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Lost in the Tunnel...

  • #501
  • Aug 18, 2006 7:07am Aug 18, 2006 7:07am
Quoting parttime
Dial

What is GMMA?

parttime
Do a search in this thread (or on the Forum from home page) for more info
In the meantime here are the files (MT4)
Peter
Attached File(s)
File Type: mq4 GMMA Short.mq4   3 KB | 655 downloads
File Type: mq4 GMMA Long.mq4   3 KB | 613 downloads
  • #502
  • Aug 18, 2006 9:36am Aug 18, 2006 9:36am
Thanks diallst, I havent heard from anyone yet. I did send a email to vegas.
So maybe Ill hear something back soon.
  • #503
  • Aug 18, 2006 5:21pm Aug 18, 2006 5:21pm
PeterFM

Thanks for the info.

parttime
  • #504
  • Aug 18, 2006 7:21pm Aug 18, 2006 7:21pm
Quoting droesparky
Thanks diallst, I havent heard from anyone yet. I did send a email to vegas.
So maybe Ill hear something back soon.
I'm sorry, I thought you were talking about signing up with the James16 Group. If it is Vegas' website you're having trouble with, I cannot help you. You'll need to contact Vegas for that.

Problem is, I hear he's not been answering mail, or maybe he has and is just backlogged.

Contact Vegas at [email protected]
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #505
  • Aug 18, 2006 7:31pm Aug 18, 2006 7:31pm
Quoting droesparky
Is there something special you have to do after you pay your money to be able to get into the site?
It just keeps sending me back to the pay screen.
This might help. Read post #96 by Vegas in this thread. http://www.forexfactory.com/forexfor...ead.php?t=6817
  • #506
  • Aug 19, 2006 12:41am Aug 19, 2006 12:41am
Quoting diallist
Truth be told, I became so fed up with the WM that I've dropped it from consideration and am now using the GMMA on both the weekly and daily charts to determine trade direction.
Dial
Is there a particular read on the Short/Long GMMAs that you use on the weekly and daily charts to determine your trade direction . . .
Oh Gracious One . . . I mean . . . Dialist ?

Thanks,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #507
  • Aug 19, 2006 3:38am Aug 19, 2006 3:38am
...then it might warrant some caution

Hi
Just wanted to say that I am as fed up as most of you guys with being unable to determine a clear trend for currency pairs at time, as EUR/USD FF Tunnel indicator was (imho this time rightfully) saying trend is down (and on 4h would have made a profitable trade down from the highs with a full position trade a short while ago *hehe @ wordplay*) and on cable (GBP/USD) it was saying trend is UP....

Well, the first 4h signal failed for around 37 pips (close to close entry/exit) and the second one, had one held it until the next slope change, would again have lost around 15 pips, both on full positions. Which is VERY good and a VERY low drawdown imho.

As for why we failed where we did, I posted 3 possible explanations(basically 2, former s/r and .786 level and the trendline) over
here

I am still backtesting the mechanical 4h method in my thread here in this Niche Forum and would still be happy for any additional ideas and input on my results
Trust price. Know yourself.
  • #508
  • Edited 9:53am Aug 19, 2006 9:43am | Edited 9:53am
Greetings all

My first post ... I would like to thank all who have contributed here to this fine thread, in particular HeavyJ and Dial - your ongoing contibutions and kindness are an inspiration to me.

I hail from a distant part of the internet (StrategyBuilderFX forum) where I learnt to successfully trade the Bunnygirl System (basically a 5/20 moving average on 30 min chart) and I stumbled upon Forex Factory a few days ago.

I have traded forex part-time for past 5.5 years and the journey has been an amazing experience - not only in learning about the market but also about my own psychology and the hidden demons that come out from time to time to try distrupt my trading success! In this regard I really like Dial's shooting analogy - the shotgun approach vs becoming a sniper with an accurate, high power rifle. My demons would very much like to use the shotgun but I am committed to becoming a world class sniper with enough patience to wait for price to walk into my ambush....every time. :-)

I am sure that most of you will agree that trading forex is more of an art than an exact science - we can use whatever indicators etc. on a chart to determine market direction etc. but at the end of the day there is usually an element of subjective analysis that causes one to either enter a new possible trading opportunity or not.

My current trading system has a focus on the 30 minute and 1hr charts and from what I have read in this thread and in docs from Vegas has already expanded my horizons significantly and hopefully this will have a positive bearing in future on my own subjective analysis of future trade opportunities.

I have learnt to use a "weight of evidence" approach to making the final call before taking or exiting a trade - almost like trying to convince a jury that there is enough evidence to convict the accused...

Regardless of what Vegas system you might trade - 1hr, 4hr or daily there is still a requirement to make the correct call on market direction. To this end I would like to offer a small but often powerful piece of "evidence" that may help you with trend determination...it is called "the no-touch" bar/candle.

Discovered by Bunnygirl (creator of the Bunnygirl Cross System) the no-touch bar is used to identify possible trend reversals and can be seen on any timeframe.

