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Trading using Murray Maths and Price Action

  • #241
  • Mar 29, 2009 11:29pm Mar 29, 2009 11:29pm
absolutely no bounce from any support....suggests things are very very bearish.....selling at all breaks of all supports.....doing good so far....dont get greedy though...
  • #242
  • Mar 29, 2009 11:34pm Mar 29, 2009 11:34pm
Quoting ns_karthik
huge volume on the last 5 M bar in GJ....this might be the place where there is a decent bounce/retracement....

bounce of 45 pips so far on the GJ....so maybe this was the stopping volume....hmmm....
  • #243
  • Mar 30, 2009 12:26am Mar 30, 2009 12:26am
I just finished a trade G/C short 1.6337 closed at 1.6265. +72 pips nice way to start the week for me. Was aiming at 1.6235 & it might get there but will not try to get greedy.
  • #244
  • Mar 30, 2009 12:38am Mar 30, 2009 12:38am
finally another member has posted in here...i was getting tired of this monologue....if i dont get any active participation in here, i might have to quit this thread.....
  • #245
  • Mar 30, 2009 1:08am Mar 30, 2009 1:08am
Quoting ns_karthik
finally another member has posted in here...i was getting tired of this monologue....if i dont get any active participation in here, i might have to quit this thread.....
Hi, Karthik...

I wasnt care to have an account in FF until i found this thread..

Thanks for starting this thread..

hoping to learn much from you and other members as well..
  • #246
  • Mar 30, 2009 1:12am Mar 30, 2009 1:12am
Hi

ns

_

karthik

,thank You for starting this thread,Murray M is something to work on I started today .I took some little trades with G/Y got some pips in green but could not let it go to catch 200 pip maybe next time.
Great

analizys

!!

Zuzia 9

  • #247
  • Mar 30, 2009 1:18am Mar 30, 2009 1:18am
Hi Karthik,

GJ is approaching 0/8 mm line, i guess its going to bounce soon. If it bonuses, I may go for long but still plenty of room for short.

-myfx-
-happyTrading-myFx.
  • #248
  • Mar 30, 2009 1:20am Mar 30, 2009 1:20am
thanks all for showing some activity in here....and i am very happy to see people, who have not posted very much in FF, doing some posting as well...very happy to see....

I can see that GJ and EJ have broken major supports......would have to see whether the break holds....
  • #249
  • Mar 30, 2009 1:23am Mar 30, 2009 1:23am
Quoting ns_karthik
thanks all for showing some activity in here....and i am very happy to see people, who have not posted very much in FF, doing some posting as well...very happy to see....

I can see that GJ and EJ have broken major supports......would have to see whether the break holds....
shorted both at small bounce towards support turned resistance.....green so far...:-))...
  • #250
  • Mar 30, 2009 1:25am Mar 30, 2009 1:25am
with GBPCHF near strong support, we can see that EJ is falling faster than GJ....
  • #251
  • Mar 30, 2009 1:27am Mar 30, 2009 1:27am
Quoting ns_karthik
shorted both at small bounce towards support turned resistance.....green so far...:-))...
exit both shorts with 48 pips profit...
  • #252
  • Edited 1:48am Mar 30, 2009 1:32am | Edited 1:48am
Hi folks,

ive been lurking around since yesterday and found this interesting stategy..what i want to ask is..

what Period did you all use? 64 for default in H1 TF? should i change to 128 when im using M30 TF?

which level do i need to pay attention to?

thks,
Max
  • #253
  • Mar 30, 2009 1:44am Mar 30, 2009 1:44am
Quoting ns_karthik
exit both shorts with 48 pips profit...

Good for you man.....I completely missed the trade today (I was in and out, so no time to concentrate). Now i am waiting for the right moment to enter.

-happy trading: -myfx-
-happyTrading-myFx.
  • #254
  • Mar 30, 2009 1:47am Mar 30, 2009 1:47am
Quoting Maxoxide
Hi folks,

ive been lurking around since yesterday and found this interesting stategy..what i want to ask is..

what Period did you all use? 64 for default in H1 TF?

which level do i need to pay attention to?

thks,
Max
yes, we use 64 for default with 1H...u need to be paying specific attention to all even number MM levels, eg. 0/8, 2/8, 4/8 and 6/8....
  • #255
  • Mar 30, 2009 1:52am Mar 30, 2009 1:52am
ns_karthik G/Y is on -1/8 H1 would You sell to -2/8? We are on 61.8% from131.40 -145.16.
Zuziz9
  • #256
  • Mar 30, 2009 1:55am Mar 30, 2009 1:55am
Quoting ns_karthik
yes, we use 64 for default with 1H...u need to be paying specific attention to all even number MM levels, eg. 0/8, 2/8, 4/8 and 6/8....
thks mate..will learn to use it in demo for now..

Max
  • #257
  • Mar 30, 2009 2:35am Mar 30, 2009 2:35am
Hi Khartik,

Can you explain to me one more time regarding the timeframe you are using and looking at when you enter & exit trade?

I dont really get it from your previous posts


Thankss
  • #258
  • Mar 30, 2009 2:48am Mar 30, 2009 2:48am
Good morning all,

I missed my initial entry on this trade but all my initial targets that I calculated using the murry math were right on. What usually happens when price goes to the overshoot numbers for example, -1/8, -2/8?

I think this is a great thread and have learned so much here.

THANKS!



Quoting kohorok
Hi Khartik,

Can you explain to me one more time regarding the timeframe you are using and looking at when you enter & exit trade?

I dont really get it from your previous posts


Thankss
  • #259
  • Mar 30, 2009 2:49am Mar 30, 2009 2:49am
Quoting zuzia9
ns_karthik G/Y is on -1/8 H1 would You sell to -2/8? We are on 61.8% from131.40 -145.16.
Zuziz9

well, i guess u would have got ur answer by now....easy day trading so far....keep shorting all the day and u will get into profits....
  • #260
  • Mar 30, 2009 2:50am Mar 30, 2009 2:50am
Quoting kohorok
Hi Khartik,

Can you explain to me one more time regarding the timeframe you are using and looking at when you enter & exit trade?

I dont really get it from your previous posts


Thankss
Hi,
i use the 1H timeframe....an indicator has been posted yesterday which plots the 1H timeframe MM levels irrespective of the TF of ur charts....use that...i find it to be of high use....
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