Hello Everyone,

My name is Angie and I have decided to start my journal. I trade on the daily charts (use weekly charts for confirmation) using Forexoma teachings and other things that I have learned with my 3 years of Forex studying. I love this site and it's my favorite. Vahid has taught me so much and I'm so happy to be starting my own journal.

What helps me to make trading decisions: Trendlines, Forexoma MACD, Murray levels, Bollinger Bands, Candlesticks, and Market Analyis.. I know this all sounds familar but this is why I like Forexoma it just makes sense.

I have an Oanda account and it's currently at $75.67. I believe in demo trading using micro accounts to get a real feel of live trading.

Hi Angie,

Welcome to Forexoma Forums and thanks for being here. Forexoma loves you too

I will follow your journal as I also like to know more about Murray levels. I have never used it. I follow all trading journals here attentively because I learn a lot.

At the meantime, I have a question for you. How do you like Oanda so far? They got a very negative review yesterday

Hello Angie,

Vahid has given the official welcome, my welcome is just that of another member. The Murrey levels resemble pivot points. Have you found any similarity between the two?

Vincent

Hello Everyone,

Just to give you an ideal of how I trade. I will post 2 charts below of a trade that I'm currently in.


EUR/CAD
sell limit @ 1.5417
stop loss @ 1.5524
risk @ 3%

I placed an sell order because the 12/15/09, candle gave confirmation that the trend would continue bearish, MACD also agreed, the 12/15/09, candle also closed past a murray level.

The weekly chart confirmed all above. This trade is currently @ +71 pips

Hello Vahid,

Thanks for the warm welcoming. I have learned so much from you and I truly appreciate your love for educating people.

Murray Levels are close to Pivot Points, but I prefer them over pivot. To me they seem to be more accurate support and resistant levels than pivots. I only look for long entries if price is below the 0/8, -1/8, or -2/8, and I only look for short entries if price is above the 8/8, +1/8, or +2/8. The reason is because these areas are extremely overbrought or oversold levels.

As for Oanda, I have not had any problems with them. I do not plan to trade with them when I become a professional trader :)
Really I'm only demo trading with them with a live account using micro pips. My account is so small that if they stop hunt on me
they should be very ashamed of themselves and donate a few pennies to my account I just like the thrill of using a live account to
practice with and Oanda made it easy to set-up and took paypal. I want to face my trading demons (fear, greed, etc).. Thanks again for checking my journal out, I look forward to the future.

Thanks Angie

Hello Vincent

Thanks for welcoming me here.

I have tried Pivot Points in the past and I truly prefer Murray Levels over them. The Murray Levels seem to be more accurate and I have put more time into studying Murray Levels and just grown to really like them.

I had this in my studies for a long time, can't remember who sent it to me, but here's more info regarding the levels:

1. Line 8/8 и 0/8 (Ultimate Support and Ultimate Resistance).
Those lines are the most strong concerning Support and resistance.

2. Line 7/8 (Weak, Place to Stop and Reverse).
This line is weak. If suddenly the price was going too fast and too far and stops around this line it means the price will reverse down very soon. If the price did not stop near this line this price will continue the movement to the line 8/8.

3. Line 1/8 (Weak, Place to Stop and Reverse).
This line is weak. If suddenly the price was going too fast and too far and stops around this line it means the price will reverse up very soon. If the price did not stop near this line this price will continue the movement down to the line 0/8.

4. Line 2/8 and 6/8 (Pivot, Reverse)
Those two lines yield the line 4/8 only to the strength to reverse the price movement.

5. Line 5/8 (Top of Trading Range)
The price is spending the about 40% of the time on the movement between the lines 5/8 and 3/8. If the price is moving near line 5/8 and stopping near the line during the 10 - 12 days so it means that it is necessary to sell in this "bonus zone" (some people are doing like this) but if the price is keeping the tendency to stay above 5/8 line, so it means that the price will be above. But if the price is droping below 5/8 line it means that the price will continue falling to the next level of resistance.

6. Line 3/8 (Bottom of Trading Range).
If the price is below this line and in uptrend it means that it will be very difficult for the price to break this level. If the price broke this line during the uptrend and staying above during the 10- 12 days it means that the price will be above this line during the 40% of its time moving between this line and 5/8 line.

7. Line 4/8 (Major Support/Resistance Line).
It is the major line concerning support and resistance. This leve is the better for the new sell or buy. It is the strong level of support of the price is above 4/8. It is the fine resistance line if the price is below this 4/8 line.

Please dis-regard the blue trendlines in the daily charts and the red trendlines in the weekly chart. The red trendlines are the support and resistance for the daily chart and the blue trendlines are support and resistance for the weekly chart. Thanks and sorry for any confusion.

I'm confused Why is a new poster called Forexcrazy asking us to ignore lines on AP's charts????
I must admit that this is the first time that I have ever heard of Murray levels.
It will be interesting to see how they perform.
I like your reading of the candles AP, but I would find it difficult to short after such a bullish run. But as Vahid wrote "Never underestimate the power of the trend"

Good luck

Keith.

Hi Angie

Welcome to the forum and thanks for deciding to post your journal. As you can see from my recent post in my journal you are not the only one who needs to master 'fear and greed'. If we post about that as well as the analysis we doubly help each other

All the best

Michael

Hello Keith,

Explanation of forexcrazy is when I first learned of this site I registered an account for the forum. After I subscribed to Forexoma I decided to start a journal. I tried to login in, but the site didn't recognized my email address and that my user name was incorrect. I then registered again using my nick name angie pangie. My real name is Angela Davis. I'm also confused how forexcrazy popped up when I was logged in as angie pangie. I hope that explains it.

Hello Keith,

Thanks for posting. That's the reason why I like the Murrey Levels. Because the price closed below the 3/8 level, that gave me the confidence to enter a sell. Have a great Friday.

Hi Michael,

I do enjoy your journal and I truly agree about mastering fear and greed.

Hello Everyone,

Just to clarify that I wrote this and that the forexcrazy was the account I registered in Nov and I tried to login numerous of times, but the site couldn't recognize my email and username so I registered again using my nickname angiepangie. I will ask the admin to delete the forexcrazy account. Sorry for any confusion.

My EUR/CAD closed after hitting my take profit @ 1.5267

+150 pips

My buy limit just triggered @91.14
risk 3%
stop loss@ 90.13

Yesterday's candle closed showing continuation of an uptrend. Price has closed above the resistance trendlines on the daily and weekly charts.
So let's see how it goes.

Aud/Cad sell limit@ 0.9360
stop loss@ 0.9516

Pending Trade .. I will update my journal if this trade triggers.

I cancelled my pending order for AUD/CAD, because I placed the order to late. The trade is to far gone in the direction I wanted it to go. I work fulltime and I get home to late for some trades take off too fast. I could have placed a market trade but hey i'm trying to beat this GREED thing. There will always be other trades.

This trade is currently in profit of +53 pips. I will not take anymore trades until after the new year.

Okay so the usd/jpy hit my locked in profit @91.407. That gave me +26 pips profit.