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Flying Dutchman

  • #5,001
  • Feb 3, 2023 9:14am Feb 3, 2023 9:14am
Quoting spzd
{quote} Hmmm ... can someone say "Stop Hunt" maybe ...
Or, was this last move up the stop hunt. Makes one wonder. Either way, take out the red data impulse bar, everything trades the same.

Attached Image (click to enlarge)
Click to Enlarge Name: M2 NFP.png Size: 40 KB



Think I have a typo
Mark ... Everything you have been told is a LIE
  • #5,002
  • Feb 3, 2023 9:49am Feb 3, 2023 9:49am
Thankyou for the very helpful discussion Kwt4x and OAPDave.
Here is the Monthly measurements on H4 into 8ths.
W.D. GANN
How do I forecast future cycles?” you may ask. In order to forecast future cycles, the most important thing is to begin right, for if we have the right beginning, we will get the right ending.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-a-h4-oanda-division9-2.png Size: 71 KB
  • #5,003
  • Feb 3, 2023 4:29pm Feb 3, 2023 4:29pm
Quoting OAPDave
{quote} That's the Real problem in a nut shell When I had Murrey Eod Software he would re-set it on what he would say was the first frost but the real funny thing he would renew the yearly licensee on the 12th Oct his Birthday which just happened to be mine as well Now I only have MT4 I get Sunday bars which through the 256 128 64 32 8 4 numbers out {image}
Look for a broker that is GMT +2, ie. Closes at NY Close on a Friday, eleiminating Sunday Candles.
It never gets easier, you just get better
  • #5,004
  • Feb 3, 2023 4:42pm Feb 3, 2023 4:42pm
Quoting OAPDave
{quote} Nope not that easy as I have a number of other Trading Methods that require the Sunday Bar so in general much easier to tweak Murrey Thanks for your interest
Use Global Prime, Australia, to chart the Murray Math, they have non-expiring demos

Good Luck
It takes a lot for me to IGNORE you, but you can try.
  • #5,005
  • Feb 3, 2023 4:49pm Feb 3, 2023 4:49pm
Quoting Erebus
{quote} Use Global Prime, Australia, to chart the Murray Math, they have non-expiring demos Good Luck
Thank you my friend for that info
Dave
  • #5,006
  • Feb 5, 2023 11:39am Feb 5, 2023 11:39am
Quoting OAPDave
{quote}{image} {image}
Looks very nice, But

Can you pls explain how you use these charts ?
It never gets easier, you just get better
  • #5,007
  • Feb 5, 2023 3:05pm Feb 5, 2023 3:05pm
Quoting OAPDave
{quote} Would it be acceptable to the tread to post a couple of videos of the basics first just to see if it is something that interests you
Start with the charts you posted.
It never gets easier, you just get better
  • #5,008
  • Feb 5, 2023 3:21pm Feb 5, 2023 3:21pm
Quoting OAPDave
{quote} Hard to read a book from back to front on a subject that no one knows about
Curious as to why post these charts, if you are assuming that no-one here knows anything about this subject ?
It never gets easier, you just get better
  • #5,009
  • Feb 5, 2023 3:41pm Feb 5, 2023 3:41pm
Quoting OAPDave
{quote} Lets Take a short cut then Tell me what you know then we can start from there
We're not going to get anywhere with this line.

If you notice all the charts posted here, all have some commentary & explanation attached.

There doesn't need to be a full blown discussion, just explain how you use these charts.
It never gets easier, you just get better
  • #5,010
  • Feb 5, 2023 4:53pm Feb 5, 2023 4:53pm
Quoting OAPDave
{quote} I asked you 2 very simple questions You replied in a negative way to both As i have said Murrey is not easy to understand and does require a little effort So I do not think its for you The saying comes to mind No Effort No Reward I will delete my posts Bye and Good luck
This is a discussion forum, we discuss each others ideas, way we look at the markets etc. respectfully.

I think you "overthink" things, read into things and make all the wrong assumptions and lose your cool quite easily.

You are a very emotional, hyper sensitive individual. Not the first time you have over-reacted.

