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Trading using Murray Maths and Price Action

  • #1,361
  • Apr 11, 2009 12:40pm Apr 11, 2009 12:40pm
Enjoy

Quoting kerty9
Hi Karthik

I like your thread and Sneha. I have read you thread from the begining and looked at all her pictures at least twice.


I look forward to learn from this thread.
Attached Image
  • #1,362
  • Apr 11, 2009 1:00pm Apr 11, 2009 1:00pm

Quoting Sandhu
Enjoy
  • #1,363
  • Apr 11, 2009 1:11pm Apr 11, 2009 1:11pm
Quoting kerty9
Hi Karthik

I like your thread and Sneha....
well kerty, thanks for visiting my thread and thanks for all the wishes.....i guess what u r going thru is something that everyone who is new in this goes thru...its just that u need to relax and u should learn to take each trade in a relaxed manner and not as if ur life depended on it....keep in touch with this thread/blog and myself and i am sure we can learn as we go on...
  • #1,364
  • Apr 11, 2009 1:12pm Apr 11, 2009 1:12pm
Quoting xard777
Hi ns_karthik,

I tidied up the code in this (even though it should be in a museum), Put all the lines to the background, comments is set to false by default now, and you can now select/deselect bml lines 25 and 50 along with color and personal style. bml lines are defaulted to true.

Xard777
thanks a bunch, mate !!
  • #1,365
  • Apr 11, 2009 1:13pm Apr 11, 2009 1:13pm
Quoting kerty9
What is this 'spread of price candles"? Does it mean length of candles? How much price movement a candle has? Does this spread refers to one candle, group of candles?
spread of price candles refers to the length...it refers to a single candle...
  • #1,366
  • Apr 11, 2009 1:14pm Apr 11, 2009 1:14pm
Quoting billye
usually spread refer to a instead price difference = seller expectation - buyer expectation
(not fixed spread broker, you have to look at ecn or stocks is best).
sell2 1.3173 2000 lot
sell1 1.3172 100 lot
buy1 1.3170 200 lot
buy2 1.3169 1000 lot

in the vsa thread, it is using a M1 chart candle to refer to 1M spread, I think it is acceptable (actually pretty good insight)...

this is a way for us to know how the price went up.

and depend on the volume,
if volume is low and instant spread(sell1-buy1) is up, this means seller don't want to sell,...

billeye,
my definition of spread as far as my post was concerned was the length of the candle...
  • #1,367
  • Apr 11, 2009 1:15pm Apr 11, 2009 1:15pm
Quoting Sandhu
Enjoy

this is Anoushka.....this cute as well and there are many such beauties around in India but still Sneha is my favourite !!!
  • #1,368
  • Apr 11, 2009 1:25pm Apr 11, 2009 1:25pm
How can our day end without Sneha ??
Attached Image(s) (click to enlarge)
Click to Enlarge Name: qsneha01922.jpg Size: 174 KB
Click to Enlarge Name: qsneha02005.jpg Size: 188 KB
  • #1,369
  • Apr 11, 2009 1:35pm Apr 11, 2009 1:35pm
here is the PDF for all those who have been asking for it...
Attached File(s)
File Type: zip mury maths.zip   147 KB | 1,353 downloads
  • #1,370
  • Apr 11, 2009 1:55pm Apr 11, 2009 1:55pm
Quoting ns_karthik
Here is a post which i made in my blog a few hours ago...

Here is a chart which was put up by billeye to explain a different concept. I am posting this here as it is a great example of how MM and VSA work together. In case anyone is wondering what VSA is, it is Volume Spread Analysis. It is a study which tries to predict SR points and PA based on the volume and the spread of price bars/candles.

Rather than going into details of VSA, which is rather complicated, let me try and explain the chart in very simple terms.

On the EU chart, in the first...
as you know i am one of the ones that introduced shamus to vsa and considered to be a vsa guru (still got a lot to learn myself) on the vsa chat thread. i trade 99 % using vsa and will not go into details here as it is a subject that takes thousands of charting hours to grasp , also it is all about background , not just one candle .

your description is right using candle patterns alone, but not when it comes to looking at spreads and volumes together , in order to see what was going on at the 2/8 line one would have to drilled down to a 15 min chart where we got a very nice distribution pattern

Attached Image (click to enlarge)
Click to Enlarge Name: gj.jpg Size: 232 KB
Blogging daily now at www.volume.zone
  • #1,371
  • Apr 11, 2009 2:00pm Apr 11, 2009 2:00pm
Quoting kerty9
Hi Karthik

I like your thread and Sneha....
that mind set will stop you form being successful ion this game. Losses are part of the game in fx .... you have to accept them and move on .

the best way to do this is set an auto stops ( not possible if you use mt4) but in fxcm I can set an auto stop as soon as I place a trade the stop is placed.

another help I found when trading is keeping a trading journal .. note things in it like ... how r u feeling that day (are you tired or do you feel anxious to get into a trade..both things that can make you rush into a trade),why you placed the trade and what went right or wrong . Newbies have to make some mistakes , that is part of the learning curve .. .embrace this and call it your tuition , BUT manage the risk . ON a 10 k account do not trade more than 2 mini lots to start , use a 50 pip stop if day trading , that is only a #$100 risk ..1% of account
Blogging daily now at www.volume.zone
  • #1,372
  • Apr 11, 2009 2:00pm Apr 11, 2009 2:00pm
Can you provide some links and URLs to VSA techniques/methods?

