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FOREX Market Reversal Levels

  • #481
  • Mar 25, 2011 4:32am Mar 25, 2011 4:32am
I have used this Indicator before quite awhile back, but it dont half eat the computer's resources . At the time I could'nt work out how to use it either.

I guess for me for the price, having someone else work out the levels (and they work for me) suits me better. It leaves me with other things to concentrate on like true PA around these levels.
:-)
  • #482
  • Mar 25, 2011 9:09am Mar 25, 2011 9:09am
I've used POC extensively in the futures market in the past. I did some analyses and FMRL levels are more in the pivot camp. They do sometimes align but they are different. In my view the FMRL numbers are of great value and are not POC. The idiot that calls it a scam should be banned from this site.


Quoting hardpippin
I have used this Indicator before quite awhile back, but it dont half eat the computer's resources . At the time I could'nt work out how to use it either.

I guess for me for the price, having someone else work out the levels (and they work for me) suits me better. It leaves me with other things to concentrate on like true PA around these levels.
:-)
  • #483
  • Mar 25, 2011 9:48am Mar 25, 2011 9:48am
Quoting jaimeca
I've used POC extensively in the futures market in the past. I did some analyses and FMRL levels are more in the pivot camp. They do sometimes align but they are different. In my view the FMRL numbers are of great value and are not POC. The idiot that calls it a scam should be banned from this site.
The facts are in front of many.

Your words are useless unless you back it up and prove your point.

I've pulled up 4 charts-- added the market profile and sure enough the lines ALL match, -- I proved my point- you have not

so please do a favor and THINK before opening your mouth.

If you see value, in these levels, then PAY..

All I am doing is proving a point with facts ,not statements like you

Let the traders decide on if the $20 a month for INDICATOR LEVELS are worth it.. You do not need to vouch unless you have some track records proving you use these levels.
  • #484
  • Mar 25, 2011 9:50am Mar 25, 2011 9:50am
and I think, the Commercial member is who should be backing up the facts and not some other member/partner.

And if I got banned from this site for saving ppl from scammers, then this site lost its value a long time ago.

However, if you are aware of how this site works, then you understand that I can say what ever I want, BUT ppl will only listen when I have proof
  • #485
  • Mar 25, 2011 12:28pm Mar 25, 2011 12:28pm
Quoting Ipndasno
and I think, the Commercial member is who should be backing up the facts and not some other member/partner.

And if I got banned from this site for saving ppl from scammers, then this site lost its value a long time ago.

However, if you are aware of how this site works, then you understand that I can say what ever I want, BUT ppl will only listen when I have proof
Hi Ipndasno,

We wouldn't want to ban you from our thread.

You are welcome as your thinking may help others.

All we would ask is for you to be a little more polite.

Please.

Some of our subscribers are very experienced traders.

They use our levels in their own way to suit their trading style.

The maths was developed for our own proprietary trading system.

The numbers may not be unique, but the way we calculate them is.

We publish them in the hope that they will be useful to others.

We decided to charge for them to constrain novice traffic.

And we charge very little, as you may have noticed.

You may not want them, but lots of people do.

Please respect them so they will respect you.

Andrew
Attached Image
  • #486
  • Mar 25, 2011 3:07pm Mar 25, 2011 3:07pm
From what I understand the FMRL numbers are a constant calculated of the pivot points. POC represented here by the market profile indicator calculates each level from the current data around the level therefore they must be and are different.


Quoting Ipndasno
The facts are in front of many.

Your words are useless unless you back it up and prove your point.

I've pulled up 4 charts-- added the market profile and sure enough the lines ALL match, -- I proved my point- you have not

so please do a favor and THINK before opening your mouth.

If you see value, in these levels, then PAY..

All I am doing is proving a point with facts ,not statements like you

Let the traders decide on if the $20 a month for INDICATOR LEVELS are worth it.. You do not need to vouch unless you have some...
Attached Image (click to enlarge)
Click to Enlarge Name: poc-vs fmrl.jpg Size: 171 KB
  • #487
  • Mar 26, 2011 8:29am Mar 26, 2011 8:29am
Quoting Ipndasno
and I think, the Commercial member is who should be backing up the facts and not some other member/partner.

And if I got banned from this site for saving ppl from scammers, then this site lost its value a long time ago.

