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THV system, final edition

  • #641
  • Nov 26, 2008 4:14am Nov 26, 2008 4:14am
Quoting freemenn
hi,
what is the TRIX indicator you are using (value 4,4) i cannot find them here around.

thanks a lot
attached.
Attached File(s)
File Type: mq4 TRIX4x4.mq4   4 KB | 1,684 downloads
  • #642
  • Nov 26, 2008 6:31am Nov 26, 2008 6:31am
Quoting traderathome
attached.
thanks!
  • #643
  • Nov 26, 2008 7:39am Nov 26, 2008 7:39am
Quoting mannai70
Cobra,

I was just wondering how do you trade the 1 min TF using the THV, I was just watching the PA on that TF and I found that using the TRIX is probably the best signal because on the 1 min TF you can't really wait for the aqua to cross the hull. Opinions?
You can do it this way, and cobra has mentioned it before. You will get more trade opportunities this way but at a higher risk. I personally do not use it this way but, of course, it can be used any way you want. Just practice on demo first!
  • #644
  • Nov 26, 2008 7:50am Nov 26, 2008 7:50am
Guys, tell me your opinion. At what TF better deal on M1 or on the M5, I traded at the M1, and at M5 but can not choose a time frame. Maybe and M15 will be good? Thanks
  • #645
  • Nov 26, 2008 8:04am Nov 26, 2008 8:04am
Quoting fxairy
Guys, tell me your opinion. At what TF better deal on M1 or on the M5, I traded at the M1, and at M5 but can not choose a time frame. Maybe and M15 will be good? Thanks
It is a very personal decision. You can trade any time frame with the system, although most use 1 and 5 min. It is probably best to time entry with 1 minute, but after that you could let it run on a larger time frame. If you have other tools that usually help you trade in longer TF's, you could use them in conjunction with this system. By the way, I also have a little trouble deciding between the two smaller TF's at times. I would like to try M2, but I think MT4 does not have that capability. Try anything you want, just on demo first!
  • #646
  • Nov 26, 2008 8:37am Nov 26, 2008 8:37am
Quoting TradeWell
It is a very personal decision. You can trade any time frame with the system, although most use 1 and 5 min. It is probably best to time entry with 1 minute, but after that you could let it run on a larger time frame. If you have other tools that usually help you trade in longer TF's, you could use them in conjunction with this system. By the way, I also have a little trouble deciding between the two smaller TF's at times. I would like to try M2, but I think MT4 does not have that capability. Try anything you want, just on demo first!
Hi again
The Question to all members of the forum!
Do you have other tools that usually help you for trading in longer TF's, when you trade by Cobra systems (THV)? In M1 or M5, and may be M15
Thanks!
  • #647
  • Nov 26, 2008 8:51am Nov 26, 2008 8:51am
Is there an indicator/ sound alarm anywhere that will alert me to the cross of the bars?
  • #648
  • Nov 26, 2008 9:19am Nov 26, 2008 9:19am
Quoting fxairy
Hi again
The Question to all members of the forum!
Do you have other tools that usually help you for trading in longer TF's, when you trade by Cobra systems (THV)? In M1 or M5, and may be M15
Thanks!
Today was no good day to trade because of 12 USD related news beside of a Obama speech, that produces indecision of the market. It is always the best to wait until the market reacts on the news to take a trading decision.

Beside of this, the TF depends on your trading style, how many hours you want to spend daily babysitting the monitors etc.

All basic FX knowledge needs to be mastered before trading any system.

Read this : post 75
  • #649
  • Nov 26, 2008 9:23am Nov 26, 2008 9:23am
Quoting QSGra
Is there an indicator/ sound alarm anywhere that will alert me to the cross of the bars?
No, but here is an alert for cross of the T3 lines.
Set the period to 18 and 8.
Attached File(s)
File Type: mq4 t3-TRIX signals.mq4   4 KB | 1,414 downloads
  • #650
  • Nov 26, 2008 11:08am Nov 26, 2008 11:08am
Quoting cobraforex
Today was no good day to trade because of 12 USD related news beside of a Obama speech, that produces indecision of the market. It is always the best to wait until the market reacts on the news to take a trading decision.

Beside of this, the TF depends on your trading style, how many hours you want to spend daily babysitting the monitors etc.

All basic FX knowledge needs to be mastered before trading any system.

[color=black]Read this : [url="http://www.forexfactory.com/showpost.php?p=2352381&postcount=75"][color=#0000ff]post...
Well, Im ready to spend 7-9 hours, daily!!!! But now I'm spend near 4 hours. Of course I trae Cobra's at the Demo account.
But what about TF's?
Dear CobraForex
  • #651
  • Nov 26, 2008 11:40am Nov 26, 2008 11:40am
Quoting fxairy
Well, Im ready to spend 7-9 hours, daily!!!! But now I'm spend near 4 hours. Of course I trae Cobra's at the Demo account.
But what about TF's?
Dear CobraForex
Try it first with the 5M, the 1M is for extreme scalping and needs excelent trading skulls.

Don’t forget to have a candlestick chart open to draw trend lines, HL, S&R Fibs etc.

Don’t trade live until you fully understand the system and have made constantly a good percentage of winning trades in Demo.


