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Aboonacci System - for EUR/USD prediction

  • #3,281
  • Nov 9, 2010 6:51am Nov 9, 2010 6:51am
Hi !

Ahhhh I see .... are you using power template 4 and it has not reached 0% ??

So template 4 is pointing down to 1.3671 but template 3 is pointing up to 3980 (which on template 4 is the next high phase).

Its a contradiction ... so now I am not sure, but there might be some rules for template 4 that talks about reversal if 0% is not met ?

There are also people here who dont use the templates and say target has been met.

I am a bit confused to say the least.

But I am still long ... I think its a bull day, and we are above pivot point (I know its not Abo system) but I think it will go up.



Quoting Gisela
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.
  • #3,282
  • Nov 9, 2010 6:55am Nov 9, 2010 6:55am
Quoting DrLobo
Hi !

Ahhhh I see .... are you using power template 4 and it has not reached 0% ??

So template 4 is pointing down to 1.3671 but template 3 is pointing up to 3980 (which on template 4 is the next high phase).

Its a contradiction ... so now I am not sure, but there might be some rules for template 4 that talks about reversal if 0% is not met ?

There are also people here who dont use the templates and say target has been met.

I am a bit confused to say the least.

But I am still long ... I think its a bull day, and we are above pivot...
temp 4 is for longer term trades,i d say 3 or more days at least,i dont use it to set my positions during day,i only check where we are right now
  • #3,283
  • Nov 9, 2010 6:55am Nov 9, 2010 6:55am
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 )
According to the template rules, the calculator, and my own interpretation, I went short. The calc stated that price should not come back and break 3932 once the pullback signal was broken (and it was broken.) I put a short order in at 3923 which is the 23.6 level on Power Template 3 with a SL 10 pips above the 38.2 level which got stopped out for -28 pips. Since it was stated that price shouldn't break 3932, I could have just put a SL of 11 pips above that price to save a few pips but it still would have been a loss...
  • #3,284
  • Nov 9, 2010 7:11am Nov 9, 2010 7:11am
Quoting DrLobo
Hi !

Ahhhh I see .... are you using power template 4 and it has not reached 0% ??

So template 4 is pointing down to 1.3671 but template 3 is pointing up to 3980 (which on template 4 is the next high phase).

Its a contradiction ...

.
No, I am in Power 3, and I am saying i am waiting price reach 0% of last phase that is now unfinished. I do not have a problem with that, OK?
  • #3,285
  • Nov 9, 2010 7:28am Nov 9, 2010 7:28am
oh you mean to say you are following the system and you are - 130 pips.

Thats results for you.




Quoting Gisela
No, I am in Power 3, and I am saying i am waiting price reach 0% of last phase that is now unfinished. I do not have a problem with that, OK?
  • #3,286
  • Nov 9, 2010 7:28am Nov 9, 2010 7:28am
Jeje, this looks like a Ping Pong match now.
Not refering specifically to anybodie's opinion but on Power Template 3, Gisela is waiting Price to reach 0% because price crossed 38.2% coming from above following theRules.
Also Dr Lobo applied the same rules but going up, coming from bellow and same Base level (1.3893), crossing 38.2% and waiting a least to reach 76.4 or 100% from that phase.

Both according to rules are right. Question: since this is Template 3 and Short term, in your opinion both levels should reach their targets today or tomorrow or what it is supposed to be a short term? If I am wrong in something mentioned here please correct me. Thanks
  • #3,287
  • Nov 9, 2010 7:30am Nov 9, 2010 7:30am
Dr Lobo, I also had a bad luck today for my trade.

1. I entered Long after opening market @1.3920, targeting Trend Sentiment on 1.3953. Put my SL 10 points below 61.8% of lower phase (1.3834).--> SL Done.

2. My Short order was triggered on 1.3834 (price broke 61.8% @ 1.3844, I put 10 pips below that level as my short order), targetting 1.3796 on 23.6%. forgot there's reversal level on 50%-8 pips = 1.3822.

3. The SL for my short order has done when price broke 38.2% of upper phase from down and 10 points + spread from high reversal level on 1.3949 and that would be 1.3961.

4. I am now long on 1.3961 targetting 76.4% @ 1.3990.

Lucky I trade this on micro account.

