Murry Math Lines and Price Action

This is a discussion on Murry Math Lines and Price Action within the Forex Net Trap forums, part of the Specialists' Corner category; I don't usually trade GU but if I was this is what I'd be looking for especially if the 200EMA ...

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Old Oct 7, 2011, 8:32am   #49
 
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Re: Murry Math Lines and Price Action

stevepatt started this thread I don't usually trade GU but if I was this is what I'd be looking for especially if the 200EMA gets involved as well, remembering that it's NFP today.
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Old Oct 10, 2011, 11:05am   #50
 
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Re: Murry Math Lines and Price Action

stevepatt started this thread Took this long trade this morning.
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Old Oct 10, 2011, 4:28pm   #51
 
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Re: Murry Math Lines and Price Action

stevepatt started this thread This is the 1h chart showing reason for waiting for a test of a level to turn resistance into support. I didn't have time to do it earlier.
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Old Oct 11, 2011, 7:09am   #52
 
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Re: Murry Math Lines and Price Action

stevepatt started this thread I find it a good idea to try and determine, in an ideal scenario, what you would want to see happen in the market before taking a trade. This is what I would like to see with the EU this morning, wether I'm around to trade it is another thing but there's no point in rushing into a second rate position just to see it go against you.
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Old Oct 11, 2011, 6:05pm   #53
 
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Re: Murry Math Lines and Price Action

stevepatt started this thread Haven't been around to trade today but took this short, after I got in, market reluctant to go higher, this late in the day it would be unusual for the market to break such a strong resistance level.
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Old Oct 12, 2011, 7:50am   #54
 
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Re: Murry Math Lines and Price Action

stevepatt started this thread Took this long trade after test of 200EMA and the engulfing candle that came from it. I do like finding entries with the 200EMA and MML working together.
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Old Oct 13, 2011, 8:30am   #55
 
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Re: Murry Math Lines and Price Action

stevepatt started this thread This is what I'm looking for on EU
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Old Oct 13, 2011, 6:51pm   #56
 
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Re: Murry Math Lines and Price Action

stevepatt started this thread Well market came down to test previous resistance.
I've been out all day so haven't been trading got in to see what is becoming one of my favorite set ups with the break of resistance and 200EMA a slight pull back and of it shoots.
It's a setup worth looking out for.
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