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Aboonacci System - for EUR/USD prediction

  • #2,441
  • Edited 11:44pm Oct 26, 2010 11:12pm | Edited 11:44pm
I believe a good place for a reversal is 1.3791. I have a short from 1.3838 which is the 38.2 lvl of the swing down from 1.3877 to 1.3814. target 1.3798

(edit) took tp at 1.3800

(edit 2) because this is my first post so it takes awhile. 1.3791 is the 68.1% of down 100% and down support. this is what bobbi mentioned as to why price stopped and reversed yesterday at 1.3909
  • #2,442
  • Oct 26, 2010 11:56pm Oct 26, 2010 11:56pm
Yes I agree with you 1.3791 is the 68.1% of down 100$ and down support.

I have question where 1.3838 which is the 38.2 level of the swing down from 1.3877 to 1.3814. Would you show me ur chart?

Quoting bonzer
I believe a good place for a reversal is 1.3791. I have a short from 1.3838 which is the 38.2 lvl of the swing down from 1.3877 to 1.3814. target 1.3798

(edit) took tp at 1.3800

(edit 2) because this is my first post so it takes awhile. 1.3791 is the 68.1% of down 100% and down support. this is what bobbi mentioned as to why price stopped and reversed yesterday at 1.3909
  • #2,443
  • Oct 27, 2010 12:02am Oct 27, 2010 12:02am
Complete the Close 100% at 1.3801 ( in calculator at 1.3798 ). Should bounce from here. First target is 1.3829 with me . This system seems to be exactly. Great system.
  • #2,444
  • Oct 27, 2010 12:12am Oct 27, 2010 12:12am
Quoting felixcatwa
Yes I agree with you 1.3791 is the 68.1% of down 100$ and down support.

I have question where 1.3838 which is the 38.2 level of the swing down from 1.3877 to 1.3814. Would you show me ur chart?
Just draw a fib from the top 3877 100% to 3814 0%
  • #2,445
  • Oct 27, 2010 12:39am Oct 27, 2010 12:39am
Quoting vntrader
Complete the Close 100% at 1.3801 ( in calculator at 1.3798 ). Should bounce from here. First target is 1.3829 with me . This system seems to be exactly. Great system.
Completed with me .
  • #2,446
  • Oct 27, 2010 1:03am Oct 27, 2010 1:03am
Sorry my chart cannot see your fib value. My fib value is top 1.38870 100%, bottom 1.36669 0%. Please correct me.

Quoting bonzer
Just draw a fib from the top 3877 100% to 3814 0%
  • #2,447
  • Oct 27, 2010 1:05am Oct 27, 2010 1:05am
Quoting vntrader
Completed with me .
Well done
  • #2,448
  • Oct 27, 2010 1:33am Oct 27, 2010 1:33am
Quoting felixcatwa
Sorry my chart cannot see your fib value. My fib value is top 1.38870 100%, bottom 1.36669 0%. Please correct me.
Its not on the template. You need to take the fib tool on the mt4 and draw it in from the swing high to the swing low. This isn't a part of the system, drawing in additional fibs on swing moves, so I wont comment on it too much further.
  • #2,449
  • Oct 27, 2010 1:53am Oct 27, 2010 1:53am
Thanks i understand now.

