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Trading using Murray Maths and Price Action

  • #1,041
  • Apr 7, 2009 6:28am Apr 7, 2009 6:28am
Quoting ns_karthik
thanks , Paul....r u a full time trader ??

My name is Karthik.
Hi Karthik,

I have been trading full time for the past year or so and been making a living out of it. I see that you trade full time as well?

Cheers,

Paul
  • #1,042
  • Apr 7, 2009 6:34am Apr 7, 2009 6:34am
Quoting paul2k
Hi Karthik,

I have been trading full time for the past year or so and been making a living out of it. I see that you trade full time as well?

Cheers,

Paul
yes i trade full time to grow my money and others as well...:-))...
  • #1,043
  • Apr 7, 2009 6:37am Apr 7, 2009 6:37am
Quoting ns_karthik
yes i trade full time to grow my money and others as well...:-))...
That's great Karthik. I assume you also manage Funds (I hope it's not against forum rules to ask this)...

If you don't mind, I would like to PM offline you whenever you have some free time
  • #1,044
  • Apr 7, 2009 6:52am Apr 7, 2009 6:52am
I see. thanks karthik.

actually I found some reasonable moves (retrace before next step) can make sense from M15 levels,,,, see some of the moves right now are M15 levels. seeing the move are to consolidate previous gaps makes me comfortable that the move is for some reason... but I don't trade M15 levels.

but I agree H1 levels are major, thanks for the info.

Quoting ns_karthik
well, i have always said that i dont trade TFs less than 1H....i see the SR of 1H charts on a 5M chart and trade accordingly.
http://www.forexfactory.com/attachme...1&d=1239104984
Attached Image (click to enlarge)
Click to Enlarge Name: mm.GIF Size: 82 KB
  • #1,045
  • Apr 7, 2009 6:58am Apr 7, 2009 6:58am
Quoting paul2k
That's great Karthik. I assume you also manage Funds (I hope it's not against forum rules to ask this)...

If you don't mind, I would like to PM offline you whenever you have some free time

sent u a PM mate...
  • #1,046
  • Apr 7, 2009 7:00am Apr 7, 2009 7:00am
Quoting billye
I see. thanks karthik.

actually I found some reasonable moves (retrace before next step) can make sense from M15 levels,,,, see some of the moves right now are M15 levels. seeing the move are to consolidate previous gaps makes me comfortable that the move is for some reason... but I don't trade M15 levels.

but I agree H1 levels are major, thanks for the info.



http://www.forexfactory.com/attachme...1&d=1239104984

Hi,
though i do agree that 15M levels do work to some extent, the 1H are easier to trade and more stable...
  • #1,047
  • Apr 7, 2009 7:22am Apr 7, 2009 7:22am
Quoting ns_karthik
Hi,
though i do agree that 15M levels do work to some extent, the 1H are easier to trade and more stable...
thanks karthik, one followup question on H1.

does every level needs to be consolidated before a break-out happen??

for example E/U 1.3306 and U/CHF 1.1414 level has not been consolidated yet...
usually will it happen for a H1 GAP to be filled before move on? (I don't trade these levels just watch price action so feel free to comment when free)
Attached Image
  • #1,048
  • Apr 7, 2009 8:01am Apr 7, 2009 8:01am
Quoting easyliving
That's great Fontu. What pairs are you trading? Where are you located?
Thanks easyliving , I do trade now a set of eurusd,gbpusd,eurjpy & gbpjpy together as long as I assume they move together .I am from Oman.

billye , I trade in my office time only and when get time .Many times I became busy while some trades are open & lost even I saw it but did not have time to decide about as my work is as such .
thanks ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,049
  • Apr 7, 2009 8:10am Apr 7, 2009 8:10am
Karthik,

I didn't understand when you say SR of 1H on 5 M chart. Can you please elaborate?
Yesterday I post chart of 5M and 1Hr with the indicator and SR on both the chart were different.
So in your entry you use 5M chart with indicator of 64 frame setting.
Quoting ns_karthik
well, i have always said that i dont trade TFs less than 1H....i see the SR of 1H charts on a 5M chart and trade accordingly.
  • #1,050
  • Apr 7, 2009 8:17am Apr 7, 2009 8:17am
Is It Time To Short Usd?
  • #1,051
  • Edited 8:29am Apr 7, 2009 8:21am | Edited 8:29am
Quoting skyscraper
Karthik,
I didn't understand when you say SR of 1H on 5 M chart. Can you please elaborate?Yesterday I post chart of 5M and 1Hr with the indicator and SR on both the chart were different.
Let me start by saying I am a novice at using the Karthik Method, but trying to explain my umderstanding to help me further understand, if I am right or get corrected if I am wrong.

