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One hour tunnel method 2 replies

Tunnel Vision. Independent Signals & Positioning Recommendations. 189 replies

4 hour tunnel confusion 8 replies

I am confused about all the different Tunnel methods out there...Clarificatio n please 3 replies

Questions re: MT4 and VWB 1 Hr Tunnel 0 replies

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

Hi everyone,

I've read all part of the Vega's methods and specialy the 1Hr tunnel.

I'm currently trying to test my EA with ForexTester, results are not bad but every range trend kill my profits :-(.

Here and example of the problems :

- First BUY is a big loose trade
- First SELL is a loose trade
- Second BUY is a big loose trade
- Second SELL is a win trade

As you can see not a good period

So is there a way to avoid these false signals ?

More over, and because my english is not very good in the 1Hr method, if I understood, we send a minimum of 3 orders every times and close on each fib level ? Is that right, or only 1 trade and on each fib level, close and send new order to go to the next fib level ?

"Simply" I want to keep my profits and reduce my loose.

Thanks for your help
Yousky
Attached Image
Fellow traders,

As I am converting from the 1H tunnel method to the 4H tunnel method can an experienced 4H method trader asnwer the following question Regarding the 4H tunnel mothod. When using the weekly chart for momentum, should I wait till both MA's have shown and upside or downside change to determine the trend or is a change in the 5ema sufficient.
Stacking pips since 2002
Quoting forexjedi
Fellow traders,

As I am converting from the 1H tunnel method to the 4H tunnel method can an experienced 4H method trader asnwer the following question Regarding the 4H tunnel mothod. When using the weekly chart for momentum, should I wait till both MA's have shown and upside or downside change to determine the trend or is a change in the 5ema sufficient.
Hi forexjedi,

Congrats on your first post, and welcome to the factory!

For the answer to your question, read posts 381, 382 & 383 of this thread. The information in those posts is excerpted from the James16 Group.

Let me know if I can be of further assistance.
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
diallist,

Thank you for your help. Since ive joined FF my knowledge of FX has increased so much I don’t know how I survived my first 3 years without it. I learned more from this site in 2 month then the entire 3 years ive been live trading FX. I believe the next step to my success is to become a member of the PF. FF is like winning the lottery for anyone starting out in FX. This is a big thank you to all the members who have posted all their hard earned knowledge and efforts on this site. Had I found this site when I first started in FX there's no doubt that I would be extremely successful right now. Now I will join the PF by the end of the week and study till the student has become the teacher.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

<o> </o>
Stacking pips since 2002
Quoting forexjedi
diallist,

Thank you for your help. Since ive joined FF my knowledge of FX has increased so much I don’t know how I survived my first 3 years without it. I learned more from this site in 2 month then the entire 3 years ive been live trading FX. I believe the next step to my success is to become a member of the PF. FF is like winning the lottery for anyone starting out in FX. This is a big thank you to all the members who have posted all their hard earned knowledge and efforts on this site. Had I found this site when I first started in FX there's no doubt that I would be extremely successful right now. Now I will join the PF by the end of the week and study till the student has become the teacher.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

<o></o>
Hi forexjedi,

I'm glad you found my posts useful, and I'm especially glad that you are getting so much out of Forex Factory. Merlin is the head honcho here and I consider him to be a dear friend. Merlin and his moderators (I'm one ) strive to make the Factory the best forex site on the net. You're kind words validate our efforts, and are greatly appreciated.

Thanks for your expressed interest in the PF. I know you wont be disapponted if you join. My wish for you will be to surpass the teacher!

Don't hesitate to let me know if I can be of any further assistance.

Take care

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
Quoting forexjedi
diallist,

Thank you for your help. Since ive joined FF my knowledge of FX has increased so much I don’t know how I survived my first 3 years without it. I learned more from this site in 2 month then the entire 3 years ive been live trading FX. I believe the next step to my success is to become a member of the PF. FF is like winning the lottery for anyone starting out in FX. This is a big thank you to all the members who have posted all their hard earned knowledge and efforts on this site. Had I found this site when I first started in FX there's no doubt that I would be extremely successful right now. Now I will join the PF by the end of the week and study till the student has become the teacher.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

<o></o>
I echo these sentiments!!!
Quoting yousky
Hi everyone,

I've read all part of the Vega's methods and specialy the 1Hr tunnel.

