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VantagePoint discussion thread

Quoting hk334
I have spent a great deal of time reading FF forums, VP, James 16 both public and private. Everywhere I have found knowledgeable giving people! Thanks to one and all. I scalp! 5min charts and I usually use the tick chart as an indicatror for entry/exit. There have been many statements against such a risky business. I have found it both fun and painful. AND lucrative! Will I continue this way I do not know. But for now it "fits" me and it works. There are some cautions that need to be put in place. I will lay out what I use if anyone is interested. If not... The first thing I use is trend. My opinion is that a pair is always trending. That statement got your attention if nothing else! Many disagree strongly. I find trends on every time frame for that pair. I use a variation of the "turtles". I have had VP for almost a year now and from time to time my frustration lead me to turn it off. But I paid for it. So I turn it back on again beacause I also paid for a year of CSI data. I use my finger on the mouse and my finger as my ONLY stop loss most often. I spend 12 hours a day infront of my computer trading, watching, worrying, laughing, playing pakman, watching movies (and the screen). All the while wondering why there are so many admonitions against day trading? Most of my weeks are 4 digit profits, if not 5 and I usually only trade GBP/USD and GBP/JPY. My slogan has become: "In the beginning was the word and the word was motion". I do not use an automated system because I do not think it is possible to automate a system that is trying to predict human emotion. With the current level of data and low tech level of our computers. The human mind handles millions of actions a minute. No currently availble "off the shelf" computer can get close to that level of action. The human "interface" is rediculously slow compared to my DELL. By the time a computer is as fast as a person Battle Star Galactica will most likely be a reality! While human emotion can be predicted it is a very spontaneous affair and a very changeable one. The markets are a reflection of human emotion.
I do not analyze charts I evaluate them! Technical analysis is what John Murphy does. I will never write a pgm for a new indicator! When I look at a chart I look for something of value to me! If I can't find it I look else where. There will always be a trend! Because there will always be a difference of opinion amongst the millions that makeup this planet! Thanks to one and all again I have enjoyed your contributions greatly.
have you got a few more pointers on how you trade with out a system and make good profits?
i too have vantage point and dont know what to do with it, can it help us with 5 min trading?
thanks
gb
BeachBum et al....

I too just upgraded to VP7.0, from 6.3... and wholeheartedly agree... its AWESOME! A big big improvement & step up from the past.

I'm amazed at people complaining about 'bloatware' etc, but to each his own, i guess.

I'm "loving" seeing how the new Strength indicator, used along with the trend indicators, predicted price action, & MACD/StochasticRSI... is/are a very very nice 'usually leading' indicator of trend changes...

It sure looks to me like, if we are patient to wait for 'the setup'.... the profits will easily follow.
Is there a Vantage Point based trading journal? I would like to see how this software is actually being used by someone who feels they have a handle on how to put it to good use. If there is one, please point me to it. If not, would someone kindly start one? I think that would be the best way to give others a feel for how the system works in practise.

January 19, 2007
 Dear Trader,
You can view this week's chart of the week by visiting www.tradertech.com/chartofweek.htm.
Darrell Jobman, Editor-in-Chief for www.TradingEducation.com, wrote an article about the advances in technical analysis over the past 30 years. He interviews several trading gurus including Louis Mendelsohn in the article. I thought you might find it interesting. You can read the article by Visiting Here.

As always, I wish you the best of luck in your trading.
Sincerely,

Marsha Jadoonath Market Technologies, LLC
Hi itme.....

There is a new website with information about using VP software. I've spent some time there with a view toward learning other ways to use VP or just improve on the current system I am using: http://www.traderchat.com/ HTH

Quoting itme
Is there a Vantage Point based trading journal? I would like to see how this software is actually being used by someone who feels they have a handle on how to put it to good use. If there is one, please point me to it. If not, would someone kindly start one? I think that would be the best way to give others a feel for how the system works in practise.
Quoting BeachBum
Hi itme.....

There is a new website with information about using VP software. I've spent some time there with a view toward learning other ways to use VP or just improve on the current system I am using: http://www.traderchat.com/ HTH
I'm getting a database error when clicking on the link? Is it working for you?
Quoting BeachBum
Hi itme.....

