Power levels trading

[joeytrader]

....

what are the top OI levels for Monday?

...

 

If I have downloaded the info correctly, and read the numbers correctly, I have the info like this:

 

Top OI for Calls are 2653, and 2558, giving Call calculations like this:

1.4552 (strike=1450, settle=0.0052, OI=2653: strike/1000+settle = 1450/1000 + 0.0052 = 1.4552)

1.4636 (strike=1460, settle=0.0036, OI=2558: strike/1000+settle = 1460/1000 + 0.0036 = 1.4636)

 

and top OI for Puts are 1069 and 1088, giving Put calculations like this:

1.3363 (strike=1340, settle=0.0037, OI=1069: strike/1000 - settle = 1340/1000 - 0.0037 = 1.3363)

1.3685 (strike=1380, settle=0.0115, OI=1088: strike/1000 - settle = 1380/1000 - 0.0115 = 1.3685)

 

As this is my first attempt in calculating these, anyone feel free to tell me if I have screwed up anywhere here.

[⭐ musketeer]

If I have downloaded the info correctly, and read the numbers correctly, I have the info like this:

 

Top OI for Calls are 2653, and 2558, giving Call calculations like this:

1.4552 (strike=1450, settle=0.0052, OI=2653: strike/1000+settle = 1450/1000 + 0.0052 = 1.4552)

1.4636 (strike=1460, settle=0.0036, OI=2558: strike/1000+settle = 1460/1000 + 0.0036 = 1.4636)

 

and top OI for Puts are 1069 and 1088, giving Put calculations like this:

1.3363 (strike=1340, settle=0.0037, OI=1069: strike/1000 - settle = 1340/1000 - 0.0037 = 1.3363)

1.3685 (strike=1380, settle=0.0115, OI=1088: strike/1000 - settle = 1380/1000 - 0.0115 = 1.3685)

 

As this is my first attempt in calculating these, anyone feel free to tell me if I have screwed up anywhere here.

 

I did not math anything but these levels are far from the current rate. So we do not know when they will approached, to be on Monday will be surprise

[sillykiddo]

Options level indicator from evolution site

 

http://trading-evolution.com/mt4-indicators/eVOLution-options.1.1.ex4

[sillykiddo]

guedesjunior25

could u tell us from which colum you get the montly OI data?

 

thanks

[joeytrader]

guedesjunior25

could u tell us from which colum you get the montly OI data?

 

thanks

 

Hi sillykiddo, I am not guedesjunior25, so do not qualify to answer for him. But in one of his post (post #74) answering a similar question from me, about daily OI column, he attached a link to a screen capture of spreadsheet

http://yfrog.com/jjcalculations2j

, and if I am reading this correctly, the monthly IO is the column to the right of daily IO. (I am just reading from the green highlighted column labels at the top of the screen capture).

[Lukeye]

Here is another video on you tube you want to have a look at

 

http://www.youtube.com/watch?v=4B33Y6G_maE

[joeytrader]

I did not math anything but these levels are far from the current rate. So we do not know when they will approached, to be on Monday will be surprise

 

Good observation.

 

Perhaps we can also calculate levels from those with lower IO? For example, if IO > 1000 only produce 2 levels from put, and 2 levels from call. I assume using a lower cut off point of IO to take our calculations will give us more level selections.

 

The levels may not be as "strong", but should have more levels to play with. For example, if we lower the IO requirement to be above 500 (from 1000 before), the qualified levels we have is now 3 (versus 2) for call, and 8 (versus 2) for put.

 

I guess as we refine this system, we will be doing some experimenting along the way.

[Lukeye]

Watching the video in my last post it looks like he drew about 20 lines.

Take your excel spreadsheet go to data / filter and autofilter .

Column I click on top ten, same for column S and you get 20 lines.

Calls

1.4228

1.4277

1.4335

1.4401

1.4473

1.4552

1.4636

1.4817

1.5007

1.5105

 

 

 

Just an idea .

