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Aboonacci System - for EUR/USD prediction

  • #1,941
  • Oct 10, 2010 4:09pm Oct 10, 2010 4:09pm
Quoting bluemele
Great, thank you! This helps, every little bit helps.

What is the difference between power 3 and power 4? Probably the calculation used for the phases, but curious as to why there is a different one, which one is more profitable in certain conditions etc...?

I will stick with Power 3 for now and do the historical as you recommended. Thanks! You are a big help!

There are quite a few differnce between the two templates. Firstly the range in Power 3 is 127 pips where Power4 the range is 220 pips. For Power 3 the Significant level is 38.2, where as Power4 The significant level here is 23.6. Power 4 is slightly more longer term as you can tell by the differnce in range. Bobi has said manytimes the key is to use both templates in conjunction with one another to find confluence. an eg of this would be Price approaching the 100 level on power 3 and at the same time price approaching the 76.4 level on power 4 so perhaps a good time to exit from trade, it makes sence to use both templates.
  • #1,942
  • Oct 10, 2010 4:40pm Oct 10, 2010 4:40pm
Quoting kdx
There are quite a few differnce between the two templates. Firstly the range in Power 3 is 127 pips where Power4 the range is 220 pips. For Power 3 the Significant level is 38.2, where as Power4 The significant level here is 23.6. Power 4 is slightly more longer term as you can tell by the differnce in range. Bobi has said manytimes the key is to use both templates in conjunction with one another to find confluence. an eg of this would be Price approaching the 100 level on power 3 and at the same time price approaching the 76.4 level on power 4...
That helps. I noticed a lot of the calculations end up being 100% extensions and higher level 50% retracements using the calculator. However, it doesn't know where the pivot is going to be for the extension, but they typically all line up in a few spaces, but still interesting!

Very interesting.
We are our own best indicator.
  • #1,943
  • Oct 10, 2010 6:04pm Oct 10, 2010 6:04pm
Quoting aebab
Hi
I am doing calculation based on High=1.3983,Low=1.3833,Close=1.3935;

It would be better you give your idea and let me see . if need correction then I would correct you.
Anyway,
1-Daily power Sentiment is lower than Close of the day means the price is already situated in Bullish area.
if price falls and can pass again this level then we will have a signal to target=1.3992...
What we can expect for monday with jpy and usd bank holiday?, any thoughts?
  • #1,944
  • Edited 8:35pm Oct 10, 2010 7:47pm | Edited 8:35pm
welcome into a new week. i wish all of us a more 'pipsful' week

newcomers to the thread should go through the following links to get a good grasp of the system.

The first page where you can download the templates, videos and calculator...http://www.forexfactory.com/showthread.php?t=255974

here you can read all posts by aebab himself.. http://www.forexfactory.com/search.p...rchid=11828682 ..these posts, i believe will reveal the nitty-gritty of the system.

here again are the rules... http://www.forexfactory.com/showpost...postcount=1616

happy trading
The World As It Is Can Do With Your Positive Disposition
  • #1,945
  • Oct 10, 2010 8:45pm Oct 10, 2010 8:45pm
Quoting liberty71
as a result of the Gap, a new analysis is done with the new calculator...let's watch as the as 1.3936 approaches...my entry for short is at 1.3990

1.3995..new high
1.3935 close of previous day
1.3988 as close when new market opens

one thing to note about the new calculator is when pull back price is lower than diversion, price has the tendency to go short and when pull back price is higher than diversion, price tends to go bullish.

in the new calculation, pull back price 1.3932 is lower than the diversion price 1.3950. so we expect price to touch...

Hi Liberty
Is the 38.2% white fibo rule valid for the power 4 template as well as for power 3?
  • #1,946
  • Oct 10, 2010 8:53pm Oct 10, 2010 8:53pm
Quoting Jeg
Hi Liberty
Is the 38.2% white fibo rule valid for the power 4 template as well as for power 3?

