Hi wongsiio - I am trying to use common sense in choosing pairs. For example I am considering which currencies are strong and weak, which pairs have been trending on the daily/weekly chart, which has had a pullback. ie GBP has been trending up and I ...

Pure & simple Abonacci system

If you set the baseline to the dark blue MM level - this is the central MM pivot level. I understand it to be a significant level, but it would only change whether I trade the abonacci phases if looking back I can see price consolidates or spikes at ...

Pure & simple Abonacci system

AU T5_103 Long - TP 0.93083

Are support and resistance levels predetermined?

Missed the AU Long T4Y_680 - TP 0.93650

Are support and resistance levels predetermined?

AU T5_2_2 TP hit

Are support and resistance levels predetermined?

Fantastic Paulus - thank you very much.

Pure & simple Abonacci system

Are you saying it didn't break 61.8 by 10 pips? If so, you're right, hence I described the signal as dubious. But as we have higher targets it makes little difference .

Are support and resistance levels predetermined?

Hmmm - my broker shows it went to 1.64648 - we'll see what happens

Are support and resistance levels predetermined?

I agree, but the markets rarely seem to be logical... trade what you see etc...

Are support and resistance levels predetermined?

I think it's also a dubious long T4F signal. Price only just broke below the 61.8% level and has broken 10 pips above the 100% by a whisker - can't post charts at the moment I'm afraid. Wouldn't criticise anyone for not taking it - but I'm having a ...

Are support and resistance levels predetermined?

Ah ok, I see what your saying - thanks for explaining. I did consider whether to test using the Annual Pivot, but the thing MM levels and Abonacci both do is create phases or rooms. So, matching the two methods to work together seems to make sense ...

Pure & simple Abonacci system

Honoured to have you visit FX-Ray - I am probably being thick (hence my username), but I am not sure I follow what you mean - would you mind expanding a bit?

Pure & simple Abonacci system

I agree. I think the MTF presents an additional complexity and I am not sure what it adds - a price level is the same whatever TF you are looking at the charts with. I would suggest that if someone wants to trade abonacci/MM Levels on shorter ...

Pure & simple Abonacci system

I can try - but can't guarantee anything.

Pure & simple Abonacci system

Thanks for the insight jmss.

Pure & simple Abonacci system

Great news - congratulations.

Pure & simple Abonacci system

Hi Aussie - I guess the only thing to do is create the charts once and then save them as a profile.

Pure & simple Abonacci system

Hi I'm not sure I understand what you mean. All entries and (most) exits are as per the rules for each template.

Are support and resistance levels predetermined?

Wow - I'm impressed with level of research going into this. There are three elements to how Bobi described his Abonacci trading based on his predeterminatino theory. 1. A formula to calculate a baseline. 2. Different length templates for nearer or ...

Pure & simple Abonacci system