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Aboonacci System - for EUR/USD prediction

  • #3,201
  • Nov 8, 2010 4:03am Nov 8, 2010 4:03am
Hi Sagaram,
Quote
now I'm also trading from 5:00pm Open to Trend Identifier Sentiment Level before UK session

What time of any country to be clear please ?
  • #3,202
  • Nov 8, 2010 4:17am Nov 8, 2010 4:17am
Quoting trader91
Hi Sagaram,


What time of any country to be clear please ?
after the calculation of NY daily close...i trade this everyday myself and it has only failed once over the last 1 month. you can backtest for results
The World As It Is Can Do With Your Positive Disposition
  • #3,203
  • Nov 8, 2010 4:29am Nov 8, 2010 4:29am
Quoting liberty71
after the calculation of NY daily close...i trade this everyday myself and it has only failed once over the last 1 month. you can backtest for results

OK, Thank's liberty71 !
  • #3,204
  • Nov 8, 2010 4:43am Nov 8, 2010 4:43am
Hello all.

This thread has certainly captured a lot of attention over the last few weeks.

Firstly, I want to say to bobi : "THANK YOU..you are an EXTRAORDINARY PERSON!"
For you to go through all the trouble of actually teaching people your extremely impressive method, even when you are still busy trading for yourself and also constantly developing upgrades, you are doing an excellent job here! I dont think there might be someone like you in a billion people...

Secondly, to all the newbies in FOREX, please go and read up Fibonacci before starting to read this thread. No offense to anyone, but how can someone learn this elaborate method (which most experienced traders have not yet completely understood too) when you dont know what an MT4 template is?

Thirdly, to all the Abonacci group members and those who are trying to teach others new to this method, you guys are doing a great job! Please keep it up.

Seriously kudos to luckylady, kdx, liberty71, lolcat, etc...you are very patient indeed! We all appreciate your effort.

Thanks.


P.S: LIBERTY71, what part of 9ja are you from?
  • #3,205
  • Nov 8, 2010 4:54am Nov 8, 2010 4:54am
You should have gone long at 01:00 GMT 8 November because the market broke 38% (1.4073).

In my book if you are using this system then you should be -157 PIPS for a few hours trading in Monday.

Good work brother



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....
  • #3,206
  • Nov 8, 2010 5:11am Nov 8, 2010 5:11am
Now, that the base line have been touch, let go UP to the sky…….., or we can wait and see, anyway the system is working like a swiss watch.
  • #3,207
  • Nov 8, 2010 5:14am Nov 8, 2010 5:14am
I am not going to be calling any bottoms on this market this market may well fall below this baseline.

I will be waiting to see if there is any upward movement can breach 38% before deciding to go long.


Quoting aurelian
Now, that the base line have been touch, let go UP to the sky…….., or we can wait and see, anyway the system is working like a swiss watch.
  • #3,208
  • Nov 8, 2010 5:43am Nov 8, 2010 5:43am
the image says it is trying to get 76.4% of breakup of the baseline, I say that not complete this phase had been completed.

liberty71 tells me?

http://img580.imageshack.us/img580/333/82999108.gif
  • #3,209
  • Nov 8, 2010 5:47am Nov 8, 2010 5:47am
Quoting Sma777
Hello all.

This thread has certainly captured a lot of attention over the last few weeks.

Firstly, I want to say to bobi : "THANK YOU..you are an EXTRAORDINARY PERSON!"
For you to go through all the trouble of actually teaching people your extremely impressive method, even when you are still busy trading for yourself and also constantly developing upgrades, you are doing an excellent job here! I dont think there might be someone like you in a billion people...

Secondly, to all the newbies in FOREX, please go and read up Fibonacci before...
I'm in Lagos...what about you?
The World As It Is Can Do With Your Positive Disposition
  • #3,210
  • Nov 8, 2010 5:50am Nov 8, 2010 5:50am
Quoting zionsmilos
the image says it is trying to get 76.4% of breakup of the baseline, I say that not complete this phase had been completed.

liberty71 tells me?

http://img580.imageshack.us/img580/333/82999108.gif
I'm sorry i don't understand your wordings...try make your point clearer
The World As It Is Can Do With Your Positive Disposition
  • #3,211
  • Edited 7:51am Nov 8, 2010 5:53am | Edited 7:51am
1st http://abonaccisystem.com/ is working, you can find rules there.
2nd Pay attention that on power 4 template price moved more than 38 pips away from base line. I wouldn't suggest to go long now.
Attached Image (click to enlarge)
Click to Enlarge Name: nov8.jpg Size: 132 KB
  • #3,212
  • Nov 8, 2010 6:01am Nov 8, 2010 6:01am
Quoting liberty71
I'm sorry i don't understand your wordings...try make your point clearer

