Are support and resistance levels predetermined? | Page 87 | Forex Factory

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Are support and resistance levels predetermined?

  • #1,721
  • Mar 23, 2014 3:51am Mar 23, 2014 3:51am
Quoting arlucad
do i need the indicator ? or can i draw the levels myself?
I guess so. All the indicator does is draw the lines from the baseline.
  • #1,722
  • Mar 23, 2014 4:20am Mar 23, 2014 4:20am
Hollowhead... with the T103 signals on EU at 1.35xx and 1.34xx from a few months back - isn't it safe to say they have failed??

we did climb 4 phases in the opposite direction... though i expect they will hit due to the t680 target at 3398
  • #1,723
  • Mar 23, 2014 4:22am Mar 23, 2014 4:22am
and how can i define the baseline?
Everyday better.
  • #1,724
  • Mar 23, 2014 4:31am Mar 23, 2014 4:31am
Quoting jaylovin
Hollowhead... with the T103 signals on EU at 1.35xx and 1.34xx from a few months back - isn't it safe to say they have failed?? we did climb 4 phases in the opposite direction... though i expect they will hit due to the t680 target at 3398
Hi Jay - I suppose it depends how you define a 'fail'. For me, as there are still larger template targets below them, I still think they will get hit this year - so I would call them more 'not living up to expectation' as opposed to 'failed' .

There is an AU T5_103 on 24 Jan which I have removed from my analysis as there is no target beneath it - so this for me is a fail, but I'm cool if people consider them a fail if price moves a certain number of phases away from it.
  • #1,725
  • Mar 23, 2014 4:33am Mar 23, 2014 4:33am
Quoting arlucad
and how can i define the baseline?
As is clear in the thread - you can't calculate the baselines - you will have to start drawing lines from the baselines bobi has given here.
  • #1,726
  • Mar 23, 2014 4:41am Mar 23, 2014 4:41am
okay thanks i will test
Everyday better.
  • #1,727
  • Mar 23, 2014 2:41pm Mar 23, 2014 2:41pm
We must be careful with this pair. It may be forming shoulder-head-shoulder downward
Attached Image (click to enlarge)
Click to Enlarge Name: aud-usd 23-03-14.png Size: 31 KB
  • #1,728
  • Mar 23, 2014 5:28pm Mar 23, 2014 5:28pm
Quoting jmss59
We must be careful with this pair. It may be forming shoulder-head-shoulder downward {image}
Faced with the possibility of forming a shs, closed operation with pips +31.1.
  • #1,729
  • Mar 23, 2014 5:40pm Mar 23, 2014 5:40pm
Quoting hollowhead
{quote} so I would call them more 'not living up to expectation' as opposed to 'failed' .

funny...

i am wondering if we swing down 600 pips first before moving up again... 3730-50 area is the first breaking point...
  • #1,730
  • Mar 24, 2014 2:38am Mar 24, 2014 2:38am
Quoting jaylovin
{quote} funny... i am wondering if we swing down 600 pips first before moving up again... 3730-50 area is the first breaking point...
Sounds good to me - can you get that organised?
  • #1,731
  • Mar 24, 2014 2:53am Mar 24, 2014 2:53am
Quoting hollowhead
{quote} Sounds good to me - can you get that organised?

i'll make a call wolf of wall street style
  • #1,732
  • Mar 24, 2014 3:10am Mar 24, 2014 3:10am
Quoting jaylovin
{quote} i'll make a call wolf of wall street style
- do it.
  • #1,733
  • Mar 24, 2014 3:19am Mar 24, 2014 3:19am
Quoting hollowhead
{quote} - do it.

done... its gonna happen... he says just be patient he can't tell me when?
  • #1,734
  • Mar 24, 2014 4:12am Mar 24, 2014 4:12am
AU Long T5_103 TP complete
Attached Image (click to enlarge)
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  • #1,735
  • Mar 24, 2014 11:46am Mar 24, 2014 11:46am
Hi i am not sure how to use this information in this thread ? The threadstarter will not show us how to calculate the numbers so we depend on him ?

Best regards
  • #1,736
  • Mar 24, 2014 11:58am Mar 24, 2014 11:58am
Quoting jgadefelth
Hi i am not sure how to use this information in this thread ? The threadstarter will not show us how to calculate the numbers so we depend on him ? Best regards
Yep - that's the deal but what he has given is valid until the end of the year and is profitable.
  • #1,737
  • Mar 24, 2014 12:23pm Mar 24, 2014 12:23pm
Quoting hollowhead
{quote} Yep - that's the deal but what he has given is valid until the end of the year and is profitable.

Ok thanks then i will keep reading the thread and try to learn. And hope he will find a way to update this when necesary every year perhaps or if he will sell a course or something by his company

Best regards
  • #1,738
  • Mar 24, 2014 12:26pm Mar 24, 2014 12:26pm
Quoting jgadefelth
{quote} Ok thanks then i will keep reading the thread and try to learn. And hope he will find a way to update this when necesary every year perhaps or if he will sell a course or something by his company Best regards
Bobi visits the thread occasionally - he shared this annual method, last year, and turned came within week one of this year to give baselines - I have no doubt that next year, he will do the same if he is able. In the meantime - there's a lot of time and alot of pips on the table to be taken.
  • #1,739
  • Mar 24, 2014 12:58pm Mar 24, 2014 12:58pm
One good news and one bad news. The good news is that the EU reached its goal. The bad news is quel GU jumped the stop in this pair at the next operation I will come with 2 lots.
  • #1,740
  • Mar 24, 2014 2:05pm Mar 24, 2014 2:05pm
hi guys, has GU hit bottom for a reversal?
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