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Question for VEGAS and others using Vegas system..... 2 replies

Attachments: Vegas Wealth Builder - Part I
Exit Attachments

Vegas Wealth Builder - Part I

Hello
First I want to say thx to all the people who post in tis thread. I´ve learned from all of them
I´m a rookie trader and I have a doubt with the VWB model. For example EUR/JPY the level for reverse is 233 or higher. Does it means the candle has to close above or below this level or the price just has to touch 233 line to be in line with the rule??

TIA
Johann Channels and cycles are everything
Quoting jimred84
Thanks for the help. I'm sorry this is a really dumb question most likely but how do I select the different risk models? I think this is the problem. Cheers
Hi Jim,

When you drag your indicator on to the screen a dialogue box should open up.

Seletc the "Inputs" tab-- You should see the Line that says RiskModel with a #1 in the Box

Double click on the "1" and change to values 1 thru 4 Then enter.

This oughta work.

HJ
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
Quoting Tragapips
Hello
First I want to say thx to all the people who post in tis thread. I´ve learned from all of them
I´m a rookie trader and I have a doubt with the VWB model. For example EUR/JPY the level for reverse is 233 or higher. Does it means the candle has to close above or below this level or the price just has to touch 233 line to be in line with the rule??

TIA
Tragapips,

Once eur/jpy gets to this area it's time to sit up and take notice. You are looking for a reversal day of the type I point out in VWB. This signals exhaustion and is ripe for trade.

Just because the market hits the fib level does not mean you initiate a position.
vegas
Quoting Stop_Loss
Now this sucker has a 10 pip spread, and at first that wigged me out until I saw how fast it moves around. So I traded it a few times and liked it.

Vegas, is there any chance we can get an MT4 plugin for this currency pair?
S-L,

Yes, just use the 'Vegas Currency Daily' and use model #2 AND model #3 overlayed on top. Area of interest is when this market get to the 3rd line [233] or higher.
vegas
Quoting vegas
S-L,

Yes, just use the 'Vegas Currency Daily' and use model #2 AND model #3 overlayed on top. Area of interest is when this market get to the 3rd line [233] or higher.
Thanks so much!!
But now I have 9 currency pairs.
Crap! That doesn't line up very well on my monitor. I need an even number
How about the risk models for the ruble/peso pair ?
Stop_Loss -Its not a name, its a goal
Quoting Stop_Loss
Thanks so much!!
But now I have 9 currency pairs.
Crap! That doesn't line up very well on my monitor. I need an even number
How about the risk models for the ruble/peso pair ?
Would you settle for the "Monopoly Money/Pieces of Eight" pair instead? :
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
Quoting Stop_Loss
Thanks so much!!
But now I have 9 currency pairs.
Crap! That doesn't line up very well on my monitor. I need an even number
http://www.accrete.com/fx_posts/6mon.PNG

And with the Rub/Pez pair to round things off you'll have just two charts per monitor and you will still have one monitor free for I.E. to explore the Forums. . . but you might have to rearange the furniature.

Oh, and the fine print on the ad should include "Marty Feldman Eyes" are helpful.
I think I would have information overload.
Still haven't found what I'm looking for...
this thread and vegas' arrival are much to important to allow even the scent of a flame war. i know you all agree. jim
Quoting james16
this thread and vegas' arrival are much to important to allow even the scent of a flame war. i know you all agree. jim
Exactly. We have a really great thing going here and I would like to keep it going. I am really glad you "cleaned up" this thread.

Thank you.
Forex Trading: The hardest way to make easy money.
On occasion I am getting an alert on MT4....the bell sound and I can not figure out why. I have checked the journal but it does not list anything. The only thing I can think that may be triggering it is the VWB fibs or MA's moving???? Just my best guess so far. Does anybody else get these alerts or have I been watching the screen too much and getting some kind of brain overload??
Forex Trading: The hardest way to make easy money.
First, thank you all for the patience and willingness to work with newcomers to trading and VWB.

Are we now on alert regarding the USD/JPY and looking for the reversal Day?

How does the pending Non-Farm payroll announcement fit in to entry decsions?

_______
1235813
Bliss
Quoting Shorediver
First, thank you all for the patience and willingness to work with newcomers to trading and VWB.

Are we now on alert regarding the USD/JPY and looking for the reversal Day?

How does the pending Non-Farm payroll announcement fit in to entry decsions?

_______
1235813
Bliss
Yes, we should be on alert regarding USD/JPY and EUR/JPY looking for the reversal.

As far as the NPF I am going to defer that to someone with more knowledge than myself.

Shootist
Shootist - Have Pip Shooters Will Travel
Greetings from Melbourne, Australia.

EURJPY looks like it's reached stage-1 of reversal (Vegas D1 strategy). Maybe monday will show us more! (see attached chart)
I have a question for Vegas re GBPUSD (D1 chart):
1. 23-Jan ... cable broke FIB extreme
2. 24-Jan ... cable closed down
Did you go short sometime late on 24th? If not, why not ??
Also, "thanks" goes not really convey my gratitude to you Vegas and to all other contributors to this particular thread. I recognise the foundations of a solid system in what is being discussed here. I only wish I could contribute to the common knowledgebase.

