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Aboonacci System - for EUR/USD prediction

  • #2,861
  • Nov 2, 2010 4:59am Nov 2, 2010 4:59am
For anybody who looked at my post earlier re plotting a Fib between H and L BO.

If you check out the Fib extensions 127.2 1.3965 141.4 1.3977 and 161.8 1.3992 on a 5 min chart you will see that these were resistance levels to the pip.

Now considering those starting points for the 0 and 100 % were plotted off 2 figures from Bobis calculator I think that is pretty amazing really.

Hats off Bobi !!

V
  • #2,862
  • Nov 2, 2010 5:01am Nov 2, 2010 5:01am
Quoting trader91
Me too .

Trader91

Sorry, I answered too quickly !

I agree to the closing price (1.3955), but what are 1.3866 and 1.3881 candles please

Trader91
  • #2,863
  • Nov 2, 2010 5:03am Nov 2, 2010 5:03am
Quoting luckylady
Sorry my fault, typo. Should have been high of 1.3966
Ok, I understand better !
  • #2,864
  • Nov 2, 2010 5:03am Nov 2, 2010 5:03am
Quoting trader91
Sorry, I answered too quickly !

I agree to the closing price (1.3955), but what are 1.3866 and 1.3881 candles please

Trader91
Should have been 3966 for the high as I posted above, 1.3881 is the low of today.
  • #2,865
  • Nov 2, 2010 5:24am Nov 2, 2010 5:24am
Thanx for this wonderful system. I was watching from few days. I,m still studying the templates, documents and calculator.
I,m trading according how i understanding things from calculator.
And i think, there is so much learn from calculators yet.

Today taken trade long 3918 TP 3978 SL 3910. I entered trade using the Daily interpretation module of calculator & template 4 & 3. High Breakout 1 at 3913. (calculated from yesterdays HLC).
Thank you once again, Bobi. Cheers to everyone who is contributing here, sharing their ideas and giving us a learning opportunity.
I will keep posting my trades regularly.

KM
  • #2,866
  • Nov 2, 2010 5:42am Nov 2, 2010 5:42am
Quoting DrLobo
(alot of people are talking shorts here why ?)

PA has this morning broken through 38.2%. Therefore the Aboonacci system says that we are heading for

1) 3989 (76%)
2) Then maybe 4020(100%)

So to use this system, find a place to go long.
The reason is that the long term Power 4 template broke down 74 fib line which Bobi indicated yesterday. The price should hit the 0 fib line at 1.3761.
  • #2,867
  • Nov 2, 2010 5:43am Nov 2, 2010 5:43am
Hi LuckyLady

I don't understand why you are re-calculating using todays HL at a certain time point.

I thought the whole point of the calculator is that todays PA and the calculator results are based off the previous days range.Therefore surely only the closing price should be changed as the HL for previous day remain constant.

That is the way I've seen FXMajors re-calculate and it's the way I re-calculate.So H 1.4010 L 1.3863 and C = current price

Perhaps Bobi could provide some clarification on this.

Thanks


V
  • #2,868
  • Edited 6:22am Nov 2, 2010 6:11am | Edited 6:22am
Quoting Villonius
Hi LuckyLady

I don't understand why you are re-calculating using todays HL at a certain time point.

I thought the whole point of the calculator is that todays PA and the calculator results are based off the previous days range.Therefore surely only the closing price should be changed as the HL for previous day remain constant.

That is the way I've seen FXMajors re-calculate and it's the way I re-calculate.So H 1.4010 L 1.3863 and C = current price

Perhaps Bobi could provide some clarification on this.

Thanks


V
We calculate like that at the end of the Asian session because it takes into account the whole of it, to see where we stand now thats how bobi taught us to calculate the Asian session end.
  • #2,869
  • Nov 2, 2010 6:28am Nov 2, 2010 6:28am
No wonder people are confused we don't have one set of rules.. I made a comment yesterday I was told Bobi asked us to explore the calculator which is ok I am not against learning, as you may have noticed everyone post different calculations of there own invented methods which throws everyone off. Then you guys complain about spamming the thread with STUPID questions. I give up.

The chosen one's from this group to mediate are not the BRIGHTEST pun intended.
  • #2,870
  • Nov 2, 2010 6:39am Nov 2, 2010 6:39am
With so many figures in the calculator with everyone intrepeting them differently while at the same time all re-calculating through the day its causing massive confusion.

Will there ever be a set of rules laid out or are we to just carry on as we are?
  • #2,871
  • Nov 2, 2010 6:40am Nov 2, 2010 6:40am
Quoting rumpfunk
With so many figures in the calculator with everyone intrepeting them differently while at the same time all re-calculating through the day its causing massive confusion.

