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THV system, final edition

  • #6,081
  • Feb 16, 2009 8:55am Feb 16, 2009 8:55am
Quoting tsquad
There are some traders who suggest not trading on Monday's and Friday's as the markets are much more likely to be range bound (a prior observation) and tend to whipsaw more. Another added factor to this range bound situation is that it is a holiday in the US. - no commercial trading

All in all - before taking a trade today - you probably will want to make sure you have as many factors in your favor as possible.

Hope this helps


T...
Thank You For Your Comment. It Helped Me A Lot. Really Appreciate It !

Regards,
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,082
  • Feb 16, 2009 9:00am Feb 16, 2009 9:00am
To the Very Generous THV Team,

First of all thank you all for creating and releasing the THV method, and also the simulator trading thread you created (which was uneblievable as I can now trade and practice almost for real even when markets are closed! That's like discovering a chest full of gold...if you were a pirate!).

I have a question. I'm in the process of learning your method now to see what it can add to my system (I seem to be on a never ending quest to improve my methods, even when they are working....don't know if thats typical for traders or not), but basically this is the question

Do you use the THV as essentially a 'template', and then simply trade a couple of set-ups that you know work with it. What I have now is a template I created with few indicators, but I trade 3 set-ups on that template (nr4/7 and a trend following method (which is where THV came in super handy!). I just use the different indicators on it to confirm the set-ups or disconfirm them when they appear.

I noticed THV is quite a versatile template, Do you guys use the THV in a similar way (ie the rules outlined at the beginning are just a basic guideline and can be tweaked to suit specific set-ups). Or are you literally just sticking to the rules outlined at the start of the thread?


As always, thank you ,

Nick
  • #6,083
  • Edited 9:20am Feb 16, 2009 9:05am | Edited 9:20am
Quoting BeachBum
If swimming in a river, would you prefer to swim against the current or with the current?

Trend, trend, trend...............look at a Daily chart!

Hi;

Thank You For Reminding Me !!! I Must Confess That I Write On A Piece Of Paper The OverAll Bias Of The Day And Stick It On My Monitor, And Today's Bias Was Down , So I Write "Short" So I Will Only Get In With Short Trades , But After The Divergence , I Thought It's Going To Fill The Gap , So I Disobey My Own Rules And ..... !!

Regards,
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,084
  • Feb 16, 2009 9:29am Feb 16, 2009 9:29am
Quoting cashmeer
Maybe lucky:

Considerations:

1.) 5 min green trix and signifigant trend line break...PA was not wanting to hit 1.2750

2.) 1 min Break of trix trendline, break of minor trendline and major trendline, with clear THV setup.
Hi;
I Just Wanted To Know If There Is Any Different Between This Trade And The Trade I Postet Earlier (Post #6049) ? I Want To Know There If There Is SomeThing In This Trade That I Should Mentioned Or It's Just Luck (That I Think I Don't Have Any On Trading !!).

Cashmeer I'll Be Glad If You Yourself Compare These Two Situations ...
Thank You Very Much !

Regards,
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,085
  • Feb 16, 2009 9:32am Feb 16, 2009 9:32am
Quoting cashmeer
SpecialEd:

It's really great to see you back in the thread...we missed ya' !
Thank you Cashmeer. You've been holding down the fort just splendidly. I'm still working issues, plus it's championship season for my daughter's swimming so I'm in and out. Hope to be back fulltime soon.

Best to you.
Up or down, gimme a ticket
  • #6,086
  • Feb 16, 2009 9:42am Feb 16, 2009 9:42am
Quoting Basber
Or It's Just Luck (That I Think I Don't Have Any On Trading !!).
Basber:

Maybe there is a bit of luck involved

I need to find that trade on the charts...my eyes are going crossed for some reason...I will respond....But Basber, the first thing that i noticed is that there are no trendlines on your charts...none...you need to use trendlines to see the entry points...it's not possible, in my humble opinion, to trade this system or most systems with out trendlines...

If you look in the past at the posts by scrutch, nuancom, seereye, cobra and the rest of the THV team, they all have trendlines included in them...

SpecialEd just made a comment about ranging markets and trading, pointing out that breakouts can catch some pips here and there...


what are yout thoughts....




anyhow...I need to run out with my wife to buy some stuff...my chauffeuring duty has started...

Will respond soon.


ADD:

Wait a second...just looking at your post again...maybe there are some trendlines in there, I cannot tell if they are trendlines or the divergence lines....maybe there aren't enough trendlines...LOL... if you are fanatical about T/Ls, I apologize....
Deprive a man of everything and you give him nothing to lose.
  • #6,087
  • Feb 16, 2009 9:53am Feb 16, 2009 9:53am
Quoting cashmeer
I need to find that trade on the charts...my eyes are going crossed for some reason...I will respond....But Basber, the first thing that i noticed is that there are no trendlines on your charts...none...you need to use trendlines to see the entry points...it's not possible, in my humble opinion, to trade this system or most systems with out trendlines...

Will respond soon.
Hi;
I Have Some Trend Lines On The Picture That I Sent , Other Ones On The Other Monitor , I Have 8 Chart For E/U , And I Didn't Sent All Of Them , If You Look At The Picture That I Sent , You See That In Short Time , Trend Was Bullish (M1, M5) And In M15 , It Was Ranging , So I Thought It Will Go Up ( Like Your Chart ) , But The Long Term Trend (H1 And Upper) Was Bearish ...

