Here as a chart to show how I could trade out of my EJ lock. This is my live chart which doesn't show the abonacci/fib lines image

Are support and resistance levels predetermined?

I do have drawdown while it is hedged. Example enter long at 1.6200, Set a pending short at 1.6000 (this acts as my SL). If my long reverses and triggers the short I have two positions that cancel each other out with a drawdown of 200 pips - this is ...

Are support and resistance levels predetermined?

Hi jmss - it's a hard one. When I asked bobi about SL he said he didn't use one and hedged a position the other way. I have done this, and am currently hedged on the EJ using the T4F (similar place to your chart). It broke up, reversed and crossed ...

Are support and resistance levels predetermined?

E-Money - one of the confusions about this method and the thread is the references to templates on another thread. I decided not to look into the other thread for to reasons. 1. I think Bobi implies the templates and strategies he shares here are a ...

Are support and resistance levels predetermined?

I have read the thread many times and I am sure Bobi hasn't giventhe baselines for or EURJPY T5_594 - it would be great if he could.

Are support and resistance levels predetermined?

image

Are support and resistance levels predetermined?

No problem - its hard working it all out when Bobi isn't around - hope he comes back soon...

Are support and resistance levels predetermined?

You are right, bobi doesn't specify it in the rules about that post - if you read on a few pages I ask him several times about where price should have come from on the T4F and his response is He is referencing the rule of 23.8/76.4 of the previous ...

Are support and resistance levels predetermined?

Hi jmss - I don't think it has to. My understanding of rules for T4F is that price needs to have come from 23.6% of the upper phase, crossed the 100% (which it didn't) and broken the 61.8% by 10 pips. Steve PS - Look at EJ - it has recently done ...

Are support and resistance levels predetermined?

Thanks E-Money, in short if you study the different templates for a pair you can get a sense of the flow and how they work together and within each other. The higher size templates tell you the long to mid trend and the lower ones give you ...

Are support and resistance levels predetermined?

Apologies - should not type when I first wake up - still half asleep and not reading properly.

Are support and resistance levels predetermined?

Agree - I will hold my GU shorts (but I think it may going higher first (1.633ish).

Are support and resistance levels predetermined?

No problem - I have been tending to roundup/down TPs, so numbers are not always exact - especially near a BRN. I've missed too many TPs by a small number of pips in the past, I am still a little paranoid about it getting into a region, and then ...

Are support and resistance levels predetermined?

I think that's pretty much how I see it. I took the trade on T4F - but got slipped 17 pips, and TP a little early. image I had spotted that it should reach 1.314 according to T5_1030, but I'm not sure if it will on this leg, or whether there will ...

Are support and resistance levels predetermined?

Agreed . There is more than enough here to be profitable. All I hope is that Bobi will provide baselines for next year - everything else needed I think is contained in the thread. To encourage those reading and wondering if this works I ...

Are support and resistance levels predetermined?

With all due respect, I am not sure how anyone will handle 64 patterns per instrument. bobi has kindly shared 5 templates (across 6 instruments), including the insight that you can multiply the size for each template by 10,100 or 1000 - by my ...

Are support and resistance levels predetermined?

Bobi/anyone else Was wondering what people's current thoughts on EURUSD are. T4Y_1130 - Has reached 50% break target T5_965 - Bullish T4Y_680 - Has reached 50% break target T5_594 (Reversal) - Has reached reversal area break target TF4 (220)- ...

Are support and resistance levels predetermined?

AUDUSD. Took trade on break on reversal area on T5_594, set target (120pips) by T4Y_680 50% break confluence. EDIT - Please ignore any buy/sell lines on the charts - they are from another system I am testing on demo - I am trading Abonacci live on a ...

Are support and resistance levels predetermined?

Just completed a 173 pip trade on oil using T5_103, with size set to 1030. Chart should explain the thinking... image Have a couple of others open for the past few days I'll update on later.

Are support and resistance levels predetermined?

UPDATE EJ. What do you know? It reached target yesterday. image image

Are support and resistance levels predetermined?