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  • #881
  • Jan 8, 2007 10:11am Jan 8, 2007 10:11am
Quoting johnedoe
Do NOT let a salesman push you around.............
do your due diligence, the system will be there when you are ready, if not ..... you saved yourself some money.

There are several good systems here that are free and prbably outpreform vp
Hi,
Would you please advise some other good systems vs VP,
Also I have a clear question and that is may I have around 300 pips per week with VP in Forex market? is it very hard?
Thanks
  • #882
  • Jan 8, 2007 10:51am Jan 8, 2007 10:51am
Quoting TraderBill
Thanks for the words of encouragement baddison and Frank. Baddison, did you get some erronious price data from Genesis for the 12-25 and 12-26 price bars for AUD pairs? Closing prices for 12-26 seem to be accurate but the lows and highs for the pairs are way off. For example AUD/USD price data from Genesis:

12-25-06: O=.7840, H=.8052, L=.7822, C=.8050
12-26-06: O=.7894, H=.7894, L=.7808, C=.7812

I even tried downloading update again today all the way back thru 12-22 but still have the incorrect data for 12-25 and 12-26 for AUD pairs.

Bill
Yeah, Bill. I got that same data. I don't (...or didn't...) trade during the thin holidays so I don't know if this is "bad" data, or if the AUD actually made such a high on christmas day...Did you try looking at other data providers to see if this high is accurate?
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  • #883
  • Jan 8, 2007 1:30pm Jan 8, 2007 1:30pm
Quoting baddison
Yeah, Bill. I got that same data. I don't (...or didn't...) trade during the thin holidays so I don't know if this is "bad" data, or if the AUD actually made such a high on christmas day...Did you try looking at other data providers to see if this high is accurate?

Here is from future souce for the day in question


Cyclone
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Cyclone
  • #884
  • Jan 8, 2007 5:14pm Jan 8, 2007 5:14pm
This post is for WilliamK, BeachBum, BAddison, Stoney, and anyone else that would like to respond.

On the evening of Sunday, January 7, 2007 I used BeachBums "Set It And Forget It" System Excel spreadsheet I downloaded from this thread. Using VP's perdictions which as I interpreted per WilliamK's post 5 out of 5 of the predicted indicators agreed that I should go short on the GBP/USD entering at 1.9331 (sell) I set my sell stop at 1.9372 and set my sell limit at 1.9273. Needless to say I did not profit in this trade. I even checked the Forex Factory Calendar for any economic news that could have an impact on the market and I didn't find any.

I would really appreciate anybodys response to my post, especially those that I listed above. I am not looking to blame anybody but myself for my failures. I am only asking for some coaching or some kind of feed back. I am trying to learn from this experience so I don't repeat the same mistake again. I have had VP since March 2006, and I just can't seem to figure out a system that works for me consistently. Whatever I am doing I have been doing consistently wrong and I just don't know what it is. I don't know if it is just poor analysis of info or just bad luck. I have read all the posts on this thread. I would appreciate anybody's advise, I am here to learn. And I hope that others may learn from this as well. Thanks to all of you in this thread.

P.S.- I really believe that I have a good product in VP, and the purpose of this post is not to bring any negative light on VP but to stimulate further discussion for non-technical traders such as myself who need some more guidance and direction from the successful traders using VP.

Pluto9
  • #885
  • Jan 8, 2007 7:29pm Jan 8, 2007 7:29pm
Howdy Pluto9 (by the way no longer a planet)

I apoligize I did look back on my original post and did not mention the method I use for the GbpUsd. But did post it later @ #822.

Yes U are correct in that the all the indicators were 5 out of 5 but I never try to jump onto a moving train(did that in my youth, missed and got hurt real bad) anyway once a move is on it's way I don't enter I just wait for the next signal.

The 1st signal for that move happened on Jan 3 so I entered on the open of the Jan 4th candle which resulted in a move over 200 PIPS.

