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THV system, final edition

  • #9,741
  • Apr 17, 2009 1:32pm Apr 17, 2009 1:32pm
Quoting karun
The problem is I havent got stopped out yet, I think I dont give enough room for the trade to breath, afraid of the loss (typical newbie thoughts). When I start to see a retracement I close at BE or with little profit.

TP, well that is a tough one to crack. Still trying to work it out. I think my main problem is not clearly defining what TF I want to trade. When I figure that out, things should fall in place.

Apologies for the completely offtopic discussion here.
Yep, sounds familiar, but actually the TF does not matter that much. If you are trading M1 your TP and SL will be smaller, the pip distance you travel will be shorter and everything will happen faster - this is harder but also the fastest way to learn - if you can be profitable on M1 any other TF is much easier.

Now to concrete idea. Why not decide to trade the M5 TF which is hard enough to begin with and then spend the weekend in the simulator watching how M5 works?

As to TP points, aim at the next pivot - but don't cheat in the simulator - decide which way is PA going to go and stick with your decision.

You will get there if you put the time in.

Best of luck
  • #9,742
  • Apr 17, 2009 1:38pm Apr 17, 2009 1:38pm

Thank you for your explanation ...
Now I understand better the system ...

THV Team is golden...

I am Brazilian and I never give up!
  • #9,743
  • Apr 17, 2009 2:17pm Apr 17, 2009 2:17pm
Have a great weekend everybody!
  • #9,744
  • Apr 17, 2009 2:24pm Apr 17, 2009 2:24pm
All positions closed. Everyone have a great weekend. I wonder if we open Sunday to a gap down???


McD
  • #9,745
  • Apr 17, 2009 2:32pm Apr 17, 2009 2:32pm
And I forgot to say that for a divergence trade, the divergence itself counts for 4 of the points, and you only need the 1m fast as one of the points. The other point from the histos can be from any row - doesn't have to be the 5m f.

Have a good weekend, all!

Quoting jharteam
Ok , everything is clear now, thanks for the clarifications, MissPips.

Have a good one
Jeff
  • #9,746
  • Apr 17, 2009 2:41pm Apr 17, 2009 2:41pm
Oh yeah, that's right. forgotten about the divergence play requirements as well.. Thanks for the reminder. Take care.

Edited: IOWs, this would've been a good short with all rules being fulfilled.

1) 4 reds with 1 red on 1minFast
2) Price actions below Cloud

Thanks MissPips

Have a good one
Jeff


Quoting MissPips
And I forgot to say that for a divergence trade, the divergence itself counts for 4 of the points, and you only need the 1m fast as one of the points. The other point from the histos can be from any row - doesn't have to be the 5m f.

Have a good weekend, all!
Attached Image (click to enlarge)
Click to Enlarge Name: EUR MTF THV 04172009 (i).jpg Size: 300 KB
~*~You are only one trade away from humility~*~
  • #9,747
  • Apr 17, 2009 2:44pm Apr 17, 2009 2:44pm
Some Gartley porn for Jeff on the USDCHF. Keep an eye out to short it soon if this thing holds, especially a pullback in the EU.

Thats all, cya Monday.

McD
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF 4172009.gif Size: 46 KB
  • #9,748
  • Apr 17, 2009 2:51pm Apr 17, 2009 2:51pm
Hehe, thoroughly enjoyed your butterflies and Gartleys. Good to see that you have become the 'insects keepers'

Have a good one
Jeff


Quoting DrMcDDC
Some Gartley porn for Jeff on the USDCHF. Keep an eye out to short it soon if this thing holds, especially a pullback in the EU.

Thats all, cya Monday.

McD
~*~You are only one trade away from humility~*~
  • #9,749
  • Apr 17, 2009 3:50pm Apr 17, 2009 3:50pm
Quoting DrMcDDC
Some Gartley porn for Jeff on the USDCHF. Keep an eye out to short it soon if this thing holds, especially a pullback in the EU.

Thats all, cya Monday.

McD
With that beautiful weekend butterfly, why not a gap up for E/U

Happy weekend
  • #9,750
  • Apr 17, 2009 4:56pm Apr 17, 2009 4:56pm
Hello people,

I see a strong channel in 60min TF in E / U. ..

Will we have a beginning of the week with a strong high?

Well the weekend to all

Attached Image (click to enlarge)
Click to Enlarge Name: EU.jpg Size: 412 KB
I am Brazilian and I never give up!
  • #9,751
  • Apr 17, 2009 5:42pm Apr 17, 2009 5:42pm
Quoting windelevel
Hello people,

I see a strong channel in 60min TF in E / U. ..

Will we have a beginning of the week with a strong high?

Well the weekend to all

Attachment
i think about strong low.. dji in strong bear divergence with momentum.. citigroup and other finacials have got many problem.. i think will be bad week for euro
  • #9,752
  • Apr 17, 2009 5:50pm Apr 17, 2009 5:50pm
Quoting pattinatore
i think about strong low.. dji in strong bear divergence with momentum.. citigroup and other finacials have got many problem.. i think will be bad week for euro
stochastic is under 3, she will rise next week
  • #9,753
  • Apr 18, 2009 9:30am Apr 18, 2009 9:30am

happy weekend all trader. anyway what are you people doing during weekend? my activity is reading this thread from the beginning and it took long time to read all. anyway i feel excited reading .

  • #9,754
  • Apr 18, 2009 9:46am Apr 18, 2009 9:46am
Have a wonderful weekend all.. many relaxing hours before the "gap" Sunday evening..lol..Enjoy!!
  • #9,755
  • Apr 18, 2009 12:28pm Apr 18, 2009 12:28pm
Quoting DrMcDDC
All positions closed.

I wonder if we open Sunday to a gap down???

McD
Still missing more than 24 hours till open but looks like you're right.

500 pips gap till now
Attached Image
  • #9,756
  • Apr 18, 2009 12:32pm Apr 18, 2009 12:32pm
Big moves monday...

I think that try to follow theire with small SL and big TP can be interesting to the beggin of the next week.

Why this huge gap? only because they are so many speaks today?
  • #9,757
  • Apr 18, 2009 12:43pm Apr 18, 2009 12:43pm
Yep, it's the speeches, but don't give tooooo much on those datas, tenfore.com sucked a lot in the past.
  • #9,758
  • Apr 18, 2009 12:56pm Apr 18, 2009 12:56pm
Quoting pattinatore
i think about strong low.. dji in strong bear divergence with momentum.. citigroup and other finacials have got many problem.. i think will be bad week for euro
i tought this was right
but for my roules i closed my short on friday eavening.. i had to remane in the trade ;/
  • #9,759
  • Apr 18, 2009 2:49pm Apr 18, 2009 2:49pm
Quoting aserbfx
which settings do you use for M5-charts? will the entry rules be the same?

i don't like the M1. too much noise.

thanks
can someone give an advice concerning the M5 setup?

thank you
meine augen sind die sterne
  • #9,760
  • Apr 18, 2009 9:33pm Apr 18, 2009 9:33pm
Quoting cobraforex
Yep, it's the speeches, but don't give tooooo much on those datas, tenfore.com sucked a lot in the past.
there is no a gap down
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