Hello,
I am new to trading forex and new to the Factory (first post). I have read through many posts including the beginners section for a few months now. I have a demo account, using MT4, and have downloaded and read through all the Vegas documents from the 1HR to 4HR, as well as VWB 1 and 2, and have installed all the indicators for MT4.
Here's my question on the 4 HR tunnel method....
If I'm doing this right, I have identified that since about the last week in August, we are in a slight down trend (looking at the weekly charts on GBP with the 21 EMA and 5 SMA as my guide).
Now, I turn to the the 4 hour chart for the GBP and I am looking to "go short ONLY???" after the 8 SMA crosses higher through the 55 SMA and then starts to slopes negative?
But wouldn't I be missing a lot of bull runs? As an example, just this week from the 24th to today (Friday) there was a tremendous move up in the slope of the 8 SMA. Shouldn't I have been long the GBP as soon as the slope changed (even though it would be violating the whole jist of the method and what the weekly was indicating)?
There is one sentence in Vegas' document that says "There will be times when the slope will change and the 8 SMA will not be above/below the 55 SMA, and we will use only 1 1/2 units..."
Is this last sentence the answer to my question? I'm not sure, so if anyone who understands the 4 hour tunnel could help me out I would be very grateful.
And BTW, this forum is terrific and thanks to all of you who run and contribute.
I am new to trading forex and new to the Factory (first post). I have read through many posts including the beginners section for a few months now. I have a demo account, using MT4, and have downloaded and read through all the Vegas documents from the 1HR to 4HR, as well as VWB 1 and 2, and have installed all the indicators for MT4.
Here's my question on the 4 HR tunnel method....
If I'm doing this right, I have identified that since about the last week in August, we are in a slight down trend (looking at the weekly charts on GBP with the 21 EMA and 5 SMA as my guide).
Now, I turn to the the 4 hour chart for the GBP and I am looking to "go short ONLY???" after the 8 SMA crosses higher through the 55 SMA and then starts to slopes negative?
But wouldn't I be missing a lot of bull runs? As an example, just this week from the 24th to today (Friday) there was a tremendous move up in the slope of the 8 SMA. Shouldn't I have been long the GBP as soon as the slope changed (even though it would be violating the whole jist of the method and what the weekly was indicating)?
There is one sentence in Vegas' document that says "There will be times when the slope will change and the 8 SMA will not be above/below the 55 SMA, and we will use only 1 1/2 units..."
Is this last sentence the answer to my question? I'm not sure, so if anyone who understands the 4 hour tunnel could help me out I would be very grateful.
And BTW, this forum is terrific and thanks to all of you who run and contribute.