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Using WM/Reuters Benchmark Rates in trading

  • #161
  • Feb 13, 2015 6:44am Feb 13, 2015 6:44am
Hi GreatNorth, great thread.
Is there a benchmark for Brent?
  • #162
  • Feb 13, 2015 10:05am Feb 13, 2015 10:05am
Update on the AUDUSD

5M Chart

We can see how using the WM/Reuters Benchmarks on fibs that price moves between 38.2 and 61.8 Fibonacci Rates.
Attached Image (click to enlarge)
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  • #163
  • Feb 13, 2015 10:29am Feb 13, 2015 10:29am
Quoting GreatNorth
Update on the AUDUSD 5M Chart We can see how using the WM/Reuters Benchmarks on fibs that price moves between 38.2 and 61.8 Fibonacci Rates. {image}
Hey nice going again GN really proficient circling the left side but where is it heading now ?
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #164
  • Feb 13, 2015 10:44am Feb 13, 2015 10:44am
Quoting Stu Effex
{quote} Hey nice going again GN really proficient circling the left side but where is it heading now ?
Thanks for signing in, reading the thread and posting your message.

Have a great day :-)
  • #165
  • Feb 13, 2015 10:45am Feb 13, 2015 10:45am
Quoting Hong Long
Hi GreatNorth, great thread. Is there a benchmark for Brent?
I do not have it for Brent.
  • #166
  • Feb 13, 2015 10:47am Feb 13, 2015 10:47am
Quoting GreatNorth
{quote} Hi, I'm glad this is helping fill in part of the puzzle. As for the calculations I calculate the levels as per the method below, which allows for the 76.4 and 14.6 levels. 61.8 is derived by dividing any number in the sequence by the number that immediately follows it. 38.2 ratio is found by dividing any number in the sequence by the number that is found two places to the right. 23.6 ratio is found by dividing any number in the sequence by the number that is three places to the right. 14.6 ratio is found by dividing any number in the sequence...
Thanks for additional info.. Makes sense.

Good trading to ya Sir !!

TSD
  • #167
  • Feb 13, 2015 11:36am Feb 13, 2015 11:36am
Hi Great North, It's very interesting thread.

I still learn about this benchmark.

Maybe you can also give benchmark for GEPPY, GBPCAD, Euro Aud also Gold?

Thanx
  • #168
  • Feb 13, 2015 11:42am Feb 13, 2015 11:42am
hi GN
Thanks for sharing
Great thread for me and others who had no idea these benchmarks even existed.
SC
  • #169
  • Feb 13, 2015 12:49pm Feb 13, 2015 12:49pm
Hello GN,

Thanks for the thread, its been really helpful.
Please have you got the benchmark for GBPAUD?

tnx.
  • #170
  • Feb 13, 2015 1:50pm Feb 13, 2015 1:50pm
Quoting silverheart
Hello GN, Thanks for the thread, its been really helpful. Please have you got the benchmark for GBPAUD? tnx.
December 30, 1964 was the START of the Benchmark and it was 2.505
October 28, 1976 was the Swing of the Benchmark at 1.2745

Charts Below.
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  • #171
  • Feb 13, 2015 2:10pm Feb 13, 2015 2:10pm
Thanks for the information!

Attached Image (click to enlarge)
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ReAl MoDe: ON
  • #172
  • Feb 13, 2015 2:53pm Feb 13, 2015 2:53pm
Thanks a million GN!!!!
  • #173
  • Feb 13, 2015 3:57pm Feb 13, 2015 3:57pm
Hello GN,

I must say a very big thank you, for this wonderful thread. Deeply appreciative of the bench mark for the GBPAUD.
I can understand the monthly chart, but got lost while looking at the weekly and daily charts. I would appreciate your reason behind the use of these values: 2.0349, 1.7445 and 1.5649 as swings, also I couldn't find the values for 0 and 100 on the hourly chart.
i would appreciate your assistance, as I trade mainly GBPAUD.

