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THV system, final edition

  • #1,061
  • Dec 10, 2008 9:55am Dec 10, 2008 9:55am
Quoting sten
grüße aus der alten Heimat...
Please, to the respect to all international traders only write english in the thread. Any other language that I manage can be used in PM's.
Thanks

Sten was sending me a hello from Germany.

Hope you get setup everything soon and wellcome to the thread Sten
  • #1,062
  • Dec 10, 2008 9:59am Dec 10, 2008 9:59am
Quoting cashmeer
I just witnessed what you meant. I noticed that the 1 hr and the 4 hr had just retested that same resistance and I got in THV entry area after the break of the 1 min trendline. Good for 17 pips... Actually I shorted at 130000 and TP at 1.29825, it continued to 1.29700...

Great strategy !!!
You see it's easy when you know it.

With the time you will manage all this just like driving a car and do those things automaticly, than will come the point that FX is boring because you know how things work and you only need to babysitt the monitors waiting for the right moment to enter.
  • #1,063
  • Dec 10, 2008 12:38pm Dec 10, 2008 12:38pm
Hi Cobra,

How many currency pairs you recommend to trade at the same time?

Thanks,,


Saludos
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #1,064
  • Dec 10, 2008 12:53pm Dec 10, 2008 12:53pm
Quoting ikki
Hi Cobra,

How many currency pairs you recommend to trade at the same time?

Thanks,,


Saludos
I know some traders that use to trade up to 10 pairs and move huge accounts but I don’t want to be in their skin.

I primary trade the E/U and additional the A/U and E/Y.

It depends of the equity of your account and your ability to follow all the moves and last not least the equipment that you use (quantity of screens).

And aware, you might be able to manage that on a Demo account for a while but when it comes to risk your hard earned funds it’s another story.

Best to start is with one pair, for example the E/U.
  • #1,065
  • Dec 10, 2008 5:52pm Dec 10, 2008 5:52pm
I think that it's better to specialize in one or two pairs to be able to grasp fully their own characteristics and style of Price Action, however you can do that study individually on demo for each of the pairs you are interested in. Unless you use a pure mechanical system that doesn't involve your direct decision, or use very long timeframes (and have a huge equity balance) trading on discretion, even with strict rules, with so many pairs can become a really stressful task.
  • #1,066
  • Dec 11, 2008 2:00am Dec 11, 2008 2:00am
Triangles and ellipses are some of the chart objects in MT4. My question is how do you make them large enough to see? When first selected, they are just itsy bitsy dots on the chart......hardly visible. How does the user enlarge them enough to be of use? Seems to me they need to be about 100,000 times bigger than they are!
  • #1,067
  • Dec 11, 2008 2:11am Dec 11, 2008 2:11am
For a triangle, spot the three points that form it, with enough separation so to see the object thereafter (click and a cross will appear in the place, then after the third point is clicked, the triangle appears, and you can resize it by doubleclicking it and moving its points).

For an ellipse, click and drag in a single motion, to an appropriate width, it should appear more or less round when you release the mouse, however, sometimes it appears as a line but you can see its points (it has 5, center and 4 "sides") so you can drag from there if needed to resize it.

If you already have the itsy bitsy point and can see it, you can also drag from there (doubleclick it and drag). But the immediate drag is better.
  • #1,068
  • Dec 11, 2008 2:53am Dec 11, 2008 2:53am
good for 40+ pips...
Attached Image (click to enlarge)
Click to Enlarge Name: 5 min - eur - usd - 12-11.jpg Size: 152 KB
Deprive a man of everything and you give him nothing to lose.
  • #1,069
  • Dec 11, 2008 3:04am Dec 11, 2008 3:04am
Now that we are going the other way on EUR/USD...is it really only useful to draw horizonatal resistance trendlines...that's all I can really see.

Moreover, one thing I did not get about fibs, is one supposed to keep extending the fib up as the candle grows (not as it is growing) but if a new candle forms higher than the previous, do you just extend the fib up?

I really never got my head around fibs. I understand them conceptually but not how to use them in practice.

