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  • #10,321
  • Jul 6, 2016 9:32am Jul 6, 2016 9:32am
Quoting kthrapp350
{quote} Excellent trade OAPDave. I like that set up. going set up one of my monitors with a similar set up based on your chart.
Thanks, but I can see you are a good trader, so please post anything that will create a little interest and keep the thread a live
  • #10,322
  • Jul 7, 2016 2:24am Jul 7, 2016 2:24am
Quoting OAPDave
When everything matches BINGO {image}
With regard to exits, are you using a higher CCI to keep you in the trade or do you have a specific target?
  • #10,323
  • Jul 7, 2016 3:28am Jul 7, 2016 3:28am
Quoting rockhopper
{quote} With regard to exits, are you using a higher CCI to keep you in the trade or do you have a specific target?
Hi, Thanks for the question, I find when to take profit harder to decide than the actual entry, to me the main aim is to make and keep profit, so my answer will be a little vague, I have my own use of levels, (grids be it Murrey, Pivots or even round numbers) so I play level to level, I also use range and range expansion to see how many levels it can pass through (Daily Range) and yes the other cci. the main idea of this is to watch for momentum so we are looking for signs of strong momentum building to enter, so take any clue to bank profit when you see momentum stalling, it never ever bothers me if I bank 10 pips and it goes on to make 100 pips because they will be another signal come along so I do not need to hang my hat on just one, My aim is just to make a steady 25 pips a day anything above that is a bonus. Not going into in depth but if you watch the set up you will see what Clive talks about (ABCD) Trend then pullback then Trend then pullback some of the pushes can be bigger than others (Elliot Waves) so just spend a little time watching the patterns of the market form and the steady range expansion happen
  • #10,324
  • Jul 7, 2016 4:15am Jul 7, 2016 4:15am
Quoting rockhopper
{quote} With regard to exits, are you using a higher CCI to keep you in the trade or do you have a specific target?
Here is a simple Daily Chart showing the Daily Range (Big Times) the yellow line is just a reference line to show +/- 150 range days, todays range as been 122. To me it gives a guide either when to stop buying or when to stop selling, YES we do get the odd monster range day but hey its not normal for what ever reason so I do not want to play and happy to back away.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDSBDaily.png Size: 39 KB
  • #10,325
  • Jul 7, 2016 5:02am Jul 7, 2016 5:02am
Quoting OAPDave
{quote} Here is a simple Daily Chart showing the Daily Range (Big Times) the yellow line is just a reference line to show +/- 150 range days, todays range as been 122. To me it gives a guide either when to stop buying or when to stop selling, YES we do get the odd monster range day but hey its not normal for what ever reason so I do not want to play and happy to back away. {image}
You clever old fox you......
  • #10,326
  • Jul 7, 2016 5:20am Jul 7, 2016 5:20am
Quoting Pipglutton
{quote} You clever old fox you......
Haha nice to hear from you again, hope things are going well with you, just really trying to keep the thread alive, but not having much success, if you take a look at Clive's 1st ever screenshot page 2 post 24 its a 5 min of usd/chf he then went on a mission to improve it even further, now take a look at todays usd/chf chart in my 1 min format, as it really changed that much, no its just that I have nicked is basic idea tweeked it to suit me and am now comfortable to trade 1 min, Credit must go without doubt to Clive and also to a few other guys that have popped in from time to time.
  • #10,327
  • Jul 7, 2016 7:47am Jul 7, 2016 7:47am
Setups I am keeping an eye on for today
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  • #10,328
  • Jul 7, 2016 8:50am Jul 7, 2016 8:50am
Quoting stefan17
Setups I am keeping an eye on for today {image} {image} {image}
Interesting, thanks for posting
  • #10,329
  • Jul 7, 2016 9:45am Jul 7, 2016 9:45am
Here are the 2 grid charts I run in the back ground to give me ideas of levels
1 Just Standard Daily Pivots
2 Murrey Maths set t0 1 min
Attached Image(s) (click to enlarge)
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  • #10,330
  • Jul 7, 2016 10:08am Jul 7, 2016 10:08am
Hi Oapdave, I have been following this thread for a while now.Clives system is very similar to something I paid quite a bit of money for a while ago! we live and learn eh! However I quite like your standard daily pivots charts to give direction and the Murrey maths charts , where can I find these? Wishing you many green pips. Regards Gareth
  • #10,331
  • Jul 7, 2016 10:32am Jul 7, 2016 10:32am
Quoting gal007
Hi Oapdave, I have been following this thread for a while now.Clives system is very similar to something I paid quite a bit of money for a while ago! we live and learn eh! However I quite like your standard daily pivots charts to give direction and the Murrey maths charts , where can I find these? Wishing you many green pips. Regards Gareth
Hi thanks for the interest, if you go into the paper clip indicator section then onto page 5 you will see the Murrey Maths, download the one by STU as he did a mod to get it to update correct

