Are support and resistance levels predetermined?

I used the wrong word "reversal". I meant retracement not reversal. And I expect a 600-800 pips retracement (from 1.0970-1.0948 area) before going down again. If price will go below 1.0948 then the downtrend will follow its course.

So sad, my SL was hit below 1.0948

To AEBAB - I have been using your template for most of last year and the beginning of this year with success. So I understand mostly how they work.
They are very accurate but you must be patient. The primary thing I do not understand is --- HOW DO I FIGURE OUT WHERE THE EUR/USD WILL GO FOR THE ENTIRE YEAR BASED ON the template at the beginning of the year. How low and how high do the charts predict the movement of that currency? I understand the rules and I follow it on a daily basis but I do not understand the predictive qualities for the entire year. Will you please enlighten me / us> Thank you.
Hollowhead if you or any other trader know the answer please let me know. Thanks Tom

This is my outlook.

Thanks EarlRoy BUT where in the Heck did you come up with that analysis.

yes can you explain please

hi friends
can anybody say the template t4y_680 faild?

http://www.forexfactory.com/showthre...449489&page=11
yes

Thanks Magnat I had forgotten all about that.

T4Y-680 failed again.
Something wrong, Bobi?

Hi Magnat,

why do u think 680 failed, as for I interpreted Bobi rules it trigger a long @ 1.10115 target 1.1177 after reached sell target @ 1.0497 (50% and didn't break it by 59 pips.
see pic and will be glad to comment with you!
http://screencast.com/t/unb9WOTxqf

Hello,
Bobi said T680 never fail, so that, I think levels in two phases are going to be completed, especially when T1030 in not finished yet.

Hi Gisela,

T4Y_1130 triggered short 76.4% @ 1.05343 -42 pips = 1.04923 so target is 50% @ 1.0236.

T4Y_680 triggered long 23.6% @ 1.09975 + 14 pips = 1.10115 target 1.1177.
If price will met T4Y_680 target T4Y_1130 will have an incomplete phase down because it will trigger a buy @ 1.10677 + 42 pips = 1.11097 so new up target will be
50% of T4Y_1130 @ 1.1366.
My view is to complete T4Y_1130 @ 1.0236 and then up to 1.1366. This is my interpretation of Bobi rules.

Happy to improve each other mastering this beautiful concepts !

http://screencast.com/t/98gc6QwTokQ7

[quote=Saetta_FX;8161521]Hi Gisela, T4Y_1130 triggered short 76.4% @ 1.05343 -42 pips = 1.04923 so target is 50% @ 1.0236. T4Y_680 triggered long 23.6% @ 1.09975 + 14 pips = 1.10115 target 1.1177. If price will met T4Y_680 target T4Y_1130 will have an incomplete phase down because it will trigger a buy @ 1.10677 + 42 pips = 1.11097 so new up target will be 50% of T4Y_1130 @ 1.1366. My view is to complete T4Y_1130 @ 1.0236 and then up to 1.1366. This is my interpretation of Bobi rules. Happy to improve each other mastering this beautiful concepts ! http://screencast.com/t/98gc6QwTokQ7[/quote]

Saetta - I think you are correct in your interpretation - my only question is ---Which way will price move and hit its target first? We can pretty much get around that concern by placing Limit orders or stop orders at appropriate places above and below the current price. What do you think? Everyone chip in with some opinions.

Yes Saetta, I completely agree with you. I also mentioned the T1030 template (remember? T103 * 10 and the same rules apply) and 1.02345 is the target here and coincides with T1130. I'm not sure which one phase or template is going to be completed first but we must trust that both T680 and T1130 will not fail. So I suggest guiding us through T103 to follow the trend of the two biggest templates.

Hey Guys & Girls -- Here are my Set orders and TP

1. Long @ 1.100 with TP at 1.11770 This is based on the fact that we are in a correction mode Long on E/U so I am betting we go long first.
2. Short @ 1.06605 with TP at 1.04970
3. Short @ 1.0450 with TP at 1.03175

These are all based on the Abonacci 680 template and the rules associated with that template.

Would really love to hear from others.

Hey Gisela - I did not see your post until I had already posted my second one. Will ck out the 103 and 1030. Thanks

Edit: Just checked the 103 template and added the following trades (limit /stop orders)
1. Long @ 1.09384 with TP at 1.09790
2. Short @ 1.0845 with TP at 1.0805

I don't always go the entire 47 pips just close enough at about 40 pips for TP

Hey Magnat that sucks - been there and had it done to me. Here is something I started doing and it helps me.
1. Of course I use the Abonacci appropriate template.
2. I add a 5 ema shift 3 typical
3. I add Heiken Ashi Bars

When something turns around on me and the HA bars change color and the retrace goes above the 5/3 ema I get out and sometimes enter a reverse trade.

Don't know if it helps but there it is.

WE have another clear LONG signal from the 680 template on E/U.