Aboonacci System - for EUR/USD prediction | Page 102 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EUR/USD Price reverse prediction 5 replies

Testing Future Channel Prediction System 4 replies

Using usd/chf - eur/usd correlation to see moves in EUR/USD 46 replies

Looking for Eur/Usd Usd/chf hedge system 12 replies

EUR/USD : Market Gap & Prediction 2 replies

Attachments: Aboonacci System - for EUR/USD prediction
Exit Attachments

Aboonacci System - for EUR/USD prediction

  • #2,021
  • Oct 12, 2010 3:49am Oct 12, 2010 3:49am
Quoting kdx
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.
May I clarify with you, if amending the claculator for today's high and low, should a different close be used and, if so, which one and why? Thanks kdx.
  • #2,022
  • Oct 12, 2010 4:34am Oct 12, 2010 4:34am
That was quick and easy 40 pips profit in @1.3820 out @1.3780,forget it rest of day have a look again tomorrow!!

Edward
  • #2,023
  • Oct 12, 2010 4:48am Oct 12, 2010 4:48am
Quoting watsone
That was quick and easy 40 pips profit in @1.3820 out @1.3780,forget it rest of day have a look again tomorrow!!

Edward
It would be helpful to others, as has been mentioned a few times in here, if people that are taking trades because of the abonacci system, please post a chart if possible of their entry and if not a chart then the reasons for going into the trade.
  • #2,024
  • Oct 12, 2010 4:53am Oct 12, 2010 4:53am
Quoting luckylady
It would be helpful to others, as has been mentioned a few times in here, if people that are taking trades because of the abonacci system, please post a chart if possible of their entry and if not a chart then the reasons for going into the trade.
his reason is probably pullback signal at 1.3820 with TP 1.3780...i have the same trade
  • #2,025
  • Oct 12, 2010 4:57am Oct 12, 2010 4:57am
Quoting LolCat
his reason is probably pullback signal at 1.3820 with TP 1.3780...i have the same trade
I'm not asking for my benefit, I am asking so that people start to give more detail in order to help people that are still struggling with making the entries. Just saying "I went in here for a quick 40 pips" doesn't help someone see the system working.
  • #2,026
  • Oct 12, 2010 5:06am Oct 12, 2010 5:06am
Quoting luckylady
I'm not asking for my benefit, I am asking so that people start to give more detail in order to help people that are still struggling with making the entries. Just saying "I went in here for a quick 40 pips" doesn't help someone see the system working.
Yes! Lucklylady you are right! I am one of the person who still struggling with making entries. Any entry from you today? May you share with us? Thanks
  • #2,027
  • Oct 12, 2010 5:08am Oct 12, 2010 5:08am
Quoting sam2vt
Yes! Lucklylady you are right! I am one of the person who still struggling with making entries. Any entry from you today? May you share with us? Thanks
I would have posted if I had been in a trade this morning, but unfortunately I have been busy with other things today, but as soon as I do I will post.
  • #2,028
  • Oct 12, 2010 5:08am Oct 12, 2010 5:08am
Hi LuckyLady

I posted some comments above on my understanding of PA since last night of the Abonacci System with some questions about the calculator but no-one has bothered to reply yet.As someone who is pretty neew to this method it would be nice to know if I'm on the right lines.

Thanks

V
  • #2,029
  • Oct 12, 2010 5:14am Oct 12, 2010 5:14am
Quoting Villonius
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%...
Sorry I missed this post V. Very good analysis on the PA, and you have a good grasp of the method. I can't answer your question about the breakout points in the calculator, because I am pretty new to using it and have been used to the original calculator we had, so I wouldn't want to confuse. KDX has a good grasp on the calculator and I will point this post out to him and ask him to answer when he has time.
  • #2,030
  • Oct 12, 2010 5:15am Oct 12, 2010 5:15am
Quoting Sheumais
May I clarify with you, if amending the claculator for today's high and low, should a different close be used and, if so, which one and why? Thanks kdx.
Yes you can re modify calculations as you see it so you may re modify after asia close, so here you will use the high, low and than the close of the asian session. If you wish to modify as you like than you can take the high and low of the day session and use the close of the candle that created the low. Effectively using swing high's and low's. Hope this helps.
  • #2,031
  • Oct 12, 2010 6:00am Oct 12, 2010 6:00am
Quoting luckylady
It would be helpful to others, as has been mentioned a few times in here, if people that are taking trades because of the abonacci system, please post a chart if possible of their entry and if not a chart then the reasons for going into the trade.
Surely this morning's trade was quite straightforward as per Abonacci Pivot Calculator if price breaks 1.3818 it will have a tendency toward 1.3778 which is exactly what happened.(if price pulls back above 1.3818 before reaching 1.3778 then this gives an even better entry assuming your not stopped out-my interpretation)
  • #2,032
  • Oct 12, 2010 6:19am Oct 12, 2010 6:19am
Quoting Villonius
Hi LuckyLady