Excuse my English!

in Rule 23.6 says that breaking the templante POWER 4 the target will be 76.4%.
at the beginning of the month was broken but was only up to 50% below the baseline by not buying your goal and giving an UP

now it seems they will want to meet your goal in 1.3813 (76.4%)

sorry again my english. I have been following this system since the beginning, I'm having good income with it. grateful to all staff and Bobi
  • #3,213
  • Nov 8, 2010 6:05am Nov 8, 2010 6:05am
Quoting trader91
Hi Sagaram,


What time of any country to be clear please ?

New York time (GMT -5 ) or Eastern Standard Time.
  • #3,214
  • Nov 8, 2010 6:26am Nov 8, 2010 6:26am
Quoting DrLobo
You should have gone long at 01:00 GMT 8 November because the market broke 38% (1.4073).

In my book if you are using this system then you should be -157 PIPS for a few hours trading in Monday.

Good work brother
You do know what Hedging is, right? Well, I use something like that instead of a stoploss to cover major drawdowns. I also don't trade blindly.
BTW: You should go back to the basic rules I think my friend. For the 38.2% breakout to be valid, it had to have reached the 0% prior to breaking the 38.2%. I don't see how I would've been -157 pips at any one time. The maximum drawdown I had was about 30 pips.
Please make sure you KNOW what you're talking about BEFORE criticising anyone.
  • #3,215
  • Nov 8, 2010 6:52am Nov 8, 2010 6:52am
Quoting segaram
BTW: You should go back to the basic rules I think my friend. For the 38.2% breakout to be valid, it had to have reached the 0% prior to breaking the 38.2%.

Thanks Segaram, this quote also answer my question. I'm sorry I just could get my internet now since my last post.

http://img577.imageshack.us/img577/1711/tes2.gif

According to the above rules, if price break 1.3942 (38.2%), can we have long position til 76.4? considering that price has touched 1.3893 (0%) of current phase?

Thanks!
  • #3,216
  • Nov 8, 2010 7:17am Nov 8, 2010 7:17am
Quoting DrLobo
You should have gone long at 01:00 GMT 8 November because the market broke 38% (1.4073).

In my book if you are using this system then you should be -157 PIPS for a few hours trading in Monday.

Good work brother
I think you are missing that price had not reached 0% phase (1.4020) as LuckyLady had said:

http://www.forexfactory.com/showpost...postcount=3079
  • #3,217
  • Nov 8, 2010 7:26am Nov 8, 2010 7:26am
Quoting viocable

According to the above rules, if price break 1.3942 (38.2%), can we have long position til 76.4? considering that price has touched 1.3893 (0%) of current phase?

Thanks!
I would go long if price broke WHITE 38.2% (1.3949) because this is an important reversal point.

Cheers!
  • #3,218
  • Nov 8, 2010 7:41am Nov 8, 2010 7:41am
Quoting Gisela
I would go long if price broke WHITE 38.2% (1.3949) because this is an important reversal point.

Cheers!

Correct thats where the safest place to take a long would be
  • #3,219
  • Nov 8, 2010 8:07am Nov 8, 2010 8:07am
Quoting viocable
Thanks Segaram, this quote also answer my question. I'm sorry I just could get my internet now since my last post.

http://img577.imageshack.us/img577/1711/tes2.gif

According to the above rules, if price break 1.3942 (38.2%), can we have long position til 76.4? considering that price has touched 1.3893 (0%) of current phase?

Thanks!
Accroding to Abonacci Power 3 rules, price went more than 302 pips away from the baseline to the upside at the beginning of the month. This means it shouldn't come back down and break the baseline again this month. A short while ago price came and stoped right at the base line and reversed. I placed my trades to go long and place my stoploss 32 pips plus a few extra below the baseline. My target is to the 76.4% level. If it reaches the level, I wil close half my position and trail the remaining half.
  • #3,220
  • Nov 8, 2010 8:09am Nov 8, 2010 8:09am
Thanks Gisela, KDX, and Segaram.
and.. one more question, how many pips is enough to say that 1.3949 is broken? 7 pips?
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