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Vegas Wealth Builder - Part I 535 replies

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Attachments: 'Vegas Wealth Builder Part II'
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'Vegas Wealth Builder Part II'

Speaking of metatrader experts and indicators. Has anyone worked up any indictators for the "50% rule" or any of the other VWBII rules that they'd be willing to share?
  • Post #382
  • Quote
  • Edited Mar 5, 2006 3:58am Feb 16, 2006 1:14pm | Edited Mar 5, 2006 3:58am
Quoting erikcw
Speaking of metatrader experts and indicators. Has anyone worked up any indictators for the "50% rule" or any of the other VWBII rules that they'd be willing to share?
I posted a zip file containing an Excel file.

I will post it again with the current corrections I have made.

I really would appreciate it if someone could share their thoughts on it.

Regards,
Quoting sarbot
Thanks Pipex,

Can you point me towards a site where I can pick up the Vegas indicators or experts for mt4 ?


Thanks
Hi Sarbot I think you'll find what you are looking for here.

http://www.forexfactory.com/forexfor...86&postcount=1
Quoting 5MinuteStudent
I posted a zip file containing an Excel file.

I will post it again with the current corrections I have made.

I really would appreciate it if someone could share their thoughts on it.

Regards,
I really like the looks of the info in your sheet but,an explanation of how it works would be useful for me.
Thanks
Quoting zenophyte
I really like the looks of the info in your sheet but,an explanation of how it works would be useful for me.
Thanks
Me too, It looks like you have done a lot of hard work on this but not sure what the end in mind is

Jace
Quoting johannbok
Me too, It looks like you have done a lot of hard work on this but not sure what the end in mind is

Jace

johannbok & zenophyte,

Ask me what you want to know, and I will help you.

You will notice that some of the boxes are colored in yellow. In these you are supposed to enter current information such as the current price and the current open of the day. You are also supposed to enter buy or sell on the third box -- you are interested to buy or to sell. The other four boxes depend on the information of the daily data.

You are supposed to enter the high, low, and open at the bottom of the sheet.

In the last four boxes I mentioned above you are supposed to update the cells and link them to the place where you have entered the latest daily data. This is all I have done so far.

As the day progresses you have to enter the current price on the top yellow box. This will provide you with information related to the daily Vegas method.

The bottom of the sheet has been updated with the high, low, and open of today.

You might want to play by entering numbers in the current price box to see how the spreadsheet changes.

For instance, enter 1.7362, 1.7391, and 1.7401 in the place of the current price. This will provide you with setups for buying since we are currently interested in buying GBP.

If you were to enter "Sell" in the third box, you could enter other data in the place of the current price to see what happens.

I hope this suffices.

Regards,
That helps a ton thank you


Jace
will get me started thanks
johannbok & zenophyte,

You are welcome.

If you have any ideas on how to improve it, let me know.

My Excel skills are limited so perhaps somebody else can tweak with it so there is no need to enter inputs.

I know that it is possible for Excel to download data from a data center, for instance, Yahoo, and with a macro it is possible to have it update on its own; however, I don't know how to do this.

Regards,
Quoting 5MinuteStudent
johannbok & zenophyte,

You are welcome.

If you have any ideas on how to improve it, let me know.

My Excel skills are limited so perhaps somebody else can tweak with it so there is no need to enter inputs.

I know that it is possible for Excel to download data from a data center, for instance, Yahoo, and with a macro it is possible to have it update on its own; however, I don't know how to do this.

Regards,
Hi, 5mintuesstudent
I just make a little bit change your data sheet. To make every day's work easier. All you have to do input 5 datas: current day open, high, close, current price,interested buy or sell.
There are 2 worksheet, one is GBP which is our desision sheet(need to input current price interested buy or sell, current open), other one is data sheet which is we need input current day open, high, close. After that we will leave our desision to Vegas's rule.

