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THV system, final edition

  • #13,361
  • Sep 23, 2009 6:31pm Sep 23, 2009 6:31pm
Now if you can get it to corner 1 would be

Quoting stratman
H4 mini chart with candles ... OK?
  • #13,362
  • Sep 23, 2009 6:49pm Sep 23, 2009 6:49pm
Save your SET and upload it here so that I can help you check the settings.

Quoting decidence
Another CaveManager question.

I've tried to improve my MM this way on M5 chart, trading divergence signals only at the moment.

50% SL @ 10pips
50% SL @ 15pips
50% TP @ 15pips
25% TP @ 25pips
25% Classic Trailing Stop @ 25pips
No Loss after 10pips Active

Now what I notice is when a EA functions as expected for the 15 and 25pip TPs, but for some reason as soon as the Trailing Stop activates it takes my final batches out at that time, I'm trying to come up with a solution for how get the EA to let some of my lots ride the wave.
  • #13,363
  • Sep 23, 2009 8:09pm Sep 23, 2009 8:09pm
Quoting stratman
H4 mini chart with candles ... OK?
  • #13,364
  • Sep 23, 2009 8:13pm Sep 23, 2009 8:13pm
Here's a trade that I'm +33 right now

See my D1, H4 and H1 charts below ... I add my THV entry on next post

D1 chart: Trend down ... PA just below resitance with support a good distance away.

H4 chart: Fib pull back to between 50.0-61.8 and close below 50%

H1 chart: Retest of previous support now is resitance
Attached Images
  • #13,365
  • Sep 23, 2009 8:17pm Sep 23, 2009 8:17pm
Quoting stratman
Just did 3 quick scalps on GPDUSD on 1 min using THV to confirm small Pinbar shown on M15.

I'm buzzing again ... check the pic below (account history shown to prove trades). Did initial up move, then countertrend trade at top, then another small up!

Made a total of 72 Pips!!!

Hi Stratman

Is the small GBPUSD charts an indicator? If yes where is it possible to download?
Thanks
  • #13,366
  • Sep 23, 2009 8:17pm Sep 23, 2009 8:17pm
On my 5M THV chart, you can see my entry.

PA has dropped below DP ... expecting it to retrace back to it before continuing short?

EDIT: Forgot to mention that I marked off smallish divergence on the trix window.

There was a news announcement shortly after I entered my trade ... with all the setup that I saw, it was worth the risk (1% of equity)
Attached Image (click to enlarge)
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  • #13,367
  • Sep 23, 2009 8:26pm Sep 23, 2009 8:26pm
Quoting robmanz
Hi Stratman

Is the small GBPUSD charts an indicator? If yes where is it possible to download?
Thanks
You will find a copy a few posts back (in this THV thread).

I'm adding some more features and a manual before I release a 'real' version ie I'm still in beta (version 0.5 right now)
  • #13,368
  • Sep 23, 2009 8:36pm Sep 23, 2009 8:36pm
I was trying to find the indicator that displays 4 bars, daily, 4 hr, 1 hr and 30 min.... with read, yellow and green showing the trend for each time frame. Does anyone have an indicator like this?

Multi time frame - trend indicator
Gator - Trader Learning and Earning
  • #13,369
  • Sep 23, 2009 8:42pm Sep 23, 2009 8:42pm
Here's how the USDJPY trade is progressing ... I'm expected an attempt on the 38.2 Fib (just above DP).

I could scalp this trade ie take a quick profit .... maybe I should be using the cave manger EA.

If I want to continue the trade ... should I put my stop just above 38.2 fib?

I'm writing all this so that others (newer than me ... if that's possible) can follow a real THV trade from start to finish and the thought processes one goes through ... I could have made 34 Pips if I got out earlier then re-entered on the retracement ... but noone really knows the future.

EDIT: the THV chart is H1 ... please don't get confused ie I entered on the M5/M1 charts and only showing the H1 chart for you to see the Fib correctly.
Attached Images
  • #13,370
  • Sep 23, 2009 8:43pm Sep 23, 2009 8:43pm
Quoting gator-trader
I was trying to find the indicator that displays 4 bars, daily, 4 hr, 1 hr and 30 min.... with read, yellow and green showing the trend for each time frame. Does anyone have an indicator like this?