tnx S>H
  • #174
  • Feb 13, 2015 4:37pm Feb 13, 2015 4:37pm
Quoting wowzers
{quote} The fibonacci tools that come with MT4....
Thanks tons. I confess I'm kind of new to using all the stuff that comes with MT4. Cut my teeth on Trading Station ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #175
  • Feb 13, 2015 4:58pm Feb 13, 2015 4:58pm
Quoting silverheart
Hello GN, I must say a very big thank you, for this wonderful thread. Deeply appreciative of the bench mark for the GBPAUD. I can understand the monthly chart, but got lost while looking at the weekly and daily charts. I would appreciate your reason behind the use of these values: 2.0349, 1.7445 and 1.5649 as swings, also I couldn't find the values for 0 and 100 on the hourly chart. i would appreciate your assistance, as I trade mainly GBPAUD. tnx S>H
Those are levels within the Fibs.
  • #176
  • Feb 13, 2015 5:29pm Feb 13, 2015 5:29pm
Quoting adamcox
Load of rubbish. Fibs is a very minor tool. Datastream - who gives a shit. They have other TA indicators also - but so what. Reuters doesn't have a clue - they are just a data vendor that comes up with data and calcs. Look at Metastock - they have heaps of systems - none of them work!

Ya know.. I find it interesting. On almost every new thread here at FF, within the first few pages of the person who started the thread... gets trashed! Oh that's right .. " I'm not trashing the person .. Just the idea " .... Right ?? Only took 28 posts for this to happen here. Now I'm not saying GN is right or wrong.. But is this not a forum for the exchange of ideas..( the key word here is IDEA's ) I know that is a difficult concept for some to grasp...GN's idea may have merit or, it may not ??
And that's fine if you disagree with the method or idea. What I don't get is the need to trash it .. Quote: Load of rubbish. Fibs is a very minor tool. Datastream - who gives a shit....Dude !! ( I assume your a dude, maybe not? ) You probably don't even know this person. And your probably thinking your being constructive...Right???...lol !!

Of course will hear all the sanctimonious comments from adamcox about this and that,, blah, blah, blah.. yada, yada, yada once he reads this

Apparently adamcox is the expert.. So class we should all defer to him going forward .......... RIGHT ???

Attitude is everything in life.. Some have a good attitude and become very successful... Sadly many have a bad attitude and losers at everything they try. ( although they will tell you otherwise )

Hey adamcox .. Maybe this is not the business you should be looking to get involved in.. Obviously you do not have the right mind set for it.

TSD
  • #177
  • Feb 13, 2015 6:13pm Feb 13, 2015 6:13pm
Hello GN.
Thank you for sharing this thread. I want to understand well this method.
My understanding of this method is as follows:
1. Insert fibo at mountly chart (but I showed the daily chart because the numbers of WM / RBR appear in daily chart).
2. go to H1 : we insert fibo again.
3.go to M5 : we insert fibo again.
Am I right ? And where we place SL?
Thank you very much.

Regards,
Serina
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  • #178
  • Feb 13, 2015 6:50pm Feb 13, 2015 6:50pm
Quoting dkrock
{quote} Sorry, I see historical charts with price targets, or ... EXIT points ... all available for you to pick and choose from {GUESS}

Good luck convincing anyone this is a legitimate trading system. Guessing on exits does not make for good guessing on entries. Anyone can look backwards and show all the wanna, coulda, shoulda points.

It doesn't mean your analysis is incorrect. If you figure out how to use those lines in forward trading, then you could say it was "professional". I only say that because all the "professionals" trade like you Well, all the self-proclaimed position trading "professionals" that is. It's ancient, antique, and inconsistent. Best of Luck
Dk is 100% right on this. GN is subjective to mime and will most likely never know the truth. That's a good thing for us Dk..
  • #179
  • Feb 13, 2015 7:11pm Feb 13, 2015 7:11pm
I do appreciate your effort tho. Its just the topic title that annoys me. Just call the beast by its name.
  • #180
  • Feb 13, 2015 11:32pm Feb 13, 2015 11:32pm
I will only say this once and never again. You are Only 65% correct and there is still one key/major element missing.

Hope you every success in your discovery quest.....

GS.
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