I was in the same trade - managed to TP at the 76.4%, but look at it fly now. FWIW I'm also long on the GU, which is at an interesting place. I took a long 680 trade, but it was into the 594 reversal area. If it reaches the 680 target it will have ...

Are support and resistance levels predetermined?

Great. You might want to wait until bobi provides the baselines for the 2014 before jumping into any trades on Abonacci. Best to you Steve

Are support and resistance levels predetermined?

Hi hukam - with all due repect I think you need to read the thread and/or the PDF some more. It is clear that the timeframe makes no difference - it is the length of the template that changes the rules - I think you are describing the rules for the ...

Are support and resistance levels predetermined?

Hi hukam, I'm not really sure how to answer because the rules are different for each template. You are showing a T5_103F template with a length of 1030, which is fine (you are basically turning a short term template into a long term trade template). ...

Are support and resistance levels predetermined?

Hi jaylovin, is that referring to a template on the other thread or have I missed something here? Pips to you Steve

Are support and resistance levels predetermined?

Good shout on the 1.3522 Magnat. I know Bobi keeps the trades T5_103 F open, but he has also said the F means it can fail - I wonder when we can conclude that it has failed???? I can't see the T4 trade you're referring to - is that the T4Y template ...

Are support and resistance levels predetermined?

My weekend analysis - let me know if you see it differently. I'd love to know what Bobi and others think about the GU and AU T4F trades. The reversal triggered, but then price returned to complete its original target - does this invalidate the ...

Are support and resistance levels predetermined?

Hi Charvo - template on this thread doesn't mean an mt4 template - it is a way to describe the various ways the abonacci indicator can be setup for an instrument. Only Bobi can give the baselines, he has not and will explain how he calculates them. ...

Are support and resistance levels predetermined?

I think that's probably the right thing to do. BTW Alan, not wanting to speak for Tom, but I think several people favour the 680 and 1130, because Bobi describes them as the most accurate templates he had created, and looking back they certainly ...

Are support and resistance levels predetermined?

So I'm now starting to think about the end of the year and the start of a new one. I wonder what happens with existing trades if/when we get new baselines. As I see it, we could be in a trade, then change the baselines for the coming year and price ...

Are support and resistance levels predetermined?

Hi Mclaren Baselines are set on the 2 Jan each year - bobi may post them in Jan - the only baselines available in this thread are 2013 EU, GU, AU, EJ and some oil and gold. Steve

Are support and resistance levels predetermined?

Well traded Tom!! It's great to see your having success with Abonacci. I assume you're talking about GU and the reversal area. I am in the same 680 trade, I also have a longer one on that pair with the 1030 (103 x10). I do try and look across all ...

Are support and resistance levels predetermined?

Hey prraj - welcome to the thread.

Are support and resistance levels predetermined?

NetEffect - what you say is true, but this system doesn't use fibs in the typical way. They are not drawn according to a past price action move for retracement or extension, which is very subjective. Abonacci draws fibs to break up phases or rooms ...

Are support and resistance levels predetermined?

Hi agssy007 - it looks like you haven't entered a template length into the indicator - it says 0 at the moment. You need to put the length adn the baseline in. Steve

Are support and resistance levels predetermined?

Hi krishelis - I'm wondering if T4Y is a trend reversal signal, and it doesn't complete its target, does it remain valid or has the trend changed back. Would it be the equivelent of a bear trap or fakey of some kind? Would value your opinion.

Are support and resistance levels predetermined?

Hi Krishells. Good spot, I'll factor those in. Steve

Are support and resistance levels predetermined?

Hi Alan, Yours is right - I had the 1103 as the length on mine, not 1130. I had a computer crash and had to redo the templates and typed it in wrong on all 4 pairs. That could have been bad!! Regarding the trade setup, change to a daily chart and ...

Are support and resistance levels predetermined?

Hey Alan, you need to change the baseline to 1.0176.

Are support and resistance levels predetermined?

No problem. Bobi hasn't given baselines for GJ. Hopefully he will spend a bit of time here in the new year and set us up with some baselines for the year. I'd really like to know the T5_594 for EJ to complete that set. Also the 680 and 1130 for gold ...

Are support and resistance levels predetermined?