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THV system, final edition

  • #7,641
  • Edited 12:25pm Mar 6, 2009 12:13pm | Edited 12:25pm
Quoting ak4x
Consider this... neckline up a little highr a'rd 2660ish...

Something to keep an eye on...
Ok, then now I have a N range and a T range....(really subjective when it comes to deciding where best to place these). Maybe just the yellow estimated S&R lines will turn out to be as good. Of course, it is not REALLY a H & S pattern UNTIL it breaks down thru neckline......something I am still waiting for, and losing confidence in as time passes.

Edit: Added M15. Could go either way, but is below 34sma tradeband and Trix is below axis.
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  • #7,642
  • Mar 6, 2009 12:22pm Mar 6, 2009 12:22pm
Quoting traderathome
Ok, then now I have a N range and a T range
I agree completely, and the only reason I even bother bringing up a 5-9 pip difference is becuz your trade was posted on the 1m chart, and I often take trades that have single digit or low teens profit targets of the same size...

My feeling is that if the tools we use on higher TF's don't work as precisely on extreme low TF's we either need new tools, or change TF's... like doing eye surgery with a Swiss Army knife...

Interestingly, price is struggling mightily atm right at or just a few pips above that xx60 level. Anxiously watching the same trade you are I think....
FUBAR...
  • #7,643
  • Edited 12:50pm Mar 6, 2009 12:31pm | Edited 12:50pm
looks to be breaking....
Edit: adjusted bb and ext.
Edit: Not breaking, just meandering. Could go either way, or die with the day.
Edit: Bear Divergence now...
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  • #7,644
  • Mar 6, 2009 12:37pm Mar 6, 2009 12:37pm
I have seen some postings requesting traling stops. There is one included in MT 4. Any comments on the use of that one ? As Ron Popille says " set it and forget it ".
  • #7,645
  • Mar 6, 2009 12:38pm Mar 6, 2009 12:38pm
Quoting traderathome
.something I am still waiting for, and losing confidence in as time passes.
It's difficult partly becuz the "true" h&s wouuld need to go back to 2720ish to form a clean right shoulder on the 15m to 30m/1hr charts...

That's where you have the clear move up to reverse down from in the first place, and we're sort of in the middle of that move down already from the highs and possibly headed lower, but who knows, and as you say, the longer we hang out here, the murkier it gets for the "next" move...

That's one of the overall issues I have always had with low tf shampoos... unless they are at the extreme top/bottom of a move and precipitate the following reversal action. In the middle of ranges or consolidation action tho, they get iffy... imhaouo.

That said, I've got a great screenshot of a classic shampoo on 3m EU chart, followed by a 120 pip collapse... I'll post it on the other thread when I find it.

PS: 20m 21sma is currently at 2653... and rising.
FUBAR...
  • #7,646
  • Edited 12:48pm Mar 6, 2009 12:40pm | Edited 12:48pm
Quoting Nag pa da
Cobra,

I have to very respectfully disagree with you about the need to park one's hinder in front of the screen or to miss all those lovely trades that are occuring with the other pairs than the one you have in front of you.

Trading is work on that we do agree but I am suggesting that we work smart not hard. That applies whether we trade 1M or even tick charts or any time frame.
I think I got you.
I’m trading mainly 1M charts and I can’t do that on control remote but you want to mention that an alert is given when all rules are met and higher timeframe filters allow a secure trade, is that right?

I’m working on an idea for a possible V4 version that compiles all indications and give a trade zone alarm.

That means that you can receive an alert or email when these conditions are met, you analyze your trade, draw TL’s watch out for fibs etc and take or not the trade.
It is like an semi automatic EA.

I had Ronald Raygun under contract to do this but the Indicators aren’t EA friendly he said and may give technical false signals.

Karun found a way to trigger the correct signals and we are working on that, but slowly as we both are busy guys.

Anyhow there will be always human intervention needed to get AAA trades filtered and you need to do that on time to guarantee an early entry.

