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Trading using Murray Maths and Price Action

  • #1,781
  • Apr 23, 2009 7:09am Apr 23, 2009 7:09am
Hi All

Just wondering if anyone can help me out with the optimum setting for the MM Indicator that they use.
I have mine set to
p = 64
MM Period = 60

I can;t seem to mirror any of the charts that appear on the thread however and seem to be at odds as to when to trade and not to, given the areas of resistance.

Any guidance would be great

Thanks in advance

Wayne
  • #1,782
  • Apr 23, 2009 7:24am Apr 23, 2009 7:24am
@swede

I am not sure what the p means
but the MM period is the timeframe you are in expressed in minutes,
so if you are in 1H you have MM period 60
in 5Min MM period 5
in 1Day MM period 1440

5M chart with MM period 60 gives you the hourly levels on the 5 minute timeframe!
hope this helps

I was looking around in the internet and found various pictures of MM indicators with different geometric things included, anyone knows what that is about?
Attached Image
  • #1,783
  • Apr 23, 2009 8:14am Apr 23, 2009 8:14am
I am sorry Karthik, I didn't really understand your response. I hope you was being sarcastic when you said to put up a few indicators and learn a system in 5 minutes! I hope you understand, that I believe understanding market structure and trading around key S/R areas is what I know to be the right path to success.


Quoting ns_karthik
thats right Alias...this method is not easy to learn...u need to spend lots of time in analysis and u need to develop a feel for the pair and the market...so why spend so much time on this when u can just throw in a couple of indicators and learn the system in 5 mins ?? well, this is the only method that consistently works....nothing else, no other system, works as consistently as this one...
  • #1,784
  • Apr 23, 2009 8:33am Apr 23, 2009 8:33am
Quoting Aliassmith
I am sorry Karthik, I didn't really understand your response. I hope you was being sarcastic when you said to put up a few indicators and learn a system in 5 minutes! I hope you understand, that I believe understanding market structure and trading around key S/R areas is what I know to be the right path to success.
yes alias...i was trying to be sarcastic...u need to know market structure and develop a feel for the market to trade using this method...
  • #1,785
  • Apr 23, 2009 8:52am Apr 23, 2009 8:52am
Hi Karthik,

I want to ask you something about pair correlation. I mean if you are trying to go short gbp/usd based on mm indi and prices are unable to break resistance. Do you also check gbp/jpy chart whether that pair is also near resistance just for confirmation. As both pairs are correlated, I mean if gj goes down so does gu.

The reason I am asking this is lot of times I am ready to take a trade on gu but when I check gj chart I somehow get confused and do not enter trade due to above mentioned reason and I miss out on lot of winning trades.

Also do you take into account Dow Jones Futures when entering GJ and GU trade.

Would appreciate your reply.

Thanks,


Alifari
The purpose of knowledge is action, not knowledge
  • #1,786
  • Apr 23, 2009 9:13am Apr 23, 2009 9:13am
Good breakout played specially gu & gj but eu at the bottom of the channel may dismiss any action further down for now .
fontu

H4 candle still down , QQe lower tf crossed 50 ,may have another chance to short from 4/8MM EU & to take for my set of pairs .

But H4 QQE crossed up already may not have this chance at all & long to play from 4/8MM .
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,787
  • Apr 23, 2009 10:16am Apr 23, 2009 10:16am
Quoting ns_karthik
yes alias...i was trying to be sarcastic...u need to know market structure and develop a feel for the market to trade using this method...
Thats good to know
  • #1,788
  • Apr 23, 2009 10:41am Apr 23, 2009 10:41am
Quoting ns_karthik
well, thats nice....lemme take this one by one.....lets go to the first circle...in that, you see that price breaks thru resistance...but it does not run away...so u can wait for the retracement and when the retracement comes u see how it goes....the retracement carries price just below support and then stops and stalls....u also see a small pin bar...so u know that some support is building and maybe u could risk a small long...as expected, after stalling, it goes up again, breaks the resistance again and then u see a long bar and again a retracement...
Excellent explanation. You should do more charts that explain successful and failed breaks of MML. Since they are the key for building confidence in trading MML and taking successful entries. Like your daily analysis of pairs, can you post a daily chart that explain a variation of a successful break of MML and one that failed? It can be very educational. Thanks.
  • #1,789
  • Apr 23, 2009 12:04pm Apr 23, 2009 12:04pm
Quoting bingchi6
I did with a quick scalper of the day (normally not). Long at exactly 5/8 at 141.406 and take profit at the end 15 min candle for 18 pips. I took this one because i c price below the fans then re-entry at .500 fib fans

