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Vegas Method - has it been successful for others?

  • #1
  • First Post: Apr 3, 2006 8:18pm Apr 3, 2006 8:18pm
Hi

I done a lot of research on the vegas method.

I was wondering if in fact it has been successful with others, other than Vegas himself?

Also, what are the necessary things to look out for when using such a method?

Cheers

Rusty
  • #2
  • Apr 3, 2006 9:37pm Apr 3, 2006 9:37pm
It works ... you just have to becareful and look out for when the currency fall out of its normal behavior as it oscillate up and down (Daily method). Good example in recent weeks is when the AUD failed to turn around. So make sure you set a stop loss b/c it might not return back to the daily channel any time soon.
  • #3
  • Apr 3, 2006 9:44pm Apr 3, 2006 9:44pm
Quoting Rusty_forexman
Hi

I done a lot of research on the vegas method.

I was wondering if in fact it has been successful with others, other than Vegas himself?

Also, what are the necessary things to look out for when using such a method?

Cheers

Rusty
Last week's total pips made from 4 hour tunnel VWB

03/21/06 19:00 place 3 lot short GBPUSD 1.7547
03/22/06 20:00 one lot limit out at tunnel 1.7452 profit = +95 pips
03/24/06 04:00 one lot limit out at 144 fib 1.7318 profit = + 229 pips
03/24/06 09:30 one lot hit trail stop at 1.7358 profit = +189 pips

03/26/06 20:00 3 lots buy GBPUSD at 1.7427
03/26/06 22:34 one lot limt out at tunnel 1.7467 profit = +40 pips
03/28/06 07:33 2 lots trail stop at 1.7502 profit = +150 pips

03/28/06 15:00 3 lots short at GBPUSD 1.7434
03/29/06 09:10 one lot limit out 144 fib 1.7330 profit = + 104 pips
03/30/06 09:30 2 lots trail stop at 1.7423 profit = + 22 pips

03/30/06 10:00 3 lots buy GBPUSD at 1.7449
03/31/06 07:24 3 lots stopped at B E profit = 0 pips

04/02/06 17:56 3 lots short at 1.7367 GBPUSD
04/03/06 05:00 1 lot limit out at 1.7287 profit = +80 pips
04/03/06 10:47 2 lots trail stop at 1.7343 profit = +48 pips


Total = 957 pips

These are actual trades with 4 hour tunnel method, not to bad.

SMJ
  • #4
  • Apr 3, 2006 9:47pm Apr 3, 2006 9:47pm
Quoting Rusty_forexman
Hi

I done a lot of research on the vegas method.

I was wondering if in fact it has been successful with others, other than Vegas himself?

Also, what are the necessary things to look out for when using such a method?

Cheers

Rusty
I use a stop loss just out side of a Tom Demark Trend Line and Trail That Stop Just out side the TDTL. I am not very discretionary, I am more mechanical in my approach.

I also use the Daily ROC and the Weekly ROC to determine trend.
if above zero uptrend, below zero down trend

SMJ
  • #5
  • Apr 3, 2006 10:12pm Apr 3, 2006 10:12pm
Quoting smjones
I use a stop loss just out side of a Tom Demark Trend Line and Trail That Stop Just out side the TDTL. I am not very discretionary, I am more mechanical in my approach.

I also use the Daily ROC and the Weekly ROC to determine trend.
if above zero uptrend, below zero down trend

SMJ
Hi SMJ

What settings do you use for the ROC and how do you work out the Tom Demark Trend Line.

Jon
  • #6
  • Apr 3, 2006 10:35pm Apr 3, 2006 10:35pm
Quoting trader1969
Hi SMJ

What settings do you use for the ROC and how do you work out the Tom Demark Trend Line.

Jon

The Settings on ROC is 10

A TDTL is drawn back from the most recent swing high or low point to the second most recent swing high or low point and then extended to the right in to the future.

see attach chart.

Thanks SMJ
  • #7
  • Apr 3, 2006 10:37pm Apr 3, 2006 10:37pm
Quoting smjones
The Settings on ROC is 10

A TDTL is drawn back from the most recent swing high or low point to the second most recent swing high or low point and then extended to the right in to the future.

see attach chart.

Thanks SMJ
CHART
will not up load completely, oh well.

