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Lost in the Tunnel...

  • #541
  • Sep 25, 2006 8:22am Sep 25, 2006 8:22am
I have a similar experience with 4hour method.
Even the slope has changed I newer knew if that's the right point to open the position.

And because of the bussy, I have moved on Daily method. As I began with that, I have made 11 positions and 4 of them was lost. I used only 0.5 lot and made 3.2k by 6 positions.
I can only recommend what Vegas said: Mos important is Discipline and than to perform trading like Humpty-Dumpty. 3 of my lost positions have been made because of not keeping his recommendations. Based on those, I can say that Daily method is profitable.
  • #542
  • Sep 26, 2006 4:05pm Sep 26, 2006 4:05pm
The custom indicator does it for you http://www.forexfactory.com/forexfor...achmentid=3793
Quoting telluv
In the 4 Hour Vegas model it says in section III. The 4 Hour Momentum Tunnel Method -- Step 2. in paragraph 11 that "2) the market moves down, there is no slope change, and goes to the 144 or 233 fib number from the 55 SMA line, where 1 unit is taken off,

Question Using (MT4) Meta trader to graph out a particular currency just how do I Set my fib numbers from the 55 SMA line.

Anyone have a script for this in the 4 Hour Method??
GOD IS NOT SHORT OF CASH
  • #543
  • Sep 26, 2006 6:13pm Sep 26, 2006 6:13pm
Thanks Swami

I did find it a few hours after my post and put it up on the charts to catch the gbp/usd on a down trend possible and it has dropped 50 pips so far.
Now what group do I join James or Vegas. Decisions decisions.
All I ask is a chance to prove that money can't make me happy.
  • #544
  • Sep 27, 2006 5:55am Sep 27, 2006 5:55am
James then I think you get vegas too. not entirely sure if this offer still stands. But it works for me.
£ short maybe limited
GOD IS NOT SHORT OF CASH
  • #545
  • Sep 27, 2006 6:13am Sep 27, 2006 6:13am
The Vegas freebies you are referring to expired as far as I know. I believe the deadline was a signup before the end of July to get the free Vegas signals subscription. (You can of course still sign up for them through his website seperately, but you'll need a funded eGold account vs. just a credit card for the PF)
I can however tell you that I believe an ongoing education in the PF will be more beneficial in the long run to a trader and towards becoming an independent trader, than just blindly following signals(no offense!) as you get them (or miss them, if you are asleep). Even though the weekly blog Vegas posts is also VERY interesting to read each time.
But it's all a personal choice. Read the threads and posts by james16 in the public section and see for yourself if you think it's worth it!
Trust price. Know yourself.
  • #546
  • Sep 28, 2006 5:45pm Sep 28, 2006 5:45pm
Hey Swami,

Thanks for putting a link to the Vegas 4 hour with fibs mt4 plug in. Just curious, the 8 SMA and 55 SMA don't seem to match the ones I have placed on my charts. My notes show using the 8 SMA on Close and the 55 SMA on (H+L)/2. Why the difference?

Did I miss an update?

Thanks for your contribution.
  • #547
  • Sep 28, 2006 6:20pm Sep 28, 2006 6:20pm
Quoting Piece Of The Pie
Hey Swami,

Thanks for putting a link to the Vegas 4 hour with fibs mt4 plug in. Just curious, the 8 SMA and 55 SMA don't seem to match the ones I have placed on my charts. My notes show using the 8 SMA on Close and the 55 SMA on (H+L)/2. Why the difference?

Did I miss an update?

Thanks for your contribution.
I was not aware of the difference so may not comment . Seems to work well though. I thought it was Ma's as you describe.

Fundamentally it's all a mystery to me!
Swami S
GOD IS NOT SHORT OF CASH
  • #548
  • Sep 29, 2006 8:52am Sep 29, 2006 8:52am
Quoting Piece Of The Pie
Hey Swami,

Thanks for putting a link to the Vegas 4 hour with fibs mt4 plug in. Just curious, the 8 SMA and 55 SMA don't seem to match the ones I have placed on my charts. My notes show using the 8 SMA on Close and the 55 SMA on (H+L)/2. Why the difference?

Did I miss an update?

