Are support and resistance levels predetermined? | Page 55 | Forex Factory

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Are support and resistance levels predetermined?

  • #1,081
  • Jan 29, 2014 10:00am Jan 29, 2014 10:00am
Quoting armyda
{quote}
If we were to trade timeframes, the I would say it depends. A reversal on of a 15m trend could be the start of a small pullback on the daily. There are too many variables to be able to say for definate. However, I would say if it breaks the upper 38.2% by 7 pips then it has reversed on that template, up to that point, I would lean more towards a pullback - especially when we have short targets on the higher templates.
  • #1,082
  • Jan 29, 2014 11:37am Jan 29, 2014 11:37am
Quoting hollowhead
{quote} If we were to trade timeframes, the I would say it depends. A reversal on of a 15m trend could be the start of a small pullback on the daily. There are too many variables to be able to say for definate. However, I would say if it breaks the upper 38.2% by 7 pips then it has reversed on that template, up to that point, I would lean more towards a pullback - especially when we have short targets on the higher templates.
Thanks Hollo.good night
  • #1,083
  • Jan 30, 2014 3:05am Jan 30, 2014 3:05am
good morning from Europe: E-U sell signal
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  • #1,084
  • Jan 30, 2014 3:15am Jan 30, 2014 3:15am
Quoting jmss59
good morning from Europe: E-U sell signal {image}
Hopefully it will complete this time.

The GU sell looks like it might signal again.
  • #1,085
  • Jan 30, 2014 3:33am Jan 30, 2014 3:33am
Quoting hollowhead
{quote} If we were to trade timeframes, the I would say it depends. A reversal on of a 15m trend could be the start of a small pullback on the daily. There are too many variables to be able to say for definate. However, I would say if it breaks the upper 38.2% by 7 pips then it has reversed on that template, up to that point, I would lean more towards a pullback - especially when we have short targets on the higher templates.
103 template sell eur\usd?
  • #1,086
  • Jan 30, 2014 3:56am Jan 30, 2014 3:56am
sell signal G-U
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  • #1,087
  • Jan 30, 2014 4:02am Jan 30, 2014 4:02am
Quoting jmss59
sell signal G-U {image}
  • #1,088
  • Jan 30, 2014 4:44am Jan 30, 2014 4:44am
Quoting jmss59
analysis G-U {image}
Good spot - it may have trouble getting through here. 1.638 is the biggest zone for me. It is the end of the T4F reversal trade, the support line for another T5_103 short and was previous resistance turned support.

I am thinking we should reach there today or tomorrow. Then if it breaks it could fall down to 1.6188 to complete the T4Y_680 short. Then I will look for a lift again to 1.68 to complete the bull signals. I am dreaming that it will be that simple!!!
  • #1,089
  • Jan 30, 2014 4:51am Jan 30, 2014 4:51am
Quoting hollowhead
{quote} Good spot - it may have trouble getting through here. 1.638 is the biggest zone for me. It is the end of the T4F reversal trade, the support line for another T5_103 short and was previous resistance turned support. I am thinking we should reach there today or tomorrow. Then if it breaks it could fall down to 1.6188 to complete the T4Y_680 short. Then I will look for a lift again to 1.68 to complete the bull signals. I am dreaming that it will be that simple!!!
Interestingly - that T4Y_680 short target is 15pips above a T5_1030 (103x10) support (1.6165). If it were to break 1.6165 - it would trigger a target to 1.5765.

So my conclusion is that I will load longs from 1.618.
  • #1,090
  • Jan 30, 2014 4:55am Jan 30, 2014 4:55am
Quoting tomthepoppop
{quote} You actually hit my point beter than I did. Since i cannot hedge (trade short in the middle of a long) thne i was saying take the 40 pip long trades but leave them active, don't get out ---- untill the 680 or 1130 TP is hit. So all those 40 pip trades turn out to be hundreds of pips unto themselves. You no longer have one trade active but you have all those 103 template DD trades back into the longer term trend---- so at the end when TP is hit you may have the one big 600 or 1100 pip initial TP plus you have all those other what started...
Tom - been thinking about this a little more and definately going to implement it on GU long if we reach 1.618 (see my posts above for reason).

