THV system, final edition

but the rules didn't say so.

It's hard not to get it right with this system. Will post additioanl trades for consideration.

Why not?

Trix cross is red and under the zero line.
PA under the Coral and the Cloud.
Trend is Down.

On M5: short at 1.2867 (approx) (just below MS1). 19:15 candle gmt+2

Another one a few candles ago, short at 1.2817 for fewer pips. 21:00 gmt+2

The first one had also a bearish divergence just before sequential to a reverse bearish one.

but the m1 trix was green during that time. on the m5 the fast trix wasn't under the slow one. i would have been stopped out if i had taken it.

Edit:- Cobra, you can delete this post if it looks off-topic. Thanks !

I see every body in an upbeat mood, I dont want to spoil that, however I thought I'll post this because trading systems can help you to trade, but eventually its each persons thought process and discipline which will make the difference.

I sincerely aplogize for a very long post, I hope this is in context with the thread, I thought I'll post this to show that even in a good day, if the trader is not disciplined and bring emotions in the scene, you cannot do much.

I have sequenced the events with numbers in both charts, below is the my thoughts at that moment (not after that) , it is NOT an post analysis of what happend, my own post analysis of the trade like what I should have and should not have done is in the last of this post. I appreciate any comments on what else I could / should have done.

#1. I was looking at that run up, it went fast especially last 3 candles jumped like 10 pips each, and in both 1M and 5M the faster trix was inching towards O/B(or is it O/S ?, still get confused with this) territory.

#2. In 1M trix goes into O/B territory and turns to red, signalling reverse course, at this time I started looking at 5M chart for a confirmation.

#2a. I see that the fast trix in 5M changes to red in O/B area. I prepare myself and start concentrating on 1M chart.I look at 1M chart every thing looks ok to me, or was it? I see that there was already a small run down in 1M, and the faster trix is close to O/S area. As with any run-up/run-down, I start to think it will retrace a bit before it continues the downward spiral.
What if it does not go for retracement and next candle open even further down? I will lose my pips, no way. I want all the pips. Even if it retraces, its fine, any way it is going downward so the retracement will not be a big issue. I enter the short @1.28391 and next candle or so it starts it retracement, and goes up till 1.28568, I start to think, jeez, I should have waited for retracement and entered then I would have got more pips. After that it starts it downward travel and I put my stop loss at breakeven.

#3. I see that it is getting closer to S1, now I start to think should I close the position or will it push through S1 and go further? I keep moving my SL up and down, finally I decide to put it back in break even and see what happens. After almost touching S1, it starts to go up, I think its another retracement. I look at 5M the faster trix is close to zero line. Now I'am in delimma, whether to close or not, I decide to let it go and continue watching 1M chart.

#3a. Suddenly it goes up fast and takes out my SL at break even then start to come down. I start to think what a stupid was I, to leave the profit in table.

#4. Next candle opens Red, I notice the faster trix in 1M is green and pointing up , trix in 5M is still Red, but close or almost in zero line. Now I panic and I'am mad at myself for losing the opportunity of making atleast 20 pips, I jump in take another short @ 1.28400, next candle in 1M is red, Ok, I am fine.

#4a. The after placing the order, I notice that faster trix on 5M is starting to get green, I start to think it will continue downward in a while

#5. The carnage begins, it runs up very fast before and I am still *thinking* what to do, finally by the time I close the position its all done but over. I cannot belive what happend to me, how could this happen to me? How can I lose from a position of making 20+ profit? I start blaming every body, market and myself.

Well, that is how it started and ended. After a while, I come back to my senses and decide to disect the mistakes I made and post it here.

Here is my analysis on what I should have done and I should not have. This is the post trade analysis.

#1 & #2:-
I really do not see that I did anything wrong in #1 & #2. I strongly believe I was looking for an opportunity there, which every trader should be doing. Looking for opportunity.

#2a, I should have respected my thought process and signal from 1M trix, which clearly indicated there could be a possible retracement. I could have gotten a better entry point. I should also submit to the fact that I cannot get all the pips in the world, I will get there, it is a matter of time.

