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THV system, final edition

  • #4,981
  • Feb 5, 2009 9:20am Feb 5, 2009 9:20am
Yesterday some of ppl here (forgot who) ask me to post my loss trade. And here it is. We learn a lot when it kicked or butt. This is my first loss trade today on EURJPY.

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Condition: I tried to trade on reversal near the pivot line. Since my assumption for today the market will go down, then I take only short action. But as my patience ran off, I enter too early. And... It breaks the line!

Be patience as always. There is always a second chance when you trade forex.

There is some positive trades, but no one will impress with a positive result from a beginner trader
Manage your risk accordingly and you're half done your home work.
  • #4,982
  • Feb 5, 2009 9:21am Feb 5, 2009 9:21am
Morning all...
Divergence shows on mine...?
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Listen to the whispers.... You may learn something
  • #4,983
  • Feb 5, 2009 9:22am Feb 5, 2009 9:22am
Quoting personalme
Yesterday some of ppl here (forgot who) ask me to post my loss trade. And here it is. We learn a lot when it kicked or butt. This is my first loss trade today on EURJPY.

Attachment

Condition: I tried to trade on reversal near the pivot line. Since my assumption for today the market will go down, then I take only short action. But as my patience ran off, I enter too early. And... It breaks the line!

Be patience as always. There is always a second chance when you trade forex.

There is some positive trades, but no one will impress...
It's simple: you didn't wait for the rules to be met.
Never "assume": just trade what you SEE.
  • #4,984
  • Feb 5, 2009 9:23am Feb 5, 2009 9:23am
Quoting personalme
Condition: I tried to trade on reversal near the pivot line. Since my assumption for today the market will go down, then I take only short action. But as my patience ran off, I enter too early. And... It breaks the line!
I think you are correct. It looks like the M5 did not meet the rules when you took your trade.
  • #4,985
  • Feb 5, 2009 9:25am Feb 5, 2009 9:25am
Quoting cashmeer
waiting to see....:nerd:
yup -
Pip what you see; See what you pip!
  • #4,986
  • Feb 5, 2009 9:27am Feb 5, 2009 9:27am
I jusr traded that little fake break out for 6 pips...

You know what...I was having difficulties closing the trade, it kept telling me invalid prices....JERKS...I almost closed out with no profit...


ADD: Darn I am REALLY hungry and cannot concentrate...I think I'm gonna go munch for a bit...
Deprive a man of everything and you give him nothing to lose.
  • #4,987
  • Feb 5, 2009 9:30am Feb 5, 2009 9:30am
Quoting doblece
It's simple: you didn't wait for the rules to be met.
Never "assume": just trade what you SEE.
Yep. I note that too as my second rule. Thank you Doblece.
Manage your risk accordingly and you're half done your home work.
  • #4,988
  • Feb 5, 2009 9:34am Feb 5, 2009 9:34am
Hello all,im new to the THV system and just wanted to let you all know im on board to learning this great system.

I would like to thank everybody that has helped with making this system and sharing it freely.

Happy Pipping ,

Jerome
  • #4,989
  • Feb 5, 2009 9:36am Feb 5, 2009 9:36am
Quoting doblece
It is probably an issue with everyone's broker's prices which might be different.

The indicator is based on calculations, which if not met, won't show the lines... and remember that the divergences are being drawn from the same candle to the next same candle (in respect to time), so if the candle's high that corresponds to the indi's first change of color and the one that corresponds to the second indi's change of color are not of the appropriate price as per the formula to indicate such a divergence (you could be having a smaller high for example)...
It´s probably that!

Thx doblece.
  • #4,990
  • Feb 5, 2009 9:44am Feb 5, 2009 9:44am
Quoting personalme
Yesterday some of ppl here (forgot who) ask me to post my loss trade. And here it is. We learn a lot when it kicked or butt. This is my first loss trade today on EURJPY.

Attachment

Condition: I tried to trade on reversal near the pivot line. Since my assumption for today the market will go down, then I take only short action. But as my patience ran off, I enter too early. And... It breaks the line!

Be patience as always. There is always a second chance when you trade forex.

