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Trading Made Simple

Just a reminder that US and Canada have Bank Holidays today and Draghi starts speaking at 13.15 GMT.
Trade what you see not what you hope for.
Never argue with a fool; onlookers may not be able to tell the difference.
Quoting dewdrops
{quote} Interesting. Just loaded ADR pro calculator and SD on charts. Do you set the bias following SDC channel or go by last W1 while taking trades on H4? In this example, last W1 was bullish but H4 SDC showing down. {image} {image}
A classic example of knowing what an indicator is doing before relying on it.
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The default setting is for a 5 day look back. Changing that has a big effect. You need to back test and see which setting works best for your trading TF
Never argue with a fool; onlookers may not be able to tell the difference.
Quoting emmanuel7788
Divergence setups trades. Sometimes divergence work other times most fails {image} {image}

Here's an example of a losing trade I took. Atleast it went against me.

Some pointers that I personally think.

TREND -> CONSOLIDATION -> REVERSAL / CONTINUATION : I always forget the middle part and get pulled in too early.

SL Too Tight.

Position building grid was too narrow both in time and in price.
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  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting Lookleft
{quote} A classic example of knowing what an indicator is doing before relying on it. {image} The default setting is for a 5 day look back. Changing that has a big effect. You need to back test and see which setting works best for your trading TF
moin

absolute right,
everbody should only use tools he really understand, and what can be done with it.
Otherwise it costs your own money. The deviationtool for example is a nice thing for me,
but I use it for a longer time , developed in 2008, found here in FF.
So we all have to read and learn.
Just my view

green pips to all
from level to level - you need mental strength to reach the summit
hello friends hope everyone is good and making money I would like to know what are the 2 ema lines that dean Malone uses on his charts is it the 5ema high and low shift 3 or something else it looks good to use and may want to start using it Thankyou all
Also some people are using 10 ema some 5 ema am kind of confused to which is better to use
Quoting trade786
hello friends hope everyone is good and making money I would like to know what are the 2 ema lines that dean Malone uses on his charts is it the 5ema high and low shift 3 or something else it looks good to use and may want to start using it Thankyou all Also some people are using 10 ema some 5 ema am kind of confused to which is better to use
Hi there,


In this thread there is a couple of things that are being used.

5 Simple MA Shift 3
10 Exp MA
PAC = Price Action Channel (Dean Malone)

The PAC is most conservative I think. It is calculated using the 9 EMA of high and low with some fancy smoothing. It is included in the Synergy PRO

In the end, they are all alike and changing from one to another will not change a losing trader into a profitable one. Best is to choose one and stick with it. (I haven't actually done this myself ). You should try and overlay all 3 on a chart. Differences are not too big

Best of luck,
Quoting tibovwh
{quote} Hi there, In this thread there is a couple of things that are being used. 5 Simple MA Shift 3 10 Exp MA PAC = Price Action Channel (Dean Malone) The PAC is most conservative I think. It is calculated using the 9 EMA of high and low with some fancy smoothing. It is included in the Synergy PRO In the end, they are all alike and changing from one to another will not change a losing trader into a profitable one. Best is to choose one and stick with it. (I haven't actually done this myself ). You should try and overlay all 3 on a chart. Differences...
tibovwh, I think it's the 5 ema with a shift of 2 or 3 and set to typical price
the cautious seldom err....C
  • Post #62,990
  • Quote
  • Edited Nov 19, 2015 11:23pm Nov 11, 2015 4:49am | Edited Nov 19, 2015 11:23pm
Quoting trade786
hello friends hope everyone is good and making money I would like to know what are the 2 ema lines that dean Malone uses on his charts is it the 5ema high and low shift 3 or something else it looks good to use and may want to start using it Thankyou all Also some people are using 10 ema some 5 ema am kind of confused to which is better to use
Its the 5ema high low, shift 0

Here is the indicator with the build in channel

{ copyrighted attachment deleted by staff }
Quoting emmanuel7788
{quote} long time ago I posted these in LE1 thread. http://www.forexfactory.com/showthread.php?t=381813 http://www.forexfactory.com/showthread.php?t=317213
Hello Emmanuel7788,
yes I know something like that was on LE1 thread , but have patiently look for it with know success, hence the reason why I made the request here.
These two links you have been kind enough to give (as usual)seems not to be what I really want.
I want to get an alert sound indicator to ring once price cross 10ema on either 1hr or 4hrs form either below and close above or from above and closes below with a pop message coming with the actual pair with the cross.
sorry for my troubles.

Thanks
Enter Signature
I plotted 5ema high and 5ema low shift 3 which looks good
Quoting kbforex
{quote} Hello Emmanuel7788, yes I know something like that was on LE1 thread , but have patiently look for it with know success, hence the reason why I made the request here. These two links you have been kind enough to give (as usual)seems not to be what I really want. I want to get an alert sound indicator to ring once price cross 10ema on either 1hr or 4hrs form either below and close above or from above and closes below with a pop message coming with the actual pair with the cross. sorry for my troubles. Thanks
are you referring to this?http://www.forexfactory.com/attachme...1&d=1284101268
the cautious seldom err....C
hey pips29 sorry not at computer so can't open the file
Quoting trade786
I plotted 5ema high and 5ema low shift 3 which looks good
The 5 ema high/low is the old pac and there is no shift...The shift 2 or 3 is the 5 ema set to typical price which the late big E used..Please do not get yourself confused
the cautious seldom err....C
ahh ok I see it now as I observe price using the PAC I see that the tdi crosses before the price breaks out of the channel which means I am leaving a lot of pips on the table
  • Post #62,997
  • Quote
  • Edited Nov 19, 2015 11:23pm Nov 11, 2015 5:30am | Edited Nov 19, 2015 11:23pm
Quoting pips29
{quote} The 5 ema high/low is the old pac and there is no shift...The shift 2 or 3 is the 5 ema set to typical price which the late big E used..Please do not get yourself confused
Pips 29 is right, use this one trade789

{ copyrighted attachment deleted by staff }
Thankyou stefan17 I will surely try this when I get home from work
Well !

Every trader is to add the new channel ( SDC ) to their charts and hope to become successful with it !!

This channel has nothing new to do! it will just make a mess and deciding to enter will be so difficult. of course your are free to test it.
There were many kind of these channels that added to the charts before and did not help no one!

This system is simple ! what are you looking for ?!!

Back to the third page and see what BIG E said:

I know there is no way to stop others from adding other indicators. It's human nature. I would appreciate it if you did not post those indicators on this thread. Please start your own thread if necessary. It's a lot of work.

This is my opinion!
regards
Quoting farhad10
Well ! Every trader is to add the new channel ( SDC ) to their charts and hope to become successful with it !! This channel has nothing new to do! it will just make a mess and deciding to enter will be so difficult. of course your are free to test it. There were many kind of these channels that added to the charts before and did not help no one! This system is simple ! what are you looking for ?!! Back to the third page and see what BIG E said: I know there is no way to stop others from adding other indicators. It's human nature. I would appreciate...
I disagree with you Farhad, the channel helps me allot, and keeps me out of bad trades. Each to his own liking
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