Are support and resistance levels predetermined? | Page 6 | Forex Factory

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Are support and resistance levels predetermined?

  • #101
  • Sep 27, 2013 12:29pm Sep 27, 2013 12:29pm
Quoting aebab
Introduction of T5_103F Template Its time to introduce one of the templates that is very useful for short-medium term trading. Length of each phase= 103 pips RULE: Break of 38.2% Level -------> Target 47 pips Break of 61.8% Level -------> Target 47 Pips We can say 38.2% is broken when price is traveling from 76.4% of lower phase and rises 7 pips above 38.2% level of current phase. We can say 61.8% is broken when price is traveling from 23.6% of upper phase and falls 7 pips below 61.8% level of current phase. The baseline and the template is valid...
Hy Boby,
i confused with the rule of Break of 38.2% Level -------> Target 47 pips. You said that 38.2% is broken when price is traveling from 76.4% of lower phase and rises 7 pips above 38.2% level of current phase. But In the picture , areas, labeled 1 , the price has travelling from 76.4% of upper phase...??? And the 47 pips target count from where..?

Please more explaination for me.

Thx.
  • #102
  • Sep 27, 2013 12:31pm Sep 27, 2013 12:31pm
Quoting aebab
Market is full of secrets. I have discovered 64 types of behavior for each pair! Please have practice on those templates I uploaded and if you find something useful , please share with others. And after all , if you still like to know some other secrets and templates , please let me know I will upload some more templates with different rules. I hope I have been successful to let you know that the market is predetermined and all levels are predefined and we should change the way we are watching the world. Regards

Thanks again Bobi. Keep up the good works!
  • #103
  • Sep 27, 2013 12:47pm Sep 27, 2013 12:47pm
Dear Boby,

I've confused with the rule of Break of 38.2% Level and Target 47 pips.
For the Break of 38.2% ---> you said that "We can say 38.2% is broken when price is traveling from 76.4% of lower phase and rises 7 pips above 38.2% level of current phase".
But in the sample picture, areas, labeled 1 , has travelling from 76.4% of upper phase (NOT lower phase).

And for the target of 47 pips are count from where..?

Thank you for your explanation.. ^_^

regards
  • #104
  • Sep 27, 2013 1:38pm Sep 27, 2013 1:38pm
Quoting SemaR82
Dear Boby, I've confused with the rule of Break of 38.2% Level and Target 47 pips. For the Break of 38.2% ---> you said that "We can say 38.2% is broken when price is traveling from 76.4% of lower phase and rises 7 pips above 38.2% level of current phase". But in the sample picture, areas, labeled 1 , has travelling from 76.4% of upper phase (NOT lower phase). And for the target of 47 pips are count from where..? Thank you for your explanation.. ^_^ regards

Could you please describe with a picture what you mean ?
Thanks a lot.
Learn to walk before you run
  • #105
  • Sep 27, 2013 1:49pm Sep 27, 2013 1:49pm
Could you please participate in the poll so I will know what kind of templates will be suitable for you ?
regards
http://www.forexfactory.com/showthread.php?t=449489
Learn to walk before you run
  • #106
  • Sep 27, 2013 2:04pm Sep 27, 2013 2:04pm
Hi Boby

I can only speak for myself but I would imagine most would be intrested in day trading can you please provide templates for day trading or the shortest time period.

Thanks in advance
  • #107
  • Sep 27, 2013 2:12pm Sep 27, 2013 2:12pm
Bobi - thank you very much, I really appreciate having you back and all that you have provided for us before the weekend for us to study how to implement the proper use of the wonderful tools you have given us.
  • #108
  • Sep 27, 2013 2:15pm Sep 27, 2013 2:15pm
Quoting aebab
{quote} Could you please describe with a picture what you mean ? Thanks a lot.
Thank you for your response, here i attach image, hope you can understand what i mean.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2013-09-28-02-05-09.png Size: 472 KB

In your rule you said that 38.2% is brokenwhen price is traveling from 76.4% of lower phase. But in picture tell diffrent.
I'm sorry if i don't understand.
Thank you before
  • #109
  • Sep 27, 2013 3:24pm Sep 27, 2013 3:24pm
Subscribed!

Could you define what you consider a:

Short Term Trader ?

Medium Term Trader ?

Long Term Trader ?

Day Trader ?

This may seem silly but I have seen many different definitions for these terms from different traders on these forums, also, Is FXPRO the only broker we can use to run your fine indicator on, for accurate results?
  • #110
  • Sep 28, 2013 2:06am Sep 28, 2013 2:06am
Attached Image (click to enlarge)
Click to Enlarge Name: t698.jpg Size: 102 KB
  • #111
  • Sep 28, 2013 2:49am Sep 28, 2013 2:49am
Quoting aebab
{quote} 1- You should appoint the template , then we can talk about . 2- Time frame is not important , but if you like to get a rapid signal , use 15M time frame as I use. 3- I did not get what you mean. If possible , please use picture for better understanding. 4- 10 units. For Gold , its 10$
Hi - thanks for the response. The answer to my question may have been in the rules for T5_105. Where you state that for a break to be valid price needs to have come from from 23.6 of upper phase and falls 7pips below 61.8%.

