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Aboonacci System - for EUR/USD prediction

  • #3,341
  • Nov 10, 2010 3:49am Nov 10, 2010 3:49am
Quoting Sheumais
High 1.3973
Low 1.3751
Close 1.3772

You can argue over a fraction of a pip here or there, but I get that from the indicator I've attached below. It'll work on any MT4 platform, though the readings will vary slightly. Hope this helps.
Hey no indis allowed when you trade abonnaci. This is the no indi trading come on man.
  • #3,342
  • Nov 10, 2010 3:50am Nov 10, 2010 3:50am
Im getting a long signal and a short signal hmmm which one to take im so confused. what do I do? Kidding
  • #3,343
  • Nov 10, 2010 3:52am Nov 10, 2010 3:52am
Hey Bonzer, it's nice and simple, like me.
  • #3,344
  • Nov 10, 2010 3:52am Nov 10, 2010 3:52am
On a serious note, no trades for me today tight range waiting for a break of 3860 to go long or a break of 3694 to short
  • #3,345
  • Nov 10, 2010 4:00am Nov 10, 2010 4:00am
Hi Sheumais

Thanks for that.

I've read through the amended rules on the Abo site.

I would like to discuss High Reversal points.

Yesterday High Reversal point of Phase 1 1.3906 was broken so if 157 pips to downside is broken then price should reach 0% of that Phase.

-157 pips is 1.3749

I have a low of 1.3735 on FXCM so broken by 14 pips. Therefore we can expect price to reach 1.3639 which is 0% level of Phase -2

Do other members confirm this interpretation ?

Thanks


V
  • #3,346
  • Nov 10, 2010 4:39am Nov 10, 2010 4:39am
Update from earlier.

Failed to close above 38.2% or High Break Out, so long no longer appears likely, especially as price currently dropping sharply.
  • #3,347
  • Edited 7:35am Nov 10, 2010 4:40am | Edited 7:35am
Villonius, I can't fault your reading of the rules re High Reversal.
  • #3,348
  • Nov 10, 2010 8:57am Nov 10, 2010 8:57am
Using the high reversal rule, and following the calculator low breakout, shorted at 3731, target to 3683.
  • #3,349
  • Nov 10, 2010 9:19am Nov 10, 2010 9:19am
Quoting crodzilla
Using the high reversal rule, and following the calculator low breakout, shorted at 3731, target to 3683.
Good! Now I am short with TP 0% P3
  • #3,350
  • Nov 10, 2010 9:56am Nov 10, 2010 9:56am
Quoting Gisela
Good! Now I am short with TP 0% P3
Yep, that's the way I read it too! That seems to be a rule I can actually understand, and USE to trade.
  • #3,351
  • Nov 10, 2010 10:11am Nov 10, 2010 10:11am
will it going down for the next phase or not ???
Attached Image (click to enlarge)
Click to Enlarge Name: eu.JPG Size: 256 KB
  • #3,352
  • Nov 10, 2010 10:27am Nov 10, 2010 10:27am
Patience pays off
  • #3,353
  • Nov 10, 2010 10:31am Nov 10, 2010 10:31am
Quoting billbss
I'm having a hard time understanding.

Should we be watching the yellow lines, the white lines or the blue lines?

Thanks

What's the meaning of each line?


Thanks
  • #3,354
  • Nov 10, 2010 11:23am Nov 10, 2010 11:23am
nice template abonacci

well.. could it continue the trend
  • #3,355
  • Nov 10, 2010 12:28pm Nov 10, 2010 12:28pm
Someone please confirm when a 38.2 line is broken again for me please. 1.38145 was broken by 10.5 pips today.

The M15 candle has to close 10 pips above it or what?
  • #3,356
  • Nov 10, 2010 1:08pm Nov 10, 2010 1:08pm
Quoting Wgold2
Someone please confirm when a 38.2 line is broken again for me please. 1.38145 was broken by 10.5 pips today.

The M15 candle has to close 10 pips above it or what?
Also me, but then came all the explanation why we should short and made me re-think what was going on, so 1.3863 became one of those Pending Targets... is it because we were in a down trend and we needed confirmation of the reversal with High Break Out? I would appreciate if this could be confirm please, thanks for the help.
  • #3,357
  • Nov 10, 2010 3:02pm Nov 10, 2010 3:02pm
http://abonaccisystem.com/Home.aspx
you can find

Should we consider 157 pips away of High Reversal point for each phase?
A.

The rule of 157 should be always taken from last and highest "High reversal level "being Broken .

For Nov (current month ) 4161 which was the last and highest level of High Reversal that was broken and should be referred to it until the new high reversal point is broken higher than that point. So do not consider -157 pips for each phase.
Quoting Villonius
Hi Sheumais

Thanks for that.

I've read through the amended rules on the Abo site.

I would like to discuss High Reversal points.

Yesterday High Reversal point of Phase 1 1.3906 was broken so if 157 pips to downside is broken then price should reach 0% of that Phase.

-157 pips is 1.3749

I have a low of 1.3735 on FXCM so broken by 14 pips. Therefore we can expect price to reach 1.3639 which is 0% level of Phase -2

Do other members confirm this interpretation ?

Thanks


V
  • #3,358
  • Nov 10, 2010 6:19pm Nov 10, 2010 6:19pm
Quoting Sheumais
High 1.3973
Low 1.3751
Close 1.3772

You can argue over a fraction of a pip here or there, but I get that from the indicator I've attached below. It'll work on any MT4 platform, though the readings will vary slightly. Hope this helps.
Hi Sheumais,

I downloaded your Fibonacci Pivots indicator. You are saying it will work for any broker on MT4... right?

I am on forex.com. I tried it and it gives me a values that are a bit off.

1.Are you checking for the broker in the indicator?
2.How are you calculating the pivots and S/R levels? Are you using Bobi's calculation from Abonacci Pivot and Sentiment calculation?
3.Can you please share the source code for the indicator?

Best regards,

Smallpip
  • #3,359
  • Nov 10, 2010 6:23pm Nov 10, 2010 6:23pm
Quoting matnor
will it going down for the next phase or not ???
Matnor you need to add more lines to your chart I can still see pa.
  • #3,360
  • Nov 11, 2010 1:53am Nov 11, 2010 1:53am
Smallpip, the indicator should work on any MT4 platform, but as FxPro offers a free demo a/c, why not use them? I downloaded the indicator from another thread and I only use the chart I have it on to give me the info I need for the calculator, then I ignore it completely for the rest of the day.
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