Find it The Best Entry Points
Murrey Math and Quantum Method
- #702
- Mar 30, 2017 2:29am Mar 30, 2017 2:29am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
NJ
Also on my radar
Masterrmind............
Also on my radar
Masterrmind............
Master your Mind then Master your Trades
- #703
- Mar 30, 2017 2:49am Mar 30, 2017 2:49am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
NJ Also on my radar {image} Masterrmind............
Now long about 15 minutes prior to London Open .... hmmm.
Only really looking to TP at the next MML level up so about 30 or so pips.
Lets see!
Masterrmind............
Master your Mind then Master your Trades
- #704
- Mar 30, 2017 2:51am Mar 30, 2017 2:51am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Watching the following M15 charts at the moment: Gold {image} DE30 {image} GN {image} Note 1: GN is on the backburner for the time being but I am monitoring it even though its currently midway between +1/8 and 8/8 MMLs it can move very fast when it wakes up. Note 2: The AUDCHF trade is still running with close to 20 pips in DD at the moment. Masterrmind...........
Please note that the chart displayed in the post above has higher settings shown for this pair they are not P=64 and MMP=240 (much higher).
Masterrmind............
Master your Mind then Master your Trades
- #705
- Mar 30, 2017 2:56am Mar 30, 2017 2:56am
- Joined Apr 2015 | Status: Trader | 1,067 Posts
my 2 cents to MML users
using 3 BB's will give you: boundaries, sense of direction, higher percentage of knowing the active MML level, price jumping between bands a sign of reversal. work with all TF, small TF=more squeeze, higher TF=more accurate.
settings: period 100, shift0, apply to close, deviations: 1, 2, 3 .
adding 100 SMA with different color.
H4
H1
M5
regards,
using 3 BB's will give you: boundaries, sense of direction, higher percentage of knowing the active MML level, price jumping between bands a sign of reversal. work with all TF, small TF=more squeeze, higher TF=more accurate.
settings: period 100, shift0, apply to close, deviations: 1, 2, 3 .
adding 100 SMA with different color.
H4
H1
M5
regards,
"the public is not yet ready for it" W.D. GANN
- #711
- Mar 30, 2017 6:49am Mar 30, 2017 6:49am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} NJ Now long about 15 minutes prior to London Open .... hmmm. {image} Only really looking to TP at the next MML level up so about 30 or so pips. Lets see! Masterrmind............
+9.1 pips
Closed out of the trade.
Masterrmind...........
Master your Mind then Master your Trades
- #712
- Mar 30, 2017 7:03am Mar 30, 2017 7:03am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
EU on my radar.
Careful of the news due out soon!
Masterrmind...........
Careful of the news due out soon!
Masterrmind...........
Master your Mind then Master your Trades
- #716
- Mar 30, 2017 8:48am Mar 30, 2017 8:48am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
GBPCHF
Approaching the zone.
If I'm still awake and price tags the +1/8 MML I'm in the trade.
Will be looking for the 6/8 MML for TP.
Masterrmind...........
Approaching the zone.
If I'm still awake and price tags the +1/8 MML I'm in the trade.
Will be looking for the 6/8 MML for TP.
Masterrmind...........
Master your Mind then Master your Trades
- #717
- Mar 30, 2017 9:04am Mar 30, 2017 9:04am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
GBPCHF Approaching the zone. {image} If I'm still awake and price tags the +1/8 MML I'm in the trade. Will be looking for the 6/8 MML for TP. Masterrmind...........
Sell Limit order placed at the +1/8 MML.
TP and stop visible on the chart and in the Trade Tab.
Pending order may be deleted in an hour if not triggered prior.
Masterrmind............
Master your Mind then Master your Trades
- #718
- Mar 30, 2017 11:09am Mar 30, 2017 11:09am
Has anyone taken interest in trading towards the levels instead of reversing from it. What I mean is that generally speaking during times of increased volume, FO, LO, NYO, price tends to travel to the nearest obvious level of support and resistance. I've seen it happen time and time again. You see a sudden price push until price reaches a level. This happened today during the NYO,
At around 9 am, when there is usually increased volume from the New York Session, you would notice that price was oversold at an area of support, but by looking at the volume and size of the bar you would see that price is heading somewhere and no surprise it stops at the +1/8 minute level. You would surely make more money detecting this surge in price and the level it is heading to, than trying to guess a reversal. Just some food for thought.
Have you ever noticed that when price is very close to an area of strong support and resistance that it just drops or pushes up extremely fast? Like it has to reach that level? This could be an alternative way to trade these levels. Price surges toward/near the 0/8 and +1/8 level can usually be taken until the level is reached. I would only recommend doing this at the opens of sessions, around 2 am, 3 am, and 9 am when there are sudden increases in volume.
At around 9 am, when there is usually increased volume from the New York Session, you would notice that price was oversold at an area of support, but by looking at the volume and size of the bar you would see that price is heading somewhere and no surprise it stops at the +1/8 minute level. You would surely make more money detecting this surge in price and the level it is heading to, than trying to guess a reversal. Just some food for thought.
Have you ever noticed that when price is very close to an area of strong support and resistance that it just drops or pushes up extremely fast? Like it has to reach that level? This could be an alternative way to trade these levels. Price surges toward/near the 0/8 and +1/8 level can usually be taken until the level is reached. I would only recommend doing this at the opens of sessions, around 2 am, 3 am, and 9 am when there are sudden increases in volume.