Work with this worksheet daily routine:

1,Open the file
2, Go to Data sheet, insert new line on top of Line 5
3, input current day open, high , close
4, copy formula from line 4 E4 to N4 to the new line 5
5, Go to GBP sheet, input the current price, current open, interested buy or sell

Done!

If there are any errors, please let me know. For protection ,I use vegas as password.
Attached File(s)
File Type: zip VWB II.zip   22 KB | 355 downloads
Chinese Forex Trader from China
In Metatrader4 go to tools > options and Enable DDE Server.

Put the following formula in cell I3 :

=MT4|BID!GBPUSD

That should enable automatically updating of the current price in the spreadsheet.
Everyone,

Some comments on todays GBP.

We got long near the end of the day. Market rallied 25 pips turned around and stopped us out at breakeven. Why did I do this? A number of factors.

1) Trading is about "free trades". Those of you who don't understand this concept need to stop trading until you do. It doesn't matter what method you use.

2) Late day trading is often thin and filled with stop hunts. I didn't want to see it rally, break the high, and close at 1.7440 or something like that. But on the other hand, if it was a stop-hunt I didn't want to see it reverse and close down near 1.7360 either. Therefore, once we were up near the high, I placed the stop down at breakeven which was 1.7380. As I wrote on C2, this one is being played close to the vest.

The market seems to be hugging the 3rd fib line, touching it once again today. I call this the "rolling wedge of frustration". Starts and stops all over the place. No matter, it is simply a matter of discipline. I don't care about 20 pips; I care about catching 200 - 1000 point moves with little or NO risk.

Happy marbles!
vegas
Quoting vegas
Everyone,

Some comments on todays GBP.

We got long near the end of the day. Market rallied 25 pips turned around and stopped us out at breakeven. Why did I do this? A number of factors.

1) Trading is about "free trades". Those of you who don't understand this concept need to stop trading until you do. It doesn't matter what method you use.

2) Late day trading is often thin and filled with stop hunts. I didn't want to see it rally, break the high, and close at 1.7440 or something like that. But on the other hand, if it was a stop-hunt I didn't want to see it reverse and close down near 1.7360 either. Therefore, once we were up near the high, I placed the stop down at breakeven which was 1.7380. As I wrote on C2, this one is being played close to the vest.

The market seems to be hugging the 3rd fib line, touching it once again today. I call this the "rolling wedge of frustration". Starts and stops all over the place. No matter, it is simply a matter of discipline. I don't care about 20 pips; I care about catching 200 - 1000 point moves with little or NO risk.

Happy marbles!
Vegas,

I don't mind getting stopped out. I'm just glad to be on the right side of the trade and have a chance to make a decision with my free trade. My thinking process has totally changed since adopting your models. I haven't signed up with C2, but I've taken 3 trades based on what we've learned from you. All trades want in my favor ... glad to say this week I'm +32 pips because I got stopped out, but I don't mind ... I'm going for the big pips ... hehe. I like these models because I trade based on risk, so this is right up my alley. Thanks Vegas!
If it is not broken, fix it until it is!
Quoting Pipex
Vegas,

I don't mind getting stopped out. I'm just glad to be on the right side of the trade and have a chance to make a decision with my free trade. My thinking process has totally changed since adopting your models. I haven't signed up with C2, but I've taken 3 trades based on what we've learned from you. All trades want in my favor ... glad to say this week I'm +32 pips because I got stopped out, but I don't mind ... I'm going for the big pips ... hehe. I like these models because I trade based on risk, so this is right up my alley. Thanks Vegas!
pipex,

You are right, trading is based on risk.

When I wrote the post, what I had in mind were all the traders I saw on the floor who in the course of the day would make 100 trades. 70 winners, 25 scratches, 5 losers; after all that they're down $500.

It took me a long time to finally understand what trading from strength really means. It's not how smart you are, it's how you position yourself relative to risk.
vegas
Is there a metatrader4 indicator for Vegas' Black Dot Trend ? If so where can I loacte it ?


