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THV system, final edition

  • #8,581
  • Mar 24, 2009 12:10pm Mar 24, 2009 12:10pm
Go to page 512 in this thread and it talks about it.

Quoting leñador
Hey guys....
You probably would think this is a very stupid Q...but can´t manage to find the way to put my chartson a 3 min time frame....only optios I have is the standars 1,5,15,30,....
Any help???
I am so shame to haveto make this question....
Yea it's Life//
  • #8,582
  • Mar 24, 2009 12:19pm Mar 24, 2009 12:19pm
Quoting serj1
Go to page 512 in this thread and it talks about it.
  • #8,583
  • Mar 24, 2009 12:30pm Mar 24, 2009 12:30pm
Short Again on EURUSD...
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  • #8,584
  • Mar 24, 2009 12:33pm Mar 24, 2009 12:33pm
Short anyone? Targeting R2 line. Wish me luck.

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Manage your risk accordingly and you're half done your home work.
  • #8,585
  • Mar 24, 2009 12:36pm Mar 24, 2009 12:36pm
Quoting personalme
Hi all. Looks like Dollar and Yen bear begin to vanish. I'm stalking to short USDJPY for my long term trade. It still needs time for 4h chart to reveal its downward movement. I'll wait price pass the Ichi cloud.

And.. we have a potential bear div here. Any thoughts friends?
A bit early to verify but this could be what you're looking for...?
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Listen to the whispers.... You may learn something
  • #8,586
  • Edited 1:42pm Mar 24, 2009 12:44pm | Edited 1:42pm
Some simple points which turned my break even or demo account buster trading into the right direction.

I repeat once again the link to a post from Jack Herer as everything there is true (http://www.forexfactory.com/showpost...postcount=7842). Although most of the time I tried to respect everything mentioned there I still could not get my account growing.

As I want to start live with a small account size of about 200 € I trade also a demo account with this size. According to my MM with < 2% risk a volume of 0.01 lot has to be used. Countless trades I've placed were going to 10-20 pips but I wanted more until they turned against me and I had them to close NEGATIVE.

What was wrong ? The volume was to small, because the position could not be splitted. Now my MM is < 2% but at least 0.02 lots. If a position is positive I can close the half position at TL, S&R, pivot, psych without the feeling to have something lost if the movement continues and WITHOUT closing the trade negative, because the remaining orders S/L is set to BE.

Another weakness of mine was to watch negative trades with the hope of turning the right way. HOPE will never turn a position. If you have no fundamentals, no higher TF trends, no channels, ... which tell you the position will turn just hope you can close the position because the negative pips would grow and grow and while you watch the loss get bigger you miss other opportunities.

Way wrong for me was also the amount of currency pairs I thought of being able to manage. Now I've reduced them to 3 pairs. These 3 pairs and above insights - additionally to the THV of course - gave me 208 pips this week with no loss and 12 winners in a row .

My last trade of today below. Just luck or the right decision, any comments of the pros in here ?

Tks.
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10 x 100 = 100 x 10, stefx, retired scalper.
  • #8,587
  • Mar 24, 2009 12:55pm Mar 24, 2009 12:55pm
It was good for me 40 pips in 10 minutes... What a pleasure...
  • #8,588
  • Mar 24, 2009 12:57pm Mar 24, 2009 12:57pm
Quoting Scrutch
A bit early to verify but this could be what you're looking for...?
Hello Scrutch. Thanks for the response. Comments from a veteran like you is very precious to me. Yup, it is too early to take the trade today. We need to see more bear HA candle and price below ichi cloud as I mentioned before. Another consideration is on fundies aspect since it is a long term trade. I still don't know where's market gonna go on Geithner's public private assets plan. So, nothing I will do for tonight with USDJPY. Just wait.

I still don't understand what do you mean on the EJ chart regarding this USDJPY trade. Sorry for my lame brain. It is 0:55 am here
Manage your risk accordingly and you're half done your home work.
  • #8,589
  • Mar 24, 2009 12:59pm Mar 24, 2009 12:59pm
Quoting bizard
It was good for me 40 pips in 10 minutes... What a pleasure...
Congratulation bizard. Mine is stuck on MR3 . Close it early. Seems EU have stronger downward potential than Cable this last few days.
Manage your risk accordingly and you're half done your home work.
  • #8,590
  • Mar 24, 2009 1:07pm Mar 24, 2009 1:07pm
Quoting personalme
Congratulation bizard. Mine is stuck on MR3 . Close it early. Seems EU have stronger downward potential than Cable this last few days.
Tks... But i have to work on my exit i do move the SL but if someone can give me an advice it can be cool ... that's my problem and i have to fix it.
  • #8,591
  • Mar 24, 2009 1:08pm Mar 24, 2009 1:08pm
Quoting personalme
Hello Scrutch. Thanks for the response.
I still don't understand what do you mean on the EJ chart regarding this USDJPY trade. Sorry for my lame brain. It is 0:55 am here
I'm not trading the USD/JPY but am trading the EJ intraday so I'm watching it. Both are similar, so a break in the EJ *may* be a sign that the USDJPY will break down also...not good enough to enter a trade with but close for comparison purpose only.
Listen to the whispers.... You may learn something
  • #8,592
  • Mar 24, 2009 1:15pm Mar 24, 2009 1:15pm
Hi Personalme:

