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THV system, final edition

  • #3,021
  • Jan 23, 2009 11:11am Jan 23, 2009 11:11am
Quoting cashmeer
That was a good 15 - 25 pip run north...I closed 1/2 position at 15 pips and set S/L to B/E...

My question is, would the first arrow be too risky? Would y'all wait for the second arrow?

Someone told me yesterday that my entries are too aggressive...

Just wondering how y'all would do it?
Knowing that it is Friday and the trend was down, I would have taken it at cross of the cloud, especially short before London close.

In other market conditions I might wait for break of the TL.

Add: just noticed that it was as well a retest of S3, I would have taking it early with tight SL just some pips below S1.
  • #3,022
  • Jan 23, 2009 11:20am Jan 23, 2009 11:20am
Quoting ikki
Deprive a man of everything and you give him nothing to lose.
  • #3,023
  • Jan 23, 2009 11:24am Jan 23, 2009 11:24am
I've got an PM to repeat posting the V2 Trix indicators for Gold and Crude.
Here they are:
Attached File(s)
File Type: ex4 THV T3 Trix Crude.ex4   10 KB | 740 downloads
File Type: ex4 THV T3 Trix GLD.ex4   10 KB | 699 downloads
  • #3,024
  • Jan 23, 2009 11:25am Jan 23, 2009 11:25am
Quoting cobraforex
Knowing that it is Friday and the trend was down, I would have taken it at cross of the cloud, especially short before London close.

Not quite sure I understood this what you worte above



I renentered that trade becuase the t/l held and then chickened out at 1.2875 where it was stalling !!!!

It just hit MS2!!!!!!!!!!!
Deprive a man of everything and you give him nothing to lose.
  • #3,025
  • Jan 23, 2009 11:31am Jan 23, 2009 11:31am
Quoting cashmeer
Not quite sure I understood this what you wrote above



I renentered that trade because the t/l held and then chickened out at 1.2875 where it was stalling !!!!

It just hit MS2!!!!!!!!!!!
When the trend was down,banks and bigger boys profit taking and closing the positions for the weekend make the PA going up (mostly).
  • #3,026
  • Jan 23, 2009 11:39am Jan 23, 2009 11:39am
Quoting cobraforex
When the trend was down,banks and bigger boys profit taking and closing the positions for the weekend make the PA going up (mostly).
aha ! I see... so the big boys are becuase of

and those that went short are

and the THV traders are waiting for the new trix
Deprive a man of everything and you give him nothing to lose.
  • #3,027
  • Jan 23, 2009 11:44am Jan 23, 2009 11:44am
I have identified a channel on the 5M. Notice how the upper trend line acted as support for a few candles early on, then resistance later. A channel gets broken eventually, but it can help you decide when to take some profit, or enter (using other tools & THV also, of course). For example, when it bounced off the top, I waited for a 1M THV sell signal to enter. Drawing channels is an art, but I love doing it. It's like playing with toys.
Attached Image (click to enlarge)
Click to Enlarge Name: channel 1-23.gif Size: 11 KB
  • #3,028
  • Jan 23, 2009 11:44am Jan 23, 2009 11:44am
Quoting cashmeer
aha ! I see... so the big boys are becuase of

and those that went short are

and the THV traders are waiting for the new trix
Good one!
  • #3,029
  • Jan 23, 2009 12:11pm Jan 23, 2009 12:11pm
Quoting cashmeer
That was a good 15 - 25 pip run north...I closed 1/2 position at 15 pips and set S/L to B/E...
Excellent...take some off and leave some on.

Quote
Someone told me yesterday that my entries are too aggressive...
Just wondering how y'all would do it?

I wasn't here for the beginning of this move...had to get my mocha, but got in on the end of it.
This is where I would have been (and did) looking for scalping entry points. Hope this helps, if not just ignore it. I personaly don't think your entries are too aggressive, mine maybe but not yours.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 1m 01-23-09 am.jpg Size: 369 KB
Listen to the whispers.... You may learn something
  • #3,030
  • Jan 23, 2009 12:16pm Jan 23, 2009 12:16pm
woa !! Push-ups anyone?!

I managed to get in on two of those...you're still going ??!!!

Quoting Scrutch
Hope this helps, if not just ignore it. I personaly don't think your entries are too aggressive, mine maybe but not yours.
That was really helpful...even though I got in, I was not paying attention to the multiple retest of MS3...I need to pay more attention...

Thanks for that!
Deprive a man of everything and you give him nothing to lose.
  • #3,031
  • Jan 23, 2009 12:18pm Jan 23, 2009 12:18pm
Quoting Scrutch
This is where I would have been (and did) looking for scalping entry points. Hope this helps, if not just ignore it. I personaly don't think your entries are too aggressive, mine maybe but not yours.
Nice chart Scrutch

A good example for re-entries.
  • #3,032
  • Jan 23, 2009 12:23pm Jan 23, 2009 12:23pm
Quoting cashmeer
woa !! Push-ups anyone?!

