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  • #293,661
  • Sep 18, 2010 4:39pm Sep 18, 2010 4:39pm
If the recently quite popular Murray Math Lines have any meaning, we are retesting the bottom of the trading range (+slippage) on a weekly chart, which is the 8/8-Level on all lower timeframes.

There is a chart available depicting the probability that price reverses after moving M/8ths in levels in N/8ths in time, but it actually doesn't cover the interval of 64.

I have used the commonly used indicator MML_MultiOptionv1.24 and adjusted the time variable accordingly to achieve these results.
Attached Image
  • #293,662
  • Sep 18, 2010 4:44pm Sep 18, 2010 4:44pm
This could be Interesting
Attached Image (click to enlarge)
Click to Enlarge Name: 12345.gif Size: 18 KB
Senior Trader Multi-Account Manager
  • #293,663
  • Sep 19, 2010 12:20am Sep 19, 2010 12:20am
Quoting Mr Hatch
If the recently quite popular Murray Math Lines have any meaning, we are retesting the bottom of the trading range (+slippage) on a weekly chart, which is the 8/8-Level on all lower timeframes.

There is a chart available depicting the probability that price reverses after moving M/8ths in levels in N/8ths in time, but it actually doesn't cover the interval of 64.

I have used the commonly used indicator MML_MultiOptionv1.24 and adjusted the time variable accordingly to achieve these results.
whatever , may be 3183 comes in coincidence but once again break & hold should devastating action for bear , overshoot to direct 0/8mm support next upper cycles if in all tf!!
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #293,664
  • Sep 19, 2010 12:25am Sep 19, 2010 12:25am
Quoting lorix
This could be Interesting
Everything possible in forex but not expecting over 81.71/86 this time , in down trend now & bear contiuation in nature , no reversal perhaps though on great support.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #293,665
  • Sep 19, 2010 1:19am Sep 19, 2010 1:19am
I think we are going to see a gap up tomorrow, then it is going trend down. Just a thought.
  • #293,666
  • Sep 19, 2010 1:26am Sep 19, 2010 1:26am
Can Anyone recommend a good fx news service? Not looking for signals but I often forget about important news releases or upcoming data etc.
  • #293,667
  • Sep 19, 2010 2:16am Sep 19, 2010 2:16am
Quoting scalaada
I think we are going to see a gap up tomorrow, then it is going trend down. Just a thought.

OK gap up?

we sold off on friday so why would it gap up even if it would gap??????

cmon man.....
  • #293,668
  • Sep 19, 2010 3:39am Sep 19, 2010 3:39am
Quoting scalaada
I think we are going to see a gap up tomorrow, then it is going trend down. Just a thought.
That thought NEVER occured to me...that would be so strange. What gives you that thought? Did the Irish banks get easy funding?
  • #293,669
  • Sep 19, 2010 3:56am Sep 19, 2010 3:56am
Do you Irish problems will drive the price below 1.3000 this week?
  • #293,670
  • Sep 19, 2010 5:06am Sep 19, 2010 5:06am
Quoting dptrader
Do you Irish problems will drive the price below 1.3000 this week?
I think so
  • #293,671
  • Sep 19, 2010 5:33am Sep 19, 2010 5:33am
Quoting dptrader
Do you Irish problems will drive the price below 1.3000 this week?
Not sure about that, heres some news today

http://www.independent.ie/national-n...s-2343673.html

Mark
  • #293,672
  • Sep 19, 2010 8:05am Sep 19, 2010 8:05am
Quoting Mr Hatch
If the recently quite popular Murray Math Lines have any meaning, we are retesting the bottom of the trading range (+slippage) on a weekly chart, which is the 8/8-Level on all lower timeframes.

There is a chart available depicting the probability that price reverses after moving M/8ths in levels in N/8ths in time, but it actually doesn't cover the interval of 64.

I have used the commonly used indicator MML_MultiOptionv1.24 and adjusted the time variable accordingly to achieve these results.


Hello Mr. Hatch,

in Murrey Math the 3/8 Level is an important level:

3/8 th's Line (Bottom of Trading Range)

"If prices are below this line and moving upwards, this line is difficult to penetrate. If prices penetrate above this line and stay above this line for 10 to 12 days then prices will stay above this line and spend 40% of the time moving between this line and the 5/8 th's line."

