VWVB Daily Chart Analysis | Page 12 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies

100% Daily Chart Analysis 64 replies

What is the difference between an "interday" chart and "intraday" chart? 2 replies

1 bar in 1H chart = how many bar in 5min chart? 3 replies

gbpjpy tick chart difference with 5m chart 0 replies

Attachments: VWVB Daily Chart Analysis
Exit Attachments

VWVB Daily Chart Analysis

  • #221
  • Mar 14, 2006 4:57am Mar 14, 2006 4:57am
I went long on cable also (still on demo). I was a bit late though; entered at day's high. Although not part of VWB, I just took some profit out at 50pips a few minutes ago, and moved SL to BE for the free trade.
  • #222
  • Mar 14, 2006 5:14am Mar 14, 2006 5:14am
Quoting zenophyte
At 8:00 AM GMT the GBPUSD drove down from hi of 1.7291 to a lo of 1.7235 on the hourly chart.The next 2 hours it came back through the 50% retrace fib of 1.7263.
This was a touch of the 3rd fib with a quick retrace therefore we had 3rd fib price action and a cross of the 50%.

Hope that helps.
Yes, I saw all those elements coming into play, but in my opinion they didnt quite tick Vegas' "3 concepts" list soundly. I mean, cable had at that point a tight range for the day, plus the 50% wasnt taken out with any momentum whatsoever. Moreover, we didnt have any bullish candle formation on the daily at that time. That is why I decided to sit this one out.

Perhaps Vegas himself could give us some insight here?
  • #223
  • Mar 14, 2006 5:41am Mar 14, 2006 5:41am
Quoting WTB
Yes, I saw all those elements coming into play, but in my opinion they didnt quite tick Vegas' "3 concepts" list soundly. I mean, cable had at that point a tight range for the day, plus the 50% wasnt taken out with any momentum whatsoever. Moreover, we didnt have any bullish candle formation on the daily at that time. That is why I decided to sit this one out.

Perhaps Vegas himself could give us some insight here?
WTB,

Vegas has said on a few occasions that it takes all three criteria for an "A" Trade. He also said that sometimes you have to work with two outa three, somewhere on these pages.

I'm with you on this.....Not in!

Those that are in.......in the money......free trade!

Congratulations......you picked the right marble this time.

Hmmmm free trades. Gotta love em

HeavyJ
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
  • #224
  • Mar 14, 2006 5:43am Mar 14, 2006 5:43am
Quoting BigFace
Hi

Im fairly new to the VWB sytems but from what Ive see.. looks promising
Anyone trade the NZD here?....Its taken a bit of a hammering lately so NZD/USD and partuclarly AUD/NZD daily look quite extended.... Can the VWB be applied to these pairs ?

Cheers
Hey BigFace,

I've been working to determine the models that fit some of the nzd pairs, but because of the heavy trend of the current pairs ... I'm having trouble. I agree the pairs look extended ...

I'm attempting to use:

Risk Model #2 - audnzd
Risk Model #1 - nzdusd
Risk Model #2 - nzdjpy

I'm trading these pairs in demo, but everything else i'm trading live. If anyone has found better models for these pairs, please speak up.

Happy Trading ....
If it is not broken, fix it until it is!
  • #225
  • Mar 14, 2006 9:58am Mar 14, 2006 9:58am
Quoting Anpar
I also moved my stops to BE for all three pairs.
GBP/USD and USD/JPY has reached the daily tunnel, removed half of my positions on both.
  • #226
  • Mar 14, 2006 10:31am Mar 14, 2006 10:31am
03/14/2006 at 11.25am est..

Disclaimer :
Please note that I'm just giving my own observation about VWB trades and not an expert in this. This should not be considered as trade recommendations. Please trade with your own analysis.
Attached Image
  • #227
  • Mar 14, 2006 1:31pm Mar 14, 2006 1:31pm
Quoting vishalshan
03/14/2006 at 11.25am est..

Disclaimer :
Please note that I'm just giving my own observation about VWB trades and not an expert in this. This should not be considered as trade recommendations. Please trade with your own analysis.

I'm still holding those 3 trades
Try hard, think fast, die young
  • #228
  • Mar 14, 2006 1:58pm Mar 14, 2006 1:58pm
Quoting dof

I'm still holding those 3 trades
I'm in all 3 as well + EUR/GBP ( looking like a dog )

This system is amazing. I'm finding the hardest thing is to wait for the trades to set up. Once you get over that and align your entries with both the concepts of the 4 hour tunnel and VWB sit back and watch the PIP's roll in.

I've already booked 479 pips today. Currently open trades sit at 721 PIPS total with 3 EUR/GBP positions at BE and about 400 pips protected by stops on my open USD/JPY and GPB/USD positions. USD CAD currently up about 100 on 3 open positions also a free trade.

This round looks like it’s almost over. I hope not. Then it will be back to waiting for another great round of setups.
  • #229
  • Mar 14, 2006 3:07pm Mar 14, 2006 3:07pm
Quoting nutmg12
I'm in all 3 as well + EUR/GBP ( looking like a dog )

This system is amazing. I'm finding the hardest thing is to wait for the trades to set up. Once you get over that and align your entries with both the concepts of the 4 hour tunnel and VWB sit back and watch the PIP's roll in.

