VWVB Daily Chart Analysis | Page 32 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies

100% Daily Chart Analysis 64 replies

What is the difference between an "interday" chart and "intraday" chart? 2 replies

1 bar in 1H chart = how many bar in 5min chart? 3 replies

gbpjpy tick chart difference with 5m chart 0 replies

Attachments: VWVB Daily Chart Analysis
Exit Attachments

VWVB Daily Chart Analysis

  • #621
  • Apr 20, 2006 3:00pm Apr 20, 2006 3:00pm
Quoting Bruno
Vishalshan, I really enjoy your tables. Greetings from the Czech Republic.
Bruno
Greetings Bruno..Welcome aboard.

Shan
  • #622
  • Apr 20, 2006 3:04pm Apr 20, 2006 3:04pm
Quoting eastmaels
Hi Zeno,

The indicator we're using can also be found here:
http://www.forexfactory.com/forexfor...ead.php?t=4365

With some info about it in this thread:
http://www.forexfactory.com/forexfor...ead.php?t=3422

Happy trading!

Regards,
East
does anybody have any documentation on how to utilize the FF Tunnel Chart indicator...
  • #623
  • Apr 20, 2006 6:22pm Apr 20, 2006 6:22pm
Here are the trades I am in today:



Short GBP/JPY: +84 pips

Buy USD/CHF: +66 pips

Sell: EUR/USD: +38 pips

Sell: GBP/USD: +46 pips



Anyone see any vulnerabilities here?

There are some good points being offered here. We had some outside forces dictate action here today, such as the commodities. We had a hit in gold and silver, which in turn caused longs to hit the exits in commodity currencies such as AUD and CAD.

Thanks
  • #624
  • Apr 20, 2006 7:41pm Apr 20, 2006 7:41pm
Quoting ForexMike
Here are the trades I am in today:



Short GBP/JPY: +84 pips

Buy USD/CHF: +66 pips

Sell: EUR/USD: +38 pips

Sell: GBP/USD: +46 pips



Anyone see any vulnerabilities here?

There are some good points being offered here. We had some outside forces dictate action here today, such as the commodities. We had a hit in gold and silver, which in turn caused longs to hit the exits in commodity currencies such as AUD and CAD.

Thanks
Forexmike,

If you look at the weekly charts on all of those pairs that trade against the dollar that you listed above, the $ brokeout to the downside. I would move your stops to b/e at the very minimum, and also consider taking partial profits.

I just covered my USDJPY from 117.55 at b/e ... in a tight range, and can't tell where it will go.

Still SHORT USDCHF from 1.2795 (this pair twice bounced off tunnel on 1 hr chart ... looks down from here IMO)

Initiated LONGS:
EURUSD 1.2309
GBPUSD 1.7755 (I think the $ will resume tanking and close near its low for the week)

Initiated longs in:
EURJPY: 144.63
GBPJPY 208.97 (both of these bounced off of the tunnel on the 1 hr charts)

Also initiated short in:
EURCHF 1.574
(fell off of 1st fib line on 1 hr chart at 1.5758, and heading down a bit)

Cheers,
EZCurrency
  • #625
  • Apr 20, 2006 7:48pm Apr 20, 2006 7:48pm
Quoting ForexMike
Here are the trades I am in today:



Short GBP/JPY: +84 pips

Buy USD/CHF: +66 pips

Sell: EUR/USD: +38 pips

Sell: GBP/USD: +46 pips



Anyone see any vulnerabilities here?

There are some good points being offered here. We had some outside forces dictate action here today, such as the commodities. We had a hit in gold and silver, which in turn caused longs to hit the exits in commodity currencies such as AUD and CAD.

Thanks
Congratulations on your nice trades, ForesMike.
No vulnerabilites, at least from my point of view.

eur/usd, usd/chf were classic knife entries
gbp/usd - knife entry based on my rules (8ma slope change only)
gbp/jpy - i'd use Jim's price action on 4hr.

nicely done.
  • #626
  • Apr 20, 2006 8:01pm Apr 20, 2006 8:01pm
Yup, The only thing I did not like about the GBPUSD that I also shorted... is that the Daily black dot shows the downtrend stuff, but the weekly momentum averages have not turned negative last time I checked. But I understand the Daily VWB takes precedent

SMJ


Quoting raczekfx
Congratulations on your nice trades, ForesMike.
No vulnerabilites, at least from my point of view.

eur/usd, usd/chf were classic knife entries
gbp/usd - knife entry based on my rules (8ma slope change only)
gbp/jpy - i'd use Jim's price action on 4hr.

nicely done.
  • #627
  • Apr 20, 2006 8:37pm Apr 20, 2006 8:37pm
"Yup, The only thing I did not like about the GBPUSD that I also shorted... is that the Daily black dot shows the downtrend stuff, but the weekly momentum averages have not turned negative last time I checked. But I understand the Daily VWB takes precedent

SMJ"

I noticed that too.... and although I entered I decided to have my stops too close and got stoppewd out at a small loss... re-entered and got stopped out again... Man... you have to give this trade at least 50 pips of room.

