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Aboonacci System - for EUR/USD prediction

  • #2,001
  • Oct 12, 2010 1:52am Oct 12, 2010 1:52am
Quoting luckylady
He means that when it got to 1.3818 which is the pullback figure in the calculator, it stopped and went back up 26 pips.
Am I missing something the low was 1.3806 on FXpro ( demo ) and forex dot com ( live account ) how did you come up with 1.3818?
  • #2,002
  • Oct 12, 2010 1:58am Oct 12, 2010 1:58am
Quoting luckylady
He means that when it got to 1.3818 which is the pullback figure in the calculator, it stopped and went back up 26 pips.
Hi Luckylady,

1.3818 is not shown from the calculator base on the figure of mistersimple. I am still not clear how to utilise the figure provided from the calculator. Would you please explain to me? Base on the calcutor's figure, when should go long and short? When should TP? Should base on calculator or 3 steps fib drawn or both. I may asked silly quetions, perhaps you may help this poor newbie here. Thank you very much.
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  • #2,003
  • Oct 12, 2010 2:04am Oct 12, 2010 2:04am
FXPro High 1.4010, Low 1.3866, Close 1.3877. Try these figures in your calculator.
  • #2,004
  • Oct 12, 2010 2:06am Oct 12, 2010 2:06am
Quoting Sheumais
FXPro High 1.4010, Low 1.3866, Close 1.3877. Try these figures in your calculator.
I agree with Sheumais'es values
  • #2,005
  • Oct 12, 2010 2:07am Oct 12, 2010 2:07am
Quoting sam2vt
Hi Luckylady,

1.3818 is not shown from the calculator base on the figure of mistersimple. I am still not clear how to utilise the figure provided from the calculator. Would you please explain to me? Base on the calcutor's figure, when should go long and short? When should TP? Should base on calculator or 3 steps fib drawn or both. I may asked silly quetions, perhaps you may help this poor newbie here. Thank you very much.
You are using the wrong calculator. Its highlighted in bold Software works only for month of Sept. Do not use it for other months.
  • #2,006
  • Oct 12, 2010 2:16am Oct 12, 2010 2:16am
Quoting FXMajors
You are using the wrong calculator. Its highlighted in bold Software works only for month of Sept. Do not use it for other months.
Thanks FXMajors. I got the pullback figure shown 1.3818 now.
  • #2,007
  • Oct 12, 2010 2:18am Oct 12, 2010 2:18am
Quoting FXMajors
You are using the wrong calculator. Its highlighted in bold Software works only for month of Sept. Do not use it for other months.

use OCTOBER

very nice youtube video. thanks Bobi, can you do some more?
  • #2,008
  • Oct 12, 2010 2:18am Oct 12, 2010 2:18am
Quoting sam2vt
Thanks FXMajors. I got the pullback figure shown 1.3818 now.
Your Welcome
  • #2,009
  • Oct 12, 2010 2:27am Oct 12, 2010 2:27am
Quoting FXMajors
Your Welcome
Is the 3 steps fib drawing still applicable for this system? Or can just base on the calculator's figure for entry, set TP and look for the pull back?
There are many figures in the calculator, which are the most you will looking for? Thanks for help.
  • #2,010
  • Edited 2:57am Oct 12, 2010 2:33am | Edited 2:57am
Having broken through the Pullback of 1.3818, though it didn't close below that level, there should now be resistance at 1.3859, if I'm reading the strangely worded calculator correctly.

On the Daily Interpretation, we're well below the pivot, the Low Break Out of 1.3844 is broken and the day's low is 1.3807, below the target for Low Break Out 1 of 1.3414.

Entering the day's high of 1.3886, the low of 1.3807 and last night's close of 1.3877 into the calculator shows resistance from a PullBack of 1.3808 of 1.3849, the high of the previous candle, at time of writing.

Having pulled-back from the resistance at 1.3849 and passed 1.3818, we should now be heading towards 1.3778, hopefully.
  • #2,011
  • Oct 12, 2010 2:58am Oct 12, 2010 2:58am
1.3772 next?
  • #2,012
  • Oct 12, 2010 3:01am Oct 12, 2010 3:01am
Sentiment
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  • #2,013
  • Oct 12, 2010 3:09am Oct 12, 2010 3:09am
Quoting Sheumais
Having broken through the Pullback of 1.3818, though it didn't close below that level, there should now be resistance at 1.3859, if I'm reading the strangely worded calculator correctly.

On the Daily Interpretation, we're well below the pivot, the Low Break Out of 1.3844 is broken and the day's low is 1.3807, below the target for Low Break Out 1 of 1.3414.

Entering the day's high of 1.3886, the low of 1.3807 and last night's close of 1.3877 into the calculator shows resistance from a PullBack of 1.3808 of 1.3849, the high of the previous candle,...
Why are you using the high and low of today yet you are using the close of yesterday, unless I'm missing something can you explain.
  • #2,014
  • Oct 12, 2010 3:12am Oct 12, 2010 3:12am
That's what was used yesterday when the figures were changed, wasn't it?

