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Murrey Math
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Created: by Big Mike Attachments:73

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Murrey Math

  #221 (permalink)
Elite Member
Ramey
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: None
Favorite Futures: ES, YM
 
Posts: 24 since Aug 2009
Thanks: 13 given, 6 received

MM

Have been trading MM ever since introduced by Bill at NovaMind in early 2000s.

Best moderator I ever saw.

Still are the base. MM can bring in discipline and money management.

Now shorter timeframes, range etc I have no clue.

Some very good posts a few pages back about the Fiddle in the Middle numbers not being that important.

I don't use the time based components, I use the one from intregrity traders for over 5 years since they came out with it.

Would always welcome a Murrey Math skype type room

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  #222 (permalink)
Trading Apprentice
West Palm Beach, Fl / USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Favorite Futures: Eur/USD, Euro Futures
 
Posts: 5 since Dec 2011
Thanks: 0 given, 1 received

Mm skype room

I would definitely be interested in a skype room.... Have been trading mm for few years as mainly s/r lines with price action. Let me know

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  #223 (permalink)
Trading Apprentice
West Palm Beach, Fl / USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Favorite Futures: Eur/USD, Euro Futures
 
Posts: 5 since Dec 2011
Thanks: 0 given, 1 received

Mm skype room


Btw... Markets I trade are ym Dow and cl.

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  #224 (permalink)
Elite Member
Andover, NY
 
Futures Experience: Intermediate
Platform: Sierracharts
Favorite Futures: NQ
 
Posts: 36 since Oct 2011
Thanks: 135 given, 19 received

Murrey Math ReWrite

Does not MM rewrite if certain levels are breached? Kinda hard to review an indicator at the end of the day if what one sees is not what was available earlier in the day.

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  #225 (permalink)
Trading Apprentice
Pahrump, NV
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Infinity Futures
Favorite Futures: ES, NQ, CL
 
Posts: 6 since Aug 2016
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Big Mike View Post
Please note, this thread is many years old, and I would highly encourage you forget MML's. It was a mistake I made during an "indicator phase".

I disagree. The whole idea of equating randomly drawing lines on a chart and fibs or MML is just silly. This would indicate that the market is random, which it certainly isn't. While people sometimes have trouble because people tend to just put a bunch of fibs on a chart drawn at different levels and point to one and say "see - fibs work!", the idea behind any trading method is that it has to work consistently a high majority of the time. I have a trading partner who has been using fibs successfully for over 10 years, but that's because she's consistent in how she draws her fibs and what levels she trades off of. Fibs coupled with MML for confluence is a powerful combination.

I use MML every day in trading. They work very well for me. If they aren't working for others, perhaps it's because they spend all their time trying to ridicule trading methods that either they're not familiar with or haven't gotten to work to their satisfaction, instead of putting in the time and effort necessary to successfully trade those methods. You don't just throw an MML study on a chart and go for it - when I trade with MML, I have very specific rules - before I enter a trade, I know exactly where I'm getting in, where I'm getting out, and where my stop is - try that with randomly drawn lines on a chart! Few other methods will afford you that level of discipline.

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  #226 (permalink)
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Washington DC
 
Futures Experience: Advanced
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Broker/Data: Tradovate
Favorite Futures: US Treasuries
 
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n7ekg View Post
I disagree. The whole idea of equating randomly drawing lines on a chart and fibs or MML is just silly. This would indicate that the market is random, which it certainly isn't. While people sometimes have trouble because people tend to just put a bunch of fibs on a chart drawn at different levels and point to one and say "see - fibs work!", the idea behind any trading method is that it has to work consistently a high majority of the time. I have a trading partner who has been using fibs successfully for over 10 years, but that's because she's consistent in how she draws her fibs and what levels she trades off of. Fibs coupled with MML for confluence is a powerful combination.

I use MML every day in trading. They work very well for me. If they aren't working for others, perhaps it's because they spend all their time trying to ridicule trading methods that either they're not familiar with or haven't gotten to work to their satisfaction, instead of putting in the time and effort necessary to successfully trade those methods. You don't just throw an MML study on a chart and go for it - when I trade with MML, I have very specific rules - before I enter a trade, I know exactly where I'm getting in, where I'm getting out, and where my stop is - try that with randomly drawn lines on a chart! Few other methods will afford you that level of discipline.

I have to agree with n7ekg on this one. Most are too quick to jump to the conclusion that something doesn't work in general because it didn't work for them.

I don't completely understand all the fancy math behind the octaves and why not 9ths or 10ths? But what I do know is any system can work IF you have a consistent method overlaid with the proper risk management, and the discipline to follow your plan.

Can random lines work? No, because you're applying an inconsistent method where the risk profile will always be at your whim. Can dividing the chart up by 9ths or 10ths work? Now that's a good question. My inclination is yes, if you apply the above and actually trade the level rather than blinding placing limit orders.

In trading, shortcuts lead to the longest path possible.
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