I'm currently trying to test my EA with ForexTester, results are not bad but every range trend kill my profits :-(.

Here and example of the problems :

- First BUY is a big loose trade
- First SELL is a loose trade
- Second BUY is a big loose trade
- Second SELL is a win trade

As you can see not a good period

So is there a way to avoid these false signals ?

More over, and because my english is not very good in the 1Hr method, if I understood, we send a minimum of 3 orders every times and close on each fib level ? Is that right, or only 1 trade and on each fib level, close and send new order to go to the next fib level ?

"Simply" I want to keep my profits and reduce my loose.

Thanks for your help
Yousky
Hi Yousky,<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

<o></o>

I'm not sure why you took those trades? Remember, the 1h method we want to trade when the price brakes out of the tunnel. You use the fibs as an indication when to take profit (remember your risk model per currency as described in the Vegas doc!) It seems if your entries are too late. Where you've entered on the first trade, you should've exit. <o></o>

Are you using VWB method or 1h method? VWB method uses daily charts - and trade back to the tunnel. 1h enter on a breakout from the tunnel<o></o>

<o></o>

rsmit<o></o>
  • Post #448
  • Quote
  • Edited 10:36am Jul 20, 2006 10:25am | Edited 10:36am
hi community,
about the 4h method iam not really sure whether i undstand the 4h timeframe right.
Lets take the current eur/usd as example. As you can see we have a downtrend this week and should only take short signals, right?

Well, the document says (if we are in a downtrend):
"We are looking for the 8 SMA to move higher through the 55 SMA. When it does, we carefully watch and notice when the SLOPE of the 8 SMA changes from positive to negative. It will do this when the 8 SMA stops gaining value in one 4 hour bar and loses in the next. This is the 4 hour bar to initiate new short positions with 3 units"

I dont understand what he means with: " we carefully watch and notice when the SLOPE of the 8 SMA changes from positive to negative. "
Does positive to negative means a cross of the 8sma through the 55sma or is this just the case when the 8sma is at first going up and then heading down (look at attached picture).

and

"We are looking for the 8 SMA to move higher through the 55 SMA"
What does this mean? must the 8sma higher then the 55sma? i descibed the problem detailed in the attached picture.

http://img117.imageshack.us/img117/7097/chartwr7.th.gif

Many thanks in advance!
Mike


edit: i read this a minute ago:

Quoting mrgreen
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
mrgreen said, that he uses the daily to determine the current trend, how do i do that? Do i have to use the same indicators as i have when i determine the trend in weekly timeframe (descibed in the 4h tunnel method)?
Is there already a explanation?
I am looking forward to a answer.
Thank you!

2nd edit: sorry for putting up another question, but i have this one since i learn trading and now i want to have it cleared.
When vegas or someone else speaks about "when the price hits the line" does this mean the close price or any part of the candle? For example if there is a cross of a ma and the price, is it a cross when the candle closes above(below), or when just the shadow (or any part) of the candle crosses the line?
I'm getting there ... slowly
Quoting miketoll
hi community,
about the 4h method iam not really sure whether i undstand the 4h timeframe right.
Lets take the current eur/usd as example. As you can see we have a downtrend this week and should only take short signals, right?

Well, the document says (if we are in a downtrend):
"We are looking for the 8 SMA to move higher through the 55 SMA. When it does, we carefully watch and notice when the SLOPE of the 8 SMA changes from positive to negative. It will do this when the 8 SMA stops gaining value in one 4 hour bar and loses in the next. This is the 4 hour bar to initiate new short positions with 3 units"

I dont understand what he means with: " we carefully watch and notice when the SLOPE of the 8 SMA changes from positive to negative. "
Does positive to negative means a cross of the 8sma through the 55sma or is this just the case when the 8sma is at first going up and then heading down (look at attached picture).

and

"We are looking for the 8 SMA to move higher through the 55 SMA"
What does this mean? must the 8sma higher then the 55sma? i descibed the problem detailed in the attached picture.

http://img117.imageshack.us/img117/7097/chartwr7.th.gif

Many thanks in advance!
Mike


edit: i read this a minute ago:


mrgreen said, that he uses the daily to determine the current trend, how do i do that? Do i have to use the same indicators as i have when i determine the trend in weekly timeframe (descibed in the 4h tunnel method)?
Is there already a explanation?
I am looking forward to a answer.
Thank you!

