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THV system, final edition

  • #3,121
  • Jan 25, 2009 8:47pm Jan 25, 2009 8:47pm
OK, am updated, at work now
  • #3,122
  • Jan 25, 2009 9:33pm Jan 25, 2009 9:33pm
Quoting cobraforex
Consider the past and you will know the future
Trading the new THV V2 version on 1M and 5M
My statistic lecturer always said "if the student always fail in the past, he/she will fail too for the next exam". I see the trend for EU pair and focusing only on this pair with help from THV 2 and Doblece guide before and today asian session (early) manage to collect + 30 pips for just 1 trade for live account.

thanks and regards,
  • #3,123
  • Jan 25, 2009 10:59pm Jan 25, 2009 10:59pm
I have been following this thread for a few weeks. I hear a common strategy. After getting an entry signal using the THV system on the 5min chart, I hear the strategy is to go to the 1m chart to time your entry. My question is what do you mean by timing your entry. Does that mean that you the 1m chart satisfiies the entry rules for the THV system or something else?
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #3,124
  • Jan 25, 2009 11:12pm Jan 25, 2009 11:12pm
Quoting Namrettik
I have been following this thread for a few weeks. I hear a common strategy. After getting an entry signal using the THV system on the 5min chart, I hear the strategy is to go to the 1m chart to time your entry. My question is what do you mean by timing your entry. Does that mean that you the 1m chart satisfiies the entry rules for the THV system or something else?
Yes.
For example, the pair could be initiating a small retrace (the price is always fluctuating) which won't show in the higher timeframe, but which we can catch on M1 and wait for a better entry after the fluctuation.

Also keep in mind that the higher timeframe will be giving you the "big picture" (I personally use M30 - M5 - M1 together so I can see in which part of the cycle the price really is), and the smaller one will be full of "noise", but that noise is made of pips which you can save with a more precise entry as this will give you more room for your stops. But (unless just scalping both sides for small pips) don't forget the direction that the big picture is showing.
  • #3,125
  • Jan 25, 2009 11:22pm Jan 25, 2009 11:22pm
Yes, meaning timing the entry based on the THV rules on a smaller timeframe? i.e rules met on the 5 min time frame then move to the 1m time frame and enter once the THV rules are met?
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #3,126
  • Jan 25, 2009 11:47pm Jan 25, 2009 11:47pm
Quoting Namrettik
Yes, meaning timing the entry based on the THV rules on a smaller timeframe? i.e rules met on the 5 min time frame then move to the 1m time frame and enter once the THV rules are met?
Yup IMO. Maximizing entry is one of the most important thing in scalping. Without precise entry (thus means smaller TF and a little bit patience), it is difficult to find good ratio between SL and TP.
Manage your risk accordingly and you're half done your home work.
  • #3,127
  • Jan 26, 2009 12:29am Jan 26, 2009 12:29am
Quoting Namrettik
Yes, meaning timing the entry based on the THV rules on a smaller timeframe? i.e rules met on the 5 min time frame then move to the 1m time frame and enter once the THV rules are met?
Exactly.
Sorry if my previous answer wasn't clear enough
  • #3,128
  • Jan 26, 2009 1:24am Jan 26, 2009 1:24am
ever just watch a gimme trade go right on by with your finger on the trigger, not execute and watch it just continue? - I'm not a chaser of pips (and didn't this time either) - but damn - lol - hope somebody got it -

Attached Image


Seer
Pip what you see; See what you pip!
  • #3,129
  • Jan 26, 2009 1:41am Jan 26, 2009 1:41am
Quoting SeerEye
ever just watch a gimme trade go right on by with your finger on the trigger, not execute and watch it just continue? - I'm not a chaser of pips (and didn't this time either) - but damn - lol - hope somebody got it -

