MurreyMath
- Thread starter traderbambu
- Start date
Out of 100% pure curiosity, I ordered the Murrey Math books, and they arrived today. Just thumbing trough them, I realized you guys are taking a range, dividing the range into eighths, and have rules as future prices meet the 1/8, 1/4, 3/8, 1/2, etc lines. Furthermore, these lines are not dynamic, rather they are static and are fixed? Is that correct?
Please tell me all the hoopla surrounding this stuff is more complex than this. Furthermore, is this really Gann? This isn't what I learned in the "trading school of hard knocks" as it relates to Gann. To call your methods Gann in my opinion does our hero an injustice....but that's just my opinion. It looked more like retracement analysis to me, but I will grant you I was only thumbing through these books while I was "sitting on the throne", but I almost used the books as.......well ah.....umm...... I mean......
If it works for you guys and you can make a killing doing it, that is awesome and I congratulate you, but my investigation into this stuff started and then stopped within about 10 minutes.
Please tell me all the hoopla surrounding this stuff is more complex than this. Furthermore, is this really Gann? This isn't what I learned in the "trading school of hard knocks" as it relates to Gann. To call your methods Gann in my opinion does our hero an injustice....but that's just my opinion. It looked more like retracement analysis to me, but I will grant you I was only thumbing through these books while I was "sitting on the throne", but I almost used the books as.......well ah.....umm...... I mean......
If it works for you guys and you can make a killing doing it, that is awesome and I congratulate you, but my investigation into this stuff started and then stopped within about 10 minutes.
So now it's WE all of a sudden. Are you schitzophrenic or have you just adopted the "royal" we. Maybe you mean you and your buddy Murrey (whom you claim to think is a genius and his system to be "perfect" - yet you don't bother using it precisely or computing it correctly because you've got your own "application" of it that is presumably better than perfect - at least in paper trading land).
Great...
Here's a better chart:
www.barchart.com
Oh... man, I just gave out the holy grail...
Sheesh... bad Gann... bad Gann...
Here's a better chart:
www.barchart.com
Oh... man, I just gave out the holy grail...
Sheesh... bad Gann... bad Gann...
Re: TH Murrey
--------------------------------------------------------------------------------
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: TH Murrey
From: TRaffertu <TRaffertu@xxxxxxx>
Date: Wed, 17 Dec 1997 20:15:18 EST
Reply-To: TRaffertu@xxxxxxx
Sender: owner-realtraders@xxxxxxxxxxxxxx
--------------------------------------------------------------------------------
In a message dated 97-12-17 10:05:02 EST, eric3@xxxxxxxxxxx writes:
<< There is some amazing trading advice in these words, see if you can
find it.
----------------------------------------------------------
> Charles E. Outland wrote:
> >
> > Murrey Math has said all along that the woman's menstrual cycle resets
> > itself every fall exactly (16) days after the fall solstice, which is the
> > aphelian axis tilt of the earth or ("breakout day") in the 64 day cycle
> > which is the exact day that the amount of estrogen and progesterone swap
> > and get out of parallel and is the 75.% time line that all markets want
> > to reverse on into the future after the 1st frost each fall.
> >
> > The mayan Indians discovered this but they never tied in the
> > estrogen/progesterone roll-over on day (16) but you may ask any M.D. >>
I showed these emails to an acquaintance of mine who works for the
SEC's fraud enforcement division. He had been part of the Bosky and other
high profile casas. His response was that this is typical of bogus investment
advisers. He pointed to the first paragraph of each and said that they
typically present some mumbo-jumbo such as this which can mean anything and
can be interpreted in any way the author wishes after the fact!
He then pointed to the following paragraphs and said "they always
throw in a bunch of quasi-scientific, but usually inaccurate, sounding
language to convince the reader they know what they are talking about." He
added that this type of investment advice is worse than useless since it is
designed to separate the sucker from his money.
He also gave me a few pointers on how to detect similar frauds:
1. They often claim to be misunderstood geniuses. (Adds
credibility)
2. They say that most people are to stupid, lazy,
indifferent, etc. to understand or learn there method. (Builds sucker's ego)
3. Never gives specific action to be taken, just vague
mysticism. (So they can not be pinned down).
4. May or may not charge very much for service. (Suckers
don't complain if it doesn't hurt to much)
5. If you complain about losses, they tell you you must not
have under stood and to study harder or take an "advanced course" for big
bucks.
Any of this sound familiar re: T.H. Murry?
He then asked if he could keep the e-mail. I asked if they where
investigating Mr. Murry. He said "I can not comment on ongoing
investigations." I took this to be a definite maby.
I belive some members of this forum may be followers of T.H.
Murry and may defend him. This is the ultimate goal of any con man, to brain
wash the sucker.
Good luck and good trading,
Ray Raffurty
--------------------------------------------------------------------------------
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: TH Murrey
From: TRaffertu <TRaffertu@xxxxxxx>
Date: Wed, 17 Dec 1997 20:15:18 EST
Reply-To: TRaffertu@xxxxxxx
Sender: owner-realtraders@xxxxxxxxxxxxxx
--------------------------------------------------------------------------------
In a message dated 97-12-17 10:05:02 EST, eric3@xxxxxxxxxxx writes:
<< There is some amazing trading advice in these words, see if you can
find it.
----------------------------------------------------------
> Charles E. Outland wrote:
> >
> > Murrey Math has said all along that the woman's menstrual cycle resets
> > itself every fall exactly (16) days after the fall solstice, which is the
> > aphelian axis tilt of the earth or ("breakout day") in the 64 day cycle
> > which is the exact day that the amount of estrogen and progesterone swap
> > and get out of parallel and is the 75.% time line that all markets want
> > to reverse on into the future after the 1st frost each fall.
> >
> > The mayan Indians discovered this but they never tied in the
> > estrogen/progesterone roll-over on day (16) but you may ask any M.D. >>
I showed these emails to an acquaintance of mine who works for the
SEC's fraud enforcement division. He had been part of the Bosky and other
high profile casas. His response was that this is typical of bogus investment
advisers. He pointed to the first paragraph of each and said that they
typically present some mumbo-jumbo such as this which can mean anything and
can be interpreted in any way the author wishes after the fact!
He then pointed to the following paragraphs and said "they always
throw in a bunch of quasi-scientific, but usually inaccurate, sounding
language to convince the reader they know what they are talking about." He
added that this type of investment advice is worse than useless since it is
designed to separate the sucker from his money.
He also gave me a few pointers on how to detect similar frauds:
1. They often claim to be misunderstood geniuses. (Adds
credibility)
2. They say that most people are to stupid, lazy,
indifferent, etc. to understand or learn there method. (Builds sucker's ego)
3. Never gives specific action to be taken, just vague
mysticism. (So they can not be pinned down).
4. May or may not charge very much for service. (Suckers
don't complain if it doesn't hurt to much)
5. If you complain about losses, they tell you you must not
have under stood and to study harder or take an "advanced course" for big
bucks.
Any of this sound familiar re: T.H. Murry?
He then asked if he could keep the e-mail. I asked if they where
investigating Mr. Murry. He said "I can not comment on ongoing
investigations." I took this to be a definite maby.
I belive some members of this forum may be followers of T.H.
Murry and may defend him. This is the ultimate goal of any con man, to brain
wash the sucker.
Good luck and good trading,
Ray Raffurty