Are support and resistance levels predetermined? | Page 32 | Forex Factory

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Are support and resistance levels predetermined?

  • #621
  • Dec 2, 2013 6:55am Dec 2, 2013 6:55am
I am using 1.3623 for T3 December 2013 , this is NOT from Bobi.
  • #622
  • Dec 2, 2013 7:45am Dec 2, 2013 7:45am
Hi hollowhead. I didn't see euro break 1.3652 or were
you referring to its previou move up to 1.3832?
  • #623
  • Dec 2, 2013 7:55am Dec 2, 2013 7:55am
Quoting jaylovin
Hi hollowhead. I didn't see euro break 1.3652 or were you referring to its previou move up to 1.3832?
Hi jaylovin - yes I am referring to the previous break on 13 October that didn't reach its target.
  • #624
  • Dec 2, 2013 7:55am Dec 2, 2013 7:55am
Quoting hollowhead
{quote} Here you go You will need to read the thread for the rules of each template {image}
OK. EJ base line 594? is typos or ?

Ist corect tha tbase line and length is always and only provided by bobi in form of templates?
you get base line and length from those templates as well?
We use provided templates( length and base line ) until new ones are provided?

Regards.
The Market pays you to be disciplined
  • #625
  • Dec 2, 2013 8:07am Dec 2, 2013 8:07am
Quoting mima
{quote} OK. EJ base line 594? is typos or ? Ist corect tha tbase line and length is always and only provided by bobi in form of templates? you get base line and length from those templates as well? We use provided templates( length and base line ) until new ones are provided? Regards.
I thought the same thing about the EJ 594 baseline and asked gobi he said...
Quoting aebab
{quote} Its true. Just use the new indicator to have more phases
The length for the templates are always the same, each template can be applied to any instrument. But only if you have the baseline for that template length for that pair.

Only bobi can caluclate the baselines as the formula is proprietry information sold to his company. So, we are dependent on Bobi supplying the baselines for the template lengths he has already shared, on the pairs he has shared.

The good thing is the baselines last for the year. So I hope bobi pops in to give baselines for 2014.

Hope that helps/clarifies
  • #626
  • Dec 3, 2013 2:15am Dec 3, 2013 2:15am
hi,
I think Bobi should give the complicated mathematical calculation,if he want to really help members of this forum.
what if he doesn't give the baseline for 2014 ,many peoples hope like me will be dashed.I think Bobi can include the calculation i n the software, all we need to do is fix the HLC of the previous years in the space provided and bingo the calculation is done.this will go all way to keep faith in this wonderful software.
pls its just a suggestion,whatever He still thinks best for now can still carry on .
Thanks more pips to all.
  • #627
  • Dec 3, 2013 3:39am Dec 3, 2013 3:39am
Quoting peddy
hi, I think Bobi should give the complicated mathematical calculation,if he want to really help members of this forum. what if he doesn't give the baseline for 2014 ,many peoples hope like me will be dashed.I think Bobi can include the calculation i n the software, all we need to do is fix the HLC of the previous years in the space provided and bingo the calculation is done.this will go all way to keep faith in this wonderful software. pls its just a suggestion,whatever He still thinks best for now can still carry on . Thanks more pips to all.
Hi Peddy - Bobi is just not going to give the formula - he is clearly under an NDA. There is more than enough in this thread to make a lot of pips to the end of the year. Of course it would be good to have Bobi around to offer more insight and clarify a few things, and like you I hope he can provide the baselines next year. But even if he doesn't, I have made money from what he has shown so far, and I'm grateful for that.
  • #628
  • Dec 3, 2013 7:08am Dec 3, 2013 7:08am
Quoting aebab
I have discovered that price defines some rooms for itself and moves in those rooms. The rooms that I call them "Phase" are defined in the first day of the year. To find the baseline of the phase , we need nothing but HLC of the last year. That's all! High,Low,Close of the last year will cause the market to define specific levels of support and resistance. To understand better what I mean , its better to introduce a new template named "T5-965". The length of the phase is 965 pips. I have discovered that nearly 90% of the market instruments are reacting...
Is a break a simple penetration of the fib level or should price close beyond the level in the observed timeframe? Thank you.

K.I.S.S.
  • #629
  • Dec 3, 2013 7:30am Dec 3, 2013 7:30am
Quoting KissFan
{quote} Is a break a simple penetration of the fib level or should price close beyond the level in the observed timeframe? Thank you. K.I.S.S.
Hey KISS

For each template a break means price moving a certain number of pips beyond the fib (ie in the T5_103F it's 7 pips) - it doesn't need to close - just travel past.

I posted a PDF of the template rules which includes the pip breaks for most templates - check my posts on the previous page.

