Are support and resistance levels predetermined? | Page 42 | Forex Factory

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Are support and resistance levels predetermined?

  • #821
  • Jan 8, 2014 12:56pm Jan 8, 2014 12:56pm
Quoting lyubo
{quote} Many thanks for your answer. I'm still waiting for reaching the target. Bobby gave me great hope with his project for calculator for the stops.

Hey lyubo - did you stay in? You should have the profit if you did.
  • #822
  • Jan 8, 2014 2:47pm Jan 8, 2014 2:47pm
Quoting mima
long at 1.3576. {image}
Hi mima - can I ask what triggered your trade - I am long from about there, but not because of an abonacci signal.

Steve
  • #823
  • Jan 8, 2014 3:11pm Jan 8, 2014 3:11pm
Quoting hollowhead
{quote} Hi mima - can I ask what triggered your trade - I am long from about there, but not because of an abonacci signal. Steve
Demand level at 1.3570 on H1
The Market pays you to be disciplined
  • #824
  • Jan 8, 2014 3:12pm Jan 8, 2014 3:12pm
Quoting mima
{quote} Demand level at 1.3570 on H1

Oh ok - so nothing you had spotted to do with Abonacci
  • #825
  • Jan 8, 2014 3:33pm Jan 8, 2014 3:33pm
GBP/USD still long on T103
AUD/USD still uptrend
EURO/USD hit the target, and do not break T4Y 61%, so I m long from here.
  • #826
  • Jan 8, 2014 3:57pm Jan 8, 2014 3:57pm
Quoting hollowhead
{quote} Hey lyubo - did you stay in? You should have the profit if you did.
Yes I Have.
Thanks!
  • #827
  • Jan 8, 2014 4:02pm Jan 8, 2014 4:02pm
Quoting Magnat
GBP/USD still long on T103 AUD/USD still uptrend EURO/USD hit the target, and do not break T4Y 61%, so I m long from here.

template 965 is pointing to 1.3409... i will short on a retrace higher... ideally 1.3740... or 3785 would be nicer
  • #828
  • Jan 8, 2014 4:36pm Jan 8, 2014 4:36pm
Quoting jaylovin
{quote} template 965 is pointing to 1.3409... i will short on a retrace higher... ideally 1.3740... or 3785 would be nicer
this template will be active after 23 or 76% of outer phases will be touched. It will match with Bobi target at 4450
  • #829
  • Jan 8, 2014 4:55pm Jan 8, 2014 4:55pm
Quoting Magnat
{quote} this template will be active after 23 or 76% of outer phases will be touched. It will match with Bobi target at 4450

sorry Magnat I don't follow... 50% on t965 broke this year.. last week... are you saying the current phase in all templates at the start of the year/month are null and void? that template also shows no price level at 4450..

i am with you on a bull move but i believe we go down first... to 1.3172-90... after that 1.2880 level.. but up at somepoint for a new high... i am struggling to find this 4450 level... i only heard Bobi speak of it...

thanks!
  • #830
  • Jan 8, 2014 5:14pm Jan 8, 2014 5:14pm
Quoting jaylovin
{quote} sorry Magnat I don't follow... 50% on t965 broke this year.. last week... are you saying the current phase in all templates at the start of the year/month are null and void? that template also shows no price level at 4450.. i am with you on a bull move but i believe we go down first... to 1.3172-90... after that 1.2880 level.. but up at somepoint for a new high... i am struggling to find this 4450 level... i only heard Bobi speak of it... thanks!

Jaylovin - bobi mentioned 4450 in a post ages ago, but he was referring to a level in a template we don't have - see below

Quoting aebab
The movements and fluctuations of the markets are due to different rooms and phases as I said previously. I have just come up here with 5 templates . There are at least 64 templates for each pair that can be used to detect the future movements of the market from 1 day to 5 years . For example , I have a template called T16_1800 that is suitable to know what will happen to one pair,stock in next 1-2 years . Or another template that can be used for the shorter time with 400 pips of profit . Its phase length is 900 pips. If I am not posting more templates...
  • #831
  • Jan 8, 2014 5:23pm Jan 8, 2014 5:23pm
Quoting hollowhead
{quote} Jaylovin - bobi mentioned 4450 in a post ages ago, but he was referring to a level in a template we don't have - see below {quote}

