The length settings is the distance between MM levels. All we are doing is creating abonacci phases between the MM levels. If you set the MM 'P' to be for 256 (a year's trading days), then we have annual levels. As long as the 0%/100% line up with ...

Pure & simple Abonacci system

It looks like a good trade to me. It is possibly retesting the 23.6%, so could be resistance turning support.

Pure & simple Abonacci system

Hi Shon The first column lists the templates. The next column lists the signals that are current/uncompleted on those templates and the target (TP) At the bottom is 'Overall' - This is normally a summary of the furthest opposing signals and if I ...

Are support and resistance levels predetermined?

I can only really tell you what levels need to play out. There are two bullish trades that need to complete. A T4Y_1130 TP-1.6827 and a T4Y_680 TP-1.6868. After completing those, it goes up beyond 1.6927 then another T4Y_680 long trade will signal ...

Are support and resistance levels predetermined?

Schoolboy error that changed the meaning somewhat . Thanks for letting me know bobha.

Pure & simple Abonacci system

I've updated post 1 with a little more guidelines on how to set the charts up. I hope this is clearer.

Pure & simple Abonacci system

Hi tmoney - welcome to the thread. If we go back to beginning, among other things Bobi Abonacci discovered that the markets are not random and move within phases - not a new revelation in itself, repeating patterns etc. But he also discoverd what ...

Pure & simple Abonacci system

Nice one Fbird - thanks for sharing.

Pure & simple Abonacci system

Entered Long on AJ - TP at 76.4% line. SL 5 pips below 100% image

Pure & simple Abonacci system

The numbers for the trade could be 1st Trade - Enter at 23.6% TP 64 pips SL 32 Pips (possible move to BE when 32 pips in profit) Reverse trade Go short at 0% -5 pips TP - 55 pips SL - 32 pips

Pure & simple Abonacci system

I think a variation on the Abonacci T4F rules is worth testing What I'll look at is First establish trend - if long then enter at cross of 23.6% target 76.4%. If it reverses and cross below the 0%/100%, then close (if you haven't already moved stop ...

Pure & simple Abonacci system

Sounds like a good idea.

Pure & simple Abonacci system

For XXX.XXX pairs I think multiplications of 625 work and seem to be consistent. 156, 312 and 625 create nice phases to trade.

Pure & simple Abonacci system

So, this means multiplications of 122 work - that's the same as other x.xxxxx pairs. Is this a universal truth based on MM math? So if you want to trade more intraday (1hr), you could use 122 or if you are looking for longer term (4h) you would use ...

Pure & simple Abonacci system

Thanks for dropping by - it'll be good to have your input.

Pure & simple Abonacci system

Done it's here. Let me know if anything is unclear or could be explained better. I will still be contributing as much as I do/can here, but hopefully see you on the other side.

Are support and resistance levels predetermined?

In no way do I want to detract from Bobi's methods or system here - but I do think this is really interesting - and many of us would probably like to look at other pairs using Bobi's principles - especially when things are ranging or not as clear ...

Are support and resistance levels predetermined?

OK - excuse my ignorance - how did you arrive at 1.66016 as the GU baseline in the example posted?

Are support and resistance levels predetermined?

Sounds interesting ubenders (that sounds all wrong!!) I don't know much about Murrey Maths, but looking at it it looks like with clear rules, there is a flow which could be profitable. Back testing would tell. I guess the ultimate question for me is ...

Are support and resistance levels predetermined?