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THV system, final edition

  • #2,361
  • Jan 14, 2009 10:27pm Jan 14, 2009 10:27pm
Quoting caveman
Hi Cobra,

Can you post the trendline indicator that you mentioned here? Like to test it out. If it really helps, I may forgo manual drawing of trendlines.

Cheers,
CaveMan
Wow, here you got me, I made only a joke.

But I have an endless list of indicators and found this one, you can play with it but keep it privat, it's not part of the system and so I don't want to discuss it here.

There are a lot of more, just search in FF or google a bit.

Gonna have a nap now till London session.
Attached File(s)
File Type: mq4 Mouteki.mq4   20 KB | 1,084 downloads
  • #2,362
  • Jan 15, 2009 1:05am Jan 15, 2009 1:05am
Gee... thanks. You very funny ....

Quoting cobraforex
Wow, here you got me, I made only a joke.

But I have an endless list of indicators and found this one, you can play with it but keep it privat, it's not part of the system and so I don't want to discuss it here.

There are a lot of more, just search in FF or google a bit.

Gonna have a nap now till London session.
  • #2,363
  • Jan 15, 2009 2:37am Jan 15, 2009 2:37am
Quoting sed34

also i will hull trade the 15min only. i will only get 2 trades a day per pair following it, but its better. there are 4 pairs that this works on. going over charts it seems very accurate.
What do you mean hull trade?
  • #2,364
  • Jan 15, 2009 2:38am Jan 15, 2009 2:38am
should I discard green trix for divergence and use only red?

For example, is this divergence?
Attached Image (click to enlarge)
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Deprive a man of everything and you give him nothing to lose.
  • #2,365
  • Jan 15, 2009 2:59am Jan 15, 2009 2:59am
Quoting mentos
...
but wats up with acumen's site??? ... i can't open it !
The website is functional.

However, I had it bookmarked as http://www.thefxpivotpoint.com/index which didn't open. I dropped the /index part and it did work.

The site is http://www.thefxpivotpoint.com/
  • #2,366
  • Jan 15, 2009 3:56am Jan 15, 2009 3:56am
In this chart we can see that that just before the big rise, there was a downside pattern being formed.the only thing that kept me from entering short was that pa never crossed a trendline on m1. My question is....could I have taken long here because it bounced from the trend line on m1 and the hull on m5 was looking good?
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  • #2,367
  • Jan 15, 2009 4:20am Jan 15, 2009 4:20am
Quoting vali01
In this chart we can see that that just before the big rise, there was a downside pattern being formed.the only thing that kept me from entering short was that pa never crossed a trendline on m1. My question is....could I have taken long here because it bounced from the trend line on m1 and the hull on m5 was looking good?
You have the v1 hull on your chart. There has been a v2 update with a different hull (called the "coral"). The coral is more conservative.

In this case the market was coming out of a choppy range, so a trade would have been a bit risky. As you said, the 1M signaled a trade so it could have been taken if trading based only on the 1M.
  • #2,368
  • Jan 15, 2009 4:28am Jan 15, 2009 4:28am
You have the v1 hull on your chart. There has been a v2 update with a different hull (called the "coral"). The coral is more conservative.

In this case the market was coming out of a choppy range, so a trade would have been a bit risky. As you said, the 1M signaled a trade so it could have been taken if trading based only on the 1M.

I also have the coral on my chart. but I noticed that there was put into disscussion that the coral is too slow and for m5 should be used the hull instead so I was asking for opinions in order to decide what to use. thanks
  • #2,369
  • Jan 15, 2009 4:52am Jan 15, 2009 4:52am
Quoting vali01
I also have the coral on my chart. but I noticed that there was put into disscussion that the coral is too slow and for m5 should be used the hull instead so I was asking for opinions in order to decide what to use. thanks
OK, I didn't know you knew about that. Keep in mind that using the hull on the 5M is only experimental so we are not sure if it will ultimately be part of the rules. I like using both of them myself, but it could be confusing for some people, plus there are no rules to back it up.
  • #2,370
  • Jan 15, 2009 5:14am Jan 15, 2009 5:14am
Quoting TradeWell
The website is functional.

However, I had it bookmarked as http://www.thefxpivotpoint.com/index which didn't open. I dropped the /index part and it did work.

The site is http://www.thefxpivotpoint.com/
uh ... it's working now ... both of them worked for me

i think acumen heard us talking about his site.
  • #2,371
  • Jan 15, 2009 7:14am Jan 15, 2009 7:14am
Greetings:

Just wanted to illustrate how I got into a losing trade today....

As you can see on the 5 min I drew the fibs and PA retraced to 61.8 [with a spike] and was rejected so when it fell to the 23.6 level I thought it was a 1,2,3 down move....

Attached Image (click to enlarge)
Click to Enlarge Name: thv 5 min - 1.gif Size: 40 KB


Moreover, I had seen divergence in the 5 min as well. [That is why I was asking about divergence using the green trix. ]

Anyhow, I entered on the 1 min which gave the signal short in THV and put my S/L over the trend line....

I got stopped out at 10pips

Attached Image (click to enlarge)
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After some time, when the 61.8 level was broken, I entered on the 1 min long and got my pips and more back...

Becuase the T/L were causing PA to get tight, it was obvious that it was going one way or the other....

The lesson I learned is that even the perfect setups with all the analysis aren't guaranteed results and if a person becomes upset at a loss he/she may lose sight of the the next obvious trade approaching....

