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VWVB Daily Chart Analysis

  • #541
  • Apr 14, 2006 8:36am Apr 14, 2006 8:36am
Quoting vinn234
Wats Up wit usd/cad I am Long @ 1.1496 , my weekly and dailies are still down
was wondering wat momentum is like. Is anyone else having problems with strategy builder
I basically look at the 4H chart as well as the daily chart. I seldom look at weekly chart just because it doesn't fit my time frame.

I consider that currently the USD/CAD is having a retracement to test the support around 1.1490-1.1500(which was a resistance before). At this point target is not met yet and Vegas system doesn't seem to have any exit signal at this point. So what I would do is to keep the position and see what happens next week.
  • #542
  • Apr 14, 2006 8:55am Apr 14, 2006 8:55am
Quoting rongshihong
I basically look at the 4H chart as well as the daily chart. I seldom look at weekly chart just because it doesn't fit my time frame.

I consider that currently the USD/CAD is having a retracement to test the support around 1.1490-1.1500(which was a resistance before). At this point target is not met yet and Vegas system doesn't seem to have any exit signal at this point. So what I would do is to keep the position and see what happens next week.

Thanks for the heads up !!!
  • #543
  • Apr 15, 2006 2:43am Apr 15, 2006 2:43am
Hi Scott, I'll try to answer you questions.

Vegas did state his preferences in response to a post from Bemac. TBH as the threads have growth exponentially I can't face trawling them all to find the exact reference so as I printed it off for my Knife op's file I will just type it in and ask you to believe me !!

I printed it off 31st Jan/06

Bemac ,This is just my humble opinion and it'd only for the VWB

1) S&P
2) GBP/USD
3)AUD/USD
4)EUR/JPY
5) EUR/GBP
Tie for 6
6)USD/CAD
6)USD/CHF
8)USD/JPY
8)EUR/USD
vegas

So as he added EUR/CHF during the PAP signals, I ignore the S&P as I trade this with a different system which I am very happy with, these are the pairs I elected to use. Hence my reference to "Vegas preferences"

re exits for other pairs. Well currently I have the appropriate models for the above pairs charted ( as per VWB doc) but I have modified GBP/USD down to Model2 with USD/CHF + USD/CAD now both Model1 to reflect changes in volatility -- Dial does similar. This gives me my ' fib interest levels' once a "black dot" situation arises I transfer to the 4H Knife and look for entries. Exits are as per the Knife Description thread the first two fib levels the other side of the 24/28 EMa band and/or 8SMA slope change but given Dial ordinarily exits on a 50 pip trailing s/l I am also looking at that. But CMS VT does not have an auto trailing stop except when you are actively logged on.

HTH --------------- Happy Easter ---------- Keven (Bramhall 17)
  • #544
  • Apr 16, 2006 9:30am Apr 16, 2006 9:30am
What I was wondering, I think I saw somewhere the indicator that would put fibo lines around vegas 55 SMA on 4 hour charts but I cannot find it now. Can anybody share the one with me or send me the link to it?

Thanks
  • #545
  • Apr 16, 2006 9:43am Apr 16, 2006 9:43am
Bramhall17,

That is what I was looking for I had forgotten about the postings... I do believe you... I would not want to go through all that posting either.

Thanks, that helps a lot... Scott

Quoting Bramhall17
Hi Scott, I'll try to answer you questions.

Vegas did state his preferences in response to a post from Bemac. TBH as the threads have growth exponentially I can't face trawling them all to find the exact reference so as I printed it off for my Knife op's file I will just type it in and ask you to believe me !!

I printed it off 31st Jan/06

Bemac ,This is just my humble opinion and it'd only for the VWB

1) S&P
2) GBP/USD
3)AUD/USD
4)EUR/JPY
5) EUR/GBP
Tie for 6
6)USD/CAD
6)USD/CHF
8)USD/JPY
8)EUR/USD
vegas

So as he added EUR/CHF during the PAP signals, I ignore the S&P as I trade this with a different system which I am very happy with, these are the pairs I elected to use. Hence my reference to "Vegas preferences"

re exits for other pairs. Well currently I have the appropriate models for the above pairs charted ( as per VWB doc) but I have modified GBP/USD down to Model2 with USD/CHF + USD/CAD now both Model1 to reflect changes in volatility -- Dial does similar. This gives me my ' fib interest levels' once a "black dot" situation arises I transfer to the 4H Knife and look for entries. Exits are as per the Knife Description thread the first two fib levels the other side of the 24/28 EMa band and/or 8SMA slope change but given Dial ordinarily exits on a 50 pip trailing s/l I am also looking at that. But CMS VT does not have an auto trailing stop except when you are actively logged on.

