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Vegas Trading

  • #1
  • First Post: Oct 22, 2006 4:19am Oct 22, 2006 4:19am
Hey there,

This thread will be for keeping track of my trades using Vegas's systems. I will be using his VWB system along with the 1 and 4 hour tunnel systems to pin point entery and exit points. For charting i will be using MT4.

VWB is a great system and I encorage you to use it. I figure we can use this area to help each other with entery and exit points.

regards,
J.
Regards, J.
  • #2
  • Oct 22, 2006 4:53am Oct 22, 2006 4:53am
Quoting jaydog777
Hey there,

This thread will be for keeping track of my trades using Vegas's systems. I will be using his VWB system along with the 1 and 4 hour tunnel systems to pin point entery and exit points. For charting i will be using MT4.

VWB is a great system and I encorage you to use it. I figure we can use this area to help each other with entery and exit points.

regards,
J.
GOOD LUCK J!
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #3
  • Oct 22, 2006 5:08am Oct 22, 2006 5:08am
http://www.flickr.com/photos/14844129@N00/276023462/http://www.flickr.com/photos/14844129@N00/276023462/

The Australian dollar weakened vis-ŕ-vis the U.S. dollar today as the Aussie tested bids around the US$ 0.7575 level and was capped around the $0.7600 figure. Australian dollar bids are cited around the $0.7520 level.

So looks like we plowed through the .7565 resistance lvl and will be looking to short this puppy around The second fib level [144] or higher from the tunnel .... I'll start looking for sell signals around the .7665 area.

regards,
J.
Attached Image
Regards, J.
  • #4
  • Edited 2:56pm Oct 22, 2006 5:23am | Edited 2:56pm
The British pound moved higher vis-ŕ-vis the U.S. dollar today as cable tested offers around the US$ 1.8855 level and was supported around the $1.8755 level. Stops were reached above the $1.8030 level, representing the 50% retracement of the move from $1.9145 to $1.8515. Data released in the U.K. today saw preliminary Q3 GDP expand 0.7% q/q and 2.8% y/y, consistent with the long-term growth rate and above Q2’s 2.6% y/y growth rate. Also, August services output was up 0.8% m/m. Collectively, these data support the belief that Bank of England’s Monetary Policy Committee will tighten policy on 9 November. Cable bids are cited around the US$ 1.8755 level. The euro moved lower vis-ŕ-vis the British pound as the single currency tested bids around the ₤0.6690 level and was capped around the ₤0.6730 level. <wbr>

Support Resistance


L1. 1.8165 1.9090


L2. 1.8005 1.9215


L3. 1.7640 1.9550




well we are at some what of a support at 1.8850 hopefully we will break through and I'll look for sell signals around the third fib level [233] from the tunnel 1.8975 area.

regards,

J.
Attached Image
Regards, J.
  • #5
  • Oct 22, 2006 5:26am Oct 22, 2006 5:26am
These are the only 2 pairs that are close to a possible trade so thats all i have for now .... please feel free to disscuss and comment as always.

regards,

J.
Regards, J.
  • #6
  • Oct 22, 2006 6:32am Oct 22, 2006 6:32am
I like your charts... clear and easy to read...GOOD WORK!
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #7
  • Oct 22, 2006 2:52pm Oct 22, 2006 2:52pm
thanks MT4 is the best
Regards, J.
  • #8
  • Edited 4:48am Oct 23, 2006 3:54am | Edited 4:48am
The British pound appreciated vis-ŕ-vis the U.S. dollar last week as cable tested offers around the US$ 1.8856 level and was supported around the $1.8522 level. The pair gained about 270 pips last week. MPC’s Lomax said the economy “just pulled out of a soft patch while MPC newbies Sentance and Besley were in the minority voting for a rate hike this month. Most traders see higher rates next month. September inflation printed at a strong +2.4% with the core CPI rate up at 1.4%, its strongest showing since November 2005. The September claimant count printed at a five-year high; the jobless rate remained at 3.0%; Rightmove house prices remained elevated; CML mortgage lending was strong with BSA and BBA activity lower; and September retail sales were off 0.4% m/m. The Treasury reported the U.K. government is on track to record its largest deficit in more than one decade. Moreover, preliminary Q3 GDP expanded 0.7% q/q and 2.8% y/y, at or above trend growth rates.


Well it looks like we bounced off that support at 1.8850 area durring the London open... witch is ok because i have not entered the trade yet. Would have been nice to get in at that lvl for about 100 pips at this point ... oh well there will be more trades there always is ....

Looking at the 4h chart, hopefully the price stay's in the channel outlined in blue and bounces off 1.8735 area and makes another rally to the 1.8875 1.8975 area where we will still look to sell.

