GOD IS NOT SHORT OF CASH
- Joined May 2005 | Status: Member | 1,494 Posts
In trading, there is no bullshit. You either make money or you don't.
Vegas Wealth Builder 1 reply
Vegas Wealth Builder 1 reply
Metatrader + Vegas Wealth strategy 2 replies
Vegas Weath Builder question 1 reply
Question for VEGAS and others using Vegas system..... 2 replies
Quoting dangermanDislikedan observation and question. GBP/USD has surpassed the 3rd fib level and is headed for the 4th. Definitely time to sit up and take notice. At this point there is no trade because there is no price action on the daily to tell us the market is exhausting itself. etc..Ignored
Quoting dangermanDislikedan observation and question. GBP/USD has surpassed the 3rd fib level and is headed for the 4th. Definitely time to sit up and take notice. At this point there is no trade because there is no price action on the daily to tell us the market is exhausting itself.
Now the question. Do we have to wait for daily price action to show us this, or can we already be moving down to say a 4 hr. chart to look for signs the market might be exhausted?
Obviously, a pin bar on the daily tommorrow would be a trade signal to be considered, which leads to another question. Say tommorrow the market heads north again, but during the day comes back down, and forms a pin. If I'm watching during the day and I see the market shoot up, then come back down past 50% of its high for that day, is this the 50% retracement rule vegas is talking about.
If it is, then I think I've got the concept of what his 50% retracement rule is, and at that point might start entering partial positions before the pin has completely formed, therby giving me a head start into the trade.
If anyone thinks I am close here, please let me know.
As always, thanks in advance.
JimmyIgnored
Quoting eastmaelsDislikedDude, just my two cents,
Don't anticipate where the market is going or what the market will do (although I sometimes do it too but right now I'm not doing it so I think I'm on the right frame of mind.. hehe)...
Know your signal, wait for it and let the market do its thing...
Well, if you're not anticipating the market, then my humble apologies.
Regards,
EastIgnored
Quoting eastmaelsDislikedDude, just my two cents,
Don't anticipate where the market is going or what the market will do (although I sometimes do it too but right now I'm not doing it so I think I'm on the right frame of mind.. hehe)...
Know your signal, wait for it and let the market do its thing...
Well, if you're not anticipating the market, then my humble apologies.
Regards,
EastIgnored
Quoting lachie74DislikedThese are my thoughts exactly, waiting for a clear Reversal candle to be fully formed or a 50% retracement from a high today once the range has bee around 60 pips... Just have to be patient as hard as that is..Ignored
Quoting dangermanDislikedlachie,
Thanks for your response.
I am really wondering if I'm fully understanding Vegas' 50% retracement rule, and from what you said I think I am. Yesterday's price action has no relation to the 50%. The 50% retracement would based on today's price action once the market has had at least a 60 pip range.
Or that scenario might not happen at all today, and we need to wait until tomorrow, or the next day, or the next, etc.
JimmyIgnored
Quoting varunk666DislikedDoes anyone have a clue why my chart looks like this. It looks like there are no buy and sell points. Im using vwb model on Vtrader. Im using 1hr chart as described in vwb. Infact all my 1hr charts look like that but when I move to higher time frame is when I can take a look at them and guess whether I need to buy or sell
ALSO I tried to use vegas model on MT4 and its been over an hour and the attachement file (vegas currency Daily) is still compiling.Ignored
Quoting varunk666DislikedDoes anyone have a clue why my chart looks like this. It looks like there are no buy and sell points. Im using vwb model on Vtrader. Im using 1hr chart as described in vwb. Infact all my 1hr charts look like that but when I move to higher time frame is when I can take a look at them and guess whether I need to buy or sell
ALSO I tried to use vegas model on MT4 and its been over an hour and the attachement file (vegas currency Daily) is still compiling.Ignored
Quoting twinchellDislikedCan someone help me out here. I have been going over this Daily VWB and it seems good until I hit a few long/strong trends. Check out the attached pic. I see so many trend reversals. Am I doing something wrong here? Everything in this chart tells me to short, but obviously I would have lost.
BTW I'm very new to FOREX.Ignored
Quoting cezz_roDislikedHello,
Is it possible to adapt the Vegas 4 Hour Tunnel strategy for Oanda ? Because Oanda doesn't have 4 hour time frame, but only 3 hour time frame. Did any of you try this ? Any results ?
Thanks !Ignored
Quoting bonmeisterDislikedDuring a strong trend when the price is riding the outermost fib lines, what might appear to be a reversal can sometimes be a headfake and leave you watching the price continue in its original direction.Ignored
Quoting WTBDislikedDuring strong trends, I'd be very cautious to trade the VWB model. In my opinion, it works best in ranging or mildly trending markets, but in heavily trending markets it's risky because pullbacks off extreme fib lines seldom reach the tunnel before contueing stubbornly onto new highs.Ignored