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  • #31,721
  • Mar 5, 2014 4:16am Mar 5, 2014 4:16am
Quoting Bizzzle
{quote} Its a PAC channel designed by Dean Malone of compassfx!!
Thanx Bizzzle!
Is it any good?
Those who know don't talk. Those who talk don't know.
  • #31,722
  • Mar 5, 2014 4:19am Mar 5, 2014 4:19am
Quoting fxFox.mb
{quote} Bizzzle, I do not "know" it - but thats my deviation interpretating the surroundings. - short trend is up - FO preceeding red candle is a PCRF sitting on a former S/R area - FO is blue - LO is blue - candle after LO had a higher high now the news move price - better retail sales EUR
Close my 2nd position at BE, didn't want to hold as there is divergence on the 1 hourly!
Give yourself a chance and trade it like it's layed out...
  • #31,723
  • Mar 5, 2014 4:20am Mar 5, 2014 4:20am
Here a trade on EU H1 I took this morning. I was under the assumption the yesterdays low might hold as the TDI crossed up I took it as per basic entry rules. Especially as the first blue bar was engulfing the red one.
But then it turned around on the spot.

Anything wrong with my entry/thinking or just bad luck?

http://abload.de/img/trad17yla6.png
  • #31,724
  • Mar 5, 2014 4:24am Mar 5, 2014 4:24am
Good Morning All,

Would someone kindly point me to the current working Cavemanager EA.

Thanks!
MAY THE PIPS BE WITH YOU!
  • #31,725
  • Edited 4:37am Mar 5, 2014 4:26am | Edited 4:37am
Quoting Bizzzle
{quote} Close my 2nd position at BE, didn't want to hold as there is divergence on the 1 hourly!
Yes, I am out too - hat the stop a little above my entry, reentered with 1/2 pos. which was +15 pips in profit but this was stopped out, too.
So result is up to now only 23 pips on 1/2 pos.

If divergence or not (you mentioned) depends on developement of the current candle.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-03-05 11.30 EURJPY - profit.png Size: 163 KB
fxFox (all times in my charts are GMT+1)
  • #31,726
  • Mar 5, 2014 4:26am Mar 5, 2014 4:26am
Anychance someone could share the PAC indi?
Thank you in advance.
Those who know don't talk. Those who talk don't know.
  • #31,727
  • Mar 5, 2014 4:29am Mar 5, 2014 4:29am
Quoting fxFox.mb
{quote} Yes, I am out too - hat the stop a little above my entry, reentered with 1/2 pos. which was +15 pips in profit but this was stopped out, too. So result is up to now only 23 pips on 1/2 pos.
Gonna watch PA on the 5min, I may re-enter!

Well done with your profits
Give yourself a chance and trade it like it's layed out...
  • #31,728
  • Mar 5, 2014 4:29am Mar 5, 2014 4:29am
EJ

3 bar reversal pattern
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 21 KB
Sad i'm not trying to understand PA
  • #31,729
  • Mar 5, 2014 4:31am Mar 5, 2014 4:31am
Quoting hugecat
Anychance someone could share the PAC indi? Thank you in advance.
Its A smooth 5 MA set to high and a smooth 5 MA set to low!
Give yourself a chance and trade it like it's layed out...
  • #31,730
  • Mar 5, 2014 4:34am Mar 5, 2014 4:34am
Quoting Bizzzle
{quote} Its A smooth 5 MA set to high and a smooth 5 MA set to low!
Thanx, Bizzzle, again. You're a star!
Those who know don't talk. Those who talk don't know.
  • #31,731
  • Mar 5, 2014 4:35am Mar 5, 2014 4:35am
Quoting hugecat
Anychance someone could share the PAC indi? Thank you in advance.
may be this
Attached File(s)
File Type: ex4 Synergy_Pro_APB.ex4   7 KB | 403 downloads
Sad i'm not trying to understand PA
  • #31,732
  • Mar 5, 2014 4:37am Mar 5, 2014 4:37am
Quoting omonisha
{quote} may be this {file}
Thanx, Omonisha, I've got it.
Those who know don't talk. Those who talk don't know.
  • #31,733
  • Mar 5, 2014 4:49am Mar 5, 2014 4:49am
Quoting heispark
{quote} Oh, thank you again for the tip! Then I have to seriously test this tool myself.
I haven't taken any trades that are breakouts of the channels at all, so if people are into that kind of thing I don't know how that works, I've only used it for support/resistance and look for the channel to continue, so if I am not in a sell for instance at the top or middle of the channel I certainly won't be in it for the breakout.
  • #31,734
  • Mar 5, 2014 4:50am Mar 5, 2014 4:50am
Quoting niktrad
{quote} Hi Darranforex I have tried using your settings with my mptm on Alpari and MT4 v4 build 600. The chart says break even set to 10 & break even profit set to 2. This is as expected but different from the chart you uploaded. I got the same result (chart says break even set to 10 & break even profit set to 2) with your settings and your mptm on Alpari. So I'm not sure why your chart display was different.
Thanks NikTrad, but I think the problem might be with the broker signal. You see, I don't use Alpari, I use HotForex. I KNOW it works on Alpari's platform, it even says so in the documentation (twice!). I need to know, if it works on HotForex, someplace else besides here, where it doesn't. Thanks! Darran.
  • #31,735
  • Mar 5, 2014 5:06am Mar 5, 2014 5:06am
Anyone trading GU 4 hour?

