{quote} Next homework: Murrey Math !!
- #4,441
- Edited 5:36am Jun 6, 2022 5:08am | Edited 5:36am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
- #4,443
- Jun 6, 2022 6:07am Jun 6, 2022 6:07am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
{quote} by the way aptx IMHO there is nothing as "Murrey Maths" which is in itself an uncorrect, megalomaniac and deceiving labeling !
"Murrey Maths" is just a specific variant of the original scaling methodology used by Gann : the division by 8 of a Price Range between a Low and a Top.
Nobody can pretend that the division by 8 of an interval is a significant breakthrough in Mathematics. It is just a simple arithmetical operation.
Anyway we have to give credit to T.H. Murrey to have widely popularized a specific variation of the Gann Scaling methodology relativey to the Lows and Tops used to determine the Price Range having to be divided by 8.
More on the subject soon
- #4,445
- Jun 6, 2022 6:29am Jun 6, 2022 6:29am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
{quote} Dave- i really wonder with so many lines and curves on your screen how you manage to trade :-)
- #4,446
- Jun 6, 2022 6:32am Jun 6, 2022 6:32am
- Joined Jan 2015 | Status: Trader | 5,146 Posts
{quote} Why "Murrey Maths " do not really exist ?
Obviously I do agree with you, and I have said in my opinion, to make a guru software package he had to assign some sort of fixed formula
Not saying its right or wrong
All I can say it simple consistent and looks at times good on the eye
- #4,449
- Jun 6, 2022 9:32am Jun 6, 2022 9:32am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
{quote} by the way aptx IMHO there is nothing as "Murrey Maths" which is in itself an uncorrect, megalomaniac and deceiving labeling !
More precisely from the booklet "The basis of my Forecasting Method" where Gann describes his Angle methodology.
What is Gann Angle Methodology ? In short Gann draws a "Square" from a significant Low or Top and divides the 90 ° in 8 Angles with an interval of 11,25°
It acts as a roadmap, a "grid" to "read" and analyze Price Action. Swings.
Basically the Angles are Diagonals.
You do not need to be a rocket scientist to use Horizontal Lines instead of Diagonals.
But Gann had never written another booklet ' The basis of my Forecasting Method II" where Horizontal Lines are substituted to Diagonals.
If Gann has several times written in his books that Price Range between a Top and a Low could be divided by 8. , Gann has not really generated analysis on this basis and never published in his late books even one only chart showing 8 horizontal Lines. Curious isn't it ?
Anyway Gann died in 1955. Murrey published his "book" at the beginning of the 90's. 1993 ŕr 1993 I believe.
Nobody , at least to my knowldge, is able to show something about the division of the Price Range by 8 (9 Horizontal Lines) between 1955 and 1990 ? Curious
And suddenly at the beginning of the 90's comes Murrey and his Murrey Maths and his MML's (Murrey Maths Lines)
At this point As for the time lines, you might be interested in the following which are portions of two messages from Bonnie Hill (her website is http://home.flash.net/~blhill/pages/murrey.html).
I need to give a little history of "Murrey Math".
"Murrey Math" is based on a course written by W D Gann. When Murrey put his mother into a rest home, Murrey found the course when he cleaned out her house. Murrey used this material as the basis for "Murrey Math".
In the early days, Murrey gave Gann credit for the material. As the years passed, Murrey has "forgotten" where the ideas came from :-) There are several ideas in the course which Murrey did NOT understand correctly. That is why some of the techniques seem great and some seem a little "strange".
The starting point for the 4th quarter is actually the midpoint between the Earth's perihelion and aphelion. This date is approximately October 2nd.
The date can be shifted due to trading days or lunar aspects (Full/New Moons, etc) which occur close to this date.
Murrey's "birthday, etc" is pure nonsense. If you have a copy of this particular Gann course you know EXACTLY where "Murrey Math" came from. I have "Murrey Math" charts which I drew over 10 years before I ever saw the "Murrey Math" manual :-)
Best wishes,
Bonnie Lee Hill
you have to note that Bonnie Hill :
- does NOT indicate which "particular" Gann Course it is, where to find or buy it
- does NOT explain WHY the "starting point" should be at the beginning of October
- does not explain what are the "several ideas in the course which Murrey did NOT understand correctly."
- does not show us Murrey-like charts before Murrey
- #4,450
- Edited 9:55am Jun 6, 2022 9:37am | Edited 9:55am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
BTCUSD 1 mn
Long Follow Up
Status + 1.900 points
Ryuryu who banned me from his thread is an asshole and a bullshitter
https://www.forexfactory.com/thread/...8#post14019458
Long Follow Up
Status + 1.900 points
Ryuryu who banned me from his thread is an asshole and a bullshitter
https://www.forexfactory.com/thread/...8#post14019458
- #4,451
- Jun 6, 2022 10:04am Jun 6, 2022 10:04am
- Joined Mar 2009 | Status: Trader | 2,571 Posts
{quote} Dave is extremely moderate relatively to the use of lines and curves on a chart !
