Quoting miketollDislikedhi, i was now reading till page 12 and treid to solve my problem, but somehow i failded..
I just dont undestand these parts of the vwb:
3) After initiating a new position, and stops are in place, we look to take 50%
of position off at/or around the tunnel. In other words, we book half the
position for a profit. Stop on the other 50% of position is raised to an
appropriate profit level or breakeven.
4) The last 50% of position is held until we get opposite signal on the other
side of the tunnel [first part of step 3].
What does vegas mean with the 50%? are 100% the middle of the tunnel to the outest fib line?
I hope you can help me.Ignored
So for example, you have 2 mini lots on a certain trade, what vegas means on "booking half the position when it hits the tunnel" is taking 1 mini lot (50% of 2 mini lots) that you have on the trade.
If I remember it right, the tunnel is the 24/28 MA in the daily chart.
So when price hits the tunnel (24/28 MAs), then you still have half of your position which is 1 lot.
You now then wait for a reversal on the opposite side of the tunnel.
So basically, what vegas is referring to the 50% is applied to your position.
Hope this helps and not confuse you more.
Regards,
East