Are support and resistance levels predetermined? | Page 13 | Forex Factory

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Are support and resistance levels predetermined?

  • #241
  • Oct 8, 2013 10:06am Oct 8, 2013 10:06am
The complete US30 a phase of 76 pips
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  • #242
  • Oct 8, 2013 11:06am Oct 8, 2013 11:06am
Quoting jmss59
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 {image}
hi JMS, thanks for your very interesting posts about your intraday system. I would like to ask how you arrived at 89 pips in relation to the 137 daily range?
  • #243
  • Oct 8, 2013 11:34am Oct 8, 2013 11:34am
Quoting taypot
{quote} hi JMS, thanks for your very interesting posts about your intraday system. I would like to ask how you arrived at 89 pips in relation to the 137 daily range?
I was much struck Bobi an email in which he said, when the price breaks certain level, the price will go 47 pips, this comment sat my bases for templates to work on intraday. I began to analyze the daily ranges of currency pairs and indexes and I realized that I had to look older lame biggest stages, the objective of 47 pips remained small. And testing several templates with different sizes of stages I have found the appropriate stage size according to the daily range. So how important the system is not wanting to stay with the whole pie, but with us to stay with a substantial enough. I hope I explained it clearly.
Regards
  • #244
  • Oct 8, 2013 11:50am Oct 8, 2013 11:50am
The German DAX complete 1 phase of 55 pips
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  • #245
  • Oct 8, 2013 2:53pm Oct 8, 2013 2:53pm
Quoting jmss59
{quote} I was much struck Bobi an email in which he said, when the price breaks certain level, the price will go 47 pips, this comment sat my bases for templates to work on intraday. I began to analyze the daily ranges of currency pairs and indexes and I realized that I had to look older lame biggest stages, the objective of 47 pips remained small. And testing several templates with different sizes of stages I have found the appropriate stage size according to the daily range. So how important the system is not wanting to stay with the whole pie,...
Thanks for the reply JMS. Is there any formula that could be applied do you think, i.e 89/137 = roughly 65% of daily range for any pair. Or is that being too simplistic?
  • #246
  • Oct 8, 2013 3:34pm Oct 8, 2013 3:34pm
Quoting taypot
{quote} Thanks for the reply JMS. Is there any formula that could be applied do you think, i.e 89/137 = roughly 65% of daily range for any pair. Or is that being too simplistic?
The range was 137 for that day. The template of 89 pips is applied to daily financial products whose range is between 100 and 150 pips, and targets 68 pips 1st, 2nd and 3rd 78 pips 89 pips should always match price levels of the workforce
  • #247
  • Oct 9, 2013 1:26am Oct 9, 2013 1:26am
Good morning, on eur-usd to completed a phase of 55 pips
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  • #248
  • Oct 9, 2013 2:27am Oct 9, 2013 2:27am
the gbp-usd to complete a phase of 89 pips
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  • #249
  • Oct 9, 2013 4:42am Oct 9, 2013 4:42am
The price on the German DAX to made ​​a move of 47 pips, see if in the course of the complete session 55 pips phase
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  • #250
  • Oct 9, 2013 9:20am Oct 9, 2013 9:20am
The German DAX has completed a phase of 55 pips
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  • #251
  • Oct 9, 2013 9:26am Oct 9, 2013 9:26am
Your phases are looking very interesting . Have you formulated any rules for deciding which level you will trade the phase from. I recall you mentioned about failing to close 5 pips above/below a level, but I don't think your DAX example fits that. I'll be really interested to hear what you are thinking about entry/exit and SL rules.
  • #252
  • Oct 9, 2013 9:26am Oct 9, 2013 9:26am
Quoting aebab
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...
I am so sorry . I made a mistake in typing. Its edited now as follow:

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 76.4% is broken when price is traveling from 0%+59 of upper phase and falls 14 pips below 76.4% level of current phase.
Learn to walk before you run
  • #253
  • Oct 9, 2013 9:29am Oct 9, 2013 9:29am
Hi Bobi - I was wondering if you could post a T5_103 baseline for gold please? I can only find the T4F number. Thanks.
Steve
  • #254
  • Oct 9, 2013 9:38am Oct 9, 2013 9:38am
Just to let you know I've taken 7 trades using T5_103 and T4F - 5 wins and 2 ongoing. Thanks Bobi
  • #255
  • Oct 9, 2013 9:57am Oct 9, 2013 9:57am
Quoting Ratson
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!

Hi
Here you are!

Abonacci Templates for OIL. CLX3


T4F: Phase Length=220 pips , Baseline=189

T5_1_103: Phase Length=103 pips ,Baseline=117

T4Y_680: Phase Length=680 pips , Baseline=160 I love it!

T5_5: Phase Length=386 pips , Baseline=60
Learn to walk before you run
  • #256
  • Oct 9, 2013 9:59am Oct 9, 2013 9:59am
Quoting hollowhead
Just to let you know I've taken 7 trades using T5_103 and T4F - 5 wins and 2 ongoing. Thanks Bobi
Nice trades . I am so happy .

1- Can you tell me what you prefer for trading on EUR/USD right now?
2- How could we know price would be reversed around 1.2744 from beginning of the year just by using T5_1_103 template for eur/usd?
Learn to walk before you run
  • #257
  • Oct 9, 2013 10:05am Oct 9, 2013 10:05am
Quoting hollowhead
Hi Bobi - I was wondering if you could post a T5_103 baseline for gold please? I can only find the T4F number. Thanks. Steve
The base line for T5_103 template is 1756 and set the length as 1030 or 10300
Learn to walk before you run
  • #258
  • Oct 9, 2013 10:13am Oct 9, 2013 10:13am
Dear bobby,

- if you use 'F' ending the name of the templates , you said that it means it may fail... so what is " Y " mean? and what is mean if you did not put 'F' or 'Y' ending the name of the templates?

thx
  • #259
  • Oct 9, 2013 10:17am Oct 9, 2013 10:17am
Quoting aebab
{quote} Hi Here you are! Abonacci Templates for OIL. CLX3 T4F: Phase Length=220 pips , Baseline=189 T5_1_103: Phase Length=103 pips ,Baseline=117 T4Y_680: Phase Length=680 pips , Baseline=160 I love it! T5_5: Phase Length=386 pips , Baseline=60

Thanks a lot for the Baselines Bobi. May God's Favour overshadow you continually. Keep up the good works!
  • #260
  • Oct 9, 2013 10:19am Oct 9, 2013 10:19am
Quoting na_r2000
{quote} i think it should be " we can say 76.4% is broken" ? =========================================== Dear bobby, - if you use 'F' ending the name of the templates , you said that it means it may fail... so what is " Y " mean? and what is mean if you did not put 'F' or 'Y' ending the name of the templates? thanks very much

F means we will take profits when the templates ending with "F" fail! So Since it has not been failed , we can not enter to take position.
Y means the formula is using Abonacci Universal Constant for sequential calculations. Abonacci Universal Constant (AUC) is a constant digit that is engaged for any event occurring on the world . When I found this constant digit , I could complete my procedures for calculations and formulas. I believe AUC can be found on any events by any entity.
Learn to walk before you run
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