Are support and resistance levels predetermined? | Page 70 | Forex Factory

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Are support and resistance levels predetermined?

  • #1,381
  • Feb 18, 2014 10:16am Feb 18, 2014 10:16am
Quoting hollowhead
{quote} I think my US friends have two options. 1. Open an account with a broker that is abroad. 2. Open another account with another broker and use it for hedge trades. I know there have been several threads on FF regarding this, and I'm sure you'll be able to find someone who does it to guide you. I'm pretty sure someone suggested how to do it in this thread - failry early on - i'll see if I can find it.
Thanks a lot Steve
  • #1,382
  • Feb 18, 2014 1:04pm Feb 18, 2014 1:04pm
As you know GU has been climbing rapidly recently. We've had a couple of red days and have T4Y_680 short target of 1.6188 that has not been met. But we also have a T4Y_680 target north (we nearly met it). But we also have a couple of others that I pointed out earlier. So, I wanted to check and see just how high this thing can go.

We have an established target of 1.6868, so we know at some point it is going to get there.

If it breaks beyond by 59pips it triggers the T4Y_680 extension trade (120pips) to 1.7047.
If it goes past 1.70925 we will have a T5_1030 trade which will target 1.7465 (which would be some bull run!!).

So, if we are currently experiencing a smallish pullback and it keeps climbing, as oppossed to a reversal back to 1.6188, I see two possible reversal areas.
They are between
1.6868-1.6927
and
1.7047-17092

Hope that's clear and helps - let me know if you something else.

PS - The reason for posting this is to advise new traders to the templates NOT to trade GU T5_103 longs that will cross into those reversal areas - they can fail if you are trading into a larger template SR area. I made that mistake on AU and it has cost me.
  • #1,383
  • Feb 18, 2014 1:39pm Feb 18, 2014 1:39pm
Quoting hollowhead
{quote} I think my US friends have two options. 1. Open an account with a broker that is abroad. 2. Open another account with another broker and use it for hedge trades. I know there have been several threads on FF regarding this, and I'm sure you'll be able to find someone who does it to guide you. I'm pretty sure someone suggested how to do it in this thread - failry early on - i'll see if I can find it.
You can hedge with fxdd. they are dealing desk broker.
  • #1,384
  • Feb 18, 2014 3:49pm Feb 18, 2014 3:49pm
Quoting henn9
{quote} You can hedge with fxdd. they are dealing desk broker.
Not in the US. It is against the law
  • #1,385
  • Feb 18, 2014 6:35pm Feb 18, 2014 6:35pm
Quoting hollowhead
As you know GU has been climbing rapidly recently. We've had a couple of red days and have T4Y_680 short target of 1.6188 that has not been met. But we also have a T4Y_680 target north (we nearly met it). But we also have a couple of others that I pointed out earlier. So, I wanted to check and see just how high this thing can go. We have an established target of 1.6868, so we know at some point it is going to get there. If it breaks beyond by 59pips it triggers the T4Y_680 extension trade (120pips) to 1.7047. If it goes past 1.70925 we will have...
Thanks for the heads up and putting the GU in perspective
  • #1,386
  • Feb 18, 2014 8:01pm Feb 18, 2014 8:01pm
Quoting hollowhead
As you know GU has been climbing rapidly recently. We've had a couple of red days and have T4Y_680 short target of 1.6188 that has not been met. But we also have a T4Y_680 target north (we nearly met it). But we also have a couple of others that I pointed out earlier. So, I wanted to check and see just how high this thing can go. We have an established target of 1.6868, so we know at some point it is going to get there. If it breaks beyond by 59pips it triggers the T4Y_680 extension trade (120pips) to 1.7047. If it goes past 1.70925 we will have...
Hi Steve
How do you analyze EUR
  • #1,387
  • Feb 18, 2014 9:32pm Feb 18, 2014 9:32pm
I have been reading several pages of this thread and I tried to load the "indicator" in my MT4...but it doesn't show up in Custom Indicators when I restart the platform. Can anyone give me the quick answer as to how to load the indicator?

Thx,
Mike
  • #1,388
  • Feb 18, 2014 9:58pm Feb 18, 2014 9:58pm
hm.. Predetermined? or simply arrived at?
Howlin' at the Moon on the Roof
  • #1,389
  • Feb 18, 2014 10:54pm Feb 18, 2014 10:54pm
Quoting towtow
I have been reading several pages of this thread and I tried to load the "indicator" in my MT4...but it doesn't show up in Custom Indicators when I restart the platform. Can anyone give me the quick answer as to how to load the indicator? Thx, Mike
Sorry, not sure what's happening there I'm afraid. It loads like other indicators for most people.
  • #1,390
  • Feb 18, 2014 10:55pm Feb 18, 2014 10:55pm
Quoting mehmed92
{quote} Hi Steve How do you analyze EUR
I'll do it later Mehmed - but I know Bobi stated previosly that EU will go to 1.44 at some point during 2014.
  • #1,391
  • Feb 18, 2014 10:56pm Feb 18, 2014 10:56pm
Hi,

Anyone have the same analysis with me ? I will take Long GBU / USD, the Abonnacci template seems to me it will be a LONG trade this day
May the odds be ever in your favor
  • #1,392
  • Feb 18, 2014 11:00pm Feb 18, 2014 11:00pm
Quoting Wolf_Wicked
hm.. Predetermined? or simply arrived at?
When I take a trade I think its predetermined. When I close it. I know its arrived.

