FOREX Market Reversal Levels

Hi Guys and ladies,
As predicted, here is the result of the call I made on Friday from my previous post. No brainer when you know what yo look for.

http://img813.imageshack.us/img813/9900/smove.png (http://img813.imageshack.us/i/smove.png/)

Uploaded with ImageShack.us (http://imageshack.us)
:-)

Thanks, I took some of that move due to your early pointing to this stack of buy orders. They had to be taken out some time, I didn`t expect it to be that fierce & quick....

Great !



_______________
michael

Hi Hardpippin,

Brilliant. Seems like a big brainer to me.

Thanks for sharing your extraordinary skill.

Andrew

Monday 18 April 2011 - 1,150 pips on five pairs


FMRL accurate resistance, support and reversal levels

Below are five of yesterday's charts showing FMRL & Fisher.

They are 15m charts and Fisher indicator setting is 32 periods.

The FMRL & Fisher method is explained in the first post.

We hope it will help some novice traders start positively.

Our own system is private and used to trade for one client.

FMRL numbers are the only part of our system we can share.

FMRL numbers are available to subscribers.

To subscribe see the first post in this thread.


EURUSD - 280 pips



GBPUSD - 280 pips



EURJPY - 300 pips



USDJPY - 120 pips



USDCHF - 170 pips

Tuesday 19 April 2011 - 280 pips on five pairs


FMRL accurate resistance, support and reversal levels

Below are five of yesterday's charts showing FMRL & Fisher.

They are 15m charts and Fisher indicator setting is 32 periods.

The simple FMRL & Fisher method is explained in the first post.

We hope it will help some novice traders start positively.

Our own system is private and used to trade for one client.

FMRL numbers are the only part of our system we can share.

FMRL numbers are available to subscribers.

To subscribe see the first post in this thread.


EURUSD - 100 pips



GBPUSD - 100 pips



EURJPY - 50 pips



USDJPY



USDCHF - 30 pips

Wednesday 20 April 2011

Not claiming results - the continuing USD plunge makes everyone a winner.

FMRL accurate resistance, support and reversal levels

Below are five of yesterday's charts showing FMRL & Fisher.

They are 15m charts and Fisher indicator setting is 32 periods.

The simple FMRL & Fisher method is explained in the first post.

We hope it will help some novice traders start positively.

Our own system is private and used to trade for one client.

FMRL numbers are the only part of our system we can share.

FMRL numbers are available to subscribers.

To subscribe see the first post in this thread.


EURUSD



GBPUSD



EURJPY



USDJPY



USDCHF

Thursday 21 April 2011 - 660 pips on 5 pairs

FMRL numbers are used to put lines where we expect price direction to meet support, resistance or reverse.

They should be used in combination with price-action and seem to work best with the technical pairs.

An introduction to price-action can he found here (http://www.nysco.co.uk/Candlestick.zip).


FOREX trading is extremely risky and most people lose their money.


A simple trading method using FMRL and a Fisher indicator is offered in the first post.

We hope it will help some novice traders start positively.


FMRL numbers are available by subscription here (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=EL6M8ARFNNNUA).

The first month is FREE and you can unsubscriber any time here (https://www.paypal.com/cgi-bin/webscr?cmd=_subscr-find&alias=WWV5GDLDB3D6C).


Below are five of yesterday's charts. They are 15m charts. Fisher setting is 32 periods.

EURUSD - 160 pips



GBPUSD - 200 pips



EURJPY - 110 pips



USDJPY - 80 pips



USDCHF - 110 pips

Easter Monday 25 April 2011 - 430 pips on 5 pairs


FMRL accurate resistance, support and reversal levels

Below are five of today's charts showing FMRL & Fisher.

They are 15m charts and Fisher indicator setting is 32 periods.


The simple FMRL & Fisher method is explained in the first post.

We hope it will help some novice traders start positively.


FMRL numbers are available to subscribers.

To subscribe see the first post in this thread.


EURUSD - 120 pips



GBPUSD - 70 pips



EURJPY - 100 pips



USDJPY - 60 pips



USDCHF - 80 pips

Tuesday 26 April 2011 - 640 pips on 5 pairs


FMRL accurate resistance, support and reversal levels

Below are five of today's charts showing FMRL & Fisher.

They are 15m charts and Fisher indicator setting is 32 periods.


The simple FMRL & Fisher method is explained in the first post.

We hope it will help some novice traders start positively.


FMRL numbers are available to subscribers.

To subscribe see the first post in this thread.


EURUSD - 150 pips



GBPUSD - 140 pips



EURJPY - 150 pips



USDJPY - 80 pips



USDCHF - 120 pips

Wednesday 27 April 2011 - 540 pips on 5 pairs

FMRL numbers are used to put lines where we expect price direction to meet support, resistance or reverse.

They should be used in combination with price-action and seem to work best with the technical pairs.

An introduction to price-action can he found here (http://www.nysco.co.uk/Candlestick.zip).


FOREX trading is extremely risky and most people lose their money.


