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Aboonacci System - for EUR/USD prediction

  • #3,421
  • Nov 12, 2010 5:20am Nov 12, 2010 5:20am
Quoting bonzer
Is this part of the rules? I didn't seem to see this rule anywhere. To trade to the TIS.
As far as I can tell, this isn't part of the rules. It's something that I noticed when backtesting over October and up till now. So far this level has been been hit everytime with the exception of 1 day in October. Even on that day in October, price came back to hit the level after 3 days and over 300 pips of drawdown. Now you know the success rate of it, find a way to trade it.
  • #3,422
  • Nov 12, 2010 5:30am Nov 12, 2010 5:30am
Quoting Sheumais
All aboard for the mystery tour. Is this volatility a result of the G20 meeting.
It was a rumored 80Bln EUR bailout for Ireland (on the way up)...then Ireland and EU denied they were talking of bailout...so price tumbled back down.
  • #3,423
  • Nov 12, 2010 5:32am Nov 12, 2010 5:32am
ok whatever happens, it has hit the TIS... and that's important..
  • #3,424
  • Nov 12, 2010 5:40am Nov 12, 2010 5:40am
Quoting segaram
The Picture speaks for itself.

just 1 question: where did you get from the entry point of your trade (1.3616)? Maybe, using the Down trend sentiment?

thanks
  • #3,425
  • Nov 12, 2010 5:47am Nov 12, 2010 5:47am
Quoting freemenn
just 1 question: where did you get from the entry point of your trade (1.3616)? Maybe, using the Down trend sentiment?

thanks
I usually enter after HLC calculation based on 5:00pm EST close. But if I see price moved against me so much, I usually hedge and wait for a turn around to take my hedge off. But today I woke up late and saw price was lower. So I got lucky to enter late and make some extra pips. Look at the TIS and the template 3 and find a way to enter. I don't have one set rule for entry. However, my exit is always a few pips within TIS. Hope that helps.
  • #3,426
  • Nov 12, 2010 6:08am Nov 12, 2010 6:08am
Quoting freemenn
just 1 question: where did you get from the entry point of your trade (1.3616)? Maybe, using the Down trend sentiment?

thanks
If you put a line on charts 8pips below the 50% line on template 3 for each phase this is a strong place to look for a reversal...
  • #3,427
  • Nov 12, 2010 9:09am Nov 12, 2010 9:09am
Hi everybody!

Maybe is better enter a trade above HighRes to reach 100% or below DownRes to reach 0% for each phase. What do you think?... Or maybe just see Trend ID Sentiment and go in this direction?...
  • #3,428
  • Nov 12, 2010 9:10am Nov 12, 2010 9:10am
Hello every one!

I want to thanks first, bobi (aebab) who share that trading system.
I also want to think Villonius who try to sum up this very long thread.
Well you guys will see, that's my first thread and I'm sure it won't be the last .

Well, i'm french so i'm trying to write very well so please, forgive me if I make bad sentence.

So I try this system today, and two times, the price hit my SL . I will try to read a couple of page of this trade to figure out, how and when I should open a trade and also where should I put my SL.

Edouard.
  • #3,429
  • Nov 12, 2010 9:11am Nov 12, 2010 9:11am
think so trend is changing
  • #3,430
  • Edited 10:32am Nov 12, 2010 9:44am | Edited 10:32am
Mayby some body knows. Where we should put s/l support.
When we reach 0-100%?
50%-8pip? or 61%(7-10pip)

If we broke 38%, then support 61%?
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  • #3,431
  • Nov 12, 2010 9:53am Nov 12, 2010 9:53am
Quoting Upas
Mayby some body knows. Where we should put s/l support.
When we reach 0-100%?
50%-8pip?

If we broke 38%, then support 61%?
Yes
  • #3,432
  • Edited 12:39pm Nov 12, 2010 12:22pm | Edited 12:39pm
I personally trade London session, if you do your re calculation of the close @ 9 GMT you will get the following results. Now compare it with the chart. I'm not claiming that I grasp the entire system I still have long way to go. Once you understand the basic rules and how to apply them you can AVOID massive draw downs like some of you have posted. My SL was 10 pips. I don't need to disclose my GAINS you get the picture.

Once again Thanks Bobi

Cheers
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  • #3,433
  • Nov 12, 2010 1:08pm Nov 12, 2010 1:08pm
Quoting FXMajors
I personally trade London session, if you do your re calculation of the close @ 9 GMT you will get the following results. Now compare it with the chart. I'm not claiming that I grasp the entire system I still have long way to go. Once you understand the basic rules and how to apply them you can AVOID massive draw downs like some of you have posted. My SL was 10 pips. I don't need to disclose my GAINS you get the picture.

