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Are support and resistance levels predetermined?

  • #1,961
  • Sep 8, 2014 1:49pm Sep 8, 2014 1:49pm
Quoting aebab
The template is for long-term trading and is suitable for financial institutions or bankers or those who like to trade for mid or long-term. It is difficult to say what is the stop loss level if you are using only one template . to find the stop loss , you have to use different templates . As I said , the movements of the market is due to different support and resistance levels developed by different rooms (phases). For instance , how we may know the price (eur/usd) may reverse at 1.3461? later, I will introduce a template that is very useful for day trading and its length is only 103 pips.
(Lines drawn with MS Paint. Copied aebab's charts and introduced lines in Paint. So, not precisely to scale)

Without: (Originally posted by, aebab)
http://i59.tinypic.com/x5cgsj.jpg


With:
http://i57.tinypic.com/16auwj5.jpg


Really interesting stuff. Now, all you need is a Timing mechanism and some historical analysis to determine the Probability, and you should have a very interesting trading methodology.

Scary stuff.
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
  • #1,962
  • Sep 8, 2014 8:43pm Sep 8, 2014 8:43pm
Quoting hollowhead
{quote} I think it's a very good target - its also around the 50% fib of the weekly bull run. It's a very natural target.
Hi Hollow, please check on template T4Y_680 Euro/USD is already ON = SELL EU 1.2883 TP 1.2718 what do u think?
  • #1,963
  • Sep 10, 2014 9:48am Sep 10, 2014 9:48am
Quoting hollowhead
{quote} I think it's a very good target - its also around the 50% fib of the weekly bull run. It's a very natural target.
Hi Hollow, please check on template T5_103 Gbp/USD is already ON = BUY GBP/USD 1.6160 TP 1.6200 what do u think?
  • #1,964
  • Sep 10, 2014 11:42am Sep 10, 2014 11:42am
Quoting iDoubleStoch
{quote} (Lines drawn with MS Paint. Copied aebab's charts and introduced lines in Paint. So, not precisely to scale) Without: (Originally posted by, aebab) {image} With: {image} Really interesting stuff. Now, all you need is a Timing mechanism and some historical analysis to determine the Probability, and you should have a very interesting trading methodology. Scary stuff.
Hi iDoubleStoch

I can't deny I'm intigued by your charts. I guess the obvious question is, how do you choose where to start drawing the rectangles? Can you use it to anticipate where the line will be, or is it only retrospective?

Steve
  • #1,965
  • Sep 10, 2014 1:21pm Sep 10, 2014 1:21pm
Quoting na_r2000
{quote} Hi Hollow, please check on template T5_103 Gbp/USD is already ON = BUY GBP/USD 1.6160 TP 1.6200 what do u think?
Forgive me for answering but it is tough for me to keep quiet at times. You are right on the money with your assessment of GBP/USD in the short term. It may go higher but will have to check 680 and 1130 to find out.
  • #1,966
  • Sep 10, 2014 8:03pm Sep 10, 2014 8:03pm
Quoting na_r2000
{quote} Hi Hollow, please check on template T5_103 Gbp/USD is already ON = BUY GBP/USD 1.6160 TP 1.6200 what do u think?
HIT TP
  • #1,967
  • Sep 11, 2014 5:15pm Sep 11, 2014 5:15pm
Steve - I certainly see why you chose not to continue on the E/U journey - It is really difficult to stay in when the drawdowns occur.
I am still in it because I think, based on signals from the Abonacci templates, it will continue down to 1.2718. I trade live and use
more per trade than I should - the rewards are great but it is nerve racking when we get these retraces. It is helpful with the Abonacci system since we have used it and have confidence in it but I really may just get out with a small profit and wait for the inevitable long that will occur.
  • #1,968
  • Sep 11, 2014 11:57pm Sep 11, 2014 11:57pm
Quoting tomthepoppop
{quote} Forgive me for answering but it is tough for me to keep quiet at times. You are right on the money with your assessment of GBP/USD in the short term. It may go higher but will have to check 680 and 1130 to find out.
Hi Tom

I agree. There are many trading the gap, so the odds of the 103 long to the gap completing are good.

