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Lost in the Tunnel...

  • #521
  • Aug 24, 2006 6:32am Aug 24, 2006 6:32am
Quoting canados
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
Don't think the "34" is needed.
  • #522
  • Aug 24, 2006 10:06am Aug 24, 2006 10:06am
Quoting baddison
Don't think the "34" is needed.
I red that the "34" is used in risk model 1.
Is the calculation I described right?

Canados
  • #523
  • Aug 25, 2006 5:38am Aug 25, 2006 5:38am
In a very slow or range bound market, lower fib #'s for profit taking are perfectly acceptable to use. It all depends on the level of risk you wish to take.



Quoting canados
I red that the "34" is used in risk model 1.
Is the calculation I described right?

Canados
  • #524
  • Aug 26, 2006 7:04pm Aug 26, 2006 7:04pm
Hi,

Here's indicator I made to show those no touch candles mentioned by FXjourney. Its a rough one tho.
Attached File(s)
File Type: mq4 No Touch.mq4   3 KB | 817 downloads
  • #525
  • Edited 2:26am Aug 27, 2006 12:55am | Edited 2:26am
hi sir dial!

is the gmma indicator taught in the knife system or is it also available to those just following the vegas 4-hour method?

thanks!
  • #526
  • Aug 27, 2006 2:38am Aug 27, 2006 2:38am
Quoting magicwords
hi sir dial!

is the gmma indicator taught in the knife system or is it also available to those just following the vegas 4-hour method?

thanks!
Hi magicwords,

I'm requoting Dial in order to answer your question.
Quoting diallist
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.
So as to your question :

is the gmma indicator taught in the knife system or is it also available to those just following the vegas 4-hour method?

Based on the above quote, the gmma indicator will be taught together with the knife system. However, currently, the tutorial is under construction.

But if you want to learn about GMMA now, I suggest you checking out this thread first:
http://www.forexfactory.com/forexfor...highlight=GMMA

Also, I'm requoting this one just in case someone doesn't take it seriously:
Quoting diallist
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.
Hope this helps.

East
  • #527
  • Aug 27, 2006 8:32am Aug 27, 2006 8:32am
Quoting magicwords
hi sir dial!

is the gmma indicator taught in the knife system or is it also available to those just following the vegas 4-hour method?

thanks!
The Guppy Multiple Moving Average is freely available. Just Google it for lots of info on it. Try the key words "GMMA", "Guppy Multiple Moving Average" & "Daryl Guppy".

I also recommend Daryl's book "Trend Trading" which gives a detailed treatment of the GMMA.

I use the GMMA along with a proprietary indicator in the PF.

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #528
  • Aug 27, 2006 8:55am Aug 27, 2006 8:55am
Quoting JonnyD
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
Thanks Jon! You just made my day!
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #529
  • Sep 4, 2006 1:46pm Sep 4, 2006 1:46pm
i am currently trying the Vegas 4 hour , and i have plotted the FFtunnel chart ,you know the one that shows the weekly momentum with either up or down , This is really frustrating because the indicator when i refresh the chart show up on the weekly direction , and other times shows down how reliable is it , currently i am considering shorting the AUD on the 4 hour chart not because of the Vegas 4 hour rule . There is a pin bar formation , and the weekly trend direction was down so for me that was good conformation to take the AUD short , Then i refreshed the chart and the weekly direction was up.. Does anyone out there have the same thing happen to them ?????
  • #530
  • Sep 4, 2006 2:58pm Sep 4, 2006 2:58pm
Quoting vinn234
i am currently trying the Vegas 4 hour , and i have plotted the FFtunnel chart ,you know the one that shows the weekly momentum with either up or down , This is really frustrating because the indicator when i refresh the chart show up on the weekly direction , and other times shows down how reliable is it , currently i am considering shorting the AUD on the 4 hour chart not because of the Vegas 4 hour rule . There is a pin bar formation , and the weekly trend direction was down so for me that was good conformation to take the AUD short , Then i refreshed the chart and the weekly direction was up.. Does anyone out there have the same thing happen to them ?????
Hi vinn
It may be a difference in our data feeds, but if you're talking about the 4-hr chart I don't see a good pin bar.
Ideally the open & close of the pin should be within the body of the preceding bar. On my chart that bar (pin) opened and closed above the previous bar.
I can't advise you how to play this, as you must make your own decisions, but I would suggest 'if in doubt - stay out'.
There will be another along sometime.
Peter
  • #531
  • Sep 4, 2006 4:02pm Sep 4, 2006 4:02pm
Hi vinn234,

