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Pure & simple Abonacci system

  • #301
  • Apr 12, 2014 6:56am Apr 12, 2014 6:56am
Quoting wongsiio
Thank you hollowhead for sharing this system. As I said I would share my trade result, I trade all pairs with 122 for major and 156 for yen pairs and there result may not amaze you eyes but the stable profits gain each week seems convincing and suitable for using larger amount to risk per trade. Each trade I risk like 0.5 % like u can see my average lose is about USD30 However, u can see my summary, my win ratio sometimes close to 50% but never really equal to 50%, always between 40%-50% but the Risk to Reward did the job. maybe that's becoz i am...

This is on a similar scenario to bobis templates... I can see why he hasn't given us more than he already has as they are conflicting and no one knows which ones have priority... its also true markets are changing over time so templates would more than likely become less reliable over time until they are changed to match current market conditions...

not to move off the subject however... if you have this system working as a stable pip gaining machine... then we can look to perhaps change some of the maths or rules to better match current market conditions... Unfortunately my day job is getting busier and is my no1 priority financially therefore, I am not able to spend much time on backtesting but if we all put a some thoughts into it, we maybe able hit the nail on the head for...

Great work on starting and sharing this system up to all of you
  • #302
  • Apr 12, 2014 7:38am Apr 12, 2014 7:38am
Quoting jaylovin
{quote} This is on a similar scenario to bobis templates... I can see why he hasn't given us more than he already has as they are conflicting and no one knows which ones have priority... its also true markets are changing over time so templates would more than likely become less reliable over time until they are changed to match current market conditions... not to move off the subject however... if you have this system working as a stable pip gaining machine... then we can look to perhaps change some of the maths or rules to better match current...

Actually this system did not amazing but its simplicity does. It just prove that money management is the main key to profit not which indicator or template we use or any analysis. Of course it would be a lot better result if you have some edges to analyze the direction but even u don't u can still make money with strict money management. However, we cant have it all, like high winning ratio with high risk to reward. that's impossible. Like in real world, we always have to lose sth in case to gain sth else, we just make a balance between losing and wining. Hope that helps ppl still struggling to get high wining ratio instead of return.

and lets share thoughts about trading the system but of course i am not talking about adding more and more indicators on the screen to create an complex system.
  • #303
  • Apr 13, 2014 5:23am Apr 13, 2014 5:23am
Quoting wongsiio
{quote} Actually this system did not amazing but its simplicity does. It just prove that money management is the main key to profit not which indicator or template we use or any analysis. Of course it would be a lot better result if you have some edges to analyze the direction but even u don't u can still make money with strict money management. However, we cant have it all, like high winning ratio with high risk to reward. that's impossible. Like in real world, we always have to lose sth in case to gain sth else, we just make a balance between...

i also disagree with adding more indicators - but it could be refined like bobi's system where a certain level must not break before reaching a known target - bobi's system has become less reliable in this category but it used to be spot on... when a level wasn't supposed to break - it never did. And that was the beauty of having levels and phases on a chart.

i am simply talking about refining the phase sizes, entries, exits... looking to see where the potential important levels on this MM system matches those on bobi's templates...
  • #304
  • Apr 13, 2014 5:35am Apr 13, 2014 5:35am
Hello people, first post in FF here, though I have been watching this thread for some time, still in the process to learning some or two things here.

First of all, I need some advise whether I put the templates correctly,

I put two picture, one EUR USD which I think seemed right template,

second one is USD JPY which I think might "move" the entry line seemed to be not 23.6% but to 50% in JPY (perhaps I put it wrong??)

it seemed to me the entry point for long in USD JPY would be 50% line (in my chart thou) is the real case or am I put the wrong set up on the charts?

dryearth
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USDJPY.JPG Size: 198 KB
  • #305
  • Apr 13, 2014 7:43am Apr 13, 2014 7:43am
Quoting jaylovin
{quote} i also disagree with adding more indicators - but it could be refined like bobi's system where a certain level must not break before reaching a known target - bobi's system has become less reliable in this category but it used to be spot on... when a level wasn't supposed to break - it never did. And that was the beauty of having levels and phases on a chart. i am simply talking about refining the phase sizes, entries, exits... looking to see where the potential important levels on this MM system matches those on bobi's templates...

ya refining the phase sizes and entries and exit like bob's template is a good idea but I do think that to have higher successful ratio means lower return and also less entries. This system actually reminds me of the turtle trading which i learnt when i started trading FX. They have winning ratio like 30-40%, however they manage to gain 300% a year. We probably need to have intense research to see how to refine the phase size and entries and that does not guarantee the future performance. What I would really wanna find out is if this system could apply to any phase size and still probable with trading the same way i trade now?

