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THV system, final edition

  • #2,581
  • Jan 20, 2009 1:57am Jan 20, 2009 1:57am
thank you all for directions and pointers. Yeah, i'm on page two now...Take care

Have a good one
Jeff
~*~You are only one trade away from humility~*~
  • #2,582
  • Jan 20, 2009 2:04am Jan 20, 2009 2:04am
Quoting PistolDave
I placed a trade last week on a setup just like the one you show, and it worked out fine that time, but I don't think I was following the rules properly.

On page 5 of the THV v2 manual it says:

"We only take a long trade when the cloud, T3 and price is above the Coral and short below the Coral. Exception is if, like shown in the picture, the price recently breaks the Coral; we wait for a retest of the Coral, the cloud or a R&S to enter in the trade."

I misunderstood and thought it was ok to place the trade immediately...

Hi PistolDave:

I think this setup here on Spot Gold should illustrate the pullback for a test of Coral and the Cloud. Take care

Have a good one
Jeff
Attached Image (click to enlarge)
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~*~You are only one trade away from humility~*~
  • #2,583
  • Jan 20, 2009 2:11am Jan 20, 2009 2:11am
Quoting jharteam
Hi PistolDave:

I think this setup here on Spot Gold should illustrate the pullback for a test of Coral and the Cloud. Take care

Have a good one
Jeff
Cobra has made a special gold Trix. If you are interested you can PM him. I think he also made a special template for oil.
  • #2,584
  • Jan 20, 2009 2:12am Jan 20, 2009 2:12am
Quoting TradeWell
Cobra has made a special gold Trix. If you are interested you can PM him. I think he also made a special template for oil.
whao, thanks alot, Tradewell. I surely will . Take care.

Jeff
~*~You are only one trade away from humility~*~
  • #2,585
  • Jan 20, 2009 2:16am Jan 20, 2009 2:16am
Quoting TradeWell
You have noticed that the pullback does not always happen. It is another confirmation for the trade but is not necessary. If all the other rules are met, the trade is OK. It is just an exception for when the rules haven't quite been met.
OK, thanks.

I didn't know that was the case. It seemed to make sense, but you know, I was trying to go exactly by the rules in the manual.

Like anything else, judgement and experience come into play too. As you can see, I don't have a lot of trading time under my belt with this one yet.

But soon...
  • #2,586
  • Jan 20, 2009 2:58am Jan 20, 2009 2:58am
Quoting cashmeer
That's right...I spent 4 hours in the Aisan Session getting up to 40 pips and I should have walked away...

The London session is not like the Aisan session and it taught me a good lesson. Hopefully I'll learn from that lesson.

This is the most sensible thread I have ever read...honestly....let's keep it going....

Cobra, what goes around comes around! Some of us will eventually pass on the information in the same way that you did....

You'll go down in history as the great....ahm....the Great Cobra!?

Maybe we'll have to come up with some...
Good morning Cashmeer. You're right about Asian versus London today. I got up 2 1/2 hours ago - to not much going on. Those things happen, but as Cobra said in an earlier post, it is important not to overtrade the THV. Just when you think the T3 will never cross the cloud and Coral again, BOOM - a big opportunity erupts.

Patience is the key while we get beyond either 2946 or 2990.

Best to you, and peace.
Up or down, gimme a ticket
  • #2,587
  • Jan 20, 2009 3:31am Jan 20, 2009 3:31am
The attached chart may be a good set-up. I was short from 2955, at 0940gmt. My trade got to +20 but then drew back to close me out at +1. Hopefully, that is the typical "THV pullback" and we're ready to break a good one short. I'm back with a pending trade at 2939, looking to TP at 2890. If it gets that far, actual next support should be 2848.

Hope this helps. Good trading to all.

Edit: As I write this, price has gone all the way back up to the popular 2972 resistance. Tough time to be trading. Caution.
Attached Image (click to enlarge)
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Up or down, gimme a ticket
  • #2,588
  • Jan 20, 2009 3:33am Jan 20, 2009 3:33am
Please take a look at the chart I just posted and tell me what you would have done. I'm not too good with Trix. Would like to hear what Trix is telling you on that chart.

Thanks.
Up or down, gimme a ticket
  • #2,589
  • Jan 20, 2009 3:40am Jan 20, 2009 3:40am
Quoting SpecialEd
Please take a look at the chart I just posted and tell me what you would have done. I'm not too good with Trix. Would like to hear what Trix is telling you on that chart.

Thanks.
I would have had a TPat 2936 based upon the support level at 08:00 GMT.
  • #2,590
  • Jan 20, 2009 3:41am Jan 20, 2009 3:41am
Quoting DocPMD
I would have had a TPat 2936 based upon the support level at 08:00 GMT.
Yes, I should have taken that, but was getting greedy, hoping for a long run. Thanks for your feedback DocPMD.
Up or down, gimme a ticket
  • #2,591
  • Jan 20, 2009 4:09am Jan 20, 2009 4:09am
Quoting sed34
i'm curious now. got me anxiously waiting.
great ,respect ,smart, wish succsess,appreciate you, w a i t t i n g thx
  • #2,592
  • Jan 20, 2009 5:11am Jan 20, 2009 5:11am
Quoting SpecialEd
Please take a look at the chart I just posted and tell me what you would have done. I'm not too good with Trix. Would like to hear what Trix is telling you on that chart.

