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  • #10,501
  • Aug 22, 2016 6:09am Aug 22, 2016 6:09am
Quoting OAPDave
Naughty boys even played it on the Dax, few more charts aswell but will not post them all {image}
Dave,
Do I get it right that in the case of Murray Math TimeFrame indicator, the periodtotake field determines the periodicity of indicator's "self-updating", i.e. if you set the value at 240, the indicator will update every 4 hours, if you set this value at 60, the indicator will self-update on every hour, etc.
Is this how it works?
Thank you.
  • #10,502
  • Aug 22, 2016 6:29am Aug 22, 2016 6:29am
Quoting MidnightRun
{quote} Dave, Do I get it right that in the case of Murray Math TimeFrame indicator, the periodtotake field determines the periodicity of indicator's "self-updating", i.e. if you set the value at 240, the indicator will update every 4 hours, if you set this value at 60, the indicator will self-update on every hour, etc. Is this how it works? Thank you.
Just look at it being a look back bar counter as you say if you are on a 1min chart and set Murrey to 60 you would be looking at 60mins of back data, If you are on a 1 hr chart with Murrey set to 60 you would be looking at 60hrs of back data, like wise if on Daily you would be looking at 60 days of back data, To be honest you only need Murrey set to 64 on ALL TIMEFRAMES then at levels you can say that you are OB/OS, If you have a look at the post I linked it is the best post I have ever read on F/Factory about any method it as help me 100% in my understanding of Murrey Maths
  • #10,503
  • Aug 22, 2016 6:57am Aug 22, 2016 6:57am
Quoting OAPDave
{quote} Just look at it being a look back bar counter as you say if you are on a 1min chart and set Murrey to 60 you would be looking at 60mins of back data, If you are on a 1 hr chart with Murrey set to 60 you would be looking at 60hrs of back data, like wise if on Daily you would be looking at 60 days of back data, To be honest you only need Murrey set to 64 on ALL TIMEFRAMES then at levels you can say that you are OB/OS, If you have a look at the post I linked it is the best post I have ever read on F/Factory about any method it as help me 100%...
Thank you very much Dave.
  • #10,504
  • Aug 22, 2016 7:02am Aug 22, 2016 7:02am
Quoting MidnightRun
{quote} Thank you very much Dave.
Any time my friend, we are all here to help one another to make green pips no matter what direction we have to go to achieve that goal
  • #10,505
  • Aug 22, 2016 7:10am Aug 22, 2016 7:10am
Quoting OAPDave
{quote} Any time my friend, we are all here to help one another to make green pips no matter what direction we have to go to achieve that goal
Think I should go in the direction of the pub.......
  • #10,506
  • Aug 22, 2016 7:14am Aug 22, 2016 7:14am
Quoting Pipglutton
{quote} Think I should go in the direction of the pub.......
Only if they have got live trading screens but trading and too much beer might just be harmful to the account, so caution needed
  • #10,507
  • Aug 22, 2016 10:50am Aug 22, 2016 10:50am
Update on the Gbp/Usd, I have only taken the 1 trade today, but the chart turned out to be a nice expansion of Daily range were you could have place nice controlled risk reward trades
Attached Image (click to enlarge)
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  • #10,508
  • Aug 22, 2016 12:51pm Aug 22, 2016 12:51pm
Quoting OAPDave
Update on the Gbp/Usd, I have only taken the 1 trade today, but the chart turned out to be a nice expansion of Daily range were you could have place nice controlled risk reward trades {image}
Hi Dave found this post regarding Murrey Math on another thread, I think its quite informative and detailed, what do you think?

Quoting xcalibur
{quote} I agree also, that MM does not need any additional indicators for confirmation. I have been trading with a large group for many years, successfully, and we do not use any additional indicators, but rather, simply the price dynamics of the markets of both higher and current time periods. I have made this information available in other locations, so if I may with your permission, I would like to present how we use MM/Gann, the Octaves, etc, with the full circles of conflict, etc. Before I get into this, I want to express my appreciation to...
  • #10,509
  • Aug 22, 2016 2:27pm Aug 22, 2016 2:27pm
Quoting gal007
{quote} Hi Dave found this post regarding Murrey Math on another thread, I think its quite informative and detailed, what do you think? {quote}
Yes my friend, that's the one I have been quoting in my last few posts, I think its the best post explaining a method I have ever read on F/Factory, for a guy to go into that amount of detail is quite remarkable bearing in mind that he seems to have traded it for 10years before even posting, well worth a read.
