VantagePoint discussion thread

Have you ever considered he clicked on 1 instead of 5 by mistake?
My question to you is why do you care?

Last post be me on this topic:

Because I do not abide misrepresentation, in part, because it misleads the inexperienced.

And yet you do exactly that about forexbastards...
Just look at how many people posted scam rating and you make a judgement on just one person who most probably made a mistake in selecting the rating.

To me VP is neither what the company makes it out to be nor a scam. It is somewhere in the middle. Talking purely product. For sales tactics they are no doubt as bad as used car salesmen.

Regardless, I think all these posts are doing a favor to the inexperienced. VP is not a good option for a beginner in my mind.

Hey,

I've developed & used neural nets in the aerospace engineering world... to predict lifetimes of satellites in orbit no less!.... and have seen what they can do when structured, trained, and used properly... they are actually rather astounding multi-dimensional 'curve fitting' / 'surface fitting' machines... Not perfect... but still, very impressive.

And let me just say... VP7.0 is really really awesome.

They've tackled a very significant problem, truly very multi-dimensional and dynamic, in a very robust way... and made it work!... multiple nets produce the various predicted values, do you realize that?... and come ON, 25 markets now in VP7.0 for intermarket analysis? THATS PHENOMENAL! No wonder we see improved accuracy now. I doubt any of us is able to assimilate, weight and respond profitably to even 1/2 that much info... but it all DOES affect the price action of the markets we're interested in...

On more than one occaision, I've been in the situation where the day's candle and other 'indicators', from somebody-or-other's method, were saying a market was headed a certain direction... but VP was saying 'nope', 'its going the other way pardner'!... and more than once, I've followed the 'conventional recommendations'.... only to learn, at the end of the next day, 'Vantage Point was right'!... so Now, I listen to VP... the nets often 'know' more than I do.

To be fair, I'll add, I too struggled for months to use VP to profitability. That has changed. And now, with VP7.0 adding other indicators we know & love, like PREDICTED stochastic, MACD & RSI... the way onto 'the yellow brick road' is even clearer.

For example, it is now SO very EZ to implement WilliamK's "4 out of 5" method described in this thread... visually!, in VP7.0... where you know the backtest & forward test results he & others have done put you in the ~80% probability area.... that's as close to 'holy grail' as we're ever gonna have! -- -- because our world is always going to be full of the unexpected & unscheduled/ unplanned events that affect things, 'at the drop of a hat'...

If you hate it, don't trust it, whatever... that's fine.... use something else... but I for one, and plenty of other people in this forum, are relying on all the many pieces of info VP gives, to very successfully make trading decisions.

<p.s. and I don't work for Market Technologies/VP or anything like that either!...>

OK. Soap box done. Thanks for reading. Cheers!

WilliamK, BeachBum, Zarni and anyone trading succesfully with VP

When you are in a trend with VP, How are scheduled news events effecting your trades?

How are you handling the news event days like these?

http://www.forexfactory.com/images/m...mpact_high.gifHigh Impact

http://www.forexfactory.com/images/m...act_medium.gifMedium Impact

Do you Tighten your stops, or get out of ahead of time?

Could you please enlighten the rest of us.


Thanks

Cyclone

Trading technically is usually suicide before major events unless you have insider info and then that is not technical trading.

If you feel like living on the edge trade away. I trade announcements separately from any technical trading system and that works much better. If you have can see interbank orderflow you can get a heads up as to what the numbers will be esp if you can identify who the players are. It's about a 75% chance from my experience doing it that way.

Good evening one and all.

I am just wondering if any of you more enlightened characters alter the default settings when configuring markets?

For instance, if I want to configure BP, the default setting is a continuous contract, (as for all the intermarkets too) rather than a cash or specified contract month. Not sure if there is any advantage to changing to either a cash contract or specific month. Perhaps the old adage of if it ain't broke......

Be grateful for any input people have to offer-and yep, I have been through the thread and can't see any commentary on this subject.

Many thanks



Kermit

WilliamK,

Today I had a bad trade on USD/CHF on 4/5 method that looked like a great setup to go short on 1/23/07. It actually went up strong on 1/24/07 with no news I could see that would have affected this setup.

Can you please advise if this was one of the 10-15% bad trades that we have no control over?