if you want my take, I don't think 4h or 1h TF are a good guess for price action setups unless you get a really really clear and perfect looking thing or have a lot of other signs helping things along.
Also remember, as you scale down timeframes, so do you scale down the amount of pips. (Eur/Jpy made a pin bar on 1h for example and price so far has exceeded it for all of a "whopping" 25 pips, but I've seen less reaction. Of course, since it coincided with a fib area just underneath it, it could be a good starting point. But that's no longer the pin alone then, is it?)

As for AUDUSD, I believe we are currently taking another run at the resistance that kept price in it's range before, and I feel euro and cable are doing the same as well soon. Looking at daily it has been making bullish bars and so far I don't see a clear sign of reversal on my chart. I'd either go by former resistance or fib clusters and then look for signs of reversal near there via either price action or using simple systems like MACD or similiar crosses, if large/significant/clear enough.

My 4h on my timezone (GMT+2) doesn't have a significant pin. Attached a gif which shows 2 possible but badly made pins.
Attached Image
Trust price. Know yourself.
  • #532
  • Sep 5, 2006 1:56am Sep 5, 2006 1:56am
Quoting PeterFM
Hi vinn
It may be a difference in our data feeds, but if you're talking about the 4-hr chart I don't see a good pin bar.
Ideally the open & close of the pin should be within the body of the preceding bar. On my chart that bar (pin) opened and closed above the previous bar.
I can't advise you how to play this, as you must make your own decisions, but I would suggest 'if in doubt - stay out'.
There will be another along sometime.
Peter
Peter thanks for the reply, i thought that the pin set up had noting to do with the preceding bar i took a short trade on a retracement up @.7710 and currently price is @ .7686 ,i wish you could be more specific in the pin bar formation thanks much

vinny
  • #533
  • Sep 5, 2006 1:59am Sep 5, 2006 1:59am
Quoting SeekingLight
Hi vinn234,

if you want my take, I don't think 4h or 1h TF are a good guess for price action setups unless you get a really really clear and perfect looking thing or have a lot of other signs helping things along.
Also remember, as you scale down timeframes, so do you scale down the amount of pips. (Eur/Jpy made a pin bar on 1h for example and price so far has exceeded it for all of a "whopping" 25 pips, but I've seen less reaction. Of course, since it coincided with a fib area just underneath it, it could be a good starting point. But that's no longer the pin alone then, is it?)

As for AUDUSD, I believe we are currently taking another run at the resistance that kept price in it's range before, and I feel euro and cable are doing the same as well soon. Looking at daily it has been making bullish bars and so far I don't see a clear sign of reversal on my chart. I'd either go by former resistance or fib clusters and then look for signs of reversal near there via either price action or using simple systems like MACD or similiar crosses, if large/significant/clear enough.

My 4h on my timezone (GMT+2) doesn't have a significant pin. Attached a gif which shows 2 possible but badly made pins.
hey SH then how big should the pin bar be is there a criteria that should be followed

thanks V
  • #534
  • Edited 4:42am Sep 5, 2006 2:34am | Edited 4:42am
Quoting vinn234
Peter thanks for the reply, i thought that the pin set up had noting to do with the preceding bar i took a short trade on a retracement up @.7710 and currently price is @ .7686 ,i wish you could be more specific in the pin bar formation thanks much

vinny
If you do a search on the forum you'll find lots of posts, but the best place to start is http://www.forexfactory.com/forexfor...ead.php?t=2331

There's a quick look at a way to approach pin trading here http://www.forexfactory.com/forexfor...6448#post86448

The thing to remember is:
(1) Weekly pin has more significance than Daily..
(2) Daily pin has more significance than 4-hourly..
(3) 4-hourly pin has more significance than Hourly..
(4) & so on

But the best pins have their Open & Close INSIDE the previous bar.

