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Murrey Math indicator is very useful in Forex 68 replies

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Attachments: Murrey Math and Quantum Method
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Murrey Math and Quantum Method

Quoting simnz
{quote} Any particular criteria for selecting pairs for focus?
The price
above 8/8 and Daily Range High in +1/8 / +2/8 zone
under 0/8 and Daily Range Low in -1/8 / -2/8 zone
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Find it The Best Entry Points
Long CADCHF

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Stops and TPs may be adjusted.

ps. I'm not a fan of the CAD pairs so lets see how we go.

Masterrmind...........
Master your Mind then Master your Trades
What is everyone else up too?

Fairly quiet I must say ... hmmm

Masterrmind............
Master your Mind then Master your Trades
Uk Budget so very quiet took a small position in GJ very poor entry needed a toilet roll for my stop but might be ok now Hammond is speaking
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GN

+5.3pips

Trade was going no where.

Next!

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

+2.4 pips

Closed out for a couple of pips.

Not moving the way I expected it too so I got out early.

Now lets find a good trade somewhere......

Masterrmind.............
Master your Mind then Master your Trades
Think I got lucky
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UJ

Short it??

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Risky business considering the data release.

Masterrmind...........
Master your Mind then Master your Trades
just enter this trade will see MM period 240 on 15M chart
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Every day there is chances
UJ
MQ 240/725
DRH good zone,I trade also manulal sl +2/8,tp open
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Find it The Best Entry Points
just now i open all of these will see after some time
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Every day there is chances
Quoting OAPDave
Think I got lucky {image}
Looking back on my trade perhaps I should have monitored in the 1 min timeframe could have nicked a few more pips ?
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Quoting OAPDave
{quote} Looking back on my trade perhaps I should have monitored in the 1 min timeframe could have nicked a few more pips ? {image}
hi, u use 1M chart but what about MM do use 1H or 4H. thanks
Every day there is chances
Quoting Eng.JMD
{quote} hi, u use 1M chart but what about MM do use 1H or 4H. thanks
I look at ALL timeframes from a Monthly down to a 1 minute I have a combination of different Murrey numbers that I use ( I have posted previous ) for 1 minute the chart is showing a Murrey of 1024, I use the version for dummies (xard 777) it suits me, not the one on page 1 which also does the trick
Quoting Masterrmind
UJ Short it?? {image} Risky business considering the data release. Masterrmind...........
You will be trading news reaction to UK budget, however levels are levels and it seems that price is now dropping, question is will it drop to same levels as before.

With budget forecast it may generally give a bullish sentiment to GBP, but not sure if we will see this on a m15 chart immediately. There is much fundamentals involves than a single budget statement.
Quoting OAPDave
{quote} I look at ALL timeframes from a Monthly down to a 1 minute I have a combination of different Murrey numbers that I use ( I have posted previous ) for 1 minute the chart is showing a Murrey of 1024, I use the version for dummies (xard 777) it suits me, not the one on page 1 which also does the trick
That one is my favorite too. I did not post a copy because the OP has not said we could.
If you are good at something, never do it for free--Joker
Quoting jmn5611
{quote} That one is my favorite too. I did not post a copy because the OP has not said we could.
Agreed, I no the one posted does the same job but I like it as I can just put any number straight in that makes sense to me, cannot see that the OP would object after all they should both do the same job, worth the ask, 1024 seems to be doing ok on the GJ trade
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Watchlist
EURNZD..M15..
Resistance level at 1.52366.. If price drops beyond this, I will look to short and TP at +1/8 or follow trade back down.
This is despite an upwards trend in the last day, I think accordint to the MML it's reaching it's maximum and PA is sidewards...
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AUDUSD..M15
Resistance zone at 0.75477... If price breaches, I will look to go long, and TP at 0/8. Again despite the downwards trend, Murrey levels oversold.
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Thoughts?
Quoting johnsmith2nd
Watchlist EURNZD..M15.. Resistance level at 1.52366.. If price drops beyond this, I will look to short and TP at +1/8 or follow trade back down. This is despite an upwards trend in the last day, I think accordint to the MML it's reaching it's maximum and PA is sidewards... {image} AUDUSD..M15 Resistance zone at 0.75477... If price breaches, I will look to go long, and TP at 0/8. Again despite the downwards trend, Murrey levels oversold. {image} Thoughts?
Hi, can I ask you have you a polite question, have you looked at these 2 pairs in any other timeframe a part from 15 min ?
Quoting OAPDave
{quote} Hi, can I ask you have you a polite question, have you looked at these 2 pairs in any other timeframe a part from 15 min ?
Okay... I don't know what's going on here, but my MML's have now re-drawn on EURNZD and on M15, shows price at 5/8ths...

As for AUDUSD, H4 shows price at -1/8 for me. the only issue is Daily shows price between 3/8 and 4/8ths in the normal trading range..

This is definitely a head scratcher to know if my lines are even correct or not.....
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