Lets find out the answer together, my friend!
  • #306
  • Apr 14, 2014 3:06am Apr 14, 2014 3:06am
Dear hollowhead

i need your instruction for this conditions, please see image. In this situation what should i do..? should i wait for the Price comes from 23.6% level drops Below 0%/100% into the phase below. Then enter short when price breaks the 76.4%. Take Profit is the 23.6% level...?

I mean what should we do if the price is in range that phase..?

Forgive me if my question sound very silly...

~regards~
Attached Image (click to enlarge)
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  • #307
  • Apr 14, 2014 3:45am Apr 14, 2014 3:45am
Quoting SemaR82
Dear hollowhead i need your instruction for this conditions, please see image. In this situation what should i do..? should i wait for the Price comes from 23.6% level drops Below 0%/100% into the phase below. Then enter short when price breaks the 76.4%. Take Profit is the 23.6% level...? I mean what should we do if the price is in range that phase..? Forgive me if my question sound very silly... ~regards~ {image}
If it was me I wouldn't do anything. I don't like EU and am always baffled by retail traders' obsession with it. I wouldn't go long unless price pulls back to the 76.4% of the lower phase, and I would be wary of a short as its against the short/medium trend.

If price is clearly ranging, perhaps it's time to find a pair that isn't.

GL

Steve
  • #308
  • Apr 14, 2014 4:33am Apr 14, 2014 4:33am
Quoting hollowhead
{quote} If it was me I wouldn't do anything. I don't like EU and am always baffled by retail traders' obsession with it. I wouldn't go long unless price pulls back to the 76.4% of the lower phase, and I would be wary of a short as its against the short/medium trend. If price is clearly ranging, perhaps it's time to find a pair that isn't. GL Steve
Many thank's for your explanation. Now i can see more clearly, any suggest how to look price or pair in action...? Please if you don't mind i want to have contact with you in private. Can I..? Once again thank you for your attention.

Best Regards
  • #309
  • Apr 14, 2014 4:49am Apr 14, 2014 4:49am
Quoting SemaR82
{quote} Many thank's for your explanation. Now i can see more clearly, any suggest how to look price or pair in action...? Please if you don't mind i want to have contact with you in private. Can I..? Once again thank you for your attention. Best Regards
I tend to have in mind the currencies that I think are strong and weak at the moment (this week/month).

ie. I see GBP, AUD as being strong. I see JPY as being weak.

So for me, I'll look to go long G/J or A/J - this is obviously not foolproof but it gives you an idea. With so many pairs to trade I know it can be hard to decide, which I think is why so many people default to EU - and they keep slogging away when there are other options.

By all means PM me, but if you have questions I would encourage you to post them so everyone can benefit and share from the collective wisdom of the members.
  • #310
  • Apr 14, 2014 9:20pm Apr 14, 2014 9:20pm
Quoting SemaR82
Dear hollowhead i need your instruction for this conditions, please see image. In this situation what should i do..? should i wait for the Price comes from 23.6% level drops Below 0%/100% into the phase below. Then enter short when price breaks the 76.4%. Take Profit is the 23.6% level...? I mean what should we do if the price is in range that phase..? Forgive me if my question sound very silly... ~regards~ {image}

semar82

I think your situation prevails in the minds of all us traders when trading. My opinion is that your focus and entries should be determined by the direction of the .MN+W1+D1 candles........that is... if all the three candles are of the same colour and trending........then trigger entries in their direcion /colour.

The main candle is the MN....so when the MN is blue..... but for that moment it breathes (downwards), that makes the D1 candle and lower time frames to temporarily show RED. All you do is wait till D1 candle moves in the same direction as the MN and the W1......then trigger as per abonacci recomendations.

I hope this might help.
  • #311
  • Apr 15, 2014 12:01am Apr 15, 2014 12:01am
Quoting breakthru56
{quote} semar82 I think your situation prevails in the minds of all us traders when trading. My opinion is that your focus and entries should be determined by the direction of the .MN+W1+D1 candles........that is... if all the three candles are of the same colour and trending........then trigger entries in their direcion /colour. The main candle is the MN....so when the MN is blue..... but for that moment it breathes (downwards), that makes the D1 candle and lower time frames to temporarily show RED. All you do is wait till D1 candle moves in the...
hi, breakthru56

thank you for your advice, i will keep in my mind to see the price in the big picture.



regards
  • #312
  • Apr 15, 2014 5:15am Apr 15, 2014 5:15am
Quoting sniperdebt
Entered Long on NU - TP at 76.4% line. Uptrend in place now,price a rise from below phase (76.4%) break 23.6% level( + 7pips) and closed above 100% hollowhead, This chart is correct as rules that have been set? {image}
Quoting hollowhead
{quote} Looks like a good trade to me.
NU tried 3 times closed below 76.4% since 10 apr 2014 after new high around 0.87422.

based on abonacci & MM the price will be touch zone 0.857xx.

