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Trading using Murray Maths and Price Action

  • #1,321
  • Apr 10, 2009 10:13pm Apr 10, 2009 10:13pm
Hi all....so the week finished slowly...have a look at my blog as well pls....posted some analysis...
  • #1,322
  • Apr 10, 2009 10:25pm Apr 10, 2009 10:25pm
Quoting skyscraper
Guys,
Anybody has indicator which display when London session , asian and US session open? I know the timings but I am looking something that can draw a line on the chart when different market opens.
Please post it if you have one.
what about this...
Attached File(s)
File Type: ex4 THV3 Market Hours.ex4   10 KB | 697 downloads
  • #1,323
  • Apr 10, 2009 10:26pm Apr 10, 2009 10:26pm
Quoting xard777
what about this...
r u the same one who wrote the MM indicator??
  • #1,324
  • Apr 10, 2009 10:40pm Apr 10, 2009 10:40pm
Quoting ns_karthik
Hi all....so the week finished slowly...have a look at my blog as well pls....posted some analysis...
Hi Karthik,
After reading your blog, set up a 5M chart for EuroUSD , but the 2/8 and 3/8 in your chart and mine differs. Yours 1.3123 and 1.3153 whilst mine is 1.3138 and 1.3145. Wonder why there is a difference?
  • #1,325
  • Apr 10, 2009 10:40pm Apr 10, 2009 10:40pm
I have this but it doesn't display any line when session started it just tell you when the session started or time left
Quoting xard777
what about this...
  • #1,326
  • Apr 10, 2009 10:50pm Apr 10, 2009 10:50pm
Quoting Horn
Hi Karthik,
After reading your blog, set up a 5M chart for EuroUSD , but the 2/8 and 3/8 in your chart and mine differs. Yours 1.3123 and 1.3153 whilst mine is 1.3138 and 1.3145. Wonder why there is a difference?
as i have said clearly, though the chart is 5M, the MM line plotted comes from the 1H chart...
  • #1,327
  • Edited 3:21am Apr 11, 2009 3:19am | Edited 3:21am
Quoting ns_karthik
as i have said clearly, though the chart is 5M, the MM line plotted comes from the 1H chart...
Just to clarify:

There are quite a few different versions of MT4 indicator for MM levels available on different forums. There seem to be two types:

  1. fixed period
  2. user-controlled period

If you use a fixed-period indicator, then the levels displayed on the charts will change according to the TF you are looking at.

If you use the other type of indicator, you can set it to display the same levels in one TF and all lower TFs - for example, set the MMPeriod to 60 and the H1 levels display on M15, M5 and M1 charts. (If you set the MMPeriod to zero in this type of indicator, it reverts to the fixed-type operation.)

If you enter trades by considering what MM tells you about the PA in each one of several different TFs (and I've read a long post from a guy who does just that), then the fixed type is for you.

If you want to trade the H1 PA off the M5 chart, as does Karthik, then the user-controlled version is for you - or remember to set MMPeriod to zero in the variable type.

Hope this helps clear up the confusion.

G

  • #1,328
  • Apr 11, 2009 3:38am Apr 11, 2009 3:38am
Quoting Grath
Just to clarify:

There are quite a few different versions of MT4 indicator for MM levels available on different forums. There seem to be two types:

  1. fixed period
  2. user-controlled period

....
G

OK so can you post them again and tell which one is for which use...?
Thank you
The Market pays you to be disciplined
  • #1,329
  • Apr 11, 2009 4:01am Apr 11, 2009 4:01am
well, i am online again for the guys who wanna have a chat with me...skype or messenger...
  • #1,330
  • Apr 11, 2009 4:03am Apr 11, 2009 4:03am
Quoting mima
OK so can you post them again and tell which one is for which use...?
Thank you

here is the one which changes the MM levels according to the TF that your chart is in....
Attached File(s)
File Type: ex4 #MurreyMath-TimeFrame.ex4   27 KB | 614 downloads
  • #1,331
  • Apr 11, 2009 4:04am Apr 11, 2009 4:04am
Quoting mima
OK so can you post them again and tell which one is for which use...?
Thank you
and here is the one which shows the MM levels for a fixed TF irespective of the TF that your chart is in...the default fixed TF is 1H...
Attached File(s)
File Type: mq4 MMLevls_VG.mq4   18 KB | 753 downloads
  • #1,332
  • Apr 11, 2009 4:06am Apr 11, 2009 4:06am
Quoting ns_karthik
as i have said clearly, though the chart is 5M, the MM line plotted comes from the 1H chart...
same question coming again & again , perhaps people have difficulty in understanding .

