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Aboonacci System - for EUR/USD prediction

  • #3,961
  • Apr 16, 2013 9:51am Apr 16, 2013 9:51am
So price has now broken 100% level in Tpl3 and Tpl4 to the upside by more than 30 pips. Do we now assume that price wants to move higher?

If this is the case, then according to rules of Tpl4, price should not retrace more than 50%+14 ( 1.2994) before it continues higher. We need to break 1.3143 (23.6%) for confirmation, and then target 1.3226 (61.8%), 1.3257 (76.8%) and 1.3309 (100%).

For Tpl3, 38.2% (1.3145) needs to be broken to confirm up trend. This level is 302 pips from base line (2.38 phases) so according to rules should reach 4th phase (1.3224) and if it breaks 23.6% of 4th phase (1.3254) then price should reach 100% (1.3351). If prices breaks 1.3145 (38.2%) then it should not retrace to more than 1.3048 (61.8% of lower phase) before moving higher. A break of this level would mean that direction has changed in the short term.

All feedback appreciated
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  • #3,962
  • Apr 16, 2013 10:04am Apr 16, 2013 10:04am
For Tpl3, 38.2% (1.3145) needs to be broken to confirm up trend but I think we still need to wait for 50%-8 (current reversal point) to be break too.
so if I'm not wrong the best point to enter long is after breaking current reversal point (50%-8) which is 50% itself. in this point in both tpl3 and tpl4 we have signal to go long.
what do you think?
  • #3,963
  • Apr 16, 2013 10:14am Apr 16, 2013 10:14am
Hi Eck, yes I agree with you, I think a break of 1.3252 (50%-8) would be a strong buy signal
  • #3,964
  • Apr 16, 2013 12:43pm Apr 16, 2013 12:43pm
Hi Mike
that's better but I strongly suggest you to use calculator along with these templates. result will be wonderful
  • #3,965
  • Apr 16, 2013 12:47pm Apr 16, 2013 12:47pm
Hi Franz,
I wanna thank you for all information you've provided and for your support. the recalculation is wonderful.
  • #3,966
  • Apr 16, 2013 4:01pm Apr 16, 2013 4:01pm
Quoting eckneophyte
Hi Mike that's better but I strongly suggest you to use calculator along with these templates. result will be wonderful
Hey Eckneophte, which version of the calculator are you using, ver1 like Franz or the ver 6.2?
  • #3,967
  • Apr 16, 2013 4:16pm Apr 16, 2013 4:16pm
now I'm checking calculator v6.2 and Market Predictor both but I think as of know for me only Market Predictor is more than enough.
with market predictor you can have an idea what market is going to do when reaches to key points and decide to close or keep the position.
you just need to recalculate as Franz said.
  • #3,968
  • Apr 19, 2013 6:52am Apr 19, 2013 6:52am
Quoting aebab
Some times yes and some times no . It depends on which level and phase that is and also the strength of last day (RANGE). But if this point is broken , and goes below 1.2930 to continue for going down , it should not come above 1.2977 . Its a rule based system . If it comes then you should consider it as an up trend . I found that this market is a formula based market and you can not use an indicator for all markets . This system is different for GBP/USD and DOWJON or OIL and have their own templates which I create them in the begining of the month...
Hey guys

In the above quote, Bobi says " It depends on which level and phase that is and also the strength of last day (RANGE)." I presume that he incorporates this in the calculator when calculating sentiment, but as I haven't started using calculators yet, I was wondering if anyone knew what the actual rules are regarding 1)which phase and 2)previous day's range. I know the rules about 2.38 phases (302 pips) and (429 pips) so price should continue in this direction, but was wondering if there was anything else Bobi is referring to. Also, if the previous days range is high, is he perhaps biased in that direction, or perhaps we must expect a small range day after a large range day?

Many thanks
Mike
  • #3,969
  • Apr 20, 2013 2:35am Apr 20, 2013 2:35am
Hi Eckneophyte/Franz

I have a question regarding the Closing Fibonacci: in the example on the thread,the fib is drawn from closing price (100%) down 73 pips (0%). Please can you tell me if the calculator give this monthly number (in this case, 73 pips) now?

