THV system, final edition | Page 751 | 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

  • #15,001
  • Oct 28, 2009 9:49pm Oct 28, 2009 9:49pm
Hourly is forming as I suspected. We should easily see DP today-- and if this is truly the bottom, the classic reversal is to match the top of the last wave 148.3X [R1 area] before testing the lows, then we will resume the overall trend to the North Pole for Christmas to see Santa Claus.

If it fails at the DP [which is about the 50 fib of the last wave] probably more downside--doubtful though.

Just ideas.

[although I'm still doubtful we'll see 1.53... but it's just a theory ]
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 60 KB
--- Gone --- RIP 11/27/09
  • #15,002
  • Oct 28, 2009 9:59pm Oct 28, 2009 9:59pm
Following your thoughts on the letter.

Long as well and focussing on TP @ DP......and then take a little time off.

Using the M1 & M5 charts with trix next to each other makes it all a bit more visible for me.
  • #15,003
  • Oct 28, 2009 10:45pm Oct 28, 2009 10:45pm
Quoting cobraforex
1000 pages, 15.000 posts, over 2 million view hits and more than 200.000 downloads of V1 to V4....
Congratulate And Thank you Cobra!
But this else most beginning...
...I still not millionaire
  • #15,004
  • Oct 28, 2009 10:59pm Oct 28, 2009 10:59pm
Congrats cobra!
  • #15,005
  • Oct 28, 2009 11:58pm Oct 28, 2009 11:58pm
Someone asked for a proper fib picture-or how to use them

They should be drawn from the highest high/lowest low of each wave--- higher TF has more relavance. What I like to do , is if I'm scalping, I use the next higher TF to draw fibs from -there's waves within waves of each candle


The 0 should be placed at the very bottom/top of the wave --which can be tough to do --[never pick tops/bottoms]--but is more easily done once a trend is established.

MT4 basic fib tool doesn't have all the fibs [extensions especially past 100] might want to do some research and add those in.

hope this helps you
Attached Image (click to enlarge)
Click to Enlarge Name: fib.gif Size: 42 KB
--- Gone --- RIP 11/27/09
  • #15,006
  • Oct 29, 2009 12:02am Oct 29, 2009 12:02am
Thanks cobra from Germany !!!



Quoting cobraforex
1000 pages, 15.000 posts, over 2 million view hits and more than 200.000 downloads of V1 to V4....
  • #15,007
  • Oct 29, 2009 12:12am Oct 29, 2009 12:12am
[quote=cobraforex;3187228]Saved one for you IP, also a Glen is served.

Good stuff! Glenfidditch whiskey is always good

Cheers

[tink of glasses]
--- Gone --- RIP 11/27/09
  • #15,008
  • Oct 29, 2009 12:24am Oct 29, 2009 12:24am
Couldn't have explained it better.


Want another one?



Quoting IrishPips
Someone asked for a proper fib picture-or how to use them
  • #15,009
  • Oct 29, 2009 12:28am Oct 29, 2009 12:28am
Willkommen Guenter

Nun mal ran an die Arbeit, sind nur 15 tausend posts zu lesen.

Now get to work, are only 15 thousand posts to read.

Quoting guenter487
Thanks cobra from Germany !!!
  • #15,010
  • Edited 2:38am Oct 29, 2009 12:50am | Edited 2:38am
Hi Cobra,

In my opinion, the achievement is not the system, the indicators, or the EA. They are all great (and many thanks to the various developers) but it takes more than a good method to make a good trader or a good trading community.

The achievement is creating and sustaining the friendly, helpful and educational spirit of the THV forum over the long haul, making it a place where traders can learn and help others to become better traders.

Congratulations and thanks!


Quoting cobraforex
Willkommen Guenter

Nun mal ran an die Arbeit, sind nur 15 tausend posts zu lesen.

Now get to work, are only 15 thousand posts to read.
  • #15,011
  • Oct 29, 2009 12:53am Oct 29, 2009 12:53am
Congratulation to Cobra and the Team. Excellent work You got here.

Thanks for sharing it with us!

