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THV system, final edition

  • #2,801
  • Jan 21, 2009 2:20pm Jan 21, 2009 2:20pm
Quoting TradeWell
How many hours a day do you trade? about 12
Number of days per week? all 5
Numbers of pairs watched and what they are? 1 pair EUR/USD
What session (London, Asia, NY, etc.) 2nd half London, NY, 1st half Asia
As I trade exactly the same hours, ditto on my side to TradeWell's post.
  • #2,802
  • Jan 21, 2009 2:27pm Jan 21, 2009 2:27pm
Cobra,
A little pinbar in these pairs. If break the support will be a huge movement
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #2,803
  • Jan 21, 2009 2:29pm Jan 21, 2009 2:29pm
Quoting doblece
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...
as Always Doblece - sage advice. I was up early in US session today - VERY skittish and rightly so (nasty PA) on giving any pips back, so no trading. Even missed out on big move this afternoon - and that's O.K. - my basket is still full and I'm in the game growing daily. Thank you for your contribution to my pip basket -
Pip what you see; See what you pip!
  • #2,804
  • Jan 21, 2009 2:31pm Jan 21, 2009 2:31pm
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 scalping, it will depend on how much the market is moving, but in 8 hours you can make much more than 40 or 50 pips... and also much less
Usually during late USA - pre-Asia and scalping with a pip-per-trade target around 3 to 10, if well focused I have been targeting 100 pips as average, with real results between 40 and 130 pips for a time span of 6 hours with interruptions every hours more or less (I can keep full focus for around one to two hours then I have to take some rest, and continue). Wouldn't be a good reference though as I am trading on a much smaller TF than M1.
And with a much smaller risk than on the main account.

My target for my main account is 20 pips minimum a day in pre-USA, middle London, sometimes I don't trade at all depending if there are too much news, but the range would be 20-40 pips in a 2/3 hours time span.

If my daily targets are achieved, I close the platform (so I don't get tempted to overtrade) and do other things.
  • #2,805
  • Jan 21, 2009 2:33pm Jan 21, 2009 2:33pm
Doblece, good to see you back.

Going to try this.
Always wanted to make a video for the Dutch traders, as they refuse to read English and now I can make it visual.

I have the THV thread on my website, so they can always go back to the original material if their English lacks enough knowledge.

Quoting doblece
This is the one I use, is free and gives quite a good video quality:
http://www.speedapps.com/desktoprecorder.htm
  • #2,806
  • Jan 21, 2009 2:36pm Jan 21, 2009 2:36pm
Quoting ikki
Cobra,
A little pinbar in these pairs. If break the support will be a huge movement
I'm just looking that Asia yesterday wanted the price up, now it's up, let's see if they gonna give another push to the north.

But sometimes they are very nasty and do the opposite of the recent move.
  • #2,807
  • Jan 21, 2009 2:42pm Jan 21, 2009 2:42pm
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? 5-10 hrs per day
Number of days per week? 5
Numbers of pairs watched and what they are? G/U, E/U, G/Y and FTSE ind
What session (London, Asia, NY, etc.) London, 1/2 NY

by "trading" I mean watch the markets. Usually "only" 1-3 trades per day of the 5min/15min chart

I'm still a newbie, only been on a live account for the past 2 mths

brgds John
  • #2,808
  • Jan 21, 2009 2:46pm Jan 21, 2009 2:46pm
I see a divergence on the 5 min. Seems that would throw caution into the mix for a long here - any comments? -
Pip what you see; See what you pip!
  • #2,809
  • Jan 21, 2009 2:50pm Jan 21, 2009 2:50pm
Most of the time around these hours the market is so thin, that it would be better to catch some sleep and get back for the London session.
  • #2,810
  • Jan 21, 2009 2:50pm Jan 21, 2009 2:50pm
analyzing a buy signal now. will look at the m1
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  • #2,811
  • Jan 21, 2009 2:51pm Jan 21, 2009 2:51pm
Quoting Freddyfx
Most of the time around these hours the market is so thin, that it would be better to catch some sleep and get back for the London session.
i'm in the US. i don't trade the london session anymore.
  • #2,812
  • Edited 3:11pm Jan 21, 2009 2:56pm | Edited 3:11pm
Quoting SeerEye
I see a divergence on the 5 min. Seems that would throw caution into the mix for a long here - any comments? -
I'm sitting on my hands till Tokio starts with some action.

