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THV system, final edition

  • #11,101
  • Jun 2, 2009 1:46pm Jun 2, 2009 1:46pm
Major Resistance or Pivot zone at about this area and serious divergence on the daily....


I might go short with a nano-nano lot on the daily chart...

Any thought?
Attached Image (click to enlarge)
Click to Enlarge Name: thv mtf 1012.gif Size: 48 KB
Deprive a man of everything and you give him nothing to lose.
  • #11,102
  • Jun 2, 2009 2:27pm Jun 2, 2009 2:27pm
Quoting cashmeer
Major Resistance or Pivot zone at about this area and serious divergence on the daily....


I might go short with a nano-nano lot on the daily chart...

Any thought?

i think that too... but it will be better to entry under 43... i think that the minimum retracment is 37... and the cross have to retrace! me too noticed the bearish div... good luck
  • #11,103
  • Jun 2, 2009 2:38pm Jun 2, 2009 2:38pm
Quoting cashmeer
Major Resistance or Pivot zone at about this area and serious divergence on the daily....

I might go short with a nano-nano lot on the daily chart...

Any thought?
?...hmmm, nano-nano...?
Is that ten pips per penny?
Listen to the whispers.... You may learn something
  • #11,104
  • Jun 2, 2009 2:47pm Jun 2, 2009 2:47pm
Quoting pattinatore
yes thv members, icluding you, tells me the secret, keep it simple
and so i have 50% of my position with a tp and the rest with another not 30% and 25 and 25 and 20% but i need something else.. i would like this.. no loss after 6 pips, after 10 pips lock 8 pips, and after 20 go with 2 pips trail stop... i think this would be the best...
however i trade the 5' chart, 1 minute only for take the perfect trade.. but almost ever on 5' signal
pattinatore,
If you lock in 8 pips as soon as you have 10 pips, and/or trail a 20 pip target with a 2 pip stop loss...
You just as well exit at the 10 pip level and/or the 20 pip level.
The market is going to have to be making a very strong move to be able to use a 2 pip stop...it's almost certain that it's going to retrace a couple of pips and take you out, even in a strong move.
Listen to the whispers.... You may learn something
  • #11,105
  • Jun 2, 2009 2:51pm Jun 2, 2009 2:51pm
Quoting Scrutch
?...hmmm, nano-nano...?
Is that ten pips per penny?
Yeah, that's about the risk I could afford on the daily...

you remember Mork and Mindy? Nano-Nano??

Attached Image




That was some of the cheeziest $hit I can remember!
Deprive a man of everything and you give him nothing to lose.
  • #11,106
  • Jun 2, 2009 2:53pm Jun 2, 2009 2:53pm
Quoting Scrutch
pattinatore,
If you lock in 8 pips as soon as you have 10 pips, and/or trail a 20 pip target with a 2 pip stop loss...
You just as well exit at the 10 pip level and/or the 20 pip level.
The market is going to have to be making a very strong move to be able to use a 2 pip stop...it's almost certain that it's going to retrace a couple of pips and take you out, even in a strong move.
it's a way for don't use a tp and let the profit run if is the case..
  • #11,107
  • Jun 2, 2009 2:54pm Jun 2, 2009 2:54pm
Quoting cashmeer
you remember Mork and Mindy? Nano-Nano??
Nanu-Nanu
Up or down, gimme a ticket
  • #11,108
  • Jun 2, 2009 3:03pm Jun 2, 2009 3:03pm
Quoting cashmeer
Yeah, that's about the risk I could afford on the daily...

you remember Mork and Mindy? Nano-Nano??

Attachment
That was some of the cheeziest $hit I can remember!
Yeah, I thought of that when I posted...could remember 'Robin W.' but could not drag the name of the show from within my gray matter.
Well, trading a n~n on the daily you could risk several hundred pips, only need thirty cents to cover a hundred pips...course the reward would be calculated the same way.
Listen to the whispers.... You may learn something
  • #11,109
  • Jun 2, 2009 3:05pm Jun 2, 2009 3:05pm
Quoting pattinatore
it's a way for don't use a tp and let the profit run if is the case..
All I'm saying is...trailing with a 2 pip stop is just about a sure exit.
Listen to the whispers.... You may learn something
  • #11,110
  • Jun 2, 2009 3:07pm Jun 2, 2009 3:07pm
Quoting SpecialEd
Nanu-Nanu
...Yeah, you're spot on...
Listen to the whispers.... You may learn something
  • #11,111
  • Jun 2, 2009 3:08pm Jun 2, 2009 3:08pm
Quoting Scrutch
...Yeah, you're spot on...
I'm good with worthless information, but not trading lately. Got caught up in the trend - because I violated my own rules!
Up or down, gimme a ticket
  • #11,112
  • Jun 2, 2009 3:19pm Jun 2, 2009 3:19pm
Quoting SpecialEd
I'm good with worthless information, but not trading lately. Got caught up in the trend - because I violated my own rules!
At times we are our own worst enemy...I'm trying to get a grip on the EJ and have to keep telling myself (got a post-it on one of my monitors) that the trend is UP. Trade the long side but only scalp the short side.
I'm sure we all violate our rules from time to time, the real trick is to recognize it for what it really means and quit doing that, at least until next time.
Listen to the whispers.... You may learn something
  • #11,113
  • Jun 2, 2009 4:03pm Jun 2, 2009 4:03pm
Quoting Scrutch
At times we are our own worst enemy...I'm trying to get a grip on the EJ and have to keep telling myself (got a post-it on one of my monitors) that the trend is UP. Trade the long side but only scalp the short side.
I'm sure we all violate our rules from time to time, the real trick is to recognize it for what it really means and quit doing that, at least until next time.
Couldn't agree with you more.
Up or down, gimme a ticket
  • #11,114
  • Edited 5:17pm Jun 2, 2009 5:04pm | Edited 5:17pm
Quoting pattinatore
yes i'm using it! but i need two things.. one that like after 10 pips it starts a 2 pips trailng stop.. and that no loss afetr x pips, a would like an option like 'lock pips'... i don't use pivot for take profit.. do you use them?
hi, man
i think i could add it to the code if CaveMan don't mind it...
there is a newer version of CaveManager - it is 1.2
check it on the Cobra's forum

