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Dear xard777,
Hi...I am new in this thread. Seem nice to use this indicator as Dolly use it too. Below I quote from article posted by nesalc about MM (in this thread's page#3) :
"1. Sell at 7/8 line, buy back at 4/8 line.
Use stop loss at 8.3201/8 line.
2. Buy at 1/8 line, sell at 4/8 line.
Use stop loss at -0.3201/8 line.
This will work the majority of the time.
These factors will increase the odds:
1. Previous move 5/8 or more.
2. Double/Triple bottom on 1/8 or 7/8 line.
3. Higher low on 1/8, lower high on 7/8"
What does the 8.3201/8 line and -0.3201/8 line mean ? I have inserted #00MurreyMath-TimeFrame indicator but I can't see these lines.
Actually, which version of this MM indicator we must use since there is also a new indicator named #MM-TimeFrame-2007? Why the value of 1/8 to 8/8 line differ between these two indicators for the same timeframe?
Another question, what is the best time frame to use MM indicator?
HI
I am fairly new here and to trading and very much like this MM system. In one of the templates (##uti foro) posted here that I use there is included in the template the attached indicator and I was wondering if I am at the right place to find some kind person to modify it. What I would like is for an alert and an email to be sent when the Yellow line crossed the White and visa versa. I think the colours are different in this indicator. It would also be nice to have these switchable on and off. Sorry if I have posted this in the wrong place. Thanks in advance
Nice trade cmc on gbpusd...I am also watching usdcad. As you wrote, it is flirtting with 1.1780. I'll be a bit careful this time, it might want to go for +2/8 level @ 1.1841. Hourly candlesitck patterns would be a good clue. Good luck.