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Murrey Math and Quantum Method

  • #201
  • Mar 6, 2017 7:43am Mar 6, 2017 7:43am
Quoting teatime
MML trading its the best for me ! i don t trade chf ,they burnt my alpari account {image} {image}
Strange!

I heard that a few brokers got hit hard too ....

Ok ... moving right along then ... hehe.

Masterrmind...........
Master your Mind then Master your Trades
  • #202
  • Mar 6, 2017 8:09am Mar 6, 2017 8:09am
Quoting OAPDave
{quote} 1 min chart using Murrey 1024 (nearest murrey number to equal mins in the day) {image}
I am sure that eventually I will make my way down to trading the lower TFs in MML.

Even if the trades yield only 10 or so pips it is still gold especially if that reversal is aggressive and the TP gets hit fast.

Nice chart showing the 1024 on an M1 TF.

Masterrmind............
Master your Mind then Master your Trades
  • #203
  • Edited 8:28am Mar 6, 2017 8:18am | Edited 8:28am
AUDNZD is rallying up towards the 7/8. If it breaches this level and moves towards 8/8, can we expect a reversal??
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 64 KB
  • #204
  • Mar 6, 2017 8:31am Mar 6, 2017 8:31am
Quoting johnsmith2nd
AUDNZD is rallying up towards the 7/8. If it breaches this level and moves towards 8/8, can we expect a reversal?? {image}
???? which setting are you using for MML?
In my chart +2/8 level is updated....
https://i.gyazo.com/3820ef7a5ebb9243...bc57de50e5.png
  • #205
  • Mar 6, 2017 8:36am Mar 6, 2017 8:36am
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...
BOOM! Lots of systems out there. The ones that work follow very specific rules.
If you are good at something, never do it for free--Joker
  • #206
  • Mar 6, 2017 8:37am Mar 6, 2017 8:37am
Quoting johnsmith2nd
AUDNZD is rallying up towards the 7/8. If it breaches this level and moves towards 8/8, can we expect a reversal?? {image}
Nice call.

Lets hope it pushes up nice and high and then drops like a rock over the dge of a deep cliff.

Not likely but I think you get my enthusiasm.

Not far away from going to sleep so lets see if it moves enough and fast enough.

Masterrmind............
Master your Mind then Master your Trades
  • #207
  • Mar 6, 2017 8:37am Mar 6, 2017 8:37am
Quoting cescof
{quote} ???? which setting are you using for MML? In my chart +2/8 level is updated.... {image}
Strange... No idea what is going on here.
I'm using settings Masterrmind has suggested. I have reloaded indi and it shows same levels.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB
  • #208
  • Mar 6, 2017 8:37am Mar 6, 2017 8:37am
Quoting jmn5611
{quote} BOOM! Lots of systems out there. The ones that work follow very specific rules.
Beginners luck my friend.

Masterrmind........
Master your Mind then Master your Trades
  • #209
  • Mar 6, 2017 8:39am Mar 6, 2017 8:39am
Attached File(s)
File Type: doc Key Functions that predict market reversals in MMTF.doc   29 KB | 656 downloads
Attached File(s)
File Type: doc lessons.doc   374 KB | 508 downloads
Attached File(s)
File Type: doc Murray Math line description.doc   229 KB | 553 downloads
Attached File(s)
File Type: doc MurreyMathsys1.doc   87 KB | 540 downloads
Attached File(s)
File Type: doc MurreyMathsys2.doc   362 KB | 448 downloads
Attached File(s)
File Type: pdf Mury maths.pdf   167 KB | 699 downloads
Attached File(s)
File Type: doc The Rules of MurreyMath simplified.doc   25 KB | 621 downloads
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #210
  • Mar 6, 2017 8:40am Mar 6, 2017 8:40am
Quoting cescof
{quote} ???? which setting are you using for MML? In my chart +2/8 level is updated.... {image}
We are using M15 TF.

Perhaps you are using H1.

Masterrmind.........
Master your Mind then Master your Trades
  • #211
  • Mar 6, 2017 8:40am Mar 6, 2017 8:40am
Quoting heispark
{file}{file}{file}{file}{file}{image}{file}
Legend!

