Murrey Maths Lines for Trading Level Calculation - Mudraa

2/3/2018

Murrey maths lines for trading level calculation - Mudraa.com

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Murrey maths lines are a part of murrey maths trading trading system. It gives various trading levels for stocks and indices indices similar to Fibonacci retracements. These lines consist of 9 equidistant lines which are parallel to each another. another. Murrey Math Lines from the bottom are at the levels 0/8, 1/8, 2/8, 3/8, 4/8, 5/8, 6/8, 7/8 and 8/8.

How to calculate murrey maths lines ?

For eg: let us consider today (29/10/2012) nifty open high low close 29/10/2012 29/10/2012

5665.20

Todays high is 5698.30

5698.30

and

5645.10

5665.60

low is 5645.10 5645.1 0

To calculate murrey maths lines, lines, we have to take the immediate natural square square values values above above todays high (5698.30) (5698.30) square value below below todays low (5645.10) (5645.10)

and immediate immediate natural natural

Take the numbers from 70 to 80. So the natural square values are Number

square value

80

6400

79

6241

78

6084

77

5929

76

5776

75

5625

74

5476

73

5329

72

5184

71

5041

70

4900

From the above table we can see that, the immediate immediate square value above todays high (5698.30) is 5776 which will will be the ultimate resitance for next day. Simlarly, Simlarly, immediate square square value below todays todays low(5645.10) is 5625 which will will be the ultimate support support for next day. day.

Using these two values, values, we will calculate the murrey murrey maths lines. HIGH 4 (ultimate resistance) resistance ) = 8/8

= 5776

HIGH 3 (Strength test )

= 7/8

= [ 5776 - (5776-5625)/8 ] = 5757.10

HIGH 2 ( Pivot / reverse )

= 6/8

= [ 5757.10 - (5776-5625)/8] = 5738.30

http://www.mudraa.com/trading/153000/0/murrey-maths-lines-for-trading-level-calculation.html

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HIGH 1 ( Inner range top )

= 5/8

= [ 5738.30 - (5776-5625)/8] = 5719.40

MIDPOINT ( Pivot point )

= 4/8

= [ 5719.40 - (5776-5625)/8] = 5700.50

LOW 1 ( Inner range bottom) = 3/8

= [ 5700.50 - (5776-5625)/8] = 5681.60

LOW 2 ( Pivot / reverse )

= 2/8

= [ 5681.60 - (5776-5625)/8] = 5662.80

LOW 3 ( Weakness test )

= 1/8

= [ 5662.80 - (5776-5625)/8] = 5643.90

LOW 4 (Ultimate support )

= 0/8

= 5625

These are the trade levels for tomorrow 30/10/2012 One can write the AFL for the same and use it in amibroker any other charting software. happy trading.

From: Kripakar kumble (http://www.mudraa.com/otheruserpro.php?loginid=kk_kumble2003) at 11:42 PM - Oct 29, 2012( 5 years ago (2012-1029T23:42:02+05:30) ) There are many explanations available on various websites about MURREY MATHS LINES. kindly go through that once.

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(http://www.mudraa.com/otherus loginid=jrjulius)

After 9 days same levels - Nifty Spot


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(http://www.mudraa.com/otherus loginid=jrjulius) Now@

(http://www.mudraa.com/otherus loginid=jrjulius) Entered next cycle 0/8 @ 8464

(http://www.mudraa.com/otherus loginid=jrjulius) NIFTY SPOT Now @ Sq - 92


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(http://www.mudraa.com/otherus loginid=kk_kumble2003) Shanmuga Priya ji.. just as an example i have taken squares of 70 to 80 For eg. nifty has closed at 5998.90 on 1/2/2013.

If you take the square root of this number 5998.90, it comes to 77.45

This 77.45 is in between 77 & 78. You have to take square of 77 ie 5929 & square of 78 ie 6084 as lower and upper boundary respectively. Therefore just as an example i have taken numbers 70 to 80 just to show the squares. Thats all.

(http://www.mudraa.com/otherus loginid=shunmugapriya) Sir, Good Evening, Can u clairify, Why we take Square value of 70 to 80?


