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Trading using Murray Maths and Price Action

  • #2,341
  • Edited 8:04pm Jan 20, 2012 7:59pm | Edited 8:04pm
Quoting Oshawa
... I wonder on average how long you hold a trade or you just hold it until top levels of MM on higher timeframe ?
higher higher tfs ... how high ? I don't know . Don't worry too much about what I do. You should be more worry about your trades ... do you know that ... I have plans to take your money ?
Quoting Oshawa
... I am curious because like in this aussie chart it shows that you held your trade through deep retracements since your entry nearly 4 weeks ago. I tend to find it very uncomfortable holding trades through all the fluctuations.
Can't I follow the trend ... ?
Quoting Oshawa
Do you hold trades for a specific target through a mechanical system or just using MM levels to exit?
No mechanical system ... and not MM levels either but ... it depends on ... when will my pocket need it
Quoting Oshawa
I hope the questions would not bother you too much. Thanks.
Of course you are bothering me ... next time ... one question ask ... cost you $1.00

That aussie is not deeper enough ... this one is ... gbp/nzd , short @ 2.0320 , temporary locked with long @ 1.9057 . There're some more ...

Next time if you see such things ... don't feel uncomfortable ... coz ... there're some scalpers in between which has been closed.

Look at that usd/cad 5m tf chart. Those two are scalpers only. Their great great grand daddies and mommies are stationed ... where ?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd_1h_011.gif Size: 12 KB
  • #2,342
  • Edited 7:55am Jan 21, 2012 6:43am | Edited 7:55am
@ Oshawa ... ref Gold 4h.

I think ... this has higher retracement and much fluctuations than Aussie which is still in my portfolio.

Note : Ignore the sell order in between short and long. I might cancel it next week. Probably that offer is at wrong price, technically.

I think those girls might piss in their panties should they see how close the retracement to such position , like in that usd/chf .
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: usdchf_30m_011.gif Size: 23 KB
  • #2,343
  • Edited 12:47pm Jan 21, 2012 8:18am | Edited 12:47pm
nzd/usd 1h

long @ 0.7659 , temporary locked it with short @ 0.8075 w/BE+1 .

There might be some more up there ... coz ... about 20% of New Zealand's trades are with Australia.

I think if A/U keep on moving up ... so does N/U. It also has high IR compare to USD.

edit : Looking fwd to test 0.8150 , between [6/8]P and [7/8]P , Daily chart.
Attached Image (click to enlarge)
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  • #2,344
  • Jan 21, 2012 8:18am Jan 21, 2012 8:18am
Hey VennD, I like your MM work...Nice!

Keep it up...MM totally rocks bro...

http://imgur.com/a/1WKR4

All the best

Xard777
  • #2,345
  • Edited 8:29am Jan 21, 2012 8:27am | Edited 8:29am
Quoting xard777
Hey VennD, I like your MM work...Nice!

Keep it up...MM totally rocks bro...

http://imgur.com/a/1WKR4

All the best

Xard777
yeah ... same to you , I have something else to do so ... take care and good luck (If anybody wanna post anything, pls ... go ahead).

(sign off)
  • #2,346
  • Jan 21, 2012 12:25pm Jan 21, 2012 12:25pm
aud/chf 1h

before , after and ... probabilities ...
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  • #2,347
  • Edited 6:03pm Jan 21, 2012 2:01pm | Edited 6:03pm
gbp/cad 1h

Handsome does it ? ... but it cost 8 pips per entry, ... (probabilities) ...
Attached Image (click to enlarge)
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  • #2,348
  • Jan 21, 2012 2:20pm Jan 21, 2012 2:20pm
Quoting VennD
gbp/cad 1h

Handsome does it ? ... but it cost 8 pips per enter, ... (probabilities) ...

I don't trade using MM or Harmonic patterns. Could you explain how one would trade this gbp/cad setup ?

To me, it looks like there might be a last little leg up but the trend is looking exhausted. If it breaks above 5778 wait for it to re-break on the turn over and then one could take a short with a stop above 1.5815 with a target of 1.57

Would this be right? Not sure...
  • #2,349
  • Edited 4:58pm Jan 21, 2012 2:35pm | Edited 4:58pm
Quoting MidasFX
I don't trade using MM or Harmonic patterns. Could you explain how one would trade this gbp/cad setup ?

To me, it looks like there might be a last little leg up but the trend is looking exhausted. If it breaks above 5778 wait for it to re-break on the turn over and then one could take a short with a stop above 1.5815 with a target of 1.57

Would this be right? Not sure...
Go ahead ... it is your account ... anyway ,

Scalpers might be waiting at the white " X " location , probably with a silencer. Up or down doesn't matter...

That is NOT Harmonic . It is ... Forex Skunk Rider
  • #2,350
  • Jan 21, 2012 2:38pm Jan 21, 2012 2:38pm
I trade by other means very happily thank you. I would not trade with a strategy I don't know inside and out ( like MM & Harmonics).

