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THV system, final edition

  • #2,241
  • Jan 14, 2009 9:29am Jan 14, 2009 9:29am
Quoting sed34
man, fuck this shit. i might just go back to stocks. 4 losers in a row. doesn't make any sense. even following the rules everytime. don't get it.
I am very sorry about your losses.
But losing streaks happen.
Even following the rules everytime (or thinking we are).
As weird as this can seem, personal cycles also move in waves, and we as traders are not always responding (physically, emotionally and intelectually) exactly the same.

One of those elements is usually the main leader in our own performance and when declining or at its lowest, will impair decisions that we make: overlooking a warning signal, clouding our analysis, or delaying our reaction time at entry...

In my own case, I've found that the emotional cycle is the one that incides the most on my trading. For everyone it might be different, though emotions are usually the strongest impairment in this field.

When getting the first loser trade, stop and go over all the steps you took, including what happened outside of the trading, thoughts, feelings, mood, etc. If everything seems ok, keep trading. If the next one is also a loser, take a closer look again at all those elements. I usually don't go past the second one and stop trading ASAP. I take some rest for the day and go back to demo so I can evaluate when the streak will end. Or also I check my biorhythm to see where are my cycles at that time. Don't laugh. It's amazing how everything is connected.

Never trade if you are not totally focused and peaceful inside. And above all, NEVER trade for a revenge after a loser.

Also, maybe your stops are too tight?
If you want to post your lost entries maybe we can understand with you what might have happened...
  • #2,242
  • Jan 14, 2009 9:30am Jan 14, 2009 9:30am
i see two potential trade setups occuring now. normally it looks like you can get in. we'll see.
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  • #2,243
  • Jan 14, 2009 9:42am Jan 14, 2009 9:42am
Quoting sed34
i'm not really a fan of EAs, but if it works out then great. As stated on page 1 it is designed as a manual system. i think there are too many factors to look at to automate. besides an alert is already included.
Omniferum only made a new alert indicator to sound when all criteria are met, it is not an EA, as he himself stated.
  • #2,244
  • Jan 14, 2009 9:48am Jan 14, 2009 9:48am
Quoting Omniferum
Comments regarding my indicator would be appreciated, that's more or less what i'm hanging around for so I can tweak it as necessary. Page 148 on this thread if anyone is curious.
Hi, and thanks for trying to help improve the system
I have installed your alert indicator on my M1 chart, will comment after I test it for a while!
  • #2,245
  • Jan 14, 2009 9:48am Jan 14, 2009 9:48am
Quoting doblece
I am very sorry about your losses.
But losing streaks happen.
Even following the rules everytime (or thinking we are).
As weird as this can seem, personal cycles also move in waves, and we as traders are not always responding (physically, emotionally and intelectually) exactly the same.

One of those elements is usually the main leader in our own performance and when declining or at its lowest, will impair decisions that we make: overlooking a warning signal, clouding our analysis, or delaying our reaction time at entry...

In my own case, I've...
i hear what you are saying. I hate it when you stop trading and the pair moves so perfectly. I think its all about timing. maybe the stops are too tight, but from what i observed they have been appropriate, because when i'm wrong the pairs move 40 pip and beyond. If i had a larger stop I would've been screwed further. if you can get in at the right time you'll do great. now i'm too afraid to trade. i see a setup now.
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  • #2,246
  • Jan 14, 2009 9:51am Jan 14, 2009 9:51am
i stayed out. we'll see if it was a winner, but the e/u is going up and the u/j is going up so i stayed out.
  • #2,247
  • Jan 14, 2009 9:53am Jan 14, 2009 9:53am
Quoting doblece
Omniferum only made a new alert indicator to sound when all criteria are met, it is not an EA, as he himself stated.
my mistake
  • #2,248
  • Jan 14, 2009 9:54am Jan 14, 2009 9:54am
I do believe that EUR/USD setup is going to be valid, worth at least 15 pips.

That's just a pat observation though
  • #2,249
  • Jan 14, 2009 9:57am Jan 14, 2009 9:57am
Quoting sed34
i stayed out. we'll see if it was a winner, but the e/u is going up and the u/j is going up so i stayed out.
looks like my analysis was right.
  • #2,250
  • Jan 14, 2009 9:58am Jan 14, 2009 9:58am
Quoting Omniferum
I do believe that EUR/USD setup is going to be valid, worth at least 15 pips.

That's just a pat observation though
what timeframe are you using. i don't see the setup
  • #2,251
  • Jan 14, 2009 9:59am Jan 14, 2009 9:59am
EUR/USD

M5

The setup is coming, at least I can see it pretty much going to form at least the tail end of a rise. Making it worth about 15.

I'm just watching it to see how my indicator reacts
  • #2,252
  • Jan 14, 2009 10:00am Jan 14, 2009 10:00am
Quoting sed34
...I think its all about timing. ....
How very true.