I've already booked 479 pips today. Currently open trades sit at 721 PIPS total with 3 EUR/GBP positions at BE and about 400 pips protected by stops on my open USD/JPY and GPB/USD positions. USD CAD currently up about 100 on 3 open positions also a free trade.

This round looks like it’s almost over. I hope not. Then it will be back to waiting for another great round of setups.
That's very nice, nutmg12. Congratulations. I'm collecting few pips on gbp/jpy.
  • #230
  • Mar 14, 2006 4:19pm Mar 14, 2006 4:19pm
Quoting raczekfx
That's very nice, nutmg12. Congratulations. I'm collecting few pips on gbp/jpy.
I'm not sure about a classic VWB entry but it looks like a classic VWB move. Nice and clean steady up. Did you get in at the bottom or enter a 4HT trade?

I started demo trading on 3/1. If I closed my open positions right now I'd be at 1700 pips for the month. I know I missed at least 4 good setups outright and mismanaged a few positive trades.

Of course I've been entering everything I can find. It will be nice when I have the account size to enter all these trades live. Since I don't I'm going to demo for another 2 months, learn everything I can then enter only the best set ups until my account size can handle all these open positions.

Joe
  • #231
  • Mar 14, 2006 4:23pm Mar 14, 2006 4:23pm
Nice Job Joe!!!
  • #232
  • Edited Mar 15, 2006 1:31pm Mar 14, 2006 9:59pm | Edited Mar 15, 2006 1:31pm
Quoting nutmg12
I'm not sure about a classic VWB entry but it looks like a classic VWB move. Nice and clean steady up. Did you get in at the bottom or enter a 4HT trade?

I started demo trading on 3/1. If I closed my open positions right now I'd be at 1700 pips for the month. I know I missed at least 4 good setups outright and mismanaged a few positive trades.

Of course I've been entering everything I can find. It will be nice when I have the account size to enter all these trades live. Since I don't I'm going to demo for another 2 months, learn everything I can then enter only the best set ups until my account size can handle all these open positions.

Joe
No, I missed the bottom, daily bounce off 365, but I’m short @ 206. I haven’t got a chance to use neither knife nor VWB on this pair yet. I use price action instead. Slow and steady move up is usually followed by a violent move down. It almost looks like every house in Japan longs Yen every now and then. If you catch the wave it usually translates to quick few hundred pips.
  • #233
  • Mar 15, 2006 8:43am Mar 15, 2006 8:43am
03/15/2006 at 9.40am est..

Disclaimer :
Please note that I'm just giving my own observation about VWB trades and not an expert in this. This should not be considered as trade recommendations. Please trade with your own analysis.
Attached Image
  • #234
  • Mar 15, 2006 8:54am Mar 15, 2006 8:54am
You have EURJPY as a no trade situation. But we had a buy signal from PAP on 2/28. I am still in that trade long +300 pips. Did you get into that trade and get stopped out?
  • #235
  • Mar 15, 2006 9:38am Mar 15, 2006 9:38am
Quoting palanka
You have EURJPY as a no trade situation. But we had a buy signal from PAP on 2/28. I am still in that trade long +300 pips. Did you get into that trade and get stopped out?
No, I missed that entry..thanks for the inputs..
  • #236
  • Mar 15, 2006 12:27pm Mar 15, 2006 12:27pm
Hmm I see some of you played the USDCAD... but when it broke downward it wasn't near the 2nd fib. Owell, congrats to those who made money on this.

I acually placed my first real trade with this model on the USDJPY when it broke down and netted approximatly 100 pips! It was a small trade, nothing big-money.
  • #237
  • Mar 15, 2006 1:38pm Mar 15, 2006 1:38pm
Quoting xspowerx
Hmm I see some of you played the USDCAD... but when it broke downward it wasn't near the 2nd fib. Owell, congrats to those who made money on this.

I acually placed my first real trade with this model on the USDJPY when it broke down and netted approximatly 100 pips! It was a small trade, nothing big-money.
It was a good one, USD / JPY.
Usd / Cad is moving... but to slow
Try hard, think fast, die young
  • #238
  • Mar 15, 2006 7:12pm Mar 15, 2006 7:12pm
Congratulations on going live.

Great trade nettin 100 pips.





Quoting xspowerx
Hmm I see some of you played the USDCAD... but when it broke downward it wasn't near the 2nd fib. Owell, congrats to those who made money on this.

I acually placed my first real trade with this model on the USDJPY when it broke down and netted approximatly 100 pips! It was a small trade, nothing big-money.
  • #239
  • Mar 16, 2006 8:45am Mar 16, 2006 8:45am
03/16/2006 at 9.45am est..

Disclaimer :
Please note that I'm just giving my own observation about VWB trades and not an expert in this. This should not be considered as trade recommendations. Please trade with your own analysis.
Attached Image
  • #240
  • Mar 16, 2006 9:23am Mar 16, 2006 9:23am
Just fyi I've been in live on the usd/cad very small trade and on demo on the other 3 that were listed here above.

Live Live is a money maker the stop is more than be and I have taken some off the table. I got in at a very good price based on Jims Pin Bar lessons. Although I am following the vwb 4 hr and watching the Daily for direction.

This stuff rocks, thanks to Vegas


Quoting vishalshan
03/16/2006 at 9.45am est..

Disclaimer :
Please note that I'm just giving my own observation about VWB trades and not an expert in this. This should not be considered as trade recommendations. Please trade with your own analysis.
0 traders viewing now