Thanks for your contribution.
Try the attachment...
Attached File(s)
File Type: mq4 Vegas Currency 4Hour.mq4   6 KB | 819 downloads
  • #549
  • Sep 29, 2006 8:59am Sep 29, 2006 8:59am
Quoting Piece Of The Pie
Hey Swami,

Thanks for putting a link to the Vegas 4 hour with fibs mt4 plug in. Just curious, the 8 SMA and 55 SMA don't seem to match the ones I have placed on my charts. My notes show using the 8 SMA on Close and the 55 SMA on (H+L)/2. Why the difference?

Did I miss an update?

Thanks for your contribution.
May be this can help. There is an explanation...
Attached File(s)
File Type: doc vegas4h.doc   206 KB | 890 downloads
  • #550
  • Sep 29, 2006 6:07pm Sep 29, 2006 6:07pm
Hey Boomer and Swami,

I checked my indicators and had messed up.

I was using "Smoothed" instead of "Simple" moving averages.

I just erased them and used the plug ins anyway.
  • #551
  • Oct 5, 2006 3:24am Oct 5, 2006 3:24am
Hi,
I downloaded the mq4 file for 4 hour channel..How can I put the 5 and 21 (H+L)/2 SMA? is there the file for mq4?thanks
  • #552
  • Oct 6, 2006 3:25am Oct 6, 2006 3:25am
Check the script:

ExtMapBuffer1[i]=iMA(NULL,0,8,0,MODE_SMA,PRICE_CLOSE,i);
ExtMapBuffer2[i]=iMA(NULL,0,55,0,MODE_SMA,PRICE_MEDIAN,i);

Quoting canados
Hi,
I downloaded the mq4 file for 4 hour channel..How can I put the 5 and 21 (H+L)/2 SMA? is there the file for mq4?thanks
  • #553
  • Oct 6, 2006 3:55am Oct 6, 2006 3:55am
Quoting boomerang
Check the script:

ExtMapBuffer1[i]=iMA(NULL,0,8,0,MODE_SMA,PRICE_CLOSE,i);
ExtMapBuffer2[i]=iMA(NULL,0,55,0,MODE_SMA,PRICE_MEDIAN,i);
thank you very much but I'm really ignorant with meta language...have you a file so I can load it?
  • #554
  • Oct 20, 2006 1:01pm Oct 20, 2006 1:01pm
Guys thanks for all the great work in writing the plugins for mt4. Any chance someone might have written one for the 1 hour tunnel method and the weekly chart setup for the 4 hour tunnel method?
Thanks again, cp
  • #555
  • Oct 31, 2006 1:14am Oct 31, 2006 1:14am
Quoting diallist
Hi 777,
Yes fib does mean Fibonacci. The fib numbers are used as dynamic "take profit" levels. I will be explaining how to use them in detail in the PF.

Dial
Hi diallist,

I just heard about the vegas tunnel method. But I'm really confused. I read the 1H tunnel method and it said on the 1st step it's using 3 ema which are 169,144 and 12. But on the 2nd step, it said "memorize or write down and keep next to your trading screen the following fibonacci number sequence:1,1,2,3,5,8,13,21,34,55,89,144,233,377. For trading purposes, the numbers of interest are 55,89,144,233 and 377" I really didnt get it. What they actually meant?

Thanks for ur attention..
  • #556
  • Oct 31, 2006 1:54am Oct 31, 2006 1:54am
Can anyone help me??

I just read the tunnel method by vegas. I really didnt get how to put the fib. I know that fib means fibonacci. But I usually use fibonacci retracement provided by MT4. I assume the fib which are written in vegas file are MA's. Am I deadly wrong? And also I put in my 1H chart the FF Tunnel Chart that I got from vegas files. But once more I'm confuse with many lines. And I didnt know how to read the trend (what each line means). The method said that 12 ema works for filter. what it means? and how I can see it works?