HTH --------------- Happy Easter ---------- Keven (Bramhall 17)
  • #546
  • Apr 16, 2006 7:20pm Apr 16, 2006 7:20pm
Glad you liked my indicators, for the 1 hr and Daily.
I could not attach these on your PM "Private message"
These indicators are the same but I added EurChf and I also updated cleaned up the code to make it more easy to maintain. Still not as clean as I wanted it to be. Eventually I want to be table driven so I can just add the pairs to a file and tell it which fib is the red line fib of interest and the extreme fib.

Someday I may do the 4 hour indicator, never have gotten the time to get around to it lately. Work a full time job.
Quoting sashazz
What I was wondering, I think I saw somewhere the indicator that would put fibo lines around vegas 55 SMA on 4 hour charts but I cannot find it now. Can anybody share the one with me or send me the link to it?

Thanks
Attached File(s)
File Type: zip LambrechtJIndicators.zip   4 KB | 315 downloads
  • #547
  • Apr 16, 2006 7:51pm Apr 16, 2006 7:51pm
thanks lambrechtj. as i said i downloaded your indicator for daily and using it already. it is cool.

what i am looking for is to put fibo lines around 55 sma on 4 hour so that i could clearly see the take profit areas. i somehow managed to put envelopes there, but they are not exectly at fibo numbers. everybody is crazy about fibonacci, so i am just scared not to follow it. i don't think he would ever forgive me that... i even started to use it in my personal life, just in case.

how you guys with mt4 are figuring exact fibo numbers for your take profit areas? don't you think it would be easier to put together an indicator like the one lambrechtj created for daily? i tried to go inside the code and change movint averages into 55 but it did not work. it is beyond me...

lambrechtj, why you were unable to sent me the indicator? am i supposed to turn something on in my profile in order to receive attachments? i am new to all this.

thanks again. you guys are doing amazing job here.
  • #548
  • Apr 16, 2006 8:14pm Apr 16, 2006 8:14pm
Just replace the ones you have with the new ones I sent you on this forum.

I dont think you can post attachments with the PM it is for messages only, that is what I think, Merlin the forum owner would know for sure.

Someday I will look at doing the 4 hour with all the fib lines and color code the ones of interest.



Quoting sashazz
thanks lambrechtj. as i said i downloaded your indicator for daily and using it already. it is cool.

what i am looking for is to put fibo lines around 55 sma on 4 hour so that i could clearly see the take profit areas. i somehow managed to put envelopes there, but they are not exectly at fibo numbers. everybody is crazy about fibonacci, so i am just scared not to follow it. i don't think he would ever forgive me that... i even started to use it in my personal life, just in case.

how you guys with mt4 are figuring exact fibo numbers for your take profit areas? don't you think it would be easier to put together an indicator like the one lambrechtj created for daily? i tried to go inside the code and change movint averages into 55 but it did not work. it is beyond me...

lambrechtj, why you were unable to sent me the indicator? am i supposed to turn something on in my profile in order to receive attachments? i am new to all this.

thanks again. you guys are doing amazing job here.
  • #549
  • Apr 17, 2006 2:59am Apr 17, 2006 2:59am
So, I got stopped out this morning in the Asian session on my USDCAD at 1.149...I am not too fussed, I think I should have exited the trade when I saw the 4H slope change over the weekend, but I thought it might turn around in the Asian session...Overall, I was up on the trade for 19 pips, not an amazing win, but a win nonetheless...

So far, I have made 3 live VWB-based trades...the first two were stopped out for a loss, and the USDCAD was stopped out for a win...I am feeling a bit more confident now, and I cant wait for the next one!!

What do you guys think about today? Any pairs looking good for the open of the US session??
  • #550
  • Apr 17, 2006 6:56am Apr 17, 2006 6:56am
Wow. what a huge spike today morning !!
Attached Image
  • #551
  • Apr 17, 2006 10:12am Apr 17, 2006 10:12am
Can you take a look again at the Daily GbpUsd, AudUsd, UsdChf, EurUsd.
They look to me like they are all at or getting near the daily fib lines of interest and we should be waiting for a reversal.

