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Trading using Murray Maths and Price Action

  • #1,741
  • Apr 21, 2009 9:55pm Apr 21, 2009 9:55pm
Quoting kerty9
How do you use 5min chart in conjunction with trading off 1hr chart you just described?
i watch the PA on the 5 M charts around the SR from 1H charts...i look out for stalling, breaks, pin bars, retracements etc and then take trades accordingly...
  • #1,742
  • Apr 21, 2009 10:22pm Apr 21, 2009 10:22pm
Quote
you should be rather be concentrating on the quality of trades, how many pips u make and how successful you were. I watch around 7-8 pairs...

You might have already said this somewhere in the thread, but which 8 pairs do you trade?

Thanks Karthik
  • #1,743
  • Apr 21, 2009 10:36pm Apr 21, 2009 10:36pm
ns_karthik
I am one of the silent majority. I have been with FF for over a year now and never posted anything until now. I hope i am sending this properly so that i can join in.I am very much impressed with your blog on MM.
Thank you
  • #1,744
  • Apr 21, 2009 10:41pm Apr 21, 2009 10:41pm
Anyone going short here at 143.75?
  • #1,745
  • Apr 21, 2009 11:11pm Apr 21, 2009 11:11pm
I'm going short at 143.75. Im putting a 30 pip stop.
  • #1,746
  • Apr 21, 2009 11:15pm Apr 21, 2009 11:15pm
Quoting woodlybog
You might have already said this somewhere in the thread, but which 8 pairs do you trade?

Thanks Karthik
GJ, EJ, GU, EU, AU, GC and rarely EURAUD, UJ and USDCHF
  • #1,747
  • Apr 21, 2009 11:15pm Apr 21, 2009 11:15pm
Quoting Ben-1
ns_karthik
I am one of the silent majority. I have been with FF for over a year now and never posted anything until now. I hope i am sending this properly so that i can join in.I am very much impressed with your blog on MM.
Thank you
thanks Ben....keep visiting the blog and pls spread the word around...
  • #1,748
  • Apr 22, 2009 12:47am Apr 22, 2009 12:47am
Hi Karthik,

Is that your typical example of a false break at GJ 143.75?
  • #1,749
  • Apr 22, 2009 12:57am Apr 22, 2009 12:57am
Quoting Jermy365
Hi Karthik,

Is that your typical example of a false break at GJ 143.75?
yes thats right...also we cannot just go by single numbers as SR...support at 143.75 does not mean that if price goes to 143.7, then its a break...A SR is usually defined as a region rather than a single price....i could see support right from 143.5 to 143.8 and the break was also too slow for me and i could see price stalling in that region....so i did not even think abt a short...

there should be a fast break below 143.5 and price should hold below that for us to confirm the break.....unless price breaks 141.5 , we are still in an uptrend...
  • #1,750
  • Apr 22, 2009 1:44am Apr 22, 2009 1:44am
accumulation taking place at these levels in GJ...we might see a good upmove...
  • #1,751
  • Edited 4:15am Apr 22, 2009 3:54am | Edited 4:15am
After even 26 minutes from the gbp news of mostly positive ones no upmove seen & i feel they will tank hard even any move UP.shorts in place already since morning .

Just checking charts & if take eurusd as ideal pair then price now below 3/8MM in higher tf H1 & above as bear sentiment in action . Though in gj & other pairs they are not .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,752
  • Apr 22, 2009 6:26am Apr 22, 2009 6:26am
hi karthik, thank you for the answers!

i don't remember which chart the break was from, but generally I don't really have a technique to judge a break or a false break.

is there maybe a internet page where the behaviour of the PA near supports and resistances is described or where there is more information for new people like me?

thank you very much

ps: i remember someone talking about volume, do you also use volume as an indicator or any other indicators?
I have the feeling that the volume is different with each broker, the volume on alpari, mbt and oanda all differ.
  • #1,753
  • Edited 8:20am Apr 22, 2009 7:36am | Edited 8:20am
Yes shorts working very fine , gj already 212pips & gu 121 pips , still down & others minimum.eu & uchf,nu loss a little , jpy crosses worked well.Now time for a little retracement & next try to break 1/8mm at a level 141.01 will close all or if successfull follow more down,
fontu

Successfully broken sr in gj & eu too previous shorts closed but new added .gj tp 1 139.06 tp2 137.42 and very hard sr at 2/8MM reached but if break is important otherwise good retracement should be due .
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,754
  • Apr 22, 2009 8:32am Apr 22, 2009 8:32am
Quoting kimchikim
hi karthik, thank you for the answers!

i don't remember which chart the break was from, but generally I don't really have a technique to judge a break or a false break.

is there maybe a internet page where the behaviour of the PA near supports and resistances is described or where there is more information for new people like me?

thank you very much

ps: i remember someone talking about volume, do you also use volume as an indicator or any other indicators?
I have the feeling that the volume is different with each broker, the volume on alpari,...
have u had a look at my blog ? maybe that might give u some additonal info that u r looking for....

ys, i do use volume but thats a huge study in itself..
  • #1,755
  • Edited 12:08pm Apr 22, 2009 10:03am | Edited 12:08pm
Seems the upmove exhausted & looking if the price testing 2/8MM to break down ( mostly likely US news positive ) for shorts again specially EU then gu & gj.crazy eu making trouble to short , perhaps it need more to about 1.3045-62 retracement before coming down if or if make double top in M15 3/8mm can do now .already shorted them but waiting to be safe side.

So far all shorts working very nicely though slow but steady.

EU having suspicious movements & some shorts as scalping already closed & others continue to take any shock.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,756
  • Apr 22, 2009 12:56pm Apr 22, 2009 12:56pm
EU upmove perhaps lossing momentum with less buyers & still 1.3041 can be possible ,More shorts added to all.

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,757
  • Apr 22, 2009 1:13pm Apr 22, 2009 1:13pm
Quoting fontu
EU upmove perhaps lossing momentum with less buyers & still 1.3041 can be possible ,More shorts added to all.

fontu
Hi Fontu

All are UP in 5M, 15M and 1H time frames, how you going to short?
-happyTrading-myFx.
  • #1,758
  • Apr 22, 2009 1:59pm Apr 22, 2009 1:59pm
Quoting myfx
Hi Fontu

All are UP in 5M, 15M and 1H time frames, how you going to short?
With reference to eu sentiment bearish in higher tfs but at that time I add more shorts as price attempts to break 2/8MM and at near the top of the channel in h1 while H4 & d1 are down channel though doubtfull about the successful break , they give only 10-13 pips & closed as price bounced back.
Now again waiting for shorts at the very top 1.3043 or up.

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,759
  • Apr 22, 2009 3:07pm Apr 22, 2009 3:07pm
E/J headed towards 126.95. Right now at 127.25. N/U headed to 0.5524 right now at 0.5544
  • #1,760
  • Apr 22, 2009 3:43pm Apr 22, 2009 3:43pm
shorts taken at the top of the channel in eu closed with 30 pips in eu & corresponding shorts gu,gj more pips . rest will kept overnight .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
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