THV system, final edition | Page 390 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

THV System Trades & Patterns Thread 857 replies

THV 4 system with SAH; My Trading Journal 163 replies

Bow's trading journal (THV, Hmaoui simple system) 4 replies

My Journal - Based on THV V3.0 by Cobraforex 30 replies

the vouchers - THV System 2 replies

Attachments: THV system, final edition
Exit Attachments

THV system, final edition

  • #7,781
  • Mar 9, 2009 8:56am Mar 9, 2009 8:56am
PIPs have been a bit hard to find today but available with patience. Attached chart shows one that you just had to take. Bullish divergence on the M5, followed by a Trix Cross. Confirmed on M1.

My biggest problems:
1. Knowing when to give up on a trade - stop loss
2. Letting a trade run for maximum profits

This trade would actually still be running if I had set a trailer but I bailed out early, needing any PIPs I can get.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 20 KB
Up or down, gimme a ticket
  • #7,782
  • Mar 9, 2009 9:24am Mar 9, 2009 9:24am
Nice trade to recover from two stoped out trades (very small SL). Good for 33pips.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_33pips.gif Size: 29 KB
  • #7,783
  • Mar 9, 2009 9:51am Mar 9, 2009 9:51am
Quoting SpecialEd
My biggest problems:
1. Knowing when to give up on a trade - stop loss
2. Letting a trade run for maximum profits

This trade would actually still be running if I had set a trailer but I bailed out early, needing any PIPs I can get.
Same problem here for no 2 . But for no 1 I usually use 30 pips max SL and follow this strictly. Safe me many times from bad trade.

Have just out for +30 pips on GU. The bearish div comes to the field. Thanks you to Cashmeer for the bear.
Manage your risk accordingly and you're half done your home work.
  • #7,784
  • Mar 9, 2009 9:51am Mar 9, 2009 9:51am
Great trade on the Eur/Usd Ed. And 5-min THV surely gave out a valid bullish divergence play at the right time and place. You in fact, has picked a potential bottom of a potential bull scenario. I think maybe your problems can be resolved by having a perspective in the larger time frame? If I look at this Eur/Usd in the 60-min time frame; and if I were in your situation, I would surely pocket the gains as well; knowing that, IF this is any valid bull run in the making; price actions just have to consolidate in the smaller time frames to allow other buyers to participate later on. So, your squaring of the positions are a justifiable and valid one, to me.

Quoting SpecialEd
PIPs have been a bit hard to find today but available with patience. Attached chart shows one that you just had to take. Bullish divergence on the M5, followed by a Trix Cross. Confirmed on M1.

My biggest problems:
1. Knowing when to give up on a trade - stop loss
2. Letting a trade run for maximum profits

This trade would actually still be running if I had set a trailer but I bailed out early, needing any PIPs I can get.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR Median Lines 03092009 (i).jpg Size: 143 KB
~*~You are only one trade away from humility~*~
  • #7,785
  • Mar 9, 2009 10:03am Mar 9, 2009 10:03am
Quoting NosferatuMan
Nice trade to recover from two stoped out trades (very small SL). Good for 33pips.
How do you get MT4 ellipses to be unfilled, with just a color boundary?
  • #7,786
  • Mar 9, 2009 10:14am Mar 9, 2009 10:14am
Quoting traderathome
How do you get MT4 ellipses to be unfilled, with just a color boundary?
Hi Trader,

Unclick on the ellipse's properties "draw object as background".
Up or down, gimme a ticket
  • #7,787
  • Mar 9, 2009 10:15am Mar 9, 2009 10:15am
Thanks for your input guys on my last trade. Re-posting this one since I posted it earlier in the wee hours of east coast.

Is anyone using THV v3, Trix v4.01-Divergence with email alerts? I cannot get them to work, either for Trix Cross or Divergence. Using M5 TF.

