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Aboonacci System - for EUR/USD prediction

  • #2,121
  • Oct 14, 2010 11:25am Oct 14, 2010 11:25am
A perfect way to demonstrate the Calculator interpretations! I ma sure everyone appreciates your contribution!


Quoting 4fingers
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
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #2,122
  • Oct 14, 2010 11:39am Oct 14, 2010 11:39am
Quoting trader91
Thank you, in fact my platform is GMT+2, so for me, NY close is H23.
Fxpro is actually GMT +3 not +2. Where the confusion comes in, is in the UK we are at the moment in BST which is 1 hour ahead of GMT until the end of October. If you are calculating at the end of the day on fxpro as it closes its day when NY closes, just switch to the daily chart and take the high low and close from that.
  • #2,123
  • Oct 14, 2010 11:51am Oct 14, 2010 11:51am
Quoting luckylady
Fxpro is actually GMT +3 not +2. Where the confusion comes in, is in the UK we are at the moment in BST which is 1 hour ahead of GMT until the end of October. If you are calculating at the end of the day on fxpro as it closes its day when NY closes, just switch to the daily chart and take the high low and close from that.

LuckyLady thank you to you, I felt that something was wrong but I did not know where exactly.

It's clear to me now

Best regards
  • #2,124
  • Oct 14, 2010 2:03pm Oct 14, 2010 2:03pm
If you add this indicator to a chart on FXPro, it will quote the previous day's high, low and close in the top left corner. If you do it today, you'll see the figures match Luckylady's from earlier.

Hope it makes life that little bit easier.
Attached File(s)
File Type: ex4 Fibonacci Pivots.ex4   5 KB | 435 downloads
  • #2,125
  • Oct 14, 2010 5:18pm Oct 14, 2010 5:18pm
Hi Lee
Can you post your numbers for this new session? I am trying the old calculator and I am using
close: 1.4080
Monthly value: 1.4117
  • #2,126
  • Oct 14, 2010 6:01pm Oct 14, 2010 6:01pm
Hi Jeg,

I do not use the old calculator anymore, but your calculations would be correct.

These are my daily closing figures:

High: 1.4122
Low: 1.3954
Close: 1.4082

Regards

Lee
Attached Image (click to enlarge)
Click to Enlarge Name: tradepicmid2.jpg Size: 118 KB
  • #2,127
  • Oct 14, 2010 7:22pm Oct 14, 2010 7:22pm
woohooo
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 58 KB
KEEP IT SIMPLE PIPPING
  • #2,128
  • Oct 14, 2010 8:44pm Oct 14, 2010 8:44pm
Quoting 4fingers
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
Hi,
How do you get the "mix value" of 1.4041? Is Low Break Out value? If yes, how about 1.4119 which is High Break Out value, this figure is higher than both Pivot, this represent long trading is favored?

If so, how to judge should go for long or short? Thanks for help.
Attached Image (click to enlarge)
Click to Enlarge Name: MixValue.JPG Size: 38 KB
  • #2,129
  • Oct 14, 2010 8:58pm Oct 14, 2010 8:58pm
Quoting jvh2811
woohooo
wow!

nice results

I will try this system.
  • #2,130
  • Oct 14, 2010 9:49pm Oct 14, 2010 9:49pm
At this moment when the price is at 1.4030 and it looks like a break going down, 38.2% of white fibo hasn't been broken yet, but at this level are we still looking to complete the 100% (1.4181) uptrend, since we crossed 38.2% of the upper phase twice? any comments of how does it look? Thanks
  • #2,131
  • Oct 14, 2010 9:53pm Oct 14, 2010 9:53pm
I was just wondering if anyone has tried this System on any other broker other than than recommended one FxPro. I am trying to use this system on IBFX but the pivot values and high low values are totally different from what is being published here by other usres.
AshN
  • #2,132
  • Oct 14, 2010 10:19pm Oct 14, 2010 10:19pm
Quoting jvh2811
woohooo
If you don't mind me asking, how are you achieving this result? Do you use the calculator signals or something of your own that is complimented by Abonacci??
  • #2,133
  • Oct 14, 2010 10:19pm Oct 14, 2010 10:19pm
Quoting jvh2811
woohooo
Really impressed ... but you seem to trade without stop loss? How do you manage?
  • #2,134
  • Oct 14, 2010 10:23pm Oct 14, 2010 10:23pm
Quoting Jeg
At this moment when the price is at 1.4030 and it looks like a break going down, 38.2% of white fibo hasn't been broken yet, but at this level are we still looking to complete the 100% (1.4181) uptrend, since we crossed 38.2% of the upper phase twice? any comments of how does it look? Thanks

theres alot of scenarios it could hit the 50 line 1.3990 or the 38 line 1.3975 and reverse back up to the 100 line or it can continue down to 1.3957 which is yesterdays low and the 23 line if it breaks that then we should see the 0 line 1.3927

right now resistance at 1.4048 support 1.4007
KEEP IT SIMPLE PIPPING
  • #2,135
  • Oct 14, 2010 10:24pm Oct 14, 2010 10:24pm
Anyone has a clear understanding of this - diverts the price toward PULL BACK level ?

Attached Image
  • #2,136
  • Edited 11:00pm Oct 14, 2010 10:46pm | Edited 11:00pm
Quoting segaram
If you don't mind me asking, how are you achieving this result? Do you use the calculator signals or something of your own that is complimented by Abonacci??

i personally use the calculator for break out levels and pivot and high and low price my targets are the aboonacci lines whatever line is from my entry

and i also add the stoch and sometimes
the adx (this is a good trend indicator)
1 more thing candlestick reading

Happy Pipping Everyone
KEEP IT SIMPLE PIPPING
  • #2,137
  • Oct 14, 2010 10:52pm Oct 14, 2010 10:52pm
Quoting subbu
Really impressed ... but you seem to trade without stop loss? How do you manage?
i believe brokers see your stoploss so i dont use it all the time especially if im watching my trade

also the broker i use margin is awesome
my leverage is 200:1
1 lot at $10/pip is $277
KEEP IT SIMPLE PIPPING
  • #2,138
  • Oct 14, 2010 11:51pm Oct 14, 2010 11:51pm
Quoting sam2vt
Hi,
How do you get the "mix value" of 1.4041? Is Low Break Out value? If yes, how about 1.4119 which is High Break Out value, this figure is higher than both Pivot, this represent long trading is favored?

If so, how to judge should go for long or short? Thanks for help.
Hi Sam2vt
Thanks for spotting this (did it late night ). Yes this was a typo which I fixed.
The value in the example from yesterday should be 1.4047
Regards
  • #2,139
  • Oct 15, 2010 2:38am Oct 15, 2010 2:38am
Yesterday at 9:45 am level 38.2 yellow and white fib has been crossed, but the price has not reached 100 and below 0 phase is greater than 38 pips. Does anyone know why this happened??
  • #2,140
  • Oct 15, 2010 4:26am Oct 15, 2010 4:26am
Quoting Sheumais
If you add this indicator to a chart on FXPro, it will quote the previous day's high, low and close in the top left corner. If you do it today, you'll see the figures match Luckylady's from earlier.

Hope it makes life that little bit easier.

Thank you so much Sheumais, it's very useful !
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