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THV system, final edition

  • #2,441
  • Jan 16, 2009 9:52am Jan 16, 2009 9:52am
Quoting cashmeer
Sorry all, maybe I should not have posted that last trade in my winning and losing chart.

Karun, I took that trade becuase I saw divergence [I pointed it out with the aqua t/ls] and PA was seriously stalling so I took a quick scalp downwards....those kind of trades, as I am sure Cobra will agree, require that one DOES NOT BLINK....and one maintains their finger on the trigger....they are quick and could quickly move against the direction of the traders positition....

Look at the post of Tradewell in the last page or so and download and print...
No Worries... I was just trying to understand the logic behind that trade. I did saw your divergence T/L, however I didnt relate it to this trade. Divergence is something I dont understand yet. I'm still learning, one step at a time

Thanks
  • #2,442
  • Jan 16, 2009 10:00am Jan 16, 2009 10:00am
Here is a setup I was looking now, it looks like its testing and retesting the R3 @ 1.48100.In the last 30 minute period at least twice it went below R3 only to bouce back the next minute. If does break, how many candles do we wait to really see its not a false breakout.
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  • #2,443
  • Jan 16, 2009 10:00am Jan 16, 2009 10:00am
Quoting mentos
just to confirm i got it right :nerd:

should i ve entered from inside the yellow square ? or wait a retest on the coral as it has recently broken it ? or wait till the coral turns red ?
Mentos, I took that trade for 40+ PIPs.
Up or down, gimme a ticket
  • #2,444
  • Edited 10:09am Jan 16, 2009 10:05am | Edited 10:09am
Quoting karun
Here is a setup I was looking now, it looks like its testing and retesting the R3 @ 1.48100.In the last 30 minute period at least twice it went below R3 only to bouce back the next minute. If does break, how many candles do we wait to really see its not a false breakout.
Karun-

Couple of questions/comments:

1.) Why are you trading GBP/USD?
2.) Are you watching the 5 min as well?
3.) After a long move like that it may rest on R3 for a while. Right?
4.) As Cobra mentioned, solo 1 min scalping is for quick pips, not prolonged moves...
5.) Where are your trendlines?
6.) Zoom out and look left to see if there are areas of support...
7.) Draw trendlines.
8.) Draw trendlines.
9.) Really, draw your trendlines...
10.) I guess after you got your other confirmations you would wait for it to close a candle under the lowest level of support and then see if it retraces to that level now as resistance.
Deprive a man of everything and you give him nothing to lose.
  • #2,445
  • Jan 16, 2009 10:07am Jan 16, 2009 10:07am
Quoting SpecialEd
Mentos, I took that trade for 40+ PIPs.
SpecicalEd, I'm sure that is making mentos feel all warm and fuzzy inside...

Why don't you tell her/him when and why you entered?
Deprive a man of everything and you give him nothing to lose.
  • #2,446
  • Jan 16, 2009 10:15am Jan 16, 2009 10:15am
I am going to stop commenting now before I cause some serious damage!

I hope y'all have a nice weekend and don't be cruel to the cats.....

here is some random trivia....

what is 111,111,111 x 111,111,111 ???

= 12345678 9 87654321

can anyone explain why??????
Deprive a man of everything and you give him nothing to lose.
  • #2,447
  • Jan 16, 2009 10:25am Jan 16, 2009 10:25am
My answers in blue...

Well All my answers are gone in the qoute....

will repost it again..
Quoting cashmeer
Karun-

Couple of questions/comments:

1.) Why are you trading GBP/USD?

At this point, I'am looking at various pairs to understand how each pair behaves. Also, I have not started trading yet. Few pages back, I said I'm going live,I thought i'll start with very minimal amount and realized later that it does not give much room and probably I might have blown up my account , but put that on hold. I really want to understand how the pairs behave and system more.

[color=blue]This pair seems to be interesting...
  • #2,448
  • Jan 16, 2009 10:32am Jan 16, 2009 10:32am
Quoting cashmeer
SpecicalEd, I'm sure that is making mentos feel all warm and fuzzy inside...

Why don't you tell her/him when and why you entered?
Mentos, I'm sorry. I thought you'd probably gotten enough answers and wanted only confirmation. I took the the trade (see chart re-posted) that you were discussing for two reasons: (1) Price and T3 had crossed the Coral on M5 timeframe - all three were below the cloud; (2) My 1.3257 entry point was below the 61.8% fib number on the retrace from 1.3343 to 1.3210.

I am trying to learn more about which fibs are important and which are irrelevant. Today, I've been experimenting on the M30 TF drawing fibs for each time price hits a new high or low and then falls back to its initial point of ascent or descent. In this case, price crossed the 61.8, leading me to believe it would get to the 100% (its original starting point). It did not get all the way there, but still got 40 PIPs.

How's that Cashmeer?
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Up or down, gimme a ticket
  • #2,449
  • Jan 16, 2009 10:33am Jan 16, 2009 10:33am
Quoting cashmeer
Anyone else using the FFCAL indicator....

I am not getting any notifications....at all....

My broker is EST, does it auto detect...

the Alert1minsBefore is set to -1
and the

Alert1minsBefore is set to -1

what does that mean, should I make it -15 to alert 15 mins before?

is there a user manual I can look at?
Set it to 3 and 5 instead and it will give you alert on 5 and 3 min before the event.
  • #2,450
  • Edited 3:23pm Jan 16, 2009 10:34am | Edited 3:23pm
Quoting SpecialEd
Mentos, I took that trade for 40+ PIPs.
yea .. and i could have entered too and catch those pips ... but i wasn't pretty sure.

Quoting cashmeer
SpecicalEd, I'm sure that is making mentos feel all warm and fuzzy inside...

