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THV system, final edition

  • #8,661
  • Mar 25, 2009 11:32am Mar 25, 2009 11:32am
Quoting windelevel
Hello friends,

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

Lucky it was a Demo Account ... hehe


Attachment
Attachment
it certainly can. I was thinking about that trade; but for some reason hesitated, it went just far enough for me to back off; then kaboom.
Pip what you see; See what you pip!
  • #8,662
  • Mar 25, 2009 11:39am Mar 25, 2009 11:39am
Quoting jharteam
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.
Have a good one
Jeff

Jeff, like your stuff but, did you actually mean this about ''forks'' controlling future price action? Just curious. Bob
Hej.
  • #8,663
  • Mar 25, 2009 11:46am Mar 25, 2009 11:46am
Quoting bizard
ok i m out now lol.
its imax?look nice
  • #8,664
  • Mar 25, 2009 11:49am Mar 25, 2009 11:49am
Quoting windelevel
Hello friends,

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

Lucky it was a Demo Account ... hehe
I took the same trade but early enough to take 20 pips and get out. I tend to trade more conservatively so this time it paid off. Another strategy is taking partial profit at a psych level, in this case xx50, then stops to BE and wait it out.
  • #8,665
  • Mar 25, 2009 11:52am Mar 25, 2009 11:52am
Quoting windelevel
Hello friends,
Now I know how a news can ruin an entire trader....
Luckily I'm on a right side when that thing happened. Just close my trade with +40 pips more. But I count it as a luck. I won't that lucky next time.

Usually few minutes before news come, I'll close all of my short term trade or put my SL. But even with SL, you still have slippage potential loss when price jump like crazy rabit. So, it is wise to stay out during the news time.

Windlevel, I'm just curious where did you put your SL? Doesn't see it on your pic. Thanks.
Manage your risk accordingly and you're half done your home work.
  • #8,666
  • Mar 25, 2009 12:02pm Mar 25, 2009 12:02pm
Quoting TradeWell
I took the same trade but early enough to take 20 pips and get out. I tend to trade more conservatively so this time it paid off. Another strategy is taking partial profit at a psych level, in this case xx50, then stops to BE and wait it out.

Hello..
I should have left with some profit or at least with 0 pips ... I do not close the order because he was confident that would soon appear in another sign of sale. And I forgot the news... hehe
I am Brazilian and I never give up!
  • #8,667
  • Mar 25, 2009 12:06pm Mar 25, 2009 12:06pm
Quoting personalme
Luckily I'm on a right side when that thing happened. Just close my trade with +40 pips more. But I count it as a luck. I won't that lucky next time.

Usually few minutes before news come, I'll close all of my short term trade or put my SL. But even with SL, you still have slippage potential loss when price jump like crazy rabit. So, it is wise to stay out during the news time.

Windlevel, I'm just curious where did you put your SL? Doesn't see it on your pic. Thanks.


Hi,
Yes, I would be leaving right before the news, but I just forgot that would be news soon... But never will happen again ... hehehehe

I put in the SL 1.3533

Thx
I am Brazilian and I never give up!
  • #8,668
  • Mar 25, 2009 12:11pm Mar 25, 2009 12:11pm
Jeff,

Thanks for the answer.

Regards,
  • #8,669
  • Mar 25, 2009 12:12pm Mar 25, 2009 12:12pm
Hi Stitch961:

Yes, it wasn't a mistype. We as traders follow the price actions and the future course of price gyrations will be contained by the median lines of the forks. The median lines are not trend lines; these are lines of vibrations that prices have the tendency to attract to them. Of course, when prices finally break out of a fork; it's a strong signal to trade in the direction of the break out; and eventually a new fork can be drawn to 'contain' the new trend in question. Take care.

Have a good one
Jeff

Quoting Stitch961
Jeff, like your stuff but, did you actually mean this about ''forks'' controlling future price action? Just curious. Bob
~*~You are only one trade away from humility~*~
  • #8,670
  • Mar 25, 2009 12:17pm Mar 25, 2009 12:17pm
You're Welcome

Quoting boerseun
Jeff,

Thanks for the answer.

Regards,
~*~You are only one trade away from humility~*~
  • #8,671
  • Mar 25, 2009 12:28pm Mar 25, 2009 12:28pm
Quoting jharteam
Hi Macman:

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

Have a good one
Jeff
Hi Jeff,
Have sent you a PM

Many thanks
  • #8,672
  • Mar 25, 2009 12:34pm Mar 25, 2009 12:34pm
Hi DC:

Noted. and have replied to you already....ie. if your FF email isn't shut off. Anyway, please bear with me a little. I need to do some search as well! Take care.

Have a good one
Jeff

Quoting macman
Hi Jeff,
Have sent you a PM

Many thanks
~*~You are only one trade away from humility~*~
  • #8,673
  • Mar 25, 2009 1:20pm Mar 25, 2009 1:20pm
Jeff,

Thanks for the great info on pitchforks. I never really payed much attention to them until now I thought maybe they were a little "hokey", I was wrong. I had some time to read over the zup indicator, gartley, and the pitchfork info today, since the news and all, tough trading day.

I drew these pitchforks a couple of hours ago or so on my M5 just to see how price action would behave. Pretty amazing, sometimes to the pip. I used the zup indicator to help me draw the two outside trendlines, then just split the middle, simple enough. I wanted to post my results to share with everyone. I took the price shannel off my chart as well, one less indicator.

McD

PS. took that bounce off of MR1 for a ride to get my demo account back to even for the day
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  • #8,674
  • Mar 25, 2009 1:31pm Mar 25, 2009 1:31pm
I just noticed
UsdChf might be having a strong move down in some time, maybe to 1.1000. That is what I'm seeing, on hourly all mtf's are red except 4h fast trix.

Good trading to all
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  • #8,675
  • Mar 25, 2009 2:42pm Mar 25, 2009 2:42pm
Quoting bart021
I just noticed
UsdChf might be having a strong move down in some time, maybe to 1.1000. That is what I'm seeing, on hourly all mtf's are red except 4h fast trix.

Good trading to all
Nice analisis Bart....
  • #8,676
  • Mar 25, 2009 4:32pm Mar 25, 2009 4:32pm
Tks Lenador, I'm not really good at it, but trying to spot larger trends.

It's fascinating how some people here on the thread and also here (http://www.forexfactory.com/showthread.php?t=154341)
are able to "see" the market using their knowledge and experience. That is my goal - to become a better trader and better understand what is going on.

We have a nice community here which help us all grow (especially beginners) and I'm thankful to everyone for that opportunity.
  • #8,677
  • Mar 25, 2009 10:27pm Mar 25, 2009 10:27pm
nice +40 Pips run on 5M MTF after break of MR1 and TP on touch of DP.
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  • #8,678
  • Mar 26, 2009 12:46am Mar 26, 2009 12:46am
Quoting cobraforex
nice +40 Pips run on 5M MTF after break of MR1 and TP on touch of DP.
wow,is that result EA's trade?
  • #8,679
  • Mar 26, 2009 12:59am Mar 26, 2009 12:59am
Bhcgn i dont think its an EA doing the trade. In my opinion EA cant be that smart. It's Cobra doing his magic//


Quoting bhcgn
wow,is that result EA's trade?
Yea it's Life//
  • #8,680
  • Mar 26, 2009 1:22am Mar 26, 2009 1:22am
The volatility is drying now. I'm just nodded up and down following my EJ chart
Manage your risk accordingly and you're half done your home work.
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