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Lost in the Tunnel...

  • #361
  • Mar 20, 2006 1:43pm Mar 20, 2006 1:43pm
Wow, I posted all of that, and didnt even see the previous post explaining the weekly MA!!!!

-Christian
  • #362
  • Mar 20, 2006 2:00pm Mar 20, 2006 2:00pm
So, based on what I gathered from that post...we would currently be looking to LONG the market, any time this week, when when we get the signal...am I correct about this?

-Christian
  • #363
  • Edited 2:45pm Mar 20, 2006 2:12pm | Edited 2:45pm
Quoting HeavyJ
Hello Tom!

As to where everybody went.... I don't know. I've been traveling for the last week or so!

As you are probably aware the Fellow who penned the "tunnel" documents goes by the net handle "Vegas". If you have not read his 4Hr tunnel doc it is attached to the first post of this thread.

In that doc, as in the 1hr doc Vegas expresses that his tunnel methods are only models and are open to anyone to make what they will out of them.

There are two reasons I suspect that traffic has slowed a bit on this forum. but it is not because the 4hr Tunnel has been diminished in any way. In my opinion it is better than ever!

1.
"Dialist" who posts in this thread often has developed the 4hrtunnel "model" into a very powerful "system" he calls "The Knife" Several of the old Tunnel purists have migrated towards his section of the Private forum. (See "James 16 Group" in preffered services of this forum) Still if you decide to check out the 4hr Tunnel and have questions Dial or someone else will try to get you an answer. Vegas himself has been known to stop by!

2.
Vegas has just released a new document "Vegas Wealth Builder" I believe it is called and those of us whom have a great deal of respect for Vegas have been engaged in a discussion about the impact of that writing.

Thats all for now.


HJ
Howdy,

I just finished reading the original Vegas 4-hr tunnel doc and have set up my MT4 indicator. I think Vegas has come up with a very solid model here, but have some questions that I was hoping you guys could help me out with:

1) I understand the relevance of using the 21 EMA and 5 SMA to determine the weekly trend direction before taking any position. Nevertheless, as you can see in the chart I attached, the weekly trend for USD/CHF is DOWN but the price action is looking more bullish, the 8 SMA is no longer negative, the MACD is showing more bullish sentiment, etc. By waiting until the weekly trend is UP before I can take a position LONG, aren't we missing out on some very good pips given that the 8 SMA has to eventually cross back over the 55 SMA? I have noticed several cases in many charts where the weekly trend would have shown DOWN yet the price climbed back up to the 55 SMA rather quickly (and gained some fat pips on the way). Any comments from those who have been using this system a while?

2) Do you all see ANY currency pairs that are ready/near-ready to trade today using the 4 hour tunnel? I am looking at USD/CHF, EUR/USD, EUR/JPY, USD/CAD, GBP/USD, and AUD/USD and every single one of them has a weekly trend signal that is in conflict with a current entry based on the 8 SMA, thus making it impossible to initiate a trade until these two signals coordinate.

Perhaps what I am looking for is just some confirmation that I am interpreting this model correctly. It would seem that, by waiting until both the weekly and 4-hour price trends are in concert, you have a bit of a waiting game... Is this your experience?

Thanks,

Ian
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  • #364
  • Mar 20, 2006 11:03pm Mar 20, 2006 11:03pm
Folks,

I'm new to Forex Factory (and FX in general) and just have a really dumb question. What is the "PF" several member mention below?

Cheers,
Andy
  • #365
  • Mar 21, 2006 6:11am Mar 21, 2006 6:11am
Quoting ahrelja
Folks,

I'm new to Forex Factory (and FX in general) and just have a really dumb question. What is the "PF" several member mention below?

Cheers,
Andy
Hi Andy,

I'm a newbie as well, but I know the "PF" people refer to in this thread is one of several private forums dedicated to proprietary outgrowths of the original Vegas Wealth Builder method. You have to pay a monthly fee for access to these forums, which is good in the sense that you have a commitment from the moderator/host that they will respond to all your questions, post their trading recommendations, etc. The downside is that those of us still in the "open source" side (e.g.: 'free') may end up waiting quite a while for replies to our postings...

If you're interested in joining one of these PFs, I believe "Diallist" (you can find his posts in this thread) has one dedicated to the "Knife" method.

Happy trading,

Ian
  • #366
  • Mar 21, 2006 6:21am Mar 21, 2006 6:21am
Quoting iboersma
Hi Andy,

I'm a newbie as well, but I know the "PF" people refer to in this thread is one of several private forums dedicated to proprietary outgrowths of the original Vegas Wealth Builder method. You have to pay a monthly fee for access to these forums, which is good in the sense that you have a commitment from the moderator/host that they will respond to all your questions, post their trading recommendations, etc. The downside is that those of us still in the "open source" side (e.g.: 'free') may end up waiting quite a while for replies to our postings...

