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FOREX Market Reversal Levels

  • #81
  • Edited 2:54am Jan 1, 2011 1:54am | Edited 2:54am
You asked me to come here and evaluate your service. I need to see your entry and exit and include the stop you were using before I can evaluate your system. You also need to call the trades, not just the levels, in advance.

A price chart with lines and a comment saying xx safe pips doesent tell me anything. There are a number of possible entries and exits based on your criteria and many result in losses. Showing cherry picked entries after the fact is meaningless.

You guys are mathematicians and physisists, smart people by all accounts - here is a puzzle for you

You have a formulae that garantees safe pips, a holy grail. Because it is safe, the risk you are able to take is huge and the returns astronomical. Given the earning potential, the system is virtually priceless and could be sold for tens of millions of dollars or traded on the markets for much more.

Why would the genious inventors waste their time chasing a hundred bucks a month from subscribers?
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  • #82
  • Jan 1, 2011 6:39am Jan 1, 2011 6:39am
Quoting M.A.C.Doug
You asked me to come here and evaluate your service. I need to see your entry and exit and include the stop you were using before I can evaluate your system. You also need to call the trades, not just the levels, in advance.

A price chart with lines and a comment saying xx safe pips doesent tell me anything. There are a number of possible entries and exits based on...
Hi Doug,

Thanks for glancing at our thread.

We are not offering a trading system, just a tool we hope will prove useful.

We hope that experienced traders will understand how to use our numbers.

We also hope that experienced traders will provide guidance to the others.

FMRL is a stand-alone part of our trading system.

We are trading a rather big fund using our system.

Our system will not become available to anyone else.

We have tried to price our subscription fee to make FMRL easily accessible.

Hope this solves the puzzle.

All the best in 2011.

Andrew
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  • #83
  • Jan 1, 2011 4:05pm Jan 1, 2011 4:05pm
I too have made an indicator that calculates levels in advance. I call it my PAL ... "Price Action Lines". It calculates from Monthly, Weekly and Daily historical price data.

The challenge for me (same as you ) is to teach others how to trade the levels profitably ... particularly how to avoid false signals.

Maybe the work I'm doing in my teaching thread (free on my site) may compliment your levels as well ie how to trade any SR level.

I'm keen to see how accurate your levels are compared to mine this month. Here's an example of what I've been working on:

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  • #84
  • Jan 2, 2011 12:56am Jan 2, 2011 12:56am
WOuld like to try out the levels in Jan 2011. Thanks.
  • #85
  • Jan 2, 2011 6:46am Jan 2, 2011 6:46am
Quoting stratman
I too have made an indicator that calculates levels in advance....
Hi Rob,

Thanks for visiting our thread.

We are sure that the experience you share so generously will be invaluable to novice traders.

We encourage anyone who is unsure how to use our FMRL numbers to visit you.

We too will be interested to see how our levels compare.

We decided against publishing daily numbers as they so often just whipsaw.

All the best in 2011.

Andrew
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  • #86
  • Jan 2, 2011 6:50am Jan 2, 2011 6:50am
Quoting shiva
WOuld like to try out the levels in Jan 2011. Thanks.
Hi Shiva,

Delighted.

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Hope our FMRL numbers contribute to your success.

All the best in 2011.

Andrew
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  • #87
  • Edited 6:31pm Jan 2, 2011 5:10pm | Edited 6:31pm
FREE FMRL Numbers – January 2011 are here (http://forexlevels.atspace.com/ag22jza126df309ujnx65a2e-03JAN2011-07JAN2011.html).

There are six charts with numbers for,

 

  1. EURUSD
  2. GBPUSD
  3. EURJPY
  4. USDJPY
  5. USDCHF
  6. USDCAD


Each chart has nine Monthly and nine Weekly numbers.


Use the numbers to put the FMRL lines on your charts.

We suggest that you label the lines +3, +2, +1, 0, -1, -2, -3 like us.

