Forex trading strategy #9 (Teodosi's Moving Averages tunnel)
Submitted by User on September 20, 2007 - 08:21.
This Forex system was submitted by Teodosi.
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"Hello guys i want to help all of you and i want to share you some good system.
Like many traders say good system is simple one an that`s why i`ll tell you one very simple.
This is......
- 1H (of 30MIN, but you will get more whipsaws) candlesticks/bar charts
- 18 EMA & 28 EMA (put them in red)
- 5 WMA (in blue) & 12 WMA (in yellow)
- RSI = 21
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"Long" or "Going Long" means Buying.
"Short" or "Going Short" means Selling.
Thomas
hi Edward'
i am from asad and i appreciate u and all of others who are sharing their ideas and strategies ,thats a lot of big work and it requires a big heart too ,thanks for all of that u have done and doing
asad
A bit late but....
A simple enough system certainly - and profitable - but takes ages waiting for a trade on the 1h tf even following multiple pairs. Teodosi says that whipsaws are a problem on the 15m tf.
However any whipsaw on the 15m would also occur and take you out on the 1h or, indeed, on any time frame. The 1h tf would encompass all the tfs below it surely?
In other words any whipsaw on a lower tf would be reflected on all the tfs above it. Or am I missing something?
Maurice
It is similar to old Sidus method published in forex factory .Teodosi made little modification , changed 8 WMA to 12 and added RSI as filter.However the Idea of Tunnel ( 18 EMA and 28 EMA ) belongs to Sidus . Its not Teodosi's Moving average tunnel, its Sidus Moving average tunnel .
John
Of course , its a copy of Sidus method written by Nicholas moerman which was published in forex factory .The Basic idea of Tunnel that helped Nicholas moerman(sidus) to develop sidus method was adopted from Vegas Tunnel method in which EMA 144 and 169 used to create Tunnel ( This strategy was used for 1 hour TF ).Later he introduced a variation of Tunnel method in which RVI (100) was used for filtration .
JK
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