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THV system, final edition

  • #14,201
  • Oct 6, 2009 11:23am Oct 6, 2009 11:23am
SL too short or you might want to revise your entry points.
Quoting fxlol
Today two deals on -10(together -20).Both deals touch SL and immediately have left back.Already distemper is provided on remained week.Someday far in the future I shall also beautifully trade as Dear Cobra...
  • #14,202
  • Edited 11:47am Oct 6, 2009 11:30am | Edited 11:47am
Quoting fxlol
Today two deals on -10(together -20).Both deals touch SL and immediately have left back.Already distemper is provided on remained week.Someday far in the future I shall also beautifully trade as Dear Cobra...
Hi fxlol

This is so frustrating, Forex, I am today well down... One thing about Forex is this.....it is like any other business in terms of doing your time in the junior ranks. (I feel I am still in that process)

I have been in business for my self for over 20 years and if anyone said they were going to start up a business similar and expect to instantly make a fortune I would laugh at them......it just dont work like that....so why should forex be any different. It takes certain skills to be a trader...the system, be it THV or any other is one thing, but if you do not understand the fundementals of Forex and the money market then you are leaving yourself at the mercy of the SHARKS ! ... remember 95% fail in this market...fact.

I have been doing this for only 4 months, almost full time and when I look back even one month ago I knew nothing. As well as having a good system and knowing it inside out you also need to have an excellent understanding of money management to prevent you from stressing out everytime you open a trade. Another good asset is knowing when to trade...and more importantly when not too...like around news etc.

Someone once said to me that you would never get a major Bank trading around news and they have hundreds of brokers working for them , inside knowledge of the money markets and a major influence on the price....so why should we think its OK to do so armed with only a PC, MT4 & a internet connection.....lol

Another point I think important knowing is...support & resistance levels...aiming at Take profit targets with no knowledge of these is like driving to somewhere with no map of the road, you are blind.

Anyway my comments are only meant to be helpful rather the demoralising.... we shall not be beaten ! we love Forex and see its potential !

THV from Cobra is awesome...I just need to learn how to use it ! So if anyone is using this with success please can you tell me what you are doing because Im having trouble.

Cheers


ab1
  • #14,203
  • Oct 6, 2009 11:47am Oct 6, 2009 11:47am
Ab1, good post.

I explained that once with an example of an apple business (yeah, you're reading well, apples). FX is all about S&R, if you understand how to read S&R on the charts and know about confluence of many circumstances and correlation you are half way done, the rest is feeling.

That of course needs a lot of practice but this practice you can get with a 100$ account and nano lots, better don't trade demo.

Too many folks go too fast on too high pip value, that will make you lose the confidence of your trades as you are worried to lose.

Other than that, once you think that the coin dropped and you've done fine for some month you'll try to trade for a living, you can't do that with a good MM if you don't have enough equity and will fail.

To trade for a living you will need at least 25K (depends on your life standart and the country you live in) and a lot of time to come there.
  • #14,204
  • Oct 6, 2009 12:01pm Oct 6, 2009 12:01pm
Quoting cobraforex
Ab1, good post.

I explained that once with an example of an apple business (yeah, you're reading well, apples). FX is all about S&R, if you understand how to read S&R on the charts and know about confluence of many circumstances and correlation you are half way done, the rest is feeling.
Hi Cobra Forex......I am not worthy ...

So please tell me in basic terms how you trade ! Your System, what template you use ? why? TF, etc etc

Show me with pictures what you do and then I will have confidence to leave my trades open for long enough to make a profit rather than a loss.

Your comment on having a $25K account to survive Forex is very interesting....but see the logic that you need some capital to allow draw downs.

Teach me Master the ways of the FOREX ! !

cheers


ab1
  • #14,205
  • Oct 6, 2009 12:25pm Oct 6, 2009 12:25pm
It's all written in this thread, not just by me, there are many great traders which have left their wisdom here, but you'll need time to read it.

About the 25K, let's make a math.

When you do constantly 10% monthly (don't await much more when you are trading bigger accounts) you do 2500$ monthly on a 25K account. Are you able to live with that and is it worth the efforts and risks?

Anybody who is talking about winning 50% monthly constantly is very questionable, I don't know any traders that have this ability, but even if you could archive it you would need 5K to get the 2,5K.


