Trading using Murray Maths and Price Action

how and where do u see support as 96.6??

From my oanda chart (3hrs) previous resistance turn to support .. but i've closed the trade for +20pips.

triple top for EU at 1.3730....will be very hard to clear that.....

1.3550 looks like a nice s/r.... will be very good for long if price bounce here is'nt it.

hope u guys took long off the support of 140.7 for GJ.....62 pips and exit...

i hope u guys can understand that i cannot announce each and every trade that i take over here....but i guess u guys can get the idea....

absolutely, mate !!

GC approaching resistance at 1.6479...waiting for a break to go long...

I've just open the FXCM demo platform.... i'm not very familiar with MT4
can anyone help to explain how i can download the MM indicator to my platform... thanks.

download & save indicator , copy paste to C:/program file /FXCM
> expert folder > indicator folder.
restart platform to see the indicator in custom indicator ,double click to place it on the chart.
hope it will do .
fontu

Thanks a lot ,fontu.

You are welcome , hope doing well.
fontu

GJ has good support at around 140.6...bouncing around there currently...have to see what it does....was out having dinner and spending time with family when the down move happened...

here used to be a time when it was quite easy and profitable to trade the news. I used to do that for sometime. But like any other method which brings good, consistent money to the small traders, this method also caught the attention of the market makers and they have made sure that nowadays this method does not work well.

This method is very simple.
All you had to do was place a buy order 20 pips above the current price and a sell order 20 pips below the current price just 2 mins before a major news released. If the news was good for the pair, it would shoot up, trigger the buy order and go further up thus helping us sit on a very good profit. The same was true for the sell as well. But now, slowly, the market makers have come up with the strategy to stop this. They don't guarantee orders to be filled during news times. They increase the spread. They don't allow us to close our positions at the rate that we want during news times. So many strategies to stop the small traders from making easy money.


But this is good in a way. Traders have to earn through the tough ways.Traders have to understand that money cannot be made easily. Everything in this world has to be worked for and earned and nothing is for free.So traders need to keep coming up with new strategies and new methods and keep changing these periodically to keep in pace with the changing market conditions. Traders always need to be on top of their game to make money consistently which is fair enough. If you launch a business,you keep thinking about marketing etc. and you keep pushing yourself to make money. Same strategy needs to be applied for trading as well. You need to keep pushing yourself, keep learning, keep gaining knowledge for you to make money. Never stop and never stagnate. A lake does not flow and so collects filth. A river keeps flowing and that's why it is always clear. So keep working and keep flowing so that you always have a clearpath to success.

hi Guys,

I think UJ has strong support at 96.68, if it breaks, i will go for long? Any thought abt. this?

Good spot to get in. I currently have EJ long. Looking good right now. Yen is weak right now

Hi..interseting thread..I couldn't open the zip file with the Murrey Math info..it says its invalid..could someone re-post the info please..also I use a MM indicater by CJA that allows me to put all MMtime frames on one chart..it makes a big difference in trading to see all levels at once ..anyways if anyone has more info on MM please post it thanks,Chris

Morning to all. Just trying to explain PA in eurusd as per MM level properties in daily chart.

It is just below daily 4/8MMM at 1.3672 ,there were 3 recent unsuccessful attempts to break up completely and 4rth underway.

If breaks then it will be in the next upper range of top trading upto 1.3914 and unsuccessful again it will take refuge to next daily sr of 3/8 bottom range at 1.3424 or any minor sr in-between.

As I see this UP moment starts front 17th feb and just enter the bottom trading zone 3/8MMM on 17th march=30 days and as per MM 40% of the time expend in the bottom to top trading ranges 3/8MMM -5/8MMM where PA already stayed 8 days in bottom trading zone and so there maximum chances that if it break & stays the major daily SR it will be there for many days .

considering minor & baby MM PA presently 1.3666 over 7/8nMM (Weak, Stall and Reverse) 1.3641 and bMM above 6/8bMM ( pivot ,reverse major ) 1.3662.5 and just below 8/8nMM /8/8MMM 1.3672 and also in H1 chart 8/8MM as ultimate resistant) and

by properties 7/8MM This line is weak. If prices run up too far too fast, and if they stall at this line they will reverse down fast. If prices do not stall at this line they will move up to the 8/8 this line. > chances go up more now

again as above the 4/8bMM major support resistant will be difficult to break down too> again pa can stay up easily.


If fail to break ultimate SR 8/8 MMM in H1 ,4/8MMM daily ,8/8nMM all the same line of 1.3672 this 4rth attempt then it will have to go down for further support at any level below ,first consider the next daily sr 6/8MMM at

1.3428 and above this level and below PA right now next possible support 1.3608 6/8nMM pivot reverse major ,if fail then 4/8nMM major SR 1.3547 next 2/8nMM at 1.3487 but the maximum chances still remain UP from any of the supports or even daily 2/8MMM at 1.3179 can not be ruled out in extreme condition.

If it get support and break the hardest SR ahead of 1.3672 then it should consider break as if it stays above 2/8nMM line of 1.3729 otherwise as of properties of 1/8MM is weak,stall or reverse ,can come down again.

Just we to go with PA where it is without any prediction ,simply properties of that level to remember.
Hope good trading for all.

fontu

hi all...hope all u guys who were long on the jpy crosses made good money...i am long on GU based on support at 1.4648.....

GJ has done a small retrace based on resistance (strong) at 143.80.....

things going well so far..:-))...

my 4H chart closes in 25 mins...if UJ closes below 97.7 during that period, then we have a bearish pin bar which is bad for all longs on jpy crosses.....so i would exit longs on jpy crosses and re-enter if and when UJ breaks 98.00....i could be wrong but it is better to not lose any money by not trading rather than lose money by trading....u always need to look at the risk-reward ratio...

I just got out of E/J for +30 pips. I waited for it to drop & got it at 133.55. Got out at 133.85.