Are support and resistance levels predetermined? | Page 10 | Forex Factory

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Are support and resistance levels predetermined?

  • #181
  • Oct 6, 2013 4:56am Oct 6, 2013 4:56am
Hi Bobi..

So I have two questions...

TF_103 broke 61.8% downside so we are looking for a 47 pip target... this brings us to 1.3514....

on template 3 - we didn't reach our target at 1.3650 at 76.4% or even 1.3695 at 100%

on template 3 downside the 61.8% target is 1.3519...

My Questions:

1, how can we determine when this kind of reversal is going to happen? Will we come back to reach the target at 1.3695? where should price NOT break for this to happen?

2, How can we be sure that TF_103 is correct and will reach 1.3514... This also means that template_3 comes into play and target is actually 1.3440?

Thanks Bobi..

Jay
  • #182
  • Oct 6, 2013 6:03am Oct 6, 2013 6:03am
Quoting jaylovin
Hi Bobi.. So I have two questions... TF_103 broke 61.8% downside so we are looking for a 47 pip target... this brings us to 1.3514.... on template 3 - we didn't reach our target at 1.3650 at 76.4% or even 1.3695 at 100% on template 3 downside the 61.8% target is 1.3519... My Questions: 1, how can we determine when this kind of reversal is going to happen? Will we come back to reach the target at 1.3695? where should price NOT break for this to happen? 2, How can we be sure that TF_103 is correct and will reach 1.3514... This also means that template_3...
Quoting aebab
{quote} For me , I do not put stop loss . I use hedging. As I am sure that if break happens in T5_103F , price should reach the target for sure. So if a break happens and can not reach the target and reverse , my opposite order (hedge order) will be activated and after taking profit of my hedge orders , I am sure the market will be back and will take my target where break was failed. wherever I use F ending the name of the templates , I mean it may fail.
here it is
  • #183
  • Oct 6, 2013 6:07am Oct 6, 2013 6:07am
Could you Bobi give intraday template without fail possibility? (not "F" ending templates)
  • #184
  • Oct 6, 2013 6:25am Oct 6, 2013 6:25am
Thanks Krishelis...

Bobi states there is a reason for every move... if a journey fails then it reverts to another... journey failed on friday - which target has it reverted to?

as far as I can see, 1.3440 is the next target but how can we tell that won't fail either??
  • #185
  • Oct 6, 2013 3:36pm Oct 6, 2013 3:36pm
Quoting hollowhead
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?
As you know , T4F is not to point a specific target . Its duty comes to play when price breaks 38.2% (61.8%) and can not continue to reach 76.4%(23.6%) and reverses and breaks 100% level. then we expect to reach opposite target level. Study T4F again
Learn to walk before you run
  • #186
  • Oct 6, 2013 3:40pm Oct 6, 2013 3:40pm
Quoting krishelis
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? {image}

You should be familiar with 7-14 digits . sometimes the target goes around 7-14 pips to the target.
for the first move , price was traveling from lower phase and from below 0% , but for the next moves , if you look better , you will see that they have not been coming from below 0% so we can not take any position based on 594 template rules
Learn to walk before you run
  • #187
  • Oct 6, 2013 3:46pm Oct 6, 2013 3:46pm
Quoting aebab
{quote} Hello Good work! I think you can easily find the breakout areas ahead of every movement . Good think of that is that its clear and constant up to end of the year . See how market respected to the resistance that has been determined in the first day of the year . I hope, I have been able to change your idea of trading and the real concept behind market movement.' {image}
I hope many of you could take sell positions on GBPUSD based on T5_103 template.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_T5_1_103.png Size: 53 KB
Learn to walk before you run
  • #188
  • Oct 6, 2013 3:55pm Oct 6, 2013 3:55pm
Quoting Eggster
Nice one aebab Sept 26th {quote} {quote} It is all about the phases !!
Hi
Just have a look at this post http://www.forexfactory.com/showthre...07#post6978307. In that post , more that 2 weeks ago I insisted and took position with full of faith that price should reach 1.3640. In that time , many banks were on sell for euro at 1.3515 . Even I introduced a specific level (1.3521) that if broken should reach 1.3271 (when price goes away 14 pips away)
Learn to walk before you run
  • #189
  • Oct 6, 2013 4:00pm Oct 6, 2013 4:00pm
Quoting krishelis
Could you Bobi give intraday template without fail possibility? (not "F" ending templates)

