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 am still using MML but it's more for guidence than anything else.Took this long trade after getting momentum breaking ...

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Old Nov 29, 2011, 12:33pm   #65
 
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Re: Murry Math Lines and Price Action

stevepatt started this thread I am still using MML but it's more for guidence than anything else.Took this long trade after getting momentum breaking through resistance as I entered it took off, this is the big advantage of trading with the momentum and taking the impulse moves. The 5m momentum candle, that cleared resistance, created an engulfing candle on the 1h chart.

I've got a lot to learn, it's having the desire to learn and expand your knowledge base that's important as a result I have been doing a lot of studying, of different things, to help me with trading price action because price action is the key to trading consistently in my opinion.
Trading is a giant jig saw puzzle and it's a matter of finding all the pieces you need to make trading work for you, but what fits one person might not fit with someone else it's an individual journey.
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Old Nov 29, 2011, 9:58pm   #66
 
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Re: Murry Math Lines and Price Action

Quote:
Originally Posted by stevepatt View Post
I am still using MML but it's more for guidence than anything else.Took this long trade after getting momentum breaking through resistance as I entered it took off, this is the big advantage of trading with the momentum and taking the impulse moves. The 5m momentum candle, that cleared resistance, created an engulfing candle on the 1h chart.

I've got a lot to learn, it's having the desire to learn and expand your knowledge base that's important as a result I have been doing a lot of studying, of different things, to help me with trading price action because price action is the key to trading consistently in my opinion.
Trading is a giant jig saw puzzle and it's a matter of finding all the pieces you need to make trading work for you, but what fits one person might not fit with someone else it's an individual journey.
This is soooo true.... I couldn't agree more.....
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Old Nov 30, 2011, 6:20pm   #67
 
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Re: Murry Math Lines and Price Action

Quote:
Originally Posted by stevepatt View Post
I am still using MML but it's more for guidence than anything else.Took this long trade after getting momentum breaking through resistance as I entered it took off, this is the big advantage of trading with the momentum and taking the impulse moves. The 5m momentum candle, that cleared resistance, created an engulfing candle on the 1h chart.

I've got a lot to learn, it's having the desire to learn and expand your knowledge base that's important as a result I have been doing a lot of studying, of different things, to help me with trading price action because price action is the key to trading consistently in my opinion.
Trading is a giant jig saw puzzle and it's a matter of finding all the pieces you need to make trading work for you, but what fits one person might not fit with someone else it's an individual journey.
Hi Steve,

What is it that you have been studying (book, web, other?), I'm always keen to find out what else I can study to increase my PA knowledge. So it would be grateful if you could let us know what it is!

Cheers
Steve
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Old Dec 1, 2011, 8:33am   #68
 
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Re: Murry Math Lines and Price Action

stevepatt started this thread
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Originally Posted by fwloop View Post
Hi Steve,

What is it that you have been studying (book, web, other?), I'm always keen to find out what else I can study to increase my PA knowledge. So it would be grateful if you could let us know what it is!

Cheers
Steve
Hi Steve

I started out reading The Candlestick Course by Steve Nison about a year ago and that helped a lot with understanding candle patterns and what they mean, but understanding candle patterns is only a small part of PA.

I've been looking at Sam Selden for Supply and Demand levels FXstreet.com Live Sessions Archives: Supply and Demand Trading with Mechanical Indicators and Oscillators in the Forex Markets

I've also been reading this thread on FF about trading PA using momentum and impulse and corrective moves intraday trend trading with price action @ Forex Factory

I just do a search on Google for PA and then look for things that fit with me, such as TFs used and not using indicators I'm found no need to buy anything, apart from the Steve Nison book, it's all out there on the internet for free.
I've found candle patterns when combined with trading with the impulsive moves keeps you in line with the order flow.
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Old Dec 2, 2011, 7:37pm   #69
 
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Re: Murry Math Lines and Price Action

stevepatt started this thread This is a trade I took using some of the things I've learnt from the http://www.forexfactory.com/showthread.php?t=222822 thread.

It's all about momentum and trading with that momentum and finding as much confluence as possible to strengthen the trade, the good thing about this method is it can be traded using any TF.
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Old Dec 4, 2011, 12:53pm   #70
 
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Re: Murry Math Lines and Price Action

stevepatt started this thread Here is a link to youtube for videos uploaded by Tradeprice (Sho) who started the Intraday Price Action Trend Trading thread on FF.

TheTradeprice's Channel - YouTube
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Old Dec 5, 2011, 10:41pm   #71
 
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Re: Murry Math Lines and Price Action

stevepatt started this thread Entered this trade a bit late in the day, but it looked a good set up after market stalled at supply level and then tested trend lines before continuing down.

I am slowly putting all the different pieces of the jigsaw together and getting a better idea of how Price Action works. It's important to look for supply and demand levels then see momentum away from these areas (the impulse move) I then look for the corrective move and then the PA to take the trade that way you are trading with the order flow. All the information needed to trade forex is available for free on the net all I've done is cherry pick what fits with my trading style.
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Old Dec 7, 2011, 3:19pm   #72
 
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Re: Murry Math Lines and Price Action

stevepatt started this thread Took this short trade earlier, with supply level above I was reluctant to go long and then got the momentum bearish bar so I was looking for the PA to go short and entered after PB at trend line with a 5 pip SL and 15 pip TP.
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