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THV system, final edition

  • #2,761
  • Jan 21, 2009 11:10am Jan 21, 2009 11:10am
Quoting SeerEye
with the help of all of you on this thread, I am beginning to make divergence a routine in my 'seeing' the charts - I'm not there yet (missed that one TradeWell), but progress is being made -

thx
Well I missed it too because I am short biased and therefore avoid going long right now. But it's good to watch it anyway to see how it works.

And Cashmeer, she will cheat on you every now and then but in the end she is mostly reliable!
  • #2,762
  • Jan 21, 2009 11:13am Jan 21, 2009 11:13am
Quoting sundowner
Cobra, please delete this post if you think it distracts from the intent of your thread.
Regards
No way, that was a constructive input and thanks for that.

Fiblevels, like TW already pointed out, are part of the system, even if we didn't hightlight them to much till now.

Keep on the good thoughts.
  • #2,763
  • Jan 21, 2009 11:14am Jan 21, 2009 11:14am
Quoting cobraforex
Wow, now you should celebrate that victory.

Really great, I'm happy that you got it.

I made the first video after mastering that software a bit, it's only a prove, better ones will follow.
Cobra, great job on your first attempt at producing a video. Video and audio were great, and your english was fine. Hell, you're already ahead of Algirdas!

Thanks for taking the time, Cobra. Quite a guy, and I'm grateful for your help.
Up or down, gimme a ticket
  • #2,764
  • Jan 21, 2009 11:34am Jan 21, 2009 11:34am
How many hours a day do you trade? 5/6
Number of days per week? monday-friday
Numbers of pairs watched and what they are? EUR/USD, AUD/USD
What session (London, Asia, NY, etc.) London, NY
  • #2,765
  • Jan 21, 2009 11:36am Jan 21, 2009 11:36am
Quoting SeerEye
with the help of all of you on this thread, I am beginning to make divergence a routine in my 'seeing' the charts

thx
In the charts of most of you I see that you give value (space) on that chart to the trix, it is my most important indicator, take all away but leave me the Trix please.

The correlation on PA and Trix is like an open book to read after watching it several weeks.

If something shows up that I didn't see before I stay out of trade.

The trix give us information on Momentum, divergence trend direction and overbought and oversold areas, also you can trigger flat markets.

I think it will take me at least two videos to show all that it can do.
  • #2,766
  • Jan 21, 2009 11:38am Jan 21, 2009 11:38am
Quoting SpecialEd
Cobra, great job on your first attempt at producing a video.
If I only could learn coding as fast as broadcasting videos
  • #2,767
  • Jan 21, 2009 11:39am Jan 21, 2009 11:39am
Quoting bythepound
Hi Gang,
Love the THV system – thanks Cobra.
I am doing a survey of traders trying to determine the following:

How many hours a day do you trade?
Number of days per week?
Numbers of pairs watched and what they are?
What session (London, Asia, NY, etc.)
[font=Calibri][size=3]Can anyone answer these...
How many hours a day do you trade?7==>12
Number of days per week? 5
Numbers of pairs watched and what they are?EUR/USD AND STARTED WATCHING AUD/USD,
What session (London, Asia, NY, etc.) SOME AUSSIE,SOME ASIAN, SOMETIMES LONDON(IF ALARM GETS MY FAT-A$$ UP) EARLY AND LATE U.S
  • #2,768
  • Jan 21, 2009 11:43am Jan 21, 2009 11:43am
Quoting cashmeer
I used to love divergence but then she cheated on me a couple of times!
...
Most trades where I make a very good ammount of pips the divergence is involved but many other critics are coming in play as well to confirm it.

Yeah sometimes she cheats but how many times pattern cheat?
  • #2,769
  • Jan 21, 2009 11:43am Jan 21, 2009 11:43am
there you are

Quoting bythepound
Hi Gang,
Love the THV system – thanks Cobra.
I am doing a survey of traders trying to determine the following:

How many hours a day do you trade? 10-12
Number of days per week? 5
Numbers of pairs watched and what they are? mostly EUR/USD
What session (London, Asia, NY, etc.) mostly overlap london/NY and quick scalping in asian session
  • #2,770
  • Jan 21, 2009 12:07pm Jan 21, 2009 12:07pm
Quoting bythepound
How many hours a day do you trade?
BTW, on this question I want to clarify. For my response, I am not actively trading all of those hours but I am actively watching. I can take a trade at any time. Some days I'll watch 12 hours but do no trades. I suppose it is similar for others here.
  • #2,771
  • Jan 21, 2009 12:14pm Jan 21, 2009 12:14pm
Hi Cobra & team,

I'm new in forex. Basically, I'm using your system for my demo account and the result is some win and some loss. I guess this is normal.

For buy entry or sell entry as well as buy exit and sell exit. I'm referring to M1 and M5.

Let discuss about loss trade.
condition:
1. Corel line cross price line. price line now below corel line in M1 and after in M5 chart. (same condition for win trade)
- this condition (after the event) I place buy. same candle stick for M5.

Obviously I don't have any good experience in forex. Is there other indicator beside "feeling" that I can use to ovoid loss/ minimal the loss. cause I can't afford to have huge capital. (only USD 300 )

Anybody have suggestion please advise.

