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Aboonacci System - for EUR/USD prediction

  • #2,521
  • Oct 28, 2010 9:06am Oct 28, 2010 9:06am
Quoting TurboTommy84
Now we have broken 1.3885 by 3 pips, should we expect it to finish the job and go to 1.3944?
I didn't see any figure related to 1.3944. Would you please indicate? It's from template or calculator?
  • #2,522
  • Oct 28, 2010 9:06am Oct 28, 2010 9:06am
Jeg, why be nervous? If you have a good profit, bank it and go and do something else. The markets will be open for more tomorrow. One of the first things I was told when I started looking at investments was "A profit's not a profit until it's in your pocket."
  • #2,523
  • Oct 28, 2010 9:24am Oct 28, 2010 9:24am
Quoting Sheumais
Jeg, why be nervous? If you have a good profit, bank it and go and do something else. The markets will be open for more tomorrow. One of the first things I was told when I started looking at investments was "A profit's not a profit until it's in your pocket."
You are 100% right Sheumais, my thought came from post #2486 from Gisela, if you had a position at the time, expecting to reach that target, what should she do?
  • #2,524
  • Oct 28, 2010 9:25am Oct 28, 2010 9:25am
Quoting sam2vt
I didn't see any figure related to 1.3944. Would you please indicate? It's from template or calculator?
If you recalculate the close as Bobi said earlier in the thread, you will get new values of where price is headed. If you recalc the 14.55 close, it`s at 1.3842. That gives close 100% of 1.3885 which we reached a bit later, then UP 0% of 1.3885, UP resistance of 1.3909, which happens to be a "trouble" area for price as of now, and in addition a candle closing, with UP50% of 1.3914 and UP 100% as 1.3944. Hope it helps.
  • #2,525
  • Oct 28, 2010 9:34am Oct 28, 2010 9:34am
Quoting Jeg
You are 100% right Sheumais, my thought came from post #2486 from Gisela, if you had a position at the time, expecting to reach that target, what should she do?
Ouch! I hope it was closed. I tend to have tight stop losses, so would have been stopped out long ago.
  • #2,526
  • Oct 28, 2010 9:34am Oct 28, 2010 9:34am
As a habitual lurker on FF and specifically this thread upon creation, those swing levels are spooky accurate. Tagged 3909 and retreating quickly. I have dabbled in the scalping trades in the last couple of days. I am still stunned.

The only thing that is missing is a concrete method to this madness. I feel like I'm just "lucky."
  • #2,527
  • Oct 28, 2010 9:43am Oct 28, 2010 9:43am
And now price stopped at 1.3914 exactly! One thing seems to be though, that it`s not certain it will go to UP 100% at that time, unless it breaks UP 50%.

Example. The 10.30 M30 candle yesterday closed at 1.3800. Recalculating the close, says that Close RES is 1.3809, Close 100% is 1.3826, UP 0% is of course same as close 100%, UP res is 1.3850 and UP 50% 1.3855. The high was 1.3853, did not break the UP 50%, before it went down to 1.3734 finally, and did not hit UP target of 1.3885 until today.

Bobi can hopefully explain this though, but just an example that to me seems "weird".
  • #2,528
  • Oct 28, 2010 10:27am Oct 28, 2010 10:27am
Quoting TurboTommy84
If you recalculate the close as Bobi said earlier in the thread, you will get new values of where price is headed. If you recalc the 14.55 close, it`s at 1.3842. That gives close 100% of 1.3885 which we reached a bit later, then UP 0% of 1.3885, UP resistance of 1.3909, which happens to be a "trouble" area for price as of now, and in addition a candle closing, with UP50% of 1.3914 and UP 100% as 1.3944. Hope it helps.
I used H: 1.3846, L: 1.3836 C: 1.3842 and got the figures as mentioned. Thank you very much. Any reason you choose the 14.45 (I assumed 14.55 is typo error, please correct me if am wrong) close candle for recalculation? Because it is 1st swing low after NY open?
  • #2,529
  • Oct 28, 2010 10:35am Oct 28, 2010 10:35am
Quoting sam2vt
I used H: 1.3846, L: 1.3836 C: 1.3842 and got the figures as mentioned. Thank you very much. Any reason you choose the 14.45 (I assumed 14.55 is typo error, please correct me if am wrong) close candle for recalculation? Because it is 1st swing low after NY open?
You don`t need High or Low for the swing breakout. Only the close value. 14.55 is the 5m candle Close is the same so it doesn`t matter.

