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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
it matters in that agin trend we cut the unit size down....more stop outs..
if u can give me the weekly trend parameters, might be able to tell who it was LOL..
then again, maybe u r in cb now??
which work well, but anticipating the long move, say from lower than tunnel and keep straight thru tunnel of course makes big profit..I have made many pips this year..so the occasional 'jumping the gun'
speculating against model, if you comprendo..
back test the 4 hr..and you shall see the long momo moves..and the ability to take you out of the model safely and reverse..
I also use rsi, and will chart sar, same inventor, btw..
3rd rum
if we see euro weekly turned south, perhaps we lose trade, after partial hedging..
but oh well, can't be right 91% of the time lol
I was going to predict 1.5000 by last trade day june based on bias and avg pip/day..
but not high prob..but possible prob..
from my colleagues..and have been using it so long that can't change, and have the confidence in the
take profit areas and stop placement on these fibos after leaving the tunnel..144, 169 SMA, 21 SMA
ADX, CCI, STOCH, ...
you answered the question of take profit areas in your answer to Bill...
if in the 1 hr tunnel after it has broken 11 pips, say north, from tunnel AND 21 has increased over prev
21 close..then signal triggered....with stop on other side of tunnel 11-21 below....making nice small stop out of less than 40 down to 20 pip stops..////on the profit side....with today's unusual market, instead of waiting for 55 pips from mid tunnel..I take profit at 31..first fibo..maybe 1/3 units depends on the strength of the move, and then place the stop if straight trading at the prev fibo..more take profit at 55..
and then the stop to prev. fibo..(in the money)...and hold..for conclusion...sometimes making it's run
233 or more...but by then I am not fully loaded, but happy....
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by constructing tunnel usd/chf 1 hr..then you can use usd/chf as hedge...watch this interaction
esp. when tunnel is in play both sides...correlation very strong, inverse..but swiss runs slower...
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along with this I also chart the channels, horizontal r/s lines..and listen to subway's chart analysis, :)
on 1 hr. short from 1.4409* where the 21 sma, the major filter, went down from 4447..
on 1 hr..the tunnel midpoint was approx 4490...making the drop in the 333 range, a big ways for euro to be from tunnel...but with 377 fibo count from MID tunnel maybe we have more to go..but indicators
favor north (but when)....
______
my position just previous to now
L E 4340
now have added 4170 2x previous size making avg..4226...
____
usd/chf just previous sh 8324..added 2 x size at 8529 making avg..8460 sh.
current euro = 4175, swiss = 8530
looking ahead we may have euro and swiss in 1 hr...tunnel and the we play the pair trade...
gl 2nd rum ordered
will answer ur questions in a bit......
how do you know what tunnel I use..and what is the difference from simple tunnel?
expo bwoys might have a new twist, eh? but model backtested previous and live..sure theirs is..
teach me some new school expo..:)
posting my trade position and model position now... a little challenge, but an exercize in money management coming up......stars willing.....
1 st rum drink ordered.....
Tom. u went to Vegas?