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Pure & simple Abonacci system

  • #361
  • Jun 12, 2014 4:56am Jun 12, 2014 4:56am
Quoting hollowhead
{quote} Hi tmoney - welcome to the thread. If we go back to beginning, among other things Bobi Abonacci discovered that the markets are not random and move within phases - not a new revelation in itself, repeating patterns etc. But he also discoverd what appears to be a universal formula showing where the market would move to within these phases - he calls them 'pre-determined support and resistance'. The calculation is done using the previous year's high, low and close. But, he is unable to share the formula for the calculation as it is now the...
Dear Hollowhead )

I'm so impressed by your works, and I die trying to get understand of it, yet not a fully picture captured. I'm still awaiting for your pdf description on your works. Thank you for everything. Cheers!
  • #362
  • Jun 12, 2014 9:37am Jun 12, 2014 9:37am
Quoting JiaYik
I'm still awaiting for your pdf description on your works.
No offense, but it reminds me of a very popular Russian expression:

"You gave me some honey? Good! Now bring me the spoon!"
Gentlemen always play by the rules. If they can't, they change the rules.
  • #363
  • Jun 12, 2014 1:52pm Jun 12, 2014 1:52pm
Quoting Favorite
{quote} No offense, but it reminds me of a very popular Russian expression: "You gave me some honey? Good! Now bring me the spoon!"
  • #364
  • Jun 12, 2014 2:02pm Jun 12, 2014 2:02pm
Quoting JiaYik
{quote} Dear Hollowhead ) I'm so impressed by your works, and I die trying to get understand of it, yet not a fully picture captured. I'm still awaiting for your pdf description on your works. Thank you for everything. Cheers!
I'm sorry JiaYik, I don't have time to write a PDF - everything is here on the thread and its only 19 pages. Personally, I have read threads (Equity millipede for one) that are over 300 pages long more than once, word for word - I mean read, study, understand, test, go back, read again, test again. I suspect every trader has done the same, whether on FF or a book or just studying charts.

Without be brutal, no trader will make it in the long run replicating another traders system - its one of the reasons I have gone quiet on this and the abonacci thread. We all have to find out own way (and I am finding mine). There is no one size fits all. We can learn principles, possibilities and lessons from each other (which is what this thread is about). We can challenge and push each other, but we each have a path to walk and we must find our own way - this trading method will suit some, but for others it just won't work. It's like trying on clothes, they look great on some people, but someone else can look stupid in the same outfit - it just doesn't work...
  • #365
  • Jun 12, 2014 7:40pm Jun 12, 2014 7:40pm
Quoting hollowhead
{quote} I'm sorry JiaYik, I don't have time to write a PDF - everything is here on the thread and its only 19 pages. Personally, I have read threads (Equity millipede for one) that are over 300 pages long more than once, word for word - I mean read, study, understand, test, go back, read again, test again. I suspect every trader has done the same, whether on FF or a book or just studying charts. Without be brutal, no trader will make it in the long run replicating another traders system - its one of the reasons I have gone quiet on this and the...
MMMM WELL said
  • #366
  • Aug 26, 2014 2:27am Aug 26, 2014 2:27am
nice contribution hollowhead thanks

my question is, ( "" murrey math line "" indicator have value is 256 and 1440. )

how do you get this value . is this value remain same for next year?

