Find it The Best Entry Points
- Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts
If you are good at something, never do it for free--Joker
Murrey Math indicator is very useful in Forex 68 replies
Murrey Math lines 6 replies
Murrey Math Swing Progression 22 replies
Murrey Math Line signal 9 replies
Murrey math trading 1 reply
DislikedDidn't get to trade today, busy with school but I took some off time to study the system some more. One important thing I came up with is the importance of taking trades only when the price has reached the level for the FIRST time. Notice the 4/8 level, which btw is a very strong hourly level. Both GBPJPY, and GBPCAD hit the 4/8 pivot level during the New York Session but only GBPCAD reversed while GBPJPY went through. Why did this happen? Well if you look at both charts you will notice that GBPJPY hit its 4/8 level at 23:00 (broker time) and had...Ignored
Disliked{quote} There is no doubting you are on top of your game with the use of Murrey, Brilliant trading my friend, all my charts have Murrey set to 64 {image} {image} {image}Ignored
Disliked{quote} I believe you have the best set up, to get the daily, hour and minute lined up, I however am not nearly as patient to wait for those trades lol Later I will post some analysis on Price Action surrounding profitable trades since I believe that is a key factory before taking trades. What is price doing before it hits a key level, or what is it not doing before it hits a "fake level?" Also noticing why some +/- 1/8 and 2/8 trades on the 1 minute are better than others.Ignored
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D) - No strong price movement, stalls right before reaching level and then flatlines.
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Disliked{quote} Wonder if you have ever given any thought to looking at a Daily like this, Murrey says he can predict a turning point to within 4 days {image}Ignored
Disliked{quote} I never include daily price action in my trade taking. I believe you can only exploit price in the short term. There are many factors that play into price movement within a day. Daily price action is good for scaling trades but at the end of the day you must still use smaller time frames to time exits and entries if you are scalping. For example, if the trend according the MM lines says that price is heading towards the 0/8 level, yes it would make sense in theory to only sell but you might miss out on a bunch of good trades because lets...Ignored
Disliked{quote} I judge you answer to be of a very focused guy, I read all your posts with the greatest of interest, thank youIgnored