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THV system, final edition

  • #11,761
  • Jul 1, 2009 4:12pm Jul 1, 2009 4:12pm
Quoting PipHopeful
Yep, I understand, you are to be commended. When I was 60 I could push a house over too. But after 20 years, open heart surgery that went wrong, three stomach operations, gall bladder surgery and 3 prostate procedures I find I can't do now what I could do at 60. Please look for a PM from me.
Trust me on this one.

Get into the thread, learn, practice, question and you will soon feel 20 years younger.

Maybe you can't physically push houses over any more but mentally you still can.

Enjoy and don't forget there is always someone here who will help/advise.
  • #11,762
  • Jul 1, 2009 4:18pm Jul 1, 2009 4:18pm
PH, in your case I offer you to email me whenever you have a question that needs quick respond, please use the email option in my profile for that.

I will come back to you as soon as my time allows me.

Before emailing please make a quick thread search on that theme.

Quoting PipHopeful
Yep, I understand, you are to be commended. When I was 60 I could push a house over too. But after 20 years, open heart surgery that went wrong, three stomach operations, gall bladder surgery and 3 prostate procedures I find I can't do now what I could do at 60. Please look for a PM from me.
  • #11,763
  • Jul 2, 2009 1:42am Jul 2, 2009 1:42am
Since on the last few pages the choice of TF's has been discussed, I myself am switching between 1m, 5m and 15m. Still have not found my most favorite one, although I have to say the 1m adds some stress due to so many candles/signals. Just picking the cherry signals can be time consuming and having a 12 hour day in front of the PC is certainly not a way for me to replace my 9-5 job. I guess experience will tell which TF to use and in fact it is a personal choice I guess. The 5m TF is a lot less stressful simply because it shows 5x less candles in a day. Therefore you get less signals.
Also percentage-wise, the spread is less important on a higher TF as you usually go for more pips and have larger stops.

Initally Cobra said that only experienced traders should use the 1m TF. And you may be better off starting with the 5m TF.
However I have not yet found a nice MTF light setup for 5m. Can anybody help (this hopefully may help others as well).
Trading Makes Money!
  • #11,764
  • Jul 2, 2009 3:31am Jul 2, 2009 3:31am
Quoting Nagpada
Great trading and explanation of your method. All the best this comming month.

Could you post your w/l stats. also.
Thanks. If you mean win/loss stats, its available on detailed statment.
  • #11,765
  • Jul 2, 2009 3:39am Jul 2, 2009 3:39am
Sorry for a little of topic, but i read on FF that there will be no more MT4 support for US brokers...because of kinda law changes on NFA regulations. Is it true ? What stays behind this ? IMO this is a stupid thingy....Also there were talks about new version of MT5.
  • #11,766
  • Jul 2, 2009 4:48am Jul 2, 2009 4:48am
Interesting ... when adding in the MTF V5 Trix I get the following:

1) The ZERO line disappears off the V4 Trix.
2) I cannot get the price and analyze label to display in the V5 Trix (despite being set to true).

I've then deleted the V4 and just had the V5 remaining, but this didn't help either.

Am I doing something wrong?

Many thanks.
  • #11,767
  • Jul 2, 2009 5:08am Jul 2, 2009 5:08am
when adding in the MTF V5 Trix I get the following:

1) The ZERO line disappears off the V4 Trix.

That's right. Getting the same set of labels to display when a second instance of an indicator is added (like you have with the trix histos) requires some contortions what weren't part of the Trix indicator. So if you add a second instance it wipes out the labels and lines of the first.

2) I cannot get the price and analyze label to display in the V5 Trix (despite being set to true).

Try starting from a clean chart and setting Analyze lable to true. This should work from a clean chart. The Trix doesn't display price at all - there's a separate indicator for that. Try using the THV Info panel - it's handier anyway.

I've then deleted the V4 and just had the V5 remaining, but this didn't help either.

Am I doing something wrong?

Many thanks.[/quote]
  • #11,768
  • Jul 2, 2009 6:32am Jul 2, 2009 6:32am
Ah - you're a star, thank you!

I deleted all indis as well as the price and left just the basic chart part of the template. I then added in the V5 Trix, folloed by the MTF indis.

Is there a reason why the over bought/over sold red/green lines disappear from the V5 Trix when I add in the MTF indicators though?

In any case even without the MTF indicators these red/green horizontal lines do not appear on any other timeframe than 1M.
  • #11,769
  • Jul 2, 2009 7:29am Jul 2, 2009 7:29am
Yes, there's a bug in the mtf indies (fixed in the next version).How to deal with this now was explained in one of my previous posts.

Quoting JohnnyFOREX
Ah - you're a star, thank you!

I deleted all indis as well as the price and left just the basic chart part of the template. I then added in the V5 Trix, folloed by the MTF indis.

Is there a reason why the over bought/over sold red/green lines disappear from the V5 Trix when I add in the MTF indicators though?

In any case even without the MTF indicators these red/green horizontal lines do not appear on any other timeframe than 1M.
  • #11,770
  • Jul 2, 2009 8:37am Jul 2, 2009 8:37am
Just received an email from a trader friend of mine, jeez, looks like they will go all out to protect the potential sell off of the USD. Looks to me it's the end of the FX market soon if this happens. They start making up rules along the way whenever they feel they fit their plots. I think this irrational behavior of ill intent will bite them back soon enough....

