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Aboonacci System - for EUR/USD prediction

  • #3,661
  • Nov 22, 2010 8:51am Nov 22, 2010 8:51am
Here is template 3.
"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."
Attached Image (click to enlarge)
Click to Enlarge Name: 157pp.gif Size: 36 KB
  • #3,662
  • Nov 22, 2010 9:13am Nov 22, 2010 9:13am
Quoting Jeg
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


Yes the primary time we recalculate is at NY close and yes you can use that right through the day unless the swing Breakout levels have all been passed. You can recalculate when you want but unless you are looking to scalp or targeting specific levels this is not necessary, We recalculate at 12pm fxpro time just to see if price is moving along in the same direction as the previous days NY close but I will focus on the NY close until targets have been met, than I may consider looking at targets from another recalculation or 12pm recalculation, this is great to use when NY close targets have been met and now looking for new targets.
  • #3,663
  • Nov 22, 2010 9:22am Nov 22, 2010 9:22am
Quoting kdx
[color=black][font=Verdana]Yes the primary time we recalculate is at NY close and yes you can use that right through the day unless the swing Breakout levels have all been passed. You can recalculate when you want but unless you are looking to scalp or targeting specific levels this is not necessary, We recalculate at 12pm fxpro time just to see if price is moving along in the same direction as the previous days NY close but I will focus on the NY close until targets have been met,...
Thank you for this clear explanation!
  • #3,664
  • Nov 22, 2010 11:19am Nov 22, 2010 11:19am
What are the differences in definition for (new calculator)

1. Bullish sentiment.
2. Up trend sentiment.
3. Daily Power sentiment_H?

Rgds
Lukas.
  • #3,665
  • Nov 22, 2010 3:29pm Nov 22, 2010 3:29pm
Dear all,
Please can anyone suggest what I should do I am having this error (attached screen shot) when I try to open the pivot calculator after unzipping it.
Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: ab.jpg Size: 28 KB
  • #3,666
  • Nov 22, 2010 3:43pm Nov 22, 2010 3:43pm
Quoting grpharcourt
Dear all,
Please can anyone suggest what I should do I am having this error (attached screen shot) when I try to open the pivot calculator after unzipping it.
Thanks in advance.
hi grph

i had the same problem, its your anit virus system, my anti virus was AVG i uninstalled AVG and installed kaspersky anti-virus now works fine without the those horrible error messages.

sami
  • #3,667
  • Nov 22, 2010 3:48pm Nov 22, 2010 3:48pm
now i have sorted my error messages out on the calc, i would really appreciate if someone can explain how to use the calculator. being a newbie its difficult getting your head around this excellent calc.

we r all grateful for bobi's contribution, thank u bobi

sami
  • #3,668
  • Nov 22, 2010 4:11pm Nov 22, 2010 4:11pm
H: 3785
L: 3575
C: 3628

From FXPro
I am using V3.8 Has the small errors ben fixed in vers.3.9?

thanks
  • #3,669
  • Nov 22, 2010 5:03pm Nov 22, 2010 5:03pm
Quoting freemenn
h: 3785
l: 3575
c: 3628

from fxpro
i am using v3.8 has the small errors ben fixed in vers.3.9?

Thanks
h: 1.3785
l: 1.3575
c: 1.3625
  • #3,670
  • Nov 22, 2010 5:13pm Nov 22, 2010 5:13pm
Quoting freemenn
H: 3785
L: 3575
C: 3628

From FXPro
I am using V3.8 Has the small errors ben fixed in vers.3.9?

thanks
Only the October one for backtesting had some errors. Current 3.9 seems to be ok?
  • #3,671
  • Nov 22, 2010 6:31pm Nov 22, 2010 6:31pm
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?...

Thank you

chrisngch
  • #3,672
  • Nov 22, 2010 6:45pm Nov 22, 2010 6:45pm
Quoting grpharcourt
Dear all,
Please can anyone suggest what I should do I am having this error (attached screen shot) when I try to open the pivot calculator after unzipping it.
Thanks in advance.
Hi

If it still does not work try updateting all the Microsoft softwares. I had the same problem. After the update it works fine.

