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FOREX Market Reversal Levels

  • #661
  • Jun 19, 2011 3:59pm Jun 19, 2011 3:59pm
Quoting Andrewkin
Wednesday 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...
Hi Andrewkin,

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
  • #662
  • Jun 20, 2011 1:55pm Jun 20, 2011 1:55pm
Quoting folio
Hi Andrewkin,

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
Hi Folio,

I'm sure it's a good question although I don't understand it.

Andrew
Attached Image
  • #663
  • Jun 20, 2011 1:57pm Jun 20, 2011 1:57pm
Monday 20 June 2011 - 490 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 - 140 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EU.gif Size: 22 KB


GBPUSD - 110 pips

Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 21 KB


EURJPY - 140 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EY.gif Size: 21 KB


USDJPY

Attached Image (click to enlarge)
Click to Enlarge Name: UY.gif Size: 23 KB


USDCHF - 100 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UCHF.gif Size: 20 KB
  • #664
  • Jun 20, 2011 3:52pm Jun 20, 2011 3:52pm
Quoting Andrewkin
Hi Folio,

I'm sure it's a good question although I don't understand it.

Andrew
Attachment
Hi Andrew,

Sorry for my english.I rephrase my question.Regarding EURUSD (and even GBPUSD) chart from 15 june 2011, you have the Daily levels +4,+3, +2, +1, 0, -1,-2,-3,-4.
These levels are support, resistance or reverse.
This means that the price stops at one (or arround) of these levels.We see that in this case the price far exceeded the last level Daily -4.My question is whether the levels are correct or not?
Is a normal situation or is an exception?
These levels can withstand a fall or rise of 300-500 pips in a day?

Best regards,

Folio
  • #665
  • Jun 21, 2011 10:41am Jun 21, 2011 10:41am
Quoting folio
Hi Andrew,

Sorry for my english.I rephrase my question.Regarding EURUSD (and even GBPUSD) chart from 15 june 2011, you have the Daily levels +4,+3, +2, +1, 0, -1,-2,-3,-4.
These levels are support, resistance or reverse.
This means that the price stops at one (or arround) of these levels.We see that in this case the price far exceeded the last level Daily -4.My question is whether the levels are correct or not?
Is a normal situation or is an exception?
These levels can withstand a fall or rise of 300-500 pips...
Hi Folio,

No need to apologise for your English which is very good.

Now I understand.

Only the market manipulators know where price will stick or reverse.

Our numbers are probably the best guides currently available.

Even so you must use them with care, never with faith.

Good luck with your trading.

Andrew
Attached Image
  • #666
  • Jun 21, 2011 12:35pm Jun 21, 2011 12:35pm
Quoting Andrewkin
Hi Folio,

No need to apologise for your English which is very good.

Now I understand.

Only the market manipulators know where price will stick or reverse.

Our numbers are probably the best guides currently available.

Even so you must use them with care, never with faith.

Good luck with your trading.

Andrew
Attachment

Hi Andrew,

Thanks for your answer diplomatically.
I expect an answer to:
-Is a normal situation or is an exception?
-These levels can withstand a fall or rise of 300-500 pips in a day?

However, if "Only the market manipulators know where price will stick or reverse" in my opinion I think they know your levels and....

...."Carlsberg-probably the best beer in the world"

Best regards,

Folio
  • #667
  • Jun 22, 2011 1:49am Jun 22, 2011 1:49am
Tuesday 21 June 2011 - 200 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 - 50 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EU.gif Size: 22 KB


GBPUSD - 60 pips

Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 24 KB


EURJPY - 70 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EY.gif Size: 22 KB


USDJPY

Attached Image (click to enlarge)
Click to Enlarge Name: UY.gif Size: 24 KB


USDCHF - 20 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UCHF.gif Size: 21 KB
  • #668
  • Jun 22, 2011 2:19pm Jun 22, 2011 2:19pm
Wednesday 22 June 2011 - 270 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

Attached Image (click to enlarge)
Click to Enlarge Name: EU.gif Size: 24 KB


GBPUSD - 70 pips

Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 19 KB


EURJPY - 30 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EY.gif Size: 23 KB


USDJPY - 30 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UY.gif Size: 22 KB


USDCHF - 70 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UCHF.gif Size: 19 KB
  • #669
  • Jun 22, 2011 3:17pm Jun 22, 2011 3:17pm
anyone found the strategy behind all this? i dont think so

it is based on the abonacci calc's

daily close - weekly close - monthly close are the keypoints!
enjoy
  • #670
  • Jun 23, 2011 2:08pm Jun 23, 2011 2:08pm
Thursday 23 June 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 - 140 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EU.gif Size: 18 KB


