My weekend analysis - as always let me know if you see things differently. image image image image

Are support and resistance levels predetermined?

Are you sorted now agssy007?

Are support and resistance levels predetermined?

I think you can get round it by operating two accounts and using them to hedge against each other. I'm pretty sure I've heard that's possible. Best of luck. Steve

Are support and resistance levels predetermined?

BTW - I took a similar trade - I entered on the T5_103 at 139.733 on 3 Dec, I spotted that as it was rising it would trigger a trade on the T4Y_680, so I kept it open and have moved TP to 141.420 - it's now about 50 pips off. I also have a short on ...

Are support and resistance levels predetermined?

Nice one biganc - I am pretty sure bobi will get us the baselines. He seems to provide the monthly ones for the other thread quite consistently, so I'm hopefully he will pop in here and set us up for a good years trading .

Are support and resistance levels predetermined?

Hi mima - I would ignore those numbers. There is another thread that Bobi started a few years ago - it was a precursor to this one. I have not looked at that thread but from what I understand it focuses on EU only, has a couple of templates (T3 and ...

Are support and resistance levels predetermined?

Nice one Tom . It trade the system on its own, but I can see the power in using it with other methods for confluence. As long as we're all making pips. Steve

Are support and resistance levels predetermined?

Hi fxiran - 'true' is an interesting word - I wouldn't be so bold to say any of them are 'true'. However, they are the parameters for my trading plan for the week. The latest one I posted (the first one) is my weekend analysis for what happened last ...

Are support and resistance levels predetermined?

Hey KISS For each template a break means price moving a certain number of pips beyond the fib (ie in the T5_103F it's 7 pips) - it doesn't need to close - just travel past. I posted a PDF of the template rules which includes the pip breaks for most ...

Are support and resistance levels predetermined?

Hi Peddy - Bobi is just not going to give the formula - he is clearly under an NDA. There is more than enough in this thread to make a lot of pips to the end of the year. Of course it would be good to have Bobi around to offer more insight and ...

Are support and resistance levels predetermined?

I thought the same thing about the EJ 594 baseline and asked gobi he said... The length for the templates are always the same, each template can be applied to any instrument. But only if you have the baseline for that template length for that pair. ...

Are support and resistance levels predetermined?

Hi jaylovin - yes I am referring to the previous break on 13 October that didn't reach its target.

Are support and resistance levels predetermined?

My weekend analysis - as always please let me know if I have missed anything or you see it differently. image image image image

Are support and resistance levels predetermined?

I have now re-entered GU on two separate trades First is on T4Y_680 with a bullish break of 23.6% by 14 pips targeting 1.6546 Second is longer term with a break at 1.63735 on T5_1030F targeting 16773 There is a reversal area on T5_594 between ...

Are support and resistance levels predetermined?

Finally flat on GU - entered on 22 October using a 50% break on the T5_965 which finally TP last night. You can see it went about 300 pips in drawdown - but managed to catch a few trades down and back up. image Total 589.2 pips on all GU trades in ...

Are support and resistance levels predetermined?

Hey Peddy - yes and no. The templates will work next year - but we will need new baselines for 2014 from Bobi. he won't be able to post them until 2 January - here's hoping he comes back to post them - if he doesn't then we will not be able to trade ...

Are support and resistance levels predetermined?

Can you give a little more detail? - Perhaps you could post a chart of what you are seeing?

Are support and resistance levels predetermined?

Sounds interesting - hope the testing proves successful. How long will you test for? A certain number of trades or a period of time?

Are support and resistance levels predetermined?

No problem - hope it helps

Are support and resistance levels predetermined?

Glad to see you hit TP

Are support and resistance levels predetermined?