The Murrey Math Trading System - page 70
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Long trade setup
Price heads down, hits 1/8 extreme
Bounces, makes a high into the 0/8
Enter Long on the 61.8 retracement
Second long CHF trade set up
Sorry, that was the same chart, attached is correct 2nd CHF
Short EUR set up
This is the interesting one, bacause the price didn't reach the 61.8 retracement until AFTER the MM Lines reset themselves. Thus it would have kept me out of my Short JPY trade of which I'm down way over 100 pips.
What do you think guys?
CMC
Long AUD set up
Indicator to mq4?
Hi CMC
I made some changes to the 64-Day-Frame setup that you use.
If you want to try it...
Unzip indicators to Metatrader4/experts/indicators...
Unzip #101-64-Day-frame.tpl to Metatrader4/templates...
Restart Metatrader4, right click mouse & select template/#101-64-day-frame
Now try it out on a 15/30Min chart or whatever period you like...
Quick Description
Main Trend = Magenta(down)/Green(up) line
Minor Trend = Red(down)/Blue(up) line
Major Trade change = Red(going down)/Green(going up) Target Sight
Minor Trade change = Yellow dotted line (up/down)
Buy/sell confirmation signal = Blue Box
Trailing Stoploss = orange boxes (you can also use the Major/Minor trade change to pullout of a profitable trade with max pips)
Happy Trading...
Xard777Hi Xard777,
I could not open the zip file. Can you give the indciators to Mq4 instead of the zip file?
Would appreicate the help!
SavvyTrader
Indicators
Xard777,
Thanks for your sharing!
Looking forward to learn new tools in my system.
SavvyTrader
Xard777,
Thanks for your sharing!
Looking forward to learn new tools in my system.
SavvyTraderno problem, just remember in future to download winrar via google...its free
Xard777
Ok, you bet I will.
SavvyTrader