I managed to get in on two of those...you're still going ??!!!
Yep, but only on mini, some scalp trades for cigarettes and a bottle for the weekend.
  • #3,033
  • Jan 23, 2009 12:25pm Jan 23, 2009 12:25pm
Quoting cashmeer
That was a good 15 - 25 pip run north...I closed 1/2 position at 15 pips and set S/L to B/E...

My question is, would the first arrow be too risky? Would y'all wait for the second arrow?

Someone told me yesterday that my entries are too aggressive...

Just wondering how y'all would do it?
Hi guys,

I will take this trade base on the rules set and fundamental of S/R. May be I'm wrong. I attached the edited file post by cashmeer.

My explanations base on the Orange box (Entry box for LONG) where I will take the entry soon enough after :
1. I will take the "BUY" entry during the end time of candlestick green or the next candlestick depend on the price line movement.
2. All the rules was fulfill like mention at the first page of this thread.
3. The candlestick just pass the MS3 from bottom which means that it is a resistance before and when entering the entry box, the MS3 is support!
4. Trend 1 is still valid where by trend 2 was CANCEL because of the thin cloud below the candlestick inside the entry box and become trend A.

My view, for M1 chart need to be aggressive in fast analyzing. I'm still learning.. please advise..

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: thv 2 - 34-edited.gif Size: 39 KB
  • #3,034
  • Jan 23, 2009 12:25pm Jan 23, 2009 12:25pm
I didn't take that last buy because to me the 1M is screaming divergence. It also seems to be forming on the 5M. Any comments?
  • #3,035
  • Jan 23, 2009 12:29pm Jan 23, 2009 12:29pm
Quoting cashmeer
woa !! Push-ups anyone?!
I managed to get in on two of those...you're still going ??!!!
I've got about an hour before I need to leave, still long until stopped out.

Quote
That was really helpful...even though I got in, I was not paying attention to the multiple retest of MS3...I need to pay more attention...
Thanks for that!
You're very welcome, glad it made sense to you. On decent S/R there are usually between two and three tests, sometimes from both sides. Unless you are going make exits and entries around the S/R you need to provide a comfortable stop loss and wait. If the S/R is any good it's going to stall at that level and test it.
Course sometimes it just blows through it.
Listen to the whispers.... You may learn something
  • #3,036
  • Jan 23, 2009 12:29pm Jan 23, 2009 12:29pm
thanks for the feedback...

I think I had enough for the day/week....I sure enjoyed the show

have a good weekend!
Deprive a man of everything and you give him nothing to lose.
  • #3,037
  • Jan 23, 2009 12:35pm Jan 23, 2009 12:35pm
Quoting cobraforex
I've got an PM to repeat posting the V2 Trix indicators for Gold and Crude.
Here they are:
Thanks Cobra

i actually searched for (Gold) and (Oil) among the attachments ... so i couldn't find them as they are named GLD and crude.

i am gonna try them next week after i finish some lessons on that amazing site www.babypips.com ,u provided in the Manual.
  • #3,038
  • Jan 23, 2009 12:38pm Jan 23, 2009 12:38pm
Quoting cobraforex
Nice chart Scrutch
A good example for re-entries.
NAP...
It is I who should be thanking you. I've traded forex for a few years but not like this. Your template dosen't whisper to me, it shouts right in my ear! I have never seen such a clean and visual chart for trading. Think I'm going to call it a day and just hit my close all button. Have a great weekend.

Edit: Good thing I did close, ya think?
Listen to the whispers.... You may learn something
  • #3,039
  • Jan 23, 2009 12:51pm Jan 23, 2009 12:51pm
Quoting Scrutch
NAP...
It is I who should be thanking you. I've traded forex for a few years but not like this. Your template dosen't whisper to me, it shouts right in my ear! I have never seen such a clean and visual chart for trading. Think I'm going to call it a day and just hit my close all button. Have a great weekend.

Edit: Good thing I did close, ya think?
yeah, you should leave the party when there is still fun.

Have a great weekend all, gonna have a Jack on all of you.
  • #3,040
  • Jan 23, 2009 1:12pm Jan 23, 2009 1:12pm
Quoting cobraforex
yeah, you should leave the party when there is still fun.
I didn't realize the party was just getting started...wanted to make sure there were some pips left for next week...

Quote
Have a great weekend all, gonna have a Jack on all of you.

Cobra...can you get Green Label where you live? Think it's about twice the price of Black Label.
Gotta run so I'm not late for the next party.
Listen to the whispers.... You may learn something
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