I am currently researching Vegas' 4 hour method. In the quote below he explains the filter for the weekly chart. Can quite get my head around what he means though. Can someone please simplify for me:"We are implementing this new 4 hour method with only 2 filters. The first is on the weekly chart. If the difference between the 21 EMA and the 5 EMA is > 500 pips, then the pip difference from the prior week must change by more than 10 pips, or just go lower over 2 consecutive weeks, to signal a trend change."
- #2
- Aug 31, 2008 9:44am Aug 31, 2008 9:44am
- Joined May 2005 | Status: Trader | 1,494 Posts
In trading, there is no bullshit. You either make money or you don't.
- #3
- Last Post: Aug 31, 2008 9:58am Aug 31, 2008 9:58am
Let me try to help you
For example, if the difference between 21EMA and 5EMA is 550pips, and next week the difference number is 539 (change by more than 10pips), then we can say the trend changed. Or the difference number of the three week is (for example is 550, 545, 540) we can also say the trend changed.
I also had a time research this method.
Hope that help.
For example, if the difference between 21EMA and 5EMA is 550pips, and next week the difference number is 539 (change by more than 10pips), then we can say the trend changed. Or the difference number of the three week is (for example is 550, 545, 540) we can also say the trend changed.
I also had a time research this method.
Hope that help.