I'm targeting 1.6401 - it's a little above the actual template TP which is 1.6388, but I have an aversion to round numbers!!

Are support and resistance levels predetermined?

Triggered. Targeting 1.6401

Are support and resistance levels predetermined?

Possible GU T4F sell if it breaks the 0% by ten pips. image

Are support and resistance levels predetermined?

Hi armyda - I'm afraid it can retrace alot further than the 100% (but just below may be where you want to put your SL). See chart below, price had already broken this line on 13 Jan and retraced a long way before coming back for another go ...

Are support and resistance levels predetermined?

Had set my AU shorts to TP at .8702. Happy to wake up to see them completed. Now a good bounce up on AU would be perfect , but something tells me not yet...

Are support and resistance levels predetermined?

I am actually out of that trade - I hedged and managed to undo it on the way down. But bobi did say some of the targets of the larger templates are valid into the next year. I know he has given a prediction for EU this year, but unfortunately ...

Are support and resistance levels predetermined?

We know the reality in trading this method (as with all methods) is that price doesn't go in a straight line. Last year we saw several times signals trigger and then price move along way before hitting - I went in a AU long way back last year that ...

Are support and resistance levels predetermined?

Yes and is targetting the TPs for T5_2_2, and T4Y_680 (.8685). Then I'll be happy to see it go up -

Are support and resistance levels predetermined?

Fair enough. The Kijun has acted as dynamic support on the 4h since 16 Jan, so for me a break of that will signify a bigger push down. Price generally seeks equilllibrium at the Kijun so I'm not anticpating anything lower - if it does break the ...

Geppy's Geppy Thread (GBP/JPY)

. Looks like a 50% retrace to me (H4) - which is also a Kijun-sen (ichimoku) bounce - sorry no chart as away from my PC. EDIT: Also possibly turning 172.000 resistance to support.

Geppy's Geppy Thread (GBP/JPY)

Fantastic. I'm so pleased for you. Steve ps stay humble. The market can punish you hardest after a good run.

Are support and resistance levels predetermined?

- My broker's spread is about 1 pip for EU and GU.

Are support and resistance levels predetermined?

Got ya!!

Are support and resistance levels predetermined?

Short and sweet -

Are support and resistance levels predetermined?

T5_103 Long EU - TP 13628.3

Are support and resistance levels predetermined?

Good trade. Well done.

Are support and resistance levels predetermined?

Abonacci templates use any timeframes and none. Jmss59 posts charts that are on the 1h timeframe - I suspect simply because it is easier to see the levels for that template. If you want to be able to see 2 or 3 phases then you need to look at the 1 ...

Are support and resistance levels predetermined?

I'm in!! GU Long. TP 1.66123

Are support and resistance levels predetermined?

AU is messy at the moment and requires careful managing. As you know I hedge and in the middle of all these T5_103 trades and signals there are a few larger template signals (as you know I took the T4F long signal). The larger templates are bearish ...

Are support and resistance levels predetermined?

To take profit and then get a better price to go long again is about the only reason - I just don't see either a technical or fundie reason to be short.

Geppy's Geppy Thread (GBP/JPY)