I posted a chart for this trade.
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"When there is no peril in the fight there is no glory in the triumph."
  • #886
  • Jan 8, 2007 10:39pm Jan 8, 2007 10:39pm
Quoting Pluto9
This post is for WilliamK, BeachBum, BAddison, Stoney, and anyone else that would like to respond.

On the evening of Sunday, January 7, 2007 I used BeachBums "Set It And Forget It" System Excel spreadsheet I downloaded from this thread. Using VP's perdictions which as I interpreted per WilliamK's post 5 out of 5 of the predicted indicators agreed that I should go short on the GBP/USD entering at 1.9331 (sell) I set my sell stop at 1.9372 and set my sell limit at 1.9273. Needless to say I did not profit in this trade. I even checked the Forex Factory Calendar for any economic news that could have an impact on the market and I didn't find any.

Pluto9
Pluto9

IMHO

Just looked at the chart for that. If you had used the comfirming indicators from the seminars I posted in Post #851, you would have seen it was past entry according to stochastics. You really want to be above the 50 go down for short on the daily chart or below 50 going up for long. I have my chart for stochastics with lines at 30, 50, 70 to remind me. Will it keep the trade from going against you; the answer is no, but it will help confirm along with VP the answer is yes. While I don't agree with the buy/sell stops for entry used in the seminars, I do agree with confirming indicators like stochastics, macd and what ever you eventually find useful for yourself.

Cyclone
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Cyclone
  • #887
  • Jan 9, 2007 11:59am Jan 9, 2007 11:59am
[quote=BeachBum]Hello everyone.....

I have found that the Guppy Multi Moving Average works as a goood indicator for remaining in a trade when the "GO" signal is lost in STO. On 11 Dec, 4Hr chartin MT4, the EUR/CHF signaled a long entry. Later that day the signal was lost and actually went the other way a bit. GMMA indicated (I only use the first 6 EMAs) a compression but not a change in direction. This is best seen and studied. GMMA as I use it consists of the: 3, 5, 8, 10, 12 and 15 EMAs. Daryl Guppy originally used 12 Emas the six are larger and graduating in size. Also entries into a trade using STO as BB describes it should be done per the "WEBINARS" where STO is under the 50 line. I have been using BBs system recently and I must say that he has refuted a long standing "old saw" in the markets. That being that the worst advice is free advice. I have never had paid advice be a good as his "free advice". Thanks
  • #888
  • Jan 9, 2007 12:22pm Jan 9, 2007 12:22pm
Frank............sorry for the delay in responding, I have been in your country (Gold Coast) for almost three weeks on business not related to Forex. Yes, I like using the 4 out of 5, or even 5 out of 6 method for trading with VP. Has worked very well for me in the past, others too!



Quoting Frank Basten
FYI,
Being on holidays and in Australia, I tried downloading CSI data for VP at 4:45pm Chicago time (when I am normally at work) and lo and behold, it was there and complete. This surprised me as this is 105 minutes before I am told that the data would be ready to download, but FT (or was it BB) was right when he mentioned early access to the EOD reports.
I did not have to twig any settings on the EzDownloader.

PS BB have been using your suggested 4 out of 5 indicators to confirm trade as mentioned by HK334 and find this good. Had success yesterday with it, but never got to the data early enough today. had i been early enough I would have picked up the bulk of the drop in GBPUSD.
Cheers,
Frank
  • #889
  • Jan 9, 2007 12:24pm Jan 9, 2007 12:24pm
CSI data is available to me by 5:15 PM EST, sometimes earlier, right after NY close. Hard to beat!

Quoting TraderBill
I currently get my data from Genesis. Earliest I can get it is usually around 6:35 PM EST and many times not until 6:45 PM EST. Would like comments from other VP users regarding data provider and update time.


I wanted to short GBP/JPY and EUR/JPY tonight but by the time I got the data from Genesis to confirm the trade with VP, I had missed 25 pips on one and 50 on the other.

Now the bottom is dropping out on both these pairs and I'm left to sit here lamenting what could have been.

