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Lost in the Tunnel...

  • #401
  • Apr 13, 2006 6:13pm Apr 13, 2006 6:13pm
just added to USDCAD long at 1.1503. Stop moved to B/E on original entry.

CURRENT POSITIONS:
long USDCAD 1.1464, 1.1503
long EURAUD 1.6682, 1.6591.
short AUDUSD 0.7332
long EURCHF 1.57
long EURGBP 0.6923
short AUDJPY from all over
  • #402
  • Apr 16, 2006 5:59pm Apr 16, 2006 5:59pm
Quoting ezcurrency
just added to USDCAD long at 1.1503. Stop moved to B/E on original entry.

CURRENT POSITIONS:
long USDCAD 1.1464, 1.1503
long EURAUD 1.6682, 1.6591.
short AUDUSD 0.7332
long EURCHF 1.57
long EURGBP 0.6923
short AUDJPY from all over
Out USDCAD 1.1464 at 1.1518 ... stop at B/E at 1.1503 position. Not so sure about price action here ...

Short GBPJPY at 207.76. It is at weekly downtrend line, and also at 144 fib, and showing a negative momentum divergence on the 4 hr chart. Could spike to 208.5 ... stop is above that.

CURRENT POSITIONS:
long USDCAD 1.1503
long EURAUD 1.6682, 1.6591.
short AUDUSD 0.7332
long EURCHF 1.57
long EURGBP 0.6923
short GBPJPY 207.76
  • #403
  • Apr 16, 2006 9:27pm Apr 16, 2006 9:27pm
Quoting ezcurrency
Out USDCAD 1.1464 at 1.1518 ... stop at B/E at 1.1503 position. Not so sure about price action here ...

Short GBPJPY at 207.76. It is at weekly downtrend line, and also at 144 fib, and showing a negative momentum divergence on the 4 hr chart. Could spike to 208.5 ... stop is above that.

CURRENT POSITIONS:
long USDCAD 1.1503
long EURAUD 1.6682, 1.6591.
short AUDUSD 0.7332
long EURCHF 1.57
long EURGBP 0.6923
short GBPJPY 207.76
Cut AUDUSD -5 pips, out USDCAD long +0 pips Sold EURAUD about even overall.
Shorted USDCAD 1.1496, as well as USDJPY at 118.46.


CURRENT POSITIONS:
short USDCAD 114.96
long EURCHF 1.57
long EURGBP 0.6923
short GBPJPY 207.76
short USDJPY 118.46
  • #404
  • Apr 16, 2006 9:38pm Apr 16, 2006 9:38pm
How does one join the PF and get more info on the newest updating on tunnel trading?
floridasand
  • #405
  • Apr 17, 2006 7:37am Apr 17, 2006 7:37am
All that is known about tunnel trading is in the public forums. However, there are a few other methods discussed and explained in the private forum (Knife, Price action, PIN, and of course PAP). To find more info and to join, go to www.james16group.com Thanks SMJ



Quoting floridasand
How does one join the PF and get more info on the newest updating on tunnel trading?
floridasand
  • #406
  • Apr 28, 2006 3:28am Apr 28, 2006 3:28am
ez, how's the tunnel strategy working for you?
Mr. Trend
  • #407
  • Apr 28, 2006 3:53am Apr 28, 2006 3:53am
In the knife system, the fib levels are talked about 89,144,233,377. To my understanding, those numbers are pips asay from 55 sma. My question is, how are those lines put on my charts?
JOHN 3:16
  • #408
  • Apr 28, 2006 5:49am Apr 28, 2006 5:49am
It depends on what charting software you are using. It would have to be programmed in. If you are using MT4 that has already been done in both the Vegas Docs and the FF tunnel mlq file in the sticky in the Beginner Forum...

Hope that helps, Scott

ps, I just noticed you mentioned the 55ma so you are using the 4hour method. check out the FF Tunnel chart in the beginner vegas docs post#2

Quoting renasdad
In the knife system, the fib levels are talked about 89,144,233,377. To my understanding, those numbers are pips asay from 55 sma. My question is, how are those lines put on my charts?
  • #409
  • Apr 28, 2006 7:26am Apr 28, 2006 7:26am
smjones, I found the file you are talking about. Also, I am using MT4. I don not know how to manually program it. Is there somewhere I can learn to do that. I mean, do I do it in the expert advisor or some custom indicator? I am not sure what to do. Man I feel dumb. I appreciate it.
JOHN 3:16
  • #410
  • Apr 28, 2006 7:41am Apr 28, 2006 7:41am
Here is another way to ask to maybe be a little more clear. Can I just save that and then on my mt4, open it on a chart? Or do I need to program that into the platform? It seems like I should just be able to save it and use it. I make things more complicated than they are some times.
JOHN 3:16
  • #411
  • Edited 3:48pm Apr 28, 2006 7:45am | Edited 3:48pm
Oh yea, I guess that would help. here goes...