Quoting bonzer
Its not on the template. You need to take the fib tool on the mt4 and draw it in from the swing high to the swing low. This isn't a part of the system, drawing in additional fibs on swing moves, so I wont comment on it too much further.
  • #2,450
  • Oct 27, 2010 1:57am Oct 27, 2010 1:57am
Ok so close resistance trade didnt work out, just spike up to open trade, -20 pips, close support trade worked +20 pips, thought id forgot to do pending orders when platform was loaded Any reasons I shouldnt have gone for that buy order giving numbers on the calculator or extra fibs?
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  • #2,451
  • Oct 27, 2010 2:13am Oct 27, 2010 2:13am
short at 1.3777
  • #2,452
  • Oct 27, 2010 2:17am Oct 27, 2010 2:17am
Quoting Wgold2
Ok so close resistance trade didnt work out, just spike up to open trade, -20 pips, close support trade worked +20 pips, thought id forgot to do pending orders when platform was loaded Any reasons I shouldnt have gone for that buy order giving numbers on the calculator or extra fibs?
One thing is if you look at the second tab, monthly sentiment is below the daily/monthly mixed pivot giving a bearish bias for today although not always correct you would have been safer to wait for it to go above the Up 0%, which is why most people who put in a sell last night put their stop losses above it.
  • #2,453
  • Oct 27, 2010 2:17am Oct 27, 2010 2:17am
Quoting Wgold2
Ok so close resistance trade didnt work out, just spike up to open trade, -20 pips, close support trade worked +20 pips, thought id forgot to do pending orders when platform was loaded Any reasons I shouldnt have gone for that buy order giving numbers on the calculator or extra fibs?
Mainly because two days in a row, it has not been able to break the mixed pivot, and it bounced from it twice yesterday and once today as far as i can see. The pivot is a key point as that decides where it`s gonna go.
  • #2,454
  • Oct 27, 2010 2:24am Oct 27, 2010 2:24am
Dear Aebab, is the rules of power3 breakout (white fibs) same as power 4?
If 50% of breakout reaches 23% in power 3, Do we draw the same white fibs on power 4 as well and does the same rule apply? I am asking this as Power 4 is a bit on the long term perspective. Do you think price will reach 23% on power 4 as well?

Thanks for your patience and once again -- Great system to analyze the price on eur/usd.

Regards
STING
  • #2,455
  • Oct 27, 2010 2:29am Oct 27, 2010 2:29am
ty luckylady and turbotommy
  • #2,456
  • Oct 27, 2010 2:46am Oct 27, 2010 2:46am
[quote=stringfx;4125711]Dear Aebab, is the rules of power3 breakout (white fibs) same as power 4? The level on P4 is 23.6
If 50% of breakout reaches 23% in power 3, Do we draw the same white fibs on power 4 as well and does the same rule apply? I am asking this as Power 4 is a bit on the long term perspective. Do you think price will reach 23% on power 4 as well?

These rules are all posted they should be on the 1st post of page 1. P4 this template is intended for larger moves hence the phase range of 220 pips. The fibs are all drawn the same way as you did on P3 so you have your blue and white fibs, some are removing the blue fibs to keep charts tidy this is each individuals own prefernce, as they concentrate on the white 38.2 which is key reversal, the differnce here being when we break from below to up we are looking to break the 23.6 level and generally aiming towards the 76.4 level.


Can you explain what you mean by this "If 50% of breakout reaches 23% in power 3" If you are talking to the downside than it has been mentioned that once the 61.8 level is broken price tends to reach the 23.6 level but you could use 50 if you wanted to you can use this for both templates.

  • #2,457
  • Oct 27, 2010 2:47am Oct 27, 2010 2:47am
my last post was in response to string fx for some reasom the qoute did not appear.
  • #2,458
  • Oct 27, 2010 3:08am Oct 27, 2010 3:08am
I was reffering to downward break. In power 3 i have seen in some post from aebab that if we break 50% of the white fibs we should get to 23%.
I was merely confirming if it applies to P4 as well. As we did get a brek of 50% on the white fibs a while ago.
Regards
STING
  • #2,459
  • Oct 27, 2010 3:11am Oct 27, 2010 3:11am
Quoting kdx
my last post was in response to string fx for some reasom the qoute did not appear.
You missed the "[/quote]" at the end of the quote
  • #2,460
  • Oct 27, 2010 3:15am Oct 27, 2010 3:15am
Quoting stringfx
I was reffering to downward break. In power 3 i have seen in some post from aebab that if we break 50% of the white fibs we should get to 23%.
I was merely confirming if it applies to P4 as well. As we did get a brek of 50% on the white fibs a while ago.
Regards

Could you post the link where that was said ie post no, nothing wrong with that seems quite sound it's just I was not aware of it ie white fib from 50 to 23.6 when coming down.
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