Edited November 7, 2010 by Lukeye

[sillykiddo]

these are the call levels i got

 

Call Levels

1.4473

1.4228

1.5007

1.4552

1.4335

1.4104

1.4817

1.407

1.4153

1.4277

1.4054

1.4186

1.5105

1.4047

1.4064

1.4636

1.4075

1.4138

1.4087

1.4401

1.4725

1.4038

1.4051

1.4206

1.477

1.4593

1.4125

 

and put levels

 

Put Levels

1.3451

1.2794

1.15

1.2498

1.2696

1.21995

1.3685

1.2

1.2597

1.318

1.25475

1.1

1.21

1.2448

1.299

1.27455

1.3363

1.3534

1.22495

1.2299

1

1.3752

1.11

1.3273

1.381

1.2892

1.13

1.18

1.365

1.23985

1.3613

1.16

1.2843

1.075

1.3986

1.14

[sillykiddo]

is put or call levels are important?

[sillykiddo]

guys

check this out

http://www.forexfactory.com/showpost.php?p=2811996

 

with this tool we can put our power level straight into chart this indicator gets data from excel file.. so once we done calculation we can use this to draw the lines

[Lukeye]

Maybe this gives us a hint about drawing the SLs.

 

http://www.forexfactory.com/showpost.php?p=4143398&postcount=2467

 

" but last month there were just 1-2 new PLs"

[kraven]

reading the last few pages of the forexfactory power levels thread there seems to be a lot of 'ex' chat room people there not happy with the results.

[guedesjunior25]

I think it is just the tip of the iceberg... Binary options are traded in very very different way - chain of orders... and huge math...

 

I agree, and maybe without huge math...

[⭐ musketeer]

This person has most of the items discussed here automated already and it is free. Goto this website h**p://[email protected]/?lang=en_us

Also, this person has a forum that discusses it on the above link. Just click on forum

or you can goto his thread on FF h**p://[email protected]/showthread.php?t=126216

Remember to replace the @ with a.

Cheers

 

here is the indi attached, Frankly it looks good.... but... we need to remember watching it like real-time - there are no levels for the current day...

 

 

http://img811.imageshack.us/img811/7338/evolutionoptions12shote.jpg

[guedesjunior25]

If I have downloaded the info correctly, and read the numbers correctly, I have the info like this:

 

Top OI for Calls are 2653, and 2558, giving Call calculations like this:

1.4552 (strike=1450, settle=0.0052, OI=2653: strike/1000+settle = 1450/1000 + 0.0052 = 1.4552)

1.4636 (strike=1460, settle=0.0036, OI=2558: strike/1000+settle = 1460/1000 + 0.0036 = 1.4636)

 

and top OI for Puts are 1069 and 1088, giving Put calculations like this:

1.3363 (strike=1340, settle=0.0037, OI=1069: strike/1000 - settle = 1340/1000 - 0.0037 = 1.3363)

1.3685 (strike=1380, settle=0.0115, OI=1088: strike/1000 - settle = 1380/1000 - 0.0115 = 1.3685)

 

As this is my first attempt in calculating these, anyone feel free to tell me if I have screwed up anywhere here.

It's alright.

[guedesjunior25]

I did not math anything but these levels are far from the current rate. So we do not know when they will approached, to be on Monday will be surprise

The best OI is far from current price because maybe they are the tops and bottom of this week or month. So youcan trade the prices that have more tham 100 of OI, this way you can trade lower time frames,and more frequent. Because the price always bounce on this levels, so if you are a scalper, you can place all levels and wait for quick pips.

[⭐ musketeer]

Here is another video on you tube you want to have a look at

 

May 20 2009...

 

who is he? is it worth the time to check his levels?

