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Aboonacci System - for EUR/USD prediction

  • #3,381
  • Nov 11, 2010 9:13am Nov 11, 2010 9:13am
All the comments are well appreciated! If anyone's got something to add, please feel free to post it here or send me a private message.
  • #3,382
  • Nov 11, 2010 9:19am Nov 11, 2010 9:19am
Hello all,
this is beautiful system and i lik it so much. Thanks to the developer. i hope we can count on you even in the future.. as if we do not have the basic template calculation every month, we all will be out of game. Or will there be any other way to have your monthy updates?

thanks
  • #3,383
  • Nov 11, 2010 9:27am Nov 11, 2010 9:27am
Quoting vanderpjer
All the comments are well appreciated! If anyone's got something to add, please feel free to post it here or send me a private message.
Thanks again for putting all this together. May be you could add some of the tips found from other members, so Bobi could review them also, like the indicated a couple of times by Segaram, he stated that Trend Identifier Sentiment has been reached everyday, with just one exception in October. He places an order as soon as he calculates the new HLC. Cheers
  • #3,384
  • Edited 10:03am Nov 11, 2010 9:46am | Edited 10:03am
Quoting AlfaZulu
A big thank you to the creator of Abonacci (Mr Bobi) and Vanderpjer for writting up a simplified, understandable explanation. Also to all the other contributors, thank you. I do understand its a Work In Progress.

I will not pretend to state I know all the rules and have mastered them all.
But, just by using "the trend indentifier sentiment (TIS)", which has been mentioned by several contributors, I am making pips daily.

My way.....on NY close (23:45 on FxPro) after doing the HLC calculation, at...


Please ignore my question

thanks
  • #3,385
  • Nov 11, 2010 10:03am Nov 11, 2010 10:03am
Quoting freemenn
hi, can you tell me please where you get 1.3804 with the yesyerdays NY time close?

thanks a lot
My platform gave me h 1.3825 L1.3670 C 1.3774 which gave 1.3804 as TIS

I guess there is a small difference between platforms?
  • #3,386
  • Edited 12:43pm Nov 11, 2010 11:41am | Edited 12:43pm
Dear Members,

Please except my sincere apology if I have offended anyone in the last week fiasco. I hate to admit I really missed you guys

Regards
FXMajors
  • #3,387
  • Nov 11, 2010 12:06pm Nov 11, 2010 12:06pm
Quoting vanderpjer
All the comments are well appreciated! If anyone's got something to add, please feel free to post it here or send me a private message.
You have done an outstanding job. Thanks

cheers
  • #3,388
  • Nov 11, 2010 12:27pm Nov 11, 2010 12:27pm
Quoting Gisela
Good! Now I am short with TP 0% P3
OMG! What a journey!!!... I am thinking we have to get used to this more often!
  • #3,389
  • Nov 11, 2010 12:49pm Nov 11, 2010 12:49pm
So,as to TP 4 rule,the next target is 1.3593,and then 1.3542.We'll see.
  • #3,390
  • Nov 11, 2010 12:53pm Nov 11, 2010 12:53pm
Trade Setup and calculation. Trade is still active.

Cheers
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  • #3,391
  • Nov 11, 2010 2:04pm Nov 11, 2010 2:04pm
Quoting vanderpjer
Abonacci Rules Summary v11-06
As promised I am attaching Abonacci Rules Summary (v11-06). Unfortunatelly I haven't received comment from Bobi's group member on it, so I appreciate comments from anyone here.
Since I wasn't focused much on Template 4, it's not yet included in the summary. Therefore everyone's contribution to this part is welcome!

If something needs to be changed, please inform me about it!
If something needs to be added, please do the same!


Abonacci Rules Excel Dashboard (WIP)
I am also developing Abonacci Rules...

Ok as promised I'll just mention a few points in regards to your summary. To start with on your first page you mention the rules, now I know you may have interpreted in your own words as I did the same thing when the new rules were just updated however your mentioning if price breaks the 38.2 level keep your stop below the 61.8 level of lower phase yes that’s correct but do you know how large your stop will be on every trade, also this month and last bobi has said its not certain price will reach the 100 level. Yes for longer term traders they may want to keep such large stops but that’s very important to mention as otherwise you will get confused.

Point 4 on 1st page also not entirely correct it should be price should not come back and break the base line but if it does than its and warning for a possible large drop. Again my advice here is go to the site as I mentioned the rules are now updated for both templates.

You mention Close Fibonacci line however in your e.g. you are showing the breakout template there yes it may still apply as it is in your document but it’s better to get this confirmed for P4 template as we do not use the breakout template, myself I don’t use this rule so cannot comment on it.


b) If DPMP is greater than TIS, then there is a bias to the short side.
c) If DPMP is lower than TIS, then there is a bias to the long side.

Lastly I must confess I'm not totally aware of this above point unless I missed if so than we all learn something new... If you could, can you post where this has been mentioned.

