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Trading using Murray Maths and Price Action

  • #2,601
  • Edited 5:22am Feb 12, 2012 4:49am | Edited 5:22am
Quoting bayfisherman
To me this is pretty interesting from a pitchfork point of view with the pattern over the top of it...don't know what all the lines drawn here are for but I recogonize most of them. The pitchfork is drawn by the zup...they've drawn in the m. schiff line on the center but not on the UML, so I added that in. The indicator has also drawn in the fork time projections...the 100% time projection at the end of the pattern comes in at the 5/8 MM line (I use 60m tf for intraday stuff) and takes off to the upside to run into my projected M. Schiff UML...
- Good Morning bayfisherman, I'm impressed by GBP/USD M15 chart, which Zup you are using in and which settings do you use to make it draw the triangles for you, because I have Zup 107 from harmonic and classic pattern thread but it doesn't draw the green triangles for me, so I uses Zup 92 it gives my the alerts and the language is English not Russian. So please I need this indicator before the market opens.

- I have answered all your questions regarding NZD/USD H1 and here are the answers respectively to your questions:

1) No, the indicator detect it once it satisfies a combination of Fibonacci levels and you notice from your Kiwi H1 chart, that you had a great opportunity to enter long at 0.8248 while the price is still in PRZ (note: after monitoring this indicator for only one pattern, you will know how it works Don't worry about the mechanism)

2) No, the lower vertex of triangle was at the top of rectangle, but the bears keep pushing it down until it reach 0.8248, then buyers had their opportunity and if the bears keep pushing it down until it breaks the rectangle, then the pattern will fail and will be deleted and your stops will be eaten (remark: on smaller time frames M1, M5, M15 I wait till me risk becomes less than 10 pips then I enter, So if I lose, I lose only 10 pips and gains is unlimited)

3) My filter is the volume look at my attachment you will find that the bears interest (white volume bar) is no longer exist (green volume bar) that's the place where you want to jump in (white bar followed by green bar "the trend is changing").

4) If I have a bullish pattern on M15 chart, So I look to a higher time frame (H1) to confirm it and I find a bearish pattern. So I don't take that trade (they are against each other), but if there is a bullish pattern on H1, then the pattern on M15 chart is called a combo pattern (both M15 and H1 in the same direction).

5) You will find at harmonics all the things you need, that why VennD kept then then then then .... till that day, there are so many harmonic traders lived in this wild wide west for 20 years in profit, using harmonics, I hope you understand what I wrote to you, it takes about an hour to write in my note first then write it here for you.

- GL.
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  • #2,602
  • Feb 12, 2012 9:50am Feb 12, 2012 9:50am
seem to be a consistant producer of signals as I toggle around...I already follow those two time frames so that idea about the combo signals I like, as far as the volume filter...that's basic VSA that high volume bar is buying into the down bar as seen by the price action moving sideways, so I like that approach. I've been looking at the rectangle price zone and I'm wondering if there is a time element incorpoarted into that speaking of the width once the pattern is confirmed because it looks like as price moves out of that rectangle it usually moves in the direction of the expected projection for the pattern, seems like it might be a more conservative entry but will have to look at some more examples. I use momentum some a will have to look at my stoch as a possible filter...no need to enter long while momentum is still pointing down especially on those faster time frames.

I've loaded a few different versions onto my demo platform for the harmonics and the zup is that russian version off the latest post in the thread, but I've also added the latest version of the kor4xharmonics as well so they are running at the same time. Was interested to see if these different indicators where printing the same thing or not. I found that they did print different ones, so I took a look at a combination of the two.

Here's that GU possible trade on the 15 and 1hr...there's enough there for me to take this setup...I use candle stick pattterns as well for triggers...engulfing bars,etc. reversal bars...no need to get long if it keeps printing down bars.
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  • #2,603
  • Feb 12, 2012 10:18am Feb 12, 2012 10:18am
Quoting bayfisherman
seem to be a consistant producer of signals as I toggle around...I already follow those two time frames so that idea about the combo signals I like, as far as the volume filter...that's basic VSA that high volume bar is buying into the down bar as seen by the price action moving sideways, so I like that approach. I've been looking at the rectangle price zone and I'm wondering if there is a time element incorpoarted into that speaking of the width once the pattern is confirmed because it looks like as price moves out of that rectangle it usually...
- Excellent idea (Korharmonics + Zup 107) from a brilliant mind.

