Aboonacci System - for EUR/USD prediction

Hi Franz,
for last 15 days I was practicing template 3 which was awesome, till yesterday with using the rules and temp.3 I had so many successful trades but yesterday(12-April) for the first time the price didn't reach to 0% level and reversed from 50%, so I'm sure that I'm missing something which I couldn't find the reason so I'll appreciate if you can help me this.

also I want to start practicing both calculators, Is there any document to teach us what are the numbers in them and how to use them.

I read almost all the pages but unfortunately all the data is for very old calculators which a lot has been changed in new version.

Sorry , I don't understand , please post your sceenshot of 12 April.

Sorry,
if you check in screenshot price moved from higher phase to lower one and broke 61.8% level by 7pips but instead of continuing to 0% level, it reveresd from 50% level and entered the previous higher phase again.
even the 50%-8 level was broken.
thank you for helping me

Hi eckneophyte ,
For me, a level is broken when the BODY candle close 7 pips above/below and NOT when only the shadow breaks the level.
In sceeenshot the body of green candle has passed the 61.8 level of only 5.7 pips : level not broken , probable reversal.
Remember that 61.8 level of Tpl3 is very important and strong (key level ) : if the price does not break it , probable reversal.

Furthermore, it's very important to use also the Template 4 . Look at the white circle of screenshot : as soon as the price has touched the 76.4 level of Tpl4 , immediately bounced. Remember : the 76.4 of Tpl4 is equivalent to 61.8 of Tpl3 , are both key levels .

thanks for clearing this for me, it was my mistake to consider the shadow, Newbie mistake.
By the way I couldn't find template 4 on website to download, can you tell me from where I can get it.

Franz
I appreciate your help and hope I won't bother you with my questions.
I started to track the data from below tables of Latest Abonacci Calculator and Market Predictor To learn and understand the given points.



below is the excel sheet which I prepared,


So far I realized that price will reach to TIS, MS and PTP points everyday for sure but I still don't know the use of UTD and TD points. if you check the excel file you will see the accuracy of data.
this is all I understood till now from calculators and appreciate if you can add more meaning to these points for me, I want to prepare a complete PDF and Slide show for each of them for newbies like myself and share it here and send a copy to you and Bobi so will be helpful in future, but first I need to understand all.

Hi eckneophyte , good work with excel sheed , this way you will be able to understand the calculators . Unfortunately I don't use ver.6.2 or Market Predictor . Since many years i simply use Abonacci Calculator v 1.0 ( 2010, september ) .In my previous post # 3936 I have attached 2 useful manuals about this calculator. It is sufficiently precise and not change from month to month .
Another important thing that you need to learn is the "recalculation".Essentially , into the "close" value as well as the value of 11:45 pm FxPro candle ,you must also recalculate at 11.45 am , to see how the price will move during the London and N.Y. sessions. In addition, if you are a scalper you can recalculate after each swing of price. It's not very easy to explain...

Before studying the Abo calculators, I advise you to work hard with Tpl3 and Tp4 only : graphic clean , pure price action , support/resistance ( Low & High Reversal point , Best Reversal Point etc ) without any indicators as Bobi says ) .
This is the tool to create the Tpl4 , each month . If you have problems, let me know.
Note: avast or other antivirus can indicate it as a malware , no problem it's a false positive.

{ virus risk deleted by staff }

I have attached a screen shot of my Tpl3 and show what I believe to be the high and low reversal points, and would really appreciate it if I could have feedback as to whether I have done this correctly.

I am a complete newbie to this system, but based on my learning so far, my analysis of Tpl3 is as follows:

Looking to Monday's trading, key levels to note:

Short: 1.3067 (76.4% of lower phase)- if price breaks this level, then should reach 1.3028 (lower reversal level), and if this is broken then reach 1.3018 (38.2%) and then 1.2970 (0%)

Long: 1.3145 (38.2% of current phase) - if price breaks this level, then should reach 1.3194 (76.4%) and then 1.3224 (100%). Also to bear in mind that 1.3145 is 302 pips from the base line so if broken to the upside then we are in an uptrend, and would expect price to reach high reversal point at 1.3238. If high reversal point is broken, then we should expect price to retrace (if it does retrace at all) no more than 157 pips before moving up to 4th phase. If 1.3254 (23.6% of 4th phase) is broken, then price should reach 1.3351 (100% of 4th phase). A level to note as well is 1.3272, which is 429 pips from base line and confirms the uptrend.