Just trying to clearify, Karthik trade in H1 chart & look the # lines there but to fine tunning it he often go check M5 chart also , not trading decision comes from M5 chart ,only H1 may be higher if neccessary to look the trend.

Here is a Eurusd H1 chart showing +1/8MM below at 1.3122 and above PA is 0/8MM at 1.3184 & strong sr can be expected at that levels and they can be good number for some small TP.
Now shift to M5 chart look only those MM line # in H1 chart +1/8MM H1 represent 0/8MM in M5 as ultimate resistant and 0/8MM h1 represent as 8/8MM M5.That is distance between between 2 MM line in H1 equivalent to the whole cycle of 0-8/8mm in M5 chart.


If one know those MM lines in H1 chart plot them on M5 chart can see better PA movements within MM lines there & take decision .

When PA reached those levels some bounc expected if not cross very fast . How far those retracement will occur is difficout from bigger chart ,can be seen well in lower chart as per mm characteristices .

So he is trading from H1 chart but look PA movements through M5 one .

hope this will a bit .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mm1.gif Size: 12 KB
Click to Enlarge Name: mm2.gif Size: 8 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,333
  • Apr 11, 2009 4:12am Apr 11, 2009 4:12am
Quoting ns_karthik
u seem to be very confused abt MM levels and SR....have u gone thru the thread fully?? r u sure that u understand it??
I have gone through the whole of the documentation again and came across the piece were is says for the deutsche mark you multiply it by 10,000 so that was what I was looking for.

To explain, I don't have MT so will be doing my analysis using excel.

Regards
Verno
  • #1,334
  • Apr 11, 2009 4:16am Apr 11, 2009 4:16am
Quoting verno
I have gone through the whole of the documentation again and came across the piece were is says for the deutsche mark you multiply it by 10,000 so that was what I was looking for.

To explain, I don't have MT so will be doing my analysis using excel.

Regards
Verno

well, we dont need to multiply anything for any currency....and calculating the MM levels by ur own is a good way to understand stuff.....keep up the good work mate...
  • #1,335
  • Edited 4:43am Apr 11, 2009 4:25am | Edited 4:43am
Quoting verno
I have gone through the whole of the documentation again and came across the piece were is says for the deutsche mark you multiply it by 10,000 so that was what I was looking for.

To explain, I don't have MT so will be doing my analysis using excel.

Regards
Verno
ps: you can download a free demo mt4 from many places on the web.
if just for an absence of mt4 is the reason you've got to bother manual calc the levels.
  • #1,336
  • Apr 11, 2009 4:33am Apr 11, 2009 4:33am
Quoting billye
ps: you can download a free demo mt4 from many places on the web.
if just for that reason you're going to manual calc...
i personally would prefer someone or something else calculate the MM levels for me rather than trying to do it myself....our concentration should be on PA and how the price works at each MM level and trying to find the good trade rather than trying to calculate the MM levels....in fact, trying to take a good trade in itself is a tough job...why complicate it further by trying to calculate MM levels and stuff ourselves...but that is just me...
  • #1,337
  • Apr 11, 2009 4:37am Apr 11, 2009 4:37am
i will be explaining a bit more in my blog...so watch out...
  • #1,338
  • Apr 11, 2009 4:47am Apr 11, 2009 4:47am
Quoting billye
agree. i mean he can download a free demo mt4 to save the effort of manual.
absolutely agree, mate...
  • #1,339
  • Apr 11, 2009 4:48am Apr 11, 2009 4:48am
karthik,

Looks at eurusd PA in H1 price had broke thru -1/8 at 1.31226 and reversed up and stop at 0/8 at 1.31865. Do u think eurusd will continue up from here to at least 2/8 at 1.33057

regards,

bc
  • #1,340
  • Apr 11, 2009 4:54am Apr 11, 2009 4:54am
Quoting billye
ps: you can download a free demo mt4 from many places on the web.
if just for an absence of mt4 is the reason you've got to bother manual calc the levels.
Thanks Billye, good advice. At this stage I want to try to understand it but I will then probably demo MT4.
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