Are you thinking a new high this week?? You know its only one day away pip wise. 5 day ADR is at 238! When I go back on the Weekly and put fibs from highest high to lowest low 50 percent is around 131. zone.

You know I'm completely convinced you spend 1-2 hrs a day max trading with set and forget setups, and make some serious monthly pip counts. You don't need very many trades to do it either. Only take the really good ones with highest probability for success. Just spend about 10 min every 4 hrs looking at your charts. You either have a set up or not. Need to adjust a stop, exit a trade and go away for 4-8 hrs. And repeat.

EJ I'm in, it meets all my criteria for a 4hr entry. Candle closed above the PAC the 21 and the Hull. First yen trade in a long long time. Going to check out ACAD. Just getting going here.

I took some time to look for difference between APB and HA and like you said they are slight. APB may have a little longer body on some candles.

I'm assuming you can overlay Moving Averages on the lower indicator window With HA??

SG that is wild! how do come up with this stuff? I've been using Average Price Bars since the first of Year. They have been working well for me. Going to have to give this one some thought. Printed out directions. Placed them in the SG file of course.

Hey estimator, Had a little time to look at this. It seems the Hull gives a little faster signals both for entry and exit, thinking you could make a lot of pips with this. There is a lot of things I like about the channel. A lot of information in that channel as I'm getting to understand it more. I'm going to put this Hull MA on my current charts and see how it flies with the channel this week. It looks like it could be another layer of confirmation/information. Could be good. Catch up with later, I'm heading for the hills.

PS: Studied the Average Price Bars Verses the Hieken Ashi. Couldn't find any difference to speak of. Sometime a little larger body on the APB

Thanks, will take a good look at it the week end.

That looks really interesting, not familiar with Hull. It's the one changing colors?? Similar to Slope Direction Line? Always liked the Slope Direction Line. I can search for it? What parameters. Working a long day tomorrow but will find some time to play with it this week-end thanks..

Can't go wrong with a 100 pips per trade. staying with a trade when your +100 pips is tough. Nice trade, I'm still afraid of the Yen crosses, The Average Daley Range has just been huge on the yen crosses, EJ moving 230 pips a day. WOW

I'm doing it manually, when I enter the trade I'll put the stop about 20 pips above the opposite channel. If the trade moves in my favor then trail the stop on the leading edge of the opposite higher or lower channel. So on 4hr chart moving the stop every 4rhs after each new candle closes. So you just need to look at your charts every 4hrs. See if any new setups, adjust stops, or exit it charts suggests.

With this Price action channel set up on the 4hr I'm finding you can and need to really cherry pick your entries. You only need 3-4 really good trades a week to make your weekly pips. The loser I had ACAD, I really didn't follow the rules and anticipated the entry, and was fortunate to be a wake and close it or would have really got burnt. To really increase the probability of success, only take the PAC set ups that are on very strong support and resistance zones or FIBO zones. AND AND, check the news for the next 24hrs on your pair. Thats a big one for me

It was a great week Jav. Been letting my trades run and trailing the stop on 4hr charts. Staying with the trade till I see a good reason to exit. Anyway it worked this week.

Looks like you made some pips there. I was sleeping. Work kicked my but this week. Sure glad I got out of both UCAD and ACAD before bed last night. I see there was CAD and a lot of USD news this morning. Must get in a regular habit of checking news, would have made decision to exit sooner last night. Going to call it a week. about +420 pips this week. One looser for 22. Yahoo.

Looks good, I'm tied up at work for several hours. Going to check it out at the NY close. Think I would like to see a really strong 4hr candle close below channel with these yen crosses. Haven't traded a yen cross since first off year.

I'm in, I like it. Will keep a pretty tight stop on it. Thinking the 4 hr tunnel will hold it down and pull it through the daily tunnel.

Going to watch this one. Looks it pulled back a little but sure looks like it could drop soon. The tunnel is holding it up right now on the Daily.

