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Murrey Math and Quantum Method

  • #921
  • May 12, 2017 7:34am May 12, 2017 7:34am
GU (demo)

Now short 1 lot.

Masterrmind........
Master your Mind then Master your Trades
  • #922
  • May 12, 2017 10:06am May 12, 2017 10:06am
Quoting Masterrmind
GU (demo) Now short 1 lot. Masterrmind........
GU (demo)

Closed out by trail stop in profit.

Masterrmind.........
Master your Mind then Master your Trades
  • #923
  • May 14, 2017 11:28pm May 14, 2017 11:28pm
UC

Attached Image (click to enlarge)
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On my watchlist for the live account.

Masterrmind.........
Master your Mind then Master your Trades
  • #924
  • May 14, 2017 11:49pm May 14, 2017 11:49pm
Quoting Masterrmind
UC {image} On my watchlist for the live account. Masterrmind.........
UCad

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Bears happy to keep taking price lower at this stage.

Keep a watch over the -1/8 MML followed by -2/8 MML.

The -2/8 MML looks more favorable at this early stage as it lies in confluence with the 1.36 handle or close to it.

I'll be looking for a bounce up somewhere near to these levels.

May also average into the trade by opening 0.1 lots near the -1/8 MML followed by 0.1 lots at the -2/8 MML.

However, I would want to see some action by the bulls in terms of PA in and around these 2 zones.

Don't forget about the oil talk early today and what likely impact it might have on the driving force of the CAD currency!
Major session opens should also be on your minds (Hint: Frankfurt into London session !!).

Observation time!

Masterrmind..........
Master your Mind then Master your Trades
  • #925
  • May 15, 2017 12:08am May 15, 2017 12:08am
Quoting Masterrmind
{quote} UCad {image} Bears happy to keep taking price lower at this stage. Keep a watch over the -1/8 MML followed by -2/8 MML. The -2/8 MML looks more favorable at this early stage as it lies in confluence with the 1.36 handle or close to it. I'll be looking for a bounce up somewhere near to these levels. May also average into the trade by opening 0.1 lots near the -1/8 MML followed by 0.1 lots at the -2/8 MML. However, I would want to see some action by the bulls in terms of PA in and around these 2 zones. Don't forget about the oil talk early...
UC

Now long @ 0.1 lots.

M5 Chart:
Attached Image (click to enlarge)
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Eager entry but at half position size.

Masterrmind............
Master your Mind then Master your Trades
  • #926
  • Edited 12:59am May 15, 2017 12:11am | Edited 12:59am
I like your indicator v much, thank you. Try combine it with mine
Somebody said your indicator compliments mine.

God bless
This is not investment/trading advise. Will not hold accountable for loss
  • #927
  • May 15, 2017 3:12am May 15, 2017 3:12am
Quoting Masterrmind
{quote} UC Now long @ 0.1 lots. M5 Chart: {image} Eager entry but at half position size. Masterrmind............
Did you close that position with profit? or are you living in hell now ?
This is not investment/trading advise. Will not hold accountable for loss
  • #928
  • May 15, 2017 6:04am May 15, 2017 6:04am
Quoting yousername
{quote} Did you close that position with profit? or are you living in hell now ?
My live TE can answer your question.

Masterrmind..........
Master your Mind then Master your Trades
  • #929
  • May 15, 2017 6:15am May 15, 2017 6:15am
Quoting yousername
{quote} Did you close that position with profit? or are you living in hell now ?
UCad

Long another position @ 0.1 lots.

Off the 1.36 handle.

As mentioned in earlier posts I planned to average into the long setup on USDCAD meaning 0.1 followed by 0.1 lots.

Enjoy the trade.

Masterrmind.......
Master your Mind then Master your Trades
  • #930
  • May 15, 2017 6:36am May 15, 2017 6:36am
Quoting Masterrmind
{quote} UCad Long another position @ 0.1 lots. Off the 1.36 handle. As mentioned in earlier posts I planned to average into the long setup on USDCAD meaning 0.1 followed by 0.1 lots. Enjoy the trade. Masterrmind.......
UCad

1 long closed out in profit.

1 still active.