Masterrmind...........
Master your Mind then Master your Trades
  • #212
  • Mar 6, 2017 8:41am Mar 6, 2017 8:41am
Quoting Masterrmind
{quote} Beginners luck my friend. Masterrmind........
Nah, eventually you will get a move that pushes on past +2/8 ths. The math is still in your favor if you set your targets to the bottom of the frame. Just my view.
If you are good at something, never do it for free--Joker
  • #213
  • Mar 6, 2017 8:42am Mar 6, 2017 8:42am
Quoting Masterrmind
{quote} Legend! Masterrmind...........
I second that.
If you are good at something, never do it for free--Joker
  • #214
  • Mar 6, 2017 8:46am Mar 6, 2017 8:46am
Quoting Masterrmind
{quote} Nice call. Lets hope it pushes up nice and high and then drops like a rock over the dge of a deep cliff. Not likely but I think you get my enthusiasm. Not far away from going to sleep so lets see if it moves enough and fast enough. Masterrmind............
There is a chance it does not hit the 8/8.. and it decides to go down after hitting the 7/8 mark... right?
What will be the deciding factor that would mean you enter a sell trade from the 7/8 going down to possibly 5/8 - top of trading range..?

Basically, when do you know when to wait for it to hit the 8/8 or when do you decide to sell after it hit's the 7/8..?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB
Attached File(s)
File Type: pdf MurreyMath Rules.pdf   118 KB | 635 downloads
  • #215
  • Mar 6, 2017 8:57am Mar 6, 2017 8:57am
Quoting jmn5611
{quote} Nah, eventually you will get a move that pushes on past +2/8 ths. The math is still in your favor if you set your targets to the bottom of the frame. Just my view.
One technique I'll be looking to apply under the right conditions is to lock in profit at say BE + next level but only after price has moved to the 2nd level.

For example, if I shorted EU at +1/8 I'd move the stop to 8/8 once price hits 7/8.

This approach will work fine on a teending pair to the downside without whipsaw activity.
Ony problem is no-one knows how the PA will trace out over time.

But if I have 1 level of profit locked in I'm not going to be too disappointed.

Masterrmind...........
Master your Mind then Master your Trades
  • #216
  • Mar 6, 2017 9:01am Mar 6, 2017 9:01am
ENZD go to Daily Range High
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 95 KB
Find it The Best Entry Points
  • #217
  • Mar 6, 2017 9:03am Mar 6, 2017 9:03am
Quoting Masterrmind
{quote} We are using M15 TF. Perhaps you are using H1. Masterrmind.........
Looking at the chart i requote it was clearly tf 1h .....
  • #218
  • Mar 6, 2017 9:07am Mar 6, 2017 9:07am
Lets keep calm guys we do not have to look to allways reverse a move, anyone remember the 3 (d, w 15min) charts of the AN I posted last night well here are 2 more to make the set up Monthly with a M128 over 10years and a weekly with a M128 these are for the big boys but it will at least give you the idea that WE CAN jump on the trend some times
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDNZDSBMonthly.png Size: 74 KB
Click to Enlarge Name: AUDNZDSBWeekly.png Size: 83 KB
  • #219
  • Mar 6, 2017 9:09am Mar 6, 2017 9:09am
Quoting johnsmith2nd
{quote} There is a chance it does not hit the 8/8.. and it decides to go down after hitting the 7/8 mark... right? What will be the deciding factor that would mean you enter a sell trade from the 7/8 going down to possibly 5/8 - top of trading range..? Basically, when do you know when to wait for it to hit the 8/8 or when do you decide to sell after it hit's the 7/8..? {image} {image}
The MML has plenty of literature on this however I would say that any trade taken away from the extremes will have a higher degree of risk attached to it.

I have been looking at taking trades in the internal structure of the MML because I'm a PA trader so I see opportunity.

I would look for a push up to the level (for example taking a short) and a rejection and a transfer of strength to the bears however I would apply a much tighter stop than at the extemities due to the perceived higher trading risk.

An alternative is to enter under ideal conditions as stated above but to trade in the UP direction when above 4/8 and in the down direction when below the 4/8.

There are multiple options to this and the chart structure is something I would analyse thoroughly ... the trade could still lose though but I'd be willing to accept that if I made the entry.

When I take an internal MML trade I will do my best to explain my entry criteria and thought process (whether the trade ends up hitting TP or not).

I tend to also look for reasons why the trade should not be entered and if I cannot find any reason then I may enter the trade if there is some minor doubt what I do is reduce the risk by applying both a smaller stop and definitely a smaller lot size.

Discretionary entries are sure to enter the traders arena so sometimes the trader has to come up with reasons to enter or not to enter above and beyond any rules.

Rules are simply a general guideline and they do not apply to all situations ... not even close.

Masterrmind............
Master your Mind then Master your Trades
  • #220
  • Mar 6, 2017 9:14am Mar 6, 2017 9:14am
Daila Range Calculator ;if someone need it
i found it at 2 SMA trading thread ,thank you expert 123

https://www.forexfactory.com/attachm...4&d=1488758335
donīt follow me,you will loose your moneyy
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