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Pull back/Tunnel 1H

  • Post #1
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  • First Post: Aug 5, 2006 9:13pm Aug 5, 2006 9:13pm
  •  Quanti
  • | Joined Jul 2006 | Status: Member | 10 Posts
I went through the strategy 'Tunnel 1H' which is interesting.Thx Vegas for sharing.
Prices seem to pull back on the tunnel from time to time. Would it be wise to buy as much lots as that have already been sold at profit?
I'am sure that a lot of you have already thought, backtested if this could be profitable in the long run. What do you think?
Thx
  • Post #2
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  • Aug 8, 2006 8:46am Aug 8, 2006 8:46am
  •  CityBound
  • | Joined Jun 2006 | Status: Member | 6 Posts
I'm in the same situation. I've spent the last couple of weeks with GBP/USD USD/CHF and EUR/USD all getting nearly to the tunnel or just crossing it and then finishing their correction and carrying on with the trend; especially with the last two pairs. If it hits the tunnel and rebounds do you enter a trade?
 
 
  • Post #3
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  • Aug 9, 2006 9:40pm Aug 9, 2006 9:40pm
  •  TheGreatMilenko
  • Joined Jul 2006 | Status: Member | 967 Posts
Do you take profit at fib numbers from what the median of the tunnel was when the price broke through it, or fib numbers from current ema's? It can't be current emas can it, as the price never moves away from the tunnel as far as 233 pips never mind 377. Help anyone?
 
 
  • Post #4
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  • Aug 9, 2006 9:41pm Aug 9, 2006 9:41pm
  •  TheGreatMilenko
  • Joined Jul 2006 | Status: Member | 967 Posts
On the 1 hr chart that is, which is what it's supposed to be for.
 
 
  • Post #5
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  • Aug 10, 2006 2:13am Aug 10, 2006 2:13am
  •  piccolo
  • | Joined Feb 2006 | Status: adjust your sails to the wind | 1,354 Posts
Quoting THEGREATMILENKO
Disliked
Do you take profit at fib numbers from what the median of the tunnel was when the price broke through it, or fib numbers from current ema's? It can't be current emas can it, as the price never moves away from the tunnel as far as 233 pips never mind 377. Help anyone?
Ignored
depends on pair. look at gbpusd and reread the vegas documents.
 
 
  • Post #6
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  • Aug 13, 2006 5:45pm Aug 13, 2006 5:45pm
  •  TheGreatMilenko
  • Joined Jul 2006 | Status: Member | 967 Posts
Thanks for taking the time to reply piccolo. You're right. I've just looked at gbp/usd cart and spotted a part where the high price is 400 pips away from mid tunnel.So the take profit limits are from the mid tunnel (which is dynamic or variable or whatever you want to call it)and not the mid tunnel when price first breaks it.Also, the example trade in the origional Vegas document, a gbp/usd trade ,also backs this dynamic take profit level. Thanks again for your reply piccolo.
 
 
  • Post #7
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  • Last Post: Aug 13, 2006 5:47pm Aug 13, 2006 5:47pm
  •  TheGreatMilenko
  • Joined Jul 2006 | Status: Member | 967 Posts
I meant chart not cart by the way.That would be silly, carts are things horses pull.
 
 
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