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THV system, final edition

  • #8,641
  • Mar 25, 2009 9:36am Mar 25, 2009 9:36am
It does filter out a lot of unnecessary noise from the 1-min but still manage to provide good setups and entry points. Also, I need to point out I'm using the fork as my major tool in trading; along with THV's confirmation on divergence. I only trade on the divergence plays provide by the THV.

Quoting RobertFx
I have to move on 3M TF - looks beter and probably give us more opportunity
~*~You are only one trade away from humility~*~
  • #8,642
  • Mar 25, 2009 9:36am Mar 25, 2009 9:36am
Quoting dreamfab
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...
Take a look at your pivots and Trix, the trix was BELOW the zero line which indicates BEAR territory, may show the countertrend color and divergence, BUT will be an extremely small risky scalp trade until it crosses the zero line into BULL territory.

SHORTS BELOW ZERO
LONGS ABOVE ZERO
TRADES @ ZERO LINE ARE RISKY, INDECISION IN MARKET

It had alread crossed a pivot so had bias to head south, found support at the next pivot so look for it to bounce north. thefxpivotpoint.com (acumen's site)

Hope that helps, look at that, an American helping the French.

McD
  • #8,643
  • Mar 25, 2009 9:43am Mar 25, 2009 9:43am
trading right now THV'ers. Let the the indy's catch up with PA. Things are still caddy-wampus. At least that is what I'm 'seeing.'
Pip what you see; See what you pip!
  • #8,644
  • Mar 25, 2009 9:45am Mar 25, 2009 9:45am
Staying out

chewing up my demo account like a fat girl at Denny's.


McD
  • #8,645
  • Mar 25, 2009 9:50am Mar 25, 2009 9:50am
Quoting DrMcDDC
Staying out

chewing up my demo account like a fat girl at Denny's.


McD
and I was having such a wonderful time reading all the fun banter on this thread and the e/u thread until that visual - thx Doc!
Pip what you see; See what you pip!
  • #8,646
  • Mar 25, 2009 9:51am Mar 25, 2009 9:51am
Quoting jharteam
It does filter out a lot of unnecessary noise from the 1-min but still manage to provide good setups and entry points. Also, I need to point out I'm using the fork as my major tool in trading; along with THV's confirmation on divergence. I only trade on the divergence plays provide by the THV.
Ahhhh, i see now are divergence on M3 reliable?
And I have stupid question - what is fork as major tool (my english is funny)
  • #8,647
  • Mar 25, 2009 9:58am Mar 25, 2009 9:58am
Personally, THV is a very reliable indicator in divergence plays; disregard of any time frame. They all work for me beautifully as I'm very heavy on trading patterns as well; along with the divergence setups. My major tool in trading is the Andrew's Pitchfork, as well as Babson Lines.

Quoting RobertFx
Ahhhh, i see now are divergence on M3 reliable?
And I have stupid question - what is fork as major tool (my english is funny)
~*~You are only one trade away from humility~*~
  • #8,648
  • Mar 25, 2009 10:02am Mar 25, 2009 10:02am
Quoting DrMcDDC
Staying out

chewing up my demo account like a fat girl at Denny's.
McD
Attached Image
  • #8,649
  • Mar 25, 2009 10:11am Mar 25, 2009 10:11am
Quoting jharteam
Personally, THV is a very reliable indicator in divergence plays; disregard of any time frame. They all work for me beautifully as I'm very heavy on trading patterns as well; along with the divergence setups. My major tool in trading is the Andrew's Pitchfork, as well as Babson Lines.
I see I have to learn more and more....
  • #8,650
  • Mar 25, 2009 10:16am Mar 25, 2009 10:16am
Nice pennate flag formation, if it breaks FPV may go for a big short, Opinions, thoughts, and observations welcome.

McD
  • #8,651
  • Mar 25, 2009 10:22am Mar 25, 2009 10:22am
It looks nice, for sure, but it's pretty hard to handle. I'll pass for this one. Most likely, it will further to gyrate within ranges and turn into another pattern.

Quoting DrMcDDC
Nice pennate flag formation, if it breaks FPV may go for a big short, Opinions, thoughts, and observations welcome.

McD
~*~You are only one trade away from humility~*~
  • #8,652
  • Mar 25, 2009 10:24am Mar 25, 2009 10:24am
Quoting DrMcDDC
Nice pennate flag formation, if it breaks FPV may go for a big short, Opinions, thoughts, and observations welcome.

