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  • #293,941
  • Sep 20, 2010 10:25am Sep 20, 2010 10:25am
This PA is really controlled, a lot of volume but NO fight, thats just plain nuts.
My signature is: "Classified".
  • #293,942
  • Sep 20, 2010 10:30am Sep 20, 2010 10:30am
Quoting T@rantula
I would add this...

Never start thinking any farther out (into the future) past (64) Trading Days unless you are thinking about "old highs or lows."

and read this...

http://howitworks.mymurreymath.com/

Good pips

T


LOL So I am a Guru :-)

Thank you for pointing that one out. In the past I had a lot of discussions about the right P-Value, but no one mentioned the 64 of Murrey Math Guru himself.

I did a lot of experiments with different P-Values, and the ones smaller 64 really suck. Even in stock markets.

My "problem" with the 64 timeframe was, that I had the idea, that a corrective move like the recent run up from the low of 1.3029 should be able to be contained into the -2/8 to +2/8 span. That is not possible with the 64, but with the 256.

I am also an Elliott-Wave Trader, and I know, that one needs at least 120-150 price marks (better more) to judge a wave with a high degree of confidence. So I came to 256.

One of the disadvantages is, that Price sometimes reverses between the lines. On an 64 system would have been a line.

I don't know which one will result in better gains

Which P-Values are other traders here using? And for how long are you using MM?

I will run both P-Values on different screens.

We will see......


Thanks again,

Markus
  • #293,943
  • Sep 20, 2010 10:33am Sep 20, 2010 10:33am
Does anyone have an eye on AUD/USD? Seem to be ready for a downmove. Any thoughts on that ?
  • #293,944
  • Sep 20, 2010 10:37am Sep 20, 2010 10:37am
Quoting yaed
This PA is really controlled, a lot of volume but NO fight, thats just plain nuts.
to me it looks, as if they're "parking" it right now. right above my last short-entrance. the pa these last weeks sucks big time.
  • #293,945
  • Sep 20, 2010 10:44am Sep 20, 2010 10:44am
to me it looks like its being held up...

...but getting quite heavy to hold!
dreams do come true.
  • #293,946
  • Sep 20, 2010 10:51am Sep 20, 2010 10:51am
Quoting fontu
Nice pullback so far & now may range again to take decision break 200ma in both m5,15 tf or test high & back to pavilion .
fontu

http://cdn.forexfactory.com/images/attach/gif.gif

2010-09-20 _ zigzagtracktracer (17h30 CET) EUR-USD 005min _ 000.GIF (33.1 KB)


Jawohl ... schön schön ... overall the major moves of the day might have been done for today ... London is prior to closing time ... only five hours left until rollover IMM then ...
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-20 _ zigzagtracktracer (17h30 CET) EUR-USD 005min _ 000.GIF Size: 33 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #293,947
  • Sep 20, 2010 10:54am Sep 20, 2010 10:54am
PA is in range 1.3031 - 1.3092 today. Just scalp !
Murrey Math on every TF + Divergences on higher TFs
  • #293,948
  • Sep 20, 2010 10:56am Sep 20, 2010 10:56am
Fed buys treasury. Be careful with long
You cannot learn better without losing
  • #293,949
  • Sep 20, 2010 11:06am Sep 20, 2010 11:06am
out for today, cu in asia.
  • #293,950
  • Sep 20, 2010 11:11am Sep 20, 2010 11:11am
Quoting Mr Hatch
out for today, cu in asia.
good luck in Asia, tonight it will be hot in asia, japan will be back on track after the vacation

hope it will go downwards towards .29!
  • #293,951
  • Sep 20, 2010 11:13am Sep 20, 2010 11:13am
PA seems dead - not much movement. Probably out for the day.
Quoting Mikispag
PA is in range 1.3031 - 1.3092 today. Just scalp !
Leverage 200:1, Buy High, Sell Low = Loose a lot of Cash
  • #293,952
  • Sep 20, 2010 11:16am Sep 20, 2010 11:16am
Watch the CEO of the US here: http://www.cnbc.com/id/24494689/
  • #293,953
  • Sep 20, 2010 11:21am Sep 20, 2010 11:21am
Quoting infinitus
L

Thank you for pointing that one out......
Which P-Values are other traders here using? And for how long are you using MM?

I will run both P-Values on different screens.

We will see......


Thanks again,

Markus
No problem...I have a very good experience with MM itself. Been using it for 2 years. In the beginning i was combining it with other s/r levels ( camarilla, fibos etc..). I came up to the conclusion that MM is a way better suited for my trades.

Anyway, I have a friend who has taught me some "finesse" of MM, and I dont use it mechanically. MM needs other indicators to confirm an entry, but once u get a grip u will feel $$$$$ coming to your pocket.

SO far using P 64 on hourly TFs I had pretty good results even with crosses.
256 looks pretty much in the past and I dont belive in "past repeating". Currency markets are ever changing and I dont really feel like "watching the past" as I dont have a need for that.

If u have had good results stick to 256 period, for 2 years of MM trading i dont have any intention to make a change. Black Widow has been pretty good entangling the pips in it


Best pips

T
  • #293,954
  • Sep 20, 2010 11:25am Sep 20, 2010 11:25am
Quoting Masrim
Watch the CEO of the US here: http://www.cnbc.com/id/24494689/
What are you looking for in this meeting?
Do you think it will have a big impact on the market?
  • #293,955
  • Sep 20, 2010 11:32am Sep 20, 2010 11:32am
It's funny, in my projection at this is the point we go down to 3040/30 and the last touch of this area is 30 pips higher in the projection. But we already went there. So we either touch it again, drop 30 pips below or we just continue up to the last part of the projection 3140? It's tricky this prediction stuff.
Founder of Sutherland Wave Principle
  • #293,956
  • Sep 20, 2010 11:32am Sep 20, 2010 11:32am
Quoting Masrim
Watch the CEO of the US here: http://www.cnbc.com/id/24494689/
thanks........pa seems to be waiting for some clues.
  • #293,957
  • Sep 20, 2010 11:33am Sep 20, 2010 11:33am
Bernanke admits to printing $1.0 trillion and more, and more and more)
  • #293,958
  • Sep 20, 2010 11:34am Sep 20, 2010 11:34am
Quoting suthmo
It's funny, in my projection at this is the point we go down to 3040/30 and the last touch of this area is 30 pips higher in the projection. But we already went there. So we either touch it again, drop 30 pips below or we just continue up to the last part of the projection 3140? It's tricky this prediction stuff.
mine is 3134 first target.
Attached Image (click to enlarge)
Click to Enlarge Name: eurwedge3.gif Size: 17 KB
  • #293,959
  • Sep 20, 2010 11:36am Sep 20, 2010 11:36am
Quoting luc.voia
Bernanke admits to printing $1.0 trillion and more, and more and more)

post a link please.............
  • #293,960
  • Sep 20, 2010 11:38am Sep 20, 2010 11:38am
Quoting suthmo
It's funny, in my projection at this is the point we go down to 3040/30 and the last touch of this area is 30 pips higher in the projection. But we already went there. So we either touch it again, drop 30 pips below or we just continue up to the last part of the projection 3140? It's tricky this prediction stuff.
Hope it will be 3040.. my heart can't really take it if it goes to 3140 hehe
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