THIS could be it. Here is the Daily chart of the Usd/Jpy. Since July 2007, we are now at a juncture where price actions having a third time re-test of the Upper Median Line of a long term down sloping pitchfork. This could be the juncture to start buying Yen. Be aware of any news relating to the Japanese Yen for now which may trigger the drastic drop of the pair. Just my two cents. Take care

Have a good one
Jeff




Quoting personalme
Hi all. Looks like Dollar and Yen bear begin to vanish. I'm stalking to short USDJPY for my long term trade. It still needs time for 4h chart to reveal its downward movement. I'll wait price pass the Ichi cloud.

And.. we have a potential bear div here. Any thoughts friends?

Attachment
Attached Image (click to enlarge)
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~*~You are only one trade away from humility~*~
  • #8,593
  • Mar 24, 2009 1:17pm Mar 24, 2009 1:17pm
Quoting stefx
My last trade of today below. Just luck or the right decision, any comments of the pros in here ?
Tks.
I see no luck involved in this trade at all...the rules are telling you to go long, which you did. Taking multiple positions (if you're able) is an excellent approach, take some off, get to BE, then to BE+ and you've got a free trade going for you. Looking at your post it appears that you are well on your way...just stick to your rules, strictly follow your MM plan and you'll do fine.
Listen to the whispers.... You may learn something
  • #8,594
  • Mar 24, 2009 2:37pm Mar 24, 2009 2:37pm
Thanks for the cheat sheet Serj1. Much appreciated. Can come in handy.

Pips4Profit

Quoting serj1
Found this cheat sheep. Has some good stuff//
  • #8,595
  • Mar 24, 2009 2:49pm Mar 24, 2009 2:49pm
Turning off my PC now. Bye guys. Trade safe.
Manage your risk accordingly and you're half done your home work.
  • #8,596
  • Mar 24, 2009 4:08pm Mar 24, 2009 4:08pm
Hello Evrybody,

I am a French Trader, so please, escuse my english.

Since a long time, i used a very simple systeme with two Moving Average, in M1 timeframe at the openning of European session and US session (8h30 - 9h30 and 13h45 - 15h GMT+1) and before and after economic news with the objectif to get the long move wich are observe at those period. With littl SL and big TP, i want to let run my green trades and stop quickly my lost trades (real trading).

Since a few weeks, I have discover your thread and your very interresting systeme.

After read the thread and all the documents about it, i haved try it with a demo account, and i tryed to adapt THV with my way to trade.

So, since two weeks, i use it with my real account, always at the hoors mantionned before. The results are very better than with my Moving Average.

But in those very volatility periods I don't respect all the rules that are whrite in the PDF. I use only the fast trix and the Fibos, with a MM like that: 0,1 lot for 400€. My SL are just after the highest or lowest move and maximum at 20 pips. My TP is between 35 and 50 pips. When i win or lost 50 pips in one day, i stop trading fo this day.

If somebody use or haved use a trading strategy like wich i have read before, if something looks bad in mine, thank you to tell me.

Join you can find a picture of my afternoon trading. I haved two winning trades and 2 lost trades. The wins are very more important than the lost, so it's okay.

Thank you for your work, and your really nice community.
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  • #8,597
  • Mar 24, 2009 4:49pm Mar 24, 2009 4:49pm
Quoting cobraforex
it's difficult to say because the entry is marked as an area and not as a line.

I wouldn't have taken that trade (on that TF, on 1M may be for some pips), the fast trix was already in oversold area.

Better take would have been where I marked with a yellow line but anyhow the trade went ou for green pips.
for you agreat indicator............ look for.. imax..indicator use the blue line!!!
  • #8,598
  • Mar 24, 2009 6:13pm Mar 24, 2009 6:13pm
Quoting avi
for you agreat indicator............ look for.. imax..indicator use the blue line!!!
?????
  • #8,599
  • Mar 24, 2009 7:09pm Mar 24, 2009 7:09pm
Quoting cobraforex
?????
look at tsd thread imax indicator
  • #8,600
  • Mar 24, 2009 7:50pm Mar 24, 2009 7:50pm
Quoting avi
look at tsd thread imax indicator
im olso burn in germeny older 12 years than you . send you email
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