If you're interested in joining one of these PFs, I believe "Diallist" (you can find his posts in this thread) has one dedicated to the "Knife" method.

Happy trading,

Ian
Hi guys,

To avoid any misinformation.. Please visit this site to get more info.
You really don't need to join the PF if you don't want..
http://www.james16group.com/More_Information.html

But please don't say that because there's a private forum the quality of posts here are not the same.. Well maybe, that's what I'm getting from what you're saying..

You also don't have any idea what's in there so I really do think it's better for you not to say anything from what you think is in there..

The people in these forum are friendly.. Just be reminded that we also have lives of our own..

I for myself reply as much as my knowledge and time allows.. I'm sure there are others as well..

But anyway, I think I'm talking too much now..

Regards,
East
  • #367
  • Mar 21, 2006 8:05am Mar 21, 2006 8:05am
Quoting eastmaels
Hi guys,

To avoid any misinformation.. Please visit this site to get more info.
You really don't need to join the PF if you don't want..
http://www.james16group.com/More_Information.html

But please don't say that because there's a private forum the quality of posts here are not the same.. Well maybe, that's what I'm getting from what you're saying..

You also don't have any idea what's in there so I really do think it's better for you not to say anything from what you think is in there..

The people in these forum are friendly.. Just be reminded that we also have lives of our own..

I for myself reply as much as my knowledge and time allows.. I'm sure there are others as well..

But anyway, I think I'm talking too much now..

Regards,
East
East,

No offense was meant by my post.

I fully understand that everyone has lives on these forums and do not expect immediate replies to my posts. Frankly, I'm just happy forums like this exist in the first place where the spirit of mutual learning about Forex can be cultivated and nurtured.

No, I'm not part of the private forum, but I still cannot see how anything I said about it could be construed as negative, misinforming or otherwise pejorative, so I'm quizzical about your aggressive rebuttal ("You also don't have any idea what's in there so I really do think it's better for you not to say anything from what you think is in there..) to my post. I do think there is a relationship between how much this thread has slowed down and the creation of the PF, but that is just an observation, not a judgement.

Anyway, I wish you and the rest who are part of the PF the very best success. I'm sure that Diallist and the others who have set these up offer a great deal of value for the $99/month they charge. I may end up even joining in the end, but first want to absorb what I can from the open forums.

- Ian
  • #368
  • Mar 21, 2006 8:13am Mar 21, 2006 8:13am
Quoting iboersma
East,

No offense was meant by my post.

I fully understand that everyone has lives on these forums and do not expect immediate replies to my posts. Frankly, I'm just happy forums like this exist in the first place where the spirit of mutual learning about Forex can be cultivated and nurtured.

No, I'm not part of the private forum, but I still cannot see how anything I said about it could be construed as negative, misinforming or otherwise pejorative, so I'm quizzical about your aggressive rebuttal ("You also don't have any idea what's in there so I really do think it's better for you not to say anything from what you think is in there..) to my post. I do think there is a relationship between how much this thread has slowed down and the creation of the PF, but that is just an observation, not a judgement.

Anyway, I wish you and the rest who are part of the PF the very best success. I'm sure that Diallist and the others who have set these up offer a great deal of value for the $99/month they charge. I may end up even joining in the end, but first want to absorb what I can from the open forums.

- Ian
Sorry Ian.. Well, I guess it was some pent up emotions in me... Sorry for putting it on my reply to your post.. Please accept my apologies..

Regards,
East
  • #369
  • Mar 21, 2006 9:00am Mar 21, 2006 9:00am
Quoting eastmaels
Sorry Ian.. Well, I guess it was some pent up emotions in me... Sorry for putting it on my reply to your post.. Please accept my apologies..

Regards,
East
No worries, East. Hope to see you out here or perhaps even in the James16 group one of these days...

Regards,

Ian
  • #370
  • Apr 5, 2006 9:03pm Apr 5, 2006 9:03pm
Quoting eastmaels
Hi guys,

To avoid any misinformation.. Please visit this site to get more info.
You really don't need to join the PF if you don't want..
http://www.james16group.com/More_Information.html

But please don't say that because there's a private forum the quality of posts here are not the same.. Well maybe, that's what I'm getting from what you're saying..

You also don't have any idea what's in there so I really do think it's better for you not to say anything from what you think is in there..

The people in these forum are friendly.. Just be reminded that we also have lives of our own..

I for myself reply as much as my knowledge and time allows.. I'm sure there are others as well..

But anyway, I think I'm talking too much now..

Regards,
East
First, let me start by thanking Vegas and his efforts to help less experienced traders. The Vegas systems have changed the way I look at the fx market and after a year of searching I think I've finally found a strategy that fits. If I am as successful as I now think I can be (previously it was just "hope") I owe it to Vegas for pointing me in the right direction. Thank you sir.

