- Joined Oct 2005 | Status: Pip Slappa Extrordinaire | 1,012 Posts
You are in a maze of twisty little passages, all alike.
Murrey Math indicator is very useful in Forex 68 replies
Murrey Math lines 6 replies
Daily Murrey Math settings 0 replies
Daily/Weekly Murrey Math 7 replies
Murrey math trading 1 reply
DislikedWell first off kellera6, Forex is unpredictable, period. It doesn't matter if your talking about gaps or fibs or whatever you choose. With regards to gaps, in my experiences, 80-90% of the time the gap will fill at least 90% of the way. The only thing you can do is be patient and watch if the gap fills, and I mean IF, and make your decision at the Sunday close for entering new trades. I'll tell you what, if you look at the charts, every pair tonight that I watch has already filled the gap, pretty cool huh? I actually do gap trading...Ignored
DislikedFreewheelin, thanks for the trade sheet, I like the visual scan to be able to quickly determine my trades for the day. However am having trouble opening the file, it shows it to be excel but when I download it comes as an unsuported php. Is there another way to attach the file? Thanks for your help.Ignored
QuoteDislikedHow about short EURAUD? It breached and closed just below 2/8. Long AUDNZD since it breached the 7/8 line? AUDJPY long since it breached the 4/8 line?
QuoteDislikedAlthough I will test according to original rules... "if bar closes 2/3 into next level.. no trade..." Most trades taken, according to images posted here ignore that rule... http://cdn.forexfactory.com/images/s.../yim/shame.gif (I realize they are with smaller lots... but with risk:reward SO out of wack... I wonder if the few pips are worth the risk)
DislikedOpen Trades
GBP/NZD -174 pips
Closed Trades
EUR/USD +79 pips
Trades of 4 November 2009
I trade only pairs that fulfill the main rules. So if a candle breaches one Murray Level with his real body and another Murray Level with his wick, I personally don't trade it.Ignored