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Vegas Wealth Builder - Part I

  • #281
  • Mar 12, 2006 9:36pm Mar 12, 2006 9:36pm
Just what I was thinking short below or at 1.1584
Needs to break out of the range on the hourly and 4 hr to be able to drop further.

Quoting dof
That's what I was thinking, entry point at 1.1584 the low og PB. I call it doji... not PB
  • #282
  • Mar 12, 2006 11:20pm Mar 12, 2006 11:20pm
A couple of currencies are at fib extremes with the announcement of the NFP. I realise that price is the leading indicator and that if the 3 entry signals are satisfied as per VWB2 that we should trade no matter what.

But if hypotheticaly all three signals were satisified in any of these pairs, I would still feel unsure in these circumstances that it would not just be a correction of the NFP market response.
Most fundamental analysis seems to suggest further strengthening of the Dollar.
It's pretty hard to just ignore the fundamentals in conjunction with an major economic announcement that makes the market have a knee jerk reaction that might look like an exhaustion move.
I wonder if any others agree that in this sort of environment, should the 3 signals for entry occur that they could be caused by a correction of the market initial reaction therefore giving us a probable false entry and that it would be wiser to stay out of a trade for while in these circumstance.
Or do we just follow what price demands?
Any opinions folks?
  • #283
  • Mar 12, 2006 11:48pm Mar 12, 2006 11:48pm
Hi Lindsay,
This is just an my take on the situation, but if you were concerned with the trade potential based on fundamentals, you might decide to take the trade anyway, but 'play the cards close to your chest'. I think that Vegas did this with one of the GBP trades last month. You could take the trade and use tighter stops, shfiting stop loss to break even early on and shifting into a 'free trade' mode. This way if it is only a minor correction you don't loose much (and may even take a profit!) and if it IS a good turning point, you do get into the trade.
Cheers,
Linc.


Quoting Lindsay
A couple of currencies are at fib extremes with the announcement of the NFP. I realise that price is the leading indicator and that if the 3 entry signals are satisfied as per VWB2 that we should trade no matter what.

But if hypotheticaly all three signals were satisified in any of these pairs, I would still feel unsure in these circumstances that it would not just be a correction of the NFP market response.
Most fundamental analysis seems to suggest further strengthening of the Dollar.
It's pretty hard to just ignore the fundamentals in conjunction with an major economic announcement that makes the market have a knee jerk reaction that might look like an exhaustion move.
I wonder if any others agree that in this sort of environment, should the 3 signals for entry occur that they could be caused by a correction of the market initial reaction therefore giving us a probable false entry and that it would be wiser to stay out of a trade for while in these circumstance.
Or do we just follow what price demands?
Any opinions folks?
  • #284
  • Mar 13, 2006 9:02am Mar 13, 2006 9:02am
Dear All;

I knew that BEMAC has programmed the vegas tunnel for VT users. Could anyone or Mr.Bemac send me the script files for that?

Ahmad
  • #285
  • Mar 13, 2006 11:19am Mar 13, 2006 11:19am
Quoting abedewi
Dear All;

I knew that BEMAC has programmed the vegas tunnel for VT users. Could anyone or Mr.Bemac send me the script files for that?

Ahmad
Hi folks,
Over the last week or so I have [via pm and forum posts] been requested info on VT code for various indicators & sysems I have posted here.

Im not sure if you are aware of this other forum but, in the event that you are not, check this one out.

http://www.visualtradingcharts.com/...a602464198ae0a4

There you will find not only most of the stuff I have written for VT {including VWB & Tunnel etc} but some really good Indicators and Systems by others.
Suggest you do a search for authors Claude to see some pretty amazing stuff Or Bantam for extensive Tunnel system work
  • #286
  • Mar 13, 2006 7:28pm Mar 13, 2006 7:28pm
First and foremost very much thanks to Mr. Vegas for his generosity, time and willingness to answer questions.

In VWB II, in chapter 3, section 1 the document indicates - "It's very clear from the data that you can make the following conclusions:" - however I have been trying very hard to figure out how the analysis of data in section 2 (I believe this is what is being referred to) can yield the probabilities mentioned in the three bullets following the statement.

I am not a math person, so it’s probably something very simple that I don’t get. Can anyone give me some guidance of how I can calculate the type of probabilities mentioned in Chapter 3, section 1 from the median analysis and/or dataset available in Chapter 2? I would be very grateful.

