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Noise free system

His edge proves that hee is right Something all the time burns me inside like an volkano!
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Quoting mizi123
{quote} Sometimes here we are talking for somethings wich are a little beat more complicated for 1 part of member as for others, as longes we dont find a better way to filter the trades these are 4 keypoints wich need to be taken in consideration when you take 1 entry: 1. See curencymeter; 2. Wait for croos; 3. Wait for pullback; 4. ...
I understand everything. I just don't understand - why wait for pullback? When you see good price action + power support/resistant zones from high TFs = you can enter at HAs cross, with very tight stoploss and excellent R/R ratio. Waiting for a pullback does not add a safety to your deal!
Quoting Rammstein73
{quote} I understand everything. I just don't understand - why wait for pullback? When you see good price action + power support/resistant zones from high TFs = you can enter at HAs cross, with very tight stoploss and excellent R/R ratio. Waiting for a pullback does not add a safety to your deal!
Hi Ramstein because is easy to define historic charts but when you are in live market is different (you dont know what is next) and best rule of definition of the trend is: When price after curent cros (wich in start of the down trend is HH) starts to make new Higer Low these is the sighn that these trend allredy is losing momentum and assumption is huge that next time gona make new Lower Low (and these is that we are locking for wich most of times is happend). Second resaon is these save us from losing when market starts to rang... these are my resaoons
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You don't create a noise free system my adding more and more indicators, which are all derivative and absolutely useless. You do it by adding small filters, and using those filters to understand market structure, the language of the market. Indicators are not only useless, they are actually insidious as they distract you from whats real.....market generated information based on the imperative... understanding of market structure.
Quoting mizi123
{quote} Hi Ramstein because is easy to define historic charts but when you are in live market is different (you dont know what is next) and best rule of definition of the trend is: When price after curent cros (wich in start of the down trend is HH) starts to make new Higer Low these is the sighn that these trend allredy is losing momentum and assumption is huge that next time gona make new Lower Low (and these is that we are locking for wich most of times is happend). Second resaon is these save us from losing when market starts to rang... these...
OK, mizi! Wish you more and more green pips and thank you for this thread.
Quoting disker23
You don't create a noise free system my adding more and more indicators, which are all derivative and absolutely useless. You do it by adding small filters, and using those filters to understand market structure, the language of the market. Indicators are not only useless, they are actually insidious as they distract you from whats real.....market generated information based on the imperative... understanding of market structure.
That is useless hollywar...
Quoting OAPDave
http://wwwmurreymaths.com Murrey came to the uk and although I did not go on his courses I met him and bought his End of Day software, manuals and a CD disk at that time the Realtime version was under beta test but they were having problems with it and to this day I am not sure if it as ever been sorted, so in reality I am self taught, ( Murrey is an alien who as landed from another planet talks in numbers, has a super human memory at least for numbers, I could not understand anything he was on about, the strangest guy I have ever met...
Hi Dave is these what you are telling me see these 2 photos:
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Quoting mizi123
{quote} Hi Dave is these what you are telling me see these 2 photos: {image} {image}
Makes sense to me, I have just added a Murrey 1024 to give me a week of data and targets on your 5 min chart 2nd chart a full 5days of data
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Quoting disker23
You don't create a noise free system my adding more and more indicators, which are all derivative and absolutely useless. You do it by adding small filters, and using those filters to understand market structure, the language of the market. Indicators are not only useless, they are actually insidious as they distract you from whats real.....market generated information based on the imperative... understanding of market structure.
 