yup i remember reading that one... T1800... Bobi never mentioned that the current phase we start in is void - so we should bear in mind that we are headed down to complete template 965 to 3409... though retracement can happen.. i would like to short this much higher up... in the 37 level...
  • #832
  • Jan 8, 2014 9:37pm Jan 8, 2014 9:37pm
Quoting hollowhead
{quote} Jaylovin - bobi mentioned 4450 in a post ages ago, but he was referring to a level in a template we don't have - see below {quote}
This is my first post but I have been following this thread......I also want to say good job Hollowhead I do second what Bobi have said that you have been of tremendous help to the folks on this thread. I do have a question that anyone can answer based on the T4Y_680 template and the rules that apply from the chart below is this saying that the GBPUSD is going to the 50% retracement 1.61880?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 35 KB
  • #833
  • Jan 8, 2014 11:08pm Jan 8, 2014 11:08pm
Quoting hollowhead
{quote} Oh ok - so nothing you had spotted to do with Abonacci
Well That demand level is near to 23.6 Fib on 220 template....If demand/ supply is not near fib levels then abonacci fib levels is not going to work.
The Market pays you to be disciplined
  • #834
  • Jan 9, 2014 12:51am Jan 9, 2014 12:51am
Quoting jaylovin
{quote} yup i remember reading that one... T1800... Bobi never mentioned that the current phase we start in is void - so we should bear in mind that we are headed down to complete template 965 to 3409... though retracement can happen.. i would like to short this much higher up... in the 37 level...
I am not sure about the logic of templates being void at the beginning of the year. If the baselines are set by the activity of the previous year, then it seems logicial to me the that the PA in that year is relevant to the levels it sets for the following year. Not sure if I've explained my thinking clearly.
  • #835
  • Jan 9, 2014 12:53am Jan 9, 2014 12:53am
Quoting row
{quote} This is my first post but I have been following this thread......I also want to say good job Hollowhead I do second what Bobi have said that you have been of tremendous help to the folks on this thread. I do have a question that anyone can answer based on the T4Y_680 template and the rules that apply from the chart below is this saying that the GBPUSD is going to the 50% retracement 1.61880? {image}
Hi row

From what I can see it's a valid signal.

Steve
  • #836
  • Jan 9, 2014 12:59am Jan 9, 2014 12:59am
Quoting mima
{quote} Well That demand level is near to 23.6 Fib on 220 template....If demand/ supply is not near fib levels then abonacci fib levels is not going to work.
I see the demand/supply areas - I took a low risk long as it looks like it will bounce off a pretty clear TL. But, I don't think I would look at abonacci levels in isolation and presume they are confirming something. Bobi said he has 64 templates. If you were to overlay them all on one chart I am pretty sure you would have levels all over the place. For me it is important to see how the templates work together to give confluence and what price is doing in relation to the rules of any given template.
  • #837
  • Jan 9, 2014 1:12am Jan 9, 2014 1:12am
Quoting lyubo
{quote} Yes I Have. Thanks!

  • #838
  • Jan 9, 2014 1:32am Jan 9, 2014 1:32am
Quoting hollowhead
{quote} I see the demand/supply areas - ...
Market makers trade based on supply and demand...How all fit in template rules time will tell...Bobi presented templates and rules based on his discovery...

Would be great if Bobi provide us with all templates for rest of major 7 pairs + one or two additional like EURGBP or some JPY cross...
The Market pays you to be disciplined
  • #839
  • Jan 9, 2014 2:59am Jan 9, 2014 2:59am
Quoting mima
{quote} Market makers trade based on supply and demand...How all fit in template rules time will tell...Bobi presented templates and rules based on his discovery... Would be great if Bobi provide us with all templates for rest of major 7 pairs + one or two additional like EURGBP or some JPY cross...
I agree it would be good to have more - but I'm not sure I need it (don't want to be greedy) - there will be more than enough opportunities in the templates for the 3 pairs we have baselines for to make a lot of pips this year.
  • #840
  • Jan 9, 2014 3:52am Jan 9, 2014 3:52am
Quoting hollowhead
{quote} I agree it would be good to have more - but I'm not sure I need it (don't want to be greedy) - there will be more than enough opportunities in the templates for the 3 pairs we have baselines for to make a lot of pips this year.
No, it was not about greedy...more about opportunities, patience...
EURUSD: it was demand around 23.6 ...now might be supply around 38.2
The Market pays you to be disciplined
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