SMJ
  • #8
  • Apr 3, 2006 10:55pm Apr 3, 2006 10:55pm
Quoting smjones
Last week's total pips made from 4 hour tunnel VWB

03/21/06 19:00 place 3 lot short GBPUSD 1.7547
03/22/06 20:00 one lot limit out at tunnel 1.7452 profit = +95 pips
03/24/06 04:00 one lot limit out at 144 fib 1.7318 profit = + 229 pips
03/24/06 09:30 one lot hit trail stop at 1.7358 profit = +189 pips

03/26/06 20:00 3 lots buy GBPUSD at 1.7427
03/26/06 22:34 one lot limt out at tunnel 1.7467 profit = +40 pips
03/28/06 07:33 2 lots trail stop at 1.7502 profit = +150 pips

03/28/06 15:00 3 lots short at GBPUSD 1.7434
03/29/06 09:10 one lot limit out 144 fib 1.7330 profit = + 104 pips
03/30/06 09:30 2 lots trail stop at 1.7423 profit = + 22 pips

03/30/06 10:00 3 lots buy GBPUSD at 1.7449
03/31/06 07:24 3 lots stopped at B E profit = 0 pips

04/02/06 17:56 3 lots short at 1.7367 GBPUSD
04/03/06 05:00 1 lot limit out at 1.7287 profit = +80 pips
04/03/06 10:47 2 lots trail stop at 1.7343 profit = +48 pips


Total = 957 pips

These are actual trades with 4 hour tunnel method, not to bad.

SMJ
These trades look very good. You say you are using the Vegas 4Hr method, does that mean using the 4hr moving averages for entry signals. Your trades seem to change from long to short alot, is this the ROC on the daily that changes the trend direction, if so what do you use the weekly ROC direction for and do you use Vegas method for weekly direction. Sorry about all the questions it just seems you have some good signals there and I'm always looking for ways to refine what I am doing.

Jon

PS If you could manage to get the chart uploaded I would apreciate it.
  • #9
  • Apr 3, 2006 11:13pm Apr 3, 2006 11:13pm
Thanks for your reply SMJones.


I am also interested in your signals, are they similar to what vegas uses.
  • #10
  • Apr 3, 2006 11:34pm Apr 3, 2006 11:34pm
Quoting trader1969
These trades look very good. You say you are using the Vegas 4Hr method, does that mean using the 4hr moving averages for entry signals. Your trades seem to change from long to short alot, is this the ROC on the daily that changes the trend direction, if so what do you use the weekly ROC direction for and do you use Vegas method for weekly direction. Sorry about all the questions it just seems you have some good signals there and I'm always looking for ways to refine what I am doing.

Jon

PS If you could manage to get the chart uploaded I would apreciate it.
In the VWB Document I think I read that if the market is range bound, Vegas placed trades in both directions.

I use ROC Daily when it is range bound and I use ROC weekly when the market is trending.

My trigger to place a trade is an 8MA changing direction.
My exits are as previously described.

The tunnel is a 55 EMA of median (h+l)/2

It still says Errors Partial upload.

I would be happy to email you a chart is you wish. just PM me with your email address.

SMJ
  • #11
  • Apr 3, 2006 11:55pm Apr 3, 2006 11:55pm
Quoting trader1969
These trades look very good. You say you are using the Vegas 4Hr method, does that mean using the 4hr moving averages for entry signals. Your trades seem to change from long to short alot, is this the ROC on the daily that changes the trend direction, if so what do you use the weekly ROC direction for and do you use Vegas method for weekly direction. Sorry about all the questions it just seems you have some good signals there and I'm always looking for ways to refine what I am doing.

Jon

PS If you could manage to get the chart uploaded I would apreciate it.
Jon, I found your email address is your profile and emailed you the chart.

Thanks SMJ
  • #12
  • Apr 4, 2006 12:03am Apr 4, 2006 12:03am
Quoting smjones
Jon, I found your email address is your profile and emailed you the chart.

Thanks SMJ
Thanks SMJ. I will have alook at it later when I get home. Unfortunately I'm stuck at work on a wonderful nightshift at the moment.

Thanks again and keep up the good trading.

Jon
  • #13
  • Edited 2:06am Apr 4, 2006 12:18am | Edited 2:06am
Quoting smjones
In the VWB Document I think I read that if the market is range bound, Vegas placed trades in both directions.

I use ROC Daily when it is range bound and I use ROC weekly when the market is trending.

My trigger to place a trade is an 8MA changing direction.
My exits are as previously described.

The tunnel is a 55 EMA of median (h+l)/2

It still says Errors Partial upload.

