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Trading using Murray Maths and Price Action

  • #441
  • Mar 31, 2009 5:47am Mar 31, 2009 5:47am
Eu may retest +2/8MM area in 15M tf or flat for now , longs are healthy ,to close & retake as per US news .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #442
  • Mar 31, 2009 6:12am Mar 31, 2009 6:12am
having US news negative , just take shorts in EU,GU for 20pips each & now ready for long & actually did to back the previous sr again but should not move much before next news after 30 minutes & hence scalping 2pips 5pips .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #443
  • Mar 31, 2009 6:18am Mar 31, 2009 6:18am
Quoting JFXtrader
In the middle of a mess here... shoulda stop trading earlier...

Tried to long the support... went against me... 40 pips what the heck was I thinkin'... played the hedge method at 130.93... Now right in the middle -20 on my short, -20 on my long...

Tryin' to see where is ti heading to get out of this fugly hedge...

Edit # 1. Off the Long @ 0 pips (at least not a loss). Still have this ugly Short -40 pips at this moment...
thats too bad mate....thats a bad habit which everybody goes thru....it takes long to give up this habit....even after giving up this habit....u often relapse into this habit....it happens to everyone....even i do it once in a while....happens....be happy that it is just 40 pips.....lesson learnt...
  • #444
  • Mar 31, 2009 6:27am Mar 31, 2009 6:27am
Karthik, looks like the EJ and UJ find supports at the thin lines (UJ at 98.34 and EJ at 130.86 while GJ hit the 2/8th.

I have take a long on UJ @ 98.42... lets see how it reacts !!!
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STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #445
  • Mar 31, 2009 6:33am Mar 31, 2009 6:33am
shorted eurgbp @ 93.05
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STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #446
  • Mar 31, 2009 6:35am Mar 31, 2009 6:35am
Quoting Edonya
Unfortunately it wasnt a nice pin bar so i let it pass and i wont go long as that needs an aggressive trader.
i got 40 pips from it.
I am long on EU(from 1.3300 TP is at 1.3330) due to conflunce of the MM and the 365 EMA on i hr TF.
Thanks

Edward
be careful with the longs mate...we are just on support now...
  • #447
  • Mar 31, 2009 6:36am Mar 31, 2009 6:36am
Quoting sivaji
Karthik, looks like the EJ and UJ find supports at the thin lines (UJ at 98.34 and EJ at 130.86 while GJ hit the 2/8th.

I have take a long on UJ @ 98.42... lets see how it reacts !!!
i really would not long UJ here esp. with a double top at 98.65...
  • #448
  • Mar 31, 2009 6:36am Mar 31, 2009 6:36am
Quoting andyre
This is the third hour that bulls are testing the resistance line at EURJPY; patience is a virtue. Stick around.
yep waiting to see what it would do...i guess it all depends on how dow jones closes today...it has opened positively....
  • #449
  • Mar 31, 2009 6:38am Mar 31, 2009 6:38am
Quoting andyre
MurreyMath is just one of three indicators I use along with a colored RSI histogram and its cousin Laguerre (which is another variation of RSI), and are most important in determining my entry/exit points in all trades, and quite accurately. MurreyMath plays a secondary role only.
Judgement, timing and patience are key to success, as indicators are only tools. I trade the H1 chart, as it is midway between M1 and MN, not being too fast or slow. The daily chart can make you wait for trades happening at H1, so I prefer H1.
I also wish to correct a typo...

cool maan....maybe something for us to try over the weekend...
  • #450
  • Mar 31, 2009 6:40am Mar 31, 2009 6:40am
The following is a link with hundreds of compiled indicators for downloading...enjoy and experiment.

http://www.forextradingplus.com/indi...=asc&start=500
  • #451
  • Mar 31, 2009 6:47am Mar 31, 2009 6:47am
Quoting ns_karthik
thats too bad mate....thats a bad habit which everybody goes thru....it takes long to give up this habit....even after giving up this habit....u often relapse into this habit....it happens to everyone....even i do it once in a while....happens....be happy that it is just 40 pips.....lesson learnt...
Hey Karthik,

Can't believe I survive this. I was able to come out clean (to the pip) from the hedge. It's been a long, long time I haven't done it... who knows what I was thinking (revenge trade comes to mind LOL).Thanks for the advice... Tonight I promised myself not to fall again for the hedging method and just take the loss...
  • #452
  • Mar 31, 2009 6:48am Mar 31, 2009 6:48am
Very risky news time ,beware ! not lust for many pips .This shorts after negative news may reverse anytime by 4 minutes .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #453
  • Mar 31, 2009 7:02am Mar 31, 2009 7:02am
Quoting JFXtrader
Hey Karthik,

Can't believe I survive this. I was able to come out clean (to the pip) from the hedge. It's been a long, long time I haven't done it... who knows what I was thinking (revenge trade comes to mind LOL).Thanks for the advice... Tonight I promised myself not to fall again for the hedging method and just take the loss...

thats cool maan...good for u...i am happy for u...u are doing well...took a short on GJ for 16 pips...
  • #454
  • Mar 31, 2009 7:08am Mar 31, 2009 7:08am
Cb consimer confidence US negative , better than previous & worse than expected.

prospect of the last buy for the day not bad yet.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #455
  • Mar 31, 2009 7:08am Mar 31, 2009 7:08am
small short on GJ again at 140.60...
  • #456
  • Mar 31, 2009 7:15am Mar 31, 2009 7:15am
Quoting ns_karthik
thats cool maan...good for u...i am happy for u...u are doing well...took a short on GJ for 16 pips...
Hey Karthik,

Thanks for your kind words *and guidance* man...

This afternoon I was interrupted by the fugly news I wrote you over PM... Wanted to ask you: are you trading for the fund now... or this are your calls? your method as well as your trading amount/speed is kinda overwhelming specially for *us* newbies around...
  • #457
  • Mar 31, 2009 7:16am Mar 31, 2009 7:16am
suddenly nowadays GJ and EJ seem to follow the stock markets closely....hmmm...
  • #458
  • Mar 31, 2009 7:25am Mar 31, 2009 7:25am
beautiful daily bullish pin bar on GU.....
  • #459
  • Mar 31, 2009 7:33am Mar 31, 2009 7:33am
Quoting ns_karthik
be careful with the longs mate...we are just on support now...
I was very careful on the long on EU but i managed to get the 30 pips and right now i am watching. To see the probable pair to take.

Do you use any other indicators like fibs.MACD or MA apart from the MM.
Thank you.
  • #460
  • Mar 31, 2009 7:34am Mar 31, 2009 7:34am
Quoting Edonya
I was very careful on the long on EU but i managed to get the 30 pips and right now i am watching. To see the probable pair to take.

Do you use any other indicators like fibs.MACD or MA apart from the MM.
Thank you.

i use the fibs sometimes...i dont use any other indicators...good for u on the EU long..
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