we should go to 100%, not 38 pips.

100% is not guaranteed 76.4 lvl min possibly 100%.
  • #3,033
  • Nov 4, 2010 3:44am Nov 4, 2010 3:44am
Quoting Wgold2
ok im correct then, bonzer 1.45 is in phase 5 you are a phase out
I showed you the image. If you want to believe your in phase 3 thats fine.
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  • #3,034
  • Nov 4, 2010 3:55am Nov 4, 2010 3:55am
Quoting LolCat
be carefull with such huge jumps,the price tends to go down before resumes its natural way...yesterdays spike is unnatural,it usually goes down to previous level,in this case around 4050,if you are not confident you should better not trading today and maybe even tomorrow

my setup for today is short @ 4095 TP 4075 (38.2% white fib),retrace posible in this case short @ 76.4% yellow fib TP 4050
long @4210 (i prefer to enter long in uptrend beyond 38.% white fib) TP 4244,in case there is retrace at 38.2% white fib,long @ 4177 TP 4244
Lolcat. Keep it simple as i mentioned before if price breaks down through the 618 lvl it should reach the 23 lvl I wouldn't take a short of breaking down through the 76 lvl as you can see pa is now headed back up but never broke the 618 lvl now price has broken the 38.2 lvl but its moved up now with out a retrace I'm expecting some consolidation before it heads higher target 76 area or 4244 then possibly 100 lvl. p3 rules
  • #3,035
  • Nov 4, 2010 4:02am Nov 4, 2010 4:02am
Following the chart rules, the High Reversal Point was very close to Up 50% on the Break Outs scale on the calculator, so I took a long position, with a short stop and have closed my position with 40pips in the bag, which will do me for the day. I expect more will be available to anyone remaining long, but that's enough for me for one day.
  • #3,036
  • Nov 4, 2010 4:05am Nov 4, 2010 4:05am
Quoting bonzer
Lolcat. Keep it simple as i mentioned before if price breaks down through the 618 lvl it should reach the 23 lvl I wouldn't take a short of breaking down through the 76 lvl as you can see pa is now headed back up but never broke the 618 lvl now price has broken the 38.2 lvl but its moved up now with out a retrace I'm expecting some consolidation before it heads higher target 76 area or 4244 then possibly 100 lvl. p3 rules
i would only take short of 76 if previous 38 white fib act as a support,its the same situation that can happen now but in downtrend

we have now broke 38 yellow and white fib,if its going up w/o retrace 76 is target,however if there is retrace it will go to 23 yellow and maybe few pips lower and bounce back to 76...this 23 yellow is another good place to go long because we have confirmed uptrend by breaking 38 yellow

now that i look at it it looks complicated but it isnt really

if anyone wants pictures i can post them as soon as i figure out how to do that lmao
  • #3,037
  • Nov 4, 2010 4:09am Nov 4, 2010 4:09am
I believe that spike was the first test of the 38 area thus it went right through instead of pulling back similar to what you would see on nov 2nd
  • #3,038
  • Nov 4, 2010 4:10am Nov 4, 2010 4:10am
Quoting bonzer
100% is not guaranteed 76.4 lvl min possibly 100%.
Taken from the pdf:

2-If each 38.2% of each phase is broken from downside , then price should meet 100% of that level.

The only time that was changed was last month when bobi warned that it might not reach it, obviously 76.4% is a safer target.
  • #3,039
  • Nov 4, 2010 4:11am Nov 4, 2010 4:11am
Quoting bonzer
I believe that spike was the first test of the 38 area thus it went right through instead of pulling back similar to what you would see on nov 2nd
All in all though 38 break now reach 76 lvl simple now possibly 100 lvl.
  • #3,040
  • Nov 4, 2010 4:12am Nov 4, 2010 4:12am
There might be better ways to do it, but I click on File on MT4 and save the chart as a picture. You can then upload it as an attachment.

(Turquoise line is High Reversal.)
Attached Image (click to enlarge)
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