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THV system, final edition

  • #7,601
  • Mar 6, 2009 6:00am Mar 6, 2009 6:00am
What shall I do more if for example I can see on my H1 timeframe:

  1. Heiken Ashi green candle is closing over the Coral indicator
  2. The price is above the blue cloud
  3. The Fast/Slow Trix are green
  4. The fast Trix is above the 0 line and the slow Trix is crossing up that line too

    Look on the eur/gbp pair on H1, should I go long ?

  • #7,602
  • Mar 6, 2009 6:06am Mar 6, 2009 6:06am
Nice ride for 50 pips on eurjpy.
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  • #7,603
  • Mar 6, 2009 6:31am Mar 6, 2009 6:31am
Non-Farm payroll has the potential to be extra volatile today. Just thought a reminder might be wise...


T...
  • #7,604
  • Mar 6, 2009 7:11am Mar 6, 2009 7:11am
Quoting jharteam
Hi Windelevel:
Those are very nice trades you did and most importantly, you have a fast grasp of the price structures of the market ...
...
Have a good one
Jeff

Thank you for commenting on my trader ... Thanks also for useful tips that you always from me, you is helping me a lot and I am very grateful.

I'm looking on Google and YouTube more information about the various techniques of Elliott Wave and harmonics, so I'm studying a lot.

Thank you again.
Have a great Friday
I am Brazilian and I never give up!
  • #7,605
  • Mar 6, 2009 8:41am Mar 6, 2009 8:41am
this thread got back on the fast track to productivity, kickin a$$

I went to bed and missed all kinds of good stuff.

Looks like i missed a lot of good action on E/U

McD
  • #7,606
  • Mar 6, 2009 8:46am Mar 6, 2009 8:46am
I have been watching the H1 it seems to be reliable as a short-term trend change indicator. However, for best pip yield you have to anticipate a little. You can look for divergence or look to make the trade when you get an exit signal on the opposite trend, especially if there is corresponding divergence on M15 or even M5. This early entry is more risky, but less so on the H1. And as mentioned earlier, a larger SL is needed on the H1. If you use good lower TF entry rules, the occasional false change on the H1 should be safely mitigated.
  • #7,607
  • Mar 6, 2009 8:48am Mar 6, 2009 8:48am
Quoting Freddyfx
Karun, EXACTLY

Quoting karun
If I understand correctly, if its a buy @ 1.2343 with trailing stop of 20, then when the order an order is opened it will modify the SL to 1.2323 and start trailing from there?
Freddyfx,

I have not tested this completely, check and let me know if this is what you are looking for. This one does not consider spreads, so if you want to trail 20 pips, then you might want to set it for 22 pips (20 SL+2 for spread).

Cobra,
if this is not ok to post this here let me know, I can remove this and send it as PM to freddyfx.

Thanks
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  • #7,608
  • Mar 6, 2009 9:00am Mar 6, 2009 9:00am
Potential divergence coming up on M15.
  • #7,609
  • Mar 6, 2009 9:03am Mar 6, 2009 9:03am
Thanks Karun.

Just got back to my screens, I don't hang around for NFP to mess up my account, lol.

Will check it out later today and get back to you if I get stuck.
  • #7,610
  • Mar 6, 2009 9:06am Mar 6, 2009 9:06am
Quoting TradeWell
Potential divergence coming up on M15.
no 'potential' about it TW
Pip what you see; See what you pip!
  • #7,611
  • Mar 6, 2009 9:18am Mar 6, 2009 9:18am
Quoting TradeWell
Potential divergence coming up on M15.
Yep got it now and still riding on it. NFP dust is settled out now. Time to go out and picking up some flowers. http://www.kaskus.us/images/smilies/...miley_beer.gif
Manage your risk accordingly and you're half done your home work.
  • #7,612
  • Mar 6, 2009 9:22am Mar 6, 2009 9:22am
Exactly my approach using THV.............