I was not sure if it was right to post text right out of the VWB II doc without permission so I kept my extract to a bare minimum just to show where I was having the question. I apologize in advance if this is outside of the forum rules.

Thanks for your time,
AH.
  • #287
  • Mar 13, 2006 8:29pm Mar 13, 2006 8:29pm
Quoting Achilles heel
First and foremost very much thanks to Mr. Vegas for his generosity, time and willingness to answer questions.

In VWB II, in chapter 3, section 1 the document indicates - "It's very clear from the data that you can make the following conclusions:" - however I have been trying very hard to figure out how the analysis of data in section 2 (I believe this is what is being referred to) can yield the probabilities mentioned in the three bullets following the statement.

I am not a math person, so it’s probably something very simple that I don’t get. Can anyone give me some guidance of how I can calculate the type of probabilities mentioned in Chapter 3, section 1 from the median analysis and/or dataset available in Chapter 2? I would be very grateful.

I was not sure if it was right to post text right out of the VWB II doc without permission so I kept my extract to a bare minimum just to show where I was having the question. I apologize in advance if this is outside of the forum rules.

Thanks for your time,
AH.
Hahaha.. That makes us two AH.. I really just browsed through the VWB III because it was very difficult for me to understand what was written there..

I'm planning to go back to it when I'm in the condition for deeper reading and understanding..

I like math but I got tired of it when I started calculus, integrals, etc., during college..

Regards,
East
  • #288
  • Mar 13, 2006 8:34pm Mar 13, 2006 8:34pm
Hi East,

Just want to verify we're talking about the same document. I was referring to VWB II, Chapter 3, section 1.

You mentioned VWB III, which I am aware of but have not purchased yet.

Thanks again,
AH.
  • #289
  • Mar 13, 2006 9:42pm Mar 13, 2006 9:42pm
Okay, I screwed with the numbers.. I actually was referring to VWB II..

Thanks for the clarification..

Regards,
East
  • #290
  • Mar 15, 2006 12:34am Mar 15, 2006 12:34am
Hi Guys,

im new to this forum and just found and download VEGAS WEALTH BUILDER PART I and II but i dont really sure how to insert the Vegas Currency Daily and Vegas S_p Daily,


I will appreciate if anyone provide me apropriate information...

thanks... and wish you all happy trading
  • #291
  • Mar 16, 2006 8:08am Mar 16, 2006 8:08am
sundra,

Have you already downloaded MetaTrader 4? If not, you can find it here: http://www.strategybuilderfx.com


Then you'll need to download the Vegas indicators (.mq4 files) and copy them to the "indicators" folder for MT4 (for example, the path may be "C:\Program Files\StrategyBuilderFX 4\experts\indicators").


These indicators may be found in the first message of this thread.

Then start MetaTrader, open the charts as specified in VWB and insert the indicators by selecting, for example, Insert|Indicators|Custom|Vegas Currency Daily.

Be sure to follow the instructions from VWB for inserting the indicators, because each currency pair has its own settings.
Quoting sundra
im new to this forum and just found and download VEGAS WEALTH BUILDER PART I and II but i dont really sure how to insert the Vegas Currency Daily and Vegas S_p Daily
  • #292
  • Mar 16, 2006 8:17am Mar 16, 2006 8:17am
Hi MrPips,

thanks for your great advice and now i start studing the graph after ur advice,

guys, im in learning phase on Vegas method and will take time to give more reply and feedback from vegas model, so i hope you guys will give me more support on my learning...

and my special and sincere thanks to Mr Vegas for his effort


thanks and have a profitable trading....
  • #293
  • Mar 16, 2006 8:38am Mar 16, 2006 8:38am
Quoting sundra
Hi MrPips,

thanks for your great advice and now i start studing the graph after ur advice,

guys, im in learning phase on Vegas method and will take time to give more reply and feedback from vegas model, so i hope you guys will give me more support on my learning...

and my special and sincere thanks to Mr Vegas for his effort


thanks and have a profitable trading....
Firt, if you use metatrader, you can find on the forum indicators that may help you on your study. They implement all the models in one, easy to see, easy to use
Try hard, think fast, die young
  • #294
  • Mar 16, 2006 9:16am Mar 16, 2006 9:16am
Hi guys,

Currently im understudy Vegas "Vegas 1 Hour Tunnel Method" and quite confuse on few things, is there anyone can help me to make me more understand about what its about???

