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Trading Made Simple

  • #82,201
  • Edited 7:46pm Sep 27, 2017 7:20pm | Edited 7:46pm
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.

Attached Image (click to enlarge)
Click to Enlarge Name: PAC setting.png Size: 76 KB


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.


Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY consolidation.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,202
  • Sep 28, 2017 1:22am Sep 28, 2017 1:22am
Quoting emmanuel7788
{quote} 40 years ago I too did understand and did not know anything about forex. I only knew how to exchange my local currency into foreign currencies of the countries I traveled to. Well, it is good you found it here and get started. It will take time and it all depends on you, how much time you are willing to spend learning and practicing.
Thanks alot Emmanuel for the reply. that was really encouraging and motivating. I started trading earlier this year but my account got wipe several times. I have been following and studying this thread for some time now and am encouraged. Wish there is a way i could contact you privagely to get some more advice. Thanks
  • #82,203
  • Sep 28, 2017 1:54am Sep 28, 2017 1:54am
Quoting emmanuel7788
Here is an Introduction to Trading Made Simple Post 71,888 Here is a quick introduction to this Trading Made Simple thread: Trading Made Simple for beginners : Post#52,707 .....
Excellent. Just what I was looking for to read and learn this system. You are doing amazing job. Thank you a million.
  • #82,204
  • Sep 28, 2017 1:57am Sep 28, 2017 1:57am
Quoting emmanuel7788
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. ...
Can you please share the indicator you are using for the Master Candle?

I also downloaded the TMS monitor indi (and the template) from your post last time you shared it, but it is not working. Is there an updated version?
  • #82,205
  • Sep 28, 2017 4:58am Sep 28, 2017 4:58am
Quoting sabbah
{quote} Can you please share the indicator you are using for the Master Candle? I also downloaded the TMS monitor indi (and the template) from your post last time you shared it, but it is not working. Is there an updated version?

for Master Candle, look in the attachments.

Attached Image (click to enlarge)
Click to Enlarge Name: FF search attachment MC.png Size: 181 KB


for the TMS Monitor, go to that thread for help.

https://www.forexfactory.com/showthr...68#post8753868
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,206
  • Sep 28, 2017 5:09am Sep 28, 2017 5:09am
Quoting mop4
{quote} Thanks alot Emmanuel for the reply. that was really encouraging and motivating. I started trading earlier this year but my account got wipe several times. I have been following and studying this thread for some time now and am encouraged. Wish there is a way i could contact you privagely to get some more advice. Thanks
Advice #1 : Do not think of trading retail spot forex for a living. Very rare few exceptional people can do that.

Advice #2 : You will not find a Winning System that Fits You here in any public forum like Forex Factory.

Advice #3 : Keep your day job, build that as your life long career. It will pay your bills. Trading can be another source of income.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,207
  • Sep 28, 2017 5:17am Sep 28, 2017 5:17am
Any advice on EUR/gbp that shoot back up .... I am on sell mode?
  • #82,208
  • Sep 28, 2017 5:25am Sep 28, 2017 5:25am
Quoting Jaizy
Any advice on EUR/gbp that shoot back up .... I am on sell mode?

the Day has not ended yet, what shoot back up?

you exit when HA candle close with changed in colour...

or

worst case scenario you have your SL above the MC High or the PAC upper channel.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,209
  • Sep 28, 2017 6:27am Sep 28, 2017 6:27am
Quoting emmanuel7788
{quote} EURJPY Sep 21 H4, makes another test of the BRN 134.00. There is no sign of it reversing. Look at MN and W1, then look at D1. {image}
Hi Emmanuel,
Please, buddy, can you share that your multi-time frame indicator on your chat. I have been searching for one where I can set the chart to different time frame for me to monitor. I will really appreciate. thanks man.
  • #82,210
  • Sep 28, 2017 8:17am Sep 28, 2017 8:17am
Quoting emmanuel7788
{quote} Advice #1 : Do not think of trading retail spot forex for a living. Very rare few exceptional people can do that. Advice #2 : You will not find a Winning System that Fits You here in any public forum like Forex Factory. Advice #3 : Keep your day job, build that as your life long career. It will pay your bills. Trading can be another source of income.
On advice #1, my personal opinion is that if you are serious and passionate about trading and you must strive to live off it. Otherwise you are spending too much time on a hobby, wouldn't you say?
  • #82,211
  • Sep 28, 2017 10:04am Sep 28, 2017 10:04am
Someone have any suggestions for E/S?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD..H4.png Size: 60 KB
  • #82,212
  • Sep 28, 2017 2:08pm Sep 28, 2017 2:08pm
Quoting dollarman
{quote} Hi Emmanuel, Please, buddy, can you share that your multi-time frame indicator on your chat. I have been searching for one where I can set the chart to different time frame for me to monitor. I will really appreciate. thanks man.

