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Attachments: Vegas Wealth Builder - Part I
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Vegas Wealth Builder - Part I

  • #381
  • Jun 22, 2006 9:27am Jun 22, 2006 9:27am
Quoting miketoll
hi, i was now reading till page 12 and treid to solve my problem, but somehow i failded..
I just dont undestand these parts of the vwb:

3) After initiating a new position, and stops are in place, we look to take 50%
of position off at/or around the tunnel. In other words, we book half the
position for a profit. Stop on the other 50% of position is raised to an
appropriate profit level or breakeven.
4) The last 50% of position is held until we get opposite signal on the other
side of the tunnel [first part of step 3].

What does vegas mean with the 50%? are 100% the middle of the tunnel to the outest fib line?
I hope you can help me.
A position here means the number of lots you have on a trade.

So for example, you have 2 mini lots on a certain trade, what vegas means on "booking half the position when it hits the tunnel" is taking 1 mini lot (50% of 2 mini lots) that you have on the trade.

If I remember it right, the tunnel is the 24/28 MA in the daily chart.

So when price hits the tunnel (24/28 MAs), then you still have half of your position which is 1 lot.

You now then wait for a reversal on the opposite side of the tunnel.

So basically, what vegas is referring to the 50% is applied to your position.

Hope this helps and not confuse you more.

Regards,
East
  • #382
  • Jun 23, 2006 11:56am Jun 23, 2006 11:56am
Hi:

Just wondering if either Vegas or some of the more experience traders could help me with this. This is regarding the Daily Trading method (VWB) and the setup on the USD/JPY (see chart below). First a question:

1). I understand that at a minimum, for USD/JPY to setup for a possible trade, it must at least touch the second fib band. My question... if the price/candle is breaks through the 2nd fib and begins trading BETWEEN the 2nd and 3rd fib for several days, do wait for it to hit the 3rd fib before before we look for a reversal, or are we still looking for a possible reversal at this "in between level?"

Ok, on the the chart. Could someone take a look at this on the hourly and tell me if these two setups would have met the conditions for a trade (particularly the setup on June 14)? If not, why? Both would have been stopped out. Did anyone take this trade? If I'm understanding the VWB condtions correctly, the conditions for a short trade on 6/14 would have been met. Should this trade have been avoided?

Any input from vegas or some of the veterans would be greatly appreciated. Thanks in advance.

Below is the "Daily" Chart for the USD/JPY:
Attached Image
  • #383
  • Jul 2, 2006 3:46pm Jul 2, 2006 3:46pm
hi, thank you for answering, but i still dont get everything, below i posted a screenshot.
If i understand it right i have to enter when the referring fib line is broken, but only with 50% of my account. But why? Isnt it much more sensible to take 100%? I dont know for what i need to keep the other 50%. Why cant i simply close the position if i need the other 50%?
I would really appreciate if someone could explain it to me. Maybe you can also post a screenshot, where i get a better point of view.
Many thanks
mike
http://img478.imageshack.us/img478/2645/chart4je.th.gif
I'm getting there ... slowly
  • #384
  • Jul 2, 2006 4:08pm Jul 2, 2006 4:08pm
are u using strategy builder fx? what broker aer you going through?
  • #385
  • Jul 3, 2006 7:12am Jul 3, 2006 7:12am
yes iam using strategy builder platform and still use the demo account on it.
I am looking forward to an answer
Greets mike
I'm getting there ... slowly
  • #386
  • Edited 8:14am Jul 3, 2006 8:07am | Edited 8:14am
You take the first 50 to lock in profits. You take the remaining 50 at the end of the run. Setting an appropriate stop so if it reverses on you you lock in profit on the second 50. This way you capture the full width of the move.

If you took 100 percent on your first level, you would leave the other 50 wasted. Waiting to take 100 per cent at the end of the swing means that if the first target was reached and reversed you would have made less than 50 so it's not a good idea.

It's about capturing as many pips as possible plus locking in profit. Those are the 2 concepts.

But...I could be wrong...sorry i,m a noob.

Oh, taking 50% means that if you are for example trading a mini account you would have opened the position with 2 lots(as an example) and in the case of your picture, closed 1 lot at the tunnel thus locking in profit. Now you are in the psychologically advantageous position of being past Break Even on your trade. It's only up from here baby, type of feeling. Now you can focus on the prospect of riding your second lot down to the exhaustion point but if it doesn't make it you protect the distance it has made with a stop loss to lock in further profits.
  • #387
  • Jul 3, 2006 2:50pm Jul 3, 2006 2:50pm
minute,

in my view thats completly wrong (i mean the calculation).
example: graph is at 1.0000, and the tunnel is at 1.0100 and a reverse happens at 1.0200.
Furthermore lets assume 1pip = 1$ (if i take my whole account = 100%, so 50% = 0.5$)

Lets assume i take 100 percent from the beginning, than i would have made to the tunnel 100pips = 100$, than i go on and set my target at 1.0200 (because i think that there is a reversal), than i will get another 100$, but the trend goes back 50pips in the end, so iam at +150pips .. this means that i have a total of
100 pips + 100 pips -50pips = 150$

If i take the same calculation patter for 50%, than i would have get 100pips +100 pips -50pips = 75, this means the half. So where is the benefit of taking 50%?

