Home > Boards > Free Zone > User's Groups > Simple's Green Room

Quad Tunnel Charting Part2

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
simplegreen Member Profile
 
Followed By 283
Posts 26,501
Boards Moderated 2
Alias Born 06/17/04
160x600 placeholder
Top Company News of the Day
The FDA's authorization expands the drug's use to fight Covid-19 to people under the age of 12.
Soybeans Futures Higher on Export Hopes - Daily Grain Highlights
FDA Expands Emergency Use for Lilly Antibody Combination for Covid-19 to Include Infants
Front Month Nymex Natural Gas Fell 24.56% This Week to Settle at $4.1320 -- Data Talk
Front Month Nymex RBOB Gasoline Fell 1.42% This Week to Settle at $1.9529 -- Data Talk
Merck in Supply Agreement With Canada for Antiviral Medicine for Covid-19
Trade Deficit, Consumer Prices on Deck -- Data Week Ahead
Sportsman's Warehouse Shares Fall 19% After Takeover Deal Terminated
EURO STOXX 50 Index Ends the Week 0.23% Lower at 4080.15 -- Data Talk
FTSE 100 Index Ends the Week 1.11% Higher at 7122.32 -- Data Talk
DAX Ends the Week 0.57% Lower at 15169.98 -- Data Talk
CAC 40 Index Ends the Week 0.38% Higher at 6765.52 -- Data Talk
STOXX Europe 50 Index Ends the Week 0.20% Higher at 3613.81 -- Data Talk
STOXX Europe 600 Index Ends the Week 0.28% Lower at 462.77 -- Data Talk
FTSE Closes Down Amid Persistent Growth Fears
Roche to Name New Member to Board of Directors, Re-Elect Chairman
Adobe Down Over 6%, On Pace for Largest Percent Decrease Since March 2020 -- Data Talk
U.S. Services Sector Growth Accelerated to New Record-High in November -- ISM
U.S. Services Sector Growth Cooled Slightly in November -- IHS Markit
FTSE Edges Higher, Wickes's Margin Outperformance Leads to Further Upgrades
U.S. Nonfarm Payrolls Up 210K in November, Unemployment Rate 4.2% -- Update
Johnson & Johnson's Janssen Says Psoriatic Arthritis Trial Meets Objective
Bostic Wants to Speed Up Fed's Asset Buying Taper; Quarles Says Fed Will Need to Raise Rates
U.S. Nonfarm Payrolls Up 210K in November, Unemployment Rate 4.2%
Bristol Myers Squibb Gets FDA Acceptance of sBLA for Reblozyl
FTSE Edges Higher, Service Sector Kept Growth Momentum in November
simplegreen   Sunday, 05/30/10 09:25:21 AM
Re: None
Post # of 140143 
Quad Tunnel Charting Part2

In this part I will discuss the EMA(400)..The 400 dose not come into play very often...I use it as expected support/resistance on excessive market moves.IOW if its fairly close to the Quad Tunnel its really not seriously in play.You will find that each individual pair has to be studied because..unlike the tunnel and EMA(62) it is respected by some pairs and somewhat ignored by others...on most pairs tho if an excessive move takes place the stopping point is usually the EMA(400).
Another thing about the 400 is finding the dominant time frame(s) in which it exhibits true support/resistance.In trading GBP/USD last friday I did quite well scalping it on 1 miute and/or 5 minute charts.I will post several charts on this pair showing some of the things I mentioned especially in finding a pairs dominant time frame where EMA(400) is concerned and in play.
GBP/USD and AUD/USD are a couple of pairs that seem to have fairly good respect for EMA(400) but the 400 is always a bit hit and miss unless a dominant time frame can be found..I always expect the 400 to stop or stop and reverse oversold/overbought intraday moves on GBP/USD but the nature of overboard momentum moves makes it less reliable than the tunnel and EMA(62)..these moves are that are caused by irrational excitement on news usually do not provide exact points of reversals or stopping points so that must be considered in using it.
There are several chart time frames I will post as examples on GBP/USD action last friday.The first is a one minute showing the gorgeous reversal of an upward move that firmly reversed at the 400. which occurred at 18:50 on my chart.


Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences