Murrey Math and Quantum Method | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Murrey Math indicator is very useful in Forex 69 replies

Murrey Math lines 6 replies

Murrey Math Swing Progression 22 replies

Murrey Math Line signal 9 replies

Murrey math trading 1 reply

Attachments: Murrey Math and Quantum Method
Exit Attachments

Murrey Math and Quantum Method

  • #141
  • Mar 5, 2017 10:42pm Mar 5, 2017 10:42pm
Quoting Masterrmind
{quote} Yes indeed! Your commentary is what makes this thread great to read so thank you very much for your involvement. I'll load up a TE specific to this thread with say a 10K demo start (live later) with the main objective to learn from the trading frenzy. My trading will be a manual approach initially but depending on how I see these levels a Quantum link might be sought. But manual only trading from me for the first several weeks. I think a variety of entries from different TFs might be useful. I think MTF analysis may prove to be useful in...
Looking forward to your ideas/analysis.
  • #142
  • Mar 5, 2017 10:48pm Mar 5, 2017 10:48pm
Quoting Masterrmind
{quote} It should also be noted that a Quantum cycle is not necessarily required. Some other simpler EA or script options may include the following: 1. Apply a constant lot sequence (CLS) grid mapped out within the MML Trade Zone. 2. Apply a progressive lot sequence (PLS) grid mapped out within the MML Trade Zone. 3. Apply a martingale lot sequence based on trade A outcome (If trade A fails apply trade B @ 1.xx*lot Trade A etc etc). Success will depend on how well the account is preserved (MM perspective) and whether price charges favorably out...
Yeh I would have to agree with that. I originally thought that using martingale would work with such a system and an EA given the high probability of reversal at the extreme 1/8 and 2/8 lines, but decided that it would reduce profitability since you would have to start at an extremely low lot size, and even then it would probably blow up. I think manual trading with, candlestick, order flow and market structure as you mentioned combined with the accuracy of these lines will produce the best results.
  • #143
  • Mar 5, 2017 10:55pm Mar 5, 2017 10:55pm
Dash Output ??

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 87 KB


UJ Chart [M15; MML: P=64, MMPeriod=240 and StepBack=0]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 93 KB


Anyone else seeing a difference?

I am assuming that the difference is in the MMPeriod value assigned.

If so might need to address the logic in the Dash especially the period to which the Murrey Math lines are drawn.

Might be useful to include both a P and a MMPeriod as per Murrey_Math1 indicator.

ps. need to make sure the MML calculations are correct as per standard MML.

Masterrmind............
Master your Mind then Master your Trades
  • #144
  • Mar 5, 2017 11:16pm Mar 5, 2017 11:16pm
Quoting rnsfrd
{quote} Yeh I would have to agree with that. I originally thought that using martingale would work with such a system and an EA given the high probability of reversal at the extreme 1/8 and 2/8 lines, but decided that it would reduce profitability since you would have to start at an extremely low lot size, and even then it would probably blow up. I think manual trading with, candlestick, order flow and market structure as you mentioned combined with the accuracy of these lines will produce the best results.
Lets find out.

What I will be looking for is larger pip pullbacks and I'll start off trading the M15 chart as its central (ie not M1 and not a HTF).

However, at the zone of engagement it is highly likely that a lower TF such as M5 will be used for the actual entry because it shows much more of the PA.

Hopefully I can post in a timely manner the process of entry.

The advantage that I'm looking for in MML is to get a bigger pullback meaning a greater pip count than what I would from following PA and order flow from anywhere on a given chart otherwise it will mean little additional value to me or any other PA trader.

Keep the stops reasonable and realistic and a greater than 1:1 reward to risk ratio.

I also look at actual DD pips per trade compared to the actual TP however when trading at higher leverage I tend to lock in profit sooner rather than later which means this ratio is never that ideal.

The exit will be the interesting part because you can never really tell in advance how price will travel to your stop or your TP.

Interesting times ahead.

