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One hour tunnel method 2 replies

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Attachments: Lost in the Tunnel...
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Lost in the Tunnel...

Hi rjb1024,

This is already a done matter and that post was made a long time ago.
Please enjoy your stay.
Bonjour,
je suis très interessé par la methode de dialist (végas) mais je ne parle pas l'anglais.
quelqu'un peut il m'aider avec cette methode ?

merci de votre réponse.

Laurent
Quoting laurentol
Bonjour,
je suis très interessé par la methode de dialist (végas) mais je ne parle pas l'anglais.
quelqu'un peut il m'aider avec cette methode ?

merci de votre réponse.

Laurent
Good day,

I am very interested in the this method by Dialist but I do not speak English. Can someone help me with this method.?
Thank you for your reply / response.
Laurent.

I can only translate since I do not know the Vegas system.

Skypez moi sous Hibbiz . Si vous avez déjà la texte devant vous je peux les traduire.
Skype me under Hibbiz . If you have the text in front of you I can translate it online.

Highway
Bonjour,

mon pseudo sur skype est : moimeme42
je voudrai parler de la méthode "vegas" et Knife.

à bientot.

Laurent
Quoting laurentol
Bonjour,

mon pseudo sur skype est : moimeme42
je voudrai parler de la méthode "vegas" et Knife.

à bientot.

Laurent
BTW, laurentol is at GMT+1. When I Skyped with him, the connection was very clear. Almost like he was sitting right next to me. But my ignorance of the french language made the call pointless.

So, if anyone would like to Skype with laurentol, I'm sure he'd really appreciate the help with Vegas 4 hour.

Thanks

Dial (ignorant monoglot)
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Quoting diallist
BTW, laurentol is at GMT+1. When I Skyped with him, the connection was very clear. Almost like he was sitting right next to me. But my ignorance of the french language made the call pointless.

So, if anyone would like to Skype with laurentol, I'm sure he'd really appreciate the help with Vegas 4 hour.

Thanks

Dial (ignorant monoglot)
I can speak ebonics... would that help? :
Mr. Trend
Quoting Mr Trend
I can speak ebonics... would that help? :
hello, im a newbie in tis vegas method. i applied 1h method in my trade. and now im studying the 4h. friend of mine told me tat the 4h method can be applied automatically, so i dont have to draw the indicators manually. but i hve no lead how to do it. can anyone help me? thanks a lot.
Right now (1:50pm EST) the EUR/USD price is just breaking the 169EMA boundry. According to the tunnel document this is a BUY signal. The question I have is should you wait for the 12EMA to also break the upper tunnel boundry before you go long?
Attached Image
Quoting agirlmailbox
hello, im a newbie in tis vegas method. i applied 1h method in my trade. and now im studying the 4h. friend of mine told me tat the 4h method can be applied automatically, so i dont have to draw the indicators manually. but i hve no lead how to do it. can anyone help me? thanks a lot.
Hi agirl,
Take a look in the Vegas sticky in the Beginner's Forum and download the FF Tunnel Chart indicator for MT4 (I'm assuming you have MT4). This will give you the lines you need for the 4 hour chart. For the weekly chart, just apply the two moving averages by hand, then save them as a template for use on other currency charts.

Eastmael has written a great guide on installing indicators into MT4, but I'm at work and I don't have time to look it up now. Perhaps East or someone will chime in and give you the link.

BTW, I got your PM but I'll have to answer it later. I recall it was on the same topic, so maybe I can find East's link for you later.

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
Quoting diallist
Hi agirl,
Take a look in the Vegas sticky in the Beginner's Forum and download the FF Tunnel Chart indicator for MT4 (I'm assuming you have MT4). This will give you the lines you need for the 4 hour chart. For the weekly chart, just apply the two moving averages by hand, then save them as a template for use on other currency charts.

Eastmael has written a great guide on installing indicators into MT4, but I'm at work and I don't have time to look it up now. Perhaps East or someone will chime in and give you the link.

BTW, I got your PM but I'll have to answer it later. I recall it was on the same topic, so maybe I can find East's link for you later.

Dial
Sure Dial.

Hi agirl and welcome to the forum! Below are the links Dial's referring to.

Here's the vegas sticky in the beginner's forum:
http://www.forexfactory.com/forexfor...ead.php?t=4365

The FF Tunnel Chart indicator can be downloaded also from the above link, second post.

Here's the link to the guide on installing the indicators:
http://www.forexfactory.com/forexfor...ead.php?t=4497

That's all for now. Hope this helps.

Regards,
East
sounds silly perhaps - but what is PF??

thanks
cannarek

ps.i joined forex factory several days ago - you're doing GREAT job! i'm impressed
Quoting cannarek
sounds silly perhaps - but what is PF??

thanks
cannarek

ps.i joined forex factory several days ago - you're doing GREAT job! i'm impressed
PF stands for private forum, meaning the james16 group. It's a private (paid) forum hosted by FF.

Check it out, it's really great learning for a fraction of what you would pay elsewhere. They teach some really good systems, price action, money management, trading psychology, etc., all in the familiar form of the Forex Factory forum. I really recommend it! If you think Forex Factory is good, PF is just pure gold.

Dane
Quoting great*dane
PF stands for private forum, meaning the james16 group. It's a private (paid) forum hosted by FF.

Check it out, it's really great learning for a fraction of what you would pay elsewhere. They teach some really good systems, price action, money management, trading psychology, etc., all in the familiar form of the Forex Factory forum. I really recommend it! If you think Forex Factory is good, PF is just pure gold.

