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  • #9,101
  • Oct 24, 2015 7:55pm Oct 24, 2015 7:55pm
Quoting clivepackham
{quote} Hi Paul Thats very interesting about you being a member of Woodie's CCI room as I've heard he is an expert in trading my beloved CCI. I've heard he can trade charts with just the CCI and no candles at all and still make money.... Your comment about the 100 period CCI as the trend is interesting too as when I put it on my chart, the crossing of the 100 levels coincided almost perfectly with the 35lwma changing colour. But of course its not coincidence is it?? its because all these indicators take their information from the same place, price....
Hi Clive - thanks for the mark up - much, much, appreciated. Yes totally agree no co-incidence given the origins of the CCI indi. Yes re Woodie - his catchphrase used to be something like.... 'don't need no stinkin' prices' lol, tell that to a successful price action trader ;-). I agree, simpler is best and the least you can have on a chart to get an edge to work, the better. For me that is consistent with reducing choices that can lead to error or poor decision making.

I like your direction with limiting the lines and indi's as much as possible. I see logical argument for observing higher TF action, but IF it's not necessary to do and you can still realize acceptable edge, then it comes down to personal choice, deciding between absorbing additional information to make a decision that may enhance your performance, or ignoring the HT, keeping decision making simpler. Personal choice and capability thing, but given my own performance under fire, I prefer to have the least decisions to make to avoid procrastination and pull the trigger.

Brings me back to the topic of approach. Systems will continue to be finessed and we will have points about adding and subtracting components - natural evolution I suppose, but after initial system learning, the crunch is how we trade it and future education regarding that is priceless imo. When a good trader starts talking about how they are evaluating the chart, what they're considering as they select, enter, manage and exit their trade - it's like gold given those traits and behaviours are key to development. You've given so much already but if you every run out of thoughts to share and are keen - more of this would be great to see - many thanks..Paul.
  • #9,102
  • Oct 25, 2015 3:42am Oct 25, 2015 3:42am
Quoting OAPDave
Hi 1444 Thanks for the pm but if you do not mind I will answer your questions on the thread, here is a screenshot of the gbp/usd as 1 hour candles I have enclosed the High & Low of the 2am until 6am Uk time by a box, I trade it as a breakout, spend a little time studying it, then give me your thoughts, then I will tell you how I trade it, clue a little good steady simple money-management is needed {image}
interesting how you draw the boxes
  • #9,103
  • Oct 25, 2015 3:53am Oct 25, 2015 3:53am
Quoting devontrader
{quote} interesting how you draw the boxes
Yes D/T its just my slant on your 3 session method, I do use other so called boxes thought out the day
  • #9,104
  • Oct 25, 2015 4:30am Oct 25, 2015 4:30am
D/T just leave you with this one, its the same idea but with the use of Murrey (I think you have had a look at that) as you are aware murrey is dynamic so the zones do move in a given way as time and price moves, but what it does for me is to answer what a lot of guys are asking, how often can I trade, when can I trade, whats the trend etc I have Clive's 35 & 175 on as a visual guide and I am just looking to what I believe are fairly safe zones to trade, it gives me stops & targets, I am not greedy thinking I will get big moves everyday just happy to work with a fair risk/reward, I have not hidden any indicators in fact only put Clive's on just to see if any guys are willing to multi task, (laying the pitch out in some way)
Murrey is a simple concept as you no, but quite hard to get your head around, I just have my own way right or wrong on how I use it
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  • #9,105
  • Oct 25, 2015 4:41am Oct 25, 2015 4:41am
Quoting OAPDave
D/T just leave you with this one, its the same idea but with the use of Murrey (I think you have had a look at that) as you are aware murrey is dynamic so the zones do move in a given way as time and price moves, but what it does for me is to answer what a lot of guys are asking, how often can I trade, when can I trade, whats the trend etc I have Clive's 35 & 175 on as a visual guide and I am just looking to what I believe are fairly safe zones to trade, it gives me stops & targets, I am not greedy thinking I will get big moves everyday...
dave ill admit id never seen murraymaths until you introduced it.I like it but as you say hard to get head around.I wish you would do skype call cos it would make it easier to understand.Send me pmOhI came across this dashboard...hope its useful to you dave . http://www.forexfactory.com/showthread.php?t=279081
  • #9,106
  • Oct 25, 2015 4:52am Oct 25, 2015 4:52am
Dave

