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THV system, final edition

  • #6,301
  • Feb 19, 2009 4:58am Feb 19, 2009 4:58am
I dont mean to be a pain, but I just downloaded the EA-I am new to forex and just want to know if someone can sum up for me what I am suppose to be looking for with this EA please. ( I dont want to read this entire thread) Is this just a scalping tool or can I make regular trades as well. Thanks
Look at something long enough, you will eventually get it.
  • #6,302
  • Feb 19, 2009 5:04am Feb 19, 2009 5:04am
Ithink its better to check the thread...

Regards
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  • #6,303
  • Feb 19, 2009 5:17am Feb 19, 2009 5:17am
Quoting bdedyal
Hello traderathome

Bollinger pinch seems great. Though I find using the standard BB on Metatrader does not allow me to change the deviation. Also how can I get rid of the middle band. Any help will be appreciated.

Dedyal
Use the Bands provided in the Custom Indicators, not the one in the Indicators list. The Custom Indicator Bands window has tabs. The Inputs tab allows you to customize the Period and the Deviations. My outer band is used just as this is already set. For my inner band I change the Period to 10 and the Deviation to 1.5. The Colors tab is where you remove the center line, which is a simple moving average line of the Period selected in the Inputs tab (Period of 20 = a 20sma line for the center line). To remove this line, which is line #0 in the list, click on the color box as necessary to bring up the color palette....there you re-select the color "None" which is the box across the top of the palette. This will keep the center sma bias line from being displayed. Items #1 and #2 are the upper and lower BB lines which here you can re-select other colors for, too.
  • #6,304
  • Feb 19, 2009 7:09am Feb 19, 2009 7:09am
after it finally broke through 1.2705 it stopped exactly at the level of resistance that was formerly support. It was drawn there like a magnet and the repelled...

Good place to TP...

I am wondering if that is the end of the bull run for the moment....I think there is pretty significant bearish divergence in the 5 min...I wonder if the 5 min could get to overbought again...
Attached Image (click to enlarge)
Click to Enlarge Name: thv 3 - 11.gif Size: 43 KB
Deprive a man of everything and you give him nothing to lose.
  • #6,305
  • Feb 19, 2009 7:23am Feb 19, 2009 7:23am
Quoting cashmeer
after it finally broke through 1.2705 it stopped exactly at the level of resistance that was formerly support. It was drawn there like a magnet and the repelled...

Good place to TP...

I am wondering if that is the end of the bull run for the moment....I think there is pretty significant bearish divergence in the 5 min...I wonder if the 5 min could get to overbought again...
  • #6,306
  • Feb 19, 2009 7:24am Feb 19, 2009 7:24am
Quoting traco1
I dont mean to be a pain, but I just downloaded the EA-I am new to forex and just want to know if someone can sum up for me what I am suppose to be looking for with this EA please. ( I dont want to read this entire thread) Is this just a scalping tool or can I make regular trades as well. Thanks
What ea? There is not ea for this system. Go to page 1, download all the files and read the pdf manual.
txtaz
  • #6,307
  • Feb 19, 2009 7:27am Feb 19, 2009 7:27am
Hello all,

Just a refelxion, Today I took a trade in EU , It looked grat, M15 pointing up, M5 crossed trix and green, coral below, and 1 minute gave me entry.

Then I got 14 pips, because I exited at Weekly support, the first pivot level over PA.

My refelxion is that finally, the trade was 30 to 40 pips profit.



So what to do, it worth to get your 15 PIP lost if ther is a reverse, and take the risk, or just exit as I did. I know part of the answer. Close half and wait the other half.
My problem is that Im trading, with 0.1 Lot so I cant split the trade.

Anyway I got my 15 PIPs, and +30 PIP for today. good trading day. Trending finally.

Thx

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  • #6,308
  • Feb 19, 2009 7:32am Feb 19, 2009 7:32am
The trendline of the 5 min, intersects the 23.6 fibs at almost exactly where this candle looks like it may head.

I got in after the break of the cloud because of divergnce.

