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FOREX Market Reversal Levels

  • #181
  • Edited 6:52am Jan 17, 2011 6:41am | Edited 6:52am
hoichoi no my fellow trader i would not i can make my own levels(but noway as good as these )its the simple way to trade the levels i love,never have i ever had over 100 pip moves with a 20 pip s/l.try it out yourself you may suprise yourself.being cocky dont make you money .happy trading thanks rodge i will take a look at that,for me its more the psychology with small s/l which they say is 80% of trading
student
  • #182
  • Jan 17, 2011 7:03am Jan 17, 2011 7:03am
Garrye, care to share exactly how you use the numbers in your trading?

Quoting garrye
well all my toys have been taken off my charts all i have is andrews levels and watch price,keep it simple traded eu,ej again today and made more than i do on a great week,old dog is right we are onto a great thing here(why did i never ever think to trade this way before)as the great dr joe said keep buying as it goes up,sell when it goes down.will record my% roi at the end of the month,should be the best ive had in a few years.thank you andrew for helping see the light
  • #183
  • Jan 17, 2011 7:28am Jan 17, 2011 7:28am
Quoting garrye
hoichoi no my fellow trader i would not i can make my own levels(but noway as good as these )its the simple way to trade the levels i love,never have i ever had over 100 pip moves with a 20 pip s/l.try it out yourself you may suprise yourself.being cocky dont make you money .happy trading thanks rodge i will take a look at that,for me its more the psychology with small s/l which they say is 80% of trading
Hi
I am not being cocky . I just asked you a question. I know this levels are good no doubt but if Andrew is dead tomorrow ( I don't wish this Just trying to explain) what would you do? Go back to your old toys?

I hope I made my point clear

Note: Andrew I wish you a very long life . But for him I am just trying to give a scenario
  • #184
  • Jan 17, 2011 7:48am Jan 17, 2011 7:48am
Quoting hoichoi
Hi
I am not being cocky . I just asked you a question. I know this levels are good no doubt but if Andrew is dead tomorrow ( I don't wish this Just trying to explain) what would you do? Go back to your old toys?

I hope I made my point clear

Note: Andrew I wish you a very long life . But for him I am just trying to give a scenario
ok i understand hoichoi,i can calculate my own levels but never thought to trade them this simple way and mine are not as good so i would depend on myself like i do when i enter or exit,i see you on here even after your training in order flow,like you looking for an edge i wish you well good traing to you.peace
student
  • #185
  • Jan 17, 2011 8:00am Jan 17, 2011 8:00am
gentlemen.... each of these lines i fibonacci based... it took me all of 3 minutes to figure this out..no magic formula here..sorry!! but the important thing here is if there working for you and your making money with them then its a small price to pay, and by all means keep doing it!!! but dont worry about "losing your connection"...if you lay out the lines both past and present and start pulling fibs you ll quickly start to see a pattern... no offsense to the author of this thread..if your helping people make money then its a good thing and theres nothing wrong with earning a few bucks (or pounds in your case) for doing so...regards!!!
  • #186
  • Jan 17, 2011 9:26am Jan 17, 2011 9:26am
I cannot find it profitable I have much better sytems to use rather that going for fmr levels it really cannot let a newcomer to enter trading with small or micro accounts...........

any answers
  • #187
  • Jan 17, 2011 9:29am Jan 17, 2011 9:29am
Quoting Dreamliner
Garrye, care to share exactly how you use the numbers in your trading?
no problem,i put all the lines on the daily chart,zoom down to 1hour making sure im with the trend(look at eu,ej for last week)enter on close above/below lines on 15m for entry.today caught the move down on eu,ej today and 5m worked great small stop.gu would have been good and ozzie but never traded them,looking at doing more pairs.
traderx i put the bobocus fib tool on and the lines are real close thanks for that,a few ways to trade the levels but always down to enter/exit and emotion same as allways.
student
  • #188
  • Jan 17, 2011 9:38am Jan 17, 2011 9:38am
Quoting Trader_X
gentlemen.... each of these lines i fibonacci based... it took me all of 3 minutes to figure this out..no magic formula here..sorry!! but the important thing here is if there working for you and your making money with them then its a small price to pay, and by all means keep doing it!!! but dont worry about "losing your connection"...if you lay out the lines both past and present and start pulling fibs you ll quickly start to see a pattern... no offsense to the author of this thread..if your helping people make money then...
Hi Trader_X,

Our FMRL numbers are calculated, not derived.