Attachment

Seer
Happens all the time to me - LOL ... would like to kick myself many a time.
  • #3,130
  • Jan 26, 2009 2:18am Jan 26, 2009 2:18am
The KG GGH Signal v.1.1 indicator appears to sometimes repaint the previous candle. Do you have a more recent version ?? Thanks.
  • #3,131
  • Edited 3:05am Jan 26, 2009 2:52am | Edited 3:05am
Quoting michaelB
The KG GGH Signal v.1.1 indicator appears to sometimes repaint the previous candle. Do you have a more recent version ?? Thanks.
just found this on the net,,i have not tried it yet

author has informed that the signal only for guideline/alert (changing of trend) not necessary for entry confirmation. Maybe some arrow giving false signal especially in smaller time frames.
Attached File(s)
File Type: ex4 KG GGH Signal V[1].1.2.ex4   4 KB | 844 downloads
  • #3,132
  • Jan 26, 2009 3:45am Jan 26, 2009 3:45am
  •  Rapture
  • | Joined Nov 2008 | Status: Searched... and found the Rainbow! | 25 Posts
Quoting SeerEye
ever just watch a gimme trade go right on by with your finger on the trigger, not execute and watch it just continue? - I'm not a chaser of pips (and didn't this time either) - but damn - lol - hope somebody got it -

Attachment

Seer
Hi Seer, and all the great minds of this thread. Trying to work through all the posts but my time is limited.

I see my coral and hull differs from yours, I suppose my settings is wrong. Please can you help me with the correct settings.

Following this thread with a passion, so many thanks to Cobra and team for making things a bit easier.http://www.forexfactory.com/images/icons/icon14.gif
  • #3,133
  • Jan 26, 2009 4:15am Jan 26, 2009 4:15am
Quoting Rapture
Hi Seer, and all the great minds of this thread. Trying to work through all the posts but my time is limited.

I see my coral and hull differs from yours, I suppose my settings is wrong. Please can you help me with the correct settings.

Following this thread with a passion, so many thanks to Cobra and team for making things a bit easier.http://www.forexfactory.com/images/icons/icon14.gif
The tecnical settings are hardcoded and the same than yours, the thickness is what vary.

The thicker ones (named Coral2 or 3 for ex) you can get on the paperclip on the right upper corner.

Back to trading, see you
  • #3,134
  • Jan 26, 2009 5:02am Jan 26, 2009 5:02am
  •  Rapture
  • | Joined Nov 2008 | Status: Searched... and found the Rainbow! | 25 Posts
Quoting cobraforex
The tecnical settings are hardcoded and the same than yours, the thickness is what vary.

The thicker ones (named Coral2 or 3 for ex) you can get on the paperclip on the right upper corner.

Back to trading, see you
Thanks Cobra, got them both fixed.http://www.forexfactory.com/images/icons/icon7.gif
  • #3,135
  • Jan 26, 2009 5:29am Jan 26, 2009 5:29am
Good mornig you all.

Is the new trix available yet or are you guys (THV team) just testing it?
  • #3,136
  • Jan 26, 2009 5:35am Jan 26, 2009 5:35am
Kind of quiet tonight. Anyone making any pips? I've only taken one trade and ended up -7 pips. I should have taken profit at +20 pips, but got greedy.
  • #3,137
  • Jan 26, 2009 6:33am Jan 26, 2009 6:33am
Quoting DocPMD
Kind of quiet tonight. Anyone making any pips? I've only taken one trade and ended up -7 pips. I should have taken profit at +20 pips, but got greedy.
Actually, I worked all night and generated 71 net. Could have done a lot better but as you say, got greedy. Didn't take profit and re-enter after pullbacks.

Good trading to you Doc.
Up or down, gimme a ticket
  • #3,138
  • Jan 26, 2009 7:23am Jan 26, 2009 7:23am
Quoting SpecialEd
Actually, I worked all night and generated 71 net. Could have done a lot better but as you say, got greedy. Didn't take profit and re-enter after pullbacks.

Good trading to you Doc.
Good morning everyone.

Boy Ed, you must be tired. Anyway, do you mean TP and re-entry based on the M1? Or do you mean you should TP on the M5 reversal? I think I know the answer but It would be good for everyone here to hear the specifics. Thanks

btw, divergence on M5
  • #3,139
  • Jan 26, 2009 7:35am Jan 26, 2009 7:35am
damn, divergences always seems to cheat on me
  • #3,140
  • Jan 26, 2009 7:44am Jan 26, 2009 7:44am
Quoting Jack Herer
damn, divergences always seems to cheat on me
What I have noticed is they don't always work, and sometimes when they do, they may only work in a smaller way. On this last divergence on the M5, there was a strong pullback before continuation. The divergence could help make some pips on the temporary pullback, if you were trading that way.
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