Are support and resistance levels predetermined? | Page 27 | Forex Factory

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Are support and resistance levels predetermined?

  • #521
  • Nov 14, 2013 10:21am Nov 14, 2013 10:21am
Hi, Do you have baseline of USDCAD and USDJPY for T103 template?
  • #522
  • Nov 14, 2013 10:47am Nov 14, 2013 10:47am
Quoting chrjtm
Hi, Do you have baseline of USDCAD and USDJPY for T103 template?

Hi Look at my previous post - I answered there.
  • #523
  • Nov 18, 2013 8:40pm Nov 18, 2013 8:40pm
Dear Sir, do you have baseline 103 for GJ. Thanks
  • #524
  • Nov 19, 2013 1:33am Nov 19, 2013 1:33am
Quoting chrjtm
Dear Sir, do you have baseline 103 for GJ. Thanks
November the base line is 157.756 for GJ
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  • #525
  • Nov 19, 2013 1:42am Nov 19, 2013 1:42am
Quoting chrjtm
Hi, Do you have baseline of USDCAD and USDJPY for T103 template?
November the base line is 1.03926 for UC
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  • #526
  • Nov 19, 2013 1:47am Nov 19, 2013 1:47am
Quoting chrjtm
Hi, Do you have baseline of USDCAD and USDJPY for T103 template?
November the base line is 98.456 for UJ
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  • #527
  • Nov 19, 2013 1:56am Nov 19, 2013 1:56am
Quoting jmss59
{quote} November the base line is 98.456 for UJ {image}
Hi jmss59 - how are you calculating baselines for these pairs?
  • #528
  • Nov 19, 2013 1:56am Nov 19, 2013 1:56am
November the base line is 0.82696 for NZ-US
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  • #529
  • Nov 19, 2013 1:58am Nov 19, 2013 1:58am
if anyone wants to know the baseline of another pair, gold, oil, etc. I ask
  • #530
  • Nov 19, 2013 2:29am Nov 19, 2013 2:29am
Hi Jmss59,

Are you able to share how did you calculate these baselines?

Thanks.
  • #531
  • Nov 19, 2013 2:45am Nov 19, 2013 2:45am
Combination template 5m magical levels, and template abonacci 103 1H
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  • #532
  • Nov 19, 2013 3:05am Nov 19, 2013 3:05am
HI Jmss59,

What are the magic levels?

Thanks.
  • #533
  • Nov 19, 2013 4:24am Nov 19, 2013 4:24am
Quoting Outermarker8
HI Jmss59, What are the magic levels? Thanks.
Levels magic = Support and resistance with a high probability of success
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  • #534
  • Nov 19, 2013 4:25am Nov 19, 2013 4:25am
Thank you jmss59. Is there a MT4 indicator for the magic levels?
  • #535
  • Nov 19, 2013 4:45am Nov 19, 2013 4:45am
Quoting jmss59
Combination template 5m magical levels, and template abonacci 103 1H {image}
So let me get this right. Someone has asked for baselines for Bobi's T5_103 template on certain pairs. And you have told people baselines for a system you have created that no-one knows the rules for, leading them to think they have got bobi's baselines?

To avoid inevitable confusion, can I suggest if you have a new/different system you start a seperate thread.
  • #536
  • Nov 19, 2013 4:59am Nov 19, 2013 4:59am
Quoting hollowhead
{quote} So let me get this right. Someone has asked for baselines for Bobi's T5_103 template on certain pairs. And you have told people baselines for a system you have created that no-one knows the rules for, leading them to think they have got bobi's baselines? To avoid inevitable confusion, can I suggest if you have a new/different system you start a seperate thread.
Hi hollwhead, that's right, I plans to open a new thread magical levels in combination with templates abonacci because as you say I can create some confusion, but everything is based on the same = price levels. regards
  • #537
  • Nov 19, 2013 11:50am Nov 19, 2013 11:50am
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
Is the daily ranges you use Average Daily Range?
If so over what period is the range taken over?
Or is it the range of the previous day? because you do not know what the range of the day you are trading in is going to be.
  • #538
  • Nov 19, 2013 12:28pm Nov 19, 2013 12:28pm
Quoting gombik
{quote} Is the daily ranges you use Average Daily Range? If so over what period is the range taken over? Or is it the range of the previous day? because you do not know what the range of the day you are trading in is going to be.
Hi Gombík, the range is the average of the last 14 sessions, any ATR indicator you do the calculation.
  • #539
  • Nov 20, 2013 12:50am Nov 20, 2013 12:50am
i think this about a true range too, if we can filtered all levels. seems like a support and resistance method with amazing calculation.
  • #540
  • Nov 20, 2013 12:18pm Nov 20, 2013 12:18pm
Hello AEBAB - JMSS59 - HOLLOWHEAD
I am new to thread but have read it and want to make sure I understand it.

I am referring to DAILY CHART in post #1 - If i understand

I wait for price to go above 76 then rebound down and I would enter just below the 76 level with a take profit
at the 23 level. SL would be optional and at my discretion.

Then i just wait for price to go above 76 or below 23 and rebound in th opposite direction and enter the same
way again

If i am correct then this is one of the simplest strategies i have ever seen - Please let me know if I have it right.
Thanks
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