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Murrey Math and Quantum Method

  • #441
  • Mar 13, 2017 3:23am Mar 13, 2017 3:23am
Quoting Masterrmind
{quote} I also read that the yearly Trading Frame resets on the same date that US Treasury Bonds get auctioned in the first week of October. Considering that the MML levels are determined in a progressive that is to say forward direction it makes me wonder if these MML indicators are calculating the lines correctly or incorrectly since I think they consider x_periods back from the current bar. I'll take an indepth look at the calculations being applied in the indicators to see if they are accurate or not. To test out a method one needs to be applying...
Agreed but I am seeing a whopping 10 pip spread
  • #442
  • Edited 4:13am Mar 13, 2017 3:38am | Edited 4:13am
Quoting Masterrmind
{quote} Very nice work. Makes you think about taking every blue long (tempting huh) for a massive gain from a Q long cycle? Masterrmind...........
Only the OB OS
EJ I look forward to rebound(l see late)
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  • #443
  • Mar 13, 2017 4:35am Mar 13, 2017 4:35am
look ECHF circa 30+40=70 pip
TP1 8/8 (BE)
TP2 Q240
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  • #444
  • Mar 13, 2017 5:16am Mar 13, 2017 5:16am
Quoting OAPDave
{quote} Agreed but I am seeing a whopping 10 pip spread
Spread that high can mean only one thing ... do not touch that pair.

I have a spread analyzer tool that plots out spread and GN during the Asian session averages 6 pips, London 4 pips and similar during NY until nearer the end where it increases again.

The only good thing about GN is when you get into a good trending entry it can really start gathering up the pips.

Masterrmind...........
Master your Mind then Master your Trades
  • #445
  • Mar 13, 2017 5:18am Mar 13, 2017 5:18am
Quoting vgyuszko
{quote} Only the OB OS EJ I look forward to rebound(l see late) {image}
Yes EJ maybe much later.

The chart of EJ was only to show the cycle lines for multiple days.

Masterrmind...........
Master your Mind then Master your Trades
  • #446
  • Mar 13, 2017 5:32am Mar 13, 2017 5:32am
Quoting Masterrmind
{quote} Spread that high can mean only one thing ... do not touch that pair. I have a spread analyzer tool that plots out spread and GN during the Asian session averages 6 pips, London 4 pips and similar during NY until nearer the end where it increases again. The only good thing about GN is when you get into a good trending entry it can really start gathering up the pips. Masterrmind...........
Took a Sell in GJ way to late as not at my screen S @ 139.98 Target 139.65 so I have now locked in a Breakeven trade, Fridays bar shows rejection of the Daily 2/8ths
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  • #447
  • Mar 13, 2017 5:48am Mar 13, 2017 5:48am
Long GU off 0/8 M15 64 H4

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Looking to TP around 1/8 or preferably higher.

Masterrmind...........
Master your Mind then Master your Trades
  • #448
  • Mar 13, 2017 5:50am Mar 13, 2017 5:50am
Quoting OAPDave
{quote} Took a Sell in GJ way to late as not at my screen S @ 139.98 Target 139.65 so I have now locked in a Breakeven trade, Fridays bar shows rejection of the Daily 2/8ths {image} {image}
Nope stopped out +3 thought it might break and hold 4/8ths now trading inside trading range so might whipsaw all over the place
  • #449
  • Mar 13, 2017 5:59am Mar 13, 2017 5:59am
GA Daily chart M 1440
Tp 4/8 pivot?
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  • #450
  • Mar 13, 2017 6:03am Mar 13, 2017 6:03am
Quoting OAPDave
{quote} Nope stopped out +3 thought it might break and hold 4/8ths now trading inside trading range so might whipsaw all over the place
GJ can whipsaw all over the place just like its other friends GA and GN.

A BE + a few is still a winner.

Well done!

Masterrmind.........
Master your Mind then Master your Trades
  • #451
  • Mar 13, 2017 6:04am Mar 13, 2017 6:04am
Quoting vgyuszko
GA Daily chart M 1440 Tp 4/8 pivot? {image}
Yes looks ok for a long.

Masterrmind..........
Master your Mind then Master your Trades
  • #452
  • Mar 13, 2017 6:48am Mar 13, 2017 6:48am
Quoting Masterrmind
{quote} Yes looks ok for a long. Masterrmind..........
GU

+10.1 pips

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Masterrmind...........
Master your Mind then Master your Trades
  • #453
  • Mar 13, 2017 6:54am Mar 13, 2017 6:54am
Quoting Masterrmind
{quote} GU +10.1 pips {image} Masterrmind...........
Well Done
  • #454
  • Mar 13, 2017 6:56am Mar 13, 2017 6:56am
Quoting OAPDave
{quote} Well Done
The nasty M15 candle prior to exit was a good enough reason to get out of the trade early.

If PA drops down nearer the 0/8 level I will look to long GU again.

Masterrmind.............
Master your Mind then Master your Trades
  • #455
  • Mar 13, 2017 6:59am Mar 13, 2017 6:59am
Quoting Masterrmind
Long GU off 0/8 M15 64 H4 {image} Looking to TP around 1/8 or preferably higher. Masterrmind...........
Nice move. Once price breaks through M30 resistance I'd be looking to join in!
Just standby for Draghi's speech in a few hours!!
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  • #456
  • Mar 13, 2017 7:05am Mar 13, 2017 7:05am
GN

Now short off the +1/8 level.

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Masterrmind...........
Master your Mind then Master your Trades
  • #457
  • Mar 13, 2017 7:08am Mar 13, 2017 7:08am
Quoting johnsmith2nd
{quote} Nice move. Once price breaks through M30 resistance I'd be looking to join in! {image}
Nice to hear you spotted the resistance.

I saw that with my eyes by simply watching PA react to the levels not only at MML but within chart structure.

Not to mention the aggressive M15 GU candle prior to exit that gave out a big clue about resistance level.

Its one thing to get into a trade by a good entry but another thing entirely to manage it.

No-one is 100% right all the time so my first loss is just around the corner ...

Masterrmind...........
Master your Mind then Master your Trades
  • #458
  • Mar 13, 2017 7:29am Mar 13, 2017 7:29am
Range around 90pips any more left ?
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  • #459
  • Mar 13, 2017 7:44am Mar 13, 2017 7:44am
Quoting OAPDave
Range around 90pips any more left ? {image}
I'm looking for price to drop down to near the 1.22 handle and then look to go long.

Thats another 25 pips from current price levels.

Range wise its almost at the limit but limits can be exceeded ... proceed with caution.

If I get the opportunity to enter at a better price I can get out for about a 20-30 pip TP all being well.

Thats the logic anyway.

Masterrmind...........
Master your Mind then Master your Trades
  • #460
  • Mar 13, 2017 7:57am Mar 13, 2017 7:57am
AU long
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