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THV system, final edition

  • #6,741
  • Feb 25, 2009 9:22am Feb 25, 2009 9:22am
hello everybody

I'm beginning to learn to use this system now. A problem that worries me is how to set the target profit and SL.

Can someone teach me or give some hit to help me solve this problem. Thx a lot !

For example, I got in a trade[E/U 5m TF] at number 1 because Trix cross and out at number 2 because fast Trix changed color, but as you can see at the arrow, price got down again.

Attached Image
  • #6,742
  • Feb 25, 2009 9:27am Feb 25, 2009 9:27am
now,i know when and where to execute my trade.but i do not know where and when to out,can you tell me?thanks
  • #6,743
  • Feb 25, 2009 9:28am Feb 25, 2009 9:28am
Quoting Wakayama
hello everybody

I'm beginning to learn to use this system now. A problem that worries me is how to set the target profit and SL.

Can someone teach me or give some hit to help me solve this problem. Thx
a lot !

I got in a trade at number 1 because Trix cross and out at number 2 because fast Trix changed color, but as you can see at the arrow, price got down again.

Attachment
me too!
  • #6,744
  • Feb 25, 2009 9:32am Feb 25, 2009 9:32am
Quoting bhcgn
now,i know when and where to execute my trade.but i do not know where and when to out,can you tell me?thanks


shake hands
  • #6,745
  • Feb 25, 2009 9:35am Feb 25, 2009 9:35am
Quoting Wakayama
A problem that worries me is how to set the target profit and SL.
The recommended SL should be shown on the upper-left corner of your screen.

You took profit one possible way. Another way is to wait for the "Analyze Exit" signal. Yet another is to take partial profit, say half (then bring SL to BE), then wait to see what happens with the rest.
  • #6,746
  • Feb 25, 2009 9:41am Feb 25, 2009 9:41am
Mornin' THVer's; -

As I'm perusing through my charts after that last nice down move (38 pips in the basket) I'm 'seeing' the 'potential' for a regular bull divergence setting up on the 15 min. We are also at a 30 min fib level, playing just under a 4 hr fib level and the mojo feels to be waning (retrace or reload??? - mmm). That potential 15 min Bull Divergence is got my attention however!

just my 2 cents

oh and we're sitting right at S1 at the moment -

then again - the DOW gets in the way and e/u is tailing the DOW -
Pip what you see; See what you pip!
  • #6,747
  • Feb 25, 2009 10:01am Feb 25, 2009 10:01am
Quoting SeerEye
.. I'm 'seeing' the 'potential' for a regular bull divergence setting up on the 15 min. ...
I think that divergence is dead now. However, there seems to be a loose correlation with the stock market, which bears watching.
  • #6,748
  • Feb 25, 2009 10:02am Feb 25, 2009 10:02am
Good morning,

Here is an example of a trade this morning using the direction of the ichimoku on the hourly, (2,3,5 - you will need to change the default if you're using the MTF version) in combination with THV3 on 15 min.

You will notice there are two well defined trades, both south, one while I was sleeping, the other I took at 123.88. I bailed at 123.21.

Fibs help....and patience. If you were watching price action this morning (PST) you would have noticed the bounce north as it reached the fib at 123.76. That is a daily fib from the last major retracement.

I know many, if not most people are using smaller tfs. I post this since there seems interest in using the mtf ichimoku. I have not tried this approach on lower timeframes.

Off to work...good trading, all.

Regards
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  • #6,749
  • Feb 25, 2009 10:11am Feb 25, 2009 10:11am
Quoting sundowner
Good morning,

Here is an example of a trade this morning using the direction of the ichimoku on the hourly, (2,3,5 - you will need to change the default if you're using the MTF version) in combination with THV3 on 15 min.

You will notice there are two well defined trades, both south, one while I was sleeping, the other I took at 123.88. I bailed at 123.21.

