The tunnel METHOD valuable filter

The tunnel METHOD valuable filter

Step 1.
First, you need a charting service. Since most all electronic trading platforms have charts with technical indicators, it should not be a problem.
Create a 1 hour chart of what currency pairs interest you. Barcharts or candlesticks really make no difference. Overlay of the 3 things: 1) 169 period [1 hour] Ema [exponential moving average], 2) a 144 period [1 hour] Emma, ​​and finally 3) the 12 period [duration of 1 hour] EMA.

To 144 and 169 Ema to create what I call "tunnel". 12-Emma is an extremely valuable filter that you want to have there all the time. I will talk more about this section in the filter.

Step 2.
Memorize or write down and keep to your trading screen following Fibonacci sequence number: 1,1,2,3,5,8,13,21,34,55,89,144,233,377. For trading purposes, the number of interest are 55, 89, 144, 233, and 377th

Step 3.
Wait for the market to come in the "tunnel". When breaking the upper part of the tunnel limit, will go a long time. When it breaks below the lower tunnel boundary, you go short.

Step 4.
Stops and reverse are on the other side of the tunnel.

Step 5.
As the market trades in your direction, you take partial profits of consecutive numbers, or fantasy, with the final part of your position on the left until one of the following conditions occur: 1) market hits the last fib number [377 pips] by Emma or 2) the market eventually returns to the tunnel and violates the other side.