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."
- Joined May 2005 | Status: Member | 1,494 Posts
In trading, there is no bullshit. You either make money or you don't.