All "Murrey's Maths" developments (at least most of them) are based on Tim Kruzel notes widely available on the net.. Murrrey's book is rarely quoted by users. I assume that very few people have read it or own it. The following post from a developper/programmer (2002) is for your information : I had direct interchanges with Tim some 18 months to 2 years ago and noted or recall the following: 1) his widely disseminated notes were a rough draft; Tim Kruzel never intended for them to "get out" - that just kind of happened after he posted his e-mail...
But, only Murrey knows Murrey's actual algorithm! Tim doesn't know it, I don't know it. It is just incorrect .... because Murrey has IMHO NO ALGORITHM. !a) Murrey has no programming ability b) Murrey lives in Nashville (Tennessee) c) The developper of Murrey's software (Krystof Werling) lived in Germany at the time. d) Murrey is a disorganised person proof is in the book he wrote, in his articles, in his behaviour with customers etc. IMHO I am not sure he understands the rigourousness and work necessary to develop a trading software...
Flaws to every approach Hmmmmmm I am not going to try and say Murrey as hit upon the Holy Grail, far from it, but if you take a little time to think about it, he is always right. Why do I say this, easy , he does a chart shift when he is wrong, as Parisboy would say think Russian Dolls, so in my humble opinion you must look at more than one Octave setting when deciding to trade from a smaller time frame OB/OS area, in short, chart shifts are telling you if a trend is in place. I keep reading Buy low Sell high, Buy support Sell resistance, sounds...
{quote} What I do like is the Gann 1/8th's where the swing high to swing low major octive is broken up into smaller octives, then based on trading TF preference and associated ranges one can simply then reduce any octive into another range of 8 mini octives.
I give all credit to Gann for the octives
at the end of day what really matters is a trading methodology that is easy to understand, easy to apply, is reduced to its most basic elements and shows a longer term consistent gain at a respectable drawdown ! Masterrmind.............
{quote} Bravo! This really seems the essence of what we are all trying to do (and the three of you have clearly admirably succeeded) My question for the moment is where to enter with attention to breaking down the major octave to 8 minor octaves . . . Since any MML is defined (I think) as extending up or down from the actual line by up to 1/2 the distance to the next line, so we have a range of sorts for each MML. It is tempting, using old habits, to wait for PA to show itself in this zone for continuation or reversal. Would any of you care to share...
{quote} Yes in fairness to the Murrey Math approach you are right as I have also mentioned before, that if you have not taken the real Murrey Math course and purchased the Murrey Math software and understood it to a very high level then you can have no real authority on Murrey Math Trading System. I fit into the class of traders that does NOT have any authority on Murrey Math trading. As far as the approach taken here in the MTTTM method is concerned I apply a simple almost mechanical approach using the MML levels (originally coded by Vladislav...