Since Price penetrated this line on the daily and weekly chart early August 3 times and could not manage to keep above, this last attempt to break the 3/8 Line at Friday (which failed) was only a retest. A failed retest. So it failed for the fourth time. Meaning is: It is highly unlikely, that Price will climb to the 4/8 Level.

On 4h Chart it came from above and closed under the 3/8 level but not far enough to make a meaningfull prediction. If it closes a baby 2/8 under the 3/8 Level than wath for the 1/8, 0/8 or -1/8 level to be reached.

On 15 min chart it bounces between 3/8 and Pivot 4/8. Ithink it will challenge the Pivot on 15min chart with an overthrow, but can not manage to reach the next level at 30920


Best to you and have a nice sunday,

Markus
  • #293,673
  • Sep 19, 2010 8:27am Sep 19, 2010 8:27am
Quoting Mr Hatch
If the recently quite popular Murray Math Lines have any meaning, we are retesting the bottom of the trading range (+slippage) on a weekly chart, which is the 8/8-Level on all lower timeframes.

There is a chart available depicting the probability that price reverses after moving M/8ths in levels in N/8ths in time, but it actually doesn't cover the interval of 64.

I have used the commonly used indicator MML_MultiOptionv1.24 and adjusted the time variable accordingly to achieve these results.

Where did you get that? Looks interesting. Self-made or do you have some links to share? Thanks.
  • #293,674
  • Edited 10:19am Sep 19, 2010 9:14am | Edited 10:19am
Quoting fontu
whatever , may be 3183 comes in coincidence but once again break & hold should devastating action for bear , overshoot to direct 0/8mm support next upper cycles if in all tf!!
fontu
the +1/8 and +2/8 are still valid before entering the next higher octave, or do they become part of the next higher octave if 3183 is broken? if they have to be regarded separately, the term "octave" isn't really applicable, is it?
  • #293,675
  • Sep 19, 2010 9:57am Sep 19, 2010 9:57am
ECB President Trichet Speaks after 2H
  • #293,676
  • Edited 10:18am Sep 19, 2010 10:03am | Edited 10:18am
Quoting infinitus
Hello Mr. Hatch,

in Murrey Math the 3/8 Level is an important level:

3/8 th's Line (Bottom of Trading Range)

"If prices are below this line and moving upwards, this line is difficult to penetrate. If prices penetrate above this line and stay above this line for 10 to 12 days then prices will stay above this line and spend 40% of the time moving between this line and the 5/8 th's line."

Since Price penetrated this line on the daily and weekly chart early August 3 times and could not manage to keep above, this last attempt to break the...
thank you very much indeed, markus. i still need to establish the bMMLs and research for target-projection using this kind of math. my charts currently look like a mess, so i have to clean them up for the week ahead. murrey math is a highly interesting approach to determine what appears to be valid levels for the current market situation. i'm also keeping an eye on harmonic octaves, which are much more easily calculated if done manually. from the first glance they appear to be less accurate, but i have to spend some time with it.

Quoting Xismal
Where did you get that? Looks interesting. Self-made or do you have some links to share? Thanks.
handmade using numbers from iLife, just connected that to a database i created a few months ago which was meant to serve a completely different purpose.
  • #293,677
  • Sep 19, 2010 11:11am Sep 19, 2010 11:11am
Thanks for the reply Mr Hatch.

p.s. Your database looks neat and sweet
  • #293,678
  • Sep 19, 2010 11:28am Sep 19, 2010 11:28am
bp finally killed the well, unsure if it will effect dollar. no more heaping debt on bp.http://www.bloomberg.com/news/2010-0...-succeeds.html
  • #293,679
  • Sep 19, 2010 11:34am Sep 19, 2010 11:34am
Quoting dptrader
Do you Irish problems will drive the price below 1.3000 this week?
irish bond sales tuesday. will see if ecb help them out.
  • #293,680
  • Sep 19, 2010 11:35am Sep 19, 2010 11:35am
http://www.zerohedge.com/article/ecb...ops+to+zero%29
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