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THV system, final edition

  • #10,081
  • Apr 29, 2009 9:52am Apr 29, 2009 9:52am
ya gotted thanks
  • #10,082
  • Apr 29, 2009 9:54am Apr 29, 2009 9:54am
Quoting caveman
Here it is. The trade management EA that Cobra announced.

THV CaveManager v1.1

...
Great work, CaveMan!!!

testing ur MM few weeks, just great, thanks a lot for sharing!!!

Can u add please something like managing order by magic number, for example?
I use locks of buy and sell at the same time, so it would be very handy.
Searching for inside balance.
  • #10,083
  • Apr 29, 2009 10:12am Apr 29, 2009 10:12am
windlevel how to use your templates ? and find trend ?
  • #10,084
  • Apr 29, 2009 10:37am Apr 29, 2009 10:37am
Just wanted to say thanks for the indicators Cobra. I have been trading now over 9 years and full-time about 5 and just got into trend trading about 3 years ago. This setup is great and helps filter out the other crap. Add in S/R and reading candle's and I am hitting 80%+ winners. I like the 5min and 1hr best for me.
Keep taking CT trades, I need more money
  • #10,085
  • Apr 29, 2009 10:44am Apr 29, 2009 10:44am
Would anyone have entered at the red line in the attached?

My thought is that its bouncing along the MR2 and MTF indicator is almost all green except for 1. However its been a while since TRIX has crossed. Do we only enter at the moment TRIX crosses?

Thanks!
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  • #10,086
  • Apr 29, 2009 10:46am Apr 29, 2009 10:46am
Quoting protyne
Would anyone have entered at the red line in the attached?

My thought is that its bouncing along the MR2 and MTF indicator is almost all green except for 1. However its been a while since TRIX has crossed. Do we only enter at the moment TRIX crosses?

Thanks!

I took that long and closed it for +30 right at resistance. But I risk 2% per trade so the pip's really do not matter it's all about the % for me.
Keep taking CT trades, I need more money
  • #10,087
  • Apr 29, 2009 10:53am Apr 29, 2009 10:53am
Quoting cobraforex
This is the typical newbee career, I and most others have done so (At least in parts) and many others will do so in the future. I never blowed an account because I filled it on time, lol.

The beginner time
Starting with a demo and buying when price goes up and selling when it’s going down. Everything fine that’s the way to do it, having monopoly money profit and opening a live account. I will be a Forex millionaire and I’m ready to make that pips.

The indicator time
Chart full of indicators, poor...

Wow, the above desbribes my forex journey down to a tee!!

chopping and changing systems / trying to change already good systems etc etc although I think the worst sin is buying ready made systems off ebay and equally, basing the opinions of others on your trading decisions (took me a long time to get to grips with that one!!)....

I struggled to come to terms with the discipline side of things ie STICKING TO THE RULES!!!! and that goes for any reasonable system that turns a profit. don't get me wrong, i'm still only just in the final stage of the above list by Cobra, but feel that I am at least on the right road now. nothing in this world (nothing worth while that is) comes easy and Forex is no exception. Although I do believe that constantly sticking to the rules of your system AND money management plan, no matter how many bad trades you have, will make this game easy and see you come out ahead in the long run - thats the power of positive expectation!!

to complete newbs I say there is more chance then not that you will get a good beating along the way to the final stage. its amazing how real losses makes you (unless you are a fool) start to see the light. ie understand what I (and cobra) have said above. I've always found the best way of learning is to throw yourself right into the mix of things!! learing on a demo account is ok but the best way IMO is to start with a micro account to at least ensure that you are giving your full undivided attention. learn a couple of indicators to begin with and keep it simple!! I overloaded my screen so badly at one time that i didn't know where I was lol!!!

anyway I seem to have gone on a bit here lol

just wanted to say that I like Cobras system (due to the simple rules) and thank him and the others for sharing.

all the best!!
Gaz
  • #10,088
  • Apr 29, 2009 11:16am Apr 29, 2009 11:16am
I'd like comments for this entry....
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  • #10,089
  • Apr 29, 2009 11:33am Apr 29, 2009 11:33am
Quoting Wlfx
I'd like comments for this entry....
It looks like a valid entry, but divergence trades against the major trend are more risky.
  • #10,090
  • Apr 29, 2009 11:44am Apr 29, 2009 11:44am
It does look like a valid entry, but as TradeWell stated, going against the major trend is often short lived.
  • #10,091
  • Edited 12:11pm Apr 29, 2009 11:46am | Edited 12:11pm
Quoting Wlfx
I'd like comments for this entry....
If you looked at that area on a higher TF candlestick chart [5M would have done it]


Having some volume indies on a chart would have shown that place where you took the divergence trade still has very high BUY volume-- and if you look at the volume for SELL on that bar prior to where you got in there's lack of interest [volume is under the line--showing no interest

Heiken Ashi candles are a system in and of itself, and are good to stay in the trade, but I find it a lot easier to trade without them.

To make things even more simplified, a MACD indicator [on my chart that I am posting] shows it's still in the BUY zone.
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  • #10,092
  • Apr 29, 2009 12:03pm Apr 29, 2009 12:03pm
Quoting TradeWell
It looks like a valid entry, but divergence trades against the major trend are more risky.
Hi TradeWell, but i do not get what you mean by saying "major trend". I was thinking another way... I always thought that having higher TF trix histo(above M30) will already show what is "major trend". This is why we are having 2-nd Trix histo, or i am wrong ? Other way why we need it ?Thank you.
  • #10,093
  • Apr 29, 2009 12:14pm Apr 29, 2009 12:14pm
previous candle was a doji--meaning indecision.