Good luck
  • #652
  • Nov 26, 2008 1:26pm Nov 26, 2008 1:26pm
Let’s analyze the today’s trade.

Like I mentioned before, this wasn’t the best day to trade due to the huge amount of USD related news.

We see that we hade a breakout of the lower trend line at the time of the Obama speech, the THV gave us sell signal earlier but I didn’t feel comfort to enter at that time. I took the trade after breakout of the trend line and retest of the MS1 support.
The trend stopped for a moment at S1 but got broken soon to move further to MS2 that was also a previous low that formed an additional support.
I took profit at that level because I didn’t expect a further down move.
The trade made a total of 76 pips.

The PA bounced away from S1 and THV gave a buy signal, the price went up till a previous high (the range is highlighted with the green box on the candle chart) where I took again profit to cash another 32 pips.

You see the importance of observing the candlestick chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: t27h.gif Size: 27 KB
Click to Enlarge Name: t27c.gif Size: 24 KB
  • #653
  • Nov 26, 2008 1:32pm Nov 26, 2008 1:32pm
Quoting cobraforex
Try it first with the 5M, the 1M is for extreme scalping and needs excelent trading skulls.

Don’t forget to have a candlestick chart open to draw trend lines, HL, S&R Fibs etc.

Don’t trade live until you fully understand the system and have made constantly a good percentage of winning trades in Demo.


Good luck
Thanks ) your are so cool
On which TF I should open my pair for draw trend line, fibs levels etc?
CobraForex Plz make for me shablon (MT4) and indicators, for help trading at the longer TF
Thanks )
Juliya!
  • #654
  • Nov 26, 2008 1:39pm Nov 26, 2008 1:39pm
Quoting fxairy
Thanks ) your are so cool
On which TF I should open my pair for draw trend line, fibs levels etc?
CobraForex Plz make for me shablon (MT4) and indicators, for help trading at the longer TF
Thanks )
Juliya!
What you mean is an analysis candlestick template, right?

Give me a little time for that, I'm pretty busy today having several meetings, the trading room is closed for today.

For my opinion the best TF for analysis on day trading is the 15M chart.

Have a good day
  • #655
  • Nov 26, 2008 1:43pm Nov 26, 2008 1:43pm
Quoting cobraforex
Let’s analyze the today’s trade.

Like I mentioned before, this wasn’t the best day to trade due to the huge amount of USD related news.

We see that we hade a breakout of the lower trend line at the time of the Obama speech, the THV gave us sell signal earlier but I didn’t feel comfort to enter at that time. I took the trade after breakout of the trend line and retest of the MS1 support.
[color=black]The trend stopped for a moment at S1 but got broken soon to move further to MS2 that...
Good job! I wouldn't have dared to try. Just not feeling it today. Zero trades so far. But I am doing very well for the month so I'm not in a hurry. Way to squeeze it out cobra!
  • #656
  • Nov 26, 2008 1:53pm Nov 26, 2008 1:53pm
Quoting cobraforex
What you mean is an analysis candlestick template, right?

Give me a little time for that, I'm pretty busy today having several meetings, the trading room is closed for today.

For my opinion the best TF for analysis on day trading is the 15M chart.

Have a good day
Yes
Of course) I will be wait !Thanks !
Im in delight
  • #657
  • Nov 26, 2008 1:55pm Nov 26, 2008 1:55pm
Quoting TradeWell
Good job! I wouldn't have dared to try. Just not feeling it today. Zero trades so far. But I am doing very well for the month so I'm not in a hurry. Way to squeeze it out cobra!
Telling you the truth, I didn’t feel very good with today’s trade but I needed to get my 40 pips daily and there I saw a good chance to get ‘em.
  • #658
  • Nov 26, 2008 2:45pm Nov 26, 2008 2:45pm
If this rolls over, we could get at least another 100 pip move down again, IMHO......
Attached Image (click to enlarge)
Click to Enlarge Name: eu 5 minutes #1 on 11-26-2008.gif Size: 33 KB
  • #659
  • Nov 26, 2008 3:01pm Nov 26, 2008 3:01pm
Quoting traderathome
If this rolls over, we could get at least another 100 pip move down again, IMHO......
I have placed a line at what was support and now is acting as resistance....1.2914.....and note that it is EXACTLY 100 PIPS above MidPivot support MS2. Now, you know these big money boy traders at the Central Banks and Hedge funds JUST LOVE whole numbers! This may be TOO MUCH TEMPTATION for them.........
Attached Image (click to enlarge)
Click to Enlarge Name: eu 5 minutes #2 on 11-26-2008.gif Size: 32 KB
  • #660
  • Nov 26, 2008 3:03pm Nov 26, 2008 3:03pm
Quoting traderathome
If this rolls over, we could get at least another 100 pip move down again, IMHO......
Looking at your chart I noticed a difference in DP. Yours is 2953, cobra's is 2971, and mine is 2982, which matches actionforex.com. I am assuming the difference is in the settings. I use -2, 0 which seems to get it to match the fib pivots on actionforex. Is there a reason you two set yours differently? I know you have gone back and forth with explanations, but in the end shouldn't they match actionforex's pivots?
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