Are support and resistance levels predetermined? | Page 79 | Forex Factory

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Are support and resistance levels predetermined?

  • #1,561
  • Mar 2, 2014 3:06am Mar 2, 2014 3:06am
Quoting earlroy63
Last 6 months Fxpro HLC 1.3892, 1.2754 and 1.3777

In my opinion there was a monthly calculator.. Which worked in a similar way to template 3 and 4.. That is valid on a month by month basis...

so the last 6 months means the last physical 6 months and not jan to June and July to dec.. Levels are predetermined at the start of each year, month or day depending in which templates or calculators you are looking at...

the calculators became less and less accurate over time... Just as template 4 did.. There is also a t4 calculator out there which gives you monthly baselines but it's of no use as bobi replaced template 4 with template 4Y.. Which is more accurate..

he hasn't spoken of any calculator recently so to my guess they aren't as reliable as they once were.. I also like the idea of temporary calculators as support and resistance levels are ever changing.. And so are the numbers used in the formulas - Babi has said this..
  • #1,562
  • Mar 2, 2014 6:11am Mar 2, 2014 6:11am
Quoting hollowhead
{quote} 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...
You are right Hollo

the calculator i an old Bobi trade sistem
unfurnateky we are bound with this Bobi sistem and only Bobi know the data.
  • #1,563
  • Mar 2, 2014 6:38am Mar 2, 2014 6:38am
Quoting jaylovin
{quote} In my opinion there was a monthly calculator.. Which worked in a similar way to template 3 and 4.. That is valid on a month by month basis... so the last 6 months means the last physical 6 months and not jan to June and July to dec.. Levels are predetermined at the start of each year, month or day depending in which templates or calculators you are looking at... the calculators became less and less accurate over time... Just as template 4 did.. There is also a t4 calculator out there which gives you monthly baselines but it's of no use as...
I think the interpretation of Mehmed92 is correct. The calculator has 3 distinct parts, which are: daily levels, levels monthly and annual levels.
It is logical that the data entered to calculate the annual levels are fixed, and we are looking for levels to 1 year or 6 months, and can not be modified by changing them every month and every month the result. The calculator formula should be provided for the period of 6 months. This is my opinion.
  • #1,564
  • Mar 2, 2014 6:46am Mar 2, 2014 6:46am
Quoting aebab
{quote} Hi hollowhead; First of all , I should appreciate for all your works and contribution in the thread. The best way to learn is to teach and help others . Because you have to study to answer the questions and I see you are the best in the thread. Thanks a lot. About stop loss, I should say if you can not find a clear stop loss in a strategy , you should not rely on it! I said I use hedging if I use only templates for trading. But I never do like that! Because I have a special calculator that generates signals[/highlight]...
Hi hollowhead, I think this system is not closed and Bobi supports using a calculator for calculating the stops-loss.
  • #1,565
  • Mar 2, 2014 7:00am Mar 2, 2014 7:00am
Quoting jmss59
{quote} Hi hollowhead, I think this system is not closed and Bobi supports using a calculator for calculating the stops-loss.
Yes, Bobi has a special calculator for generating stop loss - but we don't have it and the calculator you have isn't what he is referring to. He did say he will try and 'create' one for us to be able to use with these templates. What does that mean? It means it is not the one he has already created.

With all respect at the moment people are guessing how to use something that Bobi has not suggested (pr made available) in this thread. To me this is like an average consumer getting a car that works, gets them where you want to go, is reliable and easy to maintain. And then someone shows them a copy of 'a prototype diagram' for another model of the car and the consumer then thinks they could improve their car better themselves with no understanding of what the diagrams mean, not knowing whether they are looking at the final version of the diagrams, never mind that it is for a model that has been upgraded.

Just my opinion
  • #1,566
  • Mar 2, 2014 7:53am Mar 2, 2014 7:53am
Quoting hollowhead
{quote} Yes, Bobi has a special calculator for generating stop loss - but we don't have it and the calculator you have isn't what he is referring to. He did say he will try and 'create' one for us to be able to use with these templates. What does that mean? It means it is not the one he has already created. With all respect at the moment people are guessing how to use something that Bobi has not suggested (pr made available) in this thread. To me this is like an average consumer getting a car that works, gets them where you want to go, is reliable...
As the system takes several evolutions since its birth, the same calculator, and while it does not publish the new there is no other remedy that used the latest version the 6.6
  • #1,567
  • Mar 2, 2014 9:02am Mar 2, 2014 9:02am
Quoting jmss59
{quote} As the system takes several evolutions since its birth, the same calculator, and while it does not publish the new there is no other remedy that used the latest version the 6.6
This is what Bobi says about it

Quoting aebab
{quote} The software that you are using is the first generation of my theory . The time I developed the software , I was using a formula that both upward and downward movements were the same and derived from a constant number (7). But about half of a year ago I discovered that the market is using different number of pips when wants going up and when wants to go down. So I have changed all major formulas (80%) and the new software is really different and is derived from my new theory that is called "Predetermination Theory in market" and I have converted...
  • #1,568
  • Mar 2, 2014 11:06am Mar 2, 2014 11:06am
If you've read, but will never be possible to create the perfect calculator, since we know the market is changing and if today the euro is trading range of 100 pips, from here a month can change the range to 150 or 60, and that a calculator is very difficult to contemplate it.
  • #1,569
  • Mar 2, 2014 11:47am Mar 2, 2014 11:47am
Quoting jmss59
If you've read, but will never be possible to create the perfect calculator, since we know the market is changing and if today the euro is trading range of 100 pips, from here a month can change the range to 150 or 60, and that a calculator is very difficult to contemplate it.
I'm sorry I'm not sure what you're saying - it sounds like you're saying a calculator can never work because the monthly range changes - which surely undermines the whole predetermination theory!!

