Hey guyz.. i have been using the tunnel method for quite a while now.. and i have been guaging my progess.. it doesnt look too good though..
so i have a few questions and im sure any ideas that you people provide me will benefit a lot of people..
firstly.. can u people tell me which currencies follow the tunnel method really smoothly? because i have tried various crosses.. and when the short EMA crosses the tunnel.. and i enter the market.. it actually crosses back over.. and a long way too.. so even if i have a 25 pip stop.. i get stopped out.. this has happened a LOT !! so any idea which currencies this method refers to particularly??
and secondly.. when the news comes out.. the candle goes up or down 50 pips.. which stops me out what ever the situation.. so should i place trade just before the news?? tunnel method seems to give bad results here..
and also.. if im trading any currency.. for a 40 pip gain.. how mcuh should i have in the stop loss?? any idea?? because people say for GBP the stop is always larger.. so i wanted to confirm that..
thanx a lot .. and ill post more issues with this method later.. looking forward to feedback from u guys..
so i have a few questions and im sure any ideas that you people provide me will benefit a lot of people..
firstly.. can u people tell me which currencies follow the tunnel method really smoothly? because i have tried various crosses.. and when the short EMA crosses the tunnel.. and i enter the market.. it actually crosses back over.. and a long way too.. so even if i have a 25 pip stop.. i get stopped out.. this has happened a LOT !! so any idea which currencies this method refers to particularly??
and secondly.. when the news comes out.. the candle goes up or down 50 pips.. which stops me out what ever the situation.. so should i place trade just before the news?? tunnel method seems to give bad results here..
and also.. if im trading any currency.. for a 40 pip gain.. how mcuh should i have in the stop loss?? any idea?? because people say for GBP the stop is always larger.. so i wanted to confirm that..
thanx a lot .. and ill post more issues with this method later.. looking forward to feedback from u guys..
BECAUSE I CAN !