I took my loss and waited for the setup the next way, got my pips back and made some profit....

I still have not received any comments about using green trix for divergence. Is it safer, more reliable to look for divergence with red trix?
Deprive a man of everything and you give him nothing to lose.
  • #2,372
  • Jan 15, 2009 9:31am Jan 15, 2009 9:31am
Careful. Divergence now on 1H and forming on 5M.
  • #2,373
  • Jan 15, 2009 1:14pm Jan 15, 2009 1:14pm
Just a few thoughts on THV V 2.0....I've been testing it out now for the past two weeks and I'm pretty impressed with the results...I've kept to the rules as much as possible using the 1M chart.....I also look at the 5M and also the 15M as the two higher time frames will allow me to look at the "bigger" picture even though the real big picture of course will be on the Daily, 4H & 1H, however I've scaled down my trading style to scalping and thus the smallest 3 time frame seem to work well with my personality. The key to Optimum entries is to follow the rules plain and simple. Once price crosses above/below the Coral and is above/below both the Cloud and the T3, and the Trix is above/below zero line - you enter. After the first initial break of price across the Coral you most always get a small retrace back to the Coral, however don't let that shake you out of the trade. As long as the T3 line is on the same side as your trade direction, you should be fine. Once 15pips in profit, move stop to BE and start unloading after 25pips profit...the move on the 1M time frame on avg seems to be between 25-50 pips..somes you get more, however that seems to be the norm. Being on the west coast I only trade between 5am (pst) and 11am. If you take a look at this mornings action beginning at 5am there were 5 valid entries on the 1M chart. All of them would have netted 20+ pips and some up to 100pips ...by looking at the PA on the 5M chart it allows me to see whether or not I wish to kill the trade with 20pip profit or trail stop my position until I get stopped out. I really enjoy this system and I want to thank CobraForex for providing it to us so generously. The key is to not overthink the market and believe in what your doing. To much thinking will cause you to second guess your decision which will in turn paralyze you with fear. Have no fear - just good MM. My two cents.
  • #2,374
  • Jan 15, 2009 2:12pm Jan 15, 2009 2:12pm
Quoting TradeWell
Careful. Divergence now on 1H and forming on 5M.
Confirmed that one.

Don't you see now a hidden bearish one?
  • #2,375
  • Jan 15, 2009 2:42pm Jan 15, 2009 2:42pm
should i enter short from here or not and wait Mrs. coral to agree on our trade?

i need some explanation on such situations where the signs are not all valid.

sorry if the Qs is repeated ... but i couldn't find the answer.
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  • #2,376
  • Jan 15, 2009 3:06pm Jan 15, 2009 3:06pm
Well, after having yesterday the best trading day of the year today was my worse.

I will tell you what happened, only like that we can learn from common mistakes.

I had a bad night, it was the first hot night in the raining season and the electric energy went after a middle hard rain and the air condition didn’t work anymore.
I woke up late, just about 15 minutes before the rate cut release, didn’t have a shower neither my coffee.

After all these conditions I didn’t prepare myself well like I do it usually.

Than started the disaster, I forgot about the rules and got stopped out, later a revenge trade, also stopped out. Some countertrend trades etc.

Revising my journal today I need to recognize that I was acting like a newbee and I lost some of the good pips that I made yesterday.

The resume is that we need to be in good conditions to trade, like Ragun mentioned there have been good opportunities and I was not able to trade them.

Anyhow I’m still up 18% this week after some good trades in E/Y in this afternoon and I got another experience that control is a key to the game.

I simply shouldn’t trade under these conditions.

I hope that this little story will be in your mind and it doesn’t happen to you.

There is no chart today only a little picture that should tell us to sleep enough and well
Attached Image
  • #2,377
  • Jan 15, 2009 3:18pm Jan 15, 2009 3:18pm
Quoting cobraforex
Well, after having yesterday the best trading day of the year today was my worse.
Don't feel like the Lone Ranger, Cobra. After several weeks of great trading, I lost my head today and lost about a day's worth of work. Like a dumbaxx, I consciously let a trade get to -150 before the ECB conference and then when it retraced back to -119 pips, I killed it (so it would not run crazy higher). Price then proceeded to retrace all the way back to a daily low. I could have made a killing. Instead, I'm down a day, but there's always another trade and another day.

That is a lovely picture of your wife Cobra.

By the way, Ragu, that was a great post you wrote about using the THV. Right on!
Up or down, gimme a ticket
  • #2,378
  • Jan 15, 2009 3:20pm Jan 15, 2009 3:20pm
Quoting mentos
should i enter short from here or not and wait Mrs. coral to agree on our trade?

i need some explanation on such situations where the signs are not all valid.

sorry if the Qs is repeated ... but i couldn't find the answer.
This would be a countertrend trade, if the PA is above the coral you should only take long trades and vice versa.
  • #2,379
  • Jan 15, 2009 3:25pm Jan 15, 2009 3:25pm
Quoting SpecialEd
Don't feel like the Lone Ranger, Cobra.
I was emailing before with cashmeer and he was feeling very happy that I had a bad day and that those things can happen even to the ones that are mostly making green pips.

So I thought to post my day that you all feel better.
  • #2,380
  • Jan 15, 2009 3:31pm Jan 15, 2009 3:31pm
Quoting SpecialEd
That is a lovely picture of your wife Cobra.
It's a cat, what are you looking to?
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