Thanks

PEDRO

Pedro,

Yes buddy U have found 1 of the 15% lossing trades. I took the same trade and got stopped out. So U were right on with the decision to take the trade.
Remember Murphy's Law of trading (& I don't know when U started trading live) but usually the 1st couple of trades U take are those 15% lossers so that why money management is VERY important. I believe I sent U my Lot Caculator spreadsheet, use it because these Lossing trades will come that I can guarantee.

But using this method has captured me well over 2,500 pips for this month so far. Granted the crosses have been on a tear this month but it works.

Stay the course buddy. Anything I can help U with let me know.

Fellow Pip Hunter
Bill

Howdy all I want to post the Lot Caculator which is a Excel spreadsheet can anybody help with this process.

Thanks in advance

Fellow Pip Hunter
Bill

Did you try the "attach files" section below your posting?
I'm not sure if there's another way besides this??

Pedro

Would you care to post the actual readings, with the VP date, that made you take this trade? My readings of the indicators on VP close of Jan 22 don't support a trade.

Trinity

Trinity,

Thanks in advance for your help.

The Values that I had for the Short setup were:
PIndex: 0.00
PHighDiff: -.0038
PLowDiff: .0005
PTSDiff: -.0018
PTMDiff: -.0009

Open: 1.2488
High: 1.2515
Low: 1.2377
Close: 1.2427

Thanks,

Did you use a confirming indicator such as Stochastic and Macd.

If you want more info on using confirming indicators, check these videos out.

http://www.forexfactory.com/showpost...&postcount=851

Cyclone

I used the new predicted stochastic from VP 7.0 and it was also breaking down.....

WilliamK,

Now USD/CHF is pointing up this time for taking LONG....

However Stochastics are above 70% (predicted 68%)

Would you take this trade? I am not sure how to tell if its just sideways trading....

--------------

Howdy all,

Here is a link to my Lot Caculator spreadsheet. You may have to signup with Google to use it. It's free. This is the only way I know how to post it here. This is a web based spreadsheet.
Fellow Pip Hunter

Bill

http://spreadsheets.google.com/ccc?k...0K31H2u_vji9Xw

I wish the New VP7 allowed Stochastic and Macd at the same time.

IMHO

It could be you just hit one of those bad trades. I have been going through Data from Jan 1995 to Dec 2006 on vp63 trying to get an optimal stop loss to use. Previous Days Close, Pivot Points, Average True Range... still looking for others to use.

If possible when you are trading a live account, maybe you should do a demo account with multiple stop losses on the same trade to find which one you are more comfortable with. Maybe you should also try different trailing stops at the same time.

Maybe try setting up each market for short, medium, long term charts, daily report. Also remember VP7 uses a predicted Stochastic, Try to comfirm it with Macd on a seperate charting package.

Cyclone

Hi Pedro

Re the USDCHF trade: I am assuming that you used the close of trade VP indicators (readings) for Jan 22 to trade on Jan 23. I use VP 6.3 ( am changing to VP 7.0)

I use CSI data and my readings don't agree with yours - to be expected, I guess.

However, I shall state my reasons using the indicators I like, and show why I would not have traded. I prefer to use the chart indicators rather than just look at the numbers.

1)The forecast (Predicted) High and Low show almost flat on the chart (very slightly down).
2)The forecast (PhighDiff, PlowDiff) have a very small range, slightly down, between 0.0 and 0.0046, on the chart.
3)The PTMDiff/PTSDiff are flat, and at 0 or just above, on the chart.
4)The Neural Index is 0 (prev 0), and Strength -0.09 (prev -0.12)
5)The range of the Phigh and Plow is 97, which seems to be quite reasonable.

This indicates to me the probability that the pair will do little over the 24 hours of the 23rd. I look for stronger indications of a move before trading.

I look at the 4 HR MT4 chart, and the 15Min, and like to see the Daily Trend agreeing or changing, but the last (daily) is not essential if you are targeting a range within the Phigh/Plow and have good indications from VP. I also prefer to see BB's 9/7/7 stochastic (4HR) agreeing.

Hope this helps.

Best regards
Trinity

Thanks Bill for posting this. For all you non google users here is a zip file for everyone else.

Cyclone