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THV system, final edition

  • #15,901
  • Dec 2, 2009 8:35pm Dec 2, 2009 8:35pm
Let's discuss that off-thread as it's not officially thv. I'm doing a video to explain how to set it up shortly. I'll pm you.

Right now I'm recording a live thv trade that I hope to post shortly ... give me a few minutes.

Quoting Forexaccount
Just got the indi ([email protected]) but can't load it into MT4. I put it into "indicator" folder but nothing happened. the indi is located is loaded but does not show on screen. Any advise??

Thanks
  • #15,902
  • Dec 2, 2009 8:37pm Dec 2, 2009 8:37pm
Quoting stratman
Let's discuss that off-thread as it's not officially thv. I'm doing a video to explain how to set it up shortly. I'll pm you.

Right now I'm recording a live thv trade that I hope to post shortly ... give me a few minutes.

Don't worry. I will take a look later.

Thanks
  • #15,903
  • Dec 2, 2009 8:58pm Dec 2, 2009 8:58pm
How can i remove the info box from the main chart on the version 4??

Thanks,,
  • #15,904
  • Edited 10:01pm Dec 2, 2009 9:49pm | Edited 10:01pm
IMHO if you can make money in the Asian session, you should be able to make it any time ... this trade was like watching grass grow!!

Anyway, I did manage to record a full THV trade ... watch this to see how I made 16 pips on GBPUSD.

Click here for Video 1 analysis and entry:
1) I run through full analysis of price action for reasons to consider this trade.
2) The whole THV M15, M5 and M1 situation is explored and considered.
3) Rules for entry get met and we enter the trade.
4) Managing the trade ... note that I don't scale out (others might?)

Click here for Video 2 exit strategy:
1) Setting take profit level ... considering risk to reward ratio.
2) Exit strategies.
3) Finally exit due to divergence

The trade is shown in yellow lines. The exit due to divergence (blue lines) was a good call

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #15,905
  • Dec 2, 2009 10:34pm Dec 2, 2009 10:34pm
Hi STRATMAN, you're so professional in your analysis... first time i've seen someone doing a live trade like that... congratulations once again..
cheers. Where do u get the time to do all that?? lol
JEAN
  • #15,906
  • Dec 2, 2009 10:38pm Dec 2, 2009 10:38pm
Thanks for posting the video of that trade Stratman. It's great to be able to see the thought processes you go through when making a trade. I hope you'll post up a few more trades to give us all an idea of the different circumstances under which you'll take trades and why. Keep up the good work!

Your dashboard is just