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Just my opinion --- Bobi is actually doing us a favor by limiting us to just a few currency pairs. We can concentrate more on these 3 pairs and become very familiar with their movements which will help us in our entry and exit points. I know some ...

Are support and resistance levels predetermined?

JMSS - Thanks for the headsup. I had been busy doing other stuff and saw your input on G/U and A/U ---I entered long on both and got 52 pips on A/U and would have had 50 on G/U but did not enter a TP but I am up right now 20 pips. See how your input ...

Are support and resistance levels predetermined?

You actually hit my point beter than I did. Since i cannot hedge (trade short in the middle of a long) thne i was saying take the 40 pip long trades but leave them active, don't get out ---- untill the 680 or 1130 TP is hit. So all those 40 pip ...

Are support and resistance levels predetermined?

Yes i agree -- there would be significant DD ----- but knowing that and knowing it would eventually hit TP we could plan for it by lowering our risk per trade.

Are support and resistance levels predetermined?

Daily on 680 ---- H1 or H4 on 103 ------still trying to figure it out ----- all of us together will make it happen.

Are support and resistance levels predetermined?

JUST AN IDEA - HOPE IT WAS NOT MENTIONED BEFORE------ Pick one template lets say 680 ----- establish trend with it and it only---follow rules for it and place a trade accordingly--------THEN------ Drop down to the 103 template and trade only in the ...

Are support and resistance levels predetermined?

To: JMSS59, Eurozo, Hollowhead - Thank you all for your replies and comments - I now understand completely.

Are support and resistance levels predetermined?

What timeframe do you use with 103 template - i know Bobi indicated timeframe not the nimportant thing as all will work with all timeframes but i am curious which you use.

Are support and resistance levels predetermined?

Thanks Steve - Good input and valued much. Tom BTW I have always liked the Ichimoku but haven't looked at it much in the past 6 months - think I will look at it again in conjunction with Abonacci. Speaking of DD - Today has been a bad one but I am ...

Are support and resistance levels predetermined?

Thanks again Steve for your input - very helpful. I must admit that even though I have been very successful with the Abonacci templates it has not been without significant drawdown -- up to 250 pips. I actually re-enter each 100 pips of drawdown so ...

Are support and resistance levels predetermined?

I cancelled all my news subscriptions shortly after joining this thread. Thanks Bobi for the thread

Are support and resistance levels predetermined?

If people reading this thread will actually TAKE THE TIME TO READ the posts from BOBI, JMSS59 AND HOLLOWHEAD and, STUDY----then maybe just maybe they will contribute instead of dissing stuff they have no idea about. This strategy or system really ...

Are support and resistance levels predetermined?

Do you actually consider this as a positive contribution to the thread? If you are so paranoid please go elsewhere and spread your special brand of cheer.

Are support and resistance levels predetermined?

This brings up a really good point because Bobi has previously indicated we can tell where price will go as soon as we get the new year template . A little more explanation would be helpful. Really good question and points.

Are support and resistance levels predetermined?

Thanks Bobi - Happy New Year to you - GOD bless us all. Amen.

Are support and resistance levels predetermined?

Thanks Steve, it will be very useful. Happy New Year. Tom

Are support and resistance levels predetermined?

I just turned on computer - my last trade that was down a little over 100 pips has closed out at profit at 1.37801. Amazing system 21 straight profitable trades - some draw down because i did not utilize the 594 template. Wish i knew how to post ...

Are support and resistance levels predetermined?

Merry Christmas and Happy Holidays to everyone -- Now I will use this downtime to study some more on the Abonacci system and wait for the New Year and the NEW BASELINES FROM BOBI.; YEA YEA YEA Really looking forward to next year and live trades. My ...

Are support and resistance levels predetermined?

It is just amazing how some things just jump out at you and you are able to trade them really well. I have taken 12 trades so far since joining this thread and every one has been 50+ pips to the good - no loses so far. The interesting thing is how ...

Are support and resistance levels predetermined?