The Murrey Math Trading System - page 40
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I believe it's the line where price level was traded on the biggest volume for the day.
That line could be a strong S/R for the next day(s).
CMIIW.Sorry, I didn't answer that question.
You are allmost right danzel
It's the middle of the 70% range. See page 50 and beyond of the handbook
BTW: If someone is able to program the complete MP including Value Area, Initial balance, Normal variation days etc etc etc then I will kiss him.
Assuming he is not too ugly!!! Hahahaha
Just kidding, but WOULD REALY APPRECIATE a decent MP indicator.
Regards,
jborgesnm: that version might work for all currencies over 1.5625, but nothing under that price. Try MM-Octavesv5 or Xard's newest template
Daraknor,
Which Xard's newest template that you reccomended?
With so many version released and fixed, that makes me confused.
MM-Octavesv5 (your post #330) mess my screen with lines (I trade E/U, TF M30) and barely can see the price marks.
Thanks
What is the value of the MP if it's always 1 day old?
CMC
What is the value of the MP if it's always 1 day old? CMC
That's not the way it works. You should really read the 'handbook' in order to know how it 'works'
Daraknor,
Which Xard's newest template that you reccomended?
With so many version released and fixed, that makes me confused.
MM-Octavesv5 (your post #330) mess my screen with lines (I trade E/U, TF M30) and barely can see the price marks.
ThanksDanzel, what I recommend doing is changing the scale to a lower number. The values for scale are: 1,8,64,512,4096.
I usually need to change the scale for the EURUSD, I was thinking of making the default readable. I'm writing some other code to 'autoscale' and maybe when I have an elegant solution I will merge it in. Right now, you need to change the scale manually.
Hi Guys,
Am currently in 3 MM trades (live) using the extreme 1/8 limes as entry points
CHF long @1.2146 (underwater 160 pips)
AUD short @ 0.7843 (underwater 42 pips)
GBP short @ 1.9653 (breakeven)
My target is a 300 pip profit
CMC
Hi Guys,
Am currently in 3 MM trades (live) using the extreme 1/8 limes as entry points
CHF long @1.2146 (underwater 160 pips)
AUD short @ 0.7843 (underwater 42 pips)
GBP short @ 1.9653 (breakeven)
My target is a 300 pip profit
CMCOnly 502 pips to go...
Hi Guys,
Am currently now in 4 MM trades (live) using the extreme 1/8 limes as entry points
CHF long @1.2146 (underwater 160 pips)
AUD short @ 0.7843 (underwater 42 pips)
GBP short @ 1.9653 (breakeven)
EUR short @ 1.3245
My target is a 400 pip profit
CMC
ps Xard777 only 602 pips to go
Hi Guys,
Am currently now in 4 MM trades (live) using the extreme 1/8 limes as entry points
CHF long @1.2146 (underwater 160 pips)
AUD short @ 0.7843 (underwater 42 pips)
GBP short @ 1.9653 (breakeven)
EUR short @ 1.3245
My target is a 400 pip profit
CMC
ps Xard777 only 602 pips to gomake sure you have your scuba gear on...
...Obviously, if you don't want a demanding profession, deep sea diving isn't for you. You have to wear all of the diving gear in cold water and it can become very uncomfortable. Commercial diving is not an easy profession and can also be dangerous if you are not careful.
Nice indicator.
I prefer to free dive, I'm so far underwater now I'm about to pop up on your side of the world.
CMC