Good to see some people have learnt a thing or two about fibonacci, but there is nothing new in this system as everything is still the same on how price relates to fibonnaci phases, and the trick still remains which phases to draw up the fib levels or as always which direction, the answer to that is that all fib levels could reversal levels but usually when some levels are crossed then you can expect price to reach the soso next fibonacci.
why did you long at that price?...and even if you buy at that price, your SL should have been placed below 0.0% of the white fibo because the 100% of the current phase is yet to be hit, so if you had bought and placed SL below 0.0 of white fibo, and TP the 100% of current phase, your trade would have been positive.
The World As It Is Can Do With Your Positive Disposition
Good to see some people have learnt a thing or two about fibonacci, but there is nothing new in this system as everything is still the same on how price relates to fibonnaci phases, and the trick still remains which phases to draw up the fib levels or as always which direction, the answer to that is that all fib levels could reversal levels but usually when some levels are crossed then you can expect price to reach the soso next fibonacci.
Ignored
Fibonacci fibonacci is, who understands the concepts is easier to understand this system. There are few details that we will see that if we look at some different concepts. For example: When the going ever gets 38.2% and 76.4% in 90% of the time back up to 38.2%. When going from 38.2% always comes in 100% fibo. For me it's enough to operate safely, because we always know the trend to follow. My only fear is the most Bobbi resolve not to publish the calculator or the template (which use more).
But surely have learned a lot with bobbi and thank you for what we've done for all of the forum.
Here is the chart of my trade last night, Risk/Reward / setup explained..
Cheers
Ignored
Good it worked out however.
If I'm correct you enter long on a break of 38.2% (1.3582 + 7 ) coming from under.
You've taken the 23.6% 1.3564 + 7 ) am I correct?
Exactly. Right now we up in the pivot. To climb is necessary to break 1.3649, we expect there to reach the break-out 2.
If 1.3604 breaks we can expect the target 1.3553
Am I right?
Aboonacci System - for EUR/USD prediction
