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Attachments: Simple trading: levels and price action (mainly on DAX)
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Simple trading: levels and price action (mainly on DAX)

  • #341
  • Apr 25, 2016 1:01pm Apr 25, 2016 1:01pm
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160425_205912.png Size: 114 KB
  • #342
  • Apr 26, 2016 4:19am Apr 26, 2016 4:19am
+23 pips. A nice trade (wasn't in minus at all) between MM-levels.
(Look at round number as well, price turned there.)
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160426_121636.png Size: 107 KB
  • #343
  • Apr 26, 2016 4:50am Apr 26, 2016 4:50am
+22 pips. A newer perfect entry at MM-level.
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160426_124809.png Size: 116 KB
  • #344
  • Apr 26, 2016 4:55am Apr 26, 2016 4:55am
Support round number (10300) is under siege ..
  • #345
  • Apr 26, 2016 6:27am Apr 26, 2016 6:27am
DAX wrapped around the 3/8 MM-level ..
  • #346
  • Apr 26, 2016 7:23am Apr 26, 2016 7:23am
+90 pips (it was a little bit harder then the previous trades)
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160426_151223.png Size: 139 KB
  • #347
  • Apr 26, 2016 10:25am Apr 26, 2016 10:25am
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Click to Enlarge Name: ScalperChart for MT4_20160426_182232.png Size: 125 KB
  • #348
  • Apr 26, 2016 2:55pm Apr 26, 2016 2:55pm
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Click to Enlarge Name: ScalperChart for MT4_20160426_225156.png Size: 114 KB
  • #349
  • Apr 27, 2016 4:45am Apr 27, 2016 4:45am
MM-levels today ..
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160427_124259.png Size: 108 KB
  • #350
  • Apr 27, 2016 8:26am Apr 27, 2016 8:26am
Hey Billy,

Very very interesting thread. I just finished reading through it all. I am going to read through again. I trade DAX intraday every day but want an additional method. This looks very sensible. Thanks for sharing with us.
  • #351
  • Apr 27, 2016 8:47am Apr 27, 2016 8:47am
Quoting IndexScalper
Hey Billy, Very very interesting thread. I just finished reading through it all. I am going to read through again. I trade DAX intraday every day but want an additional method. This looks very sensible. Thanks for sharing with us.
Hi IndexScalper! I'm glad to hear your opinion. Let's go!
I think that levels are better friends of ours, than trend.
  • #352
  • Apr 27, 2016 9:17am Apr 27, 2016 9:17am
Yes I agree with you that levels are bigger friends for us on DAX than trends. The Murrey Maths levels are new to me. They fascinate me and I am working out a method to trade them. I will keep reading and let you know my ideas. Thanks again!
  • #353
  • Apr 27, 2016 9:20am Apr 27, 2016 9:20am
FOMC later, market could be flat and boring now until FOMC. I will do my reading and studying on Murry this afternoon and come back half an hour after FOMC to observe the market movement then.
  • #354
  • Apr 28, 2016 5:58am Apr 28, 2016 5:58am
Current levels ..
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160428_135445.png Size: 104 KB
  • #355
  • Apr 28, 2016 6:12am Apr 28, 2016 6:12am
Thanks for the levels Billy.

I have been watching a MM levels indicator at work on a 1m normal MT4 chart today and yesterday. I can see that the levels are different to yours. Do your MM levels change depending on a timeframe you set them to please?
  • #356
  • Apr 28, 2016 6:25am Apr 28, 2016 6:25am
Quoting IndexScalper
Thanks for the levels Billy. I have been watching a MM levels indicator at work on a 1m normal MT4 chart today and yesterday. I can see that the levels are different to yours. Do your MM levels change depending on a timeframe you set them to please?
I don't know exactly, but think it is independent from the timeframe. It should come from the values of the previous day.
I get them from the ScalperChart automatically (without any adjustment).
  • #357
  • Apr 28, 2016 6:58am Apr 28, 2016 6:58am
OK thanks Billy
  • #358
  • Apr 28, 2016 7:13am Apr 28, 2016 7:13am
Auto-levels ..
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Click to Enlarge Name: ScalperChart for MT4_20160428_150745.png Size: 122 KB
  • #359
  • Apr 28, 2016 7:32am Apr 28, 2016 7:32am
And after ..
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Click to Enlarge Name: ScalperChart for MT4_20160428_153139.png Size: 96 KB
  • #360
  • Apr 28, 2016 7:41am Apr 28, 2016 7:41am
And after, again .. (DAX sheet music)
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160428_153948.png Size: 96 KB
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