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Aboonacci System - for EUR/USD prediction

  • #3,221
  • Nov 8, 2010 8:13am Nov 8, 2010 8:13am
Hey guys...

Abonaccisystem website is up and running. I registered myself a few days ago and got my access today. The power 3 and 4 template rules are defined there and calculating the low reversal (white 38.2%) level is simplified now. All you have to do is subtract 8 pips from 50% yellow fib. No need to draw all the white fibs anymore. I don't mean to sound as a promoter, but I find the rules simplified, though not quite complete on the website. Thanks for the website Bobi. It looks fantastic.
  • #3,222
  • Nov 8, 2010 8:14am Nov 8, 2010 8:14am
Quoting viocable
Thanks KDX and Gisela, and.. one more question, how many pips is enough to say that 1.3949 is broken? 7 pips or 10 pips?

7-10 pips, but if you have recalculated at 12pm fxpro time than you will see down_support at 3961 so maybe even better to allow a few pips past that. If you are not comfortable with calculator or recalculation than just stick to 7-10 pips.
  • #3,223
  • Nov 8, 2010 8:21am Nov 8, 2010 8:21am
Hi, i am new here

I am currently using Template 3. Gave a short sell as it is trying to hit the white 38% but not breaking it.
  • #3,224
  • Nov 8, 2010 8:30am Nov 8, 2010 8:30am
Quoting kdx
7-10 pips, but if you have recalculated at 12pm fxpro time than you will see down_support at 3961 so maybe even better to allow a few pips past that. If you are not comfortable with calculator or recalculation than just stick to 7-10 pips.
Thanks for your quick reply!
  • #3,225
  • Nov 8, 2010 9:03am Nov 8, 2010 9:03am
yes this will be interesting, I cant go long, because bears are running wild, but this will be a good test for this system. lets see.

By the way, this time we broke 38% 1.3941 and we certainly crashed 40 pips soon afterwards.

So will all these people apparently making millions using this system care to shout out there positions when they make them ? Because I dont believe people who say they making millions but dont share there trades.

By the way for anyone who wants gun me down, I am not being negative in anyway, I just want to get past the BS and all the protection people have.






Quoting segaram
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.
  • #3,226
  • Nov 8, 2010 9:10am Nov 8, 2010 9:10am
Quoting DrLobo
yes this will be interesting, I cant go long, because bears are running wild, but this will be a good test for this system. lets see.

By the way, this time we broke 38% 1.3941 and we certainly crashed 40 pips soon afterwards.

So will all these people apparently making millions using this system care to shout out there positions when they make them ? Because I dont believe people who say they making millions but dont share there trades.

By the way for anyone who wants gun me down, I am not being negative in anyway, I just want to get past...
I am still using it on Demo but if you put the 38.2 fib in steps 1-3 or just -8 pips from the 50% on template these are reversal points so would'nt go long till open and close above that. Was certainly a nice reversal!
  • #3,227
  • Nov 8, 2010 12:27pm Nov 8, 2010 12:27pm
I want to illustrate the High reversal point some of you may have seen this and traded it. We had the High reversal point at 1.4032 which was broken. However since price has dropped from this level and went around 147 pips below from this point, now the rule is once the high reversal is broken price should not go below 157 pips . This was a good trade to go long because if you take a look price went down around 147 pips away from this point and than went back up. A second point to note is on P4 template the 50% level is at 1.3871 now the rule is if price goes beyond this level by 13 pips than it's considered broken and we should see price drop further ie to the 0% level. So here you are getting two confirmations for a long trade which are:

i) price did not go below 157 pips from high reversal.
ii) you had the 50% level acting as further confluence. Personally I did not take the trade but hopefully many will be able to see and perhaps spot this again.

Lastly the rules have now been updated and are on the website http://abonaccisystem.com so register to be fully aware of all this.

The chart is a P3 template highlighting the above
Attached Image (click to enlarge)
Click to Enlarge Name: novp3.jpg Size: 153 KB
  • #3,228
  • Nov 8, 2010 1:00pm Nov 8, 2010 1:00pm
Quoting kdx
[color=black][font=Verdana]I want to illustrate the High reversal point some of you may have seen this and traded it. We had the High reversal point at 1.4032 which was broken. However since price has dropped from this level and went around 147 pips below from this point, now the rule is once the high reversal is broken price should not go below 157 pips . This was a good trade to go long because if you take a look price went down around 147 pips away from this point and than went back up. A second point to note is on P4 template the 50% level is...

Thanks KDX...learning everyday on this
  • #3,229
  • Nov 8, 2010 2:31pm Nov 8, 2010 2:31pm
Quoting kiwiparis
Thanks KDX...learning everyday on this
Yes, KDX. Clear, concise and to the point.
Keep it up!

I took that bounce this morning for 31 pips, after Segaram quoted that rule at price should not break down from the base line.
  • #3,230
  • Nov 8, 2010 4:12pm Nov 8, 2010 4:12pm
Quoting DrLobo
yes this will be interesting, I cant go long, because bears are running wild, but this will be a good test for this system. lets see.

By the way, this time we broke 38% 1.3941 and we certainly crashed 40 pips soon afterwards.

So will all these people apparently making millions using this system care to shout out there positions when they make them ? Because I dont believe people who say they making millions but dont share there trades.