thanks men you are correct
 
Is this you, want to trade but have a fulltime (proper job) and can only look at your charts once per hour, try this. look at a Monthly set of data so my way of thinking that's a Murrey 512 (some xcaliuber trades there) yes bigger stops, now if you wish drill down on weekly with a 128 or indeed half week with a 64, left Mizi HA off just so you can see clean charts but of course that the entry method,
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Quoting OAPDave
Is this you, want to trade but have a fulltime (proper job) and can only look at your charts once per hour, try this. look at a Monthly set of data so my way of thinking that's a Murrey 512 (some xcaliuber trades there) yes bigger stops, now if you wish drill down on weekly with a 128 or indeed half week with a 64, left Mizi HA off just so you can see clean charts but of course that the entry method, {image} {image} {image}
No Dave i em dedicated to trading i have quite my job because here ppl work for 300$ per month, average salary is that in my country and you need to work like an horse and to have some dumbe cheef near your head!
By the way i have never worked for someone for my entire life until now i have pass thru different onnline enquires (busnineses) all my life and i don't want to quite until i reach my Goal!
Quoting mizi123
{quote} No Dave i em dedicated to trading i have quite my job because here ppl work for 300$ per month, average salary is that in my country and you need to work like an horse and to have some dumbe cheef near your head!
Well what some might see as a negative you through a lot of study and common sense are turning it into a positive, just keep greed at bay and a good money-management in place and I think you just might get to your goal
Quoting Rammstein73
I wish to share my little job with you, friends. z---MurreyMath-TimeFrame indi shows too many lines between main Murrey-levels. Get my mod that gives you possibility of choice - to show theese lines or not. Enjoy... {file}
Could you just show a chart 1st please
Quoting OAPDave
Is this you, want to trade but have a fulltime (proper job) and can only look at your charts once per hour, try this. look at a Monthly set of data so my way of thinking that's a Murrey 512 (some xcaliuber trades there) yes bigger stops, now if you wish drill down on weekly with a 128 or indeed half week with a 64, left Mizi HA off just so you can see clean charts but of course that the entry method, {image} {image} {image}
Hello OAPDave,

Watched the Video given by Tarantula[ Excellent Find Mizi], read XCalibur's Post and some of your posts in Clive Packham Thread. I owe you a lot for introducing such a potent method/way of thinking. From what i understood, MML is an excellent way of defining limits on price movement via the grid lines. This gives a context of market and can be used for any trading system, MML throwing light in the room before we shoot the arrow.

I am hoping you could shed some light on some of my doubts:

1. Resetting of Octaves: XCalibur had to say this about the Resetting of Ocatves

"The resetting of the Octaves is simply a fulfillment of price action of a higher time period or higher fractal period that must be completed."

As an example he talked of what appeared to a potential short on +2/8 on one time frame, but price keeps going up and resets the octaves. The reason was the missing big picture on a higher time frame wherein price was supposed to move up and this behavior of Higher Time Frame seeped into the lower time frame thus the price going up instead of down.

Is there a Master Time Frame that one must look at before drilling down, because in the above example, if we switched to a much higher time frame, the big picture would change. I mean TF's can keep rolling into higher TF's: 4HR to Daily to Weekly to Monthly to Yearly etc....

Say, for positional or swing trading, how does the selection of TF's work?

2. You advise people to have a road map vis a vis any method like MML,Fractals, Fibonacci, Weekly and Daily Ranges etc....

In one post, you talk about using Weekly and Daily Range to assess the room that is available before taking a trade.

So in addition to applying MML, Weekly and Daily Ranges are a part of core MML trading methodology? Just want to confirm...

3. I saw your charts multiple times, my opinion is one must have a good grasp of the Octaves -2/8,-1//8..........1/8,2/8.....+2/8 and most importantly their significance.

While searching i see material that talks about angles, geometry etc.... To get started in basic application of MML, is learning them at the beginning point of time necessary?

Sample Snap Shot:

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4. I request you to kindly point out to a resource that is a primer to learning the Octaves Significance. Your selection of posts that need to be read was excellent and my time would be productive if i focused it a resource that you found worthy instead of trying to tackle some much that is there.

Example: How does one interpret when price is in 6/8 and 7/8...what he can do or what he cannot do etc.....

5. On a personal note, i want to ask: In my opinion,The odds are high that a person at a beginning introductory phase of MML would deem MML to close to Esoteric. You use MML extensively and one cannot do that unless the trader has the confidence in his method. What was your main focus before MML?