[23:03] <falcon7> A major new National Futures Association (NFA) rule goes into effect on August 1, 2009. This rule affects all U.S. Regulated Forex Dealer Members. Forex traders will no longer have the ability to place stop-loss or limit orders. Nor will traders be able to modify or close trades from the “Open Positions” window. As these features will be removed, all stop-loss and limit orders held on FXCM LLC accounts at the close of trading O>>
[23:04] <falcon7> If this applies to all retail clients too, damn that's not good
[23:04] <Uriel> WOW
[23:04] <Uriel> How can one trade without stoploss/limit?
[23:05] <Uriel> http://www.fxcm.com/lp3-nfa-fifo.jsp
~*~You are only one trade away from humility~*~
  • #11,771
  • Jul 2, 2009 8:48am Jul 2, 2009 8:48am
Quoting jharteam
Just received an email from a trader friend of mine, jeez, looks like they will go all out to protect the potential sell off of the USD....
This is related to US brockers?
  • #11,772
  • Jul 2, 2009 8:51am Jul 2, 2009 8:51am
yes, according to the thread, if comes into effect, the US FX brokerage will be the ones who will be bound by this 'rule'.

Quoting MCFly
This is related to U.S. brockers?
~*~You are only one trade away from humility~*~
  • #11,773
  • Jul 2, 2009 9:04am Jul 2, 2009 9:04am
Quoting jharteam
yes, according to the thread, if comes into effect, the US FX brokerage will be the ones who will be bound by this 'rule'.
The bad bad retail speculators are responsible for all the economic problems! So why don't kick their a...

I hope the european supervison of financial markets won't follow this proceeding.
  • #11,774
  • Jul 2, 2009 9:13am Jul 2, 2009 9:13am
Found this post in another thread:

"The only way to close a BUY order that is running would be to open a SELL order for an equal amount.

Banning entry orders is only in the sense that you can't place SL and TP that is associated with an existing order. You can place an entry SELL order for same amount as BUY so that when that level is hit, SELL order would activate. Since BUY and SELL can't exist together (no hedging policy in US), SELL would close BUY.

http://forexforums.dailyfx.com/nfa-f...s-answers.html"
  • #11,775
  • Jul 2, 2009 9:19am Jul 2, 2009 9:19am
Hey Jeff:

That REALLY freaked me out...I called Oanda, where I have my account and they told me that this issue about S/Ls and Limit orders was incorrect on FXCM, at least that is what they told me...

The issue of FIFO and no hedging stands but trading without S/Ls, and no limit orders and not being able to modify a position, is according to Oanda not changing....

HOW THE FUDGE WOULD ANYONE TRADE WITHOUT A STOP LOSS and without being able to use limit orders !!!

I am so shocked by the thought of it that I cannot even come up with an analogy...

The jerks are trying to ruin the last good thing there may be...

By the way, some good trades today, no?!
Deprive a man of everything and you give him nothing to lose.
  • #11,776
  • Jul 2, 2009 9:28am Jul 2, 2009 9:28am
yeah, that really leaves a bad taste in my mouth as well. I surely hope this is only some kind of messed up here; having these kinds of completely insane rulings are not new after the melt down of the global financial sectors. 'They' had better stop messing around with the last free frontier of the financial market; else, it will come back and give them a real nasty bite one of these days. you take care.

Have a good one
Jeff


Quoting cashmeer
Hey Jeff:

That REALLY freaked me out...I called Oanda, where I have my account and they told me that this issue about S/Ls and Limit orders was incorrect on FXCM, at least that is what they told me...

The issue of FIFO and no hedging stands but trading without S/Ls, and no limit orders and not being able to modify a position, is according to Oanda not changing....

HOW THE FUDGE WOULD ANYONE TRADE WITHOUT A STOP LOSS and without being able to use limit orders !!!

I am so shocked by the thought of it that I cannot even come up with an analogy...

The...
~*~You are only one trade away from humility~*~
  • #11,777
  • Jul 2, 2009 9:36am Jul 2, 2009 9:36am
Quoting cashmeer
Hey Jeff:

That REALLY freaked me out...I called Oanda, where I have my account and they told me that this issue about S/Ls and Limit orders was incorrect on FXCM, at least that is what they told me...

The issue of FIFO and no hedging stands but trading without S/Ls, and no limit orders and not being able to modify a position, is according to Oanda not changing....

HOW THE FUDGE WOULD ANYONE TRADE WITHOUT A STOP LOSS and without being able to use limit orders !!!

I am so shocked by the thought of it that I cannot even come up with an analogy...

The...
Can't see it happening.

Only thing it would achieve is traders moving en-masse to the UK, then on the next area if the UK also changed rules. etc. etc.
  • #11,778
  • Jul 2, 2009 9:41am Jul 2, 2009 9:41am
gracias cobra entrare de inmediato al grupo jejeje tu sistema es muy bueno una vez mas gracias chau

Quoting cobraforex
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:
  • #11,779
  • Jul 2, 2009 10:08am Jul 2, 2009 10:08am
I'm still working my way through this thread (only on page 155 or so) and am learning a lot. I started a journal labeled Billions in the journal section and am dedicated to learning how to trade this method.

Here was my trade comments / suggestions welcome!
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  • #11,780
  • Jul 2, 2009 11:07am Jul 2, 2009 11:07am
On this time frame, the Eur/Usd is rebounding right at the sliding parallel of this white down sloping Andrew's Lines. To fine tune for an entry, 1-min time frame provided us with a low risk entry with perfect divergence on the TRIX. Though, this is a rebound on the 15-min time frame, my hourly Andrew's Lines are pointing for a POTENTIAL bottoming of this down move. Take care.

Have a good one
Jeff
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~*~You are only one trade away from humility~*~
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