I'm still holding my short, break and close below 0.86380 will take this pair to .85736
Attached Image (click to enlarge)
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  • #313
  • Apr 15, 2014 6:22am Apr 15, 2014 6:22am
  •  moursi
  • | Joined Dec 2011 | Status: don't try to change the world .... | 78 Posts
Quoting sniperdebt
{quote} {quote} NU tried 3 times closed below 76.4% since 10 apr 2014 after new high around 0.87422. based on abonacci & MM the price will be touch zone 0.857xx. I'm still holding my short, break and close below 0.86380 will take this pair to .85736 {image}
try 176 size
in nzd usd
keep the baseline at 0.8666
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdh1.png Size: 39 KB
Rule #1: Never Lose Money Rule #2: Never Forget Rule Number One
  • #314
  • Apr 16, 2014 2:08am Apr 16, 2014 2:08am
Hi Hollowhead,

I have subscribed this thread,... also follow to trade with your baseline and size,....

Kindly guide me how to do the setting for GOLD ? I need the setting from you as the expert for this system.

Thanks in advance,...

Cheers,


Budi D
  • #315
  • Apr 16, 2014 2:41am Apr 16, 2014 2:41am
If you want to listen to a non-expert you could try 3125. Works for me.
  • #316
  • Apr 16, 2014 2:47am Apr 16, 2014 2:47am
Quoting budidharma19
Hi Hollowhead, I have subscribed this thread,... also follow to trade with your baseline and size,.... Kindly guide me how to do the setting for GOLD ? I need the setting from you as the expert for this system. Thanks in advance,... Cheers, Budi D
With all due respect everything you need to calculate the settings is in the 1st post- this thread is about providing people with a way to trade without relying on one person for data - having said that I use length 6250 or 3125 with baseline 1500.

Quoting bobha
If you want to listen to a non-expert you could try 3125. Works for me.
- thanks bobha!!

EDIT - I've post XAU/USD levels in the 1st post.
  • #317
  • Apr 16, 2014 3:05am Apr 16, 2014 3:05am
Has anyone read pipEASY's - Building an equity millipede thread?

I read it sometime ago and it had a large impact on my profitability. I was doing my journal the other day and a few things started to come together in my mind and has given me an alternative method for trading Pure & Simple.

I STRONGLY suggest you take a look at the thread and spend a couple of days reading the attached - it may just be a light bulb moment for you (it's amazing how long it can take to see that 2+2=4).

Read it all don't stop until you get to at least page 136 of the PDF.

PS For the lazy who want everything done for them - this will not be spoon fed. pipEASY spent a huge amount of time explaining his strategy, and I am not going to try and repeat it.

Attached File(s)
File Type: pdf Building an equity millipede.pdf   6.0 MB | 1,518 downloads
  • #318
  • Apr 16, 2014 3:14am Apr 16, 2014 3:14am
Quoting hollowhead
{quote} With all due respect everything you need to calculate the settings is in the 1st post- this thread is about providing people with a way to trade without relying on one person for data - having said that I use length 6250 or 3125 with baseline 1500. {quote} - thanks bobha!! EDIT - I've post XAU/USD levels in the 1st post.
Dear HOLLOWHEAR ,

Thanks for 6250 and 3125,... I will do my best to learn more and try to get pips from GOLD,...buy why you place 1500 as a BASE LINE ?
The BLUE line in the MM seen 1250 as a baseline,.... can you just explain whats the main different ?

Thanks,


Budi D
  • #319
  • Apr 16, 2014 3:33am Apr 16, 2014 3:33am
Quoting budidharma19
{quote} Dear HOLLOWHEAR , Thanks for 6250 and 3125,... I will do my best to learn more and try to get pips from GOLD,...buy why you place 1500 as a BASE LINE ? The BLUE line in the MM seen 1250 as a baseline,.... can you just explain whats the main different ? Thanks, Budi D
On my chart - the Dark Blue line (MM level 4/8) is on 1500, the light blue line is 1250 (MM level 0/8). Either is fine and it won't make any difference really.
  • #320
  • Apr 16, 2014 4:21am Apr 16, 2014 4:21am
HH, i was just wondering how you calculate the baseline (blue line 4/8) ? Did you use a specific level that seems to be the most frequent Support or resistance ?
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