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Murray Maths

September 16th, 2016 @ 1:25 am by William Gilday

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Hello traders and welcome to Friday as we get ready for our weekend break. Just some notes we have very little data to be released today. Oil remains above 43.00 P/B looking for 45.00$. The U.S. markets closed in the green at there close.

OK we have picked our trade set up today as we look at the EURAUD 30 minute chart. Price is in a pullback mode as we approach resistance and I am looking for a bearish candle formation for the sell entry. I am looking to enter at the price level of 1.5200 nice psychological level. I am looking to take profit at the support zone at the price of 1.4900 for a nice 100 pip trade today. I see we will have a bounce at the 1.4950 price level at the 200 ema.

Thank you traders and we will talk soon……William

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January 11th, 2016 @ 3:04 am by William Gilday

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Hello traders welcome to a new trading week. Well I have to say we have a very assorted bunch today as our trade plans are staying with the trend and the reaction from NFP is mixed across the board. There is no data today so it will most likely be a slow technical trading day. I expect some profit taking from Asia as they were closed when the numbers were released.

OK traders lat us take a look at the trade plan for today NUZUSD- This is the 30 minute chart. l have say we are just going to continue the bearish trend. I am looking for a pullback to the 38.2 Fibonacci level at the price of 0.6577 and a bearish candle formation for the sell entry. I am looking to take profit at the support zone as marked on the chart at the price of 0.6516. I have to say this pair really reacted very well to the NFP number from Friday and our trade from then would have worked great.

Plan Your Trade and Trade your Plan !

Tank You Traders Talk Soon….. William

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April 5th, 2010 @ 3:14 am by Karthik Subramanian

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Hi All,
GU has been moving along nicely and along predicted lines for the past few days.

Attached is a chart which shows some beautiful price action and also shows how important/easy/profitable it is to understand PA. Attached is the 4H chart for GU. I have marked out the weekly support/resistance lines using the solid yellow lines. You can see that on March 30/31, the resistance line was broken and price, as it usually does, come back to the broken line
and stays around it for some time. This is a very good indication that the break is going to held. The price stays around this line as all the orders here are being cleaned up. This is called accumulation.

Then you see the rise and break through the 23.6 fibo line and upto the next resistance region at 1.5280. We then move to the Good Friday holiday and hence price retraces to the 23.6 line so that the big boys can collect more longs.

Todays US session would be crucial as we will see whether the resistance at 1.5280 will be broken. If it is, the next stop is at 1.5380. Todays US session will also set the tone for tomorrow.

I personally feel that GU will move to 1.5380 and then on to 1.56 in the short term.

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April 4th, 2010 @ 5:48 am by Karthik Subramanian

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Hi All,

I am Karthik from India. I have been trading forex for the past 8 years (never realized that I was trading for so long until I checked my records today!). As the title suggests, I trade mainly using Murray Maths and Price Action. Before I go any further, here’s a little history about my forex career:

I started out about 8 years back, losing and gaining a lot of money trading. But most importantly for me, I have learned a lot during the journey. As my experience grew, I also started managing accounts. I blew up some of these accounts (along with mine) initially, due to various reasons, which included the fact that I was new to managing accounts at that point of time and also due to the investors themselves who wanted me to over leverage in spite of me repeatedly warning them about the risks involved.

Eventually I grew up. Now I am at a stage where I manage funds for a few big hedge funds and also have my own managed fund. I am a full time fund manager, analyst and trader, actively participating on several websites and hosting my own forex webinars.

I wish to use this blog to share some of the lessons I have learned so that I can help traders like you get on the fast track towards being a better trader, and hopefully help some of you avoid the pitfalls that I faced. I will not only try and share what I learned, I will also post my charts and reveal how I trade.

Lets see how things go…

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