Are support and resistance levels predetermined? | Page 11 | Forex Factory

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Are support and resistance levels predetermined?

  • #201
  • Oct 7, 2013 10:36am Oct 7, 2013 10:36am
Comment I only use three templates with different phases. To determine which template to apply to a couple, index or any other financial product, I take as a basis the daily range of the product.
These are the templates that I use:

Range Daily Phase 1º Target 2º Target 3º Target
60-90 pips 55 pips 42 pips 47 pips 55 pips
91-120 pips 76 58 65 76
100-150 pips 89 68 78 89
  • #202
  • Oct 7, 2013 10:48am Oct 7, 2013 10:48am
Quoting jmss59
Comment I only use three templates with different phases. To determine which template to apply to a couple, index or any other financial product, I take as a basis the daily range of the product. These are the templates that I use: Range Daily Phase 1º Target 2º Target 3º Target 60-90 pips 55 pips 42 pips 47 pips 55 pips 91-120 pips 76 58 65 76 100-150 pips 89 68 78 89
Sounds logical - min sharing your trade rules?
  • #203
  • Oct 7, 2013 10:56am Oct 7, 2013 10:56am
Example US30 index has a daily range of 137 pips, use the template of 89 pips, with targets: 1º 68 pips 2º 78 pips 3º 89 pips
Attached Image (click to enlarge)
Click to Enlarge Name: xfll.jpg Size: 353 KB
  • #204
  • Edited 12:00pm Oct 7, 2013 11:45am | Edited 12:00pm

Abonacci Templates for EUR/JPY


T4F, Phase Length=220 pips Baseline=125.8
T5_2_2, Phase Length=965 pips Baseline=549
T5_1_103, Phase Length=103 pips Baseline=131


Note: Please use the new Abonacci indicator to be able to generate more phases
Attached File(s)
File Type: ex4 Abonacci Templates Manual v7.0.ex4   8 KB | 1,533 downloads
Learn to walk before you run
  • #205
  • Oct 7, 2013 12:06pm Oct 7, 2013 12:06pm
Quoting aebab
Abonacci Templates for EUR/JPY T4F, Phase Length=220 pips Baseline=125.8 T5_2_2, Phase Length=965 pips Baseline=549 T5_1_103, Phase Length=103 pips Baseline=131 Note: Please use the new Abonacci indicator to be able to generate more phases {file}
Thanks Bobi - can you double check those numbers please = is T5_2_2 as 549, seems to be out of line!?
  • #206
  • Oct 7, 2013 12:43pm Oct 7, 2013 12:43pm
Quoting hollowhead
{quote} Thanks Bobi - can you double check those numbers please = is T5_2_2 as 549, seems to be out of line!?
Its true. Just use the new indicator to have more phases
Learn to walk before you run
  • #207
  • Oct 7, 2013 1:14pm Oct 7, 2013 1:14pm

Introduction of T4Y_680 Template

The most accurate template I have ever generated




Its time to introduce one of the templates that is very very accurate and I claim it will never fail and always meets the target.
You can use this template to find the main resistance and support levels . When the signal is generated , whatever happens in the world , the target should meet. I love this template. I have two templates that when I decide to analyze any market , first I draw these two templates . one is T4Y_680 and the next one is T4Y_1130. Specially when its beginning of the new year. It points exactly the future of price.

Length of each phase= 680 pips

RULE: Break of 23.6% Level -------> Target 50% , Break is 14 pips. Profit=180 pips.

Break of 50% Level -------> Target 76.4 , Break is 59 pips. Profit=120 pips.

We can say 23.6% is broken when price is traveling from 100%-59 pips of the phase and rises 14 pips above 23.6% level of current phase.

We can say 61.8% is broken when price is traveling from 0%+59 of upper phase and falls 14 pips below 76.4% level of current phase.

The baseline and the template are valid for whole the year.


