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Aboonacci System - for EUR/USD prediction

  • #2,801
  • Nov 1, 2010 11:09am Nov 1, 2010 11:09am
Quoting neltonbenke
Dear Bobi
The pullback today is 1.3883 and 1.3821 can reach break (highlighted red).
1.3897 and 50% broken Dow reaches 0% 1.3809
Could you explain those values, they are very close but which is more reliable then.
Thank you.
why do you have 1.3922 as a close?am i missing something?
  • #2,802
  • Nov 1, 2010 11:22am Nov 1, 2010 11:22am
Quoting LolCat
how much can price retrace from 1.387ish? anyone wants to guess?

1.3907 is 50% fib from last retrace

If we draw using the basic rules, price now is on new phase. From that, we get high reversal on around 1.3905 and low reversal on around 1.3823.

Just now I played with my calculator and input 1.3863 (the lowest price) as Close, and the result is :
Close 50% --> 1.3907
Close _supp -> 1.3884 (of which, right now, the price seems hang around this resistance).
Down_Supp --> 1.3825.

Giving 7 pips from 1.3905 will give me 1.3898. I think the price will hold on this level. Afterall, it is around high reversal level.

While for down-road, we might be aware of 1.3825/1.3823 as Low reversal level. Giving 7 pips from this will give us 1.3832/1.3835 (plus spread for Buy) as TP for Sell Position, considering, price might hang around on this level.

How do you think?
  • #2,803
  • Nov 1, 2010 11:33am Nov 1, 2010 11:33am
Quoting viocable
If we draw using the basic rules, price now is on new phase. From that, we get high reversal on around 1.3905 and low reversal on around 1.3823.

Just now I played with my calculator and input 1.3863 (the lowest price) as Close, and the result is :
Close 50% --> 1.3907
Close _supp -> 1.3884 (of which, right now, the price seems hang around this resistance).
Down_Supp --> 1.3825.

Giving 7 pips from 1.3905 will give me 1.3898. I think the price will hold on this level. Afterall, it is around high reversal level.

While for down-road, we...
i very much agree with your interpretation,btw pa is already at 1.3894,probably next candle could be good place to go short
  • #2,804
  • Nov 1, 2010 11:56am Nov 1, 2010 11:56am
Quoting crodzilla
Once a good method is established... trading binaries would be very profitable using abonacci... no?
Curious... when you say binary, do you mean hedging?
  • #2,805
  • Nov 1, 2010 11:56am Nov 1, 2010 11:56am
Quoting FXMajors
The man himself talked about 76.4 rule on one of his post yesterday you can see that on the chart. Proof is in the pudding.Whats so difficult not to understand. Stick to the rules let the trade come to you. Stop racking your brains, every other post I read on the thread people are trying to predict the market. This is not a contest. Many of us are full time traders, we do post our comments etc when we are not in a trade or have something to contribute.
how do you want to learn if you dont post your ideas and compare them to the ideas of other traders?

i have few basic rules too,which works for me but i want to know more,even if it means trying to interpret every move
  • #2,806
  • Nov 1, 2010 12:47pm Nov 1, 2010 12:47pm
Hi,just my 5 cents..
1.3895/00 area should now act as resistance ..
Read from calculator-"there is keypoint 1.3837,if broken it will have tendency toward 1.3781."
It is month inerpretation is important,remember before it broke 1.3740 and reached 1.3940 two times!
Thanks.
  • #2,807
  • Nov 1, 2010 12:51pm Nov 1, 2010 12:51pm
Quoting LolCat
why do you have 1.3922 as a close?am i missing something?
so the closure of a candle 15m
  • #2,808
  • Nov 1, 2010 1:09pm Nov 1, 2010 1:09pm
Hi FXMajors

Re your comments about 76.4 Fib that Bobi mentioned. Wasn't that on the P4 Template.I'm sure he showed price broken below the 23.6 and suggested that when 76.4 (reverse 23.6 level) is broken it indicates bearishness ? If I'm wrong my bad.

