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THV system, final edition

  • #6,581
  • Feb 23, 2009 3:22am Feb 23, 2009 3:22am
Quoting personalme
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.
Remember that price moves in cycles inside cycles. From the higher timeframe (which bears stronger probabilities and a longer run) to the lower where changes occur fast and last very little.

You can gauge the "meaning" or average potential of a particular divergence depending on each timeframe, thus being able to decide your way and the risk it involves.

For example, on EUR/USD:
Daily: we've got a bullish divergence that is just barely starting (thus hasn't developed its full potential yet).
H4 reverse bearish divergence already performed and was of short duration, and is now showing a strong uptrend.
H1 is turning down but is still in an uptrend.
M30 shows some indecision, we have two opposing divergences very near one from the other, which would give the idea of a momentarily sideways market.
M15 is already well advanced in its bearish divergence development.
M5 showed a reverse bullish divergence which was weak as the bear movement took over.
M1 is flat just now.

It will all depend on which is the main timeframe that you want to trade upon. But the overall trend looks clearly defined, at the moment.
  • #6,582
  • Feb 23, 2009 3:32am Feb 23, 2009 3:32am
Quoting doblece
You can gauge the "meaning" or average potential of a particular divergence depending on each timeframe, thus being able to decide your way and the risk it involves.
Very useful post Doblece ... thanks
  • #6,583
  • Feb 23, 2009 3:35am Feb 23, 2009 3:35am
Part of another trade opened and closed.
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  • #6,584
  • Feb 23, 2009 3:56am Feb 23, 2009 3:56am
long 2930 out 2980
short 2910 out 2850

done for now,
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  • #6,585
  • Feb 23, 2009 7:49am Feb 23, 2009 7:49am
Hi Cobra,
calling from Duesseldorf but now in Cape Town,you have two MA's in the chart but I cannot find them in anyone of your Indicators, can you give us the values please.
  • #6,586
  • Feb 23, 2009 8:03am Feb 23, 2009 8:03am
Good morning everyone. Looks like you had a good London session.
  • #6,587
  • Feb 23, 2009 8:08am Feb 23, 2009 8:08am
Quoting trading801
dropping by to say hi to my old friend Cobra..

hi buddy miss u folks lots

u there cobra?
  • #6,588
  • Feb 23, 2009 9:05am Feb 23, 2009 9:05am
Trade opened and closed.
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  • #6,589
  • Feb 23, 2009 9:21am Feb 23, 2009 9:21am
Quoting traderathome
Trade opened and closed.

Traderathome, your chart was not very clear. What time frame was that chart?

Regards,
Cigarguy
Keep It Simple
  • #6,590
  • Feb 23, 2009 9:23am Feb 23, 2009 9:23am
Last part of a trade for today (I think) closed.
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  • #6,591
  • Feb 23, 2009 9:26am Feb 23, 2009 9:26am
Quoting cigarguy
Traderathome, your chart was not very clear. What time frame was that chart?

Regards,
Cigarguy
If you click on chart and expand it should be clear. It is a 1M chart.
  • #6,592
  • Feb 23, 2009 9:35am Feb 23, 2009 9:35am
Quoting traderathome
If you click on chart and expand it should be clear. It is a 1M chart.
No its not clear on my system, but thanks.

Regards,
Cigarguy
Keep It Simple
  • #6,593
  • Feb 23, 2009 9:35am Feb 23, 2009 9:35am
Quoting traderathome
Last part of a trade for today (I think) closed.
Man your trade looks like a jackpot machine to me . Do you always add multiple position in any trending market? On what conditions do you add more positions? Thanks
Manage your risk accordingly and you're half done your home work.
  • #6,594
  • Feb 23, 2009 9:46am Feb 23, 2009 9:46am
On a bigger chart later on, that run will probably look like a Head Fake! (LOL!)
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  • #6,595
  • Feb 23, 2009 9:47am Feb 23, 2009 9:47am
Quoting personalme
Man your trade looks like a jackpot machine to me . Do you always add multiple position in any trending market? On what conditions do you add more positions? Thanks
I add multiple positions when I am screwing up! LOL!
  • #6,596
  • Feb 23, 2009 9:57am Feb 23, 2009 9:57am
Hi All:

About more than an hour ago, THV signaled out both POTENTIAL positive divergences and a hidden negative divergence; such situation may create dilemma to some traders as to whether to take the long or short trade based on these divergences of opposite 'opinion'. One way of discerning which divergence was at play is simply detecting the lower highs and lower lows; which obviously is favoring the hidden negative divergence signal and a short trade is favored. Another way is to look at this pattern; i call this the 'shakeouts' pattern; pivotal 3 & 4 MUST violate pivotal 1 & 2 respectively to create the longs and shorts shakeouts. The trigger is to short on break of the trend line between pivotal 3 & 4. Same setup applies to a long scenario. Probability of success for this pattern is very high. Take care.

Have a good one
Jeff
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~*~You are only one trade away from humility~*~
  • #6,597
  • Feb 23, 2009 10:13am Feb 23, 2009 10:13am
Traderathome, in a earlier post you said that your primary BB's are the inner ones with a settings of periods 10 and deviation 1.5. In playing with your BB settings I cannot get the 1.5 setting it defaults to a deviation of 1. (maybe this is no big deal but just checking) Curious about the method in which you use the two BB's. Would you explain how you use the two BB's together or refer me to the post where you already did?

Of course, the second BB with settings of periods 20 and deviations is no problem. Your thoughts!

Regards,
Cigarguy
Keep It Simple
  • #6,598
  • Feb 23, 2009 10:18am Feb 23, 2009 10:18am
Quoting cigarguy
... I cannot get the 1.5 setting it defaults to a deviation of 1.....y
Use the "bands" indicator in the custom folder. Don't use the "Bollinger Bands" indicator in MT4's main indicator menu.
  • #6,599
  • Feb 23, 2009 10:45am Feb 23, 2009 10:45am
Quoting TradeWell
Use the "bands" indicator in the custom folder. Don't use the "Bollinger Bands" indicator in MT4's main indicator menu.

I checked out the indicators in this thread and could not find the custom folder or the BB mq.4 indicator. Would you tell me where to find it?

Thanks,
Cigarguy
Keep It Simple
  • #6,600
  • Feb 23, 2009 10:53am Feb 23, 2009 10:53am
Quoting cigarguy
I checked out the indicators in this thread and could not find the custom folder or the BB mq.4 indicator. Would you tell me where to find it?

Thanks,
Cigarguy
It is in your MT4 program. Top menu: Insert=>Indicators=>Custom=>Bands
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