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THV system, final edition

  • #15,581
  • Nov 18, 2009 10:55am Nov 18, 2009 10:55am
Quoting ab1
Hi There

Well I'm not in anyway an expert but for what its worth this would be my observations.

I would trade with an M15 chart and use the M5 to fine tune my entries.
I would have the Stratman Mini Charts up on the M15 so I could see the bigger picture and it clearly shows that the market was generally Bullish for most of the day. H1, H4 & Daily all green. Your trade was going against the tide a bit. I would have only taken Long positions today.

I would wait for a pull back on the M5 chart and then enter when I got a cross on the M15 Bullish,...
--- Gone --- RIP 11/27/09
  • #15,582
  • Nov 18, 2009 11:07am Nov 18, 2009 11:07am
Cobra your system is DEADLY POISON to PIPS on the higher TFS. I tried your system on the 1HR ,4HR AND DAILY Charts and I can tell you I have reaped over 400 pips since this week.

Thanks again to Cobra and his team. I can now look forward to quitting this horrible day job and being my own boss!
  • #15,583
  • Nov 18, 2009 11:19am Nov 18, 2009 11:19am
Quoting IrishPips

Ah Irishpips,

The very person.....

I was stealing you thunder a little as it was your piece on how Trix works that finally made the penny drop as to how it should be properly used to the best effect.

So thanks for your contribution...since Ive made adjustments to my own trading following reading that article Im finding it really hard to lose !

cheers

ab1
  • #15,584
  • Nov 18, 2009 12:31pm Nov 18, 2009 12:31pm
Quoting ab1
Ah Irishpips,

The very person.....

I was stealing you thunder a little as it was your piece on how Trix works that finally made the penny drop as to how it should be properly used to the best effect.

So thanks for your contribution...since Ive made adjustments to my own trading following reading that article Im finding it really hard to lose !

cheers

ab1
Nifty how that works, isn't it? Highest probability trades IMO.

Patience...is THE key.
--- Gone --- RIP 11/27/09
  • #15,585
  • Nov 18, 2009 5:59pm Nov 18, 2009 5:59pm
QuickSilver,

It will be great if you share more details on how you do it with all traders here so that they can benefit more from your experience.

Cheers,
CaveMan

Quoting QuickSilver
Cobra your system is DEADLY POISON to PIPS on the higher TFS. I tried your system on the 1HR ,4HR AND DAILY Charts and I can tell you I have reaped over 400 pips since this week.

Thanks again to Cobra and his team. I can now look forward to quitting this horrible day job and being my own boss!
  • #15,586
  • Edited Nov 19, 2009 9:51am Nov 18, 2009 6:56pm | Edited Nov 19, 2009 9:51am
I just want to REALLY THANK THE THV TEAM for their HARD WORK and PATIENCE with all the traders like me that are taking the once in a life time to bump into BIG HEARTED people like YOU GUYS and GAL (MissPips).
Here's a sample of my first steps into THE THV SYSTEM, demo, of course.
Hope master it soon and go live when 1000% ready.

THANKS AGAIN
Attached Image (click to enlarge)
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That which does not kill me, makes me stronger.
  • #15,587
  • Nov 18, 2009 9:45pm Nov 18, 2009 9:45pm
Investor7,

My only advice for you is to trade realistically even with demo accounts. Be serious in every trade you take in demo. Think of it as real money you are trading. Don't treat it like an arcade game or you will develop bad habits like trigger happy finger. Trade demo like as you would trade a live account. Build discipline and develop an eye for chart patterns, PA and market rhythm through demo trading.

If you are really planning to trade 50 or 500 lots - . Sure would like to know which broker will allow you to trade that lot size live.

Cheers,
CaveMan

Quoting Investor7
I just want to REALLY THANK THE THV TEAM for their HARD WORK and PATIENCE with all the traders like me that are taking the once in a life time to bump into BIG HEARTED people like YOU GUYS and GAL (MissPips).
Here's a sample of my first steps into THE THV SYSTEM, demo, of course.
Hope master it soon and go live when 1000% ready.

