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THV system, final edition

  • #2,461
  • Jan 16, 2009 10:57am Jan 16, 2009 10:57am
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  • #2,462
  • Jan 16, 2009 10:57am Jan 16, 2009 10:57am
Quoting cobraforex
Watch the H&S on 15M in U/C.
It looks like to me that it already happened. Shoulders are high, and there was a quick run up. Although I'm looking at the 5M.
  • #2,463
  • Jan 16, 2009 11:00am Jan 16, 2009 11:00am
Quoting cashmeer
what is H&S?

on USD/CAD?
http://www.investopedia.com/terms/h/head-shoulders.asp

USD/CHF it does the opposite of the E/U mostly

Now, like London closed will be more difficult that the H&S gets confirmed but I'll keep an eye on it.
  • #2,464
  • Jan 16, 2009 11:02am Jan 16, 2009 11:02am
Quoting cashmeer
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....
Thanks, I will work on the trendlines.
  • #2,465
  • Jan 16, 2009 11:06am Jan 16, 2009 11:06am
Quoting cobraforex
Here a chart for the indicator freaks between you: http://www.forexfactory.com/showpost...ostcount=56843

Can you send me the template for that chart please?

Deprive a man of everything and you give him nothing to lose.
  • #2,466
  • Jan 16, 2009 11:24am Jan 16, 2009 11:24am
Quoting cashmeer
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 posted the chart with the hull....take a look and let me know what you think.
Yes, the short trade.

Thanks, I appreciate your response and perhaps it would have helped me this morning. The Hull looks great on your chart. In the past when I have had both the Coral and Hull Replacement on the charts I have found it confusing. I have no confidence in the one minute charts...that's just me.

I would like to know as well what Cobra and others think of the distance of the cross after break of the cloud.

Thanks Cashmeer
  • #2,467
  • Jan 16, 2009 12:27pm Jan 16, 2009 12:27pm
Quoting TradeWell
It looks like to me that it already happened. Shoulders are high, and there was a quick run up. Although I'm looking at the 5M.
OK, I see the H&S now. I saw a little one lol. There is a big one forming.
  • #2,468
  • Jan 16, 2009 12:32pm Jan 16, 2009 12:32pm
Quoting cashmeer
That is what I have been trying to figure out all this time....3 - 10 pips...thank you...really I think my expectations on the 1 min were too high. I understand if your entering the 1 min based on 5 min it could go more...but what you said puts things into perspective...

MUCHAS GRACIAS
Cashmeer, when I’m talking about scalping I’m not referring too much on the THV rules, especially the Coral.
What you see below is my entire scalping chart; I’m working only with the Hull replacement, cloud and Trix.
My other indications are Fibs, TL’s, HL’s and R&S (sometimes overbought – oversold areas).
Two other screens, one with other correlated pairs, Gold and Crude oil and the one below with the E/U in 4 TF’s, USD/CHF and EUR/JPY.

I step in on confirmation of the Trix cross and cloud and go out at the first sign of retrace (that can be for ex. the cross of the green Trix to the red one), looking for 3 to 10 pips.

There are coming a lot of circumstances together before I take a trade and it would be necessary to write a book to explain everything and even with that we would see very different results between several traders, the factor feeling is the point.

This is very stressing and I don’t recommend trying it on Live if you aren’t 100% firm in it.

I traded the 1M since more than a year on Live and know what I’m doing.

This is the most rentable art to trade in my opinion (you can double an account in 1 month if you work really hard and with a good portion of luck with you but it’s not usual) but other say it’s not possible to be successful in scalping on the long term, well, if they think so.

Trading the THV on 5M and looking for a good early entry in 1M is a different story !!!

Just wanted to keep that clear.
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  • #2,469
  • Jan 16, 2009 12:40pm Jan 16, 2009 12:40pm
Quoting TradeWell
OK, I see the H&S now. I saw a little one lol. There is a big one forming.
If that thingy would work out, the EU would fall like a stone but it's friday afternoon and better to close the trading room I guess, will only watch a bit more.
  • #2,470
  • Edited 3:11pm Jan 16, 2009 12:46pm | Edited 3:11pm
Quoting cobraforex
Here a chart for the indicator freaks between you: http://www.forexfactory.com/showpost...ostcount=56843

wow ..... seems pretty professional ..... can someone who is 30 times smarter than Einstein use this one?
  • #2,471
  • Jan 16, 2009 12:46pm Jan 16, 2009 12:46pm
Quoting cobraforex
I step in on confirmation of the Trix cross and cloud and go out at the first sign of retrace (that can be for ex. the cross of the green Trix to the red one), looking for 3 to 10 pips.
When you are trading in such a tight range of pips as target, how do you maintain your stop loss or losses? or basicall at what point do you give up on a trade?
  • #2,472
  • Jan 16, 2009 12:52pm Jan 16, 2009 12:52pm
Quoting karun
When you are trading in such a tight range of pips as target, how do you maintain your stop loss or losses? or basicall at what point do you give up on a trade?
I don't use stoploss (only have a fixed secure SL of 40 pips), I run out at any sign that the trade can go against me.

