MurreyMath

Hi ArchAngel

It seems that all versions other than the original software from the MM site is based on Tim Kruzel's notes and may show incorrect charts sooner or later except for Trade Prospector. But TP is still not the "real" thing, how sure are you that it will show the correct lines? Just wondering.

I think the MM site's software doesnt do real time intraday charts, so there is no standard to compare intraday charts from. Or, does TP have the "correct" algorithm direct from Murrey himself.

And BTW, can it use eSignal data instead of Qcharts data?

pretzel
 
Quote from oddiduro:



Hi Wappers, have you made it to Stockholm yet???

Long yesterday at 827, is what the system says.
More...

Nah, sitting tight here. Will wait for the first nuke to go off before I run!

Didnt trade - neither of my limits was reached. Typical floor trader's day... up and down, up and down, oooh! look out for that resistance! ooch!
Interesting that the MM line wasn't so very far away from the standard resistance line, isnt it? Although I guess you were in and out pretty quick.

No trading today either - gotta take the girl shopping!
Take care
W
 
Quote from Wappers2:



Nah, sitting tight here. Will wait for the first nuke to go off before I run!

Didnt trade - neither of my limits was reached. Typical floor trader's day... up and down, up and down, oooh! look out for that resistance! ooch!
Interesting that the MM line wasn't so very far away from the standard resistance line, isnt it? Although I guess you were in and out pretty quick.

No trading today either - gotta take the girl shopping!
Take care
W
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Well, I only use the watch the S&P and Dow to make sure I am on the right side of the market. My actual vehicle, AZO, did not fall as sharply as the rest of the market, so I am still long.

Stay near your PC, the day the bombs start falling is going to be one of those "X highest point gains ever for the dow" type of days. It might be a one day rally though, since everybody and their granny is expecting it. You're gonna miss out while you're at the mall! :D

I think all TA has similarities. MM rules will not allow a trade unless the underlying technicals are strong. The market has to rise or fall a certain distance before a trade can be taken.

If you're from the states, be careful while you're out.

Good Trading
 
Quote from ArchAngel:

wd78 - a couple of interesting results:

First, it looks like the QQQ frame should be 24.4531 to 24.6094 (your chart has the correct 8/8th but a different 0/8th and as a result all other intervening 8ths are different).

Second, interestingly your ES frame has the correct 0/8th and 8/8th, but the price bars don't look correct - there are lots of gaps and odd bars that don't match - so can't tell if the MM lines got calculated correctly in this case because the skewed data presented the script with a different high/low range than it should have (too bad the script does show the high/low that the frame is based on).

Perhaps there's some problem with the ES data you've got (you can compare your chart's ES bars to the ones in the GIF attached to this message and you'll see what I mean) - so when you get a chance, maybe try it with the SPY and see if you get more consistent bar data - use the same 64 bar frame, right most bar on the chart @ 3:06pm for 3/6

Will post the QQQ and SPY charts in subsequent messages.
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The first question is why do you assume that Trade Prospector is the absolute correct standard? I thought you were going to post MM software results. That is the only standard that we should be talking about. As for the data, there could be differences between suppliers. But until we have MM software results, it is really not worth the effort to ascertain which program is in error, or if the problem is data related, or if there are differences in rounding between the programs, etc. Obviously Kruzel and Trade Prospector and most probably MM are producing very similar results for both inatraday. We know that Kruzel is duplicating MM EOD, and intraday, weekly, etc. comparisons will have to wait for appropriate MM charts.
 
Hi ArchAngel:

I wrote the eSignal MM script so I have been interested in your observations. I checked the 3 examples you provided against my version and for ES and SPY I came up with identical results to your TP charts. On the QQQ, however, I came up with a frame with 0/8 at 24.4141 and 8/8 at 24.6094. I then plugged in the high and low numbers (24.60 and 24.43 respectively) into Kruzel's AMM.EXE program and my numbers matched his AMM program output. I may be wrong, but it was my understanding that Kruzel's AMM DOS program does indeed generate the correct frame sizes... the issue is/was that he never released the formula that he used in his AMM program... he only released his earlier formulas which were not entirely correct. Basically once he figured out how to do it right, he distributed the AMM program but he kept the actual formula to himself. Just my 2 cents.

Regards,

Chris
 
Hi ckyrza,

I think the most important variable which makes a difference in the frames is the 0 point. The correct eights level depends on the high-low point which depends on the correct frame which depends on the correct 0 point.

For intraday, it's 11:58 in your script for intraday charts. Is there any special reasoning for this?

Wonder where this Kruzel guy is right now.

pretzel
 
Hi Pretzel:

I agree that, even if the formula is correct, the output from 2 different MM implemenations may differ anyway because they may be using different high/low numbers to start the frame calculation in the first place. There is a Frame Multiplier option most of the MM programs that allows you to extend the lookback period.. so FMult of 1 on a 64 bar frame gives you a 64-bar lookback to find the high/low. 1.5 FMult gives you a 96-bar lookback, etc. Different people will tell you different stories in terms of which multiplier is the correct one to use (1.0, 1.5 or 2.0) and they can make a big difference in how your frame gets drawn. Then there is the IgnoreWicks issue which will also produce different high/low numbers... and it goes on from there.

Regarding the 11:58 stuff... when I first wrote the script I had no clue how to handle intraday. A longtime MM user sent me an email with that piece of information so I plugged it in. I honestly can't say for certain that it is the right answer, though.

Chris
 
Really sad many people just react/reflect their "impressions" of things they are not familar

like movie/book critics who didnt really look at the material

many proponents of murreymath is just sharing their excitement and enthusiasm for what they had seen

the only way for anyone to really learn is to immerse themselves on the topic at hand

they can find lots of free info in cyberspace about murreymath

no need to spend much money specially for those who cant afford to or any longer..lol....

to fellow proponents...i understand your enthusiasm and excitement wanting to share with others....

dont waste too much time and effort

you can lead the horse to the water but you cant make him drink

just show them the direction and led them do their own walk/journey

the teacher will only be there if the student is ready

trading is all a personal journey and its normal many many people are frustrated....

everyone should carry their own cross..no other way......
 
Hopefully anyway!

Still using MM everyday and liking it. Yes I use a clone knock off, So what it works! :D

Good Luck and Good Trading.

Bsulli
 
Just curious if the Murray traders (e.g. traderbambu) who were espousing the efficacy of this product 2 years ago are still successfully trading his methods? If so, are any of you trading in RT or EOD only? If RT, have you traded the Eminis with it? Thank you.
 
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