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  • #221
  • Mar 17, 2009 2:38pm Mar 17, 2009 2:38pm
From the 1.3071 high on CPI news price action has been trapped in a consolidation range whipsawing above and below 1.3000. Be aware of these conditions where price is trapped in a range with lots of attacks and counter-attacks around an important psych level. Many systems will not cope with this and hence the lack of coherence in the price action.

Fortunately we are smart enough to know don't sell near support and we don't buy near resistance. As soon as I realised what was going on I quit for the day and got some extra sleep. Now feeling refreshed for the time when market conditions are favourable. RD

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  • #222
  • Mar 17, 2009 5:10pm Mar 17, 2009 5:10pm
Hi robdee,

first thank you again for the wonderful thread (and please excuse my bad english).
Today I had my problems with the situation with the short-signal at 1.2950.
For sure you are right that we have to recognize the support around 1.3000, but for me it's every time a problem to differentiate the various support- and resistance-lines (fibo, normal s-r-lines, etc.). the more s/r-lines are on the chart the more difficult is it to analyze, what s/r is important and what not. Pherhaps you can tell something about that problem and your own perspective of managing the various s/r-lines.
(Please don't understand me in the wrong way. Your system is really a big help for me and even in a situation like today, if someone had made this sell, he would had a lot of posibilities to leave the trade with a small loss.)

Thanks again for your great work and your help, Erik
  • #223
  • Mar 18, 2009 6:19am Mar 18, 2009 6:19am
Quoting robdee
Welcome to vForce

All the files you need are in post 577 (they are not zipped)
http://www.forexfactory.com/showpost...&postcount=577

Everyone should be using those files. Delete all the old versions please. RD
Thanks Robdee,
Another question... I trade about 80% of my trades on my phone, and cannot install custom indicators. I need the E-mail alerts to let me know when something is setting up. On the E-mail setup, do I put vforce alert in the 'mail from' section or is there a e-mail address that has to be entered? If so, what is that address. Thanks again for all the work you and FJ have put into this market.
Mike
  • #224
  • Mar 18, 2009 3:27pm Mar 18, 2009 3:27pm
Quoting mprincehorn
On the E-mail setup, do I put vforce alert in the 'mail from' section or is there a e-mail address that has to be entered? If so, what is that address.
MT4 [Tools.Options.Email]

In my screenshot (post 577) I show
[From: vForceAlerts, [email protected]]

This means when you receive the email Alert it comes from your address but with the sender's name 'VForceAlerts'.

Where you see [email protected] you need to replace with your own ISP email address.
This is so your ISP's mail server will accept the message as being from you. Otherwise they will block it.

The To: address is more flexible, for example you can put in your mobile phone email address or whatever you like.

Everywhere you see company.com you need to replace with your own ISP's domain name.

For more info on email setup click the [Help] button on that MT4 window.

Enjoy! RD
  • #225
  • Mar 18, 2009 3:41pm Mar 18, 2009 3:41pm
Quoting morander
...the more s/r-lines are on the chart the more difficult is it to analyze, what s/r is important and what not. Perhaps you can tell something about that problem and your own perspective of managing the various s/r-lines.
Erik, I like your good attitude to learning and trading.

I recently decided that I had too many lines on my screen. As you know this makes it harder to make a decision. I am looking for the 40 pip moves so I'm not interested in 10 pip moves in between all those lines.

Now, my basic setup is monthly/weekly pivots plus 1 fibo plus 2 trendlines. I will remove the pivots if nothing is happening at those levels, just to clean up my screen and make it easier to see what is happening.

Manually drawing previous S changing to R is also a favorite. I use a rectangle for this to make a wide 'area' of s/r.

In summary the less lines the better in my current practice. RD
  • #226
  • Mar 18, 2009 7:54pm Mar 18, 2009 7:54pm
Thanks a million FJ/RD for this great trading system. I believe this is what I was looking for a long time.
  • #227
  • Edited 1:31pm Mar 24, 2009 1:15pm | Edited 1:31pm
Hope didn't write anything to make this thread dead at the moment:-)

Anyway, I still think this system is an excellent one. The trick is when you get the signal, you must make the secondary decision (which in not part of this system), is to know if you are buying into the support/resistance area. If you can filter out this special condition, this system with only 10pips TP can easily get you 80% or more hit rate. This is my personal opinion.

The current sell-stop signal @ 1.3482 doubt will be triggered, but if it gets trigger in the next couple candles, I wouldn't sell into that area, specially with that big hammer which occured around 11AM EST.

