Using Murray Octaves and Time Levels for Chart-Based Market Analysis
Summary
The article presents a chart-based interpretation of the Murray system, derived from Gann-related ideas. It divides a chosen price range into eight equal parts, called an octave, then subdivides those intervals into smaller octaves for closer analysis. The author also describes vertical time intervals and diagonal lines as ways to frame timing and the speed of price movement. Fibonacci tools and custom indicators are suggested for drawing levels.
The method is illustrated with examples involving USDJPY and a table relating price ranges to major octave heights. The author discusses watching for breaks and rebounds at levels, and combining price levels with time markings, speed lines, and other chart constructions. Suggested level strengths and candle-based confirmation rules are offered as trading heuristics. The article provides illustrative chart reasoning, not a systematic test or quantified evidence that the levels predict price. It acknowledges that the markup alone cannot determine whether a target will be reached and recommends further analysis; its forecasts and claims about accuracy should therefore be treated cautiously.
Key ideas
- A selected price range is divided into eight equal intervals to form a major Murray octave.
- Smaller octaves are created by repeatedly subdividing the relevant price interval.
- Time intervals and diagonal speed lines are presented as complements to horizontal price levels.
- The author treats breaks, rebounds, and prior-candle confirmation as trading cues.
- The examples are illustrative, and the article does not provide systematic validation of predictive performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.