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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
Sir Ignore
United States
Posts: 3068
13 years ago
Jun 15, 2011 22:03
ur learned from good man, Vegas....

quite so on the weekly...5,21..
TomB
The Rock, UK
Posts: 17
13 years ago
Jun 15, 2011 21:59
Ignore, long term trends are based on the weekly chart: 21ema, 5sma: if the tunnel is shrinking, trend is down, if expanding trend is up. And fully agree: against trend, it should always be considered a scalp and not a trade to chase far outlying fibos. By cb you mean central bank? No, I'm a retail trader who had the fortune to learn a system from a guy called Vegas, hence the name: Las Vegas tunnel. :) The least I can do is give credit to the guy, even though I don't even know his real name.

And by the way, I'm quite excited about this 11 pip breakout signal on H1, so I know I'll be up all night. :) Thanks for the tip. I always enter at the tunnel lines, never occured to me to improve the entries. I would still love to see real time how you don't get shaken out of posis.
Sir Ignore
United States
Posts: 3068
13 years ago
Jun 15, 2011 21:58
indicators point direction and timing, if read correctly..necessary for me to match to tunnel position/price..
Sir Ignore
United States
Posts: 3068
13 years ago
Jun 15, 2011 21:57
Tom,euro trade now 44 out of money, swiss 64 out..
added correctly...safe area now..not much damage here
forecast both winners and then when hit tunnel
will pair trade..

plus always trade the 4 hr.
Sir Ignore
United States
Posts: 3068
13 years ago
Jun 15, 2011 21:54
good advice on the 3 pips :) there are 'ghost' fibo levels that occur regularly
for instance 111 and others, noticed by practice...31 occurs reg from sma..for a pause.
unable to discount, espec. if wanting sideline for w/e or other reason.
Seasoned tunnel traders, count the fibo numbers from midtunnel, creating very good
margin for error..

how do you determine long term trend and who taught you this system?
Gunjack
London, UK
Posts: 1184
13 years ago
Jun 15, 2011 21:49
hey 90% thats some large drawdowns...
TomB
UK
Posted Anonymously
13 years ago
Jun 15, 2011 21:47
Ignore, the simple was meant as sma not as an expression of contempt. :)) Also, expo was meant as exponential. I didn't actually go to any expo. (Ever.) Sorry for the mix up, what I meant is that I use the exponential moving averages while you use the simple moving averages. :)) It's a pain really, because I still can't definitively settle the score for either one, both have excellent (to the pip) hits. For a long while I was watching both parallel and pretty much decided exponential is better for me. Maybe here's the chance compare our notes and see if the exponential model can come up with 91%. :)

About take profit, I wondered if seasoned tunnellers have better exit strategies than exiting at fibos. I guess I'm just forcing the issue too much, I would love a system that allows me to have the bigger part of the posi run longer. But it is more important to be at b/e fast. Well, I guess I should settle for aiming at staying with the posi longer during the trend with the last unit. (To have more confidence in the fibos.)

ADX, CCI, STOCH, RSI, SAR - How useful did you find these? Are these for filtering or purely for trend direction? I don't use anything like these, only add the usual channels, s/r lines, and what I've found very reliable for s/r zones: daily pivots/midpivots. Just to give an idea: yestarday R2 was @ 4496.

Just as a sidenote, although I'm sure it was a typo, may I suggest you take profit at the 34 fibo instead of the 31 as the 34 is an actual fibo level. :)) Might worth a few rounds of rum, that extra 3 pips. :)
Sir Ignore
United States
Posts: 3068
13 years ago
Jun 15, 2011 21:46
sure thing Letisha..been clubbin..
Gunjack
London, UK
Posts: 1184
13 years ago
Jun 15, 2011 21:33
hey 90% rough day for $ shorts...no?
Sir Ignore
United States
Posts: 3068
13 years ago
Jun 15, 2011 20:58
cat, how are those commodities? German potatoes?