Found this ..hopefully easy to understand

But still be good to talk on skype.
http://www.tradewithme.me/trading-sy...ray-maths.html
  • #9,107
  • Oct 25, 2015 5:20am Oct 25, 2015 5:20am
D/T I know a little about everything but an expert on nothing, I do not feel capable to so call teach anyone anything I am just happy to throw ideas into the pot, that's what I like about this thread, Clive as the idea and I just play with it until I feel ie can throw my (hard earned) at it. It is my belief that no one can trade someone else method until the rightly or wrongly add something of their own to it, in my case its range ie if something move 100pips in a day how does it do that, surely it must keep expanding the range until it gets there, that why I mark the pitch out, it just helps me to see it happening live, to be honest it does not have to be Murrey it can be anything here is the same chart with a different very simple pitch. Just shade your own box in set your risk/reward and away you go always keeping a eye on the range expansion
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  • #9,108
  • Oct 25, 2015 5:45am Oct 25, 2015 5:45am
Guys just leave you with this, before anyone as a rant at me, all I have done is placed Clive's method on to a marked out pitch, so I trade Clives method full stop, but I am selective to which signals I take full stop, This chart I have put up shows the Daily Candle size/range , HOW DOES IT MAKE THAT RANGE. ??????
D/T that dashboard thing would send me mad and colour blind
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  • #9,109
  • Oct 25, 2015 5:47am Oct 25, 2015 5:47am
Absolutely agree Dave - everyone needs to find something that suits their style and personality and add their own little quirks to it until they feel comfortable.
  • #9,110
  • Oct 25, 2015 5:54am Oct 25, 2015 5:54am
Quoting iak
OK im fed up with this now. still not working and i have downloaded every indicator and read hundreds of posts and set indies to correct settings etc etc. This thread is great but hard work as everything is all over the place! Need sleep. Will try again next week. If I ever figure it out I will post a step by step guide for fellow thick people like myself. Is it just me not getting this to work? Top trenders all just listing zeros now! aaaggghhhh. lol.
The top trenders listing zeros will change if you modify the indicator's settings as shown in Clive's post 9001 on page 451 (They need to be set to another timeframe).
  • #9,111
  • Oct 25, 2015 6:11am Oct 25, 2015 6:11am
Quoting handy148
Absolutely agree Dave - everyone needs to find something that suits their style and personality and add their own little quirks to it until they feel comfortable.
Andy its nice that with all your years of trading knowledge and experience and rock steady way that you trade that we agree , thanks mate
  • #9,112
  • Oct 25, 2015 6:37am Oct 25, 2015 6:37am
Quoting OAPDave
{quote} Andy its nice that with all your years of trading knowledge and experience and rock steady way that you trade that we agree , thanks mate
dave after reading the basic concept of.murray..i guess there is just one big key question to ask.What parameter for.what timeframe?I see 16 32 64 128 256 512 as numbers but which for which lolCould you expand a little on what you know regarding to the parameter to the timeframe ??
  • #9,113
  • Oct 25, 2015 7:10am Oct 25, 2015 7:10am
Quoting devontrader
{quote} dave after reading the basic concept of.murray..i guess there is just one big key question to ask.What parameter for.what timeframe?I see 16 32 64 128 256 512 as numbers but which for which lolCould you expand a little on what you know regarding to the parameter to the timeframe ??
My way is try and tie the look back period that looks about right to the risk you are prepared to fund so a rough guide would be
1hour chart for 5 days = 24 hrs in a day x 5days= 120 nearest Murrey number 128
1 day 1440 mins in the day so nearest Murrey 1024
On a Daily Murrey says 64 & 32 are best, just have a play, look at a full year with a 256
Just for fun have a look at a monthly chart over 10years with a 128 ie 10years = 120months nearest Murrey number 128
See what you come up with
  • #9,114
  • Oct 25, 2015 8:27am Oct 25, 2015 8:27am
Quoting OAPDave
{quote} My way is try and tie the look back period that looks about right to the risk you are prepared to fund so a rough guide would be 1hour chart for 5 days = 24 hrs in a day x 5days= 120 nearest Murrey number 128 1 day 1440 mins in the day so nearest Murrey 1024 On a Daily Murrey says 64 & 32 are best, just have a play, look at a full year with a 256 Just for fun have a look at a monthly chart over 10years with a 128 ie 10years = 120months nearest Murrey number 128 See what you come up with
def makes sense dave.Begs the question before someone else asks lolWhat about m1 m5 m15 tf?
  • #9,115
  • Oct 25, 2015 8:43am Oct 25, 2015 8:43am
Quoting devontrader
{quote} def makes sense dave.Begs the question before someone else asks lolWhat about m1 m5 m15 tf?
D/T post 9104 is a I min, just think or it like this, you want to look at the last 5 day in a 15 min format so that's 96 15min in a day x 5 days = 480 so whats the nearest Murrey number 16 32 64 128 256 512 the smaller timeframe you go the quicker you will get whats known as a chart shift and the Octave (posh word ) will have to reset its self, tip on MT4 just make sure you refresh the chart every now and then
I min = 1440 mins in the day so nearest Murrey is 1024
  • #9,116
  • Oct 25, 2015 3:50pm Oct 25, 2015 3:50pm
Woohooo up and running...
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Thanks to those that pointed me in right direction. For anyone having similar problems dont ignore the suffix/prefix section. This was where i was going wrong.
  • #9,117
  • Edited 5:49pm Oct 25, 2015 4:38pm | Edited 5:49pm
Dave

ive hopefully done a template for all to have and play with to what they like

this is just a basic setup

id appreciate it if you could look thru it and tell me if all correct?

ive set visualisation to the period timesframe eg 1440 period visual is ticked for daily

template and indicators attached
Attached File(s)
File Type: ex4 murreymath.ex4   23 KB | 317 downloads
File Type: mq4 murreymath.mq4   13 KB | 307 downloads
File Type: tpl !#JB MURRAYMATHS.tpl   15 KB | 305 downloads
  • #9,118
  • Oct 25, 2015 5:00pm Oct 25, 2015 5:00pm
Quoting devontrader
Dave ive hopefully done a template for all to have and play with to what they like this is just a basic setup id appreciate it if you could look thru it and tell me if all correct? ive set visualisation to the period timesframe eg 1440 period visual is ticked for daily template and indicators attached {file} {file} {file}
D/T just post a screenshot of the gbp/usd for me to see
  • #9,119
  • Oct 25, 2015 5:11pm Oct 25, 2015 5:11pm
Monthly
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  • #9,120
  • Oct 25, 2015 5:11pm Oct 25, 2015 5:11pm
Daily
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