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  • #621
  • Feb 28, 2006 7:07pm Feb 28, 2006 7:07pm
That was tongue in cheek. I agree, i didn't see any signal in GBP but i took the CHF one. If i am not wrong, they could have taken it based on 1hr tunnel method. I can't see any link with VWB.
The future depends on what we do in the present.
  • #622
  • Feb 28, 2006 7:37pm Feb 28, 2006 7:37pm
oh boy
  • #623
  • Feb 28, 2006 8:09pm Feb 28, 2006 8:09pm
Quoting compro99
That was tongue in cheek. I agree, i didn't see any signal in GBP but i took the CHF one. If i am not wrong, they could have taken it based on 1hr tunnel method. I can't see any link with VWB.

LOL you got me.

What concepts did you base your CHF trade on? Either way it turned out to be a good one.

I'm trying to learn how to take signals from both VWB and 4hrT. Its difficult to tell where the "Black Dot" should be.

There are posts from people all over the place that don't seem to be following the rules of either system for entries.

Happy Trading.

Joe
  • #624
  • Feb 28, 2006 8:22pm Feb 28, 2006 8:22pm
Quoting nutmg12
LOL you got me.

What concepts did you base your CHF trade on? Either way it turned out to be a good one.

I'm trying to learn how to take signals from both VWB and 4hrT. Its difficult to tell where the "Black Dot" should be.

There are posts from people all over the place that don't seem to be following the rules of either system for entries.

Happy Trading.

Joe

Like Vegas, i use VWB to sniff out trade. We don't have to be follow strictly in which market is dynamic. Price AROUND extreme fib line, we should be alert already.

I have weekly pivot based on the central line alone and daily pivot zone. When price is around extreme fib and if it goes below weekly pivot, i will short but that also depend on vegas 3 concepts on price action. There was a quick reversal from Monday price action, i see that as momentum and speed is also quite drastic. It may not a reversal happening in a day but takes 2 days to form it. I take it as a yes.

I took the Chf trade. This morning, seeing 40plus pips gain, i breakeven it. Now it is a free trade. Price can reverse in any of the fib but the more extreme the better. U would miss trade if u focus ONLY on the extreme part so to compensate this, we can take smaller positions for those below the extreme fib with tigter stops.
The future depends on what we do in the present.
  • #625
  • Feb 28, 2006 9:03pm Feb 28, 2006 9:03pm
Quoting compro99
Like Vegas, i use VWB to sniff out trade. We don't have to be follow strictly in which market is dynamic. Price AROUND extreme fib line, we should be alert already.

I have weekly pivot based on the central line alone and daily pivot zone. When price is around extreme fib and if it goes below weekly pivot, i will short but that also depend on vegas 3 concepts on price action. There was a quick reversal from Monday price action, i see that as momentum and speed is also quite drastic. It may not a reversal happening in a day but takes 2 days to form it. I take it as a yes.

I took the Chf trade. This morning, seeing 40plus pips gain, i breakeven it. Now it is a free trade. Price can reverse in any of the fib but the more extreme the better. U would miss trade if u focus ONLY on the extreme part so to compensate this, we can take smaller positions for those below the extreme fib with tigter stops.



Everything you said makes sense.

I sat and watched GBP/USD, EUR/USD and USD/CHF move very quickly. I could have pulled the trigger but am trying to learn Knife and VWB and didnt feel they were good entries.

With your help I see where I could have entered.

It seems like it could become a free for all though. What's importand is you have a plan and you followed it through for profit.

Thanks!!!!!!!!!!!!!
  • #626
  • Feb 28, 2006 9:09pm Feb 28, 2006 9:09pm
Quoting nutmg12
Everything you said makes sense.

I sat and watched GBP/USD, EUR/USD and USD/CHF move very quickly. I could have pulled the trigger but am trying to learn Knife and VWB and didnt feel they were good entries.

With your help I see where I could have entered.

It seems like it could become a free for all though. What's importand is you have a plan and you followed it through for profit.

Thanks!!!!!!!!!!!!!

If u were to trade, i would suggest position on GBP/USD and ( EUR/USD or USD/CHF ). This 3 currencies are highly correlated so take smaller yr position in each of the currency. Vegas suggests taking 1 of the 3 currencies. It's yr take.
The future depends on what we do in the present.
  • #627
  • Feb 28, 2006 10:23pm Feb 28, 2006 10:23pm
Anyone else keeping an eye on the EURJPY and USDJPY?

