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Trading using Murray Maths and Price Action

  • #1,261
  • Apr 9, 2009 8:23pm Apr 9, 2009 8:23pm
Thanks to Karthik for starting this thread and also to other members who provided comments and valuable opinions.
As a new comer, I learn a lot from this thread. I started to trade (demo acc) using the MM 3 days ago and gain more than 100 pips everyday. Only yesterday I lost around 400 pips . I need to learn how to trigger SL so that I can protect my capital. Anybody care to share experience on how to apply the SL, thanks in advance.
  • #1,262
  • Apr 9, 2009 8:29pm Apr 9, 2009 8:29pm
Quoting jcau
Thanks to Karthik for starting this thread and also to other members who provided comments and valuable opinions.
As a new comer, I learn a lot from this thread. I started to trade (demo acc) using the MM 3 days ago and gain more than 100 pips everyday. Only yesterday I lost around 400 pips . I need to learn how to trigger SL so that I can protect my capital. Anybody care to share experience on how to apply the SL, thanks in advance.

idea.... if you enter on tough of 4/8 mml from price coming down to into it , place your stop just under the murray math line below , then if the murrey math line that you are trying to trade from breaks then you only have risk of one MML

it seems that the 0/8 lines often bounce 4 octaves ..... so if you stops are 1 octave you should have ratio of 4 losses to one win , you can be wrong 60 % of time and not blow account up
Blogging daily now at www.volume.zone
  • #1,263
  • Apr 9, 2009 9:20pm Apr 9, 2009 9:20pm
Quoting dragontra
Can we trade tomorw with all the banking holidays?
What team do u support in the IPL?

yes u could trade but volume will be less and so the price movements would be very slow...

i support the Mumbai Indians (though i reside in Chennai) cos it is led by my all time favourite player, Sachin tendulkar....:-))...
  • #1,264
  • Apr 9, 2009 9:21pm Apr 9, 2009 9:21pm
Quoting plus50
The picture on the right looks like a different person, it probably because she isn't wearing the coloured contacts
but she remains just as beautiful....:-)))
  • #1,265
  • Apr 9, 2009 9:39pm Apr 9, 2009 9:39pm
Quoting malcolmb14
idea.... if you enter on tough of 4/8 mml from price coming down to into it , place your stop just under the murray math line below , then if the murrey math line that you are trying to trade from breaks then you only have risk of one MML

it seems that the 0/8 lines often bounce 4 octaves ..... so if you stops are 1 octave you should have ratio of 4 losses to one win , you can be wrong 60 % of time and not blow account up
Thanks for the idea malcolmb, I will try out your idea on setting the SL.
  • #1,266
  • Apr 9, 2009 9:49pm Apr 9, 2009 9:49pm
Quoting ns_karthik
yes u could trade but volume will be less and so the price movements would be very slow...

i support the Mumbai Indians (though i reside in Chennai) cos it is led by my all time favourite player, Sachin tendulkar....:-))...

very slow or completely insane..... one of the 2
Blogging daily now at www.volume.zone
  • #1,267
  • Apr 9, 2009 10:49pm Apr 9, 2009 10:49pm
Quoting malcolmb14
very slow or completely insane..... one of the 2
yes it could become completely insane if the big boys decided to enter into this low volume....but i vote for slow...
  • #1,268
  • Apr 9, 2009 10:51pm Apr 9, 2009 10:51pm
i am watching AU which is close to its high at 0.7202....break of that could lead to a huge upward movement...
  • #1,269
  • Apr 9, 2009 10:52pm Apr 9, 2009 10:52pm
In europe it's going to be rather slow i think..let's wait for the us session.
  • #1,270
  • Apr 9, 2009 10:54pm Apr 9, 2009 10:54pm
Quoting Jakob
In europe it's going to be rather slow i think..let's wait for the us session.

yes that could be a surprise...the fact that europe is closed and US is open...that does not happen usually...
  • #1,271
  • Apr 10, 2009 12:40am Apr 10, 2009 12:40am
Quoting ns_karthik
but she remains just as beautiful....:-)))
Spoken like a true "ashik"!!
..... keep the pictures coming, I look forward to the daily dose of Sneha
non si dimentichi mai
  • #1,272
  • Apr 10, 2009 1:15am Apr 10, 2009 1:15am
Morning Karthink & all , Just thinking of placing pending orders using MM line in consideration for more or less sure shot only 10pips a trade as I see can't sit computer in time . spread seems trouble & puzzle while placing pending .

