fixme1too
7 posts
msg #42924
- Ignore fixme1too |
4/13/2006 12:33:39 AM
Hello TRO quick question. I noticed u said u used this filter with FOREX can u tell us which version of the Tunnel filter you used and what to look for in the filter when applying to FoREX
Thanx
FiXmE1ToO
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TheRumpledOne
6,407 posts
msg #42935
- Ignore TheRumpledOne |
4/13/2006 11:41:45 AM
NO.. I don't use a FILTER for FOREX.
I use this method on the EURUSD.
The guy who introducted me to FOREX is using the Tunnel Method on the GBPUSD.
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clam61
92 posts
msg #43068
- Ignore clam61
modified |
4/19/2006 5:20:26 PM
This is utterly confusing. Could someone please explain the first post? Maybe TRO?
I commented out what I thought as I was reading his example.
-----------------------------------------------------
GBP/USD is trading at 1.8500. The ema's are as follows: 144- 1.8494, 169- 1.8512. The market breaks 1.8494,
// ---------------------------------------------
// Ok, so the market went down from 1.8500 to 1.8494
// ---------------------------------------------
and you sell at 1.8492. Your stop and reverse is now at 1.8512. Over the following hours, market starts to go down. 40 minutes after you put position on, cable is at 1.8440.
// ---------------------------------------------
// The market is now at 1.8440. Dont know why he calls it cable. Why is 1.8440 significant?
// ---------------------------------------------
You can use for computation purposes either tunnel boundary or the median of the tunnel. Ema's are still the same, so if you use the median, 55 from 1.8503 is 1.8448.
// ---------------------------------------------
// This is where I start to get lost. He says use the median, but what does 55 and where does he get 1.8503 and 1.8448? To me the median of the tunnel means halfway between the top and bottom, i.e. (1.8494+1.8512)/2 = 1.8497
// ---------------------------------------------
You should have taken part of the position off at 1.8448.
// ---------------------------------------------
// Does this mean you sell at 1.8448? I thought you sold at 1.8492, when it first broke the tunnel?
// Ill stop here. If I dont understand this much, there is no hope for the rest of his mess.
// ---------------------------------------------
Market does nothing rest of day. Stop can be moved down to protect position or left alone at tunnel. You are now looking for price to be 89 pips away from the ema's. Since 55 was already passed, it no longer concerns us in this cycle. A couple of days later, cable is at 1.8300 and the median of ema's is 1.8410 [1.8400 - 1.8420]. You should be out of another portion of the position at 1.8321. Market bottoms here and in the next 2 hours, cable screams to 1.8535. Your remaining short position is covered at upper tunnel boundary of 1.8420, and you are now long from this point as well. Since you are long, you would now take partial profits at 1.8475 and 1.8509.
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luc1grunt
622 posts
msg #46581
- Ignore luc1grunt |
8/24/2006 9:56:38 PM
bring 'er back?
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BFreshour
139 posts
msg #46654
- Ignore BFreshour |
8/29/2006 8:56:23 AM
Clam:
Cable is the nickname for the GBP/USD, it's named for the long cable that used to go under the Atlantic ocean syncing exchanging rates between the two currencies.
1.8503 is the median between the two EMA's (1.8494, 1.8512). 55 pips below that puts it at 1.8448 which is where you take some profits, either 1/3, 1/4, or 1/5 of your position.
You sold at 1.8492 (the break of the lower EMA). And you are buying back below that, first at 1.8448.
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sat_stocks
24 posts
msg #154180
- Ignore sat_stocks |
10/5/2020 12:38:05 AM
How to use this script and what parameters to be considered for entering into position(long shot /short) ?
I see Colum golong 5,6,7 ,8 means, all "1" then go long ??(muti tunnel script) which script is good to watch ?
Thanks
sat
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roca1018
163 posts
msg #154232
- Ignore roca1018 |
10/8/2020 12:42:22 PM
Can this also be used on the daily charts as opposed to the 60m?
Thanks
Rich
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