DislikedImpressive explanation! Thanks.
How do you know it's short begining from 1.3950?Ignored
Cheers
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DislikedImpressive explanation! Thanks.
How do you know it's short begining from 1.3950?Ignored
DislikedIm going off of the original calculation here and bobbi mentioned that you can only use the swing break out numbers if you enter other close numbers in. But the original day calculation. Pull back level is 3840 so that has been broken with a tendency level of 3754. I would say this has further to go on the down side.Ignored
DislikedFXMajors. Thanks for your post have been following this thread for a few days now. If I understand correctly does it mean that if you miss an entry at a certain level ie once it broke 1.3857 earlier today you can wait till it breaks the next level of S or R by 2 pips and enter long short there? targeting the next level?
ThanksIgnored
DislikedThanks for all your feeling about trading with Abonacci System .
I see now many are believing that market levels are predetermined and with that idea you are trading . I feel I am getting to my goals to change the way of trading . I say whenever all are pointing toward the same direction and same point(TP) then that will be a system to carry. You see that in the market , price is going to a certain level . But each person is giving an idea and a level . But in this system all traders are pointing to the same direction and level . Like today that...Ignored
DislikedAs I understand you can find the lower low add value into the close section of the calculator for new levels, then again I am not an expert or authority on this system. Look at my last post with image it might give you some insight.. I'm short and EU is preeeeeeeeety bearish...
CheersIgnored
DislikedHi..
I am new here..
Where can i download the software and templates or notes?
Thanks,
kIgnored
DislikedAs I understand you can find the lower low add value into the close section of the calculator for new levels, then again I am not an expert or authority on this system. Look at my last post with image it might give you some insight.. I'm short and EU is preeeeeeeeety bearish...
CheersIgnored
DislikedYou are absolutely right. EU just broke the DOWN TREND SENTIMENT level which I have at 1.3815. It has gone as low as 1.38066. Now we know NY session is going to be BEARISH. Let's wait and see where we close for the week.
BTW: I beleive UK is changing their time from Daylight savings to regular time over this weekend on Sunday. I'm not sure how this will affect FXPro's chart. So keep that in mind.Ignored
DislikedYou are absolutely right. EU just broke the DOWN TREND SENTIMENT level which I have at 1.3815. It has gone as low as 1.38066. Now we know NY session is going to be BEARISH. Let's wait and see where we close for the week.
BTW: I beleive UK is changing their time from Daylight savings to regular time over this weekend on Sunday. I'm not sure how this will affect FXPro's chart. So keep that in mind.Ignored
DislikedThats right, we change back to GMT over the weekend, so be aware that instead of London opening at 10am FXPro time they will open at 11am FXPro time.Ignored
DislikedFX yes that makes sense.I get the same figures when entering the 1.3815 Down Trend Sentiment figure.
So basically the re-calcualted range is 1.3826 - 1.3739
1st test is 1.3809 at the 61.8 if fails that will likely test the 38.2 fib at 1.3770
I think one of the problems why people struggle a bit with understanding this is the labelling of levels as support and resistance.
For example labelling the Close_Resis. Why resistance? As far as I can see this is more like a support level as Pullback Signal is here and that says should not...Ignored
Disliked
I think one of the problems why people struggle a bit with understanding this is the labelling of levels as support and resistance.
For example labelling the Close_Resis. Why resistance? As far as I can see this is more like a support level as Pullback Signal is here and that says should not be broken.Only if the level gets broken by 10 pips can we call it a Resistance level.Ignored