Hi Tom I agree. There are many trading the gap, so the odds of the 103 long to the gap completing are good. Please don't feel you have to keep quiet if something is directed at me, your input and analysis is valued.

Are support and resistance levels predetermined?

Hi iDoubleStoch I can't deny I'm intigued by your charts. I guess the obvious question is, how do you choose where to start drawing the rectangles? Can you use it to anticipate where the line will be, or is it only retrospective? Steve

Are support and resistance levels predetermined?

I can't help feeling this is part of the position trader's plan. If you have an account big enough, and you know price will come back eventually, and you have the patience and don't need the cash, then just sitting on the trade and collecting the ...

Cable Update (GBPUSD)

Hi workingforex The selloff to me is a mixture of technical correction propelled by the Scottish Independence Referendum. Like you, I am anticiplating a no vote. The latest poll swing doesn't factor in 'don't knows', and I think they will lean ...

Are support and resistance levels predetermined?

I think it's a very good target - its also around the 50% fib of the weekly bull run. It's a very natural target.

Are support and resistance levels predetermined?

Hi - yep that's a definite signal. I expect there are big buyers around this area so trade with care. Steve

Are support and resistance levels predetermined?

Hi Tom - I can't see charts or my rules list, but that sounds about right. Don't forget there is a 1130 target of .2906 (from memory) as well. FYI I have closed my EU trades at the moment. And will start building the longs when I see signs. Trade ...

Are support and resistance levels predetermined?

Hi Magnat - I make T4Y_1130 TP = 1.2906 - and T5_965 23% level is .24447 Thanks Steve

Are support and resistance levels predetermined?

Hiya I try and look for confluence in the templates. So, I see where price is, and what its been doing across all the templates. Which have signals live etc and then trade within the direction. Some people take the signals and trades, others use ...

Are support and resistance levels predetermined?

Hi roughtrader. You're right in that it's not a 'real fib', but a lot of packages use it. I think it works here bacause the system utlilises the symmetry. It seems to work, so...

Are support and resistance levels predetermined?

Hi - I'm suspicious, Look left to 24 March and the exact same signal was given. I took that, and ended up hedging it all the way to the top and only finally unlocking the hedge down in the last month or so. Trade well Steve

Are support and resistance levels predetermined?

Hi - thanks for your post. You will only see one MM indi - the two versions are the same indi (one is an editable version). Make sure you put the template file in the template folder, not the imdi folder. Cheers Steve

Pure & simple Abonacci system

Hi na_r2000, yep it's a valid signal and TP, but there is also a T4Y_1130 long that didn't quite complete - so it's challenging. I am not sure which way it will go. I am currently loading longs to about 1.308. If it goes past there, then I will pull ...

Are support and resistance levels predetermined?

Not bad for a kid on demo

Cable Update (GBPUSD)

Came in expecting to see HDA bashing - and I wasn't disappointed. I really don't get it. If he's a kid on demo, then jeez he's good and I'm impressed. Especially with his knowledge of specific options barriers; and wow, a kid who really understands ...

Cable Update (GBPUSD)

Hi Forexday - welcome to Abonacci trading. Go for it with the demo, but be aware - the first two pages give you virtually nothing of how Abonacci works. In fact, the thread only contains a fraction of the whole system (which we don't have btw). ...

Are support and resistance levels predetermined?

EU is at a very interesting place. It has currently stopped at 1.31637 (according to my broker). The next big short signal (as far as I can see) is a T4Y_1130 is at 1.31623 - 1.4 pips lower. If it goes those few pips lower then we're heading for ...

Are support and resistance levels predetermined?

256 is how far back the MM math calculation shosuld be based from (ie a year's trading days) 1440 - dictates the length - 1440 min (the daily timeframe)

Pure & simple Abonacci system

Hi Hasib - Tom is correct, if you are following the trend (which is bullish), and price has come from the 76.4% level in the phase below, then the valid trade would be long.

Pure & simple Abonacci system

Well done na_r2000. Really pleased for you.

Are support and resistance levels predetermined?