Power levels trading

[sillykiddo]

hey how can we get the calculation?

[4xinvestor]

read the thread...

what is the conclusion? draw line every 50 pips..?

[guedesjunior25]

read the thread lol... one more time...

To get the levels using the following formula:

dowload the CME bulletin, go to best put and call options based on open interest, more than 1000 its a good one.

to Call: Strike/1000 + Settle * 10;

for Put: Strike/1000-Settle * 10.

You watched the column Change, so you and get a level 6068. If we take the data from column Settle, we get the following: 6000 +2.65 * 10 = 6026.5 with regard to rounding 6027 - all right there is no error.

[guedesjunior25]

And you can use excell like me. go to this site http://fxcoder.ru/services/cmesettle they give the last CME bulletin, copy and put on excel. and put the calculation in front of best open interest. . Go to MT4 and use horintal lines.

on excell do this

Call: Strike/1000 + Settle ;

for Put: Strike/1000-Settle.

[guedesjunior25]

A picture to speak for me.

http://yfrog.com/6543592251p

[Marchello]

From reading this great thread .. I registered with hxxp://www.cot4metatrader.com/ and downloaded this weeks COT data.

 

All instructions are there

 

Subscription is very fair .. and will experiment with it accordingly.

 

Install their indicators and import this weeks COT data that I attached in link.

 

 

hxxp://www.multiupload.com/8RTT27H8AZ

 

Comments and Kudos appreciated

 

Good trading wishes to all

[guedesjunior25]

I forgot to say, i only test those calculations only on eur/usd gbp/usd.

[guedesjunior25]

A good site

 

A very, very, very good site. Enjoy and learn.

http://fxcoder.ru/

 

WITH ONLY FREE STUFF...

Edited November 6, 2010 by guedesjunior25

[Diesel 10]

We can be rich now. A easy way to do the same thing, read and be happy.

h**p://www.betsyndicate.net/foreks-osnovy/optionnie-urovni-v2.html

 

A great thanks to Arbiter. The creator of this.

 

I don't read russian so this won't work for me. Is there an english version?

[Diesel 10]

OK, I have opened an account at http://www.4shared.com/ and placed the indicator in my account there, however, when I paste the full address it displays my account details as well as the indicator. That can't be right, how do I post the address containing just the indicator?

 

 

Try this link: http://www.4shared.com/file/NpJe1r_A/_2__Grid_Builder.htm

 

Not sure if that is my link:-(

 

Just a quick note. You can upload stuff to Mediafire without an account and then copy and paste the link here. That way there can be no trail back to you !

[Diesel 10]

Tmalone is correct in what he says, I am trading those levels with success. I have a indicator called 'Grid indicator' which places all of those levels on the chart. It is excellent, when you see price reach a level and it stalls, you can, in all probability expect a reversal or pullback. If price goes through a level it often stalles at the next one with a bars testing that level before reversal. I have found that when a bar tests a level two or three times or more there is a very good chance of a pullback/reversal.

 

What do I need to do to upload my indicator?

 

Hi Dave,

You and Tmalone may have a good method but I am sure after watching his video that his Power Levels were not just even numbers such as 00, 20, 50, 80, 100 or 50,100,150 etc. In fact, none of his Power Levels were rounded numbers like those...

Edited November 6, 2010 by Diesel 10

[Diesel 10]

And you can use excell like me. go to this site http://fxcoder.ru/services/cmesettle they give the last CME bulletin, copy and put on excel. and put the calculation in front of best open interest. . Go to MT4 and use horintal lines.

on excell do this

Call: Strike/1000 + Settle ;

for Put: Strike/1000-Settle.

 

it's starting to make sense to me now. Thanks. so you calculate using all the strike levels that have the most open interest; is that correct? and this gives you exact levels that you place on the chart... ?

 

Have you checked to see if these calculated levels actually have significance as support and resistance? have you traded them profitably? Would be interested to hear more...

[guedesjunior25]

Translate with google, like i do..........

[guedesjunior25]

it's starting to make sense to me now. Thanks. so you calculate using all the strike levels that have the most open interest; is that correct? and this gives you exact levels that you place on the chart... ?

 

Have you checked to see if these calculated levels actually have significance as support and resistance? have you traded them profitably? Would be interested to hear more...

 

Offcourse they have significance, do you read the entire threat, i put some great pictures here. if i trade them profitably? Just try it ok, and please read all over again.

[guedesjunior25]

I don't read russian so this won't work for me. Is there an english version?

 

Me too. Translate with google, like i do..........

[guedesjunior25]

Diesel 10

 

responding your question (so you calculate using all the strike levels that have the most open interest; is that correct? and this gives you exact levels that you place on the chart... ?)

Yes you are right. Open interest more than 1000 is better, but i already see the price make a good pullback in a 210 open interest.

Edited November 6, 2010 by guedesjunior25

[⭐ musketeer]

OK, I have opened an account at http://www.4shared.com/ and placed the indicator in my account there, however, when I paste the full address it displays my account details as well as the indicator. That can't be right, how do I post the address containing just the indicator?

