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Are support and resistance levels predetermined?

  • #261
  • Oct 9, 2013 10:22am Oct 9, 2013 10:22am
Quoting aebab
{quote} 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.
ic .. big thanks bobby ... God bless u ^^
  • #262
  • Oct 9, 2013 10:27am Oct 9, 2013 10:27am
hi bobi

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

2-please share templetes for usd/jpy, it is important for me

thanks
  • #263
  • Oct 9, 2013 10:32am Oct 9, 2013 10:32am
Quoting aebab
{quote} 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?

Hi Bobi

1. I am looking for longs on the EUR to 13742.

TY4_1130 = bullish -broke 50% by 59 pips – therefore should reach 13742.7
plus
T5_965 = bullish
T5_594 = bullish (has broken the reversal area), I wonder if it will bounce up from there?

2. I don't know - I am thinking it has something to do with the number of phases - does the 5 in T5 mean something about the number of phases above/below baseline the pair will go to?
  • #264
  • Oct 9, 2013 10:35am Oct 9, 2013 10:35am

STILL I AM WAITING FOR THE ANSWER.


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?

There is a simple way to know that the EUR/USD was supposed to be reversed at 1.2744 (or around that area) in the beginning of the year and if we now how , then we will now where the market is heading for in long-term . This can be done only by T5_103 template. If you find the way , a new door will be opened for trading and your idea about trading will be completely changed . Believe me!
Learn to walk before you run
  • #265
  • Oct 9, 2013 10:35am Oct 9, 2013 10:35am
Quoting aebab
STILL I AM WAITING FOR THE ANSWER. 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? There is a simple way to know that the EUR/USD was supposed to be reversed at 1.2744 (or around that area) in the beginning of the year and if we now how , then we will now where the market is heading for in long-term . This can be done only by T5_103 template. If you find the way , a new door will be opened for trading.

See above - maybe
  • #266
  • Oct 9, 2013 10:36am Oct 9, 2013 10:36am
2 good tickets today has left the dow
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  • #267
  • Oct 9, 2013 10:38am Oct 9, 2013 10:38am
Quoting alibeti
hi bobi 1-all break should reach to target up end of year (2013) or it can reach to target in next year? 2-please share templetes for usd/jpy, it is important for me thanks

1- I have already answered your first question. Most are done , but some are not if they are happening year-ending period.
2- I will provide
Learn to walk before you run
  • #268
  • Oct 9, 2013 10:47am Oct 9, 2013 10:47am
Quoting hollowhead
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.
Thank you hollowhead. I'm already specifying the operational rules abonacci intraday system, I hope to publish shortly.
  • #269
  • Oct 9, 2013 10:56am Oct 9, 2013 10:56am
The German DAX, also has given us a second chance
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  • #270
  • Oct 9, 2013 11:04am Oct 9, 2013 11:04am
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
Hi Bobi. Thanks a million again for the OIL BASELINES. But, can you please send the rules for T5_5? Could you please send a screen shot also? I don't remember you sending that Template.

God Bless you,
Bye
  • #271
  • Edited 1:36pm Oct 9, 2013 11:24am | Edited 1:36pm
Quoting aebab
STILL I AM WAITING FOR THE ANSWER. 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? There is a simple way to know that the EUR/USD was supposed to be reversed at 1.2744 (or around that area) in the beginning of the year and if we now how , then we will now where the market is heading for in long-term . This can be done only by T5_103 template. If you find the way , a new door will be opened for trading and your idea about trading will be completely changed . Believe me!...
The only relevance I can find on the 103 template to this figure is in the fib lines at the 23.6 fib level as shown in my excel file here. I constructed this excel file out of interest while trying to understand the "white" fib lines mentioned in the other 'Aboonacci' thread. They are derived from the T5_103 phases and show potential reversal areas. i don't thnik this is the answer to your question so I will look closer at the chart.
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  • #272
  • Oct 9, 2013 12:11pm Oct 9, 2013 12:11pm
Quoting taypot
{quote} The only relevance I can find on the 103 template to this figure is in the blue fib lines at the 23.6 fib level as shown in my excel file here. price is dropping towards the 5th phase beneath baseline and reverses at the blue bold figures at the 23.6 fib level {image}
Its the length of the daily candle (yellow ellipse) that proves there is a reversal according to one of the rules

