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FOREX Market Reversal Levels

  • #381
  • Feb 22, 2011 7:50am Feb 22, 2011 7:50am
Take a look at this chart.
From what price action is telling me,I smell a quick up move before price may crash back down today.
I smell sell orders around 1.3726
Attached Image (click to enlarge)
Click to Enlarge Name: further move up!.gif Size: 59 KB
  • #382
  • Feb 22, 2011 11:19am Feb 22, 2011 11:19am
Quoting hardpippin
As I predicted yesterday, what the market makers would do!!!
:-)
Hello, mate,

Well, I have to tell you I am just blown away by the clarity of this analysis. I have been in this game a long time and I sometimes despair of learning something new that is truly useful.

This technique of yours has opened my tired old eyes to a whole new world.

Please accept my humble Vouch for your excellent contributions (first one I have given so I hope it works!!)

Very best regards,

Old Dog
  • #383
  • Feb 22, 2011 4:02pm Feb 22, 2011 4:02pm
Rather an interesting day.


Below are today’s 15m charts showing monthly, weekly and daily levels.


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

Attached Image (click to enlarge)
Click to Enlarge Name: EU.gif Size: 34 KB


GBPUSD

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


EURJPY

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


USDJPY

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


USDCHF

Attached Image (click to enlarge)
Click to Enlarge Name: UCHF.gif Size: 30 KB


USDCAD

Attached Image (click to enlarge)
Click to Enlarge Name: UCAD.gif Size: 34 KB


... continued in the next post ...

AUDUSD

GBPJPY

EURCHF

NZDUSD

GBPCHF
  • #384
  • Feb 22, 2011 4:06pm Feb 22, 2011 4:06pm
Tuesday 22 February 2011 - 2,080 pips ... continued ...

AUDUSD

Attached Image (click to enlarge)
Click to Enlarge Name: AU.gif Size: 33 KB


GBPJPY

Attached Image (click to enlarge)
Click to Enlarge Name: GY.gif Size: 33 KB


EURCHF

Attached Image (click to enlarge)
Click to Enlarge Name: ECHF.gif Size: 30 KB


NZDUSD

Attached Image (click to enlarge)
Click to Enlarge Name: NU.gif Size: 29 KB


GBPCHF

Attached Image (click to enlarge)
Click to Enlarge Name: GCHF.gif Size: 33 KB
  • #385
  • Feb 23, 2011 8:43am Feb 23, 2011 8:43am
Quoting Old_Dog
Hello, mate,

Well, I have to tell you I am just blown away by the clarity of this analysis. I have been in this game a long time and I sometimes despair of learning something new that is truly useful.

This technique of yours has opened my tired old eyes to a whole new world.

Please accept my humble Vouch for your excellent contributions (first one I have given so I hope it works!!)

Very best regards,

Old Dog
Hey, you and everyone else are more than welcome.
I just hope all newbies will stop wasting money on so called black box sytems and snake oil gurus etc. Just knuckle down (No looking for quick trading green light sytems etc).I've been there and no doubt you have too old dog. :-)

It can be done with plenty of practise and patience.

BTW:As I type this, we've had two consecutive "Up" days on the EURUSD so the chances of a down day tomorrow is running at 70%
  • #386
  • Feb 23, 2011 10:00am Feb 23, 2011 10:00am
Hi Hardpippin

Thanks for sharing your insights.

Any suggestions for a newbie on what to "knuckle down on"?

Or a series of homework steps to work through?

Any direction appreciated.

Joe
  • #387
  • Feb 23, 2011 2:30pm Feb 23, 2011 2:30pm
Wednesday 23 February 2011 - 540 pips on 5 pairs


Below are today’s 15m charts showing monthly, weekly and daily levels.


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 - 70 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EU.gif Size: 34 KB


GBPUSD - 120 pips

Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 32 KB


EURJPY - 160 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EY.gif Size: 32 KB


USDJPY - 110 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UY.gif Size: 29 KB


USDCHF - 80 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UCHF.gif Size: 31 KB
  • #388
  • Edited 5:27pm Feb 23, 2011 5:22pm | Edited 5:27pm
since it so tedious to draw line manually, I created an ea to do this.

requirement:
1. download the spreadsheet intact, and save it in the "files" directory under expert folder
2. change the file name "2011.2.21 Level.csv" in the source code to the name of your file saved in "file" directory.

3. Change the timeStart variable name to current week start, for example, if the level from andrew is for this week, you should name it 2011.2.21, ie, the start date of the week.

4. save the ea in the Expert directory.

I have this coded as an EA because later on I might try to code int a actual EA to trade if I found this level provided is useful.

Andew, let me know ifyou don't wish this published.

PS. The level file is not provided, you should be able to get this after subscription
Attached File(s)
File Type: mq4 drawLevelLine1.mq4   4 KB | 287 downloads
  • #389
  • Feb 24, 2011 3:05am Feb 24, 2011 3:05am
Quoting neomn
since it so tedious to draw line manually, I created an ea to do this.

requirement:
1. download the spreadsheet intact, and save it in the "files" directory under expert folder
2. change the file name "2011.2.21 Level.csv" in the source code to the name of your file saved in "file" directory.

3. Change the timeStart variable name to current week start, for example, if the level from andrew is for this week, you should name it 2011.2.21, ie, the start date of the week.

4. save the ea in the Expert directory.

I have this coded...
Hi neomn,

Brilliant!

Thanks for making this ea. It will make life a lot easier for everyone.

