Tunnel Vision. Independent Signals & Positioning Recommendations. | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

Live Recommendations for currencies GBP, EUR, JPY, CAD & Bitcoin 10 replies

Analytics, recommendations - S&P 500, Euro and other 11 replies

VEGAS 1Hr Tunnel Fibs & MT4 Help please... 11 replies

Vegas Tunnel & Fibonacci Numbers 4 replies

Attachments: Tunnel Vision. Independent Signals & Positioning Recommendations.
Exit Attachments

Tunnel Vision. Independent Signals & Positioning Recommendations.

  • #81
  • Feb 1, 2006 8:13pm Feb 1, 2006 8:13pm
Quoting Pipsta

On your second question/comment....wha the fuh are you talking about? I read that like 8 times and I'm not sure I know what you're talking about....but I'm not much of a calculative strategist.
Sorry Pipsta, I agree it was a little {to say the least}????????
In an effort to explain, have a look at the attached "Hand Painted Example Chart."

Assumptions:
The weekly bars have the same O,H,L & C But they took 2 different routes to get there. My question is if any of the Equation Gurus can assimilate 'the route' into functional Trading Code.
Attached Image
  • #82
  • Feb 1, 2006 9:52pm Feb 1, 2006 9:52pm
Quoting Bemac
Sorry Pipsta, I agree it was a little {to say the least}????????
In an effort to explain, have a look at the attached "Hand Painted Example Chart."

Assumptions:
The weekly bars have the same O,H,L & C But they took 2 different routes to get there. My question is if any of the Equation Gurus can assimilate 'the route' into functional Trading Code.
I kinda thought you might have meant something like that. Except I wasn't sure. I guess you would have to consider the context of that weekly candle and the weekly chart as well. It could be bullish or bearish depending on previous candles.

Even if I understand what you mean...I have to add my altered version of what you created that shows something different. The candles wouldn't have been the same. But I understand your query nonetheless.

I wouldn't know about equations. I don't take a mathematical approach, I'm not a financially educated person, I'm really not even a system or method guy, I would say I take an artist's view on things, more like music, rhythym, a beat, synchronicity of waves, interpretations of shapes, predicting the path of the tornado, try to get a drink of water by licking the ripples in puddles after they bounce off the edges, trying to divine the future by watching the way a fish flops around on the ground...yea...that's what I do....hah

anyhoo...but it would make sense the daily candles would have some bearing on the possible price change...along with the weekly candle in weekly chart context.
Attached Image
  • #83
  • Edited 11:20pm Feb 1, 2006 9:54pm | Edited 11:20pm
EDITosted to wrong thread: Delete
  • #84
  • Feb 1, 2006 10:02pm Feb 1, 2006 10:02pm
Quoting Pipsta

Even if I understand what you mean...I have to add my altered version of what you created that shows something different. The candles wouldn't have been the same. But I understand your query nonetheless.
You are absolutely 100% correct. {I think} The Weekly candle would look more like you posted than I did. {geeez.. in' tae hink how menny timez a rreedunn 'at bee forre a posded it...}
But glad to hear you get my drift.
  • #85
  • Feb 1, 2006 11:01pm Feb 1, 2006 11:01pm
Quoting Bemac
Hi Norbecker,
Great information which, if I'm correct, sounds like you prefer a DTM style of trading as opposed to the 1 hour Tunnel style.

If you don't mind my asking? How do you determine that the Price is/getting ready to leave the extremes of the Channel and head back to the median?
That is the hard part. Determining when the trend has ran it course. I like double tops and Joe Ross 1-2-3 patterns or any reversal pattern at the edge of the channel. I would really like to use price action alone....but I do use the shi channel and an oscillator for divergance and extremes (80/20). I think the closer to the edge of the channel you enter the smaller the stop needed. But that cuts both ways as the trend may not have run its course. I am still learning as I go
Forex Trading: The hardest way to make easy money.
  • #86
  • Feb 1, 2006 11:30pm Feb 1, 2006 11:30pm
Quoting Pipsta
My personal preferences aside I like to guesstimate levels of interest and resistance/support/trendlines because they offer clues to potential changes to the trend. <snip> If you have no tech analysis to guide you it would be nearly impossible but time and time again I've succeeded in using TA to find levels to open positions very close to these tops and bottoms. There is so much more I can write about it but now my brain hurts.....I need a break...lol
Pipsta that is an excellent post. Worthy of C&P. I hope your brain stops hurting so you can post a bit more.

