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Thread: Vegas Trading

  1. #1
    Hey there,

    This thread is going to be for keeping track of my trades utilizing Vegas's systems. I will use his VWB system together with the 1 and 4 hour tunnel approaches to pin point entery and exit points. For charting I will probably use MT4.

    VWB is a good system and I encorage you to utilize it. I guess we can use this area to assist each other with entery and exit points.

    regards,
    J.

  2. #2
    http://www.flickr.com/photos/14844129@N00/276023462/http://www.flickr.com/photos/14844129@N00/276023462/

    The Australian dollar weakened vis-à-vis the U.S. dollar Now as the Aussie tested bids around the US$ 0.7575 Degree and was capped around the $0.7600 figure. Australian dollar bids are cited around the $0.7520 level.

    So seems like we plowed through the .7565 resistance lvl and are looking to brief this pup around The next fib level [144] or higher from the tunnel.... I will start looking for market signs around the .7665 region.

    regards,
    J.



  3. #3
    The British pound moved higher vis-à-vis That the U.S. dollar today as cable tested offers around the US$ 1.8855 level and was supported around the $1.8755 level. Stops were reached above the $1.8030 level, representing the 50% retracement of the move from $1.9145 to $1.8515. Data released in the U.K. today saw preliminary Q3 GDP enlarge 0.7% q/q and 2.8percent y/y, consistent with the long-term growth rate and above Q2's 2.6percent y/y growth rate. Also, August services output was up 0.8percent m/m. Collectively, these data support the belief the Bank of England's Monetary Policy Committee will tighten coverage on 9 November. Cable bids are cited around the US$ 1.8755 level. The euro moved lower vis-à-vis the British pound as the single currency tested bids around the #8356;0.6690 level and was capped around the 8356;0.6730 level. lt;wbrgt;

    Support Resistance


    L1. 1.8165 1.9090


    L2. 1.8005 1.9215


    L3. 1.7640 1.9550




    well we are in some what of a support at 1.8850 hopefully We'll break through and I will look for sell signals around the next fib level [233] from the tube 1.8975 area.

    regards,

    J.


  4. #4
    These are the only 2 pairs that are close to a possible trade so thats all I need for now.... Please don't hesitate to disscuss and remark as always.

    regards,

    J.

  5. #5
    I like your charts... clear and simple to read. . .GOOD WORK!

  6. #6

  7. #7
    The British pound Valued vis-à-vis That the U.S. dollar last week as cable tested offers around the US$ 1.8856 Amount and was supported around the 1.8522 level. The pair gained approximately 270 pips a week. MPC's Lomax said the market”just pulled from a soft patch while MPC newbies Sentance and Besley were in the minority voting for a rate increase this month. Most traders see higher rates following month. September inflation printed in a solid 2.4% together with the core CPI rate up at 1.4%, its strongest showing since November 2005. The September claimant count printed in a five-year high; the jobless rate remained at 3.0%; Rightmove house prices remained raised; CML mortgage lending was strong with both BSA and BBA action lower; and September retail sales were off 0.4% m/m. The Treasury reported the U.K. government is on course to record its biggest deficit in more than one decade. Additionally, preliminary Q3 GDP enlarged 0.7% q/q and 2.8% y/y, at or above trend growth rates.


    Well it looks like we bounced off that support at 1.8850 area durring that the London open... witch is fine because I haven't entered the trade yet. Would have been nice to get in at the lvl for approximately 100 pips in this point... oh well there'll be more transactions that there always is....

    Looking at the 4h chart, hopefully the price stay's from the channel summarized in blue and rebounds off 1.8735 area and makes another rally into the 1.8875 1.8975 area where we shall still look to sell.

    Regards,

    J.

  8. #8
    Hey J, recently began using the procedure or constructing and viewing the charts, more so the daily compared to the H4 tubing procedure. What's your experience been thus far with the briefer instances frames, H4 and H1?

  9. #9
    J, you'd now be seeking to LONG GBP on H4 tunnel VWB at around 1.8735 as shown in chart and only strike?

  10. #10
    The Australian dollar Valued vis-à-vis the U.S. dollar last week since the Aussie tested offers around the US$ 0.7602 Amount and was supported Across the US$ 0.7491 level. The pair gained about 75 pips last week. The August Westpac leading indior was an annualized 6.1%, down from July's annualized 6.4percent level.

    The AUD retracted a little durring that the London session, also a great shooting start appered. (red arrow) When I was a gambling man I'd brief this right here.... But from the forex I always wait for perfect conditions

    Hopefully the little support @ .7565 holds and we can look to short about .7675 region.

    Regards,

    J


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