simplicity. Why does price do this? Perhaps buffers for 1 and 2 pitchforks can be made. Because the Murrey Math rules are tied to the Murrey Math geometry, a trader can expect certain pre-defined behaviors forex trading cost in price movement. First of all, we have to emphasize one of the main principles of Murrey math is that the markets behave similarly. In this regard, we want to enter with a buy market order as soon as we broke above the 4/8 Murrey lines.
This geometry facilitates the use of Ganns trading techniques. So, the main assumption is that the smart money behaves the same in all markets and hence why different markets have similar characteristics. Some indicators overcome this by setting global variables that can be accessed by the Expert Advisor. Long entry levels line: 1/8, 2/8, 3/8. The main assumption in Murrey Math is that all markets behave in the same manner akin to a herd. This does not occur too often, but when it does its important to know what to expect. #3 entries: Once the candle changes from red to blue by 3 pips you will buy.
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