so we should reach 100% level, thats about 40pips away,
where would be a good buying pt???
help guys,,, I,m Newbie.......lol
where would be a good buying pt???
help guys,,, I,m Newbie.......lol
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DislikedA key level is the 38.2 of the current phase price should not break this as if it does it vindicates the move up to the 100 level.Ignored
Dislikedcurrent phase as in template power4 @1.3751? Now suppose price retraces to 1.3751 before hitting the 100 level then it wld be a good idea to buy wt TP 100 level right?Ignored
DislikedWhere is the Pivot Calculator for october?
Or is one of the older (V1, V2) still valid?Ignored
DislikedYes thats correct, however the monthly sentiment is 137.90 so price should not fall below this level but if it does than 1.3751 is a good place for a buy.Ignored
DislikedHi folks...
1) 61.8 was not broken....& 76.4 acted as a solid support...
2) PA penetrated the Base Level at 1.3673 decisively... (DarkViolet color)
3) 38.2 acted as resistance recently, was also pierced through strongly with a solid bar upwards...
4) Clear uptrend...
Just my 2 ctsIgnored
DislikedDear MadMax,
Have you been trying to use the calculator that Bobi provided and look against the price moving in the MT4? Try to compare the number in the calculator and the MT4. You will get it slowly. Try to read and download the Three ways to use the calculator Abonacci Part II.PDF in this thread.Ignored
DislikedAccording to my reading of this, the close was 1.3833, the 50% of the current phase is 1.3864, making the Pivot on the calculator (version 1) 1.3832 and the Monthly Sentiment 1.3872. The Monthly Sentiment offers resistance and is precisely today's high.
The calculator indicates a long trade from breaking the High Break Out 1 at 1.3843, with a white 38.2% Fibo line at 1.3857 now broken, the TP should be 1.3896, but the Monthly Sentiment represents a hurdle to be cleared first.
That's how it appears to me. I remain confused.Ignored
DislikedYes thats correct, however the monthly sentiment is 137.90 so price should not fall below this level but if it does than 1.3751 is a good place for a buy.Ignored
DislikedThank you Liberty71.
My confusion arises from others' discussion of 1.3751, which I don't see on chart or calculator as significant, and a general lack of confidence arising from the various calculators, templates and what seems like people intent on ruining this strategy's effectiveness for those trying to learn how to use it. I'll stick to the old calculator and the original instructions until Bobi indicates an overall update is in place.
I'm still uncertain as to where the stop loss should be placed, but following Bobi's advice, believe...Ignored
DislikedHi Sheumais
I have just been using the first calculator and have had good results.Ignored
I beleive that the ORIGINAL calculator can be used on any power 3 template PROVIDING the phase gap is 127. This assumption is based upon the calculator knowing where you are on the chart based on the input of the 50% mark and knowing that the phase gap is 127. I could be wrong on this, but that is how I am working.
DislikedThank you for your reply Lee,
It is true that this would be a clear set of rules is comprehensive and written for all after 110 pages!
I do not quite understandInserted CodeI beleive that the ORIGINAL calculator can be used on any power 3 template PROVIDING the phase gap is 127. This assumption is based upon the calculator knowing where you are on the chart based on the input of the 50% mark and knowing that the phase gap is 127. I could be wrong on this, but that is how I am working.
RegardsIgnored