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Trading using Murray Maths and Price Action

  • #2,501
  • Feb 5, 2012 4:15am Feb 5, 2012 4:15am
Quoting VennD
aud/chf - I became shorting freenzy when I saw those confluences ...
- Good morning Sir. VennD, I knew I supposed to learn from the charts only, but what do u mean by confluences?
  • #2,502
  • Feb 5, 2012 9:48am Feb 5, 2012 9:48am
Quoting Ziko9o8
- Good morning Sir. VennD, I knew I supposed to learn from the charts only, but what do u mean by confluences?
is pretty obvious...top of his channel 261 fib MM lines, confluence is different areas or measuring tools coming together in the same place at the same time...IMO.
  • #2,503
  • Feb 5, 2012 2:28pm Feb 5, 2012 2:28pm
Quoting Ziko9o8
- Good morning Sir. VennD, I knew I supposed to learn from the charts only, but what do u mean by confluences?
Quoting bayfisherman
is pretty obvious...top of his channel , 261 fib and MM lines, confluence is different areas or measuring tools coming together in the same place at the same time...IMO.
Sorry, I was away.

There are many confluences in there. Three of them has been mentioned by bayfisherman. Others might notice the rest of the confluences.

Anyhow ... Im on short scalp, against the trend, don't follow me. U might not know where and how to get out.

As of Friday closed, AUD, NZD, GBP and CAD are consider strong to the upsides. Regards !
  • #2,504
  • Feb 5, 2012 4:47pm Feb 5, 2012 4:47pm
Quoting Zyggy
An usefull tool for me. I can see "at a glance" the position of my favorite pairs. I use it for 1H, 4H, D time frames. I am beginer at MML thus I trade -1,0,4,8,+1 lines only.
thanks for the source code...I'm having trouble with the compile for some reason...it's printing but not registering values...any chance you can attach the ex4 file form me. thanks.
  • #2,505
  • Edited 8:09pm Feb 5, 2012 7:30pm | Edited 8:09pm
@ Ziko908 , ref aud/chf 1h.

Hey , Im ok now on aud/chf (Refer charts before and after). Closed all scalpers and leave those two for long term targets either UP or DOWN.

Short w/BE+1 because it is too near to PA. Should 7/8th line hold it might retest +1/8th line and so forth. Had prepared some bananas up there above the short for it to grab IF she want it.

IF you can get two or more confluences (different measurement) like that, don't waste your time, shoot it ! and u'll be on your way to the bank everyday

Few minutes ago 4 Aust Data being released. Overall AUD down !. So, all these has been reflected in your chart earlier than the data , technically.

Take note , it might down temporarily because ... look into the 2nd chart. Same case... fibo, TLs/Channels and MMath lines could be the SUPPORTS.

How's your trade , btw ?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: audchf_1h_033.gif Size: 34 KB
  • #2,506
  • Edited 10:19pm Feb 5, 2012 8:25pm | Edited 10:19pm
Hey ! It's winter season in most of the countries. Why don't you long Canadian Dollars against the others. They might need to pay some oil to Canada .

Australia is about to have its winter season end February, if Im not mistaken.

shorted aud/cad , eur/cad , etc - down you go, one month !

IF you are late to short, You might need a rebounce and rejected by a resistance, to enter short.

attached : aud/cad 15m . Two short scalpers went in. Both w/BE+1 .
Attached Image (click to enlarge)
Click to Enlarge Name: audcad_15m_011.gif Size: 33 KB
  • #2,507
  • Feb 5, 2012 9:08pm Feb 5, 2012 9:08pm
You asked me if I thought JPY was going up...got a nice shot finally out of the hole...was going to try some of your hedging strategies to manage this one some...I've got a trendline at current levels and on smaller time have the +1/+2 hedge on I guess if it plows through I'll have to be happy with the current profit...How many pips are you allowing the trade to move in the direction of the hedge before you get to break even...just looking for some ideas here to work this long.
Attached Image(s) (click to enlarge)
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  • #2,508
  • Edited 9:42pm Feb 5, 2012 9:19pm | Edited 9:42pm
Quoting bayfisherman
You asked me if I thought JPY was going up...got a nice shot finally out of the hole...was going to try some of your hedging strategies to manage this one some...I've got a trendline at current levels and on smaller time have the +1/+2 hedge on I guess if it plows through I'll have to be happy with the current profit...How many pips are you allowing the trade to move in the direction of the hedge before you get to break even...just looking for some ideas here to work this long.
Don't be greedy , my friend. It is better to close all except ... the utmost top (short) and the utmost bottom (long). After that , among the two entries (long and short),... place a BE or BE+1 to the entry which is too near to PA.

Never give back what you have earn , and ZERO tolerance for mistake, ok !

IF the BE or BE+1 is taken out, ... re-enter later at the next best possible price , in-order to secure the pips gained.

