HeavyJ -"Posterboy for Spellchecker!"
"Will work for pips!"
Vegas Wealth Builder 1 reply
Vegas Wealth Builder 1 reply
Metatrader + Vegas Wealth strategy 2 replies
Vegas Weath Builder question 1 reply
Question for VEGAS and others using Vegas system..... 2 replies
Quoting twoblinkDislikedPerhaps the best quote from all of Vegas's docs is when he says "Humpty Dumpty was an arrogant egg.."
When I read that, it reminded me to always, keep that ego in check..Ignored
Quoting HLassDislikedAnybody,
This morning i saw someone speaking of making just 10 pips per day but forgot who and where the forum was, they were speaking about a guy named Rob that has mentored this system, can anyone inform me of his name and in which forum this was located. Great thanks.
HowardIgnored
Quoting TrinityDislikedBeth, is there a difference between Genesis Navigator and Financial? I've seen Brain Talbot describe how he uses Navigator with VantagePoint software.
TrinityIgnored
Quoting BethDislikedSorry to take so long to respond, Trinity. Work has been busy.
Genesis Financial makes a charting software called "Trade Navigator." There are different levels that you can buy (Silver, Gold, Platinum). I've been using Gold for almost 7 years. I get the daily and intraday time-delayed quotes and chart info from Gensis for about $65 per day. This includes futures, stocks and indices (currencies are considered an index).
I'm pretty straightforward in everything I do, including my trading. I like it simple and easy-to-understand because I've got too many technical things that I have to keep up with in my business. Trade Navigator software is simpler to use than others. (I even have my housewife friends using it!)
I'm not saying its the best or most versatile, but I like it. I can easily figure out how to code special indicators, and I'm definitely not a software code writer. I have heavy experience in Excel, which I found helps with the special indicators in Trade Navigator.
By the way, I have used VantagePoint Software with Trade Navigator, too. I found that VantagePoint isn't that much better than other things out there that are less expensive to purchase. I eventually stopped using it because it didn't help me that much.
Hope this helps!http://www.forexfactory.com/forexfor...ons/icon10.gif
BethIgnored
Quoting Jon_ukDislikedHi Howard
I think the info you are looking for is the one on Rob Booker, this is what he teaches people to do. His website is www.robbooker.com. I do not know anyhting about this stratergy it is to short a time frame for me.
Hope this is the info you were after.
JonIgnored
Quoting baddisonDislikedBeth, do you mean $65 per month???Ignored
Quoting BethDislikedOops! Big goof!!!http://www.forexfactory.com/forexfor...cons/icon9.gif
Yes, $65 per month. You can get the daily stuff (without the intraday) for $40.
BethIgnored
Quoting clam61Dislikedbut on the same token, if you lose 20-30 pips, won't you be losing 40-60%?Ignored
Quoting BethDislikedAbsolutely. That's why I look at the % return of a trade (winning and losing), not just the dollar amount. That's also why I set up the trade first and don't trade emotionally. If it doesn't look like a good day, I just turn it off and forget about it.
BethIgnored
Quoting clam61Dislikedi have a question for all using the VWB
he trades currency futures and emini s&p500 futures
is there a way to get these products on metatrader?Ignored
Quoting clam61Dislikedthanks for the help ... but im not sure this shows CME stuff...does it?
do spot forex quotes correlate to CME currency futures ?
does the s&p 500 correlate to the e-mini s&p 500?
i compared futures charts on prophet.net to the ones in metatraer and i dont think they do exactly....im not sure how it works and why it would be different.Ignored
Quoting BethDislikedJon,
I got on this website and looked at the free info. There is a good little ebook on it called "Strategy: 10." Here's the link: www.robbooker.com/Strategy10.pdf. I would really recommend this ebook for beginning traders.
In this ebook, Booker talks about making 10 pips per day his GOAL. This is actually very easy, especially with the info that Vegas gave us in the second part of the Vegas Wealth Builder document. I like Booker's approach because I actually set my daily goals very low also -- 20-30 pips.
I look at it this way. If you're trading a .05% margin in a mini account ($50 controls $10,000), 20-30 pips is $20-30. $20 profit / $50 investment is a 40% return on your investment (remember that I'm a financial person). $30 profit / $50 investment is a 60% return. WHERE ELSE IN THE WORLD CAN YOU GET A CONSISTENT RETURN LIKE THIS????
The most heavily traded currency markets (EUR-USD and GBP-USD) easily move 20-30 pips a day. If you study what Vegas wrote in that second document, you have enough info to figure out how to get this very small amount out of the market, almost on daily basis.
Again, I'm a financial person and I tend to look at how to trade in the simplest way possible. Our goal is not BIG money. Our goal is to have consistent cashflow over a long period of time. If you have consistent cashflow, you really don't need to stockpile money--unless you just want it as a security blanket. (For you beginners, a good book on this concept is "Rich Dad, Poor Dad" by Robert Kiyosaki.)
A consistent 40-60% DAILY (or even WEEKLY) return is a great returnhttp://www.forexfactory.com/forexfor...cons/icon4.gif (Even 10 pips per day, which would be a 20% return is terrific. If you don't think so, look at the S&P500 annual return over the past YEAR.)
Just my thoughts on the subject!
Thanks for passing this information along, Jon.
BethIgnored
Quoting Jon_ukDislikedI have read Rich Dad Poor Dad a few years ago it is what got me started in tradingIgnored