Hope it helps

chrisngch
  • #3,673
  • Nov 22, 2010 8:26pm Nov 22, 2010 8:26pm
I downloaded the Calculator, but, it seems that it is necessary a password to open the file, and my anti-virus AVG accuses the file as Horse of Tróia. How can I solve this problem?

thank you!
  • #3,674
  • Nov 22, 2010 10:16pm Nov 22, 2010 10:16pm
Use kaspersky av or turn avg off while you run calc I guess. There shouldn't be a password
  • #3,675
  • Nov 23, 2010 1:45am Nov 23, 2010 1:45am
Look at Trend Identifier Sentiment (TIS) in relation to NY closing price. If for example, you find the closing price lower than TIS, you can bet that at some point price will head up toward TIS and reach it. Now, if closing price is above Buy Trigger (BT), don't think since it's already broken BT that you can go long toward TP. Many times price comes down from the NY close and break the Sell Trigger (ST). If that happens, price will tend to reach the Sell TP. But alot of the times, the path to TP is not without bumps. You might find Pull Back Signal (PBS), Current reversal Level that you find on the Daily interpretation tab, and UP/Down Trend Sentiment levels between the BT/ST and the respective TP. If you find these bumps between your trigger and TP, watch out. Alot of the times, price turns around in one of these bumps. I usually take my profit at first bump price comes across. I only leave to TP if there's nothing in the path. Sometimes you find that price triggers both BT and ST. In those situations, price will most likily reach one of the TPs and then turn around to reach the opposite TP. Yesterday, for example, price gapped and since TIS was below NY close, I went short. Before going down to fill the gap and to reach TIS, price went further up to finish the 100% phase on Template 3 and 4. While completing the phases, price reached the buy TP. While I had a bit of drawdown situation, I ended up making over 100 pips at the end of the day. I hope this helps those confused. If you require further information, I can try to use some charts to explain what I mean. let me know.
  • #3,676
  • Nov 23, 2010 2:24am Nov 23, 2010 2:24am
looking like we havent reached TIS yet,so there s 100 pips long waiting
  • #3,677
  • Nov 23, 2010 2:41am Nov 23, 2010 2:41am
Quoting segaram
Look at Trend Identifier Sentiment (TIS) in relation to NY closing price...
Thank you segaram for share your observations in backtesting. Sometimes its difficult for me as I trade on US broker (no hedging) and I almost have to bet where price is going on to first, so your contribution is a great help.


Thanks again!
  • #3,678
  • Nov 23, 2010 2:51am Nov 23, 2010 2:51am
Quoting LolCat
looking like we havent reached TIS yet,so there s 100 pips long waiting
Yes, actually I am in sell waiting finish 0% phase and then maybe I can catch a buy to TIS. Lets see price journey!
  • #3,679
  • Nov 23, 2010 3:11am Nov 23, 2010 3:11am
Quoting Gisela
Yes, actually I am in sell waiting finish 0% phase and then maybe I can catch a buy to TIS. Lets see price journey!
This is my personal opinion only. London opened a short while ago and I think until NY opens, price is going to go higher and possibly reach TIS. If TIS is reached, it will have triggered BT and that means price will likily reach buy TP which shouldn't have any bumps on its way. TP is also below 38.2% of the phase above which adds more points to my belief that buy target (TP) should be reached today before price turning around in NY session to reach 0% below. I apologise for saying this because this is speculation.
  • #3,680
  • Nov 23, 2010 3:21am Nov 23, 2010 3:21am
Quoting Gisela
Thank you segaram for share your observations in backtesting. Sometimes its difficult for me as I trade on US broker (no hedging) and I almost have to bet where price is going on to first, so your contribution is a great help.


Thanks again!
I feel the pain for your guys having account in the US. My account is in UK and I don't have any problem hedging. I don't want to talk about a different subject here, but I think CFTC doesn't want you guys to hedge because this increases the number of transactions you will do which increases Broker commission and causes the small people like you and me to loose more money fast. This is one of ways rich people control the money and accumulate wealth. I just hope that the rest of the world doesn't follow US on this matter. I'm sure many of you fellow US residents will agree with me on this one.

As for not being able to hedge, I honestly haven't any idea how you can trade without going through some drawdown on a regular basis with Abonacci system. Good luck.
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