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THV system, final edition

  • #5,861
  • Feb 13, 2009 4:13am Feb 13, 2009 4:13am
Quoting SpecialEd

It is dangerous to be trading, particularly for a big catch. PA has been in a tight range, and even though the THV set-up looks good, it hasn't been yielding much. Just have to wait for the break-out. Watch your charts closey and be patience.

My two cents. Back to watching.

Thank You For Your Time Wish You A Good Trading Day

Regards,
Trading methods are designed to put the odds in our favor, not predicting.
  • #5,862
  • Feb 13, 2009 4:13am Feb 13, 2009 4:13am
I figured out that the THV Trix v.4.01 reacts similar to EMA 3 and 18.

Does it depends on this two ema?
  • #5,863
  • Feb 13, 2009 4:14am Feb 13, 2009 4:14am
Quoting cashmeer

Can you post your trade? Then we can comment.
It's There ... I'll Be Glad To Hear Your Opinion !

Regards,
Trading methods are designed to put the odds in our favor, not predicting.
  • #5,864
  • Feb 13, 2009 4:32am Feb 13, 2009 4:32am
[quote=Basber;2537099[/QUOTE]

Hey Basber:

First let me say, it's easy to critique a trade after the fact, so I am sorry about that...

I added some things to your chart...

1.) Going long right below a major resistance line like R1 very risky. If you wanted to go long, you should have waited for R1 to get broken... you can see earlier PA did not reach R1...

2.) There was a trend line which I drew in red on the PA in the 5 Min and also a trendline in the trix that wasn't broken...

3.) Most importantly, in the 1 min I drew the Regular Bearish Divergnce that occured the moment you entered the trade...

What are your thoughts?
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Deprive a man of everything and you give him nothing to lose.
  • #5,865
  • Feb 13, 2009 4:55am Feb 13, 2009 4:55am
This is what I was thinking, maybe y'all have other thoughts...

The trendline on the trix is pretty tight... and the 5 min is tightening down...

It maybe close to the breakout that was referred to earlier...
Attached Image (click to enlarge)
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Deprive a man of everything and you give him nothing to lose.
  • #5,866
  • Feb 13, 2009 5:02am Feb 13, 2009 5:02am
Guys, today £/$ is doing good, EU is ranging.
  • #5,867
  • Feb 13, 2009 5:04am Feb 13, 2009 5:04am
Hello cobraforex

Where can I get your indicator Ichimoku Kinko Hyo on your template ?

Thank you
  • #5,868
  • Feb 13, 2009 5:14am Feb 13, 2009 5:14am
Trendlines in the 1 min are extremely useful in both the PA and on trix...

Let's see if the horizontal level of support holds in the 5 min...
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Deprive a man of everything and you give him nothing to lose.
  • #5,869
  • Feb 13, 2009 5:20am Feb 13, 2009 5:20am
Quoting Thierry89
Hello cobraforex

Where can I get your indicator Ichimoku Kinko Hyo on your template ?

Thank you
Check first page, post #1
  • #5,870
  • Feb 13, 2009 6:36am Feb 13, 2009 6:36am
Quoting cashmeer
Hey Basber:

1.) Going long right below a major resistance line like R1 very risky. If you wanted to go long, you should have waited for R1 to get broken... you can see earlier PA did not reach R1...

2.) There was a trend line which I drew in red on the PA in the 5 Min and also a trendline in the trix that wasn't broken...

3.) Most importantly, in the 1 min I drew the Regular Bearish Divergnce that occured the moment you entered the trade...
Very Useful Tips ... Thank You For Your Time & Support

Regards,
Trading methods are designed to put the odds in our favor, not predicting.
  • #5,871
  • Feb 13, 2009 7:06am Feb 13, 2009 7:06am
Quoting Thierry89
Hello cobraforex

Where can I get your indicator Ichimoku Kinko Hyo on your template ?

Thank you
Ichimoku Kinko Hyo is the standard indicator from MT4.
You will find it under "Oscillators".
  • #5,872
  • Feb 13, 2009 7:56am Feb 13, 2009 7:56am
Here were two quick sclaps for atleast 10 pips each...

The first:

1.) 15 trix turned green. Look to 5 min for upward movement.
2.) 5 Min break of trix trendline, trix cross and break of FPV.
3.) 1 min after 2nd retest of FPV and break of resistance 10 pips upwards..


