Are support and resistance levels predetermined? | Page 66 | Forex Factory

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Are support and resistance levels predetermined?

  • #1,301
  • Feb 12, 2014 3:57am Feb 12, 2014 3:57am
Quoting jaylovin
{quote} 3580 for sure...
Thanks
  • #1,302
  • Feb 12, 2014 4:41am Feb 12, 2014 4:41am
Quoting hollowhead
{quote} He did mention that the 103 fails. When asked what the letters in the template mean he pointed out that the F at the end means it can fail. Whereas I think the F in the middle of TF4, means the trade is based on a fail. The only time I think they fail is when you take them when there isn't a larger template target beyond them. If there is say a 680 or 1130 target further up or down, then I figure the 103 has to complete in order to reach those targets - but as we know it could take a while.
hi hollow
but for this year bobi took a way F from T5_1_103 may he changed his mind and after that this Template won't be fail
  • #1,303
  • Feb 12, 2014 4:48am Feb 12, 2014 4:48am
That's a good point - I am still wary if there are no targets on larger templates. Bobi was questined about a failed 103 last year and he responded with something along the lines of 'You surely know about the importance of 7 and 14'. I'll see if I can find it.
  • #1,304
  • Feb 12, 2014 4:57am Feb 12, 2014 4:57am
Quoting hollowhead
That's a good point - I am still wary if there are no targets on larger templates. Bobi was questined about a failed 103 last year and he responded with something along the lines of 'You surely know about the importance of 7 and 14'. I'll see if I can find it.
Here is it.
Quoting aebab
{quote} You should be familiar with 7-14 digits . sometimes the target goes around 7-14 pips to the target. for the first move , price was traveling from lower phase and from below 0% , but for the next moves , if you look better , you will see that they have not been coming from below 0% so we can not take any position based on 594 template rules
  • #1,305
  • Feb 12, 2014 4:58am Feb 12, 2014 4:58am
Funny - every time I go through the thread to find something I spot something new!! I had never spotted that Bobi said that T4F is short time and has an expiry of 1-2 weeks!!
  • #1,306
  • Feb 12, 2014 7:33am Feb 12, 2014 7:33am
AUDUSD pair issued a long signal in T4Y(1130) chart with potential target to 0.94230 (50%) with interim target being 0.91907 (38.2%) that is around 300 pips. Can someone post their reviews on the findings. Attached the screen shot.

Thanks,
spuspala
Attached Image (click to enlarge)
Click to Enlarge Name: audusddaily.png Size: 54 KB
  • #1,307
  • Feb 12, 2014 7:51am Feb 12, 2014 7:51am
Hi spuspala - according to my broker the high is 0.90661 and the trigger is 0.90676. So, its 1.5pips short!!
  • #1,308
  • Feb 12, 2014 7:56am Feb 12, 2014 7:56am
GU T5_103 Buy
  • #1,309
  • Feb 12, 2014 8:22am Feb 12, 2014 8:22am
Quoting hollowhead
Hi spuspala - according to my broker the high is 0.90661 and the trigger is 0.90676. So, its 1.5pips short!!
HH, Agreed looks like it. Thanks for confirming.

Thanks,
SP
  • #1,310
  • Feb 12, 2014 9:14am Feb 12, 2014 9:14am
Quoting spuspala
{quote} HH, Agreed looks like it. Thanks for confirming. Thanks, SP
No problem - When the current T5_103 long on AU completes it will be triggered though - that will make that pair very interesting!!
  • #1,311
  • Feb 12, 2014 1:07pm Feb 12, 2014 1:07pm
Quoting hollowhead
{quote} No problem - When the current T5_103 long on AU completes it will be triggered though - that will make that pair very interesting!!
i believe it triggered but I'm new to the strategy. I believe it also triggered an 1130 trade. please confirm that I am correct.
  • #1,312
  • Feb 12, 2014 3:28pm Feb 12, 2014 3:28pm
Quoting hollowhead
GU T5_103 Buy
TP Hit
  • #1,313
  • Feb 12, 2014 3:40pm Feb 12, 2014 3:40pm
Quoting henn9
{quote} i believe it triggered but I'm new to the strategy. I believe it also triggered an 1130 trade. please confirm that I am correct.
Hi henn9 - according to my broker the high is 0.90661 and the trigger for the T4Y_1130 buy is 0.90676. So, its 1.5pips short. Yes the T5_103 is active and the TP is 0.9102, which means it will have triggered the T4Y_1130 by the time it has completed. BUT, remember, those 1130 phases are massive and can take weeks/months to complete, there is a lot of selling action which can happen between the trigger and the TP.
  • #1,314
  • Feb 12, 2014 11:18pm Feb 12, 2014 11:18pm
aud usd 103 tmpl at target short
  • #1,315
  • Feb 13, 2014 1:00am Feb 13, 2014 1:00am
I just wanna confirm that we still didn't hit yesterday's eu target of 3555? I am still short but this eu is a real )@(";&"!!!!
  • #1,316
  • Feb 13, 2014 1:24am Feb 13, 2014 1:24am
Quoting jaylovin
I just wanna confirm that we still didn't hit yesterday's eu target of 3555? I am still short but this eu is a real )@(";&"!!!!
I make it that its still open - infuriating
  • #1,317
  • Feb 13, 2014 1:26am Feb 13, 2014 1:26am
Quoting hollowhead
{quote} I make it that its still open - infuriating
It's touching a descending TL - so I'm hoping resistance will hold - otherwise another T5_103 long will trigger
  • #1,318
  • Feb 13, 2014 1:37am Feb 13, 2014 1:37am
lliryc swan for EU?
starts short?
  • #1,319
  • Feb 13, 2014 1:42am Feb 13, 2014 1:42am
Quoting hollowhead
{quote} It's touching a descending TL - so I'm hoping resistance will hold - otherwise another T5_103 long will trigger
Well I lts not looking good for my short. This swing trading is tough.
  • #1,320
  • Feb 13, 2014 5:35am Feb 13, 2014 5:35am
103 templ eu long
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