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Vegas Wealth Builder Part III

  • #81
  • Nov 14, 2006 11:09am Nov 14, 2006 11:09am
weird

i all of a sudden starting getting signals egain. last signals were to buy GBPCHF and sell EURGBP
  • #82
  • Apr 19, 2007 12:28pm Apr 19, 2007 12:28pm
Clam, I would like to reason with you on something. First a question, if you don't mind. What do you do for a living?
The Ever Venomous VIPER
  • #83
  • Apr 19, 2007 1:23pm Apr 19, 2007 1:23pm
I do research in the field of computer science and applied mathematics
  • #84
  • Apr 19, 2007 6:42pm Apr 19, 2007 6:42pm
Clam, outstanding. Now think about this how long did it take for you to get your sheepskin? Did you do post grad work, how long? And I am sure it took you a while before were left on your own to do what you do without close supervision.
Trading is the same, it takes time to learn. There are no systems that work in all markets all the time, I trade OPM and have about 6 different stratagies that I use, why, because the market is alive, it has good moods bad moods, it can be lazy one min, then hyperactive the next. And the reason for this is the engine that moves the markets, no not news, fundamentals, or Jim Cramer, it is human emotion. If you can control your emotion while the rest around are losing theirs, you will make money. So many system designers have and will continue to blow up, because they cannot or will not adapt, in other words admit that "my" system is not working.

But here is the secret of forex, or at least one of them, its open 24 hours, with a good broker you CAN learn how to trade part time, either evenings, AUDUSD or early mornings USDCAD. You will need to invest in a good charting program, an independant data feed, and some of A. Elders books.

There is more of course, but this is a start, learn to do it yourself, and get at least 3 stratagies that work to start with. Trade minis, and expect to lose until you dominate your emotions. Never get too high or too low.
The Ever Venomous VIPER
  • #85
  • Apr 19, 2007 11:25pm Apr 19, 2007 11:25pm
Quoting PitViper
Clam, outstanding. Now think about this how long did it take for you to get your sheepskin? Did you do post grad work, how long? And I am sure it took you a while before were left on your own to do what you do without close supervision.
Trading is the same, it takes time to learn. There are no systems that work in all markets all the time, I trade OPM and have about 6 different stratagies that I use, why, because the market is alive, it has good moods bad moods, it can be lazy one min, then hyperactive the next. And the reason for this is the engine that moves the markets, no not news, fundamentals, or Jim Cramer, it is human emotion. If you can control your emotion while the rest around are losing theirs, you will make money. So many system designers have and will continue to blow up, because they cannot or will not adapt, in other words admit that "my" system is not working.

But here is the secret of forex, or at least one of them, its open 24 hours, with a good broker you CAN learn how to trade part time, either evenings, AUDUSD or early mornings USDCAD. You will need to invest in a good charting program, an independant data feed, and some of A. Elders books.

There is more of course, but this is a start, learn to do it yourself, and get at least 3 stratagies that work to start with. Trade minis, and expect to lose until you dominate your emotions. Never get too high or too low.
hi pit

good advice, but i dont know why you're telling me this. i never trade on emotion, only mechanical systems

i was basically saying that the vegas 1 hr system is not purely mechanical and is thus flawed.

the vwb system is mechanical and it does not work.
  • #86
  • Apr 19, 2007 11:33pm Apr 19, 2007 11:33pm
Quoting clam61
hi pit

good advice, but i dont know why you're telling me this. i never trade on emotion, only mechanical systems

i was basically saying that the vegas 1 hr system is not purely mechanical and is thus flawed.

the vwb system is mechanical and it does not work.

a system that is not purely mechanical is flawed? i am assuming you mean flawed for you
  • #87
  • Edited 3:29pm Apr 20, 2007 8:18am | Edited 3:29pm
Quoting mbqb11
a system that is not purely mechanical is flawed? i am assuming you mean flawed for you
if you are trading on emotion and what you hope is going to happen then the system is flawed.

even if you do not have a mechanical system defined, if you always use a set of rules to decide whether or not to take a trade and a set of rules on how to exit and move stops then you have a mechanical system.

