DislikedWednesday 15 June 2011 - 670 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...Ignored
May I have a question regarding EURUSD chart(attach)? You say that the calculated "FMRL numbers are used to put lines where we expect price direction to meet support, resistance or reverse", and I saw (chart) that are 4 levels.In this special case, the Daily numbers are correct?Because the PA exceed the Daily-4.It's normal a similar situation?
Sorry if I disturb you with my stupid question.
Best regards,
Folio