Hallo everybody, this is my first post here.....
I know that this thread is actually almost abandoned, but I wonder if there is anybody still interested on Murrey Math.
I ask for people that actually have the original books from Murrey and that already know what actually the levels are, not for people that just used the indicator ('one of the many out there).
I am studying and using Murrey since years now and I am profitable, but I still would like to find people that know the theory behind it and discuss with me some settings, like the use of a square of 1 for the currencies...
Thanks

The books I am referring to are:

Murrey Math trading system for all traded markets by T H Murrey

Well bachiano,
Why not start at the beginning of this thread.... post 1?
There lots of info
Let us know what you think
regards
bobc

Now let's take a quick look at what happens when price moves above 8/8 or below 0/8. This does not occur too often, but when it does it's important to know what to expect.



The above illustration tells us the following: If price moves above 8/8, 75% of the time the price will reverse off the +1/8 line and retest 8/8 before moving higher to +2/8. Similarly, if price falls below 0/8, 75% of the time the price will reverse off the -1/8 line and retest 0/8 before moving lower to -2/8.

Now, if price moves beyond the +1/8 or -1/8 lines, then 95% of the time it will reverse when it hits +2/8 or -2/8. Remember, the market was already in overbought (8/8) or oversold (0/8) mode, so once we push that to the extreme (+2/8 or -2/8) it is extremely unlikely (95% chance) to reverse.

Check out this illustration to see it demonstrated:



I hope this has been a helpful exercise in better understanding Murrey Math Lines!

Mike

Hallo everybody, this is my first post here.....
I know that this thread is actually almost abandoned, but I wonder if there is anybody still interested on Murrey Math.
I ask for people that actually have the original books from Murrey and that already know what actually the levels are, not for people that just used the indicator ('one of the many out there).
I am studying and using Murrey since years now and I am profitable, but I still would like to find people that know the theory behind it and discuss with me some settings, like the use of a square of 1 for the currencies...
Thanks

The books I am referring to are:

Murrey Math trading system for all traded markets by T H Murrey

@bachiano where did you get the book by Murrey? I was curious to read it but I cannot find it anywhere

Let me look in my book archive, I might have it. I also trade MMLs almost every day, and have a few tricks to shift the MMLs, so as to more accurately reflect support and resistance.

Let me look in my book archive, I might have it. I also trade MMLs almost every day, and have a few tricks to shift the MMLs, so as to more accurately reflect support and resistance.

Ciao... it took me a lot of efforts, but at the end I found a guy in scotland that had it...
Anyway it was disappointing....the guy had good ideas,but the book is a bit....

Well I saw you are from Rovigo and I am also italian,if you are interested pm me...