I wanted to show my system to help some struggling traders out and give back to the community since the community has been so good to me and I am a firm believer in you reap what you sow (Galatians 6:7-9). This system is very simple and I encourage you to make it your own and take from it what you want. I will go over the rules which are VERY simple. I customized my template but what I am using is the THV Trix and Coral from the THV system which is located in this forum. Do a quick search and you will find these indicators here
Special thanks to those at THV for posting those wonderful indicators. Your success at this will be determined how patient you are to wait for the BEST set ups and how patient you are to let the market do its thing and run to your targets. It will also take a little time to determine proper support and resistance, which is very simple after you learn it properly. Lets get into the system.
First of all let me explain the psychology behind the system and why I have the rules that I have.
A. I decided I wanted a system that does not go against the trend as it is MUCH more probably that a trend will continue than it will stop and reverse.
B. I wanted a system where I can determine precise entry points and precise exit points. For this reason, I am buying at Support and selling at Resistance in the direction of the market. I can very successfully determine where market will stop and reverse by looking at prior price points, so why not put it in my favor by using these points in the direction that the markets are already traveling?
C. I also wanted to get in when the market BEGINS to head in my direction. Why would I want to try to guess where its going to stop? So I needed some sort of confirmation or indicator that tells me momentum has begun to turn. I have done just that.
So basically, All I am doing here is figuring out where the market is heading and trade in THAT direction, but entering after price begins to bounce off a VERY obvious price point. Its my objective to illustrate this to those reading. Trading is very sensible, simple and fun IF you know what to look for. Markets make much sense and there is really nothing tricky and confusing about it when you understand why its doing what its doing. Now the entry rules:
1. You must be on the 15m, 30m, or 1 hour time frame. I tend to watch the 1 hour for support and resistance although the 15 minute is fine as well. The BEST entries are off of the 15m or 30m. I will also at times go down to the 5m and look for MULTIPLE ENTRIES. More on that in a minute.
2. You MUST MUST MUST be at significant support and resistance and TRADING WITH THE TREND!!!!! These are so critical and if you do not listen to these rules you will FAIL. When I say significant support and resistance you must be talking about an area that was a recent SHELF or double top being retested or triple top or triple bottom or triple top. For example, lets say price is going up and keeps hitting 1.00. Finally price breaks above 1.00 and goes to 1.0050; price then comes back down to retest the 1.00 area. Because the trend is UP you want to go long when you get a signal at that NEW support level which was formerly resistance. You determine the trend by looking at the color of the coral. The coral should be green if you are going long and red if you are going short. The next higher time frame should match also! Otherwise you are not in a valid trend.
3. Stop loss is below the last swing low. Take profit is at last swing high AND AT LEAST equivalent to the stop loss in terms of pips. There is NO RISKING 50 PIPS TO MAKE 25. Your success is by making at least 50 pips. Your risk to reward must be 1:1 or better!!!!!
4. You enter only after getting a green or red arrow with DOTTED (or straight on some occassions) line. The Dotted line is a hidden divergence and telling you the market is oversold or overbought. The straight line is another form of divergence telling you the price and THV is not in sync and something is about to change. The HA candle must also have turned your color. Red if its a sell and green if its a buy.
Remember, you are capitalizing on a retest of significant support which has been broken and now is being retested WITH THE TREND. DO NOT PLACE COUNTER TREND TRADES.
I have been trading for nearly 10 years and this system works on all currencies, commodities, stocks, etc. It works best when you have good support resistance present. I usually will go to the higher time frame to see if there is any divergences as well. For example, if im trading off the 15 minute and a divergence pops up on the 30m or 1 hour (solid line on chart) and says price may be wanting to go the other direction I stay OUT of the trade.
This system is best during the London session and New York Session and I do not recommend trading it out of London Hours.
Hope this helps someone. I have attached pictures to illistrate.
