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Are support and resistance levels predetermined?

  • #981
  • Jan 23, 2014 6:43am Jan 23, 2014 6:43am
3684 is the next breakout to watch... then up into the 1.3731 which was a previously failed target on T103... so we may go back now to complete it.. of course t680 still points down to 3398... i am expecting more down than that before new bull move kicks in... above 3790 then i think we forget downside for a while... goodluck... waiting with patience
  • #982
  • Jan 23, 2014 8:58am Jan 23, 2014 8:58am
thanks for your congratulations, but you think that would not be possible without this thread
  • #983
  • Jan 23, 2014 10:03am Jan 23, 2014 10:03am
Quoting biganc
Congratulations Hollow, JM and Euro on your trades!!!! Not being at my computer I missed them. Alan

Thanks Biganc....I'm sorry to hear you missed out







Lorenzo
Staircase down to ride the elevator up.....wait..wait..wait for it
  • #984
  • Jan 23, 2014 10:07am Jan 23, 2014 10:07am
Quoting jmss59
thanks for your congratulations, but you think that would not be possible without this thread
I second that Jmss59!!!!!!! Thanks to Bobi...this thread and Jmss59 and Hollowhead's guidance and tutelage.
Staircase down to ride the elevator up.....wait..wait..wait for it
  • #985
  • Jan 23, 2014 10:16am Jan 23, 2014 10:16am
Quoting Egumektk
Happy congratulations Hollow, JM and Euro on your trades, I have been following Bobi all these years, every day from the first post of the old thread. Very precise targets ! Egu.

Thank You Egumektk....

My success has come from Bobi...this thread and Jmss59 and Hollowhead's guidance and tutelage.
Staircase down to ride the elevator up.....wait..wait..wait for it
  • #986
  • Jan 23, 2014 1:07pm Jan 23, 2014 1:07pm
eur-usd buy signal was given, but be careful as jaylovin says, because the price has already been to this area and was rejected.
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  • #987
  • Jan 23, 2014 1:12pm Jan 23, 2014 1:12pm
On the other hand we have the aud-usd has again given sell signal in an area that has already been rejected, not reaching the target narrowly.
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  • #988
  • Jan 23, 2014 1:20pm Jan 23, 2014 1:20pm
Quoting jmss59
On the other hand we have the aud-usd has again given sell signal in an area that has already been rejected, not reaching the target narrowly. {image}
Yes and is targetting the TPs for T5_2_2, and T4Y_680 (.8685).

Then I'll be happy to see it go up -
  • #989
  • Jan 23, 2014 2:44pm Jan 23, 2014 2:44pm
i don't know about this eurusd short.... be careful - maybe bobi can advise what we do at a time like this in terms of immediate direction:

T965 has broken upside targetting 1.3919
T680 has broken downside targetting 1.3409...
  • #990
  • Jan 23, 2014 3:01pm Jan 23, 2014 3:01pm
Quoting jaylovin
i don't know about this eurusd short.... be careful - maybe bobi can advise what we do at a time like this in terms of immediate direction: T965 has broken upside targetting 1.3919 T680 has broken downside targetting 1.3409...
Bobi speak a calculator to calculate SL, maybe in this case it would have made serving.
  • #991
  • Jan 23, 2014 3:12pm Jan 23, 2014 3:12pm
Quoting jaylovin
i don't know about this eurusd short.... be careful - maybe bobi can advise what we do at a time like this in terms of immediate direction: T965 has broken upside targetting 1.3919 T680 has broken downside targetting 1.3409...
We know the reality in trading this method (as with all methods) is that price doesn't go in a straight line. Last year we saw several times signals trigger and then price move along way before hitting - I went in a AU long way back last year that had a T5_103x10 TP over 10.000!! Looks a long way off now - but you know - I reckon it will get there in the end and I'll trade it back there.

