Hi all, can someone please explain how important ADRLowLine is as resistance (price bounced of it after breaking 200 EMA on daily chart)? I'm using MissPips raibow template together with THV4 and it works really well.
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DislikedHello Mihailo
Very good trades,
Im impressed with your trades
All trades done with THV4 ?
Regard'sIgnored
DislikedHello everyone,
Hope you're all doing well today. I had 3 trades already finished this morning for the NY session. I don't trade within 30 minutes before news release, and within 20 minutes after the news release, so with this 50 minutes of free/break time, I'll post these trades here in case some of you also caught it.
Note: The first vertical red line I drew (from the left) was the candle I entered the trade at the opening of this candle, that's why it might look a bit far away from the Trix and Laguerre confirmation signals, but it was entered...Ignored
DislikedHi,
I am new to this THV thread and crawling the previous threads.
One thing I notice from your trade is, the risk/reward ratio is too high. What do you think?
Regards
WilsonIgnored
DislikedHello everyone,
Hope you're all doing well today. I had 3 trades already finished this morning for the NY session. I don't trade within 30 minutes before news release, and within 20 minutes after the news release, so with this 50 minutes of free/break time, I'll post these trades here in case some of you also caught it.
Note: The first vertical red line I drew (from the left) was the candle I entered the trade at the opening of this candle, that's why it might look a bit far away from the Trix and Laguerre confirmation signals, but it was entered...Ignored
DislikedI might say OK with 3 candle distance is only on M1 confirmation trades,
What would you consider to be a M1 confirmation ?Ignored
DislikedHi all,
I'd like to share an improvement I made to the MTF trix.
What I did was to create a histogram that shows the distance
between the fast and slow trix. You can judge this
by eye but it's easier with a histogram. What this does
is give you a heads up that the trend is running out of steam
when the distance between the two narrows (or picking up
steam when it widens) before the trix actually changes color.
In the screenshot below you can see a good example of a heads
up that the uptrend that the rainbow is starting to show is not
going to...Ignored
DislikedTHANK YOU very much for these efforts and desire to improve things!
So, bigger is the volume of the histogram, bigger is the probability to have success in the trade? I did not understand very well how you mean to use the histogram to recognize false signals. Also looking for divergence between PA and histogram and correlations with the histogram color?
Thank you for your time!Ignored
DislikedYou're welcome. I don't have rules for it yet.It's just to show
graphically what a lot of us look for anyway - the spread
between the fast and slow trix widening and narowing. In general
it's better to get into a trend as the spread between the two is still
widening. When you see the spread between the two start to narrow,
you have to be a little suspicious entering at that point.
For example, if you look at the long trix cross on the one min chart I posted, between the two red bars it looks ok. 5m trixes are both green and not oversold, rainbow...Ignored
DislikedHello everyone,
Hope you're all doing well today. I had 3 trades already finished this morning for the NY session.........
.....
The first trade was a Euro M1 confirmation trade,
Entered @1.4346
TP @1.4356
SL @1.4331
TP was reached for +10 pips.Ignored
DislikedMihailo, I love when you post your results. It really shows just how powerful the THV is when traded correctly and gives guys like me encouragement to keep at it .
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DislikedAwesome trade record Mihailo!Each person has their own style of trading that they are comfortable with, I won't be able to survive mentally with Mihailo's trading style, trading without SL and allowing it to float at times to 3 digit pips in the negative, my mind won't be able to handle that. ^^" The last time I tried doing that is for a +100 pips target, that same trade went against me first by around -500 pips, it ended up winning with +100 pips, but I swear after that I'll never want to go through something like that again, I almost...
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