The Second.

1.) In the 1 min, clearly regular bearish divergence was approaching after the 1st scalp upwards...10 pips downwards...
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Deprive a man of everything and you give him nothing to lose.
  • #5,873
  • Feb 13, 2009 7:58am Feb 13, 2009 7:58am
Quoting SpecialEd
Good morning THV'ers....
Good to see you around Ed. I lost half my week due to power outage and snow. It's snowing again today so I don't know if I can get a trade in. I also don't know how often I can check the thread. Sure is pretty here! Trade careful all, it's Friday.
  • #5,874
  • Feb 13, 2009 8:27am Feb 13, 2009 8:27am
Quoting TradeWell
Good to see you around Ed. I lost half my week due to power outage and snow. It's snowing again today so I don't know if I can get a trade in. I also don't know how often I can check the thread. Sure is pretty here! Trade careful all, it's Friday.
Sorry dude, in my country snow is just a theory, in fact i have never seen snow, i have always wondered how it tastes
  • #5,875
  • Feb 13, 2009 8:32am Feb 13, 2009 8:32am
Quoting TradeWell
Good to see you around Ed. I lost half my week due to power outage and snow. It's snowing again today so I don't know if I can get a trade in. I also don't know how often I can check the thread. Sure is pretty here! Trade careful all, it's Friday.
Hi Tradewell my good friend! Yeah, I've been lurking a bit, trying to keep up with the postings quietly while bailing myself out of hot water (yet again). I had a private talk with the master - Cobra. He helped me a lot, with just a few tips. This was a pretty good week.

Off to another swim meet (high school regionals). You guys have a nice weekend. Glad you got on for a bit Tradewell. Sorry you've been missing all the trading.
Up or down, gimme a ticket
  • #5,876
  • Feb 13, 2009 8:32am Feb 13, 2009 8:32am
Really nice system today thanks for sharing your charts

Regards
{Promotion Removed}
  • #5,877
  • Feb 13, 2009 8:33am Feb 13, 2009 8:33am
Quoting Mr Green
Sorry dude, in my country snow is just a theory, in fact i have never seen snow, i have always wondered how it tastes
It's Kenya, right? You'd LOVE snow cream.
Up or down, gimme a ticket
  • #5,878
  • Feb 13, 2009 8:34am Feb 13, 2009 8:34am
Quoting Mr Green
Sorry dude, in my country snow is just a theory, in fact i have never seen snow, i have always wondered how it tastes
It's OK, it is only occasional here, except this year it snowed many times. We enjoy it. It tastes like very light ice shavings, pure and clean.
  • #5,879
  • Feb 13, 2009 8:50am Feb 13, 2009 8:50am
Quoting doblece
Ichimoku Kinko Hyo is the standard indicator from MT4.
You will find it under "Oscillators".
Hi Dear Doblece

Wishing you well always and in good health and abundance of pips and being guided always.........
Loving Life.............
  • #5,880
  • Feb 13, 2009 9:04am Feb 13, 2009 9:04am
Basber......

I would like to offer a comment or two about your losing trade: The Coral line on the 5M chart was red, so your trade was against the trend. Look at the overall trend on this chart when you entered; again, it's DOWN. Your trade was 'counter-trend', risky! If you are new to this method, I suggest you be conservative and follow the rules for the safest trades as explained in the pdf instructions. This setup could have been a 'high-risk' small scalp trade if you had entered when both Trix lines turned green just after the green Divergence arrow and the price emerged from the 'cloud'. High risk, but good for 5-10 pips on a 'fast scalp'. But there are much better ways to use this method for manual trading; and there are very good people here in this thread to help you!

I'm here because I read about this thread at the FXAW Forum. Good things here and some great indicators I am using as well! Keep up the good work everybody; it's nice to see a thread here at FF that hasn't turned into a vehicle for promoting someone's commercial venture........

Quoting Basber
Hey;

I Just Lost 15 Pips On This Trade , I Think The Rule Were Met And There Was No TL Or HL Or Pivot , I Thought It Should Go Up Till R1 , But After I Go Long , It Went Down (After Going Up A Few Pips) And Hit My SL.

Is There Anything That I Do Wrong Or It's Just Bad Luck ?!!

Looking Forward To Your Support

Regards,
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