Not important, but could be useful for queries, comments and discussion.


The Monthly numbers are good for all of January 2011.

The Weekly numbers are good for the week starting 3 January.

Links to new Weekly numbers will be posted on 10, 17 and 24 January.

They will be posted about an hour after market open.


Thanks for deciding to test our FMRL numbers.

We hope they contribute to your trading success.

Please tell us how you use them and how you get on.


Andrew

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  • #88
  • Edited 7:35pm Jan 2, 2011 6:30pm | Edited 7:35pm
I will be practicing with your levels and assessing their value as I promised. There are other people plublishing levels that seem very reliable but I have moved on from those. Personally, I did not like being dependant on someone else to spoon feed me s/r levels that I had no understanding of the reasons for the level. To overcome this issue, I request from you as much information as you can share publicly. I am not asking for the formula but any information about your team, the history of developement, how and why it works etc would be appreciated. The levels look like pivot points with levels of s/r either side of a central point. Similarly, they are provided for monthly and weekly time frames. I was wondering if you are using end of month/week ohlc data for your calculations and, if so, could you produce levels for a single day the same way you do for week/month?
Thanks
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  • #89
  • Jan 2, 2011 7:43pm Jan 2, 2011 7:43pm
Quoting M.A.C.Doug
I will be practicing with your levels and assessing their value as I promised. There are other people plublishing levels that seem very reliable but I have moved on from those. Personally, I did not like being dependant on someone else to spoon feed me s/r levels that I had no understanding of the reasons for the level. To overcome this issue, I request from you as much information as you can share publicly. I am not asking for the formula but any information about your team, the history of developement, how and why it work etc would be appreciated....
Hi Mr Doug,

Thanks for making time to assess our numbers.

We are mostly British academic mathematicians.

Some other work we did was noticed by an institution who
asked us to investigate applying our ideas to financial trading.

Our numbers are calculated, not derived.

We chose not to publish daily levels here as they whipsaw.

We hope our numbers work for you.

Best wishes,

Andrew
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  • #90
  • Jan 3, 2011 12:45pm Jan 3, 2011 12:45pm
Hi Andrew, thanks for the heads up. Couldn't trade today but will certainly tomorrow!

regards

Quoting Andrewkin
FREE FMRL Numbers – January 2011 are here (http://forexlevels.atspace.com/ag22jza126df309ujnx65a2e-03JAN2011-07JAN2011.html)....
  • #91
  • Jan 3, 2011 1:41pm Jan 3, 2011 1:41pm
Quoting Andrewkin
FREE FMRL Numbers – January 2011 are here (http://forexlevels.atspace.com/ag22jza126df309ujnx65a2e-03JAN2011-07JAN2011.html)....
Interesting to note that the Euro/Usd rose 140 pips today up to 1.3390 (6 pips above the monthly zero level) and bounced back down (right now 26 pips). Not a trustworthy day to trade but interesting to start watching your numbers. Thanks Andrew.
  • #92
  • Jan 3, 2011 4:23pm Jan 3, 2011 4:23pm
Quoting rogers29
Interesting to note that the Euro/Usd rose 140 pips today up to 1.3390 (6 pips above the monthly zero level) and bounced back down (right now 26 pips). Not a trustworthy day to trade but interesting to start watching your numbers. Thanks Andrew.
Thanks for that Roger.

I'm in the UK on GMT and saw EU drop to 1,3250. 5 pips short of Weekly (-1).
Then travel up above Monthly (0). Would have been worth over 130 pips.

There was a SAFE trade between Weekly (0) and Monthly (0) worth 40 pips.

Do you only trade EU?

I'll put my usual charts up a little later.

