Everyone, I'm gone for the weekend and then Monday, back today, and I got 327 new posts. Whoa!! Wow, you guys were busy in the last 48 hours. I see there is a new thread. I will wade through it this evening and check it out. While I was gone, I got ...

'Vegas Wealth Builder Part II'

Anpar, I'm assuming you mean the sells from above. Yes, I would consider it. The oinly thing is that it's a Friday, so where's it going now? Well, nowhere. Therefore, I would probably choose Sunday night and avoid the weekend risk.

'Vegas Wealth Builder Part II'

cici, I think you just arrived at the next level. Your thought process was a lot like mine 25 years ago. Suddenly, you just get it, and you wonder why it took so long. When I first was sorting all this out, it took me about 4 months to really get it ...

'Vegas Wealth Builder Part II'

Anpar, No. You only get your best trades from the signal reversal. After that the probabilities go down hill. Now, if you get a new signal, then you go with it. I would add in this edit, that this is true except in the volatile pairs eur/jpy and ...

'Vegas Wealth Builder Part II'

Bemac, Usually just the bottom-feeders around Holiday time. It was harder because the customer order flow dried up, and all you were left with was 10 guys trying to pick each others pocket for a pip in a 6 pip range. After my first year, I was gone ...

'Vegas Wealth Builder Part II'

Bemac, People started thinning out around the 15th [depending on the weekend] and would usually come back around the 2nd or 3rd week of January.

'Vegas Wealth Builder Part II'

xspowerx, Very glad to here this! High today in Cable was only about 15 pips from tunnel. Close enough for government work, especially when you consider it all came in just a few hours. Nice.

'Vegas Wealth Builder Part II'

Bemac, As you know from VWB Part II, the market used to do this every day before electronic trading. The problem with doing it on a weekly basis is that there is just too much time from about Wednesday night to Friday close. Throw in all the reports ...

'Vegas Wealth Builder Part II'

Am I the last guy in the room on a Friday?

'Vegas Wealth Builder Part II'

WTB, In this specific instance, after the market went up to 1.7491 [the low was 1.7413] that gave us a range of about 80 pips. Half of that puts you at 1.7451. So, a couple of ticks lower at 49 seems a reasonable stop since I'm long at 48. So it's ...

'Vegas Wealth Builder Part II'

cici, First some general comments on some of the issues you raise. I never question why the market does what it does. I do not try and "figure out" the market. I concentrate 100% of my energies on implementing my method. If I do that, then I have ...

'Vegas Wealth Builder Part II'

[QUOTE=Scooter]Hi, At what point do you move you stops to BE? Thanks, Scott[/QUOTE Scott, Usually when the market starts making a new high on the day past the 60 pip range [assuming I'm long].

'Vegas Wealth Builder Part II'

Everyone, Sometimes when you play the marble game you pick the wrong marble. Doesn't mean the probabilities are wrong, it just happens. Last nights action in Cable was very strange. Oh well, on to the next trade.

'Vegas Wealth Builder Part II'

Z, It's the only way to play. Haven't seen this kind of market action in a while. Market opens goes to high, then goes and makes a low, then goes and makes another high, and now breaks 50% retracement [1.7452].

'Vegas Wealth Builder Part II'

bluemeasure, Sometimes you have no choice but to wait for the close and then go with it. This happens most often with spinning tops. In my opinion, this is the toughest reversal to trade. Other reversals are "cleaner" in terms of momentum and what ...

'Vegas Wealth Builder Part II'

bluemeasure, I think he asked if it closes above 1.7460 for the day or possibly goes higher would we have an engulfing pattern? From the looks of it, it wouldn't be textbook [because the low isn't low enough] but it's close enoguh for me. But like I ...

'Vegas Wealth Builder Part II'

rjb1024, yes, that is correct, but I don't put much faith in most techs. Without a doubt, the most accurate signals are reversals after extended moves.

'Vegas Wealth Builder Part II'

Everyone, On a more serious note, everybody should be long cable with appropriate stops. One thing I would add. Of all the reversal signals in VWB and VWB Part II, the spinning tops are the weakest technically. I say this just so you know. There is ...

'Vegas Wealth Builder Part II'

Everyone, I see 2 things in the news tonight that are interesting. 1) CME will start electronic trading in SNOWFALL FUTRES! Yes, it's true. Snowfall at Boston's Logan Airport is where it's measured, and contracts are traded OCT. through APRIL. Maybe ...

'Vegas Wealth Builder Part II'

John, I know Cable like every square inch of my glorious naked body. HAHAHA Itjust takes time and discipline.

'Vegas Wealth Builder Part II'