The lines on your chart... is that a fib fan indi?
The trend always ends.
  • #1,790
  • Apr 23, 2009 12:05pm Apr 23, 2009 12:05pm
Quoting kerty9
Excellent explanation. You should do more charts that explain successful and failed breaks of MML. Since they are the key for building confidence in trading MML and taking successful entries. Like your daily analysis of pairs, can you post a daily chart that explain a variation of a successful break of MML and one that failed? It can be very educational. Thanks.
its difficult cos i simply dont get the time to do it...maybe i will start doing that on the blog...sometime over the weekend maybe...
  • #1,791
  • Edited 11:21pm Apr 23, 2009 1:27pm | Edited 11:21pm
Perhaps a long race up not ending soon.I see 2 pending shorts activated but seem not ok.
gj at 143.94 and gu 1.4657 wherase eu set entry at 1.3172 still long way to go.QQE in H4 still strikingly up through 50 line .

some retrace may be there to close .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,792
  • Apr 23, 2009 3:15pm Apr 23, 2009 3:15pm
Keep on with the good work!!! Thanks.
  • #1,793
  • Apr 23, 2009 10:03pm Apr 23, 2009 10:03pm
Hi Karthik,

Read your article on PA using the EU chart as an example. It is a good example and was extremely helpful .
There was reference to pin bars in the charts. Could not see it clearly on the chart. Perhaps some elaboration on pin bars will be helpful.

Many Thanks
  • #1,794
  • Apr 23, 2009 10:37pm Apr 23, 2009 10:37pm
Quoting ShamusFamous
The lines on your chart... is that a fib fan indi?

Sorry ShamusFamous that response to u a little bit late here. Yes this is Fibonacci Fan tools u drew either from swing high/low or low/high. I used this to look for entry price pullback.
  • #1,795
  • Apr 23, 2009 11:15pm Apr 23, 2009 11:15pm
Quoting Horn
Hi Karthik,

Read your article on PA using the EU chart as an example. It is a good example and was extremely helpful .
There was reference to pin bars in the charts. Could not see it clearly on the chart. Perhaps some elaboration on pin bars will be helpful.

Many Thanks
pls refer the james16 group for pin bars...they r the best...
  • #1,796
  • Apr 24, 2009 12:05am Apr 24, 2009 12:05am
Quoting ns_karthik
pls refer the james16 group for pin bars...they r the best...
Will do. Thanks
  • #1,797
  • Apr 24, 2009 2:51am Apr 24, 2009 2:51am
Hi Xard777,

Thanks for this indicator! Can the indicator be programmed so I can receive email when there is a stage 3 alert?

Thanks in advance

PS I also sent you a private message.

Quoting xard777
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.

So if you go long on a M5 aqua arrzzx2, it is good till a yellow stage 2...
  • #1,798
  • Apr 24, 2009 3:31am Apr 24, 2009 3:31am
Continued up movement in eu , my ideal pair & since morning gj,gu not exactly correlating .
I think in eu 1.3311 should be the best place to short big & corresponding gj 143.00 and gu 1.4750 , all round numbers , placed pending orders there.
by this time let long run with tight stop.

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,799
  • Apr 24, 2009 4:56am Apr 24, 2009 4:56am
Hi alifari

GBP/JPY is affected from both USD/JPY and GBP/USD, meaning that if GBP/USD is going south, it is not a clear sign that GBP/JPY should also go south, as maybe USD/JPY is going North with grater strength, so G/J is going also North.
I hope you get the picture.

regards

sotos
  • #1,800
  • Apr 24, 2009 6:29am Apr 24, 2009 6:29am
Quoting fontu
Perhaps a long race up not ending soon.I see 2 pending shorts activated but seem not ok.
gj at 143.94 and gu 1.4657 wherase eu set entry at 1.3172 still long way to go.QQE in H4 still strikingly up through 50 line .

some retrace may be there to close .
fontu
Hi Fontu,

Do you know where can I get info about QQEA & Gann HiLo indicator. I am trying to use these indicators, but want to know what signals to look for.

Would appreciate your response on this.

Thanks,

Alifari
The purpose of knowledge is action, not knowledge
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