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THV system, final edition

  • #15,861
  • Dec 2, 2009 8:14am Dec 2, 2009 8:14am
Got my first trade in this morning with GBPUSD M5 confirmation entrance. Entered @1.6667, TP at R1 line of 1.6650 plus spread, so TP @1.6654 (my spread is 4), SL @1.6687. Trade won about 10 minutes after entrance for +13 pips. So, +13 pips now so far for NY. By the way, this one I still entered because the trix cross and Laguerre moving below the gray zone was within 2 candles apart from each other (confirmed on 2nd candle). If it's more than 2 candles apart, I won't enter the trade for M5 confirmations.

I actually missed the EURUSD M5 Confirmation trade that would have been doing very well right now too, but it's ok... at least I caught one out of the two. I woke up 10 minutes late, so missed the EURUSD trade that confirmed during that time frame... ^^"
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd M5.jpg Size: 181 KB
  • #15,862
  • Dec 2, 2009 8:30am Dec 2, 2009 8:30am
Just to show you the trade that I don't take on M1 Confirmation. This trade happened during NY when my partner was trading and send me this screenshot. These types of trade we never enter because it tends to be more risky, and I've seen it lost more times than won. You can see from the chart, even though M1 confirmed for a Buy entrance, this trade was skipped simply because the M5 fast trix has just turned into the opposite color not long ago. This trade would have been too risky to enter because M5 trix is showing that price might reverse down soon (which it did not long after).
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD M1 NoGo.gif Size: 50 KB
  • #15,863
  • Dec 2, 2009 8:34am Dec 2, 2009 8:34am
Here's a M1 confirmation trade he did take during London Session. Everything confirmed on M1 chart, and M5 trix is also the same direction and fast trix still red, this means the trade has a higher chance of winning. This trade did indeed ended up as a winner.

Entered at 1.5096
TP=1.5086
SL=1.5111
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD M1.gif Size: 48 KB
  • #15,864
  • Edited 10:26am Dec 2, 2009 10:15am | Edited 10:26am
Got another trade in. Price moved down further than I liked before entering, but still an entrance. This trade was confirmed on M5 chart, to be safe, I waited for candle to close to make sure the Laguerre red dot stays red and not change back to green, so entered later than I would have liked, but just to be safe. This M5 Sell trade was entered @1.5059, and I took TP at the WmR2 line of 1.5049 plus spread, so TP @1.5051 for +8 pips target. A smaller target, but still good pips as for scalping, I use 10% risk. This trade won within seconds. So far today, +21 pips profit.

P.S. Just so you know, for Sell orders, I always add my spread with where the Pivot TP line is, simply because for Sell, price needs to go down further to cover your spread to hit target, another words, if R1 was at 1.4000, you actually won't hit it until price is at 1.4398, which means if price doesn't break 1.4000, then you would have missed your TP because of that spread, so when I add my spread, my TP would be at 1.4002, but in reality, price actually did travel down to 1.4000 to hit my TP. We don't need to add the spread for Buy orders because it's already added at the opening of the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd M5.jpg Size: 180 KB
  • #15,865
  • Dec 2, 2009 10:26am Dec 2, 2009 10:26am
Hello Nobitacu

it seems i taked my pips as the same time of your trade

Sorry for my bad ENG
Attached Image (click to enlarge)
Click to Enlarge Name: E.U-09-12-02.jpg Size: 117 KB
  • #15,866
  • Dec 2, 2009 10:28am Dec 2, 2009 10:28am
Quoting POSTiGA
Hello Nobitacu

it seems i taked my pips as the same time of your trade

Sorry for my bad ENG
Good job! Depending on your own rules, more than likely you make more pips than I did on this trade? I'm pretty conservative when it comes to my exits with set rules, overtime hopefully I'll improve on this to catch more pips within the same movement, but for now I'm sticking with what works for me so far.
  • #15,867
  • Dec 2, 2009 11:07am Dec 2, 2009 11:07am
Some pips from today session,not bad.
Attached Image (click to enlarge)
Click to Enlarge Name: oo.gif Size: 70 KB
  • #15,868
  • Dec 2, 2009 11:17am Dec 2, 2009 11:17am
Well, I got in 2 trades around 15 minutes ago or so. EURUSD and GBPUSD both M1 trades, trix on M5 for both pairs looked good. Two things happened, the EURUSD trade ended up hitting my SL of -15 pips =P, but the GBPUSD trade won for +10, so -5 pips overall with these 2 trades. ^^" Now +16 overall for today. Still in profit.