THANKS AGAIN
  • #15,588
  • Nov 19, 2009 3:01am Nov 19, 2009 3:01am
Quoting caveman
Investor7,

My only advice for you is to trade realistically even with demo accounts. Be serious in every trade you take in demo. Think of it as real money you are trading. Don't treat it like an arcade game or you will develop bad habits like trigger happy finger. Trade demo like as you would trade a live account. Build discipline and develop an eye for chart patterns, PA and market rhythm through demo trading.

If you are really planning to trade 50 or 500 lots - . Sure would like to know which broker will allow you to trade...

And here I think that trading just single lots is a gut wrenching and nail biting experience.

But 50...500? [faint]

Would cut the work down though... 50 lots for EURUSD--you'd need just 10 pips a day to live comfortably
--- Gone --- RIP 11/27/09
  • #15,589
  • Nov 19, 2009 3:18am Nov 19, 2009 3:18am
Hi, could I ask how can I deactivate the alarm alert for the market closing?
  • #15,590
  • Nov 19, 2009 4:05am Nov 19, 2009 4:05am
Quoting QuickSilver
Cobra your system is DEADLY POISON to PIPS on the higher TFS. I tried your system on the 1HR ,4HR AND DAILY Charts and I can tell you I have reaped over 400 pips since this week.

Thanks again to Cobra and his team. I can now look forward to quitting this horrible day job and being my own boss!
Well done silver 400 pips in a few days is fantastic, as cave man has suggested already why dont you post a few charts so we can all see what your doing,

Rebel
  • #15,591
  • Nov 19, 2009 4:05am Nov 19, 2009 4:05am
Quoting IrishPips
And here I think that trading just single lots is a gut wrenching and nail biting experience.

But 50...500? [faint]

Would cut the work down though... 50 lots for EURUSD--you'd need just 10 pips a day to live comfortably
50 still okay for me as I seen people post trading with 50 lots. I guess 500 lots are for bank lol. people with 50 lots holding 7 digits in their account. =) we should aim for that. Lets work hard and build up our capital

Did anyone here can tell me, normally how much they get from a year? e.g double or tripled their account. Did anyone here done that before?
Read the entire market, money is made on the main trend not the fluctuation
  • #15,592
  • Nov 19, 2009 5:16am Nov 19, 2009 5:16am
Hello, Irishpips! I want to ask, which settings of Ichimoku cloud You use, 2,3,5 or new from THV4 2,5,8, also which trix version You use?

Thanks,
Good day for all
  • #15,593
  • Nov 19, 2009 5:47am Nov 19, 2009 5:47am
Quoting POSTiGA
Hello,
Im confused with London Open/Close time,

In THV3 and "THV3 Market Hours" indi is show 8-17 GMT
but in THV4 and "THV4 Trix V1.0" indi is soow 7-16 GMT

and http://forex.timezoneconverter.com/i...?timezone=GMT; show 8-16 GMT !
Which one is true ?

sorry for my bad EN
Remember the forex market is a 24/7 unregulated market, which means it does not have official open & close times.

That said, here are the times most traders will be working in the various trading centres - all times are GMT

Frankfurt - opens 07:00 closes 15:00
London - opens 08:00 closes 16:00
New York - opens 13:00 closed 21:00
Sydney - opens 21:00 closes 05:00
Tokyo - opens 23:00 closes 07:00

Hope this helps -
  • #15,594
  • Nov 19, 2009 6:16am Nov 19, 2009 6:16am
For people that trade daily charts here is an example of an entry I made fine tuned by THV in H4.

Break below 66.00 level, trix cross just below zero line, both trix lines red and lot of room to go south.
Just trailing my stop right now
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  • #15,595
  • Nov 19, 2009 6:27am Nov 19, 2009 6:27am
Hello Cobras,


Whats up,how are your pips ?

