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THV system, final edition

  • #3,321
  • Jan 28, 2009 6:32am Jan 28, 2009 6:32am
Here is what happened to me....

I got faked out on the first break, I should have banked some pips but got in late....(selling bottoms)....

But I did not get faked out on the second break becuase I saw the bullish divergnce on the 5 min and the 15 min and was not going to go short at all...

Finally it did break north to the 38.2 of the Fibs...good for 20 pips...
Attached Image (click to enlarge)
Click to Enlarge Name: thv 2 - 41.gif Size: 36 KB
Deprive a man of everything and you give him nothing to lose.
  • #3,322
  • Jan 28, 2009 7:03am Jan 28, 2009 7:03am
Hi all,

I've noticed that when looking at long opportunities using the M1 for entries, the T3 line should be above the coral on M15 and M5 as well as the M1 to get a good probability trade. Would I be correct in assuming this, or does it not matter?

Lost some money using this today, so I will demo-trade it from now on.

Many thanks

Dazzer
  • #3,323
  • Edited 7:43am Jan 28, 2009 7:41am | Edited 7:43am
Quoting Dazzer
Hi all,

I've noticed that when looking at long opportunities using the M1 for entries, the T3 line should be above the coral on M15 and M5 as well as the M1 to get a good probability trade. Would I be correct in assuming this, or does it not matter?

Lost some money using this today, so I will demo-trade it from now on.

Many thanks

Dazzer
Pick a TF to trade like 5m. Use higher timeframes to watch and verify trend.
When permission to enter on 5m, check in 1 min to see if good entry point, ( after you have made entry)sometimes 1m may retrace to a pivot and that might make you think it reverse, but as long as trade stay right direction( keeps rules) on 5min you are okay.
If 5 runs up many pips, check 15m if going your way you can bank some pips by part of position and move rest to break even, you can move stoploss to guarantee what you get, or use trailing stop. There are many ways, but you have to be comfortable how to treat your pips!
They are at times like a woman.......a delicate creature
  • #3,324
  • Jan 28, 2009 8:13am Jan 28, 2009 8:13am
this one was fast,
glad i left @ mr2 +30 pips
  • #3,325
  • Jan 28, 2009 8:14am Jan 28, 2009 8:14am
Got us a little chop, chop before the storm rolls in.

Looks like the .3292 R is trying to hold the bulls back, other than a few spikes up arountd the quarter pivot .3313.

My trix for the 2.1 is getting psychadelic!
Hmmm! Looks like we may break soon.......Follow your charts!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: thv.png Size: 52 KB
  • #3,326
  • Jan 28, 2009 8:14am Jan 28, 2009 8:14am
Quoting sphinx
this one was fast,
glad i left @ mr2 +30 pips
you're right! Looks like a giant antenna....
Deprive a man of everything and you give him nothing to lose.
  • #3,327
  • Jan 28, 2009 8:27am Jan 28, 2009 8:27am
I cannot believe that that last spike hit EXACTLY at the top of the fibs in this chart and EXACTLY at yesterdays high...

How could it be so precise? Do people/institutions have pending orders EXACTLY at the price?
Attached Image (click to enlarge)
Click to Enlarge Name: thv 2 - 42gif.gif Size: 36 KB
Deprive a man of everything and you give him nothing to lose.
  • #3,328
  • Jan 28, 2009 8:31am Jan 28, 2009 8:31am
Quoting cashmeer
I cannot believe that that last spike hit EXACTLY at the top of the fibs in this chart and EXACTLY at yesterdays high...

How could it be so precise? Do people/institutions have pending orders EXACTLY at the price?
yup

btw - morning THV's -

Seer
Pip what you see; See what you pip!
  • #3,329
  • Jan 28, 2009 8:35am Jan 28, 2009 8:35am
Good morning,

Well, more good luck than good science, but the trade conformed to the rules I reckon. 30 pips in very short order.

Daily and hourly seemed to favor the trade...I got out as the price began to retrace on the spike...at weekly resistance.

regards
Attached Image (click to enlarge)
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  • #3,330
  • Jan 28, 2009 8:38am Jan 28, 2009 8:38am
willing to trade on the 1m and 5m even the 15 min with this price action - my hat goes off to you - imo - this is brutal, take my pips kinda action.

I sit, stalk and wait.
Pip what you see; See what you pip!
  • #3,331
  • Jan 28, 2009 8:43am Jan 28, 2009 8:43am
Quoting sundowner
Good morning,

Well, more good luck than good science, but the trade conformed to the rules I reckon. 30 pips in very short order.

Daily and hourly seemed to favor the trade...I got out as the price began to retrace on the spike...at weekly resistance.

regards

hmmm.. my MR2 level is at .3326 (and it seems they work for me)
  • #3,332
  • Jan 28, 2009 8:45am Jan 28, 2009 8:45am
Quoting SeerEye
yup

btw - morning THV's -

Seer
Good morning Seer!

This PA makes scalping one minute, a verytrader.

Children, if you have any internet connection problems do not try this at home!
See chart for somewhat conservative longs to scalp, and a risky short!
What you think guys?
Attached Image (click to enlarge)
Click to Enlarge Name: 0-scalp.png Size: 53 KB
  • #3,333
  • Jan 28, 2009 8:48am Jan 28, 2009 8:48am
Govt. update to Unemployment figures for US due at 10:00 am EST

be careful with trades!
  • #3,334
  • Jan 28, 2009 8:50am Jan 28, 2009 8:50am
Even though we have a choppy PA,
the masterful scalper Cobra is grinding out pips on the 1min to fill his orderbook!
  • #3,335
  • Jan 28, 2009 9:01am Jan 28, 2009 9:01am
I'm in this trade, short...

I hope this news is good news for me !!!

I nice push south wouldn't hurt !
Deprive a man of everything and you give him nothing to lose.
  • #3,336
  • Jan 28, 2009 9:07am Jan 28, 2009 9:07am
Quoting Gofer Pips
Good morning Seer!

This PA makes scalping one minute, a verytrader.

Children, if you have any internet connection problems do not try this at home!
See chart for somewhat conservative longs to scalp, and a risky short!
What you think guys?
I think I'm going to like the new template with the trix - {patiently waiting} as I continue to trade (successfully) the currently one. 25 pips on the short with permission from 3260-3245.
Pip what you see; See what you pip!
  • #3,337
  • Edited 9:11am Jan 28, 2009 9:08am | Edited 9:11am
Nice double-top follow through on the 1h chart! That .3239 needs to give way!
Attached Image (click to enlarge)
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  • #3,338
  • Jan 28, 2009 9:16am Jan 28, 2009 9:16am
Quoting SeerEye
willing to trade on the 1m and 5m even the 15 min with this price action - my hat goes off to you - imo - this is brutal, take my pips kinda action.

I sit, stalk and wait.
  • #3,339
  • Jan 28, 2009 9:17am Jan 28, 2009 9:17am
Quoting Gofer Pips
Even though we have a choppy PA,
the masterful scalper Cobra is grinding out pips on the 1min to fill his orderbook!
missing 10 pips
  • #3,340
  • Jan 28, 2009 9:21am Jan 28, 2009 9:21am
Quoting cobraforex
missing 10 pips
guys, how many pips do you target per day ?
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