Thank you for sharing.
Forex Trading: The hardest way to make easy money.
  • #87
  • Feb 2, 2006 6:23am Feb 2, 2006 6:23am
Hi, I believe the eur/yen and usd/yen are at the required fib levels now

can anyone tell when to initial short positions
  • #88
  • Feb 2, 2006 6:53am Feb 2, 2006 6:53am
Quoting jotty
Hi, I believe the eur/yen and usd/yen are at the required fib levels now

can anyone tell when to initial short positions
I've been watching that too! Youve gotta wait for reversal & confirmation....the rest is kinda vague at the moment..Vegas gives some hints in some posts some where

Good Luck
HJ
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
  • #89
  • Feb 2, 2006 6:58am Feb 2, 2006 6:58am
Can u post in here when you enter pls.

I am still learning how to spot reversals. I read up on candlesticks but im still not so good at it.
  • #90
  • Feb 2, 2006 8:17am Feb 2, 2006 8:17am
Hi
Quoting Claude
I can definitely see what you mean Bill. But have a look at the equity curve on the one our Swiss franc.I have yet to be able to produce such a curve on the day chart. I understand the human brain can do things that a computer-generated system can't, but I like coding putting things down and proving them. I'm still trying to code up the daily with a good equity curve will let you know what I come up with.
I haven't had time to test the 1hr tunnel. Can you tell more about how you tested it, like data source, periodicity, how far back in data did you go, which platform you are using. And if possible, do you have a spreadsheet of the trades it generated? It would be very interesting for me to see.

Thanks
Alan
  • #91
  • Feb 2, 2006 8:50am Feb 2, 2006 8:50am
this is how I am set up .low of the day asian market was 117.84 at 1 AM GMT.
Hi was at 9 or 10 GMT which is just after open of the london market at 118.64.using the fib retacement tool from the low to the high 50 % is at 118.25.
I set entry at 5 pips below 50 % at 118.20 .I place 3 seperate sell stops for 1 lot each (one for the tunnel and one lot for each fib line crossed ie , I would buy 4 lots if 3 fib lines crossed)and I remove a lot each time a fib is crossed.I raise my stop to break even after I sell the first lot and trail the stop based on the pips for first fib.
bearish reversal patterns I see in th eUSDJPY now are a three inside down at 7 8 and 9 AM GMT an evening star at 10 and 11 AM GMT .

I think were ready to go lets see!!!!!
  • #92
  • Feb 2, 2006 10:35am Feb 2, 2006 10:35am
Hi can anyone explain if it is going up for the USD/YEn on the 1 hour chart, and we use fib to calculate the retracement, shouldnt we look to be entering the market at the 50% or 61.8% retracement level and go long?

Why is it we go short at those levels.
can someone explain
  • #93
  • Feb 2, 2006 10:38am Feb 2, 2006 10:38am
if the price reaches 118.20 does it means that a trend reversal pattern formed on the daily chart so we go short?
  • #94
  • Feb 2, 2006 10:41am Feb 2, 2006 10:41am
Quoting jotty
Hi can anyone explain if it is going up for the USD/YEn on the 1 hour chart, and we use fib to calculate the retracement, shouldnt we look to be entering the market at the 50% or 61.8% retracement level and go long?

Why is it we go short at those levels.
can someone explain
Hi Jotty,

For USD/JPY, we are looking to enter based on VWB daily reversal signals. The pair has already breached the 2nd fib and ripe for reversal. We are looking for short to capture the move upto tunnel and if there is a move south of tunnel. Hope this helps.