- Thanks bayfisherman for sharing.
  • #2,604
  • Feb 12, 2012 10:20am Feb 12, 2012 10:20am
Quoting Ziko9o8
- Good Morning bayfisherman, I'm impressed by GBP/USD M15 chart, which Zup you are using in and which settings do you use to make it draw the triangles for you, because I have Zup 107 from harmonic and classic pattern thread but it doesn't draw the green triangles for me, so I uses Zup 92 it gives my the alerts and the language is English not Russian. So please I need this indicator before the market opens.
Hi, Ziko9o8

I believe the 'green triangle' you mentioned was drawn by the Korharmonic indicator, not by Zup.

I had not looked into any Zup and Korharmonic updates for a long while and was still using Zup86. So, thanks for your charts that picked my interest to look into it

Good luck.
  • #2,605
  • Feb 12, 2012 10:53am Feb 12, 2012 10:53am
Quoting Oshawa
Hi, Ziko9o8

I believe the 'green triangle' you mentioned was drawn by the Korharmonic indicator, not by Zup.

I had not looked into any Zup and Korharmonic updates for a long while and was still using Zup86. So, thanks for your charts that picked my interest to look into it

Good luck.
- If you have any notes on harmonic trading, please share and why you still using Zup 86 there is now Zup 107!!!!!

- Thanks in advance.
  • #2,606
  • Feb 12, 2012 11:09am Feb 12, 2012 11:09am
Now I've loaded that Zup107 and the fork it has on Cable daily is drawn from a conventional low for A (6/Oct low). However, on my chart, I moved A (of the blue up fork) to the left of a slightly higher low (22/Sept), assuming the lower low as a wash bar, then the fork has a better fit of frequencies and then the green fork works as QT of the blue fork too. If the green QT can hold I see cable push higher to meet the A/R line above around the energy area.

Ziko9o8, regarding harmonics, I don't trade on it alone, and only use it on the side as a 'warning' of some sort. The problem for me is that the PRZ can extend so the harmonic can turn from a gartley to bat and perhaps eventually to crab (161.8), and sometimes the fib ratio is not really that good but price can still turn too. So, I really only trust 127.2 and 161.8 a bit more. As for why I still used Zup86, I tried Zup 92 some time ago, and didn't find much difference. Now Zup107 can put on pitchforks too, which is good and I will definitely put it on on one of my demo platforms, though I still need to work out what those bold lines really mean.
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  • #2,607
  • Feb 12, 2012 11:48am Feb 12, 2012 11:48am
Quoting Oshawa
Now I've loaded that Zup107 and the fork it has on Cable daily is drawn from a conventional low for A (6/Oct low). However, on my chart, I moved A (of the blue up fork) to the left of a slightly higher low (22/Sept), assuming the lower low as a wash bar, then the fork has a better fit of frequencies and then the green fork works as QT of the blue fork too. If the green QT can hold I see cable push higher to meet the A/R line above around the energy area.

Ziko9o8, regarding harmonics, I don't trade on it alone, and only use it on the side as a 'warning'...
- Thanks, you confirm my doubts, but what are the basics you depend on?
  • #2,608
  • Feb 12, 2012 11:57am Feb 12, 2012 11:57am
My question is how early are these forks being drawn in...will be interesting to see how and when they update in real time. I've been playing around with time projections a few different ways, but this takes the cake for me...this is a brilliant program from a little forker's perspective...lol! I got this for free and took me less then 10min to upload and start looking at...hard to believe.

I'm thinking of setting my charts up two by two 15m, 1hr, then a separate profile the same way 4hr, Daily

No pip left behind....it just boils down to execution now, no more excuses.