Masterrmind.........
Master your Mind then Master your Trades
  • #931
  • May 15, 2017 7:17am May 15, 2017 7:17am
Quoting Masterrmind
{quote} UCad Long another position @ 0.1 lots. Off the 1.36 handle. As mentioned in earlier posts I planned to average into the long setup on USDCAD meaning 0.1 followed by 0.1 lots. Enjoy the trade. Masterrmind.......
You are a master indeed. Respect.
Keep up the great trade!
Also increase your risk if you're good.
I don't know anyone who can live $2 per day. Are you living in Africa?
This is not investment/trading advise. Will not hold accountable for loss
  • #932
  • May 15, 2017 7:27am May 15, 2017 7:27am
Quoting Masterrmind
{quote} UCad 1 long closed out in profit. 1 still active. Masterrmind.........
UCad

Closed out last trade for a few pips.

Masterrmind.........
Master your Mind then Master your Trades
  • #933
  • May 15, 2017 7:59am May 15, 2017 7:59am
Quoting yousername
{quote} You are a master indeed. Respect. Keep up the great trade! Also increase your risk if you're good. I don't know anyone who can live $2 per day. Are you living in Africa?
Australia.

But that is beside the point.

Millionaires also live in Africa my friend.

I plan to show that almost any trader can start small at say 2K and over time grow the account into a much larger one which can then be traded at far less risk not more.

The current trading account is being traded at a maximum of 0.2 lots per $2000 balance.

Do you think I trade at this ratio on a 100k account?

My point is that the risk applied to this small 2k account is as high as any trader should go and probably less is better.

Daily percent gain at a realistic DD are the key considerations here.

Money management, trade management and risk management are also just as important.

Grow a small account wisely and before long it will be as large as you need.

Good trading,

Masterrmind...........
Master your Mind then Master your Trades
  • #934
  • May 15, 2017 8:04am May 15, 2017 8:04am
Quoting Masterrmind
{quote} Australia. But that is beside the point. Millionaires also live in Africa my friend. I plan to show that almost any trader can start small at say 2K and over time grow the account into a much larger one which can then be traded at far less risk not more. The current trading account is being traded at a maximum of 0.2 lots per $2000 balance. Do you think I trade at this ratio on a 100k account? My point is that the risk applied to this small 2k account is as high as any trader should go and probably less is better. Daily percent gain at a...
May the Lord be with you always ma fren.
This is not investment/trading advise. Will not hold accountable for loss
  • #935
  • May 15, 2017 11:35pm May 15, 2017 11:35pm
MML Dashboard [M15; P=64, MMP=240]

30 minutes prior to London Open

Attached Image (click to enlarge)
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Masterrmind..........
Master your Mind then Master your Trades
  • #936
  • May 15, 2017 11:38pm May 15, 2017 11:38pm
Prefer the extreme MMLs but will also consider internal octaves.

EURUSD on extreme level watchlist

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USDCAD on potential internal long setup

Masterrmind........
Master your Mind then Master your Trades
  • #937
  • May 15, 2017 11:48pm May 15, 2017 11:48pm
Now long UCad (live account)

Half normal position size so I may average into the long but lets see.

Attached Image (click to enlarge)
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Seeking a 2/8 to 5/8 TP.
Major barrier at the 4/8 level.

Trade mangement in progress.

Masterrmind........
Master your Mind then Master your Trades
  • #938
  • May 16, 2017 12:17am May 16, 2017 12:17am
EURUSD

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Keen attention on this pair as it moves above the 1.10 handle and between the +1/8 and +2/8 levels.

Not ready to short as I want to see how the market reacts to price hitting the 1.10 handle (major psychological level).

Observation only at this stage but I may (or may not) short it later.

Masterrmind.............
Master your Mind then Master your Trades
  • #939
  • May 16, 2017 1:11am May 16, 2017 1:11am
Quoting Masterrmind
Now long UCad (live account) Half normal position size so I may average into the long but lets see. {image} Seeking a 2/8 to 5/8 TP. Major barrier at the 4/8 level. Trade mangement in progress. Masterrmind........
USDCAD

+7.8 pips.

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Closed out due to strong resistance showing at the DO line and the multiple attempts of the bulls failing to push price above this level.

Therefore, it leaves me little option but to close out for a small gain.

Will reassess later for any future entry into this pair.

ps. In the meantime I will shift my focus over to the EU pair.

Masterrmind..............
Master your Mind then Master your Trades
  • #940
  • May 16, 2017 1:16am May 16, 2017 1:16am
Watchlist

EURUSD
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CHFJPY
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Masterrmind..............
Master your Mind then Master your Trades
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