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Aboonacci System - for EUR/USD prediction

  • #2,041
  • Oct 12, 2010 8:14am Oct 12, 2010 8:14am
Quoting Jeg
Hi Luckylady, do we use the templates the same way for an uptrend that the downtrend?
Yes exactly the same, just the opposite way around.
  • #2,042
  • Oct 12, 2010 8:19am Oct 12, 2010 8:19am
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.
I took this trade last night in the Asian session. I used the pivot point to set my SL. Still learning and I have to say I have been waiting to see a pullback for a couple of days now and it helped me take the trade.
Attached Image (click to enlarge)
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  • #2,043
  • Oct 12, 2010 8:23am Oct 12, 2010 8:23am
Quoting homestudy
I took this trade last night in the Asian session. I used the pivot point to set my SL. Still learning and I have to say I have been waiting to see a pullback for a couple of days now and it helped me take the trade.
Well done on your trade homestudy, I'm sure that will be very helpful to those watching the thread
  • #2,044
  • Oct 12, 2010 10:00am Oct 12, 2010 10:00am
Quoting StarHub
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

That was an eg, somebody asked about re-calculation, you can recalculate when you like that was just to show if you wanted to recalculate after close of asian trading session.
  • #2,045
  • Oct 12, 2010 10:22am Oct 12, 2010 10:22am
Quoting kdx
That was an eg, somebody asked about re-calculation, you can recalculate when you like that was just to show if you wanted to recalculate after close of asian trading session.
What TF bar are you using in this calc? Does this help you in your trades in the London session? Thanks that would help to clear it up.
  • #2,046
  • Oct 12, 2010 10:49am Oct 12, 2010 10:49am
Quoting homestudy
What TF bar are you using in this calc? Does this help you in your trades in the London session? Thanks that would help to clear it up.

The calculator does not take time into account, if you are talking about the templates than this system is best used on the 15M timeframe but it works on all timeframes.
  • #2,047
  • Oct 12, 2010 11:03am Oct 12, 2010 11:03am
Quoting kdx
The calculator does not take time into account, if you are talking about the templates than this system is best used on the 15M timeframe but it works on all timeframes.
I understand the calculator doesn't take time into account BUT a 15min bar will have a much different range then a H4 will. I am only refering to you writing about using the calculator to do a recalc after the Asain session has closed. Again my question is how big of a chunk of time do you look at for your recalcs? DO recalcs really help that much on a normal day? I understand there was a gap up Sunday night where a recalc was useful but I find that the calculator itself works VERY well with just using the D1 closing values.
So if you could clear up the two issues below please.

1. What TF bar do you use for the values to feed into the Calculator for your recalcs only?

2 On normal days do you find recalcs helpful?

Thank you!
  • #2,048
  • Oct 12, 2010 12:33pm Oct 12, 2010 12:33pm
Quoting homestudy
I understand the calculator doesn't take time into account BUT a 15min bar will have a much different range then a H4 will. I am only refering to you writing about using the calculator to do a recalc after the Asain session has closed. Again my question is how big of a chunk of time do you look at for your recalcs? DO recalcs really help that much on a normal day? I understand there was a gap up Sunday night where a recalc was useful but I find that the calculator itself works VERY well with just using the D1 closing values.
So if you could clear...
This has been answered but I'll answer again, in regards to recalculation there is no set rule if you wish to recalculate after every 4H bar than you can do so. Bobi has mentioned that this method can help find where a 4H bar will close. So if you want to you can try recalculating after a 4H candle closes. You can recalculate at the end of every trading session, or use a swing high or low point. There is no set rule on how to recalculate. Your point about recalculating at the close of day ie NY time is what most seem to be doing. We are all still new with this method the tools are there, I myself do not recalculate much during the day.
  • #2,049
  • Oct 12, 2010 3:02pm Oct 12, 2010 3:02pm
Entered 1st time @ 1.3872 - Price pulled back to the 38.2% level and hit stop loss.

Entered again @1.3873 and price broke out this time - TP @1.3929
100% phase level.

Should I have entered 10 pips above the 61.8% level?

Feedback would be much appreciated...

Thanks to all, this is a great system.
Attached Image (click to enlarge)
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  • #2,050
  • Oct 12, 2010 3:42pm Oct 12, 2010 3:42pm
Quoting eddyray
Entered 1st time @ 1.3872 - Price pulled back to the 38.2% level and hit stop loss.

Entered again @1.3873 and price broke out this time - TP @1.3929
100% phase level.

Should I have entered 10 pips above the 61.8% level?

Feedback would be much appreciated...

Thanks to all, this is a great system.
just remember that daily power sentiment is important s/r and rejection on first try is highly probable...i dont even use stop loss,i wait for pullback to enter long...if you want to play safe,you can set pending long 10 pips above daily power sentiment and add another long at pull back
  • #2,051
  • Oct 12, 2010 4:45pm Oct 12, 2010 4:45pm
1. What is the difference, interpretation between
"High breakout 1" and "High breakout" (red and orange fields)?

