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Trading using Murray Maths and Price Action

  • #1,221
  • Apr 8, 2009 9:17pm Apr 8, 2009 9:17pm
very tight ranges on all pairs.....waiting....
  • #1,222
  • Apr 8, 2009 9:19pm Apr 8, 2009 9:19pm
Quoting ns_karthik
thanks wayne for ur wishes....now to the answers:

1. i use only MM levels...sometimes i draw fibs as well....i am currently working on something interesting using fibs....hope to conclude that study in a week or so...

2. trading 1H SR using 5M charts would be best....cos 5M shows u what exact PA is happening around these SR levels which will help u to gauge price movements and also gauge the future movements as well...

3. there is no precise price that acts as SR...so it is usually a small range around these SR levels....

hope i answered all...

Hi Karthik,

Just to double check:

When you say SR levels you are referring to the MM levels in 1 hour chart. right? OR is this in addition to MM levels

Thanks
TS
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #1,223
  • Apr 8, 2009 10:47pm Apr 8, 2009 10:47pm
Quoting TradeStar
Hi Karthik,

Just to double check:

When you say SR levels you are referring to the MM levels in 1 hour chart. right? OR is this in addition to MM levels

Thanks
TS
yep....the MM levels in 1H chart...
  • #1,224
  • Apr 8, 2009 11:32pm Apr 8, 2009 11:32pm
Quoting ns_karthik
very tight ranges on all pairs.....waiting....
Yeah , very risky even with lines for few pips also . already open some opposit orders & sitting on the fense.In GJ ,eu and most similar pairs PA now at the top of Triangle and in e phase just to shoot UP or down ,but favouring up perhaps .Gj at 4/8MM trying break up again .


veri cretical time now.Thanks

fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gjmm2.gif Size: 11 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,225
  • Apr 8, 2009 11:58pm Apr 8, 2009 11:58pm
U/Cad looks like it has good momentum for a short at 1.2352. Use 1.2360 as R. With a push down you could TP at 1.2329.
  • #1,226
  • Apr 9, 2009 12:46am Apr 9, 2009 12:46am
Hello Team,

In the past hour or so, were there any scalping opportunities, in your opinion, in E /U

Just to get some insight.

Thanks in advance

TS
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #1,227
  • Apr 9, 2009 1:24am Apr 9, 2009 1:24am
Any thoughts on a short at the 4/8 (1.3306) if it gets there?
G
  • #1,228
  • Apr 9, 2009 3:29am Apr 9, 2009 3:29am
GBP looks very weak...it has been right from the morning....daily bearish pin bar on EURGBP has played out well so far....maybe a surprise is waiting in the rate decision later today??
  • #1,229
  • Apr 9, 2009 3:40am Apr 9, 2009 3:40am
GJ and GC look weak to me...
  • #1,230
  • Apr 9, 2009 3:47am Apr 9, 2009 3:47am
I am short GJ from 146.85 and GC from 1.6842....
  • #1,231
  • Apr 9, 2009 3:52am Apr 9, 2009 3:52am
Hm....what about eur/usd.....? it broke the 4/8 a while ago...is anyone of you waiting for a long?
  • #1,232
  • Apr 9, 2009 3:59am Apr 9, 2009 3:59am
Quoting Jakob
Hm....what about eur/usd.....? it broke the 4/8 a while ago...is anyone of you waiting for a long?
yes broken but misteriously this pair still not going that low other pairs already . suspicious & waiting for long to resume .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,233
  • Apr 9, 2009 4:04am Apr 9, 2009 4:04am
@ ns karthik.

Now that I finished reading from the very first page, I must give you my congratulations on the excellent thread you have started and for some first rate posts that should IMO be a must read for all newbies - and plenty of more experienced tarders too!

I see that your work is already being recognised by some of the best traders in FF - and I have to thank Shamus for catching my attention with his use of the MM indicator.

As I already trade on PA around support and resistance levels, it is easy for me to use some of the fractals from the MM indicator and as many of these are close to the sweet spots and daily pivots that I have been using I've now taken those off my chart and am just using the MM levels.

I'll finish some other work and then post a chart of how I saw the MM lines on GBPUSD earlier this morning.

Regards

Islander
Trading Levels with WRBs
  • #1,234
  • Apr 9, 2009 4:20am Apr 9, 2009 4:20am
Well, from the day chart (bullish divergent bar) it could well turn out to be a bigger move up in the eur/usd...but who knows?
  • #1,235
  • Apr 9, 2009 4:21am Apr 9, 2009 4:21am
Quoting Islander
@ ns karthik.

Now that I finished reading from the very first page, I must give you my congratulations on the excellent thread you have started and for some first rate posts that should IMO be a must read for all newbies - and plenty of more experienced tarders too!

I see that your work is already being recognised by some of the best traders in FF - and I have to thank Shamus for catching my attention with his use of the MM indicator.

As I already trade on PA around support and resistance levels, it is easy for me to use some of the fractals...
Thanks , Mate...thanks for all ur wishes and appreciation...and yes , indeed, it makes me very happy and proud to get appreciation from some of the best traders around here...thanks again...
  • #1,236
  • Apr 9, 2009 4:32am Apr 9, 2009 4:32am
very interesting and confusing moves as well so far...waiting for the news i guess...
  • #1,237
  • Apr 9, 2009 4:44am Apr 9, 2009 4:44am
Hm.....i don't really understand that pair (eur/usd) today....
  • #1,238
  • Apr 9, 2009 4:47am Apr 9, 2009 4:47am
Quoting Jakob
Hm.....i don't really understand that pair today....
There is a sudden drop of 50 pips on Euro!! Not sure why!
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #1,239
  • Apr 9, 2009 4:54am Apr 9, 2009 4:54am
well, all pairs are in tight ranges today....i guess the news later on today should swing it...
  • #1,240
  • Apr 9, 2009 4:55am Apr 9, 2009 4:55am
Here's the one that keeps the H1 mml's on the M15 and M5 charts. I've added parameter mml_shft to the externals so that you can move the line annotations to where you want them.
G
Attached File(s)
File Type: mq4 MML_Same_All_TF.mq4   14 KB | 653 downloads
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