In Bobi's notes/rules, he also talks about using a break out template together with Tpl3 but I do not know where to get this, I do not see it on the website.

anyway, please let me know if I am on the right track with this system, and if I have missed anything (thanks, Franz for posting the Tpl4 calculator, I am working on that and will post observations this week)

many thanks
Mike

Thanks Franz for your help,
I will work on what you said to improve my trading with Abonacci system.

Hi mike ,
your HRP and LRP is right .A faster method to find them is :
HRP = magenta baseline + 14 pips ( in your above screenshot 1.3224+14 =1.3228 ) .
LRP = yellow line 50.0 - 8 pips ( in your screenshot 1.3033-5 = 1.3025 ) .
Abo general rule said if the 38.2 level is broken from below , the price will reach 76.4 ed eventually 100%. BUT during his up-journey the price meets important levels ( LRP and 61.8 yellow line ) which can cause a rebound.Every rule has its exception...
You said " Looking to Monday's trading, key levels to note:"
Short : you made a mistake , the KEY Level for short ( on Tpl3) is not 76.4 but 61.8.
You said "In Bobi's notes/rules, he also talks about using a break out template together with Tpl3 but I do not know where to get this, I do not see it on the website."
Break out template is Tpl4 : watch my above post #3949 and download the calculator.

Hi Franz, thanks so much for your feedback, its greatly appreciated. And many thanks to Bobi for making this system available to us.

Hi traders , watch the excellent operation of Tpl4 levels even today , April 15 :

1 : HRP level : 100%+14 pips

2 : "secret" level :100%-30 pips

3 : HRP

4 : Key Level 76.4%

Sell 1 to 2 = 43 pips
Buy 2 to 3 = 43 pips
Sell 3 to 4 = 65 pips

Tot 151 pips in one day (theoretical)

Note: Tpl4 should always be matched with Tpl3 .

Thanks Franz for the screenshot and detail you've mentioned. it was very useful to understand the TPL4.
if you don't mind I appreciate if you tell me what do you think about below screenshot from today(april,16th) beginning, the key levels in Both TPL3 and TPL4 are broken which is showing very strong short, am I right?

Hey Franz many thanks for the screenshot, it really helps to see how someone who is familiar with this system interprets the levels.

I have a question regarding your number 2 "secret" level 100%-30. Does the minus 30 apply to Tpl 4, and minus38 (100%-38) apply to Tpl3 ? I watched the video on the website about interpreting Tpl3, and Bobi spoke about 100%-38, so is 100%-30 the Tpl4 version of this level? (hope this question makes sense )

Also, its amazing how price closed and reversed almost to the pip at the LRP (50%-8 of yellow current phase) of Tpl3 (about 1.5 hrs after your number 4)

Hi Eckneophyte, just my thoughts (for what they are worth on your question to Franz: On Tpl3, price has reversed at key reversal level, and Tpl4 price closed exactly 10pips below 76.4% and then reversed so not sure if this constitutes a break of this level (rules state 7-10 pips ) so its borderline. Anyway, look forward to Franz's views.

Hi all , the above questions are interesting , but first I want to show you a new "secret" level on Tpl3 : 88.2 % .
In certain market works very well and, like today, it explains the rebound of price.This new level is made by an indicator which I will explain later.
As you can see, for each movement / reversal of price there is always an explanation.

Hi eckneophyte ,
yes, the levels are broken but, as you saw, on strong support represented by LRP (1.3025 ) Tpl3 , the price has bounced up : this is an important Abonacci rule.

Hi mike ,
I don't use 100%-38 . Instead, as you saw, I use 100%-30 level on Tpl4 : it's much more accurate.

Hi Franz

Thanks for clarifying this (30 vs 38 pips), and thanks for the heads up on new "secret" 88.2% level.

I note with interest that this level is 100%-15 pips, which is almost a mirror effect of HRP (100%+14 pips).

At the moment, I am working at prioritising which levels are the primary (most nb levels) in devising a trading plan for each day before London open ie. open the chart and be able to see that if price breaks "this" level, it should reach for "this " level and then "this" level, and along the way it will encounter resistance at "these"levels, using these as possible "take profit" levels.

Bobi talks about using Tpl3 and Tpl4 in conjunction with each other to establish trend, I have not found any more info yet on this topic (he mentions it briefly in the video), but the rules of Tpl4 appear to be more trend-based than Tpl3 so presume he means take directional bias from Tpl4.

many thanks
Mike