Once again, thanks for introducing a wonderful concept...
Quoting Rammstein73
{quote} I'm sorry, but I don't have time to do job that I count useless. Just take this indi and try it, but You are free to not do that.
I meant no offence my friend, the reason for the request of a chart was to see if you had deleted the odd or even number lines, great to have a guy onboard that can do that sort of coding, I understand if you find this useless but trading and indeed the world would be very boring if we all saw things through the same eyes.
Quoting aaven
{quote} Hello OAPDave, Watched the Video given by Tarantula[ Excellent Find Mizi], read XCalibur's Post and some of your posts in Clive Packham Thread. I owe you a lot for introducing such a potent method/way of thinking. From what i understood, MML is an excellent way of defining limits on price movement via the grid lines. This gives a context of market and can be used for any trading system, MML throwing light in the room before we shoot the arrow. I am hoping you could shed some light on some of my doubts: 1. Resetting of Octaves:...
Fantastic post please give me a little time to think how to answer all your points but leave you with this to think of, to me it stands to reason the length of time price stays in a given Octave the more important that is, so start from the biggest then keep zooming down, that is only for the purpose to being able to afford the trade, and yes what we see on our realtime charts is only a fraction of what Murrey as on his own End of Day software, do not think even the great Xhard could get it into realtime sadly
Quoting mizi123
By the way i have never worked for someone for my entire life until now i have pass thru different onnline enquires (busnineses) all my life and i don't want to quite until i reach my Goal!
Quoting OAPDave
{quote} Fantastic post please give me a little time to think how to answer all your points but leave you with this to think of, to me it stands to reason the length of time price stays in a given Octave the more important that is, so start from the biggest then keep zooming down, that is only for the purpose to being able to afford the trade, and yes what we see on our realtime charts is only a fraction of what Murrey as on his own End of Day software, do not think even the great Xhard could get it into realtime sadly
Thanks for the Kind Words OAPDave and guidance. Kindly take your time.
Quoting aaven
{quote} Hello OAPDave, Watched the Video given by Tarantula[ Excellent Find Mizi], read XCalibur's Post and some of your posts in Clive Packham Thread. I owe you a lot for introducing such a potent method/way of thinking. From what i understood, MML is an excellent way of defining limits on price movement via the grid lines. This gives a context of market and can be used for any trading system, MML throwing light in the room before we shoot the arrow. I am hoping you could shed some light on some of my doubts: 1. Resetting of Octaves:...
I can't avoid this, so i'll be honest. You're making this MUCH more complicated than it needs to be, but that's probably because you'e never had the experiences necessary to show you how the market really works. Listen to me, octaes are fascinating, math is fascinating, but it's all derivative as to WHY and HOW the things you mentioned ACTUALLY HAPPEN. Let me just comment on one thing said that I find interesting and can address. "1. Resetting of Octaves: XCalibur had to say this about the Resetting of Ocatves "The resetting of the Octaves is simply a fulfillment of price action of a higher time period or higher fractal period that must be completed." As an example he talked of what appeared to a potential short on +2/8 on one time frame, but price keeps going up and resets the octaves.".

Okay now let's just forget about octaves entirely and understand in terms of market structure how we can make better sense of this. First, the fulfillment of a price level on a higher time fame that MUST be completed (Must is the key word here). Whenever, irregardless of the time frame, even the price, when you see a level being revisited and it seems that is 'must be completed' that's because it's a price that MUST be had. As a professional you would be told to do whatever it takes to get that price, and it's termed 'Unfinished Business" in the industry. It's much easier to understand in terms of what is actually happening than in terms of octaves. Here's what's happening: Price (moved by volume)--moves into an area where big boys are distributing/accumulating positions. The important thing to know is that they HAVE to keep getting that price which is why-it's always revisited, and then finished when they have finally done the amount of volume that was originally intended to be done at that level, and the AUCTION has now been finished. What you are referring to is NOTHING more than an unfinished auction, and it will INEVITABLY be finished as someones job depends on it. That might be a mouthfull, but it's the absolute truth. I can elaborate if you'd like, but I'm honestly just trying to help you because I can assure you that learning how the market works will work out much better for you than trying to figure it out through octaves which are fascinating, but won't help you understand what's actually happening and in sum...make money. Cheers.
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