THV System Trades & Patterns Thread

Interesting

At the moment exact at 102.00

And secret lies Here
and Round nr.

Trade update. On H1 chart Price closed under D S2 witch should mean that Price
can move also to S3. Only Problem is 50 Fibo witch is realy strong S or R most
of the times. If it breaks it i surely see it moving to S3. And there where also strong move through W Pivot.

Lets sit tight and wait..

Closed my Short trade after it crossed 5 SMA at 101,54 +64 pip

GBPUSD is holding just above 1.6000, but on the H1 charts it seems Trix suggests further down moves are likely...same for Stochiastics. Will wait until it breaks through this major psychological barrier, but for now I'm tempted to buy into the short bias.

Loved the EURUSD move this morning...and the obviously correlated counter-move in USDCHF. The tube to work got stuck this morning though, so I missed half of that move.

Hi , I missed that short fully. My alarm clock didnt want cooperate with me. That move was bounch from H4 5 SMA.

But now im Short from 101.28 because R on 101.35. Bad thing for me is
that 50 Fibo is Still holding on but on H4 Price is belove 5 SMA
and 20 MA.

Ok Price moved thorough D1 moved my SL to BE.

Right now Price is near 38.2 Fibo and 100.65 line wich is taken support from
D or W Chart.

But im waiting Price to move at least to M Pivot and W S1.(100.62-100.56 zone)

For people trading on the H1 or higher timeframes, I found a pretty cool way to set stop losses:

Exit trades once the majority of the candle BODY (not just the wick!!) breaks through the 5 EMA (shift 3!) in the opposite direction of your trade.

What you'll notice is that some trades might go against you because smart money has fun with their stop loss hunting, but it mostly falls back after a few minutes of that crap. Having great success with this so far as it allows me to stay in trades longer without falling pray to their annoying stop loss hunting. In the past that crap kicked me out of trades.

Those annoying trend interrupting spikes happen mostly between 7am-9am, 12pm-1:30pm, and during the Asian open...using London time as a base. Got sick and tired of them so tested a few solutions over the past few days.

I'll post some examples when I get home.

If you want to have a look yourself, check out EURUSD when price dropped steeply just to briefly spike back up to c. 1.2965 before crashing again on the H1 chart. Previously that spike would have kicked me out, but I stayed in the trade which resulted in more pips.

It's pretty fun because you get to see how the smart money messes with the rest of us

I'll have a proper stop loss EA using those settings sometimes later this month...

I have to say Thank You already because i got this idea to use MA from you and it works like a treat.

There isnt anything nicer than not jittering about every small Price move because you have certain way to exit.

Yup, and the cool thing is just like the base system it works on all pairs...well, I think so at least, I'm trading 8 pairs

For more about how the smart money messes with us, check out the "Innercircle Trader" Youtube channel...brilliant videos with a ton of content that's applicable for our system. Also a great source to learn about how to use Fibs in relation to it

Ooh tnx man creat Find! Nice, tonight movie paylist is fully changed for
evening Forex education.

Notice how waiting for the majority of the candle body (not wick) crossing the EMA allows you to capture larger swings...and more pips?

I am actually wrong...if you had exited the trade when price touched the EMA, you would have made 15 pips...yay. Using the other method you'd still be in the trade with over 90pips in profit. Worth it imo

By the way, if you wouldn't require sleep or had an EA using this strategy, you'd be up slightly above 330pips trading EURUSD since 1st October...without a single loss too!!

Forgot to mention, this SL make some of the smaller winners even smaller. So instead of 15 pips you sometimes only gain 7-8 or break even...but I'm mostly after larger breakouts, so that's ok. Backtests showed that overall those breakouts make up for the decrease in some of the smaller gains.

So instead of results like this:

+20
+15
+30
+12
+41
+18

You will get this:

+10
+6
+10
+90
+105
+1

Good trade-off imo

Obviously using H1 charts as an example as I don't trade anything else unless I'm really bored and can't help myself (bad habit, trying to stop that). I will probably use the regular EMA SL (kicks you out when price touches the EMA) during times when moves are shorter and the new version during strongly trending markets and longer moves.

Since i started to do that, i even doubled my pip gains and became much more self confident.
Sometimes i also wait for the Candle to completely close.
As i wrote few week ago here, i love the MA5

btw. thanks guys for your quality posts here.
Have a lot of work at the moment so i dont post so much,
but i see light at the end of the tunnel..

Same here. Also, since I now only enter trades while price is still fairly close to the MA (10-15pips tops), my losses are always fairly small. Just takes discipline to not enter too late just because you're pissed off from missing an opportunity...there's plenty of opportunities, so there's really no reason to force it a trade.

Back and forward testing on demo accounts rocks too before implementing it live. Since forcing myself to back test stuff for c. 2k candles and then letting it run on a demo account for a while I hardly get bothered by losses anymore because I KNOW that strategy works. It's a very robotic way to trade, but it really helped me to "stay sane".

My next goal is to somehow figure out what I could use to signal whether I should use the EMA stop loss or the "majority of candle body" stop loss. Must be some volatility based indicator I guess. The main reason for trying to come up with a signal indicator is that I am working towards full automation. If the strategy works in a non-discretionary way when trading it manually, it should also work with an EA. Should have a working exit EA soon, but the entries are a bit more complex.

Trading EURUSD and EURJPY for 2 months (Aug/Sept) you would have made around 3.9k pips between those 2 pairs...with very few small losses that get balanced out by minor winners. The best month would have been September EURUSD on the H1 charts with 19 trades in total (1 loser of 15 pips). There were an additional 5-6 trades that ended up being +/- 10pips on average, but those happen every month and tend to balance themselves out. Of course that's assuming you're awake 24hrs for 5 days per week...and yeah, that's not realistic because I need my sleep and since I'm human I still enter too late sometimes even though it goes against my own rules. It's the main reason I want to implement it as an EA. Tired of waking up going "damnit, I would have totally taken that trade"

By the way, the EMA trailing stop I use is this one (no6): LINK

PS: Hope your work load eases up a bit soon...pretty hectic on my end too, so it's a bit of a challenge to trade, test stuff, and still focus on my main priority (work & social life).

Funny day...my Damiani volatmeter says "thou shalt not trade" for all but 1 pair (and that one isn't giving me a clear direction), so I haven't entered any positions even though most of the other indicators suggest I should trade. Wise decision so far, no real momentum going I see

Closed my Short trade at 100.78 +50 pips

and im long right now from 100.72 because 6 candles wich moved back from
blue box to above M Pivot and W R1. Also Price is staying above 5 SMA and
20 MA. Fast TRIX ARE already crossed 0 Line and Slow TRIX is moving that way.

I won't enter a EURJPY trade until price breaks through that stubborn H1 fractal resistance level. Damiani's volatmeter shows the green line to be significantly below the red line...which suggest the momentum just isn't there (yet).

By the way, I'm not saying you're wrong. It's just that I started to wait until momentum supports my entries. Helped me a lot in cutting down on "fakeouts".

Yeah ihave also looked at Damiani Volatmeter but doesnt want too many indicators on my chart but it seems to be good .

You cant be wrong in trading you just can be on wrong side of Order Flow and
TRIX is showing me that there is bigger chance for long breakout but lets see
whats happens

Just broke through the H1 fractal resistance level...but given how high Trix and Stochiastics are I doubt it'll go far above 101.20