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Trading using Murray Maths and Price Action

  • #2,361
  • Edited 4:06pm Jan 23, 2012 3:12pm | Edited 4:06pm
I think there are more than 60 rules in trading using Murrey Maths as a tool. I might use few of the rules and ignore the others in certain pairs.

Now ... this thread is talking about trading using Murrey Maths AND Price Action.

This is AUD/CAD 1h.

1) Tell me ... where will the prices goes ?

2) Might it or might it not go to the recent high and IF it might ... when ?

Jer21 ... You don't run away ... answer me.
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  • #2,362
  • Edited 4:05pm Jan 23, 2012 3:44pm | Edited 4:05pm
Here is your beloved Cable 1h. The nearest short to PA ... has a BE+1.

edit : The 2nd chart belongs to E/U 1h. Earlier I have 2 scalpers inside that yellow box - Closed them with some +pips.
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  • #2,363
  • Edited 5:50pm Jan 23, 2012 4:53pm | Edited 5:50pm
Quoting Oshawa
... I don't trade loonie, but from other perspective, the thing looks up. I have a demo long from just below 101
I think your demo long is dead by now. How unfortunate I am ... couldn't take your money . What pair/s do you trade using real acct ... btw ?

edit : shorted u/cad (5m scalp) from just abv 150 ... waiting to load several scalpers to either directions. I'll show you the other portion later ... with murrey math and price action ... of course
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  • #2,364
  • Jan 23, 2012 6:19pm Jan 23, 2012 6:19pm
@ Oshawa

u/cad 5m scalp . Closed 5 , maintain 2.
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  • #2,365
  • Jan 23, 2012 6:36pm Jan 23, 2012 6:36pm
Quoting VennD
I think your demo long is dead by now. How unfortunate I am ... couldn't take your money . What pair/s do you trade using real acct ... btw ?

edit : shorted u/cad (5m scalp) from just abv 150 ... waiting to load several scalpers to either directions. I'll show you the other portion later ... with murrey math and price action ... of course
My demo long was closed near the high and reversed short, by a robot that I was testing. I prefer less subjective judgement and executions.

Would you please share how you pick your entries?
  • #2,366
  • Jan 23, 2012 6:39pm Jan 23, 2012 6:39pm
shorted A/U w/BE+1 . Maintain positions.
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  • #2,367
  • Edited 6:51pm Jan 23, 2012 6:50pm | Edited 6:51pm
Quoting Oshawa
My demo long was closed near the high and reversed short, by a robot that I was testing. I prefer less subjective judgement and executions.

Would you please share how you pick your entries?
It took years of study ... since I was 3 y/o . You will have to wait for the book ... after the forex dealers read it

Hey , I suggest you learn the basic of MMaths and PA. All those shots are combination from understanding of other methods. I haven't come across MMaths does have entry precision.
  • #2,368
  • Jan 23, 2012 7:26pm Jan 23, 2012 7:26pm
Quoting VennD
It took years of study ... since I was 3 y/o . You will have to wait for the book ... after the forex dealers read it

Hey , I suggest you learn the basic of MMaths and PA. All those shots are combination from understanding of other methods. I haven't come across MMaths does have entry precision.
Interesting. I did study MMaths before, but it still comes across a tad subjective to me, plus the range reset is just not on though can be dealt with. What I like is for a system to be as mechanical as possible. It's nice to have MM aside as a glance to take the pulse of the movement. But I won't use it for entry.

My trading also took me years of study, from the day I got to learn maths. My trading is Quant/algorithm based, but I am always open to learning others' more subjective methods
  • #2,369
  • Edited 12:16pm Jan 24, 2012 10:06am | Edited 12:16pm
shorted gold w/ sl few pips abv the recent high bar. Maintain positions .
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  • #2,370
  • Edited 11:40am Jan 24, 2012 10:46am | Edited 11:40am
Quoting VennD
gbp/cad 1h ... Scalpers might be waiting at the white " X " location , Up or down doesn't matter...
Went in with two scalpers , short and long , both with BE+1. Maintain the rest of the positions until market over-ride any of them.

charts : before and after. ( The 1st chart was posted earlier # 2347 ).

Note : Ignore the pic. It is not Harmonic. Check the measurement to be sure. Sometimes it is boring trading currency so I drew whatever I like just for the amusement.

Earlier I marked with " X " , the probabilities of prices might visit. The arrows pointing up and down are probabilities of prices might reverse.

