Murrey Math and Quantum Method

Quoting johnsmith2nd

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{quote} 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..... {image}

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Quoting vgyuszko

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{quote} Hi Genry 05! Please read my thhread ,I count on your experience! https://www.forexfactory.com/showthread.php?t=642648 MQ Method THX!

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Quoting Genry_05

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{quote} Thank you, I will definitely look! In my advisor, I use these levels for about half a year, But they did not
become basic, at the same time - quite useful.

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Quoting Genry_05

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{quote} {quote} Hi vgyuszko ! Thanks for the invitation ! I looked through the forum. You are developing the project and finding the best solutions. I told about your forum thread in the Russian forum. Perhaps there will be new like-minded people. I wish you success!

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Quoting Masterrmind

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Quantum with MML Observation only (I am not trading this setup). {image} Plan is to simply allow it to unfold quietly in the background and see what happens. Whether or not the outcome is favorable does not prove anything one way or the other but it will give me something to think about. It would not suprise me if the AU pair dropped back down to retest the lows again before charging up. Option to simply open Quantum trades between the -1/8 to -2/8 zone which would mean that no entries would be currently open. It should be noted that when price...

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Quoting Masterrmind

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{quote} AU [Quantum with MML] Update {image} EA Advisor logic design to be added to QLT v1.6.1 Start Trading Quantum cycle if 1. Allow trading if current price <=[0/8]P && >=[-2/8]P based on MML indicator user input settings eg P=64, MMP=240 (EA gets indi settings) 2. SL placement: Set Trade #1,2,3,...N SL = [-2/8]P - MML Gap, [-2/8]P-MML Gap-5 pips, [-2/8]P-MML Gap-10 pips,... etc] 3. TP placement: @ [1/8]P, [2/8]P, .... etc and with or without trailing logic. 4. Allow trading if current price >=[8/8]P && <=[+2/8]P based on MML indicator user input...

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Quoting Masterrmind

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MML Dashboard Watchlist [64 @ H4] Currency pairs: AUDUSD = look for a long setup CADCHF = look for a long setup USDCAD = look for a short setup USDJPY = look for a short setup USDTRY = look for a short setup USDZAR = look for a short setup CFDs: Nothing on the radar at present. This is now the Asian session so be careful jumping straight in as the trades are unlikely to be high probability setups but there are exceptions. Masterrmind...........

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Quoting simnz

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{quote} Hi Masterrmind Please advise what TF and settings for MML n Quantum applied to compile this watchlist? Thank you

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Quoting Masterrmind

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{quote} AU [Quantum with MML] Update {image} EA Advisor logic design to be added to QLT v1.6.1 Start Trading Quantum cycle if 1. Allow trading if current price <=[0/8]P && >=[-2/8]P based on MML indicator user input settings eg P=64, MMP=240 (EA gets indi settings) 2. SL placement: Set Trade #1,2,3,...N SL = [-2/8]P - MML Gap, [-2/8]P-MML Gap-5 pips, [-2/8]P-MML Gap-10 pips,... etc] 3. TP placement: @ [1/8]P, [2/8]P, .... etc and with or without trailing logic. 4. Allow trading if current price >=[8/8]P && <=[+2/8]P based on MML indicator user input...

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Quoting Genry_05

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{quote} Thank you, I will definitely look! In my advisor, I use these levels for about half a year, But they did notbecome basic, at the same time - quite useful.

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Quoting Masterrmind

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AU {image} Current long was entered @ MML -2/8. After reset its @ MML 2/8 I'm afraid the Murrey ideology is starting to show its faults. I see that the PA across the chart is more important than any Murrey line because once they change they are actually presenting the trader with another different and distinct set of rules of engagement. Its as simple as this: 1. Consider the trade entry criteria for a MML = -2/8 2. Now consider an entry for a MML = 2/8 All that occurred was a small breakout below the lows of the -2/8 MML. And all of a sudden I...

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Quoting Genry_05

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{quote} {quote} Great analysis, Masterrmind! On the screen - the implementation of the TP2 from your screen to AUDUSD. Unfortunately, the mtfRSI indicator did not confirm other minima to the right of the entry point. Now there is only one order for the buy. Quantum for Entry = 80 Quantum for Close = 260 P_Murrey = 128 TF_Murrey - m5 {image} {image}

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Quoting stevepatt

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{quote} Hi Mastermind, It was the re-setting that pushed me into dropping them and eventually using the .500 / .800 /.000 /.200 numbers, because they are constant, and Market Structure. I found it better to use the (-1/8) (-2/8) (+1/8) (+2/8) on the H1 and above TFs and Trade those Levels on the Lower TFs. All I was essentially doing was to Trade the Extremes of the Higher TFs.

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Quoting watsone

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Hi all,been following the thread now for a couple of days,i have watched Tarantula's video on MM only to discover he's using Camarilla pivot points,i see your beginning to have doubts now Masterrmind,maybe going off topic but be interested to hear your thoughts and others on the virtues or otherwise of both systems

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Quoting vgyuszko

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{quote} 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 {image}

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