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'Vegas Wealth Builder Part II'

  • #61
  • Feb 7, 2006 5:05am Feb 7, 2006 5:05am
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.
thank you for your signals Vegas, wish I wasn't hibernating..
  • #62
  • Edited 3:32pm Feb 7, 2006 5:12am | Edited 3:32pm
Quoting HeavyJ
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
I got in on close of small 4hr pin... but was out before Vegas's signal (target hit)

http://www.forexfactory.com/forexfor...5&postcount=25
Mark
Attached Image
  • #63
  • Edited 6:26am Feb 7, 2006 5:31am | Edited 6:26am
Hi All

attached is my attempt at putting the VWB II data into a excel spreadsheet for:
eurgbp
eurjpy
eurusd
gbpusd
usdcad
usdchf
usdjpy
audusd

The dates are from 19 Sep 05 to 7 Feb 06 (19 Sep 05 was selected because prior to that date there appears to be missing daily data on the interbankfx history file on some of the pairs???). I have also taken out all data from Sunday trading days (my guess in doing this - futures markets don't trade Sundays and spot markets are traditionally thin on Sundays). The data is from interbankfx (can't vouch for it's accuracy!). For all paris except chf & usdjpy there are 102 records. in chf & usdjpy there are 101 records (I haven't looked into why - a date missing somewhere - possibly there was no market on these 2 for a day??)

I am confident I have put correct formulas into the spreadsheet (as per the VWB II document) but stress that it shouldn't be relied on - maybe Vegas can cast his educated eye over it.

As far as updating the spreadsheet - not sure how often this should happen. To do this you will need to insert a row (or rows for more than 1 entry) at the bottom and then (a) copy formulas down; and (b) change all casting formulas to take in the new row(s). I have done a bit of excel programming (in VBA) and this process could be more automated with some more work http://www.forexfactory.com/forexfor...ons/icon10.gif.

I would be happy to update the spreadsheet weekly (over the weekend) if this frequency is sufficient. Someone let me know.

Anyway - hopefully this is of assistance to some of you (glad to be able to contribute - assuming this is a contribution!! http://www.forexfactory.com/forexfor...ons/icon12.gif).

cheers
Neil

ps didn't have data for S&P emini but will look for it when I get some time and add it to the spreadsheet.

********************************************************************************************
please do not download and use this spreadsheet, there is an error in it - instead refer to post#68 for edited spreadsheet

thanks
neil
Attached File(s)
File Type: zip VWB II.zip   86 KB | 587 downloads
  • #64
  • Feb 7, 2006 5:47am Feb 7, 2006 5:47am
Quoting raczekfx
I got in on close of small 4hr pin... but was out before Vegas's signal (target hit)

http://www.forexfactory.com/forexfor...5&postcount=25
Mark
Nice move Mark....My time frme doesn' show that 4hr pin . Hourly Price action confirms though1

HJ
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
  • #65
  • Feb 7, 2006 5:50am Feb 7, 2006 5:50am
Quoting neilt
Hi All

attached is my attempt at putting the VWB II data into a excel spreadsheet for:
eurgbp
eurjpy
eurusd
gbpusd
usdcad
usdchf
usdjpy
audusd

The dates are from 19 Sep 05 to 7 Feb 06 (19 Sep 05 was selected because prior to that date there appears to be missing daily data on the interbankfx history file on some of the pairs???). I have also taken out all data from Sunday trading days (my guess in doing this - futures markets don't trade Sundays and spot markets are traditionally thin on Sundays). The data is from interbankfx (can't vouch for it's accuracy!). For all paris except chf & usdjpy there are 102 records. in chf & usdjpy there are 101 records (I haven't looked into why - a date missing somewhere - possibly there was no market on these 2 for a day??)

I am confident I have put correct formulas into the spreadsheet (as per the VWB II document) but stress that it shouldn't be relied on - maybe Vegas can cast his educated eye over it.

As far as updating the spreadsheet - not sure how often this should happen. To do this you will need to insert a row (or rows for more than 1 entry) at the bottom and then (a) copy formulas down; and (b) change all casting formulas to take in the new row(s). I have done a bit of excel programming (in VBA) and this process could be more automated with some more work http://www.forexfactory.com/forexfor...ons/icon10.gif.

I would be happy to update the spreadsheet weekly (over the weekend) if this frequency is sufficient. Someone let me know.

