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Attachments: Vwb Chapter 3 Study
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Vwb Chapter 3 Study

  • #61
  • Mar 18, 2006 5:21pm Mar 18, 2006 5:21pm
Hello,

I am new this forum, I have read all the Vegas Documents and also just about every message on ForexFactory's forums. My eyes are bloodshot; I haven't slept well for a week, because it has all been so interesting.



I do have a question though. In the Vegas II documents, Vegas tells us to rely more on the Black dot trend, and I see from HeavyJ's excellent research that there are certainly correlations with how far price will move when the Weekly trend agrees and disagrees with the Black dot Trends.



Am I correct in my understanding that making a momentum indicator from the 21EMA(median) and 5 MA(median), then plotting the difference between these averages is a good way to visually represents these trend changes? Or is this too simplistic an approach for the graphic representation of the weekly trend changes?



Any help on this would be greatly appreciated. Thanks SMJones
  • #62
  • Mar 19, 2006 5:19pm Mar 19, 2006 5:19pm
Quoting diallist
The indicator that HJ mentioned does display the UP or DOWN state of the WM in realtime. However, the indicator is not exclusive to the PF. It was developed by Team Aphid prior to the launch of the PF for use by anyone.

I've attached it to this posts if anyone is interested. Please note, it is for use on the 4 hour charts ONLY.

Dial

dialist cant open this file my screen tells me inproper fiel handel . does anyone have this happen to them?????? Wat do you mean by only the 4 hour chart ,are you saying not to apply it to the daily chart ??????
  • #63
  • Mar 19, 2006 9:56pm Mar 19, 2006 9:56pm
Quoting smjones
Hello,

I am new this forum, I have read all the Vegas Documents and also just about every message on ForexFactory's forums. My eyes are bloodshot; I haven't slept well for a week, because it has all been so interesting.



I do have a question though. In the Vegas II documents, Vegas tells us to rely more on the Black dot trend, and I see from HeavyJ's excellent research that there are certainly correlations with how far price will move when the Weekly trend agrees and disagrees with the Black dot Trends.



Am I correct in my understanding that making a momentum indicator from the 21EMA(median) and 5 MA(median), then plotting the difference between these averages is a good way to visually represents these trend changes? Or is this too simplistic an approach for the graphic representation of the weekly trend changes?



Any help on this would be greatly appreciated. Thanks SMJones
Hey Mr. Jones,

I've been sorta incommunicado, sorry it took so long to see your post. The 21EMA MED/ 5SMA MED you spoke of is in the Vegas 4 hr Tunnel thread. and yes this is correct for Vegas 4hr tunnel entries. You can read about these strategies in the "Lost in the tunnel" thread. Vegas 4 hr Tunnel Doc is attached to post #1.

As for my use of this to determine relative strength in the VWB trend. It seems to work pretty well, but nothing is for certain.......else we'd all be rich by now!

Hope this helps

HeavyJ


Welcome to the bloodshot eye club, your in good company.

As for the 5
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
  • #64
  • Mar 20, 2006 1:35pm Mar 20, 2006 1:35pm
HeavyJ,

Thanks for the advise. smjones
  • #65
  • Mar 20, 2006 4:02pm Mar 20, 2006 4:02pm
Dial,

I sure don’t want to make an enemy of the one with the most knowledge and who is the administrator of the site. However, Jotty asked a legitimate question regarding the calculation of the VWB and you referred him to a private forum that cost him money. I don’t think that is right. Everyone who is reading this thread is interested in the VWB and should be helped with there questions rather than redirection for cash.

Do you not make enough money from your trading or do you need the money from the PF to fund your trading or what? I don’t know but I thought these threads were for people to freely help each other. If you don’t you maybe you are just greedy.



Referring to post 36, “If you will post in the private forum, in the Knife - Discussion thread exactly how you are doing your calculation, then I'll be able to better see it from your perspective and will be in a better position to help you understand.”

To me you are telling him pay or I won’t help you.

Pippie
  • #66
  • Mar 20, 2006 5:58pm Mar 20, 2006 5:58pm
Quoting pippie
Dial,

I sure don’t want to make an enemy of the one with the most knowledge and who is the administrator of the site. However, Jotty asked a legitimate question regarding the calculation of the VWB and you referred him to a private forum that cost him money. I don’t think that is right. Everyone who is reading this thread is interested in the VWB and should be helped with there questions rather than redirection for cash.

