For people using Vegas 4hr

Quoting mpathare

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This question is for people currently trading the vegas 4hr method.

I have been trying to use this method for the last 2 months. My ruselts are not stellar at all, but I am trying to change that. I mostly trade GBP/USD. For the more than 3 weeks now the method has been projecting that the next week would continue the "up" trend, but the pound has dropped more than 300 pips in the last 19 days . How are others dealing with this?

Thanks.

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Quoting diallist

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I've been trading this for two years.

It cannot be used to project where price will go. This method (any method) should be traded by what the market is doing, and not by what it is expected to do.

Don't look for stellar, especially after only two months. I am very selective on which signals I take on this method. I usual only take one or, at most, two trades each month on a couple of currencies. This method has a roughly six to eight week cycle where it will give big trades and then go dormant for a few weeks. It takes experience and discretion to trade this excellent method successfully. Give it time. Give yourself time.

Team Aphid and I made a few modifications to the original method, which I ran by Vegas and he approved. I mention some of the modifications in this thread, which I encourage you to read:

http://www.forexfactory.com/showthread.php?t=3422

By cherry picking only the very best setups, and using proper money management, this method, with the modifications, can yield 5 to 10 percent average monthly returns. But, the returns depend to a very large degree on the individual trader, their discipline and their experience.

Dial

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Quoting diallist

Disliked

I've been trading this for two years.

It cannot be used to project where price will go. This method (any method) should be traded by what the market is doing, and not by what it is expected to do.

Don't look for stellar, especially after only two months. I am very selective on which signals I take on this method. I usual only take one or, at most, two trades each month on a couple of currencies. This method has a roughly six to eight week cycle where it will give big trades and then go dormant for a few weeks. It takes experience and discretion to trade this excellent method successfully. Give it time. Give yourself time.

Team Aphid and I made a few modifications to the original method, which I ran by Vegas and he approved. I mention some of the modifications in this thread, which I encourage you to read:

http://www.forexfactory.com/showthread.php?t=3422

By cherry picking only the very best setups, and using proper money management, this method, with the modifications, can yield 5 to 10 percent average monthly returns. But, the returns depend to a very large degree on the individual trader, their discipline and their experience.

Dial

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Quoting mpathare

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Hi Dial,
I really enjoy reading your posts. Thanks for the info, I'll try to be more selective in my trades. I have been noticing that the 4hr method does not work to good in a consolidating market.

Can you PM me information about how to gain access into the PF. I would like to get access to all the tutorials in there.

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Quoting mpathare

Disliked

Hi Dial,
I really enjoy reading your posts. Thanks for the info, I'll try to be more selective in my trades. I have been noticing that the 4hr method does not work to good in a consolidating market.

Can you PM me information about how to gain access into the PF. I would like to get access to all the tutorials in there.

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