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#11
20th October 2007, 08:13 AM
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Re: Was the CRASH EXPECTED == YES IT WAS
Hello Jungle Lion,
How did you get the sensex data into metatrader or is it provided by interbank fx. Yes you are correct Murrey MM is quite reliable in predicting market moves. Sensex is already at 17500 so on monday you mean further fall or upward move. Kindly let me know if you know any method by which Indian stock market data can be imported into MT4 realtime or EOD. Regards Saji 
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#13
20th October 2007, 09:16 AM
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Re: Was the CRASH EXPECTED == YES IT WAS
Quote:
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#14
20th October 2007, 10:11 AM
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Re: Was the CRASH EXPECTED == YES IT WAS
Hello Rk
Yes you are correct. I was more interested in how he got NSE data into MT4. Some additional information if you would like Regarding MM levels interpretation is as follows 8/8 th's and 0/8 th's Lines (Ultimate Resistance) These lines are the hardest to penetrate on the way up, and give the greatest support on the way down. (Prices may never make it thru these lines). 7/8 th's Line (Weak, Stall and Reverse) This line is weak. If prices run up too far too fast, and if they stall at this line they will reverse down fast. If prices do not stall at this line they will move up to the 8/8 th's line. 6/8 th's and 2/8 th's Lines (Pivot, Reverse) These two lines are second only to the 4/8 th's line in their ability to force prices to reverse. This is true whether prices are moving up or down. 5/8 th's Line (Top of Trading Range) The prices of all entities will spend 40% of the time moving between the 5/8 th's and 3/8 th's lines. If prices move above the 5/8 th's line and stay above it for 10 to 12 days, the entity is said to be selling at a premium to what one wants to pay for it and prices will tend to stay above this line in the "premium area". If, however, prices fall below the 5/8 th's line then they will tend to fall further looking for support at a lower level. 4/8 th's Line (Major Support/Resistance) This line provides the greatest amount of support and resistance. This line has the greatest support when prices are above it and the greatest resistance when prices are below it. This price level is the best level to sell and buy against. 3/8 th's Line (Bottom of Trading Range) If prices are below this line and moving upwards, this line is difficult to penetrate. If prices penetrate above this line and stay above this line for 10 to 12 days then prices will stay above this line and spend 40% of the time moving between this line and the 5/8 th's line. So sensex has closed above 4/8th line and if it holds good. Regards Saji
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#15
20th October 2007, 10:20 AM
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Re: Was the CRASH EXPECTED == YES IT WAS
Quote:
Would you be willing to talk about your experience with Forex and why it works so well for you? Thanks, agarth
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#16
20th October 2007, 10:49 AM
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Re: Was the CRASH EXPECTED == YES IT WAS
here we talking about equity!
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#17
20th October 2007, 11:01 AM
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Re: Was the CRASH EXPECTED == YES IT WAS
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REGARDS
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#19
20th October 2007, 11:50 AM
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Re: Was the CRASH EXPECTED == YES IT WAS
Firstly forex trading is not illegal, I am a forex broker registered in india under indian company law.
Secondly, i used ***** finance data for the above charts which was unfortunately 1 day delayed, i am hunting for better dde data Thirdly, as regards to getting the data into mt4, being a broker i have my own data servers so i can get direct feeds. (i tried ***** for the first time this week) AmoghG if forex was illegal then so would reliance money and icici be illegal which allow online forex trading. 
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#20
20th October 2007, 11:52 AM
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Re: Was the CRASH EXPECTED == YES IT WAS
As for forex my favourite is gbp/jpy, very highly predictable, right down to the exact level moves. Never had a red trade on GJ
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