Best regards,

Andrew
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  • #93
  • Jan 3, 2011 5:16pm Jan 3, 2011 5:16pm
See Post #87 for FREE FMRL Numbers for January 2011

EURUSD - SAFE 40 pips

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GBPUSD - SAFE 80 pips

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EURJPY - SAFE 100 pips

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USDJPY - SAFE 40 pips

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USDCHF - Spread

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USDCAD

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Andrew
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  • #94
  • Jan 3, 2011 10:03pm Jan 3, 2011 10:03pm
Quoting Andrewkin
Get the new December 2010 Monthly FMRL numbers here (http://forexlevels.atspace.com/ac80km36zzrb24hwe5s6a8bn1.html)
*************************************

Hi, Andrew.

Great fun here with your numbers! I would like to go back and analyze the December numbers, however, the link from this Post (#3) doesn't take me to a page with the December numbers. Would you mind having a peak?

Also, I would definitely be willing to pay 20 quid a month if my view into your December numbers look promising.

Thanks for sharing!

Cheers.

-Dan
  • #95
  • Jan 4, 2011 4:33am Jan 4, 2011 4:33am
Quoting peppersss
*************************************

Hi, Andrew.

Great fun here with your numbers! I would like to go back and analyze the December numbers, however, the link from this Post (#3) doesn't take me to a page with the December numbers. Would you mind having a peak?

Also, I would definitely be willing to pay 20 quid a month if my view into your December numbers look promising.

Thanks for sharing!

Cheers.

-Dan
Hi Dan,

Delighted you are enjoying our numbers.

Thanks for confirming GBP20 a month is OK.

Sorry, December has gone forever.

Suggest you keep testing January and run on into February.

You can do that FREE as subscription comes with a free month trial.

Andrew
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  • #96
  • Jan 4, 2011 5:15am Jan 4, 2011 5:15am
Andrew you may consider posting mt4 templates with all your levels already in.
Annoying Precision
  • #97
  • Jan 4, 2011 5:33am Jan 4, 2011 5:33am
Quoting erikte279
Andrew you may consider posting mt4 templates with all your levels already in.
Hi erikte,

Great idea except that not everyone uses MT4.

Would anyone else find weekly MT4 templates useful?

Andrew
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  • #98
  • Jan 4, 2011 12:14pm Jan 4, 2011 12:14pm
Hello all,

I never look a gift horse, as they say, so since Andrewkin made his levels available for January I thought I'd have a go.

I only trade EU and Cable so I got the numbers and set up a couple of hourly charts.

I took two trades today, both beauties! On EU I got a hammer with the pin nearly at the top green line, so I set a PO sell below the low with a stop above the previous PA. That is still open and doing well.

On GU I had a hammer with the pin touching the thick red line - accurate to 0.4 pip!! So I just took it with a stop 20 pips below the red line. I closed at the top green. An alarmingly easy 170-odd pips!

As I have explained on my own thread, I derive my levels from previous PA. Andrewkin says he calculates his. I can't imagine how this is done, but these mathematicians are cunning beggars.

On the basis of one day's evidence, I like what I see!

Best regards

Old Dog
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  • #99
  • Jan 4, 2011 1:24pm Jan 4, 2011 1:24pm
Hi Old Dog,

Can you please elaborate a little bit how do you decide to take trades?

Any help will be very helpful.


-best


Hernando




Quoting Old_Dog
Hello all,

I never look a gift horse, as they say, so since Andrewkin made his levels available for January I thought I'd have a go.

I only trade EU and Cable so I got the numbers and set up a couple of hourly charts.

I took two trades today, both beauties!...
  • #100
  • Jan 4, 2011 2:52pm Jan 4, 2011 2:52pm
Quoting Old_Dog
Hello all,

I never look a gift horse, as they say, so since Andrewkin made his levels available for January I thought I'd have a go.

I only trade EU and Cable so I got the numbers and set up a couple of hourly charts.

I took two trades today, both beauties!...
Hello Old Dog,

Thank you visiting our thread and for your kind words.

We are honoured by your visit and hope we can contribute to your success.

Best wishes,

Cunning Beggar,
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