Attachments: Trading using Murray Maths and Price Action

Trading using Murray Maths and Price Action

#1,581
Apr 15, 2009 1:09am Apr 15, 2009 1:09am

ns_karthik
| Commercial User | Joined May 2006 | 1,808 Posts

Quoting mima

Disliked

MML also repaints?

Ignored

nope....

#1,582
Apr 15, 2009 1:10am Apr 15, 2009 1:10am

ns_karthik
| Commercial User | Joined May 2006 | 1,808 Posts

all pairs making a run up now....bit of a surprise to me though i have ensured not to be caught up in this run....is this run a retracement or change of trend ?? will have to wait and see....

#1,583
Apr 15, 2009 1:30am Apr 15, 2009 1:30am

zuzia9
| Joined Jul 2007 | Status: Trader | 80 Posts

Hello Traders, second day I got some greens,.
Ns Karthik Your inside about behavior of the market as well MM help me to close the day in greens.
Vancouver is sleeping already and me to going to !!!!
Have Great Pipin
Zuzia 9

#1,584
Apr 15, 2009 2:01am Apr 15, 2009 2:01am

mima
| Membership Revoked | Joined May 2008 | 3,395 Posts

Quoting xard777

Disliked

Ok, keeping it really simple,

In playing safe you only want to trade from the direction of the last stage 3 marker (yellow dot with star). So, if the last stage 3 marker was a low you want to be going long, if the last stage 3 marker was high you want to be going short. Keep your stop behind the last yellow dot.

If you go long on an aqua arrzzx2 indicator, then that move is good till a yellow stage 2 high marker is made.

Now that can be a M5, M15, H4 or Daily trade......

Xard777

Ignored

hello

Can you use murreymath v2.tpl with MML on M5 to have same MML like on H1? This indicator do this: MMLevls_VG.ex4

Thank you

The Market pays you to be disciplined

#1,585
Apr 15, 2009 3:52am Apr 15, 2009 3:52am

ns_karthik
| Commercial User | Joined May 2006 | 1,808 Posts

well, nice upmove...very strong as well from strong support..hmmm...

#1,586
Apr 15, 2009 5:09am Apr 15, 2009 5:09am

jphotdeals
| Joined Dec 2008 | Status: Un-Educated Guess | 275 Posts

Karthik, xard777,
I went ahead and inputed xard777 indicator to the MM. Tested it out on my live acct. and works well. Will further test in live account.
+51 pips for the day
Thank you for your insight and expertise.

A Subway foot long = $5
foreign currency trading books = $32
Preset charts (I've tried) = 200/month (only for one month before i figured it was a moving average crossover system)

Ns_Karthik and xard777 = PRICELESS!!!!

#1,587
Apr 15, 2009 5:10am Apr 15, 2009 5:10am

ns_karthik
| Commercial User | Joined May 2006 | 1,808 Posts

Quoting jphotdeals

Disliked

Karthik, xard777,
I went ahead and inputed xard777 indicator to the MM. Tested it out on my live acct. and works well. Will further test in live account.
+51 pips for the day
Thank you for your insight and expertise.

A Subway foot long = $5
foreign currency trading books = $32
Preset charts (I've tried) = 200/month (only for one month before i figured it was a moving average crossover system)

Ns_Karthik and xard777 = PRICELESS!!!!

Ignored

Lol...thanks JP....GU hit resistance to the pip and came down...enjoying the pips....

#1,588
Edited 5:41am Apr 15, 2009 5:21am | Edited 5:41am

jphotdeals
| Joined Dec 2008 | Status: Un-Educated Guess | 275 Posts

Quoting ns_karthik

Disliked

Lol...thanks JP....GU hit resistance to the pip and came down...enjoying the pips....

Ignored

Just giving credit where credit is due!!!!
thinking of going long on eur for 10-12 pips. what do you think?
done!!!
+7 pips

#1,589
Apr 15, 2009 7:07am Apr 15, 2009 7:07am

dragontra
| Joined Mar 2009 | Status: Trader | 20 Posts

Hi ur artical about the simple PA setup on ur blog, what about when it gaps, just jump over the MML?

