Re: MURREY MATH lines

152
sizabici wrote: Tue Mar 31, 2020 7:12 pm

MM LINES CHANGED POSITION - going to close trade at BE; market may reverse; Price was mostly still hovering above the 4/8th and it may look for a possible test/retest of the level of 120 although still in a downtrend
Yes what a day! after indecision price got bellow 4/8th finally, touching 2/8th and retesting 3/8th when decided to go short looking for first target 0/8th where partial closed and now with a floating trade will let it run CLOSING THIS MONTH's activity IN PROFIT!

Re: MURREY MATH lines

154
sizabici wrote: Wed Apr 01, 2020 4:29 am USDCAD M5 - PLACING A BUY STOP order

Possible uptrend! And If the Loonie keeps falling and the USDCAD gets above 1.42075 we set a BUY STOP order taking a long position.
BUY STOP hit ... we are in
hmmm that was "short"!!! Maybe a reentry if the price gets back in cards


Re: MURREY MATH lines

160
03.04

GBPJPY M5
GBPNZD M5

CABLE IN an uptrend. At the first attempt to break above the 6/8th MM line it failed.
Price retested the 4/8th pivot line and from here it may look possible to bounce for to heading higher towards the 8/8th level line.
Almost the same scenario for GBPNZD. And if the Sterling keeps strengthening, based on our assumption the price will look to head higher sooner or later.
I see this scenario based on the fact that the KIWI is looking weakening too... The London Market open will do its right soon!