Regards,

J.
Attached Image
Regards, J.
  • #9
  • Oct 23, 2006 4:08am Oct 23, 2006 4:08am
Hey J, recently started using the method or constructing and viewing the charts, more so the daily than the H4 tunnel method. What has your experience been so far with the shorter times frames, H4 and H1?
  • #10
  • Oct 23, 2006 4:22am Oct 23, 2006 4:22am
J, you would now be looking to LONG GBP on H4 tunnel VWB at around 1.8735 as shown in graph and just hit?
  • #11
  • Oct 23, 2006 4:28am Oct 23, 2006 4:28am
The Australian dollar appreciated vis-ŕ-vis the U.S. dollar last week as the Aussie tested offers around the US$ 0.7602 level and was supported around the US$ 0.7491 level. The pair gained about 75 pips last week. The August Westpac leading indicator was up an annualized 6.1%, down from July’s annualized 6.4% level.

The AUD retracted a bit durring the London session, also a perfect shooting start appered. (red arrow) If I was a gambling man i would short this right here .... but in the forex i always wait for perfect conditions

Hopefully the small support @ .7565 holds and we can look to short around .7675 area.

Regards,

J
Attached Image
Regards, J.
  • #12
  • Oct 23, 2006 4:32am Oct 23, 2006 4:32am
Quoting jammymark
Hey J, recently started using the method or constructing and viewing the charts, more so the daily than the H4 tunnel method. What has your experience been so far with the shorter times frames, H4 and H1?
Hi Jammymark,

I only use the shorter time frames to pin point entery and ext possitions. All main trading is done on the daily (VWB)
Regards, J.
  • #13
  • Edited 4:47am Oct 23, 2006 4:35am | Edited 4:47am
Quoting jammymark
J, you would now be looking to LONG GBP on H4 tunnel VWB at around 1.8735 as shown in graph and just hit?
Jammy,

No... I am looking to short the gbp at like the 1.8875 area maybe 1.8975... if it doesnt make it there and falls here then I miss this trade.

I would not long it here.

Regards,

J
Regards, J.
  • #14
  • Oct 23, 2006 5:07am Oct 23, 2006 5:07am
J, for the 4 hr. do you construct 2 diff. charts, 1 for weekly and other for H4 or place both on H4 chart (momentum)?
  • #15
  • Oct 23, 2006 5:15am Oct 23, 2006 5:15am
Quoting jammymark
J, for the 4 hr. do you construct 2 diff. charts, 1 for weekly and other for H4 or place both on H4 chart (momentum)?
Jammy,

I have a weekly/daily/4h and 1h chat, I like to look at all the charts to get the big picture. If you use metatrader you can get all the indicators at and info on tunneltrading at www.tunneltrading.com under the downloads section ......

hope this helps,

Regards,

J
Regards, J.
  • #16
  • Oct 23, 2006 5:29am Oct 23, 2006 5:29am
hi J,

nice and clean charts. I am also studying Vegas' methods just like you do, so for sure I will be closely following your thread to see your progress and share some insights as well. I have a full time job and only use VWB, trying to look for reversal candles on extreme fib levels. I mainly follow cable and AudUsd and sometimes EurJpy also. Good luck and happy trading.

P.S.

Did you enter short on the cable today?
  • #17
  • Oct 23, 2006 5:44am Oct 23, 2006 5:44am
Quoting pinoytrader
hi J,

nice and clean charts. I am also studying Vegas' methods just like you do, so for sure I will be closely following your thread to see your progress and share some insights as well. I have a full time job and only use VWB, trying to look for reversal candles on extreme fib levels. I mainly follow cable and AudUsd and sometimes EurJpy also. Good luck and happy trading.

P.S.

Did you enter short on the cable today?
Hi there pinoytrader,

Glad to have you with me, we are in the exact same boat trying to look for reversal candles on extreme fib levels, I have a full time job also but hopefull if trdaing goes well we can quite hehehe .... I missed the move on Cable today I even called the bounce off that lvl in a preveous post I was waiting for 1.8875 -1.8975 area (The third fib level [233]) . I thought it would bounce at 1.8850 just wasn't expecting it to bounce 140 pips hehe .... oh well no harm no foul.

Also i will be posting any trades as i make them

PS - please post if you see and entery opertunities via candlestick patterns

Regards,

J.
Regards, J.
  • #18
  • Oct 23, 2006 6:00am Oct 23, 2006 6:00am
Hello Friends

I would appreciate if someone provide me the link describing this Vegas Trading system. I would like to study this system.

Thanks
  • #19
  • Oct 23, 2006 6:03am Oct 23, 2006 6:03am
Will gladly do so.

Regards,

Jay
  • #20
  • Oct 23, 2006 6:10am Oct 23, 2006 6:10am
Quoting kapanil
Hello Friends

I would appreciate if someone provide me the link describing this Vegas Trading system. I would like to study this system.

Thanks
like i said before you can get all the info at www.tunneltrading.com under downloads
Regards, J.
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