THV system, final edition

Here's a GU trade just completed +20 pips ... check analysis and thv chart for reasons for entry and exit ie entry on thv rules, exit on support and resistance.

My EU trade at same time as GU trade ... entry on thv rules and exit on support and resistance (at +38 pips for the day )

Is my honesty being questioned? If someone can tell me how to post a simple log from my oanda account ie simple to read showing pips without my 'lots' I will post it it better.

Here's my transaction log ... monetry figured blanked out, you will have to work out the pips from entry and close lines.

EDIT: Note that this is FXTrade (real) and not FXGame (Demo)

I've finished reading THV post starting from pg 1 till last. It took me 10 days and 9 hours 8 mins 7 seconds to absorb from A to Z of trading and learn from great and generous ppl here.

I already started live 5 months ago and began with $2500 to get the feel of live.
I must admit that trading currency is exactly like going to the 'BATTLE FIELD':
FAST AND FURIOUS in every seconds especially in the EUROPEAN AND NY SESSION.
And I'm the COMMANDER and must equipt with super latest armours:

1. SUPER RADAR to scan perfect setup
2. DIGITAL BINOCULAR to eye for entry
3. RUSSIAN MADE MACHINE GUN to shoot pips
4. THV Forex Factory for communication
5. if something goes wrong, a SAMURAI SWORD to cut losses
rather than a time bom for self-destruction

IMHO,
STRATMAN's mini and multi charts =SUPER RADAR
THV system = DIGITAL BINO
Own fingers =RUSSIAN MADE MACHINE GUN
Cobra team members = CAPTAIN AND ADVISORS
cool system, THV COBRA!

Megara

Hello Mr. Stratman,
I've asked Oanda before on how to show PIPS in profit and loss instead the balance. Unfortunately they said their system doesn't show that.

Megara

You can do something like that with www.myfxbook.com, it shows your stats like how many pos trades etc.

Never used it but should work.

Wow, almost 16.000 posts in 10 days, do you ever sleep?

Hope it was worth the efforts.

In fact, it is.
Luckily,I'm self-employed so I have flexible time to read,absorbs and to practice live base on THV.
I owe you and the team a token of appreciation.

Allow me to summarise what should a newbie need to learn before trading so as not to repeat like me looking from thread to thread and grabbing pieces from here and there
1. Candlestick=Steve Nison
2. Position Sizing= Dr.Van Tharp
3. pivot point=acumen/John Person
4. Divergence=http://www.trading-naked.com/Divergence.htm
5. trendlines
6. Heiken Ashi
7. Ichimoku* for daily analysis
8. THV system
9. Fibonacci

I stumbled across this thread about a month ago and wanted to read the ENTIRE thread before making any comments so as to be up to date on the history of THV.
The information is very useful, so I decided to jump in early (I am caught up to Jan 2009).
I have reviewed many trading systems and read many FF threads, some of the authors take FX seriously, and other they do not.
I am impressed and pleased to see that except for one or two bad apples, ducks, chickens, Cats, and turdunkens (Made famous by John Madden), this thread has stayed true to its purpose.
There is a plethora of people out there who claim to "teach" you how to trade, but few of them practice what they preach.
Cobra, I must say that you are in the top three people that I have come across who truly has a viable trading system for both new and experienced traders.
I have been trading THV for about one month and have harvested 200+ PIPS. Now that I know what I am doing (as I have read the evolution from v1.0 to the present day) I hope to increase that number.
My style is more of a scalper than a trend trader, so THV fits my personality well. This system is not for everyone. If anyone remembers reading the "tales of a stock trader",
a comment was made that each person has to have a system work for them. If they are not comfortable with the rules, they will never succeed with that exact system.

I have been trading for over three years, and I have even worked for a company that provides network infrastructure to high frequency traders so I have heard it ALL believe me.
Many stories I have heard, and many, many, many strategies I have had explained to me by arrogant NYC guys who make .5 Pips 1500 times a day. Trading is a bit different when you are using an intuitional account that has 70ms latency to the matching engine with 100% automated algo trading.

Because I am a naked trader, THV is the best system that fits my personality from what I am able to ascertain. NO system is perfect when left on autopilot; even the big boys who perform algo trading go back to the quants (Quantitative Mathematicians) to evaluate the previous days algo performance.

THV is what I consider a mature system for manual trading. I see that there is a thread that I have not read yet that discusses THV as an EA, when I get this one completed I will move on to that one.

There IS money to be made in scalping, and THV appears to me to be the most effective manual system I have seen to accomplish those results.

My hat goes off to all of those who have refined this system to the polished gem that it is today. Again, this thread has impressed me much with all of the energy that has gone into making THV what it is today.

Now that I am using the system, I hope to somehow return the favor that has been bestowed upon those who have chosen to listen and learn.


Much Thanks

AlgoFX

You shouldn't feel that you have to prove yourself to others. If others don't believe you-that's their issue.

I know and you know THV works--- I've given some of my daily trades stats to Cobra- and that's the person I would only care about showing.

cheers IrishPips

STRATMAN... that's exactly what i thought... let idiots be idiots.. life is too short.. cheers and thanks for all your posts.. JEAN

No problem !

Hello All, quick question; is there a method to remove the GRAY AREA located on the right side of the chart? I realize this is part of the THV4 TRIX V1.0, but I do not use it and cannot find a option in the TRIX that allows for its removal. I would like to use that screen real estate if possible while trading with the TRIX V1.0 and using the CHANGE CHART COLOR feature.

Thank You and Regards,
Cigarguy

Thank you "rentiergroup" for sharing the thumbnail of your set up screen. I am glad that the THV system works for you. By the way are you using the THV4 CaveManager for exits? Can you share with us the setting parameters?

Hi All,

I want to have a infomation panel indicator which give me information about high to low, pips to open, spread, market session open/close time, time till bar close, ATR etc. something similar as THV infopanel indicator.

Is there any existing indicator with source code for that or anything I can start with?

Much appreicated for your help, you know, not inventing the wheel http://cdn.forexfactory.com/images/s.../yim/happy.gif

Thanks
Henry

Hi CG, good to see you.

That is already coded in an update which I plan to release next week.

Maybe you can use the 4tf template, included in V4, meanwhile.

Hi Cobra and thanks for the fast response. I will check out the 4tf tpl and excited to see your new update. Is that update going to possibly include the option to change the DAY CANDLE to a HOUR CANDLE? I mostly trade the Hour candle? Just curious!

Thanks and Regards,
Cigarguy

I havent been in the green so many days in a row! I'm used to all those break even days. I could seriously get used to this.

I wont post any charts for this session as there would have been a lot of good setups and hopefully you made positive pips

I stopped after 47 pips (in Asian session) as I had things to do here in NZ in the evening (start of London).

I'm currently analysing my trade log (you do keep one ... don't you ) and I'll post analysis of it shortly ie risk/reward, win/loss ratio etc. This is my first serious month so hope this will help a few of you new guys.