Bests,

Andrew
Attached Image
  • #390
  • Feb 24, 2011 3:07am Feb 24, 2011 3:07am
Thursday 24 February 2011 - Good start - 100 pips from GU

Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 19 KB
  • #391
  • Feb 24, 2011 3:37am Feb 24, 2011 3:37am
Andrew sorry for OT,

did signup yesterday, when do I get some confirmation email?

Thanks
  • #392
  • Feb 24, 2011 4:11am Feb 24, 2011 4:11am
Quoting neomn
since it so tedious to draw line manually, I created an ea to do this.

requirement:
1. download the spreadsheet intact, and save it in the "files" directory under expert folder
2. change the file name "2011.2.21 Level.csv" in the source code to the name of your file saved in "file" directory.

3. Change the timeStart variable name to current week start, for example, if the level from andrew is for this week, you should name it 2011.2.21, ie, the start date of the week.

4. save the ea in the Expert directory.

I have this coded as an EA because...
Good man.. Thanks for this.
:-)
  • #393
  • Edited 3:25pm Feb 24, 2011 6:02am | Edited 3:25pm
Hi Guys,
Here is another chart just to add credibility to my first example of stop hunting and how the market flows.


I took a trade to the downside @ 1.3790
If price does decide to change back to the upside, then I will settle for plus 1 pip. I DO NOT let a winning trade, "does not matter how small the win"
end up being a losing trade!



Follow the smart money..

Sorry about the spelling in the title.. :-)
Attached Image (click to enlarge)
Click to Enlarge Name: and again.gif Size: 58 KB
  • #394
  • Feb 24, 2011 11:06am Feb 24, 2011 11:06am
Take a look guys..
My Plan of action was mentioned in the previous chart, but price action and it was coming up to US open forced me to close earlier. I'm glad I did.

This was actually a contrarian trade, so I was ready to close if I had to.
Price obviously did not make it to my intended target, but it still gave me 20 safe pips.
:-)

Newbies:
Contrarian means to go against the trend(Only for the more advanced of us.)
:-)
Attached Image (click to enlarge)
Click to Enlarge Name: close going.gif Size: 56 KB
  • #395
  • Feb 24, 2011 12:23pm Feb 24, 2011 12:23pm
A little light entertainment to go with your trading.
:-)


http://www.babelgum.com/channels/180638/featured/play
  • #396
  • Feb 24, 2011 1:36pm Feb 24, 2011 1:36pm
Quoting hardpippin
A little light entertainment to go with your trading.
:-)


http://www.babelgum.com/channels/180638/featured/play
Just like home ...
  • #397
  • Feb 24, 2011 1:40pm Feb 24, 2011 1:40pm
Thursday 24 February 2011 - 850 pips on 5 pairs


Below are today’s 15m charts showing monthly, weekly and daily levels.


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 - 180 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EU.gif Size: 41 KB


GBPUSD - 330 pips

Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 36 KB


EURJPY - 200 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EY.gif Size: 34 KB


USDJPY - 60 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UY.gif Size: 29 KB


USDCHF - 80 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UCHF.gif Size: 39 KB
  • #398
  • Feb 24, 2011 1:57pm Feb 24, 2011 1:57pm
Quoting neomn
since it so tedious to draw line manually, I created an ea to do this.

requirement:
1. download the spreadsheet intact, and save it in the "files" directory under expert folder
2. change the file name "2011.2.21 Level.csv" in the source code to the name of your file saved in "file" directory.

3. Change the timeStart variable name to current week start, for example, if the level from andrew is for this week, you should name it 2011.2.21, ie, the start date of the week.

4. save the ea in the Expert directory.

I have this coded...
Hi neomn,

The simple trading method we describe in the first post really needs an EA.

The idea is to open trades when, or soon after, the price crosses a level.

Close the trade at the next level, or even better, ask whether to close.

Kill any trade that comes back to spread plus user selected pips to avoid less.

Nice little EA!

We will give you any reasonable help if you want to make it.

Andrew
Attached Image
  • #399
  • Feb 25, 2011 12:36am Feb 25, 2011 12:36am
Quoting neomn
since it so tedious to draw line manually, I created an ea to do this.

requirement:
1. download the spreadsheet intact, and save it in the "files" directory under expert folder
2. change the file name "2011.2.21 Level.csv" in the source code to the name of your file saved in "file" directory.

3. Change the timeStart variable name to current week start, for example, if the level from andrew is for this week, you should name it 2011.2.21, ie, the start date of the week.

4. save the ea in the Expert directory.

I have this coded as an...

Good work but can you make it to work for miniaccounts....there is a 'm' letter associated to the pair. Ex: EURUSDm, USDJPYm...
It seems for the miniaccounts foesn't work

Thanks
  • #400
  • Edited 4:48am Feb 25, 2011 4:43am | Edited 4:48am
Quoting neomn
since it so tedious to draw line manually, I created an ea to do this.

requirement:
1. download the spreadsheet intact, and save it in the "files" directory under expert folder
2. change the file name "2011.2.21 Level.csv" in the source code to the name of your file saved in "file" directory.

3. Change the timeStart variable name to current week start, for example, if the level from andrew is for this week, you should name it 2011.2.21, ie, the start date of the week.

4. save the ea in the Expert directory.

I have this coded as an EA because...
Thanks for the EA neomn it should be really useful, although I am having a few problems getting your EA to load the levels, I have followed your instructions, it appears the EA is reading my csv file, but for the life of me I cannot get it to plot the lines. I have checked the log and there are no errors.
My broker symbol matches the spreadsheet e.g GBPUSD, which I realise would be a problem but is not for me as far as I can tell
Is there anything else I could try to get it to work.
Has anybody got the EA to work?
Cheers
wonderwoman
'May God guide you on your life's journey...'
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