Thank u very much..
  • #557
  • Nov 8, 2006 10:05am Nov 8, 2006 10:05am
Hi C1ro,

Im new to this trading as well but i may help u little, if u read vegas document properly this fib numbers are the level that u can take profit from long or short position u took, for example: vegas ever say for GBP/USD use fib level 1 and 3 (89, 144, 233)

what u need to do is when market break tunnel ( 144 & 169) ema :
- if its break towards above the tunnel go for Long (buy)
- if its break towards below the tunnel go for Short (sell)

once u into position calculate medium of tunnel by
(upper ema + lower ema)/2 = medium of tunnel

Vegas ever mention about divide ur trading unit into 3 and here the fibo number function:

let say u took possition with buy 10 unit, from medium of tunnel calculate 89pips towards upper or lower the tunnell according long or short possition u took. for this example u need calculate towards upper FROM medium of tunnel the tunnel and if market reach that point u need to sell 3.3 unit from ur 10unit buy and then move on to 2nd fib number which is 144, calculate from medium of tunnel 144 pips, if market reach that point sell another 3.3 unit from ur balance 6.7 unit left and same for the third fib number

and as my study, FF tunnel chart are great use for 4hour chart and not 1 hour tunnel, 4 hour chart is different with 1hour tunnel....

i advice u read vegas document few more times and u will understand more about differences from daily tunnel, 1hour tunnel and 4hour method...

sorry if my language is not perfect


thanks
  • #558
  • Nov 19, 2006 9:16pm Nov 19, 2006 9:16pm
Dear all,
I'm very interested in Vegas's 1H Tunnel Method. I've read the document for this, but I'm quite confused about the implementation, so could someone please give me more example and implementation for this 1H Tunnel Method? How many positions must we open for each trading? Does each position to be opened in one time one price or many times in different prices?

In his example in this document for GBP/USD, why in the last one sentence he said we should take partial profits at 1.8475 and 1.8509? I know 1.8475 and 1.8509 are 55 and 89 respectively from 1.8420, but when we want to determine the exit target, we must look at the upcoming price's ema and then use the fib number for computation toward the price's ema boundary or it's median, mustn't we? So why we use the ema 169 (1.8420) since this ema is for cable when it's price is at 1.8300?

I've tried to contact Mr.Vegas via e-mail as mentioned in his document, but I got failure notice from my e-mail server.

Thanks for your help and reply...


Regards,
Edy
  • #559
  • Nov 28, 2006 4:33pm Nov 28, 2006 4:33pm
Quoting sundra
Hi C1ro,

Im new to this trading as well but i may help u little, if u read vegas document properly this fib numbers are the level that u can take profit from long or short position u took, for example: vegas ever say for GBP/USD use fib level 1 and 3 (89, 144, 233)

what u need to do is when market break tunnel ( 144 & 169) ema :
- if its break towards above the tunnel go for Long (buy)
- if its break towards below the tunnel go for Short (sell)

once u into position calculate medium of tunnel by
(upper ema + lower ema)/2 = medium of tunnel

Vegas ever mention about divide ur trading unit into 3 and here the fibo number function:

let say u took possition with buy 10 unit, from medium of tunnel calculate 89pips towards upper or lower the tunnell according long or short possition u took. for this example u need calculate towards upper FROM medium of tunnel the tunnel and if market reach that point u need to sell 3.3 unit from ur 10unit buy and then move on to 2nd fib number which is 144, calculate from medium of tunnel 144 pips, if market reach that point sell another 3.3 unit from ur balance 6.7 unit left and same for the third fib number

and as my study, FF tunnel chart are great use for 4hour chart and not 1 hour tunnel, 4 hour chart is different with 1hour tunnel....

i advice u read vegas document few more times and u will understand more about differences from daily tunnel, 1hour tunnel and 4hour method...

sorry if my language is not perfect


thanks
Hi Sundra,

Thanks a lot for ur explanation. I'm using the 4h tunnel method in my chart. But I'm still confused, what's the blue line means?(the 4th line above and below 3 red lines) as I see there are 7 lines.

Thanks again..
  • #560
  • Nov 30, 2006 1:11pm Nov 30, 2006 1:11pm
Hi Sundra,

Thanks a lot for ur explanation. I'm using the 4h tunnel method in my chart. But I'm still confused, what's the blue line means?(the 4th line above and below 3 red lines) as I see there are 7 lines.

Thanks again..


Hi C1ro,

could you attach some samples, that we could help you.
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