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Aboonacci System - for EUR/USD prediction

  • #2,201
  • Oct 18, 2010 8:58pm Oct 18, 2010 8:58pm
Quoting FXMajors
Here are todays HLC


but you see the levels for long or short at london open ??
  • #2,202
  • Oct 18, 2010 9:50pm Oct 18, 2010 9:50pm
how do you interpret the numbers if lvl which diverts price towards pullback lvl is lower than pullback signal?
  • #2,203
  • Oct 18, 2010 10:14pm Oct 18, 2010 10:14pm
Quoting wallstreet03
why the ny close and not the close of the day ?

with ny close the sentiment is long

> 1,395 1tp 14013 2tp 1,4046

< 1,3928 1tp 1,3917 2tp 1,3886

your interpetation with ny close ??
Different brokers have different closes, so aebab says to use the close of NY that is what the system is based on.
  • #2,204
  • Oct 18, 2010 10:15pm Oct 18, 2010 10:15pm
Quoting plind
Mon low 1.3830 not 1.3930 probably just typo.
Sorry yes you're right it was a typo
  • #2,205
  • Oct 19, 2010 4:33am Oct 19, 2010 4:33am
Just letting everyone know that the group has the new calculator and are testing it and preparing a document for it. Once the document is done to go with it, it will be uploaded here
  • #2,206
  • Oct 19, 2010 5:37am Oct 19, 2010 5:37am
Thanks, LuckyLady. Appreciate your presence here and your active participation in this thread. I think, you're the only member of Bobi's group who is really willing to share your time and your knowledge to us who have no direct access to Bobi's new teaching. Sometimes, it gets so lonely in this thread with no member ever posting any development or update.

Regards!
jonyl
  • #2,207
  • Oct 19, 2010 7:54am Oct 19, 2010 7:54am
From the Base Line price moved away by about 485 pips to reach the high of 1.4158. According to Bobi's rules, which states "...if price goes away 429 pips from base line, then it has no power to be reversed and break its opposite direction."

Now price has already pulled back from the high of 1.4158 by 327 pips. Now... So my question here, is this rule mentioned above still valid? Someone please respond. I know ultimately price will reach it's target, but then again, price will ultimately reach every point given enough time.
  • #2,208
  • Oct 19, 2010 8:23am Oct 19, 2010 8:23am
Quoting luckylady
Just letting everyone know that the group has the new calculator and are testing it and preparing a document for it. Once the document is done to go with it, it will be uploaded here
Thanks Luckylady for your great work in this thread, we are going waiting for the calculator.

Thanks so much Bobi for keep sharing your excellent work!
  • #2,209
  • Oct 19, 2010 9:07am Oct 19, 2010 9:07am
Quoting segaram
From the Base Line price moved away by about 485 pips to reach the high of 1.4158. According to Bobi's rules, which states "...if price goes away 429 pips from base line, then it has no power to be reversed and break its opposite direction."

Now price has already pulled back from the high of 1.4158 by 327 pips. Now... So my question here, is this rule mentioned above still valid? Someone please respond. I know ultimately price will reach it's target, but then again, price will ultimately reach every point given enough time.

Good question and good observation, if you can recall Bobi has said that once price touches the 100 level of a new phase than for the trend to be in place price cannot go down by 157 pips for the trend to be valid. Since moving to phase 3 on PŁ template of this up move price has come down below the 0 level of phase 3 and down by a further 38 pips which does indicate a change of trend. However the rule does state that once price has moved from the base line by over 400 pips sorry cannot remember exact value, than price should not come back and go below the base level. I've quickly rushed and typed this so if there is anything that's not completely from the rules than please can somebody who knows the rules add to this.
  • #2,210
  • Oct 19, 2010 9:54am Oct 19, 2010 9:54am
Quoting jonyl_pips
Thanks, LuckyLady. Appreciate your presence here and your active participation in this thread. I think, you're the only member of Bobi's group who is really willing to share your time and your knowledge to us who have no direct access to Bobi's new teaching. Sometimes, it gets so lonely in this thread with no member ever posting any development or update.

