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  • #21,321
  • Jul 3, 2013 5:52am Jul 3, 2013 5:52am
Hi There People,

Still leasrning my way round and find your post very helful, Just wondered about the PAC scalping not sure if i missed it but is the 5 smoothed MA's shifted in the anyway in the settings or just zero.

Thanks again!
  • #21,322
  • Jul 3, 2013 6:13am Jul 3, 2013 6:13am
Quoting Phx62
A nice EJ move down at LO.....three trades in the last 24 hours......one and two were H1 scalp trades entered following pullbacks and TDI crosses.......trade three taken on a double top pullback and price moved straight down.....no retracement or blue candles on H1, M15 or M5......TP moved twice and hit......the bias was for all short trades based on divergence. {image}
Phx62 I have a question about that EJ trade at LO open. You said "TP moved twice" and your usual TP is 50 pips so when you see the market keep dropping you change your TP from 50 to 100 and then 150 pips,am I correct? And your 2 scalp trades,you take your profit early.So can you give us some idea like when to change TP target and when to get out sooner or what criteria for you to do that?
  • #21,323
  • Jul 3, 2013 6:17am Jul 3, 2013 6:17am
Quoting Armin2Forex
Hi There People, Still leasrning my way round and find your post very helful, Just wondered about the PAC scalping not sure if i missed it but is the 5 smoothed MA's shifted in the anyway in the settings or just zero. Thanks again!
You can read this post from emmanuel http://www.forexfactory.com/showthre...88#post6791088 and download the Synergy E.A.S.Y method pdf there.
And if you want more information you can go to compassfx.com,there are a lot of information about PAC and TDI there. Hope this help.
  • #21,324
  • Jul 3, 2013 6:17am Jul 3, 2013 6:17am
Quoting Armin2Forex
Hi There People, Still leasrning my way round and find your post very helful, Just wondered about the PAC scalping not sure if i missed it but is the 5 smoothed MA's shifted in the anyway in the settings or just zero. Thanks again!
Hi Armin,

No, do not shift the MA for the PAC. Leave that setting at 0.

You want the PAC to show you the actual recent volatility so it does not make sense to use the shift.

Big E use the 5EMA shifted+3 for other reason being an aggressive entry trader.

using shifted MA is known as 'displaced moving average'. Google that and you will find online resources what it is and how displaced moving averages are being used in some other systems.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,325
  • Jul 3, 2013 6:21am Jul 3, 2013 6:21am
Quoting frenetic
{quote} You can read this post from emmanuel http://www.forexfactory.com/showthre...88#post6791088 and download the Synergy E.A.S.Y method pdf there. And if you want more information you can go to compassfx.com,there are a lot of information about PAC and TDI there. Hope this help.
good spontaneous support. our post reply crossed...
we keep making reference to compassfx ... soon this thread will end up in the Commercial Content forum for promoting compassfx.

just like Craig Stochastic 5-method...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,326
  • Edited 6:38am Jul 3, 2013 6:22am | Edited 6:38am
Quoting Phx62
{quote} Sorry Steve, Can't share that one....it is a custom indicator I had made.


Hello, Sir.

If you don't mind, I have a small question. Is this a MTF indicator for TMS? or Stochastics? or APB (or HA) candles? There are similar MTF indicators made by Xaphod and I am just wondering if such MTF indicator is in any way useful when you trade. I haven't seen you ever mentioned about this MTF usages. Instead, you said when you trade at H1 chart, you only see H1 and don't need to see other time frames. I am just curious about it.


Thank you very much!

Justin

Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #21,327
  • Jul 3, 2013 6:29am Jul 3, 2013 6:29am
Quoting emmanuel7788
{quote} good spontaneous support. our post reply crossed... we keep making reference to compassfx ... soon this thread will end up in the Commercial Content forum for promoting compassfx. just like Craig Stochastic 5-method...
OMG! I have never thought about that,that would be a shame. Thanks emmanuel for reminding me,I will keep it in mind and be more careful next time.
  • #21,328
  • Jul 3, 2013 6:52am Jul 3, 2013 6:52am
Quoting emmanuel7788
Hey folks, Yesterday we discussed M5 scalping using Price Action Channel. Tell me you all missed this nice one when LO today. {image}
Hi Emmanuel,

This was my first PAC trade (EJ), very happy with the results and I only took 35 pips before going to bed.
Also did 25 pips on the EU.