By God's Grace!

#1,590
Apr 15, 2009 7:24am Apr 15, 2009 7:24am

ns_karthik
| Commercial User | Joined May 2006 | 1,808 Posts

Quoting dragontra

Disliked

Hi ur artical about the simple PA setup on ur blog, what about when it gaps, just jump over the MML?

Ignored

u need to wait for it to come to one of the MM levels....

#1,591
Apr 15, 2009 9:25am Apr 15, 2009 9:25am

kerty9
| Joined Jun 2008 | Status: Trader | 137 Posts

Quoting ns_karthik

Disliked

GU looking weak...chart in blog...

Ignored

I enter my order with set TP and SL, which means I often get out too early even when PA is favorable. My broker has trailing stop but I have to manually enter it when my position is in green, which means I have to be at the computer glued to watch my position and enter trailing stop manually. I am not good at constantly watching my position as I tend to panic by constant see-saw of PA. I need a technique to place orders that automatically convert my fixed SL to trailing stop once my position is x number of pips in the green. My broker does not have such order type. Is there any broker that allow such order type, who is also friendly to 5-10 pip scalpers? I like to know how other traders handle to let their profits run.

#1,592
Apr 15, 2009 10:05am Apr 15, 2009 10:05am

ns_karthik
| Commercial User | Joined May 2006 | 1,808 Posts

Daily review for GU posted in blog.

#1,593
Apr 15, 2009 10:07am Apr 15, 2009 10:07am

ns_karthik
| Commercial User | Joined May 2006 | 1,808 Posts

Quoting kerty9

Disliked

I enter my order with set TP and SL, which means I often get out too early even when PA is favorable. My broker has trailing stop but I have to manually enter it when my position is in green, which means I have to be at the computer glued to watch my position and enter trailing stop manually. I am not good at constantly watching my position as I tend to panic by constant see-saw of PA. I need a technique to place orders that...

Ignored

r u a scalper or swing trader??

#1,594
Apr 15, 2009 10:13am Apr 15, 2009 10:13am

alifari
Joined Mar 2009 | Status: Trader | 1,310 Posts

Karthik,

GBP/USD possible short. I hour candle closed below 6/8 resistance. 10 minutes passed new candle and trend is down.

Awaiting your expert advise.

Thanks,

alifari

The purpose of knowledge is action, not knowledge

#1,595
Apr 15, 2009 10:20am Apr 15, 2009 10:20am

ns_karthik
| Commercial User | Joined May 2006 | 1,808 Posts

Quoting alifari

Disliked

Karthik,

GBP/USD possible short. I hour candle closed below 6/8 resistance. 10 minutes passed new candle and trend is down.

Awaiting your expert advise.

Thanks,

alifari

Ignored

yes 1.50 seems to be tough resistance....GU, EJ and GJ are all near their major resistances....tough fight between buyers and sellers...will have to see who wins it...

#1,596
Apr 15, 2009 10:27am Apr 15, 2009 10:27am

kerty9
| Joined Jun 2008 | Status: Trader | 137 Posts

Quoting ns_karthik

Disliked

r u a scalper or swing trader??

Ignored

I am a scalper. I currently aim for 5-20pips in my trades. I get out of the trade within 2-3 candles(5/15 min candles) if my fixed TP/SL has not been hit within 2-3 candles. Low TP and early exists hurt the risk:reward ratio which has to be overcome by having higher % of winners.

#1,597
Apr 15, 2009 10:40am Apr 15, 2009 10:40am

ns_karthik
| Commercial User | Joined May 2006 | 1,808 Posts

Quoting kerty9

Disliked

I am a scalper. I currently aim for 5-20pips in my trades. I get out of the trade within 2-3 candles(5/15 min candles) if my fixed TP/SL has not been hit within 2-3 candles. Low TP and early exists hurt the risk:reward ratio which has to be overcome by having higher % of winners.

Ignored

one thing that u could do is break the lots into 2. Take profit on one lot after , say 20 pips, at the same time, move the SL of the other lot to BE and let it run for as long as you want it.

#1,598
Apr 15, 2009 10:51am Apr 15, 2009 10:51am