I am still getting PMs asking what the PAC indicator, settings, etc.
PAC = Price Action Channel
its just two moving averages
5-period Smooth Moving Average, High Price
5-period Smooth Moving Average , Low Price
there is no Shift in them.
Why use the PAC instead of the 5EMA, Typical Price, Shift+3?
Answer: We go back to the original way Big E started in 2008 when he was trading the Synergy trading model. He became aggressive as he gained more trading experience with price action. He removed the PAC and replace that with the 5EMA,Typical Price, Shift+3.
If you are new to trading, then start like he did as a newbie in 2008. Use the PAC. It will keep you out of many losing trades.
Look at CADJPY chart above. The price is inside the PAC so we do not sell or buy until we see a setup candle that closes above or below the PAC.
If you are a PASR trader, then you will see the Master Candle (Sep 15) consolidation. The same we dolike Big E, we do not trade any TDI cross when the price is in consolidation(Post#647). Go find another pair to trade.
PAC = Price Action Channel
its just two moving averages
5-period Smooth Moving Average, High Price
5-period Smooth Moving Average , Low Price
there is no Shift in them.
Why use the PAC instead of the 5EMA, Typical Price, Shift+3?
Answer: We go back to the original way Big E started in 2008 when he was trading the Synergy trading model. He became aggressive as he gained more trading experience with price action. He removed the PAC and replace that with the 5EMA,Typical Price, Shift+3.
If you are new to trading, then start like he did as a newbie in 2008. Use the PAC. It will keep you out of many losing trades.
Look at CADJPY chart above. The price is inside the PAC so we do not sell or buy until we see a setup candle that closes above or below the PAC.
If you are a PASR trader, then you will see the Master Candle (Sep 15) consolidation. The same we dolike Big E, we do not trade any TDI cross when the price is in consolidation(Post#647). Go find another pair to trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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