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Trading using Murray Maths and Price Action

  • #101
  • Mar 23, 2009 5:07am Mar 23, 2009 5:07am
Mr. Karthik, what broker did you use?
Thank you

I use PA to but I make instant order when the breakout happen, but my broker most of the time requoted me.

so if u please tell me a good broker that man enough not to requote their trader?
  • #102
  • Mar 23, 2009 5:13am Mar 23, 2009 5:13am
Quoting Musashi69
Mr. Karthik, what broker did you use?
Thank you

I use PA to but I make instant order when the breakout happen, but my broker most of the time requoted me.

so if u please tell me a good broker that man enough not to requote their trader?
well, no broker is a good broker....almost everyone requotes....i use FXCM but they requote as well...as long as the requote is within a couple of pips, i think that should be fine....
  • #103
  • Mar 23, 2009 5:14am Mar 23, 2009 5:14am
EJ has shown good strength with 131.25 proving to be very good support over the past few hrs....maybe it will make a good up move....
  • #104
  • Mar 23, 2009 5:38am Mar 23, 2009 5:38am
Quoting ns_karthik
EJ has shown good strength with 131.25 proving to be very good support over the past few hrs....maybe it will make a good up move....
got out with 14 pips on this one...
  • #105
  • Mar 23, 2009 5:51am Mar 23, 2009 5:51am
ranging market now....US session could provide next direction....i feel the jpy crosses are strong....so US session could see strength in UJ which should push up EJ and GJ....
  • #106
  • Mar 23, 2009 5:57am Mar 23, 2009 5:57am
Quoting ns_karthik
GC (GBPCHF) also broke thru its resistance...(1H and 4H)....
well i posted this when it broke thru its resistance at 1.6357...now its at 1.6423....cool 60 pips.....
  • #107
  • Mar 23, 2009 5:58am Mar 23, 2009 5:58am
GJ broke thru major resistance at 140.8...need to watch whether it will hold...it is a very important resistance...
  • #108
  • Mar 23, 2009 6:05am Mar 23, 2009 6:05am
Quoting ns_karthik
GJ broke thru major resistance at 140.8...need to watch whether it will hold...it is a very important resistance...
i guess its broken now...will wait for it to retrace a bit to enter long...
  • #109
  • Mar 23, 2009 6:22am Mar 23, 2009 6:22am
hope u guys took that long for GJ...cool 69 pips there...

GU hit resistance...UJ as well....could try for small shorts , against the trend and risky....or can wait for it to break resistance and take long with the trend....ur choice...
  • #110
  • Mar 23, 2009 6:22am Mar 23, 2009 6:22am
Hi,

One silly question. Can someone tell me how to calculate pip earned or lost in MT4? I traded for 1 lot with the deposit of $5,000 (Demo) and I just closed GJ with profit of $253. I am wondering 253 represents how many pips.

-myfx-
-happyTrading-myFx.
  • #111
  • Mar 23, 2009 6:29am Mar 23, 2009 6:29am
Quoting myfx
Hi,

One silly question. Can someone tell me how to calculate pip earned or lost in MT4? I traded for 1 lot with the deposit of $5,000 (Demo) and I just closed GJ with profit of $253. I am wondering 253 represents how many pips.

-myfx-
the value of each pip depends on the currency pair traded, interest rates etc...sometimes it varies from broker to broker as well.....so it aint so straightforward....
  • #112
  • Mar 23, 2009 6:31am Mar 23, 2009 6:31am
Quoting ns_karthik
hope u guys took that long for GJ...cool 69 pips there...

GU hit resistance...UJ as well....could try for small shorts , against the trend and risky....or can wait for it to break resistance and take long with the trend....ur choice...
retracement going on in GU...missed a short there...

no retrace in UJ though....
  • #113
  • Mar 23, 2009 6:33am Mar 23, 2009 6:33am
Quoting ns_karthik
the value of each pip depends on the currency pair traded, interest rates etc...sometimes it varies from broker to broker as well.....so it aint so straightforward....

Thank you Karthik.

-myfx-
-happyTrading-myFx.
  • #114
  • Mar 23, 2009 6:41am Mar 23, 2009 6:41am
GU retracement over...long again...looking for 10-15 pips and a quick exit...long at 1.4620...
  • #115
  • Mar 23, 2009 6:47am Mar 23, 2009 6:47am
Quoting ns_karthik
GU retracement over...long again...looking for 10-15 pips and a quick exit...long at 1.4620...
exiting the long...we are getting close to the US session open and lot of fake moves are generated by the new traders coming in so that they can get the pairs at the rates that they want...so exiting and watching...
  • #116
  • Mar 23, 2009 6:51am Mar 23, 2009 6:51am
Quoting ns_karthik
ranging market now....US session could provide next direction....i feel the jpy crosses are strong....so US session could see strength in UJ which should push up EJ and GJ....
Gr8 day karthick...

can u post the charts of your trades if possible... i'm also not very clear with ur entry and exit in scalps.. looking to learn more....


My trade plan

As the UJ has a good S/R line at 96.60, i'm waiting to long this pair if price come down to this level.
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #117
  • Mar 23, 2009 6:56am Mar 23, 2009 6:56am
thanks Sivaji....as u would have seen, i have posted the GJ and EJ chart right in the morning and am playing by those charts only....also, i have also attached the indicator in one of my posts....u can attach that to charts in MT4 and see it urself....

as u can see, i have taken abt 20 trades so far today and so it would be difficult to show each and every entry and exit.....but u can see all these entry and exit are as per the S & R in the charts....

sometimes, everyone needs to put in some effort as well...:-))...
  • #118
  • Mar 23, 2009 6:59am Mar 23, 2009 6:59am
Quoting ns_karthik
thanks Sivaji....as u would have seen, i have posted the GJ and EJ chart right in the morning and am playing by those charts only....also, i have also attached the indicator in one of my posts....u can attach that to charts in MT4 and see it urself....

as u can see, i have taken abt 20 trades so far today and so it would be difficult to show each and every entry and exit.....but u can see all these entry and exit are as per the S & R in the charts....

sometimes, everyone needs to put in some effort as well...:-))...
Sorry, i just open the thread and did'nt check the previous post.....
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #119
  • Mar 23, 2009 7:01am Mar 23, 2009 7:01am
Quoting sivaji
Sorry, i just open the thread and did'nt check the previous post.....
thats ok....no need to be sorry abt anything...:-))...
  • #120
  • Mar 23, 2009 7:21am Mar 23, 2009 7:21am
Long @ 96.61 tp=97.35 and sl=96.30
once the pair go +20 pips i'll move the sl to breakeven/trailing stop.

Already change the sl to BE. any comment are most welcome
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
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