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THV system, final edition

  • #5,821
  • Feb 12, 2009 5:57pm Feb 12, 2009 5:57pm
Quoting sundowner
Greetings,

I thought I'd post this trade from this morning that resulted in a 25 pip loss. I thought I was being clever getting in after the high of the previous red candle was broken. (entry green arrow)

At the time it looked pretty good, trix crossed, both green, etc. so if anyone would care to comment, I'd like to hear what you have to say.

Thanks

Regards
My 2 Cents:-

If you look at the previous candles, there is no clear trend there. It has been going up an down in a range, probably deciding to take a direction. Also the trend indicator is showing that the trend is flat. I think other than that, every thing was looking fine.

Thanks
  • #5,822
  • Edited 6:16pm Feb 12, 2009 6:03pm | Edited 6:16pm
Quoting sundowner
Greetings,

I thought I'd post this trade from this morning that resulted in a 25 pip loss. I thought I was being clever getting in after the high of the previous red candle was broken. (entry green arrow)

At the time it looked pretty good, trix crossed, both green, etc. so if anyone would care to comment, I'd like to hear what you have to say.

Thanks


Regards
You didn't take in account the previous highs that haven't been broken and act as a resistance.


Here I marked the points on your own chart

In a real break the candle should close above the resistance and even better if the resistance get retested.

Other observation, the PA was very closed to the Psych level 00
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  • #5,823
  • Feb 12, 2009 6:13pm Feb 12, 2009 6:13pm
I don't run windows. I have a friend over that is trying to install THV on vista. Anyone willing to give tech support please PM me. Thanks
  • #5,824
  • Feb 12, 2009 6:18pm Feb 12, 2009 6:18pm
Quoting todder
Hey Cobra, thanks for your hard work. Man you should see your system on the CRB. Awesome!
What's CRB, please.

Thanks
  • #5,825
  • Feb 12, 2009 6:21pm Feb 12, 2009 6:21pm
I don't think it matters what version of windows... I have it installed on Vista fine. As long as MT4 is loaded and works, it should be fine.

Quoting knuckledrag
I don't run windows. I have a friend over that is trying to install THV on vista. Anyone willing to give tech support please PM me. Thanks
  • #5,826
  • Feb 12, 2009 6:23pm Feb 12, 2009 6:23pm
Quoting TradeWell
... then you could help US!

I doubt it... gotta learn to walk first before runnin "wid da big dogs".
FUBAR...
  • #5,827
  • Feb 12, 2009 6:23pm Feb 12, 2009 6:23pm
Quoting Pardy
What's CRB, please.

Thanks
Good question... You learn something new everyday.

"While not yet anywhere near as popular as the headline stock indexes, the CRB Commodities Index is the most widely followed index today that acts as a proxy for this general commodities bull. If a trader is in a hurry and doesn’t have time to check gold, and silver, and platinum, and copper, and nickel, and oil, and natural gas, and whatever else, then he can take a quick look at the CRB to see if commodities are generally strong or weak."

'
There are several critically important attributes of the CRB that are well known to veteran commodities investors that newcomers to this realm really ought to be aware of. The CRB index, now in its 10th major revision since it was launched in 1957, is comprised of 19 key commodities. These commodities are not equally weighted, either individually or by sector, and are arithmetically averaged and rebalanced monthly.

The CRB’s 4 energy components, which are crude oil, heating oil, unleaded gasoline, and natural gas, make up the largest proportion of this index by far at 39%. Crude oil alone accounts for 23%! This large energy weighting is a double-edged sword. Since the energy sector is so strong it is great for the CRB’s performance, but if you are looking for equal exposure across commodities the CRB no longer does this.

You probably don’t want equal exposure though. I sure don’t. The greatest gains in this commodities bull by far have been in the very capital-intensive hard-to-produce commodities, like metals and energy. Metals account for 20% of the CRB’s weight and once again energy is 39%. The remaining 41% is soft commodities like wheat, coffee, sugar, and livestock. The supply/demand profiles of these soft commodities are generally suboptimal."
  • #5,828
  • Feb 12, 2009 6:25pm Feb 12, 2009 6:25pm
Quoting cobraforex
You didn't take in account the previous highs that haven't been broken and act as a resistance.


Here I marked the points on your own chart
Greetings and thanks

I think the replies are interesting and I will consider what you have all said.

Hi Cobra,

I see what you are pointing out and I read the post on the divergence that happened shortly after, but I am unclear about something.

