Reversal Trading System - page 44

[kiwigold]

55 Ema

lio:
Quote:

The channel is 55 EMA with fibonacci levels

13,21,34,55,89,144,233,377

please show me how do you make 55 ema.

In the indicator folder (not the custom indicator folder, but the one that comes with the software MT4) -- look for Moving Average

Open it -- choose Value 55, Expontential (this is an EMA - Expontential Moving Average) --

Choose the color and width you want.

Go to the levels tab on this indicator and add levels

13,21,34,55,89,144,233,377

then

-13, -21, -34, -55, -89, -144, -233, -377.

Save and you have it

[kiwigold]

Optional System from Kaveh

Kaveh asked me to post this chart today

He will be posting a document explaining this optional system which can be used in slow markets

All the best and have a nice weekend !!

[increase]

european:
Is it possible to make an indicator or put some code into an existing indicator like Fibo, that will calculate & show 'BUY/SELL ZONES' ?

Excellent recap of How To Find the Zone --

Thanks Fet0r

Fet0r: first you look for trend

determine it, if its up or down (from previous day)

now lets say trend is up like today

you take yesterday's us session high,

thats our SELL zone (1,2640-50)

now with buy zone, its more complicated

you take yesterday's US session low

and Asia's session LOW

Fet0r: substract asia low from us low

in our example its:

1,2592 - 1,2532

thats 60 pips, you devide by 2 this number

get half of it (30 pips today) and add it to yesterday's US session low

thats our BUY zone

its a bit complicated, but not hard if you practice on it a bit

So we get BUY zone = 1,2562 and SELL zone at 1,2650

Has anybody had time to do this Yet? please, please

[Erman Ardianto]

increase:
Excellent recap of How To Find the Zone --

Thanks Fet0r

Fet0r: first you look for trend

determine it, if its up or down (from previous day)

now lets say trend is up like today

you take yesterday's us session high,

thats our SELL zone (1,2640-50)

now with buy zone, its more complicated

you take yesterday's US session low

and Asia's session LOW

Fet0r: substract asia low from us low

in our example its:

1,2592 - 1,2532

thats 60 pips, you devide by 2 this number

get half of it (30 pips today) and add it to yesterday's US session low

thats our BUY zone

its a bit complicated, but not hard if you practice on it a bit

So we get BUY zone = 1,2562 and SELL zone at 1,2650

Has anybody had time to do this Yet? please, please

One more thing, if if there's a big move yesterday, for example eur sharply down to 2532 from 2610 (so we have a strong resistance at 2532), then our buy zone is 2532-10 = 2522. Kaveh was explain it on chat room, but I'm not pretty sure. Is it right Kaveh?

[increase]

Devil2000:
One more thing, if if there's a big move yesterday, for example eur sharply down to 2532 from 2610 (so we have a strong resistance at 2532), then our buy zone is 2532-10 = 2522. Kaveh was explain it on chat room, but I'm not pretty sure. Is it right Kaveh?

Oh OK thanks but I was really asking if there was an indicator available that calculates these Daily levels or if not, if someone could do one?

[lio]

many thank Kiwigold

[svirgo]

Template

Hi Kiwigold,

Would you please post your template.

Thanks

[kaveh]

Devil2000:
One more thing, if if there's a big move yesterday, for example eur sharply down to 2532 from 2610 (so we have a strong resistance at 2532), then our buy zone is 2532-10 = 2522. Kaveh was explain it on chat room, but I'm not pretty sure. Is it right Kaveh?

Hi

%61.8 (1.2865-1.2479)=1.2630 here is buyzone and markets bounce from

this level very nice .

1.2630 is very strong level for lower if eur break this on monday az i told to

room 1.2450 my next target.

and if bounce from this level (1.2630) my next target is 1.2770(%23.6)

Kaveh

[kaveh]

Hi

Please see chart too.

Kaveh

[kaveh]

Hi

For GOLD postions see this charts too

BUY ZONE=$658.00 (%61.8) IF GOLD bounce at $658.00 my target for GOLD

6/8=$688.00

Only this trend revers that Fisher indicator break 1.7.

Kaveh