Aboonacci System - for EUR/USD prediction

Quoting kdx

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Plz can Aebab clarify this, Garfeld75 says that price struggled to break 38% level on white Fib, now on my charts this white level has been broken, on my charts its been unable to break the blue 38% level, attached is chart which explains. So either my charts are wrong or what Garfeld's charts are not correct, please give your views aebab. Thanks

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Quoting Ibuks

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Because it reached the 100% of the level and 3018-19 is about the lower fib level of 61.8% taken from the higher 23% level of the high to the 50% of the lower level.

Hope am close..... to the answer??




quote=aebab;4033945]Anybody can say why EURO was reversed at 1.3018 from Abonacci analysis technical view?

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Quoting aebab

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Suppose this pair as an entity . EUR/USD has obtained its object (target) which was 1.3151 and showed nothing for breaking that point . When its said that 38.2 is broken so it reaches to 100% is for the time that it has not completed its journey . But it did . If you see now the price stopped at 76.4%(1.3121) and also was reversed in a good and strong support (1.3035) . But there is also another sign that price went below 38.2% level of white Fibonacci that is a good reversal and that means the power for buy is decreasing and price may go down ....

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Quoting kdx

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Yes I see that in my initial request I did'nt check the time, but in this quote when you say that price went below white 38.2 what do you mean by this as currently price has not gone below white 38.2, do you mean that if price does go below white 38.2 than its a good reversal?

Thanks

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Quoting kdx

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Ok this is begining to make a lot more sence now, also on your post 136 you asked for views on your 2nd breakout template price reversed exactly at the 50% level which you say is sensitive on that template.

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Quoting aebab

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Suppose this pair as an entity . EUR/USD has obtained its object (target) which was 1.3151 and showed nothing for breaking that point . When its said that 38.2 is broken so it reaches to 100% is for the time that it has not completed its journey . But it did . If you see now the price stopped at 76.4%(1.3121) and also was reversed in a good and strong support (1.3035) . But there is also another sign that price went below 38.2% level of white Fibonacci that is a good reversal and that means the power for buy is decreasing and price may go down ....

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Quoting xyz555

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Hi Aebab,
Thank you spending time teaching us. The TP 1.2973, is this the 50% of the lower white fib? 38.2% is the most likely reversal point, why you don't use 1.2953 (38.2% of the lower white fib) as TP? Or I am totally missed your point.
Regards,
xyz555

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Quoting aebab

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You are right . But this much of pips is enough and I will enter again if I see any new break out . As I said , I have not seen any selling signal for today and my position is taken from Friday analysis.

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Quoting xyz555

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Do you take any profit on last Friday low? It is the 0% for this phase, should have support?

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Quoting krishelis

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aebab,
when price reach 1.3035, then we should buy? or wait 1.2997?

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Quoting aebab

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It depends on the stage , time of the day and last day close . In the beginning of the day it did its job and its not valid right now even if now its pulled back.
Didn't you sell on top ? I mentioned why its better to make risk and go short for eur/usd . 76 pips of profit .
But really see how 1.3035 is acting as a support?

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Quoting vanderpjer

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Aebab, I've made some backtests with your August & September templates. Focusing mainly on H4 I found out that when price comes from the bottom of Phase, it's very likely to meet the top of its Phase if 38.6% FIB is broken.

Similar, but in opposite way, happens when price drops from the top of the Phase and breaks 61,8% FIB. Then it's very likely to reach the bottom of this Phase.

Did you come to similar findings?

I would appreciate if you could upload some older templates, to prove written for longer period of time.

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Quoting krishelis

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Yes, i see. I wanted to buy, but you said no, then no
Unfortunately didn't catch the top, i thought that price will reach 100% yellow line, but you were right, we can see around the 38-50% yellow line price lose a power. Thank you. I have learned many things in these days. Big thanks.

I hope you will merge all rules in all post or maybe write it in the Word then convert in pdf just like a book

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Quoting aebab

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most likely yes . You are right . But you should take other factors to account , if you are a day trader.
I will prepare other templates for past months in one condition!!
Whatever you find out , post it to other traders to use them , OK?(Kidding)

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