Glad you see it - as I said before Bobi didn't specify where price must have come from for the 'setup break' to validate the fail signal on this template. Interesting to me the TP for this trade is a retest of 0.9166, which was resistance in late ...

Are support and resistance levels predetermined?

Ah I see what you mean. In the original rules bobi doesn't state where price needs to have come from. Although I do question him about this template and where price needs to have come from his answer was '90% of templates the rule is the same'. ...

Are support and resistance levels predetermined?

No problem - I think the TF4 template can be a little confusing as it is based on a fail (I think you have understood it correctly btw). I sometimes trade it both ways. ie If bobi states that a cross of the '23.6 it should reach 76.4, if it cross ...

Are support and resistance levels predetermined?

Sorry not too sure what you mean. As far as I can see it's a valid entry (I'm in the same trade). The trade could have been entered a little earlier (10pips past the 100% line). But like eurozo, I entered later as I set the trade when spread was ...

Are support and resistance levels predetermined?

Out of interest where do you see them not being followed jmss59?

Are support and resistance levels predetermined?

Mima, with all due respect bobi has clearly said he will not divulge the formula for the baseline calculation to anyone on FF - as far as I know there are no 'privileged' on FF. He has stated that he will try to produce a calculator for SL ...

Are support and resistance levels predetermined?

Go into your profile. Click on 'Settings' (it's in the right top corner of the profile box) Enter what you want in 'Text Signature'

Are support and resistance levels predetermined?

You guessed right. I am leaning towards the uptrend staying with a decent pullback (which I think it is due), but as I was already long the GU from last year I extended the TP to match this year's T4Y_1130 baseline target, so the hedge isn't that ...

Are support and resistance levels predetermined?

Hi jmss59 - thanks for that - you're are right. I had an extra 1 in my baseline on the indicator!! The 103 had completed and I forgot to take it off my spreadsheet - I've amended the post.

Are support and resistance levels predetermined?

My analysis for the past week with signals triggered and expected targets. As always chip in if I've missed anything or got anything wrong. NB - I am working on the basis that PA before the new year can be used to validate signals. image image ...

Are support and resistance levels predetermined?

Ah I see what you mean. Someone mentioning 'T4Y' and 'T3' is referring to a template used in another thread bobi started. If it doesn't have a number after it, then it's not part of the system in this thread. In this thread we discuss the templates ...

Are support and resistance levels predetermined?

? Hi peddy T3 is a template on another thread bobi started some time ago - ignore it if you are not following that thread. I don't understand what you mean about the 2 T4Y_680 baselines - can you point to where in the thread they mentioned? Thanks ...

Are support and resistance levels predetermined?

jaylovin - I've been thinking about the issue of price direction before the new year to validate signals. If you look at the chart in bobi's post regarding the 'Magic of Abonacci Templates' (below), the example he uses is of a break in the first ...

Are support and resistance levels predetermined?

Sorry, don't get me wrong - I wasn't implying you were greedy - I just know if I had 9 pairs I would end up overtrading and do something silly.

Are support and resistance levels predetermined?

I agree it would be good to have more - but I'm not sure I need it (don't want to be greedy) - there will be more than enough opportunities in the templates for the 3 pairs we have baselines for to make a lot of pips this year.

Are support and resistance levels predetermined?

I see the demand/supply areas - I took a low risk long as it looks like it will bounce off a pretty clear TL. But, I don't think I would look at abonacci levels in isolation and presume they are confirming something. Bobi said he has 64 templates. ...

Are support and resistance levels predetermined?

Hi row From what I can see it's a valid signal. Steve

Are support and resistance levels predetermined?

I am not sure about the logic of templates being void at the beginning of the year. If the baselines are set by the activity of the previous year, then it seems logicial to me the that the PA in that year is relevant to the levels it sets for the ...

Are support and resistance levels predetermined?

Jaylovin - bobi mentioned 4450 in a post ages ago, but he was referring to a level in a template we don't have - see below

Are support and resistance levels predetermined?