EUR

Hi Tomb, I have just uploaded the tunnel drawing. I don't quite understand how do u use it to make ur decision? lol where do u draw your fib from and to?
http://givemethebill.files.wordpress.com/2011/06/2011-06-15-h1-emas.jpg

Hi Bill, you assume I know how to do these things. You're wrong. :) Is there a simple way to do that?

But the tunnel is simple: H1 chart, put a 144ema and a 169ema on it. Voila, you have a tunnel. The idea is, that price always returns to the tunnel. You can measure parallel lines from the tunnel at fib levels (55, 89, 144, etc.)

Hello Ignore,

I use the expo tunnel on both h1 & h4. In the past several months the expo gave far more signals and not necessarily at a higher miss rate. Why do you use the simple tunnel? I also add the fib lines starting from 34 to 377 - 6 fibs on both sides of the tunnel (from midpoint). I move sl to b/e when price touches the next fib line from entry. This is (also) a part where I'm skittish a bit: do you have a set of rules how to move the position to a free trade, or is it the art part?

On the h4 I wait for direction change on the 8sma in the underlying (weekly) direction on the right side of the tunnel (such as that on Monday).

The part where I'm unsure is where to exit these positions, I get shaken out quite easily, ending up with only minor gains compared to when a definitive reverse signal arrives. Do you usually target the tunnel and keep only a few units beyond that, or have different methods of exit?

I don't fully get your h4 candle filter. You wait for the 8sma to give a signal and then wait for the proper candle open/close and only then get into position at the close of h4 regardless of it being a down or up candle, is that right? Also, with h4 candles the time zone is important, so did you experiment with it, or just settled at yours (I assume NY)?

You also mentioned validation for adding to position. What do you use for that?

Loads of more questions, but for now I'm just excited to chat with a fellow tunnel constructor.

EUR bulls and USD bears appear immortal... so far. I assume these animals are blind and deaf.

where is Dave?