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Murrey Math and Quantum Method

  • #261
  • Mar 7, 2017 5:18am Mar 7, 2017 5:18am
Yesterday's trade.. on the AUDUSD.
Initiated trade at 1533hrs BUY, based on the currency strength of AUD, weakness of USD
Breaching the 1/8. Positive movementon H4 chart as well. This was a mistake, as price lowered, but thankfully it rallied on open on AUD markets.
I placed a TP at 2/8, which price tested, but did not want to reach. Before it has now dropped down to 1/8 area.
I was lucky and certainly a poor trade I would not want to do again.. Captured 19+ pips

I think what I did wrong was I should have waited for clear move from the 0/8 to the 1/8 for certain. Anyone else see where I went wrong?
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  • #262
  • Mar 7, 2017 5:22am Mar 7, 2017 5:22am
USDCHF M15 - MMP=240.... Another to keep an eye on. Currency strength is good for dollar and low for franc. It's bounched off the +1/8 and looks to test the level again.
On the daily with MMP=1440 price bar has just breached the 6/8 level. Could this head down towards the 5/8ths??
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  • #263
  • Mar 7, 2017 5:29am Mar 7, 2017 5:29am
Quoting OAPDave
We all have a different Risk /Reward tolerance {image} {image} {image} {image} {image} {image} {image}
We certainly do.

At least all my trades are on display putting me in the spotlight.

But that's more than ok with me.

The objective though is to have plenty of positive criticism and move every traders skillset in the forward direction.

I think this thread will be a great place to stay.

Masterrmind............
Master your Mind then Master your Trades
  • #264
  • Mar 7, 2017 5:35am Mar 7, 2017 5:35am
Quoting johnsmith2nd
Yesterday's trade.. on the AUDUSD. Initiated trade at 1533hrs BUY, based on the currency strength of AUD, weakness of USD Breaching the 1/8. Positive movementon H4 chart as well. This was a mistake, as price lowered, but thankfully it rallied on open on AUD markets. I placed a TP at 2/8, which price tested, but did not want to reach. Before it has now dropped down to 1/8 area. I was lucky and certainly a poor trade I would not want to do again.. Captured 19+ pips I think what I did wrong was I should have waited for clear move from the 0/8 to the...
Place the completed order on the chart by clicking + hold and dragging the completed order in Account History Tab to the chart.

This will make it very easy for me and others to see which candle you entered and exited on.

Even better will be to change the Chart TF to M1 and drag the completed order to the chart as far more detail will be provided.

Masterrmind.............
Master your Mind then Master your Trades
  • #265
  • Mar 7, 2017 5:37am Mar 7, 2017 5:37am
GA

Long in the market (pending order triggered)

Masterrmind...........
Master your Mind then Master your Trades
  • #266
  • Mar 7, 2017 6:05am Mar 7, 2017 6:05am
UChf

Now short.

ps. thanks JohnSmith2nd

Masterrmind............
Master your Mind then Master your Trades
  • #267
  • Mar 7, 2017 6:09am Mar 7, 2017 6:09am
Quoting Masterrmind
{quote} Place the completed order on the chart by clicking + hold and dragging the completed order in Account History Tab to the chart. This will make it very easy for me and others to see which candle you entered and exited on. Even better will be to change the Chart TF to M1 and drag the completed order to the chart as far more detail will be provided. Masterrmind.............
Very nice did not know this!!!! Such a noob.
MMP=240...
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  • #268
  • Mar 7, 2017 6:18am Mar 7, 2017 6:18am
Quoting johnsmith2nd
{quote} Very nice did not know this!!!! Such a noob. MMP=240... {image}
That's all good.

That type of journey to TP is certainly not what you would want to take often.

How deep was your stop?

Keep the price scale up the right hand side too its important.

Masterrmind...........
Master your Mind then Master your Trades
  • #269
  • Mar 7, 2017 6:28am Mar 7, 2017 6:28am
UCHF no good signal for my
DRH over the +2/8 level
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Find it The Best Entry Points
  • #270
  • Mar 7, 2017 6:33am Mar 7, 2017 6:33am
Quoting vgyuszko
UCHF no good signal for my DRH over the +2/8 level {image}
I took the short on UChf but on the 2nd test near the +1/8 level on my chart [M15 MMP 240].

Trade is going against me at the moment by about 7 pips but that's ok.

