DislikedMurrey says he can predict turning points to within 4 days, so does this give us another way to scalp of Daily charts, perhaps the use of Daily range expectation might help with this {image} {image}Ignored
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DislikedMurrey says he can predict turning points to within 4 days, so does this give us another way to scalp of Daily charts, perhaps the use of Daily range expectation might help with this {image} {image}Ignored
DislikedMurrey says he can predict turning points to within 4 days, so does this give us another way to scalp of Daily charts, perhaps the use of Daily range expectation might help with this {image} {image}Ignored
Disliked{quote} I've been super busy refreshing my memory by reading over Gann and Murrey material. Most of Murrey's material revolves around the D1 candles. The circles of conflict and creating the Trading Frame are rather simple once read a few times. Creating a quarter of a years data meaning 13 weeks and then using 64 D1 candles (funny how 13 weeks*5days is 65 not 64, but I get it) I believe the creation of these circles at the intersections of the even octaves is also very simple in theory. The main issue might be in MT4 scaling of time with price....Ignored
Disliked{quote} I've been super busy refreshing my memory by reading over Gann and Murrey material. Most of Murrey's material revolves around the D1 candles. The circles of conflict and creating the Trading Frame are rather simple once read a few times. Creating a quarter of a years data meaning 13 weeks and then using 64 D1 candles (funny how 13 weeks*5days is 65 not 64, but I get it) I believe the creation of these circles at the intersections of the even octaves is also very simple in theory. The main issue might be in MT4 scaling of time with price....Ignored
Disliked{quote} Xard777 seemed to be on a mission to code a realtime version but it all seem to come to a sudden stop when MT4 did an upgrade, you are quite correct the Daily candle and End of Day software was what Murrey advertised, it was only after I found Xard777 realtime version did I go in pursuit of trying to find a way of trading it realtime that's why I have to use numbers and timeframes that make some sense to me, its been a lonely road never found anyone that traded it live that I thought was coming up with anything better than me, hence I always...Ignored
Disliked{quote} Thanks for the response. Although I was aking for coding progress at the end of the day I prefer to take the manual approach so I can see how it all fits together. The following is a little brain teaser (not really) but lets see who is able to answer it correctly. ============================================================================================= Who can correctly answer the following questions? Here is a chart of the EURUSD D1 TF. {image} The zone of interest is shown by the rectangle housing 16 completed D1 candles from Jan 3...Ignored
Disliked{quote} Here is picture of a correctly drawn Gann chart. Do not use the mt4 Gann angle tool if you want geometric precision. They have to be drawn by hand. Edit, Masterrmind I did have to move the 1/24 date back two days to achieve a square of 16 trading days and the geometric harmony. {image}Ignored
Disliked{quote} The MT4 Gann tool is highly sensitive to scaling and so it changes as soon as the price axis (or any axis) is altered. It can be drawn by hand as you say using the trendline angle tool or by using the Fib tool but you will need to convert the angles by re-calculating all the 9 Gann angles. Since both sides of the Gann Fan are symmetrical about the 1x1 line you will only need to make 1 fan and it can be used for L-H or H-L PA. Any reason your chart is showing only 3 Gann angles per fan instead of the standard 9 (less clutter perhaps?). Masterrmind...............Ignored
Disliked{quote} Yes, less clutter, those are the most important angles to watch. Do you see how price reacts to them? Another reason is that it is less laborious.Ignored
Disliked{quote} I'm not sure what advantage if any the circles of conflict would have so I might leave them alone and in any case I have noticed an enormous amount of inaccuracies in even how Murrey applied them. Only need to look at his work in some form of detail and you'll notice it ... some circles flatter than others, poor alignment and overlap too and other matters I need not address here. Another aspect might be the poor drawing quality of computers back in the 90's quite abit different from what we have nowadays. In any case I've setup multiple...Ignored
Disliked{quote} You are clearly smarter than the average bear. Fact is, Murrey fans and Gann fans do not get along at all. The main reason is that Murrey took a very small segment of Gann and built a whole system from it. But I have seen based on your query that you are competent in Gann theory. You chose the highest high and lowest low in a specific time period. That is how Gann squared his charts. The circles of conflict are just markers to be aware of. Ultimately PA rules.Ignored
DislikedMastermind, jmn5611, great work guys, I have Murrey's manuals and workbooks, not an easy read for me, you guys would have no problem though, Murrey sets all his Octaves from October 7th, the speed angles are 11 degrees slowest reverse angle 22 degrees normal speed 33 degrees faster reversals 45 degrees Best support/Resistance Normal for Indexes, faster reversals 56 degrees faster reversal 67 degrees fast reversals 78 degrees faster reverse angle he really only uses 22, 45 and 78Ignored
Disliked{quote} Question: Does he describe how to determine the speed angle on a currency pair? For a given currency pair we need the appropriate price to time scale which I think is determined once the MML lines are placed correctly on both the time and price axis ... then its clear to see 1 price unit to 1 time unit. Given this information then we can draw up the Trading Frame (using choice of 4,8,16,32,64,128,256,512, etc etc). The constructed Trading Frame will then have an MML axis (-2/8 to +2/8 etc) along the price axis and an MML axis (0/8, 1/8,...Ignored
Disliked{quote} You only re-set your Octave start time once a year on the 7th October, {image}Ignored
DislikedA rough approach to a basic Trading Frame on MT4 on the GM D1 Stock using P=32. {image} ps. the Trading Frame might need to have different MML applied since most of the PA is running through the top half of the Trading Frame. pps. Yes exactly! And then if price touches the +2/8 line then the next Trading Frame will shift up 4 octaves from its current position ... correct? ppps. Notice the pivot central of the Trading Frame ... now look how PA reacted to it! ... I've seen this on multiple charts today ... interesting. Masterrmind............ ...Ignored