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1 hour tunnel question

  • #1
  • First Post: Jun 29, 2006 10:57am Jun 29, 2006 10:57am
I have a couple of questions about this tunnel method.

When Vegas talks about the price breaking the boundry of the tunnel as an entry point, does one have to wait for the formation of the next bar outside the tunnel boundry or is the current bar breaching the tunnel enough?

I also dont understand how the 12 EMA is used as a filter. In the document, this is what Vegas writes
Quote
Put the 12 ema [1 hour] on your screen with the rest of your indicators. When everything is at the same price [tunnel, current market price, 12 ema] sit up and take notice. When the market breaks away from the tunnel, there is a very high probability of a strong market move coming. I don't need Gann, because this gives me time, the square of time, and price all in equilibrium. When it breaks, it goes.

How is this filtering flase positives? In addition to the price do you also have to wait for the 12EMA to breach the tunnel before taking a position?

Oh, I am new here, but this forum is great! I have been demoing for a month now and plan to do so for a while longer. I am looking at CMS for when I decide to go live.

Thanks.
  • #2
  • Jun 29, 2006 12:38pm Jun 29, 2006 12:38pm
Quoting mpathare
I have a couple of questions about this tunnel method.

When Vegas talks about the price breaking the boundry of the tunnel as an entry point, does one have to wait for the formation of the next bar outside the tunnel boundry or is the current bar breaching the tunnel enough?

I also dont understand how the 12 EMA is used as a filter. In the document, this is what Vegas writes


How is this filtering flase positives? In addition to the price do you also have to wait for the 12EMA to breach the tunnel before taking a position?

Oh, I am new here, but this forum is great! I have been demoing for a month now and plan to do so for a while longer. I am looking at CMS for when I decide to go live.

Thanks.
I don't believe you "Have" to wait for the 12 EMA to cross but patience is a virtue.
Have a look at Post #13 here.

http://www.forexfactory.com/forexfor...ead.php?t=5813

The 12 EMA is the Magenta line. You can see that, on occasion, the Price breaks the Tunnel but waiting for the 12 EMA to do so as well would have saved some pain and anguish.

If you decide to Go on Price Only, the 12 EMA should, at the very least, be near the Tunnel and Pointing your way.
  • #3
  • Jun 29, 2006 2:42pm Jun 29, 2006 2:42pm
Thanks Bemac,
Waiting for the 12ema to breach the tunnel makes sense. I also need to know how the 12ema acts as a filter?

I guess it could be a filter if you used it to enter only after it had breached the tunnel. Is that how it is supposed to be used?

Thanks
  • #4
  • Jun 29, 2006 5:28pm Jun 29, 2006 5:28pm
Quoting mpathare
Thanks Bemac,
Waiting for the 12ema to breach the tunnel makes sense. I also need to know how the 12ema acts as a filter?

I guess it could be a filter if you used it to enter only after it had breached the tunnel. Is that how it is supposed to be used?

Thanks
Exactly. That IS the Filter.
I do trade a variation of Tunnel Methods, {respectfully, it is a breakout strategy in esscence, although the wisdom of the system is that it incorporates recent past PA by way of MA's [lagging]}

But caution suggests that I mention it takes Long Time Trading Exposore to the Market to corrolate additional info or confirmation like J16 PA, Oscillators, S/R & even Fibs {sorry if I missed your favourite} before you pull the trigger with Extreme Confidence.

Sorry mpathare, when I proofed this before posting, I noticed I got on the pulpit a little. This is not directed at you specificly.

He may not respond {why would he [but i'm bettin' he will]} but I would say J16 doesen't jump on every P.Bar he sees.
Think about that and what it means.

Transcribing that to My thought proccess it means "Fine. ONE FACTOR IN, Need a couple more. Are they there already? Or coming soon?"

Author Note.
Jim, I'm not a member of your PF and as such perhaps I should not speak for you. But I do see a great number of members whom you have welcomed to your fold, soon after, explode with adoration. And as such, can only assume you are doinig it right. Kudos to You and your Team.

This is why all of the requests for...
" I don't have time. I want to get rich quick. Tell me how to do it." Questions often go unanswered because it's a paradox.
Fine. I can tell you how to get rich but it's going to take you a couple of years to grasp the base of the knowledge I have accumulated over the last couple of decades. Still sounds like a pretty good deal though, doesn't it?.


