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Aboonacci System - for EUR/USD prediction

  • #3,641
  • Nov 21, 2010 5:11pm Nov 21, 2010 5:11pm
ok if we use friday close and dont worry about wellington then we are likely to see 1.3633 today atleast, maybe 1.3577, big drop as i write this.

M15 bearish divergence aswell now
  • #3,642
  • Nov 21, 2010 5:15pm Nov 21, 2010 5:15pm
Quoting Wgold2
ok if we use friday close and dont worry about wellington then we are likely to see 1.3633 today atleast, maybe 1.3577, big drop as i write this
Yeah! Now I am thinking Bomber is right!
  • #3,643
  • Nov 21, 2010 5:22pm Nov 21, 2010 5:22pm
im really not sure about this when wellington high is higher then friday high and friday close and sunday open gives different TIS. I think im gona give this a miss.
  • #3,644
  • Nov 21, 2010 8:51pm Nov 21, 2010 8:51pm
Are these the HLC numbers? H: 1.3731 L: 1.3608 C: 1.3672 or do we need to recalculate for Sunday's opening?
  • #3,645
  • Nov 21, 2010 9:55pm Nov 21, 2010 9:55pm
Quoting Jeg
Are these the HLC numbers? H: 1.3731 L: 1.3608 C: 1.3672 or do we need to recalculate for Sunday's opening?
Hi Jeg! This is data I have too (demo fxPro). But thinking about gap opening maybe we have recalculate.
  • #3,646
  • Nov 21, 2010 10:07pm Nov 21, 2010 10:07pm
Quoting Gisela
Hi Jeg! This is data I have too (demo fxPro). But thinking about gap opening maybe we have recalculate.
Hi Gisela
There is always the same discussion about the existence or not of those Gaps. Following the calculator's rules, I think we should follow the closings of previous day not the opening of a new day (that would include this GAP). But I would prefer a confirmation from Bobi about this.
  • #3,647
  • Nov 21, 2010 10:14pm Nov 21, 2010 10:14pm
we had a higher high then friday over weekend aswell
  • #3,648
  • Nov 21, 2010 10:42pm Nov 21, 2010 10:42pm
Quoting Jeg
Are these the HLC numbers? H: 1.3731 L: 1.3608 C: 1.3672 or do we need to recalculate for Sunday's opening?
Hi
The answer can be found in post #1964 as explained by Bobi. I am still very puzzled. I hope Bobi can explained. If it is correct I will just follow.

Chrisngch
  • #3,649
  • Nov 21, 2010 11:05pm Nov 21, 2010 11:05pm
Quoting chrisngch
Hi
The answer can be found in post #1964 as explained by Bobi. I am still very puzzled. I hope Bobi can explained. If it is correct I will just follow.

Chrisngch
Thanks Chris, I forgot about that post. If that is the case then HLC should be H:1.3720 L:1.3709 C:1.3716. Lets see if any of the group help us clarify this so we can find a new rule for this "Gaps".
  • #3,650
  • Nov 21, 2010 11:17pm Nov 21, 2010 11:17pm
Quoting Jeg
Thanks Chris, I forgot about that post. If that is the case then HLC should be H:1.3720 L:1.3709 C:1.3716. Lets see if any of the group help us clarify this so we can find a new rule for this "Gaps".
Hi
It seems to me you have used the first candle of the day to find all your numbers. According to post #1964 the lowest is obtained from the last close ie the candle before the GAP.
Correct me if i am wrong.

chrisngch
  • #3,651
  • Nov 22, 2010 1:44am Nov 22, 2010 1:44am
As Bobi uses FXPro and it does not show Wellington, you do not use Wellington trading as a reference over the weekend.
  • #3,652
  • Nov 22, 2010 4:16am Nov 22, 2010 4:16am
I think you just use H/L/C from friday on FXPro. I used those data and price hits TP. I put a Pending order on: 3750 (DPS was 3748) with TP at:3775 (as it should reach 3776)
I also set sell order on 3672 with TP at 3618 But once the buy order has ben hit and the 100% has ben reach I will delete this order. I think we should consider this sell order again only if price comes back below the 38.2% if this phase.
I havent use the Trend Indentifier sentiment of course as the gap opened much higher...

