FOREX Market Reversal Levels

Hi hardpippin,

Thanks for sharing your knowledge with us again.

It's appreciated.

Andrew

Not such a slow week after all!

Below are today’s possible results using FMRL.

And a selection of charts showing possible trades.

NOVICES NOTE results from 11 pairs


Our FMRL numbers are available by subscription.

Subscription costs GBP20 a month.

THE FIRST MONTH IS FREE.

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

And unsubscribe anytime HERE (https://www.paypal.com/cgi-bin/webscr?cmd=_subscr-find&alias=WWV5GDLDB3D6C).




EURUSD

GBPUSD

EURJPY - 80 pips



USDJPY - 40 pips



USDCHF

USDCAD - 50 pips



AUDUSD

GBPJPY - 70 pips



EURCHF - 130 pips



NZDUSD - 90 pips



GBPCHF

Below are today’s possible results using FMRL.

And some charts showing possible trades.

THESE RESULTS ARE FROM 11 PAIRS


Our FMRL numbers are available by subscription.

Subscription costs GBP20 a month.

THE FIRST MONTH IS FREE.

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

And unsubscribe anytime HERE (https://www.paypal.com/cgi-bin/webscr?cmd=_subscr-find&alias=WWV5GDLDB3D6C).

Andrew



EURUSD - 70 pips



GBPUSD

EURJPY - 50 pips



USDJPY - 50 pips



USDCHF - 60 pips



USDCAD

AUDUSD

GBPJPY

EURCHF

NZDUSD

GBPCHF - 100 pips

Thanks Andrew,

Your posts had made me learn a lot
about trading FMRL.


best


Hernando

Hi Hernando,

We are really pleased that we are helping you.

Please send me an email so I can email you.



Andrew

Below are today’s possible results using FMRL.

And some charts showing possible trades.

NOTE THESE RESULTS ARE FROM 11 PAIRS


Our FMRL numbers are available by subscription.

Subscription costs GBP20 a month.

THE FIRST MONTH IS FREE.

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

And unsubscribe anytime HERE (https://www.paypal.com/cgi-bin/webscr?cmd=_subscr-find&alias=WWV5GDLDB3D6C).

Andrew



EURUSD - 30 pips



GBPUSD - 110 pips



EURJPY

USDJPY

USDCHF - 40 pips



USDCAD

AUDUSD - 30 pips



GBPJPY - 80 pips



EURCHF

NZDUSD - 40 pips



GBPCHF

Below are today’s possible results using FMRL.

And some charts showing possible trades.

NOTE WE POST RESULTS FROM 11 PAIRS


Our FMRL numbers are available by subscription.

Subscription costs GBP20 a month.

THE FIRST MONTH IS FREE.

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

And unsubscribe anytime HERE (https://www.paypal.com/cgi-bin/webscr?cmd=_subscr-find&alias=WWV5GDLDB3D6C).


A good weekend to you,

Andrew



EURUSD

GBPUSD - 120 pips



EURJPY

USDJPY

USDCHF

USDCAD - 60 pips



AUDUSD

GBPJPY - 50 pips



EURCHF

NZDUSD

GBPCHF

Here are the total for last week. Quite conservative.

Experienced traders probably did rather better.

But few can trade 11 pairs as it's a lot to watch.

Below are today’s possible results using FMRL.

Two sample charts with monthly, weekly and daily levels.

NOTE THESE RESULTS ARE FROM 11 PAIRS



Our FMRL numbers are available by subscription.

Subscription costs GBP20 a month.

THE FIRST MONTH IS FREE.

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

And unsubscribe anytime HERE (https://www.paypal.com/cgi-bin/webscr?cmd=_subscr-find&alias=WWV5GDLDB3D6C).

EURUSD



GBPCHF

Hi Guys,
This is my trade plan for today. My specialised pair is the EURUSD. I hope you get this in time to make use of it.

Regards..

Hi,

Just want to share some trades based on price action and FMRL.

best


Hernando

No results or charts today due to technology failure.

Thanks for your very positive and helpful posts guys.

Hope to be back on the air tomorrow.


Andrew

Hi Guys,
Here is today's trade plan for USDJPY.
If you use your fib tool and draw it upward, you'll notice also that 50% and 61% lines support
both the FRML lines I've highlighted on the 30 minute time frame.
At the time of writing this, I say watch out though, there's quite a bit of high impact news today.
Trade Safely..
:-)

Hi hardpippin,

Thank you very much for sharing your knowledge and experience with us.

Wonder how many of our visitors are copying your setup and strategy.

We think it's brilliant.

