Aboonacci System - for EUR/USD prediction | Page 106 | 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

  • #2,101
  • Oct 14, 2010 12:54am Oct 14, 2010 12:54am
Quoting aurelian
Making the calculation for the Asian session we obtain the following High/Low Break Outs.
Take close of the highest price to find the breakouts and the levels which may confirm break outs.
Now I calculate as follow:
High=1.4093 L=3954 Close=1.4078
Learn to walk before you run
  • #2,102
  • Oct 14, 2010 1:26am Oct 14, 2010 1:26am
Quoting stringfx
Dear Aebab, thanks for the prompt reply, however 60 pips would have still hit my stoploss as it went 63 pips from 38.2 (in my chart).

Is it possible to show us how do you calculate it through the version 3 calculator. what will be the high,low, close and which level would determine the SL.

will you calculate the high,low close of the last candle after crossing 38.2? iam using power template 3. Please let us know which level on the calculator shows the stop loss. is it the pull back signal?

thanks
Description is in the picture
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 38.2_stoploss_1.png Size: 64 KB
Click to Enlarge Name: 38.2_stoploss_2.png Size: 78 KB
Learn to walk before you run
  • #2,103
  • Oct 14, 2010 1:53am Oct 14, 2010 1:53am
Quoting aebab
Hi,
I saw your posts and I think you are getting system very well . But please refer to the rules:

[color=red]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 the Base line , then...
We have completed phase 3 this morning and have also broken 23.6% of Phase 4. According to the RULES, price will reach 100% of Phase 4 at 1.4181. Please correct me if I'm wrong.
  • #2,104
  • Oct 14, 2010 2:05am Oct 14, 2010 2:05am
Quoting segaram
We have completed phase 3 this morning and have also broken 23.6% of Phase 4. According to the RULES, price will reach 100% of Phase 4 at 1.4181. Please correct me if I'm wrong.
Yes . You are right . But be aware of swinging like we had some days ago and now it came to finish its journey .
Learn to walk before you run
  • #2,105
  • Oct 14, 2010 2:35am Oct 14, 2010 2:35am
Quoting aebab
Yes . You are right . But be aware of swinging like we had some days ago and now it came to finish its journey .
Thanks for the warning Bobi, but all I need to know is where price is going. Thanks to you, I know where price is head. Rest of it should be upto the individual trader to do with their money management. I do not take large positions. I take smaller lots, wait for it to make a bit of profit, take half the position off the table, wait for pullback, enter small lots again, etc.
  • #2,106
  • Oct 14, 2010 2:54am Oct 14, 2010 2:54am
Quoting liberty71
I had a brief discussion with aebab today to better understand how to correctly read the calculator interpretations, below is the excerpt from the discussion...

[3:56:55 PM] house43: Bobi pls if you have some few minutes, i need you to explain something to me
[3:57:23 PM] Bobi Abonacci: ok.
[3:58:53 PM] house43: pls i need you to take me through the calculator daily range based interpretation and the daily interpretation
[3:59:12 PM] Bobi Abonacci: which day?
[font=&quot][3:59:17...
Thanks for sharing mate!
  • #2,107
  • Oct 14, 2010 3:04am Oct 14, 2010 3:04am
where you can specify each of its phases?
can you help me to find the phases at abonacci?
  • #2,108
  • Oct 14, 2010 3:26am Oct 14, 2010 3:26am
Quoting subbu
Thanks for sharing mate!

You are welcome mate. Always willing to help where I can as long as I can.
The World As It Is Can Do With Your Positive Disposition
  • #2,109
  • Oct 14, 2010 5:27am Oct 14, 2010 5:27am
Quoting million3889
where you can specify each of its phases?
can you help me to find the phases at abonacci?