Anyway - hopefully this is of assistance to some of you (glad to be able to contribute - assuming this is a contribution!! http://www.forexfactory.com/forexfor...ons/icon12.gif).

cheers
Neil

ps didn't have data for S&P emini but will look for it when I get some time and add it to the spreadsheet.
Thanx Nielt,

and welcome to the Factory.

You may have saved me a hunka -a hunka burnin work!

I'm Interbank as well so you stuf should line up great.

Thanx again,

HeavyJ
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
  • #66
  • Feb 7, 2006 5:55am Feb 7, 2006 5:55am
Quoting HeavyJ
Thanx Nielt,

and welcome to the Factory.

You may have saved me a hunka -a hunka burnin work!

I'm Interbank as well so you stuf should line up great.

Thanx again,

HeavyJ
HeavyJ

As per the carpenter's creed - measure twice cut once - doh! I just rechecked my calcs on the spreadsheet and found that the H's & L's were reversed so I edited my post and put the edited spreadsheet in (I was hoping to do this before anyone had a chance to read my post). So, if you opened the file please delete it and reopen the file again - sorry about that!!

BTW - I absolutely love your explanatory charts. Being a visual sort of person I learn best when pictures accompany the words - and your pictures are up there with the best my friend - please keep it up, it is mucho appreciated.

cheers from oz
neil
  • #67
  • Feb 7, 2006 6:05am Feb 7, 2006 6:05am
Everyone,
For those who are interested in my remaining Cable short position [7 contracts], I have a buy stop at 1.7561 for 3 contracts and the other 4 are at breakeven which is 1.7891.

Since this position was put on before I released VWB Part II, I feel it only fair to keep all of you updated.
vegas
  • #68
  • Feb 7, 2006 6:16am Feb 7, 2006 6:16am
Hi All

resident excel moron here - please disregard spreadsheet from my previous post (post #63) as the H & L in column "H" were reversed. I tried to edit the post and change the attachment but alas - that didn't workhttp://www.forexfactory.com/forexfor...cons/icon8.gif.

I have now fixed this error and the attached 'revised' spreadsheet should be OK.

Sorry for the trouble - let me know if there is something else incorrect.

cheers
neil
Attached File(s)
File Type: zip VWB 2.zip   88 KB | 729 downloads
  • #69
  • Feb 7, 2006 6:17am Feb 7, 2006 6:17am
Hello all,

I'm sure the cable has everyones eye with yesterdays kiss of the 233 Daily fib.

Here's a chart and observation.

Vegas - I will only post charts relevant to my studies of VWB here.

If you or anyone thinks this detracts...let me know!

Thanx

HeavyJ
Attached Image
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
  • #70
  • Feb 7, 2006 8:06am Feb 7, 2006 8:06am
Hey Heavy J, I appreciate your charts and analysis. Vegas, you have brought me light years into learning how to trade with your vwb model. Keep the charts coming heavy J, I am not going to miss this one on cable. I am patiently observing (not trading). Like Vegas said, all the pips you miss watching are not worth near as much as the value of what we learn from watching price action at these levels. Will be watching for reversal day!!
  • #71
  • Feb 7, 2006 8:19am Feb 7, 2006 8:19am
I jumped into eur/jpy instead of usd/jpy was this an error on my part? I thought I saw the right signs on this pair also. I have made money but I'm trying to figure out if I missed something that should have told me to go usd/jpy and not eur/jpy?

Thanks,
Shootist
Shootist - Have Pip Shooters Will Travel
  • #72
  • Feb 7, 2006 8:31am Feb 7, 2006 8:31am
I also shorted the EURJPY (demo money trade though) following VWB system.

I saw a double top, then two inside bars in a row (signifying congestion), and then a final powerful thrust to the downside breaking the up trendline.

I shorted as that breakout bar closed and I closed (for 100 pips) as price touched the tunnel.

Picture below.
Attached Image
  • #73
  • Feb 7, 2006 8:51am Feb 7, 2006 8:51am
Quoting Shootist
I jumped into eur/jpy instead of usd/jpy was this an error on my part? I thought I saw the right signs on this pair also. I have made money but I'm trying to figure out if I missed something that should have told me to go usd/jpy and not eur/jpy?

Thanks,
Shootist
Shootist,

No,you didn't miss anything. It's just that I didn't get a chance to trade eur/jpy because PAP (passionate About Profits) Trader at C2 wasn't up and running before the market turned. I didn't want to chase it last night, so I just passed on this particular trade.