I was thinking the other way to do it is to place the T5_103, then remove two-thirds at the target and leave 1/3 to run. Then you can build equity, reduce the massive DD risk, but build a massive long term position.
  • #1,091
  • Jan 30, 2014 6:33am Jan 30, 2014 6:33am
Quoting hollowhead
{quote} Good spot - it may have trouble getting through here. 1.638 is the biggest zone for me. It is the end of the T4F reversal trade, the support line for another T5_103 short and was previous resistance turned support. I am thinking we should reach there today or tomorrow. Then if it breaks it could fall down to 1.6188 to complete the T4Y_680 short. Then I will look for a lift again to 1.68 to complete the bull signals. I am dreaming that it will be that simple!!!
delete the post, has not corresponded this thread. If you want to get it back
  • #1,092
  • Jan 30, 2014 11:32am Jan 30, 2014 11:32am
the price finally reaches the expected goal
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  • #1,093
  • Jan 30, 2014 12:48pm Jan 30, 2014 12:48pm
Hi jmss59, I want to learn about your trading , would you please guide me ? because I saw some change
made in parameters from where should I study my mean post 1 or ...?
  • #1,094
  • Jan 30, 2014 3:13pm Jan 30, 2014 3:13pm
Quoting k.k
Hi jmss59, I want to learn about your trading , would you please guide me ? because I saw some change made in parameters from where should I study my mean post 1 or ...?
Hi k.k: I would read you the first post I Bobi explaining the operation of the system and the different templates, and if you follow the thread with the graphics and comentarioes attached, will be easy to learn. However if you are unsure if you are able to consult and we will give you the answer.
  • #1,095
  • Jan 31, 2014 1:30am Jan 31, 2014 1:30am
i ask to Hollo or jmss

AUD \USD 103 template has to go to target? and if yes TP?
  • #1,096
  • Jan 31, 2014 1:55am Jan 31, 2014 1:55am
Quoting armyda
i ask to Hollo or jmss AUD \USD 103 template has to go to target? and if yes TP?
It's a mixed signal to me. It didn't really go high enough into the upper phase to strictly follow the rules. Should be at least 23%, ideally 38%. But where it did come is visually an obvious resistance point, so if you took it I would think it will get there - but there are no guarantees. As with all T5_103 shorts, TP is 47pips below 61.8%
  • #1,097
  • Jan 31, 2014 2:01am Jan 31, 2014 2:01am
Quoting hollowhead
{quote} It's a mixed signal to me. It didn't really go high enough into the upper phase to strictly follow the rules. Should be at least 23%, ideally 38%. But where it did come is visually an obvious resistance point, so if you took it I would think it will get there - but there are no guarantees. As with all T5_103 shorts, TP is 47pips below 61.8%
It was the same my idea.
thanks
  • #1,098
  • Jan 31, 2014 2:03am Jan 31, 2014 2:03am
Quoting armyda
i ask to Hollo or jmss AUD \USD 103 template has to go to target? and if yes TP?
In my view, does not qualify for a new operation, since the price level must come from the top 23.6 sales phase, and the level of the lower phase 76.4 for shopping.
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  • #1,099
  • Jan 31, 2014 3:41am Jan 31, 2014 3:41am
Quoting jmss59
{quote} In my view, does not qualify for a new operation, since the price level must come from the top 23.6 sales phase, and the level of the lower phase 76.4 for shopping. {image}
Thanks Jmss
  • #1,100
  • Jan 31, 2014 5:25am Jan 31, 2014 5:25am
Quoting jmss59
sell signal G-U {image}
oohh - spread held that back for me by .3 pips!! Still should get there to complete the T4F trade.
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