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Murrey Math indicator is very useful in Forex

  • #61
  • Dec 15, 2020 6:56am Dec 15, 2020 6:56am
Quoting OAPDave
Its just Geometry, Fractals sprinkled with a little Range and Range Expectation and common sense But mainly its your EYES and if you believe what they see {image}
a lesson from dave hopefully

how do you set your levels? again also how do you fix your grid i notice you fixed the to the 5min perhaps if we fix to the m15 and h1 for trade on the 5 min ?i have these inputs for murry

fond regards humble yard brush

i do recall you saying you fix from one point in the year however cant recall where post was
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  • #62
  • Dec 15, 2020 8:00am Dec 15, 2020 8:00am
Quoting OAPDave
{quote} I see you are in the Uk same as me and you like to trade like a rabbit So lets use a little common sense (now this might not be by the book) 5 min Chart How many 5min bars in a day 1 day = 288 nearest Murrey number 256 Now, how do you divide the day up into 1/8 ths Simple, do a Swede alter your Fib Time zone tool to enclose the day by 8 equal lines Now to be honest I have done to 1/16 makes ( just makes the boxes look more like a square) {image}
why do you find the sqauring useful? or how could it be useful?

with the number set to 5 mins? do you need to set the number differently for other time frames ? so would m15 murry number input be different ?
  • #63
  • Dec 15, 2020 9:42am Dec 15, 2020 9:42am
Quoting OAPDave
{quote} I have an opinion on squaring but I would rather not go into it, lets just say I see its value but its never stopped me trading with out it I will let you have a play with the Numbers but lets just say you are trading the 60min chart and you wanted to view 5 days back data what number do you think you would use ? Remember it might not be to the book but Does the Chart look and make sense to your eyes, does Price respect some of the levels ?
i have not read enough to give an answear sadly

i must read more forgive the inactivity you speak of murry numbers and i have not read it yet you picked 256 earlier so i need to undersand why and not other numbers and what those other numbers even are ect ect
  • #64
  • Dec 15, 2020 9:43am Dec 15, 2020 9:43am
Quoting OAPDave
Daily 256 why 256? No start date No Squaring No Boxes Just let the Indicator look back in time and reset when needed Do the levels look good on the eye ? {image}
256 you said was a murry number however when you explained it on the 5 minit you said it was to do with the bars in a day being closest to the murry number on the dayly i have no idea
  • #65
  • Dec 15, 2020 10:26am Dec 15, 2020 10:26am
Quoting OAPDave
{quote} Its give or dam how many trading days in a year unfortunately we have to but up with a small Sunday bar 256 one year 128 1/2 year 64 quarter of a year 32 1/8th year all for Daily Charts {image}
imformative thankyou is this the method you use all the time? personally and what do you like the most about it
  • #66
  • Dec 17, 2020 7:12am Dec 17, 2020 7:12am
Quoting OAPDave
{quote} A gift for you Parisboy and Murrey {image}
okay youve pricked my intrest paps

sincerly

yard broom
  • #67
  • Jul 4, 2021 6:35pm Jul 4, 2021 6:35pm
Quoting parisboy
{quote} Thanks Dave but it is just a work I have done first for me. Then why not to share what I would have liked to find to better understand Murrey. {file} {file}
Seems i have failed to locate Ch 7, which one is it. On a different note do u have all the content in a pdf format ebook. ??
Success comes from Research, Practice and Testing
  • #68
  • Jul 23, 2022 9:44am Jul 23, 2022 9:44am
Quoting RoninTheory
{quote} i have not read enough to give an answear sadly i must read more forgive the inactivity you speak of murry numbers and i have not read it yet you picked 256 earlier so i need to undersand why and not other numbers and what those other numbers even are ect ect
What numbder you choose for 1 hr and 4 hr an daily tf?
  • #69
  • Jun 26, 2023 1:15am Jun 26, 2023 1:15am
Quoting parisboy
{quote} Thanks Dave {file} {file}
could you upload complete pdf of new version of murrey
Murrey Math Trading System for All Traded Markets by T.H. Murrey

  1. Table of Contents

    1. Chapter 1. Setting up Mathematical Rhythm for your Stock
      (Setting up range of Fluctuation and not off high or low)
    2. Chapter 1 Part 2. Setting up Murrey Math Lines

      1. a) Mathematical significance of each major M.M.L.
      2. b) Colors for each 1/8 M.M. Line.
      3. c) Rhythm changes for stocks between 100,000 to zero
      4. d) Recognizing natural bidding 1/8th


    3. Chapter 2 Setting Up Moving Averages (2 Rhythms)

      1. a) Fiscal year 5-20-50-89
      2. b) Up market position
      3. c) Down market position
      4. d) zig zag market conditions
      5. e) Classic wrong correct signal
      6. f) bond market cycle averages


    4. Chapter 3 Watching Time Reversal Signals

      1. a) Consolidation time reversals highs
      2. b) Consolidation time reversals lows
      3. c) Time coversion
      4. d) Watch volume at lows
      5. e) Many weeks in narrow range
      6. f) Watching time reversals signals
      7. g) Market number of days when it should reverse
      8. h) Watch for reversals after 5 days, weeks, months, years
      9. i) Watch for reversals in bear markets


    5. Chapter 4

      1. a) Single
      2. b) Double
      3. c) Triple
      4. d) Variation
      5. e) Double M
      6. f) 5 Spikes


    6. Chapter 5

      1. a) High volume
      2. b) Ascending stairs
      3. c) descending stairs
      4. d) up chevron
      5. e) down chevron


    7. Chapter 6 Special Situations

      1. a) Open interest
      2. b) Speed of prices
      3. c) Day 3 is critial
      4. d) Move up your stop
      5. e) 50% of long candles
      6. f) Best entry positions
      7. g) 7-10 day S rule
      8. h) Short Legged W bottom
      9. i) Secondary bottoms and tops
      10. j) Secondary Tops
      11. k) 4 to 7 Topping out
      12. l) Pivot Price
      13. m) Time off 1st Bottom
      14. n) 3rd Day
      15. o) Two Rules that are opposite
      16. p) Minor 50% Point
      17. q) Proof Gann didn't choose to tell it exact
      18. r) 6 down 1 up


    8. Chapter 7

      1. Part II. Practice Sheet
      2. Part III Learning to Read Japanese Candlesticks
      3. Part IV Look at Raw Chart and Set Moving Momentum
      4. Part V Selling the Square in Time
      5. Part VI 5 areas of Conflict
      6. Part VII 19 or 39 Cent Reversal
      7. Part VIII Options Trap


    9. Chapter 8 Harmonic Rhythm
      8th Grade Math Ruels to Set the Trading Rhythm for your stock


  • #70
  • Last Post: Oct 8, 2025 7:19pm Oct 8, 2025 7:19pm
Happy Birthday
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