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VWVB Daily Chart Analysis

  • #481
  • Apr 6, 2006 8:20pm Apr 6, 2006 8:20pm
Quoting Anpar
Anyone still in this trade, I've been long since 30/03/06?
I still have one unit open also. I haven't received a signal to close it so I haven't done anything yet. Right now it is around +266 pips.

I noticed on the C2 history for PAP it shows all 3 units as closed. There are often mistakes on C2 so I don't trust it enough to base a trade on the trade history.
  • #482
  • Apr 6, 2006 8:29pm Apr 6, 2006 8:29pm
Snuffy, I also receive the PAP sigs. do you think the inaccuracies in the history could account for the poor performance numbers that are posted for PaP?
The reason I ask, is I have consistently done much better than the posted performance...

SMJ


Quoting Snuffleupagus
I still have one unit open also. I haven't received a signal to close it so I haven't done anything yet. Right now it is around +266 pips.

I noticed on the C2 history for PAP it shows all 3 units as closed. There are often mistakes on C2 so I don't trust it enough to base a trade on the trade history.
  • #483
  • Apr 6, 2006 8:50pm Apr 6, 2006 8:50pm
Quoting smjones
Snuffy, I also receive the PAP sigs. do you think the inaccuracies in the history could account for the poor performance numbers that are posted for PaP?
The reason I ask, is I have consistently done much better than the posted performance...

SMJ
I don't totally trust C2 numbers. It is often inaccurate. I used a signal service there sometime last year and sometimes C2 has issues.

Something to note is the trade size. On many of the trades the lots traded are 3. However, there are some big trades sizes as well -> 6 15 20 25 30.
Not what I would call consistent management. I am not sure how Vegas is deciding the size. Maybe he isn't concerned with how it looks on C2.

If the trades are supposed to be in 3 parts then I am not sure how 20 and 25 fit into this.
  • #484
  • Apr 6, 2006 8:55pm Apr 6, 2006 8:55pm
You know I wondered about this to, but then I have just traded in divisables of three and ignored his large sizing. I just figured He must be a much wealthier person than I.

So if I am understanding you, The C2 numbers could be skewed, because of strange accounting.

Thanks for you info, SMJ


Quoting Snuffleupagus
I don't totally trust C2 numbers. It is often inaccurate. I used a signal service there sometime last year and sometimes C2 has issues.

Something to note is the trade size. On many of the trades the lots traded are 3. However, there are some big trades sizes as well -> 6 15 20 25 30.
Not what I would call consistent management. I am not sure how Vegas is deciding the size. Maybe he isn't concerned with how it looks on C2.

If the trades are supposed to be in 3 parts then I am not sure how 20 and 25 fit into this.
  • #485
  • Apr 7, 2006 8:49am Apr 7, 2006 8:49am
Quoting Snuffleupagus
I still have one unit open also. I haven't received a signal to close it so I haven't done anything yet. Right now it is around +266 pips.

I noticed on the C2 history for PAP it shows all 3 units as closed. There are often mistakes on C2 so I don't trust it enough to base a trade on the trade history.
I wrote vegas about this AUD position and he answer this:

Guillermo, Raise your stop to somewhere just below the tunnel. Keep trailing as tunel goes higher until you get stopped out. I am already out of position. Nice trade. -vegas

I dont know why He is out of that position, maybe He did not take it.

Mx
  • #486
  • Apr 7, 2006 9:27am Apr 7, 2006 9:27am
Quoting smjones
You know I wondered about this to, but then I have just traded in divisables of three and ignored his large sizing. I just figured He must be a much wealthier person than I.

So if I am understanding you, The C2 numbers could be skewed, because of strange accounting.

Thanks for you info, SMJ
Hi, what's the C2 stands for anyway ? im new on this forum and been following about VWB discussion. any guide is highly appreciated

thanks
  • #487
  • Apr 7, 2006 9:29am Apr 7, 2006 9:29am
Quoting b0n4r
Hi, what's the C2 stands for anyway ? im new on this forum and been following about VWB discussion. any guide is highly appreciated

thanks
C2= www.Collective2.com

Mx
  • #488
  • Edited 11:03am Apr 7, 2006 9:52am | Edited 11:03am
Running 4 VWB trades as of now and looking good so far..
Attached Image
  • #489
  • Apr 7, 2006 9:58am Apr 7, 2006 9:58am
Thanks again for the great analysis. Your stuff is always so clear and so well thought out. You ought to have your own category.. SMJ

Quoting vishalshan
Running 4 VWB trades as of now and looking good so far..
  • #490
  • Apr 7, 2006 10:34am Apr 7, 2006 10:34am
Quoting smjones
Thanks again for the great analysis. Your stuff is always so clear and so well thought out. You ought to have your own category.. SMJ
SMJ, you are welcome. I'm trying my best to post everyday here in between my work schedules. some days I could not.

Shan
  • #491
  • Apr 7, 2006 10:50am Apr 7, 2006 10:50am
Quoting vishalshan
Running 4 VWB trades as of now and looking good so far..
Nice analysis. Just two questions:
1.For the USD/CAD pair, Vegas uses to model 2. But I see you are using model 1, is there any particular reason for doing that?

