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THV system, final edition

  • #6,041
  • Feb 16, 2009 12:39am Feb 16, 2009 12:39am
Quoting cobraforex
BTW: the indicator on the right side is coded by Peter and I’m testing it, once we see it’s working fine we will release it.
Beautiful.
This way most of the text info will take less space...
  • #6,042
  • Feb 16, 2009 12:46am Feb 16, 2009 12:46am
Quoting SpecialEd
Hi Cobra. That's a handsome indicator. Can it be moved around?
Yes, you can move it around.
Here I use it in the left corner of the trix.

BTW: that is an extreme scalp template with different trix settings
Attached Image (click to enlarge)
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  • #6,043
  • Feb 16, 2009 12:54am Feb 16, 2009 12:54am
Quoting cobraforex
Yes, you can move it around.
Here I use it in the left corner of the trix.

BTW: that is an extreme scalp template with different trix settings
That is interesting as well. I've had mixed success with M1 scalping, but that's to be expected. As soon as I get myself out of hot water, hopefully, I may go back to that with your advice on SL (from last week's PM). For now, I'll stick to watching for trend development on M15, entry prep on M5 and permission on M1. That's the beauty of THV.

Gone to bed for a while. Good trading all.
Up or down, gimme a ticket
  • #6,044
  • Edited 1:33am Feb 16, 2009 1:33am | Edited 1:33am
for a fun little 1 min scalp. Bear divergence; break of t/l - in at 60 out when PA touched the coral at 45; was ready to cut it at S3, but then it continued down. 12 pips (after spread). Not for the faint of heart - but; it worked.
Attached Image




well; now, maybe I shoulda let it ride -
Pip what you see; See what you pip!
  • #6,045
  • Feb 16, 2009 1:39am Feb 16, 2009 1:39am
here for a snooze - filled the Sunday nite pip basket - with one on the way up - and the last one I posted - nite all
Pip what you see; See what you pip!
  • #6,046
  • Feb 16, 2009 2:59am Feb 16, 2009 2:59am
This thread grow so fast. It took me hours to read all of the post since I left it days ago. Great growth comes from great people here.

Btw do we have a regular bullish div on 15 chart? Maybe it is trying to fill the gap?

Attached Image (click to enlarge)
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Manage your risk accordingly and you're half done your home work.
  • #6,047
  • Feb 16, 2009 4:08am Feb 16, 2009 4:08am
Last 2 hours was very difficult to trade. Managed to squeeze 35pips out of the market. Don't ever remember it being so tough with London session.

Now is off to play with my 5 month old baby daughter and dinner at my in-laws. See you guys later for the London/US overlap sessions. Hope it will not be like the last 2 hours.

Trade safely. May the Pips be with all of you !
  • #6,048
  • Feb 16, 2009 4:23am Feb 16, 2009 4:23am
hey, I am new to this system and i cant deny this is a great system. I am new to this forum too =DMay I ask what do you think is the appropriate size lot for small account like mine which is around 200USD. I do know small capital has high risk but i am still a student and my currency here to US is more than triple. Btw, i have been using this system on demo with the same amount. The result was impressive. I am currently trading with 0.10 with my live account. Is it too much?Regards,Thanks
  • #6,049
  • Feb 16, 2009 4:37am Feb 16, 2009 4:37am
Hi;
I Just Had A Bad Trade And I Want Your Comments On That :
(Orange Vertical Lines Is Entry Point)

1) On M1 , Trixs Crossed And Both Was Above Zero Line & Price Crossed The Cloud And It Was Above Coral And Coral Was Green & There Was A Trend Line On Fast Trix Which Is Upward.

2) On M5 , Trixs Crossed And Both Was Above Zero Line . An Uptrend Supports The Bullish Move On The Pair . There Was Also An Uptrend On The Fast Trix. Price Crossed Cloud And Was Above Coral And Coral Was Green. And The Resistance (Gold HL) Breaks And Retest In M1.

3) On M15 , Both Trix Was Green And Above Zero Line , Price Above Cload , And Also Divergence Happens And There Was And Uptrend On The Trix.

4) Price Was Above 60LWMA.

5) DownTrend In M15, Was Broken.


These Are Reasons That I Have Doubt About This Position :

1) Price Hits MS3 ( But Was Retested By M1 After )

2) In M15 Price Had Not Been Crossed The Coral Completely.

