FOREX Market Reversal Levels | Page 15 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Forex Keltner Channels Reversal Strategy 4 replies

Demand and Supply forex Strategy levels 4 replies

RS levels and physic levels are in indicator (created) 3 replies

Short-Term Reversal Levels (STRL's) 107 replies

Apply a 28 Levels Financial Plan to Forex and convert $10 to $10,000 159 replies

Attachments: FOREX Market Reversal Levels
Exit Attachments

FOREX Market Reversal Levels

  • #281
  • Jan 28, 2011 2:48pm Jan 28, 2011 2:48pm
I think there are many ways to trade them trade them for more pips between the line buy at one and sell at next. Or grabing smaller pips looking at them bouncing from a line several times i have notice this but i dont have a strategy for it but i think the lines are good and they are verry intresting if i just can figure them out


best regards
  • #282
  • Jan 28, 2011 2:56pm Jan 28, 2011 2:56pm
Im sorry i hope i dont bore u to death by all my post, but im just little exited, trying to get this to work. MAYBE we shall here in this thread establish the latest trend for for example 4h and only trade in the trade direction for the monthly lines, maybe we can do the same for the weekly and the 1 hour or something.

I think the latest 4h trend in eu is up for example, that mean that we only takes long trades from one line to another.


best regards
  • #283
  • Jan 28, 2011 3:32pm Jan 28, 2011 3:32pm
Hi Andrew:

when suscribed, how are the numbers delivered?

Also, for feb monthly levels, are you going to send them on Tuesday? (To suscribers)

TIA

G
  • #284
  • Jan 28, 2011 4:35pm Jan 28, 2011 4:35pm
Quoting guibernaua
Hi Andrew:

when suscribed, how are the numbers delivered?

Also, for feb monthly levels, are you going to send them on Tuesday? (To suscribers)

TIA

G
Hi guibernaua,

Every week subscribers are sent a link to a new page.

The page has FMRL numbers in tabular and csv format.

They get posted within 90 minutes of market open.

The monthly numbers change when the month changes.

The weekly numbers are new every week.

Andrew
Attached Image
  • #285
  • Jan 29, 2011 1:41am Jan 29, 2011 1:41am
Welp... I figured it out. No ea's no indicators and very easy, the only difference is mine are more accurate and closer together so less dd to suffer though.

GOJ
  • #286
  • Jan 29, 2011 9:52am Jan 29, 2011 9:52am
Quoting jgadefelth
Big THANKS to Rac garrye and old_dog for helping me it brings hope that even i can trade this levels eventually.


best regards and happy weekend to all in this thread

No problem, hope between all of us can make this work out. I will polish my simple strategy and see if I can apply it to trade from a mobile device (cell phone), that is what would work for me and hope this levels can be the key for that. Good luck
  • #287
  • Edited Jan 30, 2011 6:48am Jan 29, 2011 10:46am | Edited Jan 30, 2011 6:48am
You can get FMRL numbers by subscription.

Subscription costs GBP20 a month.

The first month is FREE.

Subscribe HERE (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=EL6M8ARFNNNUA).

You can unsubscribe at any time HERE (https://www.paypal.com/cgi-bin/webscr?cmd=_subscr-find&alias=WWV5GDLDB3D6C).


FMRL numbers are for people who understand Price Action.

Attached Image
  • #288
  • Jan 29, 2011 11:22am Jan 29, 2011 11:22am
Quoting rac
No problem, hope between all of us can make this work out. I will polish my simple strategy and see if I can apply it to trade from a mobile device (cell phone), that is what would work for me and hope this levels can be the key for that. Good luck
please keep us updated i am verry intresting how it is working for u.

best regards
  • #289
  • Jan 29, 2011 12:10pm Jan 29, 2011 12:10pm
Hello all,

I am getting quite a few PMs from folk asking about my trading approach.

Here's a tip...

In my 90 or so posts on FF there are 50 attachments, many of which are charts that illustrate the way I trade.

If you click on my avatar, you will get to my Profile. Then click on "Attachments" and you will get a nice 2-page list of all the charts I have posted. This link may work...

http://www.forexfactory.com/search.php?searchid=13099256

It won't take you long to look thru them and see the interesting ones. You can then click and get the actual post with the explanation.

In an hour or less you will have read the lot and hopefully be a bit more up-to-speed with my approach.

Although I don't post much (as I say, I am a trader, not a poster!), I will be keeping a very keen eye on this forum and trying to help out where I can as the weeks go by.

If you follow these levels and stick with a simple PA-based system IMHO you will already be way ahead of the game!

If you have done your homework and need help, just ask. (If you haven't done the homework, please do that first!)

Very best regards and best of luck to all

Old Dog
  • #290
  • Jan 29, 2011 7:14pm Jan 29, 2011 7:14pm
Hi Old_Dog, I'm interested to see your setups but this link is not working.
Thanks

Quoting Old_Dog
Hello all,

I am getting quite a few PMs from folk asking about my trading approach.

Here's a tip...

In my 90 or so posts on FF there are 50 attachments, many of which are charts that illustrate the way I trade.