This is really clear for T5_105. But I don't think you included where price needs to have come from for breaks on the other templates. Also, knowing how many pips makes a break. Thanks for everything your giving here.
  • #112
  • Sep 28, 2013 9:51am Sep 28, 2013 9:51am
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 Bobi
it seems there is a mistake in Gold Template.
The phase must be 2200 points (220 pips) but it is 22000 points.
  • #113
  • Sep 28, 2013 12:20pm Sep 28, 2013 12:20pm
Quoting SemaR82
{quote} Thank you for your response, here i attach image, hope you can understand what i mean. {image} In your rule you said that 38.2% is brokenwhen price is traveling from 76.4% of lower phase. But in picture tell diffrent. I'm sorry if i don't understand. Thank you before
I think the error is in the labelling where Aebab states 'In the picture , areas, labeled 1 , can be called break of 38.2% level and completed their journey.
Area , labeled 2 can not be said to be a breakout has occurred as price has not traveled from upper phase(according to the rule)
Areas, Labeled 3 can be said have not completed their journey and should be completed later as missed targets .
Areas , Labeled 4 can be said Bullish Breakout areas as 38.2% were broken or if broken could drive price for 47 pips to reach the targets.'

I think Label 1 should say 61.8, Label 4 is the same as Label in the above, but different on the diagram. On the diagram both labels are a break of 61.8% having come from 23.6% of the upper phase.
  • #114
  • Sep 28, 2013 12:27pm Sep 28, 2013 12:27pm
ive only flipped over the thread so excuse that fact.

i use a set of calculations across multiple time frames to find predictable levels were orders are building.i look for convergence of these levels and trade the gaps between interest.they are extremely accurate.they are also based on the natural ingrained behavior trates inherent in our very make up .although they give me no guidance to directional bias at that calculated moment.

the longer term levels are quite mind blowing as the lesser time frames start to converge towards them.within a longer cycle which can take many months to complete .the converged price zone is between 10 to 25 pips.

anyways a little of topic just wanted to support the fact that we can find levels in the futer were interest is building and orders are resting

dice
  • #115
  • Sep 28, 2013 1:27pm Sep 28, 2013 1:27pm
Quoting aebab
Introduction of T5_103F Template.... If price can not complete it journey and can break its opposite breakout level , then we can say trend is changed and will complete the opposite direction (90% of the times will move to 100% level of opposite phase) . But the missed target will be still valid to be met in future. {image}
Please could you explain this a little further ie what is the 'opposite breakout level'.

Again trying to calculate where to put SL. Thanks
  • #116
  • Edited 4:55pm Sep 28, 2013 4:01pm | Edited 4:55pm
Hi Bobi, do you have any plans to issue monthly version 6.2 calculators as you did before? Also, this might sound far fetched, but on Ver. 6.6, is it possible to create an unlimited swirl point generator?
  • #117
  • Sep 29, 2013 5:41am Sep 29, 2013 5:41am
Quoting hollowhead
{quote} I think the error is in the labelling where Aebab states 'In the picture , areas, labeled 1 , can be called break of 38.2% level and completed their journey. Area , labeled 2 can not be said to be a breakout has occurred as price has not traveled from upper phase(according to the rule) Areas, Labeled 3 can be said have not completed their journey and should be completed later as missed targets . Areas , Labeled 4 can be said Bullish Breakout areas as 38.2% were broken or if broken could drive price for 47 pips to reach the targets.' I think...
Hi, hollowhead, thank you for your explaination i really appreciate it ^_^ and I hope boby can make this thing clear out too.
  • #118
  • Sep 29, 2013 7:51am Sep 29, 2013 7:51am
Quoting aebab
{quote} Hi 1- How do we determine the baseline input number? I already answered . I have designed a calculator that would be adjusted for each instrument. Besides, That has become my company's property and can not be revealed . You know this theory is not a simple tool and I have spent more than 4-5 years to discover such a unique stuff. My aim to introduce the theory is to let the others to know , the way they are moving , should be diverted. I had been succeeded as I see many traders with good knowledge of math have designed some templates and...
Thanks for getting back to me. Then how can we use the indicator properly if we don't have baseline input numbers?
If I give you my list of pairs that I trade would you supply the baseline numbers. Or can your calculator be purchased?
Thanks,
Paul
  • #119
  • Sep 29, 2013 8:29pm Sep 29, 2013 8:29pm
Hi aebab. Do you have templates for the 1-15 minute timeframes and are they forever constant in size like the 965? Thanks
  • #120
  • Sep 30, 2013 2:59am Sep 30, 2013 2:59am
Hi Stinky,

I saw Aebab writing somewhere uphere that every template can be used on all tf's. So not separate template made different time frames.

Regards,
Ben
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