HeavyJ -"Posterboy for Spellchecker!"
"Will work for pips!"
- Joined May 2005 | Status: Member | 945 Posts
Capital Preservation is key to long term wealth accumulation
One hour tunnel method 2 replies
Tunnel Vision. Independent Signals & Positioning Recommendations. 189 replies
4 hour tunnel confusion 8 replies
I am confused about all the different Tunnel methods out there...Clarificatio n please 3 replies
Questions re: MT4 and VWB 1 Hr Tunnel 0 replies
Quoting diallistDislikedI'm glad you started this thread HeavyJ. And just to say thanks, here's some more fruit! :Ignored
Quoting HeavyJDislikedYes Master! Thanx to you I'm on it!
How bout that Swissie? Shaping up? Maybe?
HJIgnored
Quoting HeavyJDislikedThats odd! My Interbank chart doesn't match yours. Notice how my ema cross has yet to happen I doubled checked my indicators too!
HJIgnored
Quoting diallistDislikedMy turn to be the bonehead. I don't understand what you mean. Could you expand on this idea a bit?Ignored
Quoting HeavyJDislikedThanx Dial- Point well taken. The Vegas doc speaks of the Weekly Momentum indicator as "lagging" by one week. I have been wondering about the value of logging the dif of current weekly bar at each 4hr period
Seems to me that this would have more value at times like now when the week is running out..Ignored
Quoting Team VegasDisliked
Now, look at the difference between the two. As a market rises over time on the weekly chart, the 5 will rise faster relative to the 21. As the market goes down, the 5 will lose faster relative to the 21. The difference, in pips between the two, measures relative momentum of the market in real time. Each week, as long as the number of pips keeps rising [SMA 5 – EMA 21] from the previous week, the market continues in a bull run. Once a bull run loses pips [SMA 5 – EMA 21] from the previous week, it signals a medium-term top in the market. Conversely, once a bear run loses pips [EMA 21 – SMA 5] from the previous week, it signals a medium-term bottom in the market.
This now gives us [with only one week lag] a positive probabilistic model in determining which side [long or short] to initiate trades in a defined time period. We are identifying market momentum.Ignored
Quoting HeavyJDislikedI have been wondering about the value of logging the dif of current weekly bar at each 4hr period
Seems to me that this would have more value at times like now when the week is running out..Ignored
Quoting IsotonicDislikedOK...heres my next chart guys...please be brutal!
(I've actually followed on from you two earlier on.)
*edit - the prior patterns label refers to my analysis, not the tunnel*
http://img371.imageshack.us/img371/4618/4h0rf.th.gifIgnored
Quoting IsotonicDislikedi have two more goodies for you chaps to play with! :
the first indicator is just a rework of the original with the scaling magnified by 10^4 to make the MACD easier to read.
so for the audusd the diff between the two ma's is now 133 pips instead of the cryptic 0.0133 you normally see.
the second one calculates the difference over the last week in pips so that again we get 133.52 - 116.33 = 16.19 pips.
just hover the mouse over the last two bars on each of the indicators (i've increased the thickness to 5) so you can see the actual values themselves.
i will look at the vegas scripts at some point, particularly the expert one, and see if there is anything worth "borrowing"
http://img252.imageshack.us/img252/2341/4h9kw.th.gifIgnored
Quoting riveriaDislikedHi Dial,
Can you help me out on the understanding of trend determination?
I've read thru the vegas doc and gone thru all these posts and it seems
that you are using a different method of determining the trend.
In post #50 you mention a potential trend change on cable using
the current weeks ma's and the previous weeks ma's. In the vegas doc
they mention the trend lags by at least a week. During a current week
they use the prior weeks ma's and the week before that and don't use the
current weeks ma's until the week has fully completed.
Can you confirm the method you are using for trend determination or do you use a combination of both methods using yours towards the end of the week?
Also, can you give me an idea of what size stops we can expect to use with this method on cable?
ThanksIgnored
Quoting HeavyJDislikedDial,
Please leave the bonehead stuff to us pros, your not ready!
As to what I meant Here
Sort of dovetails with riveras last post.
This is the part of the Vegas Doc we were both reffering too
Now the second thought I eluded to:
Boy. as I read that I get confused! But you had mentioned or rather inferred, on a chart example, as Rivera pointed out, measuring Current Momentum data from the Weekly Chart before the current bar was complete.
My comment was that I had been curious about this practice and if it would be valueable
The "week running out" part has to do with the fact (?) that as the Weekly sample becomes more complete (Friday 4pm est) that bar will or should be a better sample.
In other words when the bar opens first tick. open and close will probabbly be within one tick of each other and this would polute your bar to bar deviance.
I have got to get some coffee
I hope I haven't further confused you
Have a good day!
HJIgnored
Quoting caminusDislikedDial
Doesn't the 50 pip filter apply here? Therefore entry would be 8sma-50 pips.TomIgnored
Quoting IsotonicDislikedIgnored
Quoting IsotonicDislikedIgnored
Quoting IsotonicDislikedi have two more goodies for you chaps to play with! :
the first indicator is just a rework of the original with the scaling magnified by 10^4 to make the MACD easier to read.
so for the audusd the diff between the two ma's is now 133 pips instead of the cryptic 0.0133 you normally see.
the second one calculates the difference over the last week in pips so that again we get 133.52 - 116.33 = 16.19 pips.
just hover the mouse over the last two bars on each of the indicators (i've increased the thickness to 5) so you can see the actual values themselves.
i will look at the vegas scripts at some point, particularly the expert one, and see if there is anything worth "borrowing"
http://img252.imageshack.us/img252/2341/4h9kw.th.gifIgnored
Quoting riveriaDislikedHi Dial,
Can you help me out on the understanding of trend determination?
I've read thru the vegas doc and gone thru all these posts and it seems
that you are using a different method of determining the trend.
In post #50 you mention a potential trend change on cable using
the current weeks ma's and the previous weeks ma's. In the vegas doc
they mention the trend lags by at least a week. During a current week
they use the prior weeks ma's and the week before that and don't use the
current weeks ma's until the week has fully completed.
Can you confirm the method you are using for trend determination or do you use a combination of both methods using yours towards the end of the week?
Also, can you give me an idea of what size stops we can expect to use with this method on cable?
ThanksIgnored