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Trading using Murray Maths and Price Action

  • #981
  • Apr 6, 2009 12:49pm Apr 6, 2009 12:49pm
Quoting sparrow
What do You think about UJ? 6/8 support broken?
not convincingly....
  • #982
  • Apr 6, 2009 12:50pm Apr 6, 2009 12:50pm
Quoting glass
Thank you for the quick reply . I understand what you are saying and have
seen this on my charts . So does this mean swiching one chart between
different T/F`s is not wise as on 60min price might be between 0/8 & 8/8
while on 15min price may be outside 0/8 & 8/8 . I guess my real question is
what is the best way to get a consistent mml reading ? You have mentioned below 60min is much less reliable . Is it then best to stay with 60min T/F and do you look to a shorter T/F for entry ? Just trying to understand mml as you know it .
glass
i trade the 1H SR using 5M charts...i guess this answers ur question
  • #983
  • Apr 6, 2009 12:54pm Apr 6, 2009 12:54pm
Quoting Jermy365
low down time....i dont think GJ is going to break 147.5 very easily...i gues it will take some time... __________________

Excellent call. However, why did you assume that. there are supports in and around the region but I am not seeing any precisely at 147.50

thanks germy...my MM line shows support at 147.61 and there is a lot of support in that area..price usually prefers round numbers and thats why it is 147.50...
  • #984
  • Apr 6, 2009 1:00pm Apr 6, 2009 1:00pm
E/U can close at 1.3410 for +20 pips. 1.3428 would be the next target
  • #985
  • Apr 6, 2009 1:11pm Apr 6, 2009 1:11pm
Quoting ns_karthik
i suggest that you please go thru this thread...all these questions have already been answered...
Yeah, i am going back to re-read and digest every post . Really love this MML. Thanks bro
  • #986
  • Apr 6, 2009 1:30pm Apr 6, 2009 1:30pm
A/J testing 71.87 again.
  • #987
  • Apr 6, 2009 1:31pm Apr 6, 2009 1:31pm
Quoting bigandrich
A/J testing 71.87 again.

maan,
u guys watch that pair as well......goodness...
  • #988
  • Apr 6, 2009 2:04pm Apr 6, 2009 2:04pm
Quoting ns_karthik
maan,
u guys watch that pair as well......goodness...
Really not that difficult, load charts...set alarms and watch PA when alarm(s) goes off. I have 16 charts loaded, all with alarms, only trade 6 to 8 pairs. Of course correlated pairs you'll know what the other charts are doing. Just have that many loaded to watch the PA. Good practice for me.
  • #989
  • Apr 6, 2009 2:09pm Apr 6, 2009 2:09pm
Quoting smjones
Another thing that is a help for me is I look at the index futures and if the major US indexes are negative by more than one percent I know the Eurusd is going to have a tough time going up. If they are positive by more than one percent, the Eurusd is usually also in a rally.

http://finance.yahoo.com/indices?e=futures
At what time do you normally check before making a decision? It is during US session or .....?
  • #990
  • Apr 6, 2009 2:18pm Apr 6, 2009 2:18pm
Short U/C 1.1373
  • #991
  • Apr 6, 2009 2:23pm Apr 6, 2009 2:23pm
Quoting bigandrich
Really not that difficult, load charts...set alarms and watch PA when alarm(s) goes off. I have 16 charts loaded, all with alarms, only trade 6 to 8 pairs. Of course correlated pairs you'll know what the other charts are doing. Just have that many loaded to watch the PA. Good practice for me.
Really good practice . How do you set alarm with pairs performance?
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #992
  • Apr 6, 2009 2:25pm Apr 6, 2009 2:25pm
Quoting fontu
Really good practice . How do you set alarm with pairs performance?
fontu
"pair performance", I may not be understanding your question.
  • #993
  • Apr 6, 2009 2:29pm Apr 6, 2009 2:29pm
Quoting ns_karthik
thanks germy...my MM line shows support at 147.61 and there is a lot of support in that area..price usually prefers round numbers and thats why it is 147.50...

err also dialy pivot and high volume line 2 days ago .. gave exact entry in auslanos thread and target ... 110 pip trade ... what a day !!!! who needs swing trading
Blogging daily now at www.volume.zone
  • #994
  • Apr 6, 2009 2:40pm Apr 6, 2009 2:40pm
Quoting bigandrich
"pair performance", I may not be understanding your question.
Just I wanted to tell , alarm may be set with criterae ,going down/up to some extent or moving fast up down etc as performance or anything you may want from the alarms.

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #995
  • Apr 6, 2009 2:51pm Apr 6, 2009 2:51pm
How do you set the alarm?
  • #996
  • Apr 6, 2009 2:55pm Apr 6, 2009 2:55pm
Long G/U 1.4740
  • #997
  • Apr 6, 2009 3:09pm Apr 6, 2009 3:09pm
Quoting lightshines
At what time do you normally check before making a decision? It is during US session or .....?
I check the index futures about every 15 minutes while I am trading. I generally trade from about 8:00 GMT to about 16:00 GMT, when I am actively trading. I am retired now and don't trade as much as I used to. When the percent of change is less than one percent I do not attribute any meaning to it regarding currencies. Also, when the index futures are mixed I do not take guidance form them.
  • #998
  • Apr 6, 2009 3:33pm Apr 6, 2009 3:33pm
Quoting fontu
Just I wanted to tell , alarm may be set with criterae ,going down/up to some extent or moving fast up down etc as performance or anything you may want from the alarms.

fontu
Yes. I set the alarms using hourly chart or 4HR chart. At just below the resistance line and just above the support line, so they are tiggered when price approaches.

For example:One at the 137.20 area as it approaches resistance and one at the 134.50 area as it approaches support. The alarms go off letting you know PA is near these important levels. You can use whatever timeframe you wish.
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  • #999
  • Apr 6, 2009 3:35pm Apr 6, 2009 3:35pm
Quoting easyliving
How do you set the alarm?
Do you have metatrader platform?
  • #1,000
  • Apr 6, 2009 3:47pm Apr 6, 2009 3:47pm
I am using indicator for Murray as given by Karthik. I used that indicator on M5 and M60. Ideally the MuRRAY SR line should be same on both the TF but it is different in M5 and M60. Attached are the charts am I doing something wrong here. Please suggest I am using the defualt setting of the indicator.

Quoting ns_karthik
i trade the 1H SR using 5M charts...i guess this answers ur question
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