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THV system, final edition

  • #3,761
  • Jan 30, 2009 12:07pm Jan 30, 2009 12:07pm
Quoting jim28
Oh my God! This thread is growing so FAST !
Yep, and with those big azz letters even faster
  • #3,762
  • Jan 30, 2009 12:08pm Jan 30, 2009 12:08pm
Wuau....guys what a day I had today...made loads of trades today..+19,+20,+10,+11,+7,+12,+6 (EURUSD, GBPUSD)
Iīve been tradding now for a year and read a lot on some other threads like sonicīs, so I admit that I may not have follow the rules 100% as I may anticipated a bit to entry or even to leave a profitable trade...I really hope what I did today was not just luck....
I am done for the day as it was great so I canīt wait for monday to come to try again...
I am tradding live...I had an old mini-account with FXCM, this account was fulminated while ago so I transformed it into a micro account...49$ was left and dicided to try this system on it....(not much to loose anyway).
So far I am tradding just 1 micro lot (I cant trade less than that...)
lets see if i can manage to reach 100$...i fi do it would be thanks to you guys...
  • #3,763
  • Jan 30, 2009 12:13pm Jan 30, 2009 12:13pm
Quoting doblece
On MT4 I don't like to scalp, it takes more than 5 seconds sometimes from the click to the open and even more for the close. Very scary, not appropriate on less than 5 pips...
On a very fast moving market it is difficult to trade with MT4, just takes much time to place the order, and by the time execution happens price would have moved like atleast 4-5 pips. I have seen this often with Fxpro, not sure about others. I guess MT4 is good, if the movement is not fast.

Thanks Cobra & Doblece on the spreads information.
  • #3,764
  • Jan 30, 2009 12:17pm Jan 30, 2009 12:17pm
Could anybody tell me what formula is used to determine those SR lines that can be seen on default THV 2.0 Template.
Thanks for help
  • #3,765
  • Jan 30, 2009 12:19pm Jan 30, 2009 12:19pm
Quoting Polonaise
Could anybody tell me what formula is used to determine those SR lines that can be seen on default THV 2.0 Template.
Thanks for help

I guess this might help, not sure tho...
http://www.mataf.net/en/tools/pivot-points-fibonacci
  • #3,766
  • Jan 30, 2009 12:26pm Jan 30, 2009 12:26pm
Quoting leņador
I really hope what I did today was not just luck....

lets see if i can manage to reach 100$...i fi do it would be thanks to you guys...
There's no thing as luck.
There is: decisions YOU make, with the elements at hand, which will be good or bad depending on 1) the accuracy of your knowledge; 2) your ability in applying the rules that you've set - the system in itself; 3) your focus (thus your emotions at the moment of the decision) and 4) last but not least, the mighty market, which can at a certain point turn all the good into a "bad decision" because it involves so much more elements than any of those we are able to understand.

Unless you're tossing a coin for your entries

I wish you to reach $100 and more, it's indeed tight but it can be done, one by one, and don't get tempted to raise the lots amount until the ideal proportion for R:R is reached. I wish you tons of patience and good humor meanwhile... it starts slowly but thereafter it keeps growing exponentially.

When you'll achieve that, it will be YOUR own achievement, along with what we have been able to contribute in your journey.
Take care! and be safe...
  • #3,767
  • Jan 30, 2009 12:26pm Jan 30, 2009 12:26pm
Quoting wiKKid
I guess this might help, not sure tho...
http://www.mataf.net/en/tools/pivot-points-fibonacci
Thanks, but besides FIBPivots THV uses ones that are labeled with MS MR.
Does anybody know how to count those levels?
  • #3,768
  • Edited 12:47pm Jan 30, 2009 12:27pm | Edited 12:47pm
I closed my trading room now and with that the monthly result.

This week has been poor because I didn’t trade yesterday after some losses on wednesday and also a small mistake of the platform but what counts is the monthly average.

I don’t post this to say what great trader I am, far away from that. I don’t need feedback for that, enough that a monthly check arrives.

I only want to show what potential the THV has.

Have a great weekend all.

BTW: this includes overnight/week interests !
Attached Image
  • #3,769
  • Jan 30, 2009 12:28pm Jan 30, 2009 12:28pm
Quoting karun
Thanks TW. I was trying to figure out spread vs execution. Whether it is worth paying a .5/1 pip more in spread against an execution taking around 5-7 seconds for execution.