anybody working as per or any advice ?
thanks ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,273
  • Apr 10, 2009 2:16am Apr 10, 2009 2:16am
Hi Every1
Just came across this thread yesterday & have been reading all day... Lovely Stuff. Thanks to K for starting it and for all the other contributors it has been great having you all chipping in.
I found some MM Indicator u can use in backtest and one that can have a fixed timeframe and then when u switch to another timeframe it keeps the same lines from set timeframe. I have not tested them but I will put them to use with the LFH Trade similator over the weekend and I will let you all know how it goes.
Thanks you all for sharing really really appreciate it.
Regards
Ollypips
  • #1,274
  • Apr 10, 2009 3:20am Apr 10, 2009 3:20am
Quoting ollypips
Hi Every1
Just came across this thread yesterday & have been reading all day... Lovely Stuff. Thanks to K for starting it and for all the other contributors it has been great having you all chipping in.
I found some MM Indicator u can use in backtest and one that can have a fixed timeframe and then when u switch to another timeframe it keeps the same lines from set timeframe. I have not tested them but I will put them to use with the LFH Trade similator over the weekend and I will let you all know how it goes.
Thanks you all for sharing really really...
It doesnt work when I put the MM on the trade simelator, so if u get it right will you let me nw hw you did it.
By God's Grace!
  • #1,275
  • Apr 10, 2009 3:35am Apr 10, 2009 3:35am
Quoting plus50
Spoken like a true "ashik"!!
..... keep the pictures coming, I look forward to the daily dose of Sneha
i sure will....:-))
  • #1,276
  • Apr 10, 2009 3:36am Apr 10, 2009 3:36am
Quoting fontu
Morning Karthink & all , Just thinking of placing pending orders using MM line in consideration for more or less sure shot only 10pips a trade as I see can't sit computer in time . spread seems trouble & puzzle while placing pending .

anybody working as per or any advice ?
thanks ,
fontu
nothing much to trade...u could catch 10 pips if u manage to catch the top and bottom which aint too many...better to spend time usefully i guess...
  • #1,277
  • Apr 10, 2009 3:37am Apr 10, 2009 3:37am
anyone online who wanna have a chat with me, do lemme know...i am quite free now...
  • #1,278
  • Edited 4:25am Apr 10, 2009 3:59am | Edited 4:25am
Quoting ns_karthik
nothing much to trade...u could catch 10 pips if u manage to catch the top and bottom which aint too many...better to spend time usefully i guess...
Thanks Karthik for the advice . today all holiday do not think much movement & as test just place 2 pending order in gj seeing the mm lines & adjusting spread pips with lines in the pending order .
work for now .Will see for tops & bottoms if any actually absolutely but at least apprarent in big tf & placing pending orders at the most safestest MM lines such as 2/8 -6/8 target 4/8MM for for up & down trend , some pips to reduce from eachline due to spread & more likely they be fit safely in small tf MM too. just thinking will work in time.

2 pendings are
124752692009.04.10 09:05sell7.00gbpjpy.146.98 0.00146.882009.04.10 09:10 146.88 697.35

124765832009.04.10 09:21sell7.00gbpjpy.147.06 0.00146.882009.04.10 10:51 146.88 1254.35
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,279
  • Apr 10, 2009 4:51am Apr 10, 2009 4:51am
Hi ns_karthik,

I found a diff. MM indicatior and looks like have a bigger range than the one u post. Would u please take a look at and tell me what u think?

regards,

bc
Attached File(s)
File Type: ex4 MurreyMath1.0.ex4   15 KB | 474 downloads
  • #1,280
  • Apr 10, 2009 5:01am Apr 10, 2009 5:01am
Quoting bingchi6
Hi ns_karthik,

I found a diff. MM indicatior and looks like have a bigger range than the one u post. Would u please take a look at and tell me what u think?

regards,

bc

Have you got the .mq4 ?
G
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