Quoting ab1
So please tell me in basic terms how you trade !

ab1
  • #14,206
  • Oct 6, 2009 12:30pm Oct 6, 2009 12:30pm
Quoting cobraforex
It's all written in this thread, not just by me, there are many great traders which have left their wisdom here, but you'll need time to read it.
Dude.................

There are 14,000 posts...........

Do you have it in one document please ?

There are just too many opinions...

Im not being lazy, but I need to earn a living here... do you have the system written down as you the creator designed it to be used ?

Cheers
  • #14,207
  • Oct 6, 2009 12:39pm Oct 6, 2009 12:39pm
Quoting ab1
Dude.................

There are 14,000 posts...........

Do you have it in one document please ?

There are just too many opinions...

Im not being lazy, but I need to earn a living here... do you have the system written down as you the creator designed it to be used ?

Cheers
Cobra

Dont take my last post the wrong way.... it does look like Im being a bit up front & even a little rude... but please accept my intentions are only good.

May the pips be with you

ab1
  • #14,208
  • Oct 6, 2009 12:42pm Oct 6, 2009 12:42pm
No, my time is very limited and there is no more space left, sorry.

Quoting ab1
Do you have it in one document please ?
  • #14,209
  • Oct 6, 2009 12:44pm Oct 6, 2009 12:44pm
Don't worry, I have a thick skin.

Quoting ab1
Cobra

Dont take my last post the wrong way....

ab1
  • #14,210
  • Oct 6, 2009 12:58pm Oct 6, 2009 12:58pm
Quoting ab1
Hi fxlol

This is so frustrating, Forex, I am today well down... One thing about Forex is this.....it is like any other business in terms of doing your time in the junior ranks. (I feel I am still in that process)

I have been in business for my self for over 20 years and if anyone said they were going to start up a business similar and expect to instantly make a fortune I would laugh at them......it just dont work like that....so why should forex be any different. It takes certain skills to be a trader...the system, be it THV or any other is...
THV from Cobra is awesome sistem. Cobra and thv team is i think more then 5 years in this bussines they know scalp in TF M1, M5 very vell.
1.i dont understud why trade only with EUR-USD this is the most f$%&#d pair i meet. Big boy here steel money from you.
2.High TF is nice to trade with thv si more predictive.
3.in FF is ton of good post from good trader read, read.:nerd:
one chart for consider.
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  • #14,211
  • Oct 6, 2009 12:59pm Oct 6, 2009 12:59pm
Quoting ab1
Cobra

Dont take my last post the wrong way.... it does look like Im being a bit up front & even a little rude... but please accept my intentions are only good.

May the pips be with you

ab1
Hi ab1,

Just try to follow the rules from post 1 and dont think too much.

For start You do not need to understand everything, it will come with the time.

Practice ... Practice... Patience....Practice....Patience....

Every job is good enought but You need to be in focus

Good luck.
  • #14,212
  • Oct 6, 2009 1:03pm Oct 6, 2009 1:03pm
Quoting forxc
THV from Cobra is awesome sistem. Cobra and thv team is i think more then 5 years in this bussines they know scalp in TF M1, M5 very vell.
1.i dont understud why trade only with EUR-USD this is the most f$%&#d pair i meet. Big boy here steel money from you.
2.High TF is nice to trade with thv si more predictive.
3.in FF is ton of good post from good trader read, read.:nerd:
one chart for consider.
Exelent post Slovenac!

Buy when it's cheep, sell when it's expensive!

So easy! Life is easy but people compicate it all the time!

Živ bio bro!
  • #14,213
  • Oct 6, 2009 1:09pm Oct 6, 2009 1:09pm
Quoting forxc
THV from Cobra is awesome sistem. Cobra and thv team is i think more then 5 years in this bussines they know scalp in TF M1, M5 very vell.
1.i dont understud why trade only with EUR-USD this is the most f$%&#d pair i meet. Big boy here steel money from you.
2.High TF is nice to trade with thv si more predictive.
3.in FF is ton of good post from good trader read, read.:nerd:
one chart for consider.

And what are your favorite pairs to trade? and do you scalp/daytrade or only trading the 4H charts?

I have only 2 days time in a week at the moment to pratice the system. I made today some nice pips but was very busy so could not concetrade on trading forex. But i feel this system is so good, but you need to practice a lot!
  • #14,214
  • Oct 6, 2009 1:15pm Oct 6, 2009 1:15pm
About S&R

I have this heatmap where I draw HLs as possible turnpoints.

This map I'm working since breakout of the box, look to where we got today.

