Hi asgha We are totally dependent on gobi to give baselines - I'm afraid he hasn't given any for usd/cad. Steve

Are support and resistance levels predetermined?

Hi kamran - sorry missed your post. All baselines bobi has shared are here. Steve

Are support and resistance levels predetermined?

You may well be right - the only thing that makes me doubt is that in the chart example on post no. 207, bobi says 'Buy again at 50% break', that's what makes me think it could be a continuation...

Are support and resistance levels predetermined?

I was just checking the rules myself. I had interpreted that a break of the 50% was a continuation trade and should follow a previous valid signal trade from the 23.6/76.4. You could be right though and the break of 50% is valid in its own right. ...

Are support and resistance levels predetermined?

Hey jaylovin The rules for a short are that price should have traveled from 0% +59pips, which is 1.3879, but price has only come from 1.38318 on 25 Oct, so I don't think it's a valid 680 signal. If price pushes up to reach its T5_1030 TP of 1.39759 ...

Are support and resistance levels predetermined?

Hi Magnat, I only know about the templates in this thread. I agree the templates should work together in the same way that traditional trends on differing TFs work together (a downtrend on the 15m can be a pullback on an uptrend on the daily etc). ...

Are support and resistance levels predetermined?

10 pips

Are support and resistance levels predetermined?

Hi Taypot - I had looked at that previously and I think the answer is no. The rules for a short are that price should have travelled from 0% +59pips, which is 1.3879, but price has only come from 1.38318 on 25 Oct. If price pushes up to reach its ...

Are support and resistance levels predetermined?

Hey Magnat. If you do us a SL the obvious place to put it on the 103 template is either the 100% or the opposite trade entry point. To do that on 1030 (which use same same rules as T5_103) would mean a massive SL and require a huge account using ...

Are support and resistance levels predetermined?

Thanks Jaylovin The rules and baseline for 1030 are the same as T5_103. Change the size from 103, to 1030. Bobi says you can multiply the sizes by 10, 100 or 1000 and the principles still work. It seems on looking at the current pairs we have ...

Are support and resistance levels predetermined?

Here is my analysis for the week across GU, EU, EJ, AU and Oil (don't have enough Gold baselines to really develop a full picture). What are other people's thoughts? Have I missed anything? Have I got anything wrong? Is there another way to see it? ...

Are support and resistance levels predetermined?

Now for my GU trades - this has been quite confusing and frustrating. None of these were using a SL, but rather using opposing signals to hedge. Sorry there are no charts at the moment - I will post an analysis once it is all played out, but the ...

Are support and resistance levels predetermined?

And another on Oil image

Are support and resistance levels predetermined?

Here's two AU trades I took with another broker using MT4 to trade (I usually take trades on another platform) image

Are support and resistance levels predetermined?

Just an update on my EJ trade. I was locked in a hedge position. I had gone short on the T4F with no SL and it reversed, so I entered long when it broke 100% expecting it to go to the opposite target. It reversed again and was hanging in a locked ...

Are support and resistance levels predetermined?

Hi chrisngch - thanks - I appreciate you saying so. It was a slow start to the week, but things picked up yesterday and today. I will post how I traded this week (and updates on previous trades) and how I see things at the moment, but please ...

Are support and resistance levels predetermined?

Hi It's nothing complicated - here is a screen grab for GU. You can see that currently I am bullish targeting 1.64 with probable support at 1.585. It just helps me get an overall view, so I can develop a trade plan for the week. At the weekend I ...

Are support and resistance levels predetermined?

Hi plkdtm. I see the templates as similar to trends on differing TFs. Every indicator gives contrary signals depending which TF you are looking at. For example A short on the EU T5_103 may be a a pull back in the middle of a long signal on T4F. So I ...

Are support and resistance levels predetermined?

IMHO I don't think Bobi's intention is to give poeple a step by step trading method - he stated that he has given enough to show that people need to revaluate the direction they are going. In my experience the best threads are the ones I have had to ...

Are support and resistance levels predetermined?

What a mind-numbing end to the week!! No movement, no chance to unlock my hedges. Let's hope next week brings a little more action.

Are support and resistance levels predetermined?