A LITTLE ABOUT ME:
I have been trading for about 10 years and I started off trading penny stocks; I then moved to larger cap stocks and options. Several years ago I met a very successful forex trader and I started trading forex, as there were many pros (vs cons) that the other markets did not offer. I have received teaching from some of the BEST traders in the stock and forex markets; many of whom worked years on the trading floor of the NYSE and other major markets. Some of my mentors were actual market makers, and have taught me the tricks of MM's and how exactly the market works. I quit my very well paying job several years ago to trade FULL TIME and thats exactly what I do. I am a professional trader and TRADING is all that I do for a living. I have tried every system and thing you can imagine in finding my way in trading and I am sharing with everyone here what works the best. I trade about 2 hours a day and I rarely hold positions overnight. I am by nature a very conservative trader and I am fine with only placing 1 - 3 trades a day. QUALITY OVER QUANTITY. I wait for market to tell me what it wants to do and I do not try to GUESS what I think its going to do. My win rate is around 80% and it is not uncommon for me to predict MAJOR market moves before they happen and even tell you exactly where the markets are going and where they will reverse. Markets are DYNAMIC AND VERY PREDICTABLE.
A LITTLE ABOUT THE MARKETS:
The markets often will give signals about what it wants to do before it happens. These are the areas I capitalize on. It's called CONFLUENCE. The more confluence and SIGNS the markets are giving about what it wants to do the higher the chances you have of winning a trade. If I dont see an abnormal amount of signs the market wants to do something I stay OUT of the market. I do trade several different currencies and commodities, basically anything that is moving in a sensible manner. I DO NOT trade markets where there is alot of wicks and up and down (choppy) price action. If markets are not moving in a sensible manner I STAY OUT. Rarely is there a day where a high quality trade set up doesnt appear in my 2 hour time window of trading.
Anyone that has questions or wants clarity on anything please just ask. Im more than willing to HELP and impart the wisdom and knowledge that I have about the markets, money management and anything else that will relate to trading.
HERE ARE THE INDICATORS I AM USING POSTED BELOW! (the three ex4 files and tpl file)
The candles are simly Heiken Ashi Candels that come with any mt4 platform. If for some reason one of those dont show up (my friend had that issue) just download the thv zip file which is posted (V3 (1).zip.
Please keep in mind you will have to go through and delete all indicators on your chart except for the THV3 Coral THICK.ex4 and THV3_T3.ex4 and THV TRIXV4.01 Div.ex4 if you download the zip. Thanks

First of all let me explain the psychology behind the system and why I have the rules that I have.
A. I decided I wanted a system that does not go against the trend as it is MUCH more probably that a trend will continue than it will stop and reverse.
B. I wanted a system where I can determine precise entry points and precise exit points. For this reason, I am buying at Support and selling at Resistance in the direction of the market. I can very successfully determine where market will stop and reverse by looking at prior price points, so why not put it in my favor by using these points in the direction that the markets are already traveling?
C. I also wanted to get in when the market BEGINS to head in my direction. Why would I want to try to guess where its going to stop? So I needed some sort of confirmation or indicator that tells me momentum has begun to turn. I have done just that.
So basically, All I am doing here is figuring out where the market is heading and trade in THAT direction, but entering after price begins to bounce off a VERY obvious price point. Its my objective to illustrate this to those reading. Trading is very sensible, simple and fun IF you know what to look for. Markets make much sense and there is really nothing tricky and confusing about it when you understand why its doing what its doing. Now the entry rules:
1. You must be on the 15m, 30m, or 1 hour time frame. I tend to watch the 1 hour for support and resistance although the 15 minute is fine as well. The BEST entries are off of the 15m or 30m. I will also at times go down to the 5m and look for MULTIPLE ENTRIES. More on that in a minute.
2. You MUST MUST MUST be at significant support and resistance and TRADING WITH THE TREND!!!!! These are so critical and if you do not listen to these rules you will FAIL. When I say significant support and resistance you must be talking about an area that was a recent SHELF or double top being retested or triple top or triple bottom or triple top. For example, lets say price is going up and keeps hitting 1.00. Finally price breaks above 1.00 and goes to 1.0050; price then comes back down to retest the 1.00 area. Because the trend is UP you want to go long when you get a signal at that NEW support level which was formerly resistance. You determine the trend by looking at the color of the coral. The coral should be green if you are going long and red if you are going short. The next higher time frame should match also! Otherwise you are not in a valid trend.
