General Topics
Markets
Technical Topics
Brokerage Firms
Company Specific
Community Lounge
Site Support

# DEC emini Murrey math LEVELs

Discussion in 'Strategy Building' started by dojistarz, Nov 14, 2003.

1. ### dojistarzGuest

DEC emini Murrey math LEVELs

+2/8.....1066.40625
+1/8.....1064.453125
8/8.......1062.5
7/8.......1060.546875
6/8.......1058.59375
5/8.......1056.640625
4/8.......1054.6875
3/8.......1052.734375
2/8.......1050.78125
1/8.......1048.828125
0/8.......1046.875
-1/8......1044.921875
-2/8......1042.96875

Look how the market reacted to the preset levels.

This is my own calculation and my understanding on how to calculate MUREYMATH level and maybe I am wrong.

you want to check that out: http://www.webspace4me.net/~blhill/pics.aux/murrey/template.NYSE.gif

as well as some rules about the 0/8 8/8 etc....
http://www.webspace4me.net/~blhill/pages.aux/murrey/TKnotes.1.html

Doji,

3. ### ArchAngel

It would seem that either you're using only an 8 bar frame restricted to candle body only or you've got something wrong in your calculation (assuming you're looking at a daily timeframe).

If you're talking about today's (Friday's) price reaction - don't forget that today's high and low were also at the recent high and the 20 day EMA (also matching a couple other support levels) - so not too amazing.

4. ### dojistarzGuest

dont know exactly what you need but here we go.

the square is that tall VERTICAL(price)

from 0/8 >>> 1046.875
to 8/8>>>1062.5

and how wide?

well you take total amount of time(for 8:30til 3:15) the emini is traded and divide it by 8 it will give you the 0/8 1/8 2/8 ... in time.

this grid is for daytrading only!

here the time markers.

0/8.....8:30
1/8.....9:20
2/8....10:11
3/8....11:01
4/8....11:52
5/8....12:43
6/8....13:33
7/8....14:24
8/8....15:15

look at this again http://www.webspace4me.net/~blhill/pics.aux/murrey/template.NYSE.gif

look at the horizontal scale, it is the time scale like a regular chart.

Is it what you needed ?

If not ask me again in a different manner.

good luck

ET IS FREE FOR TRADERS BECAUSE OF THE FINANCIAL SUPPORT FROM THESE SPONSORS: