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THV system, final edition

  • #14,281
  • Oct 7, 2009 8:25am Oct 7, 2009 8:25am
Quoting trendman
if you're looking for a good tradigng system go and have a look at the http://www.forexfactory.com/showthread.php?t=196465
Thanks..... but Ive got enough problems trying to learn this one.......I just need some good guidence for scalping.

Not a fan of those indicators, like Macd, but if it works for you then great. Cobra has spent a lot of time on this stuff with some other very good programmers and I have faith in it I just dont know how to use the %$*@# thing !! Arrghhhh
  • #14,282
  • Oct 7, 2009 8:40am Oct 7, 2009 8:40am
Hello ..
I am with open orders in several pairs, I would like to know the opinion of you about them:

Thanks

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I am Brazilian and I never give up!
  • #14,283
  • Oct 7, 2009 8:41am Oct 7, 2009 8:41am
Three more...

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I am Brazilian and I never give up!
  • #14,284
  • Oct 7, 2009 8:44am Oct 7, 2009 8:44am
Quoting ab1
Thanks..... but Ive got enough problems trying to learn this one.......I just need some good guidence for scalping.

Not a fan of those indicators, like Macd, but if it works for you then great. Cobra has spent a lot of time on this stuff with some other very good programmers and I have faith in it I just dont know how to use the %$*@# thing !! Arrghhhh
so for quick scalping here is a system which I've combined with Cobra's system,
Only 1 min chart, set moving avarages 30EMA HIGH-30 EMA LOW(BOTH IN RED)
and 10EMA CLOSE(IN BLUE) , rule is simple when 10 EMA cuts trough both 30ema high and low (upward or downwards) and follow the TRIX also my macd formula which is 20,62,57 and you'll star making good pips, believe me, I look after my family with this job.
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  • #14,285
  • Oct 7, 2009 8:48am Oct 7, 2009 8:48am
Quoting trendman
so for quick scalping here is a system which I've combined with Cobra's system,
Only 1 min chart, set moving avarages 30EMA HIGH-30 EMA LOW(BOTH IN RED)
and 10EMA CLOSE(IN BLUE) , rule is simple when 10 EMA cuts trough both 30ema high and low (upward or downwards) and follow the TRIX also my macd formula which is 20,62,57 and you'll star making good pips, believe me, I look after my family with this job.
Trendman,

Very interesting, can you post a chart please?
  • #14,286
  • Oct 7, 2009 8:58am Oct 7, 2009 8:58am
Quoting trendman
so for quick scalping here is a system which I've combined with Cobra's system,
Only 1 min chart, set moving avarages 30EMA HIGH-30 EMA LOW(BOTH IN RED)
and 10EMA CLOSE(IN BLUE) , rule is simple when 10 EMA cuts trough both 30ema high and low (upward or downwards) and follow the TRIX also my macd formula which is 20,62,57 and you'll star making good pips, believe me, I look after my family with this job.
Ok Trendman lets give it a go it cant get any worse today....

So picture below, Ive marked the entry with a grey circle, I get that bit ! (the red emas are like Keltner channels ?)
whats everything esle doing and when do you get out please ?

cheers
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  • #14,287
  • Oct 7, 2009 9:00am Oct 7, 2009 9:00am
Quoting Noel
Trendman,

Very interesting, can you post a chart please?
here we go
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  • #14,288
  • Oct 7, 2009 9:12am Oct 7, 2009 9:12am
Quoting ab1
Ok Trendman lets give it a go it cant get any worse today....

So picture below, Ive marked the entry with a grey circle, I get that bit ! (the red emas are like Keltner channels ?)
whats everything esle doing and when do you get out please ?

cheers
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AB1

My friend , I'm a scalper so for me 5-15 pips a trade is more than enough for me , a day I take max. 10 -15 trades ,that is it, my target is 50 pips a day ,that is it, and I leave the table after 50 pips,so if you think trend is strong stay in it but I don't I always take my profit when I'm satisfied with it.
Alway use cobra's pivots and fibo pivots that is how I trade also look at the 5 min chart with setup of 20ema,62 ema 57 sma that will give you a good indication for the trend.
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  • #14,289
  • Oct 7, 2009 9:17am Oct 7, 2009 9:17am
Quoting trendman
AB1

My friend , I'm a scalper so for me 5-15 pips a trade is more than enough for me , a day I take max. 10 -15 trades ,that is it, my target is 50 pips a day ,that is it, and I leave the table after 50 pips,so if you think trend is strong stay in it but I don't I always take my profit when I'm satisfied with it.
Alway use cobra's pivots and fibo pivots that is how I trade also look at the 5 min chart with setup of 20ema,62 ema 57 sma that will give you a good indication for the trend.
Ok I going to give this a go, so please dont go anywhere !