No systems/methods are perfect , therefore ... by combining those methods you can be sure to win this game ... of the baboons.
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  • #2,371
  • Jan 24, 2012 11:54am Jan 24, 2012 11:54am
I think that G/U is going to prices between 1.5686-1.5747 of MMaths [+1/8]P -[+2/8]P ,4h tf, where slaughtering usually happens. I'll be there ... waiting ...
  • #2,372
  • Jan 24, 2012 12:55pm Jan 24, 2012 12:55pm
Sign off for awhile ... bbl for that G/U.
  • #2,373
  • Jan 24, 2012 1:33pm Jan 24, 2012 1:33pm
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 ...
Here's my loonie chart...you are quite the Braveheart of trading (slaughter them)...as far as I can see from your entries...If you are picking off those lows and highs first try...you have my attention. Great looking charts man, let me know when you get the book finished. I like the triangle geometry. I teach geometry myself but it looks like I could take a few lessons...lol. Nice trades man.
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  • #2,374
  • Jan 24, 2012 2:07pm Jan 24, 2012 2:07pm
Quoting VennD
I think that G/U is going to prices between 1.5686-1.5747 of MMaths [+1/8]P -[+2/8]P ,4h tf, where slaughtering usually happens. I'll be there ... waiting ...
I have a volume price line in there....I'm spinning the roulette table and putting my money on 1.57147 Short (blue)
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  • #2,375
  • Edited 7:35pm Jan 24, 2012 5:48pm | Edited 7:35pm
Quoting VennD
I think that G/U is going to prices between 1.5686-1.5747 of MMaths [+1/8]P -[+2/8]P ,4h tf, where slaughtering usually happens. I'll be there ... waiting ...
Quoting bayfisherman
I have a volume price line in there....I'm spinning the roulette table and putting my money on 1.57147 Short (blue)
Might not be that easy to go up there. Anyway ... long scalper went in @ 1.5565 w/BE+1.

Hey ! that pitchfork isn't suppose to be used in trading ... but ... to shove " something" , I'd guess

Prices usually stays between [3/8]P - [5/8]P (i.e 1.5503-1.5747) for days/weeks on the Daily Chart, back and forth like that until huge volume to alter it. As of now , prices has been rejected to go down by [1/8]P (1.5259) and [2/8]P (1.5381) (I take that as major supports for the time being).

As usual ... just sweeps everything up and down until none is left !

Breakout to the upside is already there. Expectation 200-400 pips from 1.5488 . Good luck !
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  • #2,376
  • Edited Jan 25, 2012 3:53am Jan 24, 2012 5:55pm | Edited Jan 25, 2012 3:53am
Quoting bayfisherman
... I like the triangle geometry. I teach geometry myself but it looks like I could take a few lessons...lol. Nice trades man.
It is not a triangle geometry. It is a plane and a canoe...

If prices stalls at [1/8]P - yellow line , what does that mean ? ... I don't know .

edit : long scalp U/Cad @ 1.0053 and maintain the rest of the positions until market over-ride any of them. That is just me ... btw.
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  • #2,377
  • Edited 4:52am Jan 25, 2012 4:04am | Edited 4:52am
Quoting VennD
Might not be that easy to go up there. Anyway ... long scalper went in @ 1.5565 w/BE+1.
Touched [8/8]P , 1.5625 , 4h tf , Closed that long scalper. However , maintain long from 1.5235 .

That line usually provides the greatest amount of R&S.

Reversed entry ... short scalp @ 1.5621 w/BE+1 . For short scalp from 8/8th line , target would be the 7/8th or 6/8th lines in the 4h tf. Preferably the 6/8th line.
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  • #2,378
  • Edited 4:40am Jan 25, 2012 4:20am | Edited 4:40am
Quoting VennD
Touched [8/8]P , 1.5625 , 4h tf , Closed that long scalper.

That line usually provides the greatest amount of R&S.

Reversed entry ... short scalp @ 1.5621 w/BE+1 . For short scalp from 8/8th line , target would be the 7/8th or 6/8th in the 4h tf. Preferably the 6/8th line.
Let me shove this shot at you...
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  • #2,379
  • Jan 25, 2012 4:23am Jan 25, 2012 4:23am
Quoting bayfisherman
Let me shove this shot at you...
  • #2,380
  • Jan 25, 2012 4:39am Jan 25, 2012 4:39am
Quoting VennD
It is not a triangle geometry. It is a plane and a canoe...

If prices stalls at [1/8]P - yellow line , what does that mean ? ... I don't know .

edit : long scalp U/Cad @ 1.0053 and maintain the rest of the positions until market over-ride any of them. That is just me ... btw.
plane and canoe? very nice....No fork for you.
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