Now then, the PF. I am not a member of the PF. When I first found FF, I might have believed what you said about the quality of postings in here. In the vast majority of instances you are correct. I really appreciate the time people take to share and build each other up. I hope to be able to contribute likewise in the future.

However, I think there are some realities with the "private forum" that we should all keep in mind when interacting with those in the PF. Unfortunately because the private forum is private, by definition they withhold information, or else it wouldn't be private. Why then would the PF "Team" (reference from the PF website) bother to hang out on this forum if their site is superior enough to require $99/mo to enter? At least one of the reasons they are here is to advertize their service (which in my mind creates an affiliation with this site). That leads to some realities for us "non-PFers." When you or I reach out and help someone we are doing it for whatever reason(s) we have. The PF Team is no different. It's up to you to judge when information that is shared is of upmost quality or pared back a bit to tease.

No animosity here - I've got no problem with guys trying to make a buck. Hey, that's what we're all trying to do right? It's just necessary to understand where people are coming from. The way I see it, you get good information here on the Vegas systems, just not the best information. You need to pay for that.

I don't think I'm offbase here. But if anybody disagrees, hey, dismiss it - these 2 cents were free.
  • #371
  • Apr 6, 2006 2:13pm Apr 6, 2006 2:13pm
Quoting iboersma
East,

No offense was meant by my post.

I fully understand that everyone has lives on these forums and do not expect immediate replies to my posts. Frankly, I'm just happy forums like this exist in the first place where the spirit of mutual learning about Forex can be cultivated and nurtured.

No, I'm not part of the private forum, but I still cannot see how anything I said about it could be construed as negative, misinforming or otherwise pejorative, so I'm quizzical about your aggressive rebuttal ("You also don't have any idea what's in there so I really do think it's better for you not to say anything from what you think is in there..) to my post. I do think there is a relationship between how much this thread has slowed down and the creation of the PF, but that is just an observation, not a judgement.

Anyway, I wish you and the rest who are part of the PF the very best success. I'm sure that Diallist and the others who have set these up offer a great deal of value for the $99/month they charge. I may end up even joining in the end, but first want to absorb what I can from the open forums.

- Ian
I happen to agree with you Ian. If a question is asked on this forum, it should be answered on this forum. Not sent to a private forum that one has to pay for. Dial, I think is the admin of this forum and therefore should not be touting a private forum. The whole idea doesn't set right with me.
pippie
  • #372
  • Apr 6, 2006 2:39pm Apr 6, 2006 2:39pm
Quoting eastmaels
Hi guys,

To avoid any misinformation.. Please visit this site to get more info.
You really don't need to join the PF if you don't want..
http://www.james16group.com/More_Information.html

But please don't say that because there's a private forum the quality of posts here are not the same.. Well maybe, that's what I'm getting from what you're saying..

You also don't have any idea what's in there so I really do think it's better for you not to say anything from what you think is in there..

The people in these forum are friendly.. Just be reminded that we also have lives of our own..

I for myself reply as much as my knowledge and time allows.. I'm sure there are others as well..

But anyway, I think I'm talking too much now..

Regards,
East
When (lately) was there anything of real substance stated on this thread ? So far I have had two very successful trades using VWB (demoed but successful.) If I can find the time I will put together the step by step process, with charts thoughts and fears, I took. Regarding the PF, If they are so successful at trading, why do they charge for information. Payment, for info or modification of the VWB is not, I don't believe, what Vegas intended. I think it is great a sucessful person , such as vegas, truely tries to help someone struggling as most of us are.
pippie
  • #373
  • Apr 6, 2006 2:48pm Apr 6, 2006 2:48pm
Quoting pippie
When (lately) was there anything of real substance stated on this thread ? So far I have had two very successful trades using VWB (demoed but successful.) If I can find the time I will put together the step by step process, with charts thoughts and fears, I took. Regarding the PF, If they are so successful at trading, why do they charge for information. Payment, for info or modification of the VWB is not, I don't believe, what Vegas intended. I think it is great a sucessful person , such as vegas, truely tries to help someone struggling as most of us are.
pippie
Aatlas Shrugged -
  • #374
  • Apr 6, 2006 2:53pm Apr 6, 2006 2:53pm
Quoting pip_hunter
Aatlas Shrugged -
Should be required reading for all High School students!

