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THV system, final edition

  • #4,621
  • Feb 3, 2009 7:37pm Feb 3, 2009 7:37pm
Done Thanks Doblece.
  • #4,622
  • Feb 3, 2009 7:37pm Feb 3, 2009 7:37pm
Quoting Peter Pipper
I'm confused as to which alerts mean what. Is there an alert that plays only when the fast trix changes color? Also, is there a way to turn off the "analyze exit" alert while keeping the trix color change alert on? Once I'm in a trade I am always watching my chart and don't need it. Thanks.

P.S. I've started my journal (link in sig). Feel free to visit - hopefully I can start trading during London tonight
the fast trix color change is the analize exit sound.

If you like you can disable the sounds in the property menu.
  • #4,623
  • Feb 3, 2009 7:42pm Feb 3, 2009 7:42pm
Testing
  • #4,624
  • Edited 8:05pm Feb 3, 2009 7:45pm | Edited 8:05pm
Quoting cobraforex
great, and wellcome.

Do yourself a favor and read the manual and thread as much as you can, there are very helpfull hints and tricks (trix, lol).

Any question will be answered here by the team or our hardcore THV traders that already made their homework.

All the pips for you.
Master CobraForex,

can you pm me your IM? so that i can learn more from you???
Trading Forever !!!
  • #4,625
  • Feb 3, 2009 8:02pm Feb 3, 2009 8:02pm
Quoting Mauricio
Testing
  • #4,626
  • Feb 3, 2009 8:07pm Feb 3, 2009 8:07pm
Quoting cscheat
Master CobroForex,

can you pm me your IM? so that i can learn more from you???
Sorry cscheat but I don't give privat classes, all you need to know you find here.

Once that I see that you are doing your homework well I can help with additional learning material etc.

But first get started with what is written here, you will have a lot to do, lol.
  • #4,627
  • Feb 3, 2009 8:07pm Feb 3, 2009 8:07pm
How do you scalp in a market where just Tokyo and Sydney session are open?

I downloaded your system Cobra, and i have to congratulate you for your hard work and thanks a lot too.
I wonder if trading with trix cross only is good for sclaping winning up to 15 pips?..
  • #4,628
  • Feb 3, 2009 8:13pm Feb 3, 2009 8:13pm
Quoting Baqtrader
I wonder if trading with trix cross only is good for sclaping winning up to 15 pips?..
You can use it on any timeframe.
I personally tested it on M30 and H4, of course you will have to adjust your stops accordingly (and be more patient ).

The formal definition of scalping is that of trades where you go in and out in a very short span of time, sometimes even less than one minute (usually around 5 minutes in average) and taking from 1 to 10 pips, depending on the volatility, with very tight stops.

Sometimes a scalping trade can develop into a longer trending one, and this is why you can keep it going by checking a higher timeframe with the same parameters.

I usually can scalp between 50-100 total pips in that slow Asia session, for me it's the best moment as there aren't big spikes going around and it's usually ranging so one can take trades both ways.
  • #4,629
  • Feb 3, 2009 8:19pm Feb 3, 2009 8:19pm
Quoting doblece
You can use it on any timeframe.
I personally tested it on M30 and H4, of course you will have to adjust your stops accordingly (and be more patient ).

The formal definition of scalping is that of trades where you go in and out in a very short span of time, sometimes even less than one minute (usually around 5 minutes in average) and taking from 1 to 10 pips, depending on the volatility, with very tight stops.

Sometimes a scalping trade can develop into a longer trending one, and this is why you can keep it going by checking a higher timeframe...

CC, do you normally set your stops around 10-15 pips on a 1M scalp? I have had some luck with a max of 20 but I don't know if that makes sense from a R/R.
  • #4,630
  • Feb 3, 2009 8:24pm Feb 3, 2009 8:24pm
Quoting rogueforex
CC, do you normally set your stops around 10-15 pips on a 1M scalp? I have had some luck with a max of 20 but I don't know if that makes sense from a R/R.
I don't set a fixed stop but usually close it under 20 which is my maximum stop. However, I wait until I can get the best possible entry so the trade goes my way immediately or barely goes back 5-10 pips max. My R:R is awful (average winner around 5 pips) but with a 85-90% win ratio is very acceptable. And only will I do that on a fast platform (would never scalp that way on Mt4).

The 3*ATR indication on the system is a good S/L because it will take account of the actual volatility at the moment you place the trade.
  • #4,631
  • Feb 3, 2009 8:27pm Feb 3, 2009 8:27pm
Quoting doblece
I don't set a fixed stop but usually close it under 20 which is my maximum stop. However, I wait until I can get the best possible entry so the trade goes my way immediately or barely goes back 5-10 pips max. My R:R is awful (average winner around 5 pips) but with a 85-90% win ratio is very acceptable. And only will I do that on a fast platform (would never scalp that way on Mt4).

The 3*ATR indication on the system is a good S/L because it will take account of the actual volatility at the moment you place the trade.
Thanks, I have learned that the hard way with the requotes and the delays.
  • #4,632
  • Feb 3, 2009 8:30pm Feb 3, 2009 8:30pm
Quoting rogueforex
Thanks, I have learned that the hard way with the requotes and the delays.
Only way to open a trade without getting many requotes is to wait for the exact moment of the open of the next candle, there's usually a small "pause" where you can place the trade and price is not moving (unless you're in the middle of news, of course).
  • #4,633
  • Feb 3, 2009 8:31pm Feb 3, 2009 8:31pm
Quoting doblece
You can use it on any timeframe.
I personally tested it on M30 and H4, of course you will have to adjust your stops accordingly (and be more patient ).