[guedesjunior25]

these are the call levels i got

 

Call Levels

1.4473

1.4228

1.5007

1.4552

1.4335

1.4104

1.4817

1.407

1.4153

1.4277

1.4054

1.4186

1.5105

1.4047

1.4064

1.4636

1.4075

1.4138

1.4087

1.4401

1.4725

1.4038

1.4051

1.4206

1.477

1.4593

1.4125

 

and put levels

 

Put Levels

1.3451

1.2794

1.15

1.2498

1.2696

1.21995

1.3685

1.2

1.2597

1.318

1.25475

1.1

1.21

1.2448

1.299

1.27455

1.3363

1.3534

1.22495

1.2299

1

1.3752

1.11

1.3273

1.381

1.2892

1.13

1.18

1.365

1.23985

1.3613

1.16

1.2843

1.075

1.3986

1.14

 

You're doing something wrong, the number need to have a sequence

[guedesjunior25]

May 20 2009...

 

who is he? is it worth the time to check his levels?

 

We are doing the same thing here....

[kraven]

Hello all......after reading this post i did a bit of digging, appears this guy goes by a few names, one being fxdanny or dannyfx. Anyhow i found his blog and it appears he was a news trader for many years, then he suddenly liked the '5EMA system' (Aug 08), then started with these 'power levels'(may 09). Blog hasn't been updated since July 09 but from what i gather he just looks at the previous week and marks the S/R lines from that week and carry's them into the week ahead. Maybe you could try a zigzag indi and put a line at peaks etc...and see if the price rebound etc off these the following week

 

http://freeforextrades.blogspot.com/2009_06_01_archive.html

 

the above was something i posted on the first page of this thread......if you look at the 'power level FF thread' you'll see this dannyfx person post on there too......so i believe the guy who sells his 'lines' is also posting as someone else to 'big up' his results.

[⭐ musketeer]

Hi Kraven,

i will not check that and thanks for your efforts about it. In any case, no matter what are the power levels, it is useful to get attention... on something and everyone can clear... based on CME reports, they are just strike levels what is the pure property of the options.

But all that does not matter if there are the levels of S/R

I've trade them - high frequency - and if something can help identifying with, it is ok

The option trading (unfortunately) is like FX trading - wonderland... and there is no centralized exchange to get data from

Even with one of the biggest exchange, the CME there are toooooo many other trades of options

And lastly, the options are just derivatives of the FX....

Edited November 7, 2010 by musketeer

[kraven]

the thing is this thread was about this guy's 'power levels' and how accurate they are, how much he charges etc. now it's all about options, COT and CME reports. True, this guy may use them, but we don't know. hopefully with all the 'predicted levels of interest' on here for next week we will be able to tell.

[hitescape]

It seems that we all sort of agree on the 4 prices. I took this one step more and set the OI (isn't it Volume?) limits to 250 and 500 which ended up giving me 22 levels. I also varied the line width for the different levels. My first sell point is over 200 pips away and the first buy is over 250 pips away from the current price.

 

Then I went and looked at the site referenced on page 1 and he claims that he issues new PLs during the Asian session and that they are good for all week. This being the case, does anyone else think that prior option prices may still be valid as long as they have not been used?

 

I'm just thinking that there must be some ways to fill in that 400 pip gap. Maybe they are just regular SR lines...

 

Any thoughts???

[guedesjunior25]

It seems that we all sort of agree on the 4 prices. I took this one step more and set the OI (isn't it Volume?) limits to 250 and 500 which ended up giving me 22 levels. I also varied the line width for the different levels. My first sell point is over 200 pips away and the first buy is over 250 pips away from the current price.

 

Then I went and looked at the site referenced on page 1 and he claims that he issues new PLs during the Asian session and that they are good for all week. This being the case, does anyone else think that prior option prices may still be valid as long as they have not been used?

 

I'm just thinking that there must be some ways to fill in that 400 pip gap. Maybe they are just regular SR lines...

 

Any thoughts???

Hi hitescape , 22 levels of both (call and putt)? And 250 pips away from the current price, dont worry because they already fall in asian session more them 150 pips. They pullback on 1.4087, and this price only have a monthly OI of 1182 but still affected the price. So we need to paying attention not only daily best OI prices but on monthly too.