As it happened, usd/jpy waited so I got the chance to act on the signal.

P.S. to heavy J
Your chart analysis of usd/jpy and your interpretation of "the signal" was right on. We got 2 out of 3 concepts, and the momentum took the pair lower quikly in the spot. Now, we have a free trade going. Like I said before, tis is what trading [the right way] is all about.
vegas
  • #74
  • Feb 7, 2006 9:47am Feb 7, 2006 9:47am
Vegas,

If I'm reading the C2 signal correctly, you just took profit on a third of your JPY position. But I can't see why. Explain please kind sir?

Thank you

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #75
  • Feb 7, 2006 10:09am Feb 7, 2006 10:09am
Vegas,

Your VWB Part II has cleared most of my cloudy understandings about the daily system. Tons of thanks !!!!

Shan
  • #76
  • Feb 7, 2006 10:10am Feb 7, 2006 10:10am
Quoting HeavyJ
Hello all,

I'm sure the cable has everyones eye with yesterdays kiss of the 233 Daily fib.

Here's a chart and observation.

Vegas - I will only post charts relevant to my studies of VWB here.

If you or anyone thinks this detracts...let me know!

Thanx

HeavyJ
HeavyJ, your charts rock !!! Please continue...

Shan
  • #77
  • Feb 7, 2006 10:15am Feb 7, 2006 10:15am
Quoting Shootist
I jumped into eur/jpy instead of usd/jpy was this an error on my part? I thought I saw the right signs on this pair also. I have made money but I'm trying to figure out if I missed something that should have told me to go usd/jpy and not eur/jpy?

Thanks,
Shootist
I'm also short on eur/jpy and enjoying the free run..I initially was short on usd/jpy yesterday based on my confluence of trend line theory but backed off for -46 pips ;-(

I have re-entered today at 118.05 with 118.55 SL (found some confluence support at 118.47). Hope this SL could take care of any corrections..I anticipate this pair might break the tunnel and go all the way to the lower fib. Let's see how this rolls..

Shn
  • #78
  • Feb 7, 2006 10:40am Feb 7, 2006 10:40am
Quoting vegas
Shootist,

No,you didn't miss anything. It's just that I didn't get a chance to trade eur/jpy because PAP (passionate About Profits) Trader at C2 wasn't up and running before the market turned. I didn't want to chase it last night, so I just passed on this particular trade.

As it happened, usd/jpy waited so I got the chance to act on the signal.

P.S. to heavy J
Your chart analysis of usd/jpy and your interpretation of "the signal" was right on. We got 2 out of 3 concepts, and the momentum took the pair lower quikly in the spot. Now, we have a free trade going. Like I said before, tis is what trading [the right way] is all about.
Thanks Vegas I was beginning to think I was seeing things that weren't actually there!!

Shootist
Shootist - Have Pip Shooters Will Travel
  • #79
  • Feb 7, 2006 10:42am Feb 7, 2006 10:42am
Quoting diallist
Vegas,

If I'm reading the C2 signal correctly, you just took profit on a third of your JPY position. But I can't see why. Explain please kind sir?

Thank you

Dial
Dial,

Whenever I get in a trade where we've had the signal early in the day, I will sometimes, depending on price action, book a profit on a partial position. The smallest I could do in futures is obviously 1. This just insures that for all of our resolve in getting the signals correctly, we walk away with something for our effort.

I usually won't do this with Cable or the S&P, but for the crosses and JPY [which are less volatile] I sometimes do this. It's just a market call on the less volatile pairs.

Hope this explains it.
vegas
  • #80
  • Feb 7, 2006 11:03am Feb 7, 2006 11:03am
Quoting vegas
Dial,

Whenever I get in a trade where we've had the signal early in the day, I will sometimes, depending on price action, book a profit on a partial position. The smallest I could do in futures is obviously 1. This just insures that for all of our resolve in getting the signals correctly, we walk away with something for our effort.

I usually won't do this with Cable or the S&P, but for the crosses and JPY [which are less volatile] I sometimes do this. It's just a market call on the less volatile pairs.

Hope this explains it.
Thank you Vegas. That makes sense.

To avoid another post, please allow another question.

I took the futures entry price on the JPY and took the reciprocal to get the spot price. But it was different from the spot price on my chart by a large amount (between 10 & 20 pips as I recall).

Is there a special calculation required to convert between future and spot prices?

Thanks Vegas, you're a good man!

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
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