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THV system, final edition

  • #13,061
  • Sep 10, 2009 11:36am Sep 10, 2009 11:36am
Forget about the short, it's news time, Mr. Lockard speaks.

See you.
  • #13,062
  • Sep 10, 2009 11:46am Sep 10, 2009 11:46am
Tesla's Trendline indicator....
(also for rectangles, fib retracements & fib expansions, Bollinger band, Andrew's Pitchfork)

please see my post here.
FYI.
  • #13,063
  • Sep 10, 2009 11:55am Sep 10, 2009 11:55am
I know that one and used it in the past but actually if I need an alert I use chin breakout.


Anyhow thanks for the input SC.


Quoting supremeChaos
Tesla's Trendline indicator....
(also for rectangles, fib retracements & fib expansions, Bollinger band, Andrew's Pitchfork)

please see my post here.
FYI.
  • #13,064
  • Sep 10, 2009 12:02pm Sep 10, 2009 12:02pm
Here you see the influence of the news, there was a clear short setup on 5M (fast trix below slow and break of TL and MR1 (red box) but folks decided to listed to Mr. Lockhard and now Geithner gives one on top.
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  • #13,065
  • Sep 10, 2009 12:19pm Sep 10, 2009 12:19pm
Quoting cobraforex
I know that one and used it in the past but actually if I need an alert I use chin breakout.
Thanks for the very quick feedback, Sir.
what do u use the chin breakout for?
Thanks for reminding me about it (havent used it; amnesia )
  • #13,066
  • Sep 10, 2009 1:16pm Sep 10, 2009 1:16pm
Good for 20 Pips...

Considerations:

1.) 5 min fib bounce at 50% and S1.
2.) 5 min coming out of oversold
3.) 1 min bounce, bounce break preceded by bullish divergence and trix cross 0.
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Deprive a man of everything and you give him nothing to lose.
  • #13,067
  • Sep 10, 2009 2:50pm Sep 10, 2009 2:50pm
Nice pick Cash

I like the way you present the trading oportunity with:

Considerations:

1.) ....
2.) ....
3.) ....

We should make that standart in posting trades.
Quoting cashmeer
Good for 20 Pips...

Considerations:

1.) 5 min fib bounce at 50% and S1.
2.) 5 min coming out of oversold
3.) 1 min bounce, bounce break preceded by bullish divergence and trix cross 0.
  • #13,068
  • Edited 3:03pm Sep 10, 2009 3:02pm | Edited 3:03pm
Thanks for your guys comments on full time trading.

As a contractor, I've done a couple of large jobs lately so I can spend full-time educating myself on Forex and trading demo ... I can last without income again until April next year. Hopefully I can make enough sense of this to trade live successfully before then ... or it's back to the contracting.

Caveman:
Thanks for pulling me up on the Counter Trend trade I took ... guess a bit of luck was involved there ... I have read all about "the trend is your friend" .... amazing how you can forget this in the heat of the moment!

Cobra:
Thanks for the Tip on trying EJ ... will start looking at it today ... although it's Friday 0800 here in NZ right now ... I hear Fridays aren't good for trading.
  • #13,069
  • Sep 10, 2009 3:06pm Sep 10, 2009 3:06pm
As I mentioned ... it's Friday already (NZ is GMT+12).

The warnings about trading Fridays ... can someone give some more info on why Fridays aren't good and what time GMT we should consider standing aside ... are there any 'rules' on trading times that can be applied to THV ... already know about crossover of London-US being 'best' time.
  • #13,070
  • Sep 10, 2009 3:21pm Sep 10, 2009 3:21pm
Hi Stratman:

The most important to me is whether the market(s) has nice postures to be considered in trading. I don't consider any session as unimportant. Most of the time, the Asian sessions are the time the market starting to set herself up for later tradable movements. Such behavior hasn't changed since the early 90s. Unlike some who think Asian session as unimportant; such time has to be monitored and analyzed. Be aware that London tends to 'jump the gun' before the official starting time of London session; simply because the setups done during Asian time have already been resolved. If I really need to take a rest, it will be during New Zealand and Australian session. Just my two cents. Take care.

Have a good one
Jeff

Quoting stratman
As I mentioned ... it's Friday already (NZ is GMT+12).

The warnings about trading Fridays ... can someone give some more info on why Fridays aren't good and what time GMT we should consider standing aside ... are there any 'rules' on trading times that can be applied to THV ... already know about crossover of London-US being 'best' time.
~*~You are only one trade away from humility~*~
  • #13,071
  • Sep 10, 2009 4:20pm Sep 10, 2009 4:20pm
Quoting stratman
As I mentioned ... it's Friday already (NZ is GMT+12).