Shan
  • #95
  • Feb 2, 2006 10:45am Feb 2, 2006 10:45am
Quoting zenophyte
this is how I am set up .low of the day asian market was 117.84 at 1 AM GMT.
Hi was at 9 or 10 GMT which is just after open of the london market at 118.64.using the fib retacement tool from the low to the high 50 % is at 118.25.
I set entry at 5 pips below 50 % at 118.20 .I place 3 seperate sell stops for 1 lot each (one for the tunnel and one lot for each fib line crossed ie , I would buy 4 lots if 3 fib lines crossed)and I remove a lot each time a fib is crossed.I raise my stop to break even after I sell the first lot and trail the stop based on the pips for first fib.
bearish reversal patterns I see in th eUSDJPY now are a three inside down at 7 8 and 9 AM GMT an evening star at 10 and 11 AM GMT .

I think were ready to go lets see!!!!!
Hi zenophyte,

Nice explanation..I was also much confused about this 50% entry on reversal. You post helps a lot to clear that..

Keep posting your entries !!
Shan
  • #96
  • Feb 2, 2006 10:47am Feb 2, 2006 10:47am
can i know which charts are you guys seeing these things from

Do you see that it reaches the fib level and go down to like the 1 hour or 4 hour chart to look for trend reversal patterns?
  • #97
  • Feb 2, 2006 10:57am Feb 2, 2006 10:57am
Quoting jotty
can i know which charts are you guys seeing these things from

Do you see that it reaches the fib level and go down to like the 1 hour or 4 hour chart to look for trend reversal patterns?
Hey Jotty check out below!
This is my take....Vegas Is posting Entry and exit helps this weekend.
HJ
Attached Image
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
  • #98
  • Feb 2, 2006 11:10am Feb 2, 2006 11:10am
Hi,

Can some one confirm my understanding of 4Hr and VWB daily systems.

4Hr :

Step 1 : Check weekly chart. Based on weekly chart, we confirm the trend. If ema's difference is increasing and 5 ema is lower to 21 then we have a down trend. We have up trend if ema diff is increasing and 5 is above 21.

Step 2. Check 4hr Chart. If weekly trend is up, then we are looking to buy the dips. So wait for 8ema to go below 55ema and when 8ema start turning up, go long with a stop loss less than recent low 4hr bars. Same thing opposite for down trend.

Filter 1. In weekly chart, if ema difference is more than 500, then the diff for the coming weeks should be more than 10. (I could not understand this "or just go lower over 2 consecutive weeks, to signal a trend change.")

Filter 2 : In 4Hr chart, if 8 and 55 emas and price are within 50 pips, then go with the breakout of the prevailing price range in the direction in which weekly chart suggests.

Exit : Exit when 8ema slopes in the opposite direction of entry. Or gradual exit at different fib levels.

VWB : Here we are looking at daily chart with vegas tunnel and fib lines. If the price breaches the concerned fib levels (say 3 fib level for fiber), then we try to find reversal signals based on candlestick patterns. We enter short on a reversal happening above tunnel and viceversa. We look to book half of the position at tunnel and balance half at the other end of the tunnel.

Is there any correlation between 4Hr and VWB daily systems or they are two independent systems?

Thanks,
Shan
  • #99
  • Feb 2, 2006 11:10am Feb 2, 2006 11:10am
Great Chart HJ,

but I think Jotty was talking abut USD/JPY.
If you have one set up simmilar to the EUR/JPY you posted, could you please post it also?

thx
  • #100
  • Feb 2, 2006 11:20am Feb 2, 2006 11:20am
Quoting Bemac
Great Chart HJ,

but I think Jotty was talking abut USD/JPY.
If you have one set up simmilar to the EUR/JPY you posted, could you please post it also?

thx
oops...sorry Jotty---thats why they call me bonehead!

If noone else can post a chart I'll do it. Gotta go back to work now!

I just glanced at the E/J pair

looks like close to button pusshin time!

To me that is......

HJ
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
0 traders viewing now