There is some positive trades, but no one will impress...
Just a tip:

You were on the buy side of the thin coral.
  • #4,991
  • Feb 5, 2009 9:47am Feb 5, 2009 9:47am
I did not take this one, but I would like to know if this is considered a valid entry setup. I did not take this, because it was close to round number .2800, and before that it was trying to break below MS2 and was stalling there for a while, so I was really not sure if this is a move upwards or false breakout.

Thanks
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  • #4,992
  • Feb 5, 2009 9:48am Feb 5, 2009 9:48am
I will see you all later. I need to run errands today so I won't be back until Asia. Carefully choose your entries, don't be in a rush.
  • #4,993
  • Feb 5, 2009 9:54am Feb 5, 2009 9:54am
Quoting TradeWell
I will see you all later. I need to run errands today so I won't be back until Asia. Carefully choose your entries, don't be in a rush.
later
Pip what you see; See what you pip!
  • #4,994
  • Feb 5, 2009 9:55am Feb 5, 2009 9:55am
Quoting karun
I did not take this one, but I would like to know if this is considered a valid entry setup. I did not take this, because it was close to round number .2800, and before that it was trying to break below MS2 and was stalling there for a while, so I was really not sure if this is a move upwards or false breakout.

Thanks
Its going up and up ...
  • #4,995
  • Feb 5, 2009 9:57am Feb 5, 2009 9:57am
Quoting karun
I did not take this one, but I would like to know if this is considered a valid entry setup. I did not take this, because it was close to round number .2800, and before that it was trying to break below MS2 and was stalling there for a while, so I was really not sure if this is a move upwards or false breakout.

Thanks

I wouldn't take that one, I like when fast trix cross slow trix.
  • #4,996
  • Feb 5, 2009 9:58am Feb 5, 2009 9:58am
Quoting hgtrad
Just a tip:

You were on the buy side of the thin coral.
Yup. That's right hgtrad. Just a sloppy me
Manage your risk accordingly and you're half done your home work.
  • #4,997
  • Feb 5, 2009 10:04am Feb 5, 2009 10:04am
Is there any way that the new trix indicator could be revised to accomodate multiple time frames?

In this way I could post a 15 min trix on my 1 or 5 min charts.

I apologize if this has already been covered, but this thread grows so fast as to make it difficult to keep up with.

Incredible system as is.

Thanks,

saintmo
  • #4,998
  • Feb 5, 2009 10:06am Feb 5, 2009 10:06am
Here is a trade I just took. Wanted to outline my thoughts...


1.) The 15 min chart was coming out of oversold and the fast trix was green. I thought it may move the 5 min up.

2.) in the 5 min I had found a triangle and it was pretty clear that it was tightening down either for a break up or down...

3.) I was waiting (stalking) in the 1 min for strong moves and THV setups...

All the while Trix was green in all the time frames I was using.

I think that if had stayed in my first position I could have let in run in the 5 min instead of getting out and then getting in again...


WOW: She just really took off...


Sorry if there are too many attachments
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Deprive a man of everything and you give him nothing to lose.
  • #4,999
  • Feb 5, 2009 10:10am Feb 5, 2009 10:10am
Gentlemen !! i am here to say my days of uncertainty and confusion are over!! i learned about this system yesterday,read it all night and in the last 2 hrs i have completed 3 trade on a live account each 30 pips without a hitch or retracement of more than 10 pips!! Wao its like magic, i am so excited!! Cheers to you all who have made it possible, God bless you!!
  • #5,000
  • Feb 5, 2009 10:11am Feb 5, 2009 10:11am
Quoting cashmeer
Here is a trade I just took. Wanted to outline my thoughts...


1.) The 15 min chart was coming out of oversold and the fast trix was green. I thought it may move the 5 min up.

2.) in the 5 min I had found a triangle and it was pretty clear that it was tightening down either for a break up or down...

3.) I was waiting (stalking) in the 1 min for strong moves and THV setups...

All the while Trix was green in all the time frames I was using.

I think that if had stayed in my first position I could have let in run in the 5 min instead of getting...
thats is the exact trade I did not take
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