Setup:
Put a 5 weighted moving average - close (5WMA) on any timeframe. Notice that usually the 5WMA touches every bar/candle except after a significant move long/short. In situations where price moves strongly in one direction and a doji or inverted hammer is formed that is NOT touched by the WMA5 this is often a strong signal that the trend is about to reverse.

I have provided a snapshot of the current cable daily chart and I have highlighted examples of the no-touch candle....hopefully this will help you with your weight of evidence for determining trend direction.

If you have questions please let me know..

Thanks.
Attached Image
  • #509
  • Aug 19, 2006 10:09am Aug 19, 2006 10:09am
Quoting fxjourney
Greetings all

If you have questions please let me know..

Thanks.
Wecome FXJ and thanks for a great first post, any info is good and if the rest of your posts are like this you'll be a valuable member.
Peter
  • #510
  • Aug 19, 2006 6:59pm Aug 19, 2006 6:59pm
Sorry if this question have already been asked.

Can we apply same rules to Vegas H1 indicator as to VegasCurrency Daily indicator?
I mean different models (1-4) to different currency?

Thank you.
  • #511
  • Aug 21, 2006 3:54am Aug 21, 2006 3:54am
hi guys! i have a question on entering late. i'm not sure if this was already asked before, but anyway, here goes.

in the vegas 4-hour method, for example, in a weekly bull market where we are looking to long the currency, we enter when the 8 SMA bottoms out and starts to increase.

but what if we enter late, meaning, the 8 sma already bottomed out a few 4-hour bars ago but we still want to place a buy order (since the weekly momentum tells us that it makes sense to go long). is this entry still effective or should i just swallow my pride and admit that i missed that good entry?

it's just that when i'm not available to check my charts every 4 hours, but then find out that a good entry could have been made, i feel that i missed out on a good trade to ride on.

on the other hand, i feel that i could easily justify the late entry by the fact that the trade was in accordance with the weekly momentum, meaning, the long entry is still a high probability trade - the kind of trades we look for.

what do you guys think?
  • #512
  • Aug 21, 2006 5:57am Aug 21, 2006 5:57am
Quoting magicwords
hi guys! i have a question on entering late. i'm not sure if this was already asked before, but anyway, here goes.

in the vegas 4-hour method, for example, in a weekly bull market where we are looking to long the currency, we enter when the 8 SMA bottoms out and starts to increase.

but what if we enter late, meaning, the 8 sma already bottomed out a few 4-hour bars ago but we still want to place a buy order (since the weekly momentum tells us that it makes sense to go long). is this entry still effective or should i just swallow my pride and admit that i missed that good entry?

it's just that when i'm not available to check my charts every 4 hours, but then find out that a good entry could have been made, i feel that i missed out on a good trade to ride on.

on the other hand, i feel that i could easily justify the late entry by the fact that the trade was in accordance with the weekly momentum, meaning, the long entry is still a high probability trade - the kind of trades we look for.

what do you guys think?
If you have to enter late, then don't enter. Count it as a missed trade.

You don't have to be at your computer to enter a 4 hour trade. Search this thread for posts by me. As I recall, one of the posts details the entry method I use using a combination of what I call the "Neutral Line" and setting Buy/Sell Stop entry orders to enter the trade automatically.

Dial
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  • #513
  • Aug 21, 2006 9:56am Aug 21, 2006 9:56am
That is great advice and something I learned thru experience when I first started trading the 4hr tunnel.

Not trading is sometimes the best filter there is .


Quoting diallist
If you have to enter late, then don't enter. Count it as a missed trade.

You don't have to be at your computer to enter a 4 hour trade. Search this thread for posts by me. As I recall, one of the posts details the entry method I use using a combination of what I call the "Neutral Line" and setting Buy/Sell Stop entry orders to enter the trade automatically.

Dial
  • #514
  • Aug 22, 2006 1:03pm Aug 22, 2006 1:03pm
oh diallist, i searched the threat but didnt find it. i dont know, could tell us again about settings stop orders, or post the exact reply?
Thank you
-mike

btw: is the current version of v4h much different to the knife-strategy?
I join the james16group, but i dont know, if the knife strategy brings as much pips i need for the monthly fee.
I'm getting there ... slowly
  • #515
  • Aug 22, 2006 3:56pm Aug 22, 2006 3:56pm
Quoting miketoll
oh diallist, i searched the threat but didnt find it. i dont know, could tell us again about settings stop orders, or post the exact reply?
Thank you
-mike

btw: is the current version of v4h much different to the knife-strategy?
I join the james16group, but i dont know, if the knife strategy brings as much pips i need for the monthly fee.
Hmmm, well, I thought it was in this thread. Let me see if I can find that post and I'll post the link here.


You asked if the Knife is very much different from the Vegas 4 hour tunnel.


Until recently they were almost identical except for the four changes Team Aphid and I had made.

But, I have announced in the PF that I am dropping the original Weekly Momentum Trend indicator entirely. :surprised In it's place will be the GMMA on at least two time frames; PLUS another custom indicator from Team Aphid. This new indicator is so versatile, that I have it on all my charts.

I have found this new combination far easier to use to determine trade direction. I am currently putting together a tutorial in the PF on the use of this new indicator combination.

