Im by no means a chartist like so many of you, but Ive learned some new egies from this site I have added to my trading style..so thanks. ANyhow, I figure Id post what Ive done since the market pschcology has turned negative against the....for now.
On a 30 minute chart, I created an EMA tunnel with (144, 169, 12) periods. I think I got those numbers from the technique. Every time the tunnel is hit, I initiate a trade against the $. I by no means strictly use the charts, but Ive added it into my general within all analysis of the trade before I create it. Im taking money egies a resistance or support level. Im also as I see fit changing my ceases.
When there's economic news which comes out that is a alyst to change the market pschology once more, I'll throw this method out of the window and wait for a period of consolidation again before using this system, except I would use it to buy the $.
Trades:
USD/JPY Sell 111.20 closed position at 110.50
EUR/USD Buy 1.2725 position still on
GBP/USD BUY 1.8560 closed position at 1.8775
This all could be 3 lucky deals, I dont know..but I figure Ill only pass it all on.
-Nick