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September 3, 2013
(https://forextradersdaily.clickfunnels.com/optin_box/dy58db6v28sr1wn1) 3 Secrets Most Fund Managers Will
NEVER Discuss
Today, I will share with you one of the ퟚ�rst trading strategies I had massive success with early
(https://www.forextradersdaily.com/3-
in my trading career. I also want to give you the indicator I use that makes implementing this
secrets-most-fund-managers-will-
a snap.
never-discuss/)
I can’t take credit for the development of this strategy, but I spoke with the developer and got August 21, 2013
permission to share it with my users.
You can click here to download the indicator Categories

and a desktop PDF version of this entire Strategy
Learning Center
So, here it is!
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The best part of this trading strategy is it takes very little time to implement and almost Ross' Daily Analysis
zero time staring at charts, waiting and watching. At the end of this article, after I explain all
(https://www.forextradersdaily.com/author/ross-
the details, I will also include a video that will walk you through a live trade that netted
mullins/)
around $2500 of pro…t. Mark's Trapped
Some of the examples are dated, but the information is no less powerful today than it was
Trading
when I originally put this together. (https://www.forextradersdaily.com/author/mark
Barry's New Trading
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FREE DOWNLOAD
Key
Concep
ts For
Succes
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sful
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When it comes to any trading strategy, emotions are the number one killer of pro…t. Most
(https://www.forextradersdaily.com/)
traders are controlled by fear and greed, and that is exactly what this strategy will help you
Trading
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combat.
A
How many times have you exited a trade only to come back an hour later and see it has gone
y.com/broker/)
Prerequisit
e For
 another 50, 75, or even 100 pips in your direction?
 Unfortunately, you exited the trade because you were AFRAID of losing what proퟚ�t you had
Pro쌄table
Long-Term
made.

On the other hand, how many times have you found yourself in a losing trade and were more
than willing to allow it to continue to run against you?
Trading
So, what I am about to share with you was designed to have you cutting your losses short
while taking some quick proퟚ�ts early on.
This satisퟚ�es the scalper in you and positions you for bigger pro…ts in the long run with the
remainder of your trade, should the market keep going in your favor.
So let’s get Started!
When implementing this trading strategy, you can use an entry ퟚ�lter which I will provide
below.
Get Your Free
Alternatively, you can enter the market as you normally would, using trend line breaks, Copy Here
support and resistance breaks, reversal signals, or any number of diퟚ�erent entry styles.
HOME Then.
Ener Your Best Email Here
just use this to manage your trades once you have entered. It really is quite versatile.
Constructing the Tunnel EDUCATION(https://www.forextradersdaily.com/education/)

First, create a 1 hour chart on whatever currency pairs interests you. Overlay these 3

indicators:
(https://www.forextradersdaily.com/) BLOG(https://www.forextradersdaily.com/recent-news/)
om/recent-
1) a 169 period [1 hour] EMA [exponential moving average],
2) a 144 period [1 hour] EMA, and ퟚ�nally BROKER(https://www.forextradersdaily.com/broker/)
y.com/broker/)
 3) a 12 period [1hour] EMA.
 The 144 and 169 EMAs create what we call the “tunnel”. The 12 period EMA is an extremely
valuable ퟚ�lter that you will want to have there all the time. I will talk more about this in the

ퟚ�lter section.
Identifying Pro…t Targets
Memorize or write down and keep next to your trading screen the following Fibonacci
number sequence: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377. For trading purposes, the
numbers of interest are 55, 89, 144, 233, and 377.

om/recent-
y.com/broker/)


Click here to Download Our Tunnel Indicator And It
Will Put All The Levels On The Screen For You
Basic Trade Rules
Wait for the market to come into the area of the “tunnel”. When it breaks ABOVE the upper
tunnel boundary, you go long. When it breaks BELOW the lower tunnel boundary, you go
short.
Stops are placed 20 to 30 pips on the other side of the tunnel or above/below an obvious
support or resistance point.
As the market trades in your direction, you take partial proퟚ�ts at the successive ퟚ�b numbers
respectively, with the ퟚ�nal portion of your position left on until one of the following

conditions occur: 1) market hits the last ퟚ�b number [377 pips] from the EMAs, or 2) the
om/recent- market eventually comes back to the tunnel and violates the other side.
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


om/recent-
y.com/broker/)