If I am understanding you correctly, I should have waited till those resistance points had been passed before entering the trade?

The resistance you posted is crystal clear now that you've pointed it out to me.


Sorry, edited post as I missed your last statement...reading to quick..poorly really. It's clear.....Thanks

Thanks

Regards
  • #5,829
  • Feb 12, 2009 6:25pm Feb 12, 2009 6:25pm
Wrong answer! CRB, Constant range bars or commonly known as pip range bars.
  • #5,830
  • Feb 12, 2009 6:29pm Feb 12, 2009 6:29pm
Quoting Beta4x
I don't think it matters what version of windows... I have it installed on Vista fine. As long as MT4 is loaded and works, it should be fine.
He can't download and unzip the file. I downloaded it and transferred it to his computer, but now his MT4 freezes No offense but what the heck is the problem with windows? Or is it us?
  • #5,831
  • Feb 12, 2009 6:36pm Feb 12, 2009 6:36pm
Well, there is more than one meaning of CRB

Quoting todder
Wrong answer! CRB, Constant range bars or commonly known as pip range bars.
  • #5,832
  • Feb 12, 2009 6:41pm Feb 12, 2009 6:41pm
Quoting knuckledrag
He can't download and unzip the file. I downloaded it and transferred it to his computer, but now his MT4 freezes No offense but what the heck is the problem with windows? Or is it us?
Knuckle, update the MT4 to the latest V220 and you will be fine.
  • #5,833
  • Feb 12, 2009 6:45pm Feb 12, 2009 6:45pm
Quoting cobraforex
Knuckle, update the MT4 to the latest V220 and you will be fine.
OK he's off looking for it. Thanks
  • #5,834
  • Feb 12, 2009 6:46pm Feb 12, 2009 6:46pm
Quoting Beta4x
Well, there is more than one meaning of CRB
Criminal Records Bureau in UK
  • #5,835
  • Feb 12, 2009 6:52pm Feb 12, 2009 6:52pm
Quoting knuckledrag
He can't download and unzip the file. I downloaded it and transferred it to his computer, but now his MT4 freezes No offense but what the heck is the problem with windows? Or is it us?
Greetings,

I'm not sure I can help, but,

I'm running VISTA Home Edition on this computer and all is well.
The computer I'm using is two months old.

I'm assuming you have the correct metatrader build that is mentioned in the manual and here in the thread.

I have had difficulty with the file ffcalc. The news reader. It has frozen my computer.

Try removing it.

Hope this helps.

Regards
  • #5,836
  • Feb 12, 2009 7:03pm Feb 12, 2009 7:03pm
Quoting cobraforex
Criminal Records Bureau in UK
Thats what first came to mind when I read CRB lol. Btw thanks Cobra for the updated Manual, it will help

Can the person who mentioned first about the Constant Range Bars share some charts as to why it looks great? and Maybe how to get these up on mt4 if thats possible? or do you need Ninjatrader for this?

Thanks
  • #5,837
  • Feb 12, 2009 7:15pm Feb 12, 2009 7:15pm
Take a look at the two charts below. I have marked the 5 min chart with a aqua line showing the HA candle I would have entered on for a long position. I then went to the 1 min chart to to time my entry.

Question. In one's opinion where and when would you have timed your entry on the 1 min chart, A or B. Again I have marked with the Aqua line the possible entry points on the HA candles. The purple line is the price I would have entered. Entry A - 1.2836 and Entry B at 1.2856.

Entry A, the fast Trix had changed to green and was above the zero line but had not crossed. Entry B, both Trix were green and had crossed. The difference is 20 pips.

Thanks in advance for your input.
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Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #5,838
  • Feb 12, 2009 7:50pm Feb 12, 2009 7:50pm
Mosquitoes hunting time ....
  • #5,839
  • Feb 12, 2009 7:55pm Feb 12, 2009 7:55pm
Quoting WilteredFire
Thats what first came to mind when I read CRB lol. Btw thanks Cobra for the updated Manual, it will help

Can the person who mentioned first about the Constant Range Bars share some charts as to why it looks great? and Maybe how to get these up on mt4 if thats possible? or do you need Ninjatrader for this?

Thanks
There's an Indicator for MT4 but I think it's not free.
  • #5,840
  • Feb 12, 2009 8:03pm Feb 12, 2009 8:03pm
Enhancement to V3 with Range Bars? That will be so cool. Think it is pretty in line with the visual concept of using HA. HA replacement?

Quoting doblece
There's an Indicator for MT4 but I think it's not free.
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