Power levels trading

[guedesjunior25]

For the DSLoader Plus tool, is there direct CME website link for the daily ES option data tool is downloading ? The CME links I have not same data as what DSLoader is giving me. Thank you.

 

Hi bd, go to ( ftp://ftp.cmegroup.com/pub/settle/stleonly ) for the current day's settlement (after 18:00 EDT).

[ezclick]

http://www.forexpowerlevels.com/?pair=EC

 

it is no update for today?

[⭐ c0py]

it is no update for today?

 

Sorry guys!!

 

There is a problem with the data feed today which I am looking in to right now...

 

Hopefully I will get it working soon.

[⭐ c0py]

Update: All working now :)

 

Duskacopy had changed their URL format of downloading the OHLC data.

[Hakim314]

Was last week close near a power level or high relative change in volume?

 

Bd, the Last Week Close was above PL-5 so according to the fact that '5' is not so far away from PL-1, it's much more respective then other Powers.

 

On Your 2nd questions, pls forgive I dont know how to check the change in volume.

[⭐ c0py]

More instruments coming soon!

 

Currently testing GOLD, see below for Friday's levels:

 

http://img228.imageshack.us/img228/2127/gold220711.gif

 

There was a nice 200 pips to be made there from pin bar @ power level 1.586 up to power level @ 1.607.4

 

:)

Edited July 24, 2011 by c0py

[graphiteplanet]

Thanks a lot copy. Keep up the good work. This indicator is one of my favorite.

[Fmfx]

Hello my senior's, could u teach me how to use these levels to trade? I dont seem to understand d meaning of call and putt. A sell @ or buy @ will make it easier for my understanding.

 

Thanks in advance and salute for the great job, u guys are wounderfull

[Hakim314]

It will help those who are in stress trying to put TP/SL.

It automatically plots SL/TP -PREdefined in settings AFTER You open manually a trade.

Then You can MOVE Your sl/tp BY YOUR MOUSE ONLY :)

http://www.megaupl00ad.com/?d=D3N0FGIR

 

Working as an EA, so make sure that Mt4 Settings are opened for EAs and the main button must be pushed down.

Just try how it works.

 

A lot of stress out :-)

[TheBeast]

Thanks for that one. Like it on my ECN broker where you can't add the SL and TP at the opening of the trade. Saves me a lot of time. The BE feature is very clever too! Edited July 26, 2011 by TheBeast

[nguyentho]

I try to attach the script of PL V005 and this is my result:

http://cC1.upanh.com/25.598.32764330.Gqz0/tho.gif

I really appreciate if anyone can help me to solve this problem.

Thanks millions.

Good trading.

[altoronto]

Try on any broker without extension. In your case I noticed is FXF (eurusdxfx).

[Hakim314]

"Yhhmmmm, I see the pattern, the pattern I see" :)

 

http://img692.imageshack.us/img692/2527/patoday.png

Edited July 28, 2011 by Hakim314

[⭐ c0py]

Hi,

 

It was the FXF extension which was causing the issue.

 

Please try again and it should be working now.

 

I try to attach the script of PL V005 and this is my result:

http://cC1.upanh.com/25.598.32764330.Gqz0/tho.gif

I really appreciate if anyone can help me to solve this problem.

Thanks millions.

Good trading.

[crodzilla]

This week the call sellers have the top 3 spots. The call sellers are moving price down nicely this week. Price hit #1 ranked call OI level and is continuing down. Very interesting...

 

 

Anyone else notice that EURUSD power levels ranked #1, 2 and 3 are all put options. Which, as of this morning are below current price. It took this week to do it. So, the put option sellers made some serious money.

 

Hmm, will have to keep an eye on the configuration of OI's in the future.

[Hakim314]

I think the reason can be that Market generally operates in 4 phases as You know (VSA comes from US) - Accumulation, Mark up, Distribution, Mark Down.

Maybe this what we see today is Distribution.

Now, the price is BELOW the bottom Power.

 

This week the call sellers have the top 3 spots. The call sellers are moving price down nicely this week. Price hit #1 ranked call OI level and is continuing down. Very interesting...

 

http://img14.imageshack.us/img14/95/todayct.png

[Hakim314]

Crodzilla and other specialists around US market ! You are from US as I see so You probably can tell us the Truth, not the media blablabla...

 

Today night, around midnight (gmt+1 for Poland) there is a Vote on the Act that will increase Your debt limit. If they dont agree, Gov will have to accept 80 BLN usd cutts. Am I right ?

 

If they vote "yes" - everything will be the same till another crashtest in Your economy in 3-6 months.

If they vote 'no' - well... we'll have a real earthquake on USD area, am I right ?

 

Now, lets assume they vote 'no' - there is a strong resistance from republicans and Tea Party side. Tell me dear Crodzilla what will happen and what substanstial moves can be expected on USD pairs ?

 

I know for sure that EUR and Swiss will shoot up, cause there will be a huge escape from USD. Even today on polish stock market all companies actions with US capital riding down.

Especially Swiss, cause EUR area has some turbulences cause of Italy, Greece and Portugal.

 

Can You tell us what we expect today night/morning on EU, GU and EChf ?

 

Thank You in advance.

 

PS.

BTW, how could You allow to print Your dollar by a private bank and borrowing for Gov ? It's scam in itself.

[crodzilla]

Keep in mind, if the debt ceiling (debt target) does not get raised, you will see interest rates rise for all US Debt. What happens to currency value when interest rates rise (in its country)? Currency prices move up. So, you will see the USD strengthen. The higher the currencies interest rate, the value of the currency goes up, because that is how money flows on this globe. Money chases returns (ie. carry trade.)

 

If the debt ceiling (target) gets raised again (which I expect), the dollar will continue to fall. Our government will continue to print money, which will weaken its value.

