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Are support and resistance levels predetermined?

  • #841
  • Jan 9, 2014 4:57am Jan 9, 2014 4:57am
Quoting mima
{quote} No, it was not about greedy...more about opportunities, patience... EURUSD: it was demand around 23.6 ...now might be supply around 38.2

Sorry, don't get me wrong - I wasn't implying you were greedy - I just know if I had 9 pairs I would end up overtrading and do something silly.
  • #842
  • Jan 9, 2014 5:13am Jan 9, 2014 5:13am
I took profit from the T103 template eurusd yesterday. I am now long in the T103 gpdusd template trade.
  • #843
  • Jan 9, 2014 5:36am Jan 9, 2014 5:36am
Quoting jaylovin
{quote} are you saying the current phase in all templates at the start of the year/month are null and void?
jaylovin - I've been thinking about the issue of price direction before the new year to validate signals. If you look at the chart in bobi's post regarding the 'Magic of Abonacci Templates' (below), the example he uses is of a break in the first quarter - his original question before making that post was how could we know price would reach a certain level from 'the begining of the year?' That trade is only valid, according to T5_103 rules, if price has come from 76.4% of the lower phase - which it did, but in the previous year. Therefore, I am going to assume that we can use last years price action to validate early signals this year. Hope that makes sense.

Quoting aebab
Magic of Abonacci Templates New Concept in future analysis Thank you for all replies. Some days ago I replied FX_MANIAC that I will say why I have set 22000 to the gold template. Now its time to show you a new concept of trading. As I said before , I have found 64 different behaviors of the waves (any pairs). It does not matter what the market we are going to analyze. The 64 movements and behaviors can be found in all markets . For example , we can find 220 pips movement in any market. T5_103 as well. I have discovered that any phase length can...
  • #844
  • Jan 9, 2014 5:45am Jan 9, 2014 5:45am
Thank you Bobi for all your sharings and baselines for 2014
  • #845
  • Jan 9, 2014 6:34am Jan 9, 2014 6:34am
Happy new year to all
Thanks to Bobi for 2014 baseline and looking forward to the promised calculator.
To hollowhead thanks for sharing and keeping the forum alive.
Pls need more light on the baseline given by bobi,he gave 2 baseline on
T4Y-680=1.3738 and 1.3648.which one is the correct one and what does T3 1.3797 stand for? no lenght.
thanks.
  • #846
  • Jan 9, 2014 7:13am Jan 9, 2014 7:13am
?
Quoting peddy
Happy new year to all Thanks to Bobi for 2014 baseline and looking forward to the promised calculator. To hollowhead thanks for sharing and keeping the forum alive. Pls need more light on the baseline given by bobi,he gave 2 baseline on T4Y-680=1.3738 and 1.3648.which one is the correct one and what does T3 1.3797 stand for? no lenght. thanks.
Hi peddy

T3 is a template on another thread bobi started some time ago - ignore it if you are not following that thread.

I don't understand what you mean about the 2 T4Y_680 baselines - can you point to where in the thread they mentioned?

Thanks

Steve
  • #847
  • Jan 9, 2014 8:31am Jan 9, 2014 8:31am
hi hollowhead,

I also can see 2 baselines
Baseline of T4Y (EUR/USD)=1.3648 post 742 which is the baseline for January and
T4Y_680= 1.3738 see post 726
Please explain if the anual one is valid if we have the monthly ones?
Thanks a lot
  • #848
  • Jan 9, 2014 9:01am Jan 9, 2014 9:01am
Quoting hollowhead
? {quote} Hi peddy T3 is a template on another thread bobi started some time ago - ignore it if you are not following that thread. I don't understand what you mean about the 2 T4Y_680 baselines - can you point to where in the thread they mentioned? Thanks Steve
Quoting karinhak
hi hollowhead, I also can see 2 baselines Baseline of T4Y (EUR/USD)=1.3648 post 742 which is the baseline for January and T4Y_680= 1.3738 see post 726 Please explain if the anual one is valid if we have the monthly ones? Thanks a lot
Ah I see what you mean. Someone mentioning 'T4Y' and 'T3' is referring to a template used in another thread bobi started. If it doesn't have a number after it, then it's not part of the system in this thread.

In this thread we discuss the templates bobi shared here. They are
T5_103,
T4F_220
T5=965 (sometimes referred to as T5_2_2),
T4Y_680,
T5_965,
T4Y_1130

That's it unless bobi introduces another template.

Steve
  • #849
  • Jan 9, 2014 9:20am Jan 9, 2014 9:20am
Quoting hollowhead
{quote} {quote} Ah I see what you mean. Someone mentioning 'T4Y' and 'T3' is referring to a template used in another thread bobi started. If it doesn't have a number after it, then it's not part of the system in this thread. In this thread we discuss the templates bobi shared here. They are T5_103, T4F_220 T5=965 (sometimes referred to as T5_2_2), T4Y_680, T5_965, T4Y_1130 That's it unless bobi introduces another template. Steve
Thanks.got it
  • #850
  • Edited 10:32am Jan 11, 2014 5:30am | Edited 10:32am
My analysis for the past week with signals triggered and expected targets. As always chip in if I've missed anything or got anything wrong.
NB - I am working on the basis that PA before the new year can be used to validate signals.