It's not uncommon for a pair to be in a 4-600 pip channel for months or even years - maybe these two EU targets could be the top and bottom of a forming channel/flag/wedge .
  • #992
  • Jan 23, 2014 3:58pm Jan 23, 2014 3:58pm
Quoting hollowhead
{quote} We know the reality in trading this method (as with all methods) is that price doesn't go in a straight line. Last year we saw several times signals trigger and then price move along way before hitting - I went in a AU long way back last year that had a T5_103x10 TP over 10.000!! Looks a long way off now - but you know - I reckon it will get there in the end and I'll trade it back there. It's not uncommon for a pair to be in a 4-600 pip channel for months or even years - maybe these two EU targets could be the top and bottom of a forming...

if you went long last year on T1030 - i wouldn't have thought the target is valid any longer... on any of the templates bobi gave us... baselines changing would mean all previous targets would become invalid...

in answer to your point about EU moving up and down... i completely agree however bobi's system isn't just finding targets after a breakout - its also daily to yearly direction and reversal levels within two pips... believe it or not - he predicated EURUSD top at 1.4940... he also predicted another top at 1.4548.

if you look back at the weekly charts you will find these tops... both of these were made to the pip... he also predicted a reversal long at 1.2871 in Jan 2011.. so there is a way to tell without having to risk 400 pips
  • #993
  • Jan 23, 2014 5:02pm Jan 23, 2014 5:02pm
Quoting jaylovin
{quote} if you went long last year on T1030 - i wouldn't have thought the target is valid any longer... on any of the templates bobi gave us... baselines changing would mean all previous targets would become invalid... in answer to your point about EU moving up and down... i completely agree however bobi's system isn't just finding targets after a breakout - its also daily to yearly direction and reversal levels within two pips... believe it or not - he predicated EURUSD top at 1.4940... he also predicted another top at 1.4548. if you look back...
I am actually out of that trade - I hedged and managed to undo it on the way down. But bobi did say some of the targets of the larger templates are valid into the next year. I know he has given a prediction for EU this year, but unfortunately without him contributing more regularly I guess we can't benefit from his analysis in the same way he did previously.
  • #994
  • Jan 24, 2014 1:01am Jan 24, 2014 1:01am
Quoting hollowhead
{quote} Yes and is targetting the TPs for T5_2_2, and T4Y_680 (.8685). Then I'll be happy to see it go up -
Had set my AU shorts to TP at .8702. Happy to wake up to see them completed. Now a good bounce up on AU would be perfect , but something tells me not yet...
  • #995
  • Jan 24, 2014 2:29am Jan 24, 2014 2:29am
I Bobi,
please can you give me the 2014 baseline for eurostxx50?
thanks
  • #996
  • Jan 24, 2014 2:43am Jan 24, 2014 2:43am
Quoting hollowhead
{quote} Had set my AU shorts to TP at .8702. Happy to wake up to see them completed. Now a good bounce up on AU would be perfect , but something tells me not yet...

nice hollowhead... i am long EU but a small one here... tp 1.3730... lets see...
  • #997
  • Jan 24, 2014 2:54am Jan 24, 2014 2:54am
Quoting jaylovin
{quote} nice hollowhead... i am long EU but a small one here... tp 1.3730... lets see...
I Jayolin
can you confirm T 103 GBP\USD if break 38.2 tp 1.6710?
thanks
armyda
  • #998
  • Jan 24, 2014 2:58am Jan 24, 2014 2:58am
Quoting hollowhead
{quote} Had set my AU shorts to TP at .8702. Happy to wake up to see them completed. Now a good bounce up on AU would be perfect , but something tells me not yet...
I hollowhead
T103 eur\usd can retrace until 100%(1.36450) and then tp 1.3730?
tanks
armyda
  • #999
  • Jan 24, 2014 3:00am Jan 24, 2014 3:00am
Quoting armyda
{quote} I Jayolin can you confirm T 103 GBPUSD if break 38.2 tp 1.6710? thanks armyda

1.6713 i have if broken
  • #1,000
  • Jan 24, 2014 3:02am Jan 24, 2014 3:02am
Quoting jaylovin
{quote} 1.6713 i have if broken
Tank you so much
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