Bakrob
  • #628
  • Apr 20, 2006 8:47pm Apr 20, 2006 8:47pm
It feels like their gunnin for ya don't it... I know what you mean. I just placed my stop at 1.7843, cuz I don't like easy numbers and it seems to be ok so far... I am still not excited about the trade though...

Scott


Quoting bakrob99
"Yup, The only thing I did not like about the GBPUSD that I also shorted... is that the Daily black dot shows the downtrend stuff, but the weekly momentum averages have not turned negative last time I checked. But I understand the Daily VWB takes precedent

SMJ"

I noticed that too.... and although I entered I decided to have my stops too close and got stoppewd out at a small loss... re-entered and got stopped out again... Man... you have to give this trade at least 50 pips of room.

Bakrob
  • #629
  • Apr 20, 2006 9:05pm Apr 20, 2006 9:05pm
Quoting ForexMike
Here are the trades I am in today:

Short GBP/JPY: +84 pips

Buy USD/CHF: +66 pips

Sell: EUR/USD: +38 pips

Sell: GBP/USD: +46 pips


Anyone see any vulnerabilities here?

There are some good points being offered here. We had some outside forces dictate action here today, such as the commodities. We had a hit in gold and silver, which in turn caused longs to hit the exits in commodity currencies such as AUD and CAD.

Thanks
Nice picks Mike. When I see the fiber and cable, the long term trend has changed from USD strong to USD weak..meaning, EUR and GBP has started gaining over USD in weekly/monthly charts. This leaves me worrying how far this pro USD trades will withstand..my gut feeling is that, these trades might not cross the tunnel to reach the other end..I would drop the entire position at tunnel if I see pro USD wave is thinning fast and is just the effect of jobless claims figures only.

Gold and other metals fell today because of USD strength and they might recover their up move if this USD news strength wades of soon.

Shan
  • #630
  • Apr 20, 2006 9:11pm Apr 20, 2006 9:11pm
Talking only to the GBP USD.
I had a nice short day trade thank you very much But I exited my position because the same criteria that told me to look south is now telling me to look East North East.
Therefore I expect GBP/USD to go sideways with a slight bias to the upside. Not enough for me to get involved so it looks like I get a "Do Something Around The Yard" day tomorrow.

As naked & raw as it sounds and with ALL due respect, TA speaking, I feel that 1.7925 is easily within reach of this pair, perhaps eve tomorrow. That takes it to a point of Pit Fighting to hold the handle. That, with the weekend closure imminent makes it a risk I personally am not willing to take. After evidence of a top @ ~1.7925 then it MAYBE a short opportunity.

The 1.7785 Sell Stops are currently hurting. Honestly guys, I believe there is more pain ahead. If you can withstand another bounce, then go for it. I think you will end up a winner but now might be the time to pull that MM ace out of your sleeve.

Only My opininion & I have no more evidence than you to go by.

I couldn't find the emoticon showing Me wishing I am wrong. But if I could, then it would have been placed here.
  • #631
  • Apr 20, 2006 9:26pm Apr 20, 2006 9:26pm
Quoting Bemac
Talking only to the GBP USD.
I had a nice short day trade thank you very much But I exited my position because the same criteria that told me to look south is now telling me to look East North East.
Therefore I expect GBP/USD to go sideways with a slight bias to the upside. Not enough for me to get involved so it looks like I get a "Do Something Around The Yard" day tomorrow.

As naked & raw as it sounds and with ALL due respect, TA speaking, I feel that 1.7925 is easily within reach of this pair, perhaps eve tomorrow. That takes it to a point of Pit Fighting to hold the handle. That, with the weekend closure imminent makes it a risk I personally am not willing to take. After evidence of a top @ ~1.7925 then it MAYBE a short opportunity.

The 1.7785 Sell Stops are currently hurting. Honestly guys, I believe there is more pain ahead. If you can withstand another bounce, then go for it. I think you will end up a winner but now might be the time to pull that MM ace out of your sleeve.

