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THV system, final edition

  • #13,281
  • Sep 21, 2009 4:39am Sep 21, 2009 4:39am
Move stop to break even? ... take profit?

Quoting stratman
Good signal on 1 min ... in at 1.4664 ... not sure whether to get out while in profit or leave it to run to the 1.4640 support.

How would you play it?
  • #13,282
  • Sep 21, 2009 5:01am Sep 21, 2009 5:01am
This was a perfect trade for me (see picture)

I've done 54 pips over 4 trades today ... very pleased with myself

I'm stopping for the day now. Quitting while I'm ahead ... what a buzz!
Attached Image (click to enlarge)
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  • #13,283
  • Sep 21, 2009 6:06am Sep 21, 2009 6:06am
Quoting stratman
This was a perfect trade for me (see picture)

I've done 54 pips over 4 trades today ... very pleased with myself

I'm stopping for the day now. Quitting while I'm ahead ... what a buzz!

nice tradin' patnah !

I missed out on dozens and dozens of pips...couldn't get into a rhythm...

screw it...I need a break...going since the beginning of Tokyo...

WTF that last bounce was preceeded by bullish divergence in 5 min and trix crossing the 0 line...the only trades I really like and I hesitated

oh well...hopefully I'll live to trade in a couple of hours......this damn PA is mocking me ! 1.4670 !! from 44...
Deprive a man of everything and you give him nothing to lose.
  • #13,284
  • Sep 21, 2009 6:12am Sep 21, 2009 6:12am
Quoting stratman
This was a perfect trade for me (see picture)

I've done 54 pips over 4 trades today ... very pleased with myself

I'm stopping for the day now. Quitting while I'm ahead ... what a buzz!

yeah that was a nice trade....just looked at the zoomed image...there was bearish divergence and trix fast cross of the slow and cross of the 0 line...those are really probable....and, although I cannot see it now, I think the divergence was at the bounce off of the Coral...

keep postin' your trades...please...
Deprive a man of everything and you give him nothing to lose.
  • #13,285
  • Sep 21, 2009 7:38am Sep 21, 2009 7:38am
Attached Image (click to enlarge)
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  • #13,286
  • Sep 21, 2009 11:17am Sep 21, 2009 11:17am
Nice trade.

The turnpoint was also easily to observe in USDCHF at bounce of R3.

To the ones that still don't know, the USDCHF usually correlates contrary to E/U. and I recommend to analyse that pair on an additional template.


Quoting stratman
I'm in a long from 1.4658 based on a 1 hr pin bar and M5/M1 THV entry.

Good S/R around 1.4645 on 4 hr and daily chart.

I waited for a pull back on the height of the H1 pin bar ... Fib to 61.8%retrace. Didn't enter until confirmed long on THV M1.

Was this legit?
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  • #13,287
  • Sep 21, 2009 11:30am Sep 21, 2009 11:30am
That happens once a while, have a break and start over again, the market will be there when you're ready.

Today is bank holiday in Japan, so you have plenty time to relax.

Quoting cashmeer

screw it...I need a break...going since the beginning of Tokyo...

WTF that last bounce was preceeded by bullish divergence in 5 min and trix crossing the 0 line...the only trades I really like and I hesitated

oh well...hopefully I'll live to trade in a couple of hours......this damn PA is mocking me ! 1.4670 !! from 44...
  • #13,288
  • Sep 21, 2009 1:15pm Sep 21, 2009 1:15pm
I'm actually coding a new toy, the THV Meter.

That is a resume of many facts, like PA above coral, above cloud, HA candle green, above DP, fast Trix geen, Slow trix green, Trix crossed to positive, Trix crossed zero etc. for a long in this example (not at the chart).

Every parameter has a value which later will be divided and give an idea of the probability of a trade.

At the moment I only use similar indications (RSI, MA's etc.) as I'm still learning how to call icustom without using buffers which I don't have anymore in the Trix indi.

All you see, except the main window is one only indicator (4700 coding lines at this timestamp).

The realtime world clock I "borrowed" from another indi.

That will take a lot of time and work but it's in progress, the base is done.
Attached Image (click to enlarge)
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  • #13,289
  • Sep 21, 2009 1:42pm Sep 21, 2009 1:42pm
Cobra,

Would you please explain what you meant by "above DP". Thank you!

"That is a resume of many facts, like PA above coral, above cloud, HA candle green, above DP, fast Trix geen, Slow trix green, Trix crossed to positive, Trix crossed zero etc. for a long in this example (not at the chart)."
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  • #13,290
  • Sep 21, 2009 1:45pm Sep 21, 2009 1:45pm
Quoting cobraforex
I'm actually coding a new toy, the THV Meter.

