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Trading using Murray Maths and Price Action

  • #3,061
  • Edited 3:07pm Jun 3, 2012 8:37am | Edited 3:07pm
Quoting bayfisherman
King of the Bamboo Castle...
Submarine?
No submarine in loonie. Only ROCKETS!

1.08 ? Maybe.

Nothing is impossible thou, but 1.18 ?? W-H-Y ? H-O-W ? W-H-E-N ?

I think at that point in time crude might cost you between 20$ - 60$ / barrel ?

Do you think US is so generous ? Ah ! never mind about that qstns. Just trade to earn a decent income .

edit : Lots of big guns + retail traders will be happy sellers at 1.18 . $5 love you long time...
  • #3,062
  • Jun 3, 2012 8:51am Jun 3, 2012 8:51am
Quoting FXSwissTrader
VennD. Been following your postings for awhile. Wondering if ....
You hold on for awhile ... be patience with me ... will answer your qstns in due course ... Hv to check some spelling from the dictionary
  • #3,063
  • Jun 3, 2012 9:31am Jun 3, 2012 9:31am
Quoting VennD
You hold on for awhile ... be patience with me ... will answer your qstns in due course ... Hv to check some spelling from the dictionary
OK, great. Thank you very much.
  • #3,064
  • Edited 2:39pm Jun 3, 2012 1:38pm | Edited 2:39pm
Quoting FXSwissTrader
VennD. Been following your postings for awhile. Wondering if you're able to post your harmonic pattern indie with your default settings?
FXSwissTrader, I hope I don't upset you. I only memorised those patterns and my measurement usually out of specification from the established patterns. No indi. Pls ignore the pic that I drew. It is not Harmonic. It is ... Forex Skunk Rider

Check the measurement to be sure. Sometimes it is boring trading currency while waiting for the price to show its colours so I drew whatever I like just for the amusement. Sometimes I remember seeing something and make fun of it in the charts. Some ppl were asking about tht too plus other patterns indis. Infact I am mostly using at least two indis , TLs/Channels (manually drawn) + fibo. I draw whatever I like which looks beautiful to my eyes ... seems coincident with other patterns but my drawings are mostly wrong because I don't have specific measurement parallel to other establish patterns. "Give and Take" are my measurement. U will be surprise to see my next drawings will be a kangaroo , a cave or probably a baby dragon or a wooden horse.

The nature / phenomena in this game is to understand why/how/where/when a price will make it moves in a pair, by combining those technicals with fundamentals and sentiments.

Price Action - Earlier I marked with " X " , the probabilities of prices might visit. The arrows pointing up and down are probabilities of prices might reverse. I think there's no systems/methods are perfect , therefore ... by combining those methods, I think you can win this game ... of the baboons

Quoting FXSwissTrader
... Are those fibs drawn by the indie, or are they drawn manually? I see fibs drawn in DodgerBlue and to the right of the chart, in white.
Manually drawn. I use Yellow or DodgerBlue fib for upmoves projection while white fib is for downmoves projection.

Quoting FXSwissTrader
I too trade MML, and am trying to incorporate Harmonic patterns together with MML into my trading. Thank you very much in advance. Any tip you are able to provide would be greatly appreciated. Thank you once again.
If u have time, try to master the following subjects/methods or other methods in FF threads or elsewhere that you can find. Incorporate / combined them before you hit the button. It is like check and balance.
Conflunces to Enter and Exit. Usually at least TWO of them are nearby the price (but not good enough). More than two the better.
--------------------------------------
1. Murrey Math Method
2. Fibo Method
3. TrendLine / Channel / Pitchfork Method.
4. Regression Analysis Method
5. Harmonic Method (Im yet to understand more on this one).

That is what I do. Have a great weekend. No more qstn pls... its been hard for me to look up the spelling in the dictionary.

Ps - Probably you can dwnld those Patterns indis from Harmonic Threads or elsewhere. There're so many modification , same as MM indi.
  • #3,065
  • Edited 7:11am Jun 4, 2012 7:04am | Edited 7:11am
Quoting VennD
usd/cad 4h & Daily - Upper Down Trend Channels broken , RES at mm 6/8th and SUP at 5/8th lines still holds on Daily.... and that space ship (4h tf) is about to make a down retracement or a consolidation.Short scalp @ 1.0435 (forgot to put be+1), and maintain long position @ 0.9810 . Technical Long's Objectives : 1.03 / 1.05 / 1.06 / 1.07 (long-term) ... but Im yet to look at the fundies on WHY price might touch between 1.05 - 1.07 in the long run. Probably Canada is also fighting to slow down its inflation rate Any...
Howday folks ?

usd/cad 15m - Fx Skunk Rider in action

short scalp @ 1.0435 closed at be+1. Re-entered @ 1.0442 w/be+1. Maintain long position @ 0.9810

15m charts - update - before and after.

edit : Refer post # 3058 for daily chart.
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  • #3,066
  • Edited 7:41am Jun 4, 2012 7:38am | Edited 7:41am
aud/usd 15m - Im on long scalp w/be+1 on this one. Trend is still down. Might short it @ ...

Dinner time here ... bbl to post the other majors.
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  • #3,067
  • Edited 11:52am Jun 4, 2012 11:19am | Edited 11:52am
Quoting VennD
gbp/usd - long scalp @ 1.5636 w/be+1 , maintain short @ 1.6300.

