Are support and resistance levels predetermined? | Page 31 | Forex Factory

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Are support and resistance levels predetermined?

  • #601
  • Nov 24, 2013 9:06am Nov 24, 2013 9:06am
Quoting mima
{quote} OK hep me on this one too. Which base line and which length ?
Here you go

You will need to read the thread for the rules of each template

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  • #602
  • Nov 24, 2013 12:05pm Nov 24, 2013 12:05pm
Given the level of potential confusion regarding rules for the templates (and my own ability to get my two brain cells twisted) I thought I would put Bobi's posts outlining the rules for the different templates in a PDF.

I strongly recommend you read the whole thread and not just the PDF, but it might help some people for reference.
Attached File(s)
File Type: pdf Abonacci Rules.pdf   1.3 MB | 4,997 downloads
  • #603
  • Nov 24, 2013 12:11pm Nov 24, 2013 12:11pm
Quoting jmss59
{quote} I'm doing a parallel study , I call open phases , based precisely on the subject, which happens when a level is broken and the price is rotated. The price should go back for the purpose of this level broken ? I know you do not like to add variants to Bobi system in this thread, but in this case I think you may be interested . {image}
Thanks for posting this - I've not seen Magic Levels before - can you expand onn what they are and how they work/are calculated please?

Cheers

Steve
  • #604
  • Nov 27, 2013 2:29pm Nov 27, 2013 2:29pm
Happy Thanksgiving to all who celebrate this holiday. We'll all get together again after the holiday -- I hope.
  • #605
  • Nov 27, 2013 5:02pm Nov 27, 2013 5:02pm
Quoting tomthepoppop
Happy Thanksgiving to all who celebrate this holiday. We'll all get together again after the holiday -- I hope.

and you Tom (us Brits should really get something like Thanksgiving going - it seems like a great celebration).

Steve
  • #606
  • Nov 28, 2013 2:58am Nov 28, 2013 2:58am
EUR-JPY
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  • #607
  • Nov 28, 2013 10:28am Nov 28, 2013 10:28am
Quoting jmss59
EUR-JPY {image}
Hey jmss - how's the testing/trading going? Are you seeing any benefits in using your monthly baselines rather than bobi's yearly ones. I noticed that if you were using bobi's you would have entered that trade at 138.673 and have been out at 139.073 for 40pips. Just wondering whether you're seeing any more accuracy with what you're doing?

Steve
  • #608
  • Nov 28, 2013 3:50pm Nov 28, 2013 3:50pm
Quoting hollowhead
{quote} Hey jmss - how's the testing/trading going? Are you seeing any benefits in using your monthly baselines rather than bobi's yearly ones. I noticed that if you were using bobi's you would have entered that trade at 138.673 and have been out at 139.073 for 40pips. Just wondering whether you're seeing any more accuracy with what you're doing? Steve
Glad to see you hit TP
  • #609
  • Nov 29, 2013 1:21am Nov 29, 2013 1:21am
Quoting hollowhead
{quote} Glad to see you hit TP
thanks hollowhead
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  • #610
  • Nov 29, 2013 1:40am Nov 29, 2013 1:40am
Thank you very much for Subscription pdf Abonacci

  1. Dear hollowhead

  • #611
  • Nov 29, 2013 2:31am Nov 29, 2013 2:31am
Quoting hollowhead
{quote} Hey jmss - how's the testing/trading going? Are you seeing any benefits in using your monthly baselines rather than bobi's yearly ones. I noticed that if you were using bobi's you would have entered that trade at 138.673 and have been out at 139.073 for 40pips. Just wondering whether you're seeing any more accuracy with what you're doing? Steve
Hi Steve, for now , I'm in the testing phase , I'm trying to simplify a 2 unique templates for my operation . A trend showing me and other inputs . For tickets I use T-103 Abonacci template with the calculated baseline to one month.
  • #612
  • Nov 29, 2013 2:52am Nov 29, 2013 2:52am
Quoting fxiran
Thank you very much for Subscription pdf Abonacci Dear hollowhead

No problem - hope it helps
  • #613
  • Nov 29, 2013 8:30am Nov 29, 2013 8:30am
Quoting jmss59
{quote} Hi Steve, for now , I'm in the testing phase , I'm trying to simplify a 2 unique templates for my operation . A trend showing me and other inputs . For tickets I use T-103 Abonacci template with the calculated baseline to one month.
Sounds interesting - hope the testing proves successful. How long will you test for? A certain number of trades or a period of time?
  • #614
  • Nov 30, 2013 3:11am Nov 30, 2013 3:11am
Hi,

excuse me, i have a little problem with Abonacci template. my abonacci template didn't show on my chart. what should i do?

thanks before.
  • #615
  • Dec 2, 2013 3:03am Dec 2, 2013 3:03am
hello I am a new bee but I liked the abonachi template will this same template work for 2014 or shld we expect new one soon.
need to start preparing for next year.
Thanks.
  • #616
  • Dec 2, 2013 3:25am Dec 2, 2013 3:25am
Quoting agssy007
Hi, excuse me, i have a little problem with Abonacci template. my abonacci template didn't show on my chart. what should i do? thanks before.
Can you give a little more detail? - Perhaps you could post a chart of what you are seeing?
  • #617
  • Dec 2, 2013 3:26am Dec 2, 2013 3:26am
Quoting peddy
hello I am a new bee but I liked the abonachi template will this same template work for 2014 or shld we expect new one soon. need to start preparing for next year. Thanks.
Hey Peddy - yes and no. The templates will work next year - but we will need new baselines for 2014 from Bobi. he won't be able to post them until 2 January - here's hoping he comes back to post them - if he doesn't then we will not be able to trade Abonacci as bobi describes.
  • #618
  • Dec 2, 2013 3:59am Dec 2, 2013 3:59am
Finally flat on GU - entered on 22 October using a 50% break on the T5_965 which finally TP last night.

You can see it went about 300 pips in drawdown - but managed to catch a few trades down and back up.
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Total 589.2 pips on all GU trades in Oct/Nov.
  • #619
  • Dec 2, 2013 4:40am Dec 2, 2013 4:40am
I have now re-entered GU on two separate trades

First is on T4Y_680 with a bullish break of 23.6% by 14 pips targeting 1.6546
Second is longer term with a break at 1.63735 on T5_1030F targeting 16773
There is a reversal area on T5_594 between 1.64490-1.65191 which may cause some troubles.
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  • #620
  • Edited 6:28am Dec 2, 2013 5:28am | Edited 6:28am
My weekend analysis - as always please let me know if I have missed anything or you see it differently.

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