Funnily enough breakthru, I was just going through the same process. From what I have tested so far we don't need to change anything on the majors. That is probably due to the rubbish ranging we've had recently!! Good spot and suggestion though.

Pure & simple Abonacci system

I agree, on some pairs the MM levels are strong. But I have also noticed that on other pairs there is a certain abonacci level between the MM levels that appears to be more respected. I would suggest when considering a trade having a quick look left ...

Pure & simple Abonacci system

AU T4F TP Hit image

Are support and resistance levels predetermined?

Eu T5_103 short TP Hit

Are support and resistance levels predetermined?

Like most systems, ranging can hurt alot. One of the reasons we want price to have come from the 23% (or 76%) level is to try and ensure there is some momentum. I am searching for some more patterns to recognise - but I guess if anyone could predict ...

Pure & simple Abonacci system

Ok - I see - yes I had the abonacci template set to double the MM level distance.

Pure & simple Abonacci system

Hi Steve, welcome. Yes - to be honest most of the time it doesn't matter what TF you are trading on. The Abonacci levels are set to the MM levels. The MM levels to look back 256 periods (a year on the daily). The MM levels are mostly the same on the ...

Pure & simple Abonacci system

We have set it to look back over 256 periods (a year on the Daily TF), so when you look at the smaller time frames it will be different, bacuse it is looking back 256 hours, for the 1h TF etc. I am looking for a version that will allow us to set P ...

Pure & simple Abonacci system

Because the fib levels are between the Abonacci phase levels ie a phase is whatever length you put in the indicator (122, 244, 356 etc) . then fibs are drawn between the phase levels. The fibs in Abonacci have nothing to do with swing highs/lows. I ...

Pure & simple Abonacci system

Hi Paulus - I think this is logical steps and are quite simple - but I could well have missed something, or not been clear enough that your guy needs to know. You/he can PM me if something is missing or needs clarifying. Thanks for the help. ...

Pure & simple Abonacci system

That's FANTASTIC Paulus - thank you for your help . I will post the logic later.

Pure & simple Abonacci system

No problem - the way I see it is we have a short target of 1.6188. And we also have a long target of 1.6868 - that's a 680 pip gap. Which way will it go first? I don't know - but it will go one way or another. We got very close to the top target - ...

Are support and resistance levels predetermined?

Question guys - the abonacci indicator is simple yes? Take a price, specify a length and then create 0-100% fib levels up and down from that baseline. Can anyone recreate it with source code, so that I can get an EA made for it?

Pure & simple Abonacci system

Hey breakthru - glad you pumped about the system. You are right there is a 'mysterious' formula that bobi uses (hence the baseline). He is convinced that support and resistance levels are set at the beginining of the year (hence the start date for ...

Pure & simple Abonacci system

I'm not sure how you expect anyone to know that. According to T4F template - if price rises to above 1.6567 - then it should reach 1.66751 - but it could also drop 300 pips before doing getting there.

Are support and resistance levels predetermined?

Bobi visits the thread occasionally - he shared this annual method, last year, and turned came within week one of this year to give baselines - I have no doubt that next year, he will do the same if he is able. In the meantime - there's a lot of ...

Are support and resistance levels predetermined?

Yep - that's the deal but what he has given is valid until the end of the year and is profitable.

Are support and resistance levels predetermined?

AU Long T5_103 TP complete image

Are support and resistance levels predetermined?

- do it.

Are support and resistance levels predetermined?

Sounds good to me - can you get that organised?

Are support and resistance levels predetermined?