Cant wait to try it again but looking at News maybe a good idea to watch?

Thanks again for your kind education.

Regards

Adam
  • #21,329
  • Jul 3, 2013 8:26am Jul 3, 2013 8:26am
Quoting adamjhdavis
{quote} Hi Emmanuel, This was my first PAC trade (EJ), very happy with the results and I only took 35 pips before going to bed. Also did 25 pips on the EU. Cant wait to try it again but looking at News maybe a good idea to watch? Thanks again for your kind education. Regards Adam
Hi Adam,
Well done!
More practice will be good and it will help you perfect the entry and exits for maximum pips for each of the price swings.
Observe closely the PA and the TDI behaviour especially the Green, Red and Yellow lines and also the level 32,50 and 68.
These are important when we trade lower TF using the TDI.

Good Trading going forward,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,330
  • Jul 3, 2013 8:36am Jul 3, 2013 8:36am
US PMI data release in 30 mins...
this is high impact news...
most economies reported slower growth in manufacturing, will the US be any different?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,331
  • Jul 3, 2013 8:49am Jul 3, 2013 8:49am
Hi Phx62 can you help me on wich time frame where have you seen the correct entry/trigger
because you entry at 130.60 is not clear for me :-(


thanks
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  • #21,332
  • Jul 3, 2013 9:00am Jul 3, 2013 9:00am
A little bit scalped today. In my opinion the TMS System works better with brokers, which use the GMT time as their server time.
Do you know how to change the H4 bars in MT 4 for the GMT time like IBFX uses it ?
A good trading friend suggested this one to me: http://www.forexfactory.com/showthread.php?t=206301

Before entering a position, i check the lower time frames: H4 --> H1 --> M30 --> M15 --> M5 --> M1. I trie to enter a position after a retracement. Is this the right way to handle this`?

Do we have to use the ATR indicator to improve the TMS trading ?

