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Are support and resistance levels predetermined?

  • #61
  • Sep 26, 2013 6:42pm Sep 26, 2013 6:42pm
Yes Bobi, these templates are very useful. Thanks again for all you have given us. My question is, can we use the old T4 Baseline generator to get the Baseline for T4F? if not are you going to provide us with a new T4F Baseline generator? Thank you!
  • #62
  • Sep 26, 2013 8:05pm Sep 26, 2013 8:05pm
Quoting aebab
If you think the introduced templates are useful , Please let me know to upload some other useful templates. Regards
Uploading some templates would be greatly appreciated.
Very interesting concept.
  • #63
  • Sep 26, 2013 9:26pm Sep 26, 2013 9:26pm
Quoting aebab
If you think the introduced templates are useful , Please let me know to upload some other useful templates. Regards
Hi Bobi, nice to see you in a new thread, thanks for your fantastic work, very useful. And yes, waiting for 103 pips template and its rules.
Regards.
  • #64
  • Sep 26, 2013 10:10pm Sep 26, 2013 10:10pm
Quoting aebab
Introduction of T4F template This template can be used to know when the trend is going to change and where will be the target? Its easy to understand and I have described in the pictures . The length of the phase is 220 pips . Its derived from T4Y template. I love this template. This time I have an example about GOLD. So when you want to set the Size in the setting of indicator, use 2200 to draw phases. (Its only for GOLD) Rule: When price falls below 61.8% , or rises above 38.2% , it should continue to reach 23.6% or 76.4% respectively and to happen...
Dear Boby ,


would you mind to tell us what is baseline for Gbp Usd for this T4F template? very big Thanks ^^

ps. You have not yet draw it or mention it for gbp usd before
  • #65
  • Edited 3:05am Sep 27, 2013 12:08am | Edited 3:05am
Quoting aebab
{quote} I see no violation on template 3 . Because we have no rule to say it is not allowed to break phase line 0% before hitting 76.4%. It can be another reason that we have to reach 1.3640 because template 3's target has not been hit so far.
Hi Bobi...

I am now confused... On a previous PDF and video you made about template 3.. it stated that once price breaks 38.2% upside, then it should reach 76.4% and then eventually 100% but it should not break 0% before reaching to 100%... Perhaps the rules have changed now but I go by the previous rules you laid out... if this is the case then:

if the baseline for this month is 1.3292 as you stated then then the following levels in the current phase are:

0% - 1.3494
23.6% - 1.3520
38.2% - 1.3540
50% - 1.3560
76.4% - 1.3581
100% - 1.3621

forgive me for no pics as I don't have my trading laptop with me with charts and mt4 etc...

however - 38.2% has broken at 1.3540... so according to the PDF and video - it states that 1.3621 (100%) must now hit before 0% breaks at 1.3494.. This did not happen..

I could be wrong with the rules... or maybe something has changed... please kindly explain if you have the time... thanks
  • #66
  • Sep 27, 2013 12:21am Sep 27, 2013 12:21am
Hi traders, I rarely comment on any post but this one has definitely caught my attention; as I have been trading for the past three days on a demo account based only on market flow, price action, chart patterns, DH's & DL's, support & resistance. I have also come to the conclusion that the best indicator is 'price' along with S & R after seeing my returns, however it is quite remarkable how price reacts on each level of S&R regardless if it has been predetermined by the big dogs, fundamental economic indicators, media, which is another monster of its own, but the fact is what I see on my screen 'price' and every trade that I took in almost three days were just based on these trading principles. Where do most of these double digit numbers ending in: 00 and others just ending in (5) which start or end precisely at every S&R on my chart come from? No idea, I'd rally this is how they price these financial instruments or they tagged for future reference and uncannily after every consolidation. Did it happened on most currencies pairs? Yes. Is there a pattern? There has to be since human psychology behavior has its own patterns and people are what drive the markets, nevertheless I am still perplexed of these double digit numbers stopping precisely on the S&R zones where I bought or I sold...in fact I didn't even used fibonacci as the technical analysis prophet, since I don't even know how to use it properly--yet. Although, it is a demo account but the flow of the market remains the same as price does as well, yes, I know that the psychological effect is quite different when trading with live currencies but just for a technical illustration purpose I've decided to shed my two cents on this topic and after reading Bobby's analysis this gives me a greater sense of confirmation, so ladies & gentlemen we are definitely on to something here and hats off Bobby excellent post!