Close MT4 ( if it is open)

Download the FF file

Copy that file to the following folder...
if you are using Stratbuilder, Program Files/strategeybuilder/experts/indicators
If you are using IBFX, Program Files/IBFX/experts/indicators
If you are using Metatrador from any where else,
Program Files/Metatrader/experts/indicators

Open MT4, click on Insert (at the top), place the curser on Indicator, then Custom, then FF Tunnel Chart then click.
This will add this indicator to your chart...

As far as using MT4 It has a help menu to learn it's various functions...

this is a good site to learn how to use MT4
http://www.strategybuilderfx.com/sfxmanual/


thanks scott


Quoting renasdad
smjones, I found the file you are talking about. Also, I am using MT4. I don not know how to manually program it. Is there somewhere I can learn to do that. I mean, do I do it in the expert advisor or some custom indicator? I am not sure what to do. Man I feel dumb. I appreciate it.
  • #412
  • Apr 28, 2006 8:04am Apr 28, 2006 8:04am
I went to insert then indicators then custom and FF tunnel chart is not there. Am I missing something?
JOHN 3:16
  • #413
  • Apr 28, 2006 8:32am Apr 28, 2006 8:32am
Did you close MT4 before you copied the file? if not close it now and then reopen MT4, so the program can find all the indicators in the folder...

thanks scott


Quoting renasdad
I went to insert then indicators then custom and FF tunnel chart is not there. Am I missing something?
  • #414
  • Edited 3:14pm May 14, 2006 2:12pm | Edited 3:14pm
Quoting diallist
I've done a partial backtest for the second period. I got 2469 pips just through March 9th. Just eyeballing the charts I can see I would get more through the end of the sell cycle at 5/21/04. I would have done the whole period but I've got inlaws wanting feeding so I've got to go. I did this kind of quickly so be wary of any errors I might have made.

Are you taking both primary and secondary signals? If you take just the primaries, you'll miss out on a lot of pips.

FYI, I entered my "trades" 20 pips beyond the neutral line, and exited either when a fib level was hit or price moved 20 pips beyond the neutral line in the opposite direction.

Dial
I have backtested this over some different pairs. I'm not getting anything close to the amount of pips that everyone is seeing...

Here's what I see May/June 2005 (bold marks the big signal cross that Vegas spoke about.. the rest are just slope changes):

May
1.2802 1.264 Short 162
1.2592 1.2617 Short -25
1.2628 1.2576 Short 52
1.2525 1.2584 Short -50
1.2474 1.2278 Short 196

June
1.2217 1.2263 Short -46
1.228 1.2146 Short 134
1.2042 1.2102 Short -50
1.2155 1.2179 Short -24
1.212 1.2082 Short 38
1.2104 1.2076 Short 28

I have been thinking about the change in momentum lately which from what I read on this thread, is pretty much what I think the knife system is...
Mr. Trend
  • #415
  • May 14, 2006 9:12pm May 14, 2006 9:12pm
Can someone explain to me what the levels equate to for the fib levels that Vegas talks about? I.e. What does 144, 233, etc, etc equate to? All the fib tools I see are like 38.2, 61.8, etc etc...

Sorry, I'm just starting to incorporate fibs into my trading...
Mr. Trend
  • #416
  • May 14, 2006 9:25pm May 14, 2006 9:25pm
Quoting Mr Trend
Can someone explain to me what the levels equate to for the fib levels that Vegas talks about? I.e. What does 144, 233, etc, etc equate to? All the fib tools I see are like 38.2, 61.8, etc etc...

Sorry, I'm just starting to incorporate fibs into my trading...
Hi Mr Trend,

The fib levels vegas is referring to are not available in any trading platform.
It is something he came up with as profit take levels. (and the indicator he provided with the docs automatically calculates that for you in MT4. I think Claude or Bemac created the same indicator for VT).

Since 144, 233, etc. are numbers in the fibonnaci sequence (where you add the current number with the previous one to get the next number in the sequence), they are the number of pips from the base point which is the 28 EMA (or is it 24? not sure, please check the vegas docs which one ).