Thx.
Quoting sarbot
Is there a metatrader4 indicator for Vegas' Black Dot Trend ? If so where can I loacte it ?


Thx.
Hi sarbot,

I'm not trying to be a smart-ass here, really I'm not, but in my opinion the best "black dot" indicator is between your ears. Learn to read the daily price action as Vegas is teaching it. Once you've learned to do that for yourself, it will beat the socks off any indicator.

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
Quoting vegas
Everyone,

Some comments on todays GBP.

We got long near the end of the day. Market rallied 25 pips turned around and stopped us out at breakeven. Why did I do this? A number of factors.

1) Trading is about "free trades". Those of you who don't understand this concept need to stop trading until you do. It doesn't matter what method you use.

2) Late day trading is often thin and filled with stop hunts. I didn't want to see it rally, break the high, and close at 1.7440 or something like that. But on the other hand, if it was a stop-hunt I didn't want to see it reverse and close down near 1.7360 either. Therefore, once we were up near the high, I placed the stop down at breakeven which was 1.7380. As I wrote on C2, this one is being played close to the vest.

The market seems to be hugging the 3rd fib line, touching it once again today. I call this the "rolling wedge of frustration". Starts and stops all over the place. No matter, it is simply a matter of discipline. I don't care about 20 pips; I care about catching 200 - 1000 point moves with little or NO risk.

Happy marbles!

Dear Mr Vegas.

When time permits could you consider helping me with some thoughts that have been on my mind this week?

I read your post with great interest tonight, I have been learning alot from you and your posts and your releases of the multiple reports on the 1 hr, 4 hr and the VWB system. So far I've become good at spoting the entry points "Pull a marble out of the bag" and all the rules tied in with it to try and get the big boys 100+ pip gains. I am very interested in the "Free trade concept", I do understand in simple terms it is "Don't lose money idiot, bonehead or what ever". What I am interesteded in is at what point or how do you figure that a trade has become a scratch or point of no return, I see that there are certain numbers you look for example if it goes past this number I know it is in trouble so close it out positive, in other words never let a winner become a loser. If you could elaborate or explain the next level of thought or phychology of what you go through after you push the button to avoid getting our asses handed back to us as you phrase it, I think I might be able to progress a bit. I'm still on the path moving forward and perhaps others could learn a thing or two. I also realize you have a whole new busisness to contend to with the c2 and all the emails that are coming in with the new business, Dont feel bad I get some 600 emails a night from computers but we trained the emails to only go to pagers if the get a high priority(12) failure abend status. How ever if you could find the time to answer this "free trade concept" on a dull night I would be happy.

Thanks in advance.
Quoting vegas
1) Trading is about "free trades". Those of you who don't understand this concept need to stop trading until you do. It doesn't matter what method you use.
Ooh! Ooh! I detect a major gem just below the surface here!

I am still totally jazzed about getting a handle on the Meaningless Marble thing, and now you come along and give us a teaser like this!

Vegas, you've got to expand on this free trade concept, or a lot of us aren't going to get any sleep trying to figure it out ourselves. Does this relate somehow to the "moves stops to breakeven as quickly as possible" mantra that James16 and Dial expound?

Man, if I can get another bright revelation from this like I did about the marble thing, I'll probably have a heart attack, but it is worth the risk!

BTW, since when is Guru spelled with a "V"? :

cici
Quoting cici
Ooh! Ooh! I detect a major gem just below the surface here!

I am still totally jazzed about getting a handle on the Meaningless Marble thing, and now you come along and give us a teaser like this!

Vegas, you've got to expand on this free trade concept, or a lot of us aren't going to get any sleep trying to figure it out ourselves. Does this relate somehow to the "moves stops to breakeven as quickly as possible" mantra that James16 and Dial expound?

Man, if I can get another bright revelation from this like I did about the marble thing, I'll probably have a heart attack, but it is worth the risk!