Many thanks
Mike
  • #3,970
  • Apr 20, 2013 3:14am Apr 20, 2013 3:14am
Hi Mike
which example are you referring to?
  • #3,971
  • Apr 20, 2013 3:45am Apr 20, 2013 3:45am
Quoting aebab
I'd like to introduce a new fibonacci which I call it Closing Fibonacci . Its one of my favorite tools I have in my chart in the beginning of new day . It works with close of USA market well . I am using FXPRO metatrader for charting purposes but I do not have account with them and I execute my orders in another platform . So use FXPRO for analysis and I found they have very accurate quotes but I am not satisfied with their support. As picture shows , place a fibonacci with 100% at close price and 0% should be 74 pips lower . I should say that...
Hi Eckneophyte

The above quote from pg 3 of thread
  • #3,972
  • Apr 20, 2013 9:21am Apr 20, 2013 9:21am
Sorry Mike
that is the question which Franz has to answer.
but anyway regarding closing I'm using the calculator.
for example if you check yesterday's daily TP & BO you will find 1.3118 and check it on the chart( but sometimes it won't happened in same day)
but I'm curious to know why price jumped to that level and reversed from 23.6% level of TPL3 and how to predict it by using templates.
there is a lots of information on calculators which I'm trying to find and understand them to make a better use of them
  • #3,973
  • Apr 20, 2013 10:12am Apr 20, 2013 10:12am
Hi Eckneophyte

Using templates, I can see 2 reasons for reversal at this level (1.3118): on Tpl 3, price could not close above High Reversal Point at 1.3111 by more than 7-10 pips therefore not broken.

On Tpl 4, price could not close 38 pips above 100% level (1.3089) and reversed at 1.3127 almost to the pip. I know Franz does not use 38 pips, he finds 30 pips to be more accurate but in this case it appears 38 was spot on.
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  • #3,974
  • Apr 20, 2013 10:49am Apr 20, 2013 10:49am
the first point I think Franz was talking about reversal point at 30 pips below 100% level, he didn't said anything about breaking the 100% level which needs 38 pips as Bobi clearly mentioned in his website.
second, I understood the reason of reversal but my main concern is about why price jumped to that level and broke several reversal points in only 15 minutes, how we can predict this movement before happening,
if you use calculator you will find some given daily points which 90 percent price reaches to those levels during the day but for yesterday those points didn't work exactly how they were working previous days.
  • #3,975
  • May 1, 2013 3:15am May 1, 2013 3:15am
Hi

Does anyone know if/when the template 3 and calculator for may will be available on the website?

many thanks
Mike
  • #3,976
  • May 2, 2013 2:13pm May 2, 2013 2:13pm
Maybe Saturday
  • #3,977
  • May 3, 2013 2:43am May 3, 2013 2:43am
Hi eckneophyte & Trader4567 ,
here are my Tpl 3 and 4 for May 2013 . If you want , try them . Attention : for the correct use of Tpl 3 , you have use the attached indicator ex4 . Regards.
Attached File(s)
File Type: tpl abonacci_template_power3_may_2013_by_franz.tpl   14 KB | 384 downloads
File Type: tpl abonacci_template_power4_may 2013 by franz .tpl   6 KB | 399 downloads
File Type: ex4 ! Aboonacci2OK.ex4   69 KB | 531 downloads
  • #3,978
  • May 3, 2013 3:44am May 3, 2013 3:44am
Thanks a lot Franz,
you don't mind if I ask how did you find the base line of tpl3 for this month, I used the software you gave me for tpl4 so there is any software for tpl3

thanks again for sharing with us
  • #3,979
  • May 7, 2013 8:19am May 7, 2013 8:19am
Hi all
as Mike asked before anybody knows about release of this month's calculator, this month took so long.

bytheway thanks Franz for templates.
  • #3,980
  • May 7, 2013 8:45am May 7, 2013 8:45am
Hi Franz, many thanks for templates (apologies for delay, for some reason I did not receive a notification about your post)

Regards
Mike
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