Multi time frame - trend indicator
looks like this indi is going to be popular ... read back a few posts to get a copy (note it is still in beta)
  • #13,371
  • Sep 23, 2009 8:45pm Sep 23, 2009 8:45pm
Quoting stratman
H4 mini chart with candles ... OK?

OMG! Stevie Ray Vaughn lives! [mmm..for those die hard fans maybe not so funny...RIP]

Nice indie--it'll save me from doing some flippin'

lookin' forward to it.
--- Gone --- RIP 11/27/09
  • #13,372
  • Sep 23, 2009 9:11pm Sep 23, 2009 9:11pm
M5 chart shown ... 38.2 Fib being tested as expected

EDIT: note that I've drawn a channel in Blue ... seems to be following it.

If it breaks the channel, I'll probably close the trade.

Or, I'll be looking for PA to strike initial support where my yellow arrow is.

Am I thinking right? I'm still learning.
Attached Image
  • #13,373
  • Sep 23, 2009 9:26pm Sep 23, 2009 9:26pm
Quoting stratman
M5 chart shown ... 38.2 Fib being tested as expected

EDIT: note that I've drawn a channel in Blue ... seems to be following it.

If it breaks the channel, I'll probably close the trade.

Or, I'll be looking for PA to strike initial support where my yellow arrow is.

Am I thinking right? I'm still learning.

I can't tell if you're long or short--but if you're short I would take my pips as there is a huge bull divergence forming on the 15M chart.

[sorry for the messy chart, but UJ is a pair I scalp from only- and the arrows for me indicate an ichimoku cross and the go BOING]

the divergence lines are white
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--- Gone --- RIP 11/27/09
  • #13,374
  • Sep 23, 2009 9:28pm Sep 23, 2009 9:28pm
Still following this USDJPY trade?

Another valid entry on THV? (5M chart) ... note divergence is still present

EDIT: oops ... don't think that could be classed as divergence
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  • #13,375
  • Sep 23, 2009 9:49pm Sep 23, 2009 9:49pm
I'm short ... if it moves out of my channel (in blue) I'm out ... stop in the thick red

Quoting IrishPips
I can't tell if you're long or short--but if you're short I would take my pips as there is a huge bull divergence forming on the 15M chart.

[sorry for the messy chart, but UJ is a pair I scalp from only- and the arrows for me indicate an ichimoku cross and the go BOING]

the divergence lines are white
EDIT: Maybe I should have exited when it retested the Yellow trend line support?
Attached Image (click to enlarge)
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  • #13,376
  • Sep 23, 2009 10:33pm Sep 23, 2009 10:33pm
If this is a true THV trade .... when should I exit ... should I keep this going or get out now?
Attached Image
  • #13,377
  • Sep 23, 2009 10:45pm Sep 23, 2009 10:45pm
I have no clue what pair and Tf it is (it's better to post complete charts) but you could TP and set a pending order below MS1

Quoting stratman
If this is a true THV trade .... when should I exit ... should I keep this going or get out now?
  • #13,378
  • Sep 23, 2009 10:49pm Sep 23, 2009 10:49pm
Quoting stratman
If this is a true THV trade .... when should I exit ... should I keep this going or get out now?
So far you have been very patient and it has been a good thing (this time). You were ready to exit a trade on the break of a trend line which was prudent. Exits are not hard-and-fast rules in THV. Some like to take 1/2 profit on a touch of a major s/r, some take profit after x pips, and some are good at riding it out. The key is to develop a trading plan and STICK TO IT. That is the #1 problem traders have - trading your plan (if they have one).

Darn Cobra you beat me to it. Shouldn't you be sleeping? lol
  • #13,379
  • Sep 23, 2009 10:51pm Sep 23, 2009 10:51pm
Got out for 45 Pips when Price hit a confluence of Big Round Number (91.000), trendline support and MS1.

My trade is the Thick Yellow line
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  • #13,380
  • Sep 23, 2009 10:57pm Sep 23, 2009 10:57pm
Quoting stratman
Got out for 45 Pips when Price hit a confluence of Big Round Number (91.000), trendline support and MS1
Now looking at the 4 hr, I got out of my short on support at around the 23.6 Fib (also MS1).

If break through here, looking for retest of 23.6 Fib and continuation of short but entry confirmation via THV M5/M1

EDIT: Because PA fell through 91.000, would we expect a test on it as Resistance now?
Attached Image
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