If you click on my avatar, you will get to my Profile. Then click on "Attachments" and you will get a nice 2-page list of all the charts I have posted. This link may work...

http://www.forexfactory.com/search.php?searchid=13099256

It won't take you long to look thru them and see the interesting ones. You can then...
  • #291
  • Edited 8:12pm Jan 30, 2011 7:54pm | Edited 8:12pm
Deleted
  • #292
  • Jan 30, 2011 9:55pm Jan 30, 2011 9:55pm
Quoting GoodOlJoe
Hi Old_Dog, I'm interested to see your setups but this link is not working.
Thanks
Here are some links to some that describes one simple system he uses and another useful information.

http://www.forexfactory.com/showthread.php?p=4048536#post4048536

http://www.forexfactory.com/showthread.php?p=4080337#post4080337

http://www.forexfactory.com/showthread.php?p=4084569#post4084569

http://www.forexfactory.com/showthread.php?p=4085774#post4085774

http://www.forexfactory.com/showthread.php?p=4304216#post4304216

http://www.forexfactory.com/showthread.php?p=4236093#post4236093


Old Dog, after reading your posts, is it correct if I assume that your trading is 100% technical - 0% fundamentals?
Thanks
  • #293
  • Jan 31, 2011 2:50am Jan 31, 2011 2:50am
Quoting rac
Here are some links to some that describes one simple system he uses and another useful information.

http://www.forexfactory.com/showthread.php?p=4048536#post4048536

http://www.forexfactory.com/showthread.php?p=4080337#post4080337

http://www.forexfactory.com/showthread.php?p=4084569#post4084569

http://www.forexfactory.com/showthread.php?p=4085774#post4085774

http://www.forexfactory.com/showthread.php?p=4304216#post4304216

http://www.forexfactory.com/showthread.php?p=4236093#post4236093


Old...
Hello RAC

Thanks a lot for doing the hard work for me (and the others) and distilling out a few of my posts that basically say it all regarding my trading style. Great homework!!

Yes, I am a technical trader through and through. I actually try to NOT listen to news or read financial pages in newspapers in case it "pollutes" me!

Just about the only thing to pay attention to is bank rate changes, but these are very few and far between nowadays as all the central banks are in a "race for the bottom". Everyone wants to weaken their currencies so they can export and interest rates are essentially zero everywhere. IMHO this won't change anytime soon.

Best regards,

Old Dog
  • #294
  • Edited 9:20am Jan 31, 2011 9:01am | Edited 9:20am
There has been a lot of discussion about how to trade our levels.

In an early post (#11) we offered a very simple method that works.

But we are mathematicians not experienced traders.

The method is one way to trade and may not be the best.

The main problem is time.

You really do have to watch the Price Action.

Not so easy if you sleep, work, shop and play.

It really needs automating.

Does anyone think the simple method is worth automating?

Would it be possible to build a robot to follow these very simple trading rules?

Andrew
Attached Image


I’ve copied post #11 below ….

PS I am treated as a Commercial Member of FF. This means I can't post to other threads to look for a robot builder. Perhaps you could ask the question if you think it's a good idea. Steve Hopwood seems to be an outstanding maker of expert advisers for MetaTrader. Perhaps he would be interested.

Using the FMRL Numbers

This method is very simple as we see trading as a simple binary system.

You can only buy or sell, win or lose and prices can only go up or down.

FMRL numbers use some fancy math to set boundaries for win-space.

It does not help loss management which is a trading discipline.

Instructions for Use

Buy up from a line.

Sell down from a line.

Close profitably at the next line unless the price drives through and you take a view.

Close without loss if the price heads back and gets close to the line.


Attached Image (click to enlarge)
Click to Enlarge Name: howto.gif Size: 35 KB



We can apply our math to any pair.

Feel free to ask questions about using FMRL.
  • #295
  • Jan 31, 2011 9:04am Jan 31, 2011 9:04am
Hi andrew do u see me i have payed a subscribtion it is not so mutch money and i wanna investigate it more you do send some inlog information or something i could not see any cantact information here about u


best regards
  • #296
  • Jan 31, 2011 9:14am Jan 31, 2011 9:14am
Quoting jgadefelth
Hi andrew do u see me i have payed a subscribtion it is not so mutch money and i wanna investigate it more you do send some inlog information or something i could not see any cantact information here about u


best regards
Hi jgadefelth,

You should have it by now.

Andrew
Attached Image
  • #297
  • Jan 31, 2011 9:16am Jan 31, 2011 9:16am
yes yes that was fast ha ha


best regards
  • #298
  • Jan 31, 2011 3:45pm Jan 31, 2011 3:45pm
Quoting Andrewkin
GBPJPY - 80 pips

Attachment

EURCHF - 80 pips

Attachment

NZDUSD

Attachment
Nice results but....the levels from ur chart differ from mines ? I mean you have some weekly0 wich practically from your table is not weekly0 and so on...
  • #299
  • Jan 31, 2011 4:30pm Jan 31, 2011 4:30pm
Quoting sebytim
Nice results but....the levels from ur chart differ from mines ? I mean you have some weekly0 wich practically from your table is not weekly0 and so on...
Hi sebytim,

We should be using the same numbers.

Please email me your M0 and W0 numbers.

The difference you see is probably the candle shapes.

Our broker feed is GMT+1 and we are using 1H charts.

Andrew
Attached Image
  • #300
  • Jan 31, 2011 4:56pm Jan 31, 2011 4:56pm
It seems like a reversal level for Bitcoins vs. the dollar (BTC/USD) would be 0.50 $ now that this level is broken.

http://bitcoincharts.com/charts/char...&1296514562703
1 trader viewing now