However, if you are aware of how this site works, then you understand that I can say what ever I want, BUT ppl will only listen when I have proof
start your own thread with wot u have found not dissing u man,but your way off target for fmrl
i would be very interested if you can come close with poc for fx,futures 50/50 dont be a oxygen thief here
wish you well and hope to read your new findings but not on here
student
  • #488
  • Mar 27, 2011 12:00pm Mar 27, 2011 12:00pm
FMRL and Fisher

The Fisher transform algorithm seems to work nicely alongside FMRL.

The two seem to promise a simple but profitable method.

Maybe using simple rules like these.

 

  1. Only trade in the same direction as the Fisher indicator
  2. Open trade when price passes through an FMRL line
  3. Close trades at or near the next FMRL line
  4. - or close if the price retraces to the close of the previous bar
  5. - or close to avoid going into loss
  6. Reopen if price recovers past small retraces and returns to trend


We have attached two Fisher MT4 indicators for your interest and this is what they look like.

Attached Image (click to enlarge)
Click to Enlarge Name: EU_trades.jpg Size: 140 KB


Please let us know if these ideas work in practise.

Andrew
Attached Image
Attached File(s)
File Type: mq4 Fisher_Yur4ik.mq4   2 KB | 330 downloads
File Type: mq4 Fisher trade indicator.mq4   4 KB | 395 downloads
  • #489
  • Mar 27, 2011 11:50pm Mar 27, 2011 11:50pm
What chart time frame is your Fisher on?



Quoting Andrewkin
FMRL and Fisher

The Fisher transform algorithm seems to work nicely alongside FMRL.

The two seem to promise a simple but profitable method.

Maybe using simple rules like these.

 

  1. Only trade in the same direction as the Fisher indicator
  2. Open trade when price passes through an FMRL line
  3. Close trades at or near the next FMRL line
  4. - or close if the price retraces to the close of the previous bar
  5. - or close to avoid going into loss
  6. Reopen if price recovers past small retraces and returns to trend

We...

  • #490
  • Mar 28, 2011 12:29am Mar 28, 2011 12:29am
Quoting Ipndasno
here is EURJPY -- levels are weekly and daily.

I can pull the monthly levels too. - like I said -- indicator.
Attachment
Respect for Scammers?
Are you joking me?
Why should I or any other person have respect for anyone that takes advantage of others, whether new or experienced traders?

Calculated levels. Ok. POC +/- AHR(average hourly range) as a cushion.

Considering the ADR in Major pairs, a slight deviation wouldn't affect results much.

So if Market Profile can give you a potential level within oh 5 pips and the objective is 50-100 pips, the slight deviation from using market Profile POC instead on your calculated levels, then POC will work just fine for FREE

It really doesn't matter how your levels are calculated. Just thinking about the non sense in this thread reminds me of WISDOM FX. another scammer that calculates levels with another secret formula. And, I figured out his Levels in 2010.- http://www.forexfactory.com/showthread.php?t=234177

Open up your eyes people. FOREX is KNOWN for CROOKS-->>

Just like WisdomFX -http://www.forexfactory.com/wisdomfx
who had multiple user names to keep his scam afloat for more than a year, I am not surprised that there are other members that SUPPORT this commercial thread...


BTW- I'm not looking for respect from others -

I'm only making a point... I did not JUST POST 1 CHART OF EURUSD, but ALL the PAIRS that were shared on this thread including USDCAD.

THE LEVELS MATCH - give or take spread.. lol

Will the levels match in the future, after the fact that I have shared publicly the indicator that displays the same CALCULATED LEVELS????? Well if I'm the scammer, I'll fudge the numbers a little to ensure it doesn't look so.. wouldn't you? However, since the methodology behind Market Profile works wonderfully, I'm sure the levels will be close!
  • #491
  • Mar 28, 2011 1:40am Mar 28, 2011 1:40am
Good morning Andrew. The daily levels for today appear to be the same as last Friday. Cheers.
  • #492
  • Mar 28, 2011 4:04am Mar 28, 2011 4:04am
Quoting orientos
Good morning Andrew. The daily levels for today appear to be the same as last Friday. Cheers.
Hi orientos,

Please accept our apologies.

The clock change caught us.

This one will not happen again.

You should have the correct numbers now by email.

Andrew
Attached Image
  • #493
  • Mar 28, 2011 4:08am Mar 28, 2011 4:08am
Quoting jaimeca
What chart time frame is your Fisher on?
Hi jaimeca,

EU 30m.

