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Aboonacci System - for EUR/USD prediction

  • #2,501
  • Oct 28, 2010 2:09am Oct 28, 2010 2:09am
Quoting vntrader
My 100 UP level is 1.3826 , so if it breaks more than 2 pips from that level , 1.3830 and hold , it should go up to 1.3852 and that is the break out 2 in calculater with the target 1.3873.
My second target today 1.3852 reach. I take profit here and wait for break this level for the final target at 1.3873 , and looking for short at that level. Nice trade to all. Perfect system.
  • #2,502
  • Oct 28, 2010 2:18am Oct 28, 2010 2:18am
Good morning all.

Having begun to resent the activity during the hours I'm asleep, I had a look at the calculator after last night's NY close and the High Break Out 1 below the pivot suggested some pips from a long might be available. Still, I need sleep, so didn't take a long position.

This morning's resistance matches yesterday's from mid session and Break Out 2, so it looks like another interesting day.
  • #2,503
  • Oct 28, 2010 2:30am Oct 28, 2010 2:30am
http://www.forexfactory.com/showpost...postcount=2488

  • #2,504
  • Oct 28, 2010 3:42am Oct 28, 2010 3:42am
hello,

just want to remind us of one of the important feature of the calculator; the trend identifier...remember if we break the uptrend sentiment before new york open, price tends to stay in that direction throughout the session and if the downtrend sentiment is broken before new york open, price tend to stay in that direction throughout the session.
The World As It Is Can Do With Your Positive Disposition
  • #2,505
  • Oct 28, 2010 4:24am Oct 28, 2010 4:24am
Trend Identifier is at 1.3770, uptrend sentiment is at 1.3847; when broken by 10 pips before NY open, we should see more up
The World As It Is Can Do With Your Positive Disposition
  • #2,506
  • Oct 28, 2010 4:57am Oct 28, 2010 4:57am
I see the Trend Identifier Sentiment of 1.3770 on Daily Range Based Interpretation on the calculator V3.7, but not an Uptrend Sentiment of 1.3847 I'm afraid. Where is this shown?
  • #2,507
  • Oct 28, 2010 5:23am Oct 28, 2010 5:23am
Quoting Sheumais
I see the Trend Identifier Sentiment of 1.3770 on Daily Range Based Interpretation on the calculator V3.7, but not an Uptrend Sentiment of 1.3847 I'm afraid. Where is this shown?

Hold your mouse pointer over the shaded yellow section (Trend identifier sentiment)and see what happens ....
  • #2,508
  • Oct 28, 2010 5:23am Oct 28, 2010 5:23am
Quoting Sheumais
I see the Trend Identifier Sentiment of 1.3770 on Daily Range Based Interpretation on the calculator V3.7, but not an Uptrend Sentiment of 1.3847 I'm afraid. Where is this shown?
Hi Sheumais

Hover your mouse over the "Sentiment @" portion in yellow which then pops up a box with the info

Regards
  • #2,509
  • Oct 28, 2010 5:26am Oct 28, 2010 5:26am
D'oh! I'd completely forgotten about that. Thank you.
  • #2,510
  • Oct 28, 2010 5:39am Oct 28, 2010 5:39am
uptrend sentiment 3847 broken!...we shld remain bullish for NY session
The World As It Is Can Do With Your Positive Disposition
  • #2,511
  • Oct 28, 2010 7:51am Oct 28, 2010 7:51am
Now we have broken 1.3885 by 3 pips, should we expect it to finish the job and go to 1.3944?

Or should we expect it to go downwards again as we have broken close resistance for that candle from above, 1.3868 by 4 pips?

If anybody knows what we should expect price to do, that would be nice
  • #2,512
  • Oct 28, 2010 8:03am Oct 28, 2010 8:03am
Quoting TurboTommy84
Now we have broken 1.3885 by 3 pips, should we expect it to finish the job and go to 1.3944?

Or should we expect it to go downwards again as we have broken close resistance for that candle from above, 1.3868 by 4 pips?

If anybody knows what we should expect price to do, that would be nice
I'm targeting 1.3909 area as I expect a pretty good bounce off of this resistance level
  • #2,513
  • Oct 28, 2010 8:08am Oct 28, 2010 8:08am
Yesterday, according to 38.2% rule on the Yellow Fib in template3 we had to reach 1.3721, it didn't yet, may be later. Now, in uptrend we crossed from bellow also the 38.2%, expecting then to reach at least 1.3897 (76.4% on yellow fib). I have seen this kind of movement, but it is interesting also to think that if you trust so much this system and you hold a position that needs to be reached, that would be a BIG spread.
  • #2,514
  • Edited 8:50am Oct 28, 2010 8:15am | Edited 8:50am
Quoting aebab
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...
Hey Bobi..
I've input the close of many 1 hr candles from October into the calculator and here is what I've found. Most of the times, if Close_Resis and/or Close_50% are broken by at least 2 pips the corrosponding targets are met. The times that they don't meet the target is what interests me.

