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'Vegas Wealth Builder Part II'

  • #41
  • Feb 6, 2006 2:52am Feb 6, 2006 2:52am
Quoting vegas
gorilla,

currently trade.
If you haven't received VWB Part II, send request to [email protected]

I'll be back in about 5 hours everyone; the night shift just showed up and I'm going to bed.
Sleep well Mr. Generousity! It is times like this when simply saying "Thank You" is not enough. We need a special, powerful version for such occasions as this. May I suggest VTY? (VEGAS THANK YOU) as a most powerful alternative?


VTY!!!
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #42
  • Feb 6, 2006 2:54am Feb 6, 2006 2:54am
Everyone,


I have attached VWB II to the first post of the "Vegas Wealth Builder - Discussion" thread, to accompany the other three Vegas documents which already reside there.

Here is the link to that thread:

http://www.forexfactory.com/forexfor...ead.php?t=4113


Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #43
  • Feb 6, 2006 3:04am Feb 6, 2006 3:04am
Quoting diallist
Everyone,


I have attached VWB II to the first post of the "Vegas Wealth Builder - Discussion" thread, to accompany the other three Vegas documents which already reside there.

Here is the link to that thread:

http://www.forexfactory.com/forexfor...ead.php?t=4113


Dial
Thank you too dial for being so organized.. It's one thing that I'm always working on..
  • #44
  • Feb 6, 2006 3:14am Feb 6, 2006 3:14am
Quoting eastmaels
Thank you too dial for being so organized.. It's one thing that I'm always working on..
Heh heh, you wouldn't say that if you could see my desk. :

By the way, thanks for that post you made on my behalf the other day. I really appreciated it. Just as I appreciate knowing you.

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #45
  • Feb 6, 2006 3:33am Feb 6, 2006 3:33am
Quoting diallist
Heh heh, you wouldn't say that if you could see my desk. :

By the way, thanks for that post you made on my behalf the other day. I really appreciated it. Just as I appreciate knowing you.

Dial
LOL.. Well, at least you're making up for it on-line..
As for my post, the one that got deleted?
That was nothing man.. Due credit to those due it (or something like that...)..
It's the least I can do to appreciate what you've given here..

Anyway, let's get back to the topic here.. I'm getting a little mushy.. LOL..
  • #46
  • Feb 6, 2006 9:50am Feb 6, 2006 9:50am
Hi Vegas,

thanks for all your effort. Will u also set up the forum function at your C2 PAP site? - Do you start trading today? This is a perfect setup and will show in real life how good the system is

Thanks again,

Fingotrader
  • #47
  • Feb 6, 2006 12:05pm Feb 6, 2006 12:05pm
What exactly is this Collective2 business you guys talking about?
  • #48
  • Feb 6, 2006 5:13pm Feb 6, 2006 5:13pm
Quoting vegas
xspowerx,
The futures open is at 3:00 p.m. Chicago time, and is the start of the next day
Vegas, so what would you define as the start of the next trading session or day if we weren't trading currency futures? The market open of each currency? 12 p.m gmt? The way each candlestick is defined in MT4? Or stick to 3 p.m Chicago time since thats what you trade by?
  • #49
  • Feb 6, 2006 5:48pm Feb 6, 2006 5:48pm
Quoting WTB
What exactly is this Collective2 business you guys talking about?
This is the subject of all of Chapter 4 of the VWB II. It is fully described in that chapter.
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #50
  • Feb 6, 2006 8:55pm Feb 6, 2006 8:55pm
Vegas! A big VTY! to you as dial has coined the usage! Thank you sir for your generous offerings.

There are several parts of the VWB2 that are not clear to me, but rather than write a 10 page post, allow me to focus on just one paragraph in your fine document. It is the one that appears right before chart #3 and is says this:

Quoting VWB II

Two things need to be pointed out here. First, the faster [and more violent] the 50% area is taken out, the better the chance of a reversal day. Second, the higher the range, the greater the probability the move is over if the 50% area is taken out. Since we are looking for a reversal day in our VWB method, these two concepts take on added importance. When I see them, especially if they come in the US session [last part of the day] I will initiate a partial position in anticipation of a candle reversal on the close. If I am wrong, I exit the position and treat it a as a day-trade.



The "First" part about the faster or more violently the 50% is taken out, the better the chances of reversal makes perfect sense.

It is the "Second" part I am confused about. I says the higher the range the greater the probability the move is over if the 50% area is taken out. I assume that by "higher range" you mean "larger range" pip wise. You appear to be saying that the larger the range, the less likely it would be for the day to turn into a reversal day. If the range is large, and the move is over by the time it takes out the 50% point, there is no more movement to be had to create the reversal day. Yet, if the range is too small, the a 50% takeout is not as significant, and again, there would be no reversal day.

It appears that the range can be neither too small nor too large! Which is right Papa Bear?

cici
  • #51
  • Feb 6, 2006 9:31pm Feb 6, 2006 9:31pm
Quoting cici
Vegas! A big VTY! to you as dial has coined the usage! Thank you sir for your generous offerings.

There are several parts of the VWB2 that are not clear to me, but rather than write a 10 page post, allow me to focus on just one paragraph in your fine document. It is the one that appears right before chart #3 and is says this:




The "First" part about the faster or more violently the 50% is taken out, the better the chances of reversal makes perfect sense.

It is the "Second" part I am confused about. I says the higher the range the greater the probability the move is over if the 50% area is taken out. I assume that by "higher range" you mean "larger range" pip wise. You appear to be saying that the larger the range, the less likely it would be for the day to turn into a reversal day. If the range is large, and the move is over by the time it takes out the 50% point, there is no more movement to be had to create the reversal day. Yet, if the range is too small, the a 50% takeout is not as significant, and again, there would be no reversal day.