Bill
  • #890
  • Jan 9, 2007 12:35pm Jan 9, 2007 12:35pm
Quoting BeachBum
CSI data is available to me by 5:15 PM EST, sometimes earlier, right after NY close. Hard to beat!
I have CSI unfair advantage and I was under the impression it was available by 6:15 pm EST? Have I been wrong the whole time?
  • #891
  • Jan 9, 2007 12:42pm Jan 9, 2007 12:42pm
Pluto9....

Sorry for not responding sooner, I've been out of the country and away from FF for almost three weeks. I made a decision to stay out of the market during the holiday period and can't give you a specific answer to the trade you mention (although I see other traders have). But I will say this about VP and systems: some of us here have VP based trading systems that are profitable over a reasonable period of time. That doesn't mean we don't have loosing trades and even loosing trading periods. Last year my "Set & Forget" system lost money for nine consecutive days. But, that was after several months of consistent profit. Those are the "ups and downs" of any good system. You haven't told us if the one trade you reference was the only or the first trade you took using the suggestions posted in this thread. Was it? If so, you can't reasonable expect success the first time out. However, if it was one of a succession of loosing trades, something is indeed wrong. In recent months, I have gradually changed the way I use VP because of my experiences and continued learning (thanks to the members here at FF). I pay more attention to the 5 or 6 significant daily indicators from VP and less attention to other 'outside' indicators. And my work with the Daily Fozzy Method has made me a better VP trader. HTH!


Quoting Pluto9
This post is for WilliamK, BeachBum, BAddison, Stoney, and anyone else that would like to respond.

On the evening of Sunday, January 7, 2007 I used BeachBums "Set It And Forget It" System Excel spreadsheet I downloaded from this thread. Using VP's perdictions which as I interpreted per WilliamK's post 5 out of 5 of the predicted indicators agreed that I should go short on the GBP/USD entering at 1.9331 (sell) I set my sell stop at 1.9372 and set my sell limit at 1.9273. Needless to say I did not profit in this trade. I even checked the Forex Factory Calendar for any economic news that could have an impact on the market and I didn't find any.

I would really appreciate anybodys response to my post, especially those that I listed above. I am not looking to blame anybody but myself for my failures. I am only asking for some coaching or some kind of feed back. I am trying to learn from this experience so I don't repeat the same mistake again. I have had VP since March 2006, and I just can't seem to figure out a system that works for me consistently. Whatever I am doing I have been doing consistently wrong and I just don't know what it is. I don't know if it is just poor analysis of info or just bad luck. I have read all the posts on this thread. I would appreciate anybody's advise, I am here to learn. And I hope that others may learn from this as well. Thanks to all of you in this thread.

P.S.- I really believe that I have a good product in VP, and the purpose of this post is not to bring any negative light on VP but to stimulate further discussion for non-technical traders such as myself who need some more guidance and direction from the successful traders using VP.

Pluto9
  • #892
  • Jan 9, 2007 12:44pm Jan 9, 2007 12:44pm
apparently so...............



Quoting gbarton13
I have CSI unfair advantage and I was under the impression it was available by 6:15 pm EST? Have I been wrong the whole time?
  • #893
  • Jan 9, 2007 6:36pm Jan 9, 2007 6:36pm
Anyone looking to upgrade to VP 7.0? Looks like they added a nice round of features. Just got their upgrade email this evening.

David
  • #894
  • Jan 9, 2007 7:17pm Jan 9, 2007 7:17pm
Quoting DavidH
Anyone looking to upgrade to VP 7.0? Looks like they added a nice round of features. Just got their upgrade email this evening.

David
I wonder why I didn't get the e-mail? How much are they asking for the upgrade?
  • #895
  • Jan 9, 2007 8:34pm Jan 9, 2007 8:34pm
Quoting DavidH
Anyone looking to upgrade to VP 7.0? Looks like they added a nice round of features. Just got their upgrade email this evening.

David
David Please cut and paste that email since they don't send the message to all owners.