Trade Example
GBP/USD is trading at 1.8500. The EMAs are as follows: 144- 1.8494, 169- 1.8512. The market
breaks 1.8494, and you sell at 1.8492. Your stop and reverse is now at 1.8512. Over the
following hours, the market starts to go down after retesting the tunnel. 4hrs after you put
position on, cable is at 1.8446. You can use for computation purposes either tunnel boundary
or the median of the tunnel. Ema’s are still the same, so if you use the median, 55 from
1.8503 is 1.8448. You should have taken part of the position oퟚ� at 1.8448 (55 Fib). Market
moves sideways for about 5.5 hours. You are now looking for price to be break below the 55
ퟚ�b level from the EMAs. After 6 hours, cable is at 1.8410 and the median of ema’s isHOME
1.8410(https://www.forextradersdaily.com/)
[1.8400 – 1.8420]. You should be out of another portion of your trade (89 Fib); once the
market has broken below the55 level is safe to move your stop to break even. You do not
have to but to conserve proퟚ�t it is a good idea. Many time the market will retest the tunnel
which will give you another opportunity to enter short if you get stopped out. After moving
sideways for about 2.5 hours the market continues down to the next level
(https://www.forextradersdaily.com/) BLOGwhere you will
(https://www.forextradersdaily.com/recent-news/)
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remove another lot and place your stop above the 89 level by 20 points. Once again this is
your choice in this case we were stopped out with plenty of proퟚ�t. This is a fairly typical
example.
y.com/broker/)

If you were to just stick to this basic model, your account would grow very well over time. Las
 Vegas was built with far fewer percentages in the casino’s favor.
 In case you haven’t ퟚ�gured it out, this model cuts your losses very short. By deퟚ�nition, you
can’t lose very much on a single trade from your initial entry position. On the other side, you
take some quick proퟚ�ts at the 55 level which satisퟚ�es the scalper in you, and you have
positioned yourself for bigger proퟚ�ts in the long run should the market keep going in your
favor. By deퟚ�nition, you are letting proퟚ�ts run.

The Achilles heel of this model is when the market chops around the tunnel and gets you in
and out multiple times for small losses. This is where a solid understanding of trend line
analysis along with Pivot Points and Fibonacci levels proves to be very valuable. Using these
levels for entries will provide you with a much better entry point and will limit your risk. Here
is that same example but entering at the breakout of an intermediate trend line You may
want to take proퟚ�t at the tunnel to cover the trade in case the market bounces oퟚ� of the
tunnel which is very common. Your stop is just above the trend line giving you a 15 pip stop.

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y.com/broker/)



om/recent-
y.com/broker/)


That’s it. This is the model, fairly simple in its design, and easy to remember. It has everything
a trader wants in a model, except the quick 2 pip scalps, which you can’t do anyway. It cuts
losses short, and lets proퟚ�ts run. Yet for its design simplicity, the thought behind is more
complex. So, let’s now discuss that.
But rst, make sure you Click here to download the indicator
and a desktop PDF version of this entire Strategy
THEORETICALS OR EVERYTHING HAS A REASON
Why 1 hour charts? EDUCATION(https://www.forextradersdaily.com/education/)

Smaller charting periods lead to more false positives, which translates into more losses. By
the BLOG
time you get to the ퟚ�ve-minute chart, the bank has you on a string and
(https://www.forextradersdaily.com/) (https://www.forextradersdaily.com/recent-news/)
your account is
om/recent-
going to go to them. Longer term charts, like daily and weekly produce too much slippage in
market price for the ퟚ�nal portions of the position.
In the fall of 2004, when GBP/USD went 20 candles up to 1.95, the daily EMAs were 5 to 7 bars
y.com/broker/)

behind. For me, this is too much to give back on a long position, especially when your ퟚ�rst
 proퟚ�ts came at the 55 and 89 ퟚ�b lines.
 Two hour and four hour charts are roughly analogous, but I prefer the 1 hour chart for its
simplicity, and sometimes it’s tough to see how a market trades in a 4-hour period.
Why 144 and 169 1 hour EMAs?
It’s all about momentum over the short to medium term. Lower EMAs produce momentum
signals that give trading signals that are to short-term to
trade proퟚ�tably. In other words, the dreaded whip-saw. It may go in your direction for 3
minutes and 6 pips, but then, it rolls
over and crushes you. Higher EMAs
produce momentum signals that are

too long-term and as a result you get 2
trading signals every 3 years. This isn’t

very good either because while you
are waiting, the market is going

candles in a direction without your
participation.
There is also another reason: W. D. Gann

Gann was big on squares, square roots and the inter-

relationship between price and time. I am not a Gann
om/recent- disciple, but you can’t just dismiss his work as junk. After
all, the guy made $50 million between 1910 – 1950. He

BROKER
deserves respect, even if you disagree with (https://www.forextradersdaily.com/broker/)
his methods.
y.com/broker/)
 So, 144 is the only ퟚ�b number that has a whole number
square root [12]. The closet ퟚ�b number to this square root

is 13. The square of 13 is 169. The tunnel is now created.

