What does make you think that the bag (Vegas' VWB) is weighted on your favor? It might be weighted on HIS favor because he has been mastering the system for a long time and his results might have been positive, but until YOU get the same positive ...

'Vegas Wealth Builder Part II'

Damn it, the bonehead virus is spreading cause I didnt quite understand your theory. So, basically, if the major trend is up, you would long the retracements using the 4HT system and you would short the exhaustations off the VWB system?

Vwb Chapter 3 Study

Meaning that if we usually enter upon the 50% retracement breakout, you usually move stops to breakever at around 30 pips profit. Is that correct?

'Vegas Wealth Builder Part II'

How come you didnt get stopped out at breakeven? did you not follow Vegas' second instruction? or did I mess up somehow?

'Vegas Wealth Builder Part II'

Everyone stopped out at +1 pip?

'Vegas Wealth Builder Part II'

Didnt he say place a BUY STOP at 1.7448? so why did you enter at MARKET 1.7430?

'Vegas Wealth Builder Part II'

I dont know what is that course, I didnt take any, Did I just quoted someone else's quote or something?

Average system + great discipline =great results?

Guys, stop loss and lot size gotta be decided by you depending on your money managment rules. Anyway, stop should be placed below the swing's low, more less at 1.7370.

'Vegas Wealth Builder Part II'

So that's central Euro midnight (23:00 GMT) then.

'Vegas Wealth Builder Part II'

How's that? GBP interest is lower than AUD. NZD's is higher than AUD though.

trading AUD/JPY as though it were a bond fund

Please explain what you mean by moving EUR 10-15 pips by yourself.

JohnFX's Price Magnets

Regarding #2 stage, make sure it's long enough, not just a couple of months. Also, make sure the profits are consistant and sustained, meaning you dont gain a 40% one month, then the following you lose a 20%, then you breakeven the third, then back ...

Average system + great discipline =great results?

Hello Vegas, thank for the comments. What I saw on the intraday picture on GBP is what I have attached below, that's why I thought it had fulfilled the 3-concept requirement. Anyway, so if I got it correctly, the steps to take are (in order) as ...

'Vegas Wealth Builder Part II'

Vegas, another hypothetical question: We are in a downtrending market. We reach the lower third fib level and we start following the intraday 1H chart to tick the three-concept-requirements on the list. Now, we see that price has dived below the ...

'Vegas Wealth Builder Part II'

Vegas, one question here: if your system expectancy (winners vs. losers) and the risk/reward (stop loss vs. distance to the tunnel) are both possitive, why not close the full position at the tunnel? Sure you would give up on some potentially-larger ...

'Vegas Wealth Builder Part II'

SAR by itself is meaningless, just like trading MAs crossovers or RSI's overbough/oversold by themselves will only lead to a miserable loss in the long run. Having said that, I do believe that SAR does have its value when it comes to visualize some ...

Parabolic Stops.

I personally prefer to enter on the breakout of the pin bar itself, it feels safer to me. In order to deal with the larger stop loss, I reduze lot size accordingly.

james16 Chart Thread

The double top is shown by two daily bars topping out at the same level. If you zoomed into lower time frames (say for example the 30 mins chart), you'd see the typical "M" pattern. Inside bars in the daily chart mean bars which total range from low ...

'Vegas Wealth Builder Part II'

I also shorted the EURJPY (demo money trade though) following VWB system. I saw a double top, then two inside bars in a row (signifying congestion), and then a final powerful thrust to the downside breaking the up trendline. I shorted as that ...

'Vegas Wealth Builder Part II'