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Trading using Murray Maths and Price Action

  • #281
  • Mar 30, 2009 5:54am Mar 30, 2009 5:54am
Quoting riskyachtar
hi about EU

looks nice...is this the same one as that in this thread??
  • #282
  • Mar 30, 2009 5:56am Mar 30, 2009 5:56am
Very interesting system karthik, thanks for sharing it with us, I am demoing using it. Keep up the good work(when you have time) and know that you will never be alone on this thread!
  • #283
  • Mar 30, 2009 6:11am Mar 30, 2009 6:11am
GBP/USD is testing the ultimate resistance, and we also have a pin bar there, this might be interesting. I could be wrong though
  • #284
  • Mar 30, 2009 6:19am Mar 30, 2009 6:19am
I've never posted on forex factory but I read some of the forums and I use the home page daily. I've came across this forum tonight( or early morning 4am PST in sunny Cali) luckily and I've read everything while trading tonight. Like you and everyone else, tonight was a pippin night.


about me: Trading live for over a year, demo for two years, trade daily, obsessed, trading will be my futuristic life long journey, still a college student, Economics major, 26 years of age! Finally coming out of the dark to say hello and give some feedback and as well add some ideas.

I use price action with support and resistance while incorporating FIB levels (retracements) and absolutely no indicators. Indicators= blow your account.

I just wanted to say: It is great to find another group who are dedicated to price action and not the b/s lagging indicators (which i've spend 100 hours analyzing and adjusting and losing pips)

I'll add my two cents and my strategy: which can be added or used in relation to this MM strategy......After I get some zzzzz's over 800pips tonight... tired..

Broker:fxcm Micro acc:
  • #285
  • Mar 30, 2009 6:26am Mar 30, 2009 6:26am
Quoting 4xleader_82
I've never posted on forex factory but I read some of the forums and I use the home page daily. I've came across this forum tonight( or early morning 4am PST in sunny Cali) luckily and I've read everything while trading tonight. Like you and everyone else, tonight was a pippin night.


about me: Trading live for over a year, demo for two years, trade daily, obsessed, trading will be my futuristic life long journey, still a college student, Economics major, 26 years of age! Finally coming out of the dark to say hello and give some feedback and as...

Good trade man....congratulations.


-happyTrading: - myfx -
-happyTrading-myFx.
  • #286
  • Mar 30, 2009 6:42am Mar 30, 2009 6:42am
Quoting 4xleader_82
I've never posted on forex factory but I read some of the forums and I use the home page daily. I've came across this forum tonight( or early morning 4am PST in sunny Cali) luckily and I've read everything while trading tonight. Like you and everyone else, tonight was a pippin night.


about me: Trading live for over a year, demo for two years, trade daily, obsessed, trading will be my futuristic life long journey, still a college student, Economics major, 26 years of age! Finally coming out of the dark to say hello and give some feedback and...

i feel very very happy to see new posters making their first post in my thread...makes me feel previleged and shows that all this effort in updating this thread is actually not a waste of time...thanks to all of you...

welcome aboard leader....yes, even i have spent so much time using indicators and have come to a conclusion that they are just a waste of time...

the fact that u have done demo for 2 yrs without being tempted to jump into a real account just for the heck of it shows that u have great discipline...that itself makes u a 90% successful trader....great that u have made 800 pips so far today and i look forward to ur continued contribution to this thread....
  • #287
  • Edited 7:11am Mar 30, 2009 7:01am | Edited 7:11am
Quoting ns_karthik
i feel very very happy to see new posters making their first post in my thread...makes me feel previleged and shows that all this effort in updating this thread is actually not a waste of time...thanks to all of you...

welcome aboard leader....yes, even i have spent so much time using indicators and have come to a conclusion that they are just a waste of time...

the fact that u have done demo for 2 yrs without being tempted to jump into a real account just for the heck of it shows that u have great discipline...that itself makes u a 90%...
Hey karthik,

Long time reader of this forums but first time poster as well. Since I began trading (about a year ago) I've been trading naked with fibs as my only indicator. I found your thread last night and been reading it with great interest.

Shorting GBP/JPY right now @ 137.50

Keep up the good work.
  • #288
  • Mar 30, 2009 7:09am Mar 30, 2009 7:09am
Quoting JFXtrader
Hey karthik,

Long time reader of this forums but first time poster as well. Since I began trading (about a year ago) I've been trading naked with Fibs as my only indicator. I found your thread last night and been reading it with great interest.

Shorting GBP/JPY right now @ 137.50

Keep up the good work.


i have shorted as well...though not very confident abt my short....:-)
  • #289
  • Edited 7:25am Mar 30, 2009 7:14am | Edited 7:25am
Quoting ns_karthik
i have shorted as well...though not very confident abt my short....:-)
Let's see how the trade goes. Giving it some breathing room. S/L set to 138.

