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Aboonacci System - for EUR/USD prediction

  • #3,441
  • Nov 13, 2010 9:22am Nov 13, 2010 9:22am
Is there anyone who do not understand this rule. Speak up don't be shy. Any questions on this rule? If not we can move on to the second rule.
  • #3,442
  • Nov 13, 2010 11:57am Nov 13, 2010 11:57am
Quoting kdx
[color=black][font=Verdana]FX Majors You have used a close of 3595 and
Inserted Code
you say this is the 9 GMT close you don’t even say pm or am
ok let’s look at both. If you are referring to 9pm GMT on that day then the close was 1.3777. If you are using the close of 9am GMT which will be the following morning than that would be 1.3759. You were then asked to clarify your close by watsone and you spoke of the sentiment which is something totally different. You are making matters for the new people totally misleading and confusing, nothing wrong...
Thanks KDX. In case you don't know the difference AM or PM this will HELP.
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  • #3,443
  • Nov 13, 2010 1:19pm Nov 13, 2010 1:19pm
Quoting FXMajors
Thanks KDX. In case you don't know the difference AM or PM this will HELP.
I use that site myself for market hours so dont try to get to smart stick to the context of this point.

AM/PM that's not important the question is 1.3595 you say thats the 9GMT close is it??

Pathetic...
  • #3,444
  • Nov 13, 2010 1:38pm Nov 13, 2010 1:38pm
2- The current phase reversal point is 38.2% of white Fibonacci this applies to both Power 3 and Power 4 templates; if this level is broken then we should reach the 0% level which is the bottom of the phase. To find Current Phase Reversal deduct 8 pips from 50% level of current phase. (50% level - 8)

If you don't know how to draw the white Fib lines, please go to the first post.
  • #3,445
  • Nov 13, 2010 2:14pm Nov 13, 2010 2:14pm
Quoting kdx
I use that site myself for market hours so dont try to get to smart stick to the context of this point.

AM/PM that's not important the question is 1.3595 you say thats the 9GMT close is it??

Pathetic...
Thank you.
  • #3,446
  • Nov 13, 2010 2:17pm Nov 13, 2010 2:17pm
The way between 61.8 and 23.6 too bumpy and not reliable.
  • #3,447
  • Nov 13, 2010 3:57pm Nov 13, 2010 3:57pm
Quoting bomber34
The way between 61.8 and 23.6 too bumpy and not reliable.
Bomber34, please show us one or two examples of this.
  • #3,448
  • Nov 13, 2010 4:40pm Nov 13, 2010 4:40pm
Attached Image (click to enlarge)
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I know that Bobi's system is without indicators but to help me with entering a trade I place two lines on the chart, 100SMA (red line) and 200SMA (blue line). The 100SMA is the trigger and the 200SMA is where I enter my trade. This compliments Bobi's system and is just my way of trading.
  • #3,449
  • Nov 13, 2010 5:00pm Nov 13, 2010 5:00pm
hi everyone, especially bobi for designing this system, i;m still trying to understand the system. i only started reading the pdf and downloaded the template and calculator two or three days. BUt im still confused how to use this on a daily basis. it would be nice if someone can interpret the system in its simplest/basic form. i would appreciate that very much.

thank u in advance


sami
  • #3,450
  • Nov 13, 2010 5:09pm Nov 13, 2010 5:09pm
Quoting FXMajors
Thanks KDX. In case you don't know the difference AM or PM this will HELP.

"FXMajors" you refer of 12/nov at 9AM when you get those price...
  • #3,451
  • Nov 13, 2010 5:10pm Nov 13, 2010 5:10pm
Quoting forexchequer
Following on from KDX's last two post. Learn the rules before you start to to expiriment.

