Vegas file anyone got an answer

At first big thanks to Vegas for sharing his methods.
Concerning the 4hr method, in the 4hVegasMetaTrader4hChart plug-in, when the 8 SMA starts changing slope, you get an entry signal. My question is how long should I wait because the signal may disappear again (In manual the 8 SMA wouldn’t move), and I also calculated that if I’d wait for the candle to close, it would be a waste of a good trade (Example: the last buy signal for the GBP/USD during the release of last US Unemployment Rate).
So what shall I do? I really appreciate your help all.

I received this e-mail from Vegas answering my question posed in this forum.The guy is fast although he's so busy.
Many Thanks to you Vegas.


Sorry I missed your email. Sometimes my secretary filters out some emails because they are unusually long or confusing. Anyway, thanks for getting back to me.

There is no easy answer to this, because each trader will treat this differently. Some traders will at this point switch down to the 1 hr. and take their cue from this, or go to a 30 minute time-frame. Others look for reversal bars on the 4 hour. There are many other options as well. Which is right? Well, there is no right. It depends on your money management and risk tolerance.

Remember, no method [no matter how cleverly crafted] can give you everything; you are going to have losers and you are going to miss some moves. This is frustrating, but that is part of the deal. If it was easy, everybody could and would do this for a living. Keep this in mind always.

-vegas


Guys who read this thread please post your opinion ( I need them too). It's about sharing also. Remember, quoting "what goes around comes around"

I asked Vegas a question about the 4hr tunnel also regarding the turning of the signal but more as to keep from being stopped out during large weekly moves like the recent april. Just shot an idea at him to see what he thinks. And he replied to quickly too!

He is truly amazing for being to willing to help all of us here.

Vegas reminded me as well to not expect to have everything. He keeps your head on straight and not think your gonna be god someday.

Regarding your question though, I believe the charts can only tell you what the institutional traders/banks are trending towards and any turn in the 8 SMA is merely a signal that there's a pause in strength. Since everything becomes clear only after the fact, Vegas is right to have you first understand your risk level, then decide whether to enter the market at the first sign of the turn or until clear direction is established.

The move like the NFP this friday can't really be predicted with charts. The NFP could've easily been the other way around even if you studied all the fundamentals related to the NFP figure.

Try adding volume and MACD indicators if you like to give you more confidence.

Amen to that