If this actual level gets broken I'll take a long at 1.4670 around, PA will find strong support there and it will be good for some pips. If it doesn't go there I'll wait for a break or bounce of todays high.

I'm not a brilliant trader but mostly happens what I imagen, you'll see that if you backread my posts. Anyhow I have my bad days like everybody.

Also whatever I write is meant as short term trades, I prefere to take 5 or 10 high valued pips than having my winner converted in a loser.
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  • #14,215
  • Oct 6, 2009 1:18pm Oct 6, 2009 1:18pm
Quoting cobraforex
Don't worry, I have a thick skin.
I suspect you need to, having to be the MAN regarding this massive thread.

Anyway no offence meant.........RESPECT !
  • #14,216
  • Oct 6, 2009 1:19pm Oct 6, 2009 1:19pm
Quoting cobraforex
Don't worry, I have a thick skin.
And from what I gather cobras shed their skins as they grow.

OK now I have a couple of queries :

1 Is anyone attempting to write a trading EA ( nice and simple ) that enters a trade on the colour change of fast Trix and bar ( trix red --> green, bar green enter trade ). Close trade on Trix colour change.

2. I am not a programmer nor do know the workings of MT 4 throughly. So can such a EA be back tested and does MT 4 generate a perfomance report.

Attached is a chart that I have been testing and trading in a manner similar to the H4 method that has been mentioned before. As I had some issues with HA candles I switched over to Renko. I use all other THV indicators that will work with Renko charts. Scalping is not my style as I found that I was constantly second guessing myself and closing what turned out to be good trades. So I have always traded THV on larger time frame. The afore mentioned EA if it backtest well would be almost a "set it and forget it " solution.
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  • #14,217
  • Oct 6, 2009 1:24pm Oct 6, 2009 1:24pm
Quoting ab1
Dude.................

There are 14,000 posts...........

Do you have it in one document please ?

There are just too many opinions...

Im not being lazy, but I need to earn a living here... do you have the system written down as you the creator designed it to be used ?

Cheers
Believe me it's worth to read this thread from the beginning to understand the system better. And you can find your way to follow it. What works for me is 1H TF on USD/JPY - when slow trix turn red sell, when turns green exit/buy, pretty good results...
  • #14,218
  • Oct 6, 2009 1:27pm Oct 6, 2009 1:27pm
Quoting forxc
THV from Cobra is awesome sistem. Cobra and thv team is i think more then 5 years in this bussines they know scalp in TF M1, M5 very vell.
1.i dont understud why trade only with EUR-USD this is the most f$%&#d pair i meet. Big boy here steel money from you.
2.High TF is nice to trade with thv si more predictive.
3.in FF is ton of good post from good trader read, read.:nerd:
one chart for consider.
Cool .............I am using your system H4 from yesterday on 15 pairs, but sometimes when the fast trix changes colour, say, from green to red you enter and within a few mins it goes back to green ??

So are we waiting for the candle to close before we consider it a valid signal.

Cheers


ab1
  • #14,219
  • Oct 6, 2009 1:32pm Oct 6, 2009 1:32pm
You can use the THV EA for that and set all other options (there are zillions) to zero.

But that won't work, it would be too easy and there is no easy thing in this biz (in my opinion)

You can't replace the "feeling" of a trader.

Quoting Nagpada
And from what I gather cobras shed their skins as they grow.

OK now I have a couple of queries :

1 Is anyone attempting to write a trading EA ( nice and simple ) that enters a trade on the colour change of fast Trix and bar ( trix red --> green, bar green enter trade ). Close trade on Trix colour change.

2. I am not a programmer nor do know the workings of MT 4 throughly. So can such a EA be back tested and does MT 4 generate a perfomance report....
  • #14,220
  • Oct 6, 2009 1:35pm Oct 6, 2009 1:35pm
Quoting Thierry
And what are your favorite pairs to trade? and do you scalp/daytrade or only trading the 4H charts?

I have only 2 days time in a week at the moment to pratice the system. I made today some nice pips but was very busy so could not concetrade on trading forex. But i feel this system is so good, but you need to practice a lot!
i dont have favorite pairs.when London open look at 20 different pair H4 and D1, look for big trix swing.today i did not trade til 4 pm then jump in 6 trade now i have +101pip. you know in h4 is 1 day only 16 bar. so i look at chart only to lock the profit.
i was i total luzer in scalp a few month ago you know 1PT, 2SL.
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