Take in account that my broker has a one click execution !!!!
  • #2,473
  • Jan 16, 2009 12:58pm Jan 16, 2009 12:58pm
Quoting mentos
wow ..... seems pretty professional ..... can someone who is 30 times samarter than Einstein use this one?
He claims to be professional and trade fonds, you need to be a genius to trade that thingy
  • #2,474
  • Jan 16, 2009 1:06pm Jan 16, 2009 1:06pm
ok everybody. i'm back. i made the money back and then some. i maintained the the chart, but i changed the rules of entries and exits greatly. using this method it doesn't matter if its ranging or trending. the entries are brainless. no over analyzing. Right now i am pulling about a 90% success rate.


great chart setup once you figure out how to read it right.
  • #2,475
  • Jan 16, 2009 1:13pm Jan 16, 2009 1:13pm
Quoting sed34
ok everybody. i'm back. i made the money back and then some. i maintained the the chart, but i changed the rules of entries and exits greatly. using this method it doesn't matter if its ranging or trending. the entries are brainless. no over analyzing. Right now i am pulling about a 90% success rate.


great chart setup once you figure out how to read it right.
Sounds good, let's know what you changed
  • #2,476
  • Jan 16, 2009 1:19pm Jan 16, 2009 1:19pm
Quoting cobraforex
He claims to be professional and trade fonds, you need to be a genius to trade that thingy

LOL..that chart is a great one for newbies to review..as to what not to do with your charts...Keep It Simple is the best approach..Cobra, I like how you have several charts with THV and then one candlestick for your workhorse to draw your lines and fibs...I do the same as well and that way not clutter up the charts I trade with...there were 4 really good opportunites today on the 1M chart, however 2 of them were right before or directly after the news events and thus I stood aside...however I did take the other two and they worked out nicely...the four times were (pst times) at 5:23am(long); 6:35am(short); 7:49am(long - I took this one); and 8:59am(short - I took this one also). The first two trades were during news events and if you look at the slope on the 5M chart you will see that they were not in sync...if you however look at the last two trade you will see a correlation with the entry on the 1M and the yellow slope on the 5M indicating a change is due...I'm really starting to like this system and it seems that it works best when you make it your own...and of course you must follow the rules...thanks again Cobra. I hope everyone has a great 3 day weekend and much success for 2009.

One of my favorite quotes...."The riches are in the niches..."
  • #2,477
  • Edited 1:45pm Jan 16, 2009 1:34pm | Edited 1:45pm
Quoting ragu
I'm really starting to like this system and it seems that it works best when you make it your own...and of course you must follow the rules...thanks again Cobra. I hope everyone has a great 3 day weekend and much success for 2009.

One of my favorite quotes...."The riches are in the niches..."
You got a very important point here that was never posted before, congrats.

What the team gives here is a base, a proved and solid system, you can and should adapt it to YOUR trading style and use YOUR favorite TF.

With that you feel most comfortable, trade stress less and in harmony with your requirements.

There is nothing bad to change whatever you want as long as you feel good with it and make what is important è money.

Thanks, that was just great.

A little note to add: For newbees we recommend to stay with the rules and indicators untill you feel that you are ready to change something, the system is proved for secure trades.
  • #2,478
  • Jan 16, 2009 1:43pm Jan 16, 2009 1:43pm
Quoting cobraforex
Sounds good, let's know what you changed
you guys probably already tried it, but i use the v1 rules with the v2 chart. The coral is great. it is good as acting as support and resistance. Using the coral combined with the hull you can greatly predict continuations of a pair. I see why freddyfx prefered v1, but you can enhance it with v2 using v1 rules. I believe the hull is king. trix is second. I do not wait for it to be above/below 0. Green is leading. red is lagging. Its just like two moving averages, except much more sophisticated. I went back to the K.I.S.S. method. studied the charts. and it worked. I simulated the trades using random dates. alway came out on top. Its more of a v2, v1 hybrid.
  • #2,479
  • Jan 16, 2009 1:47pm Jan 16, 2009 1:47pm
maybe the rules weren't changed that much, but it seems to work.
  • #2,480
  • Jan 16, 2009 1:51pm Jan 16, 2009 1:51pm
Yes, I found that to be the case...if you don't make it your own, how can you have confidence in a system? FX is filled with traders who send out chat messages regarding entries and although they make money, the majority of their students do not - it is because of lack of confidence and trust. Regardless of what system you follow or what rules you abide by, you must have confidence and trust in your system and the only way to have that trust is to own it and make it personal. Trading is all about probabilities and THV is a system that produces probable outcomes..they key is to learn it, use it, own it, trust it and trade it...and of course do not hesitate..remember Noah built the ark before it started raining...you must place your trade before the big move and not hesitate and watch it fly right by...thanks again to you and your team Cobra.
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