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THV system, final edition

  • #5,181
  • Feb 6, 2009 12:44am Feb 6, 2009 12:44am
i like the V3 ...

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  • #5,182
  • Feb 6, 2009 3:44am Feb 6, 2009 3:44am
Good morning (from East

I'm another one in row who wants to say Thank you to team which is developing and sharing THV. I'm a beginner in forex but it was wonderful for last week to read your posts and whach your improvemens of system. I feel lucky to join this thread and be able to learn from people who are so obviously "on the spot".

I wish safe trading to all,
from Prague.
  • #5,183
  • Feb 6, 2009 3:49am Feb 6, 2009 3:49am
How do you gat to have that multi time frame to work , on the upright hand side of your chart?

It might be an obvious question with an obvious answer, but i don't get it....


thanks in advance


cheers and safe trading....

jack
  • #5,184
  • Feb 6, 2009 4:18am Feb 6, 2009 4:18am
I need your suggestions on this entry, please help me. What i have done wrong, or i am thinking into wrong way? As described on THV3 manual entry rules... I take this buy entry(red arrow) because of two trix crosses at same colour, price, ichimoku above coral and heiken ashi have no wicks and shadows, pivot was breaken.....Of corse there was a profit about 5 pips, but i have TP 10. After this as shown there was a good drop down. What i have done wrong ?Was it in case of early entry(because i thougth it already passed) not retest pivot or false divergence signal. Thank you.
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  • #5,185
  • Feb 6, 2009 4:28am Feb 6, 2009 4:28am
Quoting Wlfx
I need your suggestions on this entry, please help me. What i have done wrong, or i am thinking into wrong way? As described on THV3 manual entry rules... I take this buy entry(red arrow) because of two trix crosses at same colour, price, ichimoku above coral and heiken ashi have no wicks and shadows, pivot was breaken.....Of corse there was a profit about 5 pips, but i have TP 10. After this as shown there was a good drop down. What i have done wrong ?Was it in case of early entry(because i thougth it already passed) not retest pivot or false divergence...
Hindsight is easy but I only see a couple of things why this didn't work too well:
1. You were trading into the daily open (2787). Price will often bounce off of that, or at least hesitate while determining real direction.
2. Trix was not a strong signal. It was coming off a down-move and did not break the zero line.
3. I don't know if that divergence arrow was there in lower window when you took the trade, but I think that's signaling impending downward action, right.

Biggest thing I think is the daily open. That's why we work with close stop losses.
Up or down, gimme a ticket
  • #5,186
  • Feb 6, 2009 4:32am Feb 6, 2009 4:32am
Quoting SpecialEd
Hindsight is easy but I only see a couple of things why this didn't work too well:
1. You were trading into the daily open (2787). Price will often bounce off of that, or at least hesitate while determining real direction.
2. Trix was not a strong signal. It was coming off a down-move and did not break the zero line.
3. I don't know if that divergence arrow was there in lower window when you took the trade, but I think that's signaling impending downward action, right.

Biggest thing I think is the daily open. That's why we work with close stop...
Thank you SpecialEd!. Now i will stay away from trades like this.
  • #5,187
  • Feb 6, 2009 5:24am Feb 6, 2009 5:24am
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  • #5,188
  • Feb 6, 2009 6:02am Feb 6, 2009 6:02am
Quoting cobraforex
nope, we are all still learning.

BTW: what is that animal in your avatar? Looks similar to a gofer, can you eat those?
you are the teacher which open the door for us but we have by our selfto go inside and thx alot
  • #5,189
  • Feb 6, 2009 6:02am Feb 6, 2009 6:02am
Quoting jackdan
How do you gat to have that multi time frame to work , on the upright hand side of your chart?

It might be an obvious question with an obvious answer, but i don't get it....


thanks in advance


cheers and safe trading....

jack

Here u go...

Sonic
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File Type: ex4 #Signal_Bars_v71.ex4   46 KB | 837 downloads
  • #5,190
  • Feb 6, 2009 6:23am Feb 6, 2009 6:23am
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  • #5,191
  • Feb 6, 2009 6:32am Feb 6, 2009 6:32am
Quoting Gofer Pips
BoredToLoose posted a new pattern in EUR/USD, and I think we all have been trading it!
use for candel avereage 3,5,5,5,
  • #5,192
  • Feb 6, 2009 7:26am Feb 6, 2009 7:26am
Quoting Gofer Pips
Thanks buddy for response.
Great minds think alike

Do owls eat rodents?
They are one of the best natural rodent controls.
  • #5,193
  • Feb 6, 2009 7:56am Feb 6, 2009 7:56am
Quoting doblece
Not in my charts. At least (weekly) not yet. Looks like a possible tweezer bottom on Daily... but there's still lots of hours ahead.
Would have to get through that low (this week's) and retest to be confirmed...
There must be a difference in feeds because my weekly is a little different. Nevertheless, you are correct that it would have to be confirmed. The week is not over so a more complete analysis needs to wait for the weekend.
  • #5,194
  • Feb 6, 2009 8:02am Feb 6, 2009 8:02am
BTW, good morning all. Still a little spikey for me right now.
  • #5,195
  • Feb 6, 2009 8:07am Feb 6, 2009 8:07am
Quoting TradeWell
BTW, good morning all. Still a little spikey for me right now.
good morning TW! yeah, too spikey for me too, can't handle 40 pip SL in 1M, lol. although, very nice run up, anyone crazy enough to take the fast trix change to green in 1M made nice profit
  • #5,196
  • Feb 6, 2009 8:09am Feb 6, 2009 8:09am
Quoting Jack Herer
good morning TW! yeah, too spikey for me too, can't handle 40 pip SL in 1M, lol. although, very nice run up, anyone crazy enough to take the fast trix change to green in 1M made nice profit
I noticed that SL too. Wow.

Waiting to see if we get a drop through DP, with retest. As long as it looks well behaved.
  • #5,197
  • Feb 6, 2009 8:14am Feb 6, 2009 8:14am
Quoting sonicdeejay
Here u go...

Sonic
Thanks DJ.

Regards from the Canary Islands .


Happy pips to all

Jackdan
  • #5,198
  • Feb 6, 2009 8:20am Feb 6, 2009 8:20am
Trendline resistance keeping us from going higher for now.
  • #5,199
  • Feb 6, 2009 8:25am Feb 6, 2009 8:25am
Quoting TradeWell
Trendline resistance keeping us from going higher for now.
possible future bearish divergence in 15M?
  • #5,200
  • Feb 6, 2009 8:28am Feb 6, 2009 8:28am
Quoting Wlfx
I take this buy entry(red arrow) because of two trix crosses at same colour, price, ichimoku above coral and heiken ashi have no wicks and shadows, pivot was breaken.....Of corse there was a profit about 5 pips, but i have TP 10. After this as shown there was a good drop down. What i have done wrong ?Was it in case of early entry(because i thougth it already passed) not retest pivot or false divergence signal. Thank you.
If you check on M1 (which you should do to pinpoint a better entry when M5 has a setup) you would have seen that in fact that was a late entry, at a moment where market is flat (yellow - no trade conditions) and the candle opened much lower than the previous one close (receding).

Don't marry your positions... Independently of the TP you might have, if you see something is going wrong you can close the trade and in fact should have gotten an analyze exit on M5 AND on M1 a few candles later, and if still in the trade, the analyze sell (cross down of red Trixes) should have let you exit the trade with 7 pips if entered at 1.2790... (as per your M5 candle + 2 pips spread entry) on first red candle after the red cross...
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