Are support and resistance levels predetermined? | Page 78 | Forex Factory

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Are support and resistance levels predetermined?

  • #1,541
  • Mar 1, 2014 11:07am Mar 1, 2014 11:07am
Quoting mehmed92
{quote} The price came from over %23.6=1.67563 and broke %61.8=1.66927 in lover phase after that it traveled up and broke %100=1.67320 more than 10 pips then it should rich 1.68187
I'm not at my computer at the moment to check. But you are describing the rules for the TF4 template, but you post says its a T5_ 103 signal. Not sure I understand Mehmed.

Steve
  • #1,542
  • Mar 1, 2014 11:28am Mar 1, 2014 11:28am
To anyone who knows the operation of the calculator, are interpreted data that are in the red box?
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  • #1,543
  • Mar 1, 2014 11:31am Mar 1, 2014 11:31am
Quoting hollowhead
{quote} I'm not at my computer at the moment to check. But you are describing the rules for the TF4 template, but you post says its a T5_ 103 signal. Not sure I understand Mehmed. Steve



You are right
Thank you Steve for helping me to figure out the point
  • #1,544
  • Mar 1, 2014 11:40am Mar 1, 2014 11:40am
Quoting jmss59
To anyone who knows the operation of the calculator, are interpreted data that are in the red box? {image}
Thank you so much
What number did you put in close box for calculating the Pro
  • #1,545
  • Mar 1, 2014 12:01pm Mar 1, 2014 12:01pm
In the annual calculator, price it is approaching the level of firing of a very bullish phase, where the price could reach the level 1.4291, 1.44 - according to bobi and hollowhead.
If you look at the price movements since the beginning of the year this receded until reaching the minimum of 1,3476 February level calculator: Trend Starts to change 1.3482 and from there the price upward reaching tour levels that come with any template for sell is a very high risk
To reject any sell, the price one last test that is to break the level is: The change is Triggered 1.3857
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  • #1,546
  • Mar 1, 2014 12:05pm Mar 1, 2014 12:05pm
Quoting mehmed92
{quote} Thank you so much What number did you put in close box for calculating the Pro
Does it match your data?
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  • #1,547
  • Edited 1:17pm Mar 1, 2014 1:03pm | Edited 1:17pm
Quoting jmss59
{quote} Does it match your data? {image}
No it doesn't match with my data

I have for last 6 month H=1.3892 L=1.2754 C=1.3777
for last month H=1.3823 L=1.3476 C=1.3801
for last day H=1.3823 L=1.3693 C=1.3801
in the mean time these data are taken from FXPRO
  • #1,548
  • Mar 1, 2014 1:14pm Mar 1, 2014 1:14pm
Quoting mehmed92
{quote} No it doesn't match with my data I have for last 6 month H=1.3892 L=1.2754 C=1.3777 for last month H=1.3823 L=1.3476 C=1.3801 for last day H=1.3823 L=1.3693 C=1.3801
I understand it as follows, if not, please tell me.
The last 6 months are August, September, October, November, December, January. And last month February.
The minimum occurs in September: 1.3104
  • #1,549
  • Mar 1, 2014 1:29pm Mar 1, 2014 1:29pm
Quoting jmss59
{quote} I understand it as follows, if not, please tell me. The last 6 months are August, September, October, November, December, January. And last month February. The minimum occurs in September: 1.3104
the last 6 month is last 6 month of 2013 start from July until end of December and last month is February. The minimum occurs in July.
  • #1,550
  • Mar 1, 2014 1:40pm Mar 1, 2014 1:40pm
Quoting mehmed92
{quote} the last 6 month is last 6 month of 2013 start from July until end of December and last month is February. The minimum occurs in July.
So for the rest of 2014 the last 6 months are going to be 2013?
Thanks for the clarification
  • #1,551
  • Mar 1, 2014 1:52pm Mar 1, 2014 1:52pm
Quoting jmss59
{quote} So for the rest of 2014 the last 6 months are going to be 2013? Thanks for the clarification
for January until end of June 2014 are going to be 2013 for the second 6 month of 2014 are going to be the first 6 month of 2014
  • #1,552
  • Mar 1, 2014 1:57pm Mar 1, 2014 1:57pm
Quoting mehmed92
{quote} for January until end of June 2014 are going to be 2013 for the second 6 month of 2014 are going to be the first 6 month of 2014
Thank you very much for the explanation, it is being a great help in understanding the calculator.
  • #1,553
  • Mar 1, 2014 1:58pm Mar 1, 2014 1:58pm
Quoting jmss59
{quote} Thank you very much for the explanation, it is being a great help in understanding the calculator.
No problem
  • #1,554
  • Mar 1, 2014 2:09pm Mar 1, 2014 2:09pm
Quoting hollowhead
{quote} Hi Tom I see price was below the 23.6 on 24 Jan and crossed the 50% on 6 Feb. I'm not sure which short you're referring to. Steve
Steve - Something is wrong. I look at my A/U chart --- 965 indicator -------
On Jan 24 the low for this year occured .86595 that is just below the 38.2 level
The 23.6 level is .85847

