Trading using Murray Maths and Price Action

Karthik,

GREAT THREAD!
I've just got though half of it...I'll post some questions after I get through the second half.

this has played nicely off the 1.1383
edit: out at 1.1460

[FONT='Verdana','sans-serif']"The best way to make money is to be patient with our profits and impatient with our losses"[/font]

[FONT='Verdana','sans-serif']Great quote Karthik![/font]
[FONT='Verdana','sans-serif']It's going in my book of fame[/font]
[FONT='Verdana','sans-serif'][/font]

thanks mate....

good for u mate....

Everyday lot of traders ask me what trading system i use and they also ask my opinion about what trading systems they can use. The best advice that any experienced trader can give to another inexperienced one is to find things yourself. Not only in trading, in any sphere of life, only those things which we learnt by ourselves and which we spent time in understanding and imbibing would stay with us throughout our life. Those things which are got for free without much effort would either not stay with us at all or would leave us soon. We would understand the full value of anything only if we struggle and achieve it.

So try and learn trading and systems on your own. Go around the net, look into forums and forex sites, read read and read and gain as much knowledge about all the things as you can. The net has an equal number of scamsters and very helpful people as well. So be careful and spend your time finding out who the scamsters and who the nice guys are. Of course, you would lose money and time in the process but it would be well worth it. Learn the basics first, then how to see the charts, then learn the important indicators and then try to develop your own trading system. Of course, lots of system are freely available on the net. Learn as many as you can and if you feel comfortable with any of them , go ahead and use it. Or find out the good points of the system and try to incorporate them into your own.

Even today, though i may have 2-3 trading systems of my own, i spend every weekend trying to look for a new trading system which is better than my current one. I look around the forums and also look at the charts myself to develop my own. No trading system would be 100% successful but you can keep looking for systems which get close to that figure. The closer you get, the more money you would make. The process of learning and improving never stops. So keep reading and keep learning. It will always be useful whichever stage of your life (trading and otherwise) you are in..

So try and learn trading and systems on your own. Go around the net, look into forums and forex sites, read read and read and gain as much knowledge about all the things as you can. The net has an equal number of scamsters and very helpful people as well. So be careful and spend your time finding out who the scamsters and who the nice guys are. Of course, you would lose money and time in the process but it would be well worth it. Learn the basics first, then how to see the charts, then learn the important indicators and then try to develop your own trading system. Of course, lots of system are freely available on the net. Learn as many as you can and if you feel comfortable with any of them , go ahead and use it. Or find out the good points of the system and try to incorporate them into your own.

yes sir.
Thanx bro

nice ranging going on in all major currencies...

Thank you all for this wonderfull thread (especially Karthik).
I'm relativley new to trading.

This might be a dumb question, but how do you get these MM levels to appear in MT4.

I realize on post #235 there is a download, but I can't figure out how to get the download to sync in with MT4.

Any suggestions from the group?
I don't trade out of MT4, I've been trading with Oanda, so I'm still learning the "in's and out's" of MT4.

Thanks!

well, u need to load the indicator into the folder for indicators.....ur MT4 ould have created a folder under 'Program Files', go into that, then to experts, then to indicators and paste the indicator (mq4) file there...then close and open ur MT4 and u will see the indicator in the 'custom indicator' list....drag and drop that into ur chart....

here is our daily dose of Sneha.....

GC broke thru resistance and moving towards very strong resistance at 1.6602

I have very strong feeling that EU also going to tank very hardly ,4/8MM not so far 1.3284 after it failed to sustain UP expected for few days .


fontu

it could....i am expecting EJ to go down hard...so maybe EU would be the catalyst...

GJ has made several attempts to break 142.8 but has failed....break of 140.6 and we go down a lot...break of 142.8 and we go up a lot...till then we will have ranging...

EU looks a bit oversold on the 1 hr at the moment and Dow up. Maybe a bounce up b4 the fall
Q

Karthik,

Thanks for helping me get the indicator into MT4.
Just out of curiousity, how often are these levels adjusted and will they be automatically adjusted within the MT4 platform?

Karthik,

Looking forward to your responses.
One more question.
If I'm understanding this correctly, shouldn't the G/U be reversing by now?
It just seems to keep plowing through the 8/8, +1/8, up to the +2/8 level.
SEE ATTACHMENT.

Any comments?!

Sorry.... wrong screen shot
HERE IS THE RIGHT ONE.


"Karthik,

Looking forward to your responses.
One more question.
If I'm understanding this correctly, shouldn't the G/U be reversing by now?
It just seems to keep plowing through the 8/8, +1/8, up to the +2/8 level.
SEE ATTACHMENT.

Any comments?!"

Whoa...
MT4 just automatically adjusted the G/U levels, as soon as price broke through the +2/8. Is that how the levels always adjust?

Sorry for so many posts....
I'll wait for some answers now.

Thanks!