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Murrey Math Daily System

  • #141
  • Oct 26, 2009 4:07am Oct 26, 2009 4:07am
Hey mer and others, is it my imagination or has mt4stats been down lately?
You are in a maze of twisty little passages, all alike.
  • #142
  • Oct 26, 2009 5:54am Oct 26, 2009 5:54am
Quoting mer071898
I will be experimenting with the Stealth V.2 to see if the Trailing Step (TS) will be any more beneficial.

Trades I've taken:

Eur/Usd-Short- TP-104, SL-140, BE-52, BES-26, and TS-13, 4 lots

Gbp/Usd-Short- TP-56, SL-190, BE-28, BES-14, and TS-7, 4 lots

Eur/Gbp-Long- TP-70, SL-176, BE-35, BES-18, and TS-9, 4 lots

Eur/Jpy-Long- TP-90, SL-226, BE-45, BES-23, and TS-12, 2 lots

Gbp/Chf-Short- TP-74, SL-414, BE-37, BES-19, and TS-10, 8 lots

Eur/Cad-Long- TP-72, SL-172, BE-36, BES-18, and TS-9, 4 lots
EURJPY long? It closed Friday above 8/8 which is overbought.
  • #143
  • Oct 26, 2009 8:18am Oct 26, 2009 8:18am
Quoting kellera6
EURJPY long? It closed Friday above 8/8 which is overbought.
yes i know and that is why i haven't taken the trade myself.
  • #144
  • Oct 26, 2009 8:19am Oct 26, 2009 8:19am
my usd/cad did close with a profit, the other 2 eur/usd and eur/gbp still going.
  • #145
  • Oct 26, 2009 9:11am Oct 26, 2009 9:11am
Quoting fed
my usd/cad did close with a profit, the other 2 eur/usd and eur/gbp still going.
I didn't enter the USDCAD in my Demo but it sure did perform well. Overall I am very impressed with this Murrey system. I like its simplicity in setup, the small amount of time that it takes to review the trades each day, and most of all its profit vs. loss
  • #146
  • Oct 26, 2009 9:19am Oct 26, 2009 9:19am
Today I have had two offices, eur/usd BE 85 pips. And usd/cad 42 pips.
Someone can say to me like to insert images. Thank you very much.
Thank you mer071898 for this system.
  • #147
  • Edited 10:27am Oct 26, 2009 10:15am | Edited 10:27am
Quote
EURJPY long? It closed Friday above 8/8 which is overbought.
I know, I just tested it with very small lots (two) just to see how it would perform, but you guys are right. Typically, we would not have taken this trade due to those reasons and if you look at post #101, I already mentioned that you should not take this trade and if you do to use extremely low lots.

Quote
Hey mer and others, is it my imagination or has mt4stats been down lately?
Yes stevegee58, it has been down all night for some reason. I sent them an e-mail yesterday but have not received a response.

Quote
Someone can say to me like to insert images.
sionooyoques, If you are asking how to post a pic, all you have to do is when you reply to a post, go down to Thread Options-Manage Attachments. When you click it a box will pop up and then you click Browse and then locate the file you want to upload, click the file, then hit Open, then Upload, and then close the box and your done.

UPDATE:

My Eur/Usd trade has closed @ TP for 105 pips for a profit of $4188.00 with 4 lots. Everything else is still active.

At this pace it looks like we'll have to close out the remaining two trades for losses, be we'll get those losses back, I guarantee. Still a lot of time before the day ends though.
  • #148
  • Oct 26, 2009 10:34am Oct 26, 2009 10:34am
I have changed the stats page over from www.MT4Live.com to www.MT4Stats.com and will probably leave it there because it give a little more complete profile of the trades with the 'Analysis" tab. Just click on the link in the signature below, sorry for the inconvenience.
  • #149
  • Oct 26, 2009 10:57am Oct 26, 2009 10:57am
The mtstat already doens't work.

Quoting stevegee58
Hey mer and others, is it my imagination or has mt4stats been down lately?
  • #150
  • Oct 26, 2009 11:16am Oct 26, 2009 11:16am
olachico, I think he meant MT4live because that is where it was at before. MT4Stats is working fine for me.
  • #151
  • Oct 26, 2009 11:58am Oct 26, 2009 11:58am
my usd/cad also closed with a big profit. Eur/GBP is sitll going with -90 pips. I won't close it because of this scene, I am expecting it to hit .9040 and then hopefully it will go up my way.
Attached Image (click to enlarge)
Click to Enlarge Name: stealth3.jpg Size: 70 KB
  • #152
  • Oct 26, 2009 12:22pm Oct 26, 2009 12:22pm
Quoting mer071898
olachico, I think he meant MT4live because that is where it was at before. MT4Stats is working fine for me.
No, I meant mt4stats. At the time I posted, it was down. But now it's back for me.
You are in a maze of twisty little passages, all alike.
  • #153
  • Oct 26, 2009 2:53pm Oct 26, 2009 2:53pm
Hi mer and other traders,

some of you have gbp/chf on oversold and some of you have it on level 4/8

i used to have it on an oversold level i think 0/8 , but you have to change the P variable in the Murrey Meth Indicator from 64 to 32 then it will be right.. at least my gbpchf chart looks now like mer's one he posted earlier.

