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Aboonacci System - for EUR/USD prediction

  • #2,641
  • Oct 29, 2010 2:08pm Oct 29, 2010 2:08pm
Thanks Bobi. Any explanation as to why price stopped at 1.3807 instead of continuing to the next breakout level?
  • #2,642
  • Oct 29, 2010 2:37pm Oct 29, 2010 2:37pm
It has broken 1.3814 in uk 1.3807 sesion. It should go down? But it reversed and made uptrend fo NY session. Also broked down support? And didnt get til 0.
Attached Image (click to enlarge)
Click to Enlarge Name: down trend sentiment.jpg Size: 244 KB
  • #2,643
  • Oct 29, 2010 2:56pm Oct 29, 2010 2:56pm
Quoting Upas
It has broken 1.3814 in uk 1.3807 sesion. It should go down? But it reversed and made uptrend fo NY session. Also broked down support? And didnt get til 0.
1st-(Down trend identifier sentiment) it was not broken because 10 or 7 pips (golden number) pips was not passed .
2nd- How many times I should emphasis that this is a swing break out not normal breakout . swinging means it can go up and down . even recalculation at 12:00 can let you know what to do . just do what I did for 12:00 and see the results
Learn to walk before you run
  • #2,644
  • Oct 29, 2010 3:23pm Oct 29, 2010 3:23pm
Quoting Villonius
FX yes that makes sense.I get the same figures when entering the 1.3815 Down Trend Sentiment figure.

So basically the re-calcualted range is 1.3826 - 1.3739

1st test is 1.3809 at the 61.8 if fails that will likely test the 38.2 fib at 1.3770

I think one of the problems why people struggle a bit with understanding this is the labelling of levels as support and resistance.

For example labelling the Close_Resis. Why resistance? As far as I can see this is more like a support level as Pullback Signal is here and that says should not...
Labeling is correct. There is meaning with that . Resistance level is very important , but sometimes close is higher than that and it means the price should not come below close_50% if it wants to have good and regular trending.

Quote
By the way that is another confusing thing.Bobi says 2 pips is sufficient for a level to be broken so if price reaches 1.3806 we can consider that broken.
BUT Pullback level there says broken is 10 pips so which figure do you take?
V
2 pips is for main areas . read my last post to get what I mean
Learn to walk before you run
  • #2,645
  • Oct 29, 2010 3:31pm Oct 29, 2010 3:31pm
Today is the last trading day for October and I will upload the calculator for next month before the market is opened and also I will provide those two points that I showed for High and Low breakouts in the software

Have a good weekend
Learn to walk before you run
  • #2,646
  • Oct 29, 2010 4:18pm Oct 29, 2010 4:18pm
Quoting crodzilla
3944 has come up quite a bit on the calculator, as a target.

(I just can't stop playing with this thing... I hope I don't get fired.)


Oh snap!! Nice close! Don't mind if I pat myself on the back...
  • #2,647
  • Oct 29, 2010 4:46pm Oct 29, 2010 4:46pm
Bobi, I tried your breakout trick you mentioned a couple of posts up. I put HLC for Oct 25 in, and both High and Low breakouts are above the open of 26 Oct. What does that mean?
  • #2,648
  • Oct 29, 2010 5:02pm Oct 29, 2010 5:02pm
well this is result of complete amatuer trading it for a week and holding onto trade way longer than I should of, lucky? quite likely, but if I can do 25% of this most of the time then im happy. I find the recalculations confusing, but ill keep on at it thx all, ill be back after next week is done.

£500 live account I can afford to blow
Attached Image (click to enlarge)
Click to Enlarge Name: week1.jpg Size: 127 KB
  • #2,649
  • Oct 29, 2010 5:03pm Oct 29, 2010 5:03pm
Hi bobi,

First of all thank you for all the work you have put into this I'm sure you have opened the eyes to a lot of people to see the structure behind the Market. The only thing I could suggest is that Maybe a comprehensive manual be compiled because it's very obvious by reading the last 20 pages that people intrepet the whole idea in many ways.

Regards

Rump.
  • #2,650
  • Oct 29, 2010 11:09pm Oct 29, 2010 11:09pm
Thanks for your method, i realy enjoy trading with this method. I just using a 10 pips target & this is the best method i ever had.

