Are support and resistance levels predetermined? | Page 109 | Forex Factory

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Are support and resistance levels predetermined?

  • #2,161
  • Jan 6, 2015 9:34pm Jan 6, 2015 9:34pm
Quoting SideIncome
{quote} 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!
please ask with charts , it will be much easier to response correctly.
  • #2,162
  • Jan 6, 2015 9:44pm Jan 6, 2015 9:44pm
Quoting SideIncome
{quote} 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!
yes but it still will be valid for the future
  • #2,163
  • Jan 7, 2015 7:45am Jan 7, 2015 7:45am
Hi Bobi,
thank you for the 2015 baseline!! All your community will be very happy to improve trading your system and w'll wait impatiently the new thread.

Meanwhile if is possible, as you did in 2013, to have the baseline for Light Crude Oil..... it's a very interesting market and i guess it will be the same in the
future.

Thank you and green pips to all!
  • #2,164
  • Jan 7, 2015 10:02am Jan 7, 2015 10:02am
Me too waiting for the new thread Abonacci Dynamic Trading.....
  • #2,165
  • Jan 7, 2015 9:13pm Jan 7, 2015 9:13pm
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

Wowwwww.. Thanks a lot ! There's also baseline for GOLD too... Nice
May the odds be ever in your favor
  • #2,166
  • Jan 15, 2015 10:26am Jan 15, 2015 10:26am
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.
Bobi, please, start a new Thread.
  • #2,167
  • Jan 15, 2015 10:48am Jan 15, 2015 10:48am
Quoting Magnat
{quote} Bobi, please, start a new Thread.
Please
  • #2,168
  • Jan 15, 2015 11:27am Jan 15, 2015 11:27am
Quoting Magnat
{quote} Bobi, please, start a new Thread.
Yes, Please
  • #2,169
  • Jan 16, 2015 2:04pm Jan 16, 2015 2:04pm
Bobi, please, start a new Thread
  • #2,170
  • Jan 18, 2015 2:10am Jan 18, 2015 2:10am
Quoting fxiran
Bobi, please, start a new Thread
Ha Ha
  • #2,171
  • Jan 19, 2015 11:01am Jan 19, 2015 11:01am
hi bobi,
please give new baseline for gbp/usd and aud/usd
thanks
  • #2,172
  • Jan 19, 2015 1:02pm Jan 19, 2015 1:02pm
Predetermined? No chance. You can even see this on the charts, every day when price totally ignores yet another S/R area. What matters is probable areas of supply and demand, that's it, that's all there is. It's a market, after all - people buying and selling stuff to each other. At some point, for some reason, that stuff will be too expensive and no one will want to buy it at those prices. At another point, it might look like a good bargain for some other reason, and people will buy. There's no mystery, it's just lots of banks doing their shopping. You could spend days figuring out the best car to buy, - best mileage, best handling, best bang for your buck. This is no different, so why do so many just shoot from the hip? We all know how to shop for a bargain.
"Risk comes from not knowing what you're doing." - Warren Buffett
  • #2,173
  • Jan 19, 2015 1:08pm Jan 19, 2015 1:08pm
Quoting Spili
Predetermined? No chance. You can even see this on the charts, every day when price totally ignores yet another S/R area. What matters is probable areas of supply and demand, that's it, that's all there is. It's a market, after all - people buying and selling stuff to each other. At some point, for some reason, that stuff will be too expensive and no one will want to buy it at those prices. At another point, it might look like a good bargain for some other reason, and people will buy. There's no mystery, it's just lots of banks doing their shopping....
Let's see...I see, that eur-usd will meet 1,1366 very soon, and then the retrace till 2372.
  • #2,174
  • Jan 19, 2015 1:24pm Jan 19, 2015 1:24pm
Quoting Magnat
{quote} Let's see...I see, that eur-usd will meet 1,1366 very soon, and then the retrace till 2372.
Before Thursday or after Thursday?
"Risk comes from not knowing what you're doing." - Warren Buffett
  • #2,175
  • Jan 19, 2015 1:39pm Jan 19, 2015 1:39pm
Quoting Spili
Predetermined? No chance. You can even see this on the charts, every day when price totally ignores yet another S/R area. What matters is probable areas of supply and demand, that's it, that's all there is. It's a market, after all - people buying and selling stuff to each other. At some point, for some reason, that stuff will be too expensive and no one will want to buy it at those prices. At another point, it might look like a good bargain for some other reason, and people will buy. There's no mystery, it's just lots of banks doing their shopping....
That's it - at last. After 109 pages and 15 months of searching, someone has read the title of the thread and given the truth - it's so simple. All those charts, trade calls and pips we earned are wrong - all that profit was for nothing. I'm now going to go back to losing money instead of making it.
  • #2,176
  • Jan 19, 2015 1:52pm Jan 19, 2015 1:52pm
Quoting hollowhead
{quote} That's it - at last. After 109 pages and 15 months of searching, someone has read the title of the thread and given the truth - it's so simple. All those charts, trade calls and pips we earned are wrong - all that profit was for nothing. I'm now going to go back to losing money instead of making it.
Hey, if it's working for you then awesome. But saturation levels and 64 templates? It's just S/R, why make it so hard? Maybe I'm just too lazy for 109 pages and 15 months of searching. Good luck though - and I mean that sincerely, I hope you do well from it and achieve all of your goals. There are many ways to skin this cat I guess...
"Risk comes from not knowing what you're doing." - Warren Buffett
  • #2,177
  • Jan 19, 2015 1:56pm Jan 19, 2015 1:56pm
Quoting Spili
{quote} Hey, if it's working for you then awesome. But saturation levels and 64 templates? It's just S/R, why make it so hard? Maybe I'm just too lazy for 109 pages and 15 months of searching. Good luck though - and I mean that sincerely, I hope you do well from it and achieve all of your goals. There are many ways to skin this cat I guess...
There are indeed. Best to you to.
  • #2,178
  • Jan 20, 2015 1:48am Jan 20, 2015 1:48am
Quoting Magnat
{quote} Let's see...I see, that eur-usd will meet 1,1366 very soon, and then the retrace till 2372.
1.1366 understood but
how do you come up with 2372? please, can you explain. Thank you.
  • #2,179
  • Jan 20, 2015 2:42am Jan 20, 2015 2:42am
Quoting danc
{quote} as a matter of interest.. i find 565 works quite well too..just my opnion of crs
so this is what i came up after building weekly phases into the abonacci phases
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  • #2,180
  • Jan 20, 2015 2:54am Jan 20, 2015 2:54am
Quoting trader2745
{quote} so this is what i came up after building weekly phases into the abonacci phases {image}
it is more clear on a line chart
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