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Murrey Math and Quantum Method

  • #781
  • Apr 5, 2017 2:42pm Apr 5, 2017 2:42pm
Quoting ximba
{quote} USDCHF coming alright {image}
Thx...got some pips..
  • #782
  • Apr 5, 2017 6:41pm Apr 5, 2017 6:41pm
Current Watchlist

EURUSD

USDCAD (will only look for a short on this pair once price tags the +2/8 MML since the order flow is clearly to the upside at this point)

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Note: Short term short on EU in action

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ps. current short entry from -1/8 MML looking for some pips towards the -2/8 MML, TP might be cut short since a long on EU is the eventual goal.

Masterrmind...........
Master your Mind then Master your Trades
  • #783
  • Apr 5, 2017 9:22pm Apr 5, 2017 9:22pm
Quoting Masterrmind
Current Watchlist EURUSD USDCAD (will only look for a short on this pair once price tags the +2/8 MML since the order flow is clearly to the upside at this point) {image} Note: Short term short on EU in action {image} ps. current short entry from -1/8 MML looking for some pips towards the -2/8 MML, TP might be cut short since a long on EU is the eventual goal. Masterrmind...........
EU

+5.4 pips

Attached Image (click to enlarge)
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Masterrmind............
Master your Mind then Master your Trades
  • #784
  • Apr 6, 2017 2:31am Apr 6, 2017 2:31am
Multiple bounces..and quantum lows....still doesnt hit..the -2/8...got some pips in two direction. Trend still down...but quatum rulz..:-)

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  • #785
  • Apr 6, 2017 7:39am Apr 6, 2017 7:39am
Took this trade Buy @ 28 + spread filled @ 32.9 Sell @ 50 the reason for taking profit managed to get the range expansion to make it around 80 for the day could be a bit more left but do not care
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  • #786
  • Apr 6, 2017 7:49am Apr 6, 2017 7:49am
Watch list: Cad/Jpy, Eur/Cad, WTICrude
instagram: stepbystepforex
  • #787
  • Apr 6, 2017 7:50am Apr 6, 2017 7:50am
AUDCAD

Now long.

Attached Image (click to enlarge)
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Stop will be tightened as trade progresses.

Masterrmind............
Master your Mind then Master your Trades
  • #788
  • Apr 6, 2017 7:59am Apr 6, 2017 7:59am
Quoting OAPDave
Took this trade Buy @ 28 + spread filled @ 32.9 Sell @ 50 the reason for taking profit managed to get the range expansion to make it around 80 for the day could be a bit more left but do not care {image} {image}
Well as I thought hit the 100 pips range that tied in with the 3/8th bottom of the trading range, no worries had a winner on the horses so happy guy today
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  • #789
  • Apr 6, 2017 8:21am Apr 6, 2017 8:21am
Quoting Masterrmind
AUDCAD Now long. {image} Stop will be tightened as trade progresses. Masterrmind............
AUDCAD - update

Bulls struggling to take price above the 0/8 MML.

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Stops tightened up.

Masterrmind...........
Master your Mind then Master your Trades
  • #790
  • Apr 6, 2017 8:32am Apr 6, 2017 8:32am
Quoting Masterrmind
{quote} AUDCAD - update Bulls struggling to take price above the 0/8 MML. {image} Stops tightened up. Masterrmind...........
AUDCAD

+1.1 pips

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Reversal of price by the bears so I do not want to stay in this trade.

On top of that its rest time for me.

Masterrmind...........
Master your Mind then Master your Trades
  • #791
  • Apr 6, 2017 8:39am Apr 6, 2017 8:39am
Long AUD/CAD also watching EUR/CAD for a long.
instagram: stepbystepforex
  • #792
  • Apr 6, 2017 10:45am Apr 6, 2017 10:45am
Getting interesting..
Attached Image (click to enlarge)
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  • #793
  • Apr 6, 2017 12:51pm Apr 6, 2017 12:51pm
Went long EUR/CAD as well. Made +10 pips on EUR/CAD and lost .5 off AUD/CAD for a net of +9.5 pips.
instagram: stepbystepforex
  • #794
  • Apr 6, 2017 2:54pm Apr 6, 2017 2:54pm
Quoting kisqbi
Getting interesting.. {image}
I am not sure what I am not understanding about this Quantum Method its great saying a position is getting interesting so I will just keep adding to losing positions until it comes right, well that's great if you have enough money to do it, but there will be a time that you run out. This method as no appeal to me at all, so calling time on the thread, wish you all good luck and will just be happy to watch from a distance from now on
  • #795
  • Apr 6, 2017 6:54pm Apr 6, 2017 6:54pm
Shorted gold from 18.392
instagram: stepbystepforex
  • #796
  • Apr 6, 2017 7:50pm Apr 6, 2017 7:50pm
Silver

[on my radar but careful with the entry]

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Note: consider the possible reasons behind the push up by the bulls ... hint: political.

Masterrmind...........
Master your Mind then Master your Trades
  • #797
  • Apr 6, 2017 8:01pm Apr 6, 2017 8:01pm
Lost about 3 pips on gold, also shorted EUR/AUD and got out way too early with +8 pips so netted 5 pips in total.
instagram: stepbystepforex
  • #798
  • Apr 6, 2017 8:09pm Apr 6, 2017 8:09pm
Quoting rafael5643
Lost about 3 pips on gold, also shorted EUR/AUD and got out way too early with +8 pips so netted 5 pips in total.
Its still positive pips overall so good work.

My Gold longer term approach on D1 (not MML specifically) is as follows:

Gold D1 setup

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When price breaches 1265 (which it has) do the following:

1. Place a Sell Limit order @ 1272
2. Stop @ 1302
3. TP @ 1218.50

Trail it as you see fit.

Masterrmind..........
Master your Mind then Master your Trades
  • #799
  • Apr 6, 2017 9:04pm Apr 6, 2017 9:04pm
Quoting Masterrmind
{quote} Its still positive pips overall so good work. My Gold longer term approach on D1 (not MML specifically) is as follows: Gold D1 setup {image} When price breaches 1265 (which it has) do the following: 1. Place a Sell Limit order @ 1272 2. Stop @ 1302 3. TP @ 1218.50 Trail it as you see fit. Masterrmind..........
Thank you! Gold and silver just broke through and are now hovering around a significant point of resistance. Will be interesting to see if the previous Res. turns into support or if it dives back down.
instagram: stepbystepforex
  • #800
  • Apr 6, 2017 11:14pm Apr 6, 2017 11:14pm
Just keep a close watch on any further Syrian news.

If it escalates further look for an opportunity to buy Gold and silver, look at JPY pairs too.

If it appears to be settling somewhat then look for a shorting opportunity.

Mate up the fundamentals or political drivers with the key technical levels and get some good old fashioned confluence on your side so that your entries have additional probability of turning into winners.

Good trading,

Masterrmind.............
Master your Mind then Master your Trades
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