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!
Ignored
I guess you are looking at the hour chart and those will repaint often. Yesterday the Nzd/usd hour chart repainted after that big down move. The higher TF will can take even a month or more before repainting.
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?
Ignored
hi maan....the levels will change depending on how the price moves....if the price keeps ranging the levels will not change at all....while if price moves up or down fast, the levels will change...
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?!
Ignored
hey,
there is no such thing as that things should reverse or should continue in any market.....its just that at each SR level, the probability of reversal is more than the probability of continuation...that does not mean that price cannot break the SR and continue in the same direction..
yes, there is going to be a big breakout, thats for sure....and i guess it would be on the upper side...
Ignored
the breakout has come along though it was not the big bang that i had expected...slow steady up movement...there seemed a sureness and inevitability to it...
Ns karthik G/Y broke 142.80 is approaching on 1H 8/8 to get in to this trade from Your experience would You wait for come back to 142.80 or just jump in.this is only technical question ,could be another pair as example?
What do You think traders?
Zuzia9
Looks like USDCAD has broken 4/8ths major support about two hours ago. The last hour it retraced, however the bears eventually took over and left it looking like a pin bar. This current hour the candle has broken the low of the previous candle, so I decided to short. 20 pip TP and SL.
Ns karthik G/Y broke 142.80 is approaching on 1H 8/8 to get in to this trade from Your experience would You wait for come back to 142.80 or just jump in.this is only technical question ,could be another pair as example?
What do You think traders?
Zuzia9
Ignored
i would ratherv wait for it to come back...but sometimes it just runs away without coming back...its just a feel that u develop for the market...fi u feel that it wont come back, just get in....but if it does come back, it usually comes back within 10 mins of breaking...anyway, i am long from 143.10...
Me to I got in 143.28 .TP 143.75 but on the way resistance 2 daylie 143.37
stop loss always to short 25-30pips.
G.L
5m below5/8 may retrace to 4/8 ,
what Your experience say?
Zuzia9
Two hours ago, price bounced off the top of the trading range. It happened again an hour later. That particular bar ended up as an indecisive bearish spinning top. The current hour now has broken the low of the spinning top. Shorting for 20 pips TP and SL.
Still in the USDCAD trade. Was considering getting out as it was having a difficult time creeping up to my profit target. It's at 10 pips at the moment and just sitting there looking like a dummy.
Eh.. what the hell. Going to close it out and run off giggling with my 10 pips.
Thank you for your opening this thread. I am a Forex Trader based in Japan.
I would like to learn abt this Murray math technique. Can you please mail the pdf that you were talking about to me at [email protected] ...
Looking forward for your reply....
Ignored
Sameer,
this has already been posted on this thread....pls click on the attacment (one with the clip on the top right of the page) and u can find the pdf file there....
Two hours ago, price bounced off the top of the trading range. It happened again an hour later. That particular bar ended up as an indecisive bearish spinning top. The current hour now has broken the low of the spinning top. Shorting for 20 pips TP and SL.
Still in the USDCAD trade. Was considering getting out as it was having a difficult time creeping up to my profit target. It's at 10 pips at the moment and just sitting there looking like a dummy.
Eh.. what the hell. Going to close it out and run off giggling with my 10 pips.
Karthik, I have been following this thread and have read all your great advice. It sounds like you know your stuff. I was just wondering... how long have you been consistently profitable trading this strategy live?
Karthik, I have been following this thread and have read all your great advice. It sounds like you know your stuff. I was just wondering... how long have you been consistently profitable trading this strategy live?
Ignored
as i have said many times, my target is 50 pips a day and with this method, i have been making that target every single day right from last March 2008.....it might seem small but if u compound it, u will realise that it is a huge number within 6 mnths....i also use this same method when i work for others to manage their funds and i have found it successful for them as well....
If u want, i can post a simple excel to show u how much u would be earning when u start with just $1000 but u get 50 pips consistently every day with just 3% leverage...within 6 mnths, u would be earning a lot of money...u can check it out urself...
Trading using Murray Maths and Price Action
