Simple & Consistent Fibbing Method

Hello folks. I just returned from cmsfx, who gives us our great vt trader platform, and I have been assured that the bugs in the new upgrade will be fixed by weeks end. If you have any problems with the platform that you previously didn't have, please inform me, and I'll relay it to our great friend Josh at cms. With that being said, let get back to printing money. :nerd:

Thank Youzzzz! Print money time!

Simone this the candle that broke the the monthly T2. I fibbed to the low of this candle and we are at T2 as of yesterday's low. Yes this is bearish, but I think we are bottoming out. I will give an analysis once I set up my charts and fibs.

http://img706.imageshack.us/img706/5230/cmcapture1.jpg

Uploaded with ImageShack.us

Great Aswilled! Have they fixed the problem as yet?

No. They are working out all the bugs. US regulations make day trading hard for the small guy. But they have to because of the up and coming bearny mattoffs. It will be though. I need for all our vt users to list all the bugs they are finding and any upgrades you feel this great platform should have.

The features you have described are still available in VT
Trader, however, they now have expanded functionality. Please allow me
to elaborate:

Re: Drawing Tools' Properties

We have changed the way that the drawing tools’ properties function.
It's important to understand how they now function and to get used to
working with the new expanded functionality.

We didn't remove the "default" properties per say (the default
properties are now those shown for the tool in the chart properties
window) and you certainly do not have to adjust the properties for each
tool each time you draw it into the chart if you want to use a different
set of 'default' properties for that tool (and future instances of that
tool).

What we did do is incorporate all of the drawing tools' properties into
the overall chart properties and chart template properties. Doing this
actually allows for much more customization of the charts and their
charting/drawing tools than what was previously available. You can
adjust tools' properties on a per chart template (which can affect one
more charts), per chart basis, and per instance of the tool in a chart
basis (i.e. each instance of each tool drawn in the chart can be
customized on its own).

I recommend taking a few moments to read the "Chart Templates" section
in VT Trader's help manual to better understand the hierarchy of chart
properties and how they are applied to a chart. I've provided a link to
the online help manual page here:

http://www.vtsystems.com/resources/h...nt_window.html

Here's how it works...

The moment you alter any object's custom (individual) properties while
it is drawn on the chart it is no longer affected by the chart
properties defaults or a chart template properties' defaults. It's
completely disassociated from the chart properties of that chart and any
chart template; its custom properties will not become part of the chart
properties or part of any chart template created based on that chart's
chart properties.

As an example, if you want to customize the Fibonacci Retracement tool,
you can right-click in an empty area of the chart and select "Chart
Properties..." from its contextual menu. From the "Chart Properties"
window you must locate the Drawing Tools section -> Fibonacci
Retracement tool. You can edit the tool's properties however you
require. Click [OK] to close the properties window. When you do this,
any Fibonacci Retracement objects currently drawn in the chart that are
not using their own customized properties will have the changes made in
the chart properties applied to them. Additionally, any new Fibonacci
Retracement objects you draw in that chart will be drawn using the
tool's properties from the chart properties. This is effectively the
same functionality as what was available when setting the 'default'
properties for a drawing tool in VT Trader's Options
window>Charting>Drawing Objects section in previous versions of VT
Trader. However, we've taken the customization one step further.

If you were to create a chart template at this time using this chart in
our example above as its basis, the properties saved in the chart
template for the Fibonacci Retracement tool would be those currently
shown in the Chart Properties window, not the properties of any
particular Fibonacci Retracement object drawn on the chart.

After drawing your Fibonacci Retracement object in the chart, to edit
the properties for just that single Fibonacci Retracement object you can
select it in the chart, right-click on it, and choose Properties from
its contextual menu. Make the changes necessary to its properties and
those properties will be applied only to that Fibonacci Retracement
object. Once you delete that object from the chart, its properties, like
the object, are removed. Any new Fibonacci Retracement objects will be
drawn using the tool's default properties in that chart's properties window.

