Current Watch List EURUSD NZDJPY More to come later. EURAUD EURCHF NZDCHF Masterrmind...........
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} Agreed on the E/U well worth keeping an eye on shame its a Friday {image} {image}
Another reason I left the slower pairs alone and hit the EA pair that can move along a bit at times.
Lets see!
Masterrmind...........
Master your Mind then Master your Trades
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
EURAUD Now short. {image} Note 1: Liked the setup on EA otherwise I would have sought to spread the risk by entering additional pairs at reduced lot size. Note 2: If I view another entry as very very favorable then I may apply an entry at 0.5 lots otherwise it will be the 1 trade only today. Masterrmind..........
Never a guarantee that I'm right and hence the reason for the stop!
Masterrmind..........
Master your Mind then Master your Trades
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
EURAUD Now short. {image} Note 1: Liked the setup on EA otherwise I would have sought to spread the risk by entering additional pairs at reduced lot size. Note 2: If I view another entry as very very favorable then I may apply an entry at 0.5 lots otherwise it will be the 1 trade only today. Masterrmind..........
Bulls showing some interest.
I'll be watching the 1.42 handle to see if it gets broken with aggression and if so I may close out the trade for a small loss.
It could just be a retest of the most recent highs so nothing to be worried about just yet.
Observation time!
Masterrmind..........
Master your Mind then Master your Trades
- Joined Jan 2017 | Status: Member | 530 Posts
{quote} EA - update Bulls showing some interest. {image} I'll be watching the 1.42 handle to see if it gets broken with aggression and if so I may close out the trade for a small loss. It could just be a retest of the most recent highs so nothing to be worried about just yet. Observation time! Masterrmind..........
Cheers
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} EA - update Bulls showing some interest. {image} I'll be watching the 1.42 handle to see if it gets broken with aggression and if so I may close out the trade for a small loss. It could just be a retest of the most recent highs so nothing to be worried about just yet. Observation time! Masterrmind..........
+4.9 pips
PA not very favorable so I closed it out once in profit before it had a chance to attempt a higher push once again.
Not getting caught up in a larger DD trade and being the last trading day of the week is reason enough to close it out based on what PA has shown.
Masterrmind............
Master your Mind then Master your Trades
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} Out of curiosity, which EA is that? There's been a few versions posted, variants of the QLTs... Cheers
I use it to manage the visible and hidden stops and TPs.
Its a trailing Expert and nothing more than that.
Masterrmind..........
Master your Mind then Master your Trades
- Joined Nov 2007 | Status: Member | 3,056 Posts
{quote} The best part of the cycle drawing tool is once the starting date is confirmed then you can run it out covering multiple 16, 32, 64 or whatever Trading Frame days your heart desires. Masterrmind...........
gann said each instrument has its own "vibration"
maybe a more advanced "fractal" is needed?
can that thing made into a murrey math type of indicator >>>>
https://www.forexfactory.com/showthr...73#post8397673
https://www.forexfactory.com/showthr...ic#post8397682
there is the code for the obtaining the "vedic" quantum numbers from price
so all that is needed is the code for making the levels, lines like the murrey lines 9or would it be circles?) but based on the rodin fractal
similar to Murrey Math because it is fractals but based on something that is supposedly a naturally occurring fractal
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
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...
The following chart will provide a clear enough answer.
Initial post is #138 for reference.
Note 1: MML labels have reset since initial posting.
Note 2: Quantum applied to the initial and final charts was 2000 for entry and exit.
Note 3: If using Q=2000 as an exit TP for every trade opened the TPs had a range from 120 to 200 pips each.
Note 4: SL @ -3/8 MML missed by a sizable distance
Note 5: A pure Quantum cycle could have been traded in this example without any MML considerations whatsoever.
Note 6: However, the MML levels on a H4 and P=64 setting did offer some form of confirmation that price was indeed oversold.
Note 7: Considering HTF MML + Quantum setups might be ideal for those keen on limited chart time and bigger pip counts.
ps. This setup was not traded by the way only observed throughout.
pps. But I will be looking to trade them very very soon.
Masterrmind...........
Master your Mind then Master your Trades
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} Thank you for all the Charts and effort you are sharing looking to get the best out of Murrey find your posts and ideas top draw
Input from all interested parties is what gets the job done.
Masterrmind............
Master your Mind then Master your Trades
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} What I was trying to say in my last post (633) was that in the Murrey I use XARD777 he as a button marked beginner and if you set it or indeed leave it as default to 0 it will automatically give the Murrey number best fit for the timeframe that you are looking at, so all I do is punch in the period length and the programme does the rest, this way it does not force fit a 64 to all timeframes or conditions, sorry for any confusion with my last post
Criteria might include:
1. Events where the +- 2/8 MML extreme levels actually held price.
2. Events where the +- 2/8 MML extreme levels did not hold price.
3. Liklihood of winning reversal setups to at least the next MML level, to the 2nd MML level, to the 3rd MML level, 4/8 etc etc (in the direction of TP).
I wonder if any trader has performed a backtest similar to the above so that some type of confidence in a reversal on a given setting is known.
Ofcourse no amount of backtesting can give full confidence moving forward but it does at least offer a statistical view.
What I would like to know is for example, on the GBPUSD pair what is the probability using an MML setting of 64, H4 that a short or a long trade based on either + or - 2/8 MML level that price will hit the 8/8, 7/8, 6/8 MML or 1/8, 2/8, 3/8 etc
ps. It would be nice to see the calculations in the code (of xard777) that perform the best fit operation ... is it available?
Masterrmind............
Master your Mind then Master your Trades
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Or a trader could be patient .....
Wait for a push up high by the bulls ....
Wait for formation of a neat pin bar ...
Then nail a short entry with TP at the next lower MML level which is 7/8 in this case.
Gold shows an example of an easy shorting setup however it is taken from the 8/8 MML on an M15 TF P=64, MMP=240.
One issue though is actually being present and watching the setup unfold on the chart and then being able to watch multiple setups.
Masterrmind............
Wait for a push up high by the bulls ....
Wait for formation of a neat pin bar ...
Then nail a short entry with TP at the next lower MML level which is 7/8 in this case.
Gold shows an example of an easy shorting setup however it is taken from the 8/8 MML on an M15 TF P=64, MMP=240.
One issue though is actually being present and watching the setup unfold on the chart and then being able to watch multiple setups.
Masterrmind............
Master your Mind then Master your Trades
- Joined Jan 2015 | Status: Member | 4,344 Posts
Or a trader could be patient ..... Wait for a push up high by the bulls .... Wait for formation of a neat pin bar ... Then nail a short entry with TP at the next lower MML level which is 7/8 in this case. Gold shows an example of an easy shorting setup however it is taken from the 8/8 MML on an M15 TF P=64, MMP=240. {image} One issue though is actually being present and watching the setup unfold on the chart and then being able to watch multiple setups. Masterrmind............
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,614 Posts
{quote} What happened to the longer term MML + quantum setup on the AUDUSD M15 pair? The following chart will provide a clear enough answer. Initial post is #138 for reference. {image} Note 1: MML labels have reset since initial posting. Note 2: Quantum applied to the initial and final charts was 2000 for entry and exit. Note 3: If using Q=2000 as an exit TP for every trade opened the TPs had a range from 120 to 200 pips each. Note 4: SL @ -3/8 MML missed by a sizable distance Note 5: A pure Quantum cycle could have been traded in this example without...
especially overbought and oversold areas..