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THV system, final edition

  • #13,081
  • Sep 10, 2009 9:31pm Sep 10, 2009 9:31pm
A lot of hitting on that 1.46 ... and R1.

The thv rules lined up to take a long but I stood aside because of high level of resitance ie round number, close to R1, close to strong S/R on daily.

Am I right to stand aside?
  • #13,082
  • Edited Sep 11, 2009 8:34am Sep 10, 2009 10:42pm | Edited Sep 11, 2009 8:34am
Quoting traderathome
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.
I agree that volume is most often indicative of thrust but I was just wondering about whether it was brought about by the active co-operation of the big boys or a collective "jumping on the bandwagon," so to speak.

There was an interesting situation in Europe in the late 1990s or maybe the very early 2000s. There was a trader who went by the nickname of "Vlad the Impaler."

As I recall he dealt in the Bunde futures (specifically the German equivalent of the US 10 year note) and futures in the major currencies. Not sure but I think he was Czechoslovakian. He seemed to target the German banks. He had satellite traders in the main trading cities of Europe and of course London. He and his satellites would make obvious price probes, requests for quotes and set big buy or sell stops at the previously agreed prices along with multiple small orders along the price ladder. Because those financial instruments are exchange traded buy/sell orders are visible to other traders. When the big boys saw a lot of orders they'd think someone knew something they didn't and start loading up. Then, at a given signal Vlad's team would suddenly unload their positions and cancel the big orders.

I saw a similiar modus operandi in Hong Kong in the 80s but in this instance it was carried out in the HK trading room of a UK bank. Vlad made hundreds of millions but of course it wasn't long before the German banks twigged what he was doing. They all got together, sucked him in by moving their prices suddenly to fill his large orders. He and his satellites couldn't meet the margin calls and were bankrupted. The last I heard of him he was living in London, blowing on his burnt fingers and trading in a modest way.

Sorry this was so long and perhaps a little off topic.

FFUser7 (aka PipHopeful).
  • #13,083
  • Sep 10, 2009 10:54pm Sep 10, 2009 10:54pm
Quoting cobraforex
Nice pick Cash
I like the way you present the trading oportunity with:
....
We should make that standard in posting trades.
Agree.
  • #13,084
  • Sep 10, 2009 11:12pm Sep 10, 2009 11:12pm
Quoting FFUser7
I agree that volume is most often indicative of thrust but I was just wondering about whether it was brought about by the active co-operation of the big boys or a collective "jumping on the bandwagon," so to speak.

There was an interesting situation in Europe in the late 1990s or maybe the very early 2000s. There was a trader who went by the nickname of "Vlad the Impaler."

As I recall he dealt in the Bunde futures (specifically the German equivalent of the US 10 year note) and futures in the major currencies. Not sure but I think he was...
Interesting reading. Thank you for the post. It makes you wonder what kind of shenanegans go on. I mean, if you were the Bank of Japan and woke up at the start of the Asian session and saw PA had been pumped and then slammed down as others unloaded.....wouldn't you want a chance to pump it back up so you could unload too? Yeah, it ain't all that simple, true. But when you see sometimes in each session (Asian, European, US) the same maneuvers repeated to some extent, it makes you wonder if the banks have some kind of "Gentleman's Agreement" that they won't interfere with one another if a major move was made and one, or more, of them has not yet participated.
  • #13,085
  • Sep 11, 2009 2:29am Sep 11, 2009 2:29am
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........
Hi Trader,
I can recommend reading 'Master the Markets" by Tom Williams which gives great insight into how the 'big dogs' work.

You can download a copy from my box.net here (18mb)

http://www.box.net/shared/fgoo6enqh0

Best of luck
  • #13,086
  • Sep 11, 2009 5:43am Sep 11, 2009 5:43am
Quoting macman
Hi Trader,
I can recommend reading 'Master the Markets" by Tom Williams which gives great insight into how the 'big dogs' work.

You can download a copy from my box.net here (18mb)

http://www.box.net/shared/fgoo6enqh0

Best of luck
Thank you macman for sharing the education material. This is a great addition to cobra's trading system.

babilon
  • #13,087
  • Sep 11, 2009 6:11am Sep 11, 2009 6:11am
Quoting Babilon
Thank you macman for sharing the education material. This is a great addition to cobra's trading system.

babilon
You are welcome ....

It helped me see 'the bigger picture'
  • #13,088
  • Sep 11, 2009 9:17am Sep 11, 2009 9:17am
If you already have one you don't need to download it. I posted it because 1) Somebody who had erased theirs found that the mtf cloud
histo wouldn't work without it and 2) Somebody else asked for the code so they could add an alarm.

Quoting stratman
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
  • #13,089
  • Sep 11, 2009 9:22am Sep 11, 2009 9:22am
I have tried downloading the THV manual but can't. it seems the link is no more working. can somebody please upload it again so that i can download and start studying.
thanks in advance
it is better to miss than to loss pips
  • #13,090
  • Edited 10:24am Sep 11, 2009 10:14am | Edited 10:24am
Depends on the Friday. Some are ok and others aren't I think you have to just look at the PA and decide. No trading for me today though.