Attached Image

Attached Image

Attached Image


EDIT: Changed EU attachment due to errors.
  • #851
  • Jan 11, 2014 6:25am Jan 11, 2014 6:25am
Quoting hollowhead
My analysis for the past week with signals triggered and expected targets. As always chip in if I've missed anything or got anything wrong. NB - I am working on the basis that PA before the new year can be used to validate signals. {image} {image} {image}

Thanks for providing your analysis each week. It's a good review with my numbers to make sure I'm on target. I believe
I will stay out of Gbpusd since the 680 is going in one direction and the 1130 in another. Depending on which template you
decide to participate in the other will have some good drawdown. However, I'm guessing you will be in both with a hedge.
  • #852
  • Jan 11, 2014 7:14am Jan 11, 2014 7:14am
Quoting hollowhead
My analysis for the past week with signals triggered and expected targets. As always chip in if I've missed anything or got anything wrong. NB - I am working on the basis that PA before the new year can be used to validate signals. {image} {image} {image}
Hi Hollowhead, I have doubts templates eur-usd which is what I follow. The template t-103 does not give me my sign. Nor in T5_2_2 template. I am attaching the templates.

Tell me please, I do not do well? thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur-usd 103.png Size: 38 KB
Click to Enlarge Name: eur-usd 965.png Size: 32 KB
  • #853
  • Edited 8:12am Jan 11, 2014 7:32am | Edited 8:12am
Weather is good.
The Market pays you to be disciplined
  • #854
  • Jan 11, 2014 7:52am Jan 11, 2014 7:52am
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...
Hi mima, I understand that Bobi says the price must come from the 76.4
  • #855
  • Jan 11, 2014 8:55am Jan 11, 2014 8:55am
Quoting jmss59
{quote} Hi Hollowhead, I have doubts templates eur-usd which is what I follow. The template t-103 does not give me my sign. Nor in T5_2_2 template. I am attaching the templates. Tell me please, I do not do well? thanks {image} {image}
Hi jmss59 - thanks for that - you're are right. I had an extra 1 in my baseline on the indicator!!

The 103 had completed and I forgot to take it off my spreadsheet - I've amended the post.
  • #856
  • Jan 11, 2014 9:02am Jan 11, 2014 9:02am
Hi hollowhead...

That at was my assumption too.. That price path is already factored in during moves during monthly and annual change. That's why price closes at a certain level - that plays an important role for the next set of levels.

T3 used to be extremely accurate it was like a true magic.. It did in my opinion later lose credibility as it hasn't fulfilled what it once used to price wise. Length of t3 is 127 pips.. And the rules of it changed somewhat.. Good to keep as an additional resource IMO.

cheers
  • #857
  • Jan 11, 2014 9:56am Jan 11, 2014 9:56am
Hello all

I have a question unrelated to the forum
How do you put a quote at the bottom of my post?? I have been searching ff on how to do this and have had no luck
thanks to all for any help
Live today like theres no tomorrow-- Prioritize like you will die today
  • #858
  • Jan 11, 2014 10:11am Jan 11, 2014 10:11am
Quoting hollowhead
My analysis for the past week with signals triggered and expected targets. As always chip in if I've missed anything or got anything wrong. NB - I am working on the basis that PA before the new year can be used to validate signals. {image} {image} {image} EDIT: Changed EU attachment due to errors.
good job bro ... thats very cool .. thanks for your assistance to this thread to all of us
  • #859
  • Jan 11, 2014 10:14am Jan 11, 2014 10:14am
Quoting iamsovereign
Hello all I have a question unrelated to the forum How do you put a quote at the bottom of my post?? I have been searching ff on how to do this and have had no luck thanks to all for any help
you mean how to quote a post?

u can use the button "QUOTE" in top of your right side post..
Hope this answer your question
  • #860
  • Jan 11, 2014 10:49am Jan 11, 2014 10:49am
Quoting biganc
{quote} Thanks for providing your analysis each week. It's a good review with my numbers to make sure I'm on target. I believe I will stay out of Gbpusd since the 680 is going in one direction and the 1130 in another. Depending on which template you decide to participate in the other will have some good drawdown. However, I'm guessing you will be in both with a hedge.
You guessed right. I am leaning towards the uptrend staying with a decent pullback (which I think it is due), but as I was already long the GU from last year I extended the TP to match this year's T4Y_1130 baseline target, so the hedge isn't that big at the moment. I did enter a sizable short T5_103 and my broker missed the TP by something like 0.4 pips and then it reversed, so my shorts are a little heavy at the moment. I am still in it as I figure it will get taken out on the way to the T5_680 short TP. But it did mean I needed to add to the long to try and balance the hedge a little more. So I did that with a long T5_103 which completed. So the hedge is unbalanced again this weekend (but the account balance is healthier ). I will keep trading it up with T5_103 and T4F if they arise to keep the hedge somewhere in balance until there is a longer term trade to balance the hedge properly.

Then once I have no more long signals I plan to add to the shorts on the way down to the T5_680 target and hopefully will have made some decent pips on this journey

This situation is a little like the EJ one I had Oct/Nov last year - it took about 6 weeks to shake everything out - but once it did it added nicely to the bottom line. This could take longer, but if I keep my head and keep the hedge balanced then I can manage my risk.

Hope that makes sense.
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