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VWVB Daily Chart Analysis

  • #601
  • Apr 20, 2006 8:04am Apr 20, 2006 8:04am
Sorry, I just could not resist... I am sure karma will make me pay for that...

LOL SMJ


Quoting mwhalber
Sorry, sell-stop was what I meant!

That is basically what I am doing as well...
  • #602
  • Apr 20, 2006 8:15am Apr 20, 2006 8:15am
Short GBP USD now.
May take a couple off the table at Fib 233 and let the others run for a while to see if this is THE move.

Accrete. Notice I added your 34 EMA. Did you get a similar short on yours on the fall from ~1.7870 ?
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  • #603
  • Apr 20, 2006 8:18am Apr 20, 2006 8:18am
OK, I'm long on USD/CHF & short on EUR/USD. As per Vegas' instructions we take 50% profit at or near tunnel & the other 50% rides until it crosses thru tunnel to an opposite signal.

Is this how everyone here is taking profits or what? I'm interested in hearing your personal strategies on this.

G
  • #604
  • Edited 3:37pm Apr 20, 2006 8:23am | Edited 3:37pm
I like this short for several reasons. confluences.

Daily reversal good at extreme fib.
Nice Tweezer pattern
V4 crossed N/L, approaching 30 to 40 pip entry 1.7785
broke down through DOR
TDTL break on 4 hour

It looks good, but I am still going to wiat for price to hit my entry stop

SMJ

Quoting Bemac
Short GBP USD now.
May take a couple off the table at Fib 233 and let the others run for a while to see if this is THE move.

Accrete. Notice I added your 34 EMA. Did you get a similar short on yours on the fall from ~1.7870 ?
  • #605
  • Apr 20, 2006 8:35am Apr 20, 2006 8:35am
Quoting smjones
I like this short for several reasons. confluences.

Daily reversal good at extreme fib.
Nice Tweezer pattern
V4 crossed N/L, approaching 30 to 40 pip entry 1.7885
broke down through DOR
TDTL break on 4 hour

It looks good, but I am still going to wiat for price to hit my entry stop

SMJ
No! Enter now! Enter now! Jump in the gun! <evil grin> hehehe..
Am I a good devil's advocate? hehehe..

I'm also waiting for my entry stop to be hit @ ???!
  • #606
  • Apr 20, 2006 8:42am Apr 20, 2006 8:42am
Good to hear you East,

Yea the hardest part is sitting on my hands for the last few pips...

SMJ

Quoting eastmaels
No! Enter now! Enter now! Jump in the gun! <evil grin> hehehe..
Am I a good devil's advocate? hehehe..

I'm also waiting for my entry stop to be hit @ ???!
  • #607
  • Apr 20, 2006 8:42am Apr 20, 2006 8:42am
Quoting eastmaels
No! Enter now! Enter now! Jump in the gun! <evil grin> hehehe..
Am I a good devil's advocate? hehehe..

I'm also waiting for my entry stop to be hit @ ???!
Hey guys, "Trade Your System" bet you've never heard that before

I know this could be a little early for a full blown VWB but it has met the first condition I posted yesterday. I'm not Fully exposed just yet.
  • #608
  • Apr 20, 2006 8:44am Apr 20, 2006 8:44am
Quoting smjones
Good to hear you East,

Yea the hardest part is sitting on my hands for the last few pips...

SMJ
Do you have a Sell Stop working SMJ? Where at?
  • #609
  • Apr 20, 2006 8:45am Apr 20, 2006 8:45am
Oh gosh Bemac I wasn't knocking your trade, I was saying I liked it. It made sense. Especially with regards to your discussion yesterday about the DORBreak
I was listing the reasons why I thought it was right...

SMJ


Quoting Bemac
Hey guys, "Trade Your System" bet you've never heard that before

I know this could be a little early for a full blown VWB but it has met the first condition I posted yesterday. I'm not Fully exposed just yet.
  • #610
  • Apr 20, 2006 8:46am Apr 20, 2006 8:46am
It's at 1.7785



Quoting Bemac
Do you have a Sell Stop working SMJ? Where at?
  • #611
  • Apr 20, 2006 8:52am Apr 20, 2006 8:52am
Quoting Bemac
Hey guys, "Trade Your System" bet you've never heard that before

I know this could be a little early for a full blown VWB but it has met the first condition I posted yesterday. I'm not Fully exposed just yet.
LOL... Yup, you're right.. I'm just now entertaining myself here so that I can just ignore the trade and let it hit my entry stop...
I've entered all the necessary orders so all I have to do right now is wait and let the market go where it wants to go now..