I am using Vers.3.8 of calculator.
I didn't use the "Break Outs" so far.
  • #3,653
  • Nov 22, 2010 5:58am Nov 22, 2010 5:58am
Quoting chrisngch
Hi
It seems to me you have used the first candle of the day to find all your numbers. According to post #1964 the lowest is obtained from the last close ie the candle before the GAP.
Correct me if i am wrong.

chrisngch
Sorry for the delay, you are right chrisngch. I corrected the numbers according to post #1964, they should be H:1.3720 L: 1.3604 C: 1.3716. Thanks
  • #3,654
  • Nov 22, 2010 6:09am Nov 22, 2010 6:09am
Quoting Jeg
Sorry for the delay, you are right chrisngch. I corrected the numbers according to post #1964, they should be H:1.3720 L: 1.3604 C: 1.3716. Thanks
Dear All

Can someone please confirm whether the numbers are correct since there is a GAP today

Thank you.

chrisngch
  • #3,655
  • Nov 22, 2010 6:14am Nov 22, 2010 6:14am
Ive read the page with the post you mentioned on and jeg's close is correct, when there is a gap you take close of the 00:00 M15 candle it seems.
  • #3,656
  • Nov 22, 2010 6:22am Nov 22, 2010 6:22am
Please guys check website everyday.
There is a post:

"What HLC should we use for calculation when we see a gap on Monday?
A. HLC of Friday will be used mainly for calculation and it will be valid until all main breakouts are passed . If we encounter a gap on Monday , still we use HLC of Friday. But if you want to do recalculation and the Gap length is too much, you can take new HLC for new day with gap data to find the trend and entry for trading
(11/22/2010 2:16:37 AM) "
  • #3,657
  • Nov 22, 2010 7:15am Nov 22, 2010 7:15am
Quoting krishelis
Please guys check website everyday.
There is a post:

"What HLC should we use for calculation when we see a gap on Monday?...
I have been trying to use less rules, and it looks like to me, from the above description that no matter what, we should still use HLC like everyday. Recalculations are no necessary unless you want to read what is going on that precise moment.
I would appreciate a confirmation on this please? Thanks
  • #3,658
  • Edited 7:56am Nov 22, 2010 7:43am | Edited 7:56am
Today so far:
A2B: target reached at 1.3769
Low Break Out 1: target reached at 1.3639
TIS: target reached at 1.3633

Daily Power Sentiment_H broken at 1.3748: Almost reached 1.3790 (missed by 5 pips but still valid IMO with the 7 pips rule)
Daily Power Sentiment_L broken at 1.3663: Target reached at 1.3620

We have crossed ST at 1.3659 lets see if it reaches his target at 1.3577, for that we also need to cross PullBack signal at 1.3616 (crossed would be bellow 1.3606).

So many things to look at can create indecision. IMO I prefer to look for a Target that has been consistent, and so far, those have been the TIS and MD-MP (Mixed Daily-Monthly Pivot).

Good pips to all.
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  • #3,659
  • Nov 22, 2010 8:02am Nov 22, 2010 8:02am
Quoting Jeg
Today so far:
A2B: target reached at 1.3769
Low Break Out 1: target reached at 1.3639
TIS: target reached at 1.3633....
Thank you Jeg, I have same data.

If Pullback signal is broken target is very close to ST targ and it means 61.8% of this phase in P3 is broken too. I am going to sell only if Pullback is broken with a target at 23.6%.

Cheers!
  • #3,660
  • Nov 22, 2010 8:34am Nov 22, 2010 8:34am
Quoting Jeg
Today so far:
A2B: target reached at 1.3769
Low Break Out 1: target reached at 1.3639
TIS: target reached at 1.3633

Daily Power Sentiment_H broken at 1.3748: Almost reached 1.3790 (missed by 5 pips but still valid IMO with the 7 pips rule)
Daily Power Sentiment_L...
Before taking any trade I will pay attention to monthly levels as you can see in November we have 1.4281 down to 1.3446, so pullback should be 1.3631 1.3717 1.3781 and finally keypoint @ 1.3837.

what that means is 1.3781 will be resistance and for me it is a good entry point for short targeting levels below with SL right above 1.3790
so far we have 1.3785 and 1.3615 today

bearish confirmation we have @ 1.3730 because we broke that price from above with target 1.3666 - this price is very close to DPS_L @ 1.3663 breaking with next target @ 1.3620 - confirmation we have with ST @ 1.3659

question is how do we know that is the LOD and why we didn't hit 1.3603 as TP
we have bullish sentiment in EUR/USD 1.3603 will be lower/low that said 1.3620 is a good long entry point with tied SL

hope this will help some1 - trade well
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