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Re: PanicButton post# 69520

Thursday, 09/16/2010 11:45:09 AM

Thursday, September 16, 2010 11:45:09 AM

Post# of 140146
PB..,once you have the Quad Tunnel installed you can use it beautifully as a multi time frame tool.What I do is this...
Go to a 5 min chart and set a red horizontal line at most current spot of EMA(196)
Next...15 min chart...green line at 196
Next...30 min...blue line at 196
Next..1 hour...purple line at 196
Next..3 or 4 hour...cyan line at 196

After you do this it doesnt matter what time frame chart you bring up you know exactly where support/resistance is.The color coding is important...IOW if I am on a 5 min chart I know the 1 hr tunnel value at all times because its the purple line...etc..etc..
I also use a 1 min tunnel line that a dashed yellow line..the tunnel is significant even on a one min chart.
I love TOS for charts but IMO the best platform to use for FOREX is Oanda.com...its great for demo trading or live...spreads are great and flexibility is superb...Oanda charts are very basic as far as indicators available but they are VERY high resolution which I really like.Very user friendly interface..IOM they are the best...but I use TOS charts along side the Oanda chart and platform.

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