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THV system, final edition

  • #2,281
  • Jan 14, 2009 1:05pm Jan 14, 2009 1:05pm
Quoting sed34
ok. here is a trade i'm going to get into using V2 entry rules. when the trix crosses zero i'm going to take it, because it is above the cloud and coral. seems like a retest. i will also look at the m1 for the entry to the 5m

let me know what you think
thanks
I'm repeating here what I answered to you on PM so it might be of help for everyone, or discussed if wrong view.

It seems that you are predicting before the setup happens... it is a good idea to be on alert before the entry moment comes, but it can bcome a hindrance if then you act upon what you thought was going to happen and don't review the setup in detail when it effectively occurs.

At the moment of the picture taken, red Trix is still below zero, the Old Hull (as you are using it I assume you are also taking it into account for your decisions) is red and flat, so most probably a "no-trade" situation, coral barely turned positive and analyze alert still for "sell". Price is touching upper downtrending trendline...

Be sure you review everything before the actual entry, for me it's a sideways market in a downtrend and thus a risky entry.
  • #2,282
  • Jan 14, 2009 1:08pm Jan 14, 2009 1:08pm
Quoting sed34
i'm going to start trading the arrows on the 5 and 15 minute chart with low risk to make my money back, cause it seems like i'm on a losing streak right now following the rules of V2 and V1 on 1 and 5 minute time frames.
Wouldn't that statement be a little bit controversial? Make sure you're not revenge trading. Pips will get back to you at anytime, if you follow the rules.
  • #2,283
  • Jan 14, 2009 1:24pm Jan 14, 2009 1:24pm
Quoting doblece
Wouldn't that statement be a little bit controversial? Make sure you're not revenge trading. Pips will get back to you at anytime, if you follow the rules.
i'm trying. got my mp3 going. checking my stocks. thinking happy thoughts.
  • #2,284
  • Jan 14, 2009 1:26pm Jan 14, 2009 1:26pm
Quoting sed34
its an indicator i picked up on another board. the one that nuancom posted a while back repaints too much. so i took it off. much too similar to zigzag.

i'm not going to post it, because there seems to be rules in this thread about adding indicators. also there is like 3 main rules for this site. so i don't post anything other than charts.

i'm going to start trading the arrows on the 5 and 15 minute chart with low risk to make my money back, cause it seems like i'm on a losing streak right now following the rules of V2 and V1 on 1 and 5 minute...
Are you following the rules or anticipating price action. I fail to understand how, if the rules are concrete and definitie, how can some people be on a winning streak and some others, like yourself, on a losing streak?
  • #2,285
  • Jan 14, 2009 1:27pm Jan 14, 2009 1:27pm
Quick question doblece - On page 1 of this thread I did not see the Hull Indicator on the download of the V2. However you did post the indicator on post 240 - is this to be used in conjunction with the Coral or Instead of the Coral in order to determine trade direction. It appears that the Hull will pick up reversals sooner than the Coral (on 5M time frame) - Is this the case? Thx.

Also - thank you sed34 for explaining your arrows.
  • #2,286
  • Jan 14, 2009 1:33pm Jan 14, 2009 1:33pm
Quoting ragu
Quick question doblece - On page 1 of this thread I did not see the Hull Indicator on the download of the V2. However you did post the indicator on post 240 - is this to be used in conjunction with the Coral or Instead of the Coral in order to determine trade direction. It appears that the Hull will pick up reversals sooner than the Coral (on 5M time frame) - Is this the case? Thx.

