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Are support and resistance levels predetermined?

  • #701
  • Dec 24, 2013 2:43pm Dec 24, 2013 2:43pm
Merry Christmas and Happy Holidays to everyone -- Now I will use this downtime to study some more on the Abonacci system and wait for the New Year and the NEW BASELINES FROM BOBI.; YEA YEA YEA
Really looking forward to next year and live trades. My demo trades were 21 trades in December -- 20 win -- 1 still open. (Eur/Usd - long and am at minus 80 pips but starting up.) GOOD FORTUNE TO EVERYONE NEXT YEAR!!!
  • #702
  • Dec 26, 2013 3:23am Dec 26, 2013 3:23am
Well, I was in a long position on the eur/jpy, got cold feet and exited early due to the holidays and a slow moving price. The 680 template
was sending this price to the 76.4 at 143.19. I did exit with a profit however. Looks like it made it to 76.4. That 76.4 was like a magnet
pulling it up there. I'm going to lay low until next year and the new abonacci numbers come in.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 217 KB
  • #703
  • Dec 26, 2013 4:35am Dec 26, 2013 4:35am
Good day for all!
Yesterday, euro-usd hit (forexpf.ru) the pullback line 3723 on T3 and T4 Templates. Now I expect that price should complete journey on T4Y as it still active at 3232.
  • #704
  • Dec 26, 2013 5:01am Dec 26, 2013 5:01am
Quoting Magnat
Good day for all! Yesterday, euro-usd hit (forexpf.ru) the pullback line 3723 on T3 and T4 Templates. Now I expect that price should complete journey on T4Y as it still active at 3232.

no high at 3723 in the last 48hrs? 3703 is what i have a a high...
  • #705
  • Dec 26, 2013 6:34am Dec 26, 2013 6:34am
Quoting jaylovin
{quote} no high at 3723 in the last 48hrs? 3703 is what i have a a high...
25-12-2013
Attached Image
  • #706
  • Dec 26, 2013 6:40am Dec 26, 2013 6:40am
Quoting Magnat
{quote} 25-12-2013 {image}
Hi Magnat... which broker is that chart from? trading view has no such thing... along with netdania.. nor my broker IG or FXCM... 3716 which happened on the 23rd... thanks
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 91 KB
  • #707
  • Dec 26, 2013 7:59am Dec 26, 2013 7:59am
Quoting jaylovin
{quote} Hi Magnat... which broker is that chart from? trading view has no such thing... along with netdania.. nor my broker IG or FXCM... 3716 which happened on the 23rd... thanks {image}
forexpf.ru
  • #708
  • Dec 27, 2013 5:19am Dec 27, 2013 5:19am
Quoting biganc
Well, I was in a long position on the eur/jpy, got cold feet and exited early due to the holidays and a slow moving price. The 680 template was sending this price to the 76.4 at 143.19. I did exit with a profit however. Looks like it made it to 76.4. That 76.4 was like a magnet pulling it up there. I'm going to lay low until next year and the new abonacci numbers come in. {image}
I was in the same trade - managed to TP at the 76.4%, but look at it fly now.
FWIW I'm also long on the GU, which is at an interesting place. I took a long 680 trade, but it was into the 594 reversal area. If it reaches the 680 target it will have signalled the 594 break signal, so I've extended the TP to 1.6649 (just short of the target). I also have a longer term GU long targetting 1.6749 which is the 103 (x10) target.

I have been long the AU for a long time and in substantial DD, but it is bouncing from the 594 reversal area and long historical TL, with a big weekly pin, so I'm keeping it open as a longterm trade.

Looking forward to what next year brings if gobi provides some baselines. Here's hoping...
  • #709
  • Dec 27, 2013 6:32am Dec 27, 2013 6:32am
Quoting hollowhead
{quote} I was in the same trade - managed to TP at the 76.4%, but look at it fly now. FWIW I'm also long on the GU, which is at an interesting place. I took a long 680 trade, but it was into the 594 reversal area. If it reaches the 680 target it will have signalled the 594 break signal, so I've extended the TP to 1.6649 (just short of the target). I also have a longer term GU long targetting 1.6749 which is the 103 (x10) target. I have been long the AU for a long time and in substantial DD, but it is bouncing from the 594 reversal area and long...
levels will change next week.... are you thinking it still will shoot up? template 3 on EU worked at 1.3860... but we've gone higher for sure... so 1.3975 is likely....
  • #710
  • Dec 27, 2013 8:59am Dec 27, 2013 8:59am
I just turned on computer - my last trade that was down a little over 100 pips has closed out at profit at 1.37801. Amazing system 21 straight profitable trades - some draw down because i did not utilize the 594 template.
Wish i knew how to post charts and stuff.
  • #711
  • Dec 27, 2013 11:16am Dec 27, 2013 11:16am
Quoting jaylovin
{quote} levels will change next week.... are you thinking it still will shoot up? template 3 on EU worked at 1.3860... but we've gone higher for sure... so 1.3975 is likely....
Hiya jaylovin - yep levels will change, and I've been undecided as to how to play that. I started thinking that I would close out trades, but I figured I would keep them open to the targets I already see for 2013, and when we get the new levels see what is in play and make decisions for each pair I'm active on from there. I don't trade the templates not on this thread - for some reason I have not been trading EU. I've been very committed to GU, EJ and AU and tended to stick with those.
  • #712
  • Dec 27, 2013 11:20am Dec 27, 2013 11:20am
Quoting tomthepoppop
I just turned on computer - my last trade that was down a little over 100 pips has closed out at profit at 1.37801. Amazing system 21 straight profitable trades - some draw down because i did not utilize the 594 template. Wish i knew how to post charts and stuff.
Brilliant - what a great end to the year Tom!!