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(http://www.mudraa.com/otherus loginid=panakals) is this theory in practice on monthly income calls

(http://www.mudraa.com/otherus loginid=kevijay) Dear Kripakarji, Thank you for your clarification. I had noted your earlier message as well. Thank you so much for taking time in replying to my query. Regards Vijayan

(http://www.mudraa.com/otherus loginid=kk_kumble2003) Vijayan ji.. i had posted few days ago that, in all the levels of murrey maths lines, the following levels are very important levels. 0/8, 2/8, 4/8, 6/8, 8/8. Please note that, there is always fair chance that price will move two levels on the upside or down side in a normal circumstances. ie if the price is near 4/8, it has a fair chance that price may move up to 6/8 level or price can move down to 2/8 level also. have to keep the stop loss.

Accordingly you

thank u

(http://www.mudraa.com/otherus loginid=kevijay) Dear Kripakarji, Kindly advise whether the murrey math lines are good for positional trading only OR will it work for intraday too ? Couple of days back I short-sold BNF intraday at 4/8 level and it hit my stop loss at 6/8 level on the same day. Regards Vijayan

(http://www.mudraa.com/otherus loginid=kk_kumble2003) Yes Julius ji.. nifty has entered the lower square which has the boundary of 5476 to 5625



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Nifty Moved to Next Levels...

(http://www.mudraa.com/otherus loginid=kk_kumble2003) Mohd awesh ji murrey maths levels changes only if the price close above or below the ultimate resistance (8/8) or ultimate support (0/8) level on any day. Till that time, the same level continues. As regards, the natural squares i have just shown as an example the natural squares of all the numbers between 70 to 80. Nifty is closed at 5686.25 on 9/11/2012. If you take the square root of this number(5686.25), it comes to 75.41 75.41 lies in between 75 and 76. Therefore the ultimate resistance (8/8) level for next trading days is square of 76 = 5776 Similarly ultimate support (0/8) level for next trading days is square of 75 = 5625. All the in between levels you can calculate using the formula. thank you

(http://www.mudraa.com/otherus loginid=faizor) thnx KK sir for ur hard wrk but i have few doubts if u can clear thm 1. do the levels change everyday as high low open closes changes so we have to calculate it for eveeryday? 2. how to take the natraul square nos. as in example u had taken 70 and 80 why this???? why not other if in details i get i shall be high thanxful to u eagerly w8ing for the reply back if other thn KK sir also can expalin as i see juluies and latha sir's also know much abt it

(http://www.mudraa.com/otherus loginid=kevijay) Thank you, Kripakar ji, many many thanks for your instant reply (valare nandi). The contents of your reply are duly noted and I would love to watch it with more interest in the coming days. Wishing you all the very best ! Vijayan


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(http://www.mudraa.com/otherus loginid=kk_kumble2003) Vijayan ji... murrey maths lines galilude 8 levels ninnu,

4 levels ettavum important levelsgalaanu.

eg 2/8, 4/8, 6/8, 8/8. Adukondu, ee levelsinde aduthu price sustain chaiyunnundengil, accordingly you can enter the trade. thank you

(http://www.mudraa.com/otherus loginid=kevijay) Dear Kripakar Kumble, Namaskaaram ! Thank you so much for the Murrey maths level given. I have been closely monitoring these levels for the past few days and it is giving a very encouraging result. However, to enhance my understanding of the system,, kindly advise when can we enter into a position based on these levels ? I mean to ask you whether we can take a long or short position whenever a breakout or breakdown occurs in the levels given at any time during the day ? Njan thankalude reply pratheekshikkunnu (Waiting for your reply). Kind regards Vijayan

(http://www.mudraa.com/otherus loginid=kk_kumble2003) tomorrows (9/11/2012) murrey maths levels.... 2/8

5814

1/8

5795

8 / 8

5776

7 / 8

5757

6 / 8

5738

5 / 8

5719

4 / 8

5701

3 / 8

5682

2 / 8

5663

1 / 8

5644

0 / 8

5625

-1/8

5606

-2/8

5587

(http://www.mudraa.com/otherus loginid=jrjulius) 07/11/12 Market [email protected] [5/8@5719] Taken Upside Res@5759 [7/8@5757] After retrace exactly to 5738 [6/8@5738] Projected upto 5777 [8/8@5776] http://www.mudraa.com/trading/153000/0/murrey-maths-lines-for-trading-level-calculation.html

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08/11/12 1st Bar Low 5705/5693 taken [4/8 PIVOT] Bounced from [5/8@5719] to [6/8@5738]

09/11/12 Above [7/8@5757] tomorrow [8/8 & +1/8]may seen. Else from [4/8 PIVOT@5701] to free Fall upto [2/8@5663]

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