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Aboonacci System - for EUR/USD prediction

  • #2,961
  • Nov 3, 2010 1:42am Nov 3, 2010 1:42am
Quoting kdx
Quite like that, however that's not from this method, not the the templates or the calculators pointed a buy there. So please if you are going to post methods of your own say so as otherwise it leads to more confusion on the thread.
I never posted a method. Just a trade that I took, and why. Pretty simple. Never did I suggest that anyone should take the trade.
  • #2,962
  • Nov 3, 2010 1:51am Nov 3, 2010 1:51am
I suspect we may be in for a rangy period today prior to the Economic Data and later FOMC Report.

Price closed at 1.4033 yest putting it just above the Trend Identifier and Below Daily Power.Also below Close_50% which to me acts as the Gateway to the Bullish Silver Levels.

We've already seen Close_0% (bottom of the Neutral Zone) not been threatened but came close and Close_50% get broken but no test of Close_Resis.

Therefore until we see a break of the Gateway North or Gateway South we are ranging.

Given the close I'd expect more pressure to the upside.

V
  • #2,963
  • Nov 3, 2010 1:57am Nov 3, 2010 1:57am
Quoting bonzer
It would be a combo of drawing fibs and connecting them with the numbers the calculator gives you drawing fibs correctly on swings within a day will give you a'lot of the same numbers that the calculator will. The high break out 1 4047 is obvious being the high of the day at 4045 this would be strong resistance lvl if this breaks price should go up, then looking to the template 38.2 area for a target of 4070. I would expect a good bounce off this lvl.
you should also watch 4052,its strong resistance,if its broken (10 pips) price tends to go up 42ish or at least previous high 4158,if this level falls 4400 is next target,so we have potential big moves in front of us

thats why today is kinda choppy,you have major points @4052,reversal point white fibo 38.2 @ 4075

i only enter long @ 4080 that should be safe,risky traders can go short @ 4075 looking for 20 pips

and i wont certainly go short today with QE in front of us

i hate days like these with major news coming
  • #2,964
  • Edited 3:17am Nov 3, 2010 2:10am | Edited 3:17am
Quoting LolCat
you should also watch 4052,its strong resistance,if its broken (10 pips) price tends to go up 42ish or at least previous high 4158,if this level falls 4400 is next target,so we have potential big moves in front of us

thats why today is kinda choppy,you have major points @4052,reversal point white fibo 38.2 @ 4075

i only enter long @ 4080 that should be safe,risky traders can go short @ 4075 looking for 20 pips

and i wont certainly go short today with QE in front of us

i hate days like these with major news coming
I agree with you on these points.
  • #2,965
  • Nov 3, 2010 9:11am Nov 3, 2010 9:11am
This is template 3

Rule 38 pip not broken. 1.4058-1.4020= 38 pip. Here was stoped to go up.
Rule high reversel point broken more then 10 pip. Red fibo. 1.4033, this is teling us that we will go up.
So we need low reversal point for long? Its not my trading plan. Dont use it. Its only shows that High reversel point was broken.
And, mabe some body can confirm? And can tell what should be next step?
For long? We need to go back to some point, that will be reverse for long?

Read: http://www.forexfactory.com/showpost...7&postcount=19
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  • #2,966
  • Nov 3, 2010 9:12am Nov 3, 2010 9:12am
Quoting vntrader
Today , we have very importance news from US, so maybe this calculator not true in NY session. Becareful all . Nice trade to all .
Agree with you,trend identifier give false signals today,some special day ,lol.
  • #2,967
  • Nov 3, 2010 9:21am Nov 3, 2010 9:21am
quiet market; quiet thread!
The World As It Is Can Do With Your Positive Disposition
  • #2,968
  • Nov 3, 2010 9:46am Nov 3, 2010 9:46am
Quoting liberty71
quiet market; quiet thread!
i wonder how accurate can this system be with qe in front of us,i havent taken any trade today i dont know what to do lol