One thing I am noticing about some timeframes is that sometimes the forks are a little narrow on the 15 or 1hr and may actually lay down some better lines on the 30 or 5...with all the lines this program is projecting if your B and C points of the fork are too close it's just a mess. Not going to mess around with trying to customize it, I figure if i can just trade what's there that should be more than enough.

This combination of technical analysis is undoubtly the best I've ever seen since I've started trading as far as what makes sense to me. I mean you have a statistically superior pattern recognition system (80 - 90% on harmonics, really?), diagonal frequency that is self generated, plus horizontal range zones that bracket the market extremes from high to low(MM lines)..wtf.
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  • #2,609
  • Feb 12, 2012 12:32pm Feb 12, 2012 12:32pm
Just trying to mark up some potential ideas before the market opens, setups etc. to look for...like what I see on on this current swissy example.
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  • #2,610
  • Feb 12, 2012 1:00pm Feb 12, 2012 1:00pm
Quoting bayfisherman
Just trying to mark up some potential ideas before the market opens, setups etc. to look for...like what I see on on this current swissy example.
- Good analysis bayfisherman, I want you from tomorrow to bring a note and write down your notes about this new combination (hope that forks don't readjust itself ).
  • #2,611
  • Edited 2:28pm Feb 12, 2012 2:08pm | Edited 2:28pm
Interesting situtation where we are a bit out side the smaller time frame forks. But there is a lower time frame pattern presenting itself. Notice as well how when switching time frames the fork adujusts itself to the the significant pivots relative to it's time frame. the 1hr has a nice Modified Schiff that catches the 1,2,3 drives to that top on the UML. Do we take the trade based on the the evidence and the pattern on the 15m chart here? Haven't used these enough to know but there is 65 pips to the bottom of that rectangle in the "reversal zone". How often are you averaging in as price makes lower lows on a failed pattern?
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  • #2,612
  • Feb 12, 2012 5:19pm Feb 12, 2012 5:19pm
Looks like the market wanted to go up after all...too bad my NZD long isn't still in play...long GBP @ b/e +1.
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  • #2,613
  • Feb 12, 2012 6:51pm Feb 12, 2012 6:51pm
Quoting Ziko9o8
- Thanks, you confirm my doubts, but what are the basics you depend on?
Contrary to fashionable views, the basics of my trading lie in indicator-based signals and old-fashioned Dow-theory breakouts. All other forms of fancy or non-fancy analyses, from Gann to geometry or EW, are only to provide road maps. I am most unwilling to commit monetary suicide by relying on subjective analyses/opinions. All analyses are subjective. To me, in trading human judgment is to be taken out as much as possible.
  • #2,614
  • Feb 12, 2012 8:59pm Feb 12, 2012 8:59pm
in trading as it's called discretionary trading, judging momentum, probabilities/evidence evaluation is all technical analysis is, chart reading...you don't use any judgement making those conclusions from what you see? Now if you are just a blind follower of someone else's methods, yes I think that would be a poor human judgement because regardless everyone has to find their own way that makes sense to them. Simple/complex, one not better than the other in the end. I think everyone gets exactly what they want from trading failure and success, monetary suicide or not. I have a friend that pretty much refuses to spend money on women...so he's lived pretty much alone most of his life, but all his stuff is paid for and he'll probably retire early soon. All that sacrifice early in life to finally get to "live it up in the end". I don't know I've made bad decisions and been in a hurt some of the time but the fact "I did it my way" means more to me than what I have to show for it. I'll never understand people in these forums that get into these debates about how to trade or "live" for that matter, criticisms of others methods, etc. It's like having a discussion about whose religion is right...it's useless and futile.

Sure would like to see one of your charts, in hopes I might learn something new today. Everyone has something to offer just have to look for it, IMO.
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  • #2,615
  • Edited 10:28pm Feb 12, 2012 10:26pm | Edited 10:28pm
Quoting Ziko9o8
...
5) You will find at harmonics all the things you need, that's why VennD kept then then then then .... till that day, ...
It's NOT totally true that I solely base my trades on harmonics. I use other methods also , technically, and relating those NEWS and ECO DATA with the technicals. -Peace-
  • #2,616
  • Edited Feb 13, 2012 1:23am Feb 12, 2012 10:38pm | Edited Feb 13, 2012 1:23am
Quoting Ziko9o8
- My indicator didn't detect this pattern what is that pattern and please guide me on how to draw it?
Reference : E/U ,

If your indi couldn't detect it ... probably because ... that pattern belongs to only me.

