Aboonacci System - for EUR/USD prediction

I have read them, and very impressed To be honest, there are lots of different ways of calculating and using different h/l/c figures its surprising what you can come up with. I think its good for people to try the different ways and find a way that makes perfect sense to them to trade it, bearing in mind of course the fundamentals, for instance, does the overall picture look bullish or bearish (as a guide) what does the trend identifier say, is it higher or lower than the price we closed at, general things like that and then treat the levels as exceptionally accurate support and resistance to a particular target.

On the word document that I think ( KDX ??) put out it said if the pullback signal is higher than the pullback level is a strong place to buy... figures i am using gave signal at 1.3809 and level at 1.3783.. has now rallied to 1.3850 ... Have I understood this correctly?

Yes you have read it correctly. The level being underneath the signal acts as support for the buy signal and with your stop loss tucked behind the level it has a very high success rate in backtesting.

Hi all
Any help would be appreciated..
I have downloaded all the attachments in the original post but every time I try to run or open the execution file I get the following error.

""" AbonacciPivot.exe has encountered a problem and needs to close. We are sorry for the inconvenience. """.
It appears to be a microsoft problem?
I have tried to run the program on different computers and still have the same problem.
Any ideas?
Thank you
emtee

Hi LuckyLady

Thanks for your comments.I'm not sure I agree that the labelling is as logical as you believe otherwise there would probably less confusion in this thread since the new calculator was posted

I think there has been a tendency to focus on figures and methods rather than explaining at a basic level what the calculator is trying to show.

For example in the Swing Breakouts area.

The light grey area is the Bullish Area.The close 1.3929 is just above 1.3927 Close_Resis.Its also above the DP 1.3885 and Trend Identifier at 1.3899 but for me that is just about clinging onto Bullish Tone esp as 1.3944 is just below the 61.8 fib reversal on the previous day big move down.

When price continues to move down and breaks the 1.3899 TIS before the UK session opens that says for me UK session bearish and now the Dark Grey Down Levels come into play.

BUT and this is the thing that may confuse some people what exactly is the Close_ range supposed to represent? Part of it is in the Bullish area and part below but not in the Bearish Section.

Kind of a no mans land intermediate stage ?The levels themselves are fine I understand they represent 61.8 and 38.2 levels of the Close_ range.Can you see how the labelling and how some of Close_ is in bullish area and some not might be a bit confusing for people?

Finally a question.Down Trend sentiment at 1.3815 was broken after 900 GMT as pointed out by a couple of posters.This indicates a bearish tone to the US Session.
I assume a recalculation just before US session opens based on closing price would be prudent?

Thanks in advance.

V

1. to say that abonacci calculator is great tool

2. you don't have to take every trade

3. "analyse" template with "TopTrend" indicator those 2 and abonacci a lot of pips to come as you can see in attached images

trade well
prozor7

how long before and after statistics we can recalculate ?

Thank you for your reply. Good to see I am beginning to get this worked out.

You can recalculate any time you want. For instance after each 15 minutes candle if you have a new high or low, or if you and to see what is happening with the last candle close.
At this point, 1.3896, after recalculation, we have break the high break out 1 (1.3863), and the target is 1.3906

On the other way, we are exactly on the 38.2 white fibo on power 3 template. So in this point the market is very instable. Let’s see what the new will bring to us.

I understand that this system is confusing to some people especially since the new swing breakouts came out, although they are much more accurate, which is why I tried to break it down in an earlier post by saying that if we think of all the figures in the swing breakouts as extremely accurate support and resistance levels either moving up or down then its by far easier to interpret.

As far as I know, the mid grey colour is a sort of neutral area where it could really go either way and is neither very bullish or very bearish, if price is there, you need to look to the other figures in the calculator to give you an overall bias for the day/session.

Its definitely prudent to recalculate especially after it has been quite a large move down during Asia and London, just to check on ranges or possible pullbacks etc.

Ok, so I was complaining earlier about not knowing what would happen before the session started...

Bobi, am I getting closer to the truth of the market??? Or am I just lucky?

I setup as normal... let the pictures speak. Target was hit +1 pip.

Hi Guys,

Is the 1.3814 level considered broken today in the London market? The price hit low of 1.3806 before retraced back with a big Bull candle in the 1H chart?

By how many pips should the level of 1.3814 consider broken?
After the level is break, how should one enter the market?

Any advice to a newbie?

Thanks,
M

if you put following numbers (14:05 GMT+1) in to abonacci calculator
H = 1.3951
L = 1.3806
C = 1.3863
instruments are working

and you have 1.3914 nice target to short

Could anybody tell me why price stopped at 1.3917? Atleast for now that is?

I think I know the answer

low break out 1 was 1.900 with 1.916 target ? lol

I might be wrong, and that it`s just a coincidence, but daily power sentiment was 1.3917 for the last H4 candle, it hit that, didn`t break it, so we will not hit close resistance of 1.3927 or UP res of 1.3968 which was the "target" for DPS of the last H4 candle. I might be wrong, but the numbers add up

we broke the down trend sentiment before NY open also you should notice

Well, I notice 1.3917 is 76.4 fibo for downtrend from 1.3951 (high at open) to 1.3806 (low).

Something else that you can share with us?

I know. So that means price should be heading down to it`s former "targets" when NY opens? Or will it continue up. So many numbers my head is spinning.