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THV system, final edition

  • #11,701
  • Jun 29, 2009 1:03pm Jun 29, 2009 1:03pm
Quoting MissPips
When I tested it and as I trade it I use divergence so I can't imagine trading without it. Part of the rules say to not trade against divergence, and also I find that if you take the divergence trades, especially the ones going with the higher tf trend, it gets you in on the right side sooner. So, for example, you might miss a regular 6 light trade that turned out bad because you were already in a divergence trade. (That having been said, not all divergence trades are equal. The ones bouncing off something sturdy in the direction of the main trend...
Thank you for your reply, could I please ask you to post the Trader Dyn. Index file here?

Just took another trade 5 minutes ago and it fits perfectly what you just sad (PA bouncing off something sturdy).
Trade was good for 10-15 pipts
Attached Image (click to enlarge)
Click to Enlarge Name: 6-29-2009 1-57-37 PM.jpg Size: 135 KB
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  • #11,702
  • Jun 29, 2009 2:21pm Jun 29, 2009 2:21pm
I mean that I don't usually draw slanting trendlines on the 1 m chart to decide whether to trade. I do look for big patterns like triangles on the larger timeframes before I trade. For example if I get a long signal on the 1m tf and I see on the 4 hour tf that PA is about to hit the side of a tested triangle then I will pass on the trade until I see if it breaks or bounces. Or if it's bouncing off the side of a triangle on the 4 hour chart with divergence on the 1 m chart, then I'm happy with the trade. But on the 1 m I focus more on the horizontal lines like pivots, which are good across all timeframes and I don't draw angled trendlines. Not that that isn't a valid way to trade - I just don't do it much.

Quoting yab
can U please explain that ?
thanks in advanced
  • #11,703
  • Jun 29, 2009 2:24pm Jun 29, 2009 2:24pm
No but if you PM me your email address I will send it to you. You can also get it from Dean Malone at Compassfx (he developed it and he has a lot of videos about it) but I made an improved version that shows the slant of the market baseline in color. I use it to make sure that both it and the trix are showing divergence before count on it in trading.

Quoting Cencored
Thank you for your reply, could I please ask you to post the Trader Dyn. Index file here?

Just took another trade 5 minutes ago and it fits perfectly what you just sad (PA bouncing off something sturdy).
Trade was good for 10-15 pipts
  • #11,704
  • Jun 29, 2009 2:50pm Jun 29, 2009 2:50pm
I blew three accts ( $5000 each ) experimenting and learning to use THV and discovering my trading personallity. I have setteled, at least as of now on trading the 4H TF. Though still ,on occassions I deviate from my trade plan ( and have it come to bite me ) this past month is has been mainly the 4H TF.
Upon analysis my results have been 78% winners and 23 % loosers from a total of 66 trades. I am sure that if I had viewed each trade slightly differently that I might have been able to avoid some loosing trades.
I try to keep my trading very simple. I user only the MTF lights from 1M to 4H with using 1M for entry to gain a few pips advantage and HA bar action. I use either previous bar open as S/L or entry bar dependant upon bar size -not ideal and area of weakness. My TP is a set number of pips away --again not ideal. I need to find a way to improve upon both. So till then I keep my trading ultra conservative.
I enter a trade then go away, recheck 8+ hours later. Not for me sitting in front of the screen. Tried that and my constant second guessing resulted in disaster. This month has been profitable. Question is am I doing things correctly. What is the attainable w/l % for this system ? Would appreciate stats. from others as this would tell me how much more I have to improve.
Thanks for any and all inputs.
  • #11,705
  • Jun 29, 2009 3:26pm Jun 29, 2009 3:26pm
Quoting Nagpada
....What is the attainable w/l % for this system ? ....
I think that it is impossible to know that without backtesting or forward testing. Anecdotal evidence indicates around a two-thirds (66%) win rate is common for successful traders.

I am also working on a H4 trading plan. It is a slow process due to the sparse opportunities. Like me, you will have to be patient to discover what will work for you. I am still not sure, but typical THV indicators (cloud, trix, etc.) are part of my plan in development.
  • #11,706
  • Jun 29, 2009 3:40pm Jun 29, 2009 3:40pm
A little better than 2/3 on the 1 m if you are a bit picky about taking only good trades (i.e don't trade against divergence, dont trade when the 1 m slow trix is going strongly against you, do trade when you have multiple convergence of reasons like PA divergence bouncing off pivot and coral)

Quoting TradeWell
I think that it is impossible to know that without backtesting or forward testing. Anecdotal evidence indicates around a two-thirds (66%) win rate is common for successful traders.

