Price Reflective Analytics

I'd like to discuss and share some systems I created with new and innovative ways to do fibonacci not widely used or recognized in day trading.

Lets have some fun, create interesting dialog, and entertain the aspects of fibonacci with price action and the daily open.

You can call me Merk for short.

I've been trading the forex to long to count and created many systems over the years, using every imaginable indicator, today at which point after discovering all them indicators awill get you into more trouble than good, I trade as close to price action as possible, with the help of fibonacci for support and resistance in ways not seen before.

The indicators, and templates i will share are a culmination of 1000's of hrs creating many good systems, and some not so good. The markets are not what they used to be, so I would like to share with anyone that feels the need to get into this area things I've created and learned over the years.

What comes next will be some sample shots of the tempaltes I will share with you, once downloaded we can begin some dialog and go into various un-conventional ways I like to do fibonacci, along with some more conventional for added confluence.

Fibonacci is god in trading, the problem is the market makers understand the basic conventional use of these sequences and for traders that rely on them more often that not will be in trouble.

so, I will post images first to get things going and hopefull attract some fibonacci lovers that believe it is the unversal language of all things, and can be manipulated to the obvious, but never taken away even by super conputers.

It's always there!

I have included one picture with a new way I discovered to do fibs, see if you can figure out what I did, to project the high for the aussie..=)

For you kiwi traders the top will be .8500!!!

Hi Merk.

Eagerly waiting for your post. Count me in!

I know alot are newbies, so P.R.A.1 and P.R.A1a, will be for newer traders and experienced alike.

P.R.A 2 and 2a will be for more experienced traders that prefer pure price action without alot of indicators.

Not that any of the systems have an abundance of indicators as you can see they are rather clean. I'd just like to make a note: the colored dots are NOT signals, they are there to inform you of the swings that have been made in the markets and possible bigger swings pending.

I know alot of you are familiar with semafore, so if this indicator confuses you more than it helps just eliminate.

Templates 2 and 2a make use of these dots, along with MTF fractals, I am a firm believer that higher time frame data on the current time frame will allow a trader to make better decisions.

I have fractals set up so that the 5 min has 60 min fractals, 15 min= 4hrs, 30-60 min = daily, 4hr weekly. Having fractals set up in this manor will provided you with the more relevant swings in the markets to do conventional fibonacci confluence.

Along with the higher time frame fractals, I have a trend line I created to reflect the preasure of the higher time frames as well, 5 min will have the current preasure, and 60 min preasure, the trendline will represent the bigger preasure in the markets.

With tempalte 2a, instead of using a preasure for the current time frame, I have a CCI ( one of the best CCI's ) to reflect price action in and out of the custom setting heiken ashi. It has a higher setting, than template 2 that uses for the current time frame the preasure indicator. One tends to filter more, but gets you in alittle later.

Also, I know some need to see the cycles, and have difficulties trading with a pure volume type of indicator. So, here are the templates, load the up and we'll start getting into ways I like to do fibonacci.

P.S. add 88.6 and 94.2 to your fib replacement tool.

For those of you intrigued or wondering what Merkabah means, I have posted a youtube and no, I am not jewish...lol I'm a white 47 male/chicago

Ok, here we go......

Loading the indicators....

Here are the remaing indicators.....

Any method not relying(or minimally relying)on lagging indicators is always welcome.I'm in,thanks for sharing.Price action,price action,price action.

Yes, most oscillators will get you into late and create false positives with the market makers being aware of these tools, which many are using, they become free food for them, we have to be aware of hidden support and resistance areas that is not easily seen by other traders.

Otherwise, we become the bate, once we take the hook we are caught in a bad situation. I try to create systems that reflect price action as much as possible making it more clear to see what is taking place in the markets, with support and resistance tools that I feel provide the best possible outcome for traders.

I know alot of price manipulations are in the markets today, so i am on a crusade to share what I know can possibly give traders a unique insight into what the markets are doing.

Over the weekend I will post samples of how I like to do fibonacci with the close of the first candle of the new up-coming 24 hrs of trading.