A simple trading method using FMRL and a Fisher indicator is offered in the first post.

We hope it will help some novice traders start positively.


FMRL numbers are available by subscription here (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=EL6M8ARFNNNUA).

The first month is FREE and you can unsubscriber any time here (https://www.paypal.com/cgi-bin/webscr?cmd=_subscr-find&alias=WWV5GDLDB3D6C).


Below are five of yesterday's charts. They are 15m charts. Fisher setting is 32 periods.


EURUSD - 70 pips



GBPUSD - 90 pips



EURJPY - 140 pips



USDJPY - 150 pips



USDCHF - 90 pips

Trading with FMRL and Fisher

The Fisher transformation algorithm (http://en.wikipedia.org/wiki/Fisher_transformation) seems to work quite nicely alongside FMRL.

The two could probably work quite profitably together.

Maybe using simple rules like these.

 

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

Please Notice

We do not regard ourselves as traders. We are mathematicians.

We do not use this method.

The system we use was specifically created for a financial institution.

It grew out of a system we built for the intelligence community.

We use the FMRL lines together with two other home-grown indicators.

They tell us what is likely to happen in advance from price-action alone.

We only trade mathematically cointegrated baskets of currencies.

We do not trade single pairs at all. And it’s all automated.

FMRL numbers are the only part of our system we are allowed to share.

So our experience does not directly map onto conventional trading.

However we believe that minimizing losses is the secret of success.

That’s how we arrived at the simple FMRL and Fisher method.

We believe the FMRL lines are the best markers in the market.

The Fisher is as good as any other backwards looking indicator.

One of our subscribers is working on an EA to automate this method.

We hope FMRL contributes to your trading success.

Andrew

Friday 29 April 2011 - 370 pips on 5 pairs

No post Thursday as was in London at a wedding.

FMRL numbers are used to put lines where we expect price direction to meet support, resistance or reverse.

They should be used in combination with price-action and seem to work best with the technical pairs.

An introduction to price-action can he found here (http://www.nysco.co.uk/Candlestick.zip).


FOREX trading is extremely risky and most people lose their money.


A simple trading method using FMRL and a Fisher indicator is offered in the first post.

We hope it will help some novice traders start positively.


FMRL numbers are available by subscription here (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=EL6M8ARFNNNUA).

The first month is FREE and you can unsubscriber any time here (https://www.paypal.com/cgi-bin/webscr?cmd=_subscr-find&alias=WWV5GDLDB3D6C).


Below are five of yesterday's charts. They are 15m charts. Fisher setting is 32 periods.


EURUSD - 60 pips



GBPUSD - 100 pips



EURJPY - 80 pips



USDJPY - 80 pips



USDCHF - 50 pips

Quantum entanglement may change everything.

Entangled pairs of quanta behaving like a single entity.

Any change to one side happens to the other instantly.

However far apart they are from each other.

Our understanding of time and space may be wrong?

We’ll know soon as scientists are fabricating them.

Making bigger things out of tiny entangled pairs.

Binary-unary reminds us of trading FOREX.

Wonder if it will it be IBM or Pfizer taking the spread?

Hello all

Sorry for the long absence - been away taking some "winter sun". As you know, old dogs need a bit of sun on their backs from time to time to keep the old bones moving!

I had quite a useful "enforced absence" from trading. Mrs OD put her foot (paw?) down firmly and banned me from taking my laptop, but I snuk it into my hand luggage at the last minute. However, she was on to me and snuk it out just before we left http://cdn.forexfactory.com/images/s..._the_floor.gif.

Without the distraction of the screen, I had time to really think through some things...

Firstly, there is no doubt that these FMRL lines are damned good. If the market turns, it generally turns at or near one of these lines. But that is a big "IF". How do we know what to do - buy/sell/hold/close...????

I have always used Price Action, but that requires a lot of experience and screen time, and even then is not 100% reliable. Of course, nothing is in trading, so I have always accepted the losses along with the wins.

But some recent posts on this thread by Hardpippin have really opened my old eyes - even after all my years in this game I think I am about the learn a new (and possibly, my last) trick.

Hardpippins insight really blows me away. On a number of occasions he has posted charts with a prediction of what will happen. And on almost every occassion it has unfolded just as he predicted 24 hours later.

YOU CAN'T FAKE THAT if you post your predictions in advance!

I am convinced that his kind of analysis is the key to really top trading performance here. I understand from one of his comments that he is looking at VSA (Volume Spread Analysis) about which there is an excellent thread in this forum.

I looked at VSA and I have to say, I am not convinced as the volume data is unreliable in Forex.

However, I have recently been looking at the "Price is Everything" thread and I am cautiously rather excited by what I see!

The confluence of FMRL and Supply/Demand zones seems to me to be very powerful indeed. I have taken half a dozen cautious trades like this and every one a winner thus far. Of course, that is nothing to write home to Mother about, but a good sign nonetheless.

