Deprive a man of everything and you give him nothing to lose.
THV System Trades & Patterns Thread 857 replies
THV 4 system with SAH; My Trading Journal 163 replies
Bow's trading journal (THV, Hmaoui simple system) 4 replies
My Journal - Based on THV V3.0 by Cobraforex 30 replies
the vouchers - THV System 2 replies
DislikedSorry if I am posting too much...
A follow on to my previous post about the 1 min divergence, whether or not the divergence had anything to do with the move downwards shortly therafterwards, I noticed that on both THV signals, RSI was oversold and may have prevented one from entering the trade...it was even oversold on the 5 min chart. Is this something that should just be accpeted? It was afterall a 50+ pip move...
I know Cobra has said many times that one may have to discard certain indicators for various reasons...looking at this period is...Ignored
DislikedI am curious as well about this particular move..only thing i can see is the t3 trix indicator going down predicting the downfall...but one shouldn't trade on that alone...but in this case it worked..Ignored
Dislikeddid y'all move to another location?!! Did I miss a thread? Y'all are just scalping the heck out of the market...Big Pippin' !
for those of y'all that are relatively new - like myself - I wanted to mention that losing - on a demo account - can be just the medicine that is required - as long as it does not crush your morale. I think I broke every rule these last two trading days...and...lost a lot of pips...I am trying to keep my spirits up and learn from my mistakes. hopefully it will solidify in my mind that if one sticks to the program...one...Ignored
DislikedSorry if I am posting too much...
A follow on to my previous post about the 1 min divergence, whether or not the divergence had anything to do with the move downwards shortly therafterwards, I noticed that on both THV signals, RSI was oversold and may have prevented one from entering the trade...it was even oversold on the 5 min chart. Is this something that should just be accpeted? It was afterall a 50+ pip move...
I know Cobra has said many times that one may have to discard certain indicators for various reasons...looking at this period is...Ignored
Dislikedwhat I am really interested in though, is the issue of divergence and whether you go with the trend of the trix or the trend of the chart...Ignored
Dislikedand is there a way to determine which way to anticipate the following movement...that is to say...does one follow the trend on trix or on the chart or does one just wait for movement?Ignored
QuoteDislikedThe green and red line in the indicator window (T3 Trix) show us early possible trend changes on cross
DislikedI noticed that on both THV signals, RSI was oversold and may have prevented one from entering the trade...it was even oversold on the 5 min chart. Is this something that should just be accpeted? It was afterall a 50+ pip move...
I know Cobra has said many times that one may have to discard certain indicators for various reasons...looking at this period is there any reason that ther could have been to take the trade...?Ignored
QuoteDislikedThe green and red "worms" in the indicator window are RSI and show overbought and oversold areas and it is a sign that the PA may stop or reverse soon.
QuoteDislikedPA (price action) and blue (aqua) T3 line crosses the big hull line and the candle is in color of direction (red -> short),
We only enter short under the cloud and vice versa.
DislikedI am curious as well about this particular move..only thing i can see is the t3 trix indicator going down predicting the downfall...but one shouldn't trade on that alone...but in this case it worked..Ignored
DislikedSomething rare happens today, the E/Y was falling almost 350 pips and the E/U is glued at about 1.2630.
What will happen if the E/Y retrace?Ignored
DislikedTherefore my first question is: do you cobra, doblece etc...take trades that net you 5, 10, 12 pips? As cobra said, sometimes scalping on a low time frame can be a long position on a daily chart...but are you sometimes coming out with single digit pips...I do, quite often and just want confirmation that using this system, that is not abnormal.Ignored
DislikedThe other issue has to do with stop losses. I use MT4 for charting and another platform for execution. That paltform is one-click open and close and is very quick...no requoutes...my question is two fold...
1.) Becuase setting up a stop loss or OCO order takes a few moments I rather keep my finger on the trigger to stop a loss. Does anyone else do that?
2.) Is anyone using 10 pip stop losses are thereabouts. I sometimes use more and more often that not I try to use levels of the indicators as stop losses (just above or below) if it is too high,...Ignored
DislikedProvided that your broker allows scalping, I don't see why it would be "abnormal".
Though you can change the conditions of a trade if you see it has potential for developing in a higher timeframe, I think you should stick to a defined timeframe of your choice, and set up the parameters (stoplosses, MM, etc...) in regard to that specific timeframe. For example, if one uses the ATR (average...Ignored