Sometimes ... when it is boring while trading ... I drew whatever I like. You can also do the same. Be creative, man.

I don't let myself be confined to those rigid measurement such as ... in mathematic and geometry (kidding here,)

I don't mean to offend / belittle other methods. Infact ... I summarized other methods to get the confluences ... then ... I hit it.

Since you are interested in Harmonics ... here are the measurement for that E/U in 4h tf, ... 0.933 , 0.995 , 1.423 , 1.526 , 0.569 . The answer is ... 1.610 (Probability). That's for you to work it out where to place those lottery numbers

If you really don't have that measurement in your indi ... probably you should update its data base ... where ... how ... don't ask me ... I don't know.

I think ... I remember seeing such pattern somewhere ... just couldn't recall ...

As of now ... lets just call it ... "The Big Boobs"! ( #2581 ).

Some men have been destroyed ... World powers has been crippled ... Carreers also has been destroyed ...NOT forgeting also some men ... have been save ... by it.

So ... never let your trading career be destroyed by ... " The Big Boobs" !

edit : Greek austerity voted . E/U might go higher. Placed BE+1 on short.
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  • #2,617
  • Edited 11:28pm Feb 12, 2012 11:05pm | Edited 11:28pm
JPY - I saw the other day, in another thread, , someone is asking why jpy pairs is going up ?

This is business. Sometimes customers wanted to sell/buy at certain price, for example ... they wanted to buy ... JPY

What might be the market possibly do ? Probably ... raise ( long ) those gbp,chf,eur,usd,nzd,etc against jpy.

Drive the price higher, thereby executing customers orders (sell orders on U/J , etc ) at the highest possible level. Then ... buy jpy ! ... and prices might slip back soon thereafter ... but ... all those stories has been reflected earlier (signals) before the price move ... in your chart ... ONLY IF ... you really understand quite well ... what your indi/s is trying to tell you.

So ... from where do you want to sell ... U/J and the kinds , ... for example ? If you don't know ... Im afraid Mr.Market might fix your account sooner ... or later
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  • #2,618
  • Edited 12:33am Feb 13, 2012 12:20am | Edited 12:33am
Quoting Ziko9o8
... - @ bayfisherman, how is your trade on Kiwi M15.
Quoting bayfisherman
Got in too soon...was nappin when I got taken out so I wasn't able to reenter... usually run about 20 pip stops. May have saved me though in case we gap down sunday..lol...closed right on top of my support line. should be an interesting week coming up.
@ bayfisherman ,

kiwi - I thought so ... U didn't read that post # 2542 from that stupid bastard ?!

If you had , you wouldn't lost that 20 pips.

U going long now ? There's a signal to standby short on kiwi . Look for other confluences from where to shoot it down. Usually 1-30 pips from above that signal (0.8341). Get back your 20 pips

Don't be like women ... crying
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  • #2,619
  • Feb 13, 2012 2:20am Feb 13, 2012 2:20am
Quoting VennD
Reference : E/U ,

So ... never let your trading career be destroyed by ... " The Big Boobs" !
- Thanks VennD for encouraging and helping.
  • #2,620
  • Feb 13, 2012 2:51am Feb 13, 2012 2:51am
Quoting VennD
JPY - I saw the other day, in another thread, , someone is asking why jpy pairs is going up ?
- Thanks for the info, my interest was in shorting CHF/JPY on H1 in that trade my confirmation entry was 127.2 fib level, but fundamentally I have no idea, so I have to ask someone about this?

- The guy I found try to convince my to go with the trend , so I shorted from 127.2 and it was 100% perfect entry and took 70 pips and pcp.

- Thanks for fundamentals VennD.
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