Quote from traderbambu:
Trying to be brief. I have tried everything that's available out there and (Thanks to God) I have found MM. I had used his stuff for a while before I attended his class recently - and am glad I did. My winning ratio is so high, I wouldn't wanna post it. [Lots of people have negative opinion about Murrey. Before anybody says anything bad about him, I would challenge that person to compete with me in a live trading contest (I would trade MM, he can trade his stuff, then we can compare the brokerage statements)]. The problem is that one has to really understand his methodology - once you do, it becomes very obvious, very, very easy, every trading day is FUN, almost zero stress. Unbelievable stuff! I am organizing a private class in Tampa, FL area - I want to spend as much time with Murrey as possible.
(Btw, I run a hedge fund and with MM my performance is thru the roof). To answer your question: it is definitely not hocus-pocus, there are no black-box indicators, no recently "discovered" indicators (actually, no indicators at all), no secrets, just several rules to follow. Murrey emphasize that his methodology is based on 8th grade math - and it is true.
I know several people using MM and making very nice profits, I am just curious if there are any here.
Have Fun Trading!
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"*8 th grade math''
Most of us qualify. I'll have to look into it.
Archangel wondered if I am related to Murrey;not that I know of .
Murray
"is his stuff as hokus as the delta stuff that used to be hawked
by welles wilder ?
or is it useful like gann angles, fibo #'s etc when put in the proper context ?"
