Are support and resistance levels predetermined? | Page 93 | Forex Factory

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Are support and resistance levels predetermined?

  • #1,841
  • May 9, 2014 7:34am May 9, 2014 7:34am
Quoting na_r2000
{quote} based T5_1_103 GU already hit SELL STOP 1.6891 so now is heading to TP = 1.6851
HIT TP
  • #1,842
  • May 9, 2014 7:38am May 9, 2014 7:38am
Quoting na_r2000
{quote} HIT TP
  • #1,843
  • May 10, 2014 12:47pm May 10, 2014 12:47pm
hi hollowhead and na r2000
Please put templete 220 Bass Line for euro/usd
I've recently become acquainted with the system, how do I correct my exact bass line?

The bass line to the tp?
  • #1,844
  • May 14, 2014 2:38pm May 14, 2014 2:38pm
Hi folks - how we all doing? The threads gone very quiet - are people still trading Abonacci? I'm taking a much longer term approach to Abonacci, stacking positions and letting them run to the long-term targets - but still in the game. It's been slooowwww and frustrating the past few weaks, but things are picking up and it seems some much needed action is getting going.

I'm working on the basis that EU is going to keep dropping to 1.3398 (don't think it will go more than a 20 pips past that) to complete the outstanding bear signals and then rise to new heights (1.45 at least) later in the year.

GU to do the same - a pullback to 1.6188 (don't think it will go more than 20 pips past that), and then continue on the bull run.

Check those levels against all the templates (including T5_1030) and you will see they are critical prices, they are the levels where bear targets are met and new ones are just about to be triggered. They are also the point at which the retail traders will start screaming that the longterm trend has changed (although that seems to be the cry at the moment anyway) - which makes it a likely turning point to shake out the weak positions.

AU - I see going up to 0.978 in the long term.

Anyway - trade well, be safe.
  • #1,845
  • May 14, 2014 4:03pm May 14, 2014 4:03pm
Quoting hollowhead
Hi folks - how we all doing? The threads gone very quiet - are people still trading Abonacci? I'm taking a much longer term approach to Abonacci, stacking positions and letting them run to the long-term targets - but still in the game. It's been slooowwww and frustrating the past few weaks, but things are picking up and it seems some much needed action is getting going. I'm working on the basis that EU is going to keep dropping to 1.3398 (don't think it will go more than a 20 pips past that) to complete the outstanding bear signals and then rise...
STEVE - I am still trading it but on the 965 for EU AND GU and 1130 on AU. They are such long term trades - almost identical to yours - that I just check them once a week. I haven't been stacking but will now. Thanks for the update. I have totally changed my mind on this and only use it as a yearly trade.
Tom
  • #1,846
  • May 14, 2014 6:54pm May 14, 2014 6:54pm
abonacci is so accurate.
i'm following gbpusd the past 3 weeks and its dead on spot.
  • #1,847
  • May 15, 2014 4:17am May 15, 2014 4:17am
Quoting tomthepoppop
{quote} STEVE - I am still trading it but on the 965 for EU AND GU and 1130 on AU. They are such long term trades - almost identical to yours - that I just check them once a week. I haven't been stacking but will now. Thanks for the update. I have totally changed my mind on this and only use it as a yearly trade. Tom
Hi Tom - good to hear from you - glad you've found a way to make it work - have you read PIPEasy's millipede thread? It's really worth the time...
  • #1,848
  • May 15, 2014 4:18am May 15, 2014 4:18am
Quoting shon9178
abonacci is so accurate. i'm following gbpusd the past 3 weeks and its dead on spot.
Glad to hear you're having some success - stay safe.
  • #1,849
  • May 15, 2014 11:23am May 15, 2014 11:23am
Hi HollyHead,
What is he based line for GBPUSD & EURUSD for month of May?
Regards
hukam
  • #1,850
  • May 15, 2014 1:28pm May 15, 2014 1:28pm
Quoting hukam
Hi HollyHead, What is he based line for GBPUSD & EURUSD for month of May? Regards hukam
Hi Hukam - sorry I can't help. The baselines for GU and EU on this thread are for the whole year - I don't know about the other thread and how the monthly baselines work or what they are.
  • #1,851
  • May 15, 2014 1:31pm May 15, 2014 1:31pm
Quoting hollowhead
...I'm working on the basis that EU is going to keep dropping to 1.3398 (don't think it will go more than a 20 pips past that) to complete the outstanding bear signals and then rise to new heights (1.45 at least) later in the year....
Well - this possible daily P Bar could throw a spanner in my works - no matter how much I insist - the markets never want to agree with me or my timing - to be honest I find it rude.
  • #1,852
  • May 15, 2014 6:42pm May 15, 2014 6:42pm
Quoting hollowhead
{quote} Hi Hukam - sorry I can't help. The baselines for GU and EU on this thread are for the whole year - I don't know about the other thread and how the monthly baselines work or what they are.
thanks
  • #1,853
  • May 17, 2014 12:03am May 17, 2014 12:03am
Quoting hollowhead
Hi folks - how we all doing? The threads gone very quiet - are people still trading Abonacci? I'm taking a much longer term approach to Abonacci, stacking positions and letting them run to the long-term targets - but still in the game. It's been slooowwww and frustrating the past few weaks, but things are picking up and it seems some much needed action is getting going. I'm working on the basis that EU is going to keep dropping to 1.3398 (don't think it will go more than a 20 pips past that) to complete the outstanding bear signals and then rise...
Patience is golden mate