Peter
  • #535
  • Sep 5, 2006 3:40am Sep 5, 2006 3:40am
http://www.forexfactory.com/forexfor...ead.php?t=6721

Has two great PDFs and pictures included.

Also I believe Peter meant to say 4h is more important than HOURLY. Safest pins are from daily or bigger, but 4h can also give some good ones IF they have a long nose in comparison to the body and the open/close isn't too freakish I guess.
Also the open/close being inside the previous bar range is a must imho.

I posted a gold chart which shows some good pins that really are making the race currently and it helps when they are right on support levels. LOOK OUT WHEN THE SETUP IS NEAR S/R AND FIBS! Could be your pin breaks, hits a resistance 5 pips later and totally reverses on you...best spot as always is extremes, see that gold example...

Best of luck!

Quoting PeterFM

The thing to remember is:
(1) Weekly pin has more significance than Daily..
(2) Daily pin has more significance than 4-hourly..
(3) 4-hourly pin has more significance than Daily..
(4) & so on

But the best pins have their Open & Close INSIDE the previous bar.

Peter
Trust price. Know yourself.
  • #536
  • Sep 5, 2006 4:43am Sep 5, 2006 4:43am
Quoting SeekingLight
Also I believe Peter meant to say 4h is more important than HOURLY.
Well spotted SL, can you believe I read that at least twice before I posted?
Peter
  • #537
  • Sep 6, 2006 4:11am Sep 6, 2006 4:11am
Quoting SeekingLight
http://www.forexfactory.com/forexfor...ead.php?t=6721

Has two great PDFs and pictures included.

Also I believe Peter meant to say 4h is more important than HOURLY. Safest pins are from daily or bigger, but 4h can also give some good ones IF they have a long nose in comparison to the body and the open/close isn't too freakish I guess.
Also the open/close being inside the previous bar range is a must imho.

I posted a gold chart which shows some good pins that really are making the race currently and it helps when they are right on support levels. LOOK OUT WHEN THE SETUP IS NEAR S/R AND FIBS! Could be your pin breaks, hits a resistance 5 pips later and totally reverses on you...best spot as always is extremes, see that gold example...

Best of luck!
Thanks guys appreciate the support !!!!!

Vinny
  • #538
  • Sep 7, 2006 3:49am Sep 7, 2006 3:49am
Hey all, I just started using the FF tunnel chart, how do i trade with that indicator? what can the dotted lines do? Is it helpful?
  • #539
  • Sep 15, 2006 5:58am Sep 15, 2006 5:58am
Quoting platerina
Hey all, I just started using the FF tunnel chart, how do i trade with that indicator? what can the dotted lines do? Is it helpful?
The dotted lines are fib levels (distances in pips from SMA55) and are used for booking the profit. Well that’s short explanation, you should better read the whole thread, for understanding some moments.

Hope this can help:


http://img150.imageshack.us/img150/3...raudzh0.th.jpg

I also want to thank Dial, Vegas and all who contributed in development of this system/model. Great job!!! But I have some question to Dial: I have noticed that FF-tunnel don’t always shows correctly weekly trend. May be you can recommend some method, of course except TA, may be some indicators. Thanks.

Alex
  • #540
  • Sep 24, 2006 6:41pm Sep 24, 2006 6:41pm
In the 4 Hour Vegas model it says in section III. The 4 Hour Momentum Tunnel Method -- Step 2. in paragraph 11 that "2) the market moves down, there is no slope change, and goes to the 144 or 233 fib number from the 55 SMA line, where 1 unit is taken off,

Question Using (MT4) Meta trader to graph out a particular currency just how do I Set my fib numbers from the 55 SMA line.

Anyone have a script for this in the 4 Hour Method??
All I ask is a chance to prove that money can't make me happy.
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