But, the proof is in the pudding. In a trending currency
market (which is what it does most of the time over the long run), retracements are where
you can re-establish proퟚ�table positions. Go back and look on the 1 hour chart and see where
the retracement stops and you will need to know nothing more about Gann or numerology,
astrology, or anything else. They stop very close, if not exactly on the 144 and 169 1 hour
EMA, that is, the tunnel.

The Fib Numbers
Everyone should know that all moving averages are lagging indicators. It makes no diퟚ�erence
the type, they all lag. Only after the fact can they tell you the market has turned. Even though
that is valuable information and is acted upon by taking a position, it isn’t going to help you
much in getting the best proퟚ�t potential out of your trade. If you use them exclusively to get
out, you will discover 2 things: 1) you get chopped when you had a proퟚ�table trade at one
point, and/or 2) they took you out on a retracement and now you don’t know what to do.
I can sum up everything you need to know about ퟚ�b numbers and the corresponding ퟚ�b ratio
of 1.618. Nature and the physical universe loves them.

They are everywhere from the pyramids, to mountain ranges, seashells, forests, etc. So why
om/recent- not markets?
Fib numbers are real-

time. This is not a BROKER(https://www.forextradersdaily.com/broker/)
y.com/broker/)
 lagging indicator here.
When a market hits a

ퟚ�b number from the
 current EMAs, it is
telling you that here is
a natural stopping
point, please take
some proퟚ�ts oퟚ� the

table. When a market
goes through a ퟚ�b number, like a hot knife through butter, it is giving you further information
about momentum in the move. Currency pairs that are relatively more volatile than others
will experience the higher ퟚ�b numbers more often than the less volatile pairs. Of the major
pairs, GBP/USD, and USD/CHF are the most volatile, followed by the EUR/USD and then
USD/YEN.
Therefore, I trade the GBP and CHF because they go to extremes more often than the other
pairs. These extremes [233 and 377] produce whopping proퟚ�ts on a regular basis. It is rare to
get the Euro to the 233 mark before it crosses back over the tunnel. It just happened here
HOME
recently, but if you go back weeks, months, and years, you will see that expecting this to (https://www.forextradersdaily.com/)
happen often isn’t probable. But this is not the case with GBP and CHF.
EDUCATION
The higher ퟚ�b numbers are giving you that important equation: price (https://www.forextradersdaily.com/education/)
= information. They are
screaming exhaustion. If you do the work in your currency pair, you will see that the market

action after hitting these levels almost always involves retracement or the start of a bigger
om/recent-
move in the opposite direction. Is this not valuable information?
For those of you who wish to trade less volatile pairs, you may want to include the 34 ퟚ�b level
in your proퟚ�t-taking. In this case, if you don’t, you may be giving up too much by letting this
y.com/broker/)
 level pass.

Download A PDF version of this training And The Indicator

The Filters
Filters are used to increase overall proퟚ�tability and/or reduce overall losses. If a ퟚ�lter does
not do one of these two things, then I do not use it. What good is a ퟚ�lter if it raises your
proퟚ�tability by 10% but only gets you into 1/3 as many trades? What good is a ퟚ�lter if it
reduces losses by 10% – 20%, but also reduces proퟚ�tability on every trade by half? I think you
get the point.

Here are the ퟚ�lters we use.
1.) Put the 12 EMA [1 hour] on your screen with the rest of your indicators. When everything
is at the same price [tunnel, current market price, 12 EMA] sit up and take notice. When the
market breaks away from the tunnel, there is a very high probability of a strong market move
coming. I don’t need Gann, because this gives me time, the square of time, and price all in
equilibrium. When it breaks, it goes. Using trend line and support and resistance breaks will
be your primary entry signal this is merely a conퟚ�rmation.

Need proof? Well, go back on your favorite currency pair and check it out. In the ퟚ�rst quarter
of 2005, this ퟚ�lter alone produced 20 trades, 19 which were proퟚ�table in USD/CHF. In fact, as I
write this, 1 trade is still on from about 3 candles ago on the USD/CHF.
When you go back and check it out, you will notice many times how it just misses a move by a
few hours. It is an extremely proퟚ�table ퟚ�lter. The trend line break will make
(https://www.forextradersdaily.com/) BLOGup for the lag
(https://www.forextradersdaily.com/recent-news/)
om/recent-
time in the 12 EMA and the EMA will tell you to stay in the trade and be a little more lenient
with your stop as the market continues.

