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Lost in the Tunnel...

  • #201
  • Dec 17, 2005 9:21am Dec 17, 2005 9:21am
Great Googly Moogly! :surprised

I have been on a Bird Watching Safari (in lion country) for the last week and a half and just checked up on this thread.

You guys have definitley, kicked it up a notch. BAMM!

Thanks to all for the work here!

QUESTION TO CLAUDE: ( BTW: welcome to FF )

I had sent vegas a similar email request and had no reply. Did you use the "Hotmail" address in the 4hr Doc?


Anywho, I gotta go catch up with you guys. and thanx again to Charles for adding his experience to this discussion.. and Iso for the toys!

HJ
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
  • #202
  • Dec 17, 2005 9:49am Dec 17, 2005 9:49am
Quoting Trinity
Hi diallist

How do you construct "FIB" lines which are parallel to the 28 SMA at the pips required using Metatrader (FXStrategy) or Visual Trader?

Trinity
I don't know about FXStrategy or Visual Trader, but here's how you do it in the MetaTrader 4 Client Terminal:

Insert a moving average like you normally would but before closing the "Moving Average" dialog box, click on the "Levels" tab and enter the fib values as shown in the image below.

Dial
Attached Image
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #203
  • Dec 17, 2005 10:00am Dec 17, 2005 10:00am
Diallist are you happy with Metatrader? How much do you pay for it?

I'm with tradestation.
  • #204
  • Dec 17, 2005 10:20am Dec 17, 2005 10:20am
Quoting xspowerx
Diallist are you happy with Metatrader? How much do you pay for it?

I'm with tradestation.
Yes, very happy. It may not have all the features of Tradestation, but it serves my purposes very well, and there are tons and tons of programs for it available all over the net. The price is zero. You can download it free, including free data feed, from www.metaquotes.net

Enjoy

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #205
  • Dec 17, 2005 10:25am Dec 17, 2005 10:25am
Quoting diallist
Yes, very happy. It may not have all the features of Tradestation, but it serves my purposes very well, and there are tons and tons of programs for it available all over the net. The price is zero. You can download it free, including free data feed, from www.metaquotes.net

Enjoy

Dial
No kidding, its free? I'm gonna check that out. Thanks for the info.
  • #206
  • Dec 17, 2005 4:19pm Dec 17, 2005 4:19pm
Quoting diallist
I don't know about FXStrategy or Visual Trader, but here's how you do it in the MetaTrader 4 Client Terminal:

Insert a moving average like you normally would but before closing the "Moving Average" dialog box, click on the "Levels" tab and enter the fib values as shown in the image below.

Dial
Thanks a million. Yes I've found FXStrategy (Moneytec Metatrader 4) very good too. A pity it doesnt include Time Series Forecast, but it does have RVI.

Best wishes for the Christmas Season to all.

Trinity
  • #207
  • Dec 17, 2005 5:05pm Dec 17, 2005 5:05pm
I just wanted to put in my $0.02 on this thread regarding the daily charts.

In my mind there is a very large gap between the weekly and 4-hr charts. The shorter term momentum (4hr) can be going in one direction while the longer term (weekly) can be going another. I've been thinking of using the daily charts to indicate the direction of the medium-term momentum.

I'd use the same strategy for determining momentum on the weekly charts, except use it on the daily's then trade on the 4-hr.

I haven't tried this yet, but I'm going to try it over the next week.

Any thoughts?
  • #208
  • Dec 18, 2005 10:24am Dec 18, 2005 10:24am
Quoting volan
I just wanted to put in my $0.02 on this thread regarding the daily charts.

In my mind there is a very large gap between the weekly and 4-hr charts. The shorter term momentum (4hr) can be going in one direction while the longer term (weekly) can be going another. I've been thinking of using the daily charts to indicate the direction of the medium-term momentum.

I'd use the same strategy for determining momentum on the weekly charts, except use it on the daily's then trade on the 4-hr.

