September 11, 2016 Leave a comment
Back in 2009 / 2010, Murrey decided to do a couple of webinars. For some strange reason, he decided to post them publicly. You can find some of them over at murrey math webinars.
Sign up for a free account with 4shared.com so that you can download these webinars. Try to go through them over the weekend. Nothing revolutionary takes place in these webinars. In one of the webinars, you will notice that Murrey tries to do live trading – and as expected, the price keeps on exploding higher – causing frame shifts. Murrey casually asks the viewers to keep on shorting. And that small losses are essential for larger profits later.
This is one of the classical shortcomings of Murrey math. Rather than following the predominant trend, this method will tempt us to keep on shorting / buying when the prices surge / fall. In other terms, Murrey’s technics will work well when the market ranges. Once it breaks out / down, it pays to go with the trend.
Anyway, I will let the viewers be the judge.