Fibs help....and patience. If you were watching price action this morning (PST) you would have noticed the bounce north as it reached the fib at 123.76. That is a daily fib from the last...
hello,which Indicator can show "swing" line on your pic?
  • #6,750
  • Feb 25, 2009 10:16am Feb 25, 2009 10:16am
Quoting TradeWell
I think that divergence is dead now. However, there seems to be a loose correlation with the stock market, which bears watching.
Yup - Divergence is dead - good thing, I was just 'looking' and did not anticipate. Though, I might argue (just a skoch) that the correlation is a little more than just 'loose.'
Pip what you see; See what you pip!
  • #6,751
  • Feb 25, 2009 10:22am Feb 25, 2009 10:22am
As soon as I do an exit on my EU long scalp I'm heading out to get me one of them extra choclate mocha's. Haven't been participating in the thread, it's about to get away from me, several pages to catch up on when I log in here. Looks like the thread is on a roll, along with those elusive pips...
Cheers
PnS...Sheeeezzzz, scalp is turning into a long winded thing, all that's needed now is for the m15 trix to show green...but pehaps I'll be out by the time it does.?.?
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Listen to the whispers.... You may learn something
  • #6,752
  • Feb 25, 2009 10:24am Feb 25, 2009 10:24am
Quoting SeerEye
Mornin' THVer's; -

As I'm perusing through my charts after that last nice down move
Late afternoon here ... which pair? E/J ?
  • #6,753
  • Feb 25, 2009 10:42am Feb 25, 2009 10:42am
Guys it is fantastic system you have developed here. I have tested it today since I only now run into it. I have ecountered today two times that the fast TRIX repaints 2 bars to past. is it usual or ar those only few example?

Kristjan
  • #6,754
  • Feb 25, 2009 10:44am Feb 25, 2009 10:44am
Seereye, "Just a skoch" That's the first time I've seen that in print. Your native dialect must be Appalachian/Ozark. Thanks for your contributions to this system, and thanks to many others, also. I've been through many systems, this is the easiest to understand and use that I've found. After a month or so of demoing I hope to go live. I'm now in a long on the USD/JPY from 97.04, PA dropped into cloud after doji, I'm out at 97.36 for 32 pips. Was hoping for TP at R2 but didn't happen. I learn something new every day.
  • #6,755
  • Feb 25, 2009 10:46am Feb 25, 2009 10:46am
Quoting macman
Late afternoon here ... which pair? E/J ?
e/u; it's long dead -
Pip what you see; See what you pip!
  • #6,756
  • Feb 25, 2009 10:53am Feb 25, 2009 10:53am
Quoting Delage
Seereye, "Just a skoch" That's the first time I've seen that in print. Your native dialect must be Appalachian/Ozark. .
Nope; WASP and it's just a cool word; I like it!
though, the bull divergence never came to fruition; an extremely nice bounce off the 1 hour fib 61.8% line. Picked another 34 pips for the basket today.

Attached Image (click to enlarge)
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Of course, the slow and fast trix on the 5 min had changed color to green; the fast trix crossed the slow; and PA on 1 min was above the cloud; though not on the 5 had it crossed yet (higher risk trade - not for the faint of heart).
All in all: not a bad morning
Pip what you see; See what you pip!
  • #6,757
  • Feb 25, 2009 10:55am Feb 25, 2009 10:55am
Quoting kristjantelve
Guys it is fantastic system you have developed here. I have tested it today since I only now run into it. I have ecountered today two times that the fast TRIX repaints 2 bars to past. is it usual or ar those only few example?

Kristjan
Hello Kristjan:

I have not noticed the trix repainting...let's see what Cobra or Doblece have to say...

ADD: Forgot to say "hello" to everyone else...

Hello!
Deprive a man of everything and you give him nothing to lose.
  • #6,758
  • Feb 25, 2009 11:02am Feb 25, 2009 11:02am
Quoting cashmeer
ADD: Forgot to say "hello" to everyone else...

Hello!
o.k. people; Cashmeer is in the 'ouse - we can all start trading now!!!!!
Pip what you see; See what you pip!
  • #6,759
  • Feb 25, 2009 11:05am Feb 25, 2009 11:05am
Quoting cashmeer
ADD: Forgot to say "hello" to everyone else...

Hello!
Hello Cash (and hello all ). Quite long time that I don't see your valuable post. How is the trade?

It seems EUR still have no decission where it should go. Up few pips and suddenly fall few pips too . I got minor loss today. First in last two weeks
Manage your risk accordingly and you're half done your home work.
  • #6,760
  • Feb 25, 2009 11:09am Feb 25, 2009 11:09am
Quoting kristjantelve
..I have ecountered today two times that the fast TRIX repaints 2 bars to past. ...
Kristjan
I have noticed that when the Trix is flat, it can oscillate between green and red with each tick. Is that what you mean?
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