I would be happy to email you a chart is you wish. just PM me with your email address.

SMJ
Sir,

Do you have the ROC indicator for MetaTrader4 (mql)?

And would you be so kind as to email me the chart at <email deleted>

This is my junk email account so I don't care who see's it.

Thank you

cici
  • #14
  • Edited 2:06am Apr 4, 2006 12:25am | Edited 2:06am
Quoting cici
Sir,

Do you have the ROC indicator for MetaTrader4 (mql)?

And would you be so kind as to email me the chart at <email deleted>

This is my junk email account so I don't care who see's it.

Thank you

cici
Cici, is'nt Your avitar the symbol for Massarati?

Now the ones from the mid 80s were my favorite cars.

SMJ
  • #15
  • Apr 4, 2006 12:29am Apr 4, 2006 12:29am
Quoting smjones
Cici, is'nt Your avitar the symbol for Massarati?

Now the ones from the mid 80s were my favorite cars.

SMJ
Yes, it is. On ebay recently, actor David Carradine had his up for sale (Quatroporte) from the 80's. He listed it twice, and didn't get a single bid! I would have loved to have had it just because he owned it. I loved the old Kung Fu TV show he was in!

cici
  • #16
  • Apr 4, 2006 1:07am Apr 4, 2006 1:07am
Quoting cici
Yes, it is. On ebay recently, actor David Carradine had his up for sale (Quatroporte) from the 80's. He listed it twice, and didn't get a single bid! I would have loved to have had it just because he owned it. I loved the old Kung Fu TV show he was in!

cici
lets see how well you guys know your old rock guitarists.

" my massarati does one-eighty-five"

who is it?
  • #17
  • Apr 4, 2006 1:08am Apr 4, 2006 1:08am
Quoting smjones
The Settings on ROC is 10

A TDTL is drawn back from the most recent swing high or low point to the second most recent swing high or low point and then extended to the right in to the future.

see attach chart.

Thanks SMJ
Ah yes, from DeMark's "The New Science of Technical Analysis", a good read. I still have a challenge going from the right side of my chart backward with all the "other" training i've recieved! But i'm working on it.

In your use of the TDTLs verses standard drawn TLs, do you fine DeMark's a better fit?

THX,
Thom
  • #18
  • Apr 4, 2006 2:02am Apr 4, 2006 2:02am
Quoting james16
lets see how well you guys know your old rock guitarists.

" my massarati does one-eighty-five"

who is it?
I lost my license now I don't drive.

Joe Walsh's, "Life's Been Good "

So using the rate of change. Don't remember reading that in the four-hour strategy , all have to take a look.

Although I have experimented with the TD trend line it does work well.On the one-hour as well
A truly wise man, always has more questions than answers.
  • #19
  • Apr 4, 2006 2:07am Apr 4, 2006 2:07am
Quoting Claude
I lost my license now I don't drive.

Joe Walsh's, "Life's Been Good "

So using the rate of change. Don't remember reading that in the four-hour strategy , all have to take a look.

Although I have experimented with the TD trend line it does work well.On the one-hour as well
smokin joe, joe is one of the few people i think partied more than i did in the seventies. glad we are both still here. it was touch and go for a while.
  • #20
  • Apr 4, 2006 2:15am Apr 4, 2006 2:15am
  •  MikeG
  • | Joined Aug 2005 | Status: Empowered to Profit by James16.com | 59 Posts
A member of the Private Forum just posted a gain of 2207 pips since March 23rd using a variation of the Vegas 4 hour system that is being taught in the PF. This is just one of several PF subscribers making hundreds of pips each month from being in the PF!

I'm still learning from Jim and Dial and Fiji. I don't post much anymore, but I readreadreadread everything those guys say! Being in the PF is the best thing that ever happened to my trading.

Here's a late update to the James16 Group website (www.james16group.com)

"I ended the month up 2200 pips trading Knife and Vegas. (Come on AUD/USD)
After loosing my ass in my first year of trading, I am so excited Vegas, Dial, James, and Fiji have shared their knowledge with us I can’t contain my self. I can’t wait for these methods to be so engrained in my brain that I can see the trades setting up in my sleep."


Michelle UU

P.S. I don't know what Dial looks like, but after hearing him on the phone, I'll bet he is soooo cute! Even if he's ugly, he'll always be my hero!
I am an extremely satisfied customer of the James16 Group!!!
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