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Lost in the Tunnel...

  • #101
  • Nov 24, 2005 3:40pm Nov 24, 2005 3:40pm
Right chaps, time to get serious! :

I've added a few more toys to play with:

 

  1. a template for all the indicators so you can quickly zap a 4h chart into a tunnel (tunnel.tpl). Put the template in the main templates folder (strange that!).
  2. two more new indicators for the 4h chart - one that picks up the close for the 8sma from 8 bars back and the other marks the exclusion zone above and below the ma's for price when both are within the zone

In the usual Iso way, nothing is fully tested so report all bugs back please!

Attached File(s)
File Type: zip indicators.zip   13 KB | 893 downloads
  • #102
  • Nov 24, 2005 3:50pm Nov 24, 2005 3:50pm
Cable shows the zones as well as the close line, euro doesn't show zones.

The zones for both are 50 - check the MAs on the right and check the close on the gray line is from 8 bars back (counting from 0 for the current one).

The indicators below show weekly macd (gray), weekly macd diff (yellow) and 4h macd (red). If you don't want 'em then remove and resave template.

All parameters are up for tweaking have fun!

http://img518.imageshack.us/img518/4...pusd6de.th.gif

http://img518.imageshack.us/img518/3...rusd5mt.th.gif
  • #103
  • Nov 24, 2005 4:01pm Nov 24, 2005 4:01pm
Another way perhaps of doing this is to use a 4h macd, set the fast one to 8sma on close as usual and just set the other to all 0 so you in effect get a plot of just the 8sma zoomed in.

No need to draw anything...might be easier to see as well. See white lines on chart below:

http://img518.imageshack.us/img518/6...pusd8uh.th.gif

Quoting diallist
Here's a handy slope magnifier....
  • #104
  • Nov 24, 2005 4:05pm Nov 24, 2005 4:05pm
Haven't fully tested it yet but if you just plonk on the template on any chart, tweak parameters as appropriate then most of the legwork should be taken out for you.

One more question on all these parameters - has anybody actually tweaked MA values, zone values etc beyond the recommendations of the original doc?

For example the ATR of cable is around 150, euro slightly less. Loony is around 125, Aussie 75, europound less etc. Won't some of the params like the exclusion filter (50) need readjusting for instance? And then you have to do some backtesting of course.

Just a thought chaps.
  • #105
  • Nov 25, 2005 4:01am Nov 25, 2005 4:01am
Many of the dollar charts show the fast ma recrossing or touching the slow one in the weekly direction, although many are also within the exclusion zone.

Bringing other TA to the fore, I thought I'd have a stab with the new screening toys and paper trade these setups. If you actually followed these live then of course you must DYOR and assume any risks.

Look below:

http://img506.imageshack.us/img506/6...rusd5mu.th.gif

http://img506.imageshack.us/img506/6...pusd9vl.th.gif

http://img506.imageshack.us/img506/9...dchf5jv.th.gif
  • #106
  • Nov 25, 2005 6:05am Nov 25, 2005 6:05am
Is this good chance to enter short? When price comes out from 50 pips filter range.
Attached Image
kiss the trend
  • #107
  • Nov 25, 2005 6:07am Nov 25, 2005 6:07am
on Weekly momentum gap widens
Attached Image
kiss the trend
  • #108
  • Nov 25, 2005 7:05am Nov 25, 2005 7:05am
.....simply go to tech's for open!


Quoting Isotonic
Many of the dollar charts show the fast ma recrossing or touching the slow one in the weekly direction, although many are also within the exclusion zone.

Bringing other TA to the fore, I thought I'd have a stab with the new screening toys and paper trade these setups. If you actually followed these live then of course you must DYOR and assume any risks.
Iso thanx for your work on this stuff. I'm assuming your red lines are 50 pip rule exclusion bands?

I really like your MACDs I take them as "state of weekly momentum" of sorts.
I elected not to apply your "red" one as it is a close emulation of the 55/8 cross and I need the space to write crap.

You may notice that tunmacd &tunmacd_dif share the same window on my chart. How might I "narrow" the "dif" line so that it doesn't oclude the macd activity behind it? See chart below.

In a way, I would have liked a "slam dunk" entry based on the flip of the little yellow thingy. But..... I'm learning a lot about this system in the process.

I believe it can be very profitable....This is a great system to exersise my patience.