Masterrmind...........
Master your Mind then Master your Trades
  • #145
  • Mar 5, 2017 11:28pm Mar 5, 2017 11:28pm
Quoting Masterrmind
{quote} It should also be noted that a Quantum cycle is not necessarily required. Some other simpler EA or script options may include the following: 1. Apply a constant lot sequence (CLS) grid mapped out within the MML Trade Zone. 2. Apply a progressive lot sequence (PLS) grid mapped out within the MML Trade Zone. 3. Apply a martingale lot sequence based on trade A outcome (If trade A fails apply trade B @ 1.xx*lot Trade A etc etc). Success will depend on how well the account is preserved (MM perspective) and whether price charges favorably out...
this guy is a joke, demo millionaire, always blowing accounts, jumping into every new thread, posting trades of winners only, hoping noobs come to him to ask him to trade for them, dont fall for his trap
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #146
  • Mar 5, 2017 11:33pm Mar 5, 2017 11:33pm
Quoting Masterrmind
Dash Output ?? {image} UJ Chart [M15; MML: P=64, MMPeriod=240 and StepBack=0] {image} Anyone else seeing a difference? I am assuming that the difference is in the MMPeriod value assigned. If so might need to address the logic in the Dash especially the period to which the Murrey Math lines are drawn. Might be useful to include both a P and a MMPeriod as per Murrey_Math1 indicator. ps. need to make sure the MML calculations are correct as per standard MML. Masterrmind............
The Dash

It looks like the MMPeriod is set=0

So on an M15 chart with P set = 64 and MMPeriod=0 we get the following:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 97 KB


Dash shows this:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 28 KB


So the Dash shows correct data given TF and P provided MMPeriod is set=0.

ps. perhaps an option to input MMPeriod would be useful including the Stepback parameter.

Masterrmind............
Master your Mind then Master your Trades
  • #147
  • Mar 6, 2017 12:03am Mar 6, 2017 12:03am
Quoting heispark
MML Dashboard {image} {file}{file}
Hi heispark nice work!
THX
Find it The Best Entry Points
  • #148
  • Mar 6, 2017 12:11am Mar 6, 2017 12:11am
Hi every one, read through the whole thread but i cant seem to get lables on my lines only the 6-8 7-8 etc but not what the actual line is, i see the thread starter had the information in his video as did OAPDave, Any hints how to do that would be good,

Thanks
FD
  • #149
  • Mar 6, 2017 12:12am Mar 6, 2017 12:12am
Quoting Masterrmind
{quote} The Dash It looks like the MMPeriod is set=0 So on an M15 chart with P set = 64 and MMPeriod=0 we get the following: {image} Dash shows this: {image} So the Dash shows correct data given TF and P provided MMPeriod is set=0. ps. perhaps an option to input MMPeriod would be useful including the Stepback parameter. Masterrmind............
yes wich TF at chart used MML ,then period zero
Find it The Best Entry Points
  • #150
  • Mar 6, 2017 12:21am Mar 6, 2017 12:21am
I see ECHF Weekly 0/8
ECHF M15 M1080(W1)chart
go up wekly range high line?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 105 KB
Click to Enlarge Name: Screenshot2.png Size: 92 KB
Find it The Best Entry Points
  • #151
  • Mar 6, 2017 12:27am Mar 6, 2017 12:27am
heispark thank you for great work !!!
donīt follow me,you will loose your moneyy
  • #152
  • Mar 6, 2017 1:02am Mar 6, 2017 1:02am
MML commencement via manual trading

Settings I'll be using are as per screenshot.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 98 KB


TF = M15 (with additional M5 down to M1 PA and candlestick analysis as required)
P = 64
MMPeriod = 240

ps. TE to be added very soon.

pps. .... and here it is ....

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 18 KB


Masterrmind............
Master your Mind then Master your Trades
  • #153
  • Mar 6, 2017 1:04am Mar 6, 2017 1:04am
Quoting stevepatt
{quote} Hi Jmn, Yes, I would agree it does help with finding extremes in Market moves. Using the MMLs in conjunction with Market Structure will help with finding turning points. I preferred using this one. {file} {image}
Nice contribution stevepatt. In my view the MM idea is a good structure to build around. It takes a while to see order flow on a naked chart. But with the lines, they sort of frame the picture. I used to use MM also and even had his software for awhile. Like you I eventually just took them off the chart because I started noticing and learning what clusters of wicks did to price action coming from above and below.

