A VWB signal! How exciting!! | Forex Factory

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A VWB signal! How exciting!!

  • #1
  • First Post: Feb 26, 2006 9:03pm Feb 26, 2006 9:03pm
Sorry I'm a little excited over my first signal (I leared VWB over the weekend)....looks a bit like a double top retracement to me....I think I'll wait for the next fib line or some sign of USD strength....
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  • #2
  • Feb 26, 2006 10:07pm Feb 26, 2006 10:07pm
Quoting GoatT
Sorry I'm a little excited over my first signal (I leared VWB over the weekend)....looks a bit like a double top retracement to me....I think I'll wait for the next fib line or some sign of USD strength....
Hi GoatT,

No, you don't have a signal yet. Price has touched the second fib (144) which is the "interest" fib. Now you need to wait for a reversal candle pattern, preferably with a least 2 of the 3 "eyelid" rules found in the VWB II document.

Dial
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  • #3
  • Feb 26, 2006 11:01pm Feb 26, 2006 11:01pm
Quoting diallist
Hi GoatT,

No, you don't have a signal yet. Price has touched the second fib (144) which is the "interest" fib. Now you need to wait for a reversal candle pattern, preferably with a least 2 of the 3 "eyelid" rules found in the VWB II document.

Dial
Darn.. I thought I was gonna be okay with the VWB and study on my own about reversals, but looks like Vegas gave the answers already on VWBII..
Not complaining though..

Got to finish that doc then..
  • #4
  • Last Post: Feb 27, 2006 5:08pm Feb 27, 2006 5:08pm
That's what I meant, sorry....as of last night the pairs I'd be willing to trade weren't near the 'interest' lines....but USDJPY is getting close now.
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