By the way for anyone who wants gun me down, I am not being negative in anyway, I just want to get past...
though i believe that there might be some credit in the system (as is in Fibonacci) having two templates plus the calculator, and hence so many resulting levels creates valid arguments in favor, as well as against any move that you can think of - the supporters and the critics are always going to have some valid argument to support there view point.

I have been following this along side the good old Fib method, and so far I see no value add to the regular Fibs. In fact, if you do some back testing and compare regular Fib trades between 38 and 76/ 78 using daily or even H4 vs Abonacci, the regular Fibs will come out on top in terms of net pips gain.

I think that DrLobo's suggestion is a good one - it will help add clarity and hopefully some credibility to the system.
  • #3,231
  • Nov 8, 2010 4:15pm Nov 8, 2010 4:15pm
H 4085 l 3887 c 3920

are those good numbers?
  • #3,232
  • Nov 8, 2010 4:49pm Nov 8, 2010 4:49pm
Quoting kdx
[color=black][font=Verdana]I want to illustrate the High reversal point some of you may have seen this and traded it. We had the High reversal point at 1.4032 which was broken. However since price has dropped from this level and went around 147 pips below from this point, now the rule is once the high reversal is broken price should not go below 157 pips . This was a good trade to go long because if you take a look price went down around 147 pips away from this point and than went back up. A second point to note is on P4 template the 50% level is...
Actually, the rules ARE much clearer on the web site - for those who are struggling with the interpretation, I would suggest having a look there.

I will start posting trades based on my interpretation of these soon as per DrLobo's suggestion.
  • #3,233
  • Nov 8, 2010 4:53pm Nov 8, 2010 4:53pm
Quoting LolCat
H 4085 l 3887 c 3920

are those good numbers?
1.4084 1.3886 1.3919

We dont round numbers.
  • #3,234
  • Nov 8, 2010 4:54pm Nov 8, 2010 4:54pm
gona be intresting to see if this baseline holds out for 3 weeks , broken by 6 pips so far and rule is 7-10
  • #3,235
  • Nov 8, 2010 5:03pm Nov 8, 2010 5:03pm
I am struggling with the interpretation of rules 3 & 4 for template 3 taken from the web site (quoted below) - can anyone add clarity here - thx


3- If high reversal is broken than

price should not come back down below

157 pips however if price does go back

up than it should not go higher than

the next high reversal i.e. one phase

up. An e.g. price is currently in the

3rd phase and it breaks the high

reversal than price come down and

breaks this level by 157 pips and it

has now moved two phases down, now if

price should make another surge to the

upside and break the high reversal

from the 3rd phase again it should not

go up by more than one phase level.

4-If price moves away 302 pips away

from the baseline than it is said that

the trend will be in that direction.

So if price than turns back around and

back down it should not come all the

way down and break the base line. This

equate to the 38.2% level of the 3rd

phase i.e. price has moved 302 pips

from base line. Now if the price moves

429 pips away from the base line than

in either direction than price cannot

come back break the trend and change

its direction.
  • #3,236
  • Nov 8, 2010 5:22pm Nov 8, 2010 5:22pm
Quoting DrLobo
yes this will be interesting, I cant go long, because bears are running wild, but this will be a good test for this system. lets see.

By the way, this time we broke 38% 1.3941 and we certainly crashed 40 pips soon afterwards.

So will all these people apparently making millions using this system care to shout out there positions when they make them ? Because I dont believe people who say they making millions but dont share there trades.

By the way for anyone who wants gun me down, I am not being negative in anyway, I just want to get past...
Price reversed at the 38.2% white Fibo because it's a reversal level. My positions are still open. At the 38.2% white Fib level, I took some profit and when price came back down to the baseline, I added back the position I took profit. Therefore, my initial position is still open with a bit of profit banked. Hope that's helpful.
BTW: The Trend Identifier Sentiment for Tuesday is 1.3953 which is above current price level. This adds more confidence to me that this trade will work.
  • #3,237
  • Nov 8, 2010 5:34pm Nov 8, 2010 5:34pm
Quoting msood
I am struggling with the interpretation of rules 3 & 4 for template 3 taken from the web site (quoted below) - can anyone add clarity here - thx
.
There is explanation on website: http://abonaccisystem.com/Rulesoftra...rsalPoint.aspx

What you exactly don't get it?
  • #3,238
  • Nov 8, 2010 5:39pm Nov 8, 2010 5:39pm
Quoting kdx
[color=black][font=Verdana]I want to illustrate the High reversal point some of you may have seen this and traded it. We had the High reversal point at 1.4032 which was broken. However since price has dropped from this level and went around 147 pips below from this point, now the rule is once the high reversal is broken price should not go below 157 pips . This was a good trade to go long because if you take a look price went down around 147 pips away from this point and than went back up. A second point to note is on P4 template the 50% level is...
I must have wrong template my numbers are diferent from yours and Nov templates on website wont work
  • #3,239
  • Nov 8, 2010 5:56pm Nov 8, 2010 5:56pm
Quoting krishelis
There is explanation on website: http://abonaccisystem.com/Rulesoftra...rsalPoint.aspx

What you exactly don't get it?
So in much simpler terms: if price moves two full phases and crosses the 76 or 23 level of the third pase, then it will reach 0/ 100 level of the third phase.
  • #3,240
  • Nov 8, 2010 5:59pm Nov 8, 2010 5:59pm
Sells triggered target 3832 and 3797.
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