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-   -   Jaydog's Vages/Tlatomi Trades and discussion (https://www.forexfactory.com/showthread.php?t=9544)

jaydog777 Oct 27, 2006 7:52am | Post# 1

Jaydog's Vages/Tlatomi Trades and discussion
 
3 Attachment(s)
Hello all,

This is my new Trading Journal. I had one before but I wanted to incorporate Tlatomi trading with Vages' VWB so this is it.

I like Tlatomi because it is a much more active trading system, I will still be trading VWB (Vegas Wealth Builder) but while I wait for VWB trades to develope I will trade the Tlatomi system.

Attached is all files and indi's I use.

for all Vegas info go to:
www.tunneltrading.com

for candlestick reversal paterns go to:
http://stockcharts.com/education/Ch...ndlesticks.html

also you should download the software at www.napstex.com - lets us trade together pretty cool check it out.

If your not using metatrader 4 ... you should try it... get the never ending demo here: http://www.strategybuilderfx.com



tlatomi.pdf
FX_Sniper's_Ergodic_CCI_Trigger.mq4
NonLagMA_v4.mq4

jaydog777 Oct 27, 2006 7:53am | Post# 2

2 Attachment(s)
More indi's
SHI_SilverTrendSig.mq4
Vegas Currency Daily.mq4

jaydog777 Oct 27, 2006 8:13am | Post# 3

Aud/Usd
 
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The Australian dollar gained marginal ground vis--vis the U.S. dollar today as the Aussie tested offers around the US$ 0.7635 level and was supported around the $0.7605 level. Australian dollar bids are cited around the US$ 0.7570 level.


Still targeting around .7675/90 for the Vegas short position for the long ride down ... today might be the day we hit the entery lvl for this trade


No open Vages positions at this time.
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jaydog777 Oct 27, 2006 9:17am | Post# 4

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wow ...eventfull morning

AUD/USD and GBP/USD now close enough to extrem fib lvls 144 and 233 respectivly as per Vages Wealth Builder.

Now actively looking for Vagas entry point on 1 & 4 hour charts...
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jammymark Oct 27, 2006 9:25am | Post# 5

Jay, have the H1 and H4 and read at tunneltrading.com, but what exactly are you looking for your entry point now? Yes, eventful with the AUD and GBP...

jaydog777 Oct 27, 2006 9:30am | Post# 6

Jay, have the H1 and H4 and read at tunneltrading.com, but what exactly are you looking for your entry point now? Yes, eventful with the AUD and GBP...
candlestick reversal paterns..... check out the link if you need education:

http://stockcharts.com/education/Cha...dlesticks.html

jaydog777 Oct 27, 2006 9:49am | Post# 7

Tlatomi position opened
 
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Tlatomi positions opened:

short eur/jpy @ 150.16 SL:150.46 Target:open
long gbp/chf @ 2.3711 SL:2.3670 Target:open
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jaydog777 Oct 27, 2006 5:50pm | Post# 8

Tlatomi positions opened:

short eur/jpy @ 150.16 SL:150.46 Target:open
long gbp/chf @ 2.3711 SL:2.3670 Target:open
long gbp/chf @ 2.3711 SL:2.3670 Target:open - STOPLOSS HIT

PIPS to date = -41

mbqb11 Oct 27, 2006 5:57pm | Post# 9

Hey Jaydog,

Just wanted to make a suggestion. I see you are using different model # then vegas suggests. For example you use model #1 on the GBP. But being a very volatile pair vegas uses model number 4. If you go to his website and track record it says the number he uses for each pair. This will keep you out of a lot of falses on the daily.

Best of luck,
Mike

jaydog777 Oct 28, 2006 7:24am | Post# 10

Hey Jaydog,

Just wanted to make a suggestion. I see you are using different model # then vegas suggests. For example you use model #1 on the GBP. But being a very volatile pair vegas uses model number 4. If you go to his website and track record it says the number he uses for each pair. This will keep you out of a lot of falses on the daily.

Best of luck,
Mike
hey mike,

thanks for the tip .... i used to have the right model #s on there ... must not have put it back right when i reloaded my charts ... thanks

jaydog777 Oct 29, 2006 10:02pm | Post# 11

Positions update
 
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{Wide table deleted - Please keep tables below 600 wide}

Tlatomi position Closed:
short eur/jpy @ 150.16 SL:150.46 Target:open - Closed Position
+86 pips woohoo


Vegas position opened:
we have reached the 233 fib lvl on the daily chart and Divergence has been spotted on the 1 hour chart..... this is a reversal signal.


