Low Breakout 1 = 1.3839 (in dark blue box) and 1.3872 (in the other box)
with target 1.3828. How does one interpret those two boxes 3839 vs 3872?
Also, do you add +/- 10 pips to your entries and exits from the calculator?
Ignored
How did you get 3839 as the low break out? what numbers are you using. Anyways my calc the low break out 1 was hit and I missed that or I would have been in earlier now we are sitting at low break out 2 3859 which just broke so target 3817
The Price has bounced exactly 61.8 on 1.3844. I never tried bounced trading before, but seems this level 61.8 can be used for Long Order with Stop Loss 10 pips below 61.8.
While for Short Order, we might be able to use 38.2 with SL 10 pips above 38.2 level.
With TP only 20 pips, we can make Win:Lose ratio = 2:1. Not bad I think?
BTW, I don't see Bobi around here for couple days. Does he feel bad because the last debates with some members here?
The Price has bounced exactly 61.8 on 1.3844. I never tried bounced trading before, but seems this level 61.8 can be used for Long Order with Stop Loss 10 pips below 61.8.
While for Short Order, we might be able to use 38.2 with SL 10 pips above 38.2 level.
With TP only 20 pips, we can make Win:Lose ratio = 2:1. Not bad I think?
BTW, I don't see Bobi around here for couple days. Does he feel bad because the last debates with some members here?
Ignored
I have 4084 for H, 3920 for L, and 3886 for C. Can anyone confirm these numbers?
maybe, trying to combine this indicator with moving average (smooth) and parabolic (0.01 and 0.1) at the same time............that give me a good result.
1. let the parabolic and moving average be in the direction of the trend at the same time first. if the rules of abonnacci is obey but the parabolic and moving average are not on this direction,,,,,,,,,,,do not place an order just wait and watch.
2. let the candle cross the margenta line and also cross the yellow line. the u can place order...........5pips away from the yellow line.
if u look at this u find out that people who go long, would have wait and the trade would not have gone against them.
price actually bounced from reversal level of current phase (50%-8, which is exactly 1.3822!!!), I forgot to look that number while my sell position still on.
Should have settled first on this level and put a Long order with 10 pips SL and TP 20 pips before re-entered.
But 23.6% still there to wait, I think we'll see 1.3796 today.
template 4
Now if we flip this around and price is heading down and breaks the 76.4% level from above than price should reach the 38.2% level, than the 23.6% level and eventually the 0% level.
template 3
from white 38% we have long but in template 4 we have down trend term. In template 3 its good for scalpers or short term trade. I tryed to use this system but still didnt made eny + only - maby i dont, understand some rules . So dont use this post as trade system. Its only my opinion.
Some couple rules was broken. It dosent meen that its not working, it only says it should not... and if ... If some rule was broken we should use another rule.
Like it should not broke 38 pip. And if it did...
Its wery intresting system. I would like to learn it more.