Thanks again.

http://i937.photobucket.com/albums/a...tatement-1.gif
  • #2,651
  • Edited 2:22am Oct 30, 2010 1:16am | Edited 2:22am
Quoting aebab
1st-(Down trend identifier sentiment) it was not broken because 10 or 7 pips (golden number) pips was not passed .
2nd- How many times I should emphasis that this is a swing break out not normal breakout . swinging means it can go up and down . even recalculation at 12:00 can let you know what to do . just do what I did for 12:00 and see the results

... pls, can anybody say why price stopped at 1.3807?
And I dont understand what calculations i must do in 12:00. What HLC I need to take for that (12:00).
  • #2,652
  • Oct 30, 2010 7:50am Oct 30, 2010 7:50am
Hi Bobi

Thanks for your feedback and comments.I did the recalculation at 12 GMT based on that close.Results were very interesting.Drawing a Fib on the H and L breakouts provides some levels which continually acted as support and resistance.

I would to suggest to anyone else following this particular method that they also plot the stand fib extensions as 118.0, 127.2 and 161.8 were significant levels as well.

I presume there will also be a new November Power 3 and Power 4 Template as well an updated calculator.

Thank you once again for sharing your findings and all the hard work you have put into developing the software and replying to posts in this thread.

Regards


V
  • #2,653
  • Oct 30, 2010 8:17am Oct 30, 2010 8:17am
we all have price levels to trade with... and there is bobi's levels.......
12GMT re-calculation is a must
guys.......
try it....
  • #2,654
  • Oct 30, 2010 8:49am Oct 30, 2010 8:49am
Hello Bobi Abonacci,

Looking forward to work with the new Abonacci Power3 Template and the
accurate Calculator for next month november.

Many thanks in behalf of all traders here on Forex Factory for giving a new insight in forex trading.
I hope that you can keep it up a very long time.

eTrader,
  • #2,655
  • Oct 30, 2010 2:52pm Oct 30, 2010 2:52pm
Quoting crodzilla
Bobi, I tried your breakout trick you mentioned a couple of posts up. I put HLC for Oct 25 in, and both High and Low breakouts are above the open of 26 Oct. What does that mean?
bearishness.
but the method is conditional and in some conditions you should change your points. so better to leave it for next version . I just wanted to show you that playing with the software can make you some results different than the others
Learn to walk before you run
  • #2,656
  • Oct 30, 2010 3:12pm Oct 30, 2010 3:12pm
Quoting eTrader
Hello Bobi Abonacci,

Looking forward to work with the new Abonacci Power3 Template and the
accurate Calculator for next month november.

Many thanks in behalf of all traders here on Forex Factory for giving a new insight in forex trading.
I hope that you can keep it up a very long time.

eTrader,
Thanks alot.
I will upload the software tomorrow and Power 3 Template was created last night but I was waiting for those who were claiming that have found the formula and were giving everything in their name let the others know what will be the base line and the range. They made this thread messy for a while and betrayed the other traders in this thread!
Learn to walk before you run
  • #2,657
  • Oct 30, 2010 3:13pm Oct 30, 2010 3:13pm
Please download the Abonacci Power3 template for November.
Attached File(s)
File Type: tpl Abonacci_Nov2010_Power3.tpl   13 KB | 713 downloads
Learn to walk before you run
  • #2,658
  • Edited 3:35pm Oct 30, 2010 3:22pm | Edited 3:35pm
Quoting aebab
Please download the Abonacci Power3 template for November.
Thank you for sharing your system with us, your system has open our minds towards new way of trading and analyzing the market. Would you be kind enough to tell us what is the Phase Range for NOV?

Thanks in advance
Cheers
  • #2,659
  • Oct 30, 2010 3:38pm Oct 30, 2010 3:38pm
Quoting FXMajors
Thank you for sharing your system with us, your system has open our minds towards new way of trading and analyzing the market. Would you be kind enough to tell us what is the Phase Range for NOV?

Thanks in advance
Cheers
its in the template . Have a look . The range is 127 pips
and also a good sell is on the way
Learn to walk before you run
  • #2,660
  • Edited 5:20pm Oct 30, 2010 3:53pm | Edited 5:20pm
Quoting aebab
its in the template . Have a look . The range is 127 pips
and also a good sell is on the way
I think I spoke to soon without looking at the chart. All the answer's are on the chart and within the calculator if we look hard enough we can find the answers. Appreciated

Thanks
Cheers
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