IS this week good for you ?
"Buy on fear, sell on greed !!!
  • #15,596
  • Nov 19, 2009 8:04am Nov 19, 2009 8:04am
Quoting brunovedder
dwhiteviper or friends of the forum

I wonder where the yellow used by the fellow in the figure of post # 15543 along with the cloud.

Thank you.
This is Gann HiLo Activator (10). It follows Cloud pretty well.

Chamane
  • #15,597
  • Nov 19, 2009 8:13am Nov 19, 2009 8:13am
Quoting chamane
This is Gann HiLo Activator (10). It follows Cloud pretty well.

Chamane
Lookback 10 ?

Thx
"He who is well prepared has won half the battle"
  • #15,598
  • Nov 19, 2009 8:28am Nov 19, 2009 8:28am
Quoting Peterex
Lookback 10 ?

Thx
I was trying to find equivalent indicators to use in other platform like Dealbook. I came up with Heiken Ashi (2,30,3,2) for Coral, Gann HiLo (10 or 5) for Cloud, HMA (21) and HMA (34) for Trix. But of course the original is the best.
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  • #15,599
  • Nov 19, 2009 9:55am Nov 19, 2009 9:55am
My RESPECT TO ALL OF YOU GUYS!

I highly appreciate your time for giving me ur advice. It wasn't my intention to "play" with ur system and all of the hard work hours you had put into it.

I've been a daily, swing stock trader for over 5 years now. I still have sooooo much to learn.
I've been trough EVERYTHING Cobra (hats off) says in his "manifesto" on the beggining of this thread.
Since then, I have learned so much valuable inputs from EVERYBODY on this forum.

My use of the lot size has NO MEANING AT ALL. Is a looong history.
Doing some Martingale, Oscar, etc on a 5,000,000.00 demo account. Just in order not to re-open a new account every so oftem after blowing the 3k or 10k away. It was just a "choice".
YOU ARE 1000% RIGHT about getting the realistic feeling of trading.
I didn't pay much attention to my lots sizes after visiting COBRAS web site and reading about not follow/chase money in FX, but rather, PIPS, and that was my intention on the trades shown on my charts.
None the less, since I read ur post I'm going back to earth and putting my feet on the ground giving your system the RESPECT IT DESERVES and of course, ALL OF YOU GUYS, and once again, GAL.

I will be showing around her more often, since I still have much more to learn from all of you, and if this be possible, contribuite with my grain of sand.

Just to finish, I want to show how the trade I posted evolutionated during last night, (please, dont look at the lot size, it is the same trade, just updated)
Today I'm working on 1M, and so far it has been a little bity choppy for me. But it will give me the ability to adjust and learn from this fast TF in ordet to apply it into larger TFS, ie, 5, 15, 30 and maybe 1H.

HAVE A GRRRRREAT PIPING DAY.....!!!
Quoting caveman
Investor7,

My only advice for you is to trade realistically even with demo accounts. Be serious in every trade you take in demo. Think of it as real money you are trading. Don't treat it like an arcade game or you will develop bad habits like trigger happy finger. Trade demo like as you would trade a live account. Build discipline and develop an eye for chart patterns, PA and market rhythm through demo trading.

If you are really planning to trade 50 or 500 lots - . Sure would like to know which broker will allow you to trade...
Attached Image (click to enlarge)
Click to Enlarge Name: EJ-11.18.09-8.gif Size: 32 KB
That which does not kill me, makes me stronger.
  • #15,600
  • Nov 19, 2009 10:54am Nov 19, 2009 10:54am
Hi everybody!

I noted that there is a difference between the Ichimoku set in THV v3 and THV v4 (2,3,5 in v3 and 2,5,8 in v4).

I trade the THV V4 with the deafult template, but I found the difference between the Ichimoku clouds. In v4 it is bigger. This difference changes a little the trade entries.

I was thinking to try to combine the v4 Trix with the v3 Ichimoku. What do you think about? It seems to me that the entry is earlier..
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