Ron B
Attached Image
Quoting rjb1024
Greetings from Melbourne, Australia.

I have a question for Vegas re GBPUSD (D1 chart):
1. 23-Jan ... cable broke FIB extreme
2. 24-Jan ... cable closed down
Did you go short sometime late on 24th? If not, why not ??
Ron B
From Post #105 By Vegas Jan 25 '06
http://www.forexfactory.com/forexforum/showpost.php?p=39885&postcount=105

 As I write this, gbp/usd has put in a reversal day at the outer fib number. The market has been very bullish lately, with "experts" all over the place predicting future price action. All I know is that I got my signal and I'm short [like I described in a past post] with stop above the reversal high.

Will I be right? I don't care, because I did what I am supposed to do. I am simply picking marbles out of a bag.
Hi
Thanks for your response Bemac. I had previously read post-105 and noted that Vegas wrote it on Jan-26 (which was a down day too). I would just like to know why he did not go short GBPUSD on Jan-24 (2 days earlier). Based on vwb.doc, I would have figured that the down bar on Jan-24 signaled a reversal (50% retracement). I read all this thread postings very carefully and being a fx noob, I took the writings of Vegas quite literally. My knowledge of vwb would be enhanced by knowing why Vegas passed on the Jan-24 short signal, if indeed that is what he did. I hope I haven't offended anyone.
Sorry to waste your time, Vegas.
r.
Quoting rjb1024
Hi
Thanks for your response Bemac. I had previously read post-105 and noted that Vegas wrote it on Jan-26 (which was a down day too). I would just like to know why he did not go short GBPUSD on Jan-24 (2 days earlier). Based on vwb.doc, I would have figured that the down bar on Jan-24 signaled a reversal (50% retracement). I read all this thread postings very carefully and being a fx noob, I took the writings of Vegas quite literally. My knowledge of vwb would be enhanced by knowing why Vegas passed on the Jan-24 short signal, if indeed that is what he did. I hope I haven't offended anyone.
Sorry to waste your time, Vegas.
r.
rjb1024,

Just because the market was down that day doesn't mean it gives a signal to sell. There simply was no sign of exhaustion that day that manifested itself into a sell signal [candle formations].

As to the 50% retracement, what happened on the 24th has no bearing on a signal unless it would have taken out the low of the previous day [the 23rd, which it didn't]. If it had, it would have been a classic outside reversal day which would have triggered a sell signal. The 50% retracement is only a day rule and does not carryover to the next day. Once you have recognized a potential reversal day in progress, then you can use this 50% retracement rule.

Although the 24th did produce a new high, the price action was not characterized by anything resembling panic buying that is normally seen at tops. That came the next day when buying that powered us up to the 1.7930 area was quickly met with selling that took it below 1.79. I'll have more on recognizing this in VWB Part II.
vegas
Quoting vegas
rjb1024,

Although the 24th did produce a new high, the price action was not characterized by anything resembling panic buying that is normally seen at tops. That came the next day when buying that powered us up to the 1.7930 area was quickly met with selling that took it below 1.79. I'll have more on recognizing this in VWB Part II.

Vegas, Please correct me if I'm wrong.{again} But in an effort to make sure EVERYONE understands you, I would like to offer this definition.

panic buying: {in the mind of Bemac only} Epitimises the event that occurs when Holders of SHORT contracts run for the Fire Exits because they suspect there is much greater UPSIDE potential forthcoming.

Comments {particularly from de man} on whether this offers a short scalp opportunity from the stall level would be welcome.[ie. the red dot of the bullseye for De Bears]
Quoting Bemac
Vegas, Please correct me if I'm wrong.{again} But in an effort to make sure EVERYONE understands you, I would like to offer this definition.

panic buying: {in the mind of Bemac only} Epitimises the event that occurs when Holders of SHORT contracts run for the Fire Exits because they suspect there is much greater UPSIDE potential forthcoming.

Comments {particularly from de man} on whether this offers a short scalp opportunity from the stall level would be welcome.[ie. the red dot of the bullseye for De Bears]
Bemac,
I would add a couple of things to your definition. Add to the list everybody who has been waiting for the break to buy and it hasn't materialized. They throw in the towel and buy at any price. Also add to the list all those spec scalpers who see easy money on the long side. In the final analysis, there is nobody left to take it higher.

Yes, there is a scalp opportunity. I get into this in VWB Part II.
vegas
First of all thank you very much Vegas - this is my first post in this forum.
Now - I have a very simple question - There is something i don't understand/
I downloaded files of the mq4 - I put it in the experts in mt4.
I compiled it - tells me there are no errors but when i click on the ea twice it doesn't open - what seems to be the problem?
Is there anything I do wrong?

Can someone help me do it correctly?
my messenger is: [email protected]
I will be happy to get some help -THX

p/s - i am new to all this.
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