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This is a very easy to use system that has worked very well for me. I have been trading using price action for years. Price action in conjunstion with Murrey math lines has only enhanced what I do. This was a daily chart from the other day, gbp/usd. It's an obvious pin bar but if you look at where it forms, you should feel even more sure about the trade. I traded it twice this week. I was long on wednesday based on the pin bar from monday and I was short yesterday. In trading, simple works.
I found this powerpoint presentation on the web about MML, but I find it pretty hard to understand what the guy means. It's just a bunch of ideas thrown into slides.
I'm trying to find a way to scalp using the indicator, but haven't found a way yet.
I'm new to the forum and I'm a user of (and believer in) Murrey Math.
I've gone through this thread and the material seems to over-complicate what is essentially a very simple concept (8th grade maths as Murrey himself puts it).
The thread is old, and looks abandoned.
If there's still any interest left in how to trade using MM lines, I'll throw in my two cents' worth.
It's not so much a story, nor my own personal story.
What I had in mind was to explain how to use MM in trading and answer some of the questions that seem to come up repeatedly. If there's interest, I'll try to answer them the way I understand Murrey's system, not necessarily Murrey's way.
Questions like: which MM line to enter at? which line to exit at? which timeframe to use? which trading frame to use?
I am also interested in learning about your experience with MML.
Perhaps you could answer the questions you posted as examples.
Which timeframe to use? Which line to enter and exit? Have used them to scalp or for swing trading?
Thanks for sharing your experience with us. My experience has been that although I've read about MMLs; I canīt seem to find a consistent way of applying them.