HJ
Attached Image
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
  • #109
  • Nov 25, 2005 2:38pm Nov 25, 2005 2:38pm
Your welcome HJ!

Yes the red lines are the 50 exclusion bands.

The MACD shows the current week on the right so you get an up-to-date bar as the last bar. I was thinking of adding an option so that you could toggle between current bar and last weeks bar. Anybody want it?

I dumped the 4h MACD like you said it wasn't really adding that much.

Hey if the stuff you write is crap on the charts then I've been abusing my charts for a long time now!

I tried the two indicators in one windows idea to save screen estate but the scaling becomes a problem. The windows expands to the scale of the bigger drawing I think. You could rescale the diff or grad window accordingly but it can be a bit messy.

A better option might be just to hide an indicator when not required - just drag the separator window handle when not in use - saves you messing around with the code (although thats usually the way I do things!)

I like the mechanical filtering of the system, especially on the 4hr. Once I've practised a bit more and adapted it then I should be able to use it more effectively.

BTW I've reworked some of the code, and the template. So pick up the new goodies below.

Quoting HeavyJ
.....simply go to tech's for open!

Iso thanx for your work on this stuff. I'm assuming your red lines are 50 pip rule exclusion bands?

I really like your MACDs I take them as "state of weekly momentum" of sorts.
I elected not to apply your "red" one as it is a close emulation of the 55/8 cross and I need the space to write crap.

You may notice that tunmacd &tunmacd_dif share the same window on my chart. How might I "narrow" the "dif" line so that it doesn't oclude the macd activity behind it? See chart below.

In a way, I would have liked a "slam dunk" entry based on the flip of the little yellow thingy. But..... I'm learning a lot about this system in the process.

I believe it can be very profitable....This is a great system to exersise my patience.

HJ
Attached File(s)
File Type: zip indicators.zip   13 KB | 866 downloads
  • #110
  • Nov 25, 2005 2:53pm Nov 25, 2005 2:53pm
time for self reflection and to learn from ones mistakes...

http://img33.imageshack.us/img33/6281/gbpusd8id.th.gif
  • #111
  • Nov 25, 2005 2:56pm Nov 25, 2005 2:56pm
hey 777 why don't you add the toys to your chart..? let the indicators do the work instead!!!

Quoting fx-trader777
on Weekly momentum gap widens
  • #112
  • Nov 26, 2005 11:03am Nov 26, 2005 11:03am
Quoting fx-trader777
Is this good chance to enter short? When price comes out from 50 pips filter range.
Hey 777,

I was looking at this too! I did not take the trade shown on your chart but the current price on your chart was at a support level of the previous rally after a retracement of a break of that support.

If we would have considered that as tech support. and entered with a large enough risk/stop. we would definately be in the money about 45 pips right now and dancing on the skirt of the "50 pip rule"

See crummy chart below!

HJ
Attached Image
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
  • #113
  • Nov 26, 2005 1:35pm Nov 26, 2005 1:35pm
Quoting HeavyJ
Hey 777,

I was looking at this too! I did not take the trade shown on your chart but the current price on your chart was at a support level of the previous rally after a retracement of a break of that support.

If we would have considered that as tech support. and entered with a large enough risk/stop. we would definately be in the money about 45 pips right now and dancing on the skirt of the "50 pip rule"

See crummy chart below!

HJ
I just payed attention that the 50 pips rule prices all ended by "7" that was my trade damn! I missed it.
kiss the trend
  • #114
  • Nov 27, 2005 8:13am Nov 27, 2005 8:13am
Quoting fx-trader777
I just payed attention that the 50 pips rule prices all ended by "7" that was my trade damn! I missed it.
Damn! Your right! I forgot about the little known tri-7 rule....

HJ
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
  • #115
  • Nov 27, 2005 8:45am Nov 27, 2005 8:45am
Here is my attempt at a Daily Chart Version of the 4hr tunnel

I tweaked the template for this as follows:

55sma/6(4hr periods)= 9.166----Rounded to 9sma (slightly Faster)

8sma/6(4hr periods)= 1.333----Rounded to 2sma (considerably Slower)

if you compare the second daily chart with Iso's 4Hr stuff you may see a close aproximation of the sma status impose on the Daily chart while scrubbing for Daily PA.

Any thoughts? How can I get a more accurate sma cross on this chart.

