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THV system, final edition

  • #3,141
  • Edited 8:07am Jan 26, 2009 7:54am | Edited 8:07am
I closed 1/2 position at 18 pips and then another 1/2 position at 18 pips and set S/L just below entry

Attached Image (click to enlarge)
Click to Enlarge Name: thv 2 - 36.gif Size: 34 KB


Attached Image (click to enlarge)
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and there she goes, hopefully to R2... or thereabouts...

ADD: I just cut it 1/2 for a 3rd time....I think this is a mini lot now...

ADD: T/P at R2...that was an 80 pip move. By scaling out, which is the 1st time I have done it that way, I came out with 35 pips...
Deprive a man of everything and you give him nothing to lose.
  • #3,142
  • Jan 26, 2009 8:33am Jan 26, 2009 8:33am
I have read in other posts that posting your trades sometimes sounds like bragging...while I am happy when I made good trades, bragging about trading on a demo account would be ridiculous!!!

I want to say thanks first to the core THV team for the strategy and then thanks to the likes of Nuancom, Scrutch, SpecialEd, Golfer and others that post their charts...

I have learned so much from looking at your charts, especially the ones with the trendlines and I hope that others will find the charts that I post helpful as well...

Also, I hope that people will post their losing trades as well becuse that will help to identify other patterns....

Thanks,
Cashmeer
Deprive a man of everything and you give him nothing to lose.
  • #3,143
  • Jan 26, 2009 8:33am Jan 26, 2009 8:33am
Quoting personalme
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.

Thank you.
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #3,144
  • Jan 26, 2009 8:35am Jan 26, 2009 8:35am
Greetings,

This system is terrific. Lots of pips this morning... got out early but still.

Really hard to resist going live...but patience, yes?

Thanks folks.

Regards
Attached Image (click to enlarge)
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  • #3,145
  • Jan 26, 2009 9:13am Jan 26, 2009 9:13am
Quoting sundowner
Greetings,

This system is terrific. Lots of pips this morning... got out early but still.

Really hard to resist going live...but patience, yes?

Thanks folks.

Regards
that was a good entry...but I personally didn't take it because it seemed to me that it was a divergence right before the entry point...what do the rest of you think?
  • #3,146
  • Jan 26, 2009 9:43am Jan 26, 2009 9:43am
Have not made any pips yet here.
As Doblece always teaches, when the mind is NOT at rest/peace, then better stay away from entering any trades.

The latest update will reward your patience and waiting a few more days will be worth it. Will be interesting to hear the results from the testing team.

Wishing all of you good pips.
  • #3,147
  • Edited 10:13am Jan 26, 2009 10:05am | Edited 10:13am
Quoting vali01
that was a good entry...but I personally didn't take it because it seemed to me that it was a divergence right before the entry point...what do the rest of you think?
valio1:

I noticed the divergence after I took the trade, but according to the divergence chart (5min) and the divergence on the trix, both red trix and the green trix, that was an indicator to take the trade....

Please see the charts...

Attached Image (click to enlarge)
Click to Enlarge Name: thv 2 - 39.gif Size: 34 KB


You had a Higher Low in the Price Action and a Lower Low in Trix...

Attached Image
Deprive a man of everything and you give him nothing to lose.
  • #3,148
  • Jan 26, 2009 10:06am Jan 26, 2009 10:06am
EUR/USD
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What does not kill me makes me stronger. Friedrich Nietzsche,
  • #3,149
  • Jan 26, 2009 10:08am Jan 26, 2009 10:08am
Quoting ikki
EUR/USD
ahm....so are we expecting an long move or a short move based on the pinbar...is that arrow at the top your direction?
Deprive a man of everything and you give him nothing to lose.
  • #3,150
  • Jan 26, 2009 10:20am Jan 26, 2009 10:20am
lol - thx for the divergence cheat sheet. I've been looking for the same file in the bowels of my computer (transferred files from my old 'puter) and on-line. 3 months ago had a major 'puter issue had to get a new one and lost much of my saved educational stuff - thx again

Seer
Pip what you see; See what you pip!
  • #3,151
  • Jan 26, 2009 10:55am Jan 26, 2009 10:55am
Working on identifying divergence -
Am I seeing this right?
Attached Image


thx
Seer
Pip what you see; See what you pip!
  • #3,152
  • Edited 11:10am Jan 26, 2009 11:07am | Edited 11:10am
Quoting SeerEye
Working on identifying divergence -
Am I seeing this right?
Attachment

thx
Seer

Just my 2 cents....

First of all I would zoom out, it is easier to see the patterns when the trix is zoomed out....

Secondly, you need to connect the highs together or the lows together, but not highs on the price action and lows on the trix...

Take a look again at the divergence chart and you will see the lows are together and the highs are together...

ADD: Lastly, you need to make a judgement which is more comfortable for you the green trix or the red trix...I have found the red trix to be more reliable...what is really nice is if you find both red trix and green trix at divergence with price action. That was the case today in the chart that I posted...