USDJPY - At the extreme. No reversal signal shown yet.

EURJPY - Pretty close. Was at it yesterday.
  • #628
  • Feb 28, 2006 10:29pm Feb 28, 2006 10:29pm
Quoting xspowerx
Anyone else keeping an eye on the EURJPY and USDJPY?

USDJPY - At the extreme. No reversal signal shown yet.

EURJPY - Pretty close. Was at it yesterday.
There's also some discussion about it here:
http://www.forexfactory.com/forexfor...ead.php?t=4473
  • #629
  • Feb 28, 2006 10:52pm Feb 28, 2006 10:52pm
For anyone who is interested, the Vegas PAP signal automation is complete, and you may sign up inside the private forum.

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #630
  • Feb 28, 2006 10:56pm Feb 28, 2006 10:56pm
Quoting vegas
Everyone,
I want to address the price action in most currency pairs that I trade. Lately [past few weeks] market action is some of the worst I have seen in recent memory. Extreme lulls and then comes the 15 minute "drive-by-shooting" followed by more sleeping.
Hi Vegas:
Really good advice in your recent post on discipline in a market like this.

Any clues to why the market is behaving this way and what were some of the reasons in the past that caused it to act like this?

I did read somewhere that for the JPY pairs they seem to repatriate their dollar assets towards the end of the fiscal year which is Mar 31st so that they can meet their Government FSA "Financial Services Authority" guidelines.
  • #631
  • Mar 1, 2006 1:55am Mar 1, 2006 1:55am
I read that the current volatility is related to Chinese currency.
  • #632
  • Edited Mar 5, 2006 3:03am Mar 1, 2006 5:30am | Edited Mar 5, 2006 3:03am
Latest version with more formatting changes.

Regards,
  • #633
  • Mar 1, 2006 8:41am Mar 1, 2006 8:41am
I appreciate and understand your reasons for trading the Globex contracts over the Forex; my question, please, is to confirm that you chart/take your signals from the forex, but trade the futures (rather than directly trade what you chart) ?

I ask becasue the charts are very similar but sometimes not identical (ignoring the cost of interest difference).

And thanks for your great methods !

J.
  • #634
  • Edited Mar 5, 2006 3:05am Mar 2, 2006 6:09am | Edited Mar 5, 2006 3:05am
Latest version is posted now.

To use the spreadsheet you should enable the DDE server in MT4 under Tools, Options.

You should open MT4 and then open Excel.

Several of you have addressed me asking for instructions on how to update the spreadsheet.

For those of you having problems in entering data for a new day follow the following instructions:

Go to the Data Sheet GBP

Select row 16 (click on the number 16 -- the whole row should now be highlighted).

Go to the Insert Menu above

Choose insert row

Choose row 15

Copy row 15 by using the Edit Menu above and choose copy

Select the empty row 16

Use the Edit Menu above and choose paste

Enter yesterday's close in close field in row 16

Select the first 5 fields or cells from row 16

Use the Edit Menu above and choose copy

Use the Edit Menu above and choose Paste Special

A box should open, choose Values under Paste

Check to see if yesterday's open, high, low, and close data are correct in row 16.

Enter today's open in row 15 in cell B15.

If I didn't miss anything, then you are done.

If you have any problems, please let me know.

I have been working on several different improvements on the spreadsheet; however, Excel has been messing up the spreadsheet when I delete rows or columns during this process. If you see any information that does not make sense, let me know, and I will double check it.

Regards,
  • #635
  • Mar 2, 2006 7:40am Mar 2, 2006 7:40am
G'day 5MS,

This is great and easy to follow. Of course, for this to work properly we must ensure that our daily bar is based on the CME 5pm as start of day, correct?

MY current bar in MT4 demo is the 14:00 bar, GMT is 13:35 and Chicago time is 07:35. Based on this, the start of the next day should be in little over 9.5 hrs chicago time, making it the 23:00 bar in MT4 AND 23:00 gmt?

How does one adjust the time in MT4 to reflect this??

I know this has been mentioned a few times, and I have found those posts, but I haven't found the solution.

Thanks,
Andrew.
  • #636
  • Edited 8:39am Mar 2, 2006 8:27am | Edited 8:39am
Quoting Artamon
G'day 5MS,

This is great and easy to follow. Of course, for this to work properly we must ensure that our daily bar is based on the CME 5pm as start of day, correct?