Quoting malcolmb14
as you know i am one of the ones that introduced shamus to vsa and considered to be a vsa guru (still got a lot to learn myself) on the vsa chat thread. i trade 99 % using vsa and will not go into details here as it is a subject that takes thousands of charting hours to grasp , also it is all about background , not just one candle .

your description is right using candle patterns alone, but not when it comes to looking at spreads and volumes together , in order to see what was going on at the 2/8 line one would have to drilled down to a 15 min...
  • #1,373
  • Apr 11, 2009 2:03pm Apr 11, 2009 2:03pm
Quoting billye
usually spread refer to a instead price difference = seller expectation - buyer expectation
(not fixed spread broker, you have to look at ecn or stocks is best).
sell2 1.3173 2000 lot
sell1 1.3172 100 lot
buy1 1.3170 200 lot
buy2 1.3169 1000 lot

in the vsa thread, it is using a M1 chart candle to refer to 1M spread, I think it is acceptable (actually pretty good insight)...

this is a way for us to know how the price went up.

and depend on the volume,
if volume is low and instant spread(sell1-buy1) is up, this means seller don't want to sell,...

very quick explanation of that chart

see how the volume increased out of the blu and the spread was very wide ... this on its own does not mean a whole alot toehr than 2 possible scenarios

1) buyers
2) hidden sellers in the candle .. meaning that pros are buying into the strength

the candle to note is the 4th one after the large volume up move .... the low volume narrow spread candle at the top of the market.... this is no demand and shows that in fact the wide spread up candle on high volume did contain hidden seller and pros were interested in selling into the strength
Blogging daily now at www.volume.zone
  • #1,374
  • Apr 11, 2009 2:05pm Apr 11, 2009 2:05pm
Quoting Sandhu
Enjoy
this sneha ok .. I live in Vancouver canada and met many of my ex wifes friends ( she was indian ) many of them were more attractive than this chick you guys all love lol
Blogging daily now at www.volume.zone
  • #1,375
  • Apr 11, 2009 2:21pm Apr 11, 2009 2:21pm
but well seems like you overlooked my other post and I am indeed interested---can you point me to some VSA material on web?








Quoting malcolmb14
this sneha ok .. I live in Vancouver canada and met many of my ex wifes friends ( she was indian ) many of them were more attractive than this chick you guys all love lol
  • #1,376
  • Apr 11, 2009 5:53pm Apr 11, 2009 5:53pm
Quoting malcolmb14
as you know i am one of the ones that introduced shamus to vsa and considered to be a vsa guru (still got a lot to learn myself) on the vsa chat thread. i trade 99 % using vsa and will not go into details here as it is a subject that takes thousands of charting hours to grasp , also it is all about background , not just one candle .

your description is right using candle patterns alone, but not when it comes to looking at spreads and volumes together , in order to see what was going on at the 2/8 line one would have to drilled down to a 15 min...
Hi There malcolmb14,

Could you post the RSX(2) indicator that is displayed on your chart?

All the best,

Xard777
  • #1,377
  • Apr 11, 2009 6:19pm Apr 11, 2009 6:19pm
Quoting Islander
My trading day starts a little before the Frankfurt Open - the dashed white time line on my chart. The London Open is the dashed blue line.

Frankies Hour is well know for reversals and today was no exception!

The aqua line is a 30 ema and shows the short term trend. The dark blue is a 300 ema and shows the hourly trend.

I use Price Action around levels - these are the smaller fractal with the MM indy set to period 15 as this avoids the clutter of the grey intermediate levels when using a 60 period. I have the larger fractals on my higher TF...
30ema=15smoothed
  • #1,378
  • Apr 11, 2009 6:36pm Apr 11, 2009 6:36pm
Quoting xard777
Hi There malcolmb14,

Could you post the RSX(2) indicator that is displayed on your chart?

All the best,

Xard777
I am testing it ... so not able to post as something wrong with code and all indicators lagging .

I strictly trade using volume and price action around major pivot lines , like high volume aras and using the histogram , around the vwap and point of control
Blogging daily now at www.volume.zone
  • #1,379
  • Edited 7:54pm Apr 11, 2009 7:14pm | Edited 7:54pm
Quoting malcolmb14
I am testing it ... so not able to post as something wrong with code and all indicators lagging .

I strictly trade using volume and price action around major pivot lines , like high volume aras and using the histogram , around the vwap and point of control
I am playing with it just now, let me know when it's ready. Thanks

Xard777
Attached Image (click to enlarge)
Click to Enlarge Name: Test screen.png Size: 161 KB
  • #1,380
  • Apr 11, 2009 11:17pm Apr 11, 2009 11:17pm
Hi Xard,
Can I know RSX settings that you have applied? I have RSX indicator with 14 as input settings. Set it to 2, but it still does not look what I see on your chart. What settings do I need to make with RSX to look on 5M, 1H and 4H charts? It's look like RSX and volume indicator is mixed on your chart. Can I get this indicator?
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