BTW, since when is Guru spelled with a "V"? :

cici
Free is good! I too would like to learn more about this concept from the "Vuru"!

Fryes

P.S. What the heck is a "Meaningless Marble"????
You want Fryes with that?
Quoting lambrechtj
Dear Mr Vegas.

When time permits could you consider helping me with some thoughts that have been on my mind this week?

I read your post with great interest tonight, I have been learning alot from you and your posts and your releases of the multiple reports on the 1 hr, 4 hr and the VWB system. So far I've become good at spoting the entry points "Pull a marble out of the bag" and all the rules tied in with it to try and get the big boys 100+ pip gains. I am very interested in the "Free trade concept", I do understand in simple terms it is "Don't lose money idiot, bonehead or what ever". What I am interesteded in is at what point or how do you figure that a trade has become a scratch or point of no return, I see that there are certain numbers you look for example if it goes past this number I know it is in trouble so close it out positive, in other words never let a winner become a loser. If you could elaborate or explain the next level of thought or phychology of what you go through after you push the button to avoid getting our asses handed back to us as you phrase it, I think I might be able to progress a bit. I'm still on the path moving forward and perhaps others could learn a thing or two. I also realize you have a whole new busisness to contend to with the c2 and all the emails that are coming in with the new business, Dont feel bad I get some 600 emails a night from computers but we trained the emails to only go to pagers if the get a high priority(12) failure abend status. How ever if you could find the time to answer this "free trade concept" on a dull night I would be happy.

Thanks in advance.
Lambrecht,
Nothing like the present.

What is a "free trade"? The short answer [without writing a book] is to be in a position for a big gain without any risk. It is a mindset of looking past scalping and a few pips and putting yourself above that.

Let me state the obvious. Every trader is in the same place when they push the button. If you buy and I buy at the same time, do I have an advantage? Does the market know any difference between us? The answer of course is no. But after the trade comes on, this is where traders go on different paths.

I know that when I'm buying or selling the market is ripe for a move in my direction. History [probability] tells me that. But history also tells me there is a chance that I am wrong. So when I get up on a trade the "golden rule" comes into play: never ever let a winner become a loser, for any reason, no matter the scenario, you get the idea. I call this a "free trade" because I have put myself in a position [marble game] where history tells me there is a darn good chance a big move is on the horizon, and I have no risk. So if I'm looking for 200 - 1000 pips over the coming days, what do I care about it coming back and costing me 20 - 100 pips?

The psychology of doing this, though, is very tough for a new trader. If he/she is up on a trade by 30 pips and it starts to retrace, odds are the position is coming off. Just can't stand to be up money and watch it bleed away. New traders in the pits used to tell me, "You can't go broke taking a profit", to which I would reply, "Yea, and you don't get rich either". You have to look at the bigger picture and ask yourself what you're doing here.

"Oh, that's easy. I want to make 50 or 100,000 dollars a year", say many, to which my reply is, "Why risk your bank account for that? Why put a limit on your results?" If you have free trades why not ride them out?

Nobody knows where this stuff is going. And to this I will add that in 3 weeks time, where it's trading will surprise you greatly [Gosh, can it really rally/break 12 days in a row?]. Take this chaos and randomness and use it to your advantage. I have never, ever, met anyone in the last 30 years who could chart the course of a market, with success, day-in day-out and never be surprised. They don't exist, so don't try and be one.

Not getting your ass handed to you has two aspects to it. 1) never get caught in a freefall long or a melt-up short [especially with big numbers]. How is this accomplished? Learning to fail successfully by not being stubborn about losses. 2) Having a method that puts you in a position to succeed. All the work on your method has been done away from the market so you are not influenced by the moment.

The numbers I look at tell me things [probabilities] based on the past. I've done my homework, so in essence the numbers translate into the marble game. I simply can't ask for anything more from the market.

Hope this short answer helps.
vegas
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