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Murrey Math
Updated: Views / Replies:107,190 / 227
Created: by Big Mike Attachments:73

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Murrey Math

  #51 (permalink)
Elite Member
Alpharetta, GA
 
Futures Experience: Intermediate
Platform: ninja
Broker/Data: Mirus / Zenfire
Favorite Futures: ES
 
Todd's Avatar
 
Posts: 257 since Jun 2009
Thanks: 28 given, 40 received

Mike,

I just started a new thread in programmers paradise asking a question about the murray math indicator. I probably should have just added my question/chart to this thread.

Can you look at that thread? The murray math indicator doesn't seem to be updating hourly.

Todd

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  #52 (permalink)
Elite Member
Scarborough, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader, MetaTrader
Broker/Data: Mirus/Zenfire
Favorite Futures: CL, EURUSD, 6E
 
LordAlfa's Avatar
 
Posts: 88 since Jul 2009
Thanks: 7 given, 45 received

MM with the 610T chart.

See how it lines up with the Fib extensions.

100% 127.2%

Rules for drawing fib extensions is that a minimum 50% retrace is a requirement.

Attached Thumbnails
Murrey Math-6e-09-09-7_14_2009-610-tick-2.jpg  
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  #53 (permalink)
Elite Member
Toronto Canada
 
Futures Experience: Intermediate
Platform: ninja Trader, Ensign,Market Delta
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You are on write path, Always when price moves and makes extension of previous swing then it find support or resistance in between levels 112.5 and 127.2%. Most of time price Bounce back from this level. You are providing good help for traders community on this forum.

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  #54 (permalink)
Just starting out...
NSW Ausralia
 
Futures Experience: Intermediate
Platform: MT4
Broker/Data: Go-Market MT4
Favorite Futures: FX
 
Posts: 3 since Jul 2009
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Big Mike View Post
Here is a 60 minute ZN 09-09 chart showing 6/12 to 6/16.

Attachment 269

I've colored my chart the same way as the above graphics are illustrated to try and make it easier.

There are a lot of lines on this chart, but that is because I widened the view to show you more of the MML's. In a normal view you would see less lines because price is so far away from those lines they don't need to be on the chart.

I don't normally have a 60 minute chart up. However, I was noticing that by stepping back and looking at MML from this perspective, there was a lot more correlation with price against the MML's than say there was on my 6765 volume chart, which is normally my biggest chart for trading the ZN.

I was happy with the correlation of price and MML at this time frame. The MML's did a good job at each pivot/reversal, with the exception of the last move which is not seen on this chart. The penetration of the 6/8 line (magenta) should have not reversed until the 8/8 line (blue). Instead, it reversed at 7/8 (yellow). Now, if you advanced the chart a few more hours (off the screen shot), you will see price did move up to 8/8 like it was supposed to.

Clearly, trading solely based on MML is not an option. More researched is needed.

Mike

Hi Mike,
I’m not very computer literate as I only use the computer for trading and after stumbling across the ”Murrey Math Line” method I did some further research and came across your site and I thank you for making something I thought was beyond me sound simple. However I am unsure of one question can use the indicators on the MT4 platform together with the MACD & moving averages.
Kindest regards & thank you,
Ted

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  #55 (permalink)
Elite Member
Scarborough, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader, MetaTrader
Broker/Data: Mirus/Zenfire
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Posts: 88 since Jul 2009
Thanks: 7 given, 45 received


KJAVED View Post
You are on write path, Always when price moves and makes extension of previous swing then it find support or resistance in between levels 112.5 and 127.2%. Most of time price Bounce back from this level. You are providing good help for traders community on this forum.

I am still studying 6E. I got sick of ES. Bots really messing up the market.

Checking out the range bars.

This is how would the fibs work. I tried range 5 bars. It is a mess. Very difficult to read. Range 10 seems to work well and you can see the trend but 10 tick range can make you miss the market and the stop loss might not be ideal. Anyway MM works on range charts too.