Quoting TradeWell
I have been watching the H1 it seems to be reliable as a short-term trend change indicator. However, for best pip yield you have to anticipate a little. You can look for divergence or look to make the trade when you get an exit signal on the opposite trend, especially if there is corresponding divergence on M15 or even M5. This early entry is more risky, but less so on the H1. And as mentioned earlier, a larger SL is needed on the H1. If you use good lower TF entry rules, the occasional false change on the H1 should be safely mitigated.
  • #7,613
  • Mar 6, 2009 9:31am Mar 6, 2009 9:31am
Quoting BeachBum
Exactly my approach using THV.............
I remember first learning about some of the details about watching the H1 from you.
  • #7,614
  • Mar 6, 2009 9:47am Mar 6, 2009 9:47am
Good to know...........I like this approach to "scalping" on the 5M time frame. And because the TRIX indicator focuses on momentum, it's a great tool to watch for larger moves in the market. Right now I am experimenting with the 4H and Daily charts with the intention of being more aware of PA in the big picture. james16 group members use PA almost exclusively on very large time frames as a reference. I know of a trader who only trades Pin Bars on Daily charts because of the power of PA in that environment. TRIX may be similarly helpful; I'll post any positive conclusions I reach.

Quoting TradeWell
I remember first learning about some of the details about watching the H1 from you.
  • #7,615
  • Mar 6, 2009 9:50am Mar 6, 2009 9:50am
Quoting tsquad
Non-Farm payroll has the potential to be extra volatile today. Just thought a reminder might be wise...
T...
Listen to the whispers.... You may learn something
  • #7,616
  • Mar 6, 2009 9:51am Mar 6, 2009 9:51am
Quoting cobraforex
The BEAST, the G/Y?

you need to have iron balls and a lot of bit sticks to trade that thingy.
Jejjeej....yeap...i did well yersterday but too stressfull that one....I may stick to the EU,EJ
  • #7,617
  • Edited 10:34am Mar 6, 2009 9:59am | Edited 10:34am
Yesterday the Fib. Ext. was applied to the range H/L. Look at today's session run out of the range.....to the 162% level nearly TO THE PIP! Acutally, my application of the extension is probably off a tiny fraction....

I exited my trade early this morning (EST) above the 100% level to protect profits. PA pulled back, then ran right to the 162% level.

Whether trading on 1-5 minute timeframes, or 1-4 hour timeframes, the Fibonacci Retracement and the Fibonacci Extension tools are excellent when it comes to "guesstimating" possible exit targets.

Edit: I just realized the M15 chart, where I had applied the FE yesterday, shows TO THE EXACT PIP the high price of the run!
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  • #7,618
  • Mar 6, 2009 10:02am Mar 6, 2009 10:02am
Quoting Nagpada
So what should window 1 contain :
1. specify main trading time frame ie. 1min or 5min etc.
2. specify higher time frame
3. Trend change y or n/a
4. fast trix same color as trend y or n/a
5. candle same color as trend y or n/a
6 candle out of cloud y or n/a
etc. etc.
y means that you want this to apply to your trading
n/a means that this does not apply. Choice always choice.

The main purpose is to not be stuck to the screen but then again not to miss a great setup. As I said just my 2 pip input.
I was reading your post 3 times but don't get what you want to ask/mention.

This system is created to work mainly in small TF's like 1,5,15M but some use it on higher Tf's.

Working on smaller TF's you need to be in front of your computer.

Trading is a profession and a trading session is the work time, if you want to do something else during a trading session if you work the 1M and 5M as I do, you better not start.

may be you can express yourself a bit more clear or I'm the only one that have problems to answer that post?
  • #7,619
  • Mar 6, 2009 10:07am Mar 6, 2009 10:07am
today,my trade,only use THV,i don't know when must i close the trade
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  • #7,620
  • Mar 6, 2009 10:14am Mar 6, 2009 10:14am
Quoting cobraforex
Working on smaller TF's you need to be in front of your computer.
One way around this is I get into a good position, using the H1 trend change and smaller TF's for entry. Then I close 1/2 to 3/4 at good TP, which typically happens in a relatively short amount of time (15 minutes to 1 hour). Then, with SL at BE I am free to leave my computer (with preset alarms that ring my cell phone if needed). I can take more profit later, depending on S&R levels, H1 exit alarm or a black cat crosses my screen.

The H1 TF lets you enter with a higher degree of assurance that the previous trend will not resume soon.
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