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THV system, final edition

  • #6,561
  • Feb 22, 2009 9:50pm Feb 22, 2009 9:50pm
bb band getting tighter on gu so it will proberly range for some time
see you later
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  • #6,562
  • Feb 22, 2009 9:51pm Feb 22, 2009 9:51pm
Quoting traderathome
Ok, still in the range. Setup did not give breakout. Reversed, maybe for more players to add at lower price...I don't know. Need to wait for another setup.
Took advantage of spike down to add at 119.77....

Bollinger Bands and Fib. Extensions can also be used to help decide where to add to a trade, not just where to exit.

I am trading light and can afford pullbacks. Even the Daily chart looks bullish to me, not just the previously posted 4H.
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  • #6,563
  • Feb 22, 2009 9:54pm Feb 22, 2009 9:54pm
Quoting nuancom
bb band getting tighter on gu so it will proberly range for some time
see you later
hi
can u share the clock you have ?
looks good
thanks
  • #6,564
  • Feb 22, 2009 9:57pm Feb 22, 2009 9:57pm
Quoting txtaz
Cobra! Hope the weekend went well. I'm still not sure of the direction on the E/U as my charts show major support at 1.2512 and major resistance at 1.3093. That's alot of room I think for the week. Have to wait and see what happens.
Hi Txtaz

Yes the weekend was a real goal in our hotel and will be even better tomorrow and tuesday, we are still in carnaval.

That occupation doesn't get me away from trading, but as you, I'm not sure of the trading direction in this particular moment, best is to wait that the market makers take their decision but my feeling goes more to the bear side before eventual further bull moves (but as I said before I can be completely wrong)

The news on nationalizing US banks can move the market at any moment.

have a great trading week.
  • #6,565
  • Feb 22, 2009 10:01pm Feb 22, 2009 10:01pm
Quoting traderathome
Took advantage of spike down to add at 119.77....

Bollinger Bands and Fib. Extensions can also be used to help decide where to add to a trade, not just where to exit.

I am trading light and can afford pullbacks. Even the Daily chart looks bullish to me, not just the previously posted 4H.
Buyers came in at those lows....IMHO.
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  • #6,566
  • Feb 22, 2009 10:02pm Feb 22, 2009 10:02pm
Quoting ForexTrader1
since your strategy differs from the main one in this thread I really see little value in your charts.
sorry
An analysis view is a complementary approach and thus a valuable tool in any trader's toolbox.

Independently of the system we may be using to pinpoint entries and exits, we should be able to analyze things from various points of view, which will broaden our general understanding of the markets and bring about additional skills.

As Cobra said previously, traderathome is part of THV Team and his insights are highly appreciated and, under my own point of view, add further dimension to the overall picture.

I understand your concern though, and invite you to post your charts so we can discuss more properly any questions that you might have about THV3 system.
  • #6,567
  • Feb 22, 2009 10:17pm Feb 22, 2009 10:17pm
Quoting ForexTrader1
since your strategy differs from the main one in this thread I really see little value in your charts.
sorry
The THV System uses Heiken Ashi candlesticks because they better show any trending. It uses the Ichimoku kinko Hyo "cloud" to show immediate S/R zone. It uses the THV3 Coral to show the current overall PA bias. And it uses the THV3 T3 line to help identify trade entry point. And the THV System is used in scalping on the 1 and 5 minute charts.

All the above were on my chart, with the exception of the Heiken Ashi candles. I frequently switch back and forth. Even Cobra will tell you that you should also be analyzing with regular charts.

In this particular trade, though I am running it on the 1M chart, I also see greater possibilities than just a quick scalp. The 4H and the Daily look bullish to me.

I use Bollinger bands to help spot notable breakouts and also to help decide if/when to add to a trade during a move against the trade.