You have to read the basics first before trying to do anything with this system and they are detailed in the very first post.
  • #2,110
  • Oct 14, 2010 7:17am Oct 14, 2010 7:17am
Quoting aebab
Take close of the highest price to find the breakouts and the levels which may confirm break outs.
Now I calculate as follow:
High=1.4093 L=3954 Close=1.4078

sorry for my ignorance but I'm new,

FxPro Plateform is in GMT+2, I would like to know at wath time GMT are Asian Market please ?
It'is exactly 14h11 GMT+1
  • #2,111
  • Oct 14, 2010 7:50am Oct 14, 2010 7:50am
Quoting trader91
sorry for my ignorance but I'm new,

FxPro Plateform is in GMT+2, I would like to know at wath time GMT are Asian Market please ?
It'is exactly 14h11 GMT+1
Bobi calculates at the close of NY which is 9pm GMT (10pm British Summer Time), if you have a broker that works on GMT it would be the close at 9pm.
  • #2,112
  • Oct 14, 2010 7:59am Oct 14, 2010 7:59am
Quoting aebab
Description is in the picture

Dear Aebab, thanks a lot for clarifying
Regards.
STING
  • #2,113
  • Oct 14, 2010 9:00am Oct 14, 2010 9:00am
Quoting luckylady
Bobi calculates at the close of NY which is 9pm GMT (10pm British Summer Time), if you have a broker that works on GMT it would be the close at 9pm.
Thank's a lot luckylady

On my plateform FXpro, yesterday NY was :
H 1.4001
L 1.3911
C 1.3961

Is that correct ?

And to calculate After Asian session, what's time (O,H,L,C) asian session please ?
  • #2,114
  • Oct 14, 2010 9:05am Oct 14, 2010 9:05am
Here's a link to a site that explains the various trading hours

http://www.tradingcurrencyonline.com/timezones.html
  • #2,115
  • Oct 14, 2010 10:31am Oct 14, 2010 10:31am
Quoting Sheumais
Here's a link to a site that explains the various trading hours

http://www.tradingcurrencyonline.com/timezones.html
Thank you, in fact my platform is GMT+2, so for me, NY close is H23.
  • #2,116
  • Oct 14, 2010 10:51am Oct 14, 2010 10:51am
Quoting trader91
Thank's a lot luckylady

On my plateform FXpro, yesterday NY was :
H 1.4001
L 1.3911
C 1.3961

Is that correct ?

And to calculate After Asian session, what's time (O,H,L,C) asian session please ?

Trader 91,

Those are the correct times. I used the same platform as LL.

You might want to check your Low though, technicaly it was 1.39116 which would make it on a four decimal 1.3912. Not trying to be picky, just letting you know what I had.

Also, FXPRO's prices differ between live and demo..... just so you know.

Regards

Lee
  • #2,117
  • Oct 14, 2010 10:53am Oct 14, 2010 10:53am
Hello Bobi,

You say wecan use abonacci system with DJ, my platform give JD Future Dec10, can i use abonacci system and with wich template please?
  • #2,118
  • Edited 11:47pm Oct 14, 2010 10:56am | Edited 11:47pm
Hi all

I have attempted to simplify the understanding of the Daily Interpretation by
visually adding some descriptions on the image. I hope this helps some of you
to better understand this awesome tool created by Bobi !!

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: Daily Interpretation.gif Size: 58 KB
  • #2,119
  • Oct 14, 2010 11:09am Oct 14, 2010 11:09am
Thanks 4fingers. Any chance you could do the same for daily range based interpretation although Bobi explained it quite well, it would be easier to have it on the chart.
  • #2,120
  • Oct 14, 2010 11:12am Oct 14, 2010 11:12am
Quoting leemonk
Trader 91,

Those are the correct times. I used the same platform as LL.

You might want to check your Low though, technicaly it was 1.39116 which would make it on a four decimal 1.3912. Not trying to be picky, just letting you know what I had.

Also, FXPRO's prices differ between live and demo..... just so you know.

Regards

Lee
Thank's Lee for all these details.
Regards
0 traders viewing now