If you unconsously agreed with the previous statement, you thought that 2 years "apprenticing" for the potential rewards was cheap. Just remember that an Apprentice's Job is to learn and study.

Whoa didn't see that one coming. Just started typing and it morphed into a spew. Any Psychs around.
Personality type is probably JJJJ
  • #5
  • Jul 3, 2006 4:30pm Jul 3, 2006 4:30pm
anyone got the 1 hr tunnel indicator for MT4?

  • #6
  • Jul 3, 2006 7:05pm Jul 3, 2006 7:05pm
Quoting jotty
anyone got the 1 hr tunnel indicator for MT4?

I need one too! Been struggling.

Happy Independence day to The US citizen!
Change Your Thinking. Change Your Life - JD
  • #7
  • Jul 3, 2006 7:27pm Jul 3, 2006 7:27pm
the 1 hr tunnel indicator for MT4 can be found in the following tread.

http://www.forexfactory.com/forexfor...ead.php?t=4365

Post # 2


P.S.

I love this system. When I maintain patience and discepline it works well and there lyes my challenge in trading. patience and discepline
Fdisk Please I just want a few pips. Is that too much to ask?
  • #8
  • Jul 4, 2006 12:46am Jul 4, 2006 12:46am
tats the knife indicator, hehe
  • #9
  • Jul 4, 2006 1:55am Jul 4, 2006 1:55am
Here's all the various Vegas mq4 indicators.
Hourly, 4-Hour, Daily, Weekly and S&P
Attached File(s)
File Type: zip Vegas_mq4_Indicators.zip   6 KB | 1,529 downloads
In trading, there is no bullshit. You either make money or you don't.
  • #10
  • Jul 4, 2006 4:59am Jul 4, 2006 4:59am
Quoting mrgreen
Here's all the various Vegas mq4 indicators.
Hourly, 4-Hour, Daily, Weekly and S&P
Thanks mrgreen, God Bless!
Change Your Thinking. Change Your Life - JD
  • #11
  • Jul 5, 2006 12:10pm Jul 5, 2006 12:10pm
Quoting mpathare
I also dont understand how the 12 EMA is...filtering false positives? In addition to the price do you also have to wait for the 12EMA to breach the tunnel before taking a position?
When the 12 EMA, the 144/169 tunnel, and price are all in the same place, that means that the market is compressed, coiled like a spring, waiting for something to happen, etc. So, when it breaks that little range it's in, price tends to run because of all that stored energy.

Here is an example of what Vegas is talking about when he says "when it breaks, it goes."
Attached Image
  • #12
  • Jul 5, 2006 1:46pm Jul 5, 2006 1:46pm
Quoting mrgreen
Here's all the various Vegas mq4 indicators.
Hourly, 4-Hour, Daily, Weekly and S&P
I tried all the indicators, but none of them are the 1hr method. It doesnt have the 12ema. Did I miss something?

Thanks
Change Your Thinking. Change Your Life - JD
  • #13
  • Jul 5, 2006 2:48pm Jul 5, 2006 2:48pm
there is a 1 hr tunnel on there
as for the 12 EMA, hehe just put it on yourself
  • #14
  • Jul 5, 2006 2:53pm Jul 5, 2006 2:53pm
Quoting jotty
there is a 1 hr tunnel on there
as for the 12 EMA, hehe just put it on yourself
LOL :

But, how do i include the last 2 fibs? Theres only 3 fibs, it should be at least 5.
Any other suggestion?

Thanks
Change Your Thinking. Change Your Life - JD
  • #15
  • Jul 5, 2006 2:54pm Jul 5, 2006 2:54pm
you change the risk model
i think there's 3 risk models
you can change it just like the VWB indicator
  • #16
  • Jan 19, 2010 2:38am Jan 19, 2010 2:38am
Quoting mrgreen
Here's all the various Vegas mq4 indicators.
Hourly, 4-Hour, Daily, Weekly and S&P
mrgreen,
Thanks for posting all indicators in one zip file. I loaded them fine. The question I have for you or anyone in this thread is the setting for the setting for the RiskModel parameter and wheat it means. The fibs expand as I use numbers higher than 1.

Help.

Thanks
  • #17
  • Last Post: Feb 9, 2010 4:03pm Feb 9, 2010 4:03pm
As i understand, Fib levels are more for risk tolerance and not for exit points. Fib levels for exit points 55,89,etc. you should calculat from green line.

Question: do anybody has indicator for consolidaton (chopy action) area or every body using eyes ?
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