Considerations:
1) We are at the 61.8 % retracement of the big down move from Jan 2008 to September 2008
2) In addition to being a Friday, it's the anniversary of 9/11 - you would expect markets to be jumpy.
3) Todays PA indeed reflects that.



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.
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  • #13,091
  • Sep 11, 2009 12:23pm Sep 11, 2009 12:23pm
I couldn't find it mentioned in this thread, but is there a way to turn off the Market Hours alert? I've tried to set it to 0 or 999999 but I still get the popup window and ringing every time a market is near close.
  • #13,092
  • Edited 12:56pm Sep 11, 2009 12:40pm | Edited 12:56pm
I trade Bemac's ICCE (beside of THV and another proper daytrade breakout system) with small lotsize as long term trades (days or weeks) with good results.

Mega ICCE Channel -> Mega pips.

From breakout to first TP was 300 pips, the TP was 1.4647 but the R2 was in the way and that is enough reason to TP 15 pips earlier as those levels should be seen as TP areas and not exact levels.

In this case THV gave a faster entry permission than the breakout of the box.

I reversed the trade with 50 pips SL at TP and aim for fib 38.2% = 1.4520 about, now locked in profit.

Considerations:
1) TP in 61.8% ICCE zone with bearish RSI divergence
2) Touch of R2
3) reverse trade for retrace to 38.2 % fib

Quoting cobraforex
Hmmm , my ICCE mega channel fib says 1.4646 as the first TP, let's see where that thingy wanna go.
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  • #13,093
  • Sep 11, 2009 1:07pm Sep 11, 2009 1:07pm
The new, to be released soon, Trix indicator V6.5 has the Market Hour indi and Market Price integrated (amoung many other improvements), I will try to code a switch to turn it off.

Quoting decidence
I couldn't find it mentioned in this thread, but is there a way to turn off the Market Hours alert? I've tried to set it to 0 or 999999 but I still get the popup window and ringing every time a market is near close.
Attached Image
  • #13,094
  • Sep 11, 2009 7:54pm Sep 11, 2009 7:54pm
Quoting cobraforex
The new, to be released soon, Trix indicator V6.5 has the Market Hour indi and Market Price integrated (amoung many other improvements), I will try to code a switch to turn it off.

Cobra:

You're THV V4 Beta looks great. Especially the fonts you've chosen...can't wait to get a hold of it....I was looking back at some posts, there was a trader in here called MonkeydLuffy he had some really nice colors (lime and blue) neon looking....I am trying to get my chart customized in colors that suit me...

Will send you some samples to get your opinion....

I should read up on how to do some basic coding as well...

I hope you all enjoy your weekend...

See you next week...
Deprive a man of everything and you give him nothing to lose.
  • #13,095
  • Sep 12, 2009 2:21am Sep 12, 2009 2:21am
Yeah! I agree, nice template colors:

http://www.forexfactory.com/showpost...ostcount=10627

Quoting cashmeer
Cobra:

You're THV V4 Beta looks great. Especially the fonts you've chosen...can't wait to get a hold of it....I was looking back at some posts, there was a trader in here called MonkeydLuffy he had some really nice colors (lime and blue) neon looking....I am trying to get my chart customized in colors that suit me...

Will send you some samples to get your opinion....

I should read up on how to do some basic coding as well...

I hope you all enjoy your weekend...

See you next...
  • #13,096
  • Sep 12, 2009 5:21am Sep 12, 2009 5:21am
Great Post! I did not see the 61.8% or I'd have faded that today.

Quoting MissPips
Considerations:
1) We are at the 61.8 % retracement of the big down move from Jan 2008 to September 2008
2) In addition to being a Friday, it's the anniversary of 9/11 - you would expect markets to be jumpy.
3) Todays PA indeed reflects that.
  • #13,097
  • Sep 12, 2009 6:39am Sep 12, 2009 6:39am
Thank you all for the work done to improve the results of trade FOREX ...

thanks ...
  • #13,098
  • Sep 12, 2009 5:43pm Sep 12, 2009 5:43pm
Quoting cashmeer
Cobra:

You're THV V4 Beta looks great. Especially the fonts you've chosen...can't wait to get a hold of it....I was looking back at some posts, there was a trader in here called MonkeydLuffy he had some really nice colors (lime and blue) neon looking....I am trying to get my chart customized in colors that suit me...

Will send you some samples to get your opinion....

I should read up on how to do some basic coding as well...

I hope you all enjoy your weekend...

See you...
Yes i agree! I use his template! Is really good looking.. Can't wait anymore vor v4
  • #13,099
  • Sep 12, 2009 10:39pm Sep 12, 2009 10:39pm
Quoting MissPips
Depends on the Friday. Some are ok and others aren't I think you have to just look at the PA and decide. No trading for me today though.

Considerations:
1) We are at the 61.8 % retracement of the big down move from Jan 2008 to September 2008
2) In addition to being a Friday, it's the anniversary of 9/11 - you would expect markets to be jumpy.
3) Todays PA indeed reflects that.
You are very good . I saw that price was at S/R but totally missed the 61.8 fib. Good call.
  • #13,100
  • Sep 13, 2009 1:00am Sep 13, 2009 1:00am
For Traderathome:

The code I've sent you by email to color the subwindow indicators is ok, see the example on the trix.

To draw TLs you have to uncheck "draw object as background" and ready to go.
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