Are you sure you are cut-out for this business ?
It never gets easier, you just get better
  • #5,011
  • Feb 6, 2023 3:36am Feb 6, 2023 3:36am
London session is snorex today.
  • #5,012
  • Feb 6, 2023 7:34am Feb 6, 2023 7:34am
Gold comex.
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Click to Enlarge Name: XAUUSD.aM5.png Size: 63 KB
  • #5,013
  • Feb 6, 2023 10:10am Feb 6, 2023 10:10am
Quoting OAPDave
{quote} You maybe right But I can see you frustration when you do not get you own way immediately I will post this chart for you Now I do not want to insult your inelegancy by marking the chart up for you as I am sure you will agree its pretty self explanatory {image}
MM Lines I can understand, similar to Pivot Points, maybe the calculation is a little bit more advanced.

The author T H Murrey, preferred the MML's based on 1 hour charts, although you could use on any TF.

One level stood out as the same on all TF's is the 1 hour 4/8 level, take that as the common central pivot line from where all calculations are derived from.

Not sure what the white boxes show, is it Gann Angles ? Squaring time & Price ?

You are right about indicators, I only use ones that mark important price levels that I watch, Previous Highs / Lows, session opens & impending News Events.
It never gets easier, you just get better
  • #5,014
  • Feb 6, 2023 10:32am Feb 6, 2023 10:32am
Quoting Shabs19
{quote} MM Lines I can understand, similar to Pivot Points, maybe the calculation is a little bit more advanced. The author T H Murrey, preferred the MML's based on 1 hour charts, although you could use on any TF. One level stood out as the same on all TF's is the 1 hour 4/8 level, take that as the common central pivot line from where all calculations are derived from. Not sure what the white boxes show, is it Gann Angles ? Squaring time & Price ? You are right about indicators, I only use ones that mark important price levels that I watch, Previous...
Thanks for your comments
Personally I think there are better levels than 4/8 ths
60min is a decent timeframe but not the be all and end all
I am conscious that after around 16 hrs that their is no real interest in my post or this subject
and if we do go into any depth It will just bore the few guys that bother to post on here
so rather than pollute the thread I will remove them and move on, with no hard feelings
Good luck
  • #5,015
  • Feb 6, 2023 10:57am Feb 6, 2023 10:57am
Quoting OAPDave
{quote} Thanks for your comments Personally I think there are better levels than 4/8 ths 60min is a decent timeframe but not the be all and end all I am conscious that after around 16 hrs that their is no real interest in my post or this subject and if we do go into any depth It will just bore the few guys that bother to post on here so rather than pollute the thread I will remove them and move on, with no hard feelings Good luck
You have to be aware that people here are on different time zones, USA, UK, & AUS.

So 16 hours is not a long time to wait for a response.

There are more dedicated threads to MML trading I am sure.

Best of Luck with your trading.
It never gets easier, you just get better
  • #5,016
  • Edited 4:07pm Feb 6, 2023 3:56pm | Edited 4:07pm
Quoting Shabs19
{quote}
MM Lines I can understand, similar to Pivot Points, maybe the calculation is a little bit more advanced. The author T H Murrey, preferred the MML's based on 1 hour charts, although you could use on any TF. One level stood out as the same on all TF's is the 1 hour 4/8 level, take that as the common central pivot line from where all calculations are derived from. Not sure what the white boxes show, is it Gann Angles ? Squaring time & Price ? You are right about indicators,
I only use ones that mark important price levels...

That 4/8 Line stood out to me also Shabs, a kind of demarcation line, a hemisphere line etc whatever you wish to call it. Not as a set "trading line" though.
Lines to me are often attractors (for BOTH buyers & sellers) and from there we can work out biases and who might be in control "in the moment".

Important price levels is a great key for traders. Action can begin (and end) there.
  • #5,017
  • Feb 6, 2023 4:07pm Feb 6, 2023 4:07pm
Quoting OAPDave
{quote}
Thanks for your comments Personally I think there are better levels than 4/8 ths 60min is a decent timeframe but not the be all and end all I am conscious that after around 16 hrs that their is no real interest in my post or this subject and if we do go into any depth It will just bore the few guys that bother to post on here so rather than pollute the thread I will remove them and move on, with no hard feelings Good luck

Hi Dave,

Not boring at all.

I can usually, in a quick look, determine whether I can trade around indicators quite quickly (ie how "they" behave around certain market mechanics & behaviours).