My understanding is that on the P3 Template it's the 38.2 and 61.8 which are the significant levels although can't argue with what happened today.76.4 - 76.4 within a few pips !

Regards


V
  • #2,809
  • Edited 3:25pm Nov 1, 2010 1:15pm | Edited 3:25pm
Quoting Gisela
Hey Bobi.. I would like to know which is the range of closing Fibonacci for november...

Thanks so much!!
I dont know if ur question has been answered yet but i would've thought the range for closing fib would be 74!?
  • #2,810
  • Nov 1, 2010 1:20pm Nov 1, 2010 1:20pm
Butterfly pattern on 4 h. eur-usd hint for big drop..
  • #2,811
  • Nov 1, 2010 1:58pm Nov 1, 2010 1:58pm
Dear Bobi
The figures are repeated .... is this correct??
Close is the closing session of the European
Attached Image (click to enlarge)
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  • #2,812
  • Nov 1, 2010 2:50pm Nov 1, 2010 2:50pm
Quoting segaram
Curious... when you say binary, do you mean hedging?
No. Binary contracts at NADEX.
  • #2,813
  • Nov 1, 2010 2:54pm Nov 1, 2010 2:54pm
Quoting FXMajors
There is nothing wrong wanting to learn more, first comprehend the basic's of his system, stop reinventing the rules of his methods. most of the inputs are way OFF from his original teaching.

Cheers
Bobi told us to play with the calculator, and that we may find our way ourselves. At least that is what I am doing. And, it seems that is what others are doing also. So, if someone finds a method that works, it is shared. Yes, there are rules. But the method is still a spotty idea, at best.

If you have a concrete method, then good for you. Most of us are still trying to find our way. Its not easy. But all good things aren't easy.
  • #2,814
  • Nov 1, 2010 3:07pm Nov 1, 2010 3:07pm
Quoting neltonbenke
Dear Bobi
The figures are repeated .... is this correct??
Close is the closing session of the European
Close on NY session. Which is in about 2 hours time, if im not mistaken.
When figures are repeated it means it's a strong support or resistace. (Correct me if im wrong).
  • #2,815
  • Nov 1, 2010 3:28pm Nov 1, 2010 3:28pm
Quoting uae_trader
Close on NY session. Which is in about 2 hours time, if im not mistaken.
When figures are repeated it means it's a strong support or resistace. (Correct me if im wrong).
Right, but the repeated values are above the UP_Resis which is 1.4022 and this is a value above the UP_50% and UP_100%.
It seems something wrong there, because the values are gradual and increase or decrease according to whether support or resistance.
  • #2,816
  • Nov 1, 2010 4:06pm Nov 1, 2010 4:06pm
Wow just got up hit tp again 14010 to 13865. Very nice! Thanks again bobi
  • #2,817
  • Nov 1, 2010 4:14pm Nov 1, 2010 4:14pm
Quoting neltonbenke
Right, but the repeated values are above the UP_Resis which is 1.4022 and this is a value above the UP_50% and UP_100%.
It seems something wrong there, because the values are gradual and increase or decrease according to whether support or resistance.
There's no problem with the figures, it simply pointed to that area as an important/major resistance area.
The World As It Is Can Do With Your Positive Disposition
  • #2,818
  • Nov 1, 2010 4:37pm Nov 1, 2010 4:37pm
Are we now using 6pm est (NY time) to get the HLC numbers for the day?
  • #2,819
  • Nov 1, 2010 4:44pm Nov 1, 2010 4:44pm
Quoting BJ1
Are we now using 6pm est (NY time) to get the HLC numbers for the day?
calculation will be in 15 mins ( 10pm GMT time)
  • #2,820
  • Nov 1, 2010 4:45pm Nov 1, 2010 4:45pm
Quoting BJ1
Are we now using 6pm est (NY time) to get the HLC numbers for the day?
Can anyone using Fx Pro data tell the H,L C please ?
N York , already closed 44 minutes ago.

Thanks.
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