when price travels from below 23.6% level and breaks 50% , so the trend will become bullish and should and must reach 76.4%
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  • #273
  • Edited 1:53pm Oct 9, 2013 1:04pm | Edited 1:53pm
Quoting taypot
{quote} Its the length of the daily candle (yellow ellipse) that proves there is a reversal according to one of the rules when price travels from below 23.6% level and breaks 50% , so the trend will become bullish and should and must reach 76.4% {image}
Can we now assume the EURUSD has become bearish as this rule applies:-



price travels from above 76.4% level and breaks 50% , so the trend will become bearish and should and must reach 23.6%


If so and we continue down then I think if price closes under 1.374 we will head down to 1342 at least but i don't think I'm using Abonacci thinking on this 1342 figure, just the trendlines (see image) and price action. See this Renko chart using box pip size 7 on T5_103 template
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  • #274
  • Oct 9, 2013 1:36pm Oct 9, 2013 1:36pm
Quoting aebab
{quote} 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?
Maybe because before 1.2744 was met, 1.3022 (38.2) was broken, but 47 pips was not met and then it came down and did not break 61.8 (1.2737).
As you mentioned before, that t_103 TP must be met.
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  • #275
  • Oct 9, 2013 1:38pm Oct 9, 2013 1:38pm
Btw, we just broke 193 template 50%, so we are heading now to 1.3451 (68pip target), right?
  • #276
  • Oct 9, 2013 1:54pm Oct 9, 2013 1:54pm
Hello Everyone,
Can anyone please tell me which number is used for daily charts? Its called either the size or length number not the baseline one.
Thanks,
Paul
  • #277
  • Oct 9, 2013 1:58pm Oct 9, 2013 1:58pm
Quoting krishelis
Btw, we just broke 193 template 50%, so we are heading now to 1.3451 (68pip target), right?
Template 193? Can you give me more info on this one as I have searched both threads (in options at top of page ) and not found it. thanks
  • #278
  • Oct 9, 2013 3:07pm Oct 9, 2013 3:07pm
Quoting taypot
{quote} Template 193? Can you give me more info on this one as I have searched both threads (in options at top of page ) and not found it. thanks
I should think that's a typo and meant to type 103 (9 being next to 0 on the keyboard)
  • #279
  • Oct 9, 2013 3:18pm Oct 9, 2013 3:18pm
Quoting taypot
{quote} Can we now assume the EURUSD has become bearish as this rule applies:- price travels from above 76.4% level and breaks 50% , so the trend will become bearish and should and must reach 23.6% If so and we continue down then I think if price closes under 1.374 we will head down to 1342 at least but i don't think I'm using Abonacci thinking on this 1342 figure, just the trendlines (see image) and price action. See this Renko chart using box pip size 7 on T5_103 template {image}
I think medium term EU is still bullish. According to TY4_1130 = broke 50% by 59 pips – therefore should reach 13742.7.

FWIW, as we are nearing the end of the year the way I am looking to trade these templates is to only take trades templates higher than T4F in line with the TY4_1130 and T5_965 direction (which is bullish I think). I will take trend and countertrend trades on T4F and T5_103. but the TY4_1130 move needs to complete.

EDIT Also, on the T5_594 price broke through the reversal area, has now come back and retested, maybe turning resistance into support, for the move higher.
  • #280
  • Oct 9, 2013 3:22pm Oct 9, 2013 3:22pm
Quoting hollowhead
{quote} I should think that's a typo and meant to type 103 (9 being next to 0 on the keyboard)
Thanks Hollowhead, I think you are right. So far I have 103, 127, 220, 594, 680 and 965 and 1130.

I am trying to sort out baselines, break level pips, targets (23.3 break and 50% break) for each and what each may be best for. I didn't want a 193 as well at this stage!

BTW I also think you maybe right about the t4 or 5 referring to phases price can move away from baseline
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