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THV system, final edition

  • #6,001
  • Feb 15, 2009 5:15pm Feb 15, 2009 5:15pm
Hi everyone,

I just took 13 pips out of this last move down. I would appreciate any comments to confirm my reasons for taking this short just in case I'm missing the point and got lucky:

1. Always look at the M5 first. Slow trix already below zero line and as soon as the fast trix closes in the red (not necessarily crosses the slow trix) look for entry on M1.

2. Entry on close at the red arrow when fast trix crossed slow trix (above or below zero line not important) and trail it down with sl immediately above the high HA candle.

Thanks a lot.

Dazzer
Attached Images
  • #6,002
  • Feb 15, 2009 5:16pm Feb 15, 2009 5:16pm
Quoting Freddyfx
Working the gap as we speak since market open on FXDD, scored so far 32 pips, so it does work, but you need to be patient and careful.
How do you trade the weekend gap?

My mt4 does not show weekend bars. Is there any source on the internet to look up the weekend bars?
  • #6,003
  • Feb 15, 2009 5:17pm Feb 15, 2009 5:17pm
Freddy, you got the 6000th post on page 400
  • #6,004
  • Feb 15, 2009 5:17pm Feb 15, 2009 5:17pm
Got it. I have a support mark out at 1.2768. Pretty close to S3 and should hold there.

Quoting cobraforex
Was a typo caveman, I corrected it in my reply
  • #6,005
  • Feb 15, 2009 5:18pm Feb 15, 2009 5:18pm
NP Caveman

I understood it already, these keyboards are too small, LOL

Already up 18 pips and trailing closely.

....and YES, Cobra mentioned it already, the S3 level was there also to warn.
  • #6,006
  • Feb 15, 2009 5:23pm Feb 15, 2009 5:23pm
I'm playing this gap too

+35 pips at the moment

now bullish divergence on 5M
  • #6,007
  • Feb 15, 2009 5:25pm Feb 15, 2009 5:25pm
Quoting Dazzer
Hi everyone,

I just took 13 pips out of this last move down.
Thanks a lot.

Dazzer
For my opinion was a little luck Dazzer.

The candle where you took the trade was glued on top of the MS3.

But you could reasoning the trade because a retest of S3 was on the plan.

Anyhow a bit risky
  • #6,008
  • Feb 15, 2009 5:29pm Feb 15, 2009 5:29pm
Quoting cobraforex
For my opinion was a little luck Dazzer.

The candle where you took the trade was glued on top of the MS3.

But you could reasoning the trade because a retest of S3 was on the plan.

Anyhow a bit risky
Ok thanks for that. If the support line was not there, would that be a correct set-up?
  • #6,009
  • Feb 15, 2009 5:37pm Feb 15, 2009 5:37pm
Quoting kerty9
How do you trade the weekend gap?

My mt4 does not show weekend bars. Is there any source on the internet to look up the weekend bars?

Forex in reality don’t gap, what we see as a gap is the difference between our brokers Friday close to Sunday open.

This difference mostly get filled, with other words the Price comes back to Friday close, but that is the case on about 80%.

Oanda don’t have gaps, here a 3H sreenshot.
Attached Image (click to enlarge)
Click to Enlarge Name: oanda.gif Size: 37 KB
  • #6,010
  • Feb 15, 2009 5:42pm Feb 15, 2009 5:42pm
Quoting Dazzer
Ok thanks for that. If the support line was not there, would that be a correct set-up?
Yes Dazzer, absolutely
  • #6,011
  • Feb 15, 2009 5:57pm Feb 15, 2009 5:57pm
Quoting cobraforex
Freddy, you got the 6000th post on page 400
uh kay - we need to do something special for Freddy - he got the 6000th. any ideas?
Pip what you see; See what you pip!
  • #6,012
  • Feb 15, 2009 6:03pm Feb 15, 2009 6:03pm
chocolate
  • #6,013
  • Feb 15, 2009 6:06pm Feb 15, 2009 6:06pm
Yep, I think he could pay a round in Bemacs Bull and Beer pub
  • #6,014
  • Feb 15, 2009 6:16pm Feb 15, 2009 6:16pm
Chocolate beer?
Pip what you see; See what you pip!
  • #6,015
  • Feb 15, 2009 6:21pm Feb 15, 2009 6:21pm
Have a dip...
Quoting Freddyfx
chocolate
Attached Image
  • #6,016
  • Feb 15, 2009 6:39pm Feb 15, 2009 6:39pm
I see A lot of Congratulations this weekend

2000 Posts from Cobra, and 6000 Posts of the THV system thread.

congrat to all of you. A lot of Keyboard time here. But it Worth it.

Nice Trading Week for all.
  • #6,017
  • Feb 15, 2009 6:44pm Feb 15, 2009 6:44pm
Quoting cobraforex
Forex in reality don’t gap, what we see as a gap is the difference between our brokers Friday close to Sunday open.

This difference mostly get filled, with other words the Price comes back to Friday close, but that is the case on about 80%.

Oanda don’t have gaps, here a 3H sreenshot.
H1 chart showing the Friday close/Sunday open gap...
Attached Image (click to enlarge)
Click to Enlarge Name: EU-Gap.jpg Size: 93 KB
Listen to the whispers.... You may learn something
  • #6,018
  • Feb 15, 2009 6:57pm Feb 15, 2009 6:57pm
Quoting Freddyfx
chocolate
Congratulations!

Just don't try to use it as a keyboard!
Attached Image
  • #6,019
  • Feb 15, 2009 7:06pm Feb 15, 2009 7:06pm
Quoting TradeWell
Congratulations!

Just don't try to use it as a keyboard!
Now that's what I call a prize! Maybe Freddy will share huh? Can I at least have the delete key?
txtaz
  • #6,020
  • Feb 15, 2009 7:09pm Feb 15, 2009 7:09pm
Quoting Scrutch
H1 chart showing the Friday close/Sunday open gap...
Hi Scrutch

may be you configurated "ignore weekend data"?

My 1 H chart doesn't show a gap
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