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THV system, final edition

  • #13,121
  • Sep 13, 2009 10:04pm Sep 13, 2009 10:04pm
Quoting cobraforex
Yep.

Today was a nice start, first traded the gap with 25+ pips, than the long term trade from friday got hit his TP and a fast +20 scalp.

And now?

Consolidation - waiting for a break.
  • #13,122
  • Sep 13, 2009 10:07pm Sep 13, 2009 10:07pm
I'm gonna have a break till the london folks open the doors.

Quoting TradeWell
Consolidation - waiting for a break.
  • #13,123
  • Sep 13, 2009 10:10pm Sep 13, 2009 10:10pm
Quoting cobraforex
I'm gonna have a break till the london folks open the doors.
Sounds prudent. Have a good rest.
  • #13,124
  • Sep 13, 2009 10:21pm Sep 13, 2009 10:21pm
Quoting cobraforex
ObjectCreate(name1,OBJ_RECTANGLE,1,0,0);

Still have a bug in but the idea was from mladen in the TSD board.
Thank you COBRA for the info. I am facing a small problem I have only available THV RSI_V2. ex4 version that can’t modify. Can you share with me the open code (MQ4)
Thanks in advance.http://www.forexfactory.com/images/icons/icon7.gif
  • #13,125
  • Sep 13, 2009 10:33pm Sep 13, 2009 10:33pm
Send me an email (not PM)
Quoting Babilon
Thank you COBRA for the info. I am facing a small problem I have only available THV RSI_V2. ex4 version that can’t modify. Can you share with me the open code (MQ4)
Thanks in advance.http://www.forexfactory.com/images/icons/icon7.gif
  • #13,126
  • Sep 14, 2009 1:01am Sep 14, 2009 1:01am
EU M5, H1: Good volume early in asian session as PA moved downward. Following pullback up, good entry provided (M5). Applying FE to bollinger band pinch (H1) provides targets for trades other than quick scalps......

Edit: By the way, anybody notice the almost perfect Day doji for Friday? I went back over two years on Day chart and could not find as fine a doji at the top or bottom of the candle movements. Not saying PA cannot be pumped higher, but we could be in the midst of shenanegans prior to a trend reversal. Time will tell.
Attached Image(s) (click to enlarge)
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  • #13,127
  • Sep 14, 2009 3:24am Sep 14, 2009 3:24am
traderathome nice template. can you share it?
  • #13,128
  • Sep 14, 2009 8:36am Sep 14, 2009 8:36am
Hi Traderathome. Thanks for the cool volume indicator. However can you explain the meaning of the colour code? green, white, etc....
  • #13,129
  • Edited 9:51am Sep 14, 2009 9:16am | Edited 9:51am
EU M1: Here is how I see it currently...... If, and I mean "if", the dollar is scheduled to rebound, then it means nothing to the Big Boys to use a 100 pip range to "sell to the herd". And this is the same range and shenanegans they used Friday. PA could certainly be pumped higher, but it looks more and more like prolonged whipsawing, which would be kinda what the Big Boys would do if they needed to offload long positions and start stacking up on short positions. This is all speculation. We trade what the charts give us.
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  • #13,130
  • Sep 14, 2009 9:31am Sep 14, 2009 9:31am
Quoting gambit1977
Hi Traderathome. Thanks for the cool volume indicator. However can you explain the meaning of the colour code? green, white, etc....
I apologize for not mentioning that users should read the notes at the top of the indicator compile, where this information is. Based upon whatever averaging period is used (default is 10 periods) Blue means the volume at the current bar is below-to-equal to that for the averaging period. Green means current bar volume is over avg. by up to 33%. LimeGreen means it is over by 33% to 66%. Yellow means it is over by 66% to 100%. And White means it is 100+% over the average.
  • #13,131
  • Sep 14, 2009 9:49am Sep 14, 2009 9:49am
Thanks. What about the height of the bar? The same as the common indicator?
  • #13,132
  • Sep 14, 2009 10:02am Sep 14, 2009 10:02am
Quoting gambit1977
Thanks. What about the height of the bar? The same as the common indicator?
Default height is about same as standard MT4 volume indy, but again, as the notes in the compile state, height is adjustable....which you can surmise from the external inputs window also. The display height means nothing in terms of actual amounts of volume, as all bars move relatively when the display height is altered. It is just a matter of whether you want a real tall display or a short, short display, or anything in between.
  • #13,133
  • Sep 14, 2009 10:16am Sep 14, 2009 10:16am
Thanks for the input.
  • #13,134
  • Sep 14, 2009 10:34am Sep 14, 2009 10:34am
The truth is that this daily reversal pinbar candle made me a little biased to the short side and it took me some hours during the London session to lose that bias to finally enter in a trade.

