Quote:
Originally Posted by dpaterso
I see we're also now AGAIN starting to get some 'promising looking' (possible) VSC(1) entry signals on quite a few forex pairs and, what I'm hoping, is that the signals are NOW being generated AFTER the huge pullbacks in price. Take a look at GBP/JPY and GBP/USD for example. It sure looks like we're going to get a 'confluence' of signals from the VSC(1) and the SIS. Something interesting that I noticed as well: when we got the FIRST VSC(1) entry signals on those two pairs, AC was green BUT it was already ABOVE the zero line and, as we know, these trades only broke even (at best) whereas NOW AC (as well as AO) is BELOW the zero line. Could this be important??? Could this be the VSC(1) / SIS 'magic bullet'??? I know I've mentioned this before and I seem to remember that someone said that you miss too many trades BUT did anyone actually see what happened to those trades??? Did those trades that were taken (and not missed) because AC was green but was ABOVE the zero line actually (eventually) close out at a profit??? I'm not saying I've gone back and analysed trades like that but maybe it's something to look at. I mean: take a look at AUD/USD as another example. We got our VSC(1) entry signal a few days back but look at what happened to the trade (and while you're looking at that please also note where AC was at the time and look NOW where AC is)!!! 'Food for thought'!!!
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I just had a glance at my list a couple of weeks ago and summed how it looked now. The numbers look horrible. If you had entered all those signals without getting out soon, you'd be in deep sheet now. I took some of them + some CFDs, and maybe I need not say more. Most of the positions are still open, but my margins are now all up to the rule limits. Now I can do nothing but wait.
There is maybe only GBP/USD that would have made some proper profit. And as far as the proper AC signal is concerned, please look at the corresponding column in the table. Most of those pairs had a proper AC in place. But practically everything just turned against us here. I think this may be the worst kind of timing to test VSC1.
Code:
PAIR ENTRY AC date SIS date How did it go in pips?
Last week's signals
AUD/CAD Long 0.88255 10.9. 19.9. -400 (not fired)
AUD/JPY Long 90.473 8.9. 19.9. -800 (not fired)
AUD/NZD Long 1.21714 - 22.9.? -500 (fired)
AUD/USD Long 0.84151 9.9. 19.9. -600 (fired)
CAD/JPY Long 19.9. - retrace? 18.9. 19.9. already retraced 450
EUR/JPY Long 156.197 8.9. 12.9. -1000 (not fired)
EUR/USD Long 15.9. - retrace? 12.9. 12.9. already retraced 600
(GBP/CAD skipped)
GBP/JPY Long 198.198 8.9. 12.9. -1000 (not fired)
GBP/USD Long 15.9. - retrace? 8.9. 12.9. +500 with proper exit
NZD/JPY Long 74.789 17.9. 18.9. -400 (not fired)
USD/BGN Short 15.9. - retrace? 12.9. 12.9. already retraced 500
USD/CAD Short 19.9. - retrace? ? 18.9. already retraced 300
USD/DKK Short 15.9. - retrace? 12.9. 12.9. already retraced 1500
USD/NOK Short 15.&19.9. - 5.64255 12.9. 19.9. -4000
USD/RUB Short 15.9. - retrace? 10.9. 16.9. +2000 OR already retraced 3500
USD/SEK Short 15.&18.9. - 6.57454 12.9. 18.9. -4500
Last week's candidates
USD/ZAR Short about 7.8 16.9. 19.9. -3000
EUR/AUD Short 1.7227 19.9. 19.9. -500 (not fired)
USD/RON Short 2.50669 11.9. 19.9. -2500 (fired)
New signals
AUD/CHF Long 0.9281 19.9. 19.9. -500 (fired)
CHF/JPY Long 18.9. - retrace? 12.9. 18.9. already retraced 500
EUR/CAD Long retro? or going short? 300 short
EUR/NOK Short 18.9. - 8.26362 19.9. 19.9. -300 (fired)
EUR/SEK Short 9.49957 18.9. 19.9. -2000 (not fired)
GBP/AUD Short 2.18305 19.9. 19.9. -900 (fired)
GBP/NOK Short 10.3778 18.9. 19.9. -2800 (fired)
GBP/NZD Short 18.9. - 2.66723 18.9. 19.9. +300 with proper exit
GBP/ZAR Short 17.9. 22.9.? (tough)
NZD/CAD Long 0.73046 10.9. 18.9. -100 (not fired)
NZD/USD Long 18.9. - 0.68415 12.9. 18.9. -200 (fired)