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Have closed my MM extreme signal GBP short trade, collected 100 pips as expected
Still behind on the long CHF, short EUR and short AUD
Is anyone doing ok using MM with the recent strong market?
Valid values for the scale setting in MM-OctaveV5 appear to be:
1 2 4 8 16 32 64 128 256 512.
This is derived from looking at charts for MurreyMath trading software, and trying to reverse engineer the MML.
NDX-16day = 1812.5-1687.5=125
NDX-32day = 1875-1625=250
NDX-64day = 2000-1500=500
SMH-16day=35.94-32.81=3.13 (unround to 3.125)
SMH-32day=35.94-32.81=3.13 (unround to 3.125)
SMH-64day=37.50-25.00=12.5
Using numbers besides 1 8 64 512 should be considered advanced techniques used to examine different timeframes. Note that the NDX16 and NDX32 have non-coinciding MML 0/8 and 8/8 lines. I have not figured out this discrepancy yet.
If anyone here has the MM Trading software and is willing to examine charts to perform the same calculations I would greatly appreciate it. I hope to figure out the discrepancy between non-coinciding mMML and bMML. I think it is a base value of 24 over an interval of 16 not matching a base value of 32 over an interval of 16.
Page 76 and 77 of the manual explain this with 5 charts, some advanced terms and some weird tactics that make sense now. When I first read it this seemed like hocus pocus. I am too tired to explain it now, so I shall slumber.
First of all a great thread on MM. I have been trading currencies for +/- 6 years using only MM. Of course the best source of MM is Murrey himself and his book and posts on his webboard. Xard in particular has done great work in writing the respective indicators and sharing it with the members.
However there is one problem. The spread between the lines should be .001525 and not .001953125 for the currencies like EUR GBP AND CHF. I have confirmed this again with Murrey yesterday and he pulled up a chart of the Euro futures where the spread was 15 pips between the lines.
Can I please ask for some advice. I use the MMl version 4 that Xard placed on the board and the levels work fine for me. I have decided to look at the fixed ocatave but I am not sure how you trade it.
So I have a question;
When you trade using the fixed octaves how do you trade the 8 levels in that octave?
First of all a great thread on MM. I have been trading currencies for +/- 6 years using only MM. Of course the best source of MM is Murrey himself and his book and posts on his webboard. Xard in particular has done great work in writing the respective indicators and sharing it with the members.
However there is one problem. The spread between the lines should be .001525 and not .001953125 for the currencies like EUR GBP AND CHF. I have confirmed this again with Murrey yesterday and he pulled up a chart of the Euro futures where the spread was 15 pips between the lines.
Keep up the good work
Regards
The number you quote for the spread between the lines 0.001526.
Should that not be 0.0015625 which would still be 15pips (15.625pips) spread.
Linear Mode