The formal definition of scalping is that of trades where you go in and out in a very short span of time, sometimes even less than one minute (usually around 5 minutes in average) and taking from 1 to 10 pips, depending on the volatility, with very tight stops.

Sometimes a scalping trade can develop into a longer trending one, and this is why you can keep it going by checking a higher timeframe...
Ok doblece, thanks for your answer. Now a question, why does one use a higher TF than 5 min, if with small TF is easier to analize the movement of market within short span of time..
  • #4,634
  • Feb 3, 2009 8:35pm Feb 3, 2009 8:35pm
Quoting Baqtrader
Ok doblece, thanks for your answer. Now a question, why does one use a higher TF than 5 min, if with small TF is easier to analize the movement of market within short span of time..
1. To spot the trend more easily and be able to go with it if expecting a potential longer trade.

2. The small TF is used to get a better entry on the higher one: if you trade on M5, you look for an entry on M1 when you have the setup on M5.

3. Then, having entered the trade on M1, you can see if it is still going on on M5 despite the small pullbacks on M1, this will help you gauge the potential left (unless you are in and out for a fast scalping, but it will be still helpful to go with the trend).

For example: I use M1 for my entries, but at the same time I watch M30 and M5. If all three are in agreement, the trade will be much safer than if "longer term" (compared to M1) trend is against my direction.
  • #4,635
  • Feb 3, 2009 8:43pm Feb 3, 2009 8:43pm
Good night to all THV Team,
I've been followed this threat anonymously for quite some time. I tryed V2 but i want to contratulate the all team for this awesome TVH v3. i just give it a quick look and looks even better than preavious. so congrats.
I'm usually a mid-long trader. but i want to thanks cobra and the team for this system that allows me to do one thing that almost no system allowed me profitably to do....scalping.
Once again thanks for all the good work and keep on piping!
Regards
Tim
  • #4,636
  • Feb 3, 2009 8:52pm Feb 3, 2009 8:52pm
Quoting timf1979
Good night to all THV Team,
I've been followed this threat anonymously for quite some time. I tryed V2 but i want to contratulate the all team for this awesome TVH v3. i just give it a quick look and looks even better than preavious. so congrats.
I'm usually a mid-long trader. but i want to thanks cobra and the team for this system that allows me to do one thing that almost no system allowed me profitably to do....scalping.
Once again thanks for all the good work and keep on piping!
Regards
Tim
Welcome! Feel free to ask questions at any time.
  • #4,637
  • Feb 3, 2009 9:46pm Feb 3, 2009 9:46pm
Quoting doblece
1. To spot the trend more easily and be able to go with it if expecting a potential longer trade.

2. The small TF is used to get a better entry on the higher one: if you trade on M5, you look for an entry on M1 when you have the setup on M5.

3. Then, having entered the trade on M1, you can see if it is still going on on M5 despite the small pullbacks on M1, this will help you gauge the potential left (unless you are in and out for a fast scalping, but it will be still helpful to go with the trend).

For example: I use M1 for my entries, but...
Hi Doblece,

Like you, I use higher time frames (5 and 15 min) to pick entries on the 1 min chart. In your post you state that: “For example: I use M1 for my entries, but at the same time I watch M30 and M5. If all three are in agreement, the trade will be much safer than if "longer term" (compared to M1) trend is against my direction.”

I know that we are all plotting trend lines, divergence, and doing other technical analysis, but when you say that you are looking for each the timeframes to be “in agreement”, what do look for?

Right now, I use the old THV T3 and Hull Replace on the 1 and 5 min. I only look for shorts on the 1 min when the T3 is below the Hull Replace AND the new THV TRIX lines are both red (fast TRIX under slow TRIX) on BOTH time frames. Is this TOO conservative and am I missing the whole point of the simplified THV version 3. This does yield fairly safe trades – but I leave tons of pips on the table. I marked just one example on the 1 and 5 min charts to show this agreement.

But I am curious what you are doing. Do you have another suggestion along these lines?
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Without vision, the people will perish.
  • #4,638
  • Feb 3, 2009 10:01pm Feb 3, 2009 10:01pm
Quick question.

I am in Tokyo and need to set the Market Hours to GMT+9 however it does not seem like it is possible to input a + mark in the box.

Any suggestions folks?
Starting to see instead of just looking.
  • #4,639
  • Feb 3, 2009 10:07pm Feb 3, 2009 10:07pm
Quoting Rastaman
Quick question.

I am in Tokyo and need to set the Market Hours to GMT+9 however it does not seem like it is possible to input a + mark in the box.

Any suggestions folks?
Any positive values don't need the + .
  • #4,640
  • Feb 3, 2009 10:12pm Feb 3, 2009 10:12pm
Tradewell I saw on your profile that you live in the west coast. I also live in the west coast. I was wondering what setting you use for Pivot Points?
THANKS
Yea it's Life//
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