I am also working on a H4 trading plan. It is a slow process due to the sparse opportunities. Like me, you will have to be patient to discover what will work for you. I am still not sure, but typical THV indicators (cloud, trix, etc.) are part of my plan in development.
  • #11,707
  • Jun 29, 2009 6:59pm Jun 29, 2009 6:59pm
Nagpada,

Unless you are trading mini or micro accounts, you are under capitalized to trade on the 4H with just $5000 accounts.

Back to your question of win/lose ratio. If you are actually achieving 78% win, they are very good results. Slap on money management and you should be on the way to becoming a profitable trader.

Cheers,
CaveMan

Quoting Nagpada
I blew three accts ( $5000 each ) experimenting and learning to use THV and discovering my trading personallity. I have setteled, at least as of now on trading the 4H TF.........
Upon analysis my results have been 78% winners and 23 % loosers from a total of 66 trades.
  • #11,708
  • Jun 30, 2009 1:01am Jun 30, 2009 1:01am
Quoting caveman
Nagpada,

Unless you are trading mini or micro accounts, you are under capitalized to trade on the 4H with just $5000 accounts.

Back to your question of win/lose ratio. If you are actually achieving 78% win, they are very good results. Slap on money management and you should be on the way to becoming a profitable trader.

Cheers,
CaveMan
I started of the month by trading .05 lot, then moved to .1 then .2 and now .4. have made just over 3K this month. Will keep on honing my " skills " and knowledge hoping to get better. I very much appreciate everyone's input. Thank you all.
  • #11,709
  • Jun 30, 2009 7:53am Jun 30, 2009 7:53am

Hello,
Congratulations for the results ...

You could post pictures here of some trade you made?
Thanks


Quoting Nagpada
I blew three accts ( $5000 each ) experimenting and learning to use THV and discovering my trading personallity. I have setteled, at least as of now on trading the 4H TF. Though still ,on occassions I deviate from my trade plan ( and have it come to bite me ) this past month is has been mainly the 4H TF.
Upon analysis my results have been 78% winners and 23 % loosers from a total of 66 trades. I am sure that if I had viewed each trade slightly differently that I might have been able to avoid some loosing trades.
I try to keep my trading very simple....
I am Brazilian and I never give up!
  • #11,710
  • Jun 30, 2009 9:54am Jun 30, 2009 9:54am
[quote=Nagpada;2837520]I blew three accts ( $5000 each ) quote]

This is how i closed this month. If do not count my trades from 1-10(had connection problems), i do x20 my $5 account . Two more months with this result and it's done...Well statment tells everything...Will see how far i can go with this. And yes i do not care how much i have deposited, i think that if i am right i will go much higher...
Attached Image (click to enlarge)
Click to Enlarge Name: statment.jpg Size: 167 KB
  • #11,711
  • Jun 30, 2009 1:07pm Jun 30, 2009 1:07pm
Wow, that's what I call growing an account, you made about 1500% if I'm not too wrong

Congrats

If you do that constantly you can soon hire Warren Buffet as one of your staffs, lol.

Quoting Wlfx

This is how i closed this month. If do not count my trades from 1-10(had connection problems), i do x20 my $5 account . Two more months with this result and it's done...Well statment tells everything...Will see how far i can go with this. And yes i do not care how much i have deposited, i think that if i am right i will go much higher...
  • #11,712
  • Jun 30, 2009 1:21pm Jun 30, 2009 1:21pm
Quoting cobraforex
Wow, that's what I call growing an account, you made about 1500% if I'm not too wrong

Congrats

If you do that constantly you can soon hire Warren Buffet as one of your staffs, lol.
Thank you Cobra, give me more 2 months and i'll come back with statments.
  • #11,713
  • Jun 30, 2009 1:24pm Jun 30, 2009 1:24pm
Can't await the statement for July, good luck, you've done a real good job even if it's a hiper micro account but it's real money and no demo.

You are giving a good example how to start trading, I feel often so sorry for the folks that begin to trade and blow one 1K account after the other, the way you do it is perfect because you get customed to real trades.