MY current bar in MT4 demo is the 14:00 bar, GMT is 13:35 and Chicago time is 07:35. Based on this, the start of the next day should be in little over 9.5 hrs chicago time, making it the 23:00 bar in MT4 AND 23:00 gmt?

How does one adjust the time in MT4 to reflect this??

I know this has been mentioned a few times, and I have found those posts, but I haven't found the solution.

Thanks,
Andrew.
Andrew,

Unfortunately, I have no control over the time that MT4 uses for the cutoff decision of a new day, and I don't know how to adjust the data for this.

I am taking the prices offered by MT4 since the discussion is following Vegas who is using StrategyBuilderFX 4. I have not figured out how to readjust the spreadsheet for the time differences.

If you noticed at the top of the spreadsheet I entered the data for GMT (MT4) time, and below it I entered the current time.

If you have an idea how to adjust this, your comments are welcome.

You have to take into account that the spreadsheet considers the data stream coming in as part of the current day.

At the bottom of the spreadsheet you will notice an unfinished portion of work related to speed or momentum. This could or could not be related to the issue you raised regarding the time cutoff. Why?

Well speed is distance divided by time. We can measure the distance, for instance, from the high to the low of the day to get the daily range; however, I have not figured out how to take the distance at regular time intervals in order to obtain a measure of speed as the day progresses.

The concept is real easy to explain, but I have no idea how to implement this in Excel.

This would require something like this:

Price distance traveled from 13:00 hours to 13:05 divided by time -- interval of 5 minutes.

In other words, this would require something like a time stamp used in databases to obtain a measure of distance during each time stamp.

This is sort of related to the issue you raised since this is also sort of a time stamp. The difference is that the time interval is much larger.

Regards,
  • #637
  • Mar 2, 2006 6:13pm Mar 2, 2006 6:13pm
Hi, "long time" reader first time poster.

First I have to say thank you Vegas for the system to examine. Looking at various systems has become a favorite (and yes "nerdy") past time recently.

But to the crux of my first post...

Quoting vegas
Everyone,
I want to address the price action in most currency pairs that I trade. Lately [past few weeks] market action is some of the worst I have seen in recent memory. Extreme lulls and then comes the 15 minute "drive-by-shooting" followed by more sleeping.

In the 2 major pairs that I trade, gbp/usd and eur/jpy, this type of price action is atypical. The reason I mention this is that it is very important to understand that the 3 concepts of VWB Part II are key in setting up, executing, and then profiting from a trade. When these concepts are missing it becomes very difficult setting up highly profitable trades.
Thank you again for verifying my concerns. For the past couple months I've been watching the markets languish and then take off like they've rockets strapped to them (JATO). I can scroll through the history as easy as anyone else, I just hope this isn't a continuing trend for the markets.

Besides that I have a question concerning your "favorites" (the cable and eur/jpy) and your system. I got the idea of currency correlation stomped into me early in my forex growth (not all that long ago honestly), and you gave a warning about trading the cable and fiber together, but do you solely trade them (cable eur/jpy) or do you still trade the other currencies if their setup "looks better?"

Or do you trade your primaries, and then trade the other correlated currencies in smaller quantaties?

I guess I'm curious on your personal methodology/feelings/warnings towards trading correlations.

My thanks, and enjoy the eve!
  • #638
  • Mar 3, 2006 2:47am Mar 3, 2006 2:47am
Hi Vegas,

I have just read VWB part II and that's great.
You know something like i use my big figure strategy on GBPUSD. If day opens at "middle price" (for instance 1750) then it has big profitability to cross big figures either way 1700 or 7800, and by your systems if it goes 47 pips either way it has low profitability to retrace back. Thus I place OCO stop sell/buy orders near big figures.

Also if you had read my quaranteed pips strategy you can figure out that I am fond of probabilities too I mean statistics is everything,
None of system can preditct how many traders will click on the left button of the mouse, but if you have statistics so you have high probabilities too
kiss the trend
  • #639
  • Mar 3, 2006 2:59am Mar 3, 2006 2:59am
And my question


How you define fib lines?
Attached Image
kiss the trend
  • #640
  • Mar 3, 2006 3:22am Mar 3, 2006 3:22am
Quoting fx-trader777
And my question


How you define fib lines?
Hey tri-7,

Go here! http://www.forexfactory.com/vegas_files.zip

read the file and add the indicators which will show you in MT4 what to do!

HJ
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
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