I'd never cheat a wolf. Whether I average down is a matter of perspective I suppose. I hedge, and I do take signals that will effectively add to a losing trade - I don't think of it as averaging down as each trade is taken within its own right and ...

Are support and resistance levels predetermined?

I think so too. It's one of those things that you initially think 'Don't be stupid, how can that work', but then I look at the charts I can't deny what price does around the levels highlighted through the templates - it's weird, but works. ...

Are support and resistance levels predetermined?

OK I see what your saying. I prefer to take it slow, plan my trades, and then trade my plan. Different strokes for different folks I guess!!

Are support and resistance levels predetermined?

I think I understand what you're driving at. The thing about abonacci is that Bobi never promoted a system or method of trading. All he ever did was set out that price moves from predetermined levels within certain pip ranges and phases. He kinda ...

Are support and resistance levels predetermined?

Sorry - I still don't understand what you mean in the context of this thread.

Are support and resistance levels predetermined?

Not sure what this means...

Are support and resistance levels predetermined?

Like Tom, I have traded Abonacci levels live from Oct. I only ever test live with real money - but I am past testing now and trading live with real money.

Are support and resistance levels predetermined?

Hi Evilmaster, In repsonse to your questions, here's my thoughts. 1. I tend to look at where price is in relation to the two trade signals and favour the nearest target. I have stopped thinking of them as 'conflicting', but rather target and ...

Are support and resistance levels predetermined?

You're right on the EU, I had mistyped with an '8' instead of '9'. Thanks for pointing it out mehmed92

Are support and resistance levels predetermined?

Oh yes. Put the AU 103 in the wrong field! Out at the moment. Will update later.

Are support and resistance levels predetermined?

My weekly analysis below - let me know if I missed anything. image image image

Are support and resistance levels predetermined?

Hi Magnat - I don't see 1.4526 - we already have a T4Y_1130 signal with TP 1.4036. I haven't done my weekly analysis yet but based on last weeks and what I remember of yesterdays action, this is how I see things We have a T4Y_1130 TP = 1.4036 There ...

Are support and resistance levels predetermined?

Found it

Are support and resistance levels predetermined?

Hang on - let me find it

Are support and resistance levels predetermined?

Indeed - hence my facetious questions and my earlier comments regarding the pointlessness of preempting news impact. I'm of the view that 'the market' 'subconsciously' knows where it wants to go and will get there regardless.

Geppy's Geppy Thread (GBP/JPY)

Can I ask a question? When several bits of news come out and they're conflicting. Am I to believe that the majority of moneymakers across the globe make a decision as to the meaning and impact of that combination of news and manage to place trades ...

Geppy's Geppy Thread (GBP/JPY)

Then I humbly suggest you could look at the past numbers and then look at the charts and see what happened.

Geppy's Geppy Thread (GBP/JPY)

Lol - I only watch the Cable thread - I don't post there as I don't fancy getting my head ripped off (seems to be a pattern). This thread seems to be in a good place with some genuine traders sharing opinion and methodology.

Geppy's Geppy Thread (GBP/JPY)

OK - but here's my Golden Rule (not that you want it) Do not ever trade another trader's opinion. Why? 1. You don't know who they are and whether their opinion is worth anything. 2. You don't know the context (plan) in which they trade. 3. You don't ...

Geppy's Geppy Thread (GBP/JPY)