Looking fwd to 1.56 / 1.54 / 1.52xx (long-term).

bye-bye
gbp/usd 4h - Long scalp w/be+1 , maintain short for awhile.
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  • #3,068
  • Edited 12:02pm Jun 4, 2012 11:48am | Edited 12:02pm
Quoting VennD
eur/usd 4h - long scalp @ 1.2505 w/be+2 , maintain short @ 1.3470 .

short's objectives : 1.31 / 1.27 / 1.25 / 1.24 / 1.23xx (long-term).
eur/usd 15m - long scalp w/be+1. Trend still down so ... I'll look for a short position later.

short @ 1.3470 has been closed.
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  • #3,069
  • Edited 1:03pm Jun 4, 2012 12:43pm | Edited 1:03pm
Quoting VennD
usd/jpy - Maintain positions. Short's objectives 78.56/05 , 76.05 and 74.05 (long-term).
usd/jpy 4h - long scalp w/be+1 , maintain short position.

Nah! where will be the price actions ?
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  • #3,070
  • Edited 1:45pm Jun 4, 2012 1:34pm | Edited 1:45pm
usd/chf 4h & daily - short scalp w/be+2 , maintain long position.

Technical Long's Objectives : 0.95 / 0.99 (long-term).

Making coffee ... bbl. ... gl 2u ghosts
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  • #3,071
  • Edited 4:59pm Jun 4, 2012 2:30pm | Edited 4:59pm
chf/jpy 4h - long scalp w/be+5 , maintain short position.

edit : That 79 could be the last one ... I will hold the short for awhile.

These are what I want : 85 / 81 / 80 / 79xx .
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  • #3,072
  • Edited 3:26pm Jun 4, 2012 3:05pm | Edited 3:26pm
eur/gbp 4h - Mother skunk is getting angry , so she shoots every directions.

One shot went to the boob. argh !!!

long scalp w/be+1 , maintain short position.
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  • #3,073
  • Edited 4:40pm Jun 4, 2012 3:30pm | Edited 4:40pm
Quoting VennD
eur/jpy 4h - long scalp @ 99.59 w/be+1 , maintain short @ 111.25
short's objectives : 108 / 104 / 102 / 100 / 98 / 97 .
Quoting VennD
eur/jpy - short closed !
eur/jpy 15m - ... long scalp w/be+5 , still looking from where to short.

Previous short has been closed.

Chart in a moment ... wanna draw something else ...

edit : Nah! that is a kangaroo going up the shaft. Do you think it is smiling at YOU ? If it does ... then ... it will keep on moving up, otherwise ... it will fall back like a rolling stone
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  • #3,074
  • Edited 4:27pm Jun 4, 2012 4:17pm | Edited 4:27pm
Quoting VennD
aud/usd 15m - Im on long scalp w/be+1 on this one. Trend is still down. Might short it @ ...
aud/usd - I think she's going to 0.9818 coz ... there're some banana.

Last year Aussie gave me lots of fake banana ... but this year ... NO WAY Im gonna eat 'em again !
  • #3,075
  • Jun 4, 2012 6:00pm Jun 4, 2012 6:00pm
gbp/aud 1h - Shorted !

Time to sleep ...
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  • #3,076
  • Jun 4, 2012 6:06pm Jun 4, 2012 6:06pm
Venn u r absolute forex animal bro

U trade a bunch of pairs successfully... And have been doin it
For awhile.
It's admirable... Just wanted to
Point that out
  • #3,077
  • Edited 12:49pm Jun 5, 2012 2:16am | Edited 12:49pm
Quoting Wulfgar
Venn u r absolute forex animal bro

U trade a bunch of pairs successfully... And have been doin it
For awhile.
It's admirable... Just wanted to
Point that out
Hi Wulf sorry ... juz woke up. Where's that old avatar ? Last year's one was more handsome than this one. Now you look like a pimp / a drug dealer

BTW ... Do you still remember ... what Bank of Montreal said last year ?

1st half of this year is nearly ended. I hope you be extra careful ... IF you go against me ... unless ... you short scalp only. ( jk here)
Quoting VennD
usd/cad - short scalp w/be+1, ... maintain long position @ 0.9810 .

Long's Objectives : 1.03 / 1.05 / 1.06 / 1.07 (long-term) ...
Attached Image (click to enlarge)
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  • #3,078
  • Edited 4:59am Jun 5, 2012 4:25am | Edited 4:59am
Quoting VennD
eur/usd - long scalp @ 1.2300 w/be+1. Trend still down so ... I'll look for a short position later.
short @ 1.3470 has been closed.
eur/usd 1h - Got a short @ 1.2531 . Maintain both positions w/be+1 for the time being...

Note : EU's PMI and Retail Sales (MoM) & (YoY) falls. Awaiting for Germany Factory Orders now ...
Attached Image (click to enlarge)
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  • #3,079
  • Edited 4:56am Jun 5, 2012 4:53am | Edited 4:56am
Quoting VennD
eur/jpy 15m - ... long scalp w/be+5 , still looking from where to short.
Previous short has been closed.

Chart in a moment ... wanna draw something else ...

edit : Nah! that is a kangaroo going up the shaft. Do you think it is smiling at YOU ? If it does ... then ... it will keep on moving up, otherwise ... it will fall back like a rolling stone
eur/jpy 15m - Maintain both positions w/be+1 for the time being ...
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  • #3,080
  • Jun 5, 2012 5:34am Jun 5, 2012 5:34am
Quoting VennD
aud/usd 15m - Im on long scalp w/be+1 on this one. Trend is still down. Might short it @ ...
aud/usd 15m - Got my dream short @ 0.9781 . Maintain both positions w/be+1 until all today's data release.
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