He explains the candles are designed to keep you in the trade longer, to show more body and not change color till there is a real shift. What I like is you can hit the candle chart, and if your Japanese candles are are a different color you can see them through the Dean's bars.

The synergy average price bars were programed to work with the price action channel. So I think they are better for this set up. Dean has a video where he describes the difference. I had a hard time finding them. Search for Synergy Average Price Bars. If you can't find them I can send them to you. When you install them you have to turn on the line chart and set the color to none.

It been making a little nervous but going to give it a little more time. The price bars are hanging on the lower channel. Are you using Hieken Ashi candles or the synergy average price bars. They are similar but programmed a little different.

It really did. Closed mine while I was still in bed this morning on my phone for 105 pips. Then went back to sleep for an hour. Just getting going here. Trading on the west coast is not Ideal if your one that needs his 7-8 hrs sleep.

I'm in as well. Stop above the higher 4hr pin like bar. If we believe UCAD will drop they should drop together.

Have traded this one before?

That looks interesting. If it breaks through that 4hr tunnel look out below. But whats the spread. Am I seeing that right 30 pips?? That can't be right?

It sure did. A couple of 4hr pinbar type candles the last 24 hrs. I think its out of gas. It has a pretty high correlation with UCAD at 81 daily correlation. They should drop together. Going to set up a trade here before bed.

Considering going short EUR/CAD, The only thing I don't like is the bullish tunnel under it 4hr. but as I look back in time it really hasn't paid much attention to the tunnel. It just blows through it like its not there. UCAD pretty quite today. I think it moved a total of 31 pips....

U/CAD daily. OK I'm in. On the daily we have a nice bearish pin bar, off of an 88.6 retrace. Also bearish pin bar on weekly. I'm targeting the 61.8 area on the red fibs. They are set to the last large swing low to high on the weekly.

Thanks, it was estimators 4hr set up. I was crazy enough to hold it for two days.

Just closed your GBP/CAD trade estimator for 174 pips, good call on that one. Are you still short UCAD, thinking about a position there.

Here you go Jav. Look under the Synergy Method TDI


http://www.compassfx.com/video/

Jav, the PAC is two moving averages. They are both 5 smoothed. One is set to the high the other to the low. On Deans videos in the synergy method TDI category he has quite a bit of info on it.

Hey stargate, Its one of dean maloan's trading methods if you are familiar with him. It stands for price action channel.

EU is looking good on the 4hr. It is trying to find support on the tunnel. And inversely UCHF confirms the 4hr tunnel is holding it down. They both meet PAC entry right now.

I'll check it out, getting a late start this morning. My TP for EA got hit early morning for 99 pips. Still in GBP/CAD. Really getting whipped around. It just backed up 60 pips. But still up 50, Still thinking it is going to drop from here once the GBP news settles out.

Just went short GBP/CAD. at 1.5753, going to give it a lot of room, Have you looked at the weekly? I'm getting mixed messages there. still holding EA up 25 pips.

Still looking for entry on GBP/CAD. Going short soon as this retrace weakens. Any Idea what GBP news might have on price. Anyway I think if I give this enough breathing room. Likely to drop to 1.5480 area if patient. When looking at weekly a lot of S&R at that level.

finally went long on EA at 1.3040, Actually it just now is at conservative 4hr entry with close above 21 and the top channel crossing the 21.

Nice Entry. I'm going to get in, just a matter of when. What to see if I can do a little better on the entry. It went well over ADR today. Maybe a pullback during asian session. If not will jump in some where. Never traded or watched USD/DKK.

Did you get in G/CAD? I went out to do some business I come back it drops like 40 pips. It just touched the 21. It now meets all my rules for a conservative entry. Will be looking for a place to get in this afternoon. Looking at the weekly could see move to 1.5480, a lot of previous support there.

Hey Jav just put the GBP/CAD up a few posts back # 113678

I like this, It is comming off 78.6 retrace, I'm going to watch it for a close below the 121 and the 50 percent. just in case it finds support there. If it breaks through the tunnel and the 50, may be good for a couple hundred pips.