Trading using Murray Maths and Price Action | Page 14 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Maths question and MT4 compiler/tester issue? 25 replies

Murray maths indicator question 2 replies

Do i need to be a maths genius? 12 replies

How important is a knowledge of maths? 96 replies

Stupid maths 19 replies

Attachments: Trading using Murray Maths and Price Action
Exit Attachments

Trading using Murray Maths and Price Action

  • #261
  • Mar 30, 2009 2:52am Mar 30, 2009 2:52am
Hi Guys,

Just closed my GJ with +40 pips.

-Happy trading: -myfx-
-happyTrading-myFx.
  • #262
  • Mar 30, 2009 2:53am Mar 30, 2009 2:53am
Quoting easyliving
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!
thats ok mate...missing entries is a part of the game...even i missed entries in EU, GU and AU cos i was focussing only on EJ and GJ.....even if the price goes to the overshoot numbers, i treat them as any other MM level....i would be a bit careful though as it means that if price goes to the overshoot numbers, it means that the pair is oversold/overbought and so might correct at any point of time...
  • #263
  • Mar 30, 2009 3:01am Mar 30, 2009 3:01am
Hi Karthik,
I read your thread last night and i find it interesting, it relates to me since I am a PA trader and an scalper as well.
My Questions is:
Is there a significant importants on your s/r? or you treat them all the same?

Thanks.
  • #264
  • Mar 30, 2009 3:08am Mar 30, 2009 3:08am
Yes, it is surely part of the game. Plenty of more trades to come.


Quoting ns_karthik
thats ok mate...missing entries is a part of the game...even i missed entries in EU, GU and AU cos i was focussing only on EJ and GJ.....even if the price goes to the overshoot numbers, i treat them as any other MM level....i would be a bit careful though as it means that if price goes to the overshoot numbers, it means that the pair is oversold/overbought and so might correct at any point of time...
  • #265
  • Mar 30, 2009 3:11am Mar 30, 2009 3:11am
Yes I got in ,short got over 50 pip but I do not let trade to fly.
Auch my experience/big loos/ keep me very tide with the trades.
I notice that after approaching -2/8 MM change to -1/8 on 1H TF.
We touch tradline on daily.4H -1/8 are we diving?
Zuzia9
  • #266
  • Mar 30, 2009 3:29am Mar 30, 2009 3:29am
Quoting fxachilies
Hi Karthik,
I read your thread last night and i find it interesting, it relates to me since I am a PA trader and an scalper as well.
My Questions is:
Is there a significant importants on your s/r? or you treat them all the same?

Thanks.
the even numbered MM levels are more important and stronger than the odd numbered ones.....
  • #267
  • Mar 30, 2009 3:29am Mar 30, 2009 3:29am
Quoting zuzia9
Yes I got in ,short got over 50 pip but I do not let trade to fly.
Auch my experience/big loos/ keep me very tide with the trades.
I notice that after approaching -2/8 MM change to -1/8 on 1H TF.
We touch tradline on daily.4H -1/8 are we diving?
Zuzia9

i am sorry but i am unable to understand your question....
  • #268
  • Mar 30, 2009 3:34am Mar 30, 2009 3:34am
Quoting ns_karthik
i am sorry but i am unable to understand your question....

Are we looking for bounce here? GJ, EJ and UJ have turned back to -1.8mm.

-happyTrading: - myfx -
-happyTrading-myFx.
  • #269
  • Mar 30, 2009 3:38am Mar 30, 2009 3:38am
Are we diving more or this is the moment for bigger correction when we touch -1/8 or -2/8 on 1H TF or more important TF is 4H or daylie TF?
Zuzia
  • #270
  • Mar 30, 2009 3:47am Mar 30, 2009 3:47am
Quoting myfx
Are we looking for bounce here? GJ, EJ and UJ have turned back to -1.8mm.

-happyTrading: - myfx -
looks like a small bounce so far....i think this pair should range till the beginning of the US session.....the US session will then give the direction though i feel it will be bearish at that point as well....
  • #271
  • Mar 30, 2009 3:48am Mar 30, 2009 3:48am
Quoting zuzia9
Are we diving more or this is the moment for bigger correction when we touch -1/8 or -2/8 on 1H TF or more important TF is 4H or daylie TF?
Zuzia

yes, when -1/8 or -2/8 of 1H timeframe is touched, i guess it would be a good idea to start look at the SR at higher TFs....
  • #272
  • Mar 30, 2009 3:55am Mar 30, 2009 3:55am
Quoting ns_karthik
looks like a small bounce so far....i think this pair should range till the beginning of the US session.....the US session will then give the direction though i feel it will be bearish at that point as well....