Masterrmind............
Master your Mind then Master your Trades
  • #271
  • Mar 7, 2017 6:54am Mar 7, 2017 6:54am
Quoting rnsfrd
Here price broke the +2/8 line which is why you see my sell order appear to come in at 7/8 line, it just recalculated once it broke, but nonetheless another good trade taken from the 2/8th line. I'm a little baffled as to why this actually works, at least for the last 3 hours that I've been monitoring it (on and off since I'm trying to do homework right now). Compared to indicators like Fractal S/R, and TLB which is my go to, this one seems to get the levels spot on. Kind of shocking too because I've been watching it from about 10 pm est to now,...

hi can i ask you what is the little arrow pointed upwards refering to?
  • #272
  • Mar 7, 2017 6:57am Mar 7, 2017 6:57am
Quoting Masterrmind
{quote} We certainly do. At least all my trades are on display putting me in the spotlight. But that's more than ok with me. The objective though is to have plenty of positive criticism and move every traders skillset in the forward direction. I think this thread will be a great place to stay. Masterrmind............
In my eyes you are a real top guy and I am really glad that you have showed interest in Murrey Maths and in no way shape or form would I ever lay any criticism at any thing you post,, the reason I post is to thank you and show interest by contributing with charts, if you prefer me not to, I will be disappointed but still follow the thread because to me the use of Murrey fits all styles of trading, please keep up your excellent thoughts, posts and trades ps meet Murrey himself once bought is stuff but never understood a word he was on about
  • #273
  • Mar 7, 2017 7:13am Mar 7, 2017 7:13am
Quoting Masterrmind
{quote} I took the short on UChf but on the 2nd test near the +1/8 level on my chart [M15 MMP 240]. Trade is going against me at the moment by about 7 pips but that's ok. Masterrmind............
I am with you on that. So far in the green... However currency strength is letting me down. USD is strengthening against the CHF...
  • #274
  • Mar 7, 2017 7:16am Mar 7, 2017 7:16am
Quoting vgyuszko
What do you think from EN? {image}
for me its longtime
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donīt follow me,you will loose your moneyy
  • #275
  • Mar 7, 2017 7:22am Mar 7, 2017 7:22am
GBPUSD,, hit the daily bottom range, now making a move back up?
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  • #276
  • Mar 7, 2017 7:25am Mar 7, 2017 7:25am
Quoting teatime
{quote} for me its longtime {image}
Find it The Best Entry Points
  • #277
  • Mar 7, 2017 7:40am Mar 7, 2017 7:40am
Quoting vgyuszko
{quote}
i have a little dream
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donīt follow me,you will loose your moneyy
  • #278
  • Mar 7, 2017 7:50am Mar 7, 2017 7:50am
Stopped out... lost 12 pips.

Main issue here was leaving trade open during high risk news... You can see on my chart as soon as news came out price soared... stopping me out.
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  • #279
  • Mar 7, 2017 7:52am Mar 7, 2017 7:52am
Quoting OAPDave
{quote} In my eyes you are a real top guy and I am really glad that you have showed interest in Murrey Maths and in no way shape or form would I ever lay any criticism at any thing you post,, the reason I post is to thank you and show interest by contributing with charts, if you prefer me not to, I will be disappointed but still follow the thread because to me the use of Murrey fits all styles of trading, please keep up your excellent thoughts, posts and trades ps meet Murrey himself once bought is stuff but never understood a word he was on about...
I hope you never stop posting because what you provide is extremely relevant.

You are more than welcome to criticise any trades I make here since they are MML.

Perhaps when I post the completed trade on USDCHF you will have a field day .... its not looking good.

I will have plenty to say on that entry too ... good or bad end result matters not.

Losing is a part of the business but we should all try to limit it as much as possible and learn something from the trade.

Then grow from the experience.

All you traders rock!

Masterrmind...........
Master your Mind then Master your Trades
  • #280
  • Mar 7, 2017 7:55am Mar 7, 2017 7:55am
Quoting johnsmith2nd
Stopped out... lost 12 pips. Main issue here was leaving trade open during high risk news... You can see on my chart as soon as news came out price soared... stopping me out. {image}
Yes a risky one to leave on.

My stop is up above the +2/8 level but I'll be adding a loser to the tally very soon I imagine.

Plenty of commentary to come after this trade closes out including a very mediocre entry.

Masterrmind.............
Master your Mind then Master your Trades
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