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FOREX Market Reversal Levels

  • #101
  • Jan 4, 2011 3:07pm Jan 4, 2011 3:07pm
You can get our January FMRL numbers FREE for evaluation from post #87

EURUSD - SAFE 80 pips

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GBPUSD - SAFE 160 pips

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EURJPY - SAFE 220 pips

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USDJPY

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USDCHF - SAFE 90 pips

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USDCAD - SAFE 40 pips

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  • #102
  • Jan 5, 2011 7:53am Jan 5, 2011 7:53am
Quoting hquevedoamar
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
Hi Hernando,

With respect, please take the time to read my posts. There aren't many of them (I'm a trader, not a poster!). I have explained in painstaking detail my methods in those posts.

To recap, all you need to trade successfully is a few lines (no more than 5) where there is a high probability of the market turning. Then watch the PA (e.g. pinbars, hammers, etc) in the vicinity of those lines on a reasonably high time frame (nothing shorter than H1).

I have already posted the attached chart in a different thread, but here it is again for clarity.

You need both components, (1) vicinity to the line and (2) price action. If either component is missing, no sausages. When you get the confluence of the line with PA, like on the two charts I posted yesterday, you have a very high chance of success (better than 90% in my experience).

Hope that helps,

Old Dog
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  • #103
  • Jan 5, 2011 9:24am Jan 5, 2011 9:24am
Quoting Old_Dog
....

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....

Well, that EU trade I opened yesterday played out very well, almost textbook. Another haul of green pips in the bag. http://cdn.forexfactory.com/images/s...m/big_grin.gif

OD
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  • #104
  • Jan 5, 2011 11:12am Jan 5, 2011 11:12am
I Old Dog,

Thanks a lot for your answer. I will look forward your posts.

Now we have the special lines so I need the PA, hammers, etc.

-best

Hernando



Quoting Old_Dog
Hi Hernando,

With respect, please take the time to read my posts....
  • #105
  • Jan 5, 2011 11:35am Jan 5, 2011 11:35am
Quoting hquevedoamar
I Old Dog,

Thanks a lot for your answer. I will look forward your posts.

Now we have the special lines so I need the PA, hammers, etc.

-best

Hernando
Hi Hernando,

How much do you know about trading currencies?

Do you know what PA and hammers are?

Would a comprehensive primer be useful to you?

Attached Image


Andrew
  • #106
  • Jan 5, 2011 2:15pm Jan 5, 2011 2:15pm
Hi Andrewkin,


Very little in reality, just learning.

Yes it will be very helpful the premier because
don´t know how to recognize those patterns.

Also, it is not the same the PA of a sucessful trader like
you or Old Dog that PA found who knows where on the net.

I also have an indicator called Pattern_recognition_master
that I beleive could help me a lot.

With your numbers and that indi I don´t know why but
I am very confident.

best


Hernando
PS It is possible to pay this service using western union?



Quoting Andrewkin
Hi Hernando,

How much do you know about trading currencies?

Do you know what PA and hammers are?

Would a comprehensive primer be useful to you?

Attachment

Andrew
  • #107
  • Jan 5, 2011 2:34pm Jan 5, 2011 2:34pm
i will be watching this thread and see how others trade the lines, how they deside when to take profit at one line or stay with the trade for next line and so on.

Andrew please post the tenplate for the weekly also for the mounthly if u please.


best regards
  • #108
  • Jan 5, 2011 3:45pm Jan 5, 2011 3:45pm
Quoting hquevedoamar
Hi Andrewkin,


Very little in reality, just learning.

Yes it will be very helpful the premier because
don´t know how to recognize those patterns.

Also, it is not the same the PA of a sucessful trader like
you or Old Dog that PA found who knows where on the net.

I also have an indicator called Pattern_recognition_master
that I beleive could help me a lot.

With your numbers and that indi I don´t know why but
I am very confident.

best


Hernando
PS It is possible to pay this service using western union?
Hi Hernando,

Please, please don't feel very confident.

Almost everyone loses and gives up trading FOREX.

We've put a very good price action primer HERE (http://www.nysco.co.uk).

Please read and absorb it.

Then trade using only demo accounts for a year.

Don't spend money on our FMRL numbers or anything else.

Only use your money when you know how to win more than lose.

Please forgive me being so direct with you.

It really is for your own good.

Learn the easy way!

Then get rich.

Andrew
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  • #109
  • Jan 5, 2011 3:50pm Jan 5, 2011 3:50pm
Quoting jgadefelth
i will be watching this thread and see how others trade the lines, how they deside when to take profit at one line or stay with the trade for next line and so on.

Andrew please post the tenplate for the weekly also for the mounthly if u please.


best regards
Hi jgadefelth,

Sorry can't do that.

The numbers are what we offer.

I assume you have the numbers.

