3 12 Tunnel Breakout ~ forex market hours in pakistan
3/12 Tunnel Breakout is a simple breakout system trend following requires:
three exponential moving averages:
12ema (of price highs);
12ema (of price lows);
3ema (of price closes).
Top Tip: This system is great for the Daily timeframe to get on board
some big runs... the 4-hour timeframe works well too!
Currency pairs: EUR/USD, USD/JPY, GBP/USD,USD/CHF, AUD/JPY, EUR/JPY, GPB/JPY, AUD/USD, NZD/AUD NZD/USD, USD/CAD, EUR/CAD, GBP/CAD, GBP/AUD, GBP/NZD..
To trade this system we just wait until the 3ema has gone in between the
high and low lines of the 12ema-channel.
On the next candle that closes and causes the 3ema to rise above the
12ema-channel – BUY: |
| 3/12 Tunnel breakout |
On the next candle that closes and causes the 3ema to fall below the
12ema-channel – SELL:
 |
| 3/12 Tunnel Breakout |
Exit position is discetionary but see this examples:
4H time frame
stop loss 30 pips on GBP/USD and 25 pips on EUR/USD;
profit Target 40 pips GBP/USD 30 pips EUR/USD.
daily time frame stop loss 60 pips on GBP/USD and 50 pips on EUR /USD;
profit Target 80 pips GBP/USD 60 pips EUR/USD.
Note this trading system is created only for higher time frame. Best time frame is 8H, 12H , or daily.
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