Do you not make enough money from your trading or do you need the money from the PF to fund your trading or what? I don’t know but I thought these threads were for people to freely help each other. If you don’t you maybe you are just greedy.



Referring to post 36, “If you will post in the private forum, in the Knife - Discussion thread exactly how you are doing your calculation, then I'll be able to better see it from your perspective and will be in a better position to help you understand.”

To me you are telling him pay or I won’t help you.

Pippie

Pippie, there is only a small issue. It seems Jotty is already a member of private forum. Please read again the original post of Diallist.
  • #67
  • Mar 21, 2006 1:23am Mar 21, 2006 1:23am
*sighs*

Again I go unnoticed...

No one answered my question...
  • #68
  • Mar 21, 2006 1:50am Mar 21, 2006 1:50am
Quoting NeoEx
Before I get started let it be known I'm a severe newbie. That being said:

Just wanting to see if I have the general idea here. If the weekly momentum is with the VWB direction, price will typically find the opposite extreme of the fib lines. If against, it tends to stall around the daily channel. If the previous is accurate, I take the following away from it:

If weekly momentum is with the VWB move, you could hypothetically let most of your position run, allowing for maximum gains. If weekly momentum is against, you could close most of your positions at the tunnel, locking in profits, avoiding the reversal the weekly momentum tends to create.

Again, I'm VERY new, have been looking over the VWB for a few days and have yet to come remotely close to fully understanding the entire sphere of it all. Please take this into consideration so that while tearing this post apart can be done as gently as possible..
Hi Neoex,

I'd really love to answer your question, but I'm also not sure of it..
But I think you do have the general idea about it..

But if the theory is accurate or not, I'm afraid you'll have to do some research yourself..

Hope this helps.

Regards,
East
  • #69
  • Mar 21, 2006 5:08am Mar 21, 2006 5:08am
Quoting NeoEx
Before I get started let it be known I'm a severe newbie. That being said:

Just wanting to see if I have the general idea here. If the weekly momentum is with the VWB direction, price will typically find the opposite extreme of the fib lines. If against, it tends to stall around the daily channel. If the previous is accurate, I take the following away from it:

If weekly momentum is with the VWB move, you could hypothetically let most of your position run, allowing for maximum gains. If weekly momentum is against, you could close most of your positions at the tunnel, locking in profits, avoiding the reversal the weekly momentum tends to create.

Again, I'm VERY new, have been looking over the VWB for a few days and have yet to come remotely close to fully understanding the entire sphere of it all. Please take this into consideration so that while tearing this post apart can be done as gently as possible..
Hey NeoEx<

Forgive me! Not been here much lately.

It appears to me that you have the essence of this study! Please remember that we are speaking in tendencies here not hard facts and that the to effects of the trends whether aligned or opposesd will tend to vary as to relative strength.

Now as to strategy and how you handle position entry and exits?

Thats for you to decide. Iv'e been using this for a while and it is not a walk in the park! I would say that your assessment in the second paragraph is pretty sound as to strategy.

I've been using this as a VWB counter trend strategy with some modicum of success but guess what, I can't seem to get my gear up with the VWB entries yet. Thats where the power is.

Hope this helps!

and good luck!

HeavyJ
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
  • #70
  • Mar 21, 2006 1:19pm Mar 21, 2006 1:19pm
Hi everyone,

So if I am understanding the 4 hour tunnel method, and the relationship with the Weekly momentum and Heavj's corelation of against and with the weekly momentum. There was a signal to short last night on the GBPUSD. Have I got this right or am I just up in the night?

Thanks SMJones
  • #71
  • Mar 21, 2006 1:42pm Mar 21, 2006 1:42pm
Quoting smjones
Hi everyone,

So if I am understanding the 4 hour tunnel method, and the relationship with the Weekly momentum and Heavj's corelation of against and with the weekly momentum. There was a signal to short last night on the GBPUSD. Have I got this right or am I just up in the night?

Thanks SMJones
Yes, you got it right. A few people I know (including myself) entered short between 1.7530/65 based on 4hr tunnel or knife system.
  • #72
  • Mar 21, 2006 1:54pm Mar 21, 2006 1:54pm
raczekfx,

Thanks for the assurance. I placed my short at 1.7547..