Why don't you tell her/him when and why you entered?
hhhhh ... am still on a demo account ... i am no worry about those pips now.

and dude ... am a boy.

by the way my coral is different from your coral a bit .... is that a coral? .... i mean do u have different settings?
  • #2,451
  • Jan 16, 2009 10:35am Jan 16, 2009 10:35am
Quoting karun
Here is a setup I was looking now, it looks like its testing and retesting the R3 @ 1.48100.In the last 30 minute period at least twice it went below R3 only to bouce back the next minute. If does break, how many candles do we wait to really see its not a false breakout.
Sometimes what I do is set up an order just beyond where it was testing, especially if it tested many times. If it gets hit, I have a stop loss fairly close because once it breaks through it normally does not cross back much, if at all. It is a low risk - high reward strategy. I do that with pivots but also with trendlines - so be sure to draw them!
  • #2,452
  • Jan 16, 2009 10:36am Jan 16, 2009 10:36am
Ok.. here we go again... This time no qoute...

1.) Why are you trading GBP/USD?

At this point, I'am looking at various pairs to understand how each pair behaves. Also, I have not started trading yet. Few pages back, I said I'm going live,I thought i'll start with very minimal amount and realized later that it does not give much room and probably I would have blown up my account , so I put that on hold. I really want to understand how the pairs behave and system more.

This pair seems to be interesting to watch, I dont know whether I have stomach to trade this though. Looks like a very very volatile pair. Atleast thats my observation in the last few days.

2.) Are you watching the 5 min as well?
Yes, I do watch 5 min as well. My thinking is to take a position for a longer time hold in 5 min and quick pips in 1 min. However as repeatedly pointed out in this thread, 1M may not suit for every body and certainly not for newbies.

3.) After a long move like that it may rest on R3 for a while. Right?
Yes agreed on that. However my question is when do we determine it really broke R3. Atleast 4-5 candles below R3 in 1M or 2-3 candles below R3 in 5M or when?

4.) As Cobra mentioned, solo 1 min scalping is for quick pips, not prolonged moves...
Agreed...

5.) Where are your trendlines?
Still working on that..
6.) Zoom out and look left to see if there are areas of support...
Will do that...
7.) Draw trendlines.
8.) Draw trendlines.
9.) Really, draw your trendlines...
10.) I guess after you got your other confirmations you would wait for it to close a candle under the lowest level of support and then see if it retraces to that level now as resistance
  • #2,453
  • Jan 16, 2009 10:42am Jan 16, 2009 10:42am
Quoting mentos
by the way my coral is different from your coral a bit .... is that a coral? .... i mean did u have different settings?
I thought our charts looked pretty much the same. Mine may have been zoomed in a bit. It was M5 timeframe, with the Coral that we implemented in version 2.
Up or down, gimme a ticket
  • #2,454
  • Jan 16, 2009 10:42am Jan 16, 2009 10:42am
Quoting SpecialEd
Price and T3 had crossed the Coral on M5 timeframe - all three were below the cloud
Isnt the cloud is also supposed to be below the coral for a valid setup?
  • #2,455
  • Jan 16, 2009 10:43am Jan 16, 2009 10:43am
Watch the H&S on 15M in U/C.
  • #2,456
  • Jan 16, 2009 10:46am Jan 16, 2009 10:46am
Greetings,

This morning (5:30 PST) these two possible trades occurred. The first one I took and made some nice pips. I sat out the second trade because I thought the Coral cross was late.

Now, I'm not uncomfortable with sitting out, but I'm wondering what other people think about this situation.

Regards
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  • #2,457
  • Jan 16, 2009 10:47am Jan 16, 2009 10:47am
Quoting karun
3.) After a long move like that it may rest on R3 for a while. Right?
Yes agreed on that. However my question is when do we determine it really broke R3. Atleast 4-5 candles below R3 in 1M or 2-3 candles below R3 in 5M or when?
It is a difficult call...as tradewell said you could put in a pending order after the lowest level of support...let Cobra elaborate...

About the trendlines though, Karun, really, they are the easiest part of this system. I mean that, you can look back and draw them and since they extend you will see how PA respects them miles of candles away.

Don't trade without them.

There is a reason that Nuancom comes in everyday and say 80pips, 40pips, 50pips, dozens of pips and if you look at every post he has you will see trendlines...he, Cobra would not be putting them on the chart if they were not necessary. They are crucial to your trading....

they're easy to draw....

Take it slowly.
Deprive a man of everything and you give him nothing to lose.
  • #2,458
  • Jan 16, 2009 10:50am Jan 16, 2009 10:50am
Quoting sundowner
Greetings,

This morning (5:30 PST) these two possible trades occurred. The first one I took and made some nice pips. I sat out the second trade because I thought the Coral cross was late.

Now, I'm not uncomfortable with sitting out, but I'm wondering what other people think about this situation.

Regards
sundowner:

Mentos posted the same chart a few pages back. Your talking about the short? If you had the original hull on the 5 min, you would have had an entry on the 5 min and 1 min...

I am waiting for Cobra to elaborate...

I posted the chart with the hull....take a look and let me know what you think.
Deprive a man of everything and you give him nothing to lose.
  • #2,459
  • Jan 16, 2009 10:53am Jan 16, 2009 10:53am
Quoting cobraforex
Watch the H&S on 15M in U/C.
what is H&S?

on USD/CAD?
Deprive a man of everything and you give him nothing to lose.
  • #2,460
  • Jan 16, 2009 10:55am Jan 16, 2009 10:55am
Here a chart for the indicator freaks between you: http://www.forexfactory.com/showpost...ostcount=56843

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