Also, I'm testing the new Team Aphid indicator for POSSIBLE use in entering counter-trend trades with reduced risk. This is not in the original V4 at all. Since counter-trend trading is riskier, I don't recommend it for new or novice traders.

I'm also considering modifying or dropping entirely, the 50 pip rule.

This is a radical departure from the original V4 and makes the Knife a separate system in its own right.

Okay, what about the difference between the V4 documentation and the Knife's documentation and support?

V4 =
A 13 page text document.

Knife =
A highly graphical tutorial containing detailed descriptions of every aspect of the system; A support thread with over 1200 posts; One-on-one support via email, PM, phone or Skype.

Please remember this: the Knife is only a sideline in the PF. Jim's and Douglas' section are the meat and potatoes. My section of the PF is that tiny little sprig of parsley on the side of the plate.

If my section were gone today, the PF would still be worth more than $129.

Folks, PUH-LEEEZE, if anyone is considering joining the PF, then do it for Jims price action analysis and/or Douglas' psychology and money management and "other ways I make money" section. Don't do it just for my section.

Thanks

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #516
  • Aug 22, 2006 6:17pm Aug 22, 2006 6:17pm
Quoting diallist
............... cut ..............
Please remember this: the Knife is only a sideline in the PF. Jim's and Douglas' section are the meat and potatoes. My section of the PF is that tiny little sprig of parsley on the side of the plate.

If my section were gone today, the PF would still be worth more than $129.

Folks, PUH-LEEEZE, if anyone is considering joining the PF, then do it for Jims price action analysis and/or Douglas' psychology and money management and "other ways I make money" section. Don't do it just for my section.

Thanks

Dial
Dial,
I have been feasting heartily on the "meat and potatoes" in the PF for the last month, and benefiting beyond description...... and indeed it has been a full time job going through all the material by Jim and Fiji. But dude.....really....from what I have perused in your section, all I see is another big slab of juicy steak! I know parsley, and that ain't it!

-Jon
  • #517
  • Aug 23, 2006 3:11am Aug 23, 2006 3:11am
Quoting diallist
This is a radical departure from the original V4 and makes the Knife a separate system in its own right.

Okay, what about the difference between the V4 documentation and the Knife's documentation and support?

V4 =
A 13 page text document.

Knife =
A highly graphical tutorial containing detailed descriptions of every aspect of the system; A support thread with over 1200 posts; One-on-one support via email, PM, phone or Skype.
Hi Dial

Clearly there is little to compare between the Knife and the traditional V4. I would be very interested to get your feedback on your experiences with the success rate of the Knife, how long have you traded it live and what sort of win/loss ratio, profit and drawdowns have you experienced?

Many thanks
  • #518
  • Aug 23, 2006 4:02am Aug 23, 2006 4:02am
Quoting fxjourney
Hi Dial

Clearly there is little to compare between the Knife and the traditional V4. I would be very interested to get your feedback on your experiences with the success rate of the Knife, how long have you traded it live and what sort of win/loss ratio, profit and drawdowns have you experienced?

Many thanks
Fxjourney,

I have posted a thread in this niche forum that has backtests for two months for the 4h method. I might add some more when I find the spare time. The knife is at least as profitable in the original adaption/the 4h based version, if not better if the GMMA and other additions work out.
By the way Diallist, I am sorry if I have offended you in my last mail, it wasn't directed against you per se, it was me trying to reason with myself more than anything.
As for the Guppys, look out for the "bubbles" on the small/short term GMMA, the fastest EMA on it, it tends to "bubble" as can be seen on your E/J example and when that happens a rubberband-like bounce back usually occurs next. This might be usefull as some sort of headsup for entry/exit help? Just wanted to mention it


Vegas also has worst case scenario statistics for the 4h method in the 13 page document mentioned which can be found in another thread in this niche forum. Hope this helps

Good luck with trading!



-----
no losses say the bosses
only profits make me gay (the "happy" one, you silly willies!)
trade with knife and diallist and cool folks like heavyJ
but for truest satisfaction
try james trading on price action ;D
and if you ever do get edgy and your tummy's feeling squishy
remember what you read from fiji =)
Trust price. Know yourself.
  • #519
  • Aug 24, 2006 1:11am Aug 24, 2006 1:11am
Quoting SeekingLight
Fxjourney,

I have posted a thread in this niche forum that has backtests for two months for the 4h method. I might add some more when I find the spare time. The knife is at least as profitable in the original adaption/the 4h based version, if not better if the GMMA and other additions work out.

Vegas also has worst case scenario statistics for the 4h method in the 13 page document mentioned which can be found in another thread in this niche forum.
Thank you SeekingLight. I am aware of the stats provided by Vegas in his document - am very interested to compare the Knife results so hence my question earlier.
  • #520
  • Aug 24, 2006 1:56am Aug 24, 2006 1:56am
Hi guys,
I'd like tu put the 1 hr Vegas tunnel formula in metastock.I've already red the document but the values I have are not like those I have in the mt4 platform.Is this the formuma?:

median price between 144 and 169 EMAs and then add and substract 34,55,89,144 pips....Is it ok?


Canados
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