You might find the attached useful to post charts

Steve
Attached File(s)
File Type: pdf How to post charts in mt4.pdf   798 KB | 766 downloads
  • #713
  • Dec 27, 2013 1:54pm Dec 27, 2013 1:54pm
Quoting hollowhead
{quote} Brilliant - what a great end to the year Tom!! You might find the attached useful to post charts Steve {image}
Thanks Steve, it will be very useful. Happy New Year. Tom
  • #714
  • Dec 27, 2013 2:19pm Dec 27, 2013 2:19pm
Quoting tomthepoppop
I just turned on computer - my last trade that was down a little over 100 pips has closed out at profit at 1.37801. Amazing system 21 straight profitable trades - some draw down because i did not utilize the 594 template. Wish i knew how to post charts and stuff.
Tom,

If you still need help posting charts on the thread, just let me know.

Alan
  • #715
  • Jan 1, 2014 3:00am Jan 1, 2014 3:00am
Hi all friends and Bobi
Happy New Year 2014
Congratulated Mr. bobi wait for the new year are baseline Templet 2014

Thanks very much
  • #716
  • Jan 1, 2014 6:02am Jan 1, 2014 6:02am
Happy New Year everyone.

I've just done some end of year reviews and the results are amazing. Looking at my live account from 27 Sep when I started trading using abonacci - if I remove the non-abonacci trades, so I only have trades based on this system, the account has grown by 1473% in 3 months or so. This stuff works if you trustthe baselines and levels.

Bobi, I am eternally grateful to you for sharing.
  • #717
  • Jan 1, 2014 6:19am Jan 1, 2014 6:19am
Quoting hollowhead
Happy New Year everyone. I've just done some end of year reviews and the results are amazing. Looking at my live account from 27 Sep when I started trading using abonacci - if I remove the non-abonacci trades, so I only have trades based on this system, the account has grown by 1473% in 3 months or so. This stuff works if you trustthe baselines and levels. Bobi, I am eternally grateful to you for sharing.

agree.. best system ever... Thanks Bobi not just for templates but showing another perspective of how markets work...
  • #718
  • Edited 7:23am Jan 1, 2014 6:57am | Edited 7:23am
Quoting hollowhead
Happy New Year everyone. I've just done some end of year reviews and the results are amazing. Looking at my live account from 27 Sep when I started trading using abonacci - if I remove the non-abonacci trades, so I only have trades based on this system, the account has grown by 1473% in 3 months or so. This stuff works if you trustthe baselines and levels. Bobi, I am eternally grateful to you for sharing.
Yes quite right

I also thank Bobi

A question bobi


The objectives that were not seen in the last year
The new year will see

  • #719
  • Jan 1, 2014 8:51am Jan 1, 2014 8:51am
Bobi, I would like to take this time to thank you for the assistance you have offered over the years, especially in 2013, when you challenged our mindsets with a new method of trading.

We await the new templates, and I would be grateful if you released all Baselines for Crude Oil (#CLG4).

My prayer is that God will Bless you beyond you can ever imagine for 2014 and beyond, for the act of selflessness that you have exhibited over the years.


Thanks again,
Ratson
  • #720
  • Jan 1, 2014 9:55am Jan 1, 2014 9:55am
hollowhead... to your knowledge - when we spoke about multiplying T103 to 103 pip range, 1030 pip range, 10300 etc etc... do the targets and break levels also multiply respectively?

for example... T103 has a 47 pip target on break and a 7 pip break to be classed as broken..

so is it correct for T1030 to have a 470 pip target with a 70 pip break to be classed as broken?

maybe a question for bobi but if anyone knows, it would be appreciated to know the answer
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