I posted some comments above on my understanding of PA since last night of the Abonacci System with some questions about the calculator but no-one has bothered to reply yet.As someone who is pretty neew to this method it would be nice to know if I'm on the right lines.

Thanks

V
I will get back to you shortly with an answer to your querey.
  • #2,033
  • Oct 12, 2010 6:23am Oct 12, 2010 6:23am
Quoting kdx
Yes you can re modify calculations as you see it so you may re modify after asia close, so here you will use the high, low and than the close of the asian session. If you wish to modify as you like than you can take the high and low of the day session and use the close of the candle that created the low. Effectively using swing high's and low's. Hope this helps.
It does kdx, thank you.
  • #2,034
  • Oct 12, 2010 6:24am Oct 12, 2010 6:24am
Quoting watsone
Surely this morning's trade was quite straightforward as per Abonacci Pivot Calculator if price breaks 1.3818 it will have a tendency toward 1.3778 which is exactly what happened.(if price pulls back above 1.3818 before reaching 1.3778 then this gives an even better entry assuming your not stopped out-my interpretation)
No its not straightforward at the price you said you went in at, and thats my point. If you had waited until the level at 1.3818 broke you would have waited until 1.3808 to go in. You however, said you had gone in at 1.3820 so some explanation would be nice if its not straightforward. That is all I'm saying.
  • #2,035
  • Oct 12, 2010 6:27am Oct 12, 2010 6:27am
These are my weekly levels for GU

price does reacts from level to level

http://www.screencast.com/users/Amin...a-5dc6e198dd11http://content.screencast.com/users/...10-12_2155.png
http://screencast.com/t/X85e1x6UMKN
  • #2,036
  • Edited 7:07am Oct 12, 2010 6:37am | Edited 7:07am
Quoting Sheumais
It does kdx, thank you.
Hi Sheumais, are you using 1.3789 for the closing in the recalculation?
  • #2,037
  • Oct 12, 2010 7:09am Oct 12, 2010 7:09am
Quoting hoichoi
These are my weekly levels for GU

price does reacts from level to level

http://www.screencast.com/users/Amin...a-5dc6e198dd11http://content.screencast.com/users/...10-12_2155.png
http://screencast.com/t/X85e1x6UMKN

What abonacci system template do you use hoichoi?
  • #2,038
  • Oct 12, 2010 7:16am Oct 12, 2010 7:16am
Quoting luckylady
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.
Hi Luckylady, do we use the templates the same way for an uptrend that the downtrend?
  • #2,039
  • Oct 12, 2010 7:42am Oct 12, 2010 7:42am
Quoting Jeg
Hi Sheumais, are you using 1.3789 for the closing in the recalculation?

Hi Jeg, yes, from the candle where the low was 1.3775. I didn't rush back into a long at the revised High Breakout 1

I used a trailing stop on the previous short, as the calculator's figure said "tendency toward" which doesn't sound like a firm "target". Glad I did. Still learning.
  • #2,040
  • Oct 12, 2010 7:42am Oct 12, 2010 7:42am
Quoting kdx
Yes you can re modify calculations as you see it so you may re modify after asia close, so here you will use the high, low and than the close of the asian session. If you wish to modify as you like than you can take the high and low of the day session and use the close of the candle that created the low. Effectively using swing high's and low's. Hope this helps.
hi kdx

good trading day to you, i am quite confused with you mentioned that modify the figures while closing of the asian session...please kindly guide...thanks
6 traders viewing now