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Have a great weekend everybody, gonna make a round in the pool.
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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
DislikedHi
I tried to download your manual (pdf), however I received an error message. Could you help me. I have been using your system this morning without a manual...and made $1000 on 1 lot GBPJPY. I kinda get how to read the chart, but sure would appreciate a manual. Thanks again!Ignored
DislikedGood morning all. Nimuz, speaking from experience, I would not recommend trading the 1M unless you have a lot of experience on that timeframe. That's why Cobra calls it extreme scalping. Things happen quickly, and often all you get is 4-5 PIPs before price abruptly turns the other way.
Unless one is a gifted scalper, such as the Cobra, I would spend my time learning M15 and M5, looking only at M1 for final confirmation of entry. There are lots of PIPs to be had on those timeframes.
Just my thoughts, as you asked.Ignored
DislikedHi
I tried to download your manual (pdf), however I received an error message. Could you help me. I have been using your system this morning without a manual...and made $1000 on 1 lot GBPJPY. I kinda get how to read the chart, but sure would appreciate a manual. Thanks again!Ignored
Disliked...Regarding 1min TF will it be much a lot to set TP...I know i can use ATR but in most of time its showing (for TP) less than 10pip while price makes a lot...Ignored
DislikedHi Cobra...
I know you are very experienced in scalping...Regarding 1min TF will it be much a lot to set TP 10pip(exclude spread) ?Of course i know it depends in which situation...But if the price is far away from Fib retracement and pivot points what you can suggest me ?...I know i can use ATR but in most of time its showing (for TP) less than 10pip while price makes a lot...Any suggestions ?Ignored
DislikedHi Cobra,
Please, can you help me? I need to know how I can know if Trix are crossing or are changing color using iCustom()....Any idea ?Ignored
DislikedHi Cobra:
Could you please briefly explain how one should interpret the Average True Range that is showing on the left hand corner please? I didn't look at it too often, but whenever I do, it almost all the times shows the number of points of where I have my stop loss in mind!.. Please enlighten. take care.
Have a good one
JeffIgnored
QuoteDislikedTrue Range (TR) is defined as the greatest of the following:
- The current High less the current Low.
- The absolute value of the current High less the previous Close.
- The absolute value of the current Low less the previous Close.
DislikedTHV3 ATR Pips shows x times the ATR(20) (in this case, 300% or 3x the average true range for the last 20 periods or candles).
You can read more about ATR here:
http://stockcharts.com/school/doku.p...e_true_range_a
Indeed it has been determined that 3 times the ATR(20) is a safe value to set the stops. ATR value can also give you an approximative idea about probable targets on each particular timeframe.Ignored