Oh ok - question is now, do I keep it simple with the ones in here, or venture out there!!!

Are support and resistance levels predetermined?

Is it me, or is another thread becoming merged with this one? I don't know of anything else Bobi has done outside of this thread, so talk of T3 and T4Y are confusing me. Bobi, have the templates in this thread superseded templates in other threads? ...

Are support and resistance levels predetermined?

Hi - my mistake its the T4F template (post 54) (which uses 220 size, 22000 for gold) - for some reason I called it that, probably because I don't know what T4F stands for!! Have changed the post to be accurate.

Are support and resistance levels predetermined?

Just in case anyone is interested - I took the AU long last night (BST) on the T5_103F from 38.2% to 76.4% - happened all while I was asleep which was very nice. Have now entered short on gold. One the TF4, the rise in August didn't reach the 76.4% ...

Are support and resistance levels predetermined?

I took the GU long trade from 38.2%on the T5_103F - and it reached TP at 76.4% and is now pulling back - uncanny. Thanks Bobi.

Are support and resistance levels predetermined?

Actually I think I have worked it out. Current example would be. GBP USD - Template 103 Price has come from 76.4% and broken 38.2% by 7 pips, therefore you would be long with a TP 47 pips away. Hedge order would be at the 61.8% (lower phase) which ...

Are support and resistance levels predetermined?

It would be really helpful to know where you place the hedge order for each template - knowing where the fail point is is critically important to be able to test/trade the principles.

Are support and resistance levels predetermined?

Hi Aebab - on Template 220, where should price have come from before breaking 61.8% and 38.2%? Thanks

Are support and resistance levels predetermined?

Please could you explain this a little further ie what is the 'opposite breakout level'. Again trying to calculate where to put SL. Thanks

Are support and resistance levels predetermined?

I think the error is in the labelling where Aebab states 'In the picture , areas, labeled 1 , can be called break of 38.2% level and completed their journey. Area , labeled 2 can not be said to be a breakout has occurred as price has not traveled ...

Are support and resistance levels predetermined?

Hi - thanks for the response. The answer to my question may have been in the rules for T5_105. Where you state that for a break to be valid price needs to have come from from 23.6 of upper phase and falls 7pips below 61.8%. This is really clear for ...

Are support and resistance levels predetermined?

Template 103? There's another one - yay!! I think there are some rules like the -10 rule that are not explained in this thread. You've explained the principles brilliantly, if there are entry rules, exit, reverse rules you use I would really like to ...

Are support and resistance levels predetermined?

Can I ask about the T4F on Gold to get this clear in my head? As you can see price rose above above 38.2 (1383.4), didn't reach 76.4 (1467.08) and broke the 100 (1299). According to the rules Gold is now going to go down to 76.4 (1247.06)? image

Are support and resistance levels predetermined?

Aebab - I see you have written in the post Gold size is 2200, but on the image attached you have used 22000. I'm guessing the image is correct (22000).

Are support and resistance levels predetermined?

I really appreciate you're willingness to share this - it looks really powerful. I have a couple of questions if I may. 1. Are there any entry/SL rules you use. I see the principle - trade the break of 61.8/38.2 and reverse if falls/rises beyond the ...

Are support and resistance levels predetermined?

I feel like I am missing something here - well, clearly loads - if there another thread I should have read before this one?

Are support and resistance levels predetermined?

Ah, so, the 965 template shows the mid/long term direction, and you can use other templates to trade the retracements/reversals?

Are support and resistance levels predetermined?

Can't post pictures at the moment - but looking at AU - are you going/already long given price has come from the 23.6, broken the 50 and is currently retesting it? Thanks.

Are support and resistance levels predetermined?

Hey Aebab Very interesting - just two questions. What constitutes a break? A daily close above/below or a pierce etc? What about SL? Do you use one? If so where do you place it. Thanks

Are support and resistance levels predetermined?

I would rather call it an AV (Audio Visual). It is a audio commentary that is accompanied by slides (which are visual).

Mastering the Art of Trading