Chart Patterns and Murrey Math Trade

I caught another good move last night on the EUR/USD 1 hour chart.  There was a clear triple top right above the 7/8 Murray Math Line so I shorted the pair:

Forex Trade

 

 

 

 

 

 
My target is the 4/8th MM line at 1.2573 which has not been hit yet (13 pips away) but I've moved my stop up to the 5/8th line to retain profit.

Forex Chart

 

 

 

 

 

 

 

Popularity: 2% [?]

Comments

6 Responses to “Chart Patterns and Murrey Math Trade”

  1. Magdalena on November 19th, 2006 10:30 am

    Rich, Wow, you seem to be doing really well. Congartulations! Can you tell us some more about how does the Murrey Math work? Thanks.

  2. Brookwood on November 27th, 2006 9:31 pm

    Very nice job! I’m researching Murrey Math Lines and googled over to your post. Not sure if MML’s were necessary for the triple-top trade, but 93 pips is 93 pips.
    Wishing you continued success-
    B

  3. Forex Trader on March 24th, 2007 8:21 am

    i appreciate the murrey math lines , it is great ! . but could you please help me find out how this system works . or at least send me ralated links . thanks for your earlier attentions .

  4. Forex Trader on March 29th, 2007 2:47 pm

    Hello,

    Can you explain murray math lines or point me to where I can get some decent info regarding them?

    thanks,

    Colin one_fatcat @ hot mail dot com

  5. Forex Trader on February 22nd, 2008 1:04 am

    Where can I find Murrey math software that would allow me to draw lines like you do on your charts ?
    Amin Valliani

  6. Rich on February 23rd, 2008 1:40 am

    For a ton of murrey math indicator go to my link Metatrader indicators or browse to http://www.forexproject.com/forex_documents/search_form/ and search for murrey math

Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!