In MM parlance trading from 7/8ths to 1/8ths and back is a novel way to use Quantum. Sells at 7/8ths, 8/8ths, +1 and 2/8ths, and hold for the ride down. It's a pretty good idea. You are buying low and selling high, and you're scaling in with a definite stop for the whole position if you are simply just wrong.

It meets every hallmark for a good trading plan.
If you are good at something, never do it for free--Joker
  • #154
  • Mar 6, 2017 1:27am Mar 6, 2017 1:27am
Quoting Soros
{quote} this guy is a joke, demo millionaire, always blowing accounts, jumping into every new thread, posting trades of winners only, hoping noobs come to him to ask him to trade for them, dont fall for his trap
That's kinda harsh Soros. MM has made no attempt to be commercial. Why persecute someone you do not know?
If you are good at something, never do it for free--Joker
  • #155
  • Mar 6, 2017 2:12am Mar 6, 2017 2:12am
Quoting jmn5611
{quote} That's kinda harsh Soros. MM has made no attempt to be commercial. Why persecute someone you do not know?
One only needs to read some of his/her jibberish posting to get a clear picture that he/she is clearly a troll and nothing more.

No commercial agendas here just good old fashioned helping one another to improve.

Now lets gets busy looking for trade setups.

ps. I probably shouldn't say this but the success of other traders is killing him/her ... !

Good trading,

Masterrmind............
Master your Mind then Master your Trades
  • #156
  • Mar 6, 2017 2:19am Mar 6, 2017 2:19am
The pairs I'll be mainly focussed on are as follows:

AUDUSD
EURJPY
EURUSD
GBPAUD
GBPJPY
GBPNZD
GBPUSD
USDJPY

and

Silver
Gold

Unless these 10 instruments offer no real setups in which case I'll search elsewhere.

I think these will keep me busy enough.

Masterrmind...........
Master your Mind then Master your Trades
  • #157
  • Mar 6, 2017 2:22am Mar 6, 2017 2:22am
Something else that I take into account is Daily Range Expectation, how many lines will range be able to push though ?
  • #158
  • Mar 6, 2017 2:28am Mar 6, 2017 2:28am
Potential Setups as follows:

EURUSD [M15]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB


Strong PA by the bulls to the upside.

Masterrmind...........
Master your Mind then Master your Trades
  • #159
  • Mar 6, 2017 2:30am Mar 6, 2017 2:30am
Quoting OAPDave
Something else that I take into account is Daily Range Expectation, how many lines will range be able to push though ?
Yes indeed.

You'll notice the ADR attached to my charts.

It is there for a reason.

Masterrmind..........
Master your Mind then Master your Trades
  • #160
  • Mar 6, 2017 2:33am Mar 6, 2017 2:33am
Quoting Masterrmind
The pairs I'll be mainly focussed on are as follows: AUDUSD EURJPY EURUSD GBPAUD GBPJPY GBPNZD GBPUSD USDJPY and Silver Gold Unless these 10 instruments offer no real setups in which case I'll search elsewhere. I think these will keep me busy enough. Masterrmind...........
Hello MasterMind,

If it's not too much trouble, could you post charts of the trade you are going to take or have taken with the reasoning...

OAPDave was the first person to have introduced me to MM and the gist of his posts were to treat MM Lines as a game jumping from One time Frame to another-->MTF if you will....

Rnsfrd did give me a primer for trading the extremes on a single time frame...

When it comes to MTF-Example: Hitting 5/8 level in Daily and now seeing 4HR charts and price near 8/8 etc etc... along those lines...

Trying to get a framework going, but overwhelmed with the lines and the time frames... Looking to learn from your experience...

Thanks
1 trader viewing now