Parisboy, I have some thoughts on Murrey & would appreciate your input & views.In my years of studying Gann & Murrey it appears Murrey Math has several similarities to Gann's Square of 9. It further appears the Murrey Math is T.H. Murrey's own self devised derivative of Gann & the Square of Nine & maybe other Gann methods.Currently I do not use Murrey Math in my trading, but I do see much merit in its use. Gann & his methods of trading have spawned several spinoffs with varying names & a cast of characters that sing the praises of the methods. Gann...
In fact for me I always considered the Frost / october Starting Date as pure Bullshit
You can definitely start your chart at whatever point you want. As I wrote at the IPO Date or at whatever Low or Top of your choiceCould someone code a better Murrey software that runs in real time, or is that not possible due to copyrights protections? Several years ago,
Terry Pascoe is doing that presently using Trading View
I used a MM MT4 indicator that someone shared with me that was very good in that price seemed to respect the levels.
As always the guys programming EA's in MT4 on FF are just programming a tool. They do not use it for trading. Others try to do it. That we can infer from what everybody and his friends wrote on the dedicated threads (which are short living and dead) Because the question is not the "exactness " of the Lines , but the understanding of the system ( Octave , Halving, Doubling, role of Baseline, role and importance of the Halfway Line. How to trade the Lines)
It further appears the Murrey Math is T.H. Murrey's own self devised derivative of Gann & the Square of Nine & maybe other Gann methods.
If you are concerned about price levels they are unaffected by the start date. 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).
Bill
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, he found the course when he cleaned out her house. He used this material as the basis for "Murrey
Math". In the early days, he 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
PB comment : Nobody has ever publicly seen this specific Gann Course
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