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wh, how did you come up the time frame of 16min, 32min & 4 hr charts to look when looking @ the EUR/USD?...i see it working pretty well on the 4min & 4181 vol charts
i look today at MML on 16 Minute and 32 Minute for Daily and 64 Minute for Weekly S/R Level i found it looks very nice ... So i removed my rpc to clean up the charts ...
what is on range, tick and volume charts a good calculation …
i will say 16 is the standard indication/attribut of mml in days so i will have a smaller frame i looked at 16 /2 = 8 and 8 / 2 is 4 or sqrt(16) = 4 ...
the main idea are the trading frames from murrey to copy in a minute anstead of hours or days
without words
i will say murrey is the best what i have see
i look for S/R in the higher timeframes or better for goals and then i look at my 4 minute chart and go in and out in my 1 minute chart ...
i buy / sell only in blue line area / red line area see picture or on green line breakouts ...
so i wait in 1 minute the mml chances their conditions i look ... wait wait wait for some pips ...
michael jackson, i will never forget "Thriller" ... i was 7 years old and i had nightmares ... but good song
i forget on 240 minutes i looked if rangeday or trendday ...
if trendday i do not buy against the trend ...
No problem. Also, if the labels appear "short" in length it is because they get will display from their calculation point (Daily, Weekly, Monthly).
So, I have now switched from a Daily to a Weekly (still using hourly to recalculate) and am finding it just as helpful as before, but easier to read. More time will tell.