i know that bobi said news are not important,everything is predetermined but hey some say 1.45 some 1.37 i d like to see big move in any dirrection i have my pending orders ready to go
  • #2,969
  • Nov 3, 2010 10:32am Nov 3, 2010 10:32am
Quoting LolCat
i wonder how accurate can this system be with qe in front of us,i havent taken any trade today i dont know what to do lol

i know that bobi said news are not important,everything is predetermined but hey some say 1.45 some 1.37 i d like to see big move in any dirrection i have my pending orders ready to go
Yes hard day to trade, got one in this morning but rest of day have been flat, have to see what unfolds after QE unfolds....
  • #2,970
  • Nov 3, 2010 10:37am Nov 3, 2010 10:37am
Quoting kiwiparis
Yes hard day to trade, got one in this morning but rest of day have been flat, have to see what unfolds after QE unfolds....
well 4052 was broken by more than 10 pips few mins back so 42ish is target...i hope bobi is right again
  • #2,971
  • Nov 3, 2010 10:45am Nov 3, 2010 10:45am
made 1st short trade during asian session

ready for a buy in the newyork session


happy pipping
KEEP IT SIMPLE PIPPING
  • #2,972
  • Nov 3, 2010 10:46am Nov 3, 2010 10:46am
Quoting jvh2811
made 1st short trade during asian session

ready for a buy in the newyork session


happy pipping
Don't forget fomc is in 30 minutes.
  • #2,973
  • Nov 3, 2010 10:46am Nov 3, 2010 10:46am
Quoting LolCat
well 4052 was broken by more than 10 pips few mins back so 42ish is target...i hope bobi is right again
DO you re-calculate during the day ?
  • #2,974
  • Nov 3, 2010 10:48am Nov 3, 2010 10:48am
Quoting kiwiparis
DO you re-calculate during the day ?
usually yes but i wasnt trading so far today so i dont have 12pm fxpro recalculation...but 4052 is monthly interpretation,it should stay for whole november
  • #2,975
  • Edited 10:50am Nov 3, 2010 10:48am | Edited 10:50am
Quoting LolCat
well 4052 was broken by more than 10 pips few mins back so 42ish is target...i hope bobi is right again
Is it really wise to be in the market with the QE 2 happening, even though 4052 was broken. It may go up to where it is supposed to but only after it may have whip sawed + or - 100 pips.

Or it could go the way you want it straight away.
Le singe est dans l'arbre
  • #2,976
  • Nov 3, 2010 10:53am Nov 3, 2010 10:53am
Quoting LolCat
usually yes but i wasnt trading so far today so i dont have 12pm fxpro recalculation...but 4052 is monthly interpretation,it should stay for whole november
Yes just saw that keep forgetting to look on that tab ..so much to remember to look at !! ... but wise to be flat till later on
  • #2,977
  • Nov 3, 2010 10:54am Nov 3, 2010 10:54am
Happy Pipping
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KEEP IT SIMPLE PIPPING
  • #2,978
  • Nov 3, 2010 10:55am Nov 3, 2010 10:55am
oh yeah im watching it



Quoting luckylady
Don't forget fomc is in 30 minutes.
KEEP IT SIMPLE PIPPING
  • #2,979
  • Nov 3, 2010 10:57am Nov 3, 2010 10:57am
Quoting hi6hlander
Is it really wise to be in the market with the QE 2 happening, even though 4052 was broken. It may go up to where it is supposed to but only after it may have whip sawed + or - 100 pips.

Or it could go the way you want it straight away.
thats why you have stop loss,i will leave the trade and wont be trading anymore today,but its always risk you are either lucky or not
  • #2,980
  • Nov 3, 2010 11:21am Nov 3, 2010 11:21am
all i can say is wowowowowowowowowowo

i only set for 20 pips im happy

no more trading for me today

happy pipping traders
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KEEP IT SIMPLE PIPPING
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