Quoting Wlfx
Thank you Cobra, give me more 2 months and i'll come back with statments.
  • #11,714
  • Jun 30, 2009 1:52pm Jun 30, 2009 1:52pm
Quoting cobraforex
Can't await the statement for July, good luck, you've done a real good job even if it's a hiper micro account but it's real money and no demo.

You are giving a good example how to start trading, I feel often so sorry for the folks that begin to trade and blow one 1K account after the other, the way you do it is perfect because you get customed to real trades.
Thanks. I just want to add that if i reach a "certain amount" i am planing to add more "Secure" MM to trade more comfortable.
  • #11,715
  • Jun 30, 2009 3:53pm Jun 30, 2009 3:53pm
Quoting Wlfx
Thanks. I just want to add that if i reach a "certain amount" i am planing to add more "Secure" MM to trade more comfortable.
Would you mind sharing your technique, do you trade Miss Pips MTF system on 1m charts? Would like to see some of your trades.
Thanks
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  • #11,716
  • Jun 30, 2009 6:44pm Jun 30, 2009 6:44pm
hi guys this system rocks . i have a question there are anybody spanish speaker in the forum?? i have a question about THV but my english is very bad and i canīt speak properly, so i hope anybody can help me bye guys and thx cobraforex for your help
  • #11,717
  • Jun 30, 2009 7:05pm Jun 30, 2009 7:05pm
Quoting jerito
hi guys this system rocks . i have a question there are anybody spanish speaker in the forum?? i have a question about THV but my english is very bad and i canīt speak properly, so i hope anybody can help me bye guys and thx cobraforex for your help
If I remember correctly there is a Spanish Forum. Keep checking in, as Cobra knows I think.
  • #11,718
  • Edited 9:11pm Jun 30, 2009 8:57pm | Edited 9:11pm
Hay un grupo de yahoo que se llama TraderForex, aca la direction de email: [email protected].

El grupo es liderado por Ruslander de Peru y es la Forex comunidad en espanol mas grande.

Tal vez haces un contacto.

Aca el manual que truducieron a espanol:

Quoting jerito
hi guys this system rocks . i have a question there are anybody spanish speaker in the forum?? i have a question about THV but my english is very bad and i canīt speak properly, so i hope anybody can help me bye guys and thx cobraforex for your help
Attached File(s)
File Type: pdf THV V3 Manual Espaņol.pdf   836 KB | 50,626 downloads
  • #11,719
  • Jul 1, 2009 4:19am Jul 1, 2009 4:19am
Quoting Cencored
Would you mind sharing your technique, do you trade Miss Pips MTF system on 1m charts? Would like to see some of your trades.
Thanks
Yes i trade 1min TF, but do not more use MTF Trix Histogram. I prefer to see higher TF Trix movement in its view(its more visaul IMO instead bar version). In some of MissPips posts i remember when i read there where sentence/phrase that "There is enough room for PA to breathe when M1 fast and M5 fast Trix are in agreement". This gives me a lot kinda feel of PA when i now look at charts. But that is not that i put my trades at what i feel or etc...When M5 fast Trix is starting change it's color for example if it was green and changed into red, it is signal for me that buys are weakening and correctional sell is starting. Then i am going into 1min TF and looking for me "valid" and fast entries. "Valid for me" explained: I am triggering my position when 1min Fast Trix change its colour under 0 line and go for 5-10pips based on ATR value, my SL most of time is 15pips. Sometimes i am widening it when i expect "bounce" or "reversal", but if not sure or notice reverse, i am living it to hit SL, because there is always another setup. Maybe you will wonder but most of time it is taking from me max 1-3 hours to reach my daily 20pips goal(i already done for today). I found that it is more effective when trades executed like FIFO(fast in fast out). Also i am drawing TL's on H1, H4 to see possible price movement and for bigger picture. Below are two trades from which i get only 7+7()14pips. Hope this helps.
Attached Image(s) (click to enlarge)
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  • #11,720
  • Jul 1, 2009 4:37am Jul 1, 2009 4:37am
Just entered a pretty good looking signal but it stopped me out. Still trying to figure out, why if anybody has an idea.
Chart attached. PA did not quite bounce off the Pivot just yet ( it did where I drew the 2nd vertical line), so I guess I should have waited for PA to actually hit the pivot? There was pretty good Div, which is why I entered.
Any ideas would be much appreciated, maybe we can all learn something.
Attached Image (click to enlarge)
Click to Enlarge Name: 7-1-2009 5-28-51 AM.jpg Size: 132 KB
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