Murrey Math and Quantum Method | Page 10 | 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

  • #181
  • Mar 6, 2017 3:51am Mar 6, 2017 3:51am
Quoting Masterrmind
{quote} Yes that's similar to how I see it. The trade will need to be managed though with some kind of an expectation for the TP. Initial SL I placed on the top side of the +2/8 MML. Initial TP down near the 6/8 MML. Lets see. Masterrmind............
Hoho
the price move 6/8 level
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 105 KB
Find it The Best Entry Points
  • #182
  • Mar 6, 2017 3:53am Mar 6, 2017 3:53am
Quoting Masterrmind
{quote} Its looking like a retracement for sure. I'll stay in it for the time being as price is nowhere near my stop. ps. Nice work on the +7 pips! Masterrmind...........
I would think at very worst a Breakeven trade now ? are we going to see range expansion ?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDSBM1update.png Size: 55 KB
  • #183
  • Mar 6, 2017 3:59am Mar 6, 2017 3:59am
Quoting heispark
MML Dashboard {image} {file}{file}
Excellent modification.

If you can provide for each pair Change in Pips/Percentage (selection input for both options) from Daily Open, it will add a lot of value and act as a confirmation for ADR/Daily percentage traders as well as those trading on momentum expansion by comparing Currency groups.

You may use the indicator in the link to incorporate in your existing Dashboard.

https://www.forexfactory.com/showthr...59#post9602359
Practice makes a person perfect
  • #184
  • Mar 6, 2017 4:37am Mar 6, 2017 4:37am
Quoting vgyuszko
{quote} Hoho the price move 6/8 level {image}
EU

+36.7 pips.

Ok 1 from 1.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB


Onto the next trade setup.

Masterrmind..........
Master your Mind then Master your Trades
  • #185
  • Mar 6, 2017 4:44am Mar 6, 2017 4:44am
Quoting Masterrmind
{quote} EU +36.7 pips. Ok 1 from 1. {image} Onto the next trade setup. Masterrmind..........
See told you that you would enjoy it here, very good trade sir, 1st of many I hope
  • #186
  • Mar 6, 2017 4:56am Mar 6, 2017 4:56am
Quoting OAPDave
{quote} See told you that you would enjoy it here, very good trade sir, 1st of many I hope
Just need a few more traders to throw up a TE and join the fun.

Only when they are good and ready though.

Not a lot of other trades on the radar from my list.

But I am looking at GA and GJ although I want them to drop abit more.

Masterrmind...........
Master your Mind then Master your Trades
  • #187
  • Mar 6, 2017 5:42am Mar 6, 2017 5:42am
Quoting simnz
{quote} Excellent modification. If you can provide for each pair Change in Pips/Percentage (selection input for both options) from Daily Open, it will add a lot of value and act as a confirmation for ADR/Daily percentage traders as well as those trading on momentum expansion by comparing Currency groups. You may use the indicator in the link to incorporate in your existing Dashboard. https://www.forexfactory.com/showthr...59#post9602359
Sorry, i did not code this indicator. I just found it from the web and posted it in FF.... You may post your request to platform tech threads.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #188
  • Edited 6:24am Mar 6, 2017 6:03am | Edited 6:24am
Thanks for contributions. I'm going to start demo'ing this asap.
Settings for original indicator as per indicated by MasterrMind:

The original indicator Murrey_Math1:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 88 KB


Indicator that I believe OAPDave uses #MurreyMath - TimeFrame rev B:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 56 KB


@OAPDave, what settings do you use to match the results of the original indicator in post #1?


Also I am struggling to get the dash to work. Do I just load it up to any chart or am I missing something?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 34 KB
  • #189
  • Mar 6, 2017 6:34am Mar 6, 2017 6:34am
Quoting johnsmith2nd
Thanks for contributions. I'm going to start demo'ing this asap. Settings for original indicator as per indicated by MasterrMind: The original indicator Murrey_Math1: {image} Indicator that I believe OAPDave uses #MurreyMath - TimeFrame rev B: {image} @OAPDave, what settings do you use to match the results of the original indicator in post #1? Also I am struggling to get the dash to work. Do I just load it up to any chart or am I missing something? {image}
Any indicator that applies the correct MML line segments would be fine.

An mq4 file is better though because you can check the formulas being applied in meta editor otherwise you can't (if only supplied ex4)

I would suggest that you read some of the Murrey math documents towards the start of the thread in terms of typical settings to apply when trading on different TFs.

Try refreshing the Dash a few times or remove it from the chart and reapply it.
Sometimes it plays up and I've looked in the code and noticed a few errors but most of the output (results) appear correct.

Note that the MML Dash applies only a TF and a P setting, it does not have an input setting for MMPeriod or Stepback although one could be coded.

Such a setting would be quite useful since I could match it to my M15 charts as they apply a MMPeriod = 240 NOT 0 as the Dash applies.

This makes a huge difference in terms of location of MMLs.

At the end of the day though the idea will be to seek out major runups of momentum to these extreme levels in the form of large aggressive candles followed by a stall in aggression and signs of strength being trasferred to the other team (bulls to bears or bears to bulls as the case may be).