I know - it sounds impossible and I don't really understand it. Call it what you like, I've never seen anything as accurate.
However it works, it feels predetermined has provided a lot of pips for users
  • #1,393
  • Feb 18, 2014 11:02pm Feb 18, 2014 11:02pm
Quoting biganc
{quote} Not in the US. It is against the law
Hi Al, is it illegal for the broker or the trader? Can a US citizen use a broker that's based in a country where hedging is legal?
  • #1,394
  • Feb 18, 2014 11:04pm Feb 18, 2014 11:04pm
Quoting hollowhead
{quote} When I take a trade I think its predetermined. When I close it. I know its arrived. I know - it sounds impossible and I don't really understand it. Call it what you like, I've never seen anything as accurate. However it works, it feels predetermined has provided a lot of pips for users
You're allowed to say things like that when your demo account is at least profitable. No disrespect but you can see what I'm saying here
Howlin' at the Moon on the Roof
  • #1,395
  • Feb 18, 2014 11:41pm Feb 18, 2014 11:41pm
Quoting Wolf_Wicked
{quote} You're allowed to say things like that when your demo account is at least profitable. No disrespect but you can see what I'm saying here
OK Wolf - you got me. Nothing to see here.
  • #1,396
  • Feb 18, 2014 11:44pm Feb 18, 2014 11:44pm
Quoting hollowhead
{quote} OK Wolf - you got me. Nothing to see here.
Well now I've caught your scent and I'm naturally curious... Will be watching (from the dark)

Show me something.. You have 3 weeks... Be cool

Inserted Video
Howlin' at the Moon on the Roof
  • #1,397
  • Feb 18, 2014 11:56pm Feb 18, 2014 11:56pm
Quoting Wolf_Wicked
{quote} Well now I've caught your scent and I'm naturally curious... Will be watching (from the dark) Show me something.. You have 3 weeks... Be cool http://www.youtube.com/watch?v=CkCWVNaX6-k
Fair enough. Time is all that matters really - that's why I entered the DemOlympics. To see over 1 year how this stacks up. I trade this ona real account, but the demo pretty much reflects my live trading. BTW, I'm sure you don't have the time (or the inclination), but if you skim over the thread you will see a whole stack of live calls by members on the thread. There's got to be over 30. They are usually given within 1min of the signal and target stated when met.

But your right - percentage of account is all that matters in the long run, so 'hopefully' that will show you something in the future.

Green pips
  • #1,398
  • Feb 19, 2014 2:17am Feb 19, 2014 2:17am
Quoting hollowhead
{quote} I'll do it later Mehmed - but I know Bobi stated previosly that EU will go to 1.44 at some point during 2014.
So, the way I see it is as follows.
We have a confirmed T4Y_680 short TP 1.33980
But
We have a confirmed long T5_2_2 TP = 1.39193
We also have a T4Y_1130 TP = 1.4036
This will activate a T4Y_680 TP = 1.4078.

IF - it goes 59pips further (1.4137) we will have a T4Y Extension TP=1.4257
The next big signal will be a T5_1030 at 1.4314 TP 1.4831

So I see potential top reversal areas between 1.4078 and 1.4137
And also between 1.4257 and 1.4314.

Please note - this is only based on what I can see from the templates we have - Bobi has many others which will be much more accurate and he has stated that according to a template we don't have EU will go to 1.4455 at some point during 2014.
  • #1,399
  • Feb 19, 2014 3:06am Feb 19, 2014 3:06am
Quoting hollowhead
{quote} So, the way I see it is as follows. We have a confirmed T4Y_680 short TP 1.33980 But We have a confirmed long T5_2_2 TP = 1.39193 We also have a T4Y_1130 TP = 1.4036 This will activate a T4Y_680 TP = 1.4078. IF - it goes 59pips further (1.4137) we will have a T4Y Extension TP=1.4257 The next big signal will be a T5_1030 at 1.4314 TP 1.4831 So I see potential top reversal areas between 1.4078 and 1.4137 And also between 1.4257 and 1.4314. Please note - this is only based on what I can see from the templates we have - Bobi has many others...
Hi Steve
I think we don't have confirmed long T5_2_2 because the price didn't travel from under %23.6=1.34097 this year and also we don't have confirmed long T4Y_1130 because the price didn't travel from 59 pip under %100=1.34710 this year
  • #1,400
  • Feb 19, 2014 3:11am Feb 19, 2014 3:11am
i think a few analisys is important

GU TF 15min the price is beneath MM 10 50 and 200 exp so the short has good chances
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