Hopefully will open some traders eyes to new possabilities using fibonacci..=)

here, are what I am seeing as the major tops and bottms, before serious dollar strength, next week, and for months to come.

1.8070 Aussie

.8500 Kiwi

1.6031 cable

.9079 Swissy

1.3224 Euro

im in

What makes you think there will be "serious dollar strength" for months to come?

Merkabah, I'm very interested, count me in!

Moderators should return this thread back into the "Trading Systems"! Does the topic-starter have to explain the whole system immediately, in the very first post? Doesn't the topic-starter have the right to manage his thread his way, take his time, at least a couple of days? Merkabah started this thread only 8 hours ago, for God's sake!

I share your same curiosity,looking forward for Merkabah to further explain his method.By the way,are you an italian spaghetti eater like me,Aldente?

Hi Merk,I've tried adding the two other numbers to the fib tool but do not show up .....any ideas?

Haha, YES! Absolutely love italian food. My first avatar was a big messy plate of spaghetti, but it looked kindof "weird" on a trading forum

I see politics are at work on this forum early, have'nt had the thread up 24 hrs and it has been moved, wonder where its going to be moved to, appears they have'nt quite decided. I guess we'll have to stay tuned and wait it out. I share trading systems, i don't know why they want to move it, hmmmm?

Oh, ok...I see where we're at, that's fine let them flex all they need to to make sure we are aware, as we all are....=)

Just wanted to make a quick note, some of you might not like the tan back ground, you can try dark gray or is it grey...lol, for the back ground works well, withot having to go to the trouble of all that color changing, I just am not a big fan of black, as it is a real hard strain on your eyes.

For thouse of you who have down loaded I hope you are liking so far what you are seeing, and to answer a question awhile back, with reguards to 88.6 and 94.2 add them as you would any other fib ratios on the tool, look to see how they have the decimals, make sure they are the same as others.

94.2 is a fib ratio when done convential style, the the banks love.

Sample it out on back testing and see for yourself how many times it gets respected, I was up late into the eurpean secession last night doing battle with the aussie and kiwi, so, will keep it short...

We currently are in a war zone with ranges, and very difficult right now, I expect this to change very soon, as the tops and bottom for the year is about this time.

I will start posting and demonstrating different ways you can use fibonacci to find areas of clonfluence in the markets to substantiate tradional areas, or just to locate and find support and resistance when those tradional means are not finding it, which happens alot today doing conventional fibs, and still price is in no mans land, but it has stopped, why is it there, what has cause price to stop at this juncture.

We'll look for those not so obvious areas or at least how to create them, when nothing else is locating them, I will start sharing over the weekend, gives you time to play around little with your new toys.

TTYL,

Merk

I know some of you want to get some tid bits on this new way of doing fibs and are chomping at the bit, at some point in time with loyal trader wanting to trade these systems, and fibonacci menthods, I am not opposed to doing alive room, where you can view and hear me in alive enviroment.

Provided you all are willing to kick in to creating alive room via whatever formatt is avaiable, but for now, this will suffice.

Here is a sample, which has a multitude of variations and I will disclose all thoise other variations, to allow you more skills at identifing support and resistance when everything else you been taught does'nt work.

You notice I don't use murrey math lines, pivots or any other common support and resistance indicators, while template 1 and 1a do have some forms of support and restance already by template default for newbies, they are some of the best I was able to find and complie.

Most of you pros out there, will probably not need them and prefer templates 2, 2a, or 1a as I sampling with here.

Everyone is different and not all will choose the same, but they ( templates ) are based upon the same data. Bigger tend information, within smaller time frames.

The candle formations, settings, and indicators are far better than anything that is out there traditionally, i.e. standard bars, candles, or heiken.

I think alot of you can already see this.

This alone will put you ahead of the pack, and provide some visual clarity without all the chaos and noise.

Confusion, is there nature, to mind f__k you, understand this...the min you are in doubt about a certain area, or entry, it's to late you physcologically screwed and they know this, so don't get caught with you pants down, might not be waht you looking for...lol

When, I say close bar acts as support 100% in the following example, I am not saying 100% of the time, rather has found support at a 100% pullback to the previous days open. Just to clarify!

more merkafibs for you viewing

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