is it possible to use this system in small time frame like 1 min 5 min 15 based on higher timeframe levels. IF yes, what are the values have to put in the input.
thanks
thanks
Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies
Pure and simple DIBS trading 26 replies
"Pure" Trading System 89 replies
Simple, pure mechanical H4-System, EA needed 70 replies
Pure Risk to reward trade System - 1 to 3- Totally random entries 178 replies
Dislikedis it possible to use this system in small time frame like 1 min 5 min 15 based on higher timeframe levels. IF yes, what are the values have to put in the input. thanksIgnored
DislikedHi, Just new to this thread - found it by accident - but not new to trading the ABO system. However searching the web and some old BoBi posts - I found a post where he says that the current phase of the month normally was 127 on the EU it s now 133 for more accurate results. The attached chart is with a setting of 133 - and hits the sell target of 23,6 nicely. What´s your guys take on this. Comments are welcome. Thanks. Hans {image}Ignored
Disliked{image} Price travel from 23.6% level and break 100% level below Waiting price travel/break to 76.4% level for SELL and TP around 23.6%/100%Ignored
Disliked{quote} Hi Hans Interesting - I had also read that Bobi used 127 as part of his calculations for the original Abonacci EU system. It's interesting to me that 127 is very near 122, which is one of the multiples of the distance between MM levels on non JPY pairs (122, 244, 488 etc). Good to have a abo-fficiando (see what I did there) dropping in...Ignored
Disliked{quote} just wondering why you have chosen the 23,6 level for entries ?Ignored
Disliked{quote} There a several reasons for choosing 23.6. 1. If we set the baseline and levels to MM Levels and distance, then 0% would act as the S/R area, and therefore 23.6/76.4 would be a point beyond that represents enough pips of a break. A break of 23.6 with target 76.4 is trading a good chunk of the move between MM levels. 2. Bobi specifies 38.2/61.8 for his original template 3 - from what I understand that system was only ever for EU. He said his later templates and rules (which supercedes the original system) could be applied to any forex pair,...Ignored
Disliked{quote} thanks Steve for your reply - I see your point in choosing the 23,6. However looking at the EC and another of Bobi rules and I qoute. "If price moves 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 equates 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...Ignored
Dislikedcouple more question to be answered please Hollowhead I would like to make sure about one thing. Entry is made only when price goes from one section to another, right? There are no entries within the same section. Is that correct? For example: ... -------100 -------76.4 -------61.8 ( B ) -------50 -------38.2 -------23.6 ( A ) -------100 -------76.4 ... We can’t have entry when price goes from ( A ) to ( B ) in the same section. It has to move more than 100, right? PIgnored
Dislikedfirst trade on demo, didn't quite come from 76.4 lvl. hope I setup correctly, please say. Regards peter {image}Ignored
Disliked{quote}- can 'X' be user defined? ie 76.4 +/- pips. Not a problem if not - we can use 76.4 for buy and 23.6 for sell.Ignored
Disliked{quote} can 'X' be user defined? ie 76.4 +/- pips. Not a problem if not - we can use 76.4 for buy and 23.6 for sell.Ignored
Disliked{quote} im not very experienced , hallowhead but I believe always let it run , regards peterIgnored