Yardie,
Using the 5 & 12 EMA cross with RSI on the 30 min looks interesting. It seems we can use the 18 & 28 tunnel to judge whether to stay in the trade or not... So if we are long we stay in as long as we are riding above the tunnel. We would then exit when we cross through the tunnel.
Looking at the latest EUR/USD move, the 5/12 cross on the 30 min would get us in around 1.2685, where as the 1 hr 18/28 tunnel would have gotten us in at 1.2625... a 60 pip difference. That is huge!
Maybe we can incorporate a 3 screen/timeframe method for entry and exits.... Look how adding a 60 SMA and zooming in on the 5 min can help. The 60 SMA works as support or resistance depending on which side price is on.
I've never traded with SARS before.... How does it work/help with this system?
Thanks,
Bagovino
Using the 5 & 12 EMA cross with RSI on the 30 min looks interesting. It seems we can use the 18 & 28 tunnel to judge whether to stay in the trade or not... So if we are long we stay in as long as we are riding above the tunnel. We would then exit when we cross through the tunnel.
Looking at the latest EUR/USD move, the 5/12 cross on the 30 min would get us in around 1.2685, where as the 1 hr 18/28 tunnel would have gotten us in at 1.2625... a 60 pip difference. That is huge!
Maybe we can incorporate a 3 screen/timeframe method for entry and exits.... Look how adding a 60 SMA and zooming in on the 5 min can help. The 60 SMA works as support or resistance depending on which side price is on.
I've never traded with SARS before.... How does it work/help with this system?
Thanks,
Bagovino
"Skills pay the bill's!"