AUDUSD got stopped out,ithoughti read somewhere once Vegas said after to loses on breach of the normal fib to wait until it reached the outer most fib efore trading again so I ould enter the AUD on another reversal signal .If i doesn't reverse then wait for breach of the outer fib.
- | Joined May 2005 | Status: Member | 94 Posts
Hi Everybody!
This is the best forum I have visited lately. All of You do really appreciated work here. I am a newbie to trading this method and I understand the theoretical concept. When demotrading, I did correct analyses and wasnīt hesitating when the signal for entering was on the spot.
But I have a real problem when entering with real account. I canīt figure out, why this is happening. I have been talking to my friends, but they have no advice for me either.
I wonder, if anyone experienced this, what was the solution?
What changed it?
Any reply is highly appreciated
Once again, Vegas is really intelligent and logical system, but the community here makes it to "cherry on the top of the cake"
Happy Trading
bluefish
PS. please, excuse my english, still working on it..
Hi Bluefish
Another thing you can do, because you say you are ok when demo trading but not then with the real money it means your inner emotions are taking over the trade what you can do is to reduce your trade size so that it is so small it does not seem worth putting the trade on. If your emotions are ok with this and you follow your trade to the plan then on the next trade increase your lot size a little bit. Keep doing this until you get tp a point where your emotions are taking over again, because you have found your mental limit, Your mental limit will rise as your account size rises you just have to keep working it out, and it's not always as easy as it sounds.
Hope this helps. Happy trading.
Jon
Thank You, Jon
This sounds like a practical advice. I will try to do that. It is one thing to say,make the position size appropriate, so that you can take the possible loss without any feelings, but it is something else to really do so.
Thank You for Your idea. Waiting for new signal and will try to do it correctly next time, when new opportunity arises.
Happy Trading
bluefish
This sounds like a practical advice. I will try to do that. It is one thing to say,make the position size appropriate, so that you can take the possible loss without any feelings, but it is something else to really do so.
Thank You for Your idea. Waiting for new signal and will try to do it correctly next time, when new opportunity arises.
Happy Trading
bluefish
- | Joined Mar 2006 | Status: Enthusiastic Rookie | 38 Posts
03/24/2006 at 9.40am 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.
: Others have mentioned (possibly in another VWB thread) that they have had late nights and bloodshot eyes upon discovering VWB. Count me in. Last night was one of those nights. I got thinking about my daily routine and what I ought to be doing to prepare each day. I like the concept graciously shared by Shan to document a daily analysis of each pair. However, I thought I might alter the spreadsheet slightly to make it easier for me to analyze my historical observations. I've attached my version of Shan's spreadsheet, with my latest analysis (keep in mind the rookie factor).
A small contribution from a grateful rookie. Keep up the great discussion! Suggestions for improvement of the spreadsheet are welcome.
This may be my first post, I don't remember. I've been lurking and following the Vegas System threads for quite a while. Let me first say - many, many thanks to Vegas for sharing his knowledge and experience. Invaluable. Thanks also to all of you who have contributed to the discussions. I am very excited at the prospects of this great system, and for the first time in forex am optimistic that I have found a successful system that suits me (I am a repentent ... uh-hem ... scalper).
Others have mentioned (possibly in another VWB thread) that they have had late nights and bloodshot eyes upon discovering VWB. Count me in. Last night was one of those nights. I got thinking about my daily routine and what I ought to be doing to prepare each day. I like the concept graciously shared by Shan to document a daily analysis of each pair. However, I thought I might alter the spreadsheet slightly to make it easier for me to analyze my historical observations. I've attached my version of Shan's spreadsheet, with my latest analysis (keep in mind the rookie factor).
A small contribution from a grateful rookie. Keep up the great discussion! Suggestions for improvement of the spreadsheet are welcome.
Nice job on the spreadsheet. I may just have to use this for my own VWB trades...
I noticed that you have the timeframe down as MST. I'm in Denver. You anywhere close? It's always nice to find some fellow mountain folk with an interest in Forex, though your forum nick makes me think you might hail from the Garden State...
Happy trading,
Ian
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
Hey JerseyDevil,
Nice job on the spreadsheet. I may just have to use this for my own VWB trades...
I noticed that you have the timeframe down as MST. I'm in Denver. You anywhere close? It's always nice to find some fellow mountain folk with an interest in Forex, though your forum nick makes me think you might hail from the Garden State...
Happy trading,
Ian
Nice stuff on the sheet NJD I hope it doesn't dissuade Shan from continuing to post his. I look forward to his every day.
Here we Go Oilers, Here we Go.
- | Joined Mar 2006 | Status: Enthusiastic Rookie | 38 Posts
Hey JerseyDevil,
Nice job on the spreadsheet. I may just have to use this for my own VWB trades...
I noticed that you have the timeframe down as MST. I'm in Denver. You anywhere close? It's always nice to find some fellow mountain folk with an interest in Forex, though your forum nick makes me think you might hail from the Garden State...
Happy trading,
Ian
No beard yet though...I agree with Bemac, keep it coming Shan. I'm a newcomer to this system, so I'm learning from all of you. With added confidence, and if I feel I can contribute, I will post more often.
Sidenote - the EURCHF entry last night so far looks pretty good...
- | Joined Mar 2006 | Status: Enthusiastic Rookie | 38 Posts
Shan & jerseydevil20,
Is it possible to include the weekly trend from the VWB method in your daily posts? This one feature sure would make things easier for us who still have to keep a day job
- Joined Mar 2006 | Status: THANK YOU MERLIN,TWEE and FF Team | 4,603 Posts
You are correct on both assumptions. I grew up back east, and now live in Utah. Not too far, but definately a fellow "mountain folk", lol.
I agree with Bemac, keep it coming Shan. I'm a newcomer to this system, so I'm learning from all of you. With added confidence, and if I feel I can contribute, I will post more often.
Sidenote - the EURCHF entry last night so far looks pretty good...
SMJ
My guess is that he is from near you but has a preference for the heat as opposed to the chill of massive amounts of snow sliding down a moutntain.
Nice stuff on the sheet NJD I hope it doesn't dissuade Shan from continuing to post his. I look forward to his every day.
Here we Go Oilers, Here we Go.
Denver is a very mild climate compared to the mountain towns of Colorado, so we've probably had only about 5-6 major snowfalls this year. Salt Lake City gets more total snow than we do, I believe.
Course, like we say around here: You can take a boy out of the mountains, but you can't take the mountains out of the boy...
Oilers? Well, at least you didn't say "Cowboys"...
- Ian
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
Oilers? Well, at least you didn't say "Cowboys"...
- Ian
Nice little trivia trick question that works up here.
CFL Team Edmonton Eskimos. NHL Team Edmonton Oilers.
Simply ask
"Who played first string for both the Eskimos and the Oilers."
Most people will scratch their heads trying to think of someone who played both Hockey & Football
Ans. Warren Moon
Edmonton Eskimos and Huston Oilers.
Actually I meant NHL not NFL
Nice little trivia trick question that works up here.
CFL Team Edmonton Eskimos. NHL Team Edmonton Oilers.
Simply ask
"Who played first string for both the Eskimos and the Oilers."
Most people will scratch their heads trying to think of someone who played both Hockey & Football
Ans. Warren Moon
Edmonton Eskimos and Huston Oilers.
I have a couple of buddies down here who are Canadian so I'll let you know how they fare with your trivia question...
Let's all take a deep cleansing breath before the FOMC results are released tomorrow... I'm in a happy place, I'm in a happy place...
- Ian