2nd edit: sorry for putting up another question, but i have this one since i learn trading and now i want to have it cleared.
When vegas or someone else speaks about "when the price hits the line" does this mean the close price or any part of the candle? For example if there is a cross of a ma and the price, is it a cross when the candle closes above(below), or when just the shadow (or any part) of the candle crosses the line?
Hi Mike,
The 4 hour method does not use crossovers of the 8 & 55 ma's to signal anything. This is not a crossover system. There are two types of entry for the 4 hour method. I call them "Primary" and "Secondary". In the portion of the Vegas document that you quoted, Vegas is describing a Primary short entry, where the 8 is above the 55, and the 8 has changed from positive slope to negative slope. For a Secondary short, the 8 will be below the 55 and the slope will change from positive to negative. The difference is that Secondary entries are not as reliable so risk is controlled by putting on only half the normal position size.

Perhaps the following chart will help clarify. There is a lot of great information in this thread on the 4 hour model and I encourage you to read through the whole thread. I think you'll find it worthwhile.

Let me know if I can do anything else for you. PM me if you like.

Dial
Attached Image
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
Thank you dial for your work!
I always see you helping others and i really appreciate this!
btw: no questions left
Greetings mike

edit:
i just realized that i still have the two others questions
Here they are:

"mrgreen said, that he uses the daily to determine the current trend, how do i do that? Do i have to use the same indicators as i have when i determine the trend in weekly timeframe (descibed in the 4h tunnel method)?
Is there already a explanation?
I am looking forward to a answer.
Thank you!

2nd edit: sorry for putting up another question, but i have this one since i learn trading and now i want to have it cleared.
When vegas or someone else speaks about "when the price hits the line" does this mean the close price or any part of the candle? For example if there is a cross of a ma and the price, is it a cross when the candle closes above(below), or when just the shadow (or any part) of the candle crosses the line?"
Thank you!
I'm getting there ... slowly
First post, this is what I have been looking for. IT took me two years to find Forex Factory. IT'S GREAT!!!!!!!!!


I can't load FF Tunnel Charts from Team Aphid to Metatrader4.[img]images/icons/icon9.gif[/img] Can anyone help.

parttime
Quoting parttime
First post, this is what I have been looking for. IT took me two years to find Forex Factory. IT'S GREAT!!!!!!!!!

I can't load FF Tunnel Charts from Team Aphid to Metatrader4.Can anyone help.

parttime
Hi parttime,

Two years is better than not finding Forex Factory at all..
Welcome to the factory dude!

Anyway, I hope this thread might help:
http://www.forexfactory.com/forexfor...ead.php?t=4497

It was created for importing Vegas Wealth Builder (VWB) indicators but the process is just the same for the FF Tunnel Charts indicator.

Hope this helps.
East
thank's Eastmaels looking now.

parttime
Quoting miketoll
Thank you dial for your work!
I always see you helping others and i really appreciate this!
btw: no questions left
Greetings mike
Thanks for the kind words Mike. I'm just paying forward the help I've received from other traders further down the road than me. If not for their help, I would not have reached the point where trading has actually become easy (most of the time anyway ). If I can do anything to help someone else have that same experience, then I will feel I've paid at least part of the debt of gratitude that I owe.

Quoting miketoll
"mrgreen said, that he uses the daily to determine the current trend, how do i do that? Do i have to use the same indicators as i have when i determine the trend in weekly timeframe (descibed in the 4h tunnel method)?
Is there already a explanation?
I am looking forward to a answer.
Thank you!
MrGreen will have to answer that question. I use the weekly momentum trend, with only a peek at the daily to see what's inside the weekly bar. For me it is intuitive, and I would be hard pressed to explain how I see it. Sorry.