The rules are at http://www.abonaccisystem.com/Rulesoftrading.aspx This is Rule number 1

1- The key point of our trading when we are using power 3 template is 38.2 % if this level is broken from below then price should reach 76.4% and eventually the 100% level. Now for price to continue in its upward journey price should not come back down and break the 61.8% level of the phase below, if this is broken then the immediate direction would...


when he say:
"Now for price to continue in its upward journey price should not come back down and break the 61.8% level of the phase below, if this is
broken then the immediate direction would have changed. "
then he means the previouse phase i suppose, and not the current phase. Is this correct? If so, then this would be about 175pips. (from the 100% of current area down to 61.8% of previouse area)
So, once the price goes to 100% (or maybe only to 76.4%) and then falling down we are in "nomands land" with no trading opportunities, until price falls to the 61.8% of the previouse phase.
Can somone confirm this?
  • #3,452
  • Edited 5:41am Nov 14, 2010 5:04am | Edited 5:41am
it,s only my opinion, need some help.
template3 :

if we break 157 pip, so we should go up more. Becouse we have not finished some level. And we can break 3rd phase? One level more?

"3- If high reversal is broken than price should not come back down below 157 pips however if price does go back up than it should not go higher than the next high reversal i.e. one phase up. An e.g. price is currently in the 3rd phase and it breaks the high reversal than price come down and breaks this level by 157 pips and it has now moved two phases down, now if price should make another surge to the upside and break the high reversal from the 3rd phase again it should not go up by more than one phase level."

And we have template power 4. Not finished? So when we finish, then then could be a big drop? Is it corect?

Rule 3 pic could be renewed for more explain? Where should be stop?
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  • #3,453
  • Nov 14, 2010 2:02pm Nov 14, 2010 2:02pm
I hope we'll test 1.3542 first.Elliot wave point formed on the 1.3770 top now on 4 hour.
  • #3,454
  • Nov 14, 2010 4:17pm Nov 14, 2010 4:17pm
tp1 1.3658 tp2 1.3641
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  • #3,455
  • Nov 14, 2010 4:17pm Nov 14, 2010 4:17pm
Quoting bomber34
I hope we'll test 1.3542 first.Elliot wave point formed on the 1.3770 top now on 4 hour.
I like to usually plan a whole days trading set up in advance. I think the calculator helps one to achieve it. This is what I believe I like to plan for Monday 11/15/10 using abonacci calculator.

First Set Of Trades

1st trade:.Buy stop 3705 target 3778 .
Reason : price breaking (I consider 10 pip a break)daily power sentiment of 3695.

2nd trade:Sell Stop 3631( 10 pip below 3641, which is Pull back signal)

Target 3600 .

2nd Set of Trades after either of the above trades are completed would be:

1.Buy stop 3873(Plus 10 pips) -because at this price market becomes bullish
Target 3981- Top of the present phase

I some times get out early if I am happy with the price and wont wait until target is hit.
  • #3,456
  • Nov 14, 2010 5:00pm Nov 14, 2010 5:00pm
Can anybody post their HLC, thanks
  • #3,457
  • Nov 14, 2010 5:05pm Nov 14, 2010 5:05pm
here
Attached Image
  • #3,458
  • Nov 14, 2010 5:12pm Nov 14, 2010 5:12pm
Quoting Wgold2
here
Thanks Wgold, I am still not sure about how to see initial week numbers, specially when we see those starting gaps...
  • #3,459
  • Nov 14, 2010 5:13pm Nov 14, 2010 5:13pm
Quoting ES Trader

First Set Of Trades

1st trade:.Buy stop 3705 target 3778 .
Reason : price breaking (I consider 10 pip a break)daily power sentiment of 3695.

2nd trade:Sell Stop 3631( 10 pip below 3641, which is Pull back signal)

Target 3600
I think i'm gonna follow your Idea and get a look on the Price Action.

Thank you !
  • #3,460
  • Nov 14, 2010 5:40pm Nov 14, 2010 5:40pm
Quoting Wgold2
here
hmm i have the following (from fxpro)
high: 1.3775
low: 1.3573
close: 1.3691
All values rounded down.
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