Best of luck.
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  • #228
  • Mar 24, 2009 1:25pm Mar 24, 2009 1:25pm
About those buy-stop signals @ 1.3577 & 1.3556 which occured in early NY session, I wouldn't worry about. I do the same as FJ, well almost. I stay away from early NY session, but would take those signals (if no FOMC news) after 11AM EST.
  • #229
  • Mar 24, 2009 2:52pm Mar 24, 2009 2:52pm
Confirmation signal came a bit late (after 4 candles)...No trade was triggered.
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  • #230
  • Mar 25, 2009 10:15pm Mar 25, 2009 10:15pm
  •  Nimrod
  • | Joined Oct 2008 | Status: Energy and persistence conquer all | 168 Posts
Hi FJ and fellow vforce enthusiast,

I thought I like to give back on what I know how to trade vforce system.I m still a newbe and tried many system out there but I seem very comfortable with this method.I know that the vforce has a stoch input in the package indicator that we cant see in the background but I like to contribute a stoch setting of 14,3,5 that we can use to see when to exit and incoprate money management.I use the stoch and Fib level as a guide for exit and continuation of the trade.
We must not forget where the PA is i.e we have to look at where the nearest pivot ,S/R, trendline and news time.These are factore that we have to look into when we enter and exit.
have a looka the pic and what do you guy think
Just my 2cent
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  • #231
  • Apr 6, 2009 10:10pm Apr 6, 2009 10:10pm
I'm doing very well with the vforce system on the EUR 15 min time frame. I'm trading mini lots on a live account and am having about a 80% success rate. I' only trade one signal per day. That signal being the very end of Asian session of Frankfurt but most likely the first signal in London session. I don't trade NY session or most all of Asian session I don't trade it as the signals are less reliable. I go for at least a 20 pip tp with some trades lasting longer than 50 pips or even more. I think it's a great system for people who are new to forex as the rules are extremely simple. Experieced traders can enjoy continued uncomplicated success. The alerts are great and i turn my speaker up loud and they do wake me up if I'm sleeping. Excellent system. I've paid hundreds of dollars for many other systems that don't come close to matching up with the success you can have with vforce EU. Great going and thank you. You guys should do seminars across the United States showing people ( and charging them) on how to trade profitabley and consistently. God Bless You, Paris
  • #232
  • Apr 7, 2009 4:13am Apr 7, 2009 4:13am
Hi,

Just curious, as I know it's trivial.

How come this Sell candle was green and not red??

Thanks.
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  • #233
  • Apr 7, 2009 11:31am Apr 7, 2009 11:31am
Quoting hohgch
Hi,

Just curious, as I know it's trivial.

How come this Sell candle was green and not red??

Thanks.

I know what you're talking about. I got fooled on that last night as well. The signal went off at 4:30am EST and the alerts sounded and popped up but it was a green candle instead of red!!!!!!!!!!!!!! The signal would've been good for at least 50 pips. Just trust the alert. Sometimes it may be green candle instead of red or blue. That's the first time I've seen this happen. But anyway, the signal was profitable. Just trust the alerts. Paris
  • #234
  • Apr 7, 2009 4:08pm Apr 7, 2009 4:08pm
The latest maintenance update of VFA has been posted in the other thread.

vForceAlerts BrokerEuroSymbol Update V20090408
http://www.forexfactory.com/showthre...55#post2656655

Also, if anyone has candle painting issues please ensure you have the correct template and re-apply if necessary. The templates are different for different versions of VFA.

MT4 has buffer refresh issues that I can only resolve on my own charts by re-applying the template every time I see something I don't think is right.

Enjoy! RD
  • #235
  • Apr 7, 2009 4:35pm Apr 7, 2009 4:35pm
Quoting Paris Hilton
...I only trade one signal per day. That signal being the very end of Asian session of Frankfurt but most likely the first signal in London session. I don't trade NY session or most all of Asian session I don't trade it as the signals are less reliable.
PH thanks for your feedback. Great to see you have taken the time to learn this system and are enjoying the success!

Your comments about the best time of day to trade vForce are interesting because they fit in well with my recent analysis of March VFE trades as in this graph below.

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19:00-23:45 has also been good but 6:00-9:00 gmt is the best. RD
  • #236
  • Apr 7, 2009 6:44pm Apr 7, 2009 6:44pm
Hi guys, I was testing out the first papertrade with VForce. The pending order was filled and I got caught out.

Was it a valid entry or did I do something wrong? Or this is just one of the 30% that trades don't go the vForce way?

Thanks for advising!

BTW I'm using FXPro so timing is GMT+2.
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  • #237
  • Apr 7, 2009 9:32pm Apr 7, 2009 9:32pm
Quoting protyne
Hi guys, I was testing out the first papertrade with VForce. The pending order was filled and I got caught out.

Was it a valid entry or did I do something wrong? Or this is just one of the 30% that trades don't go the vForce way?

Thanks for advising!

BTW I'm using FXPro so timing is GMT+2.

That trade was during NY session where it is sometimes less reliable. I think you'll have more success with the vforce during London session. Paris
  • #238
  • Apr 7, 2009 10:48pm Apr 7, 2009 10:48pm
Quoting Paris Hilton
That trade was during NY session where it is sometimes less reliable. I think you'll have more success with the vforce during London session. Paris
Hi Paris, are you suggesting to trade before the last 4 hours of London session before NY market will overlap?

Also I've put in the Fib/SR lines but they look like its major resistance. So doing a long into a resistance was fundamentally wrong?

Thanks!
  • #239
  • Apr 7, 2009 11:14pm Apr 7, 2009 11:14pm
I suggest when the london session just opens .
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  • #240
  • Apr 7, 2009 11:27pm Apr 7, 2009 11:27pm
Quoting geico
I suggest when the london session just opens .
yes i agree. I'll trade the hour before London session opens to the first 4 hours of London session is a go for me. As far as S&R levels, I'll trade into them because of the big push you get from london's volatility. Paris
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