I use this system only gbpusd trading
MA provides the market's current direction and strength.
  • #367
  • Aug 26, 2014 11:37am Aug 26, 2014 11:37am
what should I open here . buy or sell . can you please explain about entry and exit point of h4 chart trading
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_4.png Size: 51 KB
MA provides the market's current direction and strength.
  • #368
  • Aug 26, 2014 12:06pm Aug 26, 2014 12:06pm
Quoting hasib
what should I open here . buy or sell . can you please explain about entry and exit point of h4 chart trading {image}
IMO based on the rules on page 1 - the price came from lower phase 76.4 and has hit 23.6 so the valid trade would be long with a TP at 76.4 level of this current phase.
  • #369
  • Aug 26, 2014 12:26pm Aug 26, 2014 12:26pm
Quoting hasib
what should I open here . buy or sell . can you please explain about entry and exit point of h4 chart trading {image}
Hi Hasib - Tom is correct, if you are following the trend (which is bullish), and price has come from the 76.4% level in the phase below, then the valid trade would be long.
  • #370
  • Aug 26, 2014 12:32pm Aug 26, 2014 12:32pm
Quoting hasib
nice contribution hollowhead thanks my question is, ( "" murrey math line "" indicator have value is 256 and 1440. ) how do you get this value . is this value remain same for next year? I use this system only gbpusd trading
256 is how far back the MM math calculation shosuld be based from (ie a year's trading days)
1440 - dictates the length - 1440 min (the daily timeframe)
  • #371
  • Aug 27, 2014 7:41am Aug 27, 2014 7:41am
I try and winning 22, losing 15.
It is less?
Attached Image (click to enlarge)
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  • #372
  • Aug 30, 2014 10:19am Aug 30, 2014 10:19am
Hi Guys,
I'm having a problem seeing the indis onto my chart.
I put the following into the MQL Indi section : Abonnacci Template Manual v7 ex.4, MM Line x enq.ex4, MM line x enq.mq4 and the Pure & Simple v2 tpl into the template folder.
I can only find one of the MM line indis in the indi section of my mt4 and nothing else, no template as well.
Have I done something wrong? Can someone please show me how to correct this.

Thank you..

hi hollowhead,

Great to see you have your own thread going in regards to Aebabs work..only discovered it now.
Thank you for simplifying his system and having just one template. Also a BIG thank you for you time and effort in wanting to educate us and also for sharing your knowledge with us.

Take care and happy trading.
  • #373
  • Aug 30, 2014 11:45am Aug 30, 2014 11:45am
Quoting forexday
Hi Guys, I'm having a problem seeing the indis onto my chart. I put the following into the MQL Indi section : Abonnacci Template Manual v7 ex.4, MM Line x enq.ex4, MM line x enq.mq4 and the Pure & Simple v2 tpl into the template folder. I can only find one of the MM line indis in the indi section of my mt4 and nothing else, no template as well. Have I done something wrong? Can someone please show me how to correct this. Thank you.. hi hollowhead, Great to see you have your own thread going in regards to Aebabs work..only discovered it now. Thank...

Hi - thanks for your post. You will only see one MM indi - the two versions are the same indi (one is an editable version). Make sure you put the template file in the template folder, not the imdi folder.

Cheers

Steve
  • #374
  • Aug 30, 2014 1:06pm Aug 30, 2014 1:06pm
Quoting hollowhead
{quote} Hi - thanks for your post. You will only see one MM indi - the two versions are the same indi (one is an editable version). Make sure you put the template file in the template folder, not the imdi folder. Cheers Steve
Thanks Steve,
got it right now.

Cant wait for Monday
  • #375
  • Aug 30, 2014 2:13pm Aug 30, 2014 2:13pm
Great job Hollowhead, Thanks for share.
  • #376
  • Sep 9, 2014 1:33pm Sep 9, 2014 1:33pm
Hy hallowhead.Very interesting thread.I'm interested in GBP/NZD pair.Could you provide me the baseline?

Thanks in advance.
  • #377
  • Sep 16, 2014 4:40pm Sep 16, 2014 4:40pm
Quoting feduana
Hy hallowhead.Very interesting thread.I'm interested in GBP/NZD pair.Could you provide me the baseline? Thanks in advance.
The baseline for GBP/NZD is 1.95313 - Sorry for delay. I find the easiest way to set the baseline is to 1. load the pure & simple template. You will see the Murray Math lines - locate the dark blue line - the number that corresponds to this line is the baseline.
  • #378
  • Sep 17, 2014 11:01am Sep 17, 2014 11:01am
Hi everyone!

I came across this very interesting method just earlier today. Read the basic method of how to trade it and gave it a shot! The result...all three trades ended up with small profits! Not bad. I'm going to delve into this method more and will let you guys know how it goes Below is just one of the trades that I've taken. Notice that I've entered a bit late I was supposed to enter after price broke through the 23.6 level. But anyways...
Attached Image (click to enlarge)
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~I'll take 5 pips or whatever I can~
  • #379
  • Sep 18, 2014 5:08am Sep 18, 2014 5:08am
does anyone have any experience in daytrading this method?
  • #380
  • Sep 18, 2014 9:04am Sep 18, 2014 9:04am
thanks hollowhead but i have a problem with the system i want to run this system for stocks how can i calculate the length?
sometimes the price is big and sometimes the price is small and using the same length makes a problem about the phase.
please help me
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