SMJones
  • #73
  • Mar 21, 2006 2:06pm Mar 21, 2006 2:06pm
Quoting smjones
raczekfx,

Thanks for the assurance. I placed my short at 1.7547..

SMJones
That's great. Congrats SMJones.
I enjoy seeing people succeed and prosper...

good trading to all!
  • #74
  • Mar 21, 2006 2:14pm Mar 21, 2006 2:14pm
Quoting raczekfx
That's great. Congrats SMJones.
I enjoy seeing people succeed and prosper...

good trading to all!
One more thing, I am kind of fuzzy on the stop level, so I placed my stop just above a Tom DeMark Trend Line at 1.7582 and that seemed to hold well.

Any ideas on stops? or do you think that will fly pretty well.

Thanks again, SMJones
  • #75
  • Mar 21, 2006 2:39pm Mar 21, 2006 2:39pm
Quoting smjones
One more thing, I am kind of fuzzy on the stop level, so I placed my stop just above a Tom DeMark Trend Line at 1.7582 and that seemed to hold well.

Any ideas on stops? or do you think that will fly pretty well.

Thanks again, SMJones
There is no sure thing in trading so I'd be lying if I said yes, it'll fly.
I usually look at highs of few 4hr bars back and place it few pips above it, then move it to BE as soon as 25/30p in profit. This is to protect investment, however it results in many stopouts on bounces (about 60-70% in my case), but when it flies, it flies.....
  • #76
  • Mar 21, 2006 2:54pm Mar 21, 2006 2:54pm
Quoting raczekfx
There is no sure thing in trading so I'd be lying if I said yes, it'll fly.
I usually look at highs of few 4hr bars back and place it few pips above it, then move it to BE as soon as 25/30p in profit. This is to protect investment, however it results in many stopouts on bounces (about 60-70% in my case), but when it flies, it flies.....
Ok, one last last question and then I stop bugging you.
In the Vegas Documents, it says the following

Assuming the market starts to go up, we stay long until

1) at some point in time the 8 SMA changes slope from positive to negative, at which point we exit the entire 3 unit trade,

2) the market moves up, there is no slope change, and goes to the 144 or 233 fib number from the 55 SMA line, where 1 unit is taken off,

3) the market moves up to the next fib number [233 or 377], again with no slope change, and the 2nd unit is booked.

My question is, is the third lot held until either we reach the most extreme Fib. or price reaches the tunnel, or we are stopped out? I cannot see where Vegas has stated this. I am just assuming it.
what are your thoughts.
Thanks again very much for your time. SMJones
  • #77
  • Mar 21, 2006 3:30pm Mar 21, 2006 3:30pm
Quoting smjones
Ok, one last last question and then I stop bugging you.
In the Vegas Documents, it says the following

Assuming the market starts to go up, we stay long until

1) at some point in time the 8 SMA changes slope from positive to negative, at which point we exit the entire 3 unit trade,

2) the market moves up, there is no slope change, and goes to the 144 or 233 fib number from the 55 SMA line, where 1 unit is taken off,

3) the market moves up to the next fib number [233 or 377], again with no slope change, and the 2nd unit is booked.

My question is, is the third lot held until either we reach the most extreme Fib. or price reaches the tunnel, or we are stopped out? I cannot see where Vegas has stated this. I am just assuming it.
what are your thoughts.
Thanks again very much for your time. SMJones
I'd say until stopped out, but I don't follow those rules for exit.
  • #78
  • Mar 21, 2006 3:35pm Mar 21, 2006 3:35pm
Quoting raczekfx
I'd say until stopped out, but I don't follow those rules for exit.
If it is not to incredulus for me to ask, what is your trigger for the exit?

Thanks SMJones
  • #79
  • Mar 21, 2006 3:36pm Mar 21, 2006 3:36pm
Q :Can I Apply the Vegas daily tunnel to th 4huor chart and use the overbought and oversold as the daily ???????/
  • #80
  • Mar 21, 2006 3:52pm Mar 21, 2006 3:52pm
Quoting vinn234
Q :Can I Apply the Vegas daily tunnel to th 4huor chart and use the overbought and oversold as the daily ???????/
I am a little unclear on what you mean. Do you mean use the averages for the weekly that are used on the Vegas Daily, in the daily timeframe instead, to produce a momentum ocsillator. to gauge the trend in the 4 Hour?

I think I am as HeavJ would say a bit of a BoneHead on this...

thanks SMJones
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