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Tunnel Vision. Independent Signals & Positioning Recommendations.

  • #101
  • Feb 2, 2006 11:22am Feb 2, 2006 11:22am
Quoting vishalshan
Hi,
Is there any correlation between 4Hr and VWB daily systems or they are two independent systems?

Thanks,
Shan
That's an excellent question Shan. & I wish I had the answer.

To me the major difference is;
4 Hr; Look for Entries Near the Tunnel And Exit at staggered distances From the Tunnel

Daily;Look for Entries at the Maximum distance From the Tunnel that you can identify a Price Reversal and Stagger Out when it Gets Back To the Tunnel.

So, I'm wrestling with the Idea that a 4Hr Exit may be a Daily Entry or Vice Versa.

Anyone else thinking that?
Hopefully the next installment from Vegas will shed illumination.
  • #102
  • Feb 2, 2006 11:54am Feb 2, 2006 11:54am
How do you get red and green bars
my MT 4 is all green.
By the way, are there any difference between red bars and green bars?
  • #103
  • Feb 2, 2006 12:05pm Feb 2, 2006 12:05pm
Sorry Jotty,
I use Visual Trading so I will leave this one to the guys using MT.
  • #104
  • Feb 2, 2006 12:10pm Feb 2, 2006 12:10pm
Quoting jotty
How do you get red and green bars
my MT 4 is all green.
By the way, are there any difference between red bars and green bars?
right click on your chart and choose properties. You can set any color you want for diff objects in your chart..
  • #105
  • Feb 2, 2006 12:11pm Feb 2, 2006 12:11pm
oh, so red and green bars are the same?
  • #106
  • Feb 2, 2006 12:19pm Feb 2, 2006 12:19pm
am i right to say that we initial short positions when the current price of the bar retraces 50%?
  • #107
  • Feb 2, 2006 3:03pm Feb 2, 2006 3:03pm
Quoting jotty
am i right to say that we initial short positions when the current price of the bar retraces 50%?
jotty,
No.
Make sure you download and read 'Vegas Wealth Builder Part II', which I will make available Sunday night. I will let the forum know when it is available.
vegas
  • #108
  • Feb 2, 2006 3:27pm Feb 2, 2006 3:27pm
Quoting Bemac
That's an excellent question Shan. & I wish I had the answer.

To me the major difference is;
4 Hr; Look for Entries Near the Tunnel And Exit at staggered distances From the Tunnel

Daily;Look for Entries at the Maximum distance From the Tunnel that you can identify a Price Reversal and Stagger Out when it Gets Back To the Tunnel.

So, I'm wrestling with the Idea that a 4Hr Exit may be a Daily Entry or Vice Versa.

Anyone else thinking that?
Hopefully the next installment from Vegas will shed illumination.
Bemac, Shan, and everyone else,

After you read 'VWB Part II', I think everything will be much clearer to you. In some respects Part II is the "graduate" text course. For some newbies it may seem daunting at first, but I have really tried to simplify the text with charts and examples. If you have been trading for at least a year, you will quickly understand and be able to implement what I present.

For you new traders, please don't assume that it is beyond your trading expertise. I am sure some newer members to the trading community will find it a little bit complex and confusing. My message to you is to remember the pot at the end of the rainbow. What it takes on your part is more than a cursory 5 minute read. Remember, every trader starts at the same place.

After I release this new file, should you have any questions [no matter how dumb you may think they are] please feel free to email me or leave your question on the forum.
vegas
  • #109
  • Feb 2, 2006 3:35pm Feb 2, 2006 3:35pm
Thanks Vegas.
Looking forward to it.
  • #110
  • Feb 2, 2006 3:59pm Feb 2, 2006 3:59pm
thanks Vegas,
I really appreciate the time and effort you put into releasing these files
  • #111
  • Feb 2, 2006 4:08pm Feb 2, 2006 4:08pm
Quoting vegas
Bemac, Shan, and everyone else...
After I release this new file, should you have any questions [no matter how dumb you may think they are] please feel free to email me or leave your question on the forum.
Vegas, thank you again for your continued generosity and gracious assistance to one and all.
Thom
  • #112
  • Feb 2, 2006 4:20pm Feb 2, 2006 4:20pm
My many thanks to.
You are the TUNNEL of light to a blind man in the wilderness
  • #113
  • Feb 2, 2006 6:11pm Feb 2, 2006 6:11pm
50% retace.Well just hit my entry reversed and I got stopped .May try again in the morning depending on the action overnight .With non farm tommorrow bad time to trade.Resistance at 118.6 on hourly looks like it held on upswing though.
This would make the 118.2 entry still valid.
  • #114
  • Feb 2, 2006 6:19pm Feb 2, 2006 6:19pm
Jotty;

price action wants to return to the tunnel ergo above the tunnel look for opportunities to short and below look for oppurtunities to long.
  • #115
  • Feb 2, 2006 6:21pm Feb 2, 2006 6:21pm
Quoting zenophyte
50% retace.Well just hit my entry reversed and I got stopped .May try again in the morning depending on the action overnight .With non farm tommorrow bad time to trade.Resistance at 118.6 on hourly looks like it held on upswing though.
This would make the 118.2 entry still valid.
yep..I too entered short touching 50% ret but closed the trade for -30 pips at the end of US session since I felt things are not going well for reversal. I had entered half of my position only.
  • #116
  • Feb 2, 2006 6:24pm Feb 2, 2006 6:24pm
Quoting vegas
Bemac, Shan, and everyone else,

After I release this new file, should you have any questions [no matter how dumb you may think they are] please feel free to email me or leave your question on the forum.
Many thanks Vegas...I'll definetly make up if no one is asking dumb questions ;-)
Shan
  • #117
  • Feb 2, 2006 6:38pm Feb 2, 2006 6:38pm
Quoting vishalshan
Many thanks Vegas...I'll definetly make up if no one is asking dumb questions ;-)
Shan
Ok Shan. You can be dumm, Iyill be dummmerrerr.
Man I have a tonne {that's metric btw} o' Q's.
I know I'm gonna have to read VWB Stage II at least 3 times to make sure the answer to my dummm question isn't there already. That's not a slight on Vegas' writing style, merely a reflection of my absorbtion skills.

2 More Sleeps !!! WooHoo.
{***Note to self*** Cookies and milk on the counter?}
  • #118
  • Feb 2, 2006 7:39pm Feb 2, 2006 7:39pm
Hi everyone,

Is the EUr/yen showing a reversal signal now
  • #119
  • Feb 2, 2006 8:18pm Feb 2, 2006 8:18pm
Do we now lower down to the 1 hour chart and get the range for the asia trading range? Then we calculate the 50% retracement from the high-low of the asia trading range and if the market breaks the 50% level, we initial short position.
Is that how I should do it?
  • #120
  • Feb 2, 2006 8:26pm Feb 2, 2006 8:26pm
Quoting jotty
Hi everyone,

Is the EUr/yen showing a reversal signal now
The last thing I want to do is dull your enthusiasm, but if you don't have a huge bill due this weekend that you can't cover unless you make a killing in FX, relax, take your time, compose yourself. Breeeeaaathhhh.

There is information coming to you {all of us} this weekend that has the potential of putting all recommendations that we could possibly contrive [the plebs that is] to shame.
There are times when you can step down from your workplace and say to yourself... "Time for a break." Enjoy it and perhaps even play a video game or two. The mind is >50% of your trading.
There will be enough times in the future to be busy. Just try to avoid getting busy on a project that involves building a bridge from Ayres Rock [Aus] to Mount Fuji.[Jpn] just because you have nothing to do at the moment.
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