GMP Levels - Price that Turns the Markets

[Techfan1128]

Good morning to all. I have been a member of this forum for quite some time but I haven't made a post yet. Ive been trading off and on between forex, futures, and options over the past decade with limited success. I even had a trade service last year (since was become successful) but decided to give it up due to lack of interest. I was doing really well and then I got inconsistent and realized I needed something deadly accurate.

I think I found it. I have developed a formula based on a few things most people have most likely never considered and thought of. This formula projects price levels at which the market will likely react. I have decided to post those levels here on a daily (if I have time every day), or at least on a semi daily basis. Feel free to put the levels on your charts and see how price reacts!

Im excited to be a part of the forum!

P.S. The first attachment are areas Im looking to trade on the ES.... In the premarket I will just put orders 1 tick off the price levels and go to bed. Since the overnight session is less volatile, there is a very high likelyhood that if a price level is touched in the overnight, it will reverse with minimum of 2-3 point move....

 

[Techfan1128]

In Short...

Good morning to all. I have been a member of this forum for quite some time but I haven't made a post yet. Ive been trading off and on between forex, futures, and options over the past decade with limited success. I even had a trade service last year (since was become successful) but decided to give it up due to lack of interest. I was doing really well and then I got inconsistent and realized I needed something deadly accurate.

I think I found it. I have developed a formula based on a few things most people have most likely never considered and thought of. This formula projects price levels at which the market will likely react. I have decided to post those levels here on a daily (if I have time every day), or at least on a semi daily basis. Feel free to put the levels on your charts and see how price reacts!

Im excited to be a part of the forum!

P.S. The first attachment are areas Im looking to trade on the ES.... In the premarket I will just put orders 1 tick off the price levels and go to bed. Since the overnight session is less volatile, there is a very high likelyhood that if a price level is touched in the overnight, it will reverse with minimum of 2-3 point move....

Im in short now... Lets see if I can grab 3 points... Should travel 3-5 points based on the moved up

 

[Techfan1128]

Price Moved 3.25 points off the level. I had a 3.5 point target in.... Didnt fill target. The level did work... Now we can potentially look for a long retest off the level if it sets up correctly

 

[Techfan1128]

Retest Long

Retest Long

 

[Techfan1128]

Target Hit

Target Hit

 

[Techfan1128]

Heres the Recap Video for today

 

[Techfan1128]

Trade Levels on TF and ES for August 6th 2015

http://youtu.be/-0VpL8wQeKE

 

[Techfan1128]

Todays Levels

Todays Levels

 

[Techfan1128]

ES Long

Long the ES

 

[tomorton]

Nice and simple.

Do you leave the entry orders in place overnight or just for a limited time period - say, the window between the US trading day ending and the Japanese day beginning?

Where do you place stops?

 

[Techfan1128]

Nice and simple.

Do you leave the entry orders in place overnight or just for a limited time period - say, the window between the US trading day ending and the Japanese day beginning?

Where do you place stops?

I usually will leave them in until about 7:30AM Central time. After that it can get a little more volatile and I would prefer to look for confirmation of price reacting off the level. I also consider the overnight from Europe Open or London open to that time. So I would say 1AM CST to 730AM CST.

As For stops I'll have a initial stop in at 4 points and have a 3 point target. The Stop will automatically adjust to BE -2 once 2 points is achieved

 

[Techfan1128]

Heres tomorrows Levels

 

[Techfan1128]

Nice and simple.

Do you leave the entry orders in place overnight or just for a limited time period - say, the window between the US trading day ending and the Japanese day beginning?

Where do you place stops?

And Only do overnight trading on the ES, not the TF or YM

 

[Techfan1128]

Just so happened to get a long trade on the ES in the overnight as I was answering your question

 

[tomorton]

Cheers for that.

I've been interested in timed trading styles for some years as I am useless at daytrading. Used to run Big Ben trades on the FTSE100, but that index not sufficiently predictable. I run longer-term trend-following forex trades (much easier to find consistent trends than with indices) but I'm aware there is much price volatility between my entries and exits that I would love to tap into.

Thanks for the illustrations of what you're doing, I will be exploring similar approaches.

 

[Techfan1128]

GANN Said that Time is the most important thing.... I have been attempting to see what happens "when price and time square". I have figured out key price levels, now I need to figure out when time is squaring with price, meaning figure out when the market is predicted to make a down move... If it is coming into a level from below or breaking through and retesting at this time, the odds go WAY up. So i am still developing the time aspect of this method. As for the price levels, they are very sound. The ES just did a breakthrough retest short to the tick of 3MV Line...

 

[Techfan1128]

Low of Day most likely In... Or close to it

 

[Dick Lexic]

Hi Techfan, I like your thread, I am also looking for a way to time the markets, I don't know if it's possible.

I use Volume, Price and cycles.

 

[Techfan1128]

Hi Techfan, I like your thread, I am also looking for a way to time the markets, I don't know if it's possible.

I use Volume, Price and cycles.

It is certainly possible. There are people who have done it and are doing it... just not us... Anyway, here is the projection levels for Monday

http://youtu.be/7toXm0WutbI