FOREX Market Reversal Levels

Hello Andrewkin. i am watching this thread 4 a long time... i like ur so called "Millionaire Numbers".. everyday u post that ur system made so many pips... can u post ur actual/demo screenshots of ur trading history so as to confirm that u are making so many pips... i am saying this bcos entering a trade and exiting r completely different ... when the day has passed its very easy 2 say that we made so n so pips...thanks

Hi IndianTiger,

Suggest you read through the thread. It's all there.

Andrew

Thursday 5 May 2011 - 920 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 - 300 pips



GBPUSD - 140 pips



EURJPY - 240 pips



USDJPY - 100 pips



USDCHF - 140 pips

I find your levels quite interesting. Just by eyeing them and looking at setups I have, they seem to correspond to *********.
Looking at Old Dogs calulations, I can see the similarity, buti think they correspond better to ****.

I know this thread is set to a black box formula but if you set a..******

EDIT: Sorry for the stars lads but after reading Trader x's thoughts I decided that it is better to not let the 'cat out of the bag' so to say.

Needless to say I do have a great deal of respect for your system. It certainly looks good and you must be respected for this peice of actuarial work. Are you one or many? I know you say we..dunno if you a referring to a royal we lol

Regards

Hi funlovinj,

No, nothing royal about us.

We are simply a group of mathematicians.

Our trading system grew out of a military project.

It has been developed specifically for one principal.

FMRL numbers are the only bit of the system we can share.

They are really most useful to experienced traders.

The simple system is intended to help novices.

Anyway, delighted if you find FMRL useful.

Andrew

Friday 6 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 yesterday's charts. They are 15m charts. Fisher setting is 32 periods.


EURUSD - 220 pips



GBPUSD - 150 pips



EURJPY - 100 pips



USDJPY - 20 pips



USDCHF - 110 pips

[quote=Old_Dog;4522242]Hello all,


So I am basically using H4/D1 charts only now, with the occasional peek at the ultra-high-speed H1 chart to refine entries. I am trying to go for the longer terms moves, and so I am basically interested in the Monthly and Weekly FMRL lines, particularly when you get a confluence. GBPJPY has moved up 500 pips or so the the confluence of Monthly(+1) and Weekly(+1) and stopped dead around 137.10.

Confluence of Weekly/Monthly is very powerful and is nearly always respected by the market to a pip or so.

Hi Old Dog,

As you quoted above, It's all about confluence for me when entering.
If you look at most of my charts, I've normally only taken my trades when I see this as a part of my set up (Hunt the previous order's buildup) kind of scenarios.

"Like you", I much prefer the confluence of the weekly and monthly Lines.
I know quite a few traders in here use the daily FMRL's but for me I see
too much noise around these levels. Thats my opinion only. I'm sure many scalpers are finding the Daily lines useful.

Hello all,

I am cautiously optimistic and frankly, downright excited! I had the best trading week last week for many months and made over 20% on my live account - all thanks to following the new idea on the EURUSD.

As I said last time, I am looking at how Supply/Demand levels (a la Hardpippin) coincide with the FMRL lines.

Getting the FMRL lines is easy - you just put them on the chart by hand (or use the excellent script posted in this thread). Identifying the Supply/Demand may be a little more difficult for newcomers.

So I have a small wheeze to assist in this task which is an excellent aid while learning. I am using the Market Profile indicator (available everywhere on the forums in a number of different variants to suit individual taste) to highlight levels where the market moved sideways before making up its mind. Please see attached chart.

It is pretty obvious just from drawing horizontal lines around each "bulge" on the MP histogram where the S/D levels are.

I won't block the thread with multiple charts, but remember that you need to do this on multiple timeframes!! There is no point going long at a Demand level on the M15 chart only to run slap bang into Supply on the H4 - you will get killed!

I am using Weekly and looking back 3 years (150 bars), Daily and looking back a year (252 bars), and so forth. The H1 chart is attached.

I identified the Supply zone at the top a while ago (just look at the Weekly going back 3 years and you will spot it immediately!!). So I waited for a break south and scaled in with 10 moderate sized short trades making up quite a substantial position.

The rest, as they say, is history. The market broke back towards the lower levels. I took some profits at the first zone and left the rest to run. I still have some positions open (proteced by some fairly prudent trailing stops) and fully expect to bag the last 100 or so pips early next week when it makes the inevitable return to Demand. Even if it retraces, I am "in for free" so can't complain!

Now for the icing on the cake!! Out of respect for Andrewkin and the folk who have paid to subscribe, I have not added the FMRL lines to the chart I posted.