abonacci is awesome ..
  • #1,854
  • May 20, 2014 7:54am May 20, 2014 7:54am
Quoting hollowhead
Hi folks - how we all doing? The threads gone very quiet - are people still trading Abonacci? I'm taking a much longer term approach to Abonacci, stacking positions and letting them run to the long-term targets - but still in the game. It's been slooowwww and frustrating the past few weaks, but things are picking up and it seems some much needed action is getting going. I'm working on the basis that EU is going to keep dropping to 1.3398 (don't think it will go more than a 20 pips past that) to complete the outstanding bear signals and then rise...

still alive here Steve, still having some 965 and 680 trades, and on intraday still test and run some 103 and 220
May the odds be ever in your favor
  • #1,855
  • May 20, 2014 8:02am May 20, 2014 8:02am
Quoting HanHanid
{quote} still alive here Steve, still having some 965 and 680 trades, and on intraday still test and run some 103 and 220
Excellent - keep safe
  • #1,856
  • May 21, 2014 7:01am May 21, 2014 7:01am
Hi all! T4 broken down or not?
  • #1,857
  • May 21, 2014 9:51pm May 21, 2014 9:51pm
Quoting Magnat
Hi all! T4 broken down or not?

I don't know about T4, but one thing for sure, and I checked with another template.. EU /USD will going downnnn further down... until 1.34097
May the odds be ever in your favor
  • #1,858
  • May 22, 2014 6:13am May 22, 2014 6:13am
Hello. Under baseline for EUR-JPY pair and template T-103, which is giving me good results.


Baseline for EUR-JPY pair and template T-103: 139,238
Attached Image (click to enlarge)
Click to Enlarge Name: eur-jpy 22-05-14.png Size: 28 KB
  • #1,859
  • May 27, 2014 12:39pm May 27, 2014 12:39pm
Quoting hollowhead
{quote} Excellent - keep safe
based T5_1_103 GU already hit SELL STOP 1.6788 so now is heading to TP = 1.6748
  • #1,860
  • May 27, 2014 1:21pm May 27, 2014 1:21pm
Quoting na_r2000
{quote} based T5_1_103 GU already hit SELL STOP 1.6788 so now is heading to TP = 1.6748
- more importantly (well for me anyway) when price breaks 1.6767, we will have a T4F and price will TP at 1.66089.
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