I have to thank you for the great work you and your team have done.
I have a question about the EMA you use.
On the word document it says:
III. THE TUNNEL METHOD
Step 1. First, you need a charting service. Since most all electronic trading platforms have charts with technical indicators, this shouldn't be a problem. Create a 1 hour chart on whatever currency pairs interest you. Barcharts or candlesticks really make no difference. Overlay on this 3 things: 1) a 169 period [1 hour] ema [exponential moving average], 2) a 144 period [1 hour] ema, and finally 3) a 12 period [1hour] ema.
Is this still valid for the system?
I want to do some back test on this method so i wanted to be sure i am using the correct info.
My question is if the 169-144 and 12 EMA still aplay to the H1 chart.
Bemac,
I just use collective2 for specific trades as I outline in VWB Part II. You have never seen a post from me touting a specific recommendation. Occasionally, I will talk about a position I'm in and some strategy involved with it, but as a general rule I don't advise specific people to take specific positions.
Collective2 allows me the freedom to do that without being specific. It also allows the VWB method to catalog a real-time trading history. It is there for those who need it.
Just because VWB is now being tracked by collective2 doesn't...
Don't you suppost enter when price crosses the tunel??
In your chart, you entered the trade before the tunel and exited it at the tunel....can some one help me with the entry please.
If Vegas can answar this question i will apreciate it Sir.
Step 3. Wait for the market to come into the area of the "tunnel". When it breaks ABOVE the upper tunnel boundary, you go long. When it breaks BELOW the lower tunnel boundary, you go short. Step 4. Stops and reverse are placed on the other side of the tunnel.
Do i have to enter when price break thru the tunnel? Because some other traders are posting some trades they take way before the tunnel and exiting on the Tunnel. Which is the correct way to enter ?
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Joined Jul 2006
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Status: Confluence of events , S/R , Trend
|140 Posts
Anybody , Ive been studying these threads and ive got the indis loaded but the ma s dont seem to be spread out to were they look like fib levals there tight and close together .Its more like price is going above and beloow them even when i use more than one risk model . Do you have a solution for this please ? Thanks in advance Tom ps. espacially on the daily
Anybody , Ive been studying these threads and ive got the indis loaded but the ma s dont seem to be spread out to were they look like fib levals there tight and close together .Its more like price is going above and beloow them even when i use more than one risk model . Do you have a solution for this please ? Thanks in advance Tom ps. espacially on the daily
Ignored
Check out the Vegas I thread.
I had to make modifications to the indicator to make it work with the 225 build of mt4. Source code there. no guarantees on the source code modifications.
'Vegas Wealth Builder Part II'
Thank you soooooooooo much , I worked on it all day yesterday , im so happy today merry chistmas ............cheers Tom