Steve
  • #630
  • Dec 3, 2013 9:04am Dec 3, 2013 9:04am
Hi hollowhead

Please tell me Which is true
Attached Image (click to enlarge)
Click to Enlarge Name: EU analysis 021213.jpg Size: 57 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EU analysis 231113.jpg Size: 74 KB
  • #631
  • Dec 3, 2013 9:16am Dec 3, 2013 9:16am
Quoting fxiran
Hi hollowhead Please tell me Which is true {image} {image}
Hi fxiran - 'true' is an interesting word - I wouldn't be so bold to say any of them are 'true'. However, they are the parameters for my trading plan for the week.

The latest one I posted (the first one) is my weekend analysis for what happened last week the signals that have triggered and how I see the pairs in the context of abonacci. The second one is from a previous week and so some of signals will have been completed and profits taken or have been superseded by a later signal.

I really only do it for my own trading and thought I would post them to get others input. I list where I think there are signals that need to complete on the different templates and it gives me and overall bias for mid to longer term targets. I don't post them as a signal for other users - we must each do our own due diligence - but if it helps give someone some clues as to what they can look at then great.

Hope that clarifies

Steve
  • #632
  • Dec 3, 2013 9:32am Dec 3, 2013 9:32am
Quoting hollowhead
... I don't post them as a signal for other users - we must each do our own due diligence - but if it helps give someone some clues as to what they can look at then great. ...

Absolutely right...
The Market pays you to be disciplined
  • #633
  • Dec 3, 2013 3:56pm Dec 3, 2013 3:56pm
Quoting hollowhead
{quote} Hi fxiran - 'true' is an interesting word - I wouldn't be so bold to say any of them are 'true'. However, they are the parameters for my trading plan for the week. The latest one I posted (the first one) is my weekend analysis for what happened last week the signals that have triggered and how I see the pairs in the context of abonacci. The second one is from a previous week and so some of signals will have been completed and profits taken or have been superseded by a later signal. I really only do it for my own trading and thought I would...
Hi Hollowhead - I agree - it really helps me in getting used to this system. I did take one trade Long at 1.63700 on GBP/USD but it was due to my analysis plus confirmation from your analysis. So far so good it is a positive trade and I
expect it to go about 180 pips. Thanks for sharing your thoughts each week - It really helps.
Tom
  • #634
  • Dec 3, 2013 3:59pm Dec 3, 2013 3:59pm
Quoting tomthepoppop
{quote} Hi Hollowhead - I agree - it really helps me in getting used to this system. I did take one trade Long at 1.63700 on GBP/USD but it was due to my analysis plus confirmation from your analysis. So far so good it is a positive trade and I expect it to go about 180 pips. Thanks for sharing your thoughts each week - It really helps. Tom
Nice one Tom . It trade the system on its own, but I can see the power in using it with other methods for confluence. As long as we're all making pips.

Steve
  • #635
  • Dec 3, 2013 11:33pm Dec 3, 2013 11:33pm
Hi
Posting on behalf of Bobi:

Template 3(T3) baseline for Dec 2013 = 1.3596
Template 4Y(T4Y) baseline for Dec 2013 = 1.3503
Learn to walk before you run
  • #636
  • Dec 4, 2013 5:39am Dec 4, 2013 5:39am
Quoting aebab
Hi Posting on behalf of Bobi: Template 3(T3) baseline for Dec 2013 = 1.3596 Template 4Y(T4Y) baseline for Dec 2013 = 1.3503
Hi, What is length? Is there new length for December 2013? there are several templates ( base line + length) so which one we use from previously
provided templates ? One day I will get it....​
The Market pays you to be disciplined
  • #637
  • Dec 4, 2013 5:41am Dec 4, 2013 5:41am
Quoting hollowhead
....Hope that helps/clarifies
Thank you so much...I do appreciate your time and effort to help me ...
The Market pays you to be disciplined
  • #638
  • Dec 4, 2013 5:50am Dec 4, 2013 5:50am
Quoting mima
{quote} Hi, What is length? Is there new length for December 2013? there are several templates ( base line + length) so which one we use from previously provided templates ? One day I will get it....​
Hi mima - I would ignore those numbers. There is another thread that Bobi started a few years ago - it was a precursor to this one. I have not looked at that thread but from what I understand it focuses on EU only, has a couple of templates (T3 and T4Y) which require monthly baselines.

The templates in this thread supersedes those and bobi has stated that this is a development of that work ie T4F in this thread is a development of T4Y in the other). The templates bobi outlines in this thread can be used on any instrument (if you have the baseline) and the baselines last for the whole year.

IMO because this thread has a bit more activity things get posted here which should really only be posted in the other thread.
  • #639
  • Dec 4, 2013 6:16am Dec 4, 2013 6:16am
thanks hollowhead and thanks bobi for baseline
  • #640
  • Dec 4, 2013 6:17am Dec 4, 2013 6:17am
Quoting hollowhead
{quote} Hey KISS For each template a break means price moving a certain number of pips beyond the fib (ie in the T5_103F it's 7 pips) - it doesn't need to close - just travel past. I posted a PDF of the template rules which includes the pip breaks for most templates - check my posts on the previous page. Steve
Very much appreciate the response hollowhead!

K.I.S.S.
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