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Murrey Math and Quantum Method

  • #901
  • May 11, 2017 12:50am May 11, 2017 12:50am
Quoting teatime
EURNZD half closed 535 + M 15 {image}
Yes but that's trade is not related with murray but with news....
Regards
  • #902
  • May 11, 2017 1:23am May 11, 2017 1:23am
USDCAD

Now short 0.5 lots (Demo account = Green Background)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 55 KB


Half position size allocated due to a very real risk component.

Masterrmind...........
Master your Mind then Master your Trades
  • #903
  • May 11, 2017 1:34am May 11, 2017 1:34am
Quoting Masterrmind
USDCAD Now short 0.5 lots (Demo account = Green Background) {image} Half position size allocated due to a very real risk component. Masterrmind...........
USDCAD (Live)

Short as well on the live account.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 58 KB


Also half position size applied (recall that I trade at 0.2 lots per 2K but less if risk is perceived to be higher) due to the risk involved on this setup.

ps. Trail master applied.

Masterrmind...........
Master your Mind then Master your Trades
  • #904
  • May 11, 2017 4:37am May 11, 2017 4:37am
Quoting Masterrmind
{quote} USDCAD (Live) Short as well on the live account. {image} Also half position size applied (recall that I trade at 0.2 lots per 2K but less if risk is perceived to be higher) due to the risk involved on this setup. ps. Trail master applied. Masterrmind...........
verry clear entry!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 54 KB
Find it The Best Entry Points
  • #905
  • May 11, 2017 5:37am May 11, 2017 5:37am
U/NOK M15 MML 256 0/8 buy enty open tp 2/8?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Image1.png Size: 63 KB
Find it The Best Entry Points
  • #906
  • May 11, 2017 5:44am May 11, 2017 5:44am
Quoting Masterrmind
USDCAD Now short 0.5 lots (Demo account = Green Background) {image} Half position size allocated due to a very real risk component. Masterrmind...........
UC

Closed out in profit.

Masterrmind .......
Master your Mind then Master your Trades
  • #907
  • May 11, 2017 5:48am May 11, 2017 5:48am
Quoting Masterrmind
{quote} USDCAD (Live) Short as well on the live account. {image} Also half position size applied (recall that I trade at 0.2 lots per 2K but less if risk is perceived to be higher) due to the risk involved on this setup. ps. Trail master applied. Masterrmind...........
UC (live) update

SL tightened to just above the 1.37 handle @ 1.37100.
Free live trade now looking to grab a few more pips.

Lets see if TP can get hit.

Masterrmind.........
Master your Mind then Master your Trades
  • #908
  • May 11, 2017 5:52am May 11, 2017 5:52am
Quoting vgyuszko
{quote} verry clear entry! {image}
Yes a very good trade entry straight from the start.

Cad pairs can be risky hence the reason behind my risk warning.

Good trading,

Masterrmind........
Master your Mind then Master your Trades
  • #909
  • May 11, 2017 6:02am May 11, 2017 6:02am
Quoting Masterrmind
{quote} Yes a very good trade entry straight from the start. Cad pairs can be risky hence the reason behind my risk warning. Good trading, Masterrmind........
Trailing stop hit.

Now out with some profit.

Onto the next setup.

Masterrmind.........
Master your Mind then Master your Trades
  • #910
  • May 11, 2017 10:12am May 11, 2017 10:12am
GA

Short just closed out in profit.

Masterrmind........
Master your Mind then Master your Trades
  • #911
  • May 11, 2017 9:40pm May 11, 2017 9:40pm
Watchlist

Nothing really on my radar for the 64 H4 criteria at this time.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB


HTFs do have setups however I'll not be looking to trade them at this stage.

Internal MML setups would need to be investigated in order to locate ideal entries.

If anything looks interesting I'll attempt to post it here however being the last trading day of the week there is no hurry to make an entry.

Masterrmind...........
Master your Mind then Master your Trades
  • #912
  • May 11, 2017 9:47pm May 11, 2017 9:47pm
GA (Demo)

Internal MML

Long @ 0.5 lots attempting to trade from 6/8 up to 8/8.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB


Masterrmind............
Master your Mind then Master your Trades
  • #913
  • May 11, 2017 9:57pm May 11, 2017 9:57pm
From next week I will only post setups and trades taken from my live account to limit any confusion.

ps. I will continue to trade the demo account in the background.