Note that we deퟚ�ne “same price” as being within 5 pips or so of being equal. Sometimes it
y.com/broker/)

turns out the signal is exact, but I don’t think you have to split hairs on this. Within 5 pips is
 good enough for us.
 2.) We do not initiate new currency trading positions based on tunnel trading during the Asian
time-frame. Anything between 5 pm NY and Midnight NY is ignored for entry of new
positions. Positions that are on are monitored as normal, i.e., everything else is the same. We
will take proퟚ�ts if ퟚ�b levels are hit. If we miss a move, then we miss a move. A missed move is
just an opportunity cost. Chop-chop in Asia will eventually cost you more money than it is
worth.
3.) News days that can have a signiퟚ�cant eퟚ�ect on prices are ignored. That’s right; we skip
them for entry of new positions. Currently. there is only 1 day per month which qualiퟚ�es, and
that is US Non-Farm Payrolls [NFP] which comes at 8:30 am NY time the ퟚ�rst Friday of each
month. Positions that are on are monitored as normal.
4.) When the tunnel is very narrow (which is most of the time), do not just put your stop on
the other side of the tunnel. If you do, you will get whipsawed to death. Use the hourly charts
and the most recent hours of support and resistance to make the call. If you are a newbie to
HOME
trading, you will ퟚ�nd this to be the most troublesome ퟚ�lter. If you are not familiar with (https://www.forextradersdaily.com/)
trend
lines, triangles, pennants, and support and resistance levels, then review those sections and
come back. This is simple but necessary advice.

I don’t mean to infer that just because you know this technical stuퟚ� it’s going to be a walk in

the park. It’s not. Let’s make one thing perfectly clear. EVERY model has its vulnerable spot
om/recent- that seems to increase losses. For tunnel trading, this is one of the scenarios. Putting in the
right stop is an art, not a science. Becoming familiar with trend line analysis along with
BROKER
the Pivot Points and Fibonacci will greatly improve your ability to place proper(https://www.forextradersdaily.com/broker/)
stops.
y.com/broker/)

Download Our Free Course On Pivot Points
 and Our Pivot Indicator Here
 5.) We look for clean moves [1 bar] through the tunnel. This means you’re into proퟚ�ts almost
from the get-go. You will not always get the clean moves. The longer the market stays in the
tunnel chopping around, the higher the probability our entry decision will be made on a
break of support or resistance instead of the tunnel boundaries.
6.) We do not trade minor [contra-major] trend signals in a strong up or down market price
trend. If the GBP/USD is in a strong price up trend, we will not initiate new short positions on
a break of the lower tunnel boundary. Why? Because the probability of success in getting
past 55 from the EMA is not very good. Past history tells us that, so I’m not looking to be the
hero here and say “This time it’s diퟚ�erent.” When market comes back through the tunnel on
the upside, we will get back in on the long side.
If I have to tell you when the market is in a strong price move, then review the Trend
Direction section again.
In a range-bound market, which we deퟚ�ne as a market between 3 – 5 candles (or lower) in a
5-week time-frame, we trade both sides.

Suggested Model System
I shouldn’t have to mention money management, however, I will. You should be(https://www.forextradersdaily.com/education/)

EDUCATION using a strict
money management plan which should be decided before ever entering a trade.

Download
(https://www.forextradersdaily.com/) Our Free Course On BLOG(https://www.forextradersdaily.com/recent-news/)
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Money Management
At a minimum, you should be able to do 3 lots to implement tunnel tradingBROKER

Use the (https://www.forextradersdaily.com/broker/)
55, 89,
and 144 levels to take 1/3 oퟚ� at each level. If you can do 4 units, use 55, 89, 144, and 233. 5
y.com/broker/)

