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Murrey Math and Quantum Method

  • #881
  • May 8, 2017 6:15am May 8, 2017 6:15am
Some more Murrey/Bollinger/Macd fun, can you see any trades ?
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  • #882
  • May 8, 2017 3:44pm May 8, 2017 3:44pm
MM levels seem ok ?
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  • #883
  • May 8, 2017 6:15pm May 8, 2017 6:15pm
Quoting OAPDave
MM levels seem ok ? {image}
I tend to think at this stage that looking for long or short opportunities simply from the MML lines is good enough to generate some 'good' trades.

Far too often I see traders adding more and more of this indicator and that indicator and really I think its not necessary.

Keep it simple and if in doubt simply do not take the trade ... wait for one that you feel comfortable about engaging with.

Looking at many ideas though certainly keeps the mind active and this is very important but what I would propose is to look towards adding in some good old fashioned fundamental analysis (not necessarily too deep though just enough to form a bias on a currency pair to either look to go long or to look to go short - more practical in linger term trade setups though).

Confluence is what builds a good case for entry (not all will turn out):

MML levels
Fibs
Psych levels (000, 50 levels)
Harmonic moves (simple 1 to 1 completions of the ABCD or AB=CD that open up reversal opportunities from extreme MML levels +- 1 and 2 MML)
Fundamentals (Central banker chat, hints of where they would like a pair to be trading) Not always useful but always important!
General market awareness (geopolitical stability or lack of etc etc)

Good trading,

Masterrmind...........
Master your Mind then Master your Trades
  • #884
  • May 8, 2017 8:19pm May 8, 2017 8:19pm
Watchlist (current)

AUDNZD
CADCHF
USDJPY (looking to take a short on a small pullback but be careful with this pair ok as my bias is to the 115 handle then potentially beyond!!)
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.... more to come ......

Masterrmind...........
Master your Mind then Master your Trades
  • #885
  • May 9, 2017 2:04am May 9, 2017 2:04am
MML with trader discretion

Live 2K account commenced today to throw it out there for all to see.

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Lots per trade on 2000 as follows:
a) low risk @ 0.2 lots
b) med risk @ 0.1 lots
c) high risk @ 0.05 lots

Note that the minimum lot size I will trade on this account is 0.1 lots with 0.2 lots being the most common.
If account is >=3000 then 0.3, 0.15 and 0.07 (with 0.15 lots the minimum).

Come join in with a live TE if you wish as putting your trades out there for public scrutiny actually makes you a better trader!

Good trading,

Masterrmind...........
Master your Mind then Master your Trades
  • #886
  • May 9, 2017 2:27am May 9, 2017 2:27am
CADJPY

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Masterrmind.........
Master your Mind then Master your Trades
  • #887
  • May 9, 2017 2:39am May 9, 2017 2:39am
Quoting Masterrmind
CADJPY {image} Masterrmind.........
CADJPY

Price closing in now on the +1/8 MML.

Observation time ... look for that surge up and a hesitation in PA.

Consider short @ +1/8 or +2/8 level

Perhaps split 0.1 lots over both levels.

Always keep your options open.

ps. Don't forget to monitor other pairs that might be setting up for potentially better trades.

pps. You pull the trigger and never let the market temp you (because it can and it will).

Good trading,

Masterrmind............
Master your Mind then Master your Trades
  • #888
  • May 9, 2017 2:41am May 9, 2017 2:41am
I'll only be using an M15 chart with 64 on H4 settings.

However at times (quite often in fact) I look to lower TFs for finer entries that might show hidden PA tendencies within a currency pair.

Masterrmind.............
Master your Mind then Master your Trades
  • #889
  • May 9, 2017 2:44am May 9, 2017 2:44am
Quoting Masterrmind
{quote} I tend to think at this stage that looking for long or short opportunities simply from the MML lines is good enough to generate some 'good' trades. Far too often I see traders adding more and more of this indicator and that indicator and really I think its not necessary. Keep it simple and if in doubt simply do not take the trade ... wait for one that you feel comfortable about engaging with. Looking at many ideas though certainly keeps the mind active and this is very important but what I would propose is to look towards adding in some...
Hi, as usual you are bang on the money with your post, I think we both know the value of MM and it works as a stand alone indicator, but I just want the thread to be a little more active hence throwing ideas into the pot, I perhaps use MM in a slightly different way than you, ( timeframes & numbers) but it works in the same way as all the other indicators but in my view a little better as it is one of the very few that is NOT lagging, thank you for your posts of which I follow with great interest but as I mostly trade Gbp pairs I do not copy your trades, I am willing just to post any chart with any indicator that highlights or increases the value of MM
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  • #890
  • May 9, 2017 2:49am May 9, 2017 2:49am
CADJPY M5 Chart

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Price intent to keep pushing higher so we simply wait!
Price can and might keep pushing up higher and beyond our reversal zone (and thats fine provided we have not entered into the trade).

