Trading using Murray Maths and Price Action

Silver 4h -Confluences ...

1) Parallel tick dotted descending TLs (yellow colour)... = 49.77 - Apr 25 2011 met 44.21 - Aug 23 2011.

2) Rejected by fibo extension 278.6% at 37.41 , (26.16 - 30.20).

3) What does MMath 8/8th and 4/8th lines means ?

4) Pls look for yourselves for the rest of the confluences on why I took those short and long scalpers, technically. Both w/be+5 .

5) In the big picture I think silver and gold might be going up. Will add longs on both metals if I could see sustainable supports.

aud/usd 4h - Might go up ... might go down , ... or just a consolidation above 1.0600, ... both short and long w/be+1.

usd/cad 1h - Sorry ... this one has many details. Projected to touch 0.9822 - 0.9422 long term.

Canada's Current Account Balance and Raw Material Price Index might increase in two hours time , from now.

Shorts from 1.0522 has been closed.

Fresh entries - short 1.0033 and long scalp @ 0.9850, both w/be+1.

USD Index 4h - Mid-term Projection.

nzd/usd 1h.

gbp/usd 1h

atm ... Im searching for eur/usd confluences to long scalp. Short still maintain @ 1.3486 .

stopped out on ca/ch, target hit on au/us, +.5%

pending long nz/us if 83908 is hit

Hello Kas1 , I am ...

cad/chf - holding long @ 0.8976 ... and still lurking for a short scalp.

aud/usd - Still holding scalpers, both w/be+1 (long @ 1.0681 + short @ 1.0842).

nzd/usd - Scalpers, both w/be+1 (long @ 8335 + short @ 0.8466).

usd/cad - long scalp blown at be+1 . Maintain short @ 1.0033 .

Long eurusd @ 1.3196

On the day chart center of Myrrey levels is 1.3184, but I'm not sure in this long because on the week chart we have rails to down. And I think the price will go down to the next support 1.3062. Or you think for some correction?

I rather look for about 100 pips up(Pivot of 4h on my chart). But have a look on USDX daily chart, look where price is stalling - confluence of down trend line and a strong resistance area. That might push eurusd further up more then 100 pips. Will see next week.

Hello friends,

gone through this thread and others and could not find some answers and I hope the advanced MM traders can help.

As most of the newbies to MM i have downloaded tons of indicators. I have the once from XARD777 and from others.

So my first question what are the sittings that you are using? I have indicators preset on 64 or 217 or 240 etc. I am not looking for magical number as xcalibur claims that the MM is used by the big boys I would like to be inline with them, I know as retailer i have no chance but......

Second question is how do you cope or deal with the reset of the octaves?
It is logical that there will be resetting according to the price action, but then comes the problem, when or how i can recognize from PA point that I should stop looking for reversal entries of we are overbought or oversold. Since i have MM on my charts I witnessed such resets. For example during the current 3 wave on the SP500 that started around December the MM has reset twice. From being oversold to being between 3/8 and 5/8. And having in mind that, then how MM can predict market stops or bottoms? Or this is one of the flaws of using indicators in this system?
Again, I am not rejecting the system just trying to learn and be aware of it's weaknesses.

and lastly. Do you use the angles, time lines and the spheres?
I have tried to find and read as much info about how to use them but about these three techniques I couldn't.

thank you and have a great weekend

attached : usdix (4h & 1h) and eur/usd (1h & 4h). Sloppy charts ... but that's me with many details. Sorry.

Probable prime movers (datas) from EZ and US on Monday, overall consensus are on euro dollars. Consolidation in eur/usd , I guess.

I would choose best support on eur/usd is at the [-1/8]P instead of [0/8]P in 4h tf but we can try to long scalp from [0/8]P line if we can absorb the risk should it push down.

1) Many buyer and seller in the [-1/8]P line. Can get out with profit (if just scalping) even if we are wrong in the future direction.

2) Bottom of ascending channel is nearby [-1/8]P line.

3) etc ... etc ... etc ...

@ hektorian,

I couldn't answer your qstns because I do not use such indi. Im using the traditional MMath indi. So I don't understand about your indi. Sorry.

Others who knew well about that are welcome to answer your qstns.

regards.

@ Kas1 , I got that short scalp now , just to temp secure the pips.

Might go up some more as long as crude is above 100$. (I guess).

usd/jpy 1h.

Desperate short before market close. Will kill that on Monday. Some more up there I think ... 82.00 - 84.00 .

usd/cad 1h.

Re-enter long scalp @ 0.9844. The rest maintain.