Regards!
jonyl
Bobi simply abandoned us here, this section is weak, because we were kicking without the creator, I feel sad for this, but c'mon. Hugs and all success!
  • #2,211
  • Oct 19, 2010 10:26am Oct 19, 2010 10:26am
Quoting luckylady
Just letting everyone know that the group has the new calculator and are testing it and preparing a document for it. Once the document is done to go with it, it will be uploaded here

if I backtest the system from jan 2010 ad today

is it possible ? in the progam I add only data of the last day ,

and data history for sentiment montly ??
  • #2,212
  • Oct 19, 2010 11:20am Oct 19, 2010 11:20am
where is the Eur going..... I bought 1.3770 in profit.. should I hold or dump...
never seen this much green. lol......
  • #2,213
  • Oct 19, 2010 1:20pm Oct 19, 2010 1:20pm
lot of pip action today
Attached Image (click to enlarge)
Click to Enlarge Name: chart12.gif Size: 41 KB
KEEP IT SIMPLE PIPPING
  • #2,214
  • Oct 19, 2010 1:22pm Oct 19, 2010 1:22pm
Quoting Darreeb
where is the Eur going..... I bought 1.3770 in profit.. should I hold or dump...
never seen this much green. lol......
i wouldnt be surprised if the price hit 1.34 before bouncing back to 1.4 - 1.5. I have pending long orders at 1.34, 1.35, 1.36 just in case
  • #2,215
  • Edited 2:03pm Oct 19, 2010 1:47pm | Edited 2:03pm
thats why i dont follow any one elses rules
i follow my own
this system is good especially the levels and abo lines are awesome and breakouts but
pa (price action) can go anywhere guys you have to read the candles see where theres strong support and stong resistance
thats why i dont go for the long haul 50+ pips i take anywhere from 5 to 30 pips who cares if it keeps running into profit if you were still in the trade as long as you come out with profits you're a winner just my 2cents
so far for the week +83 pips 5 trades

happy pipping everyone

Quoting kdx
Good question and good observation, if you can recall Bobi has said that once price touches the 100 level of a new phase than for the trend to be in place price cannot go down by 157 pips for the trend to be valid. Since moving to phase 3 on PŁ template of this up move price has come down below the...
KEEP IT SIMPLE PIPPING
  • #2,216
  • Oct 19, 2010 3:56pm Oct 19, 2010 3:56pm
Absolute Fibonacci Framework
See this:
http://www.forexfactory.com/showpost...postcount=6215

http://www.forexfactory.com/showpost...stcount=100213

http://www.forexfactory.com/showpost...&postcount=345

eTrader,
  • #2,217
  • Oct 19, 2010 4:39pm Oct 19, 2010 4:39pm
ny close
h 1,4002 l 1.3713 c 1.3725

i hope i have accurate figures
  • #2,218
  • Oct 19, 2010 5:04pm Oct 19, 2010 5:04pm
Quoting LolCat
ny close
h 1,4002 l 1.3713 c 1.3725

i hope i have accurate figures
I've got the same HLC figures from FXPro...
  • #2,219
  • Oct 19, 2010 5:44pm Oct 19, 2010 5:44pm
Quoting jonyl_pips
I've got the same HLC figures from FXPro...

nope here are the figures

high 1.4003
low 1.3713
close 1.3741
KEEP IT SIMPLE PIPPING
  • #2,220
  • Oct 19, 2010 6:56pm Oct 19, 2010 6:56pm
Quoting jvh2811
nope here are the figures

high 1.4003
low 1.3713
close 1.3741
can't argue with the high...just a matter of rounding off numbers. with the close, i took the number from the last day candle before the 5:00 pm est/new day candle...
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