last post on this same request :

https://www.forexfactory.com/showthr...7#post10248887
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,213
  • Sep 28, 2017 2:11pm Sep 28, 2017 2:11pm
Quoting kmic14
Someone have any suggestions for E/S? {image}
nice, month end shadow trading.

short term buyers and long term sellers exits are creating the MN candle lower wick/shadow.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,214
  • Sep 28, 2017 2:19pm Sep 28, 2017 2:19pm
Quoting darko2010
{quote} On advice #1, my personal opinion is that if you are serious and passionate about trading and you must strive to live off it. Otherwise you are spending too much time on a hobby, wouldn't you say?

there are many people here in FF who are very serious and passionate about trading and these people will never be able to trade for a living. they are missing one very important ingredient of financial freedom.

those who treat retail forex trading as a hobby will be in the 95% of losers. they all learn from forex coaches who taught them to trade with money they can afford to lose, and they will eventually.

I too have a hobby which I am very serious and passionate about and it is not forex trading. Its an investment over many years and generate passive income.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,215
  • Sep 28, 2017 3:00pm Sep 28, 2017 3:00pm
Quoting emmanuel7788
{quote} You missed the Market Type determination which is very important. In ranging market type, we can both buy and sell, until the breakout into a new trend. Trading in ranging market type, the probability of breaking even is high and the risk is under control when we trade with MEME. If you consider trading MEME with the fix lot positions using 0,5ADR (100) days, below is an illustration how it is done. Most traders do this basic model because they trade small lots with small accounts. {image} However, in my MEME trades I use %Risk and Position...
hi emmanuel
I have questions, please answer
Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-09-29_03-20-25.png Size: 40 KB
Do not understand English, forgive me with google translation
  • #82,216
  • Sep 28, 2017 3:01pm Sep 28, 2017 3:01pm
Hello Emmanuel,

please,can you explain more on not taking forex trading as a living.What about having it as an investment?
  • #82,217
  • Sep 28, 2017 6:56pm Sep 28, 2017 6:56pm
Quoting emmanuel7788
{quote} Yup. Good way to look for swing high/swing low. There are also 2 bars swing high and 3-bars swing high to look out for, Now UCad heading to 1.2500 on D1 chart, bound to see reaction at that level .. it is CONFLUENCE of various support/resistance and also 'hidden gems'

USDCAD ... power of CONFLUENCE of Close price, support/resistance, 50EMA and BEOB 'hidden gems'.

nice pull back candle we have yesterday.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 39 Sep 28 reaction.png Size: 46 KB


potential new targets above should this correction continues.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,218
  • Sep 29, 2017 6:40am Sep 29, 2017 6:40am
Quoting kmic14
Someone have any suggestions for E/S? {image}
Pardon me if I am wrong, which I am new to the TMS method myself.
According to the 5 general rules Big E was saying, and later enhanced by Mr.Emmaunel7788

1. I would just wait for green pass red above 50 lines which at the moment i wrote this , it actually just went over the 50line, GJ
2. You can try to use the synergy candle they talked about in the threads, b/c on my end, i think the best time to enter for long is passed but i can be wrong.
Attached Image


3. Currently it still wanders around at the 1.18 resistance line and again i would wait the next 1 or 2 candles that actually either shows sign of consolidation or keep breaking the top or the bottom of the PAC.
4. Judging by the fibo, it currently shows a very weak reverse trend and long Euro could be risky.

Again, I am rookie as well and please correct me if my statement has not been made strong.
Always be humble, and Stay Vigilant
  • #82,219
  • Sep 29, 2017 12:12pm Sep 29, 2017 12:12pm
Last trades of this week..
Happy TMS trading
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_4.png Size: 29 KB
Click to Enlarge Name: Screenshot_5.png Size: 24 KB
  • #82,220
  • Sep 29, 2017 3:59pm Sep 29, 2017 3:59pm
Quoting Forexrocks
{quote} Pardon me if I am wrong, which I am new to the TMS method myself. According to the 5 general rules Big E was saying, and later enhanced by Mr.Emmaunel7788 1. I would just wait for green pass red above 50 lines which at the moment i wrote this , it actually just went over the 50line, GJ 2. You can try to use the synergy candle they talked about in the threads, b/c on my end, i think the best time to enter for long is passed but i can be wrong. {image} 3. Currently it still wanders around at the 1.18 resistance line and again i would wait...
Hi forexrocks
As my understand goes and maybe Emmanuel7788 can correct me if I'm wrong the the HA candle needs to close above higher PAC line. Please see attached photo

Cheers
Craig
Attached Image
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