Also - thank you sed34 for explaining your arrows.
Not to preempt Doblece but the Hull is from v1 and can give more false signals, especially in a flat market. The coral is more conservative. Some of us have been experimenting with both, hence you see them both on some charts. The coral is the "official" trend curve.
  • #2,287
  • Jan 14, 2009 1:34pm Jan 14, 2009 1:34pm
Quoting wwwin
Are you following the rules or anticipating price action. I fail to understand how, if the rules are concrete and definitie, how can some people be on a winning streak and some others, like yourself, on a losing streak?
i had a winning streak yesterday, but today has been a losing streak. following the rules. i do not anticipate a trade. i wait for the candle to close. look at the 1 minute to confirm entry. It worked great yesterday, but today the market seems to want to screw me over.
  • #2,288
  • Jan 14, 2009 1:38pm Jan 14, 2009 1:38pm
Quoting TradeWell
Not to preempt Doblece but the Hull is from v1 and can give more false signals, especially in a flat market. The coral is more conservative. Some of us have been experimenting with both, hence you see them both on some charts. The coral is the "official" trend curve.

Ahh..ok..that makes sense...yes, I do see that the Coral is overall more stable..the Hull seems to pick up the reversals during extreme overbought/oversold conditions however more risk involved...I think I will stick with the Coral as my style is more inclined to stalk until the optimum setup occurs instead of attemping to pick every pip movement. Thx.
  • #2,289
  • Jan 14, 2009 1:41pm Jan 14, 2009 1:41pm
Quoting sed34
i had a winning streak yesterday, but today has been a losing streak. following the rules. i do not anticipate a trade. i wait for the candle to close. look at the 1 minute to confirm entry. It worked great yesterday, but today the market seems to want to screw me over.
The market today is the most predictable since times; I’m going to give an explanation later after closing my trading room, which may take some more time.
  • #2,290
  • Jan 14, 2009 1:54pm Jan 14, 2009 1:54pm
I am wondering is there a possibility that we may have a valid setup in 5M, while 1M it might not agree? or going in another direction?

Also if you are trading on 5M, how to decide on entry price based in 1M? The price does not change between 1M and 5M, so what are we looking for? may be how the price moves with in that 5M in a 1M time frame?

Sorry if this confusing or a stupid question , I am trying to understand how to look for 1M for a better entry and how does it differ from taking a entry based on 5M chart.

Thanks
  • #2,291
  • Jan 14, 2009 1:58pm Jan 14, 2009 1:58pm
Quoting karun
I am wondering is there a possibility that we may have a valid setup in 5M, while 1M it might not agree? or going in another direction?

Also if you are trading on 5M, how to decide on entry price based in 1M? The price does not change between 1M and 5M, so what are we looking for? may be how the price moves with in that 5M in a 1M time frame?

Sorry if this confusing or a stupid question , I am trying to understand how to look for 1M for a better entry and how does it differ from taking a entry based on 5M chart.

Thanks
well, on the m1 the trix would be above 0. candles and coral would agree. but i don't know anymore. maybe someone can post two charts showing this kind of entry
  • #2,292
  • Jan 14, 2009 2:03pm Jan 14, 2009 2:03pm
9 losers in a row. i don't get it.

80% success is based on what? following the rules or your own trading experience.
  • #2,293
  • Jan 14, 2009 2:05pm Jan 14, 2009 2:05pm
Man...or woman....

Jimmy Jones said, "Y'all are more diplomatic than I am."

I was shocked...why didn't Omni give it a rest. He/She seemed like a nice person...what was up with just ignoring everyone?

I have seen other threads...we've gone 2000+ posts maintaining the same subject clean and crisp - less the chicken and goat tangent.

It's superb.

I'm glad y'all are doing this the right way. Maybe when Omni gets out of time-out he/she can help keep it clean...

Sed, take it easy...I want to send you a PM with something to read, someone who really knows this system sent it to me...
Deprive a man of everything and you give him nothing to lose.
  • #2,294
  • Jan 14, 2009 2:16pm Jan 14, 2009 2:16pm
Quoting cashmeer
....
I have seen other threads...we've gone 2000+ posts maintaining the same subject clean and crisp - less the chicken and goat tangent....
Even chickens gotta have fun every now and then.
Attached Image
  • #2,295
  • Jan 14, 2009 2:19pm Jan 14, 2009 2:19pm
Quoting cashmeer
Man...or woman....

