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Using WM/Reuters Benchmark Rates in trading

  • #141
  • Feb 13, 2015 1:02am Feb 13, 2015 1:02am
GN sorry to worry u , I dont have your Fibonacci indicator , Please send me an indicator Please , Mine and yours are not the same
  • #142
  • Feb 13, 2015 1:32am Feb 13, 2015 1:32am
Quoting terminator12
GN sorry to worry u , I dont have your Fibonacci indicator , Please send me an indicator Please , Mine and yours are not the same
There is no indicator.
  • #143
  • Feb 13, 2015 1:34am Feb 13, 2015 1:34am
EURUSD 15M Chart.

We can see that tonight's move has topped at 85.4 to the pip and is retracing.

Easy. WM/Reuter Benchmarks as Fibs clearly show that 85.4% levels and 38.2/61.8 levels are strong levels that price reacts at.
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  • #144
  • Feb 13, 2015 1:38am Feb 13, 2015 1:38am
USDCAD Update with WM/R Benchmarks as Fibs.
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  • #145
  • Feb 13, 2015 1:43am Feb 13, 2015 1:43am
Quoting terminator12
GN sorry to worry u , I dont have your Fibonacci indicator , Please send me an indicator Please , Mine and yours are not the same

You have to draw standard fib on the chart.
Then go to objects list.
Go to Fib and push edit button.
Here you can add and delete levels.
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  • #146
  • Feb 13, 2015 1:46am Feb 13, 2015 1:46am
I stil don't get it where you get WM/R Benchmarks
  • #147
  • Feb 13, 2015 2:00am Feb 13, 2015 2:00am
Quoting airmac
I stil don't get it where you get WM/R Benchmarks
http://www.wmcompany.com/wmr/Partners/Vendors/index.htm

If you can afford to pay hundreds of dollars you can get it from those vendors.

Most Universities have the Datastream database which you can use to access the rates for free if you are a student. I had a friend get them for me.

I've provided the Benchmarks for the majors in the first post. Use them.
  • #148
  • Feb 13, 2015 2:04am Feb 13, 2015 2:04am
Quoting GreatNorth
{quote} Updated chart. Price is consolidating at 14.6% level! {image}
I am asking once again. Would you please tell the 100 and 0 levels for this chart ?Thanks
  • #149
  • Feb 13, 2015 2:05am Feb 13, 2015 2:05am
Quoting Rockerzeus
{quote} I am asking once again. Would you please tell the 100 and 0 levels for this chart ?Thanks
For USDJPY

111.605 was the first Benchmark recorded on December 31, 1993
The swing low Benchmark was 81.08 sometime in April 1995.
  • #150
  • Feb 13, 2015 2:08am Feb 13, 2015 2:08am
Quoting GreatNorth
{quote} For USDJPY 111.605 and 81.08 Then fibs within those fibs.
I know those numbers , I am asking for that particular chart. Especially 100 level and how did you find it is my concern. Thanks.
  • #151
  • Feb 13, 2015 2:13am Feb 13, 2015 2:13am
Quoting Rockerzeus
{quote} I know those numbers , I am asking for that particular chart. Especially 100 level and how did you find it is my concern. Thanks.
I'm including the larger chart. So you can see where the levels came from.
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  • #152
  • Feb 13, 2015 2:16am Feb 13, 2015 2:16am
Thank You for starting this thread GreatNorth.

I like fibs and it makes for interesting reading what you have here.

Would you have a chart of the GBP USD handy to post?

Subscribed!
Healthy, Wealthy & Steady!!
  • #153
  • Feb 13, 2015 2:22am Feb 13, 2015 2:22am
Quoting msiamd
{quote} You have to draw standard fib on the chart. Then go to objects list. Go to Fib and push edit button. Here you can add and delete levels. {image}

Yeah and add %$ to see the value displayed.
  • #154
  • Feb 13, 2015 2:23am Feb 13, 2015 2:23am
Quoting GreatNorth
{quote} I'm including the larger chart. So you can see where the levels came from. {image}
So there is a mistake in your post than. It is not consolidating within 84.5 to 14.6 its consolidating within 114.6 to 100 level of main 123.6 to 114.6 fibs of 111.605 and 81.08
  • #155
  • Feb 13, 2015 2:32am Feb 13, 2015 2:32am
Quoting SunnyFx2002
Thank You for starting this thread GreatNorth. I like fibs and it makes for interesting reading what you have here. Would you have a chart of the GBP USD handy to post? Subscribed!
Charts for GBPUSD:

Monthy
Weekly
Daily
Hourly
Attached Image(s) (click to enlarge)
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  • #156
  • Feb 13, 2015 2:33am Feb 13, 2015 2:33am
Quoting Rockerzeus
{quote} So there is a mistake in your post than. It is not consolidating within 84.5 to 14.6 its consolidating within 114.6 to 100 level of main 123.6 to 114.6 fibs of 111.605 and 81.08
Yes, but I was referring to the Fibs within those fibs.
  • #157
  • Feb 13, 2015 2:44am Feb 13, 2015 2:44am
Quoting GreatNorth
{quote} Yes, but I was referring to the Fibs within those fibs.
Ok Thanks for reply.
I thought you calculate main fibs according to benchmarks with up and down extensions, but you do not calculate up and down extensions for main up and down extensions part. And now I see you do use up and down extensions of main extensions. I think this makes things more complicated and can not be ruled out easily as trading system. I ll check time to time to see progress how this method evolves.GL
  • #158
  • Feb 13, 2015 2:47am Feb 13, 2015 2:47am
Quoting Pharm0r
{quote} I understand that- and I have nothing against that at all. But- to claim that the professionals use this, without definitive proof, is no different than claiming professionals use the star's alignment or GANN dates to trade. What makes you so sure this is the way? and again- have you traded it?

I would have asked the same but the information looks pretty neat and should help those who like it. I don't see why you are too keen to make the sharer feel like it is useless.
  • #159
  • Feb 13, 2015 2:54am Feb 13, 2015 2:54am
Quoting GreatNorth
{quote} Charts for GBPUSD: Monthy Weekly Daily Hourly {image} {image} {image} {image}
Excellent TY. I went back to the 1st post and got some numbers as well.

Now it's up to the individual trader to use how we know to trade and see if this is something that works for us.

Healthy, Wealthy & Steady!!
  • #160
  • Feb 13, 2015 5:57am Feb 13, 2015 5:57am
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