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Trading using Murray Maths and Price Action

  • #2,401
  • Jan 26, 2012 7:20pm Jan 26, 2012 7:20pm
nice pinpoint reversal there on both of these...very nice...kinda jumped in, going to have to get better with limit orders...day job and all.

+60 EU @ lunch

took CHF long tonght + 10

still waiting for AUDchf to get some legs down...
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  • #2,402
  • Jan 26, 2012 7:46pm Jan 26, 2012 7:46pm
Quoting VennD
@ 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 !
Getting bored with my position took a very small profit...still think this one
has more to the down side...just needs a spark.
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  • #2,403
  • Edited Jan 27, 2012 12:58am Jan 26, 2012 7:51pm | Edited Jan 27, 2012 12:58am
Quoting bayfisherman
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?
Probably so ... provided crude doesn't rise anymore

yeah ! long target is the 2/8th line. IF that holds , long can continue targeting the upper lines . I think till the 4/8th line.
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  • #2,404
  • Edited Jan 27, 2012 3:36am Jan 26, 2012 8:08pm | Edited Jan 27, 2012 3:36am
Quoting bayfisherman
nice pinpoint reversal there on both of these...very nice...kinda jumped in, going to have to get better with limit orders...day job and all.

+60 EU @ lunch

took CHF long tonght + 10

still waiting for AUDchf to get some legs down...
Let me introduce to you ... this is one of my Forex Skunk Rider ... just like those ... Ninja Turtle
Attached Image (click to enlarge)
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  • #2,405
  • Jan 26, 2012 8:36pm Jan 26, 2012 8:36pm
where you explain the significance of those triangles...are they projections somehow before price got to the high or did you draw those in to use them somehow on the move down? Is that one of those gartley crab or whatever type patterns there with the triangles?
  • #2,406
  • Edited 8:48pm Jan 26, 2012 8:43pm | Edited 8:48pm
Quoting bayfisherman
where you explain the significance of those triangles...are they projections somehow before price got to the high or did you draw those in to use them somehow on the move down? Is that one of those gartley crab or whatever type patterns there with the triangles?
I don't understand your english

edit : Sign off , I wanna read NEWS .
  • #2,407
  • Jan 26, 2012 8:50pm Jan 26, 2012 8:50pm
Quoting VennD
I don't understand your english
which part was the intro to...the triangles are cute just wondering were they drawn in before price got to the high of the move or after...if after don't see how you are using them.
  • #2,408
  • Jan 26, 2012 11:23pm Jan 26, 2012 11:23pm
Quoting bayfisherman
where you explain the significance of those triangles...are they projections somehow before price got to the high or did you draw those in to use them somehow on the move down? Is that one of those gartley crab or whatever type patterns there with the triangles?
Quoting bayfisherman
which part was the intro to...the triangles are cute just wondering were they drawn in before price got to the high of the move or after...if after don't see how you are using them.
Are you referring to my usd/cad daily chart ? That's nothing to do with those patterns. The big diagonal was drawn after price touch the high (though I can roughly draw even before price touch it).

Do you see the blue and red triangles inside the big diagonal (canoe) ? They are probabilities - before price moves.

The blue triangle means IF it goes up - target , while the red triangle which is pointing downwards means IF it goes down.

Probably ... Im the only one who can see because Im the one who drew it.
Further more I hv 4 eyes while you hv only 2 .
  • #2,409
  • Edited Jan 27, 2012 12:19am Jan 26, 2012 11:27pm | Edited Jan 27, 2012 12:19am
Lets look for a location to short that nzd/usd. Look for yourselves ... btw , later we post it here.

Only short scalp I think, coz it is still in an uptrend channel.

edit : Not many ppl are selling NZD dollars atm , guess we have to wait to joint the big bears.
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  • #2,410
  • Edited 3:02am Jan 27, 2012 3:01am | Edited 3:02am
At this present moment , EUR, GBP, NZD and AUD are moving up against USD.