Cheers !!!
Attached Image
  • #15,012
  • Oct 29, 2009 1:16am Oct 29, 2009 1:16am
True words MP and many thanks for all your help.

And good that you say "method" as I would not say that this thread only talks about a system or indicators.

We, the Team and many friendly contributors where discussing almost everything related to trading including different technical analysis, Money Management and much more.

I'm a frequent reader of the J16 thread but don't post there very much as they treat longer term trading but I think that both threads have many in common.

Wish you all a great session,

BTW: Bemac says that 72% fib can be tested (still don't agree but....), so let's trade the chart but carefully.


Quoting MissPips
Hey Cobra,

Hi Cobra,

In my opinion, the achievement is not the system, the indicators, or the EA. They are all great (and many thanks to the various developers) but it takes more than a good method to make a good trader or a good trading community.

The achievement is creating and sustaining the friendly, helpful and educational spirit of the THV forum over the long haul, making it a place where traders can learn and help others to become better traders.

Congratulations and thanks!
  • #15,013
  • Oct 29, 2009 1:46am Oct 29, 2009 1:46am
May Bemac be right?

Observing the 5M chart you see that strong large candles are only given to the bear side.
Attached Image (click to enlarge)
Click to Enlarge Name: icce88.jpg Size: 105 KB
  • #15,014
  • Oct 29, 2009 1:51am Oct 29, 2009 1:51am
Congrats on the 1000 Cobra for someone to put so much time and effort in a free system it has to work.
Im still having a problem scalping, even trying to get a lousy 3-4 pips. what can I be doing wrong ?
Look at something long enough, you will eventually get it.
  • #15,015
  • Oct 29, 2009 1:55am Oct 29, 2009 1:55am
Hello Cobra,
hello to all member.

Itīs a nice thread - great System.

Have someone experience in Trading this System on longer Timeframe (4 H or better Daily)?
  • #15,016
  • Oct 29, 2009 1:58am Oct 29, 2009 1:58am
Quoting cobraforex
May Bemac be right?

Observing the 5M chart you see that strong large candles are only given to the bear side.

At the 146 level there really isn't any signs of support --*if* it's going south it'll go all the way to the bottom 145.XX
--- Gone --- RIP 11/27/09
  • #15,017
  • Oct 29, 2009 2:04am Oct 29, 2009 2:04am
Traco, scalping is the most difficult and time intensive way to make money in FX but on the other side the most effective one, if you manage it well.

The most important thing is to have an idea of the bigger picture and take your trades in the higher trend direction.

That way you can give your trades enough space to breath and develope.

If your SL is too low you will be kicked out very often.

Maybe you should try a higher TF until you get the feeling to scalp.



Quoting traco1
Congrats on the 1000 Cobra for someone to put so much time and effort in a free system it has to work.
Im still having a problem scalping, even trying to get a lousy 3-4 pips. what can I be doing wrong ?
  • #15,018
  • Oct 29, 2009 2:13am Oct 29, 2009 2:13am
The 1.4650 is a hard nut if you go to daily and scale out but that would mean to break the daily TL what wouldn't make the bulls very happy.

I'm flat at the moment and might keep that untill I have a clear idea what's going on.

Until than as always, some pips here and some pips there

Quoting IrishPips
At the 146 level there really isn't any signs of support --*if* it's going south it'll go all the way to the bottom 145.XX
  • #15,019
  • Oct 29, 2009 3:05am Oct 29, 2009 3:05am
While analysing todays charts I was passing on my 4H heatmap and I marked the zone which Bemac announce as critical some time before, it's also a major ICCE level.

But I'm still not very convinced, time will show.
Attached Image (click to enlarge)
Click to Enlarge Name: icce89.jpg Size: 214 KB
  • #15,020
  • Oct 29, 2009 3:36am Oct 29, 2009 3:36am
Last post before I shut down any communication, in about 20 min we will have news, German Unimployment Change.

That's not a biggy but in the actual situation it can help to move the market.

So stay tuned to the FF calendar to see what's up soon.

Many green pips to all of you
27 traders viewing now