DEC emini Murrey math LEVELs

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

  1. dojistarz

    dojistarz Guest

    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.

    Before you trade according to these numbers please check them first.

    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
     
  2. Doji,

    How large is your frame?
     
  3. 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. dojistarz

    dojistarz Guest

    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