THV system, final edition | Page 738 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

THV System Trades & Patterns Thread 857 replies

THV 4 system with SAH; My Trading Journal 163 replies

Bow's trading journal (THV, Hmaoui simple system) 4 replies

My Journal - Based on THV V3.0 by Cobraforex 30 replies

the vouchers - THV System 2 replies

Attachments: THV system, final edition
Exit Attachments

THV system, final edition

  • #14,741
  • Oct 19, 2009 6:57am Oct 19, 2009 6:57am
Quoting cobraforex
We are about to hit a very important number, the 1.5000, it can happen any day.

This has a magic power and it will not be easy to break it without the push of a news event.

Once it's hit it's very likely that it will bounce before finaly break.

Meanwhile it wil range and you can take long and short at the same moment and TP when in profit.

Good candlestick knowledge can help in this time but to trade purely indicators will fail at this point as we aren't in a trending market.
nice

for today.. breack of fpv and tline from minimum of today.. tp is 4861
  • #14,742
  • Oct 19, 2009 7:16am Oct 19, 2009 7:16am
DP got broken but bounced back on round number 1.4900.

Be carefull with large TPs (if it's not a long term long) at the moment, take what the market wants to give.

Oil is up to 79 which doesn't favorite large shorts.

But hey, that doesn't mean that your TP can't be hit, everything is possible in FX.


Quoting pattinatore
nice

for today.. breack of fpv and tline from minimum of today.. tp is 4861
  • #14,743
  • Oct 19, 2009 7:24am Oct 19, 2009 7:24am
Quoting cobraforex
DP got broken but bounced back on round number 1.4900.

Be carefull with large TPs (if it's not a long term long) at the moment, take what the market wants to give.

Oil is up to 79 which doesn't favorite large shorts.

But hey, that doesn't mean that your TP can't be hit, everything is possible in FX.
i reversed long.. waiting today for 1.5!
  • #14,744
  • Oct 19, 2009 7:35am Oct 19, 2009 7:35am
Patti, you for curiosity, how did you come to 61?

I have 84 and 75 as key numbers in that zone.

BTW: I'm posting cause I filled the book for today, now only playing with a micro account for fun.

You all know that I don't post while trading.

Quoting pattinatore
i reversed long.. waiting today for 1.5!
Attached Image (click to enlarge)
Click to Enlarge Name: thv4 release45.jpg Size: 127 KB
  • #14,745
  • Oct 19, 2009 7:39am Oct 19, 2009 7:39am
That sounds very good to me, I'm against demo trading if it's not for trying out a system.

And the last point I fully agree with you.

One add: I would better try to archive 20 pips than 10 because you get more setups, just divide the risk.
To practice it will help you more.

Quoting smirnov
Thanks a lot for your reply and good advice. I played with demo but it doesn't give any feeling. I am not going to start with big money, just deposited $200, will treat it as $20 000, 1 cent for pip. My goal is to be able to make concistently 10 pips a day and I think the right application of your system can do it. If it is achievable - going to move back from Canada to Ukraine, where trading hours more convenient, much cheaper life and still can smoke in restaurants..
  • #14,746
  • Oct 19, 2009 7:49am Oct 19, 2009 7:49am
Quoting cobraforex
Patti, you for curiosity, how did you come to 61?

I have 84 and 75 as key numbers in that zone.

BTW: I'm posting cause I filled the book for today, now only playing with a micro account for fun.

You all know that I don't post while trading.
i would mean 861 for short tp
i catch the short from 4922 to 4907 cause of the daily pivot, after bounce went long, cathed other pips and than on the breack of fpv( and also of the trendline from the min @4827 of today) i went short from 4904.. -18 pips than long for good pips

and now looking for a short trade.. today H-L is 131 pips.. daily average is 120.. i think in a retrace

edit: shorted from nice 5.5 pips.. now wait for president speaks
  • #14,747
  • Oct 19, 2009 7:52am Oct 19, 2009 7:52am
Market rhythm my friend...... PA moves in waves .... count them ...

You are entering at the end of those moves. Of course you will lose ....

Cheers,
CaveMan

Quoting Ramadas
It seems it doesn't work for me...Could someone analyze what I did wrong? I followed the system, psych levels, r&s levels and still lose....

http://i614.photobucket.com/albums/t...1913-50-57.png

and

http://i614.photobucket.com/albums/t...1913-51-50.png...
  • #14,748
  • Oct 19, 2009 8:00am Oct 19, 2009 8:00am
Yep, I understood that, my numbers had an mental 8 in front as well.

But even if I fib the last bull move I get 875 as 61.8%.

Quoting pattinatore
i would mean 861 for short tp
  • #14,749
  • Oct 19, 2009 8:03am Oct 19, 2009 8:03am
Just wondering if you can recommend what is the best correlation for EUR/USD during New York session - is it Dow Jones, Nasdaq, S&P, oil, gold...? wanted to put some ticker to the screen
  • #14,750
  • Oct 19, 2009 8:03am Oct 19, 2009 8:03am
How many waves must a trader walk down, before you call him stopped out? La la.

Quoting caveman
Market rhythm my friend...... PA moves in waves .... count them ...