The MMaths does not quite fit into that category yet for me, but doesn't eliminate them from any discussions (or my thoughts).

I am thinking (to myself) the reason the indi doesn't quite fit my viewpoint is that the MMLines visually take over the screen and, like many indictors,
draw a traders (mine) attention TO the indicator output rather than the actual market behaviour which is pushed somewhat to the background as it were.

I continue to look at your charts (behind the indi) to see what the market is doing 'around' the indi but I haven't (yet) been able to find a correlation is all.
That could be just me and not the indi if you know what I mean. It doesn't mean I could not trade the indi (but successfully, I could not say, yet)

You are well versed on the subject so maybe you could just annotate a chart expressing your "view" of the market around the indi. Up to you.

Imo you are more than welcome (like anyone is) to post your charts & ideas on Andy's open thread here.

all the best
Pete
  • #5,018
  • Feb 6, 2023 4:28pm Feb 6, 2023 4:28pm
Quoting TimeTells
{quote} That 4/8 Line stood out to me also Shabs, a kind of demarcation line, a hemisphere line etc whatever you wish to call it. Not as a set "trading line" though. Lines to me are often attractors (for BOTH buyers & sellers) and from there we can work out biases and who might be in control "in the moment". Important price levels is a great key for traders. Action can begin (and end) there.
The maths around MML is pretty straight forward, it looks at the market ranges for each timeframe and then divides them into 8 equal zones using 9 lines.

There are 4 more lines as "extremes". So naturally the middle line 4/8 is likely to be a central pivot for price.

The 4/8 lline however changes identity as you go into other timeframes, it could be one of the upper or lower lines, so I imagine you can read

the trend for each timeframe from that information.

I did ask OAPDave to describe how he used these charts and you can see what happened, offence was taken where none was intended, although he did calm

down & reposted the charts.

I agree with you, I would rather take more off the chart now, if that's even possible than add more lines to my charts.

Sometimes Less is More, if you catch my drift.

Edit: .........................And the charts have disappeared again !!! LOL
It never gets easier, you just get better
  • #5,019
  • Feb 6, 2023 4:47pm Feb 6, 2023 4:47pm
Quoting Shabs19
{quote}
The maths around MML is pretty straight forward, it looks at the market ranges for each timeframe and then divides them into 8 equal zones using 9 lines. There are 4 more lines as "extremes". So naturally the middle line 4/8 is likely to be a central pivot for price. The 4/8 lline however changes identity as you go into other timeframes, it could the one of the upper or lower lines, so I imagine you can read the trend for each timeframe from that information. I did ask OAPDave to describe how he used these charts...

Yes, I have operated the MMLines many years ago, so the Maths (and Gann commonality of the eighths) I am also familiar with.

The 'trouble' (if i can call it that) with the Indi as i saw it is that it PRE-supposes that a certain line (eighth) has a SET function for the market to respond to.
ie [2/8] Pivot buy (Reverse)

When clearly there is a [1/8] line SO just buying/reversing/pivoting AT that 2/8 line as a trade suggestion is fraught with danger imho because even the developer, Murrey himself, says there is a [1/8] and [0/8] (and more), BELOW the [2/8].

As a novice, in which I was at the time looking back now, the 2/8 line buy/reverse suggestion WILL get new traders into DD & trade difficulty, at TIMES, of which they should be aware.


Okay, I also read back the last few pages and see that you did ask Dave like I just did then to add some of the thoughts he has at the time, and as he sees (and trades) the Indi around say the [2/8] reverse-buy line.

To me I would like the option to 'remove' the indi-suggestions of what is most likely to happen at a MMLine and maybe just say [2/8] is one-eighth from the bottom of the indi (even though there are extreme overruns also on the indi below the [0/8] line).

To me, at a [2/8] line (for example), the market mechanics and market behaviour are MORE important (to me) than what the indi suggests will happen there (reverse). That is all.


If Dave can show us what he does, or thinks, at a line like the [2/8] for example might assist new traders with this indi template.


(and Less is More - love it )
  • #5,020
  • Feb 6, 2023 5:06pm Feb 6, 2023 5:06pm
Quoting FocusWinReal
London session is snorex today.
No red data perhaps. Not even any bronze (or whateer color that is).
Mark ... Everything you have been told is a LIE
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