I am struggling with timing right now. Because I am on the West Coast US, my sleep hours are not working out with the best time to trade. If I try to be awake during the best times to trade, my sleep pattern gets off, I get too tired and that's not good when you trade. I am still getting decent pips but could do much better if I could catch more London hours.

The point is, wait until all your cycles (trading hours, emotions, feel for the market, market PA, etc.) are all in sync before you trade.
  • #2,253
  • Jan 14, 2009 10:02am Jan 14, 2009 10:02am
Should perhaps point out that I am utilizing trix above 0 rule, not caring which line has dominance (red/green)

Setup should be valid on 16:05 GMT
  • #2,254
  • Jan 14, 2009 10:10am Jan 14, 2009 10:10am
hey Omniferum, just to be clear. is this how its suppose to look?
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  • #2,255
  • Jan 14, 2009 10:13am Jan 14, 2009 10:13am
Quoting TradeWell
How very true.

I am struggling with timing right now. Because I am on the West Coast US, my sleep hours are not working out with the best time to trade. If I try to be awake during the best times to trade, my sleep pattern gets off, I get too tired and that's not good when you trade. I am still getting decent pips but could do much better if I could catch more London hours.

The point is, wait until all your cycles (trading hours, emotions, feel for the market, market PA, etc.) are all in sync before you trade.
i'm in the US central time. i'm not going to be doing much overnight trading anymore. its bad for your health and doesn't seem to work out for me anyway. the US open and the sydney/jpy hours are better for me. I win 90% of the time. but last night screwed up my percentage.
  • #2,256
  • Jan 14, 2009 10:15am Jan 14, 2009 10:15am
What is the dark blue line on your chart? A moving average?

You seem to have two THV Coral indicators on your chart, any reason as to why?

Otherwise yeah, I personally put the grid on mine (ctrl+g) as it helps me zoom in on things.


Testing the trix rule was the basis for analyzing this trade, trix was heading down prior to the candle set up.

The price is currently testing a support line of 1.3148, we shall see what happens. Should have waited for the bounce/re-test of the new setup being so close to a support line and breaking the cloud.

The trix however seems to be indicating a move back up, at least that is waht i'm inferring from it at the moment. Really sharp decline tends to mean smooth incline, it's still stuffing around the support line so hm. Trix should perhaps be observed
  • #2,257
  • Jan 14, 2009 10:32am Jan 14, 2009 10:32am
Price has re-tracted to candle entry price and shows signs of continuing.

New candle just formed triggering my alarm, trix was met and all other criteria. Candle no longer meets criteria but alarm was met regardless, arrow keeps repainting.

Arrow now seems stable and defined. Previous candle higher highs and price still showing upwards support.



Your bottom color line is the old hull THV, I don't use that. Up to you if you wish to entertain it.

Still no idea what the dark blue line between the coral and the hull is.
  • #2,258
  • Jan 14, 2009 10:33am Jan 14, 2009 10:33am
Quoting doblece
Hi, and thanks for trying to help improve the system
I have installed your alert indicator on my M1 chart, will comment after I test it for a while!
Omniferum:
Now that I've had my coffee, I'll recommend you not to deviate this thread into a discussion of your indicator... I use a 5 decimal broker and it seems to have some issues with the difference in points (I get several arrows in sequence, unlike sed34's chart), and all in all, for any addenda or modification that THV users would want to suggest, it would be better to submit directly through the info to any of us in the development team (Cobraforex, TradeWell, SpecialEd or myself).

This especially because we wouldn't want this thread to become confused and clogged with all sorts of pretty (and why not, useful but maybe redundant) additions to a system that we take much pride in keeping simple and visually clean.

And especially if the indicator or other means is still under testing and refining, older members may have no problem but we wouldn't want new traders to get confused about what is being used, why and how.

I hope you understand, anyway this is my point of view, maybe Cobraforex will want to add his own.

Finally, as to the indicator, I don't see much difference with the already Trix "analyze" alert, and in some places is giving no alerts or late ones.

Any further discussion about it please follow up by PM... and thank you in advance.
  • #2,259
  • Jan 14, 2009 10:35am Jan 14, 2009 10:35am
And there we have it, price shoots up and we are already 15 pips profit.

Ignoring the trix however did not give me any confidence in this. Being so close to a support line and new possible trend formation I perhaps should have waited for a re-test.

Opinions anyone?
  • #2,260
  • Jan 14, 2009 10:37am Jan 14, 2009 10:37am
Quoting Omniferum
Comments regarding my indicator would be appreciated, that's more or less what i'm hanging around for so I can tweak it as necessary. Page 148 on this thread if anyone is curious.

is it possible for it just to trigger once per trade direction? atthe moment it follows the price bar down on a new bar?
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