Thanks for the suggestion. This is a work in progress

Are support and resistance levels predetermined?

I still haven't figured that out. I tend to use an emergency catastrophic stop loss. That is the part that I am just not really comfortable with. I guess we could have this discussion several months from now and I will say that I have lost 86%.

Are support and resistance levels predetermined?

I always watch the lower timeframes for the 103 entry (15,5 and even 1). Good pin bars can be very convincing that it's time to head back in the 103 direction. Also, a good set of railroad tracks on the 1m or 5m can be a very good pinbar on the 15m.

Are support and resistance levels predetermined?

Both. I am no expert at this. Sometimes I will use price action, sometimes I will enter when it moves back to a previous support level and then becomes resistance. Since I know the reliability of the 103 template, If I enter too soon on the pullback ...

Are support and resistance levels predetermined?

Thanks to the Abonacci system, I have grown my account 86% so far this year. I have settled on trading the 103 template. Most of the time I wait for the 103 trigger and then let price reverse before I enter the trade. My take profit is usually ...

Are support and resistance levels predetermined?

I entered audusd based on the 103 short after the retrace at .8991

Are support and resistance levels predetermined?

Getting close to time to enter. Retrace is in progress for the 103 audusd

Are support and resistance levels predetermined?

I'm usually glad when I find out late. It gives me the chance to get in on the retrace before it reached the profit target, have less drawdown and more pips.

Are support and resistance levels predetermined?

Thanks for the heads up and putting the GU in perspective

Are support and resistance levels predetermined?

Not in the US. It is against the law

Are support and resistance levels predetermined?

For the gu 103 short, I waited for the retrace before I got in so hopefully there will not be much drawdown.

Are support and resistance levels predetermined?

I am in the gu 103 short. I am comfortable with the trade since it is in agreement with the 680 short.

Are support and resistance levels predetermined?

I did the same thing only got out a little earlier than you.

Are support and resistance levels predetermined?

I appreciate your weekly analysis as always.

Are support and resistance levels predetermined?

I just don't see anywhere in this thread where you deserved that.

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I do get a little nervous when I take a 103 trade and it is against the 680. I'm a lot more comfortable when the 103 is going in the direction of the 680.

Are support and resistance levels predetermined?

Hollow, Doesn't the Eu have to go to 1.33980 to reach the 50% level for the 680 to complete?

Are support and resistance levels predetermined?

Sorry Hollowhead. I somehow missed your post. Didn't mean to be redundant.

Are support and resistance levels predetermined?

T5_103 EurUsd is now long.

Are support and resistance levels predetermined?

Looks like I came late to the thread and missed the opportunity to be mentored. If the opportunity still exists, I would like to be considered, if not, I understand.

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