For a quick example, look at USHCHF 1Hr, it hit 1.1475, this was also a resistance level on Apr 2nd, see that? This would have been a good entry to take short. Once spotted on a 1hr chart which gives you the macro picture, then flip to 5min to look at micro level to gauage price action for best entry.

When 1hr shows a MM Line and 5min doesn't have one at the same level (as in this USDCHF example), then what? Will have to wait for someone wiser to answer that.

Quoting skyscraper
So in your entry you use 5M chart with indicator of 64 frame setting.
I don't know what is meant by "64 frame setting"

Hope this helps.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1hr_usdchf.gif Size: 39 KB
Click to Enlarge Name: 5min_usdchf.gif Size: 38 KB
non si dimentichi mai
  • #1,052
  • Apr 7, 2009 8:30am Apr 7, 2009 8:30am
Exactly this is what I have concern, if the 5 MM doesn't have one at the same level then what to do?
64 frame setting - In Indicator you have settinfgfor periodtotake=64.

Quoting plus50
Let me start by saying I am a novice at using the Karthik Method, but trying to explain my umderstanding to help me further understand, if I am right or get corrected if I am wrong.

For a quick example, look at USHCHF 1Hr, it hit 1.1475, this was also a resistance level on Apr 2nd, see that? This would have been a good entry to take short. Once spotted on a 1hr chart which gives you the macro picture, then flip to 5min to look at micro level to gauage price action for best entry.

When 1hr shows a MM Line and 5min, doesn't have one at the same...
  • #1,053
  • Apr 7, 2009 8:43am Apr 7, 2009 8:43am
Quoting skyscraper
Karthik,

I didn't understand when you say SR of 1H on 5 M chart. Can you please elaborate?
Yesterday I post chart of 5M and 1Hr with the indicator and SR on both the chart were different.
So in your entry you use 5M chart with indicator of 64 frame setting.
well, i take the SR from 1H chart and use it on the 5M charts...
  • #1,054
  • Apr 7, 2009 8:47am Apr 7, 2009 8:47am
Quoting skyscraper
Exactly this is what I have concern, if the 5 MM doesn't have one at the same level then what to do?
Then I would sit back and wait for an opportunity that does have 1hr and 5min correlation, if I am using the Kathik Method. If you feel strongly that a 1hr bounce trade is real, then go ahead and trade but still watch shorter time frame to make sure you really buy at the best level, which was about 1.1480 in the USDCHF example.

I missed the USDCHF that I used as an example and so I haven't traded yet today.
non si dimentichi mai
  • #1,055
  • Apr 7, 2009 8:48am Apr 7, 2009 8:48am
News times knocking the door ,less than 10 minutes . Take care of your trade if open any .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,056
  • Apr 7, 2009 8:48am Apr 7, 2009 8:48am
Just to understand little better. You take all the levels from 1H chart and the switch the chart to 5M or open another chart of 5M and see the price action on 1HR SR.
if you have indicator attached to chart and switch to 5M then you will see different SR on 5M which I think you don't look at it right?
Quoting ns_karthik
well, i take the SR from 1H chart and use it on the 5M charts...
  • #1,057
  • Apr 7, 2009 8:50am Apr 7, 2009 8:50am
Quoting skyscraper
Just to understand little better. You take all the levels from 1H chart and the switch the chart to 5M or open another chart of 5M and see the price action on 1HR SR.
if you have indicator attached to chart and switch to 5M then you will see different SR on 5M which I think you don't look at it right?
there is another indicator posted somewhere in this thread, which plots 1H SR in 5M charts...
  • #1,058
  • Edited 12:38pm Apr 7, 2009 8:57am | Edited 12:38pm
Perfect that answer my question. That indicator was in
http://www.forexfactory.com/showthre...159471&page=16
235th posts.
Thanks a lot
Quoting ns_karthik
there is another indicator posted somewhere in this thread, which plots 1H SR in 5M charts...
  • #1,059
  • Apr 7, 2009 9:40am Apr 7, 2009 9:40am
GJ has retraced 50% of its move down..risk takers could take a very risky short here...
  • #1,060
  • Apr 7, 2009 9:41am Apr 7, 2009 9:41am
Strange market & strange news reaction . Positive US news but considerable negative reaction . Not traded long any but will trade short for sure & hugely.
Lots other factors may be working behind the scene.

Hope they all down from where it UP soon.Seeing the charts levels .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
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