Andrew
Attached Image
  • #494
  • Mar 28, 2011 8:10am Mar 28, 2011 8:10am
It seems that Fisher is a repainter.
  • #495
  • Mar 28, 2011 10:25am Mar 28, 2011 10:25am
Hello Andrew,

just a short question about your lines - going through your charts I notice regular lines and then dashed lines in the same color.

Are the dashed lines older lines, e.g. from last week or a few days back ? Just wondering, because if I use them plus my own round number levels I don`t want to get confused.

Thanks.

___________
michael
Be like water.
  • #496
  • Edited 11:42am Mar 28, 2011 10:57am | Edited 11:42am
first, it is not just 5 or 6 pips. in some cases the level is completely unmatched. In other cases it is way off. Secondly, As you know FMRL weekly numbers are published Sunday night (all the numbers) for the upcoming week. The market profile indicator calculates each level for each day . Eg; Monday creates one level, Tuesday creates another level, Wednesday creates another level. For FMRL to benefit from more than the previous week's POC numbers they would have to wait till Friday for all days to expire. Many of the good matches are generated by the current week. On the monthly numbers they would have to wait even longer.

Everyone is entitled to their opinion , even an obtrusive individual such as yourself. But you are not entitled to your own facts.

Quoting Ipndasno
Respect for Scammers?
Are you joking me?
Why should I or any other person have respect for anyone that takes advantage of others, whether new or experienced traders?

Calculated levels. Ok. POC +/- AHR(average hourly range) as a cushion.

Considering the ADR in Major pairs, a slight deviation wouldn't affect results much.

So if Market Profile can give you a potential level within oh 5 pips and the objective is 50-100 pips, the slight deviation from using market Profile POC instead on your calculated levels, then POC will...
  • #497
  • Mar 28, 2011 12:34pm Mar 28, 2011 12:34pm
Quoting guibernaua
It seems that Fisher is a repainter.
Hi guibernaua,


Yes, all the Fisher indicators we looked at repaint.

They repaint the colour of one, two or three previous lines.

Fisher also changes the relative size of previous lines as it goes along.

It's no good for anticipating reversals as previous lines can just get bigger.

The simple Fisher we included doesn't pretend to show developing trends.

Despite the repainting, Fisher does help avoid trading in the wrong direction.

Can you suggest something better?

Andrew
Attached Image
  • #498
  • Mar 28, 2011 12:39pm Mar 28, 2011 12:39pm
Quoting msmarple
Hello Andrew,

just a short question about your lines - going through your charts I notice regular lines and then dashed lines in the same color.

Are the dashed lines older lines, e.g. from last week or a few days back ? Just wondering, because if I use them plus my own round number levels I don`t want to get confused.

Thanks.

___________
michael
Hi michael,

They are pivotal lines. Three of them.

One each set at the start of the month, week and day.

The dashes are just a convenience really,

Sorry if you found them confusing.

Andrew
Attached Image
  • #499
  • Mar 28, 2011 3:46pm Mar 28, 2011 3:46pm
Monday 28 March 2011

Below are five of todays charts showing FMRL & Fisher trades.

In the charts,

O=Open
C=Close.

Grey shading surrounds Fisher lines that may have been repainted.

MONTHLY FMRL numbers are published A MONTH IN ADVANCE
WEEKLY FMRL numbers are published A WEEK IN ADVANCE
DAILY FMRL numbers are published A DAY IN ADVANCE

FMRL numbers are only available to subscribers.


EURUSD

Attached Image (click to enlarge)
Click to Enlarge Name: EU.gif Size: 47 KB


GBPUSD

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


EURJPY

Attached Image (click to enlarge)
Click to Enlarge Name: EY.gif Size: 46 KB


USDJPY

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


USDCHF

Attached Image (click to enlarge)
Click to Enlarge Name: UCHF.gif Size: 41 KB
  • #500
  • Edited 4:08pm Mar 28, 2011 4:07pm | Edited 4:08pm
Are all of these 30min ?

Thanks, I subscribed to a test month, let`s see how it works out.

I really don`t care very much if the levels are derived from a MP indicator, pivot ranges or anything else.

I am involved in other businesses too and see this simply as a time saver.

And if I can make use of it, then it`s OK.

As bigpippin pointed out, the ability to read price action around these levels is what matters really.

With the tech trend moving from desktops to various mobile apps, I anyhow expect a growing market for secondary services, whether intraday levels, alert functions or other chart/ indicator based alarms.

Good trading to all.


______________
michael
Be like water.
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