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Are support and resistance levels predetermined?

  • #1,121
  • Jan 31, 2014 1:03pm Jan 31, 2014 1:03pm
Quoting Davit
{quote} Hi J May I ask what's your base number on GU and why you choose that.Thank you
Hi Davit, The base line for T5-103 template is 1.6629. Bobi gave baseline to 3 pairs, A / U, E / U and G / U, I put 3 pairs of graphs.
  • #1,122
  • Jan 31, 2014 1:56pm Jan 31, 2014 1:56pm
Quoting Davit
{quote} Hi J May I ask what's your base number on GU and why you choose that.Thank you
Hi Davit - welcome sir - honoured to see you here

Page 1 will give you the principles behind the system (sure you read it already)

If you download the PDF in the attachments section you'll see an outline for the trade signals for each template. Below are the baselines for 2014, baselines last for the year.

I think you'll be interested in the GU T4Y_1130 template which has given a signal that projects price will go to 1.6827 some time this year (I know you tend to trade short on GU from the channel, I pop in the Cable thread quite a lot - not stalking you ), so thought that might intrigue you.
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  • #1,123
  • Jan 31, 2014 4:29pm Jan 31, 2014 4:29pm
My weekend analysis as follows - as always tell me if you see it different. I have included bearish chain reactions. These are where I see a trade being triggered on another template as a current trade completes. This would appear to cause a 'chain reaction' of trades. I am seeing these as potential bottoms/tops of pullbacks, especially if we have large template signals already activated the opposite way. I may have missed some along the way because it gets a little confusing swapping around the templates and checking levels and targets, so let me know if you see it differently.

I have only included bearish ones, as EU and GU have been bearish the last few days, and AU is in a strong bear trend anyway.

On GU and EU, a break 20pips below the T4Y_680 would trigger T5_1030 (T5_103x10) trades which are 400 pip targets, so it would be a big deal if they trigger!!

Hope it helps and have a great weekend.

Steve
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  • #1,124
  • Feb 1, 2014 4:56am Feb 1, 2014 4:56am
Quoting jmss59
{quote} Put that in a sell operation, decided to open 50% coverage of 76.4 - 100. In the operation displayed in the graph, the price goes up to 3 times the coverage level 3 times open coverage: spread x 3 3 times close coverage: spread x 3 If we add the slipage which can be 1 or 2 pip operation. Diminishing greatly benefit the operation. {image}
I think that same templates are honesty too risky for me because they are maked and thinked for TF weekly or montly and then the MDD can be very high
So i decided to follow only 103 and 1030 template made for short -medium trades.
Armayda
  • #1,125
  • Feb 1, 2014 5:06am Feb 1, 2014 5:06am
I jmss,
what do you think about this?
  • #1,126
  • Feb 1, 2014 10:23am Feb 1, 2014 10:23am
Quoting hollowhead
My weekend analysis as follows - as always tell me if you see it different. I have included bearish chain reactions. These are where I see a trade being triggered on another template as a current trade completes. This would appear to cause a 'chain reaction' of trades. I am seeing these as potential bottoms/tops of pullbacks, especially if we have large template signals already activated the opposite way. I may have missed some along the way because it gets a little confusing swapping around the templates and checking levels and targets, so let...
I have looked at your GU analysis and totally concur with your results - I also have thrown other indicators on it to clear the picture BUT TO NO AVAIL! The abonacci charts really do provide as much info on where the price will go as anything else out there. Really great work Steve. It looks as if it will be a fun ride --
  • #1,127
  • Feb 1, 2014 10:26am Feb 1, 2014 10:26am
Quoting jmss59
January Summary A / U, the black sheep 9 trades open , 6 closed and 3 open 6 x 40 pips 240 pips {image}
got a

JMSS59 - Your charts continue to blow me away ---IN A GOOD WAY --- Got a question for you----
Do you set the ENTRY and EXIT points in advance? If so - how far in advance? A week - a month etc.
Tom
  • #1,128
  • Feb 1, 2014 2:05pm Feb 1, 2014 2:05pm
Quoting hollowhead
{quote} Hi Davit - welcome sir - honoured to see you here Page 1 will give you the principles behind the system (sure you read it already) If you download the PDF in the attachments section you'll see an outline for the trade signals for each template. Below are the baselines for 2014, baselines last for the year. I think you'll be interested in the GU T4Y_1130 template which has given a signal that projects price will go to 1.6827 some time this year (I know you tend to trade short on GU from the channel, I pop in the Cable thread quite a lot -...

