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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

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Quoting SunTrader
Without explaining how these levels are determined, what value are they to newbies or anyone else?
these are levels , whcih may form support or resistance . Lets say we are in a down trend and in fact we are heading down into a 61.8 reatrcement of the weekly up move off .18xx

the support levels when broken will act as resistance. market basics. When a support level is broken , 90% of time on a 15 min price will come back and retest it on a low vol up bar for entry

for those trading a higher time you could place an order just under the resistance levels , with a stop 100 pip above it ( of course you there is a chance of getting a fake break down)


How r the level determined. .. this chart will show that.. pretty basic stuff and something that everyone should know... just though I would be good enough to post the chart to make it easy on those traders that might be new to the market and struggle with this.

the indie did miss one but is updated every 8 hours and as we move down would have printed the 2600 as a support.

If you like you can almost think of s.r as not lines but zones.. look at 2500 are , there is one daily line at 520 , one at 480 ... this is the zone to look for bounces or break of for lower then 2500 area.

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Blogging daily now at www.volume.zone
Quoting mfoste1
yea man ive bought a bunch of oct 10' 75 calls on vix, monday morning in gonna buy more Jan11 80s........i dont have enough capital atm to trade minis

another one im lookin at http://finance.yahoo.com/q/op?s=SH+Options
I bought dxd calls

and cat 72.5 puts already up nicely. ..

cat always gets hit bad when market tanks .... and is coming off a double top
Blogging daily now at www.volume.zone
here is the price after close, looks like bears didnt carry over, Im with this guy who said that stocks will rally nex week, $ needs a correction after this bounce...
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wave 5 retraced 100%, bounce up to first resistance and down down we go again...
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Quoting gatorinla
i have a reason for that rejection to 3333..9....
Have u also considered an accelerated decline?If the decline accelerates, its usually means a confirmed reversal developing, on the contrary of slower decline which usually means a positive retracement/reversal (bullish setup phase).
This decline is going very fast ATM.
We will have a bounce thats for sure... I have it on my charts ( possible bounce 2725 2695 2573 2451 )...I Would like to see where it will jump to and to draw a zigzag to confirm MM pattern sample
here is my md estimated price based on trades
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Quoting malcolmb14
these are levels , whcih may form support or resistance ..
1) I am not questioning the effectiveness of these levels.
2) I am well aware of how to determine my own S/R numbers - some of which might line up with yours.
3) My original question was not answered. How do newbies benefit if they just see lines plotted on a chart?
here is how the estimated EU price based on trades looks on daily... i hope we bounce of that trendline support next week...
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this is what happend around 2750 in July
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crude seems to sit pretty on its trend line after a hard selloff drained of its energy.
for bulls a nice place to buy and for bears a bounce to 77 is in order if they anticipate a break of trendline later.
murray maths seems to give nice support. i am ignorant on murray so unable to understand on 4/8 or its maths.
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Quoting manojsai
crude seems to sit pretty on its trend line after a hard selloff drained of its energy.
for bulls a nice place to buy and for bears a bounce to 77 is in order if they anticipate a break of trendline later.
murray maths seems to give nice support. i am ignorant on murray so unable to understand on 4/8 or its maths.
can u post this mm indi please?
Quoting manojsai
..i am ignorant on murray so unable to understand on 4/8 or its maths.
MM level 4/8 is considered a major pivotal or a reversal level. As the price usually ( 43-47% ) of the time usually fluctuates between 3/8 and 5/8, 4/8 level is considered an ideal position to open a trade..

2695 is 4/8 on daily and 0/8 on h4 and h1 charts. 0/8 is a strong support and hard to break, thus EU should jump off of 0/8 (2695). A good place to collect long pips (anti trend). MM octaves usually shift so an additional calculation is needed when s/r levels are breached ( usually +2 or -2 overshoot levels)
Quoting [email protected]
MM level 4/8 is considered a major pivotal or a reversal level. As the price usually ( 43-47% ) of the time usually fluctuates between 3/8 and 5/8, 4/8 level is considered an ideal position to open a trade..

2695 is 4/8 on daily and 0/8 on h4 and h1 charts. 0/8 is a strong support and hard to break, thus EU should jump off of 0/8 (2695). A good place to collect long pips (anti trend)
thanks for the explanation.
i have some mml files in my folder this 4/8 numbers etc caused my brain to revolt.seems i should apply my mind on its reading.
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dfptommy here is the indi and doc and pdf files in my computer on mml.
Attached File(s)
File Type: zip mml.zip   2.9 MB | 254 downloads
Quoting manojsai
thanks for the explanation.
i have some mml files in my folder this 4/8 numbers etc caused my brain to revolt.seems i should apply my mind on its reading.
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dfptommy here is the indi and doc and pdf files in my computer on mml.
thanks a lot...
Quoting manojsai
thanks for the explanation.
i have some mml files in my folder this 4/8 numbers etc caused my brain to revolt.seems i should apply my mind on its reading.
One more thing...above 5/8 the price is considered bullish, below 3/8 its bearish..

So if we consolidate around 4/8 for a while( yet needs to be seen) on a daily TF, I will make calculations again...It needs to test and breakout to 5/8 to be considered bullish (2939 atm ). Below 2625 is 2451 (3/8) and thats a bearish level
Quoting dfptommyj
thanks a lot...
manojsai, does it recalculate on the set pedriod, do u keep it default, or how does it work?
Quoting SunTrader
Not to mention a few ads.
Actually not even one ad. Those are free charts.
Quoting SunTrader
1) I am not questioning the effectiveness of these levels.
2) I am well aware of how to determine my own S/R numbers - some of which might line up with yours.
3) My original question was not answered. How do newbies benefit if they just see lines plotted on a chart?
i think he said they're fib "zones"...it would appear so too w/o even putting them on my own chart and just looking at that one. 38.2, 50 and 61.8 "zones"??
it seemed like it was an indi that he had that draws them up every major market open
Quoting JohnnyC0404
Actually not even one ad. Those are free charts.
Freestockcharts dot com (free really / they don't have ads?) and FXStreet dot com ?? So you get no click ad compensation for those?

Seems that is the only true reason to have a blog these days.
Quoting uraceulose
i think he said they're fib "zones"...
I know. He just didn't say that originally and for newbies not so obvious.
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