GBPUSD - 100 pips

Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 18 KB


EURJPY - 80 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EY.gif Size: 19 KB


USDJPY - 40 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UY.gif Size: 20 KB


USDCHF - 70 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UCHF.gif Size: 20 KB
  • #671
  • Jun 25, 2011 1:04am Jun 25, 2011 1:04am
Friday 24 June 2011 - 480 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 - 110 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EU.gif Size: 21 KB


GBPUSD - 150 pips

Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 22 KB


EURJPY - 100 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EY.gif Size: 22 KB


USDJPY - 40 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UY.gif Size: 22 KB


USDCHF - 80 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UCHF.gif Size: 21 KB
  • #672
  • Jun 26, 2011 4:24pm Jun 26, 2011 4:24pm
Well the lines are good. But, is there a way to find out where the price would move while near the FRML lines? I guess we can. SR lines are important and help us determine if to go long or short here. Just need some indi(not many prefer) which shows the strength of the market.

May be if the strength is not much it may not be able to break the line and move up if was an uptrend but perhaps break-and-continue if it was a stronger move(at that point in time) in the trend. Right? Now is that momentum / volume indicator?
  • #673
  • Jun 27, 2011 3:53am Jun 27, 2011 3:53am
Hi Guys, quite a while since I posted, But in relation to what you've asked' here goes..

This is where a little knowledge about VSA would be handy.

I would suggest you search for a volume based indicator, something like the bettervolume 1.4 Indicator and place this on your chart.

Another Indicator you could use is the support/Resistance by Barry.
http://www.forexfactory.com/showthread.php?p=3327868

How to use the S/R by barry:
If you are above an FMRL line and PA also is above the red Resitance (Wait for one complete candle to close above the Red Resistance)Go Long
If you are below an FMRL line and also below the blue support line (wait for one complete candle to close below the Blue support) Go Short

Regards
  • #674
  • Jun 27, 2011 5:00pm Jun 27, 2011 5:00pm
Monday 27 June 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 15m charts. Fisher setting is 32 periods.


EURUSD - 130 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EU.gif Size: 20 KB


GBPUSD - 100 pips

Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 23 KB


EURJPY - 110 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EY.gif Size: 20 KB


USDJPY - 50 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UY.gif Size: 20 KB


USDCHF - 80 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UCHF.gif Size: 22 KB
  • #675
  • Jun 28, 2011 2:01pm Jun 28, 2011 2:01pm
Tuesday 28 June 2011 - 440 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 - 110 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EU.gif Size: 20 KB


GBPUSD - 100 pips

Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 22 KB


EURJPY - 130 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EY.gif Size: 19 KB


USDJPY - 40 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UY.gif Size: 20 KB


USDCHF - 60 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UCHF.gif Size: 20 KB
  • #676
  • Jun 29, 2011 2:44am Jun 29, 2011 2:44am
hard pippin - many thanks for your post. It's always nice to get a little help from someone like you. Cheers.
  • #677
  • Jun 29, 2011 10:47am Jun 29, 2011 10:47am
Thanks hardpippin, That was a great help...
BTW I have something to discuss, but may be not here. Anyway to contact you? May be your gmail id?
  • #678
  • Jun 29, 2011 4:40pm Jun 29, 2011 4:40pm
Wednesday 29 June 2011 - 380 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

Attached Image (click to enlarge)
Click to Enlarge Name: EU.gif Size: 22 KB


GBPUSD - 40 pips

Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 22 KB


EURJPY - 140 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EY.gif Size: 20 KB


USDJPY - 50 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UY.gif Size: 21 KB


USDCHF - 50 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UCHF.gif Size: 20 KB
  • #679
  • Jun 30, 2011 1:40pm Jun 30, 2011 1:40pm
Thursday 30 June 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 - 70 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EU.gif Size: 19 KB


GBPUSD - 160 pips

Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 21 KB


EURJPY - 40 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EY.gif Size: 20 KB


USDJPY - 60 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UY.gif Size: 20 KB


USDCHF - 100 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UCHF.gif Size: 18 KB
  • #680
  • Jul 2, 2011 5:05am Jul 2, 2011 5:05am
Friday 1 July 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 - 110 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EU.gif Size: 24 KB


GBPUSD - 150 pips

Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 24 KB


EURJPY - 40 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EY.gif Size: 21 KB


USDJPY - 30 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UY.gif Size: 22 KB


USDCHF - 80 pips

Attached Image (click to enlarge)
Click to Enlarge Name: UCHF.gif Size: 20 KB
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