The are published a Month and a Week in advance.

Congratulations if you can do the same with Fibs.

Perhaps you would share your Fib levels for January.

Andrew
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  • #189
  • Jan 17, 2011 9:43am Jan 17, 2011 9:43am
Ahhh... very wise of you to use bobukus template.. he is a brillant trader....my intentions are not to disrupt whats going on here....anything, and i mean anything , that works ..do it!!!! but i know what it feels like to be dependant on someone elses signals( very unsettling) so i only wanted to let those that are concered know that with a little work it would be possible to calculate these levels on there own.. no doubt it would only take a few minutes of the day for a high caliber trader like "old dog" to decipher such a formula!!!... best regards...Trader_X
  • #190
  • Jan 17, 2011 10:51am Jan 17, 2011 10:51am
Quoting hoichoi
Hi
I am not being cocky . I just asked you a question. I know this levels are good no doubt but if Andrew is dead tomorrow ( I don't wish this Just trying to explain) what would you do? Go back to your old toys?

I hope I made my point clear

Note: Andrew I wish you a very long life . But for him I am just trying to give a scenario
Hi hoichoi,

Thank you for your good wishes.

I too wish you long and happy life.

Either one of us could die tomorrow.

The important thing is to be alive now.


I am a member of a small team of mathematicians.

We developed and trade our system for a financial institution.

They gave us permission to make the FMRL part available to others.

We hope and expect it will help competent traders make more money.

We are not aware that anything better, or even as good, is available.

But we don't claim to know everything.

Probably there is a better system.

We just haven't seen it.

Best wishes,

Andrew
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  • #191
  • Edited 12:22pm Jan 17, 2011 12:06pm | Edited 12:22pm
i knew i shouldnt have posted that... like old dog once said im a trader (full time) not a "poster"!!!.. (im here to make money ... not friends .. i have enough of those and even some of them id like to get rid of!! LOL.). but i started this so i guess im obligated to seeing it through...derived / calculated ..not sure the difference( but what do i know, im kinda slow)..as to posting my fibs...no can do.. my olbligation is to MY company and my clients...i make far more money trading than i would selling my system for19.95 a month..thats just buisness....and in fact the mere 20 pounds you ask is a small price to pay for these wonderful numbers...personally id almost rather pay the small premium for the numbers than do hours of calculation deriving them myself! lets call it a convience fee....one only needs a mere 30 pips a month to breakeven !.. not a bad deal id say!.. but for those who can not afford it..there is another way (theres always another way)...do you deny that your numbers are fibonaaci based?..or were you just unaware?? being mathematicians ..i doubt you didnt know..if i had to guess id say you have a baseline each month(sound familiar anyone?) and from that the other levels are calculated..sorry derived! it is beyond coincidence that if i take last weeks weekly 0 and last weeks monthly -2 and calculate these numbers your current weekly -1 ( this all on the euro/usd btw) falls exactly on the 1.618 projection...( i may be a pip or so off ..which i assume is the diffence in data..forgive me)... and by those same two calculations i get the monthly -1 (still on the euro!) falling in at the 1.764 fibonacci level......i can go on all day doing this!!! but again... IT IS NOT MY INTENTION TO BE NEGATIVE OR START TROUBLE>>> I THINK WHAT YOUR DOING IS GREAT!!!! hell i may subscribe my damn self just to confirm my own levels..LOL... Since you so freely gave to others here im gonna do the same for you..ive been hanging around here for awhile now and learned a few things on the way..traders are inherintly of higher intelligence by in large...when you start a thread here on FF your gonna attract several types of people...the haters (who are gonna say it wont work even if your posting 100% trades... the newbies who are pulling there hair out screaming "somebody please help me!!!( my heart goes out them... hang in there guys , i can be done and you can do it as long as you dont quit!.. i promise you it is possible!!!) ..the veterns..(phillip nel..bobokus..igrok..old dog..thomknight) these guys are the geniune article and should be respected!!! they have accomplished what most havent!...and finally the hackers..the guys who absolutely have to know why and how something works!!! (usually very smartguys)..so i say all this to say ..that by merely posting the few levels that you have you may have attracted some attention from some people you didnt want attention from and may have completely given away the very system that you use to trade for a financial institution..(and we all know what happens to a system once it goes public!) best of luck..and best regards..Trader_X
  • #192
  • Jan 17, 2011 2:25pm Jan 17, 2011 2:25pm
Get the FREE 17-21 January FMRL numbers HERE (http://www.nysco.co.uk/aj78pz144dgf098bnme23gak-17JAN2011-21JAN2011.html).

