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Are support and resistance levels predetermined?

  • #1,001
  • Jan 24, 2014 4:19am Jan 24, 2014 4:19am
Quoting armyda
{quote} I hollowhead T103 eurusd can retrace until 100%(1.36450) and then tp 1.3730? tanks armyda
Hi armyda - I'm afraid it can retrace alot further than the 100% (but just below may be where you want to put your SL). See chart below, price had already broken this line on 13 Jan and retraced a long way before coming back for another go yesterday/today. Remember there is a short signal on the T5_680, which Bobi describes as his most accurate template - this means to me it will go down - but we don't know when. Will it be before 1.6713 is hit? I hope not, but it possible.

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  • #1,002
  • Jan 24, 2014 5:18am Jan 24, 2014 5:18am
aud-usd, new sell signal
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  • #1,003
  • Jan 24, 2014 5:32am Jan 24, 2014 5:32am
T103 TP got it
  • #1,004
  • Jan 24, 2014 5:37am Jan 24, 2014 5:37am
EU hit target at 1.3731 now... ideally i would like to see this drop first while below 1.38.. 1.3180 is tasty but following template - 1.3398
  • #1,005
  • Jan 24, 2014 5:39am Jan 24, 2014 5:39am
Quoting hollowhead
{quote} Hi armyda - I'm afraid it can retrace alot further than the 100% (but just below may be where you want to put your SL). See chart below, price had already broken this line on 13 Jan and retraced a long way before coming back for another go yesterday/today. Remember there is a short signal on the T5_680, which Bobi describes as his most accurate template - this means to me it will go down - but we don't know when. Will it be before 1.6713 is hit? I hope not, but it possible. {image}
Thank you Hollo
  • #1,006
  • Jan 24, 2014 5:42am Jan 24, 2014 5:42am
EUR-USD, the price reached the intended target
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  • #1,007
  • Jan 24, 2014 5:47am Jan 24, 2014 5:47am
Quoting jaylovin
EU hit target at 1.3731 now... ideally i would like to see this drop first while below 1.38.. 1.3180 is tasty but following template - 1.3398
I jaylovin 1.3398 with wich template?
  • #1,008
  • Jan 24, 2014 5:53am Jan 24, 2014 5:53am
i think is..friday and teh week end is near
i think "they" will sell euro gained Yesterday and today....
  • #1,009
  • Jan 24, 2014 6:18am Jan 24, 2014 6:18am
Possible GU T4F sell if it breaks the 0% by ten pips.

Attached Image (click to enlarge)
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  • #1,010
  • Jan 24, 2014 6:18am Jan 24, 2014 6:18am
Quoting armyda
{quote} I jaylovin 1.3398 with wich template?

t680.. maybe they will sell it but we have violated both bull and bear territories.. so we can still go up first then come down later or vice versa... 3 templates right now suggest more upside...
  • #1,011
  • Jan 24, 2014 6:25am Jan 24, 2014 6:25am
Quoting hollowhead
Possible GU T4F sell if it breaks the 0% by ten pips. {image}
Triggered. Targeting 1.6401
  • #1,012
  • Jan 24, 2014 6:29am Jan 24, 2014 6:29am
Quoting hollowhead
Possible GU T4F sell if it breaks the 0% by ten pips. {image}
can you tell me TP?
  • #1,013
  • Jan 24, 2014 6:32am Jan 24, 2014 6:32am
has hardly had time to hang up the operation
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  • #1,014
  • Jan 24, 2014 6:39am Jan 24, 2014 6:39am
Quoting armyda
{quote} can you tell me TP?

I'm targeting 1.6401 - it's a little above the actual template TP which is 1.6388, but I have an aversion to round numbers!!
  • #1,015
  • Jan 24, 2014 6:47am Jan 24, 2014 6:47am
Quoting hollowhead
Possible GU T4F sell if it breaks the 0% by ten pips. {image}
can you explane the T4F rules?
thanks
  • #1,016
  • Jan 24, 2014 6:47am Jan 24, 2014 6:47am
Quoting jmss59
has hardly had time to hang up the operation {image}

You taking the next one?
  • #1,017
  • Jan 24, 2014 6:53am Jan 24, 2014 6:53am
gbp-usd template 220
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  • #1,018
  • Jan 24, 2014 7:00am Jan 24, 2014 7:00am
Quoting armyda
{quote} can you explane the T4F rules? thanks
You can find all the rules for the different templates here
Quoting hollowhead
Given the level of potential confusion regarding rules for the templates (and my own ability to get my two brain cells twisted) I thought I would put Bobi's posts outlining the rules for the different templates in a PDF. I strongly recommend you read the whole thread and not just the PDF, but it might help some people for reference. {image}

T4F is based on the failure of a signal - it is a trend reversal signal. For long if price comes from a lower phase crosses the 38.2% line it should reach 76.4%, BUT, if it fails to reach and falls 10 pips below the 100% line and back into the lower phase, then we enter short to catch the reversal and targets the 23.6% of that lower phase.

Check the PDF and mine and jmss59's charts and you should see.
  • #1,019
  • Jan 24, 2014 7:00am Jan 24, 2014 7:00am
I got in on the 103 audusd profit.
  • #1,020
  • Jan 24, 2014 7:02am Jan 24, 2014 7:02am
Quoting biganc
I got in on the 103 audusd profit.

- Nice job. I missed that one.
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