I hope to build a larger account from my small one with the help of THV
I can say that my execution is not so great. I have satellite internet (delay of 1 second) and a broker whose execution isn't always "instant". Consequently, I am hesitant to scalp on M1 but there are times of lower volatility where it is not so much of an issue. Also I can say that slippage works both ways - a delay in execution sometimes puts your entry at a better position.
  • #3,770
  • Jan 30, 2009 12:30pm Jan 30, 2009 12:30pm
Quoting karun
On a very fast moving market it is difficult to trade with MT4, just takes much time to place the order, and by the time execution happens price would have moved like atleast 4-5 pips. I have seen this often with Fxpro, not sure about others. I guess MT4 is good, if the movement is not fast.

Thanks Cobra & Doblece on the spreads information.
As a tip, on MT4 never click when the price is moving (and no allowing slippage either!), usually there's a 3 second "stall" when a new candle opens, and there is where I usually act.

Also, when it has run fast up or down and it recedes a little, the 3 second stall happens, try to check how it behaves on your own computer so you can choose the best moment for reaction.
  • #3,771
  • Jan 30, 2009 12:30pm Jan 30, 2009 12:30pm
Quoting jim28
Oh my God! This thread is growing so FAST !


Let's hope it doesn't turn into a "RED GIANT". (joke)
Hej.
  • #3,772
  • Jan 30, 2009 12:33pm Jan 30, 2009 12:33pm
Quoting TradeWell
Also I can say that slippage works both ways - a delay in execution sometimes puts your entry at a better position.
I've only seen that (requotes at a BETTER price) recently on my Alpari demo... I am really curious to know if it'll happen as well on their live account.

On my MT4 platform, I only get requoted when price has gone worse, lol... though I have to admit that with my "lag system" I don't get requoted very often either.
  • #3,773
  • Jan 30, 2009 12:35pm Jan 30, 2009 12:35pm
Quoting Stitch961


Let's hope it doesn't turn into a "RED GIANT". (joke)
We indeed hope it turns instead into a GREEN GIANT heheh... lots of p(ea)ps for everyone...
  • #3,774
  • Jan 30, 2009 12:35pm Jan 30, 2009 12:35pm
Quoting Polonaise
Thanks, but besides FIBPivots THV uses ones that are labeled with MS MR.
Does anybody know how to count those levels?
I don't know how the THV calculate the MS MR, but you can find hourly, 4H, Daily, Weekly, Monthly pivot point here.
  • #3,775
  • Jan 30, 2009 12:37pm Jan 30, 2009 12:37pm
Thats is my last trade on GBPUSD...I think the entry was fine but I chicked out at the R2 and left the trade soon....however made some nice pips...
White lines...entry and exit
  • #3,776
  • Jan 30, 2009 12:39pm Jan 30, 2009 12:39pm
Quoting leņador
Thats is my last trade on GBPUSD...I think the entry was fine but I chicked out at the R2 and left the trade soon....however made some nice pips...
White lines...entry and exit
Forgot to attach the pic....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.JPG Size: 195 KB
  • #3,777
  • Jan 30, 2009 12:40pm Jan 30, 2009 12:40pm
Quoting TradeWell
I can say that my execution is not so great. I have satellite internet (delay of 1 second) and a broker whose execution isn't always "instant". Consequently, I am hesitant to scalp on M1 but there are times of lower volatility where it is not so much of an issue. Also I can say that slippage works both ways - a delay in execution sometimes puts your entry at a better position.
But most of the times the slippage goes agianst you (us)
  • #3,778
  • Jan 30, 2009 12:42pm Jan 30, 2009 12:42pm
Quoting Polonaise
Thanks, but besides FIBPivots THV uses ones that are labeled with MS MR.
Does anybody know how to count those levels?
Those are part of the FIB pivots indicator (SDX-Pivots), MS and MR are mid-pivots (the middle line between supports and resistances). You can turn them on or off at your comfort in the settings.
  • #3,779
  • Jan 30, 2009 12:56pm Jan 30, 2009 12:56pm
Hi Psiholog, and welcome! Nice to see you around!
  • #3,780
  • Jan 30, 2009 12:58pm Jan 30, 2009 12:58pm
Quoting doblece
Those are part of the FIB pivots indicator (SDX-Pivots), MS and MR are mid-pivots (the middle line between supports and resistances). You can turn them on or off at your comfort in the settings.
Hi Doblece,

My time zone is PST (Los Angeles time), my broker is EST (New York) time.

Do I need to adjust the times in the input - variables on the THV SDX TzPivot indicator? If so, what do I put in for:

Local and Destination? Right now they are set to 0.

If there is a post on how to do this, I can go there - just could not find it.

Thanks
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