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THV system, final edition

  • #13,141
  • Sep 14, 2009 1:35pm Sep 14, 2009 1:35pm
bullish divergence 15M

But a retrace is on the plan, the question is when we get the signal?

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)
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  • #13,142
  • Sep 14, 2009 1:38pm Sep 14, 2009 1:38pm
Quoting cobraforex
bullish divergence 15M

But a retrace is on the plan, the question is when we get the signal?

yeah that's right, and there was bullish divergence on the 15 min

forgot to add that to my chart and considerations...
Deprive a man of everything and you give him nothing to lose.
  • #13,143
  • Sep 14, 2009 1:39pm Sep 14, 2009 1:39pm
small lot size.. i can increment..
Attached Image
  • #13,144
  • Sep 14, 2009 1:41pm Sep 14, 2009 1:41pm
Quoting cobraforex
bullish divergence 15M

But a retrace is on the plan, the question is when we get the signal?
seen.... i'm in with two positions now.. the bigger one alredy in gain..
maybe i can close half of it and whait..
  • #13,145
  • Sep 14, 2009 1:51pm Sep 14, 2009 1:51pm
Quoting pattinatore
seen.... i'm in with two positions now.. the bigger one alredy in gain..
maybe i can close half of it and whait..
ok closed the bigger position with 9 pips.. the rest still in ... where do you put your tp for this short?
  • #13,146
  • Sep 14, 2009 1:56pm Sep 14, 2009 1:56pm
Quoting pattinatore
ok closed the bigger position with 9 pips.. the rest still in ... where do you put your tp for this short?

lol....I have no idea...I'm not short....i'm out for the day...

in my 15 min...I have a fib up but I have no idea if this could come back to 23.6

there is a good distance from the Coral....
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Deprive a man of everything and you give him nothing to lose.
  • #13,147
  • Sep 14, 2009 2:01pm Sep 14, 2009 2:01pm
Quoting cashmeer
lol....I have no idea...I'm not short....i'm out for the day...

in my 15 min...I have a fib up but I have no idea if this could come back to 23.6

there is a good distance from the Coral....
yes good distance.. i took this trade also cause of the V in hourly chart.. usually strong moves doesn't start with a V... (as we can see on stoks in march.. i think in a retest)
  • #13,148
  • Sep 14, 2009 2:32pm Sep 14, 2009 2:32pm
This is a very great work indeed and thank you very much for sharing with the world. This depicts you as a magnanimous individual and how I pray that THE GIVER of LIGHT WILL SHINE MORE FOREX LIGHT ON YOUR PATH in JESUS' Name.

Please how do I solve the problem of "FFCal Error Web page download incomplete"

Thanks and more grease to your elbows!
  • #13,149
  • Sep 14, 2009 2:59pm Sep 14, 2009 2:59pm
Ok, it's not time yet for a short on that pair but I'll give you an idea where to set and why the TP.

TP's should be set to well known historical S&R, those depend on your trading style and TF to trade.

Let's say you daytrade the 15M and aim for about 40 to 80 pips/trade.

First draw fib retracements (we can't do that still as we don't know where's the top yet).

Than look leftwards on your chart and draw horizontal HLs on the last highs and lows of the 15M in this case.

In the actual chart we have several TPs, the DP, the first HL in gray, MS1, S1 and MS2 which is todays low.

now it depends on your risk appetite where to set the TP, as more far away as more risky your trade.

Sometimes its better to add to your trade than wait too long.

Also, after a reasonable move in your favor (number depends on TF and trading session [Volaty]) lock SL in profit +1.

Hope that helps a bit.

Quoting pattinatore
ok closed the bigger position with 9 pips.. the rest still in ... where do you put your tp for this short?
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  • #13,150
  • Sep 14, 2009 3:07pm Sep 14, 2009 3:07pm
there is a problem with the FFcal, I also get zillions of errors :

News Indicator is disabled because NO CONNECTION to Borker!

No clue what's the mistake.

Quoting uzendua
This is a very great work indeed and thank you very much for sharing with the world. This depicts you as a magnanimous individual and how I pray that THE GIVER of LIGHT WILL SHINE MORE FOREX LIGHT ON YOUR PATH in JESUS' Name.

Please how do I solve the problem of "FFCal Error Web page download incomplete"

Thanks and more grease to your elbows!
  • #13,151
  • Sep 14, 2009 3:50pm Sep 14, 2009 3:50pm
Quoting cobraforex
Ok, it's not time yet for a short on that pair but I'll give you an idea where to set and why the TP.

TP's should be set to well known historical S&R, those depend on your trading style and TF to trade.

Let's say you daytrade the 15M and aim for about 40 to 80 pips/trade.

First draw fib retracements (we can't do that still as we don't know where's the top yet).

Than look leftwards on your chart and draw horizontal HLs on the last highs and lows of the 15M in this case.

