Simple's Green Room

[simplegreen]

Well jav...just trying to help you stay outa the trouble some chart layoutscan sure get you into.On the issue of using smoothed HA its just fine but be sure to overlay with regular Heikin Ashi..I've done well with that setup and still use it on one of my templates I refer to every day.On your chart you're using EMA 200...I suggest you instead to return the Quad Tunnel to your chart and along with that an SMA200..if you look at a chart of pretty well any pair you'll find that the Quad Tunnel is still the powerhouse indicator that still beats all moving average setups hands down.You will notice that for example if a pair on H4 is rising toward the SMA200 but the Quad Tunnel is hit first that the pair will respect the QT and retrace before hitting the SMA200...if it gains support at QT then the 200 usually stops it later after correction.My bread and butter setup uses this combination and without it I feel like I'm trading blindfolded.I scalp the London session using QT and SMA200 on as short as a 5 second TF.If a pair crosses above an M5 Tunnel it usually runs a bit then comes back down to tunnel at which point it amost always bounces.Once M5 tunnel support is establish it will keep rising and falling but each fall supports at a constantly rising Quad Tunnel.This is basic price action trading using the tunnel as main tool.Eventually it will break below tunnel.....first support and a few cycles after is at top line of tunnel...once support moves to bottom of tunnel it may soon freefall below tunnel then rise to test it.A failed test might be a short opportunity as it hits tunnel from below.
I have seen and traded the scenario I'm describing countless thousands of times and am passing this on with but a small fee which I know you will eagerly send to my paypal account(LOL)