I'd guess nobody wanna buy USD atm , so forget about shorting nzd/usd = KIV.
  • #2,411
  • Edited 8:58pm Jan 27, 2012 11:39am | Edited 8:58pm
Those top areas are good for shorting but u'll hv to cfm this with yr other indis.

Short scalp ONLY , because this G/U has been projected to touch 1.5888 in the long term. (I have said it . Refer post # 2375, 2377 & 2386).

edit : The 2nd chart with arrows are probability of REVERSALS.

Im long from 1.5235 (long term) and on short scalp @ 1.5732 w/BE+1. Good luck !

edit : Anyway ... Im only a newbie with no experience , trade using MMath and Price Action improperly.
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  • #2,412
  • Edited 12:39pm Jan 27, 2012 12:33pm | Edited 12:39pm
Short Scalp @ 0.8242 w/BE+1 . Maintain long @ 0.7659 .
  • #2,413
  • Jan 27, 2012 12:42pm Jan 27, 2012 12:42pm
long scalp @ 1.9057 w/BE+1 . Maintain short @ 2.0320 .
  • #2,414
  • Edited 1:23pm Jan 27, 2012 1:01pm | Edited 1:23pm
Looking for location to park a short scalp, while maintaining long @ 1.2630 .

USD is being sold heavily at this very moment so watch your pants , don't get wet.

edit : US GDP and Real Personal Consumption Expenditures (QoQ) are NO GOOD !
  • #2,415
  • Edited 1:13pm Jan 27, 2012 1:11pm | Edited 1:13pm
Looking for a position to short scalp between 8/8th , +1/8th and +2/8 lines. (4h tf).

(Sign off to focus on trades)
  • #2,416
  • Jan 27, 2012 1:48pm Jan 27, 2012 1:48pm
Hi VennD,

You are following a new system as i see. Hope to you all success.

I could be interested by Murray Maths, but what i'm trying to find is to master timing as well as price. Could your system bring some solutions?

Thanks.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #2,417
  • Edited 2:30pm Jan 27, 2012 2:09pm | Edited 2:30pm
Quoting Alki
Hi VennD,

You are following a new system as i see. Hope to you all success.

I could be interested by Murray Maths, but what i'm trying to find is to master timing as well as price. Could your system bring some solutions?

Thanks.
Hello Alki , U still remember me eh ?

I think there is one part abt TIME in MMath . U might hv to goggle it else where to find it out , so sorry ... because my english is too very good , can't explain it properly, Im afraid
  • #2,418
  • Jan 27, 2012 2:23pm Jan 27, 2012 2:23pm
Quoting VennD
Hello Alki , U still remember me eh ?

I think there one part abt TIME in MMath . U might hv to goggle it else where to find it out , so sorry ... because my english is too very good , can't explain it properly, Im afraid
Sure i remember you. You are one of the guys here we never forget, objective analysis is your best advantage. How are you doing? Trading is good as well? Still trading the news, or switch to pure technical approach?

I'll try to google what you said. Hope i could find some lights.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #2,419
  • Jan 27, 2012 2:39pm Jan 27, 2012 2:39pm
Quoting Alki
Sure i remember you. You are one of the guys here we never forget, objective analysis is your best advantage. How are you doing? Trading is good as well? Still trading the news, or switch to pure technical approach?

I'll try to google what you said. Hope i could find some lights.
yeah , everything are fine here.

Relating those NEWS and DATA with TECHNICALS. That's what I do ...

and ... business as usual

Take care !
  • #2,420
  • Jan 29, 2012 7:43pm Jan 29, 2012 7:43pm
trying to work with limit orders this week and had mine set just inside the 8/8 but not enough I guess to cover the spread...now it would be 20 or so in the money...have to get over missing trades so many more waiting out there right...it will come back for the retest and I'll be ready. Here's a daily for fun...
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