Attachments: FOREX Market Reversal Levels

FOREX Market Reversal Levels

#61
Dec 30, 2010 3:07pm Dec 30, 2010 3:07pm

Andrewkin
| Membership Revoked | Joined Nov 2010 | 646 Posts

We can calculate FMRL numbers for any pair.

Are there any other pairs you want us to include FREE during January 2011?

Andrew

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#62
Dec 30, 2010 4:16pm Dec 30, 2010 4:16pm

hquevedoamar
| Joined May 2009 | Status: Trader | 49 Posts

Hi Andrewkin

Thanks and very welcome your desires.
Very prosperous and happy new year to you also.

best

Hernando

Quoting Andrewkin

Disliked

[b]Hi Hernando,...

Ignored

#63
Dec 30, 2010 4:23pm Dec 30, 2010 4:23pm

hquevedoamar
| Joined May 2009 | Status: Trader | 49 Posts

Hi,

Please, what is the difference between lines with dottes and solid lines?

best

Hernando

#64
Dec 30, 2010 5:54pm Dec 30, 2010 5:54pm

Andrewkin
| Membership Revoked | Joined Nov 2010 | 646 Posts

Quoting hquevedoamar

Disliked

Hi,

Please, what is the difference between lines with dottes and solid lines?

best

Hernando

Ignored

Hi Hernando,

Good question.

The dotted lines are the central positions we call zero.

There are four lines above and four below zero.

Blue dotted is zero set at market open for the new month.

Green dotted is zero set at market open for the new week.

For trading they should be treated the same as solid lines.

They don't really need to be dotted, but we find it useful.

Best wishes,

Andrew

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#65
Dec 31, 2010 12:42am Dec 31, 2010 12:42am

billflet
Joined Mar 2007 | Status: It's all just noise. | 1,681 Posts

Don't take these comments as disparaging--it's not my intent.

The subscription price is steep for a large slice of this particular crowd because:

There are a lot of new traders here who are trading demo or tiny accounts. They will be reluctant to shell out anything more than loose change for levels that they may or may not be able to successfully use. Most people, I think, would need to know a little more about how to apply them. To be fair, you did mention that the numbers would benefit experienced traders. As Dreamliner pointed out, your numbers would be more convincing if your charts showed suggested entries and exits. Maybe doing so would reveal too much of your own proprietary method. If that's so, you should state it more thoroughly and put that question to rest.

If you can't reveal any more about how YOU use the numbers, then maybe a little more about your motivation for presenting them would help people warm up to what you are doing. I think a lot of folks are wondering why you're selling what appears to be "part" of something. Asking for advice on marketing and pricing hints at money not being your primary motivation. The way it is, you have a product that a lot of readers consider incomplete. I'm sure you've thought hard about how much you can reveal without giving away your own method, but that's what seems to be the rub here.

A little less anonymity would help. So many people have been burnt by scammers and well meaning amateurs that commercial products of any type are hardly given a second glance. I did a little digging and was pleasantly surprised by your background. But maintaining anonymity and gaining confidence here will be a mean horse to ride.

All the best
Bill

#66
Dec 31, 2010 2:15am Dec 31, 2010 2:15am

Koh Samet
| Joined Jul 2006 | Status: The beach life | 148 Posts

Hi

Can you also provide the numbers for USD/CAD and USD/CHF. Also I think $20 is reasonable for the numbers only. I would pay more if you provided training on how to trade the numbers in a live trading room.

Happy New Year
Koh....

Quoting Andrewkin

Disliked

We can calculate FMRL numbers for any pair.

Are there any other pairs you want us to include FREE during January 2011?

Andrew
Attachment

Ignored

#67
Edited 5:47am Dec 31, 2010 4:34am | Edited 5:47am

Andrewkin
| Membership Revoked | Joined Nov 2010 | 646 Posts

Quoting billflet

Disliked

Don't take these comments as disparaging--it's not my intent.

The subscription price is steep for a large slice of this particular crowd because:

There are a lot of new traders here who are trading demo or tiny accounts....

