Are support and resistance levels predetermined? | Page 61 | Forex Factory

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Are support and resistance levels predetermined?

  • #1,201
  • Feb 6, 2014 1:51am Feb 6, 2014 1:51am
Hello all....this my first post.... i'm just wondering is it there's a price level draw by all template, i mean GBPUSD @ 1.6000 (T 1130 @100%, T 965@ 50%..etc). Coz when I draw 2 or more Fibo, i'll focus on price where 2 or 3 Fibo level meet as strong support/resistance.
  • #1,202
  • Feb 6, 2014 4:32am Feb 6, 2014 4:32am
Quoting crepoking
Hello all....this my first post.... i'm just wondering is it there's a price level draw by all template, i mean GBPUSD @ 1.6000 (T 1130 @100%, T 965@ 50%..etc). Coz when I draw 2 or more Fibo, i'll focus on price where 2 or 3 Fibo level meet as strong support/resistance.

crepoking...

if you read the first few pages (i recommend you read the whole thread) - you will find an indicator which will draw the fibs for you
  • #1,203
  • Feb 6, 2014 7:50am Feb 6, 2014 7:50am
EU T5_103 Long TP 13628.3
  • #1,204
  • Feb 6, 2014 8:04am Feb 6, 2014 8:04am
Quoting hollowhead
EU T5_103 Long TP 13628.3
so this also means the target of 3455 has to wait or is void?
  • #1,205
  • Feb 6, 2014 8:09am Feb 6, 2014 8:09am
Quoting jaylovin
{quote} so this also means the target of 3455 has to wait or is void?
I think it just has to wait. There are two targets short that need completing. 1.3455 for the T5_103 and 1.3398 to complete the T4Y_680 (bobi's most reliable template). So I am seeing this as temporary.
  • #1,206
  • Feb 6, 2014 8:14am Feb 6, 2014 8:14am
Quoting hollowhead
{quote} I think it just has to wait. There are two targets short that need completing. 1.3455 for the T5_103 and 1.3398 to complete the T4Y_680 (bobi's most reliable template). So I am seeing this as temporary.
i am looking at sub 1.3650 for shorting now... funny feeling all these gains on EU today will be wiped out tomorrow
  • #1,207
  • Feb 6, 2014 8:27am Feb 6, 2014 8:27am
Quoting jaylovin
{quote} i am looking at sub 1.3650 for shorting now... funny feeling all these gains on EU today will be wiped out tomorrow
That would be good - if it can reach 628 and then drop I would be very happy.
  • #1,208
  • Feb 6, 2014 9:18am Feb 6, 2014 9:18am
Quoting hollowhead
{quote} That would be good - if it can reach 628 and then drop I would be very happy.
Hi hollowhead


what is the meaning of 628
  • #1,209
  • Feb 6, 2014 9:48am Feb 6, 2014 9:48am
Quoting mehmed92
{quote} Hi hollowhead what is the meaning of 628
The EU long target for the T5_103 is 1.36283 - sorry i was typing in shorthand!!
  • #1,210
  • Feb 6, 2014 9:55am Feb 6, 2014 9:55am
Quoting hollowhead
{quote} That would be good - if it can reach 628 and then drop I would be very happy.

I see see many things that tell me this is not going up much higher but I can be wrong - wouldnt be the first time. If we break 3650 I will start to look higher..
  • #1,211
  • Feb 6, 2014 9:59am Feb 6, 2014 9:59am
Quoting jaylovin
{quote} I see see many things that tell me this is not going up much higher but I can be wrong - wouldnt be the first time. If we break 3650 I will start to look higher..
Yep - it looks pretty exhausted at the moment. I'm still holding out for a last gasp for air up before a final dive
  • #1,212
  • Feb 6, 2014 9:54pm Feb 6, 2014 9:54pm
Quoting hollowhead
{quote} The EU long target for the T5_103 is 1.36283 - sorry i was typing in shorthand!!
EU long target for the T4F_220 is 1.36890
  • #1,213
  • Feb 7, 2014 2:54am Feb 7, 2014 2:54am
Hi
Posting on behalf of Mr Abonacci
Baselines of Feb 2014, EUR-USD
T4Y_220=1.3462
T3=1.3550
T5_103=1.3540
T4F=1.3564
Learn to walk before you run
  • #1,214
  • Feb 7, 2014 3:23am Feb 7, 2014 3:23am
Quoting aebab
Hi Posting on behalf of Mr Abonacci Baselines of Feb 2014, EUR-USD T4Y_220=1.3462 T3=1.3550 T5_103=1.3540 T4F=1.3564
moor nth
Good morning Aebab
a question:
but do you give us baseline every month or every year?
  • #1,215
  • Feb 7, 2014 3:58am Feb 7, 2014 3:58am
Quoting armyda
{quote}moor nth Good morning Aebab a question: but do you give us baseline every month or every year?
Armyda

No - this is for another thread which uses monthly templates. The baselines you have been trading here last for the year.

Steve
  • #1,216
  • Feb 7, 2014 4:01am Feb 7, 2014 4:01am
Quoting na_r2000
{quote} EU long target for the T4F_220 is 1.36890
Hi na_r2000 - I don't see that as a valid T4F trade.

Green pips to you

Steve
  • #1,217
  • Feb 7, 2014 4:36am Feb 7, 2014 4:36am
Quoting aebab
Hi Posting on behalf of Mr Abonacci Baselines of Feb 2014, EUR-USD T4Y_220=1.3462 T3=1.3550 T5_103=1.3540 T4F=1.3564

hi i thought t5_103, t4f were valid for the year?

thank you for the numbers
  • #1,218
  • Feb 7, 2014 4:39am Feb 7, 2014 4:39am
Quoting jaylovin
{quote} hi i thought t5_103, t4f were valid for the year?
They are - not sure what is going on. As it wasn't Bobi himself I am not changing anything.
  • #1,219
  • Feb 7, 2014 6:47am Feb 7, 2014 6:47am
Quoting hollowhead
{quote} Armyda No - this is for another thread which uses monthly templates. The baselines you have been trading here last for the year. Steve
hi hollowhead but another thread dos not use T5_103 and T4F for month it just use T3 and T4Y for month I think there is a mistake for these baselines
  • #1,220
  • Feb 7, 2014 7:06am Feb 7, 2014 7:06am
Quoting hollowhead
{quote} They are - not sure what is going on. As it wasn't Bobi himself I am not changing anything.

Hi Hollowhead and Jaylovin.


Somebody asked Bobi for this information on the other thread, but the response was posted to this thread.





Zo
Staircase down to ride the elevator up.....wait..wait..wait for it
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