regards,
FX94
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  • #21,333
  • Edited 10:48am Jul 3, 2013 9:37am | Edited 10:48am
Quoting frenetic
{quote} Phx62 I have a question about that EJ trade at LO open. You said "TP moved twice" and your usual TP is 50 pips so when you see the market keep dropping you change your TP from 50 to 100 and then 150 pips,am I correct? And your 2 scalp trades,you take your profit early.So can you give us some idea like when to change TP target and when to get out sooner or what criteria for you to do that?
Yes, you are correct...on the H1 I move my TP in 50 pip increments.
The first two trades were SCALP trades, meaning that I had no reason to expect the market to move 50 pips based on time of day and a ranging market.....I had a bias of short trades based on the divergence so I entered with the expectation that when the market retraced 10 or 12 pips, I would exit.
Knowing when to move TP comes with hundreds of hours of learning price action on each pair. I have a M15 chart open alongside the H1 chart when I trade. When deciding to move TP, I watch price action on the smaller time frame and sometimes even move to the M5 to see if there are any retracements. If there is a retracement and any of the candles CLOSE blue on the M5 or M15 and price pulls back past the top of that blue candle, I consider closing the trade. On the attached M5 chart you can see that price moved down quickly, so at about 35 to 40 pips, I changed the TP to 100. At about 70 pips, price stalled and created an inside bar but the candle did not close blue. The following candle had wicks at both ends, so I cautiously watched to see if a reversal was about to occur. Remember, this is a M5 chart. Price then quickly moved lower, so I moved my TP to 150. I could have pushed my luck and tried for 200 because there was still no sign of a pullback but I was satisfied with 150. If I had moved TP to 200, I would have ended up with about 120 pips following the pullback.
It is difficult to put into words what happens in my mind as the trade is progressing but I hope this gives you an idea of what I look for.....
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  • #21,334
  • Jul 3, 2013 11:08am Jul 3, 2013 11:08am
Quoting Phx62
{quote} Yes, you are correct...on the H1 I move my TP in 50 pip increments. The first two trades were SCALP trades, meaning that I had no reason to expect the market to move 50 pips based on time of day and a ranging market.....I had a bias of short trades based on the divergence so I entered with the expectation that when the market retraced 10 or 12 pips, I would exit. Knowing when to move TP comes with hundreds of hours of learning price action on each pair. I have a M15 chart open alongside the H1 chart when I trade. When deciding to move TP,...
Yes,in my mind I can somehow understand what you are trying to say. I will keep reading your answer and watching old charts until I fully understand it. I think your answer will be informative for a lot of traders in this thread,not just me. Thank you so much for your time Phx62,have a nice day!
  • #21,335
  • Jul 3, 2013 11:15am Jul 3, 2013 11:15am
Quoting pinux76
Hi Phx62 can you help me on wich time frame where have you seen the correct entry/trigger because you entry at 130.60 is not clear for me :-( thanks {image}
The trade was taken on the H1 time frame based on a double top (Frankfurt and LO candles). There was divergence indicating price would go short at some point. I took the trade based on those factors....once price pulled back from the double top, I entered. The H1 TDI had not yet confirmed but green was touching red and both were below the yellow MBL, which was pointing down. TDI had crossed on the M15. I had no way of knowing how many pips price would move. I was trying for 50 but was able to get 150.....a good day.
  • #21,336
  • Jul 3, 2013 11:25am Jul 3, 2013 11:25am
Quoting heispark
{quote} Hello, Sir. If you don't mind, I have a small question. Is this a MTF indicator for TMS? or Stochastics? or APB (or HA) candles? There are similar MTF indicators made by Xaphod and I am just wondering if such MTF indicator is in any way useful when you trade. I haven't seen you ever mentioned about this MTF usages. Instead, you said when you trade at H1 chart, you only see H1 and don't need to see other time frames. I am just curious about it. Thank you very much! Justin
I do not use that indicator to enter or not enter any trades. It is simply an indicator based on moving averages and the dots change colors based on crossovers of the MA's. I only look at it to get an overall picture of what each time frame is doing when analyzing my charts in preparation for trading at the beginning of my trading session. I never base any H1 trades off that indicator.
I do use the highs and lows from each time period to help with those decisions.....I have the Monthly, Weekly, Daily and H4 highs and lows on my chart and I do use those lines to help determine S/R and targets.
  • #21,337
  • Jul 3, 2013 11:31am Jul 3, 2013 11:31am
Hey Phx62,
Do you draw the lines for the high / low of each period manually or do you use an indicator or a script ?
If so, could you please post it here for me ?


@all: Is it a good idea to go long in Eur / USD now ? No news and a strong signal at H1 ?

Best regards,
FX94
  • #21,338
  • Jul 3, 2013 11:55am Jul 3, 2013 11:55am
Any thoughts on this set up? 4 hour candle closes in 1 hour...

http://charts.mql5.com/1/952/nzdusds...-trading-2.png
  • #21,339
  • Jul 3, 2013 12:32pm Jul 3, 2013 12:32pm
Quoting emmanuel7788
{quote} No worries mate. I get more headache casued by the market than this. But I think that trade was a good one , right?

All of your trades ROCKS .I will come aboard soon.
Keep the good job and thank you so much buddy!
Failure, is a wonderful teacher!
  • #21,340
  • Jul 3, 2013 12:48pm Jul 3, 2013 12:48pm
Quoting Phx62
A nice EJ move down at LO.....three trades in the last 24 hours......one and two were H1 scalp trades entered following pullbacks and TDI crosses.......trade three taken on a double top pullback and price moved straight down.....no retracement or blue candles on H1, M15 or M5......TP moved twice and hit......the bias was for all short trades based on divergence. {image}
Inspiring as usual Phx 62

Was going to take the double top trade, confidence issue again. But even if I did, wouldve been nowhere near 150 target.
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