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Aboonacci System - for EUR/USD prediction

  • #3,181
  • Nov 7, 2010 4:52pm Nov 7, 2010 4:52pm
Everyone that read this thread from its beginning could extract all the written rules to his own document and then revise them. I know it's easier for someone else to do it instead of you, but to be honest, don't you want to make profit from forex on your own? Don't you want to understand this system more thoroughly than just being on autopilot? Many here behave similar as a tribe in "The Gods Must Be Crazy" movie from the eighties of previous century. It makes me laugh

I want to repeat a very true wisdom from pipEASY and james16 that might transform you into a profitable trader:

"Find your ONE thing in forex trading and HOLD ON to it!"
Don't get distracted by 20 rules or 30 advices at once!
Start with ONE ONLY!

This thread is one of a very good places here on FF to find that ONE thing for yourself. Focus on it and practise it so long it comes to your blood. Only then start trying the second one, because you'll already benefit greatly from your 1st one.

For the end, I want to say it once again - I did collect many rules here, revised them and put them into a readable form. I am not in Bobi's private group, but I am awaiting comment onto this summary from this group, and as soon as I have a positive feedback, I am going to share this summary with all of you.
  • #3,182
  • Edited 5:17pm Nov 7, 2010 5:00pm | Edited 5:17pm
Quoting vanderpjer
Everyone that read this thread from its beginning could extract all the written rules to his own document and then revise them. I know it's easier for someone else to do it instead of you, but to be honest, don't you want to make profit from forex on your own? Don't you want to understand this system more thoroughly than just being on autopilot? Many here behave similar as a tribe in "The Gods Must Be Crazy" movie from the eighties of previous century. It makes me laugh

I want to repeat a very true wisdom from pipEASY and james16...
Niceone, look forward to reading this however you should not laugh at others who dont understand (if that is what you mean). I do not agree that everyone could understand it at the moment and I think that is why the group are revising the rules.
  • #3,183
  • Nov 7, 2010 5:07pm Nov 7, 2010 5:07pm
Quoting viocable
if 1.4000 is said broken, how many pips price must pass this number? 10 pips is enough, or not?

I think if we already see the 61.8 lower phase (which is 1.3971), the trend might has changed to down and ready to meet 1.3923 below.

how do you think?
rule 8 says that once we are 157 away from the broken high reversal at around 1.4 we should go down another 127 pips.

I will not short this month anyway only stop losses somewhere between baseline and phase 1 50% depending on other factors.
  • #3,184
  • Nov 7, 2010 5:26pm Nov 7, 2010 5:26pm
Quoting vanderpjer
Everyone that read this thread from its beginning could extract all the written rules to his own document and then revise them. I know it's easier for someone else to do it instead of you, but to be honest, don't you want to make profit from forex on your own? Don't you want to understand this system more thoroughly than just being on autopilot? Many here behave similar as a tribe in "The Gods Must Be Crazy" movie from the eighties of previous century. It makes me laugh

I want to repeat a very true wisdom from pipEASY and james16...

" I know it's easier for someone else to do it instead of you, but to be honest, don't you want to make profit from forex on your own?" This is the goal but having to rely on Abab every month is not really trading on your own now is it ?
  • #3,185
  • Nov 7, 2010 7:38pm Nov 7, 2010 7:38pm
Quoting LolCat
trend identifier is 4013,when gap occurs short with TP 4013,that will also fill the gap,if 3990 holds next step would be basic 38-76 long,after that who knows
I took a short off of 4056 targeting 3994 I believe this area should hold
  • #3,186
  • Nov 7, 2010 7:53pm Nov 7, 2010 7:53pm
Quoting bonzer
I took a short off of 4056 targeting 3994 I believe this area should hold
It reached 1st and then my 2nd target of 3975. Out expecting retrace.
  • #3,187
  • Nov 7, 2010 7:55pm Nov 7, 2010 7:55pm
Now if it comes up and breaks 4062 this would mean that price will not continue its down tendency according to the calculator
  • #3,188
  • Nov 7, 2010 7:58pm Nov 7, 2010 7:58pm
Imo I think it will come up to test 4016 was support now resistance. If it breaks this lvl could be potential to go long or if this lvl holds potential to short
  • #3,189
  • Nov 7, 2010 10:30pm Nov 7, 2010 10:30pm
Hi aebab and others,

I have been trading forex for about 2 months. 1 month with my real account. However I am still struggling.

I stumbled upon this thread two weeks ago and read through it, even though it has grow rather long.

Thanks to Bobi for sharing his method. It is a truly novel approach.

Bobi has mentioned Break Out Template in Learning Aboonacci pdf but I could not find one for Nov.

Is there a Break Out Template template for Nov? If not, what are we using in its place.
  • #3,190
  • Nov 7, 2010 11:56pm Nov 7, 2010 11:56pm
smallpip

The breakout template is also called Power Template 4. (thanks LL)

If you click on the paperclip icon in the top right of each page, you will get a list of attachments. If you hide images you will see the template (tpl) files for November a few down from the top.


Quoting smallpip
Hi aebab and others,

I have been trading forex for about 2 months. 1 month with my real account. However I am still struggling.

I stumbled upon this thread two weeks ago and read through it, even though it has grow rather long.

Thanks to Bobi for sharing his method. It is a truly novel approach.

Bobi has mentioned Break Out Template in Learning Aboonacci pdf but I could not find one for Nov.