Masterrmind..........
Master your Mind then Master your Trades
  • #891
  • May 9, 2017 2:56am May 9, 2017 2:56am
AN is possibly worth a look but really it looks like its going no-where at this point in time.

Perhaps keep on the back burner.

If I make a trade on AN or another pair today it will show on my TE or myfxbook.

Good trading,

Masterrmind............
Master your Mind then Master your Trades
  • #892
  • May 9, 2017 2:59am May 9, 2017 2:59am
Quoting OAPDave
{quote} Hi, as usual you are bang on the money with your post, I think we both know the value of MM and it works as a stand alone indicator, but I just want the thread to be a little more active hence throwing ideas into the pot, I perhaps use MM in a slightly different way than you, ( timeframes & numbers) but it works in the same way as all the other indicators but in my view a little better as it is one of the very few that is NOT lagging, thank you for your posts of which I follow with great interest but as I mostly trade Gbp pairs I do not...
If its non-lagging then I term it as potentially informative which is fine.

I hope it brings you great success and I'll be having a closer look at it too.

Take care and don't worry I'll trade some GBP pairs before too long.

Masterrmind............
Master your Mind then Master your Trades
  • #893
  • May 9, 2017 3:35am May 9, 2017 3:35am
Quoting Masterrmind
MML with trader discretion Live 2K account commenced today to throw it out there for all to see. {image} {image} Lots per trade on 2000 as follows: a) low risk @ 0.2 lots b) med risk @ 0.1 lots c) high risk @ 0.05 lots Note that the minimum lot size I will trade on this account is 0.1 lots with 0.2 lots being the most common. If account is >=3000 then 0.3, 0.15 and 0.07 (with 0.15 lots the minimum). Come join in with a live TE if you wish as putting your trades out there for public scrutiny actually makes you a better trader! Good trading, Masterrmind..............
  • #894
  • May 9, 2017 10:23am May 9, 2017 10:23am
Quoting Masterrmind
{quote} If its non-lagging then I term it as potentially informative which is fine. I hope it brings you great success and I'll be having a closer look at it too. Take care and don't worry I'll trade some GBP pairs before too long. Masterrmind............
Set up as 2 separate charts 256 MM +Macd and Daily Pivots + 10pip Grid + Macd
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  • #895
  • May 9, 2017 8:25pm May 9, 2017 8:25pm
Watchlist

AUDNZD
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NZDJPY
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and

GA
GJ

ps. took a short on AJ yesterday for a 1.3% gain.

Masterrmind...........
Master your Mind then Master your Trades
  • #896
  • May 9, 2017 8:46pm May 9, 2017 8:46pm
CADCHF

Possibly worth a look.

However not very active at the moment (Asian session afterall).

So it might be best to simply monitor this pair closer to a major open (LO or NY).

Masterrmind............
Master your Mind then Master your Trades
  • #897
  • May 9, 2017 8:49pm May 9, 2017 8:49pm
Possible that those following my entries might have missed the AJ short on the TE since it shows no trades until at least 1 trade has been closed out.

However, it was visible on myfxbook.

All future entries should now be visible on both analytics if I miss posting them here.

Good trading,

Masterrmind............
Master your Mind then Master your Trades
  • #898
  • May 10, 2017 8:20pm May 10, 2017 8:20pm
EURNZD
half closed 535 +
M 15
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donīt follow me,you will loose your moneyy
  • #899
  • May 10, 2017 11:21pm May 10, 2017 11:21pm
Watchlist

GBPAUD
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GBPUSD
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USDCAD
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Masterrmind............
Master your Mind then Master your Trades
  • #900
  • May 10, 2017 11:38pm May 10, 2017 11:38pm
Watchlist

Silver
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Gold
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Masterrmind...........
Master your Mind then Master your Trades
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