Hope this helps you.
  • #6,568
  • Feb 22, 2009 10:18pm Feb 22, 2009 10:18pm
Quoting hoichoi
hi
can u share the clock you have ?
looks good
thanks
nuan is offline but I share mine till he comes back. (just kidding)
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  • #6,569
  • Feb 22, 2009 10:43pm Feb 22, 2009 10:43pm
In the early asian session the E/Y was a good take after bounce back from the DP, break of the cloud and trix cross.

In that case (the bounce from DP) I don't care too much of the coral.

I didn't take it because I was still busy with other stuff but would surely trade it if I have had the chance.
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  • #6,570
  • Feb 22, 2009 10:47pm Feb 22, 2009 10:47pm
Sometimes the first run out of a BB pinch is not the REAL run. It first goes in the opposite direction. Why? Most likely due to PA manipulation by trading desks backed my mucho dinero in an attempt to add positions at more favorable price before they turn the price and pump it in the true direction.

Looking at the 5M on the EurJpy I am thinking this may be one of those times. The first run out of the BB pinch was not up, as I hoped for. But the PA action was quickly reversed by buyers.

So, this could take a while....more pullbacks and a later setup to come....and it could still go either way. But the 4H and Daily are bullish.
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  • #6,571
  • Feb 22, 2009 11:27pm Feb 22, 2009 11:27pm
Quoting traderathome
Sometimes the first run out of a BB pinch is not the REAL run. It first goes in the opposite direction. Why? Most likely due to PA manipulation by trading desks backed my mucho dinero in an attempt to add positions at more favorable price before they turn the price and pump it in the true direction.

Looking at the 5M on the EurJpy I am thinking this may be one of those times. The first run out of the BB pinch was not up, as I hoped for. But the PA action was quickly reversed by buyers.

So, this could take a while....more pullbacks and a later...
Ok, another pullback and again I added at 119.74. Again, volume picked up notably at the lows.
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  • #6,572
  • Feb 22, 2009 11:51pm Feb 22, 2009 11:51pm
Quoting traderathome
Ok, another pullback and again I added at 119.74. Again, volume picked up notably at the lows.
By the way, those pullbacks are to the 50% Fib Retracement on the last run up. Looks now like the flagpole is compete with pennant.
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  • #6,573
  • Feb 23, 2009 12:12am Feb 23, 2009 12:12am
Cobra, my link to your Divergence Charts (very nice ones for their simplicity, by the way) is locked up on my dead carcass computer. I checked your posts, but they did not go back that far to show the last one in which you provided the link.

When you have time, could you post that link again? I'd like to store in here on my wife's computer. Thanks.
  • #6,574
  • Feb 23, 2009 12:18am Feb 23, 2009 12:18am
Quoting hoichoi
hi
can u share the clock you have ?
looks good
thanks
look pm
  • #6,575
  • Feb 23, 2009 12:22am Feb 23, 2009 12:22am
Showing some BULL, again....(no pun intended)
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  • #6,576
  • Feb 23, 2009 1:08am Feb 23, 2009 1:08am
Trade closed.....
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  • #6,577
  • Feb 23, 2009 2:13am Feb 23, 2009 2:13am
Another trade opened and closed.
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  • #6,578
  • Feb 23, 2009 2:40am Feb 23, 2009 2:40am
Quoting traderathome
Cobra, my link to your Divergence Charts (very nice ones for their simplicity, by the way) is locked up on my dead carcass computer. I checked your posts, but they did not go back that far to show the last one in which you provided the link.

When you have time, could you post that link again? I'd like to store in here on my wife's computer. Thanks.
That div chart I included in the PDF manual.

BTW: here my trade from today based on 15M divergence.

filled my book already and going to relax
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  • #6,579
  • Feb 23, 2009 2:53am Feb 23, 2009 2:53am
Divergence is every where now. But they're all opposite one each other. There's no clear signal now and still waiting .

Have a nice trading week everyone.
Manage your risk accordingly and you're half done your home work.
  • #6,580
  • Feb 23, 2009 2:54am Feb 23, 2009 2:54am
Quoting traderathome
Another trade opened and closed.
that was almost exactly my pip maker

see you
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