Will there ever be a set of rules laid out or are we to just carry on as we are?
I doubted mate.. don't hold your breath.
  • #2,872
  • Nov 2, 2010 6:43am Nov 2, 2010 6:43am
Quoting luckylady
We calculate like that at the end of the Asian session because it takes into account the whole of it, to see where we stand now thats how bobi taught us to calculate the Asian session end.
Can anyone provide the exact time zones (as per FX PRO on which system based) of opening and closing of each exchange i.e. Japan, Ausie, UK & NY? It will be good thing. As far i know NYSession close timing is 23:45 as per FX pro.

Thanx!

KM
  • #2,873
  • Nov 2, 2010 6:48am Nov 2, 2010 6:48am
hi...

after we re-calculate, we have a pullback signal @1.3946, and this isn't broken yet.

so..that mean the price tend to be reversed and go long again.....???

how far the price will come rise???

Thx b4

~regards~
  • #2,874
  • Nov 2, 2010 6:52am Nov 2, 2010 6:52am
Quoting Killermaster
Can anyone provide the exact time zones (as per FX PRO on which system based) of opening and closing of each exchange i.e. Japan, Ausie, UK & NY? It will be good thing. As far i know NYSession close timing is 23:45 as per FX pro.

Thanx!

KM
http://www.forexmarkethours.com/GMT_hours/02/
  • #2,875
  • Nov 2, 2010 6:53am Nov 2, 2010 6:53am
Yes I agree FXMajors.

I don't think there has been a major revision to the pdf rules for a long time.I'm sure at least 3 different versions of the calculator have come and gone since then.

I don't remember seeing a post where Bobi advised to re-calculate at the end of the Asian session using the H and L of that session.That makes no sense to me.Why recalculate using the HL of a usually low volume session to see direction for the big volume LNY sessions ? Bizarre.

By all means take the close of that session and do a re-calculation using previous days HL.As I said that is what I have seen you do and that is what I do.

Perhaps it is time that one of the members of Bobis group did a rules update.Perhaps Bobi could ok them as correct when completed.

I fully understand that members of Bobis group are also Traders but I thought their role as members of the Group was to dispense information about the application of Bobi's method thereby freeing him from that responsibility and freeing up his time to focus on what he needs to do to make his life run fluently.

The main point I think should be addressed is the use of the new calculator and especially the area of re-calculation which judging from the numerous posts is definitely an area of confusion.

An updated set of rules would also address the number of basic questions from newbies which have already been covered to which the reply would be go read the rules ! I've spent some time re-reading them recently and it has been time well spent.

Anyway thats my 2p worth.

Thanks


V
  • #2,876
  • Nov 2, 2010 6:53am Nov 2, 2010 6:53am
Quoting FXMajors
No wonder people are confused we don't have one set of rules.. I made a comment yesterday I was told Bobi asked us to explore the calculator which is ok I am not against learning, as you may have noticed everyone post different calculations of there own invented methods which throws everyone off. Then you guys complain about spamming the thread with STUPID questions. I give up.

The chosen one's from this group to mediate are not the BRIGHTEST pun intended.
hi everyone,

good day to everyone, i do respect bobi's hard work on this system, but i do agree FxMajors's comment as too many figures and rules(may be i m not clear enough)in this thread,so hope Abo's Well-Experienced Group Member can combine a set of rules to follow... there is no offence to others...if i m wrong,hope anyone can comment on it...as learning is much more important than arguing... then still, i salute on this great system!
  • #2,877
  • Nov 2, 2010 7:01am Nov 2, 2010 7:01am
Power 3 says we are going up.
So are you saying that the two templates are contradicting each other.

I dont think we are going down to that 3761 anytime soon especially with QE tomorrow

Quoting a24ali
The reason is that the long term Power 4 template broke down 74 fib line which Bobi indicated yesterday. The price should hit the 0 fib line at 1.3761.
  • #2,878
  • Nov 2, 2010 7:06am Nov 2, 2010 7:06am
My understanding of the rules is you should only recalculate when there is a gap on opening on Monday morning and intra-day recalculation is only for those who are swing trading.
  • #2,879
  • Nov 2, 2010 7:07am Nov 2, 2010 7:07am
If you accept Power 3 is for the shorter term and Power 4 is for the longer term, it is possible for there to be a contradiction, especially in volatile markets.
  • #2,880
  • Nov 2, 2010 7:19am Nov 2, 2010 7:19am
Hi Sheumais

The crucial question here appears to be when doing the re-calculation for Intra Day Swing Traders do you keep the previous day HL and only change the Close to match up with whatever point you are re-calculating ?

I'm not sure if you are a member of Bobis group but if you are what about the request for an updated set of rules that I and quite a few others on here have asked for (not just for my benefit either) ?

I'm not against playing with the calculator or spending my time re-reading the thread and original rules (which has proved quite productive) but there are quite a few gaps at present.


Regards


V
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