I went long on cable also (still on demo). I was a bit late though; entered at day's high. Although not part of VWB, I just took some profit out at 50pips a few minutes ago, and moved SL to BE for the free trade.
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Quoting zenophyteDislikedAt 8:00 AM GMT the GBPUSD drove down from hi of 1.7291 to a lo of 1.7235 on the hourly chart.The next 2 hours it came back through the 50% retrace fib of 1.7263.
This was a touch of the 3rd fib with a quick retrace therefore we had 3rd fib price action and a cross of the 50%.
Hope that helps.Ignored
Quoting WTBDislikedYes, I saw all those elements coming into play, but in my opinion they didnt quite tick Vegas' "3 concepts" list soundly. I mean, cable had at that point a tight range for the day, plus the 50% wasnt taken out with any momentum whatsoever. Moreover, we didnt have any bullish candle formation on the daily at that time. That is why I decided to sit this one out.
Perhaps Vegas himself could give us some insight here?Ignored
Quoting BigFaceDislikedHi
Im fairly new to the VWB sytems but from what Ive see.. looks promising
Anyone trade the NZD here?....Its taken a bit of a hammering lately so NZD/USD and partuclarly AUD/NZD daily look quite extended.... Can the VWB be applied to these pairs ?
CheersIgnored
Quoting vishalshanDisliked03/14/2006 at 11.25am est..
Disclaimer :
Please note that I'm just giving my own observation about VWB trades and not an expert in this. This should not be considered as trade recommendations. Please trade with your own analysis.Ignored
Quoting dofDisliked
I'm still holding those 3 tradesIgnored
Quoting nutmg12DislikedI'm in all 3 as well + EUR/GBP ( looking like a dog )
This system is amazing. I'm finding the hardest thing is to wait for the trades to set up. Once you get over that and align your entries with both the concepts of the 4 hour tunnel and VWB sit back and watch the PIP's roll in.
I've already booked 479 pips today. Currently open trades sit at 721 PIPS total with 3 EUR/GBP positions at BE and about 400 pips protected by stops on my open USD/JPY and GPB/USD positions. USD CAD currently up about 100 on 3 open positions also a free trade.
This round looks like it’s almost over. I hope not. Then it will be back to waiting for another great round of setups.Ignored
Quoting raczekfxDislikedThat's very nice, nutmg12. Congratulations. I'm collecting few pips on gbp/jpy.Ignored
Quoting nutmg12DislikedI'm not sure about a classic VWB entry but it looks like a classic VWB move. Nice and clean steady up. Did you get in at the bottom or enter a 4HT trade?
I started demo trading on 3/1. If I closed my open positions right now I'd be at 1700 pips for the month. I know I missed at least 4 good setups outright and mismanaged a few positive trades.
Of course I've been entering everything I can find. It will be nice when I have the account size to enter all these trades live. Since I don't I'm going to demo for another 2 months, learn everything I can then enter only the best set ups until my account size can handle all these open positions.
JoeIgnored
Quoting palankaDislikedYou have EURJPY as a no trade situation. But we had a buy signal from PAP on 2/28. I am still in that trade long +300 pips. Did you get into that trade and get stopped out?Ignored
Quoting xspowerxDislikedHmm I see some of you played the USDCAD... but when it broke downward it wasn't near the 2nd fib. Owell, congrats to those who made money on this.
I acually placed my first real trade with this model on the USDJPY when it broke down and netted approximatly 100 pips! It was a small trade, nothing big-money.Ignored
Quoting xspowerxDislikedHmm I see some of you played the USDCAD... but when it broke downward it wasn't near the 2nd fib. Owell, congrats to those who made money on this.
I acually placed my first real trade with this model on the USDJPY when it broke down and netted approximatly 100 pips! It was a small trade, nothing big-money.Ignored
Quoting vishalshanDisliked03/16/2006 at 9.45am est..
Disclaimer :
Please note that I'm just giving my own observation about VWB trades and not an expert in this. This should not be considered as trade recommendations. Please trade with your own analysis.Ignored