Hi Paul - I pretty much use the the opposing levels to activate the hedge - on T5_103 this gives a hedge gap of about 85 pips I think. If you view the levels as support and resistance, as opposed to just entry levels, then it makes sense to me to ...

Are support and resistance levels predetermined?

Armyda the T5_1030 template is T5_103 x10 - this makes the phase 1030 pips long. This means a trade length is 400pips. Depending on your definition of 'medium term 'IMHO if you want a medium term trade the T4F and T4Y_680 may be better templates to ...

Are support and resistance levels predetermined?

Yep - and according to the T4Y_680 template should go another 50 pips to 1.3398 (1.400 BRN).

Are support and resistance levels predetermined?

So I'm now in long AU on a T4F trade - TP 0.8949.

Are support and resistance levels predetermined?

TP hit.

Are support and resistance levels predetermined?

GU T4Y_680 short triggered again - TP 1.6188

Are support and resistance levels predetermined?

GU T5_103 short signal TP 1.6336.7.

Are support and resistance levels predetermined?

Kind of you to say so Ximba - but I'm sure everyone here would agree that it's bobi who deserves all the credit. I'm just grateful to have stumbled on his system and way of seeing the market, that gives me a method of trading that fits my ...

Are support and resistance levels predetermined?

Thanks Davit. That's what I love about trading - you can be right and make money, but you can also be right and lose money; you can be wrong and lose money, but you can can also be wrong and make money. Bulls and bears feeding each other - ...

Cable Update (GBPUSD)

The rest of the year is a long time, lots can happen!! FWIW, according to Abonnaci templates I don't think it will go much lower than 1.6188, for me that is the break point, if it goes lower then we're looking at a bear trend. Until then I am still ...

Cable Update (GBPUSD)

Closed GU T4F short at 1.6391. Now, I would be very happy if you just keep going down to 1.6188 to complete my T4Y_680...please .

Are support and resistance levels predetermined?

Have been looking back at my AU trades and it seems pretty clear you were right on this one. There is a T4F long on AU at 0.8781 on the phase under that that has kept trying to break, so I am going to look to take that and position my lot size to ...

Are support and resistance levels predetermined?

Really? Ok - try clicking this link Abonacci Rules.pdf Steve

Are support and resistance levels predetermined?

No problem. It's attached in this post. Just shout if you have any questions (or more importantly insight!). I read about your month. 20% shorting in an up trend is exceptional. Congrats. Steve

Are support and resistance levels predetermined?

It depends on the strategy. One stragey I use gives me hard targets and when I am 100% convinced about the inevitability of a target I will use an opposite pending to hedge - this is simply to avoid heavy DD - this has worked well for me. But for ...

Professional Trading Strategy - student selection

My weekend analysis as follows - as always tell me if you see it different. I have included bearish chain reactions. These are where I see a trade being triggered on another template as a current trade completes. This would appear to cause a 'chain ...

Are support and resistance levels predetermined?

Hi Davit - welcome sir - honoured to see you here Page 1 will give you the principles behind the system (sure you read it already) If you download the PDF in the attachments section you'll see an outline for the trade signals for each template. ...

Are support and resistance levels predetermined?

Alan, I got a reply from you but it was empty... not sure what happened, all I can see is the quote of my original message to you. Steve

Are support and resistance levels predetermined?

I assume you are referring to coping with drawdown and where to SL?!

Are support and resistance levels predetermined?