units is the preferable level, and you use 55, 89, 144, 233, and let one unit ride until crosses
 over tunnel boundary or it reaches 377.
 Of course, you can make your units any size you want. For smaller traders, a unit size may be
10,000. If you do not have the money to trade 30,000 of something, then I would advise you
to save up and come back when you do. If your account has $2,000 in it, you can easily
implement tunnel trading with 10k units and trade 3 mini lots.
One of the greatest advantages of this model is its ퟝ�exibility in its design to allow you to
choose the level of risk/reward you desire in trading. You can make this as aggressive or as
conservative as ퟚ�ts your style. I will give an example of each. These are just examples; I’m not
saying you have to do this.
Example 1 – Very Aggressive
Tunnel is pivot level for buy/sell. Above tunnel, buy breaks, sell at ퟚ�b numbers. At 233 and
377, fade the move for retracement. Below tunnel, sell rallies, buy at the ퟚ�b numbers. Use
previous ퟚ�b numbers in the move as stop loss points. This is very aggressive, and would be
appropriate for very short-term traders who have a time-frame of day-trading.
Example 2 – Very Conservative HOME(https://www.forextradersdaily.com/)
Uses the basic tunnel system for target levels only; only initiates trades upon breakouts of
trend lines and Pivot Points. Look for best possible probability trade and be willing to give up
more proퟚ�tability in return for less risk. Trade three units using ퟚ�b numbers 55, and 89 for

1/3 each. Leave the other unit on until 233 or until market price crosses over tunnel
om/recent- boundary. This allows the trader to catch short-term [1-5 day] proퟚ�t points, and also allows
him/her to ride the major trend if one develops.
Like I said, these are just two of an inퟚ�nite number of risk/reward scenariosBROKER
you can(https://www.forextradersdaily.com/broker/)
develop
y.com/broker/)
 using this model. This is not some rigid system, where you have to do this or that. It is
adaptable, with no right or wrong answers. This is why many traders from soybeans to bonds

to gold and silver, oil, etc. use it.

See This Trading Strategy In Action

om/recent-
y.com/broker/)



Dustin Pass
(https://www.forextradersdaily.com/author/dustin/)
Dustin is recognized as one of the top Forex traders and education

authorities in the world today. As the President of Forex Traders Daily
he has helped thousands of traders learn how to proퟚ�tably trade the

Forex market. Dustin's goal is to help you achieve your ퟚ�nancial goals
faster and easier than you ever imagined. You can follow him and
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A Simple Strategy You Can Use To Finally Start Making Great Money! - ForexTradersDaily

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Are you new to Forex? Start here (https://www.forextradersdaily.

com/education) for a solid foundation

Finally Start Making Great Money! / A Simple Strategy You Can…

How To Improve Your Proퟚ�tability Using

How To Use Pivots Like The Pros To

A Simple Strategy You Can Use To Finally

What do Institutional traders know that

permission to share it with my users.

You can click here to download the indicator Categories

So let’s get Started!

Constructing the Tunnel EDUCATION(https://www.forextradersdaily.com/education/)

2) a 144 period [1 hour] EMA, and ퟚ�nally BROKER(https://www.forextradersdaily.com/broker/)

Identifying Pro…t Targets

Basic Trade Rules

favor. By deퟚ�nition, you are letting proퟚ�ts run.

complex. So, let’s now discuss that.

THEORETICALS OR EVERYTHING HAS A REASON

Why 1 hour charts? EDUCATION(https://www.forextradersdaily.com/education/)

Why 144 and 169 1 hour EMAs?

over and crushes you. Higher EMAs

produce momentum signals that are

trading signals every 3 years. This isn’t

are waiting, the market is going

There is also another reason: W. D. Gann

all, the guy made $50 million between 1910 – 1950. He

EMA, that is, the tunnel.

The Fib Numbers

Fib numbers are real-

telling you that here is

some proퟚ�ts oퟚ� the

get the point.

be your primary entry signal this is merely a conퟚ�rmation.

with your stop as the market continues.

time-frame. Anything between 5 pm NY and Midnight NY is ignored for entry of new

come back. This is simple but necessary advice.

break of support or resistance instead of the tunnel boundaries.

the upside, we will get back in on the long side.

Direction section again.

In a range-bound market, which we deퟚ�ne as a market between 3 – 5 candles (or lower) in a

5-week time-frame, we trade both sides.

I shouldn’t have to mention money management, however, I will. You should be(https://www.forextradersdaily.com/education/)

At a minimum, you should be able to do 3 lots to implement tunnel tradingBROKER

Example 1 – Very Aggressive

appropriate for very short-term traders who have a time-frame of day-trading.

Example 2 – Very Conservative HOME(https://www.forextradersdaily.com/)

him/her to ride the major trend if one develops.

Dustin is recognized as one of the top Forex traders and education

he has helped thousands of traders learn how to proퟚ�tably trade the

Facebook (https://www.facebook.com/ForexTradersDaily/), and

Trapped Traders® Daily Analysis – Buying Sed rhoncus – ullamcorper mauris

Forex Update: Looking to Sell EURUSD on

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