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THV system, final edition

  • #3,361
  • Jan 28, 2009 10:10am Jan 28, 2009 10:10am
Quoting TradeWell
The scalpmeister strikes again!
I'm astonished that my broker filled these orders, was very fast.

They didn't fill a pending sell order when we spiked to 1.3325
  • #3,362
  • Jan 28, 2009 10:11am Jan 28, 2009 10:11am
Quoting cobraforex
That means no trade (no short in this case).
So both Red and Green Trix has to be in agreement with direction in 5M?
And how about the Trix in 1M, do we need consider that when timing the entry?

Thanks
  • #3,363
  • Jan 28, 2009 10:16am Jan 28, 2009 10:16am
Quoting karun
So both Red and Green Trix has to be in agreement with direction in 5M?
And how about the Trix in 1M, do we need consider that when timing the entry?

Thanks
Yes karun, let me tell you that I took in the last 9 hours only 5 trades but all of them had been quality ones where everything was in order.

I'm not counting the last one because that had nothing to do with THV trading.
  • #3,364
  • Jan 28, 2009 10:17am Jan 28, 2009 10:17am
Quoting TradeWell
Scotch = scotch whiskey
I know but scotch don't equal Jack Daniels.
Up or down, gimme a ticket
  • #3,365
  • Jan 28, 2009 10:20am Jan 28, 2009 10:20am
Quoting khelemen
I'm newbie in forex, ForexTrader1. I only make 7 trades (maxs) during session open using THV V2. Today, just trade early London session with +30 pips. I decided not to trade on New York Session today. (*broke some THV V2 rules while dealing with S/R and trend). Enough for today!

Happy piping guys.

regards,
Great Khelemen, congrats
  • #3,366
  • Jan 28, 2009 10:23am Jan 28, 2009 10:23am
Quoting SpecialEd
I know but scotch don't equal Jack Daniels.
I think Cobra will take either one, as long as it's quality. In fact, he can choose any of these as a reward for such a good scalp trade.
Attached Image (click to enlarge)
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  • #3,367
  • Jan 28, 2009 10:25am Jan 28, 2009 10:25am
Quoting Gofer Pips
I still see a need for hourly close below .3239 for this set-up. The bears will love it.
The 1hr is trying to get to that zero!
I was thinking that the crude oil inventories would help to get that puppy below DP but again you see that news just suck.
  • #3,368
  • Jan 28, 2009 10:26am Jan 28, 2009 10:26am
Quoting cobraforex
Yes karun, let me tell you that I took in the last 9 hours only 5 trades but all of them had been quality ones where everything was in order.

I'm not counting the last one because that had nothing to do with THV trading.
Well I missed early London (again! ) but I can tell you this new 2.1 version is looking really good for trades that come together near perfect. Like Gofer says, so easy a caveman can do it. But caveman has to sleep sometime!
  • #3,369
  • Jan 28, 2009 10:26am Jan 28, 2009 10:26am
Quoting TradeWell
I think Cobra will take either one, as long as it's quality. In fact, he can choose any of these as a reward for such a good scalp trade.
I'm going to Tradewell's.
Up or down, gimme a ticket
  • #3,370
  • Jan 28, 2009 10:26am Jan 28, 2009 10:26am
Quoting TradeWell
I think Cobra will take either one, as long as it's quality. In fact, he can choose any of these as a reward for such a good scalp trade.
You can grab my name on the Glenfiddich
  • #3,371
  • Jan 28, 2009 10:29am Jan 28, 2009 10:29am
Quoting cobraforex
I was thinking that the crude oil inventories would help to get that puppy below DP but again you see that news just suck.
Yeah it was strange. Crude spiked down then came back even higher! It seems like lately the E/U pair somewhat correlates to the U.S. stock market when it's open. After it closes, the trading seems to get more normal.
  • #3,372
  • Jan 28, 2009 10:30am Jan 28, 2009 10:30am
Quoting SpecialEd
I'm going to Tradewell's.
You have to make a good scalp first.
  • #3,373
  • Jan 28, 2009 10:33am Jan 28, 2009 10:33am
OK so here's a question, mainly for Cobra but feel free to comment. The M30 is absolutely bearish. The M5 is coming around for a possible sell signal. The M1 already has a sell signal. I have noticed when this occurs, as soon as the M5 trix crosses zero it can be a good place to sell. Is that too risky? (I am viewing v2.1 so it may not match 2.0, sorry)
  • #3,374
  • Jan 28, 2009 10:38am Jan 28, 2009 10:38am
Quoting TradeWell
You have to make a good scalp first.
Actually, I've been busy today. Scalped the M1 Trix Cross for 62 PIPs. My latest is attached. Down-arrow in lower window shows my Trix criteria (re-entry). Down-arrow in upper window shows my T3/Hull criteria. As you can see, it quickly spiked to just below the daily pivot, but I had TP set to 10 PIPs. Right on time, huh?
Attached Image (click to enlarge)
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Up or down, gimme a ticket
  • #3,375
  • Jan 28, 2009 10:39am Jan 28, 2009 10:39am
Quoting TradeWell
OK so here's a question, mainly for Cobra but feel free to comment. The M30 is absolutely bearish. The M5 is coming around for a possible sell signal. The M1 already has a sell signal. I have noticed when this occurs, as soon as the M5 trix crosses zero it can be a good place to sell. Is that too risky? (I am viewing v2.1 so it may not match 2.0, sorry)
the slow T3 in V2 is the faster one in V2.1.
That might be a good signal but beware of the DP.

