Truly amazing system. Though the template 4 should be used obviously, which I didn`t but I didn`t loose too much. One thing I have noted though, is that both times lately it stopped and reversed on the yellow 61.8, it will go down to the blue 50% fib, below the 100% which is a strong resistance, then go back up and eventually to 100%. So it seems that it would be possible to take some nice profits both by going short and long at those points.
1) template 3 went from 38 to 76 level with no problem but, it went more than 38pips past the bottom 0 line......... isn't that a reversal in direction?
2) template 4 went from 38 to above 61 level and then went down to less than 38pips past the bottom of the 0 line.
Looking at that we only need to trade the 4 template but that did not rich 76
3) Does rev 1 or 2 of the calcs still work, because somtimes it does and sometimes it does not.
4) What happend to the new calc bobi promised?
I hope bobi can file all the rules, revision, attachements in an ordely way on the first page or start a fresh thread.
Hey everyone. According to Bobi, if 23.6% level is broken from the bottom on the Abonacci Power 4 template, price should reach 76.4% level. Currently we have a breakout above 23.6%, that has not yet completed its journey to 76.4%. Yesterday, after reaching 61.8% level, it reversed and went all the way down past the 0% level. Take a look at the two images below. Notice exatly how far price went below the 0% level on both occasions. Hope you can see as I see that price will eventually reach 76.4% level possibly today with all the news releases comming up during London and NY sessions. Good Luck to everyone. I could be wrong with my interpretation. If I'm so, please one of the group member correct me. Thank you.
1) template 3 went from 38 to 76 level with no problem but, it went more than 38pips past the bottom 0 line......... isn't that a reversal in direction?
Ignored
I'm not a group member, but if you listen to the video I think he says that it has to hit 100 of that phase first, and then go below 0 by more than 38 pips for the trend to be broken.
I haven't even looked at template 4 yet. I will leave it until there is more information about it.
Hey everyone. According to Bobi, if 23.6% level is broken from the bottom on the Abonacci Power 4 template, price should reach 76.4% level. Currently we have a breakout above 23.6%, that has not yet completed its journey to 76.4%. Yesterday, after reaching 61.8% level, it reversed and went all the way down past the 0% level. Take a look at the two images below. Notice exatly how far price went below the 0% level on both occasions. Hope you can see as I see that price will eventually reach 76.4% level possibly today with all the news releases comming...
Ignored
Hi, i agree with template 4 but then template 3 is not working and that is the one showing in his new video
I just want to confirm the closing price for yesterday (Oct 7th).
On my TS the closing = 1.3911 which puts the price in the lower phase (template 3 as the old calculator is based on template 3 ?).
This then gives me a Monthly val of 1.3864 (50% fib of closing phase).
Doing the calc then shows that the Monthly Sentiment is slightly lower than the Pivot indicating that the trend is Short, but only slightly ?
I also have the same High Breakout and Target value of 1.3922 indicating that this is a strong level (At this point a Support level since the price action is above this level).
Please correct me if my interpretation is incorrect.
Regards
Aboonacci System - for EUR/USD prediction