Just random. Because you can calculate the close of each candle.
  • #2,530
  • Oct 28, 2010 10:39am Oct 28, 2010 10:39am
And 1.3944 just like the calc said
  • #2,531
  • Oct 28, 2010 10:43am Oct 28, 2010 10:43am
Quoting TurboTommy84
And now price stopped at 1.3914 exactly! One thing seems to be though, that it`s not certain it will go to UP 100% at that time, unless it breaks UP 50%.

Example. The 10.30 M30 candle yesterday closed at 1.3800. Recalculating the close, says that Close RES is 1.3809, Close 100% is 1.3826, UP 0% is of course same as close 100%, UP res is 1.3850 and UP 50% 1.3855. The high was 1.3853, did not break the UP 50%, before it went down to 1.3734 finally, and did not hit UP target of 1.3885 until today.

Bobi can hopefully explain this though, but just...
this is just my opinion from what i understand from the calculator;
that the levels calculated from the calculator may not necessarily reflect during a day's trade...

what i want to say is, for instance, if a calculation is done today for tomorrow's trade, those levels WILL be met but may not be the same day..it may happen the next day.

an example today was the daily power sentiment which had being broken from below...but this happened before the close of NY yet it was one of the reasons we saw on the calculator as an indication for bullish sentiment...again, this is just my personal opinion based on my own way of interpreting the calculator, others may disagree.

i want to suggest that as we progresses daily, take notes about the levels reached and the ones that were not reached, you'll find out soon that, eventually, all the levels are fully respected.

just my opinion...i stand to be corrected.
The World As It Is Can Do With Your Positive Disposition
  • #2,532
  • Oct 28, 2010 10:58am Oct 28, 2010 10:58am
I agree. The point is that we need to know for certain which levels actually will be met or not if it breaks this and that.

Take 15.oct for example, according to the calculator it passed UP 50% of 1.4150, but stopped at 1.4158 which is 1pip below 23.6 of that phase. If someone took a long position above UP 0% or UP res, of 1.4121 and 1.4145 respectively, Or maybe even UP 50% of 1.4150 expecting it to reach 1.4180, then he or she could be in big trouble as price dropped over 200pips in that day after that! That would be a major loss for anyone if you don`t pay attention or don`t have stoploss because often the price will go down some before it continues up to target, to prevent you from getting stopped out before price goes up.
  • #2,533
  • Oct 28, 2010 10:59am Oct 28, 2010 10:59am
Quoting crodzilla
As a habitual lurker on FF and specifically this thread upon creation, those swing levels are spooky accurate. Tagged 3909 and retreating quickly. I have dabbled in the scalping trades in the last couple of days. I am still stunned.

The only thing that is missing is a concrete method to this madness. I feel like I'm just "lucky."
No Crodzilla,

This system Rocks. I have been trading this system for a while. I can tell you Bobi is a Godsend . Aboonacci is so accurate, it is just unbelievable.
  • #2,534
  • Oct 28, 2010 11:21am Oct 28, 2010 11:21am
Quoting TurboTommy84
I agree. The point is that we need to know for certain which levels actually will be met or not if it breaks this and that.

Take 15.oct for example, according to the calculator it...
now i understand your point but that is the reason why, we, as a matter of importance; and i cannot emphasize this enough, must look at other factors on the calculator to either continue after a target has being hit.

this is why Bobi said we could re-calculate after a target has being hit to determine continuation of current trend or otherwise.

the times we can re-calculate are;
1. when a target has being hit

2. when NY closed

3. before the opening of a new session

4. when we have recent swing high/swing low

or as Bobi once said, we could re-calculate at the end of every 4hrs candle.

the purpose of re-calculation is to guide against the situation you described above.
The World As It Is Can Do With Your Positive Disposition
  • #2,535
  • Oct 28, 2010 11:24am Oct 28, 2010 11:24am
1.3944 is the target from the calculator.
Attached Image
  • #2,536
  • Oct 28, 2010 11:26am Oct 28, 2010 11:26am
Quoting TurboTommy84
I agree. The point is that we need to know for certain which levels actually will be met or not if it breaks this and that.

