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THV system, final edition

  • #2,521
  • Jan 18, 2009 8:18pm Jan 18, 2009 8:18pm
Quoting mentos
hi

i ve a somewhat general question ... what are the best and worst sessions for scalping using THV sys ?

i wish you all the best of luck this week
For scalping I use the Asian session, for trading 5M or higher the complete London session.
  • #2,522
  • Jan 18, 2009 8:20pm Jan 18, 2009 8:20pm
Quoting cobraforex
...
AND: A great trading week for everybody, and don't forget: tomorrow is US bank holliday
so does that mean there will be little movement tonight in the london session? how do these thing work exactly?
  • #2,523
  • Jan 18, 2009 8:27pm Jan 18, 2009 8:27pm
Quoting sed34
so does that mean there will be little movement tonight in the london session? how do these thing work exactly?
I imagen that the London session can be volatil because during US session time is missing resistance and support, once that London close will be good for scalping or doing some other stuff.

But I might be wrong, you never know.

Best in those mondays is to stay out if you're not sure about what to trade.

Add: we won't have any news apart of Trichet speaks, so might be a good night to scalp, let's see.
  • #2,524
  • Jan 19, 2009 2:41am Jan 19, 2009 2:41am
Just to let you know that I won't be around for a few days... I'll be back on wednesday or thursday. Take care and plenty of green pips to you all!
  • #2,525
  • Jan 19, 2009 7:09am Jan 19, 2009 7:09am
can someone to help me,how to make from ex to mq4. Thank's for your helping.
  • #2,526
  • Jan 19, 2009 7:56am Jan 19, 2009 7:56am
Quoting rob roy
can someone to help me,how to make from ex to mq4. Thank's for your helping.
Converting an EX4 file to MQ4 in most countries is illegal. The coder of that file for some reason gave out only the EX4 file and that needs to be respected in most cases.
If you refere to the THV files and you want to have a change on any of these indicators because you want to use it in another system, PM me and I will be happy to help you.
  • #2,527
  • Jan 19, 2009 8:05am Jan 19, 2009 8:05am
Quoting doblece
Just to let you know that I won't be around for a few days... I'll be back on wednesday or thursday. Take care and plenty of green pips to you all!
Have a great trip CC.

We'll gonna miss you.
  • #2,528
  • Jan 19, 2009 8:52am Jan 19, 2009 8:52am
Quoting cobraforex
For scalping I use the Asian session, for trading 5M or higher the complete London session.

Hi Cobra,

When you talk about Scalping, Do you have the objective to reach +15 pips or less and beginning another trade if the rules of system are given?. Well, with your system when I'm doing scalping, if I see the trade is in +5 pips, I close the position, but using a ratio of profit/loss +5/-20 which is not good. Now it seems risky if I use a ratio 1:1 with +15/-15 for example, help me pls!!
  • #2,529
  • Jan 19, 2009 9:06am Jan 19, 2009 9:06am
Quoting Baqtrader
Hi Cobra,

When you talk about Scalping, Do you have the objective to reach +15 pips or less and beginning another trade if the rules of system are given?. Well, with your system when I'm doing scalping, if I see the trade is in +5 pips, I close the position, but using a ratio of profit/loss +5/-20 which is not good. Now it seems risky if I use a ratio 1:1 with +15/-15 for example, help me pls!!
Bagtrader, scalping is a very sharp knife and needs to be handled with care. Most new traders that start up with scalping blow their accounts.
There are many factors to be taken in account to take a scalp trade, same thing as for longer term trades. (PA of gold, oil, other correlating pairs, Dow, Dax, TL's, HL's etc)
In case that you want to try 1M scalping on a demo, look that your scalp direction is always in the trend direction of the 5M and you will be more secure.
  • #2,530
  • Jan 19, 2009 10:13am Jan 19, 2009 10:13am
well, i didn't trade because the market didn't give me my setups. there is a lot of major new coming out tonight though.
  • #2,531
  • Jan 19, 2009 10:23am Jan 19, 2009 10:23am
Quoting sed34
well, i didn't trade because the market didn't give me my setups. there is a lot of major new coming out tonight though.
The best chance to enter in a trade was the break and retest of the DP today, the red box.
A good R/R.
Attached Image (click to enlarge)
Click to Enlarge Name: trade19.1..gif Size: 38 KB
  • #2,532
  • Jan 19, 2009 10:25am Jan 19, 2009 10:25am
Quoting sed34
well, i didn't trade because the market didn't give me my setups. there is a lot of major new coming out tonight though.
Yes, today was not easy.
  • #2,533
  • Jan 19, 2009 10:41am Jan 19, 2009 10:41am
Yeah, right.