The warnings about trading Fridays ... can someone give some more info on why Fridays aren't good and what time GMT we should consider standing aside ... are there any 'rules' on trading times that can be applied to THV ... already know about crossover of London-US being 'best' time.
Stratman, welcome to FF, Check this thread. Best regards, Credos.
http://www.forexfactory.com/showthread.php?t=175618
  • #13,072
  • Edited 5:20pm Sep 10, 2009 5:20pm | Edited 5:20pm
Quoting Credos
Stratman, welcome to FF, Check this thread. Best regards, Credos.
http://www.forexfactory.com/showthread.php?t=175618
Thanks Credos. Looks like the UK session is generally OK on Fridays ... but be weary of the last US session for the week?

Maybe that's the night I can catch up on lost ... (US session is during NZ night).
  • #13,073
  • Sep 10, 2009 5:26pm Sep 10, 2009 5:26pm
In the MTF download, Ichimoku.ex4 exists.

In the install of MT4 an Ichimoku.ex4 already exists. Is it ok to overwrite this? I will rename the original in case.

Just thought I'd note this here so we could get an answer for those that are a little confused like me
  • #13,074
  • Edited 5:49pm Sep 10, 2009 5:39pm | Edited 5:49pm
Sorry to post so much ... just getting setup 'properly'.

Can someone share a V3 template that has the 'thv' template (from the download) but with the MTF indicators included?

I notice that on some of the charts being posted that people are running some kind of combination?

EDIT:
It's OK ... just add them to the chart

cheers, stratman
  • #13,075
  • Sep 10, 2009 6:53pm Sep 10, 2009 6:53pm
Quoting stratman
Thanks Credos. Looks like the UK session is generally OK on Fridays ... but be weary of the last US session for the week?

Maybe that's the night I can catch up on lost ... (US session is during NZ night).
Generally speaking yes. It all depends on your trading strategy. IMO you trade on Friday ONLY if 100% sure. When you leave your positions overnight on Fridays you might find yourself in trouble due requotes. Also your trades are out of control on Saturday and Sunday. Regards, Credos.
  • #13,076
  • Sep 10, 2009 7:04pm Sep 10, 2009 7:04pm
Quoting traderathome
EU M15: I am wondering if this increased volume at the last highs is an indication of closing longs and opening shorts. Weekly R3 and Monthly R2 are at the same level of 1.4601, and it would not be out-of-hand for the price to be run up to there before they stop supporting it.
Yeah, for sure they ran it up! But first they drove it down hard. Do you see all that volume as they ran the price over the top and down, before the US open? And then later, after they ran it back up (notice on low decreasing volume, too!) we get that next large volume spike at the highs....by the way, that is a pin bar candle on a normal candle chart! Could be the pros are unloading their longs and taking on shorts....still while the "talking heads" proclaim dollar weakness........
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  • #13,077
  • Sep 10, 2009 7:30pm Sep 10, 2009 7:30pm
Quoting macman
I would add that boredom can also be killer sometimes - so easy to take a B or C class trade just to ease the boredom.
Oh so true.
  • #13,078
  • Sep 10, 2009 7:40pm Sep 10, 2009 7:40pm
Quoting traderathome
Yeah, for sure they ran it up! But first they drove it down hard. Do you see all that volume as they ran the price over the top and down, before the US open? And then later, after they ran it back up (notice on low decreasing volume, too!) we get that next large volume spike at the highs....by the way, that is a pin bar candle on a normal candle chart! Could be the pros are unloading their longs and taking on shorts....still while the "talking heads" proclaim dollar weakness........
I always like reading your views TAH.
  • #13,079
  • Sep 10, 2009 7:48pm Sep 10, 2009 7:48pm
Quoting traderathome
Yeah, for sure they ran it up! But first they drove it down hard. Do you see all that volume as they ran the price over the top and down, before the US open? And then later, after they ran it back up (notice on low decreasing volume, too!) we get that next large volume spike at the highs....by the way, that is a pin bar candle on a normal candle chart! Could be the pros are unloading their longs and taking on shorts....still while the "talking heads" proclaim dollar weakness........
The "they" running the prices up and down? It certainly seems to me as though "they" do but then I remember that the "they," assuming by which we mean the banks and big players, are in competition with each other. Or does anyone think they're engaged in co-operative trading?
  • #13,080
  • Sep 10, 2009 8:11pm Sep 10, 2009 8:11pm
Quoting FFUser7
The "they" running the prices up and down? It certainly seems to me as though "they" do but then I remember that the "they," assuming by which we mean the banks and big players, are in competition with each other. Or does anyone think they're engaged in co-operative trading?
Co-operative trading? Sometimes it looks like "non-interference" trading....FO/LO take their shots, but then if US open needs to pump it up on light volume so they can take their shot, they get "no interference". The story is not that, but in the volume. There were two "over the top and down hard" runs on high relative volume. And then after the final pump back up on decreasing volume, there is that high volume trading at the very highs. So, the story is in the volume, not in whether there is concerted and co-operative price manipulation.
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