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Aboonacci System - for EUR/USD prediction

  • #3,261
  • Nov 9, 2010 4:13am Nov 9, 2010 4:13am
Quoting DrLobo
yesterday .... we broke 38% from the upside and so you should have gone LONG. People here were going Long why did you short ??

In Abonacci you go Long you break 38% from the upside you do not Short.
But there are reversal levels -8 pips from the 50% line.. plus a little common sense candles gave good reversal signals both yesterday and today at the both those points

did it break by more than 7-10 pips? even then i'd look for an open and close above 7-10 pips
  • #3,262
  • Nov 9, 2010 4:25am Nov 9, 2010 4:25am
Quoting DrLobo
yesterday .... we broke 38% from the upside and so you should have gone LONG. People here were going Long why did you short ??

In Abonacci you go Long you break 38% from the upside you do not Short.
If you mean upside as in breaking 38% from above down then you are wrong you would short if this is not what you mean then my apologies. If you meant to say breaking from below up then yes you would go long. There are other factors to keep in mind as well.
  • #3,263
  • Nov 9, 2010 4:32am Nov 9, 2010 4:32am
for the record:

"The key point of our trading when we are using power 3 template is 38.2 % if this level is broken from below then price should reach 76.4% and eventually the 100% level. Now for price to continue in its upward journey price should not come back down and break the 61.8% level of the phase below, if this is broken than the immediate direction would have changed. That was for the upside now if price is heading down then the 61.8% level becomes key as this is the equivalent of the 38.2% from the other side so if this level is broken then price should reach the 23.6% level then the 0% level, however as before, this is a rule based system once price has broken the 61.8% (when we say broken we are referring to 7-10 pips) then price should not go back into the above phase and break the 38.2% level if it does then like before the immediate trend would have changed direction."


There is no Shorting yesterday you had to go long and today you had to go Short because market crossed 61%. If you want to create your own system or variant then thats great but we are trying to learn Abonacci.




Quoting kiwiparis
But there are reversal levels -8 pips from the 50% line.. plus a little common sense candles gave good reversal signals both yesterday and today at the both those points

did it break by more than 7-10 pips? even then i'd look for an open and close above 7-10 pips
  • #3,264
  • Nov 9, 2010 4:35am Nov 9, 2010 4:35am
well yesterday, i was not going to go long no matter what because of huge downtrend so i sold and it turned out well (my non aboonaci system).

But today I used Abbonacci to reafirm that market would continue downwards when it crossed the 61% level ... and ouch thats where i was caught out.
  • #3,265
  • Nov 9, 2010 4:40am Nov 9, 2010 4:40am
Quoting DrLobo
for the record:

"The key point of our trading when we are using power 3 template is 38.2 % if this level is broken from below then price should reach 76.4% and eventually the 100% level. Now for price to continue in its upward journey price should not come back down and break the 61.8% level of the phase below, if this is broken than the immediate direction would have changed. That was for the upside now if price is heading down then the 61.8% level becomes key as this is the equivalent of the 38.2% from the other side so if this level is broken...

Not disagreeing with you but rule 3 on pdf : The best current phase reversal
point is 38.2% level of white fib..(step 3) or rules on Bobi's website -8 pips from the 50% template 3 fib
  • #3,266
  • Nov 9, 2010 4:46am Nov 9, 2010 4:46am
Quoting DrLobo
well yesterday, i was not going to go long no matter what because of huge downtrend so i sold and it turned out well (my non aboonaci system).

But today I used Abbonacci to reafirm that market would continue downwards when it crossed the 61% level ... and ouch thats where i was caught out.
As you say the trend was down yesterday so I was only looking for place to short as well...and that proved to be a good one
  • #3,267
  • Nov 9, 2010 4:49am Nov 9, 2010 4:49am
2- The current phase reversal point is 38.2% of white Fibonacci this applies to both Power 3 and Power 4 templates; if this level is broken then we should reach the 0% level which is the bottom of the phase.
they shorted becouse it says if it broken it should reach 0% so they shorted from 38 to 0%

in template 4 38% was broked around 22pip So template 4 should reach 0 if:
"when price was coming from below if the 76.4% level is broken than price should not go back up into the higher phase and break the 23.6% level if it does than we can say that price has changed its direction."

So 23.6% calculator up trend identifer sentiment = 1,4032 if it would not broken 10 pip. We will reach to 0.

Some people shorted when 38% was broked to take 0%.
And they mist white fibo 38% on template 3. Witch tels us :
The current phase reversal point is 38.2% of white Fibonacci this applies to both Power 3 and Power 4 templates; if this level is broken then we should reach the 0% level which is the bottom of the phase. To find Current Phase Reversal deduct 8 pips from 50% level of current phase. (50% level - 8)

Quoting DrLobo
yesterday .... we broke 38% from the upside and so you should have gone LONG. People here were going Long why did you short ??

In Abonacci you go Long you break 38% from the upside you do not Short.
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  • #3,268
  • Nov 9, 2010 5:00am Nov 9, 2010 5:00am
Well…….