 

Our country cannot afford interest rates to rise. If they do, by 50 or so basis points, we are done. We will end up like Greece on a faster track than ever. Our debt will be harder and harder to pay off if our interest rates rise.

 

Now think about this... Have you ever seen a company that spends more money than they have in their credit line keep a triple-A bond rating??? Never happens. The only reason that the US has a triple-A bond rating is for political reasons.

 

Also, I don't see the EURUSD making any major trends in the near future, once the debt ceiling is raised. Europe is not in very good shape either. The EU is struggling to bail out country after country.

 

PS. You are right. Our politicians made a deal with the devil (Federal Reserve - a private bank) long ago. There are some that are fighting with those ties now. I just read about the first "Audit" conducted by the US Congress of the Federal Reserve. It seems they have "loaned" $16 Trillion dollars to dozens of global banks at 0% interest. Hmm, our country is in debt $14.5 Trillion... doesn't make a lot of sense.

Edited July 28, 2011 by crodzilla

[Hakim314]

You are real PRO, Thank You.

 

Yes, Euro area is in bad shape, that's why people in Europe escape to Swiss Frank.

Unfortunately, many peoples in PL have mortgage loans in Swisses, so now 1PLN = 2,45, but if Your president will not make a deal with Republicans and Tea - we expect rise to 4PLN for 1Swiss.

For comparison, today 1usd - 3,23PLN.

Today I also heard about some turbulences in italian gov cause Finance Ministry is accused for corruption :/ and investors has another good reason to sit on Swiss and rise up the price.

 

OK, as I understood so if they agree today night - it's OK and the EURUSD will go down (dollar strength), but if they call for another rise of OI - it will be a crashtest.

[Hakim314]

Something interesting for anybody :)

Traders Community (similar to Currencee, but without real account)

http://www.tradetakers.com/

 

and free IRC Chat room - if we create a room, we can meet, deal, talk...

http://mibbit.com/

[Hakim314]

Two new aspects brought today night:

1- VSA - Dead zones - is a term describing zones on the chart when VSA signal is VALID ONLY with excessive high volume with this signal like Upthrust, or Climaxes. If the volume is below average or a "healthy one" - it takes usually a few moments when price will go in expected direction, unfortunately sometimes shaking out those who does not realize it.

 

The good example is here:

http://img43.imageshack.us/img43/4496/todayguat2.png

 

BIG RED DOT is a Buying Climax, but the BetterVolume bar should be white or red (as I remember) means extremely high volume. I know I know that mt4 has no "real volume" but since then these signals works great. The price AFTER Climax did nt collapse as usually after BClimax, but rised up and the after an hour starting fall closing a trading day and week.

 

Do You thing that we can expect gap ?

 

BTW, does somebody know what happened there that price rised 1400 pips in a few moments ? any newses ? or newses from US ?

 

The second issue is: MurreyMath lines.

In fact they are very similar to our levels, but LESS accurate as I saw.

BUT there are specific trading rules saying about time/price relation around these levels. I.e. when price will go through Top/Bottom trading range it will stay there till the end of the day testing Top/Bottom.

When price goes in the zone between Bottom/Top trading range it will stay in this zone - 20% of time etc.

 

I reminded that when I put a pic when I saw that price came to the chart at 00:01 at PL-1 and went up, it was Top TRading Range area, and IN FACT, the price stayed there for the whole day as I remember. Can You check it by Your own ?

 

Maybe this is another CLUE for trading our powers: just apply statistics :) There has to be just some reason why price behave so accurate with these (Murrey) levels and we also know that our capital means nothing in the ocean of fx session.

 

Now I have an idea to apply it to our powers, but Murrey and Powers at the same chart is too big mess. But some lines could cover (doesnt matter put or call I think cause Murrey line will strengthen this level), so maybe idea is to fix 1 and 2 method combining together.

 

Another clue from Guede (thanks Maestro :-))

If You are waiting for resistance or supp to be broken when price is comming, look at the volume when testing this level. Price is a locomotive, volume is a fuel in the hydraulic system. Stronger s/r levels need more gasoline to break the wall :)

 

THIS HOW IT LOOKS this week, 1H chart, EU. Pretty amazing isn't ? :)

http://img231.imageshack.us/img231/466/volandmml.png

 

The pure PA formation last day is Head and Shoulders as You see - means Weakness.

Pink bar at 12Jul is a DownBar (acc. to VSA) - coz is closes in the middle, the next should be Effort to rise to push price higher, then volume decrease the rest is psychology of Masses.

 

And this is how Power and MML exists together: quite interesting lesson :)

http://img849.imageshack.us/img849/2416/mmlandpowers.png

 

 

What You think Guys and Girls ? Pls, we need here BrainStorm. All advices needs, no wrong answer, all ideas are good. Wake up Your mind and give it :)

[Hakim314]

For those who like VSA - SmartMoneyTrader subscribe for real time trading alerts.

As I see their identification base on 1H and OP trade is on the next candle, so You will have a time to react.

 

And it's free as I see, I subscribed in Thru but no signal yesterday:

h**p://alerts.pipbuilders.com/lists/?p=subscribe&id=2

 

Wish You harvest green pips :))

[Hakim314]

And the cherry at the cake :) Beast I think You will like it even more :) or You have it.

One-clicker

OneClick to open/ close, manage trades.

Free tool.

h**p://www.toolsfortradingtheforex.com/oc.html

[⭐ musketeer]

I like your effort Hakim! :)

[guedesjunior25]

Hi Hakim314, you are giving new blood to this thread. Thanks for all your efforts to build an even better system. and not forgetting of course, tips about indicators and sites. Thanks my friend. Edited July 31, 2011 by guedesjunior25