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  • #9,161
  • Oct 27, 2015 3:21am Oct 27, 2015 3:21am
Quoting MarkFX77
Nice results DT. What stop loss do you use?
on that test inuswd 1/8 line behind
  • #9,162
  • Oct 27, 2015 4:11am Oct 27, 2015 4:11am
Quoting devontrader
{quote} yes clives template....some things removed and mm put on.5lots = 50 per pip..does that make your eyes water.....my wallett is bulging lol
Still only an APPRENTICE then !
  • #9,163
  • Oct 27, 2015 4:41am Oct 27, 2015 4:41am
Quoting devontrader
dave play with this for me price onto a murraymath level and cci from above 100,,,,entry on first one back below 100 clives method any timeframe look at green dotted line.....perfect on cci and mml line.This is on 5min chart.If dave can make sure mm is on each timeframe and set right we can test it out.....i have some ideas which ill look at if dave updates the templatr {file} {file} {image}
Update on your trade
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  • #9,164
  • Oct 27, 2015 6:35am Oct 27, 2015 6:35am
Missed out this morning and no trades. I am aware of the SR level for gbpnzd but had a view on the lower bounce up from the lows will hopefully mean decent sell off. Sold 2.2585 and if we can go meaningfully below 2.2570 then a really nice trade could unfold. We'll see.
  • #9,165
  • Oct 27, 2015 8:43am Oct 27, 2015 8:43am
Another update usd - jpy shows excellent example of slow but sure range expansion
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  • #9,166
  • Edited 4:54pm Oct 27, 2015 3:50pm | Edited 4:54pm
dave could you please put mm on each timeframe for me in this template

mm indy used is the z--murraymaths-tmeframe but i have editied the code to clean it up a bit so it doesnt clutter the chart so much

so the indicator posted here is the cleaner version along with the template
Attached File(s)
File Type: mq4 JJB--MurreyMath.mq4   13 KB | 363 downloads
File Type: tpl !#JB Clive The No Fear MURRAY.tpl   16 KB | 364 downloads
  • #9,167
  • Oct 27, 2015 4:55pm Oct 27, 2015 4:55pm
Quoting devontrader
dave could you please put mm on each timeframe for me in this template mm indy used is the z--murraymaths-tmeframe {file}
Not to sure if I am over stepping the mark with this Murrey stuff on the thread, to be honest no one seems interested, only you, there is a lot more to Murrey than just these Octave setting, do not like saying, even you have not got the understanding of it correct yet. The setting I use are just what I have come up with out of my understanding of Murrey some top guru might tear me a part ( but he would have to be good) You have added I few ideas and indicators RSI for one I am not going to say if that's good or bad if it works for you its good who am I to say different, all these knock off Murrey indicators do not take time into the equation, they have not managed to crack how to present it, Murrey Works with TIME & PRICE not going to expand this any more in this post. To be fair to yourself you have quickly seen the potential of even only perhaps 1% of Murrey and got yourself into fairly profitable trading position (never profit until banked)
This is what I suggest I will give a table of the setting that I use ( WHAT SUITS ME ) let other guys if they are interested, see if they can find any better setting, also you and most interested guys will add indicators to it, so just read my Octave suggestions from the list, add what ever indicators you want (MURREY USES NONE) then just save your own template.
1 min Murrey 1024
5 min 256
15 min 128
60min 128
240mins 32/64
1 day mainly 32/64 but glance at 128 & 256
hope that helps
ps all the Murrey setting are just a look back period
  • #9,168
  • Oct 27, 2015 5:24pm Oct 27, 2015 5:24pm
very helpful thanks dave

here is just an idea that can be worked on

its great how the MML acts as support and resistance.
my first thought were look how once one of the /8ths is used that the price goes to the next one every time

then i thought use the middle of each /8th

so look as support resistance and clives normal method

shoot your targets and move your stop loss up half of an /8th each time as a trail
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  • #9,169
  • Oct 27, 2015 5:41pm Oct 27, 2015 5:41pm
Quoting devontrader
very helpful thanks dave here is just an idea that can be worked on its great how the MML acts as support and resistance. my first thought were look how once one of the /8ths is used that the price goes to the next one every time then i thought use the middle of each /8th so look as support resistance and clives normal method shoot your targets and move your stop loss up half of an /8th each time as a trail {image}
Good Chart, good thinking , now have a love at post 9131 ?
  • #9,170
  • Oct 27, 2015 5:51pm Oct 27, 2015 5:51pm
what are your blue boxes,,,they dont look right for supply demand
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  • #9,171
  • Oct 27, 2015 6:00pm Oct 27, 2015 6:00pm
Quoting devontrader
what are your blue boxes,,,they dont look right for supply demand {image} {image}
Your so called supply and demand levels are drawn after the event, mine are pre ordained now do not judge each level as meaning the same thing as price moves up and down the steps of ladder, if you look each line as a title, the smaller the timeframe the weaker the meaning
  • #9,172
  • Oct 27, 2015 6:07pm Oct 27, 2015 6:07pm
Quoting OAPDave
{quote} Your so called supply and demand levels are drawn after the event, mine are pre ordained now do not judge each level as meaning the same thing as price moves up and down the steps of ladder, if you look each line as a title, the smaller the timeframe the weaker the meaning
interesting......this is why i say chat on skype...able to learn a lot more
  • #9,173
  • Oct 27, 2015 6:09pm Oct 27, 2015 6:09pm
Quoting devontrader
what are your blue boxes,,,they dont look right for supply demand {image} {image}
When did you know that 1.0474 was going to be a tough trading level on your pair, before Murrey, no I do not think so
  • #9,174
  • Oct 27, 2015 10:43pm Oct 27, 2015 10:43pm
Quoting OAPDave
{quote} Not to sure if I am over stepping the mark with this Murrey stuff on the thread, to be honest no one seems interested, only you, there is a lot more to Murrey than just these Octave setting, do not like saying, even you have not got the understanding of it correct yet. The setting I use are just what I have come up with out of my understanding of Murrey some top guru might tear me a part ( but he would have to be good) You have added I few ideas and indicators RSI for one I am not going to say if that's good or bad if it works for you its...
Hi Dave, in response to your note about no-one else being interested in Murrey Math, am doing my best to achieve some consistency and success with native Clive method and being a previous sucker for the system holy grail merry-go-round, am attempting to exert some discipline and get results staying focused on the basics. Sounds like Murrey is a huge subject and glad it works for you and others who have the skill and ability to adjust their methods and improve further.