I closed my Cad trade for a very small loss, next time I will move to BE at 40 pips.

Just waiting now for the next trade.



Quoting vishalshan
Wow. what a huge spike today morning !!
  • #552
  • Apr 17, 2006 1:13pm Apr 17, 2006 1:13pm
Quoting lambrechtj
Can you take a look again at the Daily GbpUsd, AudUsd, UsdChf, EurUsd.
They look to me like they are all at or getting near the daily fib lines of interest and we should be waiting for a reversal.

I closed my Cad trade for a very small loss, next time I will move to BE at 40 pips.

Just waiting now for the next trade.
lambrechtj,

I can see that GbpUsd and UsdChf qualify for reversal waiting. Other two are yet to breach the interest fib.

Shan
  • #553
  • Apr 17, 2006 5:02pm Apr 17, 2006 5:02pm
Quoting vishalshan
lambrechtj,

I can see that GbpUsd and UsdChf qualify for reversal waiting. Other two are yet to breach the interest fib.

Shan
I agree, I also flagged the GBP/USD and USD/CHF. I also am watching the EUR/CHF as well.



Lot of movement in today’s market. I currently do not have any open positions and looking for the next opportunity.
  • #554
  • Apr 17, 2006 7:30pm Apr 17, 2006 7:30pm
Ok sounds good, two on Red alert and two on Amber alert.

You know they have those alerts on tv these day for the crazy world we live in.

Enjoy the wait.


Quoting vishalshan
lambrechtj,

I can see that GbpUsd and UsdChf qualify for reversal waiting. Other two are yet to breach the interest fib.

Shan
  • #555
  • Apr 18, 2006 7:16am Apr 18, 2006 7:16am
GBPUSD and USDCHF have breached the interest fib and are near 365 ema. Hope the VWB entries on these two reversals would yeild nice bunch of pips.
Attached Image
  • #556
  • Apr 18, 2006 6:43pm Apr 18, 2006 6:43pm
Here are a few pairs that I am watching that have either breached the appropriate Fib level or are coming close to it:

GBP/USD
USD/CHF
EUR/USD
CHF/JPY
AUD/USD

Mike
  • #557
  • Apr 18, 2006 6:54pm Apr 18, 2006 6:54pm
Bought USDCHF 1.2679
Shorted GBPUSD 1.783
Bought EURCHF 1.5648 in the morning

Momentum divergences on 1 hr charts and 15 min charts keyed me in to enter here ... lets hope not too early!
  • #558
  • Edited 7:30pm Apr 18, 2006 7:05pm | Edited 7:30pm
Hey guys. I'm new here and also new to the VWB although I've had good success in my demo acct with the 1-hr tunnel. Been watching these same pairs myself. I'm hoping they run a little more before reversing, then they should be ripe for some nice trading. I look forward to hearing other comments about these upcoming trades. Waiting to see if the newest candles forming will break to the inside of the freshly breached fib lines on some of those pairs.

Question... Vegas mentioned in one of his tunnel documents about not entering a trade during the Asian session because of the chop. Does that also apply to the VWB daily? I assume not, but I thought I'd ask anyway. Also trying to better understand his 50% retracement before entering strategy.


Quoting ForexMike
Here are a few pairs that I am watching that have either breached the appropriate Fib level or are coming close to it:

GBP/USD
USD/CHF
EUR/USD
CHF/JPY
AUD/USD

Mike
  • #559
  • Apr 18, 2006 7:18pm Apr 18, 2006 7:18pm
Now hold on, let me finish my nice little V4 long trade first... It is just about ready to close the 3rd lot out on a trailing stop. Nice prifitable trade...

Haha SMJ

Quoting ezcurrency
Bought USDCHF 1.2679
Shorted GBPUSD 1.783
Bought EURCHF 1.5648 in the morning

Momentum divergences on 1 hr charts and 15 min charts keyed me in to enter here ... lets hope not too early!
  • #560
  • Apr 19, 2006 12:51am Apr 19, 2006 12:51am
Quoting ezcurrency
Bought USDCHF 1.2679
Shorted GBPUSD 1.783
Bought EURCHF 1.5648 in the morning

Momentum divergences on 1 hr charts and 15 min charts keyed me in to enter here ... lets hope not too early!
Personally, I am waiting to see a confirmation of reversal...you got some good numbers there so far, I hope I dont regret waiting!

What are the rest of you guys doing?
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