HJ
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
  • #375
  • Apr 6, 2006 3:01pm Apr 6, 2006 3:01pm
Quoting jerseydevil20
I don't think I'm offbase here. But if anybody disagrees, hey, dismiss it - these 2 cents were free.
It is a sad fact that most advice is worth what you paid for it. Not being a smart ass just being honest. I signed up for the PF before it even opened its doors due to the quality of the knowledge I knew would be shared there. Diallist does share his knowledge of a system he refferes to as Knife that is based on the 4-hour tunnel. Jim teaches about 'price action' and how to read a chart, but the absolute best part is the part you will read very little about here because there is no interest.
There is this guy that goes by the handle of FijiTrader. He teaches on the day to day stuff that is going to make you a success at this business. He is the reason I continue as a member of the PF and will probably be for the rest of the year. I wont go into his stuff cause it does not involve system entries or exits so unfortunetly it draws very little interest, which is probably why little of substance is found on these matters in this or any forum.
I have no doubt I am a better trader now in all facets than I was when I signed up.
In trading, there is no bullshit. You either make money or you don't.
  • #376
  • Apr 6, 2006 3:14pm Apr 6, 2006 3:14pm
Quoting iboersma
Howdy, I just finished reading the original Vegas 4-hr tunnel doc and have set up my MT4 indicator. I think Vegas has come up with a very solid model here, but have some questions that I was hoping you guys could help me out with:
Vegas has released 4 docs in total. The 1-hour tunnel, The 4-Hour tunnel, Vegas Wealth Builder 1 (VWB1) and Vegas Wealth Builder II (VWBII). In the VWB series )which should be read a asingle document as in fact it is) he introduced the Vegas Daily. So now there are 3 'methods'. Vegas stresses that these are methods and not 'systems'. In VWB docs the weekly is now replaced by the daily for trade direction. Vegas referes to it as 'black dots'. Basically he is saying 'look at the chart and if price is moving away from a high toward the daily tunnel then a 'short' trade is looked for on the 1 and 4 hour. and vice versa. Numerous examples are given on these 'black dots' on the VWBI doc.
Your post is dated from the 20th so u may have figured this out already
In trading, there is no bullshit. You either make money or you don't.
  • #377
  • Apr 6, 2006 3:19pm Apr 6, 2006 3:19pm
Quoting HeavyJ
Should be required reading for all High School students!

HJ
Unfortunetly, like Shakespeare, this would be wasted on the young
In trading, there is no bullshit. You either make money or you don't.
  • #378
  • Apr 6, 2006 9:32pm Apr 6, 2006 9:32pm
yea, spelling as well. I typed in the name of the mortgage company I worked for. The broker wanted to be at the top of the list so he added an extra A to it. I was thinking about that office when I typed it.

To many pages for a highschool student and 99% wouldn't get it or care. Most adults don't get it or agree with it.
For some reason people think they have an automatic entitlement. When a gift is given...take it be happy and prosper. But people shouldn't expect everything for free. To many people expect things. Wellfare, hand outs, etc. What ever happended to an honest days work = an honest day wage. They day has gone with the people who busted their ass building the greatest nation on earth. Some may disagree but when you can carry the constitution in your pocket; a document that changed the course of history of the world that is powerful.

Anyway, Now I am rambling....
  • #379
  • Apr 7, 2006 4:20pm Apr 7, 2006 4:20pm
Quoting mrgreen
It is a sad fact that most advice is worth what you paid for it. Not being a smart ass just being honest.
That just makes no sense. The Vegas system was free. The discussion on the FF is free. All my forex knowledge to date has been free. You can find almost any custom indicator you need for MT4 for free. Guys over on Forex TSD will even code things for you if you ask nicely. I completely disagree, and I don't think I'm alone (isn't that right pippie?). Paying for anything doesn't guarantee its quality; the same is true in reverse.

FYI, money management and position sizing is not an industry secret you can only get on pay sites. I agree with you, though, it is not discussed nearly enough despite the effect it can have on your account.

BTW, I've got no beef with the PF or anyone in it. I was just making an observation.
  • #380
  • Apr 7, 2006 5:10pm Apr 7, 2006 5:10pm
I've seen quite a few recent queries in this thread related to determining the change in trend using the weekly chart. This, and the following two posts are excerpted from the complete Knife tutorial. I hope you find these useful. Be warned however that the lagging nature of the weekly momentum indicator can result in severe losses during trend changes. Pay attention to price action during these times. See the James16 Chart Thread for more information on using pure price action.


Trend Change - UP to DOWN
The following image illustrates how a trend change from UP to DOWN is signalled.

I have marked three bars with pairs of colored dots placed on the moving averages. Study the image below and you will see that the strength of each bar is determined by subtracting the lower moving average (21 EMA) from the upper moving average (5 SMA).

In the image below, the momentum of the "green" and "yellow" bars increases from 143 to 144 indicating a continuation of the current UP trend.

However, the momentum of the "yellow" and "red" bars decreases from 144 to 134. This decrease signals a trend change from UP to DOWN.
Attached Image
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