  • #10,510
  • Aug 23, 2016 2:37am Aug 23, 2016 2:37am
Gbp/Usd open, no lagging indicators here
Attached Image (click to enlarge)
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  • #10,511
  • Aug 23, 2016 4:11am Aug 23, 2016 4:11am
Update, You have the 60min chart here are the Daily and the 1min, all set to 64
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  • #10,512
  • Aug 23, 2016 2:52pm Aug 23, 2016 2:52pm
Missed the early easy buy today, took what turned out to be a tough trade, had to break a round number, got fed up with it, so just clicked out for +6.6 pips, its the same 60min chart I posted this morning just from a different platform
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  • #10,513
  • Aug 24, 2016 4:39am Aug 24, 2016 4:39am
Started the day off with a power cut of all things, only just got back on, so here is a view of a 1min chart which clearly shows an oversold condition in a longer term uptrend
Attached Image (click to enlarge)
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  • #10,514
  • Aug 24, 2016 5:07am Aug 24, 2016 5:07am
Quoting OAPDave
Started the day off with a power cut of all things, only just got back on, so here is a view of a 1min chart which clearly shows an oversold condition in a longer term uptrend {image}
Morning Dave,
Do you view it as "an oversold condition" because price is below the 3/8 bottom of trading range line?
Thanks
  • #10,515
  • Aug 24, 2016 5:34am Aug 24, 2016 5:34am
Quoting MidnightRun
{quote} Morning Dave, Do you view it as "an oversold condition" because price is below the 3/8 bottom of trading range line? Thanks
Hi hope you are well, thanks for the question, in strict Murrey terms he states the following, 5/8ths to 8/8ths PREMIUM TRADING AREA 3/8th to 5/8ths NORMAL TRADING AREA, 0/8ths to 3/8ths CONSOLIDATION AREA so that means to me when price exceeds either 0/8ths or 8/8ths it starts to become O/B or O/S must own up to liking that guy Excalibur way of explaining things much more easy the way he writes to understand what price is doing, than Murrey's style of writing. Now do not forget to see were price is on say a 60min then drill down to a shorter timeframe to get a cheaper entry with a minute you can drop Clive's excellent style of entries on your chart and if they line up bingo, me I just have to keep the Daily in mind and also the range expectation be it daily or weekly, hope that helps in some way, but I will just leave you with this I have never made contact with Excalibur (wish I had) but I read his post most days to keep my head as clear as possible at my age to stay on track as best as I can with this Murrey Method
  • #10,516
  • Aug 24, 2016 6:05am Aug 24, 2016 6:05am
Quoting MidnightRun
{quote} Morning Dave, Do you view it as "an oversold condition" because price is below the 3/8 bottom of trading range line? Thanks
The hardest thing about Murrey is the Chart shift, I still struggle with it, but think of it as just a normal indicator that has to reset to adapt to price, if you look at this 60min chart it as just now reset as the price as moved out of its square of time & price but say on the daily it has not
Attached Image (click to enlarge)
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  • #10,517
  • Aug 24, 2016 7:08am Aug 24, 2016 7:08am
Very messy...... have to clean it up!
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  • #10,518
  • Aug 24, 2016 7:32am Aug 24, 2016 7:32am
Quoting Pipglutton
Very messy...... have to clean it up! {image}
See your back from the pub and seeking vengeance brilliant mate nice trade does not matter a hoot what you use as long as it turns out green pips, what ever you were drinking send me some, now had 2 power cuts, hope you do not mind just had a look at your trade with just my 64 meaning no disrespect at all
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  • #10,519
  • Aug 24, 2016 11:15am Aug 24, 2016 11:15am
Guys, can I ask a question, IF you had to open and close your trade within a 60min candle/bar, how many pips would you expect
Attached Image (click to enlarge)
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  • #10,520
  • Aug 25, 2016 3:43am Aug 25, 2016 3:43am
Quoting OAPDave
{quote} See your back from the pub and seeking vengeance brilliant mate nice trade does not matter a hoot what you use as long as it turns out green pips, what ever you were drinking send me some, now had 2 power cuts, hope you do not mind just had a look at your trade with just my 64 meaning no disrespect at all {image}
Hi Dave.
No offense taken. Appreciate your input here.
Looking back, I jumped out 44pips early like a real donkey!
I am going to run your 64 on a separate screen. All these indi's I am using clutter my screen so much there's no place for anything more.

Your candle above gave 15.1 A really nice one gives around 35 to 45 pips
Rgds
Pieter
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