EURUSD was entered @1.5067, TP @1.5077, SL @1.5052 - SL hit -15 pips
GBPUSD was entered @1.6654, TP @1.6664, SL @1.6639 - TP hit +10 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD & GBPUSD.jpg Size: 182 KB
  • #15,869
  • Edited 11:35am Dec 2, 2009 11:21am | Edited 11:35am
Quoting ricmi
Some pips from today session,not bad.
LOL, that's a huge lot size, a lot of trades you got in today, especially for eurusd, but what are your rules for entrance and exit if you don't mind me asking, scalping the M1? Perhaps there's something new to be learned. A bit confused since I only see maybe 1 or 2 confirmed trade on that chart if using THV rules on M5, unless you're trading off all other time frames you have open as well? I'm on live, so have to really pick and choose my trades... ^^"
  • #15,870
  • Dec 2, 2009 11:42am Dec 2, 2009 11:42am
hi
has THV system become scalping system ... working on 1M and 5m TF

Or is it better for longer time frame

cobra please advice

jay
  • #15,871
  • Dec 2, 2009 11:42am Dec 2, 2009 11:42am
Well, news is coming, after that it'll be noon my time, and I don't trade after noon has hit, so I'm done for today. +16 overall with 3 wins and 1 lost, or +31 and -15. Best of luck everyone!
  • #15,872
  • Dec 2, 2009 1:47pm Dec 2, 2009 1:47pm
Try this.

Quoting nsteve
Hi MissPips

Thank you for an extremely valuable indicator!!

I have limited screen space and display charts of four currency pairs. The text and numbers from the Trix cover the top line of the Histogram. It shows the date and THVMFTrix V5.0.9 and the same (long) number repeated up to five times (see attached).
Is it possible to hide these numbers so they do not obscure the top line of the Histogram when the width of the chart is reduced?

Kind regards, Neill
Attached File(s)
File Type: ex4 THV MTF mixedhistoV3.1.ex4   49 KB | 730 downloads
  • #15,873
  • Dec 2, 2009 2:19pm Dec 2, 2009 2:19pm
Quoting stratman
Yes ... it is as you say (but very affordable for what it is)

Would people like to continue receiving my input here in the thv thread or not? Do I have friends here? I think so
"friends" dont charge "friends" money for "friendship". Or were my parents wrong all this time ?
  • #15,874
  • Dec 2, 2009 2:28pm Dec 2, 2009 2:28pm
Quoting ForexTrader1
"friends" dont charge "friends" money for "friendship". Or were my parents wrong all this time ?
If my friend comes to my store I don't let him walk out with stuff free. If my friend has a landscaping business do I expect him to do my yard for free? just a thought
  • #15,875
  • Dec 2, 2009 3:13pm Dec 2, 2009 3:13pm
OK my last reply to you ForexTrader1 ...

In another thread you mentioned you were a software developer ...
Quoting ForexTrader1
... I am trying to understand how we are doing this testing and as a software developer I see this as a little bit of chaos ...
Now what software have you developed (for free) that your 'friends' here on thv can use? Do you understand the principle of karma? ... what goes around comes around.

I have just read all your posts (yes I did) and you seem to want want want without giving. Do yourself a favor and earn some respect before running other people like me down.

BTW, I have got respect, many people have PM'd me to thank me ... what about you?

Quoting ForexTrader1
"friends" dont charge "friends" money for "friendship". Or were my parents wrong all this time ?
  • #15,876
  • Dec 2, 2009 3:14pm Dec 2, 2009 3:14pm
Quoting ForexTrader1
"friends" dont charge "friends" money for "friendship". Or were my parents wrong all this time ?


Here is a quoate from my parents forextrader, when I read your last post it came too me..

“An ungrateful man is like a hog under a tree eating acorns, but never looking up to see where they come from”
  • #15,877
  • Dec 2, 2009 4:02pm Dec 2, 2009 4:02pm
The chart is in GMT+1 time.

When I talk about TP targets (pyramidal lots), I mean first around 13/20 pips, second 30/50, third between 70/120. I evaluate the day session to set the exacly TP. After the first TP is taken, I move the SL.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 2DIC.JPG Size: 239 KB
  • #15,878
  • Dec 2, 2009 4:14pm Dec 2, 2009 4:14pm
Missed a couple of threads in a rush this morning but did happen to catch this...
Quote
my last reply to you ForexTrader1 ...
Quote
BTW, I have got respect, many people have PM'd me to thank me ... what about you?
Stratman is awesome he is a true contributor to the forex community, not only on FF but also youtube, I love his work.
I live in a pineapple under the sea.
  • #15,879
  • Edited 4:39pm Dec 2, 2009 4:24pm | Edited 4:39pm
It IS a scalper system (I'm scalper) but can be used with good results for longer TFs.


Quoting jaydc
hi
has THV system become scalping system ... working on 1M and 5m TF

Or is it better for longer time frame

cobra please advice

jay
  • #15,880
  • Dec 2, 2009 4:33pm Dec 2, 2009 4:33pm
FF1, Stratman has my full support and what he's doing is based on what I discussed a month or so with Twee.

He helped a lot of traders (me included) with his incredible programming skills.

He's not only good in this, he might be one of the best together with xux99.

He's spending many hours daily in coding new stuff and we mostly discuss this behind closed doors.

Why in the world he should give EVERYTHING for free?

This is pretty easy, you want his programming service or not, if it's a small thing, he is doing it for free, if it takes an hour or more he charges. I would do the same and it's legal here in FF.

I could do everything what has been done with THV for free because I only work on that when I have the time and animation, so no need to charge, but his case is quite different.

Hope you understand at the end.

Quoting ForexTrader1
"friends" dont charge "friends" money for "friendship". Or were my parents wrong all this time ?
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