Hello everyone....(newbie alert)....lol.
I have just found the thread and respect what Vegas has try to do here, a Pro trader trying to help us small traders out has to be respected.
Now to be honest here, I have done nothing more than glance at this thread and at the Vegas doc as it's quite late at night here in the U.K and will keep the serious reading for another time.
I have just set-up the EMA's on my 1 hour chart and to me it doesn't look like this system is creating a tunnel.
Vegas said that the 169 & 144 EMA's will create a tunnel and when price goes above you buy and when price goes below you sell.
Looking at my chart there isn't too much of a tunnel effect going on, and price doesn't seem to sit anywhere close to the EMA's. Price does clip the EMA's here and there but I was expecting a tunnel effect.
As said above I am a newbie so I may not even have things set-up on my chart correctly.
The EMA's are they applied to close or open etc ??
Am I maybe miles off here expecting a tunnel with the EMA's ??
I will read the thread and the docs thoroughly when I get a chance but can someone maybe put up a shot of one of their charts so I could compare to mine ?
The blue line is the 169 EMA.
The red line is the 144 EMA.
The yellow line is the 12 EMA.
Many Thanks and Good Trading
Harmudge
I have just found the thread and respect what Vegas has try to do here, a Pro trader trying to help us small traders out has to be respected.
Now to be honest here, I have done nothing more than glance at this thread and at the Vegas doc as it's quite late at night here in the U.K and will keep the serious reading for another time.
I have just set-up the EMA's on my 1 hour chart and to me it doesn't look like this system is creating a tunnel.
Vegas said that the 169 & 144 EMA's will create a tunnel and when price goes above you buy and when price goes below you sell.
Looking at my chart there isn't too much of a tunnel effect going on, and price doesn't seem to sit anywhere close to the EMA's. Price does clip the EMA's here and there but I was expecting a tunnel effect.
As said above I am a newbie so I may not even have things set-up on my chart correctly.
The EMA's are they applied to close or open etc ??
Am I maybe miles off here expecting a tunnel with the EMA's ??
I will read the thread and the docs thoroughly when I get a chance but can someone maybe put up a shot of one of their charts so I could compare to mine ?
The blue line is the 169 EMA.
The red line is the 144 EMA.
The yellow line is the 12 EMA.
Many Thanks and Good Trading
Harmudge