I think I have to admit, may be I "translate" the rules wrongly. Last week I traded using calculator only and made good profits and never pay attention to power 3 or power 4 rules, just playing with small TP between support and resistance on breakouts sections. I might had understood wrongly for the rules of power 3.
  • #3,288
  • Nov 9, 2010 7:35am Nov 9, 2010 7:35am
Quoting kiwiparis
This seems to be working well for you..did you wait to enter long towards it untill the trend turned bullish?
No, I entered a long trade at 5:01PM EST. But when price broke below the base line, I hedged it. When it started turning around, I took the hedge off and closed my trades entirely at the trend identifier sentiment level.
  • #3,289
  • Nov 9, 2010 7:38am Nov 9, 2010 7:38am
Quoting segaram
No, I entered a long trade at 5:01PM EST. But when price broke below the base line, I hedged it. When it started turning around, I took the hedge off and closed my trades entirely at the trend identifier sentiment level.
Sounds like a good way to trade.
  • #3,290
  • Edited 9:37am Nov 9, 2010 7:42am | Edited 9:37am
head and shoulders forming on e/u on M15 ,you might wanna close your trades at top of RS and enter short if confirmed,also we have reached 100% temp 4,it doesnt look good for longs right now
  • #3,291
  • Nov 9, 2010 7:47am Nov 9, 2010 7:47am
Quoting DrLobo
oh you mean to say you are following the system and you are - 130 pips.

Thats results for you.
That is right, and I am saying I do not have a problem too.
  • #3,292
  • Nov 9, 2010 7:48am Nov 9, 2010 7:48am
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 !
This trade is based on the Trend Identifier Sentiment level the CALCULATOR generates based on yesterday's HLC. Just the way I manage the trade is my own method. But the trigger is based on the calculator.
  • #3,293
  • Nov 9, 2010 8:02am Nov 9, 2010 8:02am
Quoting DrLobo
oh you mean to say you are following the system and you are - 130 pips.

Thats results for you.
I wonder how long you've been trading. I'm sorry to say this, but I think you're an idiot! Haven't you ever heard of MONEY MANAGEMENT??? Some people have hundreds of pips of wiggle room and go with smaller lot size to compensate for the major drawdowns. Please stop making sarcastic comments. Try to make constructive comments if you can. Otherwise, you're always welcome to leave. If you want to post your own trades, do that. But don't judge how other people trade. Frankly, it's none of your business. I hope the moderators of this thread can do something about this guy. I'm sorry if I offended anyone here, but this guy is going a bit overboard with his comments. I think he is making it his full time job to negatively criticise everyone.
  • #3,294
  • Nov 9, 2010 8:07am Nov 9, 2010 8:07am
Quoting kiwiparis
Sounds like a good way to trade.
I admit my method is a bit subjective. But then again, that's how I trade based on my years of experince watching price action.
  • #3,295
  • Nov 9, 2010 8:09am Nov 9, 2010 8:09am
Quoting segaram
I admit my method is a bit subjective. But then again, that's how I trade based on my years of experince watching price action.
If it works for you run with I say..
  • #3,296
  • Nov 9, 2010 8:22am Nov 9, 2010 8:22am
Own up which broker do you work for

For the sake of serious or people who are new here.
Do not EVER go with any system that risks you 200 pips for the sake of 30 PIPS. NEVER EVER DO THIS PEOPLE. EVER !!! end of.

Moreover this system does not advocate such positions.
You must close your position way way before.
SEGARAM you are an f'ing idiot for telling people to do this, that's immoral and you are not advocate of this system. Telling people to do this is sick and whats sad is that you dont even know it.



Quoting segaram
Haven't you ever heard of MONEY MANAGEMENT??? Some people have hundreds of pips of wiggle room and go with smaller lot size to compensate for the major drawdowns.
  • #3,297
  • Nov 9, 2010 8:39am Nov 9, 2010 8:39am
as for my presence on this board, i am one of the few that trades this system live.
  • #3,298
  • Nov 9, 2010 8:57am Nov 9, 2010 8:57am
Quoting DrLobo
Own up which broker do you work for

For the sake of serious or people who are new here.
Do not EVER go with any system that risks you 200 pips for the sake of 30 PIPS. NEVER EVER DO THIS PEOPLE. EVER !!! end of.

Moreover this system does not advocate such positions.
You must close your position way way before.
SEGARAM you are an f'ing idiot for telling people to do this, that's immoral and you are not advocate of this system. Telling people to do this is sick and whats sad is that you dont even know it.
Go back and re-read what I wrote. I never advocated anyone to use any method. I said people trade in different ways and it's really none of your business to sarcastically tell them they are wrong. Once again, if you have anything positive to say, do so. But seriously, you need to change your attitude before getting kicked out of this forum.
  • #3,299
  • Nov 9, 2010 8:59am Nov 9, 2010 8:59am
Quoting DrLobo
as for my presence on this board, i am one of the few that trades this system live.
I trade it live as well and I'm up overall but there have been losses which is to be expected from any system, strategy, or method. It's all part of trading and some people really need to accept that.
  • #3,300
  • Nov 9, 2010 9:10am Nov 9, 2010 9:10am
DrLobo, you probably already noticed not only 1 person got problems with your posts here. I actually don't mind how you trade, but please take your subjective comments for yourself. In addition, please learn to read whole posts and understand all the words in them.

Don't you think putting your energy in your trading would benefit more than putting your sarcastic comments here?

And for the end - "yes DrLobo, you are one of the few that trade live accounts". )))) Sorry, but I couldn't avoid writting last sentance.
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