Maybe someone else could make an example, or explain it more in detail.
I would appreciate this.
- mike
I'm getting there ... slowly
  • #388
  • Jul 3, 2006 3:06pm Jul 3, 2006 3:06pm
vegas recommends you book 50% at the tunnel. the other 50% you can do whatever you want with it.

you can secure your profits by exiting at a smaller profit, or you can shoot for the other side of the tunnel for maximum profit.

in the process, you can set your stop to a price so at WORST you break even (this includes the 50% that profited), or you can move your stop closer to the current price so that you still end up with some profit.

Quoting miketoll
hi, thank you for answering, but i still dont get everything, below i posted a screenshot.
If i understand it right i have to enter when the referring fib line is broken, but only with 50% of my account. But why? Isnt it much more sensible to take 100%? I dont know for what i need to keep the other 50%. Why cant i simply close the position if i need the other 50%?
I would really appreciate if someone could explain it to me. Maybe you can also post a screenshot, where i get a better point of view.
Many thanks
mike
http://img478.imageshack.us/img478/2645/chart4je.th.gif
  • #389
  • Jul 3, 2006 3:11pm Jul 3, 2006 3:11pm
so the whole idea is like the bollinger bounce with fib lines (and when the bounce happens, i should take 50% till i reach the tunnel (which is my first target)
I hope iam right
-mike
I'm getting there ... slowly
  • #390
  • Jul 3, 2006 3:14pm Jul 3, 2006 3:14pm
Quoting miketoll
so the whole idea is like the bollinger bounce with fib lines (and when the bounce happens, i should take 50% till i reach the tunnel (which is my first target)
I hope iam right
-mike
i dont know why you said "take 50% till", its more like you take off 50% WHEN you reach the tunnel. but yeah. its like a bollinger bounce.
  • #391
  • Jul 3, 2006 3:25pm Jul 3, 2006 3:25pm
many thanks clam, no i know what vegas means, its that stupid english that did me misunderstand the thing^^
I'm getting there ... slowly
  • #392
  • Aug 15, 2006 1:50am Aug 15, 2006 1:50am
hey guyz i went through Vegas 1 hour tunnel method.. and i really like it.. but i got these mq4 files with the download from the forum.. what exactly are thosre? what program do i use to open them? thanx a lot
BECAUSE I CAN !
  • #393
  • Aug 15, 2006 2:05am Aug 15, 2006 2:05am
those are the indicators for the program metatrader4.
  • #394
  • Aug 15, 2006 5:51am Aug 15, 2006 5:51am
Here is a list of brokers I think most have a demo. I am using interbank fx but it is only good for a month at a time. Does anyone know of a dealer that has MT4 demos that dont expire?

Rick
  • #395
  • Aug 15, 2006 6:37am Aug 15, 2006 6:37am
Quoting fastek
Here is a list of brokers I think most have a demo. I am using interbank fx but it is only good for a month at a time. Does anyone know of a dealer that has MT4 demos that dont expire?

Rick
My suggestion:

Click open an account everytime your demo expires. This way, you can continue with a new account on the same platform.

Good Trading!
Change Your Thinking. Change Your Life - JD
  • #396
  • Sep 7, 2006 12:43am Sep 7, 2006 12:43am
Hi all! I am very new to Forex. I have been studying for 2 months now. I read a lot of thread in FF and some books. I did some testing some methods and back to read again. I like the Vegas methods the best so far. I am sure I haven't read 1/100000 what everybody else have. I just looked at the VWB III and I am very interested in but I think I need to read all his method than just subscribe to somthing I have no idea with. I would like to study more about his method first, but the link on FF to VWB part I gives me the error message.

Oops, something went wrong!

We're sorry, the page you requested has been moved or deleted.

Can anyone help me to get the file?


p.s. As soon as I finish reading AND understand the method of Part I and Part II, I will go for Part III!


Saw
  • #397
  • Sep 7, 2006 8:35am Sep 7, 2006 8:35am
You can download the VWB documents from Vegas' website: www.tunneltrading.com





Quoting sch305ny
Hi all! I am very new to Forex. I have been studying for 2 months now. I read a lot of thread in FF and some books. I did some testing some methods and back to read again. I like the Vegas methods the best so far. I am sure I haven't read 1/100000 what everybody else have. I just looked at the VWB III and I am very interested in but I think I need to read all his method than just subscribe to somthing I have no idea with. I would like to study more about his method first, but the link on FF to VWB part I gives me the error message.

Oops, something went wrong!

We're sorry, the page you requested has been moved or deleted.

Can anyone help me to get the file?


p.s. As soon as I finish reading AND understand the method of Part I and Part II, I will go for Part III!


Saw



  • #398
  • Sep 8, 2006 8:44am Sep 8, 2006 8:44am
Vegas,

I subcribed to Advisory Signals last week on the 8/30/06. I have not received an activation notice. I have sent a couple emails with no response. Could you help me out in this matter. It would be greatly appreciated.

Thanks,

Rutow
  • #399
  • Sep 10, 2006 9:09pm Sep 10, 2006 9:09pm
rutow,

Have you sent the e-mail to [email protected]
Also you might need to send him your batch# (the number you get when you made a payment thru e-gold)
It might take a day or two after you sent the e-mail out.
I'm sure he'll reply to you soon.

Tech
  • #400
  • Sep 19, 2006 7:15am Sep 19, 2006 7:15am
Hi, Im interested in the 1hour vegas tunnel.
can someone please post the metatrader 4 indicator that draws the 34,55,89,144,233,377 fib lines and the 144ema and 169emas for me on the chart.

Thank you in advance
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