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Murrey Math indicator is very useful in Forex

  • Post #1
  • Quote
  • First Post: Nov 27, 2005 3:12pm Nov 27, 2005 3:12pm
hello viewers,
this is santosh from india. in forex trading murrey math indicator is very useful so i give murrey math indicator explanation in the above i think this is very useful to all forex traders.

Quote
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.

i think the above matter is useful to all forex traders.

regards,
k.n.v.santosh
what about line +/-1/8, i did't understand for this line meaning, hope somebody can explain, thanks
Quoting PcFx
what about line +/-1/8, i did't understand for this line meaning, hope somebody can explain, thanks
In the short time Ive been looking at these the + and - 1/8 and 2/8 have been good reversal points for the price. Not sure if that is what they are for though.
Murrey is what traders wish fibos were on shorter time frames.

http://www.foretrade.com/MM_description.htm

http://www.murreymathtrading.com/

http://www.tradingtheories.com/index3.php?id=3&id2=21
Profit is where readiness meets Opportunity
As a small time frame trader, I'm interested in this indicator. Does anyone have an indicator?

Thanks.

mrLogik
Quoting mrlogik
As a small time frame trader, I'm interested in this indicator. Does anyone have an indicator?

Thanks.

mrLogik
Meta I assume?
Profit is where readiness meets Opportunity
Sometimes continious interest in new indicator seems to me strange.

I believe it use to be very seldom when we could find out more sense in them then creator intended to give them
Prof Herman
MM is indeed an interesting line of research, based off the original work of Gann and harmonics, it has a natural balance to it that a lot of people don't understand. There are a few murray math indicators, head over to the Metatrader part of FF and download the indicator package and you will find it:

http://www.forexfactory.com/forexfor...ead.php?t=5913
You can quit and they won't care, but you will always know.

Murrey Math 4-day Trading Workshop


November 27<sup>th</sup> through November 30th

Denver, CO




The Murrey Math "Coaching" Learning, Trading, Investing Academy


PO Box 158946

Nashville, TN 37215

1.888.761.6849










Learn the rules of Murrey Math and how to properly apply them during the 4-days in the market real time.





You will learn:



· Murrey Math Trading Lines: How to set a trading range highs - lows



· Murrey Math Trading Time Frames identifying slow, moderate and fast market conditions



· Estimating (exact) price reversal points



· Identifying up and down breakouts: Know exact price to predict higher highs or lower lows



· Trading currencies and the FOREX



· Trading commodities



· Trading major U.S. markets



· Mutual Fund investing: Best odds entries and exits



· Indicators to signal market reversals

o VIX Index

o TRIN Index

o ADV-DEC

o NYSE: TICK



· Get ideas about when to buy in-the-money versus out-of-the-money options



· Discover new approaches to trading during options expiration week



· When to choose spreads instead of single option positions



· Apply Murrey Math Techniques to an IPO (stocks with no trading history)



· Identifying stop loss points



· Determine where to exit with profits







Murrey just finished a four day session with 52 students in Minneapolis







Other Key Topics:





Price and Time


A) Know Long-Term Time Price Reversal Potentials


B) Know Long-Term Time Reversal Potentials





Reading a Chart


A) Long-term uptrend


B) Long-term uptrend (but falling inside it)


C) Long-term downtrend


D) Long-term downtrend (but rising inside it)





Learn to know how to see in 3 perspectives


A) Long-Term,


B) Intermediate Term,


C) And Short-Term








Trade the following with Murrey Math:




1) Investing in Mutual Funds




2) Gold, Silver, XAU Options





3) US 30 Yr. Bonds, 10 Yr. Bonds, 5 Yr. Bonds





4) Stocks: short term and long term; options





5) Futures:


A) S&P 500 E-minis


B) Dow 30 Futures


C) NASDAQ Futures


D) Russell Futures





6) How to anticipate reversals from:


A) Trin (set to MM Trading Lines)


B) VIX.X (set to MM Trading Lines)


C) Adv-Dec (set to MM Trading Lines)


D) Tick (NYSE) tickets traded (set to MM Trading Lines)





7) Trade Options on S&P 100 (last three days of the month) Options Expiration Week





8) Learn to see 5 Reactions to:


A) Opening prices (for the day) up


B) Opening prices (for the day) down





9) Five Emotional trading areas





10) Breakout: Higher or Lower Frame Shift


Know how to recognize exact higher highs or lower lows price





11) End of Day Positions





12) Real Time Live online classes





13) When to move stops; when to exit with 50%; when to go way out of the money and gamble





14) Learn the (17) octaves





15) Find all market reverses off MBA: Murrey's Binary Algorithm: .00152587890625





16) Learn to set MM Speed Lines; MM Momentum Lines





17) Know how to "read" Gann, Fibonacci and Elliott Wave off MM Charts reverses "best odds" ahead of Time





18) Short Cover Squeeze: forcing higher potential prices





19) Support Failure lower: forcing prices lower





20) Four days of constant converting to The Murrey Math Trading System












The longer you put off taking this class…



The further behind you will be when you finally decide to take the seminar.