=============================================
Example: GBP/USD is trading at 1.8500. The ema's are as follows: 144- 1.8494, 169- 1.8512. The market breaks 1.8494, and you sell at 1.8492. Your stop and reverse is now at 1.8512. Over the following hours, market starts to go down. 40 minutes after you put position on, cable is at 1.8440. You can use for computation purposes either tunnel boundary or the median of the tunnel. Ema's are still the same, so if you use the median, 55 from 1.8503 is 1.8448. You should have taken part of the position off at 1.8448. Market does nothing rest of day. Stop can be moved down to protect position or left alone at tunnel. You are now looking for price to be 89 pips away from the ema's. Since 55 was already passed, it no longer concerns us in this cycle. A couple of days later, cable is at 1.8300 and the median of ema's is 1.8410 [1.8400 - 1.8420]. You should be out of another portion of the position at 1.8321. Market bottoms here and in the next 2 hours, cable screams to 1.8535. Your remaining short position is covered at upper tunnel boundary of 1.8420, and you are now long from this point as well. Since you are long, you would now take partial profits at 1.8475 and 1.8509.
=========================================

From my understanding...
GBP/USD

Trading is: 1.8500
ema 144: 1.8494
ema 169: 1.8512
Sell: 1.8492


in my understanding, when ema 169 is above ema 144 that mean the market is on downtrend,so how i could make a partial profit from this scenario..???


thanks and may have a profitable trading
  • #295
  • Mar 16, 2006 4:13pm Mar 16, 2006 4:13pm
sundra,

You're selling during a downtrend, so you're going to make money in this scenario.

When it's trending upward, you should buy.

Quoting sundra
in my understanding, when ema 169 is above ema 144 that mean the market is on downtrend,so how i could make a partial profit from this scenario..???
  • #296
  • Mar 16, 2006 4:27pm Mar 16, 2006 4:27pm
EUR / CAD ?
What do you think?
Try hard, think fast, die young
  • #297
  • Mar 16, 2006 6:01pm Mar 16, 2006 6:01pm
Quoting dof
EUR / CAD ?
What do you think?
We had a strong daily BUB, close near the top and no sign of weakness.
No rush...
It is however on my watch list and I may initiate position near the 1.4100/50 failure.
  • #298
  • Mar 17, 2006 8:35am Mar 17, 2006 8:35am
Quoting mrpips
sundra,

You're selling during a downtrend, so you're going to make money in this scenario.

When it's trending upward, you should buy.

Good day guys...

thanks Mrpips... now i understand what vegas mean....

one more question... in "vegas currency daily" indicator he customise ema 24 and 26, and in "vegas 1 hour tunnel method" he prefer ema 144 and 169 to develop a tunnel, in uptrend market i think ema 24 and 26 tunnel are more closer to the moving graph and it will setup the most highest "stop" which can prevent from losing more pips if sudden downtrend of market...

wat u guys think about this? and can anyone explain me the purpose of ema 144-169 compare to ema 24-28

thanks and may have profitable trading
  • #299
  • Apr 6, 2006 2:52am Apr 6, 2006 2:52am
Quoting vegas
I drew the black dots on the charts to identify the reversal patterns at the important fib levels for each currency pair. At each black dot there is a reversal of some kind that indicates the market is potentially exhausted. The more perfect the reversal, the better an indicator for a reverse in trend.

I put these on the charts so that you wouldn't have to go hunting for them on your own. When you look at the charts, you can see that at almost all turning points you get these patterns at the important fib levels.

Now, the key is, not every one is the top or bottom in a move. Taking small losses on these losers is essential. Discipline here is key. When it is correct, the winners are huge. Bat .500 and you make a lot of money.
Please, what do you consider small losses?
  • #300
  • Apr 6, 2006 3:08am Apr 6, 2006 3:08am
Quoting vegas
Yes, this is the whole idea.

I want all of you to understand the power of a model versus the weakness of a system.

A system is "everybody wear black". A method is "use black and look your best".

That's why I say in the VWB that after you take this initial profit at the tunnel you now have the "holy grail" of trading. A position that is a winner that you can do with as your abilities allow. If you are an experienced trader, you may want to take the remaining position and move to the 1 hour or 4 hour for timing your exit. If you are a newbie, you can just trail with a stop where you feel comfortable. There are an infinite number of exit strategies suitable to your abilities.

But one thing everybody has in common: it's a winning trade.
From this I take it you place your trade from the Vegas Currency and then look for your exit on the 4hour tunnel
chart?
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