happy trading!!
  • #67
  • Sep 27, 2013 3:24am Sep 27, 2013 3:24am
Jaylovin- I think you have the wrong baseline for T3, please recheck, I think 1.3240 is the baseline.
  • #68
  • Sep 27, 2013 3:42am Sep 27, 2013 3:42am
Hellooo traders

I'm trading only PA and fibs... but I really like your concept. I applied your template for EURUSD. One question, if you draw a fib, from the high in feb to the low in march you have a nice fib, when you compare the fib levels to your zones they are 'nearly' the same. So maybe you can explain me the diffs between your levels and normal fibs from big swings... I think it's the same system? Thank you
  • #69
  • Sep 27, 2013 4:13am Sep 27, 2013 4:13am
Quoting earlroy63
Jaylovin- I think you have the wrong baseline for T3, please recheck, I think 1.3240 is the baseline.

hi earlroy.. you are correct... 3240 is the baseline... but my phase line at 0% is still correct at 1.3494... thanks again
  • #70
  • Sep 27, 2013 4:23am Sep 27, 2013 4:23am
Quoting Ratson
Yes Bobi, these templates are very useful. Thanks again for all you have given us. My question is, can we use the old T4 Baseline generator to get the Baseline for T4F? if not are you going to provide us with a new T4F Baseline generator? Thank you!
Hi
No you can not calculate T4F with the T4Calculator. As T4Calculator was developed for monthly projection and new theory uses Annual range to project fib levels for next year. In new theory I have mixed many factors to produce baseline . Factors like Annual Sentiments,Pivotal Sentiments ,...
Learn to walk before you run
  • #71
  • Sep 27, 2013 4:26am Sep 27, 2013 4:26am
Quoting na_r2000
{quote} Dear Boby , would you mind to tell us what is baseline for Gbp Usd for this T4F template? very big Thanks ^^ ps. You have not yet draw it or mention it for gbp usd before
The baseline for GBPUSD used in T4F is 1.6429 .
Just look at the picture and find how price respected the levels and Abonacci rule.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_T4F_2013.png Size: 67 KB
Learn to walk before you run
  • #72
  • Sep 27, 2013 4:30am Sep 27, 2013 4:30am
Quoting jaylovin
{quote} Hi Bobi... I am now confused... On a previous PDF and video you made about template 3.. it stated that once price breaks 38.2% upside, then it should reach 76.4% and then eventually 100% but it should not break 0% before reaching to 100%... Perhaps the rules have changed now but I go by the previous rules you laid out... if this is the case then: if the baseline for this month is 1.3292 as you stated then then the following levels in the current phase are: 0% - 1.3494 23.6% - 1.3520 38.2% - 1.3540 50% - 1.3560 76.4% - 1.3581 100% - 1.3621...

I do not remember that I have mentioned not to fall below 0% when it breaks 38.2% . When there is a regular trend , it should not fall below 61.8% of lower phase. But still the target is valid when it breaks 38.2% as its valid for this month and market should and must hit 1.3591 according to template 3
Learn to walk before you run
  • #73
  • Edited 5:08am Sep 27, 2013 4:44am | Edited 5:08am
Quoting Plew
Hellooo traders I'm trading only PA and fibs... but I really like your concept. I applied your template for EURUSD. One question, if you draw a fib, from the high in feb to the low in march you have a nice fib, when you compare the fib levels to your zones they are 'nearly' the same. So maybe you can explain me the diffs between your levels and normal fibs from big swings... I think it's the same system? Thank you
Hi
Please focus on the concept. When are you drawing the fib levels between Feb-March ? when market has performed its movement and then you should project the fib levels for next movements? But our theory says , we are drawing the fib from the beginning minuets of the new day in new year . So we are ahead of any events,any movements and we know where market may react and where it breaks and where will be the target after breakout?
By Predetermination Theory , we should be able to predict where price is heading for( regardless of the reason) and being able to find saturation levels and even Demand and Supply levels. And Abonacci Predetermination Theory says we should be able to generate phase levels for any entity that have Values of High,Low,Close for specific period. For example I am in cooperation with a governmental institute to predict FLOOD for some areas as they have not been succeeded to predict by conventional prediction tools and software. The only values I asked them to provide was just Highest value of discharge of water,lowest and the last survey of water discharge rate in specific area they desire to predict. Then when I did prediction and none of them could believe how accurate was the prediction . I used T4F,T5_965 and some other templates for prediction of Discharge rate for that specific area.
Learn to walk before you run
  • #74
  • Sep 27, 2013 4:47am Sep 27, 2013 4:47am
Quoting aebab
{quote} The baseline for GBPUSD used in T4F is 1.6429 . Just look at the picture and find how price respected the levels and Abonacci rule. {image}

