Trading using Murray Maths and Price Action

hey am doing fine....all even numbered MM lines are very strong SR...eg 2/8, 4/8 and 6/8....the odd numbered ones arent so strong...

would someone be kind enough to guide me where to look or explain how to read the better volume indicator, such as what the red, white, green colour bar represents. since i am here, i wish to take this opertunity to thank kart for his generosity and hope good karma rewards him 100 times more. cheers.

Try this & see if it is what you are looking for.

http://www.forexfactory.com/attachme...0&d=1244141670

exactly what i was looking for vanhook, thanks you never let me down

hi every one

Hi karthik,

Sorry for not being on lately, been busy researching stuff, you know how it goes...a day turns into a week, then a month and so on.

Anyway, here is cable on a 15min chart.

I know before anyone says it, zigzags repaint...yes they do, but I find them to be a necessary tool...each to their own.

All the best

Xard777

ps sorry for not posting a pic of a babe...oh wait...here is one of Isha...

Xard777

I appreciate your help in here.... I can't read so those nice pics make my day.......!!!!!

Hi Karthick,

I want to say thank you to you!

Your strategy really really works and fits my life style!

I like applying the strategy on 1 hr TF, and I found trading on a pull back after a super long candle has a very good percentage of winning.

I will demo it for as long as necessary (3 months, 1 year who knows). I really believe this is going to work out, the only thing I need is to improve my trading psychology.

Thank you!

Baby

hey thanks....well done...it sure does work...i know that for a fact...so keep pushing at it and one day will turn out to be a successful trader like a few around here....

wonderful pic, xard...maybe i also need to start posting some charts/pics...:-))...

there has not been much clear trend in any pair in the last week or so...so much of whipsawing....need to be very careful...but GJ looks good for another move down....though i believe that the overall trend is still up...

well, now we had a nice move down.....good for the shorts...now waiting for further direction...

Udita Goswami

Your trade setup charts would be appreciated

2 weeks back was full of perfect PA setups on almost all pairs that i could lay my eyes on. Here is one on EURAUD. The first pic is the 1H chart for EURAUD. Now watch the price action on the move to resistance at around 1.7765 and then the move down to 1.7456. Do you see anything special ? No?? There is nothing special in it unless seen by trained eyes who can spot beautiful PA setups and money making opportunities.

This pair made through till it faced a strong resistance at around 1.7765 - 1.7822. Newbies would see this beautiful move up and be tempted to go long at the top. But have a look at the 4H chart and it shows lot of congestion in that price range previously. So unless this price range is broken either way, you should stay away from the trade. So, you wait. Waiting is very tedious but good trading is boring. It sure is. Then you see a breakdown thru the congestion region to the downside and you see a move to 1.7578. You are tempted again to go short. Hold on !! 80-90 % of the time, a break through a SR region will be followed by a move back into the SR region atleast one more time. Here the support has been broken but in the 1H chart, see the price move back into the support/resistance region.

Why does this happen ? Once the break in SR happens, the big guys push back the price into the SR region to tempt newbies and the small guys into thinking that there is going to be an upmove (in this case) and tempt them into buying again. So, you wait again. This move back into the SR region may take anywhere between a few mins to a few hours depending on the Tf that you trade. Now the price moves back into the SR region and again there is a fall.

You wait anxiously. The best entry is obtained on the break of the support from which the upmove into the SR region was made. In this case, the upmove back into the SR region started from 1.7595. So, you wait patiently for the break of 1.7595 and at one fine point, the break happens and the price zips through 1.7595. So, where do you enter ? Do you enter at 1.7594 or 1.7593 or 1.7592 or where?

Well, you wait for the support to be broken and price through support. Then, you switch to the lower TF. Watch the 15M chart. Here, you see price break through 1.7595 and move to 1.7555. But as in any other support break you can see price coming back up. You wait for price coming back to 1.7595 and then take a short there. Dont think, dont waver. Just short it. The break of support is confirmed by 2 things : The long bar on the break of support on 1H and the retrace and stalling at the support at 1.7595. If the break had been false, there will be not be any stalling on the retrace back to 1.7595, the price would just zip through 1.7595 and back into the 1.7610 region.

Once you have taken the short on the retrace, just sit tight. Dont waver. Since this has been observed on a 15M chart and this pair is quite volatile, you can be assuredof atleast 50 pips. Just sit tight and enjoy the pips. A perfect PA setup !!

sorry here are the charts....

interesting price action on the yen crosses...typical of monday....no one knows where to go ...lol....u could be whipsawed to death if u werent careful...

i would favor longs though...

nice little breakout on usdcad....

Namaste, ns_karthnik

I was looking on the web sites about the update of MML.
But could not find it.

I want to know whenMML will update.


Thank in advanced

Sri Loba

It is dead man...that guy (Karthik) became so greedy...so no life for his thread.