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THV system, final edition

  • #7,541
  • Mar 5, 2009 4:05pm Mar 5, 2009 4:05pm
Quoting cashmeer
Did you see how many times I made divergence today?!

I'm like a factory...

Mass production!

Now, if you look at the chart I posted, do you notice that both trix broke the trix trend line....should I have stayed the trade since the slow trix also broke the trendline?

It broke down hard to MS1, that was another 7 or 8 pips...


ADD What the fudge! Why is price leaping like that....is that due to lack of volume?
Ca$h Divg...
Depends on where you were at with the lots...? Going with some size it would be a good place to off some to lock in profit, set stop to BE+ and look to the M5 chart...never threatened over there. Course I'm looking at the chart *after the fact*, surely that wouldn't sway one's thinking now would it.
Listen to the whispers.... You may learn something
  • #7,542
  • Mar 5, 2009 4:06pm Mar 5, 2009 4:06pm
Quoting cashmeer

ADD What the fudge! Why is price leaping like that....is that due to lack of volume?
I'm not touching the trade platform to scalp a bit before our friends in Asia awake.
  • #7,543
  • Mar 5, 2009 4:10pm Mar 5, 2009 4:10pm
Quoting cashmeer
Another bounce off the 15 min t/l

Divergence in the 1 min....
how often does divergence show false signals ?
  • #7,544
  • Mar 5, 2009 4:14pm Mar 5, 2009 4:14pm
Quoting Scrutch
Ca$h Divg...
Depends on where you were at with the lots...? Going with some size it would be a good place to off some to lock in profit, set stop to BE+ and look to the M5 chart.
Absolutely!
Deprive a man of everything and you give him nothing to lose.
  • #7,545
  • Mar 5, 2009 4:22pm Mar 5, 2009 4:22pm
Quoting ForexTrader1
how often does divergence show false signals ?
I'm not sure anyone could put a figure on that...I think we've come to the conclusion that it's not the reliability of divergence that is questionable but rather the amount of pips you can expect to extract in the various time frames....the lower the t/f the lower the pips unless you are getting your signals from factors in higher t/fs...

you could, as I have done, set your trix bar count to a very large number and scroll back in the various time frames and take a look, not only for the amount of times and pips, but also patterns in the trix...

if you do, let us know your findings...



ADD Somebody shot the PA at MS1; it's dead. Or maybe my borker turned off the servers....
Deprive a man of everything and you give him nothing to lose.
  • #7,546
  • Edited 6:45pm Mar 5, 2009 6:42pm | Edited 6:45pm
Greetings,

Nice start to the asian session with what seemed a clear divergence trade. Good for 45 pips for me. Chickened out at 50.

Didn't expect much tonight with NFP tomorrow.

Regards
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  • #7,547
  • Mar 5, 2009 6:49pm Mar 5, 2009 6:49pm
second trade long at 12312 out 65
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  • #7,548
  • Mar 5, 2009 7:10pm Mar 5, 2009 7:10pm
Hi Windelevel:

Those are very nice trades you did and most importantly, you have a fast grasp of the price structures of the market. For your information, the first trade you did is to trade on the Wave C of the corrective; which is right on from an Elliott Wave perspective. And corrective up move of Wave B was stopped at 0.786 (I didn't measure it, I just eyeballed it and it was good enough). and committed short on break of a small pattern (if you can find one in the 1-min time frame).

Yes, Cobra made a very good point of putting the trend line in place. when you play divergences; please don't forget the trend line analysis. To me, that's very important to qualify the validity of a potential divergence play. Take care.

BTW, you don't need to trade Gbp/Usd, if you don't want to. The very characteristics of cable is more volatile than Eur/Usd. All the same, it's up to you to choose, bro.

Have a good one
Jeff


Quoting windelevel
Hello Friends,

First of all, sorry for my bad English...

I made three traders who would like to post here for you to analyze ...

Trader 01:

In C had formed a TL and then crossed the Trix is giving a signal of Sell... Believed that the loss came to the D nonto MS1, and everything happened as I planned.

Attachment


Trader 02:

I noticed that the market had respected the Fibo MS1 ... Then Trix was giving the signal to buy, and I believed that the leg D do the same movement of the leg B.