3. Stop loss is below the last swing low. Take profit is at last swing high AND AT LEAST equivalent to the stop loss in terms of pips. There is NO RISKING 50 PIPS TO MAKE 25. Your success is by making at least 50 pips. Your risk to reward must be 1:1 or better!!!!!
4. You enter only after getting a green or red arrow with DOTTED (or straight on some occassions) line. The Dotted line is a hidden divergence and telling you the market is oversold or overbought. The straight line is another form of divergence telling you the price and THV is not in sync and something is about to change. The HA candle must also have turned your color. Red if its a sell and green if its a buy.
Remember, you are capitalizing on a retest of significant support which has been broken and now is being retested WITH THE TREND. DO NOT PLACE COUNTER TREND TRADES.
I have been trading for nearly 10 years and this system works on all currencies, commodities, stocks, etc. It works best when you have good support resistance present. I usually will go to the higher time frame to see if there is any divergences as well. For example, if im trading off the 15 minute and a divergence pops up on the 30m or 1 hour (solid line on chart) and says price may be wanting to go the other direction I stay OUT of the trade.
This system is best during the London session and New York Session and I do not recommend trading it out of London Hours.
Hope this helps someone. I have attached pictures to illistrate.
A LITTLE ABOUT ME:
I have been trading for about 10 years and I started off trading penny stocks; I then moved to larger cap stocks and options. Several years ago I met a very successful forex trader and I started trading forex, as there were many pros (vs cons) that the other markets did not offer. I have received teaching from some of the BEST traders in the stock and forex markets; many of whom worked years on the trading floor of the NYSE and other major markets. Some of my mentors were actual market makers, and have taught me the tricks of MM's and how exactly the market works. I quit my very well paying job several years ago to trade FULL TIME and thats exactly what I do. I am a professional trader and TRADING is all that I do for a living. I have tried every system and thing you can imagine in finding my way in trading and I am sharing with everyone here what works the best. I trade about 2 hours a day and I rarely hold positions overnight. I am by nature a very conservative trader and I am fine with only placing 1 - 3 trades a day. QUALITY OVER QUANTITY. I wait for market to tell me what it wants to do and I do not try to GUESS what I think its going to do. My win rate is around 80% and it is not uncommon for me to predict MAJOR market moves before they happen and even tell you exactly where the markets are going and where they will reverse. Markets are DYNAMIC AND VERY PREDICTABLE.
A LITTLE ABOUT THE MARKETS:
The markets often will give signals about what it wants to do before it happens. These are the areas I capitalize on. It's called CONFLUENCE. The more confluence and SIGNS the markets are giving about what it wants to do the higher the chances you have of winning a trade. If I dont see an abnormal amount of signs the market wants to do something I stay OUT of the market. I do trade several different currencies and commodities, basically anything that is moving in a sensible manner. I DO NOT trade markets where there is alot of wicks and up and down (choppy) price action. If markets are not moving in a sensible manner I STAY OUT. Rarely is there a day where a high quality trade set up doesnt appear in my 2 hour time window of trading.
Anyone that has questions or wants clarity on anything please just ask. Im more than willing to HELP and impart the wisdom and knowledge that I have about the markets, money management and anything else that will relate to trading.
HERE ARE THE INDICATORS I AM USING POSTED BELOW! (the three ex4 files and tpl file)
The candles are simly Heiken Ashi Candels that come with any mt4 platform. If for some reason one of those dont show up (my friend had that issue) just download the thv zip file which is posted (V3 (1).zip.
Please keep in mind you will have to go through and delete all indicators on your chart except for the THV3 Coral THICK.ex4 and THV3_T3.ex4 and THV TRIXV4.01 Div.ex4 if you download the zip. Thanks

Attached File(s)