For me, I am trying to stick to the native system and address my obstacles to success which I believe are not system related, however they are influenced by how complicated I make my trade decision process, hence the desire to avoid further additions to Clive's method.

I guess we are all drawn to areas/information where we perceive we'll get solutions to issues we face. Whilst my challenge is getting consistently profitable, I am assuming you and DT and several others have long since achieved that and strive to improve performance with stuff like Murrey and I wish you well with that - you guys are on a much higher rung of the ladder than me lol. Back to basics and the comprehensive piece Clive did on page 418 on entries was terrific, am hoping he might get time one day to do something like that on his current exit/TP strategies :-). Best wishes..Paul
  • #9,175
  • Oct 28, 2015 2:07am Oct 28, 2015 2:07am
Quoting Paulnz57
{quote} Hi Dave, in response to your note about no-one else being interested in Murrey Math, am doing my best to achieve some consistency and success with native Clive method and being a previous sucker for the system holy grail merry-go-round, am attempting to exert some discipline and get results staying focused on the basics. Sounds like Murrey is a huge subject and glad it works for you and others who have the skill and ability to adjust their methods and improve further. For me, I am trying to stick to the native system and address my obstacles...
paul.....i fully respect your comments. Mutraymaths may not be for everyone...current but maybe of interest for any future reader...so all info in the open is then available for.anyone anytime.What i would say regarding clives method with murraymaths is when you look for the pull back for entry look for a murraymaths level for a pullback level.Look how accurate they are for support resistance etc....is that not a helping hand?Also you could use them for trail stops if you wish...1 level.at a time as price moves forwards
  • #9,176
  • Oct 28, 2015 2:41am Oct 28, 2015 2:41am
entered when price touched -100 CCI. impatient a bit, better entry at 1.1040 when CCI truly had a candle close below -100. still had needed momentum to get to TP though.
hope you all don't mind me posting some CCI pullbacks to 100 levels, I think it stays in line with Clive's basic idea. just tossed in RSI instead of a MA for trend/momentum. if anyone feels this deviates from the original concept too far, i will completely understand. -Jason

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  • #9,177
  • Oct 28, 2015 2:44am Oct 28, 2015 2:44am
Hi!

I agree with Paul. Nothing against all your work guys, especially with Murrey maths or Einstein calculation or whatever. I trade already
for 15 years and believe me, I have tried everything under the sun, and by everything I mean everything. And only since I returned to the
absolute minimum and just price action I started to make money. Not trillions but a living.

But I respect your work and by all means, everyone has to trade their own way and what the trader believes in.
  • #9,178
  • Oct 28, 2015 2:53am Oct 28, 2015 2:53am
Quoting devontrader
{quote} paul.....i fully respect your comments. Mutraymaths may not be for everyone...current but maybe of interest for any future reader...so all info in the open is then available for.anyone anytime.What i would say regarding clives method with murraymaths is when you look for the pull back for entry look for a murraymaths level for a pullback level.Look how accurate they are for support resistance etc....is that not a helping hand?Also you could use them for trail stops if you wish...1 level.at a time as price moves forwards
Devon you don't help, you are confusing everyone here
This thread is about Clive's method on M1 with the two LWMA and the CCI... that's about it. In the title there isn't staying "Everyone should post his ideas here"
I know you don't have time to create an own thread about your strategy, but why do you have time to post here all the time????

So again please stop since this isn't your thread and not even near Clive's method and you are doing more bad than good
  • #9,179
  • Oct 28, 2015 3:07am Oct 28, 2015 3:07am
Quoting GodFire
{quote} Devon you don't help, you are confusing everyone here This thread is about Clive's method on M1 with the two LWMA and the CCI... that's about it. In the title there isn't staying "Everyone should post his ideas here" I know you don't have time to create an own thread about your strategy, but why do you have time to post here all the time???? So again please stop since this isn't your thread and not even near Clive's method and you are doing more bad than good
Godfire, thanks for the input. My charts are 1) not 1min TF 2) not using LWMA.
Given these two factors, I will also stop posting charts. I do want to publicly thank Clive and all others for their input on this thread. Trading lower TF and using CCI for signals has really improved my trading!
Respectfully, and green pips to all -Jason
  • #9,180
  • Oct 28, 2015 3:17am Oct 28, 2015 3:17am
Fair comment guys, I have followed this thread from day one supporting Clive all the way, but after around 450 pages of a fairly simple concept with all that Clive as given, cannot understand why more guys are not coming onto the thread daily showing winning trades and thanking Clive for showing them the way, Clive as given his blood sweet and tears to this thread, but still some guys want more, just not sure what more the guy can give. With this in mind I tried to add a little something else that if worked with Clive's method would always let you see a slightly bigger picture even whilst trading a 1 minute, but as you say could be clouding the issue still more, with this in mind and the 1st 2 posts being negative to my idea I will not post anything else to distract anyone, just make pips, show Clive and thank him, all the best
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