Murrey math
Rog - murrey math is in essence based on Gann's work. The maths is complicated but using software or as some over at moneytec do excel spreadsheets is easy. There is a long an extensive thread on murrey over there, worth checking out. Another murrey thread is over at www.traderscommunity.com. For background reading check out http://www.webspace4me.net/~blhill/pages.aux/murrey/TKnotes.1.html. Or murreys own site www.murreymathtrading.com
Frugi, nothing wrong with being a cynic but those lines are drawn by the software my friend, the key is confluence of a number of indicators that lead to good risk/reward trades. so murrey for me is just one more tool - not the holy grail.
happy trading
Rog - murrey math is in essence based on Gann's work. The maths is complicated but using software or as some over at moneytec do excel spreadsheets is easy. There is a long an extensive thread on murrey over there, worth checking out. Another murrey thread is over at www.traderscommunity.com. For background reading check out http://www.webspace4me.net/~blhill/pages.aux/murrey/TKnotes.1.html. Or murreys own site www.murreymathtrading.com
Frugi, nothing wrong with being a cynic but those lines are drawn by the software my friend, the key is confluence of a number of indicators that lead to good risk/reward trades. so murrey for me is just one more tool - not the holy grail.
happy trading
timcannell
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rog1111 said:
Im investigating Murrey Math currently with an ultimate intention of creating a TS indicator... In a nutshell the calcs involve repeated 'fractal' divisions of price ranges to obtain Murrey Math levels which have differnent significances for the probablility of a trend continuation or termination / reversal
thanks
timcannell said:Im investigating Murrey Math currently with an ultimate intention of creating a TS indicator... In a nutshell the calcs involve repeated 'fractal' divisions of price ranges to obtain Murrey Math levels which have differnent significances for the probablility of a trend continuation or termination / reversal
peterpr
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The ones you posted are clear as a bell if viewed full size.ebob said:
Also - you say you want to prepare an MM indicator for TS. I'd be surprised if there isn't one readily available somewhere already since the one you are using on Esignal is a Divergence Software freebie.
timcannell
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peterpr said:
Maybe there is - but to be honest I rather enjoy the challenge of working it out for myself - and may well put my own twist on it ( if I deem it to be of any value )
PS Is hunting really your only interest - thats a tiny bit sad isnt it ?timcannell
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peterpr said:
Hey Im not that old
Does anyone actualy list the 64 trading RULES for Murrey Math?
Hi There,
i was wondering if anybody actualy knows how to trade using Murrey Maths?
I have purchased the book, i also have the indicator on my esignal, but i am still confused as to when to buy, where to place my stop, and where to place my target.
I have backtests buying at 0/8, with target of 2/8 and stop at -2/8 but this is NOT profitable.
I have also backtest buying at 1/8 with target at 4/8, and stop at -2/8, and again this is NOT profitable.
So i have a few questions,
1. Does anybody actualy trade Murrey Maths profitably?
2. What your entry, stop, target rules for trading murrey math?
I can see many charge where the price bounces of a main Murrey Math line, but when you backtest it, it is not consistently profitable enough to simply buy and sell at the MML
So i want to know if anyone actually trades this system profitables, and what your system rules are for engagement?
Thanks
Riz
Hi There,
i was wondering if anybody actualy knows how to trade using Murrey Maths?
I have purchased the book, i also have the indicator on my esignal, but i am still confused as to when to buy, where to place my stop, and where to place my target.
I have backtests buying at 0/8, with target of 2/8 and stop at -2/8 but this is NOT profitable.
I have also backtest buying at 1/8 with target at 4/8, and stop at -2/8, and again this is NOT profitable.
So i have a few questions,
1. Does anybody actualy trade Murrey Maths profitably?
2. What your entry, stop, target rules for trading murrey math?
I can see many charge where the price bounces of a main Murrey Math line, but when you backtest it, it is not consistently profitable enough to simply buy and sell at the MML
So i want to know if anyone actually trades this system profitables, and what your system rules are for engagement?
Thanks
Riz
rols
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It's not that simple I'm afraid.
I have a manual somewhere and the calculations are complex.
Ratios and cycles are fascinating BUT re trading we always end up with the same question. Where do you measure from.??
When it works it is impressive, trouble is I couldn't produce consistent results because the crucial information, ie the secret code of the Universe and all its contents is missing from all the commercial apps (I have one commercial and 2 EAs)
The secret knowledge of Gann (if it exists) would not be sale on the internet - wouldn't be any point would there?
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Dear Sir,
What calculations are you talking about?
Why do i need calculations when i have the Murrey Math indicator on esignal.
I can see all the lines, all calculations are done for me, so why do i need to do any calculations?
All i'm asking is, what are the rules of engagement?
Now that we have the lines, where do we enter/exit?
What calculations are you talking about?
Why do i need calculations when i have the Murrey Math indicator on esignal.
I can see all the lines, all calculations are done for me, so why do i need to do any calculations?
All i'm asking is, what are the rules of engagement?
Now that we have the lines, where do we enter/exit?