38.2 yellow fib rule is for the power template 3 while 23.6 yellow fib is for power template 4

The best phase reversal point is 38.2% level of white Fibonacci for power T3

I think this is what you need to go through...
Rules:
1-A Phase is 0% to 100% levels of Fibonacci drawn in the chart in Abonacci Phase
Template.And Base Line is a thick line which is 0% level of starting phase in the first
day of current month.
2-If each 38.2% of each phase is broken from downside , then price should meet
100% of that level.
3- The best current phase reversal point is 38.2% level of white Fibonacci (Step3)
4-If 50% level is broken from up or downside Break Out Template , it should meet
the referenced level (0% or 100% ). If breaking from downside toward up , it should
meet 100% level of that Fibonacci indicator and if breaking from upside ,it should
meet 0% level of that Fibonacci indicator.
5-When 100% level of Break Out Template is passed , price should not go back to its
50% level and pass it . If goes back and passes 50% , then it should reach to 0%
6- For Break Out Template if 38 pips has passed from 0% or 100% levels then it can
be said BROKEN.
7-If price goes 302 pips away from Base Line in Abonacci Phase Template , then
trend will be in that way . For example if price goes high away from Base Line , then
you can say that month is still UPTREND and vice versa .In that case price will reach
to 3th phase and if passes 23.6% of 4th phase , it will reach to 100% level of 4th phase.
But if price goes away 429 pips from base line , then it has no power to be reversed
and break its opposite direction.
8-If a High Reversal point of each phase is broken , then price should not go down
157 pips away from High Reversal Point . If happens then a good reversal is
happening and that high reversal should not be broken again and price will go down
for at least one more phase downside in pips. And if goes more than one phase a way ,
then trend is changed and cannot be reversed and break High Reversal again
The World As It Is Can Do With Your Positive Disposition
  • #1,947
  • Oct 10, 2010 9:10pm Oct 10, 2010 9:10pm
Quoting aebab
Hi,
I am so happy. I do not care any of them . .......... I'm afraid many do not want to spend time for working and just are complaining . Their complain will do nothing for me and their encouragement also is not affecting me . That is the same for them about me . Our life is like a market . When we enter to a new phase and we struggle to pass to next phase we forget to put stoploss for our life . If we are passing bullish phases and we are going far away from our base line to a bullishness life , its good . The worst time is the time we...

Thank you Bobi for sharing you findings. I have been following your thread from begining. All I can say is, if one takes the time to back test and check things out, They will see the outcome, It works. A serious trader will take the time, Lazy ones want everything spoon fed.
Patience + Perseverence=> Profits

I wish everyone a very successfull week.
May your trades be very profitable.

Thank you Bobi
  • #1,948
  • Oct 10, 2010 9:21pm Oct 10, 2010 9:21pm
Quoting liberty71
38.2 yellow fib rule is for the power template 3 while 23.6 yellow fib is for power template 4
The best phase reversal point is 38.2% level of white Fibonacci for power T3
I think this is what you need to go through...
Rules:
1-A Phase is 0% to 100% levels of Fibonacci drawn in the chart in Abonacci Phase
Template.And Base Line is a thick line which is 0% level of starting phase in the first
day of current month.
2-If each 38.2% of each phase is broken from downside , then price should meet
100%...
Thank you Liberty, I was referring to the White fibo. My confusion is because the rule #3 doesn't mention if it is the same for both templates. But in rule#2 there is a difference for Power T3 and power T4.
  • #1,949
  • Oct 10, 2010 10:32pm Oct 10, 2010 10:32pm
Quoting FXMajors
Jeg,

Can you please post your chart with white fibo? Template Power 3 and 4 so we can go over the confusion you are having.

Cheers
Hi FXMajors, it is not about a transaction or a chart, it is about trying to understand where or where not to apply this rule:
"3- The best current phase reversal point is 38.2% level of white Fibonacci (Step3) "

Should we understand by this description that it works for both templates, the T3 and T4? I indicated that doubt because there are different rules for both templates, as an example, on T3 we need to cross 38.2% coming from bellow to expect getting the 76.4-100% and on the T4 it is about crossing 23.6%, so since there is different rules in this case I have that doubt for Rule#3.

Let me know thanks.
  • #1,950
  • Oct 10, 2010 11:19pm Oct 10, 2010 11:19pm
Quoting Jeg
Hi FXMajors, it is not about a transaction or a chart, it is about trying to understand where or where not to apply this rule:
"3- The best current phase reversal point is 38.2% level of white Fibonacci (Step3)...
Hi
Yes this rule is applicable for P3 and P4
Learn to walk before you run
  • #1,951
  • Oct 10, 2010 11:23pm Oct 10, 2010 11:23pm
Quoting aebab
Hi
Yes this rule is applicable for P3 and P4
Thank you for your response Bobi. May I ask what is your opinion about the Gap that we see on today's opening?
  • #1,952
  • Oct 10, 2010 11:35pm Oct 10, 2010 11:35pm
Quoting Jeg
Thank you for your response Bobi. May I ask what is your opinion about the Gap that we see on today's opening?
I gave my idea about today when market was closed and predicted bullish happend. http://www.forexfactory.com/showpost...postcount=1922

