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Trading using Murray Maths and Price Action

  • #2,381
  • Jan 25, 2012 6:45am Jan 25, 2012 6:45am
Quoting bayfisherman
plane and canoe? very nice....No fork for you.
I don't play with script, so I don't know. I'd guess Im paranoid to it
  • #2,382
  • Edited 7:38am Jan 25, 2012 7:14am | Edited 7:38am
Quoting bayfisherman
plane and canoe? very nice....No fork for you.
touched [+1/8]P line , 1.0147 , 1h tf , short scalp from there. However, maintain that long from 1.0053

Short scalp from [+1/8] line , target that 8/8th , 7/8th and 6/8th lines in 1h tf.

(Sign off for awhile , bbl ! )

edit : Closed some of them.
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  • #2,383
  • Edited 9:34am Jan 25, 2012 9:27am | Edited 9:34am
Quoting VennD
shorted gold w/ sl few pips abv the recent high bar. Maintain other positions.
... just scalping , short scalp locked @ 50% , 2/8th line in 1h tf.

Maintain the top and bottom positions on daily.
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  • #2,384
  • Edited 10:00am Jan 25, 2012 9:59am | Edited 10:00am
If I were to write everything, it might take pages, but Im not a good type writer.

Only can show you in charts , where are the probabilities that we can shoot , lock and close it.

Those two positions are locked at BE+1.
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  • #2,385
  • Edited 6:18pm Jan 25, 2012 6:15pm | Edited 6:18pm
I do not scalp in here , just maintaining previous positions.

Locked both positions with BE+1 because I saw ppl buying chf, aud and also cad since few hours ago.

Marked "X" are probabilities prices might visit, arrows up and down are probabilities prices might reverse.

If 8/8th line couldn't hold up , prices should fall to the 7/8th, 6/8th lines and so forth , but that 6/8th line are also strong as support. Sometimes prices just pierce it and reversed as per example in chart.

In this example , I combined MMath lines with fibo and TLs/Channels.
Attached Image (click to enlarge)
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  • #2,386
  • Edited 7:10pm Jan 25, 2012 7:03pm | Edited 7:10pm
Refer post # 2377 and 2375.

Closed my short scalp at the 7/8th line and went long scalp just above it.

Prices has gone above the upper TLs (orange colour, post # 2377).

Looking forward to close that long scalp some where in between the +1/8th and +2/8th lines (4h tf), then , see how the prices react in that zone.

Should it be rejected , might short scalp from there. Just scalp eh

I have said it, G/U might touch between 1.5686 , 1.5747 - 1.5884.

Good luck in your endeavour to become millionaire due to forex
  • #2,387
  • Edited 9:36pm Jan 25, 2012 9:22pm | Edited 9:36pm
What can I say ... both are commodity currency and both are needed but the moves looks like intermittent on daily basis. Just like ... today , more traders are buying aud against cad , and tomorrow might be the opposite way ... very easy to trade like that eh ? , but I got spread of 9 pips !

Maybe the upper ascending line , big channel (orange colour) can stop this pair from moving further up, temporarily. It is some where at the 6/8th line, 1.0681 (red) in the 4h tf chart, among the strongest lines , serve as major R&S.

(No scalping for me here, just maintaining previous positions until market over-ride any of them).
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  • #2,388
  • Edited 11:00pm Jan 25, 2012 10:22pm | Edited 11:00pm
This one might want you to test your brain and instinct ,... where are the price actions and where are the probability of reversals .

I have locked 3 positions to BE+1.
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  • #2,389
  • Edited 11:39pm Jan 25, 2012 11:27pm | Edited 11:39pm
Quoting VennD
I do not scalp in here , just maintaining previous positions. Locked both positions with BE+1 because I saw ppl buying chf, aud and also cad since few hours ago. Marked "X" are probabilities prices might visit, arrows up and down are probabilities prices might reverse. If 8/8th line couldn't hold up , prices should fall to the 7/8th, 6/8th lines and so forth , but that 6/8th line are also strong as support. Sometimes prices just pierce it and reversed as per example in chart. In this example , I combined MMath lines with fibo and TLs/Channels....
Refer post # 2385.

Pay more attention to the big channel and its middle line (esp MMath +2/8 line, 0.9827, 1h tf), if you wanna short it. See if it is rejected. Right now , PA has gone out from the smaller channel, moving to the upsides. Short Scalp - ok , because overall traders are still prefering AUD more than CHF at this present moment, though CHF currency is moving up also.
  • #2,390
  • Edited 12:17am Jan 26, 2012 12:10am | Edited 12:17am
I think that 0.9796 and 0.9827 (MMath +1/8th and +2/8th lines, 1h tf ) are vulnerable.

edit : aud still moving up against chf thou

pending offer @ 0.9827 atm.
  • #2,391
  • Jan 26, 2012 12:55am Jan 26, 2012 12:55am
too crazy to short aud/chf , eh ? SNB , China and Japan esp, would hate you so much !
  • #2,392
  • Jan 26, 2012 1:12am Jan 26, 2012 1:12am
It's better than a fork in your eye...
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  • #2,393
  • Edited 2:27am Jan 26, 2012 1:25am | Edited 2:27am
Quoting bayfisherman
It's better than a fork in your eye...
Whatever ... as long as you are happy
  • #2,394
  • Jan 26, 2012 2:26am Jan 26, 2012 2:26am
Looking for position to short scalp G/U atm . It's about time. Short scalp only thou.
  • #2,395
  • Jan 26, 2012 11:13am Jan 26, 2012 11:13am
Love the precision here...turned right off for about a 45 pip move down...
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  • #2,396
  • Edited 3:22pm Jan 26, 2012 12:11pm | Edited 3:22pm
Quoting bayfisherman
Love the precision here...turned right off for about a 45 pip move down...
e/u & g/u both w/BE+1 , all middle scalpers closed !
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  • #2,397
  • Edited 3:17pm Jan 26, 2012 12:37pm | Edited 3:17pm
@ bayfisherman

Here's yr aud/chf & aud/usd. Also closed all middle scalpers . Leave those positions near PA w/BE+1 for your market liquidity

Super time ... ttyl
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  • #2,398
  • Edited 6:33pm Jan 26, 2012 6:25pm | Edited 6:33pm
charts : before and after. (Refer post # 2387).

Closed all middle scalpers and leave that short w/BE+1.

Now ... catch me IF you can ...
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  • #2,399
  • Edited 7:15pm Jan 26, 2012 6:57pm | Edited 7:15pm
@ bayfisherman

charts : before and after ( Refer post # 2385 ).

IF that 8/8th line and the ascending TL holds ( 2nd chart ), ... may I suggest ... to lock your short ... or ... limit your risk ? , just like me ?

Do you know what does that 8/8th line means ? Google it else where !
Attached Image(s) (click to enlarge)
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  • #2,400
  • Jan 26, 2012 7:17pm Jan 26, 2012 7:17pm
I know you are a CAD guy at heart...what do you think about this movement around the 0/8...worthy of a long here considering some of the dollar strength we are seeing today?
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