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THV system, final edition

  • #2,061
  • Jan 9, 2009 12:33am Jan 9, 2009 12:33am
Quoting ikki
Why trading GOLD is so dangerous?
Because it spices up and down faster than you can setup your SL.

It's worse than G/Y.

Ni si quieres piensa de hacer esto
  • #2,062
  • Jan 9, 2009 12:52am Jan 9, 2009 12:52am
I tried my luck on live trading a bit using THV... but ended up taking a loss and will swtich back to demo...
it seems like even on 5 min.. i get too many trading opportunities just by following the rules and they dont work out well.. and when i dont take the trade that one opportunity ends up making pips had i taken that trade...
any one else facing issues like me?

how to get around it?
should i complement some other system with THV?

is there any live mentoring that you guys offer? or someone else offers?
  • #2,063
  • Jan 9, 2009 12:59am Jan 9, 2009 12:59am
Quoting forexhero
I tried my luck on live trading a bit using THV... but ended up taking a loss and will swtich back to demo...
it seems like even on 5 min.. i get too many trading opportunities just by following the rules and they dont work out well.. and when i dont take the trade that one opportunity ends up making pips had i taken that trade...
any one else facing issues like me?

how to get around it?
should i complement some other system with THV?

is there any live mentoring that you guys offer? or someone else offers?
We use an additional candlestick chart where we draw TL's HL's Fibs etc.

You need to see the bigger picture on higher Tf's scaling in and out.

If you take any entry permission you will have no chance to get good results.

See the pivots, trendlines etc and make you a plan where to enter and exit and confirm it with the THV.

Hope that helped a bit
  • #2,064
  • Jan 9, 2009 1:03am Jan 9, 2009 1:03am
Quoting forexhero
is there any live mentoring that you guys offer? or someone else offers?
No, and I don't plan to do it.

That would take valued time where we can make money.

All we do is free and we want to keep it like that.
  • #2,065
  • Jan 9, 2009 1:07am Jan 9, 2009 1:07am
Quoting forexhero
I tried my luck on live trading a bit using THV... but ended up taking a loss and will swtich back to demo...
If you are doing fine on demo and bad on Live you are afraid to lose and that is poison for trading FX.

Take your time and trade demo a while, than start with a micro account and get your pip value from 0.01 higher step by step.

I liked your post, some good things to clear
  • #2,066
  • Jan 9, 2009 1:09am Jan 9, 2009 1:09am
Yes, Ive been looking at 5M, 15M charts and also at the 1H and 4H charts for bigger pictures. I also try to take trades when PA is not around pivots...

However I dont use the additional candlestick chart.

I guess the difference between you guys and me is that you manually calculate your entry and exit points and then wait for confirmation from THV, while I just watch THV and once THV agrees and some other things are clear (like pivots, trend), I take the trade which ends up providing me too many opportunities to trade and from those opportunities I cannot tell the good from the bad ones.

My next question: If you just use THV system to confirm whether to take a trade or not.. how do you actually decide when to take a trade.. i know you've mentioned using TL, HL, fibs etc.. but how does one actually do that? is there a tutorial out somewhere to learn that stuff as well? or some book or something.. im eager to learn this stuff..

It would be super great if someone (or you guys) start making videos to explain this stuff. I can provide the hosting, software to make video and any other thing....

And yet again, thanks cobraforex and all you guys for this very helpful thread and continuing to be an inspiration to me! I read all of your posts keenly and with a lot of interest. Thumbs up!
  • #2,067
  • Jan 9, 2009 1:19am Jan 9, 2009 1:19am
Gonna send you a PM with just one link, try to learn as much as you can from those videos, study yourself and try to forget the fear to lose and you will be fine.

I'm out now, gonna prepare myself for the London session

Quoting forexhero
It would be super great if someone (or you guys) start making videos to explain this stuff. I can provide the hosting, software to make video and any other thing....

And yet again, thanks cobraforex and all you guys for this very helpful thread and continuing to be an inspiration to me! I read all of your posts keenly and with a lot of interest. Thumbs up!
  • #2,068
  • Jan 9, 2009 2:39am Jan 9, 2009 2:39am
Here is one of my charts I use for the method:
Attached Image (click to enlarge)
Click to Enlarge Name: eu - h1_ chart2.gif Size: 24 KB
  • #2,069
  • Jan 9, 2009 7:59am Jan 9, 2009 7:59am
44 pips today with THV

entry on 5M 1.3675 at retest of DP out at 1.3719

anyone else got that trade?

