Attachments: THV system, final edition

THV system, final edition

#2,181
Jan 13, 2009 2:54pm Jan 13, 2009 2:54pm

Gofer Pips
Joined Jul 2008 | Status: "Not all information is beneficial. | 1,724 Posts

Quoting cobraforex

Disliked

Gofer, try this one, it was my beta test version

Ignored

I will try this when I get home, I am at the tooth factory right now!
Thank you buddy!

#2,182
Jan 13, 2009 2:55pm Jan 13, 2009 2:55pm

sed34
| Joined Jul 2008 | Status: Clear Cut System Trader | 1,111 Posts

i do like the coral as support/resistance

but it could be a bottoming effect

#2,183
Jan 13, 2009 3:01pm Jan 13, 2009 3:01pm

cobraforex
Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts

Quoting sed34

Disliked

two losing trades. i need to find some other pairs.

Ignored

No good time to trade now, once the London session finished I close my hardcore account platform and only play with the mini, getting some cigarrete funds.

#2,184
Jan 13, 2009 3:03pm Jan 13, 2009 3:03pm

cobraforex
Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts

Quoting Gofer Pips

Disliked

I will try this when I get home, I am at the tooth factory right now!
Thank you buddy!

Ignored

Ok, let me know if it works when you get back to the Pip factory.

#2,185
Jan 13, 2009 3:16pm Jan 13, 2009 3:16pm

cobraforex
Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts

Quoting SpecialEd

Disliked

Any chance of a refund?

Ignored

Here you have them, take as much as you need

Attached Image

#2,186
Jan 13, 2009 3:25pm Jan 13, 2009 3:25pm

karun
| Joined Dec 2008 | Status: Trader | 587 Posts

All-

I understand that SL depends on the TF being traded, say you might have a different SL for 1M, 5M and 15M etc,. When we bring MM in, I get confused. We say we dont want to risk more than 2%, does that mean that you will only trade in TF which can fit your MM?

Also what is the best way to calculate a typical stop loss to set?

Thanks

#2,187
Jan 13, 2009 3:42pm Jan 13, 2009 3:42pm

SpecialEd
Joined Jul 2008 | Status: Trader | 1,722 Posts

Quoting cobraforex

Disliked

Here you have them, take as much as you need

Ignored

Another reason why the THV system/thread is just THE GREATEST. You tha man Cobra.

Up or down, gimme a ticket

#2,188
Jan 13, 2009 3:46pm Jan 13, 2009 3:46pm

SpecialEd
Joined Jul 2008 | Status: Trader | 1,722 Posts

Quoting karun

Disliked

All-

I understand that SL depends on the TF being traded, say you might have a different SL for 1M, 5M and 15M etc,. When we bring MM in, I get confused. We say we dont want to risk more than 2%, does that mean that you will only trade in TF which can fit your MM?

Also what is the best way to calculate a typical stop loss to set?

Thanks

Ignored

With the calculator that I got from Cobra several months ago, I choose Account Balance, Risk%, Current Price and number of PIPs for maximum Stop Loss. The calculator/spreadsheet then recommends a lot size. If you use similar, then I guess you would enter a bigger SL number for bigger timeframe; then you look at the recommended lot size and decide if it's worth your while to trade on that TF.

Hope this makes sense.

Up or down, gimme a ticket

#2,189
Jan 13, 2009 3:46pm Jan 13, 2009 3:46pm

cobraforex
Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts

Quoting karun

Disliked

All-

I understand that SL depends on the TF being traded, say you might have a different SL for 1M, 5M and 15M etc,. When we bring MM in, I get confused. We say we dont want to risk more than 2%, does that mean that you will only trade in TF which can fit your MM?

Also what is the best way to calculate a typical stop loss to set?

Thanks

Ignored

Visit my website, found in my profile, there is a FX calculator that you can download.

Also doblece was posting about this some pages ago.

#2,190
Jan 13, 2009 3:48pm Jan 13, 2009 3:48pm

SpecialEd
Joined Jul 2008 | Status: Trader | 1,722 Posts

For the previous poster, here is the calculator that I use. See attached.

Attached File(s)

OrderSizeCalculator.xls 24 KB | 787 downloads

Up or down, gimme a ticket

#2,191
Jan 13, 2009 4:17pm Jan 13, 2009 4:17pm

karun
| Joined Dec 2008 | Status: Trader | 587 Posts

Quoting karun

Disliked

Also what is the best way to calculate a typical stop loss to set?

Ignored

Thanks to SpecialEd & Cobraforex for the excel.

I need some help in this. Is there a way to identify a typical stop loss to set for a trade in a specific TF?

Thanks

#2,192
Jan 13, 2009 4:30pm Jan 13, 2009 4:30pm

cashmeer
| Joined Nov 2008 | Status: Trader | 781 Posts

I'm sure they will have a better answer...sometimes I think you'll find yourself using a stoploss based on the chart, above or below a level of S/R and or a trendline and not a fixed amount of pips...

why let a trade go against you a full 2% or 20 pips, whatever the amount, if the chart is clearly telling you at 1/2 that amount that the trade is a loser

and sometimes a trade will require a S/L that we may not be able to afford...

...here is an example of what I did today...

Attached Image (click to enlarge)

Click to Enlarge

Name: thv 2 - 5.gif
Size: 42 KB

Deprive a man of everything and you give him nothing to lose.

#2,193
Jan 13, 2009 4:40pm Jan 13, 2009 4:40pm

PipsRider
| Joined Jul 2006 | Status: Respect and Honor ! | 397 Posts

Quoting cobraforex

Disliked

No good time to trade now, once the London session finished I close my hardcore account platform and only play with the mini, getting some cigarrete funds.

Ignored

Hi Cobra, do you mean you begin your trading day when London open ?
Thanks
Luk