McD
PA is hovering right at the 50% fib line of this Geithner move. It looks rather undecided right now. My personal bias is that it will move back into the previous range (or there about) for a while until something "real" happens. It may creep up to MR1 then drop or touch DP and bounce. Mojo is just not there right now for much of anything to happen really.


ps - edit - ya what jharteam just said - rofl.
Pip what you see; See what you pip!
  • #8,653
  • Mar 25, 2009 10:33am Mar 25, 2009 10:33am
Quoting RobertFx
Have you seen it? I've cought 83 pips in one minute

Attachment
Actually getting your order filled by your broker around news time is an achievement in itself ....

Take care
  • #8,654
  • Mar 25, 2009 10:37am Mar 25, 2009 10:37am
That's why, Macman, either like what you have presented; trade the markets minutes before the news and out or position oneself for the ride ... or the stop loss. :*)


Quoting macman
Actually getting your order filled by your broker around news time is an achievement in itself ....

Take care
~*~You are only one trade away from humility~*~
  • #8,655
  • Mar 25, 2009 10:39am Mar 25, 2009 10:39am
Quoting jharteam
... My major tool in trading is the Andrew's Pitchfork, as well as Babson Lines.
Jeff,
This may be a silly question - here goes anyway.

Do you draw the fork yourself or use an indicator?

If you draw it by hand, how do you choose the optimum points?

Have a good day
  • #8,656
  • Mar 25, 2009 10:53am Mar 25, 2009 10:53am
Quote:
Originally Posted by macman http://www.forexfactory.com/images/buttons/viewpost.gif
Actually getting your order filled by your broker around news time is an achievement in itself ....
Take care

Quoting jharteam
That's why, Macman, either like what you have presented; trade the markets minutes before the news and out or position oneself for the ride ... or the stop loss. :*)
As you know I have been watching PA just before news releases recently and so was ready for this move up. Even so I pulled out at +45 pips, simply because if I had left it any longer I was in danger of not getting my close order filled.

Trading around news time sure gets the adrenalin going ...
Attached Image (click to enlarge)
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  • #8,657
  • Mar 25, 2009 11:01am Mar 25, 2009 11:01am
Hi Macman:

I draw forks manually and, personally, this is the only genuine way to this approach. When I came over to Forex Factory, I was initially quite impressed by people written out codes for the forks, and Shi Channel is one of them. I used it for maybe 1 day and, to me, it's useless because it repaints all the time; meaning that "it tells you things in hindsight". But if the forks are being drawn manually and being identified as the correct fork, it will control FUTURE price actions and will provide you a possible path of future price actions in high probability. Now, you may ask, how to identify the fork as being the correct one to utilize? The correct usage of a fork can be identified by simply observing whether it 'describes' price actions in the best way. Here's an example of the reason when I longed at 1.4575 on the Gbp/Usd in the 15-min time frame. Please take a look at the gif, the price actions of the last few days have been set IN ADVANCE by the Blue Fork; and price actions have been acting accordingly within these three median lines and sliding parallels. It's a very lengthy subject and not very appropriate to discuss here. Let me know if you want to explore further. Take care.

Have a good one
Jeff

Quoting macman
Jeff,
This may be a silly question - here goes anyway.

Do you draw the fork yourself or use an indicator?

If you draw it by hand, how do you choose the optimum points?

Have a good day
Attached Image (click to enlarge)
Click to Enlarge Name: GBP Median Lines 03252009 (iii).jpg Size: 172 KB
~*~You are only one trade away from humility~*~
  • #8,658
  • Mar 25, 2009 11:06am Mar 25, 2009 11:06am
Quoting jharteam
Hi Macman:

I draw forks manually and, personally, this is the only genuine way to this approach. ......
Brilliant answer

Thanks Jeff, I will carefully study ... If you have any useful links please post otherwise I will research
  • #8,659
  • Mar 25, 2009 11:13am Mar 25, 2009 11:13am
Hi Macman:

Please provide your private email. I need to go now.. PM to my FF email

Have a good one
Jeff

Quoting macman
Brilliant answer

Thanks Jeff, I will carefully study ... If you have any useful links please post otherwise I will research
~*~You are only one trade away from humility~*~
  • #8,660
  • Mar 25, 2009 11:29am Mar 25, 2009 11:29am
Hello friends,

Now I know how a news can ruin an entire trader....

Lucky it was a Demo Account ... hehe


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