Is there a Break Out Template template for Nov? If not, what are we using in its place....
  • #3,191
  • Nov 8, 2010 12:01am Nov 8, 2010 12:01am
Quoting live2trade_2
smallpip

The breakout template is also called Power Template 3.

If you click on the paperclip icon in the top right of each page, you will get a list of attachments. If you hide images you will see the template (tpl) files for November a few down from the top.
The breakout template is called Power Template 4 not 3.
  • #3,192
  • Nov 8, 2010 12:03am Nov 8, 2010 12:03am
Hi Lucky Lady

Thank you for the correction.


Quoting luckylady
The breakout template is called Power Template 4 not 3.
  • #3,193
  • Nov 8, 2010 12:26am Nov 8, 2010 12:26am
The Trend Identifier Sentiment is almost allways hit before UK session. Today is no exception. I shorted at the open and targeted the Trend Identifier Sentiment before UK session. (1.4012). I woke and found my trade closed for 40 pip gain. Another reason for me to short is gaps on Mondays are usually filled within a very short time.
Attached Image (click to enlarge)
Click to Enlarge Name: TISBUKS.jpg Size: 109 KB
  • #3,194
  • Nov 8, 2010 12:54am Nov 8, 2010 12:54am
Quoting vanderpjer
Everyone that read this thread from its beginning could extract all the written rules to his own document and then revise them. I know it's easier for someone else to do it instead of you, but to be honest, don't you want to make profit from forex on your own? Don't you want to understand this system more thoroughly than just being on autopilot? Many here behave similar as a tribe in "The Gods Must Be Crazy" movie from the eighties of previous century. It makes me laugh

I want to repeat a very true wisdom from pipEASY and james16...

You know, I've also been following this thread from the first few days of it's existance and I still don't know all the rules. But I'm making money. In less than 7 weeks time, I've managed to increase my account by more than 375% (from $1000 to $3750 PLUS). I only follow the template 3. After sepending hours upon hours backtesting, now I'm also trading from 5:00pm Open to Trend Identifier Sentiment Level before UK session. I have noticed this level to be broken everyday with the exception of one day since beginning of October. I have a copy of the PDF with all the rules and everyday when I go over it, I'm learning something new. Guys what I'm trying to say is, with this system of Bobi's, you can start with one rule at a time and build your knowledge as you are building your equity. I know you can do this because that's what I've been doing. I know some of you have made much much more than mylself using Bobi's templates and calculators, but I'm happy with mines and I'm confident that I will be making money at a much faster rate in a short while. Be patient and take one step at a time. Hope this helps those of you new and confused here. The basic template 3 --> 38.2% to 76.4% and 61.8% to 23.6% alone can make you huge sums of money in a short time. Good Luck.
  • #3,195
  • Nov 8, 2010 12:57am Nov 8, 2010 12:57am
Hi everyone, please see the attached picture :

http://img593.imageshack.us/img593/711/tes.gif


On the ellipse, can we say that price has broken 38.2 line from below? (Consider we don't know yet that price will jump down).

And for current condition, if the price go up and break 38.2 on current phase (1.3942), will it go up to 76.4 (1.3990) according to the rules?

Or, does it break means that, break 38.2 of another/upper phase (which is 1.4069)? not current phase?
  • #3,196
  • Nov 8, 2010 1:13am Nov 8, 2010 1:13am
I have downloaded the latest version abonacci calculator V3.7, unfortunately it doesn't work and an error message appear.Anyone can help?

TQ
  • #3,197
  • Nov 8, 2010 1:31am Nov 8, 2010 1:31am
At the moment you are referring (1.4068) you can NOT apply the rule 38.2>76.4 because the phase 2 was not over (the price 1.4020) have not been reached.
  • #3,198
  • Nov 8, 2010 1:42am Nov 8, 2010 1:42am
Please see previous advice re calculator problems.
  • #3,199
  • Nov 8, 2010 2:21am Nov 8, 2010 2:21am
Quoting viocable
Hi everyone, please see the attached picture :

http://img593.imageshack.us/img593/711/tes.gif


On the ellipse, can we say that price has broken 38.2 line from below? (Consider we don't know yet that price will jump down).

And for current condition, if the price go up and break 38.2 on current phase (1.3942), will it go up to 76.4 (1.3990) according to the rules?

Or, does it break means that, break 38.2 of another/upper phase (which is 1.4069)? not current phase?
i wouldn't considered it broken because of the gap...this is why it's important to re-calculate.

another point, we are supposed to understand and apply the rules as a whole...if one section is applied without giving credence to the whole, it'd appear the rule fails.
The World As It Is Can Do With Your Positive Disposition
  • #3,200
  • Nov 8, 2010 2:27am Nov 8, 2010 2:27am
Quoting segaram
You know, I've also been following this thread from the first few days of it's existance and I still don't know all the rules. But I'm making money. In less than 7 weeks time, I've managed to increase my account by more than 375% (from $1000 to $3750 PLUS). I only follow the template 3. After sepending hours upon hours backtesting, now I'm also trading from 5:00pm Open to Trend Identifier Sentiment Level before UK session. I have noticed this level to be broken everyday with the exception of one day since beginning of October. I have a copy of the...

Very good point segaram! Another proof why rather focusing on one thing and master it than dealing with tons of rules and get lost amongst them. The more you invest in yourself, the more your account grows!
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