Are support and resistance levels predetermined? | Page 108 | Forex Factory

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Are support and resistance levels predetermined?

  • #2,141
  • Jan 2, 2015 2:31am Jan 2, 2015 2:31am
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 thank you very much for the baseline aebab and bobi.looking forward to your new concept.
unlearning is difficult than learning-that is the key!!
  • #2,142
  • Jan 2, 2015 1:37pm Jan 2, 2015 1:37pm
Hi bobi Thank you for the new baselines.
  • #2,143
  • Jan 2, 2015 4:52pm Jan 2, 2015 4:52pm
I have a question for those of you who use support and resistance to enter in a currency.

Could you please tell me on the 5M of USD/JPY today. That huge spike down, How many supports did it close under?
  • #2,144
  • Jan 2, 2015 5:24pm Jan 2, 2015 5:24pm
EURUSD support at 1.20 likely to break on release of European CPI figures in a few days. Something to keep an eye on. Could result in a big move downward.
  • #2,145
  • Jan 4, 2015 5:52pm Jan 4, 2015 5:52pm
looks like eur going up
Attached Image(s) (click to enlarge)
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  • #2,146
  • Jan 4, 2015 6:35pm Jan 4, 2015 6:35pm
EUR T5_103F is on 1.19683 TP 1.2083
  • #2,147
  • Jan 4, 2015 6:37pm Jan 4, 2015 6:37pm
Quoting trader2745
EUR T5_103F is on 1.19683 TP 1.2083
sorry that should be TP 1.20083
  • #2,148
  • Jan 5, 2015 1:09am Jan 5, 2015 1:09am
on EU accordin to the T1130 we are at the bottom of this phase (100%), T680 - 61,8 , so the target of T680 (50%) is not reached yet, let see what will happen durin today's sessions. (Thank you Aebab for sharin your ideas, powerful tool , i analyze and practice 2 months this Abonacci method, my tradin is really improved since i found this thread). regards
  • #2,149
  • Jan 5, 2015 6:34am Jan 5, 2015 6:34am
Quoting trader2745
looks like eur going up {image} {image} {image}
found this thread really interesting and decided to join as a member.

does it mean the T5F_103 failed for this set up?

would like some advice how to determine if this setup has failed as well as appropriate stop less.

Many thanks!
  • #2,150
  • Jan 5, 2015 9:46pm Jan 5, 2015 9:46pm
Quoting Miksiu
on EU accordin to the T1130 we are at the bottom of this phase (100%), T680 - 61,8 , so the target of T680 (50%) is not reached yet, let see what will happen durin today's sessions. (Thank you Aebab for sharin your ideas, powerful tool , i analyze and practice 2 months this Abonacci method, my tradin is really improved since i found this thread). regards
i remember aebab mentioning this on one of the old posts "*You should be familiar with 7-14 digits . sometimes the target goes around 7-14 pips to the target"
I am not suggesting that what happened here but i just wanted to let you know he said this.
  • #2,151
  • Jan 5, 2015 10:00pm Jan 5, 2015 10:00pm
Quoting SideIncome
{quote} found this thread really interesting and decided to join as a member. does it mean the T5F_103 failed for this set up? would like some advice how to determine if this setup has failed as well as appropriate stop less. Many thanks!
sorry to response so late, i suggest you read the first 12 pages of this thread and you ll enjoy it, it is not as hard as seems, good luck
yes you are right T5_1_103F failed for this set (as shown in the chart below) up but be aware of what the rule says "Missed target still will be valid for for the future"
Attached Image (click to enlarge)
Click to Enlarge Name: 4.png Size: 54 KB
  • #2,152
  • Jan 5, 2015 10:07pm Jan 5, 2015 10:07pm
Quoting trader2745
{quote} sorry to response so late, i suggest you read the first 12 pages of this thread and you ll enjoy it, it is not as hard as seems, good luck yes you are right T5_1_103F failed for this set (as shown in the chart below) up but be aware of what the rule says "Missed target still will be valid for for the future" {image}
avoid my entry order shown on the left of the chart it is according to another template T4F
  • #2,153
  • Jan 5, 2015 10:10pm Jan 5, 2015 10:10pm
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.
Hi and thanks again for the base lines. I was wondering If Bobi started the new thread yet?
  • #2,154
  • Jan 5, 2015 10:20pm Jan 5, 2015 10:20pm
Quoting trader2745
{quote} i remember aebab mentioning this on one of the old posts "*You should be familiar with 7-14 digits . sometimes the target goes around 7-14 pips to the target" I am not suggesting that what happened here but i just wanted to let you know he said this.
Also 3rd chart is template for T5_5 which is;
Aebab said
Another template that I am going to introduce is called T5_594. I use this template to find reversal areas. (post # 26)
  • #2,155
  • Jan 5, 2015 10:22pm Jan 5, 2015 10:22pm
Quoting trader2745
{quote} sorry to response so late, i suggest you read the first 12 pages of this thread and you ll enjoy it, it is not as hard as seems, good luck yes you are right T5_1_103F failed for this set (as shown in the chart below) up but be aware of what the rule says "Missed target still will be valid for for the future" {image}
missed target price should be 1.18507 not 1.8507 as it shown in the chart, sorry.
  • #2,156
  • Jan 5, 2015 10:50pm Jan 5, 2015 10:50pm
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.
hi steve, can you please tell me what T5_5 stand for. Is it T5_594 or T5_965? Thank you
  • #2,157
  • Jan 5, 2015 11:38pm Jan 5, 2015 11:38pm
thank you fo response trader2745, yes i strictly follow Bobi's rules with some volume and one rsi in a background and that is all, ( ofcourse watch the price action). T5_5 i also missing this one template (dont know if it is 594(reversal) or 965..) . maybe someone could help. regards

Quoting trader2745
{quote} hi steve, can you please tell me what T5_5 stand for. Is it T5_594 or T5_965? Thank you
  • #2,158
  • Jan 5, 2015 11:48pm Jan 5, 2015 11:48pm
Quoting trader2745
{quote} hi steve, can you please tell me what T5_5 stand for. Is it T5_594 or T5_965? Thank you
Hi Trader - I'm afraid I don't know what T5_5 is. I would ignore it until we're told.

Steve
  • #2,159
  • Jan 6, 2015 12:02am Jan 6, 2015 12:02am
Quoting hollowhead
{quote} Hi Trader - I'm afraid I don't know what T5_5 is. I would ignore it until we're told. Steve
thank you.
  • #2,160
  • Jan 6, 2015 2:13am Jan 6, 2015 2:13am
Quoting trader2745
{quote} sorry to response so late, i suggest you read the first 12 pages of this thread and you ll enjoy it, it is not as hard as seems, good luck yes you are right T5_1_103F failed for this set (as shown in the chart below) up but be aware of what the rule says "Missed target still will be valid for for the future" {image}
Hi trader2745,

Thanks for the reply. Can i know if there is case where the setup for 1.2008 is failed too?

Yesterday, price did move from 23.6%(1.1946) of upper phase back and below 76.4%(~1.1889) of the lower phase. Though it did not break 61.8% of lower phase, if it breaks does it mean 1.2008 set up is invalidated?

Also since 61.8%(1.1882) did not break and price went back up, does it mean the 1.2008 set up is still valid? Thanks!
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