Aboonacci System - for EUR/USD prediction

Today's chart, with the blue lines removed, as I usually do.

Hi,

Did anyone make a trade today using theese numbers High 1.3633
Low 1.3361 Close 1.3366 and if so what made you take the trade ?

I´m trying hard to figure out what the calculator is telling me - lots of values - dont quite know which ones to use.

Any comments appreciated.

On P3 the resistance held at the 23.6% level

For today the HLC are:
H: 1.3420
L: 1.3283
C: 1.3334

Close is between BT and ST. Now, if BT is broken, price will tend to reach it's TP 1.3438. If price breaks ST, then it will tend to reach it's TP below at 1.3237. But between BT/ST and their corrosponding TP's, you might have road blocks so to speak. These roadblocks are Pullback Signal, The tendency level if pullback signal is broken by 10 pips, Current reversal that you find on the second tap under Daily interpretation, and UP Trend Sentiment and Down Trend Sentiment levels.

For example yesterday (Wednesday), price came down and turned around at 1.3283. The TP for the ST was much lower than this level. Now, why did price stop at 1.3283? That is just a few pips below Down Trend Sentiment. Price came down to this level at around 9am GMT. If this level had broken by 10 pips I beleive, trend for NY sessions would've been down. I have seen price turning around at Pullback Signal, Current reversal, and these UP/DOWN Trend Sentiment.

Use what I've said here as a framework and do your own backtesting using Bobi's calculator for October and November. You'll get it. If in any one of the days price didn't reach the TP and you can't figure out why, look at the template to see if the level price turned around is significant.

Hope this helps you. Good Luck.
BTW: I wait for price to break BT/ST by at least 7 pips before entering.

Thanks Segaram

That clarifies a lot

Hi Forexchequer,

Ive downloaded the abonacci indicator and installed in the indicators folder, in vain it isn't run as it is should be as what i see in ur post. Any steps tht i missed?

Kudi, if you download the template, copy or paste it into your MT4 programme's templates file and open MT4, it should be there as a template option on a EUR/USD chart.

I couldn't find a good entry point for sell order... eg. sell trigger at 3319 doesn't seems a good entry point to TP at -> 3237 I have
put an sell at 3304 (looking on Template means just below the 38.2%) with TP 3262 - so much hihgher that the calculators TP - and SL at
3340 (or just above the 61.8%) And i just have be stopped out.
Also the DPS L shows 3323 So if broken it may go to 3280. But so far this hasn't happen
then we have: "Close of the day cause temporary direction toward" 3336 However close was at 3334 this means no space for trade (only 2 pips difference!)
I still try to reade the calculators output but there are too many numbers and everything has to be an interpretation with "if" and "but"
Can somone tell me exactly what he trade, if successfull, and put some mumbers here that he get from the calculator? this way peaple like me
can find where to look.
thanks

All, do remember that New York is closed today, so not really a good day to take a position.

Kudi, just to clarify. Once you have copied it to the template folder you close MT4 if you have it open, open MT4 as normal right click on your EURUSD chart, point to TEMPLATE then click on LOAD TEMPLATE.

Hi All
It is not an easy day to trade as the prices are moving within a narrow range. Do take note that Trend Identifier Sentiment, Temporary Direction, Pivot, Daily Pivot Monthly Pivot are very close to each other. Does it indicate anything?

chrisngch

Hi There,

Just for interests sake - see 4hr chart for eurchf with power 3 template.

Cheers

[IMG]file:///C:/Users/home/Desktop/eur_chf.JPG[/IMG]

Hi everybody!
I was doing backtesting and now I have a question.
Can someone tell me, why on oct 27, price havent reached 23.6 level, after breaking 61.8 level with more than 10 pips ?

Forschequer :What is indicator to obtain phases and abonacci levels please?
and what is the indicator of clocks?

not sure about abonacci level indicator.. but the clocks you can instal though several widgets as eg. yahoo widgets.

cheers

Go to http://www.abonaccisystem.com/Downloads.aspx and download the template and follow instructions in post 3727 and 3730
The clocks are gadgets in Windows 7

Bobi Abonacci
EUR/USD again under pressure .Eur is under pressure but before going down needs a retracement towards 1.3418 . I think the market will rise to 1.3418 and again will be back down toward 1.3300.To go upward toward 1.3418 , 1.3365 should be broken .Bearish sentiment in calculator is showing 1.3390 which is higher than the close which is 1.3359

and if price goes up and gets to 1.3437 and drops below 1.3390 this level is triggered for bearishness .1.3344 will be a good place to go short (i think and may need a recalculation)But I am sure the market should be back down and do its job to get to 1.3256.

why to 3418. Maybe somone can explain as i didn't get this value nowhere in the calculator with H/L/C from yesterday.
thanks

I'm sorry if the question sounds dumb.....

If we do recalculation, do we just enter new Close and still using previous High-Low, or enter all new close and high and low of the day?

thanks

High 1.3387
Low 1.3286
Close 1.3359