What Kind Of Method Is This?

Discussion in 'Technical Analysis' started by easymon1, Oct 6, 2020.

  1. easymon1

    easymon1

    AUDUSD 8ths.png
    What Kind Of Method Is This?
     
    .sigma likes this.
  2. Called Pivot points - i think
     
  3. expiated

    expiated

    Is it a Gann Octaves or Murrey Math Harmonic Octave Trading system?
     
    .sigma likes this.
  4. 2rosy

    2rosy

    fretboard
     
  5. Murrey Math.
     
  6. Overnight

    Overnight

    Looks like a 2020/hindsight fibo casting, with fancy labels. I could do the same thing on any chart and look the genius.

    The key question is...What does that chart tell the author the market will do TOMORROW? It tells nothing, of course, so it is almost useless.
     
  7. snowman80

    snowman80

    upload_2020-10-6_19-43-3.jpeg
     
    johnnyrock, impex, RicRams and 9 others like this.
  8. easymon1

    easymon1

    Looks to be the case.
     
  9. Tradex

    Tradex

    It's the Murrey Math Indicator.
     
  10. Overnight

    Overnight

    Whatever they call it, it is quite silly. It is very fancy on a chart, looking backwards. Where does price go, TOMORROW, on the Murray math?

    I can certainly take a guess. It will go between 1/8th and 15/8th in either direction tomorrow. Add an extra 8th, because Trump and Powell are still alive.
     
    #10     Oct 6, 2020