1-Daily power Sentiment is lower than Close of the day means the price is already situated in Bullish area.
if price falls and can pass again this level then we will have a signal to target=1.3992.
Just see when the market opened , it showed up exactly at this point.
2-Daily -Monthly mixed pivot =1.3933 . This level is very important . It should not be broken . If broken then gives a signal toward pullback signal . The main duty of this point is to indicate a level to show strength of the trend . If in Asian session and before UK session , this level is not broken , then a big movement and very trendy day is expected .
Traders around the word to show their avoidance about this point which was only 2 pips away of close made a gap.Maybe this is the first time a level is indicating as a strength level for beginning time of the market. Pay attention to this level a lot.
7-The distance between close and keypoint @1.4094 is more than 159 pips . This indicates a big bullish pressure should be exerted to get to this level. Not so much of sloppy market will be expected for tomorrow.
This gap was the pressure to show their taste of trading.
Learn to walk before you run
  • #1,953
  • Oct 10, 2010 11:40pm Oct 10, 2010 11:40pm
Quoting aebab
I gave my idea about today when market was closed and predicted bullish happend. http://www.forexfactory.com/showpost...postcount=1922

1-Daily power Sentiment is lower than Close of the day means the price is already situated in Bullish area.
if price falls and can pass again this level then we will have a signal to target=1.3992.
Just see when the market opened , it showed up exactly at this point.
2-Daily -Monthly mixed pivot =1.3933 . This level is very important...
Thank you again.
  • #1,954
  • Oct 10, 2010 11:43pm Oct 10, 2010 11:43pm
Can someone describe why market stopped at 1.4010 and descended again to 1.3958?
According to software calculation.
Learn to walk before you run
  • #1,955
  • Oct 10, 2010 11:47pm Oct 10, 2010 11:47pm
Quoting aebab
Can someone describe why market stopped at 1.4010 and descended again to 1.3958?
According to software calculation.
I'm unable to use the calculator. My anti virus keep moving it virus chest.
  • #1,956
  • Oct 10, 2010 11:53pm Oct 10, 2010 11:53pm
Quoting aebab
Can someone describe why market stopped at 1.4010 and descended again to 1.3958?
According to software calculation.
On template 3 the price stopped @ the 61.8% level and then went back to 23.6% level and stopped just before that.
  • #1,957
  • Oct 10, 2010 11:57pm Oct 10, 2010 11:57pm
Quoting 4fingers
On template 3 the price stopped @ the 61.8% level and then went back to 23.6% level and stopped just before that.
I said according to the software not templates . Because templates give an overall view and software gives "why" and "what level to enter".
Learn to walk before you run
  • #1,958
  • Oct 11, 2010 12:03am Oct 11, 2010 12:03am
Quoting aebab
I said according to the software not templates . Because templates give an overall view and software gives "why" and "what level to enter".
Could it try to test 1.3933 area?
  • #1,959
  • Oct 11, 2010 12:21am Oct 11, 2010 12:21am
Quoting aebab
Can someone describe why market stopped at 1.4010 and descended again to 1.3958?
According to software calculation.
hi,bobi

is this a fibonacci from 50% of higher phase to 50% level of blue fibonacci resulted from 1st step (refer to http://www.forexfactory.com/showthread.php?t=255974) with power 4 template?

is correct, if not, please kindly correct me with much appreciation

from starhub
  • #1,960
  • Edited 1:17am Oct 11, 2010 12:22am | Edited 1:17am
Quoting Jeg
Could it try to test 1.3933 area?
do two steps if you like to stay all the time in market and collect pips.
1- Recalculate the gap (High=1.4010,Low=1.3935 as we did not have any other level so we can enter last close as Low value, Close=1.4002close of the highest candle.
2- High=1.4010 Low=1.3958 lowest candle ,close=1.3964 close of lowest candle. you can do this before beginning time of Middle east market (around 04:00 GMT)

Again I am asking why price stopped at 1.4010 and fall down?. Please know that any candle should be interpreted in Abonacci System and if you can not find the reason then you will not be successful in this system . And Abonacci System believes any candle has a specific reason to happen and to close at a certain level . (You may not believe it because it is a new concept and you will get used to it very soon )
Learn to walk before you run
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