The baseline of EUR/USD=1.3140

The baseline of GBP/USD=1.6206

The baseline of EUR/JPY=172

The baseline of AUD/USD=1.0443
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_680.png Size: 70 KB
Learn to walk before you run
  • #208
  • Oct 7, 2013 1:43pm Oct 7, 2013 1:43pm
Thanks bobi... If this is very accurate, does it come with sl rules? At the moment I guess we can expect 1.3659? Where should price not break below? Thanks
  • #209
  • Oct 7, 2013 1:59pm Oct 7, 2013 1:59pm
Eur/jpy pair. Situation in May
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  • #210
  • Oct 7, 2013 2:02pm Oct 7, 2013 2:02pm
Bobi -thanks a lot, since you mentioned the T4Y_1130, can you give us the baselines too?
  • #211
  • Oct 7, 2013 2:41pm Oct 7, 2013 2:41pm
hi bobi thanks a lot
it break 23.6 according to rule but dont rech to 50 % and fall , do we wait for reverse?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_680.png Size: 66 KB
  • #212
  • Oct 7, 2013 4:12pm Oct 7, 2013 4:12pm
Quoting krishelis
Eur/jpy pair. Situation in May {image}
I never said it should move straight to the target. I said it should reach and complete the target.
I have got a big question! How could you know that price would reverse and come back and reach 134.600 ? By which strategy you , bankers, long-term traders,... might know that price, SHOULD,MUST,HAVE TO and WAS OBLIGED to reach and meet 134.600 and reverse there?
If you try to answer the question for your own , then you will find this template useful and may the only way to know that price should be back again.
Learn to walk before you run
  • #213
  • Edited 4:54pm Oct 7, 2013 4:13pm | Edited 4:54pm
Quoting mohammad_777
hi bobi thanks a lot it break 23.6 according to rule but dont rech to 50 % and fall , do we wait for reverse? {image}

Hi
You can find your answer in post # 212
If you knew that market would reverse to complete the missed target , how many pips you could gain just by knowing the final target?
Learn to walk before you run
  • #214
  • Oct 7, 2013 4:52pm Oct 7, 2013 4:52pm

Introduction of T4Y_1130 Template

Very very accurate and useful template




The T4Y_1130 template is also very very accurate as T4Y_680 is. I use this template among with T4Y_680 to find the exact trend .
I love this template too. When its beginning of the new year this template is like a light to lighten up the future path of the price. It points exactly what will be the destiny and competency of the price.
The Sanction of the USA against Iran , made Iran's financial market to be very active and profitable. Someone introduced me that market . I could forecast many companies behavior and the trend by just using these two templates (T4Y_1130 and T4Y_680) and they could not believe how accurate they are?!

Length of each phase= 1130 pips

RULES:
Break of 23.6% Level -------> Target 50% , Break is 42 pips. Profit=300 pips.

Break of 50% Level -------> Target 50%+220 , Break is 59 pips. Profit=161 pips.

We can say 23.6% is broken when price is traveling from 100%-59 pips of the phase and rises 42 pips above 23.6% level of current phase.

We can say 61.8% is broken when price is traveling from 0%+59 of upper phase and falls 42 pips below 76.4% level of current phase.

If price meets 23.6% and moves above 38.2% by 21 pips , price will reach to 50% again. (Profit=134 pips)

The baseline and the template are valid for whole the year.


The baseline of EUR/USD=1.4003

The baseline of GBP/USD=1.5939

The baseline of EUR/JPY=131.900

The baseline of AUD/USD=1.0176
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-USD_1130.png Size: 54 KB
Learn to walk before you run
  • #215
  • Oct 7, 2013 5:17pm Oct 7, 2013 5:17pm
Bobi -thank you for Template 1130.
  • #216
  • Oct 7, 2013 5:44pm Oct 7, 2013 5:44pm
hi bobi

all break should reach to target up end of year (2013) or it can reach to target in next year?

thanks
  • #217
  • Oct 7, 2013 6:14pm Oct 7, 2013 6:14pm
Hi Bobi. Thanks again for sharing. Is it too much to ask you to also post baselines for OIL pair as well? Thanks God Bless you!
  • #218
  • Oct 7, 2013 6:41pm Oct 7, 2013 6:41pm
Quoting aebab
Abonacci Templates for EUR/JPY T4F, Phase Length=220 pips Baseline=125.8 T5_2_2, Phase Length=965 pips Baseline=549 T5_1_103, Phase Length=103 pips Baseline=131 Note: Please use the new Abonacci indicator to be able to generate more phases {file}
Thank you for sharing
  • #219
  • Oct 7, 2013 11:36pm Oct 7, 2013 11:36pm
We can say 61.8% is broken when price is traveling from 0%+59 of upper phase and falls 42 pips below 76.4% level of current phase

76.4 is broken or 61.8 ? (in bothT4Y_1130 and T4Y_680)
  • #220
  • Edited 1:45am Oct 8, 2013 1:22am | Edited 1:45am
Hi aebab

Thanks for the templates.

Can you explain the process on how you would trade both the T4Y_1130 and T4Y_680 at the same to take a trade



Quote
Introduction of T4Y_680 Template
The most accurate template I have ever generated

Its time to introduce one of the templates that is very very accurate and I claim it will never fail and always meets the target.
You can use this template to find the main resistance and support levels


Quote
Introduction of T4Y_1130 Template
Very very accurate and useful template

The T4Y_1130 template is also very very accurate as T4Y_680 is. I use this template among with T4Y_680 to find the exact trend .
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