 

 

Try this link: http://www.4shared.com/file/NpJe1r_A/_2__Grid_Builder.htm

 

Not sure if that is my link:-(

 

It is OK. No worries about your acc there

[⭐ musketeer]

From reading this great thread .. I registered with hxxp://www.cot4metatrader.com/ and downloaded this weeks COT data.

 

All instructions are there

 

Subscription is very fair .. and will experiment with it accordingly.

 

Install their indicators and import this weeks COT data that I attached in link.

 

 

hxxp://www.multiupload.com/8RTT27H8AZ

 

Comments and Kudos appreciated

 

Good trading wishes to all

 

Hi Marchello,

using it you may compare with http://www.forexrazor.com/Analysis/Commitment-of-Traders.aspx and/or http://www.timingcharts.com/

What is your opinion?

[dave123]

Hi guys, feedback on here is excellent. Just to make it clear, I did not mean to imply that the indicator levles were his power levels, I only wanted to point out that these levels provide a very good opportunity for profit trading and that price respects these levels very well. I trade off of these levels every day:-)

 

Dont see why anyone has to pay $200+ for what I see as a signal service without the benefit of trading independently with his levels.

[joeytrader]

And you can use excell like me. go to this site http://fxcoder.ru/services/cmesettle they give the last CME bulletin, copy and put on excel. and put the calculation in front of best open interest. . Go to MT4 and use horintal lines.

on excell do this

Call: Strike/1000 + Settle ;

for Put: Strike/1000-Settle.

 

A picture to speak for me.

http://yfrog.com/6543592251p

 

. . . Open interest more than 1000 is better, . . .

 

Hi guedesjunior25, thanks for sharing and explaining your discovery. I think I am beginning to see the logic behind this.

 

In understanding the actual numbers, because the number columns in the

http://fxcoder.ru/services/cmesettle

webpage are not labeled, I can only infer from your spreadsheet of

http://yfrog.com/6543592251p

and you prior explanation.

 

Can I make sure I am understanding correctly, that on your spread sheet, can I confirm with you that column A is the Call "Strike" price, and column H is the "Settle" price. And then I can use your calculation of "Call = Strike/1000 + Settle"?

 

Am I correct so far?

 

The only number I am still not clear is this:

 

May I also ask, which column (per your spreadsheet) is the "open interest" that "more than 1000 is better"? Is the "open interest" column I ? or column J ? on your spreadsheet.

 

Thanks in advance for your patience and explanation. This is very new subject for me to learn.

Edited November 6, 2010 by joeytrader

[pardy]

What would be extremely helpful if guedesjunior could explain each of the columns, and then by way of example, show us which rows are the ones to consider, and the actual calculation as it works out on the price chart.

I think one such explanation will do away with wild guesses, get everybody up to speed, so we can all contribute meaningfully in taking this forward. Thanks to guedesjunior for this.

[Marchello]

Hi Marchello,

using it you may compare with http://www.forexrazor.com/Analysis/Commitment-of-Traders.aspx and/or http://www.timingcharts.com/

What is your opinion?

 

 

Thank you for great input ' musketeer '

 

I am just starting to update myself on this COT theorem information that a past mentor started to explain but he quit/retired due to health reasons and age. (Bless Him) and the various posts on this thread, Presently, just started using "sweet spots" indicator to plot 00-25-50-75 an so on .. MQ4 attached ..

 

hxxp://www.multiupload.com/X5QNT530UO

 

hope to enlighten myself in time.

 

Thank you all for superb posts

[kraven]

just playing around but see how influential these no's are for EU next week

 

.4349

.4331

.4281

.4258

.4190

.4125

.4078

.......closed around .4031

.4001

.3967

.3931

.3892

.3861

 

These can be further refined.....also remember these could be a few pips either way

Edited November 6, 2010 by kraven

[guedesjunior25]

Hi guedesjunior25, thanks for sharing and explaining your discovery. I think I am beginning to see the logic behind this.

 

In understanding the actual numbers, because the number columns in the

http://fxcoder.ru/services/cmesettle

webpage are not labeled, I can only infer from your spreadsheet of

http://yfrog.com/6543592251p

and you prior explanation.

 

Can I make sure I am understanding correctly, that on your spread sheet, can I confirm with you that column A is the Call "Strike" price, and column H is the "Settle" price. And then I can use your calculation of "Call = Strike/1000 + Settle"?

 

Am I correct so far?

 

The only number I am still not clear is this:

 

May I also ask, which column (per your spreadsheet) is the "open interest" that "more than 1000 is better"? Is the "open interest" column I ? or column J ? on your spreadsheet.

 

Thanks in advance for your patience and explanation. This is very new subject for me to learn.

 

You are right, i think that my picture will respond your final question.

See this...

http://yfrog.com/jjcalculations2j

[guedesjunior25]

Call levels of eurusd for monday

 

1,4047

1,4049

1,4051

1,4054

1,4057

1,406

1,4064

1,407

1,4075

1,4081

1,4087

1,4095

1,4104

1,4114

1,4125

1,4138

1,4153

1,4169

1,4186

1,4206

1,4228

1,4252

1,4277

1,4305

1,4335

1,4367

1,4401

1,4436

1,4473

1,4512

1,4552

1,4593

1,4636