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hello,
can anyone explain to me what is the "Circle of conflict" in Murrey math, I read it in the note here http://mysite.verizon.net/bonniehil.../TKnotes.1.html but have no idea what it is about. What's its practical implication in trading and how to draw it? thank you ![]() |
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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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Actually charlie, I think it's quite possible. I don't have time to do it now, but check out the pivot indicator I'm attaching. It leaves the lines in place. Now, it only draws 7 lines, but it draws them back as far as you want, keeping the value for that day...
.. unless I totally misunderstood what you were saying. Last edited by techinvest; 03-31-2006 at 03:17 AM. |
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The only exlanation I have is this documents that I have attached - hope it help. Nesalc |
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