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Are support and resistance levels predetermined?

  • #641
  • Dec 4, 2013 7:43am Dec 4, 2013 7:43am
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
Thank you so much!! Very usefull.
  • #642
  • Dec 6, 2013 3:11pm Dec 6, 2013 3:11pm
I have been reading the thread with interest for the last couple of weeks after tomthepoppop told me about the abonacci. It took
me awhile to get comfortable enough to make a trade. I finally took a trade on the eurjpy with the 1130 template on Dec. 4th.
Price had crossed the 23.6 then the 50%, so I figured it was heading to the 76.4. I entered long at 139.03 and closed in profit
at 140.53 right at the 76.4 line. I see a lot of promise for next year if we are fortunate enough to receive new baseline numbers.
  • #643
  • Dec 6, 2013 5:40pm Dec 6, 2013 5:40pm
Quoting biganc
I have been reading the thread with interest for the last couple of weeks after tomthepoppop told me about the abonacci. It took me awhile to get comfortable enough to make a trade. I finally took a trade on the eurjpy with the 1130 template on Dec. 4th. Price had crossed the 23.6 then the 50%, so I figured it was heading to the 76.4. I entered long at 139.03 and closed in profit at 140.53 right at the 76.4 line. I see a lot of promise for next year if we are fortunate enough to receive new baseline numbers.
Nice one biganc - I am pretty sure bobi will get us the baselines. He seems to provide the monthly ones for the other thread quite consistently, so I'm hopefully he will pop in here and set us up for a good years trading .
  • #644
  • Dec 6, 2013 5:56pm Dec 6, 2013 5:56pm
Quoting biganc
I have been reading the thread with interest for the last couple of weeks after tomthepoppop told me about the abonacci. It took me awhile to get comfortable enough to make a trade. I finally took a trade on the eurjpy with the 1130 template on Dec. 4th. Price had crossed the 23.6 then the 50%, so I figured it was heading to the 76.4. I entered long at 139.03 and closed in profit at 140.53 right at the 76.4 line. I see a lot of promise for next year if we are fortunate enough to receive new baseline numbers.
BTW - I took a similar trade - I entered on the T5_103 at 139.733 on 3 Dec, I spotted that as it was rising it would trigger a trade on the T4Y_680, so I kept it open and have moved TP to 141.420 - it's now about 50 pips off. I also have a short on the same pair on a T4F trade, so I am hedged on the EJ. I haven't done a my w/end analysis yet, but I don't think there any further long targets to play out, so dream scenario is that it hit 141.45 and then tanks . If it doesn't, I'll trade the signals up until it returns to trade out my hedge - it took a few weeks before but should play out.
  • #645
  • Dec 6, 2013 8:36pm Dec 6, 2013 8:36pm
Quoting hollowhead
{quote} BTW - I took a similar trade - I entered on the T5_103 at 139.733 on 3 Dec, I spotted that as it was rising it would trigger a trade on the T4Y_680, so I kept it open and have moved TP to 141.420 - it's now about 50 pips off. I also have a short on the same pair on a T4F trade, so I am hedged on the EJ. I haven't done a my w/end analysis yet, but I don't think there any further long targets to play out, so dream scenario is that it hit 141.45 and then tanks . If it doesn't, I'll trade the signals up until it returns to trade out my...
You are a little more proficient in your understanding of the abonacci than I have achieved to date. I will get there and look forward many more trades with this method. Good luck with your trades.
  • #646
  • Dec 6, 2013 8:38pm Dec 6, 2013 8:38pm
Quoting hollowhead
{quote} BTW - I took a similar trade - I entered on the T5_103 at 139.733 on 3 Dec, I spotted that as it was rising it would trigger a trade on the T4Y_680, so I kept it open and have moved TP to 141.420 - it's now about 50 pips off. I also have a short on the same pair on a T4F trade, so I am hedged on the EJ. I haven't done a my w/end analysis yet, but I don't think there any further long targets to play out, so dream scenario is that it hit 141.45 and then tanks . If it doesn't, I'll trade the signals up until it returns to trade out my...

Being in the United Kingdom you have a trade advantage we no longer have in the US. You can hedge.
  • #647
  • Dec 7, 2013 3:15am Dec 7, 2013 3:15am
Quoting biganc
{quote} Being in the United Kingdom you have a trade advantage we no longer have in the US. You can hedge.
I think you can get round it by operating two accounts and using them to hedge against each other. I'm pretty sure I've heard that's possible.

Best of luck.