Quoting miketoll
When vegas or someone else speaks about "when the price hits the line" does this mean the close price or any part of the candle? For example if there is a cross of a ma and the price, is it a cross when the candle closes above(below), or when just the shadow (or any part) of the candle crosses the line?"
Thank you!
I don't know the context from which you pulled the Vegas quote so I can't answer that directly. In general it means the actual price touching the line. It is a rare occurence for the close to fall exactly on a line, so that isn't terribly useful. In most systems I've seen, if it is important for the close to be in a certain position relative to a line, then it is usually explicitly stated. In other words, there is no hard and fast rule.

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
Quoting eastmaels
Anyway, I hope this thread might help:
http://www.forexfactory.com/forexfor...ead.php?t=4497

It was created for importing Vegas Wealth Builder (VWB) indicators but the process is just the same for the FF Tunnel Charts indicator.

Hope this helps.
East
East, I've just made your thread into a sticky, as it is one of the more valuable and useful threads in the Factory. Thanks!

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
Quoting parttime
First post, this is what I have been looking for. IT took me two years to find Forex Factory. IT'S GREAT!!!!!!!!!

parttime
Hi parttime, and welcome to the Factory. Yes, Merlin, the mods, and other members have worked very hard to make ForexFactory, a positive, friendly place to discuss forex.

I hope I won't jinx it by saying this, but I believe we have a new record for length of time without a major flame war. We had some doozies last year, but this year has been a year of peace, growth and camraderie. Hmmm, perhaps we should invite world leaders in here. They could learn a thing or two........???.....Nah, we'd just end up banning them! :

Welcome!

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
Traders,<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

<o></o>

Using MT4 with the templates provided For the Vegas 4H method I keep getting a warning pop up in my MT4. It states as follows.<o></o>

<o></o>

"warning USD/CHF slope change, only trade if price is >1.4000 <1.4600"<o></o>

<o></o>

or<o></o>

<o></o>

"USD/CHF good to trade"<o></o>

<o></o>

These are obviously fictitious prices but can someone tell me what this means. It looks self explanatory but I just want to make sure. Currently I just wait for the newest 4 hour bar to open my trade but if I can open a position earlier then that it would be fantastic. I seems like im missing about 40 or 50 pips of each trade because I wait for the next 4 hour bar. Also I currently put at risk 40 to 50 pips for each trade which makes me a little uneasy. Is this a normal amount of pips for this method and how long does a pro hold an average trade for?Till the fibs or the TS is hit. One last question. As Vegas states you should not open a position between 7pm and 4am est as this is the asian session. Is there any other bad time to open a trade? Also, riddle me this! If the weekly chart is one week behind then how could you use the weekly for trend direction. If you look back on the weekly, the trend could change direction anytime.Im thinking about eliminating the weekly from the mix. Sorry for all the questions but this 4H method got the wheels spinning. Its to the point where all I can do is think about FX. Before FF this was just a hobby. Now I would rather die then not trade FX. Im trying to get to a bigger level of confidence and break away from my scalping habit of 10-20 pips because its gotten me nothing but break even results the past 3 years. Ok thats enough questions for now I hope someone will help me out with this.

Best regards,

ForexJedi
<o> </o>
Stacking pips since 2002
hi again,
i now read through the threat and would like to know how i calculate the current trend. Because you often said, that weekly trend calculation is not enough.
What is the best way to calculate the "best possible trend"?
Thank you
mike
I'm getting there ... slowly
Thanks, Dial

I have read a lot of forums and paid a lot of money for E-books that did not help. I have only read a little of this forum and I can't tell you how much this has helped me. Looking forward to moving ahead in my trading.
Everything I see is opening my eyes and now I'm trying to put it all together.


parttime
before using the 4h method now, i wanted to ask if someone could explain to me how to determine a "intraweek"-change, because by just following vegas "weekly"-trend change, i am always one 2 week behind the original trend.
But now i wonder, what the weekly- trendchange determination is good for?
So, i help someone could explain my 2 questions.
Another thing i just want to clarify is that the fib numbers are calculated from the 8sma (from the point where the 8sma's slope changes), right?

I would also appreciate if someone could post some pictures (just 5-10), where the strategy is used. In this way i could check whether i do now understand the 4h method or not. This would really be nice.
Thanks very much in advance!
-Mike
I'm getting there ... slowly
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