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Attachments: Aboonacci System - for EUR/USD prediction
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Aboonacci System - for EUR/USD prediction

Quoting liberty71
I'm in Lagos...what about you?
I am in Kaduna. Would like to get in touch with you if possible...
I shall remind you of what you have written,

"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." by SEAGARAM

End of story you know you are wrong.




Quoting segaram
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.
Quoting LolCat
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
as i said head and shoulders,i hope you were out of your longs
Quoting DrLobo
I shall remind you of what you have written,

"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." by SEAGARAM

End of story you know you are wrong.
I was speaking in general. Long term and medium term based traders typically have stoplosses hundreds of pips away. My comment was not specific to Abonacci system.
Anyway, I do NOT wish to continue with this topic here. Future comments from you regarding this topic will be ignored. I'm only concerned with the understanding of the general population of this thread. Good day and hope you will stop wasting your time as well as mines continuing with this unproductive topic.
This is high risk system for sure
It just my filling...fat cats like ping-pong round games 1.3972-1.3772 for 200 pips,lol.
Quoting bomber34
It just my filling...fat cats like ping-pong round games 1.3972-1.3772 for 200 pips,lol.
that confirm my idea,that eventually all your trades hit TP if you let them...and have unlimited account
Guys,
bobi posted today's analysis:
http://www.abonaccisystem.com/Analys...11-9-2010.aspx
For those that are not registered on the site, the rules to P3 template have been updated.

1- 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.

Notice:This rule is applicable only the time price is penetrating from lower phase to upper phase or when price falls down from higher phase and meets 0% level.

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. To find Current Phase Reversal deduct 8 pips from 50% level of current phase. (50% level - 8)
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.(Click to see an example)

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.( to avoid confusion please pay attention to the words " should not come " and " can not come". When it is said should not comes , it means to keep a good uptrend going , the price should not come below the base line otherwise it will signal of a big drop . But when 429 pips going away from Base Line the price can not come below the base line as it has no tendency to do that and in case it happens , then this rule will be valid no more and will be omitted from the list of rules forever )



next comment here is just a joke dont get to mad hope u all still have a sense of humour and still remember what that is from the time you used to be happy : here is my idea .... lets change the name of the system from Aboonaci to " make the shit up as it goes as long and after the day is done post your 100 pips profits system "

I kill myself sometimes I is blessed with sense of humour

However in seriousness, there is a problem, clearly we significant penetrated 38% level today and did not reach the 76% level. The system broken.
Quoting DrLobo
next comment here is just a joke dont get to mad hope u all still have a sense of humour and still remember what that is from the time you used to be happy : here is my idea .... lets change the name of the system from Aboonaci to " make the shit up as it goes as long and after the day is done post your 100 pips profits system "

I kill myself sometimes I is blessed with sense of humour

However in seriousness, there is a problem, clearly we significant penetrated 38% level today and did not reach the 76% level. The system broken....
im interested too,why it didnt go up after breaking white 38 fib?

i didnt loose anything,because i switched to candle formation and HS formation was obvious but still anyone can explain?
Yes, i'm confused also. Rules say:

"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"

It has gone up more than 302 pips above base line but has revearsed and has penetrated the base line - does this mean a big drop is on the way??

Thanks

RobT
Quoting DrLobo
next comment here is just a joke dont get to mad hope u all still have a sense of humour and still remember what that is from the time you used to be happy : here is my idea .... lets change the name of the system from Aboonaci to " make the shit up as it goes as long and after the day is done post your 100 pips profits system "

I kill myself sometimes I is blessed with sense of humour

However in seriousness, there is a problem, clearly we significant penetrated 38% level today and did not reach the 76% level. The system broken....
Probably that's way and if you recalculated @ 11:45 fxpro we were bearish.
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we have broken 38.2 %, and down level 61.8% as support so we should not break 61.8% ,more then 10pip. And will go up to finish.
-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.
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Quoting kdx
For those that are not registered on the site, the rules to P3 template have been updated.

1- 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...
So the morning session the price broke 61.8 from above but did not reach 23.6.

The price then moved up a phase and broke 32.8 but did not reach 76.4.

So based on those rules we would be sitting with a couple of losses right?
Quoting LolCat
im interested too,why it didnt go up after breaking white 38 fib?

i didnt loose anything,because i switched to candle formation and HS formation was obvious but still anyone can explain?
Hi! As before I said, I am in short since 10 hours ago, when price came down and broke first 61.8% from actual phase in P3, as well it broke 50% from P4 (that I understand is BreakOut Tpl and we consider broken when price go +/- 13 pips) and finally it was broken the Key point for down from the whole month interpretation in calculator and the Main High Resistence in calculator too.

So I think we can expect price reach 0% in this phase, and then maybe reverse and finish phase above...
Quoting rumpfunk
So the morning session the price broke 61.8 from above but did not reach 23.6.

The price then moved up a phase and broke 32.8 but did not reach 76.4.

So based on those rules we would be sitting with a couple of losses right?
Be patient, price will complete all journeys.
Quoting Gisela
Hi! As before I said, I am in short since 10 hours ago, when price came down and broke first 61.8% from actual phase in P3, as well it broke 50% from P4 (that I understand is BreakOut Tpl and we consider broken when price go +/- 13 pips) and finally it was broken the Key point for down from the whole month interpretation in calculator and the Main High Resistence in calculator too.

So I think we can expect price reach 0% in this phase, and then maybe reverse and finish phase above...
thats very risky trading imho
Looks,like they wanna touch day low bolinger at 1.3700.
Quoting bomber34
Looks,like they wanna touch day low bolinger at 1.3700.
pls dont,im scalping on M1
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