To be honest, I'm trying to make the best of what is a jumble of figures on a calculator issued without explanation, which gives different signal to the original 3 step or calculator.
  • #2,015
  • Oct 12, 2010 3:19am Oct 12, 2010 3:19am
Quoting Sheumais
That's what was used yesterday when the figures were changed, wasn't it?

To be honest, I'm trying to make the best of what is a jumble of figures on a calculator issued without explanation, which gives different signal to the original 3 step or calculator.
Thanks Sheumais. From your explanation I can get clearer picture from the calculator's figure. Would you please share what is your trading entry today and the reason? Thanks
  • #2,016
  • Oct 12, 2010 3:30am Oct 12, 2010 3:30am
I am a bit confused. I don’t know if I should fallow template 3 or the calculator. At this point the calculator is giving the write direction. I think somehow we should combine both methods. Going to template 3, we should consider that phase 3 is over? It didn’t reach 100 %. But on the other way phase 2 was broken from 100% and we have just bounced on 0% fibo. Thank you in advance.
  • #2,017
  • Oct 12, 2010 3:33am Oct 12, 2010 3:33am
Quoting aurelian
I am a bit confused. I don’t know if I should fallow template 3 or the calculator. At this point the calculator is giving the write direction. I think somehow we should combine both methods. Going to template 3, we should consider that phase 3 is over? It didn’t reach 100 %. But on the other way phase 2 was broken from 100% and we have just bounced on 0% fibo. Thank you in advance.
The templates are to you give you a visual of the overall direction. The calculator is to help you with your actual entries and exits.
  • #2,018
  • Oct 12, 2010 3:36am Oct 12, 2010 3:36am
Hello All,

I've read most of this thread with interest and avoided the obvious Troll postings

I'm trying to get my head around the Calculator V3. Please note I don't use FX Pro and so my figures are H 1.4010 L 1.3865 C 1.3875 but the results are pretty much in line with those posted.

DP 1.371 broken early in Asian Session and re-tested around 345-445 but rejected with resistance at the Yellow 61.8 Fib That was re-tested again at 630 and again rejected.

From my understanding of the 38.2 Fib rule that means price is v likely to go to 0% ie 1.3802

Price moved rapidly towards that but stopped at 1.3806, just above that a confluence of 86.4% W and 76.4% Blue Fibs.

On the way down the 1.3817 Pullback is broken indicating price to go to 1.3777 provided 1.3858 holds as resistance.

The bounce took it to the Yellow 38.2 at 1.3849 where it was rejected so the resistance at 1.3858 is intact and 1.3777 target is still good.

The bit I don't get is the Break out figures and I can't find any posts explaining these in the calculator.

I see low Break out at 1.3825 in Dark blue and then 1.3843 in light blue just to the right with a target of 1.3813

Then a 2nd Break Out figure of 1.3782 Dark blue and Target 1.3740

Can some one tell me what the Dark Blue just to the right of the Low Break Out 1 figure is for ?

Also any comments on my analysis above would be welcomed

Thanks


V
  • #2,019
  • Edited 4:11am Oct 12, 2010 3:41am | Edited 4:11am
Sam, I am not a good guide to follow, just calling it as I think see it.

What appears to be the right trade to be in is a short from the resistance offered by the 38.2% on the Power 3 template, 1.3849, following the Pullback from 1.3807. I had been looking for resistance at 1.3859 from the calculator. As it didn't recover that high, I've taken a short form the Low Break Out 1 at 1.3825, assumed the trend will continue below the PullBack, and have an ultimate target of 1.3741(ish), as Low Break Out 2 is higher than the "tendency toward" figure quoted on the calculator.

I am far from confident I'm calling this right for the right reasons, as there are so many figures and changing the highs and lows merely provides more. If I'm wrong, which is distinctly possible, hopefully the reason I'm wrong will help others avoid my mistakes.

(Edit due to confusing myself again. Entering the revised high and low, for the day at the time, gave a resistance at 1.3849, which I'd mentioned earlier. That gave a possible short at that level too, but I prefer to wait for confirmation the resistance has held and re-enter when a Break Out is reached. Maybe sharing my thoughts isn't so helpful...)
  • #2,020
  • Oct 12, 2010 3:43am Oct 12, 2010 3:43am
Quoting Sheumais
That's what was used yesterday when the figures were changed, wasn't it?

To be honest, I'm trying to make the best of what is a jumble of figures on a calculator issued without explanation, which gives different signal to the original 3 step or calculator.
Yesterday a recalculation was done due to the gap that was formed, now if the gap is quite large than we can use the high and low of the initial candle after the open and use the close from fridays session this is for yesterday. Hope this clears up the confusion, a detailed FAQ will be up soon which would address all issues many are having.
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