Attachment


[b]Trader...
~*~You are only one trade away from humility~*~
  • #7,549
  • Mar 5, 2009 7:15pm Mar 5, 2009 7:15pm
yeah, good one Nuancom. Quite an easy 'catch' thus far; considering it's Asian early morning.


Quoting nuancom
second trade long at 12312 out 65
~*~You are only one trade away from humility~*~
  • #7,550
  • Mar 5, 2009 7:22pm Mar 5, 2009 7:22pm
and 30 on gu
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  • #7,551
  • Mar 5, 2009 7:32pm Mar 5, 2009 7:32pm
Quoting nuancom
second trade long at 12312 out 65
With the indicators from MissPips which I'm trying out you would have been in at 17 (red and blue line marks entry).

All trix (1,5,15M) green, second bar indicator.

PA above 1,5,15M Ichimoku clouds, third bar indicator.

BTW: when the cloud indicator paints yellow means the the PA is IN the cloud
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  • #7,552
  • Mar 5, 2009 7:40pm Mar 5, 2009 7:40pm
that trade i went long looking the bobokus fibo
  • #7,553
  • Mar 5, 2009 7:46pm Mar 5, 2009 7:46pm
Greetings,

I was looking at your ej hourly and can't quite figure where you pulled your fibs from.

Mind sharing?

I just pulled the swing...waiting to see if we get a bounce

Thanks

Regards
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  • #7,554
  • Mar 5, 2009 7:48pm Mar 5, 2009 7:48pm
Cobra,

When you roll out MissPips indicators, I can go naked again (I mean on the main chart) !

Please have options to add/change TF! I trade the 5M with 15M and 30M clouds.

Cheers,
CaveMan

Quoting cobraforex
With the indicators from MissPips which I'm trying out you would have been in at 17 (red and blue line marks entry).

All trix (1,5,15M) green, second bar indicator.

PA above 1,5,15M Ichimoku clouds, third bar indicator.

BTW: when the cloud indicator paints yellow means the the PA is IN the cloud
  • #7,555
  • Mar 5, 2009 7:57pm Mar 5, 2009 7:57pm
Quoting sundowner
Greetings,

I was looking at your ej hourly and can't quite figure where you pulled your fibs from.

Mind sharing?

I just pulled the swing...waiting to see if we get a bounce

Thanks

Regards
its making the fibos from the dayly pivot
Attached File(s)
File Type: mq4 FiboPiv_Daily_DK.mq4   16 KB | 753 downloads
  • #7,556
  • Edited 8:28pm Mar 5, 2009 8:02pm | Edited 8:28pm
Quoting caveman
Cobra,

When you roll out MissPips indicators, I can go naked again (I mean on the main chart) !

Please have options to add/change TF! I trade the 5M with 15M and 30M clouds.

Cheers,
CaveMan
I'm not an indicator fan (or let's better say: I'm not a fan of too much indicators on the chart) but this ones I like.

My privat E/Y scalp chart has only the cloud and Trix with one line.

But for our newcomers some indicators are very helpful.

Here is still the beta version, it might have some cosmetic changes till official release but you can have some fun and let me know if you find any bugs.

You need the latest Trix version of the THV system (posted in the V3.zip in first page) to get it to work
Attached File(s)
File Type: ex4 thv 2 4 TF Trixhisto BarV3.1.1.ex4   10 KB | 1,426 downloads
  • #7,557
  • Mar 5, 2009 8:13pm Mar 5, 2009 8:13pm
Quoting cobraforex
BTW: when the cloud indicator paints yellow means the the PA is IN the cloud
Hi Cobra:

That means the bar is INSIDE the cloud right? Thanks

Jeff
~*~You are only one trade away from humility~*~
  • #7,558
  • Mar 5, 2009 8:30pm Mar 5, 2009 8:30pm
EJ M15 chart possibilities.......H & S (inverted) w/tgt in 124.70s (2x H to Neckline distance). Fib. Ext. shows 124.72 at 200% level....
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  • #7,559
  • Mar 5, 2009 8:31pm Mar 5, 2009 8:31pm
Quoting jharteam
Hi Cobra:

That means the bar is INSIDE the cloud right? Thanks

Jeff
Yep, thanks for clarify
  • #7,560
  • Mar 5, 2009 8:32pm Mar 5, 2009 8:32pm
Ok I got it, thank you.

Quoting cobraforex
Yep, thanks for clarify
~*~You are only one trade away from humility~*~
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