I would wait for a break and retest to enter in a short trade.

If you want a fast scalp just see the 5M and 1M to get together.
  • #3,376
  • Jan 28, 2009 10:42am Jan 28, 2009 10:42am
Quoting SpecialEd
Actually, I've been busy today. Scalped the M1 Trix Cross for 62 PIPs. My latest is attached. Down-arrow in lower window shows my Trix criteria (re-entry). Down-arrow in upper window shows my T3/Hull criteria. As you can see, it quickly spiked to just below the daily pivot, but I had TP set to 10 PIPs. Right on time, huh?
OK, c'mon over!
  • #3,377
  • Jan 28, 2009 10:44am Jan 28, 2009 10:44am
Quoting Gofer Pips
No definitive close! The bulls are avoiding the DP like the plague!
It's like an eletric shock fence, they hate it, but when they will find the door?
  • #3,378
  • Jan 28, 2009 10:46am Jan 28, 2009 10:46am
Quoting cobraforex
Yes karun, let me tell you that I took in the last 9 hours only 5 trades but all of them had been quality ones where everything was in order.

Sorry if it looks repetitive, I'm trying to understand the entry part using 1M for trading 5M. When using both 5M and 1M together, I get really .

So if my understanding is correct, all rules have to met in both the trading TF (in this case 5M) and also in the TF used for entry(in this case 1M), other wise it is a no trade.

Am I correct?

Quoting cobraforex
I'm not counting the last one because that had nothing to do with THV trading.
I really wish I could muster that kind of courage, from the time I drew my fibs yesterday, it has bounced between 50 and 61.8 atleast 4 times .
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  • #3,379
  • Jan 28, 2009 10:46am Jan 28, 2009 10:46am
Quoting cobraforex
the slow T3 in V2 is the faster one in V2.1.
That might be a good signal but beware of the DP.

I would wait for a break and retest to enter in a short trade.

If you want a fast scalp just see the 5M and 1M to get together.
Sorry Cobra I wasn't clear. I was just asking in general because normally the rule is M5 cross first, then wait for M1 to do the same. In this case I am waiting regardless.

Also I noticed the DP for London end of day is much different than NY close DP today. Normally they are closer together. Not sure which one to consider.
  • #3,380
  • Edited 10:55am Jan 28, 2009 10:51am | Edited 10:55am
Sounds as if you want most conservative.
If it were me:
30 m and up looks bearish= possible trend change to down after last uppity.

If m5 presents permission, and 1m agrees, not risky as long as coral and hull where they need to be!
Also, if 1m disagrees, it may be temporary pull back and the wonderful breakfast cereal(TRIX) will show you this. Then when 1m trix change color, if you like a wee bit of risk....sneak up on it an BAM!! Get in and get out, or follow trade on 5m, then 15m as long as all goes your way.
Me....if I pounce on that 1m entry and get 9-15 pips, I'm out and wait for new set-up. There usually are many now with new trix.

You also want to note the 1m pullback level to a pivot or fib or strong s/r( to help with entry point).

This may be different than Cobra, or others, but this is how we roll up in Gofer's house!

I hope I answered what you asked.
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