Steve
  • #648
  • Dec 7, 2013 3:26am Dec 7, 2013 3:26am
Quoting hollowhead
{quote} Can you give a little more detail? - Perhaps you could post a chart of what you are seeing?

thank's for responsed hollowhead

actually i didn't understand how to set the template. i download that template from this thread, but i think it's not template file. it's .ex4 file format, so i putting on expert< indicator.
  • #649
  • Dec 7, 2013 8:38am Dec 7, 2013 8:38am
Quoting hollowhead
{quote} I think you can get round it by operating two accounts and using them to hedge against each other. I'm pretty sure I've heard that's possible. Best of luck. Steve

You are right, I could do that. Maybe I will do that down the road.

Alan
  • #650
  • Dec 8, 2013 4:05am Dec 8, 2013 4:05am
Quoting agssy007
{quote} thank's for responsed hollowhead actually i didn't understand how to set the template. i download that template from this thread, but i think it's not template file. it's .ex4 file format, so i putting on expert< indicator.
Are you sorted now agssy007?
  • #651
  • Dec 8, 2013 5:52am Dec 8, 2013 5:52am
My weekend analysis - as always let me know if you see things differently.

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  • #652
  • Dec 8, 2013 5:55am Dec 8, 2013 5:55am
thanks so much for doing these tables hollowhead... much appreciated... Does anyone have any baselines for GBPJPY? Its not long before year is up... but would be interesting to look at...

cheers
  • #653
  • Dec 8, 2013 6:01am Dec 8, 2013 6:01am
Quoting jaylovin
thanks so much for doing these tables hollowhead... much appreciated... Does anyone have any baselines for GBPJPY? Its not long before year is up... but would be interesting to look at... cheers
No problem. Bobi hasn't given baselines for GJ. Hopefully he will spend a bit of time here in the new year and set us up with some baselines for the year.

I'd really like to know the T5_594 for EJ to complete that set.

Also the 680 and 1130 for gold and oil.

Plus all baselines for the templates we have for the other majors would be great
  • #654
  • Dec 8, 2013 5:30pm Dec 8, 2013 5:30pm
Quoting hollowhead
My weekend analysis - as always let me know if you see things differently. {image} {image} {image} {image}

Thanks for the analysis. Very helpful.
  • #655
  • Dec 8, 2013 6:10pm Dec 8, 2013 6:10pm
Quoting hollowhead
My weekend analysis - as always let me know if you see things differently. {image} {image} {image} {image}
Hollowhead,

When I plug in the the baseline for the audusd 1130 template, pricing on the chart indicates the 100 level. My charts
show price is nowhere near crossing the 50% level. Have I plugged in some incorrect numbers or am I doing something
incorrectly.
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  • #656
  • Dec 8, 2013 6:28pm Dec 8, 2013 6:28pm
Quoting biganc
{quote} Hollowhead, When I plug in the the baseline for the audusd 1130 template, pricing on the chart indicates the 100 level. My charts show price is nowhere near crossing the 50% level. Have I plugged in some incorrect numbers or am I doing something incorrectly. {image}
Hey Alan, you need to change the baseline to 1.0176.
  • #657
  • Dec 8, 2013 7:18pm Dec 8, 2013 7:18pm
Quoting hollowhead
{quote} Are you sorted now agssy007?
This is my chart looking

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  • #658
  • Dec 8, 2013 8:27pm Dec 8, 2013 8:27pm
Quoting hollowhead
{quote} Hey Alan, you need to change the baseline to 1.0176.

1.0176 is my baseline
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  • #659
  • Dec 9, 2013 12:09am Dec 9, 2013 12:09am
Quoting hollowhead
My weekend analysis - as always let me know if you see things differently. {image}
Hi hollowhead again,

EUR/USD:
For me T4F is bullish till 1.3789, It failed to reach 1.3452 again and went above 100% (1.3612), that means it should reach 1.3789.
BUT
T594, broke 50-38.2% area and didn't complete cycle (137pips), so, I would say we are bearish on this template.
T103 confirms it as well, because it failed to reach 1.3514
  • #660
  • Dec 9, 2013 1:03am Dec 9, 2013 1:03am
Quoting biganc
{quote} 1.0176 is my baseline {image}
Hi Alan, Yours is right - I had the 1103 as the length on mine, not 1130. I had a computer crash and had to redo the templates and typed it in wrong on all 4 pairs. That could have been bad!!

Regarding the trade setup, change to a daily chart and look at the 17 Oct - the 50% was broken then - that's what I was referring to. It's nowhere near now, but it still should complete. Have a good week trading.
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