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Aboonacci System - for EUR/USD prediction

  • #2,461
  • Oct 27, 2010 4:00am Oct 27, 2010 4:00am
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?

It didn't work out beacause if you look at the calculation from NY close, close_100% and up_0% are the same price which indicate a strong resistance. again, trend identifier 3864 is around close_resistance which also pointed to a possible resistance zone and price opened below all these levels.

i didn't place any long order because of all the above resistance points and my sl was above close_100% for the shorts.

Now all short trades hit tp at down_support (3774) and even went below it by 4 pips.

my analysis now is that since we broke down_support by more than 2 pips, we should see down_0%..so i have pending short order at 3770 with tp at down_0% 3649.
The World As It Is Can Do With Your Positive Disposition
  • #2,462
  • Edited 5:06am Oct 27, 2010 4:05am | Edited 5:06am
Using a high of 1.3981, a low of 1.3825 and a close of 1.3857, Low Breakout 1 was above the pivot and offered a short to 1.3808. If you trade London hours, as I do, it's another opportunity missed.

The Break Outs 1 ladder (on the latest calculator) suggested a break of 1.3798 might yield a few pips, but there would be support at 1.3774.

The swing higher has met resistance at 1.3822, Main High Passage Resistance on the Daily Interpretation, and might be headed back to 1.3798 again, though I expect the resistance might be challenged again.
  • #2,463
  • Oct 27, 2010 4:46am Oct 27, 2010 4:46am
Quoting liberty71
It didn't work out beacause if you look at the calculation from NY close, close_100% and up_0% are the same price which indicate a strong resistance. again, trend identifier 3864 is around close_resistance which also pointed to a possible resistance zone and price opened below all these levels.

i didn't place any long order because of all the above resistance points and my sl was above close_100% for the shorts.

Now all short trades hit tp at down_support (3774) and even went below it by 4 pips.

my analysis now is that since we broke down_support...
ty, didnt realise close 100 + UP 0 or close 0 + down 100 were ever different.

So the 1.3774 break is still valid now we back above 1.3829?
  • #2,464
  • Oct 27, 2010 5:25am Oct 27, 2010 5:25am
Quoting Wgold2
ty, didnt realise close 100 + UP 0 or close 0 + down 100 were ever different.

So the 1.3774 break is still valid now we back above 1.3829?
You're right, in all the back tests I have done, they are not different so it wouldn't show as any sort of support/resistance in itself.
  • #2,465
  • Oct 27, 2010 5:32am Oct 27, 2010 5:32am
Quoting Wgold2

So the 1.3774 break is still valid now we back above 1.3829?
I would still wait until the break of Up 0% before putting in a long, especially as it has broken the down resistance by 4 pips, it will revisit it, just don't know when Also the daily/monthly mixed pivot is at 3877 which call this coincidence or not is exactly where it came back down earlier.
  • #2,466
  • Oct 27, 2010 8:35am Oct 27, 2010 8:35am
If we draw a fib from Close_50% (1.3852) to Down_supp (1.3774), it seems the price is moving in between this 2 resistance. Look at the chart below.
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  • #2,467
  • Oct 27, 2010 8:49am Oct 27, 2010 8:49am
Does anyone can tell why today price stopped @ 3770 ?

If you put Oct 25 inputs H 1.4079 L 1.3933 C 1.3963
Lowest point of Oct 26 was 1.3825, but Close_0% was 1.3767, so price didn't complete journey.
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  • #2,468
  • Oct 27, 2010 8:52am Oct 27, 2010 8:52am
patients i got a feeling we going lower now in 10 min, options end and home sales, hope they are good
  • #2,469
  • Oct 27, 2010 9:05am Oct 27, 2010 9:05am
Quoting krishelis
Does anyone can tell why today price stopped @ 3770 ?

If you put Oct 25 inputs H 1.4079 L 1.3933 C 1.3963
Lowest point of Oct 26 was 1.3825, but Close_0% was 1.3767, so price didn't complete journey.
I have an idea.

Try using the power 4 template & draw the fibs as specified in the rules/notes, i.e fib from 76.4 to 23.6 & look for the confluence of fibs(resistance or support). The new fib has it's 50% directly over the yellow power 4, 50% fib. I got in about there for about 40 pips.
Le singe est dans l'arbre
  • #2,470
  • Oct 27, 2010 9:24am Oct 27, 2010 9:24am
Quoting hi6hlander
I have an idea.

