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Trading using Murray Maths and Price Action

  • #2,821
  • Mar 9, 2012 6:41am Mar 9, 2012 6:41am
Quoting prashant7
Eu
prashant7 in action That is a man. Silence of the lamb ...
  • #2,822
  • Edited 7:14am Mar 9, 2012 6:48am | Edited 7:14am
Quoting bayfisherman
not really but should have been waking up now to get ready for work but instead I'm up at all hours of the morning looking at these dammmmm charts I can't trade today...lol. Have to leave for work now...you boys play nice with your charts today.
nice turn here gbpjpy
yeah , ... I hope one day ... you'll become much better than today ...

Focus ... Never Retreat ... Never Surrender ... and Never Quit !

edit : Will post my charts on UJ, EJ and AJ ... bbl...
  • #2,823
  • Edited 2:54pm Mar 9, 2012 2:36pm | Edited 2:54pm
aud/jpy 1h & 4h (before and after) - I have few more Feb's trades that I brought forward to March coz objective does not achieve. This is one of them - A/J. Still holding long.

Looks like consolidation within the orange channel (4h tf) and probably also re-test +1/8 MML @ 87.89.

Maintain one short scalp w/be+1, incase it reverse or pop up. Long from 78.15 .
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  • #2,824
  • Mar 9, 2012 3:02pm Mar 9, 2012 3:02pm
Im testing short scalp w/be+1 @ 82.52 in U/J now. How strong is that confluences... will post chart if it is not blown. Maintain long @ 80.66
  • #2,825
  • Edited 3:53pm Mar 9, 2012 3:36pm | Edited 3:53pm
looks good for an exhaustion...3 pushes into a top. I posted some before and after charts in my thread if you want to take a peak...
dx, eu, gu

http://www.forexfactory.com/showthre...327343&page=42
Attached Image(s) (click to enlarge)
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  • #2,826
  • Edited 5:33pm Mar 9, 2012 5:10pm | Edited 5:33pm
Quoting VennD
Im testing short scalp w/be+1 @ 82.52 in U/J now. How strong is that confluences... will post chart if it is not blown. Maintain long @ 80.66
usd/jpy 4h & 1h (before and after).

Signal Candle appeared @ 82.46 (30m tf) requesting to ONLY me to short scalp. PA didn't touch that be+1 at market close, ... who knows by Monday Open it pop up
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  • #2,827
  • Mar 9, 2012 5:41pm Mar 9, 2012 5:41pm
eur/jpy 4h (before and after).

Probabilities. Nothing special in it. I think all these because of their (nearly) last batch of export (product). Probably end/Apr or after Apr, ... yen might reverse.
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  • #2,828
  • Edited 5:51pm Mar 9, 2012 5:48pm | Edited 5:51pm
Quoting bayfisherman
looks good for an exhaustion...3 pushes into a top. I posted some before and after charts in my thread if you want to take a peak... dx, eu, gu
What peak ? Toothpick ?

yeah... love to check that, later. Already subscribe to your thread since two weeks ago. Right now Im going to continue my sleep. Haven't finish sleeping thou ...

Enjoy your weekend
  • #2,829
  • Mar 9, 2012 5:51pm Mar 9, 2012 5:51pm
[quote=VennD;5461921][quote=bayfisherman;5461771]looks good for an exhaustion...3 pushes into a top. I posted some before and after charts in my thread if you want to take a peak...
dx, eu, gu
Quote

What peak ? Toothpick ?

yeah... love to check that, later. Already subscribe to your thread since two weeks ago. Right now Im going to continue my sleep. Haven't finish sleeping thou ...

Enjoy your weekend ---->
Guys while on the yen topic seems as though SM has decided to start buying USD but selling YEN pairs as part of a risk on strategy.... look at S&P and compare that to a weighted avg of all USD/JPY pairs, pretty similar. Was reverse for a long time, usually indicates a big change. Anyways my next target is 1407 on S&P by next week and there is a divergence between USD/JPY pairs and S&P right now so not sure where its going to go but as long S&P goes up.. theoretically YEN should fall... lets see
  • #2,830
  • Edited 3:19pm Mar 11, 2012 3:15pm | Edited 3:19pm
@ sidhujag ,

Your S&P is waiting to be eaten ... by Mr.Shark !

Will show you some more technical charts on S&P later ...

Im long w/be+1 , ... but ... many baboons are waiting around MML +1/8 to +2/8 to shoot it down. I might as well follow them ... to become one of those baboons later ...
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  • #2,831
  • Mar 11, 2012 3:16pm Mar 11, 2012 3:16pm
Quoting VennD
@ sidhujag ,

Your S&P is waiting to be eaten ... by Mr.Shark !