Only My opininion & I have no more evidence than you to go by.

I couldn't find the emoticon showing Me wishing I am wrong. But if I could, then it would have been placed here.
I think that since most of the majors broke out against the dollar this week ... if it is a solid and true breakout, then it is very likely that the dollar will close at/near the low of the week against the majors. I can see GBPUSD easily taking out the highs this week, or by next week. I longed from 1.7775, with a limit sell at 1.8 in case a crazy spike occurs by the close Friday. If it happens to fall to 1.76 ... well, I will add there.

I think $ weakness is here to stay, IMO. Just my 2 cents
  • #632
  • Apr 20, 2006 9:55pm Apr 20, 2006 9:55pm
Has anyone heard from Vegas? Has he stopped posting? The last post I found
by him was about 3-13-06. Thanks to all who respond.
  • #633
  • Apr 20, 2006 9:58pm Apr 20, 2006 9:58pm
Dial said vegas was busy with something and would be back next month...

SMJ


Quoting acetrader
Has anyone heard from Vegas? Has he stopped posting? The last post I found
by him was about 3-13-06. Thanks to all who respond.
  • #634
  • Apr 20, 2006 10:01pm Apr 20, 2006 10:01pm
I just finished reading all the Vegas documents...wow..makes alot of sense. I think Im going to change my trading style when it comes to FOREX to have a much more technical bias using his methods. Very cool stuff indeed. Im glad I found this website. Happy trading to you all-


-Nick
  • #635
  • Apr 21, 2006 3:47am Apr 21, 2006 3:47am
So, all the bank analyses are stating that cable is Long, USDCHF is Short and EURUSD is Short...The opposite of the trades I have entered based upon the VWB...

Are you guys staying in and trusting the indicators??
  • #636
  • Apr 21, 2006 5:03am Apr 21, 2006 5:03am
Quoting ezcurrency
Forexmike,

If you look at the weekly charts on all of those pairs that trade against the dollar that you listed above, the $ brokeout to the downside. I would move your stops to b/e at the very minimum, and also consider taking partial profits.

I just covered my USDJPY from 117.55 at b/e ... in a tight range, and can't tell where it will go.

Still SHORT USDCHF from 1.2795 (this pair twice bounced off tunnel on 1 hr chart ... looks down from here IMO)

Initiated LONGS:
EURUSD 1.2309
GBPUSD 1.7755 (I think the $ will resume tanking and close near its low for the week)

Initiated longs in:
EURJPY: 144.63
GBPJPY 208.97 (both of these bounced off of the tunnel on the 1 hr charts)

Also initiated short in:
EURCHF 1.574
(fell off of 1st fib line on 1 hr chart at 1.5758, and heading down a bit)

Cheers,
EZCurrency

Thanks to you and others for your thoughts...I agree with your assessment.
  • #637
  • Apr 21, 2006 6:27am Apr 21, 2006 6:27am
Dude, Vegas is our ace .I have thrown that ace in before and regretted it.
He just made 150pips on 10 lots........i can't argue with that.
I once heard someone say truth is counter intuitive....
Frankly i have never trusted what the bank says
Swami S
GOD IS NOT SHORT OF CASH
  • #638
  • Apr 21, 2006 6:33am Apr 21, 2006 6:33am
Quoting mwhalber
So, all the bank analyses are stating that cable is Long, USDCHF is Short and EURUSD is Short...The opposite of the trades I have entered based upon the VWB...

Are you guys staying in and trusting the indicators??
Conflicting signals I moved my 2 trades to B/E and got closed. Two of them closed with small loses. When you are in doubt about the direction, my take is to move SL to BE asap to protect your capital. This is a discretionary decision and could be taken on individual comfort level.

Shan
  • #639
  • Apr 21, 2006 6:38am Apr 21, 2006 6:38am
Quoting mwhalber
So, all the bank analyses are stating that cable is Long, USDCHF is Short and EURUSD is Short...The opposite of the trades I have entered based upon the VWB...

Are you guys staying in and trusting the indicators??
you must always trust the system you use to trade.
I remember a few months back, cable hit a high of 1.79xx, and the forexnews.com gurus predict that it'll get to 1.82xx, but look what happened.
  • #640
  • Apr 21, 2006 6:48am Apr 21, 2006 6:48am
just found this line in 133 forex tips thread in the articles section. Seems relevant.
57. Learn to be comfortable being in the minority. If you are right on the market, most people will disagree with you. (90% losers,10% winners).
GOD IS NOT SHORT OF CASH
0 traders viewing now