Have a pending short order on 1.2990 and a long on 1.3125 on my mini player account.

Edit, I might adjust those levels depending on the new pivot levels coming out later.
  • #2,813
  • Jan 21, 2009 3:00pm Jan 21, 2009 3:00pm
Whatever amigo, that is where the BIG action is always taking place.
You can hang in here and make yourself miserable about the strange moves in these hours, but there have been made various statistical charts that show where the action is taking place...............as watching paint dry is not an interesting activity.

On the other hand I do agree that trading with a clear mind is far better then with a sleepy head, but as long as you book the pips, keep doing what works the best for you.



Quoting sed34
i'm in the US. i don't trade the london session anymore.
  • #2,814
  • Jan 21, 2009 3:08pm Jan 21, 2009 3:08pm
Quoting Freddyfx
Whatever amigo, that is where the BIG action is always taking place.
You can hang in here and make yourself miserable about the strange moves in these hours, but there have been made various statistical charts that show where the action is taking place...............as watching paint dry is not an interesting activity.

On the other hand I do agree that trading with a clear mind is far better then with a sleepy head, but as long as you book the pips, keep doing what works the best for you.
Right Freddy, London moves the biggest part of the FX cake.
  • #2,815
  • Jan 21, 2009 3:16pm Jan 21, 2009 3:16pm
its the quality(lot sizes) of pips. not the quantity. 40 pips is more than enough to get from the US session and asian session.

trade the london at what cost. caffeine addiction, big dark bags under your eyes, your health? lol.
  • #2,816
  • Jan 21, 2009 3:32pm Jan 21, 2009 3:32pm
Quoting sed34
its the quality(lot sizes) of pips. not the quantity. 40 pips is more than enough to get from the US session and asian session.

trade the london at what cost. caffeine addiction, big dark bags under your eyes, your health? lol.
Right Sed (sed is thirsty in spanish and reminds me on something).


Making 40 pips in your favorite session with two standart lots is 800$ daily, that's money doesn't matter where you live.
  • #2,817
  • Jan 21, 2009 3:44pm Jan 21, 2009 3:44pm
Quoting cobraforex
Right Sed (sed is thirsty in spanish and reminds me on something).


Making 40 pips in your favorite session with two standart lots is 800$ daily, that's money doesn't matter where you live.
exactly...

I wanted to mention something I noticed about the asian session, but maybe I haven't traded it enough...I traded it the last few days and made sufficient pips...

I noticed that the Asian Session ususally gives you two opportunities: 1.) to get your pips and 2.) to get out at break even if things start to change and move against you.

It moves slower than the London and London NY session where, once it moves against you it is usually "Adios Amigos!"

Any substance to this?
Deprive a man of everything and you give him nothing to lose.
  • #2,818
  • Jan 21, 2009 3:48pm Jan 21, 2009 3:48pm
Are you trading?
skype

Quoting cashmeer
exactly...

I wanted to mention something I noticed about the asian session, but maybe I haven't traded it enough...I traded it the last few days and made sufficient pips...

I noticed that the Asian Session ususally gives you two opportunities: 1.) to get your pips and 2.) to get out at break even if things start to change and move against you.

It moves slower than the London and London NY session where, once it moves against you it is usually "Adios Amigos!"

Any substance to this?
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #2,819
  • Jan 21, 2009 3:51pm Jan 21, 2009 3:51pm
Quoting cashmeer
exactly...

I wanted to mention something I noticed about the asian session, but maybe I haven't traded it enough...I traded it the last few days and made sufficient pips...

I noticed that the Asian Session ususally gives you two opportunities: 1.) to get your pips and 2.) to get out at break even if things start to change and move against you.

It moves slower than the London and London NY session where, once it moves against you it is usually "Adios Amigos!"

Any substance to this?
I think there is. From the very first week I traded, I noticed the Asian session seemed to move in slowww motion.
  • #2,820
  • Jan 21, 2009 3:52pm Jan 21, 2009 3:52pm
Quoting cashmeer

It moves slower than the London and London NY session where, once it moves against you it is usually "Adios Amigos!"

Any substance to this?
Yes, that's why the Asian session is my favorite to scalp, you can work with 1M and lower SL.

The London session would be an account killer to do so, there it's better to look for higher TF's than the 1M to trade, but the entrance yes on 1M and watching out for the bigger picture.
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