I haven't tried this yet, but I'm going to try it over the next week.

Any thoughts?
Try daily momentum and 1hour for entry signal.
currently this indicates to initiate longs in EURUSD and GBPUSD.
let's look what will happen.
kiss the trend
  • #209
  • Dec 18, 2005 11:41am Dec 18, 2005 11:41am
Quoting fx-trader777
Try daily momentum and 1hour for entry signal.
currently this indicates to initiate longs in EURUSD and GBPUSD.
let's look what will happen.
Thanks for the tip on the 1-hr charts, but I prefer to use 4-hr charts because it's difficult for me to keep checking charts at work and on the 4-hr I only need to check a couple of times a day.
  • #210
  • Dec 18, 2005 2:25pm Dec 18, 2005 2:25pm
Hmmm Im programming this in right now and realized that if I alter the weekly chart with the 24 and 28 ema's that it takes the whole concept out of calculating momentum. Do we disregard that and base it on direction of the 24 and 28 ema's on the weekly?

If I recall correctly this calculation was able to predict any medium term reversal.

Any comments to this?
  • #211
  • Dec 20, 2005 6:34am Dec 20, 2005 6:34am
Hiya HeavyJ, glad you're back!

Place isn't the same without you dude.

Quoting HeavyJ
Great Googly Moogly!

I have been on a Bird Watching Safari (in lion country) for the last week and a half and just checked up on this thread.

You guys have definitley, kicked it up a notch. BAMM!

Thanks to all for the work here!

QUESTION TO CLAUDE: ( BTW: welcome to FF )

I had sent vegas a similar email request and had no reply. Did you use the "Hotmail" address in the 4hr Doc?


Anywho, I gotta go catch up with you guys. and thanx again to Charles for adding his experience to this discussion.. and Iso for the toys!

HJ
  • #212
  • Dec 20, 2005 6:36am Dec 20, 2005 6:36am
Right then, first of all here is the euro update I posted earlier this month.

http://img455.imageshack.us/img455/209/eurusd1ha.th.gif
  • #213
  • Dec 20, 2005 6:44am Dec 20, 2005 6:44am
I've taken Dial's chart in post #193 and took it apart. Its the first trade he highlighed from end of July to middle of August (up move).

This is a first stab at at overlaying my own discretionary system on to the tunnel and see what happens. All this is work in progress and I foresee drastic changes once the private forum opens and I can see what Dial's been upto.

So here are the charts then:

weekly:
http://img455.imageshack.us/img455/7...usd17sr.th.gif

daily:
http://img455.imageshack.us/img455/93/gbpusd29da.th.gif

4h:
http://img455.imageshack.us/img455/4...usd39kk.th.gif
  • #214
  • Dec 20, 2005 11:01am Dec 20, 2005 11:01am
Dial's sept trade - see charts for comments.

Weekly:
http://img455.imageshack.us/img455/1...usd15yq.th.gif

Daily:
http://img455.imageshack.us/img455/6...usd24xp.th.gif

4hrs:

1:
http://img455.imageshack.us/img455/2...usd34xv.th.gif

2:
http://img455.imageshack.us/img455/6...sd3a9xq.th.gif


continued on next post.
  • #215
  • Dec 20, 2005 11:06am Dec 20, 2005 11:06am
4hr:

3:
http://img455.imageshack.us/img455/1...sd3b4uj.th.gif

4:
http://img455.imageshack.us/img455/3...sd3c8wf.th.gif

5:
http://img455.imageshack.us/img455/2...sd3d1ro.th.gif
  • #216
  • Dec 20, 2005 2:06pm Dec 20, 2005 2:06pm
Just for giggles, I overlaid a BWILC Median Grid over the Fibonacci lines on the EUR/USD 4 hour chart. This might be a useful discretionary addition to the vegas 4 hour method. No hard and fast rules, just an idea.

I wasn't sure whether to post this here or in the BWILC thread.

