I hear a "SIMPLES" coming on...

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Go Murrey Math!! I love it.. This is what I've been scalping off this morning. Only one neg trade.

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I'll confess to short scalping from 2937 down to 2920. But this time I think the range cycle had completed :-) But I will wait til after the news. I learned my lessons from Friday.

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Yes I did notice! Ok. The 2943 is close to Daily Pivot and is in between 2 oversold Murrey Levels for reversal. So the play for an ending cycle is to wait for a price confirmation against a price level where there's confluence?.... and not to pick ...

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Kill, I love it when you post your short term MML.... cos your descriptions crack me up! TH Murrey would be proud

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I think I'm beginning to understand this. So that range has to be tested first in order to have confidence of a 20 pip move. I take it the low you were referring to was either 1.2887 or 1.2875... so since neither was tested, the range cycle wasn't ...

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Okay... this may be what's killing my game here. By cycle... are you referring to what you mentioned last week: eg. Short -20 -20 retrace +20 -20 -20 If so... is that why you wait for a clearER indication of it passing one of the turt levels as any ...

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I've gone in again... with a shorter time frame (ie. i know i am scalping). Short @ 1.2905 and I will look to exit again at 1.2892. From my various sources, I can see that the nervousness about the ECB etc is pointing to a sell off.... but can China ...

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Out @ 2892 for +24. 2 reasons: a) reminded of lesson from last week - EUD moves in 20 pip moves b) going to wait for Trichet's speech but will be watching price action. Bias is short though.

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Morning all, Hope everyone's recovered from post-menstrual NFP trades. I'm short @ 1.2916 TP 1.2887 although have to get past 1.2892 first

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It was just a quick scalp once I saw it pass 35. Am out now for a little extra drink money. I wouldn't do it otherwise. I think I did it because of frustration post NFP sideways movement... but I'm aware of it enough to be able to control it. K. ...

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Couldn't resist Quick short scalp. This SCISSOR is going down. Forgot who mentioned it, but yes I'm on the 1M chart. Lots of practical reasons for that, but I do pay attention to DAY, 1H, 15M and 5M I've learned over the past couple of months to get ...

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Cloggie, thanks again for the heads up on the way down. Finally took that biatch down from 12977. I'm flat. Will continue watching this thread for entertainment after London closes. Have a good weekend guys

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LMAO!! I've not heard that before.... so sideways action is called scissoring! HA!

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Damn right... i was fine after the NFP... but I've just taken -20 trying to trade this sideways crap. Okay, despite being on the wrong side of overtrading, will buy the retrace to 70. Grrrr

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Sweet! Very helpful. PA against MML justifies the Long view. Although I'm sure the fundie reasoning is far more important. Having said that, this Long is only a retrace IMHO.

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Thanks Kill!

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Noob on NFP — I know I'm a noob but I still had to experience an NFP day... at least this time with some "advice" I've learned from the masters that I "think" I've learned. Result... 3 trades. Initially short... oops... wrong way but I didn't ...

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MML Chart Please — @Kills Hey Kills, if you're around and have time are you able to post a chart with some MML please. I'm at work and don't have my apps. Would be curious to see what levels NFP plays at. Thanks a bunch, Vlad

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Great chart Kill.... I like what you've done with the MM frame. What square setting are you using? 256/512?

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