Alternatively, you can start at the Chart Template level using the
Ribbon>Chart menu>Chart Templates group>Manage Chart Templates command
(which opens the Chart Template Properties window) and make your changes
at the chart template level. You can then apply that template to any
chart(s) you desire. If a chart has a template applied to it, the
template's properties will be used for that chart window. However, if
you open that chart's properties window and make any changes at all,
that chart immediately disassociates from the chart template that was
applied to it and begins using its own custom chart properties. This
transition is seamless and will not be noticed, however, it can be
verified by checking the chart contextual menu's Chart Template>Load
Template selection list. If no chart template is applied to the chart
there will be no check mark next to any of the template names shown in
that list.

So, in reality, you have gained a lot of additional customization and
have lost no real functionality. The only thing that has changed is that
you cannot set an individual tool's properties as the default properties
for all instances of that tool using that tool's contextual
menu>Properties window>Set as Default button. Instead, you must set that
tool's default properties using that chart's properties window or the
chart template's properties if you have a template applied to that
chart. It's slightly more complex, but it offers more customization and
more flexibility.

We chose not leave the "Set as Default" button in the properties window
of a single object drawn in the chart because if we did, the properties
of that particular of that object would be applied differently depending
on if the chart had a chart template applied to it or not when “Set as
Default” is used. For instance, if the chart did have a chart template
applied, then that object’s properties would most likely have to be
applied to the chart template and every chart using that template and
every object drawn by that particular drawing tool in all of those
charts that were not using their own custom properties would be affected
by that change. If the chart was using its own properties with no
template applied then that change would most like have to be only
applied to that chart's properties and those changes would be propagated
only to objects drawn by that drawing tool within that single chart
window. Perhaps we will consider adding back in a "Set as Default"
button for individual objects drawn in a chart window, however, in the
meantime, you haven't lost any functionality – it is just handled a bit
differently than in previous versions.


Re: Not being able to select objects/labels in the chart

The functionality of the cross hair tool has also been changed in VT
Trader 2.1.12.0. Judging by your comments, I assume you likely have the
cross hair tool enabled. If so, to select an object underneath of the
cursor's position while the cross hair tool is enabled you will need to
press and hold the ALT key while clicking the left mouse button. This
change was described in VT Trader 2.1.12.0's release notes.

However, in a future release we may choose to give clients a choice of
whether the ALT key makes object selections or makes measuring with the
cross hair tool possible. Some clients make more frequent object
selections with the cross hair enabled vs. frequently using the cross
hair's measuring functionality and vice versa so giving clients that
choice I think would be worthwhile.

umm, don't fix it if it ain't broken...but developers gotta make money by developing, I guess. I don't dig the changes yet, but maybe I will in the future?

No Vark it had nothing to do with that. CMS doesn't force people to accept upgrades. But do to regulations with the US and UK they had to force this one. If everyone list their kinks that they are experiencing, we can help them tweek it to our liking a lot faster.

Good morning peoples. Here is our Top of the Hour Report:
Looking at this monthly chart, we see (shaded rectangles) where the market have struggled to get below this level. The first rectangle occurred over ten years ago. Starting with the hanging man on 10/1/2000, and extending to the 4/1/2002 monthly candle. Then it spent almost half of 2009 trying to break these levels. So as you can see, we are at the bears golden level. However, at each attempt, the bulls aggressively push the market up over two thousands pips in a few short months. There is still some downside room for the bears to play with (along with day traders) but not much, if this golden level holds. But if the bears aggressively stomp the pound down, this will drastically devalue the GU, which I don't see the BoE allowing that to happen. Nor the US. But if the bears come on strong, we can reach 3520. If the bulls do what they do at this level, next month we should see the pound going for the 19.1 level (4976) of this last major swing fib. But right at/above that is a trendline, which the bears should make another attempt.

http://img175.imageshack.us/img175/5230/cmcapture1.jpg

Uploaded with ImageShack.us

On this weekly chart, you can see (yellow rectangle) the 800 pip room that the bears have to play with. On this yearly fib, price is making a nice hangman/dragfly doji on the 19.1 level @4170. And as you know, according to sfm rules, this is support. A break of this level should take the pound to our yearly bear targets (T1:1.2293 and T2:1.1552). But at 3497ish is support from last year's attempt to break this golden bear level. if the bulls take over, (which I expect by the looks of this) we have a tl to contend with before reaching our yearly pivot @5272. And a break of this pivot will take us to our yearly resistance level @6369. And that would give us our 2000 pip bull jump.

