All the MAs are exponential. Also, I took davit's 50 MA
![](https://resources.faireconomy.media/images/emojis/64/1f61c.png?v=15.1)
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Simple trading method 49 replies
DislikedI believe PAC stands for price action channel and not price action candle. this channel is formed when you add 8ema of the high and 8 ema of the low to your chart.Ignored
DislikedYes, we could have taken this trade, if we see a new low - meaning a strong reject..... from the RN & close below all the previous bars (Price action). I call it as a re-entry method.
here is the proper re-entry setup....
http://www.forexfactory.com/showthre...87#post6011487Ignored
DislikedThanks for explaining that fx light. Having added the High & Low 8 EMAs to my chart (which already contains the 12, 72 and 200 EMAs), are we not in danger of overcomplicating this otherwise straight forward strategy?Ignored
Dislikedfxpro would you clarify this setup you mentioned earlier which turned BE
Your entry candle stays clearly into the 8emaPAC, (2h tf candle)
Then there is indecision-PAC-test afterward showing lack of momentum, (3h tf candle)
Then there is a PAC piercing, but momentum could be seen as too slow due to the previous indecision.
This process makes sense not to enter, I would like your opinion, also what do you think about my nzdusd entry previously posted?Ignored
DislikedVery simple....
when i entered the trade... i see a clear reject from 72EMA & close below 12EMA, so i entered, if there is an indecision after my entry, then its my bad luck...
Cheers,
FX-ProIgnored
DislikedHi burnzmeister,
PAC is just an option to view the Price action more clearly, if you think your chart is not clear enough by adding PAC... then you can stick to 12 EMA itself.... the objective here is that you should be able to read the PRICE ACTION Irrespective of your indis...Ignored
DislikedMan..... you use it on all the pairs & proving that this method work on almost all the pairs.... thank you so much....
Cheers,
FX-ProIgnored
DislikedThanks for explaining that fx light. Having added the High & Low 8 EMAs to my chart (which already contains the 12, 72 and 200 EMAs), are we not in danger of overcomplicating this otherwise straight forward strategy?Ignored
DislikedIf Romney wins Tues we could see greenbacks gaining on all dollar pairs.
If Obama wins we could see the opposite.
Business community and wall street is behind Romney.Ignored
DislikedPlease stay within System parameters otherwise things get confusing.
RegardsIgnored
Read more: http://www.babypips.com/school/what-...#ixzz2BNfGmFIu
DislikedGuys thanks for nice encouragements to post again.Lets be positive!
Sarvana after seeing your and mine trade numbers I reduced my trades dramatically.So far I have 2 trades this month.Both positive+76pips
Looking at AU.Its in very precarious situation.Waiting for confirmationIgnored
DislikedWelcome back my brother....
2 Trades with +76 Pips is an amazing result... just keep it on track... & set this month as an example.... i'm sure you will...
Keep up the good work...!
Cheers,
FX-ProIgnored
Dislikedone should always be aware what is happening.Its part of the System
-sentiment-
which is part of Price action,trend etc.Systems are good only if you understand factors that influence Price Action.
"
A trader must realize that the overall market is a combination of all the views, ideas and opinions of all the participants in the market. That's right... EVERYONE.
This combined feeling that market participants have is what we call market sentiment."
...
Read more: http://www.babypips.com/school/what-...#ixzz2BNfGmFIu
Ignored
REMEMBER: PRICE IS KING