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THV system, final edition

  • #2,781
  • Jan 21, 2009 2:53pm Jan 21, 2009 2:53pm
Quoting cobraforex
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....

Nice!
Looking forward to see the video!!
  • #2,782
  • Jan 21, 2009 2:56pm Jan 21, 2009 2:56pm
A great signal this afternoon on 5M, badly I traded it only on my mini account.

I looked for a good scalp entry (for a video) after break of MS1, took it and stayed in till almost touch of R1. On 5m no one red candle with a total of +130 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: entry 21.gif Size: 33 KB
  • #2,783
  • Jan 21, 2009 3:06pm Jan 21, 2009 3:06pm
Quoting cobraforex
A great signal this afternoon on 5M, badly I traded it only on my mini account.

I looked for a good scalp entry (for a video) after break of MS1, took it and stayed in till almost touch of R1. On 5m no one red candle with a total of +130 pips.
i saw it differently. I traded the m1 and got some. i wouldn't have traded the m5 as the worms were showing and also they were waaaayyy over the red limit.
  • #2,784
  • Jan 21, 2009 3:08pm Jan 21, 2009 3:08pm
Quoting cobraforex
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.
i'm like that gif. right click->save
  • #2,785
  • Jan 21, 2009 3:15pm Jan 21, 2009 3:15pm
Quoting sed34
i saw it differently. I traded the m1 and got some. i wouldn't have traded the m5 as the worms were showing and also they were waaaayyy over the red limit.
You didn't read well about the RSI worms, they show us in this case an overbought signal but I say in the first page that this means that the PA MAY considerate or reverse but in strong trends like the one we had now with lage candles I'm watching the worms but go out only at an additional reversal sign.

I was almost chicken out the trade on touch of the DP.

BTW: now touch of MR2 but enough is enough
  • #2,786
  • Jan 21, 2009 3:29pm Jan 21, 2009 3:29pm
I leave to nap come back boom - eur/usd is up 175 pips - with entries on the 1m and 5m so easy and obvious a caveman could have done it.

some days you're the windshield - some days you're the bug.
Pip what you see; See what you pip!
  • #2,787
  • Jan 21, 2009 3:31pm Jan 21, 2009 3:31pm
Quoting cobraforex
You didn't read well about the RSI worms, they show us in this case an overbought signal but I say in the first page that this means that the PA MAY considerate or reverse but in strong trends like the one we had now with lage candles I'm watching the worms but go out only at an additional reversal sign.

I was almost chicken out the trade on touch of the DP.

BTW: now touch of MR2 but enough is enough
Now I see divergence on 5M, and have for a while. Yet price is moving up. Is this a possible sign of a big move down, to correct? Or does the time that divergence is lasting have anything to do with it? Or maybe it is "false" divergence?
  • #2,788
  • Jan 21, 2009 3:33pm Jan 21, 2009 3:33pm
seems like people are still getting out because of the triple rollover.
  • #2,789
  • Jan 21, 2009 3:36pm Jan 21, 2009 3:36pm
Quoting TradeWell
Now I see divergence on 5M, and have for a while. Yet price is moving up. Is this a possible sign of a big move down, to correct? Or does the time that divergence is lasting have anything to do with it? Or maybe it is "false" divergence?
This can be a retest of a recent TL on 4H, on the left side of the chart you notice a high of a wave in late Nov.
Attached Image (click to enlarge)
Click to Enlarge Name: retest4h.gif Size: 24 KB
  • #2,790
  • Jan 21, 2009 3:38pm Jan 21, 2009 3:38pm
Quoting sed34
seems like people are still getting out because of the triple rollover.
If that's true, we would see a big sell after 2pm EST. But I don't think that phenomenon affects price THAT much.
  • #2,791
  • Jan 21, 2009 3:50pm Jan 21, 2009 3:50pm
On the last big move down from the 1.3380 high of last week, we never retraced to at least the 38.2 fib, until now. Perhaps that needed to be done in order to resume the down trend. So maybe between that, the stock market jump and the triple roll, is was inevitable that we would see this climb.
  • #2,792
  • Jan 21, 2009 3:51pm Jan 21, 2009 3:51pm
Conforming a Pinbar in EUR/USD 1h. Reverse?
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #2,793
  • Jan 21, 2009 4:03pm Jan 21, 2009 4:03pm
Quoting ikki
Conforming a Pinbar in EUR/USD 1h. Reverse?
That's a real 1H monster pinbar, lol.

But I would like to see a nice confirmation candle to step in again.

Other than that I don't have any clue what caused that bull move (beside of that there where more buyers than sellers), may be I'm missing something.
  • #2,794
  • Jan 21, 2009 4:04pm Jan 21, 2009 4:04pm
Quoting ikki
Conforming a Pinbar in EUR/USD 1h. Reverse?
Also, a potential H&S on 5M.
  • #2,795
  • Jan 21, 2009 4:06pm Jan 21, 2009 4:06pm
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?
I don't know if they have already been posted but anyway you all can find any of the previous attachments under the paper clip:

Click on the paper clip at the right of the page, above the rating (where all attachments of the thread are).

Click on "Hide attached images".

Search for:
THV T3 Trix GLD.ex4 (gold) (about number 18 on the list)
THV T3 Trix Crude.ex4 (oil) (10 places later)

I'm just back and reading all what was posted since I left.
Much pips to everyone.
  • #2,796
  • Jan 21, 2009 4:10pm Jan 21, 2009 4:10pm
Quoting cobraforex
Somebody has a free software or link to elaborate Flash videos?
This is the one I use, is free and gives quite a good video quality:
http://www.speedapps.com/desktoprecorder.htm
  • #2,797
  • Jan 21, 2009 4:13pm Jan 21, 2009 4:13pm
We have a support in this level (the red box) from a recent high yesterday.

Once broken we might look for a valid short setup.
Attached Image (click to enlarge)
Click to Enlarge Name: retest4h2.gif Size: 32 KB
  • #2,798
  • Jan 21, 2009 4:13pm Jan 21, 2009 4:13pm
Hi CC! You're back!
  • #2,799
  • Jan 21, 2009 4:17pm Jan 21, 2009 4:17pm
Quoting TradeWell
Yes, definitely. The key here is once that day is over, it is a new day and you have to FORGET about your great day. Your worst day could come the next day and you have to recognize it early so you can back off before you get sucked into big losses.
Absolutely right.
In fact, when an excellent and "way over the norm" trading day, we may tend to start feeling over powerful and precisely THEN is when and where the danger lies... we overlook risks, we might even break some rules as we feel over confident... that's why its important to take it easy and even maybe take a day off when we have been getting high winnings... as in the price charts, our own statistic graph of winnings has just made a big spike... and we all know that a big correction is usual after those... keeping one's own daily chart as to results can be useful to predict or prevent the next fluctuations.
  • #2,800
  • Jan 21, 2009 4:19pm Jan 21, 2009 4:19pm
Quoting doblece
This is the one I use, is free and gives quite a good video quality:
http://www.speedapps.com/desktoprecorder.htm
Thanks CC, I got Camtasia Studio 6, I think it's the best in the market, thanks to Ikki.

Great to have you back, we all missed you.
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