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Are support and resistance levels predetermined?

  • #161
  • Edited 9:27am Oct 1, 2013 8:45am | Edited 9:27am
Just in case anyone is interested - I took the AU long last night (BST) on the T5_103F from 38.2% to 76.4% - happened all while I was asleep which was very nice.
Have now entered short on gold. One the TF4, the rise in August didn't reach the 76.4% (1467), has now dropped below the 100% for the second time, and according to rules (I think) should drop to the 23.6% (1130), and then eventually hit the 1467. It also looks like it may cross the 38.2% o the T5_103F, which will help confirm the short.

Hope I've got that altogether ok.

Hey Bobi - love this way of trading so far. We can make a killing with just these templates - I really don't feel like I need anymore templates, but would love some more baselines maybe a yen pair, and a swiss?

EDIT - changed name of template to T4F as Forex Lion pointed out
  • #162
  • Oct 1, 2013 9:02am Oct 1, 2013 9:02am
Quoting hollowhead
Just in case anyone is interested - I took the AU long last night (BST) on the T5_103Ffrom 38.2% to 76.4% - happened all while I was asleep which was very nice. Have now entered short on gold. One the T5_220, the rise in August didn't reach the 76.4% (1467), has now dropped below the 100% for the second time, and according to rules (I think) should drop to the 23.6% (1130), and then eventually hit the 1467. It also looks like it may cross the 38.2% o the T5_103F, which will help confirm the short. Hope I've got that...
Hi Hollowhead,

I did not found the template T5_220 on this thread...is the template from another thread?
Thanks and regards,
Peter
  • #163
  • Oct 1, 2013 9:26am Oct 1, 2013 9:26am
Quoting Forex Lion
{quote} Hi Hollowhead, I did not found the template T5_220 on this thread...is the template from another thread? Thanks and regards, Peter
Hi - my mistake its the T4F template (post 54) (which uses 220 size, 22000 for gold) - for some reason I called it that, probably because I don't know what T4F stands for!! Have changed the post to be accurate.
  • #164
  • Oct 1, 2013 9:30am Oct 1, 2013 9:30am
Quoting lyubo
{quote} Thanks for the quick response. Indicator which is attached for a long period. I realized that T3 is for a short period What is the value in pips to be input for a short period.

hello...you can change the period for the template... otherwise here is the post that will give you all the files and instructions you need:

http://www.forexfactory.com/showthre...57#post6785457
  • #165
  • Oct 1, 2013 10:03am Oct 1, 2013 10:03am
Quoting aebab
Monthly baselines for templates _ Oct 2013 Template T3: baseline=1.3568 Template T4Y: Baseline=1.3444

Nice thread, though I have not fully understand it...

These Baseline re for which current and wht size and time frame...?

Thanks #Chris
  • #166
  • Oct 1, 2013 10:12am Oct 1, 2013 10:12am
Bobi, or someone else who has the answer,

is the range phase for T3 is 127 pips...?
And the range phase for T4Y...?

thank you before

regards
  • #167
  • Oct 1, 2013 10:17am Oct 1, 2013 10:17am
Is it me, or is another thread becoming merged with this one? I don't know of anything else Bobi has done outside of this thread, so talk of T3 and T4Y are confusing me.

Bobi, have the templates in this thread superseded templates in other threads? Should I be reading another thread?
  • #168
  • Oct 1, 2013 10:19am Oct 1, 2013 10:19am
the other thread i posted a link to was created by bobi... same style of system.. he has just introduced new templates in this thread..

and phase size for T4Y is 220
  • #169
  • Oct 1, 2013 10:27am Oct 1, 2013 10:27am
Quoting jaylovin
the other thread i posted a link to was created by bobi... same style of system.. he has just introduced new templates in this thread.. and phase size for T4Y is 220
Oh ok - question is now, do I keep it simple with the ones in here, or venture out there!!!
  • #170
  • Oct 1, 2013 10:41am Oct 1, 2013 10:41am
Quoting hollowhead
{quote} Oh ok - question is now, do I keep it simple with the ones in here, or venture out there!!!

follow this thread for now as bobi is active on it and is here to help with these... they are also more recent i presume than the ones i am used to... i havent got so much time at the moment to go through these new templates but i will hopefully next month..

on template 3... 3519 has held so far.. so i guess we long at the moment until it breaks... 1.3591 or 1,3616 as a target
  • #171
  • Oct 1, 2013 10:44am Oct 1, 2013 10:44am
Thanks jaylovin.
  • #172
  • Oct 1, 2013 11:44am Oct 1, 2013 11:44am
Quoting jaylovin
{quote} hello...you can change the period for the template... otherwise here is the post that will give you all the files and instructions you need: http://www.forexfactory.com/showthre...57#post6785457
Many thanks for your time for me
Downloaded attachments, but Abonacci-T4_Calculator is infected with a virus and I can not open it.
Can I ask you to apply it, or send it to my email [email protected] when you have time.
  • #173
  • Oct 1, 2013 3:55pm Oct 1, 2013 3:55pm
Quoting lyubo
{quote} Many thanks for your time for me Downloaded attachments, but Abonacci-T4_Calculator is infected with a virus and I can not open it. Can I ask you to apply it, or send it to my email [email protected] when you have time.
simple turn off antivrus for moment and download again
Number of Days without an idiotic request: 0
  • #174
  • Edited 1:49pm Oct 3, 2013 1:06pm | Edited 1:49pm
Nice one aebab

Sept 26th

Quoting aebab
{quote} For instance , how we may know the price (eur/usd) may reverse at 1.3461? {image}
Quoting aebab
Now , you can see why I posted in another thread why that is not an appropriate time to go short and we can expect EUR-USD to get bullish to reach 1.3640-47. to know why , just have a look at T5_594 again and know why TRADERS,BANKERS,... still are in bullish taste. ......... {image}

It is all about the phases !!
  • #175
  • Oct 3, 2013 1:20pm Oct 3, 2013 1:20pm
Quoting Eggster
Nice one aebab Sept 26th {quote} {quote} {image} It is all about the phases !!
Eggster - Can you explain the lines on your chart please? My 594 template doesn't match those lines, so I think I am missing something - I didn't understand why Bobi mentioned 1.3460-47 at the time, and I'm still in the dark.
  • #176
  • Edited 2:07pm Oct 3, 2013 1:51pm | Edited 2:07pm
Quoting hollowhead
{quote} Eggster .
I removed my chart, maybe aebab will show how he saw it.
  • #177
  • Oct 3, 2013 5:39pm Oct 3, 2013 5:39pm
Bobi,

Just did backtest on 594 template in 2012

Look at the attachment about break and TP in the beginning of the year.
Could you explain why target was missed by 10pips and then in the next move even did not reach it?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 77 KB
  • #178
  • Oct 4, 2013 10:49am Oct 4, 2013 10:49am
Bobi

What do you do with the current AUD/USD scenario - there is a signal to go long at about 0.94390 (38.2%) on T4F. However, that is trading straight into a reversal area 0.94670 - 0.95371 on the T5_594. Do you take it?
  • #179
  • Oct 4, 2013 12:27pm Oct 4, 2013 12:27pm
Hello Bobi, In T5 103F when you say 47 pips of target you mean 38.2% + 7 pips + 47 pips = TP or just 38.2% + 47 = TP?

Thank you.
  • #180
  • Oct 4, 2013 1:11pm Oct 4, 2013 1:11pm
Quoting Gisela
Hello Bobi, In T5 103F when you say 47 pips of target you mean 38.2% + 7 pips + 47 pips = TP or just 38.2% + 47 = TP? Thank you.
38.2% + 47
actually target is 40 pips
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