dont know if we have to change this variable for all pairs, i have it so far only changed on gbpusd and gbpchf, maybe we should change it on all gbp pairs ? dont know ... but its important that we all have the same charts ... i dont think data feed makes such a big difference we are working daily here ...

cool system mer, keep the good work coming...

happy trading all ...
consistency wins
  • #154
  • Oct 26, 2009 2:57pm Oct 26, 2009 2:57pm
forgot to post a pic of the gbpchf thats how it looks like to me now ... hope this helps
Attached Image (click to enlarge)
Click to Enlarge Name: pic23.gif Size: 18 KB
consistency wins
  • #155
  • Oct 26, 2009 3:08pm Oct 26, 2009 3:08pm
Hi mer & traders
newbie question
From post #6 I quote
Only look for short entries if price is above the 8/8, +1/8, or +2/8
So I can not understand why did you take the short trade on the EU.
On my chart , price was bellow the 8/8,+1/8,+2/8
I am probably missing something
Pls advice
Tks
david4u


Quoting mer071898
UPDATE:

My Eur/Usd trade has closed @ TP for 105 pips for a profit of $4188.00 with 4 lots. Everything else is still active.
Attached Image (click to enlarge)
Click to Enlarge Name: eu +105.gif Size: 36 KB
  • #156
  • Oct 26, 2009 3:19pm Oct 26, 2009 3:19pm
Quoting david4u
Hi mer & traders
newbie question
From post #6 I quote
Only look for short entries if price is above the 8/8, +1/8, or +2/8
So I can not understand why did you take the short trade on the EU.
On my chart , price was bellow the 8/8,+1/8,+2/8
I am probably missing something
Pls advice
Tks
david4u
It took me several times reading it to understand it myself. It's all in how you interpret those sentences. What he means is that if the price is ABOVE 8/8, +1, or +2 which is all in the overbought area, do not look to go long. Only consider shorts. Vice versa if the candle is at or below 0/8. Below 0/8 only consider going long and not short because chances are, it's going to turn around soon and head back up.

Anywhere above 0/8 up to 7/8, you can go long or short.

I hope that answered your question! If not, let me know and I'll try again
  • #157
  • Oct 26, 2009 3:35pm Oct 26, 2009 3:35pm
Quote
forgot to post a pic of the gbpchf thats how it looks like to me now ... hope this helps
My chart looks like yours as well, but I didn't have to change any values. If the Murrey indicator is going to recalculate, it will generally recalculate when a new candle opens.

Quote
Only look for short entries if price is above the 8/8, +1/8, or +2/8
kellera6 hit it right on the head. Once you go above 8/8 or below 0/8, these are considered extremely overbought/oversold areas and trades have a very strong tendency to rebound from these areas (as you can see in my Eur/Jpy trade), which makes shorts below 0/8 or longs above 8/8 very, very risky. Anywhere in between, you can go either long or short but pay attention to the lots size recommendations.
  • #158
  • Oct 26, 2009 3:52pm Oct 26, 2009 3:52pm
Here are the pairs that have possible setups tonight:

Eur/Usd- short
Eur/Gbp- short
Eur/Jpy- short
Gbp/Chf- long
Gbp/Cad- long
Eur/Cad- long (if it finishes strong)

We will be closing out our active Eur/Gbp and Eur/Jpy trades for a loss and re-opening them and increasing the lots to 8 & 4 lots respectively.
  • #159
  • Oct 26, 2009 4:09pm Oct 26, 2009 4:09pm
Quoting mer071898
Here are the pairs that have possible setups tonight:

Eur/Usd- short
Eur/Gbp- short
Eur/Jpy- short
Gbp/Chf- long
Gbp/Cad- long
Eur/Cad- long (if it finishes strong)

We will be closing out our active Eur/Gbp and Eur/Jpy trades for a loss and re-opening them and increasing the lots to 8 & 4 lots respectively.
hi there, agreed on the first 4 pairs, the last 2 g/c and e/c which I don't trade. Lets hope we have a great day again, another 50min left for the day to end with my GMT
  • #160
  • Oct 26, 2009 4:13pm Oct 26, 2009 4:13pm
It looks like the Stealth V.2's Trailing Step is functioning well and I will continue to use it from here on out.

Trades I've taken:

Eur/Usd-Short- TP-94, SL-160, BE-47, BES-24, and TS-12, 8 lots

Eur/Gbp-Short- TP-72, SL-180, BE-36, BES-18, and TS-9, 8 lots

Eur/Jpy-Short- TP-118, SL-200, BE-59, BES-30, and TS-15, 4 lots

Gbp/Chf-Long- TP-212, SL-290, BE-106, BES-53, and TS-26, 8 lots

Gbp/Cad-Long- TP-126, SL-370, BE-63, BES-32, and TS-16, 4 lots

Eur/Cad-Long- TP-100, SL-150, BE-50, BES-25, and TS-12, 8 lots

Aud/Nzd-Long- TP-36, SL-90, BE-18, BES-9, and TS-5, 4 lots

I'm sorry, I must have missed the Aud/Nzd a couple of posts up and got in a little late.
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