Hi Scott,

What do you mean by "knocking your trade"?
It's not yet in my idioms for dummy dictionary..

Regards,
East
  • #612
  • Apr 20, 2006 8:53am Apr 20, 2006 8:53am
Quoting smjones
Oh gosh Bemac I wasn't knocking your trade, I was saying I liked it. It made sense. Especially with regards to your discussion yesterday about the DORBreak
I was listing the reasons why I thought it was right...

SMJ
You read me wrong SM. I wasn't offended. Just doin' the same as you and keeping my trigger finger busy on another keybord while in the trade.

  • #613
  • Apr 20, 2006 8:57am Apr 20, 2006 8:57am
Bemac, That's why they call me wrong way Jones... LOL SMJ



Quoting Bemac
You read me wrong SM. I wasn't offended. Just doin' the same as you and keeping my trigger finger busy on another keybord while in the trade.

  • #614
  • Apr 20, 2006 9:08am Apr 20, 2006 9:08am
Quoting smjones
Bemac, That's why they call me wrong way Jones... LOL SMJ
YOU'RE IN.
Welcome to the Trade.
  • #615
  • Apr 20, 2006 9:13am Apr 20, 2006 9:13am
All my Sell stops just hit...i am in
Short on [email protected]
Short on [email protected]
Long on [email protected]
  • #616
  • Apr 20, 2006 9:37am Apr 20, 2006 9:37am
Entered 4 pairs and buy stop pending on one more pair..what a day!!

I have moved my SL to B/E on two pairs since my MM bell rings with so many trades on today !!

Hope everyone is having fun today..Good luck to you all.

Shan
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  • #617
  • Apr 20, 2006 1:58pm Apr 20, 2006 1:58pm
Hello,
I just began paper-trading the VWB Daily method and the knife/4-hour tunnel method. I also bought the USD/CHF Thursday evening about 9:30pm EDT when I saw what I interpreted as an inverted hammer (reversal) candlestick on the daily chart at the -233 fib level. Your description of the profit-taking is what I understand of the Daily method. Currently I am up ~80 pips. I also set up a 50-pip trailing stop when I saw I was up 60, and the stop is currently at +49 pips. I missed the euro reversal signal (Hanging Man) after looking right at it !!!!

TP

Quoting bonmeister
OK, I'm long on USD/CHF & short on EUR/USD. As per Vegas' instructions we take 50% profit at or near tunnel & the other 50% rides until it crosses thru tunnel to an opposite signal.

Is this how everyone here is taking profits or what? I'm interested in hearing your personal strategies on this.

G
  • #618
  • Edited 2:16pm Apr 20, 2006 2:02pm | Edited 2:16pm
teepee,

as you prolly know, the USD/CHF & EUR/USD are usually mirror images of each other. If I see a good entry point on one of those two I always look carefully to see if there might be an entry in the opposite direction on the other pair and then I trade them at the same time.

these are my first VWB trades BTW, so I'm in learning mode.

Good luck!

Quoting teepee
Hello,
I just began paper-trading the VWB Daily method and the knife/4-hour tunnel method. I also bought the USD/CHF Thursday evening about 9:30pm EDT when I saw what I interpreted as an inverted hammer (reversal) candlestick on the daily chart at the -233 fib level. Your description of the profit-taking is what I understand of the Daily method. Currently I am up ~80 pips. I also set up a 50-pip trailing stop when I saw I was up 60, and the stop is currently at +49 pips. I missed the euro reversal signal (Hanging Man) after looking right at it !!!!

TP
  • #619
  • Apr 20, 2006 2:05pm Apr 20, 2006 2:05pm
From 4/18:

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

Today:
Sold USDCHF 1.2795 (+116 pips)
bought GBPUSD 1.775 (+55 pips), and also covered an add at 1.792 for +170 pips
Sold EURCHF at 1.574 for +92 pips

TOTAL PIPS: 433

I actually shorted USDCHF at 1.2795, and am short USDJPY at 117.55
USDCHF came hit the 1 hr tunnel at 1.28 and fell off ...

I just can't bring myself to buy the dollar here and hold, on such a clear breakout of the dollar to the downside this week. Also, USDCHF is starting to trend down on the weekly, and so need to trade in trend direction.

I know Vegas system says hold, but in lieu of a strong dollar breakout to the downside this week, it pays to use some market commen sense here ... IMO

EZ
  • #620
  • Apr 20, 2006 2:28pm Apr 20, 2006 2:28pm
Vishalshan, I really enjoy your tables. Greetings from the Czech Republic.
Bruno
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