Why am I looking at Macd aswell what is that telling me that Trix and the Emas are not please ?
  • #14,290
  • Oct 7, 2009 9:20am Oct 7, 2009 9:20am
Quoting trendman
AB1

My friend , I'm a scalper so for me 5-15 pips a trade is more than enough for me , a day I take max. 10 -15 trades ,that is it, my target is 50 pips a day ,that is it, and I leave the table after 50 pips,so if you think trend is strong stay in it but I don't I always take my profit when I'm satisfied with it.
Alway use cobra's pivots and fibo pivots that is how I trade also look at the 5 min chart with setup of 20ema,62 ema 57 sma that will give you a good indication for the trend.
Another quick 10 pips
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  • #14,291
  • Oct 7, 2009 9:25am Oct 7, 2009 9:25am
Quoting trendman
Another quick 10 pips
Thanks for posting the chart, looks very good!
  • #14,292
  • Oct 7, 2009 9:36am Oct 7, 2009 9:36am
Quoting trendman
Another quick 10 pips
Thanks for posting your method! It looks great!!! I've been trying to figure out how I could trade THV better to filter out bad signals, and this would do just that.

By the way, how do you use the MACD with your method? and with the M5 chart, I've placed the 3 MA lines, which are 2 EMA and 1 SMA lines, all closed right? How do I go about using them to see the overall trend? If all three lines are facing the same direction on the M5 chart? Also, it looks like you don't use the coral or cloud into your trade consideration?

Thanks again.
  • #14,293
  • Oct 7, 2009 9:38am Oct 7, 2009 9:38am
Quoting Noel
Thanks for posting the chart, looks very good!
also guys , remember 5 min chart with macd setup 20,62,57 will give you a good sign where the trend is, like what I'm seeing right now is on 5 min chart down trend is slowing because macd is quite slow
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  • #14,294
  • Oct 7, 2009 9:42am Oct 7, 2009 9:42am
Quoting ab1
Ok Dudes I give up !

Made 70 pips lost 135 pips....so thats a loss today so far of -65 pips.

H4 technique out the window...not working .....

I think Ill go read some more this is not working for me

ab1
Hi ab1

You can not test system for one or two days an give up from it. It takes time and patience.

When you trade on h4 it takes for days, not for couple hours.

This is what I have done on two demo acc in last two days!

Dont give up man!
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  • #14,295
  • Oct 7, 2009 10:07am Oct 7, 2009 10:07am
Quoting trendman
also guys , remember 5 min chart with macd setup 20,62,57 will give you a good sign where the trend is, like what I'm seeing right now is on 5 min chart down trend is slowing because macd is quite slow
Ok TRENDMAN , so lets talk a bit more...so blue ema line crosses both red ema's and trix is not always showing the same direction ? macd shows us a vertical dotted line when yellow crosses red, which is like conformation of blue crossing red ema I think.

Good news is I m getting the pips back just scalped 10 pips in 10 mins.

I can sort of see Cobra's point about getting in and out quick...that way you have very little to influence your trade because your not in for long enough....good system dude.

Once you get out do you ever go back in again or do you just wait for a wave reversal.

Do it work on any pair ? or have you customised it to EURUSD

cheers


ab1
  • #14,296
  • Oct 7, 2009 10:08am Oct 7, 2009 10:08am
Trendman,

I just caught 8pips with your system on EUR/USD 1M.

Did you get on this trade as well? I am still not sure when to exit though. I just exited since I thought 8pips was pretty good for a 1M scalp.

http://img158.imageshack.us/img158/9971/eurusd1m.jpg
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  • #14,297
  • Oct 7, 2009 10:09am Oct 7, 2009 10:09am
Quoting Nobitacu
Thanks for posting your method! It looks great!!! I've been trying to figure out how I could trade THV better to filter out bad signals, and this would do just that.

By the way, how do you use the MACD with your method? and with the M5 chart, I've placed the 3 MA lines, which are 2 EMA and 1 SMA lines, all closed right? How do I go about using them to see the overall trend? If all three lines are facing the same direction on the M5 chart? Also, it looks like you don't use the coral or cloud into your trade consideration?

Thanks again.
try these templates,
I only use trix ,no cloud no coral
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File Type: tpl 5 min chart.tpl   42 KB | 797 downloads
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  • #14,298
  • Oct 7, 2009 10:12am Oct 7, 2009 10:12am
Quoting antonioforex
Trendman,

I just caught 8pips with your system on EUR/USD 1M.

Did you get on this trade as well? I am still not sure when to exit though. I just exited since I thought 8pips was pretty good for a 1M scalp.

http://img158.imageshack.us/img158/9971/eurusd1m.jpg
Yes ,i was in, I took a bit risk by following 5 min macd and jumped in at the very bottom so took 20pips, you just need to get use to the system
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  • #14,299
  • Oct 7, 2009 10:12am Oct 7, 2009 10:12am
Quoting trendman
try these templates,
I only use trix ,no cloud no coral
Thanks! This will help me greatly!
  • #14,300
  • Oct 7, 2009 10:14am Oct 7, 2009 10:14am
Quoting Mihailo
Hi ab1

You can not test system for one or two days an give up from it. It takes time and patience.

When you trade on h4 it takes for days, not for couple hours.

This is what I have done on two demo acc in last two days!

Dont give up man!
Hi Mihailo

Im not suggesting its not a good system (H4)...its about confidence and belief...and for me when you make losses as a farily new comer to Forex, it destroys you completely dude.....

I have had enough testing.... testing.... testing.... doing my time as a newbie, anyones system that works and makes pips...they are GOD and my mentor...............hello trendman !
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