Dane
I second that emotion!!
Thank you Bernadette and Dane!

Jim, Douglas and I are happy that you have found value in the James16 Group!

Let me know if there is anything I can do for you. Ask anytime!

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
Quoting great*dane
I really recommend it! If you think Forex Factory is good, PF is just pure gold.

Dane
I also second that. They equip you with everything you need to know... well almost (in a doublebig nutshell)... the part they can't teach you is where you come in!
Linus
Ekvattiekakkie
Although I spent 3 decades as a programmer (before being downsized) I have been too lazy to learn ML4 yet (though I have all the docs downloaded)...

That said (my excuse):

Would someone tell me what the dotted green line in the FF Tunnel Indicator represents, please? I can't quite read the code yet. It sort of looks like a butterfly on acid...

Thanks,
Lou G
Old Benjamin was right
Quoting Lou G
Although I spent 3 decades as a programmer (before being downsized) I have been too lazy to learn ML4 yet (though I have all the docs downloaded)...

That said (my excuse):

Would someone tell me what the dotted green line in the FF Tunnel Indicator represents, please? I can't quite read the code yet. It sort of looks like a butterfly on acid...

Thanks,
Lou G
The green dotted line, called the Aphid, is simply the close of 8 bars back carried to the right to bar zero. Bar zero is the current bar. Whenever price crosses the aphid, the 8 SMA reverses slope. The endpoint of the aphid shows the point that price would have to be in order for the slope of the 8 SMA to be neutral or flat.
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
Hi all,

First post here, i have enjoyed reading everything so far.

Yesterdays sharp move in the USD got me thinking about a small modification to the vegas system, and i would be keen to hear the opinion of those who know it well or have the ability to backtest it easily.

Normally we buy/sell 3 full or half lots, depending on the momentum given to us by the weekly chart. With the 8SMA on the 4H chart dictating our the majority of our entries and exits.

Now a small addition...

Now when the 8SMA changes direction(against the weekly momentum), we close out any remaining positions as per normal and trade 1 lot in the other direction until the slope changes again where we will trade our usual 3 full/half lots.

This means we are in the market the whole time, still trading with the momentum, but also placing a small trade going against the momentum.

This would take no more time to implement than the current method because the entries and exits points are the same.

And if it results in a few extra pips each month... why not??

Thoughts?
If at first you don't succeed, destroy all evidence that you tried.
Quoting thuxen
Hi all,

First post here, i have enjoyed reading everything so far.

Yesterdays sharp move in the USD got me thinking about a small modification to the vegas system, and i would be keen to hear the opinion of those who know it well or have the ability to backtest it easily.

Normally we buy/sell 3 full or half lots, depending on the momentum given to us by the weekly chart. With the 8SMA on the 4H chart dictating our the majority of our entries and exits.

Now a small addition...

Now when the 8SMA changes direction(against the weekly momentum), we close out any remaining positions as per normal and trade 1 lot in the other direction until the slope changes again where we will trade our usual 3 full/half lots.

This means we are in the market the whole time, still trading with the momentum, but also placing a small trade going against the momentum.

This would take no more time to implement than the current method because the entries and exits points are the same.

And if it results in a few extra pips each month... why not??

Thoughts?
Hi Thuxen,
Sounds like you've been lurking for a while, but I'll say welcome to the Factory anyway!

As you said, your thinking was inspired by the move of USD. This type of move is irregular and infrequent (relatively speaking), and trying to modify a system to catch every hiccup of the market is a very fast way to kill a system.

My belief is that individual trades, and their outcomes, are meaningless. By that I mean they are statistically insignificant. In plain language, they don't count for much. What DOES count and have significant statistical meaning is a long series of trades. Modifying a system to increase the performance of such a series is worth the effort.

So adding the rule to tack on a single lot on 8 SMA slope changes against the weekly trend only affects one trade, which as I've said is meaningless.

However, a rule such as trading only in the direction of the trend, is an approach that affects an entire series of trades and does have significant meaning.

Further, trading against the trend is a low probability trade and is a practice that should be avoided. Finally, by trying to always be in the market with this system, you are subjecting yourself to whipsaws that will quickly erode any extra pips you might pick up trading against the trend.

Rather than try to optimize a system to squeeze out a few more pips by trading more often is not as effective with this system as sitting on your hands and waiting for only the A trades. An A trade, if you don't know, is defined as the highest probability setups a particular system offers.

For example, with this system, I am currently trading only GBP/USD. This pair just had a run up of 400 pips. This move has me excited, not because I'm in it (I'm not) but because it means that this system is possibly setting up to give a really good primary entry in the direction of the trend.

I used to use a shotgun to blast any wiggle of the 8 SMA, but now I only take rifle shots at the best possible setups. Do I get many trades this way? No I don't. Very few in fact, but the few I get pay off. For example, my last three trades on cable using this system yielded around 570 pips in just a few days. That is plenty of pips for me, and I trade with a lot less stress because of the decreased frequency of trading. I have no desire to majorly increase my stress just to squeeze out a few more pips while risking a lot of whipsaws.

However, in spite of all I've said, I commend you on doing something that many people don't do. You are thinking, questioning and evaluating and then following up by bouncing your ideas off other traders to get feedback. Just be sure to listen to only those traders who have proven experience. There are only a dozen or so on this forum.

Take care, and post often

Dial
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