I Don't Think That Every Single Items That We Use On This Method Should Confirm The Entry ! Because If We Wait For All Of Them To Line Up Together , There Should Be Only 1 Or 2 Trades During The Day Or Maybe SomeDays No Trade At All ! Please Help Me , Because I'm So Confused , Because PERFECT SETUPS Will Not Happen Every Day. In Samples That EveryOne Sent, There Was Few Rules Which That Person Ignores ...

P.S. My English Is Not Good !! I Hope You UnderStand Me !
I'm Really Looking Forward For Everyone That Have Any Comment On This Trade ...

Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: 5.gif Size: 84 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,050
  • Feb 16, 2009 4:39am Feb 16, 2009 4:39am
Quoting personalme

Btw do we have a regular bullish div on 15 chart? Maybe it is trying to fill the gap?

Attachment
Excellent observation, maybe a confirmation that the gap will be filled as you mentioned. Don't have charts in front of me...time to look for 5 min and 1 min entries....

good luck!
Deprive a man of everything and you give him nothing to lose.
  • #6,051
  • Feb 16, 2009 4:55am Feb 16, 2009 4:55am
Quoting tuckee
I ask what do you think is the appropriate size lot for small account like mine which is around 200USD.I am currently trading with 0.10 with my live account. Is it too much?
Hi;

Many Experience Traders Adhere To This Believe That You Should Risk 2 - 3% Of Your Account (Maximum) . Even 3% Of Your Account Is 6$ , So If You Want To Trade Eur/Usd Pair, Your Stop Loss Should Be Around 6 Pips , And It's Not An Appropriate SL. I Think You Should Trade Mini Accounts. And Also I Believe "Yes , It's Too Much."

Regards,

P.S. Here Is An Example From "BabpyPips" Site :

Here is a little illustration that will show you the difference between risking a small percentage of your capital compared to risking a higher percentage.
You can see that there is a big difference between risking 2% of your account compared to risking 10% of your account on a single trade. If you happened to go through a losing streak and lost only 19 trades in a row, you would’ve went from starting with $20,000 to having only $3,002 left if you risked 10% on each trade. You would’ve lost over 85% of your account! If you risked only 2% you would’ve still had $13,903 which is only a 30% loss of your total account.
Of course, the last thing we want to do is lose 19 trades in a row, but even if you only lost 5 trades in a row, look at the difference between risking 2% and 10%. If you risked 2% you would still have $18,447. If you risked 10% you would only have $13,122. That’s less than what you would’ve had even if you lost all 19 trades and risked only 2% of your account!
Attached Image
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,052
  • Feb 16, 2009 5:15am Feb 16, 2009 5:15am
Quoting Basber
Hi;
I Just Had A Bad Trade And I Want Your Comments On That :
(Orange Vertical Lines Is Entry Point)
Regards,
Hello Basber. I'm not good as Cashmeer or anyone else here commenting other's trade. But please allow me put my opinion on your trade since I also notice that signal also few minutes ago.

My main reason that I didn't take the trade is the price is near MS3 line. I just wait until it break before deciding new entry. But soon when it show break on 1M chart, the trix went red. My 5M chart also didn't confirm a break.

Another point for my consideration is price went high in faster acceleration than few minutes before. IMHO, faster move will follow also with fast retracement. That's why I wait a retracement before made an entry (already closed with just +10 pips).

That's only my view. Sorry if it is not a good analyse. Btw, your English is better than mine. Sorry for my bad grammar

Quote
Originally Posted by tuckee
I ask what do you think is the appropriate size lot for small account like mine which is around 200USD.I am currently trading with 0.10 with my live account. Is it too much?

Think you have to start with micro lot or even smaller (pico lot?). As Basber said, it is best if you start with 1-2% risk per trade. As a beginner just like you, I try to minimize my risk with only trade even as lower as 1% risk. I'm not chasing a profit, consistency is my main target for now.
Manage your risk accordingly and you're half done your home work.
  • #6,053
  • Feb 16, 2009 5:21am Feb 16, 2009 5:21am
Quoting personalme
Hello Basber. I'm not good as Cashmeer or anyone else here commenting other's trade. But please allow me put my opinion on your trade since I also notice that signal also few minutes ago.

My main reason that I didn't take the trade is the price is near MS3 line. I just wait until it break before deciding new entry. But soon when it show break on 1M chart, the trix went red. My 5M chart also didn't confirm a break.

