4H Strategy with RSX and Murray Math | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Murray Math Levels 30 replies

Murray Math 13 replies

RSX EA help - placing too many orders 3 replies

4H Strategy with RSX and Murray Math 2 replies

Murray Math Indicator help? 5 replies

Attachments: 4H Strategy with RSX and Murray Math
Exit Attachments

4H Strategy with RSX and Murray Math

  • #161
  • May 19, 2009 1:55am May 19, 2009 1:55am
Quoting LuckyRoost
Would you call this bearish divergence on the 1hr?-- I still see bullish on the other tf's-- but want your perspective...
In my view it has played out between 4/8 and 3/8 in the candel after the 2nd vertical line!
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 40 KB
  • #162
  • May 19, 2009 3:35am May 19, 2009 3:35am
Great! Thanks- I missed the trade but I will be looking for it now...

Also your final semafor is much different somehow then generic one I had-- I think yours might is better--
  • #163
  • May 19, 2009 4:15am May 19, 2009 4:15am
Quoting zappolo
In my view it has played out between 4/8 and 3/8 in the candel after the 2nd vertical line!
Zappolo, my first time to try MM, I saw it repaints on my 4H chart, am I right? Thanks. If it repaints, when does this happen?
  • #164
  • Edited 6:03am May 19, 2009 5:23am | Edited 6:03am
Quoting Exciter135
Zappolo, my first time to try MM, I saw it repaints on my 4H chart, am I right? Thanks. If it repaints, when does this happen?
Here you can find how Murrey Math Levels are drawn.

It repaints when there is a breakout. To draw this lines the indicator looks at highs and lows, so with a breakout it redraws the lines. Most of times the levels remain the same, but the change is with the label...!
f.e. if you have a breakout over +2/8 extreme overshoot the same level might transform in 6/8 pivot or something else...! In the lower tf it often happens, in higher tf (like 4h) it could happen 1 time in 2 or 3 weeks.
The most important thing is to look at Murrey Lavels not as to a "MUST RETRACE", but as to a "possible level of retrace".
  • #165
  • May 19, 2009 6:30am May 19, 2009 6:30am
USDCHF 4H update....
Attached Image (click to enlarge)
Click to Enlarge Name: uc.gif Size: 32 KB
  • #166
  • May 19, 2009 7:12am May 19, 2009 7:12am
According to your rules--- sell stop at 148.44?? correct?

4hr RSX is crossing downward at 80. and the next mm is 148.44. with the upward bias in g/j it'll be interesting to see if it gets low enough in the next couple of hours.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr gj.gif Size: 42 KB
  • #167
  • May 19, 2009 7:24am May 19, 2009 7:24am
The fast line is near crossing, but RSX14 hasn't...in my opinion we could see a test of highs at +1 or +2 level....but I'll enter when RSX14 (blu line) will cross...
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 45 KB
  • #168
  • May 19, 2009 12:15pm May 19, 2009 12:15pm

Higher lows in price and lower lows in the oscillator which indicate a confirmation of the price trend which is up. (Taken from your Blog)

Possible re-entry for long?
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr uc.gif Size: 26 KB
  • #169
  • May 19, 2009 1:15pm May 19, 2009 1:15pm
Possible, but be carefull, as every indicator divergences need a confirm....it's risky to use it alone...
  • #170
  • May 19, 2009 1:17pm May 19, 2009 1:17pm
Quoting zappolo
Possible, but be carefull, as every indicator divergences need a confirm....it's risky to use it alone...
Sorry, I'm come back now from work and have seen too fast your graph....USDCHF is going up, so you don't have to look to lows but to highs...!!!
  • #171
  • May 19, 2009 2:13pm May 19, 2009 2:13pm
An update on GJ...
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 45 KB
  • #172
  • May 19, 2009 2:27pm May 19, 2009 2:27pm
Is a good moment to short a GBP/USD?
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 32 KB
  • #173
  • May 19, 2009 2:46pm May 19, 2009 2:46pm
I think you want to make sure rsx has crossed the 80 (up)-- then turned back and is crossing the 80(down) a second time.

Looking at the 1HR chart-- it looks like rsx (price) can still go a bit higher, but does look like it is setting up quite nicely.
  • #174
  • May 19, 2009 3:56pm May 19, 2009 3:56pm
Quoting kobra11
Is a good moment to short a GBP/USD?
Not yet, there isn't an RSX cross...and pay attention, GU is a bit crazy with rsx....GJ and USDCHF are more accurate!
  • #175
  • May 19, 2009 4:01pm May 19, 2009 4:01pm
Quoting LuckyRoost
I think you want to make sure rsx has crossed the 80 (up)-- then turned back and is crossing the 80(down) a second time.

Looking at the 1HR chart-- it looks like rsx (price) can still go a bit higher, but does look like it is setting up quite nicely.
If it's not turned back but you are overbought/oversold in murrey levels you can open a trade...even if it's true that a turn back is safer!
  • #176
  • May 20, 2009 2:30am May 20, 2009 2:30am
GBPUSD is near to a short setup, but be carefull, rsx hasn't crossed, so it's possible that it will go up before falling down!!!
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 38 KB
  • #177
  • May 20, 2009 5:14am May 20, 2009 5:14am
An update of USDCHF...
Attached Image (click to enlarge)
Click to Enlarge Name: uc.gif Size: 41 KB
  • #178
  • May 20, 2009 6:03am May 20, 2009 6:03am
Ok, both GU and GJ are topping, but in my opinion it's too early to open a position, because they should be able to go up at least until tonight or tomorrow and then follow down...!

GU's RSX is flat, and GJ's one is not yet arrived to 80!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj.gif Size: 45 KB
Click to Enlarge Name: gu.gif Size: 38 KB
  • #179
  • May 20, 2009 6:42am May 20, 2009 6:42am
Quoting zappolo
Ok, both GU and GJ are topping, but in my opinion it's too early to open a position, because they should be able to go up at least until tonight or tomorrow and then follow down...!

GU's RSX is flat, and GJ's one is not yet arrived to 80!
Hi Zoppolo,

I was wondering why "both GU and GJ should be able to go up at least until tonight or tomorrow and then follow down...!"?

Is that because of following line which you say:"GU's RSX is flat, and GJ's one is not yet arrived to 80!"

Thanks
Mike
Failure, is a wonderful teacher!
  • #180
  • May 20, 2009 6:55am May 20, 2009 6:55am
Quoting mike1349
Hi Zoppolo,

I was wondering why "both GU and GJ should be able to go up at least until tonight or tomorrow and then follow down...!"?

Is that because of following line which you say:"GU's RSX is flat, and GJ's one is not yet arrived to 80!"

Thanks
Mike
Oh yes, it's for that...and the timing is because a candle of our graph lasts 4 hours...
0 traders viewing now