Hope this helps...
Deprive a man of everything and you give him nothing to lose.
  • #3,153
  • Jan 26, 2009 11:08am Jan 26, 2009 11:08am
I wouldn't trust so much on divergences today ¬¬
  • #3,154
  • Jan 26, 2009 11:10am Jan 26, 2009 11:10am
Quoting cashmeer

Take a look again at the chart and you will see the lows are together and the highs are together...
Thank you for your time - Cashmeer -
Pip what you see; See what you pip!
  • #3,155
  • Jan 26, 2009 11:20am Jan 26, 2009 11:20am
Quoting SeerEye
Thank you for your time - Cashmeer -
You are welcome....here is another example; although, sometimes I am fearful about divergence on the 1 min...this one obviously worked....

Attached Image (click to enlarge)
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It was again, #2 Hidden Bullish Divergence... Higher Lows on Price Action and Lower Lows on the trix...

See how the divergence was apparent on the red and the green trix? That is something that would make me feel comfortable...

the entry point is at your discretion, cross of trix, break of cloud, THV...
Deprive a man of everything and you give him nothing to lose.
  • #3,156
  • Jan 26, 2009 11:27am Jan 26, 2009 11:27am
Quoting cashmeer
You are welcome....here is another example;
gotcha - great example -

Seer
Pip what you see; See what you pip!
  • #3,157
  • Jan 26, 2009 11:42am Jan 26, 2009 11:42am
Quoting cashmeer
I closed 1/2 position at 18 pips and then another 1/2 position at 18 pips and set S/L just below entry
Cashmeer, a bit of construtive criticism...not sure if you took 18 and then another 18 (for 54 total) or the 18 twice at the same level? No matter for what I want to point out. I certainly can not (nor will not) tell you how to trade, only what I have setteled on. I would never take one (or more) lots off at 18p's and leave my SL on the remaing lots at a loss. Usualy would have it at 2~3 in the profit zone from entry. If I've already cashed 18, there's no reason to take a loss on the remaining lots. All of mine would be at BE or just inside the profit zone. Now I might leave my runners at the BE/PZ for a while but each time I cashed more lots the SL would be moved up a bit and usualy the runners would be moved up as well.


Quote
and there she goes, hopefully to R2... or thereabouts...
ADD: I just cut it 1/2 for a 3rd time....I think this is a mini lot now...
ADD: T/P at R2...that was an 80 pip move. By scaling out, which is the 1st time I have done it that way, I came out with 35 pips...

What you're trying here is (IMHO) the way to go, take some off and leave some on. Everytime you hear the "ka-ching", it is a great confidence builder. Nicely Done
Listen to the whispers.... You may learn something
  • #3,158
  • Edited 12:03pm Jan 26, 2009 11:53am | Edited 12:03pm
Quoting Scrutch
Cashmeer, a bit of construtive criticism...not sure if you took 18 and then another 18 (for 54 total) or the 18 twice at the same level? No matter for what I want to point out. I certainly can not (nor will not) tell you how to trade, only what I have setteled on.

Scrutch:

I always appreciate your comments...I think you're right, I have never done that like this before. I originally started with 1 lot and when it hit $180.00 I closed 1/2 the position....when I saw $180.00 again, I closed it again...so I had ~ $90 and $90 and then I closed half again when it was in the 100s and then closed out entirely when it hit R2....I was not really planning, I was trying to keep as much cash as I could but let something go just to see what would happen....I left my S/L down there for way too long...


Quoting Scrutch
I would never take one (or more) lots off at 18p's and leave my SL on the remaing lots at a loss. Usualy would have it at 2~3 in the profit zone from entry. If I've already cashed 18, there's no reason to take a loss on the remaining lots. All of mine would be at BE or just inside the profit zone.
The reason that I did that was that my entry, was around 1.30000 or 1.31000 (I cannot see it now) and I was worried that it would test the .00 again, so I left the S/L just below that....

I think you are right, I should have brought the S/L above the entry...I am still figuring out the best way to manage my trades...


ADD: Do you use trailing stops or move up manually, how much breathing room would you give yourself on the 1 min and 5 min with a trailing stop so that you do not get stopped out prematurely?
Deprive a man of everything and you give him nothing to lose.
  • #3,159
  • Jan 26, 2009 11:56am Jan 26, 2009 11:56am
Quoting SeerEye
lol - thx for the divergence cheat sheet. I've been looking for the same file in the bowels of my computer (transferred files from my old 'puter) and on-line. 3 months ago had a major 'puter issue had to get a new one and lost much of my saved educational stuff - thx again

Seer
Hey Seer,
Just to let you know, you can download and print or save the chart at
www.babypips.com/school/regular_divergence.html

Hope this helps!
  • #3,160
  • Jan 26, 2009 12:04pm Jan 26, 2009 12:04pm
Quoting Gofer Pips
Hey Seer,
Just to let you know, you can download and print or save the chart at
www.babypips.com/school/regular_divergence.html

Hope this helps!
thx Gof - already did - when I saw it; the memory kicked in - hee, hee.

Seer
Pip what you see; See what you pip!
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