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THV system, final edition

  • #1,421
  • Dec 19, 2008 12:53am Dec 19, 2008 12:53am
Quoting traderathome
Now lets see if it moves up to trendline and sets up for another move down.....
...making progress to trendlines.....
Attached Image (click to enlarge)
Click to Enlarge Name: ej 1 min #4 on 12-19-2008.gif Size: 21 KB
  • #1,422
  • Dec 19, 2008 12:54am Dec 19, 2008 12:54am
Quoting traderathome
...making nice progress down.....
It's heating up the engine

Do you notice this false break of the Coral in your E/Y chart?

I'm watching this kind of PA since several days in E/u as well, here a screen shot from today. I added the hull replacement for better view.

I think those PA's need to be excluded of the rule.
Attached Image (click to enlarge)
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  • #1,423
  • Dec 19, 2008 12:58am Dec 19, 2008 12:58am
Does this retracement worry anyone or is it just natural?? As long as we dont break 4325 we are ok right?
  • #1,424
  • Dec 19, 2008 1:02am Dec 19, 2008 1:02am
Quoting traderathome
...making progress to trendlines.....
Now at trendlines.....lets see what it does.
Attached Image (click to enlarge)
Click to Enlarge Name: ej 1 min #5 on 12-19-2008.gif Size: 22 KB
  • #1,425
  • Dec 19, 2008 1:05am Dec 19, 2008 1:05am
Quoting weswes
Does this retracement worry anyone or is it just natural?? As long as we dont break 4325 we are ok right?
Only trade what you see on the chart together with the rules and you will be almost ALWAYS ok.
  • #1,426
  • Dec 19, 2008 1:08am Dec 19, 2008 1:08am
Quoting traderathome
Now at trendlines.....lets see what it does.
not looking good for us shorts..im kicking myself for not taking profits at the bottom of 4205 range!!!

could just be a knee jerk reaction to the BOJ cutting rates too...this should weaken the JPY which will str. the EUR and the USD by default??

so why would this weakend the USD?? When USD cut rates we saw massive weakening in the USD compared to JPY..Why when JPY cuts rates would they appreciate?
  • #1,427
  • Dec 19, 2008 1:21am Dec 19, 2008 1:21am
Quoting traderathome
Now at trendlines.....lets see what it does.
Nice channel on 5 chart.....PA looks weak. It could cough up another leg down....
Attached Image (click to enlarge)
Click to Enlarge Name: ej 5 min #1 on 12-19-2008.gif Size: 28 KB
  • #1,428
  • Dec 19, 2008 1:25am Dec 19, 2008 1:25am
Quoting weswes
not looking good for us shorts..im kicking myself for not taking profits at the bottom of 4205 range!!!

could just be a knee jerk reaction to the BOJ cutting rates too...this should weaken the JPY which will str. the EUR and the USD by default??

so why would this weakend the USD?? When USD cut rates we saw massive weakening in the USD compared to JPY..Why when JPY cuts rates would they appreciate?
There are times when PA ignores "logic".....central bank and large hedge fund traders need to make their weekly allotment of money, so they just whipsaw it around to do so, sometimes contrary to any logic some might be trying to apply. The only logic is .....they have to keep it moving if they are going to make as much money this week as they did last week!
  • #1,429
  • Dec 19, 2008 1:37am Dec 19, 2008 1:37am
Quoting traderathome
Nice channel on 5 chart.....PA looks weak. It could cough up another leg down....
A break of this support line could be the start of a run down.....have to watch it.
Attached Image (click to enlarge)
Click to Enlarge Name: ej 1 min #6 on 12-19-2008.gif Size: 26 KB
  • #1,430
  • Dec 19, 2008 1:45am Dec 19, 2008 1:45am
  •  Denver
  • | Joined Nov 2008 | Status: Commit, then figure it out | 9 Posts
Quoting cobraforex
Yes Denver that is almost done, The problem is that Mrs. Cobra and my bloody eye doc took me to make vacation.

