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Trading using Murray Maths and Price Action

  • #81
  • Mar 23, 2009 2:55am Mar 23, 2009 2:55am
Quoting fontu
Great my 1st trade of MM doing well , pa just crossed 1.3704 4/8 nMM great resistant/support area ,no coming down again & hope try hard to bereak with Frankfurt open & more with london open .sl changed to 1.3687 ,no they are over with profit 54 pips in 2 trades.

well enough.
fontu

Next looking short at 1.3733 tp 1.3720 or 04. Ni it was very fast can't take , may try long from 1.3704 ,if come back.

Yes taken long at 1.3706, tp 1.3728 sl 1.3696. No sl too close reduce to 1.3693 & tp increased to 1.3730



Good for you Fontu. Are you guys doing it on Real (Live) account or demo?

-myfx-
-happyTrading-myFx.
  • #82
  • Mar 23, 2009 2:56am Mar 23, 2009 2:56am
Quoting ns_karthik
as u can see, we have made more than 100 pips today so far...very safe with drawdown of less than 25 pips.....all that was needed was patience and good money management to take trades as and when u see it on the charts....
Great work Karthik and thanks a lot introducing us with MM .We need lots to learn from you & see you good action all time like today you have shown like live commentary with explanation needed for us .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #83
  • Mar 23, 2009 2:59am Mar 23, 2009 2:59am
Quoting myfx
Good for you Fontu. Are you guys doing it on Real (Live) account or demo?

-myfx-
Thanks ,
I am trianing it today on demo as suseptible to lots of errors using mm first time .but will use live soon perhaps .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #84
  • Mar 23, 2009 2:59am Mar 23, 2009 2:59am
all that i request from you guys is to please keep posting ur comments.....this is like tonic for me and it also shows me that people r indeed interested in what i am trying to say rather than just me talking in here....
  • #85
  • Mar 23, 2009 3:03am Mar 23, 2009 3:03am
Quoting ns_karthik
UJ has good support at 96.1....so maybe we could long here with sl at 95.90...

edit - long at 96.22
exited this trade with 15 pips loss....
  • #86
  • Mar 23, 2009 3:08am Mar 23, 2009 3:08am
Quoting ns_karthik
exited this trade with 15 pips loss....


Hi Karthik,

You are doing a good job. i am sure all of us are getting benefited from your live like commentary. Karthik, just one question. How long have you been trading this method on real account?.

Thanks man...

-myfx-
-happyTrading-myFx.
  • #87
  • Mar 23, 2009 3:14am Mar 23, 2009 3:14am
Quoting myfx
Hi Karthik,

You are doing a good job. i am sure all of us are getting benefited from your live like commentary. Karthik, just one question. How long have you been trading this method on real account?.

Thanks man...

-myfx-

been trading it for quite sometime now....and there is no 'great' thing to this method...it is just simple trading using price action and S & R....in such kind of trading, what is more important is controlling urself and money management rather than anything special....cos S & R can be given by not only MM but by any other method as well (eg. fibs, pivots etc...)....its just a question of how u practice trading rather than any 'great' system in here....
  • #88
  • Edited 3:40am Mar 23, 2009 3:21am | Edited 3:40am
My last long eneded with 13 pips loss also ,first mistake I should not miss taking 12 pips profit in front of eye . anyway short taken at 1.3692 tp 1.3677,now about to tpsl changed to 1.3689 .let go .....

fontu

over profit 15 pips. waiting for long at 1.3672.decision was perfect but missed this trade due to work in office . wait for next if free to see computer.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #89
  • Mar 23, 2009 3:28am Mar 23, 2009 3:28am
Quoting fontu
My last long eneded with 13 pips loss also ,first mistake I should not miss raking 12 pips in front of eye . anyway short taken at 1.3692 tp 1.3677,now about to tpsl changed to 1.3689 .let go .....

fontu
u seem to be doing good mate.....now i will slow down on posting calls as u guys would have got a hang by now on how i would be doing it...
  • #90
  • Mar 23, 2009 3:54am Mar 23, 2009 3:54am
EU broken thru support again....
  • #91
  • Mar 23, 2009 3:55am Mar 23, 2009 3:55am
Quoting ns_karthik
u seem to be doing good mate.....now i will slow down on posting calls as u guys would have got a hang by now on how i would be doing it...
Thanks , please do as usual .

short taken at 1.3668 tp 1.3644,about to close .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #92
  • Mar 23, 2009 4:03am Mar 23, 2009 4:03am
Quoting fontu
Thanks , please do as usual .

short taken at 1.3668 tp 1.3644,about to close .
fontu
fontu, u seem to be getting good at this.....:-)))

can someone pls tally all the pips we have made here in this thread today pls...:-))))...
  • #93
  • Mar 23, 2009 4:06am Mar 23, 2009 4:06am
Quoting ns_karthik
fontu, u seem to be getting good at this.....:-)))

can someone pls tally all the pips we have made here in this thread today pls...:-))))...
no worry I will not post any result here.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #94
  • Mar 23, 2009 4:07am Mar 23, 2009 4:07am
GC (GBPCHF) also broke thru its resistance...(1H and 4H)....
  • #95
  • Mar 23, 2009 4:28am Mar 23, 2009 4:28am
Hi Karthik,

Excellent posts. I am onto it on the demo. Couple of quick questions.

1. Do you wait for the hourly price bar to close before placing your order?
2. Do you also confirm with higher time frames before place a trade?

Thanks for help.
  • #96
  • Mar 23, 2009 4:31am Mar 23, 2009 4:31am
Quoting forex2learn
Hi Karthik,

Excellent posts. I am onto it on the demo. Couple of quick questions.

1. Do you wait for the hourly price bar to close before placing your order?
2. Do you also confirm with higher time frames before place a trade?

Thanks for help.
1. i dont wait for the close....i just wait for price to break the S or R and wait for 5-10 mins to confirm the break before i enter...

2. yes, i do use higher time frames to confirm trades...S & R in MM could sometimes be the same in multiple time frames...they r the ones which r the strongest....
  • #97
  • Mar 23, 2009 4:38am Mar 23, 2009 4:38am
Bot AU at 0.6963. 20 pips SL and TP. Let's see
  • #98
  • Mar 23, 2009 4:42am Mar 23, 2009 4:42am
Does not look good. Just realised on H4 is already overshoot.
  • #99
  • Mar 23, 2009 4:46am Mar 23, 2009 4:46am
Quoting forex2learn
Does not look good. Just realised on H4 is already overshoot.
well, we all learn , mate...we all learn....
  • #100
  • Mar 23, 2009 4:53am Mar 23, 2009 4:53am
got out with a 5 pips loss. Lesson learnt.
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