thanks dave
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Disliked@mastermind and dave...do you hold on to your trades on the weekend or cash out on Friday?Ignored
Disliked{quote} I am not expert on Murrey because I approched to his method just a few days ago. So I am not in the position to give you a proper answer From what I learned about trading and what I see in the montly chart you posted, I see a bearish candle that establish the minimum that reach the -1 line and react producing a big spike. it would alert me. Then I see an inside candle, followe by two small doji and two bullish candle. the sedon one breaks out the inside bar, so it could be an oppurtunity to enter, but since it is large candle, to have a...Ignored
DislikedMastermind just to make sure I have caused you no offence, the reason I trade mostly Class 5 (Pure Murrey) is only to the fact I try to build a picture of the reason to take a trade hence the use of Monthly, Weekly and Daily timeframes this means that the pure Quad (2up 2down) Daily pattern only plays a very small part in my trading decisionsIgnored
DislikedGBPUSD Quad Long off the 4/8 MML Central Pivot {image} Masterrmind...........Ignored
Disliked{quote} Hi Masterming, in cases like this, where there is a quad short off from the 4/8MML and then a quad long off from the 4/8 MML, how do you consider them? The stop for the first 4quad is still alive, so if you entered the first one, what action you take? Thank youIgnored
DislikedGBPUSD Quad Long off the 4/8 MML Central Pivot {image} Masterrmind...........Ignored
Disliked{quote} Since I'm already long on the GBP currency I may not consider the GU long. For Gold and Silver they tend to follow eachother up and down the chart so I'd only pick one of them. Silver is my favorite pair to trade. Being a Friday and end of the trading week I'll not trade them. Charts might be useful for other traders looking at shorter term setups in which case an M5 TF to M15 TF would be more suitable. Masterrmind...........Ignored
Disliked{quote} Thank you I wish you and all the other participants of this thread a nice and relaxing weekendIgnored
Disliked{quote} Another way to play it with a tighter stop Buy @ 1.2726 with a stop at 1.2664 If price reaches 1.2756 lock in B/E Target 1.2786 gives you a 1 to 1 Risk/Reward Qotave 1.2817 could be on your way This way you have traded a 122 Octave with a 61 pip initial set up ? {image}Ignored
Disliked{quote} Thank you I wish you and all the other participants of this thread a nice and relaxing weekendIgnored