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Murreymath

BTC BITCOIN SHORT - THURSDAY 11/16 - 4:30 CST Btc shorts were stopped today at 7500. They were just reset. Stops here will be about 125 points above the old high or at 7925. Cover targets are currently $6900. BTC continues to surprise in strength. Chart patterns are all pretty accurate, but the length of the impulse waves are longer and stronger, and all extended. All the pull backs are shorter , and wedged in the positive directions. Keep those stops tight. I still feel we go back to retest serious lows. if w take out the all time high at 7800 in a few minutes or over night I will revisit that thesis. PM me with any questions. Thanks, and good luck!
KRAKEN:BTCUSDShort
by Urbanmove
3
BTC - BITCOIN WEDNESDAY 11/15 /17 UPDATE - 3:27 CST BTC Strength is slightly stronger thus far, and moving to sideways. Sideways is not down. I have had a few successful shorts today, playing this mornings numbers, but I keep having to reset higher and higher. Currently have a slightly updated wave form. Looks like we are just about to finish up a small Elliot wave 4. That will lead us higher to $7499. Then we will enter a larger Elliot 4 wave that may take 24 hours to really wear thru. The last wave in that pattern projects to be truncated, and will NOT produce a new high, and should begin the decent back to $6400. I will update if / when we break down. Prices posted are for covering shorts, not for going long. Unless your high frequency. PM me with questions. U.m.
KRAKEN:BTCUSDShort
by Urbanmove
4
BTC BITCOIN - WED 11/15/2017 + 2 WEEKS - A COLD BTC WINTER The bitcoin market - BTC has just retested its near term peak. The high at $7300 looks to stand for many months to come. Price heading lower, bottom target just above $5000 for this wave. Subsequent waves can drive to $4000. If you have questions, please PM me. This is an easy tradeable short. Stop loss the old high of 7800. Use caution with any prices above 7500. And use prices above 7500 to work back out of any short positions that may need to be rest. However, I do not see that any of those stops will be needed. But, protecting capital is paramount. So there they are. Good luck!
KRAKEN:BTCUSDShort
by Urbanmove
MM-Oscillator - as a Trading System [Concept]I was thinking about this concept while I was driving after dinner. You do not need a fancy $500 Monthly subscription for an edge. Here is the Concept, You can build on this. Notice how the Murrey Math Oscillator works in finding the pullbacks with a trend. Experiment & create your edge . NOTE : EVERY PULLBACK TRADING SYSTEM WILL FACE TRANSITION ZONE, ITS UNAVOIDABLE. Transition Zone is when a Pullback translates into a Trend Change for those who don't know. I will expand on this concept, If and when I find time to research. Link to the Version 2 of the Indicator Now for those robbers out there, Don't take this and sell it for a premium ;) For trader, Enjoy and Good Luck.
by UDAY_C_Santhakumar
1
XAUUSD; GOLD, US Dollar , hourly chartHere I present to the TV community a great tool brought to us by Ricardo Santos, a fantastic coder whose work I greatly appreciate. He has recently shared with TV the Murrey Math Lines/Channel indicator. This is a manner in which i have implemented using the tool in a MTF fashion in conjunction with Fib Time extensions. Plenty of chart notations to see. I like to overlap a short period MMLC and a long period MML. Two of my favorite to put on an hourly chart would be 24 and 144 periods. The MMLC allows us to highlight the extreme overbought and oversold zones which in MML relate to possible turning points in trend. When in MTF mode we can easily see areas that overlap increasing our chances of high probability trades when both period show the same signal. Use the Median crossing of MMLC to indicate overall trend and take advantage of price discovery via divergence.
FX:XAUUSD
by cooney_s