Perhaps I should not have entered above 1.27000 but I brought S/l to BE


TP: At 23.6 - 13 Pips
Attached Image (click to enlarge)
Click to Enlarge Name: thv 3 - 14.gif Size: 33 KB
Deprive a man of everything and you give him nothing to lose.
  • #6,309
  • Feb 19, 2009 7:44am Feb 19, 2009 7:44am
Quoting cashmeer
after it finally broke through 1.2705 it stopped exactly at the level of resistance that was formerly support. It was drawn there like a magnet and the repelled...

Good place to TP...

I am wondering if that is the end of the bull run for the moment....I think there is pretty significant bearish divergence in the 5 min...I wonder if the 5 min could get to overbought again...
Hello THV'ers. Just stopping in and caught Cashmeer's great post. Nice call on the bearish divergence and stop of the bull run Cash. If you followed your post, you picked up about 40 PIPs on the way back down, or at least 30 if you were waiting for trix cross.

Hope to be back regularly soon guys. Got rid of my old problems but not without significant expense. Trying to get back to the basics and follow Cobra's advice better.

Have a good day guys.
Up or down, gimme a ticket
  • #6,310
  • Feb 19, 2009 7:53am Feb 19, 2009 7:53am
Good Morning all.

Potential divergence coming up on M5 and on M15.
  • #6,311
  • Feb 19, 2009 7:55am Feb 19, 2009 7:55am
Quoting SpecialEd
Hope to be back regularly soon guys. Got rid of my old problems but not without significant expense.
We missed ya' !
Deprive a man of everything and you give him nothing to lose.
  • #6,312
  • Feb 19, 2009 8:10am Feb 19, 2009 8:10am
Quoting cashmeer
We missed ya' !
Nice of you to say. I've been in a funk and can't seem to get out of it. Too much going on away from the trading desk I think.

Best to you all. Hello Tradewell.
Up or down, gimme a ticket
  • #6,313
  • Feb 19, 2009 8:31am Feb 19, 2009 8:31am
Quoting SpecialEd
Nice of you to say. I've been in a funk and can't seem to get out of it. Too much going on away from the trading desk I think.

Best to you all. Hello Tradewell.
Hi Ed. I'm not in the groove either. Making pips but not nearly as much as I used to. Markets always changing I guess.
  • #6,314
  • Feb 19, 2009 8:47am Feb 19, 2009 8:47am
does this this thing wanna go...

Instead of taking the bull break of 1 min T/Ls I keep taking the 1 min bear divergences...it's messing my head up....4 pips on a tiny reversal instead of 15 pips on the bull move?!!!

I think I'm going to walk away......and end up missing a 15 min divergence...
Deprive a man of everything and you give him nothing to lose.
  • #6,315
  • Feb 19, 2009 8:52am Feb 19, 2009 8:52am
just closed this one up ...

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  • #6,316
  • Feb 19, 2009 8:54am Feb 19, 2009 8:54am
One of you guys stopping the Euro going thro 2750?

Cobra maybe
Attached Image (click to enlarge)
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  • #6,317
  • Feb 19, 2009 9:01am Feb 19, 2009 9:01am
Quoting cfp85


what the.....??!! Is right...on the E/J !!
Deprive a man of everything and you give him nothing to lose.
  • #6,318
  • Feb 19, 2009 9:03am Feb 19, 2009 9:03am
looks like I'm a little late to the game today. Took the night off and boom.
However, I am seeing a number of critical levels here on several t/f's not least of which would be this divergence on the 15 min.
Attached Image (click to enlarge)
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Pip what you see; See what you pip!
  • #6,319
  • Feb 19, 2009 9:10am Feb 19, 2009 9:10am
Quoting SeerEye
not least of which would be this divergence on the 15 min.
I hope you took that trade...nice call...

what are people on...that went straight to 1.27000

the break of the cloud is an excellent entry tool...on the 5 min that was 40 or so pips...
Deprive a man of everything and you give him nothing to lose.
  • #6,320
  • Feb 19, 2009 9:14am Feb 19, 2009 9:14am
Quoting macman
One of you guys stopping the Euro going thro 2750?

Cobra maybe

Yeah, Cobra probably rode that fudger all the way back to R3 !!
Deprive a man of everything and you give him nothing to lose.
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