No problem. What you see is not a valid trade I'm afraid. Price needs to have come from at least the 38.2% area in the upper phase (that's about 1.6666). Price should travel down, cross the 100% (1.6629) and then go 7 pips below the 61.8%. If you ...

Are support and resistance levels predetermined?

Hi If you look at the first chart in jmss59's post (below), you will see the GU T5_103 chart. There are no baselines for T5_594 so no-one can post a chart.

Are support and resistance levels predetermined?

I agree 100%

Are support and resistance levels predetermined?

I'm afraid Bobi can leave us any way he wants . I think we could all say which baselines we would like, but it is unreasonable to expect him to calculate baselines for whatever we ask (and no-one should expect access to his company's proprietry ...

Are support and resistance levels predetermined?

Armyda Bobi hasn't given any T5_594 baselines for 2014. I would not use last years. Steve

Are support and resistance levels predetermined?

Hi Currency As far as I know, no-one has actually said where they put the SL and bobi hasn't made any recommendations. But he are some options. 1. 20 pips - that gives you a 1:2 RR, but you will have a number of loses. 2. 40 pips - 1:1 - less ...

Are support and resistance levels predetermined?

Fact still remains the same. You did not ask which timeframe he is using to view the template (as he was referring to several templates). You simply posted 'Time frame?', so there was no context or further descriptionto your 'question'. I was simply ...

Are support and resistance levels predetermined?

Put a template on a chart, turn the candles off so you can't see them and look at the levels. Then change the TF. Have the levels changed (the actual numbers). No. A level is a level. So, lets say if on the T5_103 a break of 38% by 7 pips is 1.3500, ...

Are support and resistance levels predetermined?

What I am trying to explain is that it makes no difference - we trade levels, not timeframes - it does not matter what timeframe you are looking at - it's personal preference. It really only depends on the size of your monitor and how good you ...

Are support and resistance levels predetermined?

Ah, I see - I hadn't got that you were suggesting not closing the 103 trades - I like that idea a lot. Its the same as finding places to scale into a swing position - great thinking and definately worth some backtesting. I don't normally like ...

Are support and resistance levels predetermined?

It would be great to get an insight into what else bobi 'sees'. But, we can only work with what we have... Pips to all Steve

Are support and resistance levels predetermined?

As has been said here often. Timeframe means nothing within this system. It is all about price levels - makes no difference if you are looking at a 1m or monthly chart. A price level is a price level.

Are support and resistance levels predetermined?

That's true, but zooming out, you could see that the 680 is still in the realms of a just being the target for a pullback before the higher target gets hit. I tend to more weight on the 680 and 1130 targets (as opposed to the 965) as gobi says they ...

Are support and resistance levels predetermined?

Hey Tom, it is certainly one way to trade this, and something jmss59 and I have advocated. However, when I look at a phase of 103 pips, in the context of the phase of 1130 pips, then a 'counter' template trade on the 103 amounts to nothing more than ...

Are support and resistance levels predetermined?

It's been a busy end to the week. Here's my weekend analysis - I think I have got most of them, but please let me know if I've missed anything. image image image

Are support and resistance levels predetermined?

Useful to know - I'm going to analyse where I think the range could go in a chain reaction up and down for all pairs - it will be interesting to see what the range might be. Really would like the 594 reversal areas like last year.

Are support and resistance levels predetermined?

I've just done a little chain reaction research on AU. If you look at the current bear trades and then follow the trades it triggers, and then follow that and keep going across all the templates, then we have a bearish 'chain reaction' all the way ...

Are support and resistance levels predetermined?

- Nice job. I missed that one.

Are support and resistance levels predetermined?

You can find all the rules for the different templates here T4F is based on the failure of a signal - it is a trend reversal signal. For long if price comes from a lower phase crosses the 38.2% line it should reach 76.4%, BUT, if it fails to reach ...

Are support and resistance levels predetermined?

You taking the next one?

Are support and resistance levels predetermined?