It appears that the range can be neither too small nor too large! Which is right Papa Bear?

cici
Here's a boneheads perspective.

HJ
Attached Image
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
  • #52
  • Feb 6, 2006 9:43pm Feb 6, 2006 9:43pm
Quoting fingotrader
Hi Vegas,

thanks for all your effort. Will u also set up the forum function at your C2 PAP site? - Do you start trading today? This is a perfect setup and will show in real life how good the system is

Thanks again,

Fingotrader
Fingotrader,
No, C2 only tracks PAP (Passionate About Profits) Trader trades. All discussions about VWB and VWB Part II will be here.

Yes, it is live starting today.
vegas
  • #53
  • Feb 6, 2006 9:45pm Feb 6, 2006 9:45pm
Quoting xspowerx
Vegas, so what would you define as the start of the next trading session or day if we weren't trading currency futures? The market open of each currency? 12 p.m gmt? The way each candlestick is defined in MT4? Or stick to 3 p.m Chicago time since thats what you trade by?
xspowerx,
I will use the futures for defining the open.
vegas
  • #54
  • Feb 6, 2006 9:50pm Feb 6, 2006 9:50pm
Quoting cici
Vegas! A big VTY! to you as dial has coined the usage! Thank you sir for your generous offerings.

There are several parts of the VWB2 that are not clear to me, but rather than write a 10 page post, allow me to focus on just one paragraph in your fine document. It is the one that appears right before chart #3 and is says this:




The "First" part about the faster or more violently the 50% is taken out, the better the chances of reversal makes perfect sense.

It is the "Second" part I am confused about. I says the higher the range the greater the probability the move is over if the 50% area is taken out. I assume that by "higher range" you mean "larger range" pip wise. You appear to be saying that the larger the range, the less likely it would be for the day to turn into a reversal day. If the range is large, and the move is over by the time it takes out the 50% point, there is no more movement to be had to create the reversal day. Yet, if the range is too small, the a 50% takeout is not as significant, and again, there would be no reversal day.

It appears that the range can be neither too small nor too large! Which is right Papa Bear?

cici
cici,

Heavy J hit it right with the visual chart.

In summary, the larger the range the less likely it is TO CONTINUE too hit a new high or new low [whichever is most recent] if it breaks the 50% retracement level. In addition, large ranges when they do retrace more than 50% have a greater probability of being reversal days than other days.
vegas
  • #55
  • Feb 7, 2006 12:00am Feb 7, 2006 12:00am
Quoting vegas
cici,

Heavy J hit it right with the visual chart.

In summary, the larger the range the less likely it is TO CONTINUE too hit a new high or new low [whichever is most recent] if it breaks the 50% retracement level. In addition, large ranges when they do retrace more than 50% have a greater probability of being reversal days than other days.
Thank you sir. It is still not clear to me, but I suspect if I will just be patient and observer daily price action, it will soon become clear.

Thank you

cici
  • #56
  • Feb 7, 2006 12:28am Feb 7, 2006 12:28am
I just read the VWB and it appears to have alot of potential. The one thing I noticed that is missing is the spreadsheet. This presents a problem if your math skills are little to none. Is there anyone out there that would be willing to develop a spreadsheet for the spot currency market and share with the masses?
It seems to me that this is a very important tool if you want to implement the VWB II.
Dave If you can't swim with the sharks stay out of the water!
  • #57
  • Feb 7, 2006 12:33am Feb 7, 2006 12:33am
Quoting downunderdave40
I just read the VWB and it appears to have alot of potential. The one thing I noticed that is missing is the spreadsheet. This presents a problem if your math skills are little to none. Is there anyone out there that would be willing to develop a spreadsheet for the spot currency market and share with the masses?
It seems to me that this is a very important tool if you want to implement the VWB II.
I'm creating one now. It might be a couple of days before it is done. If anyone else wants to jump in with theirs then have fun!
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #58
  • Feb 7, 2006 12:36am Feb 7, 2006 12:36am
Quoting downunderdave40
I just read the VWB and it appears to have alot of potential. The one thing I noticed that is missing is the spreadsheet. This presents a problem if your math skills are little to none. Is there anyone out there that would be willing to develop a spreadsheet for the spot currency market and share with the masses?
It seems to me that this is a very important tool if you want to implement the VWB II.
This is my 1st post here (been lurking and learning) - I have some excel skills - so, what better way to start posting here than to see if I can help out! http://www.forexfactory.com/forexfor...ons/icon10.gif

I'll have a go at it tonight and post my efforts (unless someone beats me to it!!).

BTW - thanks to everyone here exchanging ideas and suggestions so freely and genuinely wanting to help others - inspirational - especially Dial, James, Merlin and Vegas (generosity in spades)

Neil
  • #59
  • Feb 7, 2006 3:16am Feb 7, 2006 3:16am
Everyone,

For those of you who are short USD/JPY or long the futures, you should have a free trade on. This is what it's all about.
vegas
  • #60
  • Edited 5:11am Feb 7, 2006 5:05am | Edited 5:11am
Quoting vegas
Everyone,

For those of you who are short USD/JPY or long the futures, you should have a free trade on. This is what it's all about.
And how!

Shux!

I missed. And this was way up on my radar! For those of you who caught the move please enlighten me how you got in.

Of course now that it's missed I see the entries with technicolor 20/20 hindsight! Best now to wait for the next one but I would like to figure out how this entry (missed) related to the VWB.

Back to the drawing board-

Congrats to the winners
HeavyJ
Attached Image
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
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