what do u think ?
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Disliked{quote} template T5_103F is already ON = SELL GU 1.7097 TP 1.7057 what do u think ?Ignored
DislikedI can't see my charts today - but I know with GU I am short biased to at least 1.69 (no real abonacci rationale). With EU, I am short to 1.3398. I am planning to trade the bull trend resuming about that area...Ignored
Dislikedt{quote} Watch eu may keep going 1.3180.. That's where my target i.. Possibly moreIgnored
Disliked{quote} Hey Jay - how's it going? I should have been more clear. I will have a fairly tight stop there. To me it is a major level if it goes much further (60 pips) than that then I think you're right, it could well go much further down. I can't see it going lower than 1.3162 (that's a T4Y_1130 trigger level which would target 1.2906. I'm bearing in mind Bobi's previous ascertion that EU would reach 1.4455 sometime this year. Having said that, we all know anything can happen anytime... Trade safe SteveIgnored
Disliked{quote} Hi Steve... all good here though i am starting to miss family back home.. I have not been trading due to lack of time... but i am also changing my way by trading much much less but a larger position - my mindset has been sane of late because of it... atm i don't know if we see 1.4455.. as accurate as i say Bobi has been - his timing hasn't been perfect but i have never seen anyone master timing in the markets... for now 1.3180 or more seems logical... but i also said that at 1.39 though i didn't trade it. I believe we will most likely see...Ignored
DislikedAEBAB - (Bobi) I need a little help here. Which target should I consider the most accurate? For example the 680 template shows a potential target of 1.3398 on the Eur/Usd while the 1130 template shows a much different potential target (one which I cannot even figure out) and yet the 103 template shows even a different potential than either of the others. A little more discussion would be really helpful. We are appreciative of the information we have and can make profit with it but not knowing more limits the potential. Steve - If you know for sure...Ignored
Disliked{quote} Hey Tom One of the problems is we only have a few of bobi's templates, so there could be big gaps in our analysis (as I think I have demonstrated several times!!) I'll try and do an analysis of the pairs over the weekend. But, the way I see it, there can be two opposing wide targets in play at the same time. One way to look at it would be to go to something like a weekly or monthly chart and see whether those targets are actually the wide side of a bigger timeframe range, wedge, flag etc. In trading both targets, we could simply be...
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Disliked{quote} Steve - You are the only reason this thread has continued - I do wish that Bobi had not deserted us and I hope AEBAB returns (soon) Look - I don't use the 1130 template much because I cannot figure out exactly what the rules are. Will you look at it and see if you can make some sense. According to AEBAB it is one of the most accurate templates. Thanks Steve.Ignored
Disliked{quote} Hi Tom - my understanding of T4Y_1130 is as follows. There are three potential trades. Long (reverse all for short) We enter when price comes from 76.4% into phase above and breaks 23.6% by 42 pips - TP = 300 pips (50% level). If price continues past 50% by 59 pips enter long again - TP 161 pips If price pulls back to the 23.6% and the turns long again and breaks the 38.2% by 21 pips, then we enter long again TP 50% level Check GU 12 Feb - broke 23.6% (Enter 1) 17 Feb - reached 50% (or near enough) (TP1) 19 Mar - pullback to 23.6% resumed...Ignored
Disliked{quote} Wow thanks Steve - I must have had some senior moments not being able to comprehend what Bobi was saying in the rules. Now I got it and will trade it like the Wizard of NC that I am. Ha HaIgnored
Disliked{quote} hi hollow, check EU on T4Y_680 Template , We can say 76.4% is broken when price is traveling from 0%+59 of upper phase and falls 14 pips below 76.4% level of current phase. price already hit 76,4% level means there is sell target EU TP = 1.33980 please correct me if i am wrongIgnored