But was THE day for scalping like I imagined
  • #2,534
  • Jan 19, 2009 10:54am Jan 19, 2009 10:54am
Quoting cobraforex
Yeah, right.

But was THE day for scalping like I imagined
You certainly are the scalpmeister.
  • #2,535
  • Jan 19, 2009 10:57am Jan 19, 2009 10:57am
PA now breaking out of the down channel. Possible retrace to higher levels coming. Watch your THV!
  • #2,536
  • Jan 19, 2009 11:10am Jan 19, 2009 11:10am
Cobra, just a simple question about your entry today. Why you was not shorting around break and retest at MR1 area? Is it because of the London session hasn't start yet? Many thanks before.

Quoting cobraforex
The best chance to enter in a trade was the break and retest of the DP today, the red box.
A good R/R.
Manage your risk accordingly and you're half done your home work.
  • #2,537
  • Jan 19, 2009 11:29am Jan 19, 2009 11:29am
Quoting personalme
Cobra, just a simple question about your entry today. Why you was not shorting around break and retest at MR1 area? Is it because of the London session hasn't start yet? Many thanks before.
I didn't say that I didn't, I only gave an example where we had a good and secure entry.

A break and retest of a Daily Pivot is a good reason to enter in a trade.
  • #2,538
  • Jan 19, 2009 11:35am Jan 19, 2009 11:35am
Quoting personalme
Cobra, just a simple question about your entry today. Why you was not shorting around break and retest at MR1 area? Is it because of the London session hasn't start yet? Many thanks before.
Don't know what Cobra's answer will be, but I can tell you I took the trade at about 6:50 GMT and rode it down for 76 pips. But it was a bit of a dangerous trade because there was support on the 5 min chart in that area. I just used a tight stop.
  • #2,539
  • Jan 19, 2009 12:16pm Jan 19, 2009 12:16pm
I think my days in FF are counted now, I presented this system and I see no chance for improvements now.

What was needed to say and explain is done and I hope that all of you take some advantage of the efforts that my team made.
I feel that FF is not what it was before and the support to help each others is almost gone.

Reason to be sad and on the other side disappointed is this post that I received from a 10+ voucher FF member that had the possibility to help but instead he was completely destroying my thoughts of FF, helping others where you can.

I will spend my free time now learning to code to be independent, that is the only way to progress this system.

I will leave this thread open until I see that things are slipping away.

For me was a pleasure to go till here, but I can’t go any further without the help of a coder.


Be the pips with all of you.
  • #2,540
  • Jan 19, 2009 12:29pm Jan 19, 2009 12:29pm
Hey Cobra - I hope you dont leave. I've used your system to some really good success. I think it does a remarkable job of telling you exactly when to get in and when to get out and book your profits. Hardly any false signals like any other system I've used.

I have one problem...At work where I am most of the day I cant connect to Meta-trader because of the proxy...I've been trying to brainstorm of some ways that I could still use THV...Is there a Moving average that you know of that mimicks the Coral pretty decently? I have acess to another charting software at work but its not meta-trader andd you cant run any scripts/indicators on it besides the ones built in...

Not having THV at work is really inhibiting my gains and causing me to take alot of false signals that I wouldnt havent taken if I was home in front of THV...
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