All I know is that Bobi says that specific calulcator is based on theory and formulas he has since updated - and so to me its pointless (and risky) trying to use it - especially if your guessing which numbers to enter into it and don't know how to read it. Why not just stick with what we already have as the latest theory and know works now?.

I'm going to bow out of further calculator discussion as I feel it is going to take the thread down a rabbit warren.
  • #1,570
  • Mar 2, 2014 12:58pm Mar 2, 2014 12:58pm
Quoting hollowhead
{quote} I'm sorry I'm not sure what you're saying - it sounds like you're saying a calculator can never work because the monthly range changes - which surely undermines the whole predetermination theory!! All I know is that Bobi says that specific calulcator is based on theory and formulas he has since updated - and so to me its pointless (and risky) trying to use it - especially if your guessing which numbers to enter into it and don't know how to read it. Why not just stick with what we already have as the latest theory and know works now?. I'm...
ok no problem for me
  • #1,571
  • Mar 3, 2014 12:19pm Mar 3, 2014 12:19pm
EUR is on the tow powerful support. baselines of T4Y_680 and T4F_220
  • #1,572
  • Mar 3, 2014 3:08pm Mar 3, 2014 3:08pm
Quoting jmss59
{quote} Hi hollowhead, I think this system is not closed and Bobi supports using a calculator for calculating the stops-loss.
hi .. if you understand and work with calculator at least 2 year you never use any thing else for trade ...and i remember that bobi said : pairs behavior are constant and never change and as i know every thing in the world has a constant behavior that never change you can predetermine every thing behavior in the future by knowing hlc of this in the past ,i think bobi system is used for every thing in the world and never change,and it is true for the calculator too... it is the constant of abbonacci...
  • #1,573
  • Mar 4, 2014 5:23am Mar 4, 2014 5:23am
Quoting ichinachi
{quote} hi .. if you understand and work with calculator at least 2 year you never use any thing else for trade ...and i remember that bobi said : pairs behavior are constant and never change and as i know every thing in the world has a constant behavior that never change you can predetermine every thing behavior in the future by knowing hlc of this in the past ,i think bobi system is used for every thing in the world and never change,and it is true for the calculator too... it is the constant of abbonacci...
pls Ichinachi, can you suspend ds calculator claim and let us concentrate on learning the way hollowhead and all other kind hearted people on this platform are teaching us to trade successfully with abonnacci.some of us have requested the download link of this calculator ,so as to test it and be able to verify your claims,but you selfishly refuse, and every now and then bring up this same calculator matter to confuse us the more, if you can't share for us to test and verify ,with all due respect dont talk about it again.
  • #1,574
  • Mar 4, 2014 6:39am Mar 4, 2014 6:39am
Quoting peddy
{quote} pls Ichinachi, can you suspend ds calculator claim and let us concentrate on learning the way hollowhead and all other kind hearted people on this platform are teaching us to trade successfully with abonnacci.some of us have requested the download link of this calculator ,so as to test it and be able to verify your claims,but you selfishly refuse, and every now and then bring up this same calculator matter to confuse us the more, if you can't share for us to test and verify ,with all due respect dont talk about it again.
  • #1,575
  • Mar 6, 2014 12:50am Mar 6, 2014 12:50am
Hi bobi Please Share T3 Baseline and T4 march 2014 thanks
  • #1,576
  • Mar 6, 2014 5:22am Mar 6, 2014 5:22am
attention long AU templ 103
  • #1,577
  • Mar 6, 2014 5:23am Mar 6, 2014 5:23am
Quoting hollowhead
Morning (afternoon/evening) all Just for your radar. The AU on T4F has come from above the 23.6% level and crossed below the 61.8%. If price reverses and crosses 10pips higher than the 100% (0.9011), then we have T4F trade on TP - 0.91691. That trade will be in line with T4Y_1130 and T5_2_2 bull targets already set.
Forgot to say - this TF4 has now triggered - TP 0.91691
  • #1,578
  • Mar 6, 2014 7:02am Mar 6, 2014 7:02am
gone long AU 103 tmpl
  • #1,579
  • Mar 6, 2014 8:34am Mar 6, 2014 8:34am
Quoting armyda
EU 105 long
TP Hit
  • #1,580
  • Mar 6, 2014 8:38am Mar 6, 2014 8:38am
FYI - I will not be taking the next EU T5_103 long - I see 1.3898-1.3913 as strong resistance. 1.3898 is the trigger for a T4Y_680 and 1.3913 is the TP for T5_2_2.
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