http://www.forexfactory.com/showthread.php?t=538297- is the Pivot indicator I use, but plenty of others about
  • #10,332
  • Jul 7, 2016 10:44am Jul 7, 2016 10:44am
Quoting OAPDave
{quote} Hi thanks for the interest, if you go into the paper clip indicator section then onto page 5 you will see the Murrey Maths, download the one by STU as he did a mod to get it to update correct http://www.forexfactory.com/showthread.php?t=538297- is the Pivot indicator I use, but plenty of others about
Thank you very much greatly appreciated.
  • #10,333
  • Jul 7, 2016 10:46am Jul 7, 2016 10:46am
Quoting OAPDave
{quote} Hi thanks for the interest, if you go into the paper clip indicator section then onto page 5 you will see the Murrey Maths, download the one by STU as he did a mod to get it to update correct http://www.forexfactory.com/showthread.php?t=538297- is the Pivot indicator I use, but plenty of others about
Dave, what settings are you using in the indicator (for 1M and 5M charts)?

Many thanks!
  • #10,334
  • Jul 7, 2016 11:10am Jul 7, 2016 11:10am
Murrey Math candles and sub-window indi here too: http://www.forexfactory.com/showthre...45#post8566645
  • #10,335
  • Jul 7, 2016 11:22am Jul 7, 2016 11:22am
Quoting MidnightRun
{quote} Dave, what settings are you using in the indicator (for 1M and 5M charts)? Many thanks!
Hi, thanks for the interest, Murrey uses a certain sequence of numbers so I just go to his nearest number
1 min there are 1440 mins in a day so Murrey 1024
5min 288 in a day Murrey 256
60min 120 in a week Murrey 128 etc

Murrey numbers would be 4, 8, 16, 32, 64, 128, 256, 512, 1024
hope that helps
  • #10,336
  • Jul 7, 2016 11:25am Jul 7, 2016 11:25am
Quoting bapakjason
Murrey Math candles and sub-window indi here too: http://www.forexfactory.com/showthre...45#post8566645
There are some Murrey Maths indicators for MT4 that do not up date correct, The one by Stu does
  • #10,337
  • Jul 7, 2016 12:29pm Jul 7, 2016 12:29pm
Quoting OAPDave
{quote} Hi, thanks for the interest, Murrey uses a certain sequence of numbers so I just go to his nearest number 1 min there are 1440 mins in a day so Murrey 1024 5min 288 in a day Murrey 256 60min 120 in a week Murrey 128 etc Murrey numbers would be 4, 8, 16, 32, 64, 128, 256, 512, 1024 hope that helps
Do I get it right that these numbers are entered in the "periodtotake" field (which is 65 by default)?

Thank you!
  • #10,338
  • Jul 7, 2016 12:32pm Jul 7, 2016 12:32pm
Quoting MidnightRun
{quote} Do I get it right that these numbers are entered in the "periodtotake" field (which is 65 by default)? Thank you!
Yes that's correct
  • #10,339
  • Jul 7, 2016 12:39pm Jul 7, 2016 12:39pm
Quoting MidnightRun
{quote} Do I get it right that these numbers are entered in the "periodtotake" field (which is 65 by default)? Thank you!
Example A Daily Chart with Murrey set to 256
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDSBDaily.png Size: 57 KB
  • #10,340
  • Jul 7, 2016 1:04pm Jul 7, 2016 1:04pm
Quoting OAPDave
{quote} Yes that's correct
Just to be sure set each chart separate ie if you want a 1 min only enter 1024 if you want a 5min enter only 256 and so on and so on for each timeframe you want to look at, hope that helps
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