But if you have the FMRL lines, set up a chart like mine and add them, in particular, the Weekly levels. The result is a thing of joy and beauty!!

I won't insult your intelligence and bang on because the whole thing will just leap out and hit you like a baseball bat when you see it.

So there it is - a rather good looking trading system. It may even be possible for the EA writers to code this up!!

One final point...

Please do yourselves a favour, especially if you are new to trading.

Look on your PC for the folder

../ProgramFiles/MetaTrader/experts/indicators

and DELETE everything you find there (except for possibly the MarketProfile.ex4 indicator and the tool for automatically adding the FMRL lines).

Sadly, you can't delete the internal indicators, but the point is, WHEN YOU SEE WHAT IS REALLY GOING ON AND YOU LEARN HOW TO TRADE, YOU DON'T NEED THE CRAP IN THE INDICATORS FOLDER.


Very best regards,

Old Dog

______________________


EDIT. Another tip!! Note that my candles are all the same colour (black). There is a good reason for this. Psychologically, it is very hard to push the SELL button when green candles are shooting UP the chart!! So get rid of the colour!!

Also, turn the wicks off. My candles are Open/Close only. True momentum is given by O/C and not H/L. You can always turn the wicks back on AFTER you have identified the S/D zones.

EDIT 2. Added MarketProfile indy!!

.

Thank you Andrew.
I didnt realise the military had a trading strategy but everyone has to earn money.
Its quite interseting that this is the only part of a proprietry system that you can use for commercial purposes outside of the MODs interests.
Im assuming therefore that the company which owns the subscription website has the copywrite to the code. Unless its already out there.

Anyway enough digging.

I think your system is quite good and I would difinatly subscribe if my current system goes bust.

Warmest regards

EDIT: I didnt realise OD was gonna post before me. Can you attach the market profile indicator or post the URL. I do have some market profile indicators, but none tht print like yours.
Many Thanks.

***Thanks OD***

Hey Old Dog,
Glad to see you're getting it.

I love it when a plan come's together!
hey hey hey..where have we heard that before?
"I aint getting on no Plane!"
;-)

Back to to business..

Been banging on how traders can make things alot easier for themselves if they just watch they psychology of the market move other than relying on those crappy indicators. I'm so glad there is someone else in here who has proved the strategy I've shown DOES work!
Nice one my friend!
:-)

Mondat 9 May 2011 - 470 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 30m charts. Fisher setting is 32 periods.


EURUSD - 120 pips



GBPUSD - 170 pips



EURJPY - 90 pips



USDJPY - 30 pips



USDCHF - 60 pips

hello andrew...i subscribed to your FMRL lines but not sure where to go to get them!.. LOL...i must of missed that part...can you direct me...thank you kindly...Robbin Banks
edit:...Ahhh i see now ..email! got it...question ??? i thought you guys were giving shorter TF FRML numbers ..was i mistaken? regards, RB

Hi Robbin Banks,

You don't seem to have subscribed.

When you do, by PayPal, you will get the links.

We provide monthly, weekly and daily FMRL numbers.

Andrew

Tuesday 10 May 2011 - 570 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 - 150 pips



GBPUSD - 100 pips



EURJPY - 150 pips



USDJPY - 50 pips



USDCHF - 120 pips

ok od..i did as you said...and the fmrl lines and MP confluemce is amazing...but how would one use that to trade..please explain...regards,RB

Wednesday 11 May 2011 - 820 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 - 200 pips



GBPUSD - 220 pips



EURJPY - 210 pips



USDJPY - 120 pips



USDCHF - 70 pips

Thursday 12 May 2011 - 410 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 - 100 pips



GBPUSD - 100 pips



EURJPY - 100 pips



USDJPY - 40 pips



USDCHF - 70 pips

Friday 13 May 2011 - 940 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 - 280 pips



GBPUSD - 140 pips



EURJPY - 270 pips



USDJPY - 70 pips



USDCHF - 180 pips

Old dog... good job... and for those that aren't exactly sure how to use some of the FMRL lines and trade them... Think of them as resistance and support lines |(duh obvious I know) and then add in a methodology such as VSA (have a look in the forums here, especially Shamus' thread on the subject) - there are also some indicators, oh i know indicators blah blah... but they will help you identify some of VSA's components...

Keep up the good work guys and Im sitting here in the background watching away...lol

TP

Monday 16 May 2011 - 300 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 - 70 pips



GBPUSD



EURJPY - 120 pips



USDJPY - 20 pips



USDCHF - 90 pips