Perhaps someone else will offer a template.

Andrew
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  • #110
  • Jan 5, 2011 4:01pm Jan 5, 2011 4:01pm
See post #87 to get the January 2011 FMRL numbers FREE.

EURUSD - SAFE 90 pips

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Click to Enlarge Name: EU.gif Size: 31 KB


GBPUSD - SAFE 160 pips

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Click to Enlarge Name: GU.gif Size: 33 KB


EURJPY - SAFE 100 pips

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Click to Enlarge Name: EY.gif Size: 32 KB


USDJPY - SAFE 90 pips

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Click to Enlarge Name: UY.gif Size: 28 KB


USDCHF - ALMOST SAFE 150 pips

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Click to Enlarge Name: UCHF.gif Size: 29 KB


USDCAD - SAFE 50 pips

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Click to Enlarge Name: UCAD.gif Size: 30 KB
  • #111
  • Jan 6, 2011 1:16am Jan 6, 2011 1:16am
.
  • #112
  • Jan 6, 2011 1:52am Jan 6, 2011 1:52am
Quoting Ultimatus
.
Hi Ultimatus,

Sorry about that. Now fixed.

Andrew
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  • #113
  • Jan 6, 2011 1:23pm Jan 6, 2011 1:23pm
See post #87 to get the FMRL numbers for January 2011 FREE.

EURUSD - SAFE 60 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EU.gif Size: 23 KB


GBPUSD - SAFE 80 pips

Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 25 KB


EURJPY - SAFE 100 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EY.gif Size: 25 KB


USDJPY

Attached Image (click to enlarge)
Click to Enlarge Name: UY.gif Size: 22 KB


USDCHF

Attached Image (click to enlarge)
Click to Enlarge Name: UCHF.gif Size: 22 KB


USDCAD - SAFE 50 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UCAD.gif Size: 25 KB
  • #114
  • Jan 7, 2011 3:49am Jan 7, 2011 3:49am
Hi Andrew,

I am having problems accessing the link on post #87.

Should it still be working?

Regards

Lee
  • #115
  • Jan 7, 2011 4:08am Jan 7, 2011 4:08am
Quoting leemonk
Hi Andrew,

I am having problems accessing the link on post #87.

Should it still be working?

Regards

Lee
Hi Lee,

Just tried and the link works for me.

The server does hiccup a little.

Please try again and let me know.

The link is here (http://forexlevels.atspace.com/ag22jza126df309ujnx65a2e-03JAN2011-07JAN2011.html).

Andrew
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  • #116
  • Edited 5:22am Jan 7, 2011 4:34am | Edited 5:22am
Hey andrew,

it worked thanks.

Regards

Lee

*EDIT*

Andrew,

I may have missed something here as I have only just started reading the thread, but what is the significance of the broken lines? Are they merely showing the trades that you post or is there something more to it?
  • #117
  • Jan 7, 2011 11:37am Jan 7, 2011 11:37am
Quoting leemonk
Hey andrew,

it worked thanks.

Regards

Lee

*EDIT*

Andrew,

I may have missed something here as I have only just started reading the thread, but what is the significance of the broken lines? Are they merely showing the trades that you post or is there something more to it?
Hi Lee,

Delighted it worked.

We use broken lines as a simple way of marking the zero positions.

Tedious I know, but still it is probably worth reading the thread.

Most questions have been asked and answered.

Andrew
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  • #118
  • Jan 7, 2011 1:12pm Jan 7, 2011 1:12pm
There will be new FREE FMRL numbers for the week 10 January 2011.
They will be available for download within 90 minutes of market open.

Friday 7 January 2011 - SAFE 310 pips

EURUSD

Attached Image (click to enlarge)
Click to Enlarge Name: EU.gif Size: 23 KB


GBPUSD - SAFE 80 pips

Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 27 KB


EURJPY - SAFE 130 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EY.gif Size: 24 KB


USDJPY - SAFE 50 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UY.gif Size: 22 KB


USDCHF

Attached Image (click to enlarge)
Click to Enlarge Name: UCHF.gif Size: 22 KB


USDCAD - SAFE 50 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UCAD.gif Size: 26 KB
  • #119
  • Edited 1:43pm Jan 7, 2011 1:27pm | Edited 1:43pm
it is just pivot points
  • #120
  • Jan 7, 2011 1:40pm Jan 7, 2011 1:40pm
Quoting Mme
[/center]
Mme, this is not my thread but I believe posts are for asking questions or making positive contributions to use the S/R levels offered for free. It seems clear that you are competing and/or antagonizing the thread starter with your charts showing S/R levels and your quote, "no science, no maths" followed by your website URL. I think you should start your own thread (or advertise elsewhere) because here it seems you are just creating bad will against your person and your website.
Just my 2c
Roger
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