EURUSD

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GBPUSD - SAFE 100 pips

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EURJPY - SAFE 110 pips

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USDJPY - SAFE 30 pips

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USDCHF

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USDCAD

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AUDUSD - SAFE 50 pips

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  • #193
  • Jan 17, 2011 3:01pm Jan 17, 2011 3:01pm
Quoting Trader_X
i knew i shouldnt have posted that... like old dog once said im a trader (full time) not a "poster"!!!.. (im here to make money ... not friends .. i have enough of those and even some of them id like to get rid of!! LOL.). but i started this so i guess im obligated to seeing it through...derived / calculated ..not sure the difference( but what do i know, im kinda slow)..as to posting my fibs...no can do.. my olbligation is to MY company and my clients...i make far more money trading than i would selling my system for19.95 a month..thats just buisness....and...

Hi Trader_X,

Thanks for posting so positively and constructively.


We first thought GBP100 a month was right.

Told we were wrong so reduced it to GBP20.

Seems to be what our visitors want to pay.

We too think GBP20 is rather good value.

It’s GBP to make the accounting easier.


A convenience fee!

We do deny it.


Thanks for the warning about unwelcome visitors.

To date we have only had one who we really didn’t like.

Otherwise we try to persuade novices to only trade demo money.

Haven’t met any aggressive hackers yet only polite requests politely declined.


FMRL is a stand-alone element in our trading system which will never go public.

Again, thanks for your interest and for taking the time to comment so fully.

All the best,

Andrew
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  • #194
  • Jan 17, 2011 4:05pm Jan 17, 2011 4:05pm
im really glad this didnt go sour..it was not my intention...i really wasnt trying to warn you only let you know that there are very smart people on this forum and by giving such great numbers that you have you are guaranteed that at least one of these people is going to go out of his way to de code said numbers..(someone such as myself except im not that smart..LOL) it isnt personal..we just cant help ourselves!!! keep up the good work! trader_X
  • #195
  • Jan 17, 2011 9:09pm Jan 17, 2011 9:09pm
great posts agree with everything you say,i think 20quid is too cheap also the numbers work great for me you can give all the numbers to anyone but can they trade them,we both know the answer to that one lol.good trading to everyone respect to anyone who pulls money out of the markets,not out of newbies dreams
student
  • #196
  • Jan 17, 2011 9:21pm Jan 17, 2011 9:21pm
Totally affordable and works, don't see any reason to dispute over the price being too low. If some subscriber think it's too low then by all means pay andrew what he/she deems fit, but don't drag everyone else into it.

Thanks and great work andrew.
  • #197
  • Jan 17, 2011 10:11pm Jan 17, 2011 10:11pm
Hi Andrew,

Very nice thread, and just this week trying this out.

I read the price will be $20.00 per month.
Would that be $20.00 US? If so I will try this beyond the time u post the numbers here.

Thanks a lot!

ut2
  • #198
  • Jan 18, 2011 2:17am Jan 18, 2011 2:17am
Quoting ut2DaMax
Hi Andrew,

Very nice thread, and just this week trying this out.

I read the price will be $20.00 per month.
Would that be $20.00 US? If so I will try this beyond the time u post the numbers here.

Thanks a lot!

ut2
Max, it's going to be 20 pounds, which is ..... well, I think you already know how much that's in dollars lol.
Enjoy the thread.
Roger
  • #199
  • Jan 18, 2011 3:22am Jan 18, 2011 3:22am
Quoting rogers29
Max, it's going to be 20 pounds, which is ..... well, I think you already know how much that's in dollars lol.
Enjoy the thread.
Roger
Hi Roger and Max,

Don't worry.

We'll reduce the price when Cable reaches two.

Joke ... ?

Andrew
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  • #200
  • Jan 18, 2011 3:35am Jan 18, 2011 3:35am
Quoting Andrewkin
Hi Roger and Max,

Don't worry.

We'll reduce the price when Cable reaches two.

Joke ... ?

Andrew
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Andrewkin,
I'm not worried, I live in Happy Euroland not in Dollarland, so you can increase it when Cable/Eur reaches parity (not too far away). Joke?
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