Trading using Murray Maths and Price Action

This is what i see....sorry tried to post it previously and did not upload

could be correct for now...but need to see it on higher TFs to confirm...

GM Karthik,
here is a 4hr
what do you think?

The 4H does not say much except that the last 4H was full of buyers and they bought everything in sight...maybe we need to go into 1H and see...

on the 1H i see some topping out....would rather wait...

omportant analysis posted on blog...

Climax volume bar on 1hr but 5min very much drifting sideways . I would
not take a position yet .

for those who did not pay heed for my saying that 1.7050 was a very strong support for GC and is likely to move up, well, u just missed a chance for an easy 200 pips....

I am short too,I saw this

Karthik,

I enjoy reading your blog updates.
How do I get notifications of when you update? Do I have to have my own blog and link it to yours in order to be notified?

Thanks

not necessary....i assume that u r already one of the followers? if yes, u should be getting some mail or something to inform u of updates...arent u getting them??

Nowadays, the thread is very slow...but i will continue my duty...Heres Sneha..

i will post some of my analysis over the weekend in my blog....hope it will be of use...

Can you post the mq4 file for the MACD_OsMA indicator you have on your charts? Much appreciation.

Very agreed with Karthik weekly outlook for cable. My bias for cable is also bearish as i have shorted earlier and closed 1 lot on Friday at 1.4801. At this juncture, the tentative break above 1.5 can be considered a false break, and i see price very possible break thru 1.4648 support area.

Thanks for the weekly analysis .

Just planning for possible this week movement Eurusd :

Ist hourly chart > pa closed at 1.3024 just above 5/8MM in downtrend & at the very bottom of down channel. may try to break 5/8 sr and may go below 1.3000 to 1.2985/1.2869 at an extreme possibility. Then it should go up again either to the top at about 1.3076 to 1.3091 just above 6/8MM OR if continue down then first up will be limited till 1.3060 or little up at 6/8MM& then down to 4/8 MM 1.2939 ,bottom of the down channel.

so important figures are short till 1.3000 or less to pick the bottom.
Next , go long for the top 1.3076 or up 1.3091 or halfway when downtrend may continues further 1.3060 and next down to the bottom again at 1.2939 minimum.

Next H4 chart> Price stayed 12hrs below 3/8MM 1.3062 may not be any doubt that it broke that level successfully and staying below the midline of the down channel should reach for next big SR of 2/8MM 2.2939 .but it may be and price may bounce from any sr below at1.2999 ( 1.3000) or even 1.2970 to up again in both cases 1.3029 /1.3041 or even back UP to the upper quadrant to the top again at 4/8MM 1.3181 ( possible but very unlikely).

If the down movement to continue and respect all down channel it should go to the bottom of the down channel at 1.2875 to 1.2814 1/8MM having good move Up & down at 1.2939 2/8MM .

So important figures here are 1.3062 ,1.3029/41 above as possible tops and down 1.3000, 1.3029,1.2939 towards the bottom of the channel 1.2875 /1.2814.

Next daily chart >In daily chart price failed to break the down channel at the top 4 times & now on down movement towards the middle of it at SR -1/8MM 1.2601 first.intermediate sr to act as of other lower chart.

Last weekly chart>In weekly chart too price bounce from top of the down channel and sr 3/8MM 1.3177 can be consider broken to test break 2/8MM at 1.2688 to 1.2444.

I see all those down movements is supported by down channels & QQE cross 50 in daily chart and breaking all channels from the present price though not impossible but extremely unlikely.

My plan will be sell at those TOPS and buy BOTTOMS having small lots & good SL.
fontu

Strange !!!!!!!!
what should move in weeks can move instantly?
Seems the real quotes working as I see updates .If it actually happenning then there should be either massive retracement to 1.3180 4/8MM daily to 1.3300 with shortest period of time at openning or continue down 0/8MM weekly 1.1719. Only GOd knows what is true!!!!!!

I will be buying....for sure here

should be an interesting week !!

No doubt. very big movements on eiter side , good for we all very need to be very carefull too. Wish good trading this week & so. Bid sideways to ultimate big DOWN.

Anyway , did you developed any strategy for entry -exits for actual trading decision using MM ?
fontu