Trading YM/ES using Murrey Math

[ebob]

Here is the Ym from thursday/friday in which the key murrey math levels again acted as levels for good risk/reward trades.

 

[rog1111]

what are these "murrey math" levels based on, precisely ?

rog1111

Here is the Ym from thursday/friday in which the key murrey math levels again acted as levels for good risk/reward trades.

 

[frugi]

...and when were those thick blue lines added? *oh you cynic*

I'd be grateful to be proved wrong, always open to new techniques. They do look a little 'perfect' though, you have to admit.

 

[ebob]

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

 

[rog1111]

ebob

so how, if possible, would you describe the calcs, in a nutshell ? Personally I would only ever use a trading tool that I fully understood.

rog1111

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]

ebob

so how, if possible, would you describe the calcs, in a nutshell ? Personally I would only ever use a trading tool that I fully understood.

rog1111

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

 

[rog1111]

thanks

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

 

[ebob]

Ym 4 hr

anyone have any tips on how to improve quality of .png - when saved in esignal? to make the chart clearer, im currently saving to local file in esig but when posted quality isn't as good as it should be. thanks.


happy trading

 

[peterpr]

anyone have any tips on how to improve quality of .png - when saved in esignal? to make the chart clearer, im currently saving to local file in esig but when posted quality isn't as good as it should be. thanks.

The ones you posted are clear as a bell if viewed full size.

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.

 

[ebob]

Mm

Hi peter,

I think you're confusing my post with tim's.

 

[peterpr]

Hi peter,

I think you're confusing my post with tim's.

Yep - sorry about that.

For Tim - point is valid though. I don't use Tradestation but I'd be surprised if there isn't some good MM stuff out there already for it because there is for Esignal.

 

[timcannell]

Yep - sorry about that.

For Tim - point is valid though. I don't use Tradestation but I'd be surprised if there isn't some good MM stuff out there already for it because there is for Esignal.

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 ?

 

[ebob]

i did download a TS file from their file share but it didn't work properly - so there has been a start, worth looking at.

 

[peterpr]

PS Is hunting really your only interest - thats a tiny bit sad isnt it ?

To an ageing urbanised punk ? probably so.

 

[timcannell]

To an ageing urbanised punk ? probably so.

Hey Im not that old

 

[CKoolen]

Murrey Lines Excel Calculation

I'm searching for an Excel sheet, which can calculate the various murrey lines, based on a Open, High, Low , and Closed datafeed. Does anyone know how to get a hold of this?

 

[rkhan786]

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

 

[rols]

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

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?

 

[rkhan786]

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?

 

[moeman]

Where did u get the software