#3. I should have closed the position when it got very close to S1, since 5M trix was close to zero line. If it continue to fall, I could have re-entered after S1.

#3a. This is what I should have thought, "fine, I did not get profit out of it, but neither did I lose anything".

#4. At this point of time, I was in total chaos, to be blunt, I was gambling, I want to take back all I could not make earlier. Very wrong thought process.

#4a. Some sense kicks back in, if faster trix turns color in O/B, O/S area, it a very high possiblity of reversal(Remember, this is how I was looking for opportunity in #1) , I should have exited here at break even or minimal loss.

#5. I have nobody else to blame other than myself, not market, not any body else.

Thanks for reading such a length post.

Wish you all more pips.

Thanks again.

Thanks a lot for your help...I got it now!!!!... The coral is working

What????

there have been some great trades today. Only see the last half hour, you need a coffee

woa !!

Okay...Karun, this is gonna take some time...maybe moretime than it took you to put this together...LOL....

I'm sure you're gonna get good feedback...

So, let me start reading this. Maybe I should print it out

so you guys are ignoring the huge support of the h&s line.

ok. it wasn't what i did yesterday. that was a good day, but those entries didn't meet the criteria of my trades yesterday. so i didn't get in. it was more high risk to me.

Sure, take your time. Happy Reading !!!

Yeah, I wasn't really looking at that...it broke S1 earlier today and broke MS2, so there was a good chance it would have hit MS2 again...

I was focusing on 5 and 15 min PA primarily...

The last 5 min break seemed pretty obvious, and look how it completely respected the T/L from the earlier part of the day...

and the 15 min trix was completely red, pointing down and I think it had crossed...

No?

let's see what others have to say...

i was wondering if it was just me. that is why i didn't trade today. it was too close to the support. it was too great of risk to me and i didn't feel comfortable about it. the pair has been ranging all day. if i had taken the last one using m1 as entry i would have been stopped out.

the price hit ms2 again and retraced back up. there hasn't been a clear break.

Great post Karun

It would need to be read twice, so long I finished to read it once.

My first impression is lack of confidence and may be fear to lose.

You triggered good trades but stepped out too fast, believing that the trade goes against you.

You will get more confident trading the simulator, cashmeer (and I as well)does that during the weekends, and you will get a lot of experience that cost you no one pip.

Plan your trade and keep on it, set reasonable SL and if it got hit take a breath and start up again without overtrading.


One additional note: never ever try to get back the pips you lost in a previous trade, take it as a loss and start to find a new trading oportunity without an avenger mind, that never works.

Thanks for your words, I'll check the simulator.

Planning my trade is another problem I have, should work on that.

Thanks again, for both the system and the support on the thread.

Where would have that stop been?

- 1.2830 (M5 about to meet rules but PA has penetrated the cloud so you go see on M1, M1 rules met) at 20:49 gmt+2
- PA on M1 under the Coral
- S1 (and middle channel) at 1.2811, that's a fair 15 pips possibility and LTL is at 1.2781 on MS2

Went down to S1 and then to downtrend LTL
So, even if placing stop at BE when S1 was reached, price didn't went over 1.2830 (max 1.2827) then trade continued down where you could have stopped it at S1 (yesterday's low 1.2811) for 17 pips (Ask price 1.2813) or continued towards QP1S2 and exited at the green doji (1.2799 for 29 pips) but if middle channel line and S1 broken most probability of reaching the LTL so I would have exited there (1.2789 at doji) for 39 pips...

Well, it's absolutely respectable that you don't trade if you don't feel secure and comfort with a possible trade.

But, we are ranging 150 pips and working 5M and 1M there should have been some trades that could have been interesting for you IMO.

After downloading and installing the latest zip file from page 1, the Market Hours no longer appear on my charts. I'm using the template from the zip file, and yes the THV3 Market Hours shows in the Indicator list.

I opened a new chart, and attached only the THV3 Market Hours indicator, but it does not appear. Any ideas ?? Thanks.

Be sure to change the timezone setting to that of your broker.