I have , but for each day you need a calculator attached to the server to do calculations. For example , there is a template named T7 with 158 pips in length .
Learn to walk before you run
  • #190
  • Oct 6, 2013 4:03pm Oct 6, 2013 4:03pm
do all targets have to be completed within the calendar year?
  • #191
  • Oct 6, 2013 4:10pm Oct 6, 2013 4:10pm
Quoting light786
do all targets have to be completed within the calendar year?
Its not compulsory. Most are completed. Just some long-term templates remain active for the next year.
Learn to walk before you run
  • #192
  • Oct 6, 2013 4:16pm Oct 6, 2013 4:16pm
I like your work but I don't think its tradeable how do you know which level will hold and which level breaks. Yes I understand using the templates in conjunction with one another. You say the targets are not to be met in the year adds even more uncertainty. I do hope you will allow users to see the calculator to see how day trading can be done, otherwise this in terms of day trading is a very hard task. Yes one can see that price has to reach certain levels but what good is that when you cant clearly define a entry with clear stop and within a suitable time. It's just luck that one level will hold and another reaches its target.
  • #193
  • Oct 6, 2013 4:37pm Oct 6, 2013 4:37pm
Quoting light786
I like your work but I don't think its tradeable how do you know which level will hold and which level breaks. Yes I understand using the templates in conjunction with one another. You say the targets are not to be met in the year adds even more uncertainty. I do hope you will allow users to see the calculator to see how day trading can be done, otherwise this in terms of day trading is a very hard task. Yes one can see that price has to reach certain levels but what good is that when you cant clearly define a entry with clear stop and within a...
I do not believe so . I say some templates can be active for next year . But which templates and when ? If you see the templates , all have been completed . But at the end of the year , like now , one specific level is broken and so it has no time to complete and remains active for the next year . Besides , You can use other short-term templates to know when the trend is going to change . Plus, I can claim no other system can define support and resistance levels so clear in advance . Use these templates with your own system of trading to pinpoint your target or even entry and exit.
For me , I am using some other templates like T4Y_125(125pips) and T4Y_680 , to clear the path. I do not know if I upload more templates it can help you or may make you to get confused . That is why I do not post them.
For you information , I have generated more than 64 templates for each pair!! And my calculator uses them to specify the entry and target. As I said previously, in the market , there are a lot of phases that cause the market to halt,move,accelerate,.... . So trading and to know the future is very very difficult and that is why many lose their money in the market.
Learn to walk before you run
  • #194
  • Oct 6, 2013 4:47pm Oct 6, 2013 4:47pm
Ok Look at GBP/USD around 28th Aug T4F price broke 61.8 1.5465 coming from above and not reach target. What do you say to that now you say it doesn't have to reach this target within this year.
  • #195
  • Oct 6, 2013 5:17pm Oct 6, 2013 5:17pm
Quoting light786
Ok Look at GBP/USD around 28th Aug T4F price broke 61.8 1.5465 coming from above and not reach target. What do you say to that now you say it doesn't have to reach this target within this year.
It seems you have problem with T4F rules. Please read it again carefully and know when we are going to use T4F !! Hope you will post where your problem is. If you had T4F template , at least you could get 150 pip as profit!
Plus, I should mention that T4F is a short-term template with 1-2 weeks of expiry.
Learn to walk before you run
  • #196
  • Oct 6, 2013 5:26pm Oct 6, 2013 5:26pm
hi

please share templates for usd/jpy or eur/jpy

thanks
  • #197
  • Oct 7, 2013 1:38am Oct 7, 2013 1:38am
Hello:
I use a template for intraday 55 pips and the base line is the pivot of the session. Rotational levels are very successful and seek a profit of 42-55 pips that meets almost every session.
These are the levels of the EUR-USD purchase today
Attached Image
  • #198
  • Oct 7, 2013 1:39am Oct 7, 2013 1:39am
hi,

i'm new here in this thread and want to give it a try. I'm a short term trader.
For manual indicator, is 1.3401 still the baseline for october eurusd ? I suppose phases are still 220 pips.

thanks for the answer
  • #199
  • Oct 7, 2013 3:28am Oct 7, 2013 3:28am
Quoting jmss59
Hello: I use a template for intraday 55 pips and the base line is the pivot of the session. Rotational levels are very successful and seek a profit of 42-55 pips that meets almost every session. These are the levels of the EUR-USD purchase today {image}

Interesting - So how do trade this template?
  • #200
  • Oct 7, 2013 8:14am Oct 7, 2013 8:14am
Quoting hollowhead
{quote} Interesting - So how do trade this template?
hello again
as you see from the pivot point = 1.35400 -38.2 to +23.6 = 1.35870 level there are 47 pips, this movement or the phase can terminate. Soon I will explain the operational rules.
Attached Image
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