Tlatomi position opened:
getting early signals on the 4h .... MACD divergence on the 1h for conformation.... this is a riskyer trade but lets gamble a bit
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jammymark Oct 30, 2006 12:28am | Post# 12

Jay, what is tlatomi?

chantspel Oct 30, 2006 12:47am | Post# 13


Vegas position opened:
we have reached the 233 fib lvl on the daily chart and Divergence has been spotted on the 1 hour chart..... this is a reversal signal.
Just curious what currency pair is that on?

mandoaddam Oct 30, 2006 2:54am | Post# 14

I think he mean by 23.3 % for fipo

clam61 Oct 30, 2006 4:34am | Post# 15

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audusd hit the upper fib line. looking to short.
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clam61 Oct 30, 2006 4:36am | Post# 16

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tweezer top on a 4hr chart. looks good to me! entered 1.5 lots at .7680, with a stop loss at .7704.

risking about 1%

the CPI #s in a few hours could go against me, so im setting stop to BE once im in a profit
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jaydog777 Oct 30, 2006 6:24am | Post# 17

I think he mean by 23.3 % for fipo
no i ment 233 lvl

jaydog777 Oct 30, 2006 6:26am | Post# 18

Just curious what currency pair is that on?
gbp/usd

jaydog777 Oct 30, 2006 6:54am | Post# 19

Positions update
 
tweezer top on a 4hr chart. looks good to me! entered 1.5 lots at .7680, with a stop loss at .7704.

risking about 1%

the CPI #s in a few hours could go against me, so im setting stop to BE once im in a profit
{Wide table deleted}

looks good to me to:
Veags Position opened:
aud/usd has reached the 144 fib line and showed reversal signals.

jaydog777 Oct 30, 2006 7:39am | Post# 20

Positions update
 
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{Wide table deleted}

Vegas Position Closed:

rrrrrrrrrrrrrrrr....gbp/usd looks like a higher number is in store for this pair .... will try a short again at1.9050 - 1.91 area manual stoped for -75pips

Tlatomi Position Opened:
longed usd/cad on tlatomi & Mouteki indi's
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chantspel Oct 30, 2006 11:24am | Post# 21

Vegas Position Closed:
rrrrrrrrrrrrrrrr....gbp/usd looks like a higher number is in store for this pair .... will try a short again at1.9050 - 1.91 area manual stoped for -75pips
Just my opinion but you might want to wait for a reversal signal on the daily, cable could keep going up and you be getting stopped out continuouly.

jaydog777 Oct 30, 2006 3:10pm | Post# 22

Positions update
 
{wide table deleted}


Tlatomi Position closed:
usd/cad position closed + 38 pips woohoo!!

jaydog777 Oct 30, 2006 3:13pm | Post# 23

Just my opinion but you might want to wait for a reversal signal on the daily, cable could keep going up and you be getting stopped out continuouly.
thanks for the input ....

jaydog777 Oct 31, 2006 5:07am | Post# 24

Positions update
 
{Wide table deleted - you're welcome to repost the tables if the size is under 600 pixels wide}

clam61 Oct 31, 2006 9:45am | Post# 25

id be careful opening so many USD positions. they generally move in the same direction so you will win/lose all. this means you might be risking a lot of your capital on USD

jammymark Oct 31, 2006 11:03am | Post# 26

Jaydog,

Think that you add the 5/13/62 H1 system or model to your trading log or in identifying the shorter-term trades v. daily vegas, or to help, e.g. gbp this morning at 6am eastern retracing to 1.8960 or 62 level before big move up...

jaydog777 Oct 31, 2006 11:55am | Post# 27

man.....

everyone of my positions got stopped out ...big losses today

i am at work at the moment will post my position update later on .... time to sit back and rethink my stratagy....

any recomendations??

i have just been using stop's on my orders ...maybe i should start using stop reversals?

comments?

grillbritt Oct 31, 2006 12:12pm | Post# 28

Yes today was no good day... My USD/JPY tlatomi position got stopped out... but there will be better days!

jammymark Oct 31, 2006 4:16pm | Post# 29

Jay, as I said b4, I recommend that you use vegas daily but wait for the reversal candle on the gbpusd, as we have not see one as yet, and use the H1 5/13/62 EMA as on a shorter time frame, this morning with the gbp @1.8960 and higher, was still telling to long the currency v. shorting it... I suggest waiting for a reversal as well as a cross over from Nort to South to pinpoint entry level....

jaydog777 Oct 31, 2006 4:39pm | Post# 30

Jay, as I said b4, I recommend that you use vegas daily but wait for the reversal candle on the gbpusd, as we have not see one as yet, and use the H1 5/13/62 EMA as on a shorter time frame, this morning with the gbp @1.8960 and higher, was still telling to long the currency v. shorting it... I suggest waiting for a reversal as well as a cross over from Nort to South to pinpoint entry level....
good call jammy .... please post your trades when you make them .... i saw divergence on the 1h chart so i took a stab

zoopy Oct 31, 2006 5:04pm | Post# 31

Jay, what you could also do to limit your losses is to scale in gradually. I too took a trade on cable and the aussie but with 1 lot only. I use the 1 lot as a "pawn" or "guinea pig" to test the waters first. Once I'm into 20-30 pips profit, I will add my 2nd and 3rd lots in and my 1st lot the stop gets moved to breakeven.