Ignored

Hi Bill,

Many thanks for your constructive comments.

We've taken the point about the subscription rate.

From February 2011 it will be GBP20 a month.

We are not sure that our numbers will help novices.

The LINES are our suggested entries and exits for SAFE trading.

We use the same numbers we publish here in our own trading system.

We decided to make them available on FF as they work stand-alone.

Our motives are not entirely altruistic as we hope to learn from you.

Sorry about the anonymity. Can't be helped. Please respect it.

We recognise the truth of what you say.

We are not offering a system and not making it totally easy to buy.

Hopefully the FMRL numbers will speak for themselves next month.

Hope you and our other readers make lots of money from our work.

Wishing you a very HAPPY, HEALTHY AND PROSPEROUS NEW YEAR

Andrew

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#68
Dec 31, 2010 4:45am Dec 31, 2010 4:45am

Andrewkin
| Membership Revoked | Joined Nov 2010 | 646 Posts

Quoting Koh Samet

Disliked

Hi

Can you also provide the numbers for USD/CAD and USD/CHF. Also I think $20 is reasonable for the numbers only. I would pay more if you provided training on how to trade the numbers in a live trading room.

Happy New Year
Koh....

Ignored

Hi Koh,

Thanks for your post.

We will include USDCAD and USDCHF next month FREE.

Sorry we can't offer trading advice. But you don't need us.

There is a mountain of excellent trading advice on FF.

And there are many experienced traders willing to provide advice.

VERY HAPPY, HEALTHY AND PROSPEROUS NEW YEAR

Andrew

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#69
Dec 31, 2010 5:54am Dec 31, 2010 5:54am

Andrewkin
| Membership Revoked | Joined Nov 2010 | 646 Posts

We have had to change the new subscription fee.

From USD20 to GBP20 a month.

For accounting reasons.

Sorry.

Andrew

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#70
Dec 31, 2010 6:07am Dec 31, 2010 6:07am

rogers29
| Joined Oct 2006 | Status: Trader | 12 Posts

Andrew,
I've read all through the thread and find it VERY interesting. I agree that GBP 20 would be much more reasonable than 100GBP, at least initially. It was mentioned that you could gradually raise price once you have an adequate number of subscribers and the value of your service is perceived, I agree with that too. An example is a website that claims to OWN the Camarilla equation and charges $100 /month to give access to their online calculator where members must introduce their numbers to get the S/R lines for the day. If they had a price of $25 they would have not 4 times, but 100 times the amount of subscribers for insignificant added costs. There also are little SW programs that calculate S/R values for the day and the week, so you do have some competition in the field. Any comment on Camarilla and SW sup/res calculators?
HOWEVER, (and forgive me for "tinkering" here) wouldn't something like a Moving Average be helpful to determine the general trend of a pair and thus avoid counter-trend short-lived trades? I ask this because in your charts frequently price goes above a line a few pips then down again. The upward spike would be a losing trade and filtering it with a trend indicator would be useful, wouldn't you think? Or do you have some other way to filter these short-lived trades? Or is this "customization" deliberately left to subscribers? Congrats on your development and Happy and Prosperous New Year to you!!

#71
Dec 31, 2010 6:09am Dec 31, 2010 6:09am

jgadefelth
| Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts

Maybe some experienced trader will give an answear how to use / trade the lines ?

It is big difference between 20 usd and 20 gbp but i dont care about that, my only consern is that the lines trading are working and that someone can help me understand how to trade them.

best regards

#72
Dec 31, 2010 6:30am Dec 31, 2010 6:30am

Andrewkin
| Membership Revoked | Joined Nov 2010 | 646 Posts

Quoting rogers29

Disliked

Andrew,
I've read all through the thread and find it VERY interesting. I agree that GBP 20 would be much more reasonable than 100GBP, at least initially. It was mentioned that you could gradually raise price once you have an adequate number of subscribers and the value of your service is perceived, I agree with that too....

Ignored

Hi Roger,

Thanks for your interest and helpful comments.

