Calculation for Nov 4th.
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DislikedFor the upside it mentions a break of key area 4052 to go higher to 4244 or the 76 fib of phase 3. This being part of the reason of my bullish outlook right now. The high break outs and targets are not really in sync with the p3 rules imo. I would wait for a break of 4195 area to enter long with a target of 4244.Ignored
"if in a month 2.38 of phases are passed then that
month is an uptrend and trend will not be reversed and will get to 4th phase"DislikedQuote from bobi
"if in a month 2.38 of phases are passed then that
month is an uptrend and trend will not be reversed and will get to 4th phase"
So if that Phase 3 38.2 fib goes we should go between 1.35-1.4
I have a feeling asians might do something now QE2 is out and they have less to fight against so I dont think a reversal is out of the question yet.
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DislikedI recall last month when we were at 2.38 of the phase and when it broke it shot up explosive and it did proceed to reach phase 4. Weird thing is with this last spike it went up to 4191 within 4 pips of 4195 and just dropped back down, this is definitely a key area to watch.Ignored
Dislikedso your saying baseline to 100% is phase 0? didnt realise that I thought it was phase 1, we are in phase 2 now? If im right 45 is 76.4 of phase 5 not 4Ignored
DislikedAs you know 23.6% level of Power 4 template leads the market toward 76.4% and then 100% . 23.6% is determinant of the trend and 23.6% is broken and is giving a bearish signal.Ignored
DislikedI have done alot of reading here and think it has merit. I use fibs similar to this system. The problem with it all is your still not going to be able to be independant on your own as you will always have to rely on someone for your info. I do trade profitably but can always want more and think this could help but again to have to rely on one persons numbers every month will only work in the short run. I'm not trying to get anything started just stating a simple fact.Ignored
DislikedI think we have gone through this stage and we've definitely had enough.
you sure are getting something on the brew. why don't we concentrate on understanding the system better by trying to contribute to the analysis; that way, even if we don't know how he got his monthly numbers, we can still make use of it to our advantage as long as he continued to give us.
but if we spent precious times debating whether it is good or not to depend on the creator for his numbers, first, we would be wasting precious time secondly, old wounds would be opened. what...Ignored
Dislikedthats why you have stop loss,i will leave the trade and wont be trading anymore today,but its always risk you are either lucky or notIgnored
DislikedI had 128 pips of profit. I tried to close my trade during the news last night. My broker took more than a minute to close it and by the time it was closed, my profit had droped down to only 22 pips.
It's wise to not trade on major news events at all. The spread also went up as high as 37 pips at one point.
Sorry to go off topic here, but this is a general advice to all newbies.Ignored
DislikedHard to understand a system without the most important knowledge.Kinda like buying a car with no key to the gas cap we know how it runs but without a way to fill it yourself its unsastainable. Just hard to really get into a system with some promise only to have it gone at anytime.Ignored
DislikedLolcat
I have nothing against the system or it's creator matter fact I have the highest regards for Bobi's math skills, I made a comment when I read your post in which you stated "bobi said news are not important,everything is predetermined". When the price dropped -95 pips 1 min prior to the news was that a coincidence too?. I have yet to read a statement by him suggesting that. The System/Calculator are great tools to trade logically not blindly. Political or natural disaster can strike without warning, which can swing the market in any direction....Ignored
QuoteDislikedPolitical or natural disaster can strike without warning, which can swing the market in any direction....
DislikedWith all due respect Bobi stop kidding yourself and others. If this was an iron clad system you wouldn't be wasting your time on FF building your brand. Many traders who are following are still getting to know the system most of them are still confuse. Everyone has a different risk tolerance. How many you think sustain the drop of 95 pips then 195? You yourself not sure if it's 76 68 or 38 you keep making the rules as you go long. Since the inception of FF hundred if not thousands of system came and gone. You can't expect to trade the news without...Ignored