It seems quite straightforward to identify the Supply/Demand zones using the clear rules in the thread. If these coincide with a FMRL line, it looks like a great combo signal and has the huge benefit of giving the DIRECTION to trade, which is what we are missing at the moment.

If you hit a big FMRL line and are running into clear Supply, you sell. If you are running into clear Demand, you buy. The area between the lines and the zones we should "own" as our profit area. If you hit a FMRL line and Supply/Demand are a long way away, ignore it.

While my "basket trading" is taking care of itself and controlling my margin nicely, I am going to focus on this new idea (new to me, anyway) almost exclusively.

I hope to have something useful to report in the not-too-distant future.

Very best regards,

Old Dog

Hey Old Dog,
Glad to have you back on board my good man.
Thought you'd deserted us. ;-)

It's nice when someone like yourself can come on board and give credit to what I've been saying all along.

There is no need for traders to keep spending tons of money on So called "Holy grail gimmick indicators and overpriced GURUS."

It's all here for the taking. Andrew has provided a great set of tools that me and you can vouch for. IT WORKS, and with the strategy I've laid down the option to become successfull is there for the taking. It took me nearly four years to work out that trading is 80% a mind game. The big boys are out to take your lunch money. You must start thinking how they think. They know where all the Fib lines, S/R lines, Harmonic Patterns, Stochastics over 20 or below 80 kind of strategies are and will continously use all these against the mis-informned.

Talking of VSA...There is room for it in forex, but I understand the volume that you see in my opinion is NOT to be fully trusted,as it is only a representation of your broker's platform and not the true volume.
I only use it a a rough guideline, but in the end It's price and market
behaviour patterns on my chart that I'm looking out for.

I'm in the process of incorporating a true ECN volume feed into my MT4 platform, but waiting for the vendor's programmer to come back from vacation. It's only good though if you understand Levell II Bid/Ask etc, so would'nt reccommend it for newbies untill you've done some homework.

Monday 2 May 2011 - 430 pips on 5 pairs


FMRL numbers are used to put lines where we expect price direction to meet support, resistance or reverse.

They should be used in combination with price-action and seem to work best with the technical pairs.

An introduction to price-action can he found here (http://www.nysco.co.uk/Candlestick.zip).


FOREX trading is extremely risky and most people lose their money.


A simple trading method using FMRL and a Fisher indicator is offered in the first post.

We hope it will help some novice traders start positively.


FMRL numbers are available by subscription here (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=EL6M8ARFNNNUA).

The first month is FREE and you can unsubscribe any time here (https://www.paypal.com/cgi-bin/webscr?cmd=_subscr-find&alias=WWV5GDLDB3D6C).


Below are five of today's charts. They are 15m charts. Fisher setting is 32 periods.


EURUSD - 130 pips



GBPUSD - 120 pips



EURJPY - 70 pips



USDJPY - 70 pips



USDCHF - 40 pips

Tuesday 3 May 2011 - 420 pips on 5 pairs


FMRL numbers are used to put lines where we expect price direction to meet support, resistance or reverse.

They should be used in combination with price-action and seem to work best with the technical pairs.

An introduction to price-action can he found here (http://www.nysco.co.uk/Candlestick.zip).


FOREX trading is extremely risky and most people lose their money.


A simple trading method using FMRL and a Fisher indicator is offered in the first post.

We hope it will help some novice traders start positively.


FMRL numbers are available by subscription here (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=EL6M8ARFNNNUA).

The first month is FREE and you can unsubscribe any time here (https://www.paypal.com/cgi-bin/webscr?cmd=_subscr-find&alias=WWV5GDLDB3D6C).


Below are five of today's charts. They are 15m charts. Fisher setting is 32 periods.


EURUSD - 90 pips



GBPUSD - 150 pips



EURJPY - 100 pips



USDJPY - 30 pips



USDCHF - 50 pips

Hi Old Dog,

Read your post with interest and look forward to hearing more about your ideas.

As you say, the FMRL lines are great, but the difficulty is what direction the price is going to go in, once a line has been hit?

Wednesday 4 May 2011 - 600 pips on 5 pairs


FMRL numbers are used to put lines where we expect price direction to meet support, resistance or reverse.

They should be used in combination with price-action and seem to work best with the technical pairs.

An introduction to price-action can he found here (http://www.nysco.co.uk/Candlestick.zip).


FOREX trading is extremely risky and most people lose their money.


A simple trading method using FMRL and a Fisher indicator is offered in the first post.

We hope it will help some novice traders start positively.


FMRL numbers are available by subscription here (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=EL6M8ARFNNNUA).

The first month is FREE and you can unsubscribe any time here (https://www.paypal.com/cgi-bin/webscr?cmd=_subscr-find&alias=WWV5GDLDB3D6C).


Below are five of today's charts. They are 15m charts. Fisher setting is 32 periods.


EURUSD - 180 pips



GBPUSD - 80 pips



EURJPY - 200 pips



USDJPY - 40 pips



USDCHF - 100 pips

Anyone else having trouble inserting lines today, or is it just me?