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...
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Firstly Bobi has clearly stated we should use FxPro for their quotes as they are accurate. Now the close we had for NY yesterday should be 1.3925, this just about closed within the lower phase therfor we will use the monthly value of the current phase price closed in, in this case this would be 1.3864
IF you have the same targets than that tells you there will be resistance around that level, just look back and you will see that the resistance here was strong for a while, before it broke. Also look at how far breakout 2 is, what this tells you is going long at the moment is not a wise choice, lastly look at the monthly sentiment it is lower than the pivot this indicates bearishness.
Firstly Bobi has clearly stated we should use FxPro for their quotes as they are accurate. Now the close we had for NY yesterday should be 1.3925, this just about closed within the lower phase therfor we will use the monthly value of the current phase price closed in, in this case this would be 1.3864
IF you have the same targets than that tells you there will be resistance around that level, just look back and you will see that the resistance here was strong for a while, before it broke. Also look at how far breakout 2 is, what this tells you...
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Thanks KDX - point taken. I also get the correct closing price (1.3925) on my platform which is with IBFX (they have the platform set on GMT), but yes Bobi did say for all to be on the same page we should look at FxPro.
Thanks also for clearing up the trading direction.
Hi jgoedhals
This is the 50% fib level(yellow) of the phase in which the price closed.
This is also taken from template 3 because as far as my knowledge goes, the
calculator is based on template 3.
Hi jgoedhals
This is the 50% fib level(yellow) of the phase in which the price closed.
This is also taken from template 3 because as far as my knowledge goes, the
calculator is based on template 3.
I've attached an indicator someone (sorry, couldn't find who it was) developed to apply the Abonacci calculations on template 3, with the original calculator. They tried to post it to this thread, but were unable to do so.
There's no point in asking me any questions about it, as I wouldn't use an indicator I'd developed, never mind offer it to anyone else, so try it, if it's useful, great, if it's not, remove it.
Thank you to the developer and sorry I can't remember (or find) who it was.
One footnote, today's coloured areas are inverted on my chart, showing red where a buy would be implied and green where a sale would be implied. That might be because the sentiment is bearish, but there was no guidance provided.
Second footnote, I found who was responsible, eventually, and all thanks should be addressed to The Guru.
Firstly Bobi has clearly stated we should use FxPro for their quotes as they are accurate. Now the close we had for NY yesterday should be 1.3925, this just about closed within the lower phase therfor we will use the monthly value of the current phase price closed in, in this case this would be 1.3864
IF you have the same targets than that tells you there will be resistance around that level, just look back and you will see that the resistance here was strong for a while, before it broke. Also look at how far breakout 2 is, what this tells you...
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Right folks, KDX indicated the reason why you should see a bearish indicator and the calculator offered Low Break Out 1 at 1.3879, with a Target of 1.3831. Applying Abonacci rules, does anyone have any reason what should be taken into account when considering this short trade (such as support at white 38.2% line)?
Attached is a pic of the latetst calculator which Bobi will hopefully be uploading today, numbers are on here so you can geta idea of what's to come. Thanks Bobi
Thanks KDX, it looks good. I could never get the second version to work or stop setting off my virus checkers, so I hope I'm more successful with this one.
Attached is a pic of the latetst calculator which Bobi will hopefully be uploading today, numbers are on here so you can geta idea of what's to come. Thanks Bobi
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Wow. Great stuff. Check that pullback figure. To the pip!!!!!!!!!
Attached is a pic of the latetst calculator which Bobi will hopefully be uploading today, numbers are on here so you can geta idea of what's to come. Thanks Bobi
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where can I download the latest version of the calculator kdx ?
Is it to work with template 3 and can you still use version 1 calculator ?
I've attached an indicator someone (sorry, couldn't find who it was) developed to apply the Abonacci calculations on template 3, with the original calculator. They tried to post it to this thread, but were unable to do so.
There's no point in asking me any questions about it, as I wouldn't use an indicator I'd developed, never mind offer it to anyone else, so try it, if it's useful, great, if it's not, remove it.
Thank you to the developer and sorry I can't remember (or find) who it was.
One footnote, today's coloured areas are inverted on my...
Ignored
Great tool Sheumais, but I think the 50% phase is 1.38643, not 1.38663, why!
So all levels are skewed for a few pips ?
Aboonacci System - for EUR/USD prediction
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