Was simply asking how do you trade these setup your posting?
  • #2,351
  • Edited 5:03pm Jan 21, 2012 2:47pm | Edited 5:03pm
Quoting MidasFX
I trade by other means very happily thank you. I would not trade with a strategy I don't know inside and out ( like MM & Harmonics).

Was simply asking how do you trade these setup your posting?
Ooo... I might be using lower tf to scalp ... just scalps ... u know ?

edit : changed the GBP_CAD_Indexes chart , for a clearer view ...

Again ... That is NOT Harmonic . It is ... Forex Skunk Rider .
Attached Image(s) (click to enlarge)
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  • #2,352
  • Jan 21, 2012 4:24pm Jan 21, 2012 4:24pm
gbp/chf 15m scalp.

I don't know what to say about this ...

(sign off)
Attached Image (click to enlarge)
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  • #2,353
  • Jan 21, 2012 8:47pm Jan 21, 2012 8:47pm
Quoting VennD

That is NOT Harmonic . It is ... Forex Skunk Rider
I've checked online but found nothing about this term. Please would you mind explaining a bit? Thanks.
  • #2,354
  • Edited 7:09am Jan 22, 2012 6:32am | Edited 7:09am
Quoting Oshawa
I've checked online but found nothing about this term. Please would you mind explaining a bit? Thanks.
Sorry ... I haven't finish writing the book ... coz ... the heavy ... old Olympia typewriter always breaks down...

BTW ... I think Mon/Tue would also be a good idea ... to slaughter those usd/cad traders ...

edit : It would be nice ... IF anyone can come up with loonie's chart/s. Im still thinking how the market might slaughter them ...
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_1h_011.gif Size: 23 KB
  • #2,355
  • Jan 22, 2012 7:27am Jan 22, 2012 7:27am
Quoting VennD
Sorry ... I haven't finish writing the book ... coz ... the heavy ... old Olympia typewriter always breaks down...

BTW ... I think Mon/Tue would also be a good idea ... to slaughter those usd/cad traders ...

edit : It would be nice ... IF anyone can come up with loonie's chart/s. Im still thinking how the market might slaughter them ...
Perhaps you should renegotiate with your publisher or change to a different publisher for a better advance that can afford you a state-of-the-art typewriter Or you can ask me to be your publishing agent for a better deal

I don't trade loonie, but from other perspective, the thing looks up. I have a demo long from just below 101
  • #2,356
  • Edited 8:37am Jan 22, 2012 8:18am | Edited 8:37am
Hope people do good here . this week as this chart open taking it analysis what says eu .
M5 tf . price over top trading range 5/8mm is bullish but previously failed break & hold +1/8mm overshoot & back typically to 5/8mm twice to try again break up. recently tried 8/8mm but failed break & so may back 6/8mm 2924/22 or even low to test that 8/8 again . failure typcally go break top trading range to test bottom trading range 3/8mm 2901 or so .

H4 tf to M15tf in indecision range > between top & botton trading ranges where failed break top TR back to Bottom TR to try again break top TR but the same failing break hold the 4/8 mm as majore sr . if situation continues may try ranges here or break bottom TR down as bearish towards 2/8,1/8 or 0/8mm if get support.

Dailiy tf , no difference than others , much below the bottom TR 3/8mm as bearish in nature , bounced back from 0/8mm ultimate resistance but failing break & hold 1/8mm though weak , stall & reverse & so likely test below sr as 2878,2816,2755 to even 0/8 2694 before next try up & test to break 1/8mm if possible .

anyway the price bounce looks completed already 1 leg up as 'a' & though
not broken yet 2872 to confirm the end of it but done 2917 to assume so far and whatever ever further up should break low for wave b down untill & unless market go further life extention before breaks 2872 , not happen again & again & regularly . MM analysis points to the down movements as correction before any good try up above 3937 or so 54 ,can take to a good try but not type to go UP yet. failure even next may down the 0/8mm & undershoot , not thinking yet .
After the correction complete & if price back to breaks daily 1/8m successfully 3937 & hold long time it should tyically target reach bottom trading range 3428 3/8mm .

lets see what market intension/ decision from present indecision states for many tfs .
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #2,357
  • Jan 23, 2012 1:48pm Jan 23, 2012 1:48pm
Hey VennD, I don't think you know how to trade Murrey Math properly.
  • #2,358
  • Jan 23, 2012 4:14pm Jan 23, 2012 4:14pm
@ Jer21

>

Show us then !
  • #2,359
  • Jan 23, 2012 4:41pm Jan 23, 2012 4:41pm
Quoting VennD
@ Jer21

>

Show us then !

Rather not and avoid a million questions.
  • #2,360
  • Edited 7:37pm Jan 23, 2012 4:48pm | Edited 7:37pm
Quoting Jer21
Rather not and avoid a million questions.
Commenting on others is ok ... but after that comment ... you must have a follow-up such as ... by showing HOW to do it properly.

I can also say the same thing to you w/o showing the correct way. Do you want me to do like that to you ?
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