- #4,453
- Edited 12:33pm Jun 6, 2022 10:15am | Edited 12:33pm
- Joined Oct 2017 | Status: Trader | 12,472 Posts
- #4,455
- Jun 6, 2022 12:17pm Jun 6, 2022 12:17pm
- Joined Oct 2017 | Status: Trader | 12,472 Posts
{quote} This is your Captain speaking on your Dax flight from Birmingham to Octave 8 to keep you informed there is heavy cloud cover over Octave 8 and does not look like lifting so I am afraid we will have to turn back and check out status of Octave 7 , 6 and re fuel {image}
Dave you have fully understood how to trade with Gann Diagonal Angles and Murrey Horizontal Lines
That is an excellent shortcut : concise and efficient
- #4,456
- Edited 1:08pm Jun 6, 2022 12:43pm | Edited 1:08pm
- Joined Oct 2017 | Status: Trader | 12,472 Posts
Let's go back to the Murrey Maths which does not really exist.
We are in 2022 . To analyse and trade Price Action it is irrelevant to know who has invented what.
Our interest , if we are real traders , is "does it work " ?
The answer is YES. Both threads quoted above are full of examples showing that fact.
But it does not work the way it is advertised
FF is full of guys having used Murrey Maths Lines (MML). You can find tons of EA with MML's on FF.
Concretely it is of no use
Why is it of no use ? look at the threads using MML's their life is short. Because the question is not technical - how to divide the Price Range in 8 - what is the best EA to do it.
The question is FIRST - what are the consequences, all the consequences of using the division of the Price Range by 8 for your trading
Then SECOND only how to trade MML's (the 9 Horizontal Lines which divide the Price Range in 8 equal intervals)
The FIRST question is never discussed on the various Murrey threads.
The answer to the SECOND question is : you can not trade using MML's only
This fact is proved by the fact that all Murrey's threads are after a while inactive.
If you could trade ONLY by using MML's , these threads would be active, at least some of them.
But as the guys have not worked and understood the theory ( I am not a theoretician , I am just a guy looking to make money etc), they do not understand why it does not work the way they thought it was.
Then we face the Elliott Syndrome - it does not work on a regular basis, but it looks interessant and some times you really have a 12345ABC move. Hence we stay awake and keep an eye open , just in case we could miss something.
Same for MML's a very good system in hindsight or for analysis, but how to trade these lines ? where to enter ? when. where to exit ? where to position your >Stop Loss ?
We are in 2022 . To analyse and trade Price Action it is irrelevant to know who has invented what.
Our interest , if we are real traders , is "does it work " ?
The answer is YES. Both threads quoted above are full of examples showing that fact.
But it does not work the way it is advertised
FF is full of guys having used Murrey Maths Lines (MML). You can find tons of EA with MML's on FF.
Concretely it is of no use
Why is it of no use ? look at the threads using MML's their life is short. Because the question is not technical - how to divide the Price Range in 8 - what is the best EA to do it.
The question is FIRST - what are the consequences, all the consequences of using the division of the Price Range by 8 for your trading
Then SECOND only how to trade MML's (the 9 Horizontal Lines which divide the Price Range in 8 equal intervals)
The FIRST question is never discussed on the various Murrey threads.
The answer to the SECOND question is : you can not trade using MML's only
This fact is proved by the fact that all Murrey's threads are after a while inactive.
If you could trade ONLY by using MML's , these threads would be active, at least some of them.
But as the guys have not worked and understood the theory ( I am not a theoretician , I am just a guy looking to make money etc
), they do not understand why it does not work the way they thought it was.Then we face the Elliott Syndrome - it does not work on a regular basis, but it looks interessant and some times you really have a 12345ABC move. Hence we stay awake and keep an eye open , just in case we could miss something.
Same for MML's a very good system in hindsight or for analysis, but how to trade these lines ? where to enter ? when. where to exit ? where to position your >Stop Loss ?
- #4,460
- Edited 2:51pm Jun 6, 2022 1:56pm | Edited 2:51pm
- Joined Oct 2017 | Status: Trader | 12,472 Posts
If you do the Murrey Maths Tim Kruzel Notes on Murrey Maths have been downloaded 5769 times.
Where are those guys ?
Tim Kruzel notes are a summary of original Murrey writings.
Tim Kruzel notes are the basis of all Murey's MML's EA on FF
Where are those guys ?
Tim Kruzel notes are a summary of original Murrey writings.
Tim Kruzel notes are the basis of all Murey's MML's EA on FF