Hi Hollowhead
Thanks for welcome.I tried finding the PDf but could not.If you could post link to it that would be super.
I exited my shorts on GU and finished the month 20% gain mostly shorting cable on uptrend.Love to short again starting from 1.66
I like logical concepts and I am interested to learn.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,129
  • Feb 1, 2014 2:11pm Feb 1, 2014 2:11pm
Quoting Davit
{quote} Hi Hollowhead Thanks for welcome.I tried finding the PDf but could not.If you could post link to it that would be super. I exited my shorts on GU and finished the month 20% gain mostly shorting cable on uptrend.Love to short again starting from 1.66 I like logical concepts and I am interested to learn. Regards
No problem. It's attached in this post.
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}
Just shout if you have any questions (or more importantly insight!). I read about your month. 20% shorting in an up trend is exceptional. Congrats.

Steve
  • #1,130
  • Feb 2, 2014 9:17am Feb 2, 2014 9:17am
Greetings to all, the best thread I have ever seen, I hope to learn a lot here, thank you for bobi for the best idea and thank you for hollowhead.
  • #1,131
  • Feb 2, 2014 1:39pm Feb 2, 2014 1:39pm
Quoting hollowhead
{quote} No problem. It's attached in this post. {quote} Just shout if you have any questions (or more importantly insight!). I read about your month. 20% shorting in an up trend is exceptional. Congrats. Steve
Sorry bro I don't see any attachment.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,132
  • Feb 2, 2014 1:45pm Feb 2, 2014 1:45pm
Quoting Davit
{quote} Sorry bro I don't see any attachment. Regards
Really? Ok - try clicking this link Abonacci Rules.pdf

Steve
  • #1,133
  • Feb 2, 2014 2:02pm Feb 2, 2014 2:02pm
Quoting jmss59
{quote} I have my doubts on the operation of this template 220. At that price the operation fails, it is not from the level of 23.6 the previous phase. Creating doubts whether the entry is valid at level 100, or expect to level 38.2. {image}
Have been looking back at my AU trades and it seems pretty clear you were right on this one. There is a T4F long on AU at 0.8781 on the phase under that that has kept trying to break, so I am going to look to take that and position my lot size to 'unhedge' the other one - if all goes to plan I should be a little up, and ready to trade down again.

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  • #1,134
  • Feb 2, 2014 2:08pm Feb 2, 2014 2:08pm
Quoting hollowhead
{quote} Really? Ok - try clicking this link Abonacci Rules.pdf Steve

Thank you Steve
In trading, you have to be defensive and aggressive at the same time
  • #1,135
  • Feb 3, 2014 2:16am Feb 3, 2014 2:16am
Quoting hollowhead
{quote} . Now to keep going to complete my T4F.
Closed GU T4F short at 1.6391.

Now, I would be very happy if you just keep going down to 1.6188 to complete my T4Y_680...please .
  • #1,136
  • Feb 3, 2014 2:50am Feb 3, 2014 2:50am
I have been following this thread for a month now you guys are the best.
  • #1,137
  • Feb 3, 2014 3:23am Feb 3, 2014 3:23am
Quoting ximba
I have been following this thread for a month now you guys are the best.

Kind of you to say so Ximba - but I'm sure everyone here would agree that it's bobi who deserves all the credit. I'm just grateful to have stumbled on his system and way of seeing the market, that gives me a method of trading that fits my personality. It gives me absolute rules for entry and exit, but requires some analysis and discretion as well especially when it comes to MM.
  • #1,138
  • Feb 3, 2014 3:28am Feb 3, 2014 3:28am
GU T5_103 short signal TP 1.6336.7.
  • #1,139
  • Feb 3, 2014 3:29am Feb 3, 2014 3:29am
103 template sell GU
  • #1,140
  • Feb 3, 2014 3:30am Feb 3, 2014 3:30am
Quoting armyda
103 template sell GU
Hallo give me five please if i right
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