So for example, the current value of the 28 EMA is 116.00 for the yen, the 144 fib level would then be 144 pips from that value which is:

116.00 + 144 pips = 117.44

The same thing goes for other fib levels. I'd like to provide you with a chart to make it clearer but time does not allow me right now.
I'm also not sure if there's a chart already in this thread.

You may want to look for it here.

Anyway, I hope this somehow helps.

Regards,
East
  • #417
  • May 15, 2006 11:45pm May 15, 2006 11:45pm
Quoting Mr Trend
Can someone explain to me what the levels equate to for the fib levels that Vegas talks about? I.e. What does 144, 233, etc, etc equate to? All the fib tools I see are like 38.2, 61.8, etc etc...

Sorry, I'm just starting to incorporate fibs into my trading...
Hi, I also wasn't able to attach a chart, so I will explain the easiest way I do this; Open EUR/USD H1 chart. The recent high was at 1.2974, right? Here comes the Fibo natural sequence (89. 144, 233 for Euro): from 1.2974 subtract 0.0089 and mark a line on that level (1.2885), then from 1.2974 subtract 0.0144 and put another line on that level (1.2830) and the last digit for EUR is 233 - so subtract that (1.2974-0.0233=1.2741)as well and put a third line on a chart. Now take a Fibo tool and extend Fibo from 1.2974 down to the last line (1.2741). And you see - what this equates to... Neat, nice and clear.
Good luck in hunting pips and embracing Fibs,
Lietuve
  • #418
  • May 15, 2006 11:52pm May 15, 2006 11:52pm
Quoting lietuve
Hi, I also wasn't able to attach a chart, so I will explain the easiest way I do this; Open EUR/USD H1 chart. The recent high was at 1.2974, right? Here comes the Fibo natural sequence (89. 144, 233 for Euro): from 1.2974 subtract 0.0089 and mark a line on that level (1.2885), then from 1.2974 subtract 0.0144 and put another line on that level (1.2830) and the last digit for EUR is 233 - so subtract that (1.2974-0.0233=1.2741)as well and put a third line on a chart. Now take a Fibo tool and extend Fibo from 1.2974 down to the last line (1.2741). And you see - what this equates to... Neat, nice and clear.
Good luck in hunting pips and embracing Fibs,
Lietuve
Nice first post!

Yep... 61.8, 38.2, and 0...

Awesome... thanks much!
Mr. Trend
  • #419
  • Jun 5, 2006 3:51pm Jun 5, 2006 3:51pm
Hi! every1



I read all thread and I think that I missed something or I´m completely wrong.

The thread starts with the 8/55 sma, the original 4 hours tunnel, but in some point (at the end of December 05) I understand that Vegas suggest to plot a tunnel with 24/28 ema (and disregard the weekly 5/21 sma ) and then plot the fibos like in the 1 hour tunnel.

This new strategy was finally introduced at the daily tunnel who is part of the VWB

This change is suggested to let you see and make and a strategy based on daily, 4 hours and 1 hour (the black dots) and makes sense if you read the VBW.

But, like I said in the beggining, maybe I lost something... because the FF tunnel which is from January 06 has the fibos plot using the 55 sma.

My question is: which is the correct way to plot the fibos in the 4 hour tunnel?

.from 24/28 ema?
.from 55 sma?
.none of this two?

Thanks...

(my first post)
  • #420
  • Jun 7, 2006 6:12pm Jun 7, 2006 6:12pm
The 55 SMA is correct for the 4hr model. 24/28 are used in the Vegas Daily Model. Both indicators for MT4 platform can be found in the Beginer section in one of the Stickies. Vegas suggested the Daily to determne the trend as the weekly lagged. I still use weekly as it is built into the 4 HR indicator as a signal UP or Down. I use Dailyh as a confirmation of the trend dir
Quoting Linuxser
Hi! every1



I read all thread and I think that I missed something or I´m completely wrong.

The thread starts with the 8/55 sma, the original 4 hours tunnel, but in some point (at the end of December 05) I understand that Vegas suggest to plot a tunnel with 24/28 ema (and disregard the weekly 5/21 sma ) and then plot the fibos like in the 1 hour tunnel.

This new strategy was finally introduced at the daily tunnel who is part of the VWB

This change is suggested to let you see and make and a strategy based on daily, 4 hours and 1 hour (the black dots) and makes sense if you read the VBW.

But, like I said in the beggining, maybe I lost something... because the FF tunnel which is from January 06 has the fibos plot using the 55 sma.

My question is: which is the correct way to plot the fibos in the 4 hour tunnel?

.from 24/28 ema?
.from 55 sma?
.none of this two?

Thanks...

(my first post)
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