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THV system, final edition

  • #6,901
  • Feb 26, 2009 8:24am Feb 26, 2009 8:24am
Just want to say "thank you" to the THV team. I made about 7% return this morning.
  • #6,902
  • Feb 26, 2009 8:25am Feb 26, 2009 8:25am
Quoting SpecialEd
....I can feel that we are either trying to re-establish downtrend, or we are establishing a new range (God forbid!), like maybe 2755 to 2795, which would be up from yesterday's 2695 to 2761...
I have a feeling PA will follow stock market and is now waiting for it to open.
  • #6,903
  • Feb 26, 2009 8:27am Feb 26, 2009 8:27am
Quoting Pip Chaser
Just want to say "thank you" to the THV team. I made about 7% return this morning.
Great to hear. Feel free to post your trades, winners or losers. It does help other traders learn how to use the system better.
  • #6,904
  • Feb 26, 2009 8:42am Feb 26, 2009 8:42am
Quoting TradeWell
Tools=>Options=>Email, setup your email info. For an email address, use the appropriate one for your cell phone. For example, if you are with Verizon, it would be [email protected] for a cell phone number of 9999999999. Each carrier has their own domain. The broker you use doesn't matter as the message doesn't go through them but the software on your computer and your local connection. For those of you with a non-U.S. carrier, the sender may have to pay for the message, so you may have to use an intermediary...
Thanks back to you Tradewell. That mini-trend is still trying to reverse. If we get below 2745, maybe short. Just thinking out loud, so to speak.
Up or down, gimme a ticket
  • #6,905
  • Feb 26, 2009 8:48am Feb 26, 2009 8:48am
First of all congratulations to Cobra and the THV team, very nice system you've setup here with some good people present.

1.27340 is your level to watch for short confirmation, followed by strong resistance around the 1.27030 - 1.2663 area. Only a break below 1.2663 confirms a continuation of the bearish trend

As always..just my 2 cents...
  • #6,906
  • Feb 26, 2009 8:53am Feb 26, 2009 8:53am
I left a lot of pips on the table, could you guys help me with my entry and exits and give me your line of thinking and decision making, these trades occured 2/25 on the 5min chart, using 1min chart for entry.

the red entry points i sold short, green bought.

Trade 1:
good looking setup, following the rules, good volume
Sold short @ 1.276
stopped out @ 1.2795

Trade 2:
strong trend, looking to hit pivot
sold short @ 1.2781
stop limit @ pivot to buy 1.2796

Trade 3:
volume extremely high, blew through MS1, looking to hit S1

sold @ 1.2741
bought @ 1.2723 S1 pivot.

My main question is what can help enter/exit this trade, i created a lot of work for myself, should have trusted the entry point and let it go.

What is your thought process? Trying to get better at my entry exit.

Thanks

Dr. M
Attached Image(s) (click to enlarge)
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  • #6,907
  • Feb 26, 2009 8:56am Feb 26, 2009 8:56am
Quoting Shadowfx
First of all congratulations to Cobra and the THV team, very nice system you've setup here with some good people present.

1.27340 is your level to watch for short confirmation, followed by strong resistance around the 1.27030 - 1.2663 area. Only a break below 1.2663 confirms a continuation of the bearish trend

As always..just my 2 cents...
Good post Sir. That 2734 number sounds eerily familiar from yesterday.
Up or down, gimme a ticket
  • #6,908
  • Feb 26, 2009 9:08am Feb 26, 2009 9:08am
Quoting DrMcDDC
I left a lot of pips on the table, could you guys help me with my entry and exits and give me your line of thinking and decision making.....
I can't tell from your chart but my first impression is that you did not allow enough of a stop-loss.

Quoting DrMcDDC
should have trusted the entry point and let it go. ....
I think you answered your own question. I have told myself that many times...
  • #6,909
  • Feb 26, 2009 9:13am Feb 26, 2009 9:13am
Quoting SpecialEd
Good post Sir. That 2734 number sounds eerily familiar from yesterday.

Do you mind explaining your though process/tech analysis on this, it was extremely accurate, and appreciated.

My analysis chart is showing a daily pivot @ 1.2775, 50.0 fib @ 1.2767.

Thanks, your help is appreciated.
  • #6,910
  • Feb 26, 2009 9:15am Feb 26, 2009 9:15am
Quoting DrMcDDC
Do you mind explaining your though process/tech analysis on this, it was extremely accurate, and appreciated.

My analysis chart is showing a daily pivot @ 1.2775, 50.0 fib @ 1.2767.