http://img594.imageshack.us/img594/346/cmcapture1v.jpg

Uploaded with ImageShack.us

Now this monthly fib has price at T2 (4271) once again. T2 was broken early in the month with the 5/6/10 candle shaded in the oval. As mentioned last month in thread #1070, if the bulls failed to hit there respective monthly targets, we would have the down move we are presently experiencing this month. If we continue to move down (which I doubt) we should hit our next bear targets @3793 and 3523, respectively. But before that will happen, I think we should see a pullback to the 19.1 level @4481. Bear targets have been met for this month (twice). So what is gu to do for the rest of the month? Make another bear target? Or will it spend these two weeks in bearish distribution? We shall have our direction by weeks end.

http://img100.imageshack.us/img100/6730/cmcapture1q.jpg

Uploaded with ImageShack.us

Looking at the weekly fib, price is bouncing back and forth between the 19.1 (4406) and 0% (4252) levels. This is very much and indication of bearish exhaustion. When gu is making 100 pip consolidations it is ready to change direction or waiting for very important news releases. If price don't hit bear targets (T1:3979 n T2:3813) by week's end, we know to expect an aggressive move to reach them Sunday, or our expected reversal is imminent. In which price is going to reach resistance (4902) by wednesday. Notice the morning star at the bottom of the move.

http://img691.imageshack.us/img691/4...capture2nn.jpg

Uploaded with ImageShack.us

On this daily fib, price came right up to the tl and was rejected. It is presently testing that tl for a break. This trendline is at the daily pivot of 4379. This convergence break will give the bulls the edge they need. This has to happen today. or price will drop or consolidate at this level until enough buyers enter the market to take price back up. If not, we should reach our bear targets today @T1:4143 n T2:4086, respectively.

http://img375.imageshack.us/img375/5230/cmcapture1.jpg

Uploaded with ImageShack.us

Price is also crashing into this 30 min tf tl, and the 19.1 level (4405) of this previous swing fib. We may see it touch its support @4254 which is the 0% level of this fib before making up its mind to choose a direction.

http://img225.imageshack.us/img225/5230/cmcapture1.jpg

Uploaded with ImageShack.us

True to trading rules, price came back to test the backside of the tl before its climb.

http://img691.imageshack.us/img691/7779/cmcapture1r.jpg

Uploaded with ImageShack.us

As we can see the bull/bear battle continues. This consolidation presents a great opportunity to trade the tops and bottoms of this battle, until the victorious winner comes forth.

We are still in this bull bear battle. I predict it to last the rest of the month. But the pound will slowly creep up till its ready to start jumping. And price is right below the 10 DMA. So this may add some pressure (for the bulls) and incentive for the bears to test monthly low of 4236. Now to our analysis...

As we know monthly targets were hit twice this month exhausting bears plunge at 4231, before bouncing to the 10 DMA (4530). the 10 dma and the monthly 19.1% is converging @ 4480.

http://img339.imageshack.us/img339/9618/cmcapture1p.jpg

Uploaded with ImageShack.us

Price opened this week touching the weekly high of 4522 (shy of 10 dma) before falling between the weekly pivot (4376) and 38.2% (4343) levels. Last week price ranged in a (approx.) 300 pip range. And it is presently making an ascending wedge to the high and 10 dma.

http://img413.imageshack.us/img413/6327/cmcapture1a.jpg

Uploaded with ImageShack.us

This hourly chart shows the bull/bear battle clearly. The shaded area shows how control is being passed from the bears to the bulls. Price found support on this daily fib 19.1% (support) level. No targets were met today. Further confirmation of this battle.

Final analysis: We just have to wait for June. I don't we see any trending for the rest of this month. But we will have excellent opportunity to trade the tops and bottoms of this consolidation. :nerd:

http://img707.imageshack.us/img707/4337/cmcapture2n.jpg

Uploaded with ImageShack.us