Please don't feel you have to keep quiet if something is directed at me, your input and analysis is valued.
  • #1,969
  • Sep 12, 2014 12:00am Sep 12, 2014 12:00am
Quoting tomthepoppop
Steve - I certainly see why you chose not to continue on the E/U journey - It is really difficult to stay in when the drawdowns occur. I am still in it because I think, based on signals from the Abonacci templates, it will continue down to 1.2718. I trade live and use more per trade than I should - the rewards are great but it is nerve racking when we get these retraces. It is helpful with the Abonacci system since we have used it and have confidence in it but I really may just get out with a small profit and wait for the inevitable long that will...
I think EU and GU are at intersting places. I am flat on both at the moment, and agree that the inevitable long will come. I can wait til then...

Steve
  • #1,970
  • Sep 12, 2014 9:03pm Sep 12, 2014 9:03pm
Quoting hollowhead
{quote} I think EU and GU are at intersting places. I am flat on both at the moment, and agree that the inevitable long will come. I can wait til then... Steve
Hi Hollow, please check on template T5_103 EU is already ON = BUY EU 1.2970 TP 1.3010 what do u think?
  • #1,971
  • Sep 13, 2014 5:55am Sep 13, 2014 5:55am
Quoting na_r2000
{quote} Hi Hollow, please check on template T5_103 EU is already ON = BUY EU 1.2970 TP 1.3010 what do u think?
It's a vaild signal. But please note it is counter to the T4Y_680 short which targets 1.2718.
  • #1,972
  • Sep 13, 2014 10:16am Sep 13, 2014 10:16am
nothing funny , strange or magical happening...


just price moving away from the mean .. and back to its mean... if it "breaks" out of an extreme.. it will find a new mean.. and the game starts from the beginning..
  • #1,973
  • Sep 14, 2014 9:12pm Sep 14, 2014 9:12pm
Quoting hollowhead
{quote} It's a vaild signal. But please note it is counter to the T4Y_680 short which targets 1.2718.

cool
  • #1,974
  • Sep 15, 2014 2:43pm Sep 15, 2014 2:43pm
Hello every body
i m an amateur in abonacci templates .
could you tell me where i can find the baselines numbers in EUR/USD ?
thanks a lot
  • #1,975
  • Sep 16, 2014 12:12am Sep 16, 2014 12:12am
hi
i guess the price will rich to 1.2819 and then 1.2750 and " sell" is more valid than "buy"
  • #1,976
  • Sep 16, 2014 3:35am Sep 16, 2014 3:35am
Quoting hollowhead
{quote} It's a vaild signal. But please note it is counter to the T4Y_680 short which targets 1.2718.
Hi Hollow, please check on template T5_103 Gbp/USD is already ON = SELL GBP/USD 1.6170 TP 1.6130 what do u think?
  • #1,977
  • Sep 16, 2014 3:36am Sep 16, 2014 3:36am
Quoting sanaie7514
Hello every body i m an amateur in abonacci templates . could you tell me where i can find the baselines numbers in EUR/USD ? thanks a lot
Hey here it is http://www.forexfactory.com/showthre...449489&page=37

Good luck
unlearning is difficult than learning-that is the key!!
  • #1,978
  • Sep 16, 2014 11:07am Sep 16, 2014 11:07am
Quoting na_r2000
{quote} Hi Hollow, please check on template T5_103 Gbp/USD is already ON = SELL GBP/USD 1.6170 TP 1.6130 what do u think?

wow the signal is fail
  • #1,979
  • Sep 16, 2014 2:12pm Sep 16, 2014 2:12pm
Quoting na_r2000
{quote} wow the signal is fail
It happens - IMO the T5_103 has the highest fail rate - it's the abonnaci equivelant of scalping
  • #1,980
  • Sep 17, 2014 6:16pm Sep 17, 2014 6:16pm
We are Still on track for 1.2718
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