and yes, i found pivot levels very useful, and the tzPivot indicator IMHO is the most precise indie i ever seen.
the PA does respect those levels a lot.
i use partial take profit on pivots, works just great.

Quote
grat linux.. i'm using a mac.. with a virtual machine

i like linux very much - since i switched to linux i forgot all the $hit about viruses, antiviruses, spyware, antispyware...
windows is more for ppl who like gaming i think.

regards
Searching for inside balance.
  • #11,115
  • Jun 2, 2009 7:52pm Jun 2, 2009 7:52pm
Quoting Flamenkito
hi, man
i think i could add it to the code if CaveMan don't mind it...
there is a newer version of CaveManager - it is 1.2
check it on the Cobra's forum
regards
Hi Flamenkito,

I'd rather you not do that else we will end up with too many variations of the original. There will be a v1.3 to be release soon with advance trailing by percentage of floating pips and dynamic preceding TP where TP moves together with trailing stop to lock in more profits.

It will also be compiled for MT4 v223 and above. Currently, it crashes v223 and v224 because MetaQuote changed the ex4 format from v220.

Hi Pattinatore,

Your request of locking in 8 pips when 10 pips is reached is not practical. That function is really to prevent losses once minimum pips is reached. It is not meant to lock profit. The 2 pips is really just a buffer if the market moves too fast against your position. To lock profit, you should be using the other options of taking profits either by batches or via Pivot Levels.

You also said something about a 2 pips trailing stop in another post. Again, it is too small a trailing stop to be practical. It will get stop out 99% of the time.

Play with the settings in THV CaveManager. It will allow you many different variations.

Cheers,
CaveMan
  • #11,116
  • Edited 8:25pm Jun 2, 2009 7:58pm | Edited 8:25pm
Hi dear cobras,

want to share my last trade +48 pips

1st image
mini-analysis made on M5 - PA broke triangle support line, seems to be going in WEEKLY R1 direction

2nd image
on M2 PA below the cloud, below coral, trend indie red

3rd image
confirming on M5 the same situation

4th image
trade was monitored with CaveManager, partial close on +10, +20 and MR1 levels

5th image
mini-analysis on M5 - PA bounced off weekly R1

manually closed at weekly R1
+48 pips

is it correct???

dear CaveMan, could you add some extern variables more in CaveManager?

a price for take profit not in pips BUT in case of touching exact price, like in my case weekly R1

thanks a lot
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 01_eurjpy_analyse_M5.gif Size: 30 KB
Click to Enlarge Name: 02_eurjpy_open_M2.gif Size: 32 KB
Click to Enlarge Name: 03_eurjpy_open_m5.gif Size: 34 KB
Click to Enlarge Name: 05_eurjpy_2nd_and_3rd_take_profit.gif Size: 37 KB
Click to Enlarge Name: 06_eurjpy_analyse_m5_bounce.gif Size: 31 KB
Searching for inside balance.
  • #11,117
  • Jun 2, 2009 8:18pm Jun 2, 2009 8:18pm
dear MissPips,

indie Ichimoku Cloud Histo doesn't work properly on custom TF like M2 and so on

http://www.forexfactory.com/attachme...1&d=1243991109

suppose it is because of TF recognition in the code
Inserted Code
   switch(Period())  
      { 
         case 1:  
            Period_1=5; Period_2=5; Period_3=15; Period_4=15; 
            break; 
         case 5:  
            Period_1=15; Period_2=15; Period_3=30; Period_4=30; 
            break; 
      ...
i don't have source, could you kindly programm it for custom TF
for example using some kind of function if it is possible

Inserted Code
int period_1(int time_frame) {
    int factor = ... ;   
    int result = time_frame * factor;

    ...
thank you in advance
Attached Image
Searching for inside balance.
  • #11,118
  • Jun 2, 2009 9:01pm Jun 2, 2009 9:01pm
Quoting Scrutch
All I'm saying is...trailing with a 2 pip stop is just about a sure exit.
lol for sure.
What I do: on any time frame set stop loss to just below previous HA candle until at BE level i.e. if you have a recent trix cross.
  • #11,119
  • Jun 2, 2009 9:09pm Jun 2, 2009 9:09pm
Quoting Flamenkito
dear CaveMan, could you add some extern variables more in CaveManager?

a price for take profit not in pips BUT in case of touching exact price, like in my case weekly R1
I am afraid you will have to monitor and do partial close manually on this one. Adding in some externs will not help in this case. The entire weekly pivot logic has to be included and handling logic coded. Weekly pivot levels are not part of the THV system but it is definitely good practice to be aware of them.

Cheers,
CaveMan
  • #11,120
  • Jun 2, 2009 9:10pm Jun 2, 2009 9:10pm
Quoting poki
lol for sure.
What I do: on any time frame set stop loss to just below previous HA candle until at BE level i.e. if you have a recent trix cross.
will test thanks
nice feature for cavemanager, floating SL...
Searching for inside balance.
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