You are entering at the end of those moves. Of course you will lose ....

Cheers,
CaveMan
  • #14,751
  • Oct 19, 2009 8:04am Oct 19, 2009 8:04am
Quoting cobraforex
Yep, I understood that, my numbers had an mental 8 in front as well.

But even if I fib the last bull move I get 875 as 61.8%.
my tp was S1 (usually i use mr-wr wmr for large tp from h1 chart)
Attached Image (click to enlarge)
Click to Enlarge Name: Immagine 10.png Size: 42 KB
  • #14,752
  • Oct 19, 2009 8:14am Oct 19, 2009 8:14am
Ok, understand, but don't forget the Fibs and S&R in 4H.

Sometimes you miss a TP because there are other fat stones in the way which you didn't see.

Quoting pattinatore
my tp was S1 (usually i use mr-wr wmr for large tp from h1 chart)
  • #14,753
  • Edited 8:49am Oct 19, 2009 8:18am | Edited 8:49am
Quoting cobraforex
Ok, understand, but don't forget the Fibs and S&R in 4H.

Sometimes you miss a TP because there are other fat stones in the way which you didn't see.
thx cobra you are my forex teacher.. i read your post since almost a year.. and i'm now having some results

already took a nice long already in gain of 5 pips

edit: just closed with 7

edit2: damn it was good for 30 pips

edit3: i have a pending order at 70... for a breackout.. maybe today we can touch 1.49999

edit4: and with this last short trade (10 pips).. i collected about 40net nice pips for today.. with 36 trades, 72% of them positives..
  • #14,754
  • Edited 9:40am Oct 19, 2009 8:59am | Edited 9:40am
The answer, my friend, is trading with the trend,
the answer is trading with the trend **


** except of course when the market is ranging - then a trader might want to consider divergence trades too :-)


edit : attached example
Quoting cobraforex
How many waves must a trader walk down, before you call him stopped out? La la.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 93 KB
  • #14,755
  • Oct 19, 2009 9:14am Oct 19, 2009 9:14am
Cobra,

You are funny .... 3 strikes and the trader is out !!! .... lol ...

IMHO, trying to ride more than the 3rd wave is no longer a high probability trade ... we are not up there (higher TF), we are down here (lower TF)...

Should normally be in on the 1st wave if trading with the trend with THV for break of trend line or bounce off S/R or Pivot levels. If wrong analysis and miss the first wave, can always hop on for the 2nd wave. If still miss the 2nd wave, can still try for the 3rd wave. With every wave, the risk increases. After the 3rd wave, sit and wait for the reversal if it is part of the game plan. Otherwise wait for the next setup after reversal.

Cheers,
CaveMan

Quoting cobraforex
How many waves must a trader walk down, before you call him stopped out? La la.
  • #14,756
  • Oct 19, 2009 9:15am Oct 19, 2009 9:15am
Well said or should I say sung?

We'll be in the next top ten chart list with this song if Bob Dylan don't protest.

Quoting MissPips
The answer, my friend, is trading with the trend,
the answer is trading with the trend **


** except of course when the market is ranging - then a trader might want to consider divergence trades :-)
  • #14,757
  • Oct 19, 2009 9:19am Oct 19, 2009 9:19am
Completely agree Caveman, the problem is that some new traders are very trigger friendly and push the bottom when it was time to relax and have a coffee or tea for the english folks.

Quoting caveman
Cobra,

You are funny .... 3 strikes and the trader is out !!! .... lol ...

IMHO, trying to ride more than the 3rd wave is no longer a high probability trade ... we are not up there (higher TF), we are down here (lower TF)...

Should normally be in on the 1st wave if trading with the trend with THV for break of trend line or bounce off S/R or Pivot levels. If wrong analysis and miss the first wave, can always hop on for the 2nd wave. If still miss the 2nd wave, can still try for the 3rd wave. With every wave, the risk increases. After the...
  • #14,758
  • Oct 19, 2009 9:19am Oct 19, 2009 9:19am
Pattinatore,

You are over trading. Going by today's PA, you should have gotten your 40 pips in less than 5 trades. The range between mid pivot levels are quite wide.

Cheers,
CaveMan

Quoting pattinatore
edit4: and with this last short trade (10 pips).. i collected about 40net nice pips for today.. with 36 trades, 72% of them positives..
  • #14,759
  • Oct 19, 2009 9:24am Oct 19, 2009 9:24am
Quoting caveman
Pattinatore,

You are over trading. Going by today's PA, you should have gotten your 40 pips in less than 5 trades. The range between mid pivot levels are quite wide.

Cheers,
CaveMan
yes i know... i'm tring to reduce number of trades.. i was a stoks scalper and something remained in me 55 pips.. and i close my session now
cave when i find the time i'll send you all logs and EA sittings
  • #14,760
  • Oct 19, 2009 9:29am Oct 19, 2009 9:29am
Hi MissPips,

This I like.... when market goes into a range. Mark top and bottom. If pips range between them is wide enough, follow Fast Trix, target half the pip distance and cash those pips...

Cheers,
CaveMan

Quoting MissPips
** except of course when the market is ranging - then a trader might want to consider divergence trades :-)
4 traders viewing now