VWB docs

I have a question about this. What would be the best one of Vegas' tunnel docs desribes taking profits and letting those profits run til price is exhausted? Would it be wise to read them all or is there a more specific one that explains this better?

Hi Dad,

I hope you and your little one are doing well!

Good traders are prolific readers. Why? Because good traders have learned to read everything they can get their hands on about this business because one never know when a single concept buried in a long document might be a gem that will enhance one's trading arsenal. Something unrelated to what they were looking for in the first place.

So, should you read all three? You tell me!

Dial

P.S.
Read, read, read your books,
Gently as you trade.
Merrily, merrily, merrily, merrily,
Your profits will upgrade!

Ok Dial, I got the point. I'll get at that tonight. I have read them all. It has been a while so I am not sure which would be the best to start with. I do remember some very good ideas on how to do what I am looking for. And yes you are right, read read read.

Hey, that's the reason I am still here man. There is so much on this forum to read and once it is all read, go back and read it again.

My daughter and I are doing great. Life seeme to be getting better. Actually way better. And there is only one person/being to thank for that.

In the 1 hr doc, Vegas talks about ignoring the news except for NFP. What does that mean? I understand that no new trades are opened at news time. Trades are monitored normally during news. Now Vegas says except NFP. Does that mean if a signal is produced at NFP, a trades is taken? Or are stops adjusted differantly at NFP? I take it as Vegas would open a trade at this time but, I just don't quite understand exactly what he is saying. Any help would be appreciated.

Quote:

So: The only time YOU DO NOT TRADE/ENTER A TRADE IS ON A DAY WITH NFP. If you ask me, you should also skip BOE announcements and FOMC...but that's just my 2 cents.


Any other time, use the tunnel as described. Please note that the 1 hour method was replaced/superceded by the 4 hour method which was supposed to reduce the chopping around the tunnel problem, but has some pitfalls of its own lately....I've also made a thread with some backtests on the 4h in the Vegas/niche forum....