I know what is doji bar and seen dozens of them that they really do not help noway even at higher TF-s, IMO 5min doji would say nothing.

Having some volume indies on a chart would have shown that doji had a very high volume for SELL--which is always a caution at the beginning of a trend [even a divergence] and the 2nd bar [the entry you attempted for short] shows the volume for sell was 1/2 that of the doji--showing no interest.

How you determine those "High/Low Volume" ?

To make things even more simplified, a MACD indiator [on my chart that I am posting] shows it's still in the BUY zone.

IMO it is not related to MTF scalping rules...
  • #10,094
  • Apr 29, 2009 12:19pm Apr 29, 2009 12:19pm
Quoting Wlfx
previous candle was a doji--meaning indecision.

I know what is doji bar and seen dozens of them that they really do not help noway even at higher TF-s, IMO 5min doji would say nothing.

Having some volume indies on a chart would have shown that doji had a very high volume for SELL--which is always a caution at the beginning of a trend [even a divergence] and the 2nd bar [the entry you attempted for short] shows the volume for sell was 1/2 that of the doji--showing no interest.

How you determine those "High/Low...

Taken from the very 1st page of the thread

This system don’t show the shadows of the HA candles, how I can make to show them up?

A: It is recommended to have a separate chart with real candlesticks on 4 different TF’s open to take additional trading decisions, the shadows in the THV are not shown for better overview, if you insist, you can go to the HA properties and color the 1 and 2 settings.


What else I should be aware of trading THV?

A: All systems need good basic knowledge of FX, a system is like the hammer for a carpenter, if he doesn’t use it well he will always have bloody fingers. I recommend visiting the web page from acumen, he is a experienced trader and teaches Pivots, R&S and psych levels, a good page to get better trading skills.

What is the trading direction to avoid counter trend trades?

A: The trading trend depends on the TF you are working with, in a 4H downtrend you find a lot of up and down trends in smaller TF’s. you should look to 15M and 1H if you trade the 5M to definite the trade direction.
  • #10,095
  • Apr 29, 2009 12:25pm Apr 29, 2009 12:25pm
Which one is major trendline ? My entry is under break of trendline.
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  • #10,096
  • Apr 29, 2009 12:45pm Apr 29, 2009 12:45pm
Quoting alsmith
Taken from the very 1st page of the thread

This system don’t show the shadows of the HA candles, how I can make to show them up?

A: It is recommended to have a separate chart with real candlesticks on 4 different TF’s open to take additional trading decisions, the shadows in the THV are not shown for better overview, if you insist, you can go to the HA properties and color the 1 and 2 settings.


What else I should be aware of trading THV?

A: All systems need good basic knowledge of FX, a system...

You must know something.... Please do not give me such a STANDARD explanation.... You must know , i must know, S/R, psych etc etc bla bla... I already had this school in past...Or you think that if i had too less posts, though i am a newbie that didn't have this basic knowledge ?

I post this entry because of. It meets the rules of MTF scalping. I already have an analyze chart....You can see my previous post...I just wondering when sometimes i see how PA nevermind(passes) these ...pivots, fibos and etc.
  • #10,097
  • Apr 29, 2009 12:47pm Apr 29, 2009 12:47pm

Hello Friends,

I have an important question ... I was following the THV in two different brokers, and noticed that there is a large difference of signals from one broker to another ...

Who knows what is happening?

Note the lines in blue ... In point Yellow has no signal ... In point Purple has signal.

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I am Brazilian and I never give up!
  • #10,098
  • Apr 29, 2009 12:53pm Apr 29, 2009 12:53pm
Quoting windelevel

Hello Friends,



I have an important question ... I was following the THV in two different brokers, and noticed that there is a large difference of signals from one broker to another ...


Who knows what is happening?


Note the lines in blue ... In point Yellow has no signal ... In point Purple has signal.


Attachment Attachment


They will all look a little different, I just trade the chart I watch most. If you want good data don't use the free ones use tradestation or CQG.
Keep taking CT trades, I need more money
  • #10,099
  • Apr 29, 2009 12:57pm Apr 29, 2009 12:57pm
Quoting Wlfx
You must know something.... Please do not give me such a STANDARD explanation.... You must know , i must know, S/R, psych etc etc bla bla... I already had this school in past...Or you think that if i had too less posts, though i am a newbie that didn't have this basic knowledge ?

I post this entry because of. It meets the rules of MTF scalping. I already have an analyze chart....You can see my previous post...I just wondering when sometimes i see how PA nevermind(passes) these ...pivots, fibos and etc.

I am only trying to help.

I am humbled to be in the presence of someone who knows so much about Forex.

Welcome to the THV thread.

THV is not the Holy Grail of scalping-- although it comes darn close.

If you look back at your chart now [refresh your charts you took that trade from] you'll see that the MTF histo bars repaint.

It has been said time and time again to have a higher TF chart open [with THV template for that timeframe] to reference an entry on 1M TF.

THV is not supposed to be a "pull the trigger" system w/o all the facts lined up.

So, with that being said, I wish you well in your future trades.
  • #10,100
  • Apr 29, 2009 12:59pm Apr 29, 2009 12:59pm
Hello windewell which timeframe you using ??
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