Bounce off bottom of channel (maybe pullback candle)

Divergence on 4 hour!!

Patients is key
Attached Image (click to enlarge)
Click to Enlarge Name: GU 4 hour.png Size: 22 KB
Give yourself a chance and trade it like it's layed out...
  • #31,736
  • Mar 5, 2014 5:07am Mar 5, 2014 5:07am
Quoting niktrad
{quote} Hi Darranforex I have tried using your settings with my mptm on Alpari and MT4 v4 build 600. The chart says break even set to 10 & break even profit set to 2. This is as expected but different from the chart you uploaded. I got the same result (chart says break even set to 10 & break even profit set to 2) with your settings and your mptm on Alpari. So I'm not sure why your chart display was different.
Just so you know, I appreciate your help. Here is the PDF where on the first page he explains he's tested it on Alpari.

I think it's HF that's the problem.
Attached File(s)
File Type: pdf Multi purpose trade manager instructions (2).pdf   109 KB | 496 downloads
  • #31,737
  • Mar 5, 2014 5:24am Mar 5, 2014 5:24am
.This is the type of trade I've been making. Hit the channel, it was actually about 8 pips higher than where it is now, came back up through it, moved to m15, inside bar, bullish engulfing, m15 stoch showing bullish divergence, h1 stoch agrees when I go in, m15 tdi about to cross.
Attached Image (click to enlarge)
Click to Enlarge Name: euraudmm15.png Size: 26 KB
  • #31,738
  • Mar 5, 2014 5:25am Mar 5, 2014 5:25am
Quoting lastingwell
{quote} I've been using the shi channel and setting the h4 and upwards on an h1 and below timeframe it is very good as far as I'm concerned, I have taken lots of trades over the last week taking them into consideration and all been winners. GJ h1 yesterday was at the bottom of the channel, touched it even and I took the first buy I could for 100 pips. EA mostly buys last week the h4 channel didn't move all week and price bounced off of it until it went for the top of the channel, hit it and then dropped this week, and this morning it hit the bottom...

Thanks for the indicator, Lastingwell.

@BigEMM Thanks for the suggestions, I won't take a new trade unless I go through the PCRF.
  • #31,739
  • Mar 5, 2014 5:37am Mar 5, 2014 5:37am
Quoting hugecat
{quote} Emmanuel, What are those orange channels on your graph? I've been using Big E's Method 5 with 5 EMA, TDI and Stoch only. Are those channels helpful or essential? Regards.
Hi hugecat,

Big E H4 trading H4 trading using 5EMA shift+3 is an agressive entry method. Using the PAC is conservative and I use that to compare the 5EMA type entry and also the PAC entry.
See post#31.637 where I share my EA trade . It is one of those situations where we have a TMS entry and few candles later we see a Synergy model PAc entry.
In such situation, we can break the TMS entry rule which say we cannot entert a trade on candle #3. In this way we do not miss a trend breakaway.

Attached Image (click to enlarge)
Click to Enlarge Name: EA H4 week 10 trade.png Size: 39 KB


The PAc can use set up using the normal moving average and in al trading platform. we do not need to rely on MT4 indicators.

See below on how to set up a PAC using 5-period smoothed moving average.

Attached Image (click to enlarge)
Click to Enlarge Name: PAC settings.png Size: 86 KB


Compare the 5EMA and the PAC:

Attached Image (click to enlarge)
Click to Enlarge Name: PAC vs 5EMA.png Size: 56 KB


Do they make a lot of difference?
The PAC has its usefulness to show us the recent price volatility. When the price candles are trapped inside the PAC, it is consolidating. Therefore we wait for the beakout.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,740
  • Mar 5, 2014 5:44am Mar 5, 2014 5:44am
Quoting emmanuel7788
{quote} {image} The last H4 candle pullback too much. So I scale out and take some profit which will reduce the overll risk for this trade. Move SL to recent 2 bar high to fight the London session today. {image}

EA trade update:

Slow moving but trend still intact. Move to a new TP and trailing using the PAC upper channel.

Attached Image (click to enlarge)
Click to Enlarge Name: EA H4 week 10 trade update 2.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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