Thanks again to all, and good trading,
Ed
Up or down, gimme a ticket
  • #7,788
  • Mar 9, 2009 10:17am Mar 9, 2009 10:17am
Quoting SpecialEd
Hi Trader,

Unclick on the ellipse's properties "draw object as background".
Thank you so much!
  • #7,789
  • Mar 9, 2009 10:19am Mar 9, 2009 10:19am
Quoting traderathome
How do you get MT4 ellipses to be unfilled, with just a color boundary?
Uncheck the "Draw Object as Background"
Edit: See that SpEd beat me to the draw...
Attached Image
Listen to the whispers.... You may learn something
  • #7,790
  • Mar 9, 2009 10:20am Mar 9, 2009 10:20am
Quoting SpecialEd
Thanks for your input guys on my last trade. Re-posting this one since I posted it earlier in the wee hours of east coast.

Is anyone using THV v3, Trix v4.01-Divergence with email alerts? I cannot get them to work, either for Trix Cross or Divergence. Using M5 TF.

Thanks again to all, and good trading,
Ed
Good morning Ed. I think I had the same problem and set the sound alert to false to get it to work. Try that.
  • #7,791
  • Mar 9, 2009 10:31am Mar 9, 2009 10:31am
Quoting TradeWell
Good morning Ed. I think I had the same problem and set the sound alert to false to get it to work. Try that.
Will do. Thanks TW.
Up or down, gimme a ticket
  • #7,792
  • Mar 9, 2009 10:50am Mar 9, 2009 10:50am
Quoting traderathome
How do you get MT4 ellipses to be unfilled, with just a color boundary?
I draw the elipses on paint
  • #7,793
  • Mar 9, 2009 11:06am Mar 9, 2009 11:06am
H Karun,

See post 7721. I am not the requester - DrMc is. I just replied with an indie that already has what he asked for. I don't have the code for it.

Quoting karun
Can you post a screen shot of where you want to display and the code for this? I have not coded an indicator yet, but can give a try.

Karun
  • #7,794
  • Mar 9, 2009 11:38am Mar 9, 2009 11:38am
Quoting MissPips
H Karun,

See post 7721. I am not the requester - DrMc is. I just replied with an indie that already has what he asked for. I don't have the code for it.
I understand now.Looks like the indicator you posted does what DrMc wanted. Let see what Dr says
  • #7,795
  • Mar 9, 2009 11:51am Mar 9, 2009 11:51am
Tradewell,

Thanks for the info. The email alerts do indeed work on my M5 after I disabled sound alerts. FYI to everyone else.

Email alerts on M5 and above seem to work very well, particularly for divergence of course.
Up or down, gimme a ticket
  • #7,796
  • Mar 9, 2009 11:51am Mar 9, 2009 11:51am
EU trade closed.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot #107.gif Size: 53 KB
  • #7,797
  • Mar 9, 2009 11:55am Mar 9, 2009 11:55am
EJ trade closed.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot #108.gif Size: 58 KB
  • #7,798
  • Mar 9, 2009 12:18pm Mar 9, 2009 12:18pm
Hello All

I have been using the m3 tf today has not been easy but have got some nice pip's Happy Trading to All.

TJ
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-3min.gif Size: 51 KB
  • #7,799
  • Mar 9, 2009 12:23pm Mar 9, 2009 12:23pm
Quoting ollytrader
Cobra, would you mind making a webinar ?
Nope, I'm too busy.

These things take a lot of time to prepare and can't be made for free.

As I own some companies that need my attention as well I couldn't even do it getting paid for it, sorry.

Let's keep THV for free and do what we can without fees or memberships.
  • #7,800
  • Mar 9, 2009 12:32pm Mar 9, 2009 12:32pm
Quoting ollytrader
Hi Cobra,


It will very very great if we can see a video on how you follow the THV rules for scalping on M5 because i have to stay on H1 to be sure of my daily profits...

OllyTrader
I tried to grab a realtime trade in the last Asian session but the problem is, to grab a trade you need to analyse the situation to find a valid one.

Once that I find it, I trade it and forget about grabbing the video.

I need to do it on the simulator but the new MTF indicators don't work with it.
7 traders viewing now