2. What is the difference, interpretation between
"Low breakout 1" and "Low breakout" (blue and light blue fields)?

3. What is the meaning and interpretation of the 5 values at the right side
(passage resistance, main high passage resistance, passage support)?
  • #2,052
  • Oct 12, 2010 5:11pm Oct 12, 2010 5:11pm
Thank a lot Bobi, youyr system works very well and is highly accurate

But I would like to know one thing: you'll post your calculator and the template each month?

But if one day you decide to stop us to share your system we can not trade

We just have to pray that one day you book the way we calculate the monthly level

Thank a lot Bobi of your availability

Regards
  • #2,053
  • Edited 3:27am Oct 13, 2010 12:34am | Edited 3:27am
Quoting joker24
1. What is the difference, interpretation between
"High breakout 1" and "High breakout" (red and orange fields)?

2. What is the difference, interpretation between
"Low breakout 1" and "Low breakout" (blue and light blue fields)?

3. What is the meaning and interpretation of the 5 values at the right side
(passage resistance, main high passage resistance, passage support)?

Good questions
1-High breakout is the confirmation to get to target for High breakout1
2- Low breakout is the confirmation to get to target for Low breakout1
3-The Passages as their names make obvious , are the passage point to get to other points . Suppose price is below "Main High Passage Resistance" , if it can pass this level , price will tend to reach passage resistance.
Another case: Price is higher than "Main High Passage Resistance" , falls below that point and even passes Mid point of "Main High Passage Resistance" and "Passage Support" , then the main support that can make the price to be reversed is "Passage Support".
TRICK:
If you like to know the next support and resistance , just enter "Passage resistance+1 pip" to the close and recalculate . then you will get the next resistance .
I do for today .
Today H=1.3934 ,Low=1.3774 , Close=1.3923;
http://i53.tinypic.com/jsy7io.png
If you like to find the next resistance area add 1.4066+1=1.4067 to the close and recalculate , then you will get the following picture
http://i56.tinypic.com/n6x6d0.png
you can do this trick for support also .(Passage Support-1 pip)
Please do not ask a lot of questions about this trick . Use your brain and do back testing.
Learn to walk before you run
  • #2,054
  • Oct 13, 2010 1:05am Oct 13, 2010 1:05am
Quoting aebab
Good questions
1-High breakout is the confirmation to get to target for High breakout1
2- Low breakout is the confirmation to get to target for Low breakout1
3-The Passages as their names make obvious , are the passage point to get to other points .
Good answers.

Thanks!
  • #2,055
  • Oct 13, 2010 3:12am Oct 13, 2010 3:12am
Hi Bobi,

i am using calculator ver.3 and with same input as in your last post i got totally different results,take a look please ?!
Attached Image (click to enlarge)
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  • #2,056
  • Oct 13, 2010 3:18am Oct 13, 2010 3:18am
Quoting deepdrunk
Hi Bobi,

i am using calculator ver.3 and with same input as in your last post i got totally different results,take a look please ?!
me too...
  • #2,057
  • Oct 13, 2010 3:24am Oct 13, 2010 3:24am
Quoting deepdrunk
Hi Bobi,

i am using calculator ver.3 and with same input as in your last post i got totally different results,take a look please ?!
Thank you . I did correction . I made a mistake in entering close of the day.
Learn to walk before you run
  • #2,058
  • Oct 13, 2010 5:57am Oct 13, 2010 5:57am
Where is the BreakOuts template for october?
  • #2,059
  • Oct 13, 2010 7:44am Oct 13, 2010 7:44am
Hello Bobi,

 as far as I know the normal input for the calculator is:

 1. HLC of the last trading day for the actual one.
 2. If there is an up-gap on Monday use HC from the first monday bar, L from the last Friday bar.
 If there is an down-gap on Monday use LC from the first monday bar, H from the last Friday bar.
 3. During the trading day one can recalculate by using HLC of the current bar or the current swing.

 I prefer to trade during 7-10 GMT (first three h of London session) or 6-10 GMT (starting with Frankfurt open) for catching the first european move.

 Would it be wise to use other HLC instead of rule 1, 2 for this trading session?

 If you say yes can you give some recommendations according to this?
 For example: HLC of 0-6 GMT; minor swing of asian session; last major swing or something else which works best according to your experience?

Should the used HL-range of those inputs exceeds a minimal range value (for giving a proper calculation with sense)?
  • #2,060
  • Oct 13, 2010 8:17am Oct 13, 2010 8:17am
I wasn't at all sure what to do this morning, as, again, the Asian session appeared to have moved the price significantly higher and there were no immediately obvious positions to take. When the then high was established at 1.3999 and the candle became a spinning top, it appeared the direction may well swing lower, so I input the high, low and close into the calculator, which suggested going short at 1.3991. I didn't take it, due to being unsure about the implications of the 38.2% yellow and white lines being subsequently broken, so I didn't take any trade. Pity.
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