Thanks, your help is appreciated.
Actually, that analysis belongs to Shadowfx. I had picked 2740 area based on a fib. Not sure where he got 2734, but he was accurate with it two days in a row.
Up or down, gimme a ticket
  • #6,911
  • Feb 26, 2009 9:21am Feb 26, 2009 9:21am
I work with a combination of tools, pivots, fibs , demark & gann

1.2734 is an important mid gann line , which coincidentally is also the current weekly pivot.

Fight between the bulls & bears is in this area, hence the initial pullback you saw on the drop and the current retrace now,its your KEY level to watch

As always..just my 2 cents...
  • #6,912
  • Feb 26, 2009 11:22am Feb 26, 2009 11:22am
Quoting cobraforex
I refere to the THV Fib Pivots.

I'm doing pretty fine trading the color change of the slow Trix once that the locomotive got in steam.
It Seems that you use another settings for your Trix...Am i right ?
  • #6,913
  • Feb 26, 2009 11:43am Feb 26, 2009 11:43am
Haven't been around for a few days...had much to do...

Managed to get these two trades in for about 20 pips...that's all I can do today...

Trade 1.

1.) 1 min break of Trix Trend line
2.) Out at 5 and 15 min test of trendline


Trade 2.

1.) 1 min break of support
2.) 5 min Break of support and Clear Trix cross...also after brearish divergence

Take Profit at 1 min green trix and touch of trix trendline.

See you all later
Attached Image(s) (click to enlarge)
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Deprive a man of everything and you give him nothing to lose.
  • #6,914
  • Feb 26, 2009 12:00pm Feb 26, 2009 12:00pm
Hello, I have been playing with parameters of trix and searching the forum, but still I'm struggling in getting a written message alert from the divergence signal from the trix indicator.

I'd like to have this message only (not interested in crossing or slope change message) and I like it written because it specifies to which pair the divergence is occuring.
Anyone has an opinion?

Thanks
Max
  • #6,915
  • Feb 26, 2009 12:04pm Feb 26, 2009 12:04pm
The 'shakeout' pattern, being a high probability trading pattern; in most instances. will yield for the best entry; giving the traders lots of 'rooms' to maneuver in terms of risk management. The current juncture of the 5-min Gbp/Usd has had given us a bullish 'shakeout' pattern to long on upside trend line break between pivotal 3 & 4. The fact that price actions have failed to clear this consolidated pattern to the upside has given us clues that this time, the 'shakeout' pattern is likely to fail. At the same time, giving ADDITIONAL confirmation that the TRIX's negative divergence signals should be the one in play. I covered my longs with a 7 points profits and short at 1.4358.

Patterns and/or indicators failures are also important information in respect to the resolutions of price actions.

Have a good one
Jeff
Attached Image(s) (click to enlarge)
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~*~You are only one trade away from humility~*~
  • #6,916
  • Feb 26, 2009 12:06pm Feb 26, 2009 12:06pm
1.) Clear 1 min Bullish Divergnce
2.) 5 min green trix

Close 1/2 position at touch of resitance.


Again, I forgot to say "Hello" to everyone.

Hello!
Attached Image(s) (click to enlarge)
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Deprive a man of everything and you give him nothing to lose.
  • #6,917
  • Feb 26, 2009 12:15pm Feb 26, 2009 12:15pm
Quoting dorellino
Hello, I have been playing with parameters of trix and searching the forum, but still I'm struggling in getting a written message alert from the divergence signal from the trix indicator.

I'd like to have this message only (not interested in crossing or slope change message) and I like it written because it specifies to which pair the divergence is occuring.
Anyone has an opinion?

Thanks
Max
You find how to do it in the properties window of the Trix indicator:
If sound is enabled.........
Set SoundOnDivergence to false.
Attached Image
  • #6,918
  • Feb 26, 2009 12:31pm Feb 26, 2009 12:31pm
For anyone who is having alerts sent to your cell phone (TW?), can you tell me which parameter I should set in the Trix indicator? I see one for "msg alerts", and one for "email alerts". Am I correct in assuming that "msg alerts" will go to my cell phone and "email alerts" will go to my e-mail inbox?

Thanks in advance.
Up or down, gimme a ticket
  • #6,919
  • Feb 26, 2009 12:32pm Feb 26, 2009 12:32pm
Quoting Wlfx
It Seems that you use another settings for your Trix...Am i right ?
Yes, slightly.

3 points less on the period for E/Y.

It doesn't make THE big difference
  • #6,920
  • Feb 26, 2009 12:37pm Feb 26, 2009 12:37pm
This system is a very beautiful machine to make money.

Very big thank Cobraforex
Attached Image (click to enlarge)
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