May the positive pips be with all of you.
have u seen that move ?!
- #3,522
- Jan 29, 2009 10:49am Jan 29, 2009 10:49am
- Joined Jul 2008 | Status: "Not all information is beneficial. | 1,724 Posts
- #3,523
- Jan 29, 2009 10:51am Jan 29, 2009 10:51am
- Joined Jul 2008 | Status: "Not all information is beneficial. | 1,724 Posts
Just to clarify, color of coral is irrelevant, only cross important with cloud and trix.
- #3,524
- Jan 29, 2009 10:54am Jan 29, 2009 10:54am
Hi everyone,
Been out and come back to what looks like a perfect set-up on the M1. I wonder if the more experienced traders using this system could comment on the attached chart.
My reasons for taking this trade are as follows:
1 & 2. A red overbought worm appeared on the Trix while the cloud and T3 were below the coral. The coral proved as good resistance at 2.
3. Six candles later a short position would be executed after PA tried and failed to reverse the down-trend. Also both Trix lines had crossed 0 at the entry point.
4. Price continued to drop to MS2 and eventually S2. (BTW these pivots are one of the most consistent I've ever seen). This trade alone would've yielded at least 40 pips.
The only reason not to enter this trade that I can think of, is that the candle used for entry was green not pink. Also I have not consulted any other time frame to help assess the validity of this set-up, which I believe is not ideal.
As with all trading strategies, I'm trying to create a flow chart in my mind of what to look for first, second, third...etc. Its the only way for me to learn.
Many thanks again in advance for your help with this and may the pips be with you all.
Cheers
Dazzer
Been out and come back to what looks like a perfect set-up on the M1. I wonder if the more experienced traders using this system could comment on the attached chart.
My reasons for taking this trade are as follows:
1 & 2. A red overbought worm appeared on the Trix while the cloud and T3 were below the coral. The coral proved as good resistance at 2.
3. Six candles later a short position would be executed after PA tried and failed to reverse the down-trend. Also both Trix lines had crossed 0 at the entry point.
4. Price continued to drop to MS2 and eventually S2. (BTW these pivots are one of the most consistent I've ever seen). This trade alone would've yielded at least 40 pips.
The only reason not to enter this trade that I can think of, is that the candle used for entry was green not pink. Also I have not consulted any other time frame to help assess the validity of this set-up, which I believe is not ideal.
As with all trading strategies, I'm trying to create a flow chart in my mind of what to look for first, second, third...etc. Its the only way for me to learn.
Many thanks again in advance for your help with this and may the pips be with you all.
Cheers
Dazzer
- #3,525
- Edited 11:06am Jan 29, 2009 10:59am | Edited 11:06am
There is a long entry at 1 and a short where white box is based on rules of THV2.
The newer trix on THV2.1 would have gotten in earlier, but at a more aggressive entry. See charts
!!! I was hesitant to enter but hey no guts no glory, right? 
Can't wait for the 2.1 version.
BTW, I have other indicators and rules were screaming SHORT at me at 2. Oh, well, maybe some other time.
Edit: 2 of my chart above, not the same as Dazzer's.
- #3,527
- Jan 29, 2009 11:02am Jan 29, 2009 11:02am
- | Joined Jul 2008 | Status: Clear Cut System Trader | 1,111 Posts
- #3,528
- Jan 29, 2009 11:02am Jan 29, 2009 11:02am
- Joined Jul 2008 | Status: "Not all information is beneficial. | 1,724 Posts
Look at set-up on 5m also. I would have entered in open of red candle right before the green. The green would not have chased me out if 5m okayed trade, and as long as T3 and PA stayed on my side of cloud on trade. The worm on the 1m is deceptive because smaller time frames can range quicker. New THV2.1 has had worm medicine and has no worms.
If you took this, Great job!
If you took this, Great job!
- #3,529
- Jan 29, 2009 11:04am Jan 29, 2009 11:04am
- Joined Jul 2008 | Status: Trader | 1,722 Posts
Up or down, gimme a ticket
- #3,533
- Jan 29, 2009 11:11am Jan 29, 2009 11:11am
- Joined Jul 2008 | Status: Trader | 1,722 Posts
Hi guys. Just closed a 20 pip short (Eu/Us) on the 5m TF using cobra V1. Can't wait to get my hands on the V2.1. Good pips to all of you!
Up or down, gimme a ticket
- #3,535
- Jan 29, 2009 11:20am Jan 29, 2009 11:20am
- Joined Oct 2007 | Status: Pip Seer | 1,299 Posts
How I am traded this brake-out -
in at - 1.3030
out at - S3 - 1.2963
Notice all ducks were green for a go -
I would like to thank the THV team for exposing me to a systen for which I understand and can "See" the market Price action for what it is - not what I want or think I see and the Pip God for allowing me to fill my basket for the day -
in at - 1.3030
out at - S3 - 1.2963
Notice all ducks were green for a go -
I would like to thank the THV team for exposing me to a systen for which I understand and can "See" the market Price action for what it is - not what I want or think I see and the Pip God for allowing me to fill my basket for the day -
Pip what you see; See what you pip!
- #3,537
- Jan 29, 2009 11:25am Jan 29, 2009 11:25am
- Joined Jul 2008 | Status: "Not all information is beneficial. | 1,724 Posts
- #3,538
- Jan 29, 2009 11:26am Jan 29, 2009 11:26am
Way to go hgtrad. Just remember how easy it was to trade with the trend. Even THV will let you down if you try trading against the trend and aren't real fast at the keyboard.
- #3,540
- Jan 29, 2009 11:34am Jan 29, 2009 11:34am
- Joined Jul 2007 | Status: Trader | 1,305 Posts | Online Now
