THV system, final edition

Ive read through the very good "Day trading with THV M5", and it an excellent piece, my only immediate concerns is that H1 is used to establish trend directon.

It may be my inexperience here but I would always look to Daily for trend confirmation ? or is the H1 better for some reason ?

Yep, I think the first lesson you have learned, take a seat and study what's written here ab1.

D1 is good as a support but for daytrading 15M with 1H is prefered to catch fast moves.

Ok, H1 for M5 & Daily for M15........ got it !

Words of wisdom :


My first trades this morning..I didn't have all signals lined up...



But just look at 5M..



Have nice day...

Do we wait for the candle to close above the coral. In this picture it is above but not closed ?

Not sure, but I think on 5 min we not need wait for coral cross? more important on 1m to have both coral and cloud cross?

Cobra, can you please confirm. I remember reading some posts about missing lots of opportunities on M5 because of coral ... I've missed a couple of good trades today waiting for coral on M5.

Hi ab,

With best attention:
Sometime you have to look back at historic data (1d, 1w or even 1m) and make your own conclusions .. (do homework )… Because some1 will tell you, I wait close above , and other, I only wait break to get in…. so take what works for you…


have nice 1...


PS:In the forex world you are alone, and if you want to be successful start making your own conclusions and test them…and shere them

Now that move you did there, I would have assumed because the trix was flat leading up to the upward price move, I would have left it.

Im always looking for a steeper angle between the fast & slow trix....so what made you take that ?

Ok This example of the GBPUSD, we had a nice 100+ pips short trade before, its retraced to the coral and has now broken throught the cloud & closed below. The trix is all red and past the zero line. The H1 is showning Down as well.

So this is a good entry....YES or NO ..please

+ 28 pip long ( thats +58 for the day ) ... I am now live trading so pleased I'm handling the psychological issues

This is my 3rd (and final) trade for today ... it's 11 pm and I need some sleep.

As usual ... here's the analysis and thv setup

EDIT: not very clear ... I got in after the pull back on the analysis chart (after PA broke the trendline)

Some nice trades there Stratman. I noticed that trend breakout on the EURUSD too, unfortunately I don't have enough time to trade over the next couple of weeks. I will have to live vicariously through your excellent trading

I'm curious what your criteria for exiting that trade was? Did you see the PA slow down and so try and pick the exit? Oh and have you given any thought to scaling out of trades as a variation?

Thank you Cobra and whole team for this super system!

Could someone tell me what I did wrong with this entry?
Thanks!

http://i614.photobucket.com/albums/t...what-wrong.png

EU 5
GU 15
AU 1

Does anyone know how to reduce the spread on AU with IBFX? I tried right clicking, but it ignores me!

Congratulations on what appears to be an extremely easy system to use.

My MT4 even talks to me in a female voice.... but I haven't been able to catch a glimpse of her yet... Hope she's not like the phone sex lovelies in Blues Bros 2000!

Second congratulations on approaching 1000 pages with this thread! Tolstoy would be jealous!

Actually, that is what kept me ducking in and out of here for about a fortnight. Something with this level of sustained activity must have merit.

Has been a real marathon, and I cheated... I have not read the lot, not anywhere near it, and then Cobra is advising to go read James16 (Is that in the Bible or on this forum, or is this forum the bible?). Hey, I do want to get to actually trade before I leave this mortal realm!

With all the versions, evolution, MTF mutations, tech problems, trade examples, etc, it was getting a bit confusing! In retrospect, maybe the thread should have been split accordingly.... retrospect is good, but for some reason I cannot find a broker who will allow me to trade with it!

So, as I had the manual for V3, I searched for the post of release of version 4 and came forward from there.

Once again, thanks to Cobra and team!

Hi, Mihailo,

your results look great, almost incredible. Actually you are trading even better then Cobra does.
I would like to know your checklist before opening a trade, at least your checklist for the trix - which criteria should trix meet (crossing, color, relation to slow trix and on which timeframes should these criteria be fullfiled.

Thanks:-)

I just wait for price to move above it... you can miss most of the move if you wait 5 minutes for the candle to close (as in your pic). As Decidence suggests in his checklist, I also wait for the previous candle to have closed above the cloud

Is it just me or the market is dead slow today? I didn't see that much clear signal to trade today.

What do you think?

It's a Bank Holiday here in U.S. It will be slow all day.

Have been trading forex and commodities for several years now (6). First post to this forum and just wanted to say after testing this system for a few weeks now, that the visual set that this system gives regarding price action is supberb. Does take a little time as with any system to get the nuances down. Don't know if this has been discussed before as have not had time to read the whole thread, but has anyone tested or looked at entering on the M5 then holding and exiting on the 1Hr chart? Also, needed to ask if this has been coded for any other trading platforms outside of Forex(MT4), i.e. Tradestation?

Good trading to all- Ride the Wave!

Yup, holiday here in the U.S. Because of that, not even sure if I'll trade this morning. I don't think we'll get much good movement all day.