You can however, add-in more scalpers later at any opp you see.

edit : Ops, Sorry ! It's yr acct , anyway, just do whatever u like. Blow it would be much better for me thou , I can take yr money
  • #2,509
  • Feb 5, 2012 9:57pm Feb 5, 2012 9:57pm
nzd/cad - shorted w/BE+1 .
Attached Image (click to enlarge)
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  • #2,510
  • Edited 10:52pm Feb 5, 2012 10:48pm | Edited 10:52pm
eur/cad - Shorted it earlier due to technical confluences and fundies (Problematic EZ matters).

Had to long it to secure the pips gained , when some of those countries selling bonds like hot cake.

Should go more lower due to winter season and EZ embargo towards Iran.

Both has a BE+1 incase it fly or dive.
Attached Image (click to enlarge)
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  • #2,511
  • Feb 5, 2012 11:26pm Feb 5, 2012 11:26pm
lower tf
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  • #2,512
  • Edited 2:40am Feb 6, 2012 2:18am | Edited 2:40am
Quoting VennD
@ Ziko908 , ref aud/chf 1h.

Hey , Im ok now on aud/chf (Refer charts before and after). Closed all scalpers and leave those two for long term targets either UP or DOWN.

Short w/BE+1 because it is too near to PA. Should 7/8th line hold it might retest +1/8th line and so forth. Had prepared some bananas up there above the short for it to grab IF she want it.

IF you can get two or more confluences (different measurement) like that, don't waste your time, shoot it ! and u'll be on your way to the bank everyday

Few minutes ago 4 Aust Data being...
- I have looked again to me Aud/Chf on H1 and there was a great oppertunity for you to enter long again.
Attached Image (click to enlarge)
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  • #2,513
  • Edited 2:39am Feb 6, 2012 2:35am | Edited 2:39am
Quoting Ziko9o8
- I have looked again to me Aud/Chf on H1 and three was a great oppertunity for you to enter long again.
market has not over-ride my short w/BE+1, so I'll just leave them for awhile.

I hv one long maintain @ 0.9674 currently.

thanks for the info, anyway.
  • #2,514
  • Edited 7:41pm Feb 6, 2012 3:12am | Edited 7:41pm
Quoting bayfisherman
You asked me if I thought JPY was going up...got a nice shot finally out of the hole...was going to try some of your hedging strategies to manage this one some...I've got a trendline at current levels and on smaller time have the +1/+2 hedge on I guess if it plows through I'll have to be happy with the current profit...
U/J - You miss one TL (aqua colour) which is among the strongest. Im afraid you have to ask BOJ or Kampo to help you run over the said TL ,

but it might cost you billions of dollars. Do you have it ?

Anyway ... Good luck to your longs.
Attached Image (click to enlarge)
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  • #2,515
  • Feb 6, 2012 7:14am Feb 6, 2012 7:14am
Quoting VennD
U/J - You miss one TL (aqua colour) which is among the strongest. Im afraid you have to ask BOJ or Kampo to help you run over the said TL.

Might cost you billions of dollars. Do you have it ?

Good luck to your longs.
Same ole boreing chart there Venn, in a the top in at the bottom...lol

Nice trades ginsu master.
  • #2,516
  • Feb 6, 2012 8:44am Feb 6, 2012 8:44am
Quoting bayfisherman
Same ole boreing chart there Venn, in a the top in at the bottom...lol

Nice trades ginsu master.
U/J - That's why I took a nap just now. It won't move upward from there unless BOJ steps in.

BTW ... It is Ginsu Shark !
  • #2,517
  • Feb 6, 2012 6:52pm Feb 6, 2012 6:52pm
aud/usd - Only short scalp w/BE+1 , ... while waiting for RBA's bomb .
Attached Image (click to enlarge)
Click to Enlarge Name: audusd_4h_011.gif Size: 29 KB
  • #2,518
  • Edited 11:15pm Feb 7, 2012 10:15pm | Edited 11:15pm
eur/aud confluences ...

1) White fib 161.8%
2) Bottom of Channel / Touched desecending TL.
3) Rejected by MMath 2/8th line (red).

long scalp w/BE+1.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud_1h_011.gif Size: 37 KB
  • #2,519
  • Feb 7, 2012 10:18pm Feb 7, 2012 10:18pm
Quoting VennD
eur/aud confluences ...

1) White fib 161.8%
2) Bottom of Channel / Touched desecending TL.
3) Rejected by MMath 2/8th line.

long scalp w/BE+1.
good one as aud at all time highs euro is moving higher above that

will post some charts of mine later
finding A M S
  • #2,520
  • Edited 10:24pm Feb 7, 2012 10:22pm | Edited 10:24pm
Quoting prashant7
good one as aud at all time highs euro is moving higher above that

will post some charts of mine later
ok , ... don't worry too much about Greece. Talks in progress ...
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