Attached Thumbnails
Murrey Math-6e-09-09-7_13_2009-10-range-3.jpg  
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  #56 (permalink)
Elite Member
Scarborough, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader, MetaTrader
Broker/Data: Mirus/Zenfire
Favorite Futures: CL, EURUSD, 6E
 
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Posts: 88 since Jul 2009
Thanks: 7 given, 45 received

6E and the 610T with MML

See how it lines up.

6E is very different from ES or NQ.

The ABC pattern can appear in the middle of a trend.

Attached Thumbnails
Murrey Math-6e-09-09-7_15_2009-610-tick-7.jpg  
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  #57 (permalink)
Just starting out...
NSW Ausralia
 
Futures Experience: Intermediate
Platform: MT4
Broker/Data: Go-Market MT4
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Posts: 3 since Jul 2009
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Big Mike View Post
We need a discussion on Murrey Math and implementing it into your trading.

I know many of you had not heard of Murrey Math Lines (MML) prior to reading my blog or this forum. I must also admit I only recently discovered it, so we will all learn together!

First, let me give a shout out to ns_karthik over on forexfactory:
Trading using Murray Maths and Price Action @ Forex Factory

It was his posts that got me interested in learning more about MML, and as soon as I started playing with it I was immediately hooked.

From my blog you probably know I am not a fan of pivot points or fibonacci numbers, simply because I think there are too many of them and they end up covering your entire chart. You can find a reason to trade/not trade every few ticks it seems. I know that many traders are extremely successful using these methods, and that goes to my next point.

Successful trading is all about confidence. If you have confidence in pivot points and fib retracements, then you can make them work. If you have confidence in Murrey Math Lines, you can make them work. I believe this is mostly true of any system. It's when your confidence starts to falter, for instance due to holes in the method, that trouble arises.

So, let's get back on topic and discuss Murrey Math Lines!


You can download the MML indicator for NinjaTrader in our File Sharing/Downloads section:
Downloads - Indicators - Murrey Math Lines - Big Mike Trading Forum

Attached to this post you'll also find a RAR archive with a PowerPoint presentation and a Word doc with a lot of very useful information for trading MML's.

I'll update this thread more soon...

Mike

Hi Mike,
HELP!!!
What have I done wrong? I downloaded some indicators on the MML’s yesterday and finished up with 55 different indicators on my charts relating to this system.
All I would like is the S& R lines + the 4-hour overlay and anything else you think might be helpful. However bear in mind you have a complete novice on computers as I only use mine for trading.
Kind regards,
Ted

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  #58 (permalink)
Trading Apprentice
Toronto
 
Futures Experience: Intermediate
Platform: Ninja, AmiBroker, Metatrader
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EURUSD 60 minute

Starting to reverse at 6/8 line

Attached Thumbnails
Murrey Math-davem-snagz-00002.png  
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  #59 (permalink)
Trading Apprentice
Toronto
 
Futures Experience: Intermediate
Platform: Ninja, AmiBroker, Metatrader
Favorite Futures: Forex
 
Posts: 5 since Aug 2009
Thanks: 6 given, 1 received

Indictors for Metatrader

These are the indicators used by Karthik, on another post I will add more

Attached Files
Register to download File Type: zip indicators.zip (10.7 KB, 276 views)
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  #60 (permalink)
Elite Member
carp AC
 
Futures Experience: Intermediate
Platform: ninja
Broker/Data: amp
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Posts: 31 since Aug 2009
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new here


Hello Big Mike and all im new to the site. Im looking at MML"s for possible reload point on trades on an intraday basis. I mainly trade ES And ZN . Im a hard core Market profiler for the bigger picture structure and and use that for my entries into the trend or to fade a range at times. Im lacking reload points or ways to get in in the mid day range stuff if I miss my morning entry or just screw it up. MM looks like a good match. Im extremely comfotable using a 3 min chart is there a problem with that time frame with reguards to MM? Also I tried to run the info off the site but it wont run any suggestions? Look forward to participating in the future.

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