Masterrmind...........
Master your Mind then Master your Trades
  • #190
  • Mar 6, 2017 6:44am Mar 6, 2017 6:44am
Quoting Masterrmind
{quote} Any indicator that applies the correct MML line segments would be fine. An mq4 file is better though because you can check the formulas being applied in meta editor otherwise you can't (if only supplied ex4) I would suggest that you read some of the Murrey math documents towards the start of the thread in terms of typical settings to apply when trading on different TFs. Try refreshing the Dash a few times or remove it from the chart and reapply it. Sometimes it plays up and I've looked in the code and noticed a few errors but most of the...
Yes I agree M15 TF use H4 (240) MML
Find it The Best Entry Points
  • #191
  • Mar 6, 2017 6:46am Mar 6, 2017 6:46am
EC TF15 MQ 240/725
about this I missed
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 94 KB
Find it The Best Entry Points
  • #192
  • Mar 6, 2017 6:52am Mar 6, 2017 6:52am
GA [M15 Chart]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 45 KB

Note: Check out the fibonacci ratio at the -1/8 level precisely where I'll be looking to get into the market (if price ever makes it there).

This is what I've been patiently waiting for however it is still not in the zone.

The little bounce up from near the 0/8 level was also tempting but I decided a lower drop would be ideal.

No guarantees it will be today in any case ... 1st trading day of the week can be slow at times when there isn't alot of data coming out.

However, PA can come out of nowhere so you need to be aware at all times.

NY Open only about 15 minutes away so lets hope the market moves a little in our favor.

IF not then I am still happy with the 1 trade.

Masterrmind...........
Master your Mind then Master your Trades
  • #193
  • Mar 6, 2017 6:54am Mar 6, 2017 6:54am
Quoting johnsmith2nd
Thanks for contributions. I'm going to start demo'ing this asap. Settings for original indicator as per indicated by MasterrMind: The original indicator Murrey_Math1: {image} Indicator that I believe OAPDave uses #MurreyMath - TimeFrame rev B: {image} @OAPDave, what settings do you use to match the results of the original indicator in post #1? Also I am struggling to get the dash to work. Do I just load it up to any chart or am I missing something? {image}
I stick to my original Murrey Indicator, hence do not use the one posted on page 1, what I do is use Murrey sequence of numbers 4,8, 16 ,32, 64,128,256,512,1024 etc then my aim is to match a number to a timeframe that gives me 15,31 or 62 pips difference between each line, it usually matches by using the though pattern of how many mins in the day, how many 5min in the day, 15min in the day, or how many hours in the week always taking the nearest murrey number to the answer, most of the stuff I read seems to use a broad brush of the number 64, I have no problem with that, just try it out until the chart makes sense to you
  • #194
  • Mar 6, 2017 7:03am Mar 6, 2017 7:03am
If a trader finds another pair with a good setup that is not on my watch list by all means speak up.

I'm willing to trade just about any instrument not only the 10 I'm currently watching.

UJ is an outside chance but I'd need to see it rise about 70 pips before I looked at it so not that likely at the moment.

Market rather quiet at present.

Masterrmind...........
Master your Mind then Master your Trades
  • #195
  • Mar 6, 2017 7:19am Mar 6, 2017 7:19am
CADCHF [M15]

Who would trade this pair UP?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 39 KB


Masterrmind............
Master your Mind then Master your Trades
  • #196
  • Mar 6, 2017 7:19am Mar 6, 2017 7:19am
Missing file
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 20 KB
  • #197
  • Mar 6, 2017 7:32am Mar 6, 2017 7:32am
Quoting Masterrmind
CADCHF [M15] Who would trade this pair UP? {image} Masterrmind............
Not bad, and H4 looks good too.
Only reluctance is weak currency strength at the moment. However I am not sure if this makes a huge amount of difference if you intend to keep the trade for the longer term, and put in your stops. However I would potentially wait for more momentum.

AUDUSD looks in a good position as well, and has a strong currency strength for buy as seen below.
Attached Image

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 56 KB

If you load H4, this shows it breaching the 1/8 and and hopefully making a move back up to 3/8..

Anyone else feeling this?
  • #198
  • Mar 6, 2017 7:34am Mar 6, 2017 7:34am
MML trading its the best for me !
i don t trade chf ,they burnt my alpari account
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDmicroM5.png Size: 63 KB
Click to Enlarge Name: EURNZDmicroDaily.png Size: 74 KB
donīt follow me,you will loose your moneyy
  • #199
  • Mar 6, 2017 7:38am Mar 6, 2017 7:38am
Quoting Deevog
Missing file {image}
Place these in your indicators folder and you'll be good to go.

Attached File(s)
File Type: mq4 Quantum - Stochastic OB_OS.mq4   3 KB | 855 downloads

Attached File(s)
File Type: ex4 Quantum - Stochastic OB_OS.ex4   9 KB | 752 downloads


Masterrmind...........
Master your Mind then Master your Trades
  • #200
  • Mar 6, 2017 7:41am Mar 6, 2017 7:41am
Quoting johnsmith2nd
{quote} Not bad, and H4 looks good too. Only reluctance is weak currency strength at the moment. AUDUSD looks in a good position as well, and has a strong currency strength for buy as seen below. {image} {image} If you load H4, this shows it breaching the 1/8 and and hopefully making a move back up to 3/8.. Anyone else feeling this?
Exactly right!

The pair is that weak currently that making an entry could mean being in it for a longer period of time and certainly not ideal.

Basically it does not fit the general criteria of being a good trade (does not mean it wouldn't go to TP though but the journey might be chaotic.

Leave it alone would be my call unless some positive PA takes hold of it.

Masterrmind...........
Master your Mind then Master your Trades
1 trader viewing now