Does anybody have info on using Vantage Point software f

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Does anybody have info on using Vantage Point software f

Postby Lucia Chow » Wed Dec 12, 2007 7:40 pm

Does anybody have info on using Vantage Point software for trading the forex market? Have you found it useful?Ta.
I find the short term moving average more predictable to base the trends for the following day or two. What I find unnerving is that it isn't as simple as buy when the blue line crosses the black line as advertised on their web site. particularly if the market is quite choppy, this could lead to many whipsaws. I also don't find the neurl index useful, as at times the market goes in the reverse direction to the neural index. What I do find useful, though this wasn't suggested by the marketing department, was the use of the short term predictive average crossing the medium term moving average and or the ten day sma, these proved better as a predictive trend for day trading. I fould the predictive ranges for the next day misleading and surely unreliabe for putting stop losses or take profit levels.

Does anybody have any good experience with this software?

Your answer will be much appreciated.

Thank you.
Lucia Chow
 
Posts: 2092
Joined: Thu Nov 08, 2007 8:45 pm

Does anybody have info on using Vantage Point software f

Postby Olga » Wed Dec 12, 2007 7:40 pm

I have Vantage Point and look at the Short Term Predictive relative to the Medium Term Predictive.

First, youre using Vantage Point to day trade, but they'll tell you that Vantage Point is for position trading. Yes, theyre predicted high/low is correct granted, big moves may be outside the range, but how frequently do you have a big one day move?, however it only tells you the possible high/low, now what the trading pattern for the day will be.

One thing I could propose is this: Use the Short Term/Medium Term Predictive averages the pink and light blue lines, I have mine set on the bottom part of the map to get an idea of when prices may be changing direction. as well, when you switch from the ten day or five day average to the predicted high/low, youll notice that the short/medium predictive lines will be different that from the 10/5 day map. What I do is when the short predictive light blue line crosses the medium pink line on both the 5/10 day and predicted high/low map, is when I get an indication markets will turn and its correct .

When that happens, since you day trade, use your technicals on whatever time frame map youre using to take trade only in the direction of the crossover. as an example, say youre watching the S&amp,P 500, the market is trending up and you notice that on the five or ten day map that the short term predictive crossed below the medium term, and when you switch to the predicted high/low map that the short hasn't crossed below the medium predictive, but is about to, wait till the short crosses below the medium predictive on the predicted high/low map that's short crossed below medium on both 5/10 and predicted high/low map . When that happens, use your technicals to time short entries, dont go long. In other words, say youre using a five minute map. If the market is trending up, and youre technicals give you a signal for a short, then take the short trade.

When the signals show the five minute map starting to turn back up again, close your short, but don't go long, only enter again when you get a sell signal.

Trade in the direction of the bigger trend. you may want to get less whipsaws and will be trading in the direction of the bigger trend. When the short crosses above the medium predictive on both the 5/10 and predicted high/low map, the only take long trades.

Hope that assists.
Olga
 
Posts: 2182
Joined: Thu Nov 08, 2007 12:37 am

Does anybody have info on using Vantage Point software f

Postby Lucia Chow » Wed Dec 12, 2007 7:41 pm

I am interested in this Software can you tell me where I can find a demo or trial variant in internet? I used search engines, they just gave me urls of forums talking about the soft
Lucia Chow
 
Posts: 2092
Joined: Thu Nov 08, 2007 8:45 pm


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