Trading using Murray Maths and Price Action | Page 24 | 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

  • #461
  • Mar 31, 2009 7:35am Mar 31, 2009 7:35am
got fed up of shorting and so for the forst time today, am long on GU and GJ and am in the green already...
  • #462
  • Mar 31, 2009 7:52am Mar 31, 2009 7:52am
What is one of your preferred setups?
  • #463
  • Mar 31, 2009 8:05am Mar 31, 2009 8:05am
Quoting ns_karthik
got fed up of shorting and so for the forst time today, am long on GU and GJ and am in the green already...


hehehehe...got out with 90 pips on GJ and 40 pips on GU....
  • #464
  • Mar 31, 2009 8:07am Mar 31, 2009 8:07am
Quoting mastergunner
What is one of your preferred setups?

nothing special in the setup....watch when price approaches S or R.....watch PA and go short or long accordingly...pls go thru the thread and i am sure u will understand...
  • #465
  • Mar 31, 2009 8:08am Mar 31, 2009 8:08am
now GJ retracing to previous resistance turned support....long again...
  • #466
  • Mar 31, 2009 8:11am Mar 31, 2009 8:11am
Alright,

Wanna see if I got this right. USDJPY initially rejected the Ultimate Resistance line. Must have had a change of heart because a nice bull candle made itself present. I waited for the break of the previous candle's high that was above the resistance line, it danced a bit, then broke upwards and I took 20 pips.

Granted this was a one time trade, but was wondering if I'm correctly, by your standards, making use of price action along with Murray Math.

Bought 98.55. Sold 98.77. 1 lot traded for $222.70 profit.

*****

Having a second gander at it, I realized I pretty much purchased around the first line between the Ultimate Resistance the the Overshoot and closed out at the last line between those two.

More or less a coincidence at this point I would think, but perhaps my attention needs to be closer to those lines as well.
  • #467
  • Mar 31, 2009 8:14am Mar 31, 2009 8:14am
Quoting ns_karthik
now GJ retracing to previous resistance turned support....long again...

got out with 43 more pips........approaching small resistance at 142.2...
  • #468
  • Mar 31, 2009 8:15am Mar 31, 2009 8:15am
EURJPY has pushed through resistance for the third time on H1, but wait for a closed candle.
  • #469
  • Mar 31, 2009 8:17am Mar 31, 2009 8:17am
Quoting mastergunner
Alright,

Wanna see if I got this right. USDJPY initially rejected the Ultimate Resistance line. Must have had a change of heart because a nice bull candle made itself present. I waited for the break of the previous candle's high that was above the resistance line, it danced a bit, then broke upwards and I took 20 pips.

Granted this was a one time trade, but was wondering if I'm correctly, by your standards, making use of price action along with Murray Math.

Bought 98.55. Sold 98.77. 1 lot traded for $222.70 profit.

*****

Having a second...

if i have understood u correctly, i guess what u have done is a perfect trade...a break of previous which is just above a resistance line is a perfect setup to go long as long as u r sure that the break would hold....
  • #470
  • Mar 31, 2009 8:29am Mar 31, 2009 8:29am
Wow what was caused those spikes on the Euro pairs...
I was caught off guard shorting E/J...
Time to go to sleep.. not a good day for me...
  • #471
  • Mar 31, 2009 8:30am Mar 31, 2009 8:30am
Quoting JFXtrader
Wow what was caused those spikes on the Euro pairs...
I was caught off guard shorting E/J...
Time to go to sleep.. not a good day for me...
sorry abt that mate....

nothing special happend....it was just building all these hrs...
  • #472
  • Mar 31, 2009 8:32am Mar 31, 2009 8:32am
I'm just passing by to visit your thread; hope you don't mind if I give my occasional 2 cents worth.

Thanks.
  • #473
  • Mar 31, 2009 8:41am Mar 31, 2009 8:41am
Quoting andyre
I'm just passing by to visit your thread; hope you don't mind if I give my occasional 2 cents worth.

Thanks.

sure...everyone is welcome to post their thoughts in here...
  • #474
  • Mar 31, 2009 8:42am Mar 31, 2009 8:42am
Quoting ns_karthik
sorry abt that mate....

nothing special happend....it was just building all these hrs...
Wow... They looked like news to me...

Some days you just gotta know when enough is enough...
  • #475
  • Mar 31, 2009 8:48am Mar 31, 2009 8:48am
Quoting JFXtrader
Wow... They looked like news to me...

Some days you just gotta know when enough is enough...
dont get too down on urself....u will have such days...i am sure u will recover everything and more tomorrow...
  • #476
  • Mar 31, 2009 8:56am Mar 31, 2009 8:56am
Quoting ns_karthik
got out with 43 more pips........approaching small resistance at 142.2...
hi ns_karthik, i just want to say a big thanks for this thread coc i'm learning a lot. No matter what Price action is the kinghttp://www.forexfactory.com/images/icons/icon14.gif

Success is not an event. it is a process.
  • #477
  • Mar 31, 2009 8:57am Mar 31, 2009 8:57am
Quoting ns_karthik
dont get too down on urself....u will have such days...i am sure u will recover everything and more tomorrow...
Thanks for your encouraging words, man...

One of the things I like best about forums is that many times you find relief in people you might never get to meet in person...

It's only a trade, I know... proper MM is the key

Thanks again man
  • #478
  • Mar 31, 2009 9:03am Mar 31, 2009 9:03am
EURJPY on H1 has just opened a fresh bar above resistance.
  • #479
  • Mar 31, 2009 9:28am Mar 31, 2009 9:28am
Quoting ataviano
hi ns_karthik, i just want to say a big thanks for this thread coc i'm learning a lot. No matter what Price action is the kinghttp://www.forexfactory.com/images/icons/icon14.gif

Success is not an event. it is a process.

thanks mate...
  • #480
  • Mar 31, 2009 9:29am Mar 31, 2009 9:29am
Quoting JFXtrader
Thanks for your encouraging words, man...

One of the things I like best about forums is that many times you find relief in people you might never get to meet in person...

It's only a trade, I know... proper MM is the key

Thanks again man

thats ok mate...theres always tomorrow.....i am happy with this forum cos i get to meet so many great traders from all across the globe...
0 traders viewing now