Will show you some more technical charts on S&P later ...

Im long w/be+1 , ... but ... many baboons are waiting around MML +1/8 to +2/8 to shoot it down. I might as well follow them later ...
I think it will blow past to 1407 (last high - last low + last high)
  • #2,832
  • Mar 11, 2012 3:33pm Mar 11, 2012 3:33pm
Quoting sidhujag
I think it will blow past to 1407 (last high - last low + last high)
Sorry , I don't have charts higher than monthly which is high @ 1376.63 ,

Can you post those chart for me to see that it might touch 1407 ?
  • #2,833
  • Mar 11, 2012 3:45pm Mar 11, 2012 3:45pm
@ sidhujag ,

never mind ... oh ... i c tht u use tht calculation. Is that reliable in the case of S&P ?
  • #2,834
  • Mar 11, 2012 3:48pm Mar 11, 2012 3:48pm
Quoting VennD
@ sidhujag ,

never mind ... oh ... i c tht u use tht calculation. Is that reliable in the case of S&P ?
Its reliable for any pair on any tf to know if bull or bear is intact... its time sensitive so if it don't happen within next week bear may be in control.

If anything is going up its USD and S&P... S&P because foreign CB's are even buying US equities as backing or collateral to their debt. Its almost like gold USD up because it is the only safe haven out there right now... along with USD CAD may do good too because we are neighbors and follow their co tails.

Technically in order for us to complete the wave and break out of the range we would have to touch 1407 otherwise we are still in range or headed down (supported by greece, no QE and China hard landing concerns).

There is also some divergence on S&P (which is a risk indicator for the market) and the actual market (JPY + USD pairs)...which fell more than they should have compared to S&P which rose... instead of S&P falling at NFP it bought the dip which will either LIFT the market or the market will take S&P down to hell in new interim bearish trend. Something has to give, either JPY pairs rise sharply while USD pairs consolidate or everything falls together... its a funny situation right now.
  • #2,835
  • Mar 11, 2012 4:00pm Mar 11, 2012 4:00pm
Quoting sidhujag
Its reliable for any pair on any tf to know if bull or bear is intact... its time sensitive so if it don't happen within next week bear may be in control.

If anything is going up its USD and S&P... S&P because foreign CB's are even buying US equities as backing or collateral to their debt. Its almost like gold USD up because it is the only safe haven out there right now... along with USD CAD may do good too because we are neighbors and follow their co tails.

Technically in order for us to complete the wave and break out of the range we would...
ok , msg understood. Will re-check my technicals and fundies , what might cause it to be lifted. Who knows it might go higher than 1407 ?
  • #2,836
  • Mar 11, 2012 4:03pm Mar 11, 2012 4:03pm
Quoting VennD
ok , msg understood. Will re-check my technicals and fundies , what might cause it to be lifted. Who knows it might go higher than 1407 ?
haha ofcourse that will just mean bull is in tact and then we can break the alltime highs it certainly would be the LEAST expected thing to happen (which market usualyl does anyway)... but there is always a but, if forex market has to big of bears it will probably win $4 trillion a day turnover will eat anything lol
  • #2,837
  • Edited 4:15pm Mar 11, 2012 4:12pm | Edited 4:15pm
@ sidhujag ,

Several signal candles has appeared in 4h and 1h tfs requesting to ONLY me to STANDBY to shoot it down. Probably short scalp ...imo. Long has been locked with be+1 that Friday.

Will see ...
  • #2,838
  • Mar 11, 2012 4:16pm Mar 11, 2012 4:16pm
Quoting VennD
@ sidhujag ,

Several signal candles has appeared in 4h and 1h tfs requesting to ONLY me to STANDBY to shoot it down. Probably short scalp ...imo. Long has been locked with be+1 that Friday.

Will see ...
you could be right too we are due in for a large retrace, been on a bull run for too long too.
  • #2,839
  • Mar 11, 2012 4:19pm Mar 11, 2012 4:19pm
ok forget about S&P for awhile. How about ... GBP/USD ?
  • #2,840
  • Mar 11, 2012 4:25pm Mar 11, 2012 4:25pm
Quoting VennD
ok forget about S&P for awhile. How about ... GBP/USD ?
I think it depends on what ben says and FOMC.. I see oil heading up effecting GBP. If FOMC sparks USD rally I see EU GU and AU getting hit the hardest. So if your looking at levels maybe look at around the volatility of tuesday?
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