You say "trade using this square" or "trade using these lines". Trade how? I've got all these lines on a chart. The price hits one of those lines, now what? Long? Short? It's nice to see that the price reversed on a line after the fact - but in real time how do I know that's whats going to happen vs. continuing through the line?
These properties are listed here for convenience. 8/8 th's and 0/8 th's Lines (Ultimate Resistance) These lines are the hardest to penetrate on the way up, and give the greatest support on the way down. (Prices may never make it thru these lines). 7/8 th's Line (Weak, Stall and Reverse) This line is weak. If prices run up too far too fast, and if they stall at this line they will reverse down fast. If prices do not stall at this line they will move up to the 8/8 th's line. 6/8 th's and 2/8 th's Lines (Pivot, Reverse) These two lines are second only to the 4/8 th's line in their ability to force prices to reverse. This is true whether prices are moving up or down. 5/8 th's Line (Top of Trading Range) The prices of all entities will spend 40% of the time moving between the 5/8 th's and 3/8 th's lines. If prices move above the 5/8 th's line and stay above it for 10 to 12 days, the entity is said to be selling at a premium to what one wants to pay for it and prices will tend to stay above this line in the "premium area". If, however, prices fall below the 5/8 th's line then they will tend to fall further looking for support at a lower level. 4/8 th's Line (Major Support/Resistance) This line provides the greatest amount of support and resistance. This line has the greatest support when prices are above it and the greatest resistance when prices are below it. This price level is the best level to sell and buy against. 3/8 th's Line (Bottom of Trading Range) If prices are below this line and moving upwards, this line is difficult to penetrate. If prices penetrate above this line and stay above this line for 10 to 12 days then prices will stay above this line and spend 40% of the time moving between this line and the 5/8 th's line. 1/8 th Line (Weak, Stall and Reverse) This line is weak. If prices run down too far too fast, and if they stall at this line they will reverse up fast. If prices do not stall at this line they will move down to the 0/8 th's line.
Maybe you answered my question and I just didn't understand it - how do you know what to do when prices reach these lines?
ok,rule of thumb, short when it is at 8/8 line, long when it is at 1/8 line, the odd suppose to be on your side. This is a very simplistic view but we have to start somewhere.
ANY of you guys have attended Murrey's class or have been actively trading MurreyMath with a MM software?
one does not need to attend a class or be actively using MM software to know the absurdity of the premise. best, surf
There are people on this thread who indicate that they have never seen a MurreyMath software in action - and a short time later they give out advice on how to use it! Hmmmmm, "interesting" posters here. "I have no freaggin idea what I am talking about - but I have no clue what it is - so let's say it cannot be good!"
A couple of thoughts. First, Gann's Division of 8 is primarily used for Gannsect studies such as Median Line and "repeat" box studies in which the original grid is replicated without recalculation to follow price. Second, the appropriate analog to MM lines is Gann's So9, rather than Gann's Division of 8, which does not suffer from MM frame shifts or the need to recalculate Gann's Division of 8.