Thanks man............

-happyTrading: - myfx -
-happyTrading-myFx.
  • #273
  • Mar 30, 2009 4:05am Mar 30, 2009 4:05am
i hope that no one in here , who has made many pips today, is cheating themselves that this market is easy and it would be so easy every day....the fact is that, it is not....u get some days (like today), maybe once or twice in a month...such easy days are to reward the hard working guys for all that they have put in over the month....this does not, and i mean does not, imply that this market is easy and that everyday, u could just pick a direction and enjoy 100s of green pips....most of the days would be tough, difficult where the price will move back and forth and confuse u and cheat u out of your money...

so , dont ever think that u have mastered trading and all that u have to do is walk in, sit at ur system and make money....u have to work hard, spend lots of time studying and working.....pls keep this in mind...

this is true for me as well....
  • #274
  • Mar 30, 2009 4:05am Mar 30, 2009 4:05am
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.....
Some of us follow along with a thread without posting.. silent types... taking action though

Just thought I'd come out of a shadow and say "Hey..."
  • #275
  • Mar 30, 2009 4:13am Mar 30, 2009 4:13am
Quoting ns_karthik
i hope that no one in here , who has made many pips today, is cheating themselves that this market is easy and it would be so easy every day....the fact is that, it is not....u get some days (like today), maybe once or twice in a month...such easy days are to reward the hard working guys for all that they have put in over the month....this does not, and i mean does not, imply that this market is easy and that everyday, u could just pick a direction and enjoy 100s of green pips....most of the days would be tough, difficult where the price will move...


Newbies and experienced traders should write this on our screens to keep us reminded every single minute....Thanks for reminding Karthik.

-happyTrading: - myfx -
-happyTrading-myFx.
  • #276
  • Mar 30, 2009 4:13am Mar 30, 2009 4:13am
Quoting optik
Some of us follow along with a thread without posting.. silent types... taking action though

Just thought I'd come out of a shadow and say "Hey..."

thanks optik....so howz fiji ??
  • #277
  • Mar 30, 2009 4:19am Mar 30, 2009 4:19am
EJ and GJ broke out of the range...if the break holds, GJ could go to 137.5 and EJ to 128.13....will try and short from there.....
  • #278
  • Mar 30, 2009 5:03am Mar 30, 2009 5:03am
Quoting ns_karthik
....so howz fiji ??
... Only 16 pips per coconut/rum drink. For an extra 33 pips, you get all you can eat lobster buffet. So my 50 pip target leaves a 1 pip tip

Question about "...wait 5-10 minutes to see if level holds..." How do you feel about the following approach (using bounce as example)?
1) On 1H price reaches level
2) Switch to 5M chart and make sure the current 5M bar closes above level
3) Get confirmation by having next 5M close above level
4) Entry long

... as a general rule.. (obviously if the next (confirmation) bar bounces too high and is already at next level... there would be no entry... (discretion required))

Thank you for your input.
  • #279
  • Mar 30, 2009 5:23am Mar 30, 2009 5:23am
Quoting optik
... Only 16 pips per coconut/rum drink. For an extra 33 pips, you get all you can eat lobster buffet. So my 50 pip target leaves a 1 pip tip

Question about "...wait 5-10 minutes to see if level holds..." How do you feel about the following approach (using bounce as example)?
1) On 1H price reaches level
2) Switch to 5M chart and make sure the current 5M bar closes above level
3) Get confirmation by having next 5M close above level
4) Entry long

... as a general rule.. (obviously if the next (confirmation) bar bounces too high and is already...
Optik,
looks like a good way of explaining and bulleting what i actually do....but in this, a lot of discretion is involved and it takes practice and hard work...it will take time to learn but it is very useful....

looks like a good lunch to have....wonder when i can come to fiji and have it??
  • #280
  • Mar 30, 2009 5:33am Mar 30, 2009 5:33am
hi about EU
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 170 KB
6 traders viewing now