I have noticed that sometimes the targets have already been hit in the past within October. For example, the close of 3:00am 1hr candle on October 25 on FxPro is 1.4017. When I enter this number into the calculator, close value is already below Close_50%. This means we know price is going to reach Close_0% and it does. But before reaching Close_0%, it also breaks the Close_Resis by about 35 pips. That means it has to reach the Up_100% target as well. It hasn't reached the target to date. But if you go back to October 14 & 15th, the Up_100% (1.4121) was hit.

So, my question for you is that if the target price has been hit in the past, would that mean it's not guaranteed to be hit again in the future???

I beleive this is a good question and hope to get an answer from you or group members if they know the answer. Thank you once again for this lovely invention and contribution.
  • #2,515
  • Oct 28, 2010 8:20am Oct 28, 2010 8:20am
Quoting Jeg
Yesterday, according to 38.2% rule on the Yellow Fib in template3 we had to reach 1.3721, it didn't yet, may be later. Now, in uptrend we crossed from bellow also the 38.2%, expecting then to reach at least 1.3897 (76.4% on yellow fib). I have seen this kind of movement, but it is interesting also to think that if you trust so much this system and you hold a position that needs to be reached, that would be a BIG spread.

We were still holding a pending visit to 3897 from the 26th when price broke 38.2 from below around ny close , so i new we would see 3897 before 3700.
  • #2,516
  • Oct 28, 2010 8:39am Oct 28, 2010 8:39am
Quoting segaram
Hey Bobi..
I've input the close of many 1 hr candles from October into the calculator and here is what I've found. Most of the times, if Close_Resis and/or Close_50% are broken by at least 2 pips the corrosponding targets are met. The times that they don't meet the target is what interests me.

I have noticed that sometimes the targets have already been hit in the past within October. For example, the close of 3:00am 1hr candle on October 25 on FxPro is 1.4017. When I enter this number into the calculator, close value is already below Close_50%....

can not be guaranteed in forex. They are very accurate probability ...
  • #2,517
  • Oct 28, 2010 8:40am Oct 28, 2010 8:40am
Quoting segaram
Hey Bobi..
I've input the close of many 1 hr candles from October into the calculator and here is what I've found. Most of the times, if Close_Resis and/or Close_50% are broken by at least 2 pips the corrosponding targets are met. The times that they don't meet the target is what interests me.

I have noticed that sometimes the targets have already been hit in the past within October. For example, the close of 3:00am 1hr candle on October 25 on FxPro is 1.4017. When I enter this number into the calculator, close value is already below Close_50%....

This is a good question, which I have raised with one of the group members but for some reason we have not bought it to Bobi's attention. Once we have clarification it will be posted.
  • #2,518
  • Oct 28, 2010 8:48am Oct 28, 2010 8:48am
I`ve noticed too that there is a connection between (almost) everything that happens. But not every time. There are times where it doesn`t reach the level it should, IE 100% of UP for example.
  • #2,519
  • Oct 28, 2010 8:50am Oct 28, 2010 8:50am
As I mentioned in my previous post, I was waiting to see if we reach 1.3897 (76.4% on yellow fib), it just did to the pip, and that is what makes me nervous, should we hold on our positions to reach those "Rule targets" even after such big movements? I guess it becomes a matter of trusting the System? Could I get any feedback from Bobi's group members?, thanks.
  • #2,520
  • Oct 28, 2010 8:56am Oct 28, 2010 8:56am
Quoting Jeg
As I mentioned in my previous post, I was waiting to see if we reach 1.3897 (76.4% on yellow fib), it just did to the pip, and that is what makes me nervous, should we hold on our positions to reach those "Rule targets" even after such big movements? I guess it becomes a matter of trusting the System? Could I get any feedback from Bobi's group members?, thanks.
In my experience with this system, I have seen the targets get hit all the time evenutally, but sometimes it happens after a major drawdown. I've seen more than 300 pips drawdown before target getting hit. I may have missed something in my analysis, but I don't think that's the case.
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