Cyclone
Cyclone
  • #896
  • Edited Jan 10, 2007 2:32pm Jan 9, 2007 10:36pm | Edited Jan 10, 2007 2:32pm
Quoting Cyclone
David Please cut and paste that email since they don't send the message to all owners.
Not seeing a reasonable way to do this. It is a html email, with graphics. A couple people have asked me to forward it via their system (as the email I got is keyed to me) and I have done that. I guess if you PM me your email address, I can forward via their system. Unless I can figure out a way to post a html type email without my info in it.

David
  • #897
  • Jan 10, 2007 7:14am Jan 10, 2007 7:14am
David H,

Try this software to get Ur screenshots down to 600 X 400 excellent for posting to this forum it is also free. I got the page from Trinity.


http://www.irfanview.net/

Fellow Pip Hunter
Bill
"When there is no peril in the fight there is no glory in the triumph."
  • #898
  • Jan 10, 2007 10:36am Jan 10, 2007 10:36am
Quoting Pluto9
This post is for WilliamK, BeachBum, BAddison, Stoney, and anyone else that would like to respond.

On the evening of Sunday, January 7, 2007 I used BeachBums "Set It And Forget It" System Excel spreadsheet I downloaded from this thread. Using VP's perdictions which as I interpreted per WilliamK's post 5 out of 5 of the predicted indicators agreed that I should go short on the GBP/USD entering at 1.9331 (sell) I set my sell stop at 1.9372 and set my sell limit at 1.9273. Needless to say I did not profit in this trade. I even checked the Forex Factory Calendar for any economic news that could have an impact on the market and I didn't find any.
Hey Pluto9! I was also looking at the chart and the day in question. For me, there a few reasons why I would NOT have taken that trade.

I have attached my screen shot.
http://img02.picoodle.com/img/img02/...m_94adc9e3.jpg

First, of all, as previosly mentioned by another FF member, the initial move of predicted-MA crossing acual-MA occurred on the download nite of Wednesday, Jan. 3rd. This was confirmed with price action of DBHLC (double high, lower close) also known as outside bearish bar. One possible strategy is that you could have gone short on the open of the next day (...or immediately after the PM download....). I placed a stop of 136pips. This represents 50% of the outside-bearish-bar. Target = 200 pips.
Second, on the night of the download, Friday, Jan.5th, the market closed in "oversold" territory. This tells me that the current move is nearing exhaustion, an indication for caution.
Third, the "oversold" indication came at the 50% fib retracement. Another indication for caution....to me, anyway.

This is just a recap why I would not have taken the short trade, even though all the indicators were pointing to it. I really like the VantagePoint software, but I also use other confirmation indicators to assist with my analysis.
Hope this helps.
  • #899
  • Jan 10, 2007 10:43am Jan 10, 2007 10:43am
Howdy Cyclone,

I just got off the phone with one of the top brass from Vantage Point and we discussed why every1 wasn't receiving the email for the update to 7.0. What they are doing is segmenting out to different groups depending on how many categories(markets) you have. But he assured me that every1 that purchased VP will get a email. One of the reasons is so they don't get overloaded and will be able to handle clients questions.

Fellow Pip Hunter

Bill
"When there is no peril in the fight there is no glory in the triumph."
  • #900
  • Jan 10, 2007 10:46am Jan 10, 2007 10:46am
Quoting gbarton13
I wonder why I didn't get the e-mail? How much are they asking for the upgrade?
gbarton13, et al....you WILL get the email. We will all get an email from VP shortly. I spoke with a rep today, and they are release the new version in stages. It make sense really...with all the new features, I would imaging the support desk will be inundated with more calls.

Any way, I was told that one of the biggest changes with the newest version is the move away from single (individual) markets to "categories". So those who purchased VP AFTER June 1st, 2006 already bought categories of markets. Those who purchase the product BEFORE June 1st, 2006 (...like myself...) bought individual markets.

For those of us who own between 69 - 89 markets, we will be offered the new version at an upgrade price of $895.
For those of us who own between 50 - 68 markets, we will be offered the new version at an upgrade price of $1495.
For those who only have one or two markets, the new version will cost around $2900 and will include many more markets than just the one or two we have.

So, the link that DavidH has posted, may not be the same link we all get...depending on how many markets we have.

Hope this helps.
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