Masterrmind............
Master your Mind then Master your Trades
  • #914
  • May 11, 2017 11:27pm May 11, 2017 11:27pm
Quoting Masterrmind
Watchlist Nothing really on my radar for the 64 H4 criteria at this time. {image} HTFs do have setups however I'll not be looking to trade them at this stage. Internal MML setups would need to be investigated in order to locate ideal entries. If anything looks interesting I'll attempt to post it here however being the last trading day of the week there is no hurry to make an entry. Masterrmind...........
Hello MM.

Yes, MML looks very interesting. As I can see, When the price is around the level, the arrow icon appears, does not it?
It would be good to have Alert and Push.
Thank you, please put it in free access.
Stay hungry to be free...
  • #915
  • May 12, 2017 4:08am May 12, 2017 4:08am
2 examples on opposite chart shifts, what do you see ?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDSBM5.png Size: 82 KB
  • #916
  • May 12, 2017 7:29am May 12, 2017 7:29am
Quoting Masterrmind
GA (Demo) Internal MML Long @ 0.5 lots attempting to trade from 6/8 up to 8/8. {image} Masterrmind............
GA (update) demo

Taken out on this trade....

Masterrmind..........
Master your Mind then Master your Trades
  • #917
  • May 12, 2017 7:41am May 12, 2017 7:41am
Quoting Masterrmind
{quote} GA (update) demo Taken out on this trade.... Masterrmind..........
Hope you do not mind my input as it's a Gbp pair, I see a chart shift down on a 5min so I would be looking to sell on bounces (scalping trades)
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  • #918
  • May 12, 2017 8:24am May 12, 2017 8:24am
Quoting OAPDave
{quote} Hope you do not mind my input as it's a Gbp pair, I see a chart shift down on a 5min so I would be looking to sell on bounces (scalping trades) {image}
Comments are always welcome.....

My view as follows:
1. Looking for a pullback to take price back up with my trade attached into a selling zone to then be followed by a short entry that moves with the longer term order flow down.
2. Viewed as risky to take a long and also being the last trading day of the week, only half position size applied and only taken on demo account (not traded on my live account due to above points).

So why trade it at all even on the demo one may well ask?
1. Risky but good opportunity if support held
2. Loss was only a small part of the gain already made on account thus far
3. As it turned out only just got taken out but taken out nonetheless.

The volatile pairs usually need a large stop depending on the setup but by trading 0.5 lots I was not prepared to lose more than a few hundred....in my view worth the risk taken for the potential gain.

Unfortunately the gain was not made in this case.

But winning every trade is not possible and another reason why I only risked a few hundred dollars on over 3000 made so far.....

Another approach to this trade setup on GA would have been to wait for price to move up closer to the selling zone and then look to short the pair which would have been in sync with the longer term order flow....

Looking forward to next week....

Hope this is of some value....

Masterrmind........
Master your Mind then Master your Trades
  • #919
  • May 12, 2017 8:31am May 12, 2017 8:31am
Quoting Masterrmind
{quote} Comments are always welcome..... My view as follows: 1. Looking for a pullback to take price back up with my trade attached into a selling zone to then be followed by a short entry that moves with the longer term order flow down. 2. Viewed as risky...last day of week, only half position size applied and only taken on demo account (not traded on my live account due to above points). So why trade it at all even on the demo one may well ask? 1. Risky but good opportunity if support held 2. Loss was only a small part of the gain already made...
Update to the E/G on post 915 coping with another chart shift
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPSBM5.png Size: 81 KB
  • #920
  • May 12, 2017 8:43am May 12, 2017 8:43am
Quoting denya
{quote} Hello MM. Yes, MML looks very interesting. As I can see, When the price is around the level, the arrow icon appears, does not it? It would be good to have Alert and Push. Thank you, please put it in free access.
Nice to see you around Denya.....

I dont really take much notice of the arrow but it appears as you say.

Alert and Push can be implemented with enough free time.

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