3 days of trading this year and P/L is now +14,8%

patience is the key

btw my broker is frozen right now, cannot trade
  • #2,070
  • Jan 9, 2009 8:45am Jan 9, 2009 8:45am
Quoting cobraforex
We made those coral 2 and three for the :nerd:s.


They only differ on the thickness

lol..o i c..

thanks for your fast reply...
  • #2,071
  • Jan 9, 2009 9:59am Jan 9, 2009 9:59am
80 pips after 2 trades on EU after the most recent gyration. In at 1.3622 and out at 1.3525 .
Thanks, Cobra. A great system.
  • #2,072
  • Jan 9, 2009 10:25am Jan 9, 2009 10:25am
Quoting Inquisitor
80 pips after 2 trades on EU after the most recent gyration. In at 1.3622 and out at 1.3525 .
Thanks, Cobra. A great system.
Thanks for the kind words.

BTW: there is a rating system where you can show others how good or bad you calify the system and the information you get here in the thread.

It's on the right upper corner in every page called Ratings.

Make use of it, other traders will thank you because they will know if it' make sense to take the time reading the thread, thanks.
  • #2,073
  • Jan 9, 2009 12:18pm Jan 9, 2009 12:18pm
A question to the users of this system.

What currency pair had the most success with this system with low spreads?

Right now i trade the E/J 5min. On the Eur/usd I trade the 15 minute chart, because the 5m has too many false breakouts. On the demo i keep getting stopped out on that pair.

Right now i'm experimenting with the eur/aud with really good results.

your thoughts
  • #2,074
  • Jan 9, 2009 12:39pm Jan 9, 2009 12:39pm
Quoting cobraforex
BTW: there is a rating system where you can show others how good or bad you calify the system and the information you get here in the thread.
Attached Image (click to enlarge)
Click to Enlarge Name: temp.jpg Size: 27 KB


5 star from me
Manage your risk accordingly and you're half done your home work.
  • #2,075
  • Jan 9, 2009 1:09pm Jan 9, 2009 1:09pm
Quoting sed34
A question to the users of this system.

What currency pair had the most success with this system with low spreads?

Right now i trade the E/J 5min. On the Eur/usd I trade the 15 minute chart, because the 5m has too many false breakouts. On the demo i keep getting stopped out on that pair.

Right now i'm experimenting with the eur/aud with really good results.

your thoughts
I didn't have my best day today as well but could fill the book.

I'm only trading E/U, E/Y and A/U.

Going with the rules 100% you should be fine although there are always situations that get you stopped out but we need to cover them with a good MM.

May you post a trade to analyze what went wrong?

personalme, thanks for your vote
  • #2,076
  • Jan 9, 2009 1:11pm Jan 9, 2009 1:11pm
Quoting sed34
A question to the users of this system.

What currency pair had the most success with this system with low spreads?

Right now i trade the E/J 5min. On the Eur/usd I trade the 15 minute chart, because the 5m has too many false breakouts. On the demo i keep getting stopped out on that pair.

Right now i'm experimenting with the eur/aud with really good results.

your thoughts
I only trade E/U. It has consistently lower spreads and highest liquidity. Keep us informed on how well you do with other currencies as most here trade the E/U, and we would be glad to know how THV does with other currencies.
  • #2,077
  • Jan 9, 2009 1:24pm Jan 9, 2009 1:24pm
Hi CobraForex, I wanna just ask you, May I use THV V2 at the TF M15 with default settings?
  • #2,078
  • Jan 9, 2009 1:50pm Jan 9, 2009 1:50pm
Quoting cobraforex
I didn't have my best day today as well but could fill the book...
It's so funny how that works. I had my best day today but it was partly luck. I got in on the big down move. I think you had your best days earlier this week but those were my worst days (but profitable). Go figure...
  • #2,079
  • Jan 9, 2009 1:59pm Jan 9, 2009 1:59pm
Quoting fxairy
Hi CobraForex, I wanna just ask you, May I use THV V2 at the TF M15 with default settings?
Good question.

Yes, but in TF's higher than 5M I would work with the THV hull replacement that you find in the optional folder in the first page.

I will update that in the manual as soon as possible.
  • #2,080
  • Jan 9, 2009 2:04pm Jan 9, 2009 2:04pm
Quoting TradeWell
It's so funny how that works. I had my best day today but it was partly luck. I got in on the big down move. I think you had your best days earlier this week but those were my worst days (but profitable). Go figure...
My problem was that I was in a meeting when the bear move started and an entry after a 100+pip move I saw to risky.

You can't get all the pips.
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