Andrew

Hi Hernando,

Could you possibly explain a little of your strategy alongside the charts?

We are very impressed with your progress.

And we hope other new traders are learning from you.

Andrew

Hi Andrew,

Thanks a lot for your kindly support and heads up.

Had been looking like crazy the screen trying to
figure a trading method.

I like very much the simplicity of your model, and thought
about your posts explaining the way to use FMRL as well like
your posts about secure trading possibilities.

Also, still studying the pdfs references about price action posted here on this thread.

In summary, realized that if I see a relatively long candle going appart from
a FMRL line either up or down then have a possibility for a trade.

In the previous examples, took trades in the middle of 2 FMRL lines
when saw a few 2, 3 candles going in the bullish direction for example.

In other trades, use an indicator to recognize price action and forecast market reversal at FMRL levels. In one example saw 3 candles test the FMRL line and started to reversal, in other saw the price action reversal candles and took the trades.

I took those trades just when sitting in the pc and saw where the price was
going. Amazed how even not need to identify types of candlesticks for price action, just the length of the candles at some trades. Thanks to Andrew for realize that looking at his example's trades.
(sorry fo my grammar mistakes)

Desire to be in front of pc at the right times to enjoy thos ewonderful trades.

Then set up stop loss, take profit, and trailig stop and forgot about the trades. Planning to use a trade manager. This is to implement the explanation given by Andrew on his posts.

I had made some mistakes also that require refining of strategy, but really impressed for the accuracy of trades.

As simple as that.

The difficult part was previously done by Andrew and his friends. lol.


best


Hernando

Hi Guys,
Here is an example of not letting a wiining trade turn into a losing trade.
I was looking for higher prices on this trade, but when I noticed price stalling and also a double top, I thought "take what the market is giving you for now."

I did enter slightly earlier than right at the FMRL point because I had double
confirmation with the fibs lines too.

Another thing to take into consideration which I think a lot of traders are overlooking is: "How many pips is this pair expected to move today?"
If the range for for EURUSD is 140 pips from high to low of the day,
and there is an FMRL line in a down trend at the end of the daily range,
you would be wise not to take a continued trade in the down direction.

I have attached a daily range indicator to assist. If you are using a 5 digit
broker, just ignore the last digit of the indicator reading.


Trade well.


Low Leveredge-Higher stop loss..
:-)

Look at the following chart.
Even though it looks as if we are in a downtrend, there is no definate direction. Looking in the background, you can see strength, but the price action is typical of smart money wanting to confuse the uneducated. This is the time to stay out and see what the market really wants to do.
I smell a stop hunt (Take out all those bacground Buy orders), but I could be wrong!
Lets see..

Look at the following chart.
Here you see price action floating around the FMRL line but not really doing anything much. As we are in a down trend, you should be looking for downtrend entries at this point. Look at the previous buying in the background. Smart money is trying to get you to go long, knowing that they are going to go after all those buy orders in the back ground. They will use news to drive down the price.

Based on this knowledge, I have taken a trade to the downside and my target is shown on the chart. If it does not make it to my target, I will take what the market wants to give.
:-)

Here is the result to back up the previous chart from around 2 hours before.
This is a clear case of the FMRL lines being powerful when you know how to use them along with how the market really moves.

As you can see, the composite operators (The Big Dogs) were distributing
and waited for some news to come out in order to drive the price down, thus clearing out all those buy orders in the background; known as the proverbial stop hunt manouvre.

AS you can see from my previous post I detected this, and as a result I was only looking for short entries.

I did close my trade before the pink fib line at the bottom of the chart, reason being is look at where the first green candle (Buying) started in the background. (Strengh appearing).

All in all, the market gave me a safe twenty five pips on this pair along with
pips already made from other pairs today.

Now listen...I mentioned in another posting that you DO NOT need hundreds of pips a day from this or any other form of trading. 15 safe pips a day for four days (I keep a day back for mistakes) is 60 pips a week.
Thats 240 pips a month, even at £2.00 a pip it's £480.00!
Thats going to help put addtional food on the table for most traders and you're not taking big risk's.

Most candle movement will give you 15 pips.

Trading plan for the more adventurous.

Dont go for Large pip moves, you'll be in front of your computer all day!

set up an alert at the FMRL lines.If you dont know how to do this PM me.
When an alert goes off, grab your fifteen pips, set up another alert, Alert goes off; grab another fifteen pips.

Close down and walk away-DONT GET GREEDY!

Lets get this 95% of losing traders down to a more acceptable level


I'm not going to post anymore charts now for the time being. I'd like to see
how others out there are doing.

:-)