Other than this it’s a helpful document most should appreciate, however I do recommend reading the rules on the site.
  • #3,392
  • Nov 11, 2010 2:06pm Nov 11, 2010 2:06pm
Quoting Jeg
Thanks again for putting all this together. May be you could add some of the tips found from other members, so Bobi could review them also, like the indicated a couple of times by Segaram, he stated that Trend Identifier Sentiment has been reached everyday, with just one exception in October. He places an order as soon as he calculates the new HLC. Cheers
Definitely a plan for the weekend! Thanks for your suggestion and comments!
  • #3,393
  • Nov 11, 2010 2:21pm Nov 11, 2010 2:21pm
Quoting vanderpjer
All the comments are well appreciated! If anyone's got something to add, please feel free to post it here or send me a private message.
what can i say , well you could replace the template rules with updates ones from abonacci website.

I find the calculator info part very useful.

Thank you
  • #3,394
  • Nov 11, 2010 2:23pm Nov 11, 2010 2:23pm
looks like kdx covered what i said anyway. Didnt see that post as I was looking at previous page.

Cheers
  • #3,395
  • Nov 11, 2010 2:46pm Nov 11, 2010 2:46pm
Quoting kdx
Ok as promised I'll just mention a few points in regards to your summary. To start with on your first page you mention the rules, now I know you may have interpreted in your own words as I did the same thing when the new rules were just updated however your mentioning if price breaks the 38.2 level keep your stop below the 61.8 level of lower phase yes that’s correct but do you know how large your stop will be on every trade, also this month and last bobi has said its not certain price will reach the 100 level. Yes for......
You're absolutely correct. Everyone should bare this in mind. I'll add an additional warning to this part in the next update.
I'll also update point 4 according to the site's rules.

Quote
You mention Close Fibonacci line however in your e.g. you are showing the breakout template there yes it may still apply as it is in your document but it’s better to get this confirmed for P4 template as we do not use the breakout template, myself I don’t use this rule so cannot comment on it.

Close Fibonacci Line should be used regardless the template. It's defined as drawing the fibo from the close of the previous day and 78 pips lower (unfortunatelly this number was not updated for November - but since the phase range is the same as from October, this might be the same too). Would love to hear a comment on this from Bobi if he finds time.

Quote
b) If DPMP is greater than TIS, then there is a bias to the short side.
c) If DPMP is lower than TIS, then there is a bias to the long side.

This wasn't said by Bobi, but I found it in perusi's post (http://www.forexfactory.com/showthre...as#post4124905). I have also backtested this and found it holds many times, but not always. If Bobi or any of group members think this is a false statement, I'll remove it from the summary.
  • #3,396
  • Nov 11, 2010 2:51pm Nov 11, 2010 2:51pm



Please check site Bobi has posted new analysis.


  • #3,397
  • Nov 11, 2010 2:57pm Nov 11, 2010 2:57pm
Quoting vanderpjer
You're absolutely correct. Everyone should bare this in mind. I'll add an additional warning to this part in the next update.
I'll also update point 4 according to the site's rules.



Close Fibonacci Line should be used regardless the template. It's defined as drawing the fibo from the close of the previous day and 78 pips lower (unfortunatelly this number was not updated for November - but since the phase range is the same as from October, this might be the same too). Would love to hear a comment on this from Bobi if he finds time.



This...

If DPMP is greater than TIS, then there is a bias to the short side.
c) If DPMP is lower than TIS, then there is a bias to the long side.

In regards to this point I've just had clarification from bobi and its not correct, most of the times the opposite is correct.
  • #3,398
  • Nov 11, 2010 3:45pm Nov 11, 2010 3:45pm
I kindly ask everyone that downloaded RULES SUMMARY to download the latest UPDATED version where some statements have been changed and some small things were added.

You can find the latest version on http://www.forexfactory.com/showthre...81#post4163981.
Thanks for your understanding!
  • #3,399
  • Nov 11, 2010 4:21pm Nov 11, 2010 4:21pm
Quoting vanderpjer
I kindly ask everyone that downloaded RULES SUMMARY to download the latest UPDATED version where some statements have been changed and some small things were added.

You can find the latest version on http://www.forexfactory.com/showthre...81#post4163981.
Thanks for your understanding!

thanks a lot for this update.
  • #3,400
  • Edited 4:49pm Nov 11, 2010 4:27pm | Edited 4:49pm
Quoting kdx



Please check site Bobi has posted new analysis.



kdx, please ask Bobi about 11/9 market (or may be you can explain it). I think he has not completed the analyis yet. According to his article, when he made the article, price seems to going up after hit low reversal, and price has already passed high reversal (even has touched 61.8 on 1.39735), but after that, price suddenly jump very soon. I think most of us questioned about that day.

As he mentioned on his newest analysis : "The time the market is bearish, you should wait price to break current reversal point (white 38.2% or 50%-8) to find a buy opportunity. or put your stop loss higher than that for your sell order"

On 11/9 market, we could have long order according to the above rules and price has jump down very fast. My very question is, where do we must put our stop loss for our buy order? If we put below 61.8 (as I did yesterday), it was huge loss.

Thanks for your attention.
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