Are support and resistance levels predetermined? | Page 90 | Forex Factory

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Are support and resistance levels predetermined?

  • #1,781
  • Apr 3, 2014 12:12pm Apr 3, 2014 12:12pm
so downside on EU is the way but with all this confusion... i will wait and scalp short higher... maybe better to trade the bigger templates and TF.. 1.3650 is support
  • #1,782
  • Apr 7, 2014 5:12am Apr 7, 2014 5:12am
My weekend analysis (sorry it's a bit late).

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  • #1,783
  • Apr 7, 2014 6:02am Apr 7, 2014 6:02am
Quoting hollowhead
My weekend analysis (sorry it's a bit late). {image}{image}{image}
Thanks Steve - much appreciated.
  • #1,784
  • Apr 7, 2014 2:56pm Apr 7, 2014 2:56pm
hi Steve
the baseline for EU "T5_1_103" is = 1.3851
is this OK ?

are you sure for EU analyse ---- "T5_1_103" bullish TP=>1.38343
is this true?

thanks
  • #1,785
  • Apr 8, 2014 3:58am Apr 8, 2014 3:58am
Quoting moein
hi Steve the baseline for EU "T5_1_103" is = 1.3851 is this OK ? are you sure for EU analyse ---- "T5_1_103" bullish TP=>1.38343 is this true? thanks
Hi Moein

Yes and Yes
  • #1,786
  • Apr 8, 2014 4:47am Apr 8, 2014 4:47am
AU T4Y_1130 TP hit
Edit: and T5_103 long hit
  • #1,787
  • Apr 8, 2014 5:00am Apr 8, 2014 5:00am
Quoting hollowhead
AU T4Y_1130 TP hit Edit: and T5_103 long hit
are you using 0.92773 as your baseline for AU??
  • #1,788
  • Apr 8, 2014 5:36am Apr 8, 2014 5:36am
Quoting njoroge
{quote} are you using 0.92773 as your baseline for AU??
For which template?
  • #1,789
  • Apr 8, 2014 5:41am Apr 8, 2014 5:41am
That's my baseline for AU 1HR.
0.92773
Attached Image (click to enlarge)
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Creditors have better memories than debtors.
  • #1,790
  • Apr 8, 2014 5:51am Apr 8, 2014 5:51am
Quoting ForexSwag
That's my baseline for AU 1HR. 0.92773 {image}
Quoting njoroge
{quote} are you using 0.92773 as your baseline for AU??
Oh I see. No - I am referring to Bobi's templates here - I will only ever post here baselines, trades, analysis that are from Bobi's direct strategy, templates taught here. Please try not to post stuff from my thread here - we need to keep them very separate.

Steve
  • #1,791
  • Apr 8, 2014 6:07am Apr 8, 2014 6:07am
GU T5_103 Long TP hit
  • #1,792
  • Apr 8, 2014 6:17am Apr 8, 2014 6:17am
Quoting hollowhead
{quote} For which template?
i used murey math to calculate the baseline with 220 as phase and this will make the template the t4f?
  • #1,793
  • Edited 7:04am Apr 8, 2014 6:44am | Edited 7:04am
Quoting njoroge
{quote} i used murey math to calculate the baseline with 220 as phase and this will make the template the t4f?
No - this is a different forum thread. Murrey Math has nothing to do with this thread.
  • #1,794
  • Apr 8, 2014 7:46am Apr 8, 2014 7:46am
GU T4Y TP hit
  • #1,795
  • Apr 8, 2014 10:13am Apr 8, 2014 10:13am
Dear aebab, I read your initial posts and am pretty excited to try your theory myself; can you please tell me the steps to get started? Also. how much minimum equity amount will be respectable start for your system? I highly appreciate your (or any other fellow trader's) response over this
  • #1,796
  • Apr 8, 2014 10:36am Apr 8, 2014 10:36am
Quoting rahuld147
Dear aebab, I read your initial posts and am pretty excited to try your theory myself; can you please tell me the steps to get started? Also. how much minimum equity amount will be respectable start for your system? I highly appreciate your (or any other fellow trader's) response over this
Can I gently suggest you read more than Bobi's initial posts and it will become clear that your second question is impossible to answer - you will have to decide how you are going to trade what you learn, and only you will be able to answer questions about equity.
  • #1,797
  • Apr 8, 2014 11:20am Apr 8, 2014 11:20am
Quoting hollowhead
{quote} Can I gently suggest you read more than Bobi's initial posts and it will become clear that your second question is impossible to answer - you will have to decide how you are going to trade what you learn, and only you will be able to answer questions about equity.
Thanks hollowhead for your kind & quick response. Yes I will surely follow your suggestion to read aebab's (I guess he is Bobi) initial posts; to know about this system in detail. I was wandering to know if there is any quicker way to learn it so that I invest less time in reading the older posts and more time in using it into real trades, Lol.. no offense! Thanks again for your quick response over my query, its highly appreciable
  • #1,798
  • Apr 8, 2014 4:24pm Apr 8, 2014 4:24pm
Quoting rahuld147
{quote} Thanks hollowhead for your kind & quick response. Yes I will surely follow your suggestion to read aebab's (I guess he is Bobi) initial posts; to know about this system in detail. I was wandering to know if there is any quicker way to learn it so that I invest less time in reading the older posts and more time in using it into real trades, Lol.. no offense! Thanks again for your quick response over my query, its highly appreciable

there are no shortcut's... maybe unless you got deep pockets but two things will make a trader successful...

a good system and himself... read all the posts - it'll be the quickest investment you make compared to many traders out there who study everything for years on end and still don't succeed..
  • #1,799
  • Apr 8, 2014 5:43pm Apr 8, 2014 5:43pm
Hi !
Any thoughts on the current movement of GBPUSD? shot up pretty high today.
From my chart here it's crossed over 100 on the next leg up.
So according to theory does it mean it will reach 1.68X? to hit 76.4%?

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  • #1,800
  • Apr 8, 2014 5:48pm Apr 8, 2014 5:48pm
Quoting rahuld147
{quote} Thanks hollowhead for your kind & quick response. Yes I will surely follow your suggestion to read aebab's (I guess he is Bobi) initial posts; to know about this system in detail. I was wandering to know if there is any quicker way to learn it so that I invest less time in reading the older posts and more time in using it into real trades, Lol.. no offense! Thanks again for your quick response over my query, its highly appreciable
I agree 100% with Jay
Quoting jaylovin
{quote} there are no shortcut's... maybe unless you got deep pockets but two things will make a trader successful... a good system and himself... read all the posts - it'll be the quickest investment you make compared to many traders out there who study everything for years on end and still don't succeed..
There are no shortcuts - I feel for thoseon FF who don't have English as their native language, and will always try and help. But, any successful trader will tell you that you have to discover it yourself and make it your own. We know there is gold in trading, Bobi (Aebab) has given a shovel and map. But we each have to follow the map and dig. Sadly, to0 many people want to follow someone else to the gold mine, sit down and wait for them to dig and then share the gold. I'm afraid it doesn't work that way. Even if someone is prepared to do that for you, if they stop digging or move on - you are left with no way to mine yourself.
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