Thanks,
Cashmeer.
Attached Image (click to enlarge)
Click to Enlarge Name: analysis 4hr 12-11.gif Size: 31 KB
Deprive a man of everything and you give him nothing to lose.
  • #1,070
  • Dec 11, 2008 3:24am Dec 11, 2008 3:24am
I personally draw fibs taking the swing high and swing low.
If there is continuation of a move, I adjust periodically the fib tool.
It also depends on the timeframe, there are fibs I draw on past swings (monthly - weekly - daily) and they remain there fixed on the chart, the "movable" ones are the intraday swings.
  • #1,071
  • Dec 11, 2008 8:01am Dec 11, 2008 8:01am
Hi, Cobra,

I think we need an alert to show red trix cross 0 line, and an an alert to show hull change color, will the V2 have these features? thanks.

Lily
  • #1,072
  • Dec 11, 2008 8:51am Dec 11, 2008 8:51am
Quoting whitelily
Hi, Cobra,

I think we need an alert to show red trix cross 0 line, and an an alert to show hull change color, will the V2 have these features? thanks.

Lily
I believe there will be a hull alert but I don't know about a Trix alert.
  • #1,073
  • Dec 11, 2008 9:21am Dec 11, 2008 9:21am
Quoting whitelily
Hi, Cobra,

I think we need an alert to show red trix cross 0 line, and an an alert to show hull change color, will the V2 have these features? thanks.

Lily
I was looking for that in the net since a week or so but couldn't find any zero cross alert for Trix.

Let's finish the work on the V2 version and I will make a coding request in the programming section of FF.
  • #1,074
  • Dec 11, 2008 9:45am Dec 11, 2008 9:45am
I was trading since yesterday the new V2 in live, there was no permission to go short since now, a run of 300+ pips till now and still running. You have permission to go only long above the new hull.

I'm posting here a chart but only for information, please still don't ask for details. It's only that you guys see that we are working hard on the V2.

I think we are ready to release that version on next tuesday or wednesday for download.
Attached Image (click to enlarge)
Click to Enlarge Name: 5m11.gif Size: 33 KB
  • #1,075
  • Dec 11, 2008 9:56am Dec 11, 2008 9:56am
eagerly waiting for the version 2


Regards
Simple
Knock at the sky and feel the thunder
  • #1,076
  • Dec 11, 2008 10:41am Dec 11, 2008 10:41am
Quoting cobraforex
I was trading since yesterday the new V2 in live, there was no permission to go short since now, a run of 300+ pips till now and still running. You have permission to go only long above the new hull.

I'm posting here a chart but only for information, please still don't ask for details. It's only that you guys see that we are working hard on the V2.

I think we are ready to release that version on next tuesday or wednesday for download.
Hi, Cobra,

The V2 looks so nice, I am looking forward to using that. thanks.

Lily
  • #1,077
  • Dec 11, 2008 11:41am Dec 11, 2008 11:41am
Quoting cobraforex

I think we are ready to release that version on next tuesday or wednesday for download.
Cobra, man, that is so excellent looking. We need to give you all some sort of an award or something. I think we should make a plaque and send one to each of y'all.

What can we do to help. I feel useless !!!

Give me something to do...delegate some work this way...you want me to source some cheap grain for your chickens??? I can do that...
Deprive a man of everything and you give him nothing to lose.
  • #1,078
  • Dec 11, 2008 11:50am Dec 11, 2008 11:50am
Quoting whitelily
Hi, Cobra,

The V2 looks so nice, I am looking forward to using that. thanks.

Lily
You will love it, our main objective is to make trading more secure and have the chart more clear, even that we added 3 indicators and took off one

Best you can do is making your pips on V1 till we release V2, thanks for the intention, the THV developement team (5 traders) are working hard to get all well done.

Thanks to the help of Traderathome we could also re-design the analysis chart that will be released at the same moment.
  • #1,079
  • Dec 11, 2008 12:01pm Dec 11, 2008 12:01pm
Hi Cobra - what MT4 charts are you using? (I use FXDD and are having connection problems) Would make sense for me to use the same as you. Thanks.
  • #1,080
  • Dec 11, 2008 12:04pm Dec 11, 2008 12:04pm
Quoting cashmeer
Cobra, man, that is so excellent looking. We need to give you all some sort of an award or something. I think we should make a plaque and send one to each of y'all.

What can we do to help. I feel useless !!!

Give me something to do...delegate some work this way...you want me to source some cheap grain for your chickens??? I can do that...
Thanks Cashmeer, I love design and harmony that is what the new template will show.

It will be a easy to manage and good looking workspace.

The best reward will be that you all make a huge ammount of pips in the future

We have about 200 of those chickens running around, but they all end in the kitchen.
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