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Originally Posted by bagovino
Hi guys,
While I'm not new at trading, I am new to Murrey Math Lines. I used to trade pivots extensivley. This is only my second day observing this method and I have to say.... This blows pivots out of the water. I guess these are the lines the big banks and institutions use. Whatever the case, they are dead on, easy to follow and lay out a nice map of the market.
I'm working on a method combining some indicators I've used VERY successfully trading pivots but now using Murrey lines instead. Once I get a bit more familiar with how the market behaves around these lines I'll draw up a set of rules to trade a system.
I have 2 qustions:
1. does anyone have an indicator that works on all time frames. I notice as you go down on the charts like the 5 min. the numbers on the lines no longer stay accurate?
2. Can someone give me a few secrets/tips as to how price reacts at each level?
Thats it for now. Like I said I'll work on a system. Is there anyone who is a good programmer that can help develop an EA??
Thanks,
~Billy
"Big Pippin"
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Hi Big Pippin
The only exlanation I have is this documents that I have attached - hope it help.
Nesalc