Now all this is on my charts which are with Oanda Mt4. So it may be a broker thing ---- BUT
that is quite a difference

What do your figures show?
Tom
  • #1,555
  • Mar 1, 2014 2:12pm Mar 1, 2014 2:12pm
Quoting mehmed92
{quote} No problem
Sorry for abusing your trust, I go asking for the results it gives the calculator?
  • #1,556
  • Mar 1, 2014 3:07pm Mar 1, 2014 3:07pm
Quoting tomthepoppop
{quote} Steve - Something is wrong. I look at my A/U chart --- 965 indicator ------- On Jan 24 the low for this year occured .86595 that is just below the 38.2 level The 23.6 level is .85847 Now all this is on my charts which are with Oanda Mt4. So it may be a broker thing ---- BUT that is quite a difference What do your figures show? Tom
Tom - just double check your baseline. Have you got 0.9348 instead of 0.9438?
  • #1,557
  • Mar 1, 2014 3:39pm Mar 1, 2014 3:39pm
Quoting hollowhead
{quote} Tom - just double check your baseline. Have you got 0.9348 instead of 0.9438?
What a dufussss --- Of course tht was the problem --- I had recently changed computers and had inadvertently put 2013
baselines. Senior moment? I think so. Thanks Steve
Tom
  • #1,558
  • Mar 1, 2014 3:46pm Mar 1, 2014 3:46pm
Quoting tomthepoppop
{quote} What a dufussss --- Of course tht was the problem --- I had recently changed computers and had inadvertently put 2013 baselines. Senior moment? I think so. Thanks Steve Tom
No probs - I screwed up typing in my my baselines too many times last year - Easily done.
  • #1,559
  • Mar 1, 2014 4:01pm Mar 1, 2014 4:01pm
Quoting mehmed92
{quote} for January until end of June 2014 are going to be 2013 for the second 6 month of 2014 are going to be the first 6 month of 2014
Really? That doesn't sound logical to me. From what I understand from the other thread (which the calculator works with) baselines were always changing each month and day - so it stands to reason that it would use the previous six months (and not the last six months of the previous year). If what you say is correct then surely the instruction on the indicator that says 'last month', and 'last 6 months' would be applied the same ie 'last month' would mean Dec 2013 in the same way Last 6 months means July-Dec.

Guys - it seems very clear to me that those who know how to use the calculator are either not using it anymore or not sharing how it is used.

I for one think that if Bobi thought it was of value for these templates then he would have shared it and given instructions. The danger in trying to work it out, without any guidance from Bobi is huge. You will end up with a bias based on things you do not fully understand or know how to contextualise - that is a recipe for bad trading, reckless decision and losing money.

It seems to me, that Bobi clearly stated that what he has shared here in this thread (not the other one), is his latest developments and his best strategies - why the pursuit to change it or add something 'old' to it?

The charts and templates say it all - check last years charts and baselines. Targets are set and they get met? What more can anyone want or need? Really, what more can the calculator add? It's not giving you a SL or MM - which is what folk are struggling to work out.

I have seen so many good threads and systems get completely wrecked because posters have an obsession with changing, adding or 'improving' something. For me, Bobi has done the hard work and given away the rules, templates and baselines. I'm not going to add or change it unless he, and only he says so.

Just my opinion.
  • #1,560
  • Mar 1, 2014 5:03pm Mar 1, 2014 5:03pm
Last 6 months Fxpro HLC 1.3892, 1.2754 and 1.3777
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