Once again Thanks Bobi

Cheers
By my reckoning you have the close of the 8.00 GMT rather than 9.00 which throws your figures completley out,i made the daily power sentiment 1.3627 if broken price should reach 1.3762 which is what happened.Apologies if my time is wrong but i live in UK which is now running on GMT
  • #3,434
  • Nov 12, 2010 1:52pm Nov 12, 2010 1:52pm
Quoting watsone
By my reckoning you have the close of the 8.00 GMT rather than 9.00 which throws your figures completley out,i made the daily power sentiment 1.3627 if broken price should reach 1.3762 which is what happened.Apologies if my time is wrong but i live in UK which is now running on GMT
Hover you mouse over the calculator Sentiment highlighted in Yellow. I personally wait one hour before I take my trade. I live in Yorkshire.

Cheers
  • #3,435
  • Nov 12, 2010 3:15pm Nov 12, 2010 3:15pm
Quoting FXMajors
I personally trade London session, if you do your re calculation of the close @ 9 GMT you will get the following results. Now compare it with the chart. I'm not claiming that I grasp the entire system I still have long way to go. Once you understand the basic rules and how to apply them you can AVOID massive draw downs like some of you have posted. My SL was 10 pips. I don't need to disclose my GAINS you get the picture.

Once again Thanks Bobi

Cheers
hi, can you please tell me where you see 1.3595 on london Close? You mean the today londo open 09 AM?
  • #3,436
  • Nov 12, 2010 5:11pm Nov 12, 2010 5:11pm
Quoting FXMajors
Hover you mouse over the calculator Sentiment highlighted in Yellow. I personally wait one hour before I take my trade. I live in Yorkshire.

Cheers
I make the 9am GMT close 1.3651 (FXDD)which usually differs from FXPro by 1 pip, as far as i know we use this close to get a handle on the UK&US session,anyway it was spot on today
  • #3,437
  • Nov 13, 2010 5:04am Nov 13, 2010 5:04am
I still cannot understand the system. Can anyone explain in some simple steps?
Thanks
  • #3,438
  • Edited 11:08am Nov 13, 2010 8:22am | Edited 11:08am
Quoting FXMajors
Hover you mouse over the calculator Sentiment highlighted in Yellow. I personally wait one hour before I take my trade. I live in Yorkshire.

Cheers

FX Majors You have used a close of 3595 and you say this is the 9 GMT close you don’t even say pm or am ok let’s look at both. If you are referring to 9pm GMT on that day then the close was 1.3777. If you are using the close of 9am GMT which will be the following morning than that would be 1.3759. You were then asked to clarify your close by watsone and you spoke of the sentiment which is something totally different. You are making matters for the new people totally misleading and confusing, nothing wrong with recalculating when you want, just be clear so anyone reading can understand.

In regards to recalculation the developer of this method uses the NY close to calculate for the day ahead, than the following day he uses the 12pm fxpro time to recalculate, I'm sure most people here would rather follow what Bobi says. Another point I'm not sure if this has been mentioned but again Bobi does not round of the last decimal, so if your close for e.g. on the platform reads 1.39769, the close to use would be 1.3976 not 77 as one pip can make a difference again this is not what I say it’s what Bobi uses.

It's great to have new ideas so long as they are within the context of this method but we have newbie’s coming on board all the time just look at the last post before mine, so please anyone if you are going to either calculate at another time be crystal clear so anyone can understand.

P.S I'm reffering to 10th Nov due to the high and low you have in the calculator, as I simply cannot see where you are getting your 9GMT close as you have not explained at all. I see a close of 1.3595 on 12th Nov at 7.30 AM GMT if you are reffering to this than makes your point even more pathetic.
  • #3,439
  • Nov 13, 2010 8:32am Nov 13, 2010 8:32am
Quoting watsone
I make the 9am GMT close 1.3651 (FXDD)which usually differs from FXPro by 1 pip, as far as i know we use this close to get a handle on the UK&US session,anyway it was spot on today

I've just looked at this post what on earth are you talking about, you used the close of 1.3651 and you say it was spot on explain????

Also where has it been mntioned that this close is used to get a handle of the UK and US session??
  • #3,440
  • Edited 9:38am Nov 13, 2010 8:56am | Edited 9:38am
Following on from KDX's last two post. Learn the rules before you start to to expiriment.

The rules are at http://www.abonaccisystem.com/Rulesoftrading.aspx This is Rule number 1

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 then 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 when price is penetrating from lower phase to upper phase or when price falls down from higher phase and meets 0% level.
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