P.S. Thank You For You Time

Regards,
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,088
  • Feb 16, 2009 10:53am Feb 16, 2009 10:53am
Thanks for the spreadsheet, SpecialEd!

Can you modify it to work with 5-digit broker?

Thanks!

Quoting SpecialEd
Tuckee, we usually say you don't want to risk more than 3-5% of your account value in open trades. Therefore, I calculate yours, with a 25-PIP stop loss, to be .02, or $.20 per lot, believe it or not.

I have attached a spreadsheet you can use to calculate lot sizes based on whichever parameters you want to set, depending on your own risk appetite. If you are a new trader, be extremely careful though.
  • #6,089
  • Feb 16, 2009 10:59am Feb 16, 2009 10:59am
Quoting EATrader
Thanks for the spreadsheet, SpecialEd!

Can you modify it to work with 5-digit broker?

Thanks!
Tuckee, it is a simple spreadsheet. I had the one cell as 6 digits (5 to right of decimal) by mistake. Have reformated that cell. Am re=attaching. If you need more help, or if I misunderstood your request, let me know.

Good luck.
Attached File(s)
File Type: xls OrderSizeCalculator.xls   24 KB | 539 downloads
Up or down, gimme a ticket
  • #6,090
  • Feb 16, 2009 11:31am Feb 16, 2009 11:31am
Today was a bit choppy but good for scalping.

The gap didn’t get closed till now but I chickened out my E/U position on 61.8 Fib of Friday close to today’s low of 1.2725 because NY is in holiday and I don’t await mayor activity now.

My E/Y gap trade was hit SL, well, that happens but I could realize some good scalp trades.

Best would have been to stay aside on day trades today.
  • #6,091
  • Feb 16, 2009 11:38am Feb 16, 2009 11:38am
Quoting cobraforex
Best would have been to stay aside on day trades today.
I knew that but I tried anyway. I lost 6 pips, probably not more because PA was too dead.
  • #6,092
  • Feb 16, 2009 11:40am Feb 16, 2009 11:40am
Quoting Basber
I Don't Think THV Is Reliable On Range Bound Market ... Any Opinion ?
And E/U Is Really Ranging Today !!! Price Crossed 60LWMA (On M5) About 15-20 Times !!!

Regards,
A clear sign of choppy market condition and unless you aren't extreme scalping it's better to sit on the hands.
  • #6,093
  • Feb 16, 2009 12:35pm Feb 16, 2009 12:35pm
If anyone has a couple of min to talk via phone, I need a few min to make sure I am set up on the chart proper. Have downloaded and ready for a little explanation of a couple of things. 704-657-3201 US or email and I can call you when available. Skype is gotell1

Thanks,

Claude
  • #6,094
  • Edited 1:13pm Feb 16, 2009 12:53pm | Edited 1:13pm
Quoting tg25000
If anyone has a couple of min to talk via phone, I need a few min to make sure I am set up on the chart proper. Have downloaded and ready for a little explanation of a couple of things. 704-657-3201 US or email and I can call you when available. Skype is gotell1

Thanks,

Claude
At your service !!
Deprive a man of everything and you give him nothing to lose.
  • #6,095
  • Feb 16, 2009 1:01pm Feb 16, 2009 1:01pm
Quoting cashmeer
We charge $5.00 for the first min and $3.99 each additional minute, minimum 10 min conversation.

You're the first person I have seen with a telephone number in a thread...
Google indexes these pages quite well so it will appear on more than just the thread.
  • #6,096
  • Feb 16, 2009 1:12pm Feb 16, 2009 1:12pm
Quoting TradeWell
Google indexes these pages quite well so it will appear on more than just the thread.
oooops....let me delete that....!!!??? Delete my quote.....TW, are you upset with what I wrote??? I was kidding...I thoght the emoticon of me on the floor laughing was a good indication that I was joking....
Deprive a man of everything and you give him nothing to lose.
  • #6,097
  • Feb 16, 2009 1:18pm Feb 16, 2009 1:18pm
Quoting tg25000
If anyone has a couple of min to talk via phone, I need a few min to make sure I am set up on the chart proper. Have downloaded and ready for a little explanation of a couple of things. 704-657-3201 US or email and I can call you when available. Skype is gotell1

Thanks,

Claude
Sorry Claude

The team can’t attend individually calling or chating.

Imagine that more than 63.000 traders downloaded in the last 17 days (since I updated it) the THV V3 file, see first page.

We would need to hire various well prepared staffs to offer that service.
  • #6,098
  • Feb 16, 2009 1:21pm Feb 16, 2009 1:21pm
Quoting cashmeer
I was kidding...I thoght the emoticon of me on the floor laughing was a good indication that I was joking....
No problem Cashmeer, was clear enough that it was a joke.
  • #6,099
  • Feb 16, 2009 1:23pm Feb 16, 2009 1:23pm
Quoting cashmeer
oooops....let me delete that....!!!??? Delete my quote.....TW, are you upset with what I wrote??? I was kidding...I thoght the emoticon of me on the floor laughing was a good indication that I was joking....
Am I upset?

Just kidding. I was passing that information along. You are funny as usual. No worries.
  • #6,100
  • Feb 16, 2009 1:34pm Feb 16, 2009 1:34pm
I've already sold his phone number, email address and Skype name to 15 telemarketing companies..............


Quoting tg25000
If anyone has a couple of min to talk via phone, I need a few min to make sure I am set up on the chart proper. Have downloaded and ready for a little explanation of a couple of things. 704-657-3201 US or email and I can call you when available. Skype is gotell1

Thanks,

Claude
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