But a break to the upside was on the plan on break and retest of the DP.

Actually we are in trix oberbought zone and as London will close soon we might see a small retrace but I'd like to see a one minute break and retest of the coral to take a decision.

Quoting traderathome
Edit: By the way, anybody notice the almost perfect Day doji for Friday? I went back over two years on Day chart and could not find as fine a doji at the top or bottom of the candle movements.
Attached Image(s) (click to enlarge)
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  • #13,135
  • Sep 14, 2009 10:50am Sep 14, 2009 10:50am
Well, that worked out pretty good, you see the break and retest of the 1M coral in the first square and TP with +10 pips on R1.

Sounds only few but these trades have a high pip value and make more money than others do in a 300 pip move.

This way to trade is called "playing the London Take Profit"

Trading room is closed for today.

Haha, just noticed that this was my first realtime scalp call.

Quoting cobraforex

Actually we are in trix oberbought zone and as London will close soon we might see a small retrace but I'd like to see a one minute break and retest of the coral to take a decision.
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  • #13,136
  • Sep 14, 2009 11:00am Sep 14, 2009 11:00am
In this candle chart I'm testing the new indicators from Traderathome, the volume and new pivot indicator, they work flawless till now.

The new Pivot indicator T@H is close to release.
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  • #13,137
  • Sep 14, 2009 12:35pm Sep 14, 2009 12:35pm
Quoting traderathome
Attached is an indicator that puts "Volumes" display in main chart window. Unlike the MT4 display, with this indicator using the core code from the NVO Indicator, you can color code volume graduations to make them stand out. The default colors for the above average volume graduations are per the original core code. Graduations have been changed from 38.2/61.8/100 to 33/66/100, but you can change them as you like in the hard code. You can also increase width of bars to make those in certain graduations stand out. In the second chart (M15) the below...
For those that have downloaded this indicator, please go back to this post and download it again. I have added a "phantom" color (CLR_NONE) that will prevent a color bar from showing up on the right margin of the chart. I did not bother to assign a new revision for this.
  • #13,138
  • Sep 14, 2009 1:14pm Sep 14, 2009 1:14pm
divergence on h1 EJ... try a short.. who is with me? SL over the max and tp by icce( drow in 5' chart)

also strong volume after the strong up move (distribution)
  • #13,139
  • Sep 14, 2009 1:27pm Sep 14, 2009 1:27pm
Quoting pattinatore
divergence on h1 EJ... try a short.. who is with me? SL over the max and tp by icce( drow in 5' chart)

also strong volume after the strong up move (distribution)

I was just about to tell you to wait to see if it spikes up to 133.00....I got in long at about 132.84 waiting for the spike...there was a bullish flag in the 5 min....


See how it kept bouncing off of the lower T/L....each one of those bounces was about 10 pips or more

Considerations:

1.) 5 Min Bullish Flag
2.) 1 Min Trix Bullish
3.) 5 Min Trix Cross and fast cross of 0.
4.) Tendency to gravitate towards round numbers...
Attached Image (click to enlarge)
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Deprive a man of everything and you give him nothing to lose.
  • #13,140
  • Sep 14, 2009 1:33pm Sep 14, 2009 1:33pm
Quoting cashmeer
I was just about to tell you to wait to see if it spikes up to 133.00....I got in long at about 132.84 waiting for the spike...there was a bullish flag in the 5 min....

Just TP...
i saw the rectangle... stopped out.. but just ri-entered at 32.94
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