Thanks.
It looks like Trix came into line with that trade at the right time. In fact, I would have taken that trade but with my new trading hours I fell asleep in my chair. I don't know if I can make these hours work for me plus I have traded 4 London sessions and none of them were very good. I am open to any feedback as to whether or not trading London is worth these vampire hours.
  • #2,593
  • Jan 20, 2009 5:17am Jan 20, 2009 5:17am
Quoting TradeWell
It looks like Trix came into line with that trade at the right time. In fact, I would have taken that trade but with my new trading hours I fell asleep in my chair. I don't know if I can make these hours work for me plus I have traded 4 London sessions and none of them were very good. I am open to any feedback as to whether or not trading London is worth these vampire hours.
London has usually worked well for me, but lately it's been rough, I agree. TW, there are trades all over the place. With you being on east coast, I'd try trading Aussie session before bed, and then get up at 4:30 or 5:00 for beginning of NY. Be consistent with that, if it suits your sleeping hours better, and I bet you'll hit daily targets.
Up or down, gimme a ticket
  • #2,594
  • Jan 20, 2009 5:24am Jan 20, 2009 5:24am
Quoting SpecialEd
London has usually worked well for me, but lately it's been rough, I agree. TW, there are trades all over the place. With you being on east coast, I'd try trading Aussie session before bed, and then get up at 4:30 or 5:00 for beginning of NY. Be consistent with that, if it suits your sleeping hours better, and I bet you'll hit daily targets.
In fact the hours you propose are the hours I was trading. I traded Sydney, first half of Tokyo, then second half London and all of New York. I was doing just fine but I wanted to have better opportunities. I am afraid that the new sleep hours may affect my trading negatively if I am not alert and healthy. On the other hand, I've only given the London session 4 chances so maybe I should at least finish the week to see if it can work.

Excuse us everyone for getting off topic.
  • #2,595
  • Jan 20, 2009 5:29am Jan 20, 2009 5:29am
I have the latest MT V220 but I can't seem to get the template from the first page loaded properly. I've put it into my template folder and I get a gray chart on my platform but it doesn't have any candles or indicators on it. Would someone be kind enough to tell where I'm going wrong? Thank you.
  • #2,596
  • Jan 20, 2009 5:35am Jan 20, 2009 5:35am
Quoting Toothman
I have the latest MT V220 but I can't seem to get the template from the first page loaded properly. I've put it into my template folder and I get a gray chart on my platform but it doesn't have any candles or indicators on it. Would someone be kind enough to tell where I'm going wrong? Thank you.
It is likely you need to close and reopen MT4. If that doesn't work, download and reinstall the files again (make sure they are in the right place). If that fails, you need to contact our technical director, doblece, who is not available for a couple days, so you can PM her and she will get back to you sometime. Try the restart and reinstall first though.
  • #2,597
  • Jan 20, 2009 6:31am Jan 20, 2009 6:31am
There's a divergence in EUR/USD. the Support is very strong.
Attached Image (click to enlarge)
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What does not kill me makes me stronger. Friedrich Nietzsche,
  • #2,598
  • Jan 20, 2009 6:31am Jan 20, 2009 6:31am
Quoting jharteam
Hi PistolDave:

I think this setup here on Spot Gold should illustrate the pullback for a test of Coral and the Cloud. Take care

Have a good one
Jeff
Quoting TradeWell
Cobra has made a special gold Trix. If you are interested you can PM him. I think he also made a special template for oil.
never thought of scalping in Gold or Oil before ... seems interesting .. i will spend sometimes on that, practicing.

will you Cobra or anyone please attach those modifications for Gold and Oil here?
  • #2,599
  • Edited 6:58am Jan 20, 2009 6:56am | Edited 6:58am
Quoting SpecialEd
Please take a look at the chart I just posted and tell me what you would have done. I'm not too good with Trix. Would like to hear what Trix is telling you on that chart.

Thanks.
Ed, you did not post the 1m or 15m, but it looks like a small retrace to me at least back to coral maybe, then could continue down depending on other timeframes. Important...YOU HAD STOP LOSS AT BE OR IN POSITIVE

You gotta love those kind of losses!
EDIT: As I posted earlier, it seems a crossover of the green trix of red could be indication of retrace or reversal. Depends on location of trendline and pivots.
  • #2,600
  • Edited 7:15am Jan 20, 2009 7:01am | Edited 7:15am
Quoting mentos
never thought of scalping in Gold or Oil before ... seems interesting .. i will spend sometimes on that, practicing.

will you Cobra or anyone please attach those modifications for Gold and Oil here?
You have to PM Cobra to get those, although they may be somewhere on the thread....

ADD: I searched but couldn't find them, so PM Cobra.
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