I think I am just going to keep it simple and use 5 ema shift 3 and tdi and trade with the longer trend
- #63,002
- Edited 6:32am Nov 11, 2015 3:00am | Edited 6:32am
OUT of TOPIC ?
How I see SDC channel
I read more in this thread about Deviation channel, like SJ posted.
So I hope its allowed to make a note how I see the use of this tool.
If we trade H4 , we look at Weekly for the trend. Here is an example with USDCAD, look for the small trend and set the start of DC at the start
date of the trend. As you can see the deviationlines are corresponding with the weeklycandles
if not I change the settings for the lines
Then I go to H4 , and see the same channel with same settings and look how they corresponding with H4 candles,
as you see its not to bad
now the deviationlines work like trendlines , adequate to weekly. And give you a clue of PA
If not I have to change the settings for the deviationlines inside the tool or the startpoint is wrong.
Maybe you have different settings for different pairs, but thats homework.
After that use the proper entryrules of TMS, so it works for me - must not for others,
but hope it helps.
If this post disturb someone , please forgive an old trader
green pips all
How I see SDC channel
I read more in this thread about Deviation channel, like SJ posted.
So I hope its allowed to make a note how I see the use of this tool.
If we trade H4 , we look at Weekly for the trend. Here is an example with USDCAD, look for the small trend and set the start of DC at the start
date of the trend. As you can see the deviationlines are corresponding with the weeklycandles
if not I change the settings for the lines
Then I go to H4 , and see the same channel with same settings and look how they corresponding with H4 candles,
as you see its not to bad
now the deviationlines work like trendlines , adequate to weekly. And give you a clue of PA
If not I have to change the settings for the deviationlines inside the tool or the startpoint is wrong.
Maybe you have different settings for different pairs, but thats homework.
After that use the proper entryrules of TMS, so it works for me - must not for others,
but hope it helps.
If this post disturb someone , please forgive an old trader
green pips all
from level to level - you need mental strength to reach the summit
- #63,003
- Nov 11, 2015 4:25am Nov 11, 2015 4:25am
- Joined Aug 2012 | Status: Trader | 18,655 Posts
the cautious seldom err....C
- #63,004
- Nov 11, 2015 4:29am Nov 11, 2015 4:29am
- Joined Aug 2012 | Status: Trader | 18,655 Posts
the cautious seldom err....C
- #63,015
- Nov 11, 2015 5:32am Nov 11, 2015 5:32am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} EURGBP Week 46. My plan is to sell following the weekly as my Primary Trend. Take note that this is s special pair with ADR of about 70pips and Weekly range of 125pips. the hourly move is very small my trades target is about 20pips as i build position. It is slow moving as both EU and GU are sideways narrow range now. {image} So far, I managed to take some profits total 67pips. {image}
EURGBP Week 46 11 Nov trades closed.
Total 136 pips closed.
Now we watch how price reacts at RN 0.7050 and last week' low.
Next target 0.7025.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #63,016
- Nov 11, 2015 5:44am Nov 11, 2015 5:44am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
{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...
It's Veterans Day in the USA,
The Gov't (Banks) have a day off.
Don't get confused, this is easy stuff.
Were basically using the 5 method or Tms by Eelfranz!
The only thing were talking about is levels or targets.
The 5 ema shift 3 is what Eelfranz used.
The Pac is what Dean Malone used.
The 10 ema is what Loveevery1 used (& Emmanuel).
They are basically all the same. We are still using the green/red
cross of the Tdi.
Everyone should read Eelfranz Pdf.
sj