Edit #1. Still in the trade with a 20 pip loss...
  • #290
  • Mar 30, 2009 7:19am Mar 30, 2009 7:19am
Quoting JFXtrader
Let's see how the trade goes. Giving it some breathing room. S/L set to 138.

i exited at 137.78 with 38 pips loss...might have exited too soon though...
  • #291
  • Mar 30, 2009 7:30am Mar 30, 2009 7:30am
karthik, how much do you keep a loser? Do you have a strict system based on which you exit? Or more discretion is involved?
  • #292
  • Edited 7:54am Mar 30, 2009 7:33am | Edited 7:54am
Quoting ns_karthik
i exited at 137.78 with 38 pips loss...might have exited too soon though...
with a 25 pips loss + 5 pip spread. Should have waited for a bearish 15M candle before jumping into the trade. Lesson learned.

Edit #1. Ooops the pair have just dropped back to 137.43 and heading lower. While trying to save myself some pips, I gave away the opportunity of closing at breakeven. Once a trade is in place with a S/L one shouldn't mess with it. Another lesson learned
  • #293
  • Mar 30, 2009 7:36am Mar 30, 2009 7:36am
Quoting a133x
karthik, how much do you keep a loser? Do you have a strict system based on which you exit? Or more discretion is involved?
purely by discretion....i guess thats how it should be done.SL varies by the pair, time of day, type of trend etc...
  • #294
  • Mar 30, 2009 7:41am Mar 30, 2009 7:41am
Hi Karthik,

Can i join ur thread as well?

I'm an Indian too, but living in singapore..

Into the forex market for last 3 years, trading last 2 year with my live a/c.
Trading is my part time too like most of you guys.


Hope to learn fx well with u guys help..


Happy trading all..
  • #295
  • Mar 30, 2009 8:42am Mar 30, 2009 8:42am
Quoting Blue bottle
Hi Karthik,

Can i join ur thread as well?

I'm an Indian too, but living in singapore..

Into the forex market for last 3 years, trading last 2 year with my live a/c.
Trading is my part time too like most of you guys.


Hope to learn fx well with u guys help..


Happy trading all..

WELCOME TO THE HOUSE
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #296
  • Mar 30, 2009 8:51am Mar 30, 2009 8:51am
Quoting ns_karthik
i have shorted as well...though not very confident abt my short....:-)
Karthik, by the time i saw your post.... i've notice the EJ is moving up to the MM level but GJ already sits on it... and eventually move higher. When the EJ hit the MM resistance it bring the pair down followed by GJ and UJ.

I prefer to notice this 3 jpy crosses before make a move...!
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #297
  • Mar 30, 2009 9:15am Mar 30, 2009 9:15am
Quoting JFXtrader
with a 25 pips loss + 5 pip spread. Should have waited for a bearish 15M candle before jumping into the trade. Lesson learned.

Edit #1. Ooops the pair have just dropped back to 137.43 and heading lower. While trying to save myself some pips, I gave away the opportunity of closing at breakeven. Once a trade is in place with a S/L one shouldn't mess with it. Another lesson learned

lol....i guess both of us were correct and we just chickened out....and i guess i am responsible for partly influencing u...sorry abt that...:-)...
  • #298
  • Mar 30, 2009 9:15am Mar 30, 2009 9:15am
Quoting Blue bottle
Hi Karthik,

Can i join ur thread as well?

I'm an Indian too, but living in singapore..

Into the forex market for last 3 years, trading last 2 year with my live a/c.
Trading is my part time too like most of you guys.


Hope to learn fx well with u guys help..


Happy trading all..

welcome mate....!!
  • #299
  • Mar 30, 2009 9:17am Mar 30, 2009 9:17am
Quoting sivaji
Karthik, by the time i saw your post.... i've notice the EJ is moving up to the MM level but GJ already sits on it... and eventually move higher. When the EJ hit the MM resistance it bring the pair down followed by GJ and UJ.

I prefer to notice this 3 jpy crosses before make a move...!

absolutely sivaji....in fact, the trade was perfect and as u pointed out, i was also waiting and at the back of my mind i knew that GJ was just waiting for EJ to complete its move to the MM level before both dropped together...

and the dow futures was also down by more than 100 points...all of which pointed to bearish continuation....i just chickened out...my bad....

the fact that i had to go out for an hr and hence leave my trade open didnt help...
  • #300
  • Mar 30, 2009 9:24am Mar 30, 2009 9:24am
ranging for now....but i see no way of it getting out of this bearishness with all stock markets around the world down by atleast 3%...
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