Ouch...I'm trying to think again.....That Hurts!

HJ
Attached Images
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
  • #116
  • Nov 27, 2005 11:55am Nov 27, 2005 11:55am
If you pick up the indicators from post #113 the sma line & exclusion lines should flip between timeframes. That was one of my changes for later on - hard code for 4h!

Nice attempt at daily but then why not rework the fast & slow ma's for this timeframe as well? ie 8 & 55 or work them down and play around a bit..?

That was my next step with this system...what other parameters might also work on different timeframes and how far away from the original set can you go..? After all the general premise for the weekly is to screen for medium term momentum and I've forgotten now how they were picked for the 4h.

Also the profit targets using fibs, ma's - how can they be tweaked?

Well thats me folks...more questions than answers! :

Quoting HeavyJ
Here is my attempt at a Daily Chart Version of the 4hr tunnel

I tweaked the template for this as follows:

55sma/6(4hr periods)= 9.166----Rounded to 9sma (slightly Faster)

8sma/6(4hr periods)= 1.333----Rounded to 2sma (considerably Slower)

if you compare the second daily chart with Iso's 4Hr stuff you may see a close aproximation of the sma status impose on the Daily chart while scrubbing for Daily PA.

Any thoughts? How can I get a more accurate sma cross on this chart.

Ouch...I'm trying to think again.....That Hurts!

HJ
  • #117
  • Nov 27, 2005 10:52pm Nov 27, 2005 10:52pm
Hey guys;

This thread is quite timely because I just came across Vegas' Tunnel method last week. I've spent this weekend reading his docs and I'm really interested in implementing his 4hr tunnel.

I'd like to thank everyone here for discussing the 4hr tunnel and not getting off topic (like they have done in another forum already discussed in this thread).

This week I plan on using the 4hr method on a demo basis. I'll be watching this thread for any more "golden nuggets" of information.

BTW. Earlier in this thread there was a lot of mention of a PF. Can someone please tell me what PF is?

thanks.
  • #118
  • Nov 28, 2005 3:26am Nov 28, 2005 3:26am
Quoting volan
Hey guys;

This thread is quite timely because I just came across Vegas' Tunnel method last week. I've spent this weekend reading his docs and I'm really interested in implementing his 4hr tunnel.

I'd like to thank everyone here for discussing the 4hr tunnel and not getting off topic (like they have done in another forum already discussed in this thread).

This week I plan on using the 4hr method on a demo basis. I'll be watching this thread for any more "golden nuggets" of information.

BTW. Earlier in this thread there was a lot of mention of a PF. Can someone please tell me what PF is?

thanks.
Hi volan, and welcome to Forex Factory, THE best Forex forum on the web!

PF stands for Private Forum. It is a paid subscription service that is scheduled to begin on Jan 1st. It is headed up by James16, an amazingly successful trader with 20 years of trading experience. The PF came about because of James16 generous contributions on the thread on this forum called James16 Chart Thread. The readers of that thread were (and are) so excited about the profitable trading info that James16 shared there that they asked for more indepth training. In response, James16 has put together a team of traders who will be teaching in the PF when it opens. The subscription is $99 per month, cancellable at any time. The information available in the PF would cost you thousands elsewhere. And much of the information that will be available is simply not available anywhere else. In addition to reading posts by James16, you may also wish to read posts by the other PF instructors, Fijitrader, ElectricSavant and Diallist (that's me ). You'll be interested to know that my part of the PF will focus on a version of the 4hour tunnel method developed from the model by a group of traders known as Team Aphid, which I've bent to my liking and have been trading live with great success.

Hope this answered your question, and again, welcome to the Factory!

Dial
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  • #119
  • Nov 28, 2005 3:49am Nov 28, 2005 3:49am
hi dial,

Good to see you back, the forum is quieter without you
  • #120
  • Nov 28, 2005 4:30am Nov 28, 2005 4:30am
from heavy's earlier position...this time i'm just gonna stick to the charts without any specific trades.

i will try and follow this throughout the day at the 4h intervals: 0800, 1200 and 1600 whenever i can. i think i can modify it to suit my taste as well.

ok next chart...be advised i'm just a noob on this system so i'm gonna just trade it using small amounts and adapt it over time.

http://img400.imageshack.us/img400/3...chf21gh.th.png
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