There is a new website with information about using VP software. I've spent some time there with a view toward learning other ways to use VP or just improve on the current system I am using: http://www.traderchat.com/ HTH

I can't get in either -- same response.

Trinity
  • Post #948
  • Quote
  • Edited at 9:54am Jan 22, 2007 5:07am | Edited at 9:54am
Quoting barney
have you got a few more pointers on how you trade with out a system and make good profits?
i too have vantage point and dont know what to do with it, can it help us with 5 min trading?
thanks
gb
I have no idea how one could use VP and 5 min charts. VP is End of Day data. I use a variation of the turtles concept which is trend following. I can always find a trend, on some time frame(!), for the same pair, except the last couple of hours each day and the beginning of each day, most of the time. I only trade in my "comfort Zone". meaning I don't trade if I don't like what I see in the charts/PA. Ditto for Stochastics (9,7,7) . Last point and the most important, I have spent some time watching the 2 pair I usually trade and have learned some (????????) of their quirks. Also I am in front of my computer all the time I am in a trade! I use candles also and pay attention to PA in candle fashion. I frequently find Pins as tops and bottoms of short (5,6,7 candles) moves. That and judgement!The most important action of a trader that I have found is "keep your pants on" you can lose them and your shirt! I can and do spend 10-14 hours aday in front of my computer.I am ther for the Asain, london and Ny opens! Paying attention to what is important is a must. While writing the first part of this I ws not paying attention to a trade and managed to loose a lot of money. I reevaluted the trade and got back the 3 Gs I lost and another 3 hundred. NOT a great way to go but it beats loosing it. Gross for the day is 1900.00. BE CAREFUL!
Quoting BeachBum
Hi itme.....

There is a new website with information about using VP software. I've spent some time there with a view toward learning other ways to use VP or just improve on the current system I am using: http://www.traderchat.com/ HTH
I tried getting to that site and had no success!? any pointers?
Hi everyone.............

I don't know what happened, but I can't get into this website either. My apologies.

I will try to check this out and get back to everyone later!
Vantage Point is not very useful in the Forex market. I would like to know of anybody other than one of their employees that are trading profitably with this system. It is a total scam. Go to Forexbastards.com and you will see what I mean. I bought it and would love for someone to take it off my hands. 75% discount for 6 currency pairs. After spending the past 2 years educating myself in forex, it is clear that Vantage Point could never come close to what an average trader could do by himself. The neural networks don't predict forex any better than basic Pivot Point calculations and the 80% accuracy number is all just smoke and mirrors. Beware!!!!!!!!
The first statement is not even reasonable. All you have to do is read this thread and learn how people who don't work for VP make money with this software.
The second statement: Good idea, read the VP reviews at this website and see that many people are happy using VP and say that. Those who aren't appear to be people who haven't been able to learn how to use it (including Douglas Lang).
VP is a tool, and like any tool, some people have an apptitude that makes it possible for them to use it effectively, some don't. If you don't have the apptitude, don't blame the tool, accept the responsibilty for not being able to use it as intended, but don't disparage those of who know how to trade with VP.


Quoting Douglas Lang
I would like to know of anybody other than one of their employees that are trading profitably with this system. It is a total scam. Go to Forexbastards.com and you will see what I mean.
Quoting Douglas Lang
Vantage Point is not very useful in the Forex market. I would like to know of anybody other than one of their employees that are trading profitably with this system. It is a total scam. Go to Forexbastards.com and you will see what I mean. I bought it and would love for someone to take it off my hands. 75% discount for 6 currency pairs. After spending the past 2 years educating myself in forex, it is clear that Vantage Point could never come close to what an average trader could do by himself. The neural networks don't predict forex any better than basic Pivot Point calculations and the 80% accuracy number is all just smoke and mirrors. Beware!!!!!!!!
VP is far from a scam and you would realized that if you took longer than 5 minutes to look through it and play with it. Many people make money using this and you can see that just by reading this thread. And I wouldn't put too much faith in ANY forexbastards.com reviews...
http://www.felixbastard.com/

LOL
  • Post #954
  • Quote
  • Edited at 9:38am Jan 22, 2007 9:12am | Edited at 9:38am
The "live" database can be found at the origingal link given by BB....www.traderchat.com

However, right now the server/database is experiencing problems. They should be up and running soon. Please DO NOT use the development server to post as, this server will not last.

