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simplegreen

05/29/10 2:33 PM

#62028 RE: Qui-Gon Kagi #62026

Yep Qui..the EMA(62) is a real workhorse...if its pretty close to the tunnel then the tunnel is in play but if theres a fair gap between the tunnel and the 62 then a pair tends to get boxed in that area if tunnel is pretty well sideways tracking.I love it when a pair has..for example..the 62 is 30 or 40 pips below tunnel and price action crosses above 62..I dont take a long yet...I wait for it to rise and on first red candle I place an order just above 62...IOW I dont chase it ..I wait for it to fall back to my order.If this plays out as I expect then my order fills long and I immediately place a sell for double my position at the tunnel!What that does is close my long and open a short on same trade!Also..if all goes according to the planned trade I close the short on first hesitation...might be 8 or 10 pips or might be all the way back to 62..that parts iffy but profit is profit.I have had a lot of trades play out in that manner.wish they ALL went that easy....I love being able to successfully think ahead of the market and take advantage of their little game(LOL)