clam61 Oct 31, 2006 5:58pm | Post# 32

good call jammy .... please post your trades when you make them .... i saw divergence on the 1h chart so i took a stab
hey jaydog

those divergence trades on GBPUSD and AUDUSD did work, i.e. the divergence did lead to a dip in prices, but because of news or whatever reason they were only temporary. thats why i only took a small position and i set my stop to BE as soon as i could.

i made a small profit on AUD, and got breakeven on GBP.

setting to BE stinks sometimes, as you can often miss out on trades. but as i have learned, itsa lot better to miss a trade than to lose money. as vegas says, missed trades cost you opportunity, but there are an infinite # of opportunities. losing trades cost you capital, which is defintiely not infinite.

i dont know how much money you have in your account, but your losses should never be big. remember, you should never risk more than 2% in your account. i often risk .5%, 1%. sometimes 2% if its a good trade.

when you decide to enter a trade, pick a logical stopping point, i.e. the last swing high/low, or some resistance point. from then, calculate how many pips this potential loss would lead to. from then, get a position size so that it reflects at most 2% of your account.

now 2% seems crappy, but this doesnt mean that your gains can only be 2%...and even if you do get 2% that is a decent profit. id rather make 2% consistently than have huge swings in my account. the point of the 2% rule is so that you can have 150 consecutive losses and stil have 50% of your account left. if you risk 5-10% or more, you have significantly less buffer.

jaydog777 Oct 31, 2006 6:52pm | Post# 33

hey jaydog

those divergence trades on GBPUSD and AUDUSD did work, i.e. the divergence did lead to a dip in prices, but because of news or whatever reason they were only temporary. thats why i only took a small position and i set my stop to BE as soon as i could.

i made a small profit on AUD, and got breakeven on GBP.

setting to BE stinks sometimes, as you can often miss out on trades. but as i have learned, itsa lot better to miss a trade than to lose money. as vegas says, missed trades cost you opportunity, but there are an infinite # of opportunities. losing trades cost you capital, which is defintiely not infinite.

i dont know how much money you have in your account, but your losses should never be big. remember, you should never risk more than 2% in your account. i often risk .5%, 1%. sometimes 2% if its a good trade.

when you decide to enter a trade, pick a logical stopping point, i.e. the last swing high/low, or some resistance point. from then, calculate how many pips this potential loss would lead to. from then, get a position size so that it reflects at most 2% of your account.

now 2% seems crappy, but this doesnt mean that your gains can only be 2%...and even if you do get 2% that is a decent profit. id rather make 2% consistently than have huge swings in my account. the point of the 2% rule is so that you can have 150 consecutive losses and stil have 50% of your account left. if you risk 5-10% or more, you have significantly less buffer.
thanks alot for the tips .... i will re-evaluate my strat.

at 1 point i was winning most of those trades untill the big rally ... i should have moved my stops up ... lesson learned.

jaydog777 Oct 31, 2006 7:37pm | Post# 34

Positions update
 
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Ouch! .....

Lessons learned:

1. only have a max of %2- %5 of my equity in open positions at any given time.
2. trend trade - i will only be opening Tlatomi positions with the current trend.
3. scale in and out of trades even with fractions of lots
4. move up stops to secure profits
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clam61 Nov 1, 2006 3:29am | Post# 35

Jay, as I said b4, I recommend that you use vegas daily but wait for the reversal candle on the gbpusd, as we have not see one as yet, and use the H1 5/13/62 EMA as on a shorter time frame, this morning with the gbp @1.8960 and higher, was still telling to long the currency v. shorting it... I suggest waiting for a reversal as well as a cross over from Nort to South to pinpoint entry level....
if you only use candles (and no indicators) i recommend not just looking for a reversal candle, but also looking for the thrust that vegas mentions by using the 1hr charts. often things can retrace to create a doji, hammer, etc. but w/o the thrust, its not as reliable by itself

jaydog777 Nov 1, 2006 5:43am | Post# 36

Positions update
 
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Tlatomi position opened:
-Mouteki & Tlatomi indi's are a go
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jaydog777 Nov 1, 2006 8:30am | Post# 37

{table deleted. Please repost as 600 wide max}

Tlatomi position opened:
-Mouteki & Tlatomi indi's are a go
added 2 more lots @ 1.1320 SL @ 1.1300
moved 1st lots SL to BE @ 1.1304

clam61 Nov 1, 2006 10:38am | Post# 38

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this quick rejection of the bull run might be the "thrust" we are looking for...
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chantspel Nov 1, 2006 10:47am | Post# 39

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Possible spinning top forming on cable here... potential short for VWB
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zoopy Nov 1, 2006 10:53am | Post# 40

I noticed that reversal candlestick too. Take a look at the AUD/USD pair as well. It's also forming a possible spinning top.


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