Thanks.
  • Post #955
  • Quote
  • Edited at 9:58am Jan 22, 2007 9:27am | Edited at 9:58am
Quoting gbarton13
VP is far from a scam and you would realized that if you took longer than 5 minutes to look through it and play with it. Many people make money using this and you can see that just by reading this thread. And I wouldn't put too much faith in ANY forexbastards.com reviews...
http://www.felixbastard.com/

LOL
Forexbastards is a totally open forum. By the way felixbastard.com was set up by one of the biggest scammers in history after he was exposed by Felix. That guy was scamming people out of lifesavings for his bullshit forex course. If you took the time to find out you will see Felix is the most honest person in the forex industry right now. The fact that the reviews for VP are negative simply means that more people posted negative reviews that's all.

Although I think it is useful the problem I have with VP is they teach the wrong way to use the tool. That is why people are unhappy. You cannot blame people for complaining when they trade based on the manual that comes with VP. This is almost analogous to MSFT which expects there users to do QA for them.
Howdy Beach,

Nicely said Beach, I am tired of people knocking a product that they either don't own (I have a saying with politics is if U don't VOTE U have no opinion) or refuse to educate themselves with it. We say the same thing over and over and usually to the same people. I know I'm like U in not wanting these people to deny others the same opportunities and benefits we have gotten out of Vantage Point because they refuse to do something simple as read the post in this thread that you and others have taken the time to share with others.

So if you don't own VP get off this thread and go to one that U can trade with and stop wasting space and peoples time because there is NO basis to Ur claims. If you do, read the WHOLE(notice the caps) thread because there are methods for everyone and there are many veteran VP traders willing to help you.

Oh by the way I am not a Vantage Point employee

Fellow Pip Hunter

Bill
"When there is no peril in the fight there is no glory in the triumph."
Quoting williamk

So if you don't own VP get off this thread ......

Bill
I don't want to keeping going around on this topic, but the following statement warrants a response from me:

Forexbastards.com is open to all those who agree with it's creator. If not, you might as well forget about trying to post something that does not agree with the opinion of Felix. Read the VP reviews; one of them is favorable to the software, but is labeled "SCAM". Who did that? The writer or Felix? The facts speak for themselves, whether it's VP useage or the information on Forexbastards.com

Quoting zarni
Forexbastards is a totally open forum.
Quoting BeachBum
I don't want to keeping going around on this topic, but the following statement warrants a response from me:

Forexbastards.com is open to all those who agree with it's creator. If not, you might as well forget about trying to post something that does not agree with the opinion of Felix. Read the VP reviews; one of them is favorable to the software, but is labeled "SCAM". Who did that? The writer or Felix? The facts speak for themselves, whether it's VP useage or the information on Forexbastards.com
The people who rated it did that. You can rate it whatever you like. It's a democratic forum. If you rate it 1 it's a scam if you rate it 2 it's 'almost scam' if it is 5 it is the bomb. No need for conspiracy theories. I know the owner and he couldn't give a rats ass about what you rate VP at. He doesn't use vp nor does he have any affiliation whatsoever with them.
Like it or not that is what people rated VP at. And the question is why do you even care?? If you make money with it why do you care what other people say about it??
It's not a "conspiracy theory"...............but why would someone write how much they like using VP and praise it's value in their trading regimen and then give it a "SCAM" rating? Does that really make sense?........"I love this product but it's a total scam"? My thinking must be "old-fashioned" or something..........

Quoting zarni
The people who rated it did that. You can rate it whatever you like. It's a democratic forum. If you rate it 1 it's a scam if you rate it 2 it's 'almost scam' if it is 5 it is the bomb. No need for conspiracy theories. I know the owner and he couldn't give a rats ass about what you rate VP at.
Like it or not that is what people rated VP at. And the question is why do you even care. If you make money with it why do you care what other people say about it??
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