very big thankssss ... God bless u ^^
  • #75
  • Sep 27, 2013 4:59am Sep 27, 2013 4:59am
Quoting Gisela
{quote} Hi Bobi, nice to see you in a new thread, thanks for your fantastic work, very useful. And yes, waiting for 103 pips template and its rules. Regards.

Hi Gisela.
You are welcome. I will post template 103 pips today.
Learn to walk before you run
  • #76
  • Sep 27, 2013 5:14am Sep 27, 2013 5:14am
Quoting aebab
Rule: When price falls below 61.8% , or rises above 38.2% , it should continue to reach 23.6% or 76.4% respectively and to happen this scenario , it should not fall below 100% level. If happens , trend is changed and it will reach to opposite target. See the picture to instil. {image} {image} {image}
I really appreciate you're willingness to share this - it looks really powerful. I have a couple of questions if I may.

1. Are there any entry/SL rules you use. I see the principle - trade the break of 61.8/38.2 and reverse if falls/rises beyond the 100%. Do you set a SL beyond the 100% - if so how far? 20pips?
2. What time frame do you enter/exit on T4F?
3. When you say price falls/rises - what exactly does that mean (stupid sounding question I know), but does price need to have at least come from the preceding fib 76.4/23.6. eg - GU has spike above 61.8 and dropped below. Does is at least need to have gone above 76.4 and come below 61.8 on a lower TF? Hope that makes sense.
4. When you fall below 100% level - is that by a certain number of pips?

As you can tell, I am trying to understand so that I can set myself some rules to trade.
  • #77
  • Sep 27, 2013 5:19am Sep 27, 2013 5:19am
Hi Bobi,
Two questions regarding your system.
1. How do we determine the baseline input number? I see you say its complicated but if I want to try this with other pairs I would need to know how to come up with that number.
2. What year calculations do you mean? Are we talking about 2012 or 2013?
Any input would help a great deal in trying to understand your concept.
Thanks,
Paul
  • #78
  • Sep 27, 2013 5:30am Sep 27, 2013 5:30am
Quoting aebab
Introduction of T4F template This template can be used to know when the trend is going to change and where will be the target? Its easy to understand and I have described in the pictures . The length of the phase is 220 pips . Its derived from T4Y template. I love this template. This time I have an example about GOLD. So when you want to set the Size in the setting of indicator, use 2200 to draw phases. (Its only for GOLD) Rule: When price falls below 61.8% , or rises above 38.2% , it should continue to reach 23.6% or 76.4% respectively and to happen...
Aebab - I see you have written in the post Gold size is 2200, but on the image attached you have used 22000. I'm guessing the image is correct (22000).
  • #79
  • Sep 27, 2013 5:40am Sep 27, 2013 5:40am
suscribed very interesting
  • #80
  • Sep 27, 2013 5:45am Sep 27, 2013 5:45am
Can I ask about the T4F on Gold to get this clear in my head?

As you can see price rose above above 38.2 (1383.4), didn't reach 76.4 (1467.08) and broke the 100 (1299). According to the rules Gold is now going to go down to 76.4 (1247.06)?

Attached Image (click to enlarge)
Click to Enlarge Name: gold-d1-fxpro-financial-services.png Size: 64 KB
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