Take 15.oct for example, according to the calculator it...
My opinion too
  • #2,537
  • Oct 28, 2010 11:38am Oct 28, 2010 11:38am
Quoting liberty71
now i understand your point but that is the reason why, we, as a matter of importance; and i cannot emphasize this enough, must look at other factors on the calculator to either continue after a target has being hit.

this is why Bobi said we could re-calculate after a target has being hit to determine continuation of current trend or otherwise.

the times we can re-calculate are;
1. when a target has being hit

2. when NY closed

3. before the opening of a new session

4. when we have recent swing high/swing low

or as Bobi once said, we...
Try entering a close value of any timeframe candle. Check the Swing Breakout values the calculator gives you back. Now try entering a value several pips higher or lower than the close value you just entered. You should notice the Swing Breakout values NOT changed. All the Swing Breakout values the calculator gives are resistance and support levels. Generally, as one level gets broken, price should reach the next one and so on.

Rightnow, price reached as high as 1.39445. Price will eventually reach 1.4003 since it already broke above 1.3927 (Close_Resis), but when, we can't say. Price has to break 1.3944 by at least 2 pips to go to the next resistance level, 1.3968. But before breaking 1.3944, if it breaks down below 1.3911 (Close_50%), we might get to 1.3857 (Close_0%) before going back up to 1.4003.

This is just my interpretation. Please correct me if I'm wrong.
  • #2,538
  • Oct 28, 2010 11:42am Oct 28, 2010 11:42am
Quoting liberty71
now i understand your point but that is the reason why, we, as a matter of importance; and i cannot emphasize this enough, must look at other factors on the calculator to either continue after a target has being hit.

this is why Bobi said we could re-calculate after a target has being hit to determine continuation of current trend or otherwise.

the times we can re-calculate are;
1. when a target has being hit

2. when NY closed

3. before the opening of a new session

4. when we have recent swing high/swing low

or as Bobi once said, we...
I see. Weird thing is though, that my 1H candle and 5m candles for those values show differently. My 1H/M30/M15 candle shows a high of 1.4151 while 5m candle shows a high of 1.4158

That would explain everything as it did not pass 2pips above UP 50%, thus not reaching 1.4180. Same as before when it did not pass UP 50% it did not reach UP 100% (until the day after that is).

Thanks.
  • #2,539
  • Oct 28, 2010 11:45am Oct 28, 2010 11:45am
Quoting segaram
Try entering a close value of any timeframe candle. Check the Swing Breakout values the calculator gives you back. Now try entering a value several pips higher or lower than the close value you just entered. You should notice the Swing Breakout values NOT changed. All the Swing Breakout values the calculator gives are resistance and support levels. Generally, as one level gets broken, price should reach the next one and so on.

Rightnow, price reached as high as 1.39445. Price will eventually reach 1.4003 since it already broke above 1.3927 (Close_Resis),...
thanks your write-up is a simplified version of what i was trying to say.

and as the saying goes...SIMPLICITY IS THE BEST FORM OF EXPRESSION...thanks for simplifying it.
The World As It Is Can Do With Your Positive Disposition
  • #2,540
  • Oct 28, 2010 12:15pm Oct 28, 2010 12:15pm
Quoting Jeg
You are 100% right Sheumais, my thought came from post #2486 from Gisela, if you had a position at the time, expecting to reach that target, what should she do?
Quoting Sheumais
Ouch! I hope it was closed. I tend to have tight stop losses, so would have been stopped out long ago.

Je,je (now Im laughing!). Well, I did not close it until I noticed all levels in the up zone from calculator had reached the targets (ouch! -60 pips ). So, I re calculate levels and follow all entries in the zone. I made 75 pips +/- .

A hard lesson, but now I know re calculation maybe is the key, specially in a month like october that it was ranging and is the best scalp swings. And no matter what, calculator is amazing!
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