2. There seems to be a typo error in your EUR/USD pair, "short at 1.7533"?

Anyway, very nice and systematic work. I am also implementing the Vegas method and it seems to be working well if you have good money management and strict discipline.
  • #492
  • Apr 7, 2006 11:09am Apr 7, 2006 11:09am
Quoting rongshihong
Nice analysis. Just two questions:
1.For the USD/CAD pair, Vegas uses to model 2. But I see you are using model 1, is there any particular reason for doing that?

2. There seems to be a typo error in your EUR/USD pair, "short at 1.7533"?

Anyway, very nice and systematic work. I am also implementing the Vegas method and it seems to be working well if you have good money management and strict discipline.
1. Check post # 174 on page 12..We are using model 1 as per the current market conditions.

2. Yes. Thanks for pointing..I have corrected it now.

Shan
  • #493
  • Apr 7, 2006 11:25am Apr 7, 2006 11:25am
I have been following these methods since they first appeared here (lurker vs. poster). Anyway, I see in your analysis that you are using knife entry. I understand the knife strategy to be for the VWB 4hr models (although I really have not had a chance to study it as I have been focusing on this daily method). Have you adapted it somehow for the VWB daily models? Thanks
  • #494
  • Edited 12:29pm Apr 7, 2006 12:16pm | Edited 12:29pm
Vishalshan,

Please let me know if I got it right: basically, what you do is to wait price to hit an extreme fib level as per the VWB model. Then, if we are for example at the upper extreme fib level, you would enter short upon signal off the Knife system. Then, the targets would be as postulated by VWB (half out at tunnel, and let the other half run until it shows reversal).

Correct?
  • #495
  • Edited 2:29pm Apr 7, 2006 2:22pm | Edited 2:29pm
Quoting WTB
Vishalshan,

Please let me know if I got it right: basically, what you do is to wait price to hit an extreme fib level as per the VWB model. Then, if we are for example at the upper extreme fib level, you would enter short upon signal off the Knife system. Then, the targets would be as postulated by VWB (half out at tunnel, and let the other half run until it shows reversal).

Correct?
WTB,

Here is what I do..

For entries:
1. First wait for the price to breach the extreme fib.
2. Look for reversal signal. All reversal signals would not satisfy vegas 3 concepts. Here is the order of preference I go with.
a. Look for vegas 3 concepts.
b. Look for Knife entry signal.
c. Look for distinct price action like nice PIN bars, Huge BEOP/BUOBs etc, in daily charts.
d. Look for very strong weekly trendline resistance/supports.

For exits:
1. If entered with knife entry, I would prefer to take knife exits. Even though this trade is entered and exited based on knife rules, primary reason for getting in this trade is VWB reversal signal at extreme fib.

2. If entered other than knife, I would follow VWB exits like half at tunnel and other half at other extreme.

Hope this helps.
Shan
  • #496
  • Apr 7, 2006 2:29pm Apr 7, 2006 2:29pm
vishalshan http://www.forexfactory.com/forexfor...ser_online.gif vbmenu_register("postmenu_50342", true);

Can you tell me when you initiated each of those trades (in your chart above) in GMT Day and time...

The reason is it would help me to be able to see the chart as you did at the time you made your
decision to enter.

Thanks
BAKROB
  • #497
  • Apr 7, 2006 2:31pm Apr 7, 2006 2:31pm
Shan

one more thing...

Is this entry system the proprietary method taght in the James16Group courses?

BAKROB
  • #498
  • Apr 7, 2006 2:43pm Apr 7, 2006 2:43pm
Quoting vishalshan
For entries:
1. First wait for the price to breach the extreme fib.
2. Look for reversal signal. All reversal signals would not satisfy vegas 3 concepts. Here is the order of preference I go with.
a. Look for vegas 3 concepts.
b. Look for Knife entry signal.
c. Look for distinct price action like nice PIN bars, Huge BEOP/BUOBs etc, in daily charts.
d. Look for very strong weekly trendline resistance/supports.
Hello Shan and thank you for the detailed answer.

One further question just to make sure I have understood everything. Those a-to-d elements listed above, are they exclusive or mutually required? I mean, let's say you get a short knife signal (point b), but Vegas 3 concepts (point a) havent quite presented themselves as they should -lack of momentum or whatever-. Do you still take that short knife signal, or if point a) aint there you just drop any possibility of entering at all? What about if you dont get either point a) or point b) but you do get a sweet pin bar on the daily chart off the extreme fib line?

Sorry for so many questions. I just wanna make sure Im in the same page when reading your VWB tables.
  • #499
  • Apr 7, 2006 2:54pm Apr 7, 2006 2:54pm
Is anyone out there haveing a connection problem with stratagy builder cant seem to open charts . It keeps giving me a no connection feed at the bottom of the screen ..
  • #500
  • Apr 7, 2006 3:00pm Apr 7, 2006 3:00pm
Quoting vinn234
Is anyone out there haveing a connection problem with stratagy builder cant seem to open charts . It keeps giving me a no connection feed at the bottom of the screen ..
My connection to SBFX is good. IS updating as of 21:00
or my local time 3:00 Central
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