Dial
Attached Image
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #217
  • Dec 20, 2005 3:40pm Dec 20, 2005 3:40pm
Thanx Dial,

Iv'e been toying with this too! (I BOUGHT! BWILC Last week)
I wanted to overlay the grid on my tunnel profiles but he mentions that there should be a reletively centered 20-40 pip band .....I ain't seein it! Your quads look good.

I missed the last momentum/trend change. I'm in the no-trade zone---exceeded the drawdown limit for my beer and pretzel account.


Don't tell Santa!
HJ


Quoting diallist
Just for giggles, I overlaid a BWILC Median Grid over the Fibonacci lines on the EUR/USD 4 hour chart. This might be a useful discretionary addition to the vegas 4 hour method. No hard and fast rules, just an idea.

I wasn't sure whether to post this here or in the BWILC thread.

Dial
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
  • #218
  • Edited Dec 22, 2005 1:32pm Dec 21, 2005 12:46am | Edited Dec 22, 2005 1:32pm
Hey all,

I’m glad you found the Vegas e-mail enlightening. I’ll quickly respond to some of your comments regarding my post:

-“In reference to adding the daily, must it agree with the weekly along with a northern moving 8 EMA on the 4hr in order to confirm a buy?” My guess is YES; as Volan and Dial have pointed out, the gap is too big between the signals of the 4-hour and the weekly. I think they are fine tuning momentum using a daily chart.

Thanks for the welcome, Dial. Volan found me in StrategyBuilder and told me about ForexFactory.

-Regarding the Vegas e-mail address, I used [email protected]

-“Was there any more information from Vegas in the email?” There was one other thing but I did not include it in my first post because I did not want to get anyone's hopes up but Vegas offered to send me a plug-in for mt4 if I wanted it. So, I replied that I would be grateful for any files they would like to share and ...bingo, bango, bongo...I just received another e-mail from them! I have not even tried this indicator yet but I'll attach the file to this thread for you all. Here is the e-mail that came with the attachment:

Claude,
Thank you for your gracious compliments.

I am attaching the "Vegas Daily Currency" plugin for metatrader. When you use the indicator, here are the model #'s and respective fib lines they produce on the daily or weekly chart:
Model #1 - 89, 144, 233
Model #2 - 144, 233, 377
Model #3 - 233, 377, 610
Model #4 - 377, 610, 987

Use the appropriate model for any currency pair.

-vegas


Could some of you pros have a look at this and tell us how to apply it?
I am just starting to use the Vegas 4-hour with mini lots. My goal is to achieve Dial’s performance of averaging 66 pips in 43 days. -Hey, I might as well dream in HDTV!

Claude in Calgary, Alberta
Attached File(s)
File Type: mq4 VegasCurrencyDaily.mq4   6 KB | 553 downloads
  • #219
  • Edited 10:43am Dec 22, 2005 9:58am | Edited 10:43am
Quoting kwalberta


I am attaching the "Vegas Daily Currency" plugin for metatrader. When you use the indicator, here are the model #'s and respective fib lines they produce on the daily or weekly chart:
Model #1 - 89, 144, 233
Model #2 - 144, 233, 377
Model #3 - 233, 377, 610
Model #4 - 377, 610, 987

Use the appropriate model for any currency pair.

-vegas

Way to go KW!!!

I can't wait to take a look at your attachment and see what goodies you've gotten for us...Just in time for christmas.

I've actually modified Iso's MACD (Thanks again Iso). He was kind enough to make the inputs user definable. To get the daily instead of weekly MACD I changed 10080 to 1440 and I'm still using 5 and 21 MAs, but maybe I'll take a look at changing them as per Vegas' suggestion.
  • #220
  • Dec 22, 2005 10:57am Dec 22, 2005 10:57am
Gentlemen, with this new method, and correct me if I am wrong, there are no current buy or short signals... I do not see a weekly, daily, and 4hr agreeing on any currency.
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