May be in some months we are ready to release that version, till than we need to work smart and hard
  • #7,647
  • Mar 6, 2009 12:44pm Mar 6, 2009 12:44pm
Quoting Nagpada
Do you really believe that those umpteen professional traders stay glued to their screens hour after hour day after day ?
Yes
  • #7,648
  • Mar 6, 2009 12:46pm Mar 6, 2009 12:46pm
Quoting ak4x
Entry ((26921)) based on the 1m THV, my own 2m system, and overall PA considering among other things the M4 (on my charts) tap from the bottom.

Never take the first tap tho... It'll try twice more often than not when struggling to regain lost ground. This was true on this trade as well.

(I haven't gotten the hang of the THV fibs yet... sorry ) still learning.
Great AK, you are getting customed to the THV template, took it's time but.....
  • #7,649
  • Mar 6, 2009 1:04pm Mar 6, 2009 1:04pm
My EU current trade....no longer subscribing to the H&S. Now also managing on M5, stalking a break.
Edit: First break, but sense it a HeadFake...
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  • #7,650
  • Mar 6, 2009 1:08pm Mar 6, 2009 1:08pm
Quoting Nagpada
Cobra,
Do you really believe that those umpteen professional traders stay glued to their screens hour after hour day after day ?
do you think that these guys are having a picnic there
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  • #7,651
  • Mar 6, 2009 1:10pm Mar 6, 2009 1:10pm
Quoting cobraforex
do you think that these guys are having a picnic there
I am so glad I can shut my door and have my office to myself. To hell with the rat race!
  • #7,652
  • Mar 6, 2009 1:12pm Mar 6, 2009 1:12pm
Quoting TradeWell
I need to clarify for you.

4. Keep in mind that this is a H1 trade so you may hold all or part of your position a day or more.

Patience is crucial to trading based on the H1.
To add a word of caution here...

I have been trading 1 hour time frame with good results over the past couple of weeks and will post more about that over the weekend...

TW is probably all over this and it may be obvious to most - but I just wanted to add something I learned the hard (and expensive) way...

Remember that if you stay in a trade past the end of the day, the pivot points change. This may require an adjustment in your TP and SL for the trade.

T...
  • #7,653
  • Edited 1:35pm Mar 6, 2009 1:13pm | Edited 1:35pm
Quoting cobraforex
took it's time but.....
ak, the THV baby...
Attached Image
FUBAR...
  • #7,654
  • Mar 6, 2009 1:15pm Mar 6, 2009 1:15pm
Quoting tsquad
....TW is probably all over this and it may be obvious to most.....
It never hurts to remind. Even experienced traders can use others' perspectives.
  • #7,655
  • Mar 6, 2009 1:17pm Mar 6, 2009 1:17pm
Quoting cobraforex
do you think that these guys are having a picnic there

You mean they aren't waiting for some of Traderathome's popcorn like I am????
  • #7,656
  • Mar 6, 2009 1:18pm Mar 6, 2009 1:18pm
Quoting TradeWell
I am so glad I can shut my door and have my office to myself. To hell with the rat race!
yep, I wouldn't like to work there but I understand that these folks are well paid to be there
  • #7,657
  • Mar 6, 2009 1:20pm Mar 6, 2009 1:20pm
Quoting tsquad
You mean they aren't waiting for some of Traderathome's popcorn like I am????
One called me and asked when cashmeere will produce a new divergence
  • #7,658
  • Mar 6, 2009 1:24pm Mar 6, 2009 1:24pm
Quoting cobraforex
One called me and asked when cashmeere will produce a new divergence
That sounds like a personal question to me - too much information for this forum...
  • #7,659
  • Mar 6, 2009 1:27pm Mar 6, 2009 1:27pm
Hello All

Hope everone did well on the london time. I have been trying out different
TF charts below are 3min and 45min eurjpy they seem to offer up some fine pip's

TJ
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  • #7,660
  • Mar 6, 2009 1:31pm Mar 6, 2009 1:31pm
Quoting cobraforex
do you think that these guys are having a picnic there
Unfair, Cobra! You DO love to hit a tack with a sledge!
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