5 Minutes MM

This the new development I am expermenting in 5 Minutes chart and work in all currency pairs. The tools required for this are as follows

Murry Maths Line
QQE Alert
Heiken Ashi
Bull Indicator

The trade is conducted when the candles are placed in the critical level in
murrey Maths line and followed by QQE Alert and bulls indicator show significant strength in the movement

Entry Long or short: Confirmation of the following

Candles are placed in critical Level
QQE Alert
Bull indicator shows significant movement
Colour change in HA

Murrey Maths details as picked from the indicator:

Line 8/8 è 0/8 (Ultimate Support and Ultimate Resistance).
// * Those lines are the most strong concerning Support and esistance.
// ============================================================================================
//* Line 7/8 (Weak, Place to Stop and Reverse).
//* This line is weak. If suddenly the price was going too fast and too far and stops around this line
//* it means the price will reverse down very soon. If the price did not stop near this line this price
//* will continue the movement to the line 8/8.
// ============================================================================================
//* Line 1/8 (Weak, Place to Stop and Reverse).
//* This line is weak. If suddenly the price was going too fast and too far and stops around this line
//* it means the price will reverse up very soon. If the price did not stop near this line this price
//* will continue the movement down to the line 0/8.
// ============================================================================================
//* Line 2/8 and 6/8 (Pivot, Reverse)
//* Those two lines yield the line 4/8 only to the strength to reverse the price movement.
// ============================================================================================
//* Line 5/8 (Top of Trading Range)
//* The price is spending the about 40% of the time on the movement between the lines 5/8 and 3/8.
//* If the price is moving near line 5/8 and stopping near the line during the 10 - 12 days so it means
//* that it is necessary to sell in this "bonus zone" (some people are doing like this) but if the price is keeping the tendency to stay above
//* 5/8 line, so it means that the price will be above. But if the price is droping below 5/8 line it means that the price will continue
//* falling to the next level of resistance.
// ============================================================================================
//* Line 3/8 (Bottom of Trading Range).
//* If the price is below this line and in uptrend it means that it will be very difficult for the price to break this level.
//* If the price broke this line during the uptrend and staying above during the 10 12 days it means that the price will be above this line
//* during the 40% of its time moving between this line and 5/8 line.
// ============================================================================================
//* Line 4/8 (Major Support/Resistance Line).
//* It is the major line concerning support and resistance. This level is the better for the new sell or buy.
//* It is the strong level of support of the price is above 4/8. It is the fine resistance line if the price is below this 4/8 line.

Helllo.. harigp

i am happy to be first one to replay your thread.. i can see another usefull thread you have open .. hope to learn from you.

waiting nice chart

EU,GU and GJ has gone to extreme level after the announcemnt of New Home sales and the candles reached to the extreme in MM Lines and placed contracts accordingly . The result attached on test basis.

Just to show you the examples of MM critical Levels

Looks very nice. About QQE Alert. Do we wait for candle close?

Yes we have to wait for the candle close and if you practice this any any of the currency FX is not that difficult.

I went for short in EU this evening after the news announcment and I was sure that the EU is going to fall after reaching the critical level and it did.

The movement upwards was in seconds in EU and is difficult to catch that movement for long and the only possibiltiy is to go for short after the candle reaches the MM critical level

This is not a news based system but to explain the significance of critical levels of pricing

hello harigp,

can u post a screenshot of a valid entry signal please ? would be easier to learn from.

thank you,
tex

don't the murrey math lines change as time passes?

Yes it does when there is significant movement in price and we execute contracts just based on 5 minute charts where the price the resides
and all codnditions met

see the first chart

How do we use the other indicators with the MM? you only show the MM.

thaks

Been looking at MM again recently, so interested to see how this thread develops.

gray.

Based on Post 9 GJ has now touched 142.66. Moved from the MM golden line
141

hi Criss

The two Main indicators are HA and Bull. The Bull is used to check whether there are enough buyers or sellers at the time of price reaching the MM levels
if there are not enough buyers or sellers eventhough you have Q alert and price sitting at the critcial level you may get stopped out etc.

The HA provides us the advanced indication of what can come next

hey hariqp, thanks for your response, could you possibly show a picture of a trade?

Chart

Price was not able to break the MM Gold Line I took small short for +23 pip
The HA candles had mixed colour in the MM gold line area

Bit of advise for the new members is that for any system you are using keep
your demo Account equity deposit between $ 50 to $ 100 to check
how you fare with the system and you are able to overcome the DD in case if you have taken the hastey steps in executing the contracts.

Hi Harigp, the murray math indicator is not working. Could you please upload again. I think the .ext is causing it to not work.
Thanks

MM

here u are