Jimmy Jones said, "Y'all are more diplomatic than I am."

I was shocked...why didn't Omni give it a rest. He/She seemed like a nice person...what was up with just ignoring everyone?

I have seen other threads...we've gone 2000+ posts maintaining the same subject clean and crisp - less the chicken and goat tangent.

It's superb.

I'm glad y'all are doing this the right way. Maybe when Omni gets out of time-out he/she can help keep it clean...

Sed, take it easy...I want to send you a PM with something to read, someone...
i'll take a look at it. for now i am going to disect this system. I have over 500 indicator in my folder. i know there's got to be a winning combination.

i'm going to remove the cloud. it doesn't really do anything for me. change the hull settings and remove the coral. i'll keep the 60 period ave. seems to work well.

well, i have to strategize now.
  • #2,296
  • Jan 14, 2009 2:28pm Jan 14, 2009 2:28pm
Quoting sed34
i'll take a look at it. for now i am going to disect this system. I have over 500 indicator in my folder. i know there's got to be a winning combination.

i'm going to remove the cloud. it doesn't really do anything for me. change the hull settings and remove the coral. i'll keep the 60 period ave. seems to work well.

well, i have to strategize now.
let us know you you fair....

it's a darn good system sed...everytime I see nuancom posting his/her charts there are the most basic trendlines on there. I am sure if you just draw them out you will filter out a great deal of the losing trades...

t/ls on the 1 min and 5 min have helped me so much...

you can even draw them after the fact and see where PA bounces along the lines way after the original 2 or 3 hits....

don't get discouraged, you'll end up discouraging others...
Deprive a man of everything and you give him nothing to lose.
  • #2,297
  • Jan 14, 2009 2:32pm Jan 14, 2009 2:32pm
Quoting karun
I am wondering is there a possibility that we may have a valid setup in 5M, while 1M it might not agree? or going in another direction?

Also if you are trading on 5M, how to decide on entry price based in 1M? The price does not change between 1M and 5M, so what are we looking for? may be how the price moves with in that 5M in a 1M time frame?

Sorry if this confusing or a stupid question , I am trying to understand how to look for 1M for a better entry and how does it differ from taking a entry based on 5M chart.

Thanks
Good question. I think I know the answer but am having difficulties thinking about how to explain it....I think Doblece or Cobra will help.
Deprive a man of everything and you give him nothing to lose.
  • #2,298
  • Jan 14, 2009 2:34pm Jan 14, 2009 2:34pm
Quoting sed34
i'll take a look at it. for now i am going to disect this system. I have over 500 indicator in my folder. i know there's got to be a winning combination.

i'm going to remove the cloud. it doesn't really do anything for me. change the hull settings and remove the coral. i'll keep the 60 period ave. seems to work well.

well, i have to strategize now.
I think the best suggestion for you was when Doblece said to go back to trading with it on demo. There you can work out the kinks before going back live. You could also use a trading simulator to "re-trade" the day to see how you could have done better.

We want to help you be successful.
  • #2,299
  • Jan 14, 2009 2:38pm Jan 14, 2009 2:38pm
Quoting sed34
9 losers in a row. i don't get it.

80% success is based on what? following the rules or your own trading experience.
I sent you a PM.
  • #2,300
  • Jan 14, 2009 2:43pm Jan 14, 2009 2:43pm
Quoting TradeWell
I think the best suggestion for you was when Doblece said to go back to trading with it on demo. There you can work out the kinks before going back live. You could also use a trading simulator to "re-trade" the day to see how you could have done better.

We want to help you be successful.
I mostly use the "go back to demo" thing so I keep my hands off the live account meanwhile I can revenge trading all that I want without any risk

Usually will stop trading for the day, though. Losing streaks (for me) are clear signals that I'm most certainly doing something wrong... or that maybe I should be paying attention to other things outside trading... which might be on my mind at that time as an obstacle to get a clearer view of the market.
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