I have tested forexkiller2 today. It really "kill" my equity (more then 10 hours now but still didn't hook + pips). I'm lost of touch actually.. (Psychology very weak)

regards,
ps: Cobra and team, your effort on this thread was real amazing. Thankssssss!!!! Looking forward for video 2 for technical.
  • #2,772
  • Jan 21, 2009 12:23pm Jan 21, 2009 12:23pm
Some tips:
read the entire thread, go as well to threads like James16 and Jacko.

Don't trade live untill you can manage to be in positive pips for 3 month at least.

Your equity don't allow you to lose anything, only trade micro lots (1 cent a pip) and don't lose more than 1% a trade, set your SL acording to that rule and you will be fine.
Quoting khelemen
Hi Cobra & team,

I'm new in forex. Basically, I'm using your system for my demo account and the result is some win and some loss. I guess this is normal.

For buy entry or sell entry as well as buy exit and sell exit. I'm referring to M1 and M5.

Let discuss about loss trade.
condition:
1. Corel line cross price line. price line now below corel line in M1 and after in M5 chart. (same condition for win trade)

Obviously I don't have any good experience in forex. Is there other indicator beside "feeling" that I can use to ovoid loss/...
  • #2,773
  • Jan 21, 2009 12:30pm Jan 21, 2009 12:30pm
Quoting khelemen

I have tested forexkiller2 today. .
Don't spend money in this crap (most EA's fall under that category as well), better use it for your trading account or good books like "Trading in the Zone".

Most of the books you can download (ebooks) for free but some have such a great educative value that it make sense to get a paid hardcopy
  • #2,774
  • Jan 21, 2009 12:57pm Jan 21, 2009 12:57pm
Quoting khelemen
Hi Cobra & team,

I'm new in forex. Basically, I'm using your system for my demo account and the result is some win and some loss. I guess this is normal.

For buy entry or sell entry as well as buy exit and sell exit. I'm referring to M1 and M5.

Let discuss about loss trade.
condition:
1. Corel line cross price line. price line now below corel line in M1 and after in M5 chart. (same condition for win trade)
- this condition (after the event) I place buy. same candle stick for M5.

Obviously I don't have any good experience in forex....
use a filter to help find a true signal. i'm experimenting with one with some good results. do some searching about filter indicators. you will get a lot of them.
  • #2,775
  • Jan 21, 2009 1:04pm Jan 21, 2009 1:04pm
I see that most of you trade like atleast 8 hrs a day. Do all of you have a daily target of pips (like cobra, he already stated elsewhere in this thread that his target is 40/day). I wonder what about others? does it really take 8 hrs to make that 40 or 50 pips? if you achive your target in 1 hr, what do you do after that? still continue trading or close the shop?

With a full time job, I dont think I can afford 8 hrs on trading too, but I do like the idea of 40/50 target a day, am I thinking wrong dont know.
But I would like to see your comments.

Thanks
  • #2,776
  • Jan 21, 2009 1:08pm Jan 21, 2009 1:08pm
everybody, does the coral hold up on m1 charts. its act as support/resistance on the m5 pretty good, but does it do a good job on the m1?
  • #2,777
  • Jan 21, 2009 1:14pm Jan 21, 2009 1:14pm
Quoting karun
I see that most of you trade like atleast 8 hrs a day. Do all of you have a daily target of pips (like cobra, he already stated elsewhere in this thread that his target is 40/day). I wonder what about others? does it really take 8 hrs to make that 40 or 50 pips? if you achive your target in 1 hr, what do you do after that? still continue trading or close the shop?

With a full time job, I dont think I can afford 8 hrs on trading too, but I do like the idea of 40/50 target a day, am I thinking wrong dont know.
But I would like to see...
Depending on the time waiting for the right setup to archive my daily target I close the shop, like you say.

If this occours pretty fast I keep looking for another setup.

My min. time to trade (or just watch if there is no other setup) is 5 hours if I get the book filled, if not I extend till max. 9 hours.


Those numbers refere to my hardcore (standart) account but sometimes I'm bored and use my mini account to scalp the Asian or late NY session.

BTW: I just grabbed a nice scalp trade on video, may be at night I'll edit it and upload.
  • #2,778
  • Jan 21, 2009 1:31pm Jan 21, 2009 1:31pm
Quoting sed34
everybody, does the coral hold up on m1 charts. its act as support/resistance on the m5 pretty good, but does it do a good job on the m1?
If you don't wanna use it on 1M have a look where the trend is hiding to at 5M (red trix line and TL's) and take trades in that direction, any countertrend can eat your hard earned pips.
Attached Image
  • #2,779
  • Jan 21, 2009 1:58pm Jan 21, 2009 1:58pm
Quoting karun
I see that most of you trade like atleast 8 hrs a day. Do all of you have a daily target of pips (like cobra, he already stated elsewhere in this thread that his target is 40/day). I wonder what about others? does it really take 8 hrs to make that 40 or 50 pips?...
I sort of have a goal but just like the market, trading comes in trends. If I'm having a good day I won't stop unless the market starts changing. Similarly, if it is a zero day I am not going to try and force trades just because I have a goal. So I do have a monthly goal, but I don't expect all the days to be equal. Also keep in mind most of your day is not trading, but studying. You are always in school when you are a trader.

Cobra is an exception. He is the scalpmeister so he can have as much of a goal as he wants.
  • #2,780
  • Jan 21, 2009 2:32pm Jan 21, 2009 2:32pm
Quoting cobraforex
http://www.forexfactory.com/attachme...1&d=1232566291
Listen to the whispers.... You may learn something
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