Another point for my consideration is price went high in faster acceleration than few minutes before. IMHO, faster move will follow...
Thank You For Your Time For Telling Your Idea, But Wouldn't It Be So Difficult And Complicated IF We Wait For All The Signs ? (I Know It's Ideal To Wait For Every Thing To Line Up, But I Think It Happens Rarely)
Afterall Thank You For You Comment ! I'm Sure I Learn From EVERY Comment

Regards,
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,054
  • Feb 16, 2009 5:22am Feb 16, 2009 5:22am
I am new to this thread, but I have been trading for a while.

Could any one tell me what is a cloud on the THV. I didn't see it on any of the indicators.

thanks
  • #6,055
  • Feb 16, 2009 5:26am Feb 16, 2009 5:26am
Quoting Basber
Hi;

Many Experience Traders Adhere To This Believe That You Should Risk 2 - 3% Of Your Account (Maximum) . Even 3% Of Your Account Is 6$ , So If You Want To Trade Eur/Usd Pair, Your Stop Loss Should Be Around 6 Pips , And It's Not An Appropriate SL. I Think You Should Trade Mini Accounts. And Also I Believe "Yes , It's Too Much."

Regards,

P.S. Here Is An Example From "BabpyPips" Site :

[i][color=navy]Here is a little illustration that will show you the difference between risking a small percentage of your capital compared to risking...
yeah i am trading with mini account. yeah i'll take note, 2-3 % of my account. =]
  • #6,056
  • Feb 16, 2009 5:35am Feb 16, 2009 5:35am
Quoting lyvlyfe
Could any one tell me what is a cloud on the THV. I didn't see it on any of the indicators.
Hi;
It's The Cloud Of "Ichimoku Kinko Hyo" Indicator With Different Setting From Default Properties. It's The Blue Cloud Thing Which Drew Around The HA Candle And Price. (Except Pivot Line , It's The Only Blue Item On My Screen Which I Send Earlier (Post #6049)).

P.S. I Hope I Understood Your Question Well !

Regards,
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,057
  • Feb 16, 2009 5:39am Feb 16, 2009 5:39am
Quoting Basber
Thank You For Your Time For Telling Your Idea, But Wouldn't It Be So Difficult And Complicated IF We Wait For All The Signs ? (I Know It's Ideal To Wait For Every Thing To Line Up, But I Think It Happens Rarely)
Afterall Thank You For You Comment ! I'm Sure I Learn From EVERY Comment

Regards,
You're welcome.

Yup it is hard to wait for all the signs. Today my +10 pips should be +20 pips if I waited my 1M trix in a right signal.

But it is one of the biggest part in trading forex: patience. I'm not perfect in patience and also discipline (still learn from the elders), but the market pays us to be discipline and patience.

I'm sure along with our screen time is added, we will understand price action better and begin to make better pips.
Manage your risk accordingly and you're half done your home work.
  • #6,058
  • Feb 16, 2009 5:41am Feb 16, 2009 5:41am
lyvlyfe, the 'cloud' is part of the THV 3 template.
Hej.
  • #6,059
  • Feb 16, 2009 5:46am Feb 16, 2009 5:46am
Quoting Basber
Hi;
It's The Cloud Of "Ichimoku Kinko Hyo" Indicator With Different Setting From Default Properties. It's The Blue Cloud Thing Which Drew Around The HA Candle And Price. (Except Pivot Line , It's The Only Blue Item On My Screen Which I Send Earlier (Post #6049)).

P.S. I Hope I Understood Your Question Well !

Regards,

OK I think I see what you are talking about. I just have to change the colors to blue? Which numbers did you change to blue? Was it only 2, 5, and 6 or all of them?
Thanks for the fast reply!!
  • #6,060
  • Feb 16, 2009 5:48am Feb 16, 2009 5:48am
Quoting personalme
Yup it is hard to wait for all the signs. Today my +10 pips should be +20 pips if I waited my 1M trix in a right signal.

But it is one of the biggest part in trading forex: patience. I'm not perfect in patience and also discipline (still learn from the elders), but the market pays us to be discipline and patience.
I Don't Have Problem With Patience , But I Don't See Even 2 Trades Per Day That Includes All Confirmations. Even In Some Profitable Trades Which Have Been Sent On This Threat Since The beginning, There Was Some Ignorance For Some Signs ... I'm Only Curious About This , I'm Not Questioning The Method Or Any Good Trades , But I Want To Understand What Is MY Problem !! Because I Watch The Screen All The Time , And Every Time That I Want To Trade , There Is A Holdback ! And I Missed Many Pips (And Also It Keeps Me Away From Many Bad Trades As Well). I Want To Know When , Which Signs Should Be Ignored!

Regards,
Trading methods are designed to put the odds in our favor, not predicting.
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