Thanks Bobi. Any explanation as to why price stopped at 1.3807 instead of continuing to the next breakout level?
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DislikedIt 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.Ignored
DislikedFX 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...Ignored
DislikedBy 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?
Disliked3944 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.)Ignored
Disliked1st-(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 resultsIgnored
DislikedBobi, 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?Ignored
DislikedHello 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.
DislikedPlease download the Abonacci Power3 template for November.Ignored
DislikedThank 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
Dislikedits in the template . Have a look . The range is 127 pips
and also a good sell is on the wayIgnored