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THV system, final edition

  • #5,301
  • Feb 6, 2009 6:21pm Feb 6, 2009 6:21pm
Quoting WilteredFire
Have a great weekend all, wish you all many pips for next week. Cant wait!
Thanks, same for you.

Nice logo in your footnote and it's green like SeerEye wanted
  • #5,302
  • Edited 6:58pm Feb 6, 2009 6:30pm | Edited 6:58pm
Quoting sed34
ok everybody. i am now calling myself an extreme scalper. i will trade the m1 or m2 for 3 pips a trade
Sed, I love your posts but can't believe that it is that difficult to trigger a trend and jump on the train till it's loosing velocity

Only watch this two trades from today, first one broke DP, a sign of divergence given as well, cross of trix lines and PA and cloud above coral.

Second one, cross of trix lines but I wouldn't have taken it in that moment (the yellow box) but after break of R1, also all rules in order

adding both trades you could have made easy 100 + pips
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  • #5,303
  • Feb 6, 2009 7:04pm Feb 6, 2009 7:04pm
Quoting cobraforex
Sed, I love your posts but can't believe that it is that difficult to trigger a trend and jump on the train till it's loosing velocity

Only watch this two trades from today, first one broke DP, a sign of divergence given as well, cross of trix lines and PA and cloud above coral.

Second one, cross of trix lines but I wouldn't have taken it in that moment (the yellow box) but after break of R1, also all rules in order

adding both trades you could have made easy 100 + pips
I saw both the trades today and did not take either of them due to the fear of my yesterdays massacre. Will start with a clean slate from monday.
I personally believe yesterday and today, there were quite some opportunities to grab lot of pips.

Thanks !
  • #5,304
  • Feb 6, 2009 7:13pm Feb 6, 2009 7:13pm
Quoting Peterd
Maybe I should add the option of Screaming Sound in case you are outside the house doing yard work...
I would save that sound for when your stop loss gets hit...and it wasn't at BE!
  • #5,305
  • Feb 6, 2009 7:13pm Feb 6, 2009 7:13pm
Quoting cobraforex
Sed, I love your posts but can't believe that it is that difficult to trigger a trend and jump on the train till it's loosing velocity

Only watch this two trades from today, first one broke DP, a sign of divergence given as well, cross of trix lines and PA and cloud above coral.

Second one, cross of trix lines but I wouldn't have taken it in that moment (the yellow box) but after break of R1, also all rules in order

adding both trades you could have made easy 100 + pips
i seem to be unlucky. like i said in an earlier post. it looks like i'm always late to the party. but on those 2 trades it was the US non-farm payroll on the first one. i usually don't trade right after major news. so i wouldn't have taken the first one. seems like news stops me out quick. the second trade was friday after 12 pm. i don't trade friday afternoons, because of my experience it usually goes flat, but i have noticed recently it will trend up or down steadily before it closes.

i'm trying a new method. "Always trade trend". I'm using stochastics and the 4hr chart. and the trend was up for today so i only take longs. no shorts even if the rules say its ok. if the 4hr is down then short all day. will simulate the trade and see what happens.

i will not continue to pump money into an avenue that is not profitable. You gave an example of an old lady, but i will be on the streets if i kept putting money into a spot forex account that wasn't working. right now i'm trading a micro account so i'm not spending a crazy amount of money. 25 dollars here and there, but if i can't make a micro work there is no way i'm using standard lots. my plan is to build my account to work up to mini lots then standard lots, then mega lots.
  • #5,306
  • Feb 6, 2009 7:31pm Feb 6, 2009 7:31pm
Quoting sed34
i seem to be unlucky. like i said in an earlier post. it looks like i'm always late to the party.

my plan is to build my account to work up to mini lots then standard lots, then mega lots.
Don't worry Sed, it will come the day that the coin droppes and you will start to built your account to standart lots.

Most of us went through that stage of trading but being constant and studying it will come the day you get it.

Wish you all the pips.
  • #5,307
  • Feb 6, 2009 8:46pm Feb 6, 2009 8:46pm
Quoting cobraforex
You can do it by yourself in the properties of the indicator.

Make sure to save the template once you're ready

BTW: nice the fun indicator, I wanted to use some of it 2 month ago but came only in ex4 files, nice graphic


Ha CC, like always faster than I, lol.
Thx
  • #5,308
  • Feb 6, 2009 10:15pm Feb 6, 2009 10:15pm
Sed34

My advise to you is to get yourself a trading buddy.

Then communicate on Skype and if then you cannot make profitable trades soon, you might be one of those people that are not made to trade forex.

If each and everybody would be the same as the other, it would be a dull world.

Pleasant weekend to all, if you are in the neighborhood on Saturday, drop in for a slice of cake, starting a new "trading" year
  • #5,309
  • Feb 6, 2009 10:41pm Feb 6, 2009 10:41pm
Good Night, everybody!

I'm going to mess around with simulator and trade some days.
Is good to see people in fridays night.!!


Regards,
IkkI
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #5,310
  • Feb 6, 2009 11:01pm Feb 6, 2009 11:01pm
Quoting ikki
Good Night, everybody!

I'm going to mess around with simulator and trade some days.
Is good to see people in fridays night.!!