Try using the power 4 template & draw the fibs as specified in the rules/notes, i.e fib from 76.4 to 23.6 & look for the confluence of fibs(resistance or support). The new fib has it's 50% directly over the yellow power 4, 50% fib. I got in about there for about 40 pips.

good...i did same thing here and got out at 38 pips
The World As It Is Can Do With Your Positive Disposition
  • #2,471
  • Oct 27, 2010 9:34am Oct 27, 2010 9:34am
On FXPro, the support at 1.3770 is exactly the 76.4% yellow line on the lower phase on the Power 3 template.
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  • #2,472
  • Oct 27, 2010 9:42am Oct 27, 2010 9:42am
Quoting hi6hlander
I have an idea.

Try using the power 4 template & draw the fibs as specified in the rules/notes, i.e fib from 76.4 to 23.6 & look for the confluence of fibs(resistance or support). The new fib has it's 50% directly over the yellow power 4, 50% fib. I got in about there for about 40 pips.
Each time the new fib drawn from 76.4 to 23.6 of P4, the new fib 50% is definately directly over the yellow fib of P4. Would you please elaborate why is this considere as confluence?
  • #2,473
  • Oct 27, 2010 10:05am Oct 27, 2010 10:05am
And there we have it. 1.3767 and a bit more.
  • #2,474
  • Oct 27, 2010 10:18am Oct 27, 2010 10:18am
I took a short at 1.3764 with sl at 1.3798 Down_100 %
Tp 1.3727 because Down_50% 1.3723
  • #2,475
  • Oct 27, 2010 10:24am Oct 27, 2010 10:24am
Quoting Sheumais
On FXPro, the support at 1.3770 is exactly the 76.4% yellow line on the lower phase on the Power 3 template.
I also saw that, but was looking for another reason.
Le singe est dans l'arbre
  • #2,476
  • Oct 27, 2010 11:14am Oct 27, 2010 11:14am
It's an exact match to the pip and simple is always best for me.
  • #2,477
  • Edited 3:46pm Oct 27, 2010 1:22pm | Edited 3:46pm
I hope many of pips are coming into your accounts. I am happy . There is something important to know about "Swing Breakouts" . These levels are not related to the last range of the day and its only the Close which is creating so stupendous and accurate levels. if you just enter a close , you will see how it generates the levels.
And another important thing, this system is so helpful in the beginning of the week or even month, then you can follow the trend.
The formula of Swing Breakouts is coming from combination of Templates Power 4,5,6 , and the idea that all levels and price are predetermined .
Please try to fully understand this system and get ready to harness the market with the next version .
In the next version we will have Daily power sentiment with Down Target as you see we have Daily Power Sentiment with UP Target level.
Learn to walk before you run
  • #2,478
  • Oct 27, 2010 1:30pm Oct 27, 2010 1:30pm
Thanks Bobi. The accuracy of this is astonishing. Probably 1 out of 1million people would have shared this if they figured it out, and good thing you are that 1!

Is it possible to find levels in the calculator where the price may reverse before it continues up/down? I have looked at the P3 template, and many times before it reverses it stops at one of the levels to the pip, like it did today at 1.3770 to the pip, and went back up to 1.3840 or so before it continued down. Stupid me closed out for a small loss as I freaked and did not entirely trust the calculator. Guess if I feel stupid now
  • #2,479
  • Oct 27, 2010 1:40pm Oct 27, 2010 1:40pm
Quoting aebab
I hope many of pips are coming into your accounts. I am happy . There is something important to know about "Swing Breakouts" . These levels are not related to the last range of the day and its only the Close which is creating so stupendous and...
Hi Bobi
Yes this calculator is truly amazing - thanks for all your hard work and generosity.
  • #2,480
  • Edited 2:13pm Oct 27, 2010 2:00pm | Edited 2:13pm
If you like to make you friends amazed , just enter any close then say "I can say what will happen to the market for next candles ". Then he/she will think you are joking . But the results make him/her crazy .
For example now : enter 1.3737 in the close with any values of High and Low then see what is happening ."ONLY A CLOSE!!!"
Note: if you only enter a close , do not care to other parts of the software except "Swing Breakouts".
and this is good for scalpers . I do not recommend to do it to take a daily position . but it helps you to let you know the remaining of the trend .
Learn to walk before you run
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