That is a resume of many facts, like PA above coral, above cloud, HA candle green, above DP, fast Trix geen, Slow trix green, Trix crossed to positive, Trix crossed zero etc. for a long in this example (not at the chart).

Every parameter has a value which later will be divided and give an idea of the probability of a trade.

At the moment I only use similar indications (RSI, MA's etc.) as I'm still learning how to call icustom without using buffers which I don't have anymore in the Trix indi....
Cobra, I have come to believe "less is best". But as you and I have discovered, sometimes the coding necessary to make the chart clean and clear, but poignant, is anything but less! I applaud you on this new indicator that gathers and consolidates much information into a clean and clear display! You are to be greatly appreciated and respected for this effort.
  • #13,291
  • Sep 21, 2009 1:54pm Sep 21, 2009 1:54pm
Yep T@H, do you know the feeling when you took a trade and some minutes later you notice that you didn't follow the rules and get pi$$ed off with yourself trying to get off of that trade with BE?

With this indicator it will happen less as it's like a trading checklist, list filled =>trade.

Quoting traderathome
Cobra, I have come to believe "less is best". But as you and I have discovered, sometimes the coding necessary to make the chart clean and clear, but poignant, is anything but less! I applaud you on this new indicator that gathers and consolidates much information into a clean and clear display! You are to be greatly appreciated and respected for this effort.
  • #13,292
  • Sep 21, 2009 1:58pm Sep 21, 2009 1:58pm
DP = Daily Pivot

Quoting antonioforex
Cobra,

Would you please explain what you meant by "above DP". Thank you!

"That is a resume of many facts, like PA above coral, above cloud, HA candle green, above DP, fast Trix geen, Slow trix green, Trix crossed to positive, Trix crossed zero etc. for a long in this example (not at the chart)."
  • #13,293
  • Sep 21, 2009 1:58pm Sep 21, 2009 1:58pm
Thanks!!

Quoting cobraforex
DP = Daily Pivot
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  • #13,294
  • Sep 21, 2009 2:11pm Sep 21, 2009 2:11pm
One more question. I am trying to trade on 1M but the coral line isn't showing on 1M. Anyone knows how to fix it? Thanks
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  • #13,295
  • Sep 21, 2009 2:15pm Sep 21, 2009 2:15pm
Go to the coral properties and check like in the pic.

Quoting antonioforex
One more question. I am trying to trade on 1M but the coral line isn't showing on 1M. Anyone knows how to fix it? Thanks
Attached Image
  • #13,296
  • Sep 21, 2009 2:18pm Sep 21, 2009 2:18pm
You're simply the best man! Thank you very much!

Antonio


Quoting cobraforex
Go to the coral properties and check like in the pic.
{Promotion Removed}
  • #13,297
  • Sep 21, 2009 2:25pm Sep 21, 2009 2:25pm
Mrs. Cobra says the same (not always)

Quoting antonioforex
You're simply the best man!
Antonio
  • #13,298
  • Sep 21, 2009 2:28pm Sep 21, 2009 2:28pm
Yep T@H, do you know the feeling when you took a trade and some minutes later you notice that you didn't follow the rules and get pi$$ed off with yourself trying to get off of that trade with BE?

With this indicator it will happen less as it's like a trading checklist, list filled =>trade.


Glad to hear im not the only one that feels like this some times, looking forward to the release off the new indicator..

All the best from Ireland

Rebel
  • #13,299
  • Sep 21, 2009 10:19pm Sep 21, 2009 10:19pm
Anyone have any advice on how to take profit and handle losses on M5 using CaveManager?

Right now I am taking profit by pip batches

15pips - 30%
25pips - 30%
Trailing Stop @ 25pips
No Loss after 10pips
Take Profit - 120pips

And losses are:

15pips - 25%
20pips - 25%
30pips - 25%
Stop Loss - 40pips

Unfortunately I think this needs refinement, although I win a lot more then I lose, I lose a lot more when I do then what I usually take in profit when I win.

On M5 the 10-15pip mark seems to be hit a lot and I usually only trade divergence signals since they are high hit ratio. But when I'm wrong I almost always hit 20pips loss at least so maybe I should make these smaller and just get out quickly when I'm wrong? But I still want to give a little breathing room in case in takes 10-15mins before the divergence signal goes the right way. So many hard choices.
  • #13,300
  • Sep 21, 2009 10:40pm Sep 21, 2009 10:40pm
Quoting cobraforex
I'm actually coding a new toy, the THV Meter.




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