In the actual chart we have several TPs, the DP, the first HL in gray, MS1,...
thanks cobra! but the trade i took for 1h chart, bearish divergence with trix in oversold and a retracment of 618 fibo (see on the chart above)
i think that the top of this H1 up move is about 133.1 and so i dorw fibo lines, tp to 50 % and so to 132.222 (i no that is really far but i have the time )
let's see!
  • #13,152
  • Sep 14, 2009 4:35pm Sep 14, 2009 4:35pm
M1 EJ Trade from earlier today.

Considerations:

1) Divergence on the tops (anticipate price moving down)
2) Rejection of the DP (usually good for some pips)
3) Break of price trendline and Trix trendline

I took 8 pips, then it mysteriously bounced off the 20.
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  • #13,153
  • Sep 14, 2009 5:37pm Sep 14, 2009 5:37pm
This was very veryyy informative and interesting.

Very thanks of Cobra and Cashmeer and TradeWell. Today I learned many things from you.



Quoting cobraforex
Ok, it's not time yet for a short on that pair but I'll give you an idea where to set and why the TP.

TP's should be set to well known historical S&R, those depend on your trading style and TF to trade...
......

Hope that helps a bit.
We are here to help each other... We Learn Forex Together!
  • #13,154
  • Sep 14, 2009 5:45pm Sep 14, 2009 5:45pm
Hello cobra, I am fairly new to FF and have recently downloaded your system and set it up on my demo account. I have read the manuals and even installed the CaveManager onto my charts.

I have been demo trading various systems for about 4 months and this one looks particularily promising and from the amount of pages on this topic I'm sure it is!

However I am not able to devote full time to trading, I live in the west coast of Canada and thus am not positioned great for trading the high volume market hours of London. I work full time in a fairly demanding job already but am much more interested in trading for a living someday. I am able to use my MT4 platform at work which is great but I have a lot of trouble trading systems which are optimized for the lower TF's.

My question I guess in that case is this, if I wanted to trade this system on H1 or H4 TF, is there any posts you can refer me to for the best rules/settings to follow not only THV but also the CaveManager?

Or is it true that none of the rules change for each TF? I already read that the Coral line is not followed except on M1 or M5 in the manual, is this right? But I have to believe that maybe the CaveManager would definitely follow a different rule set or else the Money Management would be quite bad since ATR always suggests nearly 100pip SL minimum on H1 or higher and taking profit batches at pivot levels is definitely not 1:1.

Sorry for this long post I know your time is valuable, if you can help me I would greatly appreciate it.
  • #13,155
  • Sep 14, 2009 6:22pm Sep 14, 2009 6:22pm
I'm preparing for a biz meeting in this moment, please give me some time to answer as it is an important general question and needs the right words and some more lines.

About the cavemanager would be great to wait for Caveman himself.


Quoting decidence
Hello cobra, I am fairly new to FF and have recently downloaded your system and set it up on my demo account. I have read the manuals and even installed the CaveManager onto my charts.

I have been demo trading various systems for about 4 months and this one looks particularily promising and from the amount of pages on this topic I'm sure it is!

However I am not able to devote full time to trading, I live in the west coast of Canada and thus am not positioned great for trading the high volume market hours of London. I work full time in a fairly...
  • #13,156
  • Edited 8:41pm Sep 14, 2009 8:24pm | Edited 8:41pm
...this was too obvious!

Considerations:

1.) 1 hr. PA rejected at resistance of previous low
2.) 15 Min THV divergence
3.) 15 Min THV Analysis showing rejection, weakness and overbought
4.) 1 min Break of T/L, restest and trix cross at 0
5.) Tendency to retest/gravitate towards whole numbers i.e. 133.00

Good for 20 Pips....


Sorry for so many screen shots, but I wanted to make it clear as to what I was thinking....

ADD: forgot to mention divergence in 1 HR THV and Major Overbought in 1 HR RSI

I could wait all day long for trades like these...as TradeWell says, "Let the market come to you!"
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Deprive a man of everything and you give him nothing to lose.
  • #13,157
  • Sep 15, 2009 12:08am Sep 15, 2009 12:08am
Quoting TradeWell
Ahhh the 20 psych trade.
TradeWell, I just downloaded the beta version of EA and the trial version is already expired. Can you help me to reset it?

Thanks
  • #13,158
  • Sep 15, 2009 2:19am Sep 15, 2009 2:19am
I thought this interesting enough to post.....an amazing similarity!
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  • #13,159
  • Sep 15, 2009 3:02am Sep 15, 2009 3:02am
Thanks traderathome and cashmeer, great additional visual tools helping me to understand the real life application of THV....
Be like water.
  • #13,160
  • Sep 15, 2009 6:00am Sep 15, 2009 6:00am
EU: GU just crash dived and I missed it. So, what about EU? The way I see it currently is wait for PA to fall to DPV=1.4602 and on down thru WR3=1.4595. Then enter. Target at S1=1.4552 or WmR3=1.4540, for about 40 - 55 pips. EU is not into large swings right now. That may be due to consolidation before a really good move. It is my speculation the Big Boys are closing longs and opening shorts. They will keep it range bound while they trick others to buy, while they sell. So, my target is conservative for the time being.
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