Are support and resistance levels predetermined? | Page 107 | Forex Factory

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Are support and resistance levels predetermined?

  • #2,121
  • Dec 30, 2014 2:22am Dec 30, 2014 2:22am
Quoting trader2745
{quote} what do you mean by 565?
is half of 1130.. i use it as day and scalp trades....ie .125.. .25.. .375 etc also the 50% .618 and .375.. between these points.. 1130 works well as well of course
  • #2,122
  • Dec 30, 2014 2:23am Dec 30, 2014 2:23am
well its getting more interesting i just tried it on T5_103F, this is what i got
Attached Image (click to enlarge)
Click to Enlarge Name: abon trade line 3.png Size: 58 KB
  • #2,123
  • Dec 30, 2014 2:29am Dec 30, 2014 2:29am
Quoting danc
{quote} is half of 1130.. i use it as day and scalp trades....ie .125.. .25.. .375 etc also the 50% .618 and .375.. between these points.. 1130 works well as well of course
i got it.
  • #2,124
  • Dec 30, 2014 2:50am Dec 30, 2014 2:50am
Quoting KmBioDmoneda
To answer the question of the O.P. what people consider support and resistance prices are predetermined, but they are determined daily by something called PIVOT points. Many people pick certain numbers and say that is the support of xyz currency, but dont notice how close those same levels are to the daily pivots. Have a look at EU today. 1.2172 and 1.21225 are the respective pivots which are higher and lower then the current price (1.2155) Now should EU drop today and make a charge upward, notice how it is a daily pivot which it touches and bounces...
Hi KmBioDmoneda
How do you determine your daily pivot level and S/R levels? any indicator? Please explain..
unlearning is difficult than learning-that is the key!!
  • #2,125
  • Dec 30, 2014 3:02am Dec 30, 2014 3:02am
Quoting sram
{quote} Hi KmBioDmoneda How do you determine your daily pivot level and S/R levels? any indicator? Please explain..
Hello sir. In one of my previous post I attached a link in which you can get the daily pivots. http://www.forex-tsd.com/metatrader-...ndicators.html
  • #2,126
  • Dec 31, 2014 1:42am Dec 31, 2014 1:42am
Quoting KmBioDmoneda
{quote} Hello sir. In one of my previous post I attached a link in which you can get the daily pivots. http://www.forex-tsd.com/metatrader-...ndicators.html
Friend Km
I know all these pivots.I thought you try to determine something new related to abonacci. Thank you.
unlearning is difficult than learning-that is the key!!
  • #2,127
  • Jan 1, 2015 1:28pm Jan 1, 2015 1:28pm
wo0o0ow
bobi is online now
hi bobi
happy new year
  • #2,128
  • Jan 1, 2015 1:41pm Jan 1, 2015 1:41pm
I hope we will have the new template base lines soon, I can see that Bobi is on-line
  • #2,129
  • Jan 1, 2015 1:52pm Jan 1, 2015 1:52pm
Bobi, I glad to see you here! Happy New Year!
  • #2,130
  • Jan 1, 2015 2:32pm Jan 1, 2015 2:32pm
Hello
Happy new year.
I am posting on behalf of Mr. Abonacci the base lines for 2015.
EUR-USD
T4F= 1.2160
T5_1_103F= 1.2128
T4Y_680= 1.2877
T4Y_1130=1.3061
T5_5=1.2377
GOLD
T4F= 1185.5
T5_1_103F= 1182.5
T4Y_680= 1224.9
T4Y_1130=2292.2
T5_5=1118.9
Learn to walk before you run
  • #2,131
  • Jan 1, 2015 2:37pm Jan 1, 2015 2:37pm
Thanks a lot!
  • #2,132
  • Jan 1, 2015 2:39pm Jan 1, 2015 2:39pm
Quoting aebab
Hello Happy new year. I am posting on behalf of Mr. Abonacci the base lines for 2015. EUR-USD T4F= 1.2160 T5_1_103F= 1.2128 T4Y_680= 1.2877 T4Y_1130=1.3061 T5_5=1.2377 GOLD T4F= 1185.5 T5_1_103F= 1182.5 T4Y_680= 1224.9 T4Y_1130=2292.2 T5_5=1118.9
Once again 'Many thanks'. Please pass my gratitude and well wishes to Mr Abonacci. May I request baselines for a yen pair as well as EU, GU and AU. Thanks and best wishes for 2015.
  • #2,133
  • Jan 1, 2015 2:43pm Jan 1, 2015 2:43pm
I would say that Bobi will start a new Thread very soon. He will introduce new Abonacci System called " Abonacci Dynamic Trading" in couple of days .
It will help you to dynamically set TP and Stop loss and is very effective for day trading and even swing trading.
Learn to walk before you run
  • #2,134
  • Jan 1, 2015 2:44pm Jan 1, 2015 2:44pm
Quoting hollowhead
{quote} Once again 'Many thanks'. Please pass my gratitude and well wishes to Mr Abonacci. May I request baselines for a yen pair as well as EU, GU and AU. Thanks and best wishes for 2015.
Surely I will do. Thanks.
I will get the base lines for those instruments and will post them tomorrow.
Learn to walk before you run
  • #2,135
  • Jan 1, 2015 2:45pm Jan 1, 2015 2:45pm
Quoting aebab
I would say that Bobi will start a new Thread very soon. He will introduce new Abonacci System called " Abonacci Dynamic Trading" in couple of days . It will help you to dynamically set TP and Stop loss and is very effective for day trading and even swing trading.
Great - I look forward to that.
  • #2,136
  • Jan 1, 2015 3:56pm Jan 1, 2015 3:56pm
thanks aebab, someone please confirm is T5_5=T5-965?
  • #2,137
  • Jan 1, 2015 6:48pm Jan 1, 2015 6:48pm
Quoting aebab
hello happy new year. I am posting on behalf of mr. Abonacci the base lines for 2015. Eur-usd t4f= 1.2160 t5_1_103f= 1.2128 t4y_680= 1.2877 t4y_1130=1.3061 t5_5=1.2377 gold t4f= 1185.5 t5_1_103f= 1182.5 t4y_680= 1224.9 t4y_1130=2292.2 t5_5=1118.9
happy new year and thanks for the base lines, can you please confirm if t5_5 is t5_965 or another template? Thank you.
  • #2,138
  • Jan 1, 2015 8:31pm Jan 1, 2015 8:31pm
Quoting sram
{quote} Friend Km I know all these pivots.I thought you try to determine something new related to abonacci. Thank you.
At the current moment, I am simply testing fibs out with fractal setups. Once I find results worth posting (results which have a very clear outcome for a scalp trade) it will be my pleasure to share it with all here.
  • #2,139
  • Jan 2, 2015 12:51am Jan 2, 2015 12:51am
Quoting aebab
I would say that Bobi will start a new Thread very soon. He will introduce new Abonacci System called " Abonacci Dynamic Trading" in couple of days . It will help you to dynamically set TP and Stop loss and is very effective for day trading and even swing trading.

Great news! Looking forward! All the best for the New Year!!!
  • #2,140
  • Jan 2, 2015 1:22am Jan 2, 2015 1:22am
Thank you for the new baselines. Wishing you and Aebab a blessed new year.
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