Written by Gerry Davies
November 9, 2010 at 10:50 GMT

Sources reporting that Middle Eastern buying interest is finally relenting. Having been as high as 1.3939 we’re presently at 1.3927 in EUR/USD. I think this sporadic interest from the Middle East is one of the hardest things to read/prepare for.
Talk of stops now through 1.3950.
  • #3,269
  • Nov 9, 2010 5:14am Nov 9, 2010 5:14am
Dont use it as trading system. I post only my opinion, i am new at this system.
So i need some help to understand. And posting only to corect me. And to learn.
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  • #3,270
  • Nov 9, 2010 5:48am Nov 9, 2010 5:48am
ok.

so who is going to go long now ??????? (otherwise after the fact market goes up or down 99% of people here say they won millions )
  • #3,271
  • Nov 9, 2010 6:04am Nov 9, 2010 6:04am
Quoting DrLobo
ok.

so who is going to go long now ??????? (otherwise after the fact market goes up or down 99% of people here say they won millions )
I am long now from 3951 sl at be now
  • #3,272
  • Nov 9, 2010 6:07am Nov 9, 2010 6:07am
Dr. Lobo, a daily trend Identifier Sentiment has been reached, again! When trading live and see such a drop while having your buy trade open is surely not pleasant. But the system rewards your patience if you let it.

There's no need for anyone to disclose you his or her "millions". Nor do I know why would someone be interested in that? Do you feel more confident in someone's else system if there are detailed reports published? How do you know they are real? How can you benefit out of them anyway?

I suggest you to start demo trading any system, trade ONE thing only at the beginning. Master it. Hardly anything is just IF -> THEN. Learn and improve your knowledge step by step. Don't take everything written/said as a fixed rule. One sees a glass half empty, the other one half full. There'll always be discusion about more or less everything in life.

I wish you to start focusing on yourself more than on others! Even more, I wish you start gaining profits from what you do heartfully!
  • #3,273
  • Nov 9, 2010 6:14am Nov 9, 2010 6:14am
I am trading the Power 3 system.

It says that we should reach at least 3990.

Please do not start saying already this system has given you millions already in the morning when clearly you should have been shorting.

Its clear we are in play as we speak and it sounds like you have not followed this system.

Real system should have real results. If you dont want to show and tell then I will.



Quoting vanderpjer
Dr. Lobo, a daily trend Identifier Sentiment has been reached, again! When trading live and see such a drop while having your buy trade open is surely not pleasant. But the system rewards your patience if you let it.

There's no need for anyone to disclose you his or her "millions". Nor do I know why would someone be interested in that? Do you feel more confident in someone's else system if there are detailed reports published? How do you know they are real? How can you benefit out of them anyway?

I suggest you to start demo trading any...
  • #3,274
  • Nov 9, 2010 6:32am Nov 9, 2010 6:32am
Despite Major drawdown. Price came back up to reach the Trend Identifier Sentiment.
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  • #3,275
  • Nov 9, 2010 6:35am Nov 9, 2010 6:35am
Quoting DrLobo
I am trading the Power 3 system.

It says that we should reach at least 3990.

Please do not start saying already this system has given you millions already in the morning when clearly you should have been shorting.

Its clear we are in play as we speak and it sounds like you have not followed this system.

Real system should have real results. If you dont want to show and tell then I will.
I am in short since price has to reach 0% phase. I keep waiting... Now it is not sure reach 3990 or 4020 because of that, first price has to finish phase. This is my experience.
  • #3,276
  • Nov 9, 2010 6:36am Nov 9, 2010 6:36am
Quoting segaram
Despite Major drawdown. Price came back up to reach the Trend Identifier Sentiment.
This seems to be working well for you..did you wait to enter long towards it untill the trend turned bullish?
  • #3,277
  • Nov 9, 2010 6:38am Nov 9, 2010 6:38am
Quoting DrLobo
I am trading the Power 3 system.

It says that we should reach at least 3990.

Please do not start saying already this system has given you millions already in the morning when clearly you should have been shorting.

Its clear we are in play as we speak and it sounds like you have not followed this system.

Real system should have real results. If you dont want to show and tell then I will.
I didn't want to be offensive, I just realized some negativism from few of your posts, and wanted to reply. I know it feels stupid when seeing mainly positive trades on forums, but that comes from people's nature. We don't want to show off with unpleasant, shameful things.

With all the respect, please don't comment others trades if you don't know them. You might trade one rule, I might trade the other. It's our both interest to be on the same boat and generate profits. Let us be more constructive.
  • #3,278
  • Nov 9, 2010 6:41am Nov 9, 2010 6:41am
hmmm please post Aboonaci system results.

Right now having broken 38% we who really use this system are in a LIVE trade.

I am still in with my long !



Quoting segaram
Despite Major drawdown. Price came back up to reach the Trend Identifier Sentiment.
  • #3,279
  • Nov 9, 2010 6:42am Nov 9, 2010 6:42am
Quoting segaram
Despite Major drawdown. Price came back up to reach the Trend Identifier Sentiment.
japanese caused that huge down candle in the midle of the night,rest of the day eur will try to recover...same situation as qe last week

when you have huge candles it means somebody is manipulating market which is not natural,expect those sudden moves to be taken back in day or two
  • #3,280
  • Nov 9, 2010 6:45am Nov 9, 2010 6:45am
Quoting DrLobo
hmmm please post Aboonaci system results.

Right now having broken 38% we who really use this system are in a LIVE trade.

I am still in with my long !
white 38 fib was broken,that was my trigger TP 76 %,then ill wait for the 100% to be brokken to see up or down trend
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