Note:





Everyone met Courtney in Denver.


She started trading Forex 21 days ago, and is up + 40% from her initial monies.


She will help you, if you want to set up a Forex Class.*











Murrey Math Marketing Incentives:








1) Price is reduced as attendance increases (details per Ron Rossway 303-750-5176)*




2) Use of The Murrey Math Trading Software Program "free" for 60 days after classes ($200.00) value*




3) Free 30 days use of real time, if still offered by www.quote,com*




4) Free (8) Murrey Math hotComm Classes starting the next week after classes*




5) Free access to Forex Classes, if you open an account and fund and trade it*




6) 25% discount on Murrey's software, if you come to class and two-pay or four-pay by one week after class.*







About T. Henning Murrey



T. Henning Murrey developed his own approach to the markets after reading one of W. D. Gann’s books. Murrey found the missing elements, and from this simple start, he built his own model of market movement and future price predictions.



The Murrey Math System applies to any market and gives specific predictions for price direction and reversal odds. All markets are reversing off one number, or a fraction of this number, discovered by Murrey in 1993-94.



Murrey wrote his book in 1993-94: The Murrey Math Trading System



Murrey has live online coaching classes, and teaches in cities around the world, and throughout the United States. Murrey has taught (coached) in:



Foreign Countries:

London, Paris, Stuttgart, Frankfurt, Toronto, the Bahamas

Australia: Gold Coast, Sydney, Melbourne, Tauwoomba



USA:

Seattle, San Francisco, Tiburon, Sand Diego, Long Beach, Tustin, Irvine, Santa Ana, (30 times), Glendora, Las Vegas, Phoenix, Oklahoma City, San Antonio, Nashville, Memphis, Knoxville, Tampa, St. Petersburg, Destin, Navarre, Rockville, Hyattsville, Washington D.C., Atlanta, Raleigh, Chicago, New York City



CBOT:

Chicago Board of Trade

2000 met with (then) Chairman of the Board: Mr. Patrick Arbor



CME:

Chicago Mercantile Exchange:

Labor Day Week: 2002



CBOE:

Chicago Board of Options

May 18, 19 2006






The cost per seminar attendee is now estimated at $525 for the 4-day Murrey Math Seminar.



This price will be adjusted for the actual attendance at the seminar.





To Register for the Denver 4-day Murrey Math Seminar, or for more information contact:


























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Trade what you see - Not what you think :money:
summit, are you going? I was at his 1/2 day with the DTG group during the summer.
Hi,
I can't find murrey math indicator in this forum. Can someone else poast the indicator please?

Thanks in advance.

QS.
"Invest With The Insiders, Not The Masses" George Muzea
Quoting Qu|cksilver
Hi,
I can't find murrey math indicator in this forum. Can someone else poast the indicator please?

Thanks in advance.

QS.
I'm not sure which one you wanted but here is 3 of them that I had also I have 1 more I will post next. Valerie....
Attached Files
File Type: mq4 Murrey_Math_Line_X_eng.mq4   13 KB | 3,547 downloads
File Type: mq4 Murrey_Math_Modified.mq4   10 KB | 3,006 downloads
File Type: mq4 Murrey_Math_Modified1.mq4   10 KB | 3,247 downloads
Quoting Qu|cksilver
Hi,
I can't find murrey math indicator in this forum. Can someone else poast the indicator please?

Thanks in advance.

QS.
Here is the other one.Valerie....
Attached File
File Type: mq4 Murrey_Math_MT4_VG.mq4   10 KB | 3,838 downloads
Quoting amaruenterprise
Here is the other one.Valerie....
This indicator use on what timeframe?

QS
"Invest With The Insiders, Not The Masses" George Muzea
any time frame.
I like it best on 15M
I like it set to 64
Profit is where readiness meets Opportunity
Can someone explain to me how to use the mMML and bMML values? Right now, I just use the regular Murrey Math, but am not sure how mMML and bMML plays into trading. I had tried reading the MM sites in this thread, just beyond my me.
et phone home,
the mMML and bMML values refer to which Murrey indicator name?
CCI decipherer
  • Post #18
  • Quote
  • Edited at 10:38pm Jan 7, 2007 10:27pm | Edited at 10:38pm
I luve murry math and like to trade it on a 5min time frame

But its a lot of work to sit there for 20+hrs waiting for that perfect set up

Here's a thread w/ some of my murry:
http://www.forexfactory.com/forexfor...ght=murry+math

turbo
Attached File
File Type: zip MurreyMathAltButtons.zip   16 KB | 3,406 downloads
Quoting sogt725
et phone home,
the mMML and bMML values refer to which Murrey indicator name?
I do not understand how the Murrey Math calculations work,I just know they are good to use, I guess they are almost like pivots. Anyhow, some indicators posted the bMML [baby murrey math lines] and mMML [minor murrey math lines]. I was wondering how they are used in trading if at all.
Turbokaos//
Would you mind posting the Murrey Math Indicator that I have
seen you post on some charts? Will that version work for MT4? If you
are unable to do so thanks anyway. Yours just looks good on the charts
you have posted.
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