Let me see if I can manage that during the weekend.
Great. Looking good so far...no hurry. I was just curious because I do use it in conjunction.
  • #1,431
  • Dec 19, 2008 1:46am Dec 19, 2008 1:46am
Quoting traderathome
A break of this support line could be the start of a run down.....have to watch it.
...consolidation....taking up time to take on positions before planned move, imho.....but, we just have to wait and see.
Attached Image (click to enlarge)
Click to Enlarge Name: ej 1 min #7 on 12-19-2008.gif Size: 25 KB
  • #1,432
  • Dec 19, 2008 1:50am Dec 19, 2008 1:50am
Quoting traderathome
...consolidation....taking up time to take on positions before planned move, imho.....but, we just have to wait and see.
...getting some movement. Lets see if it breaks below trendline....
Attached Image (click to enlarge)
Click to Enlarge Name: ej 1 min #8 on 12-19-2008.gif Size: 26 KB
  • #1,433
  • Dec 19, 2008 1:56am Dec 19, 2008 1:56am
  •  Denver
  • | Joined Nov 2008 | Status: Commit, then figure it out | 9 Posts
Quoting traderathome
...getting some movement. Lets see if it breaks below trendline....
not looking good...
  • #1,434
  • Dec 19, 2008 2:02am Dec 19, 2008 2:02am
Quoting traderathome
...getting some movement. Lets see if it breaks below trendline....
Has not broken down thru trend line, but neither has it made it up thru support/resistance line......still could give a run down.
Attached Image (click to enlarge)
Click to Enlarge Name: ej 1 min #9 on 12-19-2008.gif Size: 24 KB
  • #1,435
  • Dec 19, 2008 2:07am Dec 19, 2008 2:07am
Quoting traderathome
Has not broken down thru trend line, but neither has it made it up thru support/resistance line......still could give a run down.
Ok, at trendline. Now lets see what happens...
Attached Image (click to enlarge)
Click to Enlarge Name: ej 1 min #10 on 12-19-2008.gif Size: 25 KB
  • #1,436
  • Dec 19, 2008 2:15am Dec 19, 2008 2:15am
Quoting traderathome
Ok, at trendline. Now lets see what happens...
Time for a break, been on this for the last 100 pips down. Good trading to all.
  • #1,437
  • Dec 19, 2008 3:54am Dec 19, 2008 3:54am
i had a set up brewing on the 5 minute chart last nite and as i was waiting i caught up on my reading in this thread. while i was reading i remembered someone saying to look at the 1 minute for entry. i clicked over to the 1 minute chart to check the rules against that chart and they had been met several candles ago and the 5 minute chart had not had the t3 cross the coral yet. should i have taken the trade when the 1 minute met all the rules and let the 5 minute catch up or was it right to let the 5 minute meet the rules and loose pips and possibly retrace on me? here is an example from this morning after the big run down.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 5 minute.gif Size: 26 KB
  • #1,438
  • Dec 19, 2008 4:07am Dec 19, 2008 4:07am
Quoting maneddi
i had a set up brewing on the 5 minute chart last nite and as i was waiting i caught up on my reading in this thread. while i was reading i remembered someone saying to look at the 1 minute for entry. i clicked over to the 1 minute chart to check the rules against that chart and they had been met several candles ago and the 5 minute chart had not had the t3 cross the coral yet. should i have taken the trade when the 1 minute met all the rules and let the 5 minute catch up or was it right to let the 5 minute meet the rules and loose pips and possibly...
IM glad you caught this too, as did I...worth staying up all night for. I didnt close out even though the signal went green, i figuring it will do a second leg like yesterday...if not I'll just let my profit ride I see alot of down-potential on the 4H MACD...

I actually shorted another load when this green retracement just turned purple again at 1.4120, instant drop of 30pips, moved SL to break even
  • #1,439
  • Dec 19, 2008 4:47am Dec 19, 2008 4:47am
Quoting cobraforex

I wouldn't trade it.
This was a ranging market and you almost never get an entry permission.
The coral cuts (filters) those trades.
Cobra: Maybe when you get back you can elaborate. I would really appreciate that. Don't worry, I'll remind you.

I did not quite understand the coral cuts because it gave some indications to trade but they were all false.

I am going to trade it again and look for visual indications...

Thanks,
Cashmeer
Deprive a man of everything and you give him nothing to lose.
  • #1,440
  • Dec 19, 2008 5:15am Dec 19, 2008 5:15am
Quoting cashmeer
Cobra: Maybe when you get back you can elaborate. I would really appreciate that. Don't worry, I'll remind you.

I did not quite understand the coral cuts because it gave some indications to trade but they were all false.

I am going to trade it again and look for visual indications...

Thanks,
Cashmeer
Momentum can help filter out some trades also. If the price action is lazy while crossing the coral its a good indication to me that there is really no momentum for a large enough move to justify the risk.
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