its not to say that a non mechanical system could not make money for you, its just that it could be better if you take out your desire to hope and predict what the market will do from your decision making


this is of course, based on the assumption that no one can predict the market accurately and precisely by this term I hear thrown around here quite a bit aka the knife, "intuition"
  • #88
  • Apr 28, 2007 12:53am Apr 28, 2007 12:53am
Quoting clam61
the vwb system is mechanical and it does not work.
Would you mind posting your trade history and results using the system?
  • #89
  • May 7, 2007 6:24am May 7, 2007 6:24am
Quote
btw, the knife sucks. if you follow it mechanically it will lag big time. then you gotta set your stop big..which means you buy smaller lots. that also means your profits are a lot less. its better to trade pure 4hr price action using fib levels for profit taking. thast what i did. but using the mechanical knife system alone is pretty much crap. the creator himself says that his knife trading is so intuitive. well thast great but if your marketing a mechanical system, there shouldnt be much room for subjectivity. luckily i demo'd before trying it out.
Really? Diallist what are your thoughts on this? In fact does anybody else agree with this comment?
  • #90
  • May 7, 2007 7:04am May 7, 2007 7:04am
Quoting YardiePips
Really? Diallist what are your thoughts on this? In fact does anybody else agree with this comment?
I don't for one.
GOD IS NOT SHORT OF CASH
  • #91
  • May 7, 2007 7:10am May 7, 2007 7:10am
Quoting YardiePips
Really? Diallist what are your thoughts on this? In fact does anybody else agree with this comment?
I'd replace the word 'knife' with 'traders'.
Traders who fail to understand the system and blindly follow signals will fail tremendously. IMO, knife combined with j16 PA is the best thing , you can get out of FF.

BTW. there was a knife signal (usd/cad) on March 9, which triggered my sell order. I'm still in it with 30% of original position....
  • #92
  • May 7, 2007 8:14am May 7, 2007 8:14am
Quoting raczekfx
I'd replace the word 'knife' with 'traders'.
Traders who fail to understand the system and blindly follow signals will fail tremendously. IMO, knife combined with j16 PA is the best thing , you can get out of FF.

BTW. there was a knife signal (usd/cad) on March 9, which triggered my sell order. I'm still in it with 30% of original position....
Well said.
GOD IS NOT SHORT OF CASH
  • #93
  • May 7, 2007 8:22am May 7, 2007 8:22am
Quoting raczekfx
I'd replace the word 'knife' with 'traders'.
Traders who fail to understand the system and blindly follow signals will fail tremendously. IMO, knife combined with j16 PA is the best thing , you can get out of FF.

BTW. there was a knife signal (usd/cad) on March 9, which triggered my sell order. I'm still in it with 30% of original position....
Gotta love that KNIFE!!
  • #94
  • May 28, 2007 2:20pm May 28, 2007 2:20pm
Anyone, What happened to this thread? I thought it was about the Vegas Wealth Builder III and, for awhile at least, it seemed to be. But, I haven't seen a post by Vegas in quite awhile. I know it was getting a little contentious and maybe that was the reason. Anyhow, it was good for a little while. Bob
Hej.
  • #95
  • Jun 4, 2007 2:41am Jun 4, 2007 2:41am
hello tribune friends,
to need indicators vegas and description. where to be able to find?
thanks
eagle
italy
  • #96
  • Sep 5, 2007 9:37am Sep 5, 2007 9:37am
I am in Colombia and I am a lawyer. I agree with Vegas they exist many scripts that can be very ugly with the wife and the children. In america and in any place of the world where the wives when they stop the husband to want they continue wanting their money.
Ricafuente
  • #97
  • Sep 10, 2007 12:49pm Sep 10, 2007 12:49pm
?Rica que rayo tu estaba hablando chico?

El Serpiente Venenosa VIPER
The Ever Venomous VIPER
  • #98
  • Sep 11, 2007 5:13am Sep 11, 2007 5:13am
Quoting tradeviper
?Rica que rayo tu estaba hablando chico?

El Serpiente Venenosa VIPER
jajajaja ese es un dialogo que el computador puso de manera desordenada y que corresponde a otra conversación mi apreciada y venenosa amiga
  • #99
  • Sep 11, 2007 4:04pm Sep 11, 2007 4:04pm
Oye' esta acabando, soy amigo.


El Famoso MACHO Vibora VIPER
The Ever Venomous VIPER
  • #100
  • Sep 12, 2007 4:07am Sep 12, 2007 4:07am
Quoting tradeviper
Oye' esta acabando, soy amigo.


El Famoso MACHO Vibora VIPER
Again error of translation my appreciated and MALE friend.
I want to share the method that I apply in the VWB having as points of to enter or to leave the signs of the PARABOLIC SAR or the crossing SMA to the closing of 5 and 8 in diary periods. That that you of first.
The order of Stop Lost in the point of the parabolic one.
Do you know the knife? I am thinking of subscribing.
Friend,
RICAFUENTE.

Nuevamente error de traducción mi apreciado y MACHO amigo.
Deseo compartir el método que aplico en el VWB teniendo como puntos de entrar o salir las señas del PARABOLIC SAR o el cruce de SMA al cierre de 5 y 8 periodos en grafico diario. Lo que se de primero.
La orden de Stop Lost en el punto del parabólico.
Conoces el knife? Estoy pensando en suscribirme.
Amigo,
RICAFUENTE.
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