Murrey Math and Quantum Method
Very tempted to short EURCAD even though the trade started off without me. But I'll wait until a few minutes inside London Open before I open a trade (if I do). Lower lots if I trade it. Masterrmind............
{quote} Impact on AU M15 Chart as MML level -2/8 was breached causing a reset. {image} The reset has now placed what was the -2/8 level @ 2/8 level a jump up the order of 4 MML levels. Not sure I like this outcome but I understand why it does it based on the period. How best to manage trades that are currently running from a strict MML side when the MML has been reset. Masterrmind...........
{quote} I may be way off the mark but this is how I view the chart shift , I view them as being 2 moving averages , if you put enough data on your chart you will capture the last chart shift , if its down that tells me the bigger trend is down and I should be selling any rallies, (pullback in a trend) if we get back up to +2/8 we are back to the original chart shift hence are we going to see the trend resume back in the original, the only problem in not seeing this thought clear is, Murrey/Gann use a Perfect square of Time & Price and that's what...
{quote} I appreciate your response. I'll dig a little deeper into Gann etc. Masterrmind............
Hi, USDJPY Indicators: Murrey Math : P=64, MM=240 Quantum : eintDepth=60 attaching H4 H1 M5 M1 time frames ( JPY News coming in 20 min and another in 30 min ) ..just posting this interesting situation.. Inpact:Low 0:50 JPY M2 Money Stock y/y Act:4.2%, Fc:4.2%, Prev:4.1% Impact:Low 1:00 JPY Average Cash Earnings y/y Act:0.5%, Fc:0.3% Prev:0.5% <- revised from 0.1 next news : Impact:Low 7:00 JPY Prelim Machine Tool Orders y/y Act:9.1% ( No forecast ) Prev:3.5% reataching images after one hour marked the news with Light Blue vertical lines: H4 {image}...
{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}
{quote}.... The logic could be coded into your Staxis version EA or as a separate script. Something to think about at least. Masterrmind...........
{quote} Yes, these ideas are gradually embodied in the adviser. Currently, the PivotEnvelopes indicator is developed and built-in. I think the time will come and the Murray levels. In my own version of the Expert Advisor, several more levels are used. If these levels include everything at once, then they allow the expert to work in a volume of 0.2-0.5 on the account to $ 1000. But transactions for the year 20-40 total profit of 2000-4000 $ on the initial $ 1000.