We've changed to subscription fee to GBP20 a month.

Sorry we can't manage to be 100% accurate. We do our best.

We really don't subscribe to the more lines the better thinking.

However we are not selling a trading system just a little tool.

We hope that people will trade using whatever works for them.

And benefit from the fantastic knowledge housed in FOREX Factory.

Wishing you a VERY HAPPY, HEALTHY AND PROSPEROUS 2011.

Andrew

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#73
Dec 31, 2010 6:38am Dec 31, 2010 6:38am

Andrewkin
| Membership Revoked | Joined Nov 2010 | 646 Posts

Quoting jgadefelth

Disliked

Maybe some experienced trader will give an answear how to use / trade the lines ?

It is big difference between 20 usd and 20 gbp but i dont care about that, my only consern is that the lines trading are working and that someone can help me understand how to trade them.

best regards

Ignored

Hi jgadefeth,

We think you are absolutely right to ask for expert help.

Well done.

The experts will probably evaluate FMRL for FREE during January.

And only provide advice to you and others if they like what they learn.

Wishing you a VERY HAPPY, HEALTHY AND SUCCESSFUL 2011.

Andrew

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#74
Dec 31, 2010 7:01am Dec 31, 2010 7:01am

Mme
| Commercial User | Joined Jan 2010 | 5,509 Posts

For you who Are you looking for market reversal levels, here they are with actual numbers.No science no math

Eur/Usd

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Name: S & L LEVELS 24 Dec. 31, 2010 07.53.jpg
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Gbp/Usd

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Name: S & L LEVELS 25 Dec. 31, 2010 07.54.jpg
Size: 61 KB

#75
Dec 31, 2010 7:10am Dec 31, 2010 7:10am

rogers29
| Joined Oct 2006 | Status: Trader | 12 Posts

[quote=Mme;4277316]For you who Are you looking for market reversal levels, here they are with actual numbers.No science no math

Could you post the indicator you use to get the lines shown in the charts you posted? if you did, we could compare them with the reversal lines proposed in the thread. Thanks

#76
Dec 31, 2010 7:24am Dec 31, 2010 7:24am

Mme
| Commercial User | Joined Jan 2010 | 5,509 Posts

Compare this to the 23rd Eur/Jpy chart, you need more let me know.

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Name: S & L LEVELS 27 Dec. 31, 2010 08.23.jpg
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[quote=rogers29;4277335]

Quoting Mme

Disliked

For you who Are you looking for market reversal levels, here they are with actual numbers.No science no math

Could you post the indicator you use to get the lines shown in the charts you posted? if you did, we could compare them with the reversal lines proposed in the thread. Thanks

Ignored

#77
Dec 31, 2010 7:33am Dec 31, 2010 7:33am

rogers29
| Joined Oct 2006 | Status: Trader | 12 Posts

[quote=Mme;4277353]Compare this to the 23rd Eur/Jpy chart, you need more let me know.
Please clarify what you mean by "compare this to the 23rd Eur/Hpy chart". Is it the 23rd of December chart, if so on what timeframe?
Q: There are several free S/R indicators for MT4. Are you using one of them in your chart? Please clarify. Thanks.

#78
Dec 31, 2010 7:42am Dec 31, 2010 7:42am

Mme
| Commercial User | Joined Jan 2010 | 5,509 Posts

Yes, the 23 of December Eur/Jpy chart, and if you need more charts let me know, what i have I made myself, I don't use MT4, it is useless for me, I am a professional trader I create my own system based on major and minor support and resistance levels using historical price action in all my analysis.

[quote=rogers29;4277367]

Quoting Mme

Disliked

Compare this to the 23rd Eur/Jpy chart, you need more let me know.

Please clarify what you mean by "compare this to the 23rd Eur/Hpy chart". Is it the 23rd of December chart, if so on what timeframe?
Q: There are several free S/R indicators for MT4. Are you using one of them in your chart? Please clarify. Thanks.

Ignored

#79
Edited 11:57am Dec 31, 2010 9:36am | Edited 11:57am