Regards,
IkkI
Good night Ikki, and great idea!
Hope you will be posting your findings thereafter!
  • #5,311
  • Feb 7, 2009 5:01am Feb 7, 2009 5:01am
Hello folks!

Something I read caught my attention. It has always been said that you "can't buy time." But, in the Forex world, the opposite is actually true. When you break it down, pip movement is time in a sense. And a LOT of pip movement represents a LOT of time. If you have an account that is under-funded, you don't have much "time" if things go wrong. But, if you have a properly funded account (the more, the merrier) then you can ride out most bad situations. An under-funded account is your worst enemy!
.....avoiding the effects of randomness
  • #5,312
  • Feb 7, 2009 8:36am Feb 7, 2009 8:36am
Quoting sed34
i'm trying a new method. "Always trade trend". I'm using stochastics and the 4hr chart. and the trend was up for today so i only take longs. no shorts even if the rules say its ok. if the 4hr is down then short all day. will simulate the trade and see what happens.
Hey Sed34,

I have been following your trade postings and noticed that you have not settled down into your own style of trading. In essence, you need to find your own style of trading and adapt systems/methods that you learn from others. You need to settle in on one that suits you the best and then work on it till you are good at it.

Another thing I noticed is that you are switching TF for trading which is different from MTF analysis. Pardon me if my observation is wrong here. THV works on every TF BUT the dynamics, challenges, trade emotional and financials are all different. Stay with using THV on the TF that you are most comfortable with. Do not jump from one TF to another to trade. Instead using different TF for analysis.

Like to share something here. For me, I went through what all of us went through - searching for the best indicators, systems, methods and finally came full circle. There is no holy grail in forex. I now trade H1 TF the way all of us came into this world - naked. My analysis is done on H4 and D1 for S/R or some like to call it demand and supply levels.

As mentioned in my previous posts, I am using THV to squeeze more out of the market while waiting for my H1 S/R levels to do their magic. With THV, I do not look at the M1 TF as recommended for entry simply because it is too emotionally taxing for me - I just cannot handle the candles break dancing in front of me. I am a very visual person when it comes to intraday trading and thus combined THV on M5 TF with MMA (multiple MAs) on another chart for analysis. Some like to call it the Rainbow or Guppy. It gives me a visual of the market on M5 TF and tells me exactly where I am entering on THV entry signal. It gives me added confidence to trust THV on entry as is or be a little more agressive and enter before PA goes above Coral and Cloud. I am also new to THV but do recall Cobra saying to adapt THV to your own style.

I have attached a chart here to show my visual style of trading the M5 TF.

I am sharing the above not to say you need to undress and trade naked (just kidding) or use the rainbow. What I want to convey is that THV is a good and working system but you need to fit it into your style of trading not the other way around. Use THV for entry confirmation on top of your own analysis in your most comfortable TF.

Just my 2 cents worth to help and encourage a fellow THV trader whom I see is working very hard at it by offering another perspective. Hope I am not adding to your information overload.

Sorry for the long post.

Cheers,
CaveMan
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  • #5,313
  • Feb 7, 2009 9:31am Feb 7, 2009 9:31am
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  • #5,314
  • Feb 7, 2009 9:36am Feb 7, 2009 9:36am
Quoting Gofer Pips
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #5,315
  • Feb 7, 2009 9:45am Feb 7, 2009 9:45am
Quoting Gofer Pips
Thats too funny and a little bit scary.
  • #5,316
  • Feb 7, 2009 9:58am Feb 7, 2009 9:58am
Quoting Freddyfx
Sed34

My advise to you is to get yourself a trading buddy.

Then communicate on Skype and if then you cannot make profitable trades soon, you might be one of those people that are not made to trade forex.

If each and everybody would be the same as the other, it would be a dull world.

Pleasant weekend to all, if you are in the neighborhood on Saturday, drop in for a slice of cake, starting a new "trading" year
Happy Birthday Freddy. May there be many pips in your new trading year.
  • #5,317
  • Feb 7, 2009 10:35am Feb 7, 2009 10:35am
Quoting Gofer Pips
I JUST woke up; checking out the thread and I wake up to THAT. I am now emotionally scarred for the day. Thanks rodent!!!!
Pip what you see; See what you pip!
  • #5,318
  • Feb 7, 2009 10:36am Feb 7, 2009 10:36am
Gofer,

Thanks for the great laugh!! I just logged on to see what was happening on here since last night and am still laughing while writing this post.
txtaz
  • #5,319
  • Feb 7, 2009 11:12am Feb 7, 2009 11:12am
Hi all
i am back

i see that the thread grew a hundred pages since i left ... i 'll try to revise them all to cope with the new changes.

CONGRATS on the new THV v3 ... i already downloaded and tried it on my charts .. seems pretty fine .. gonna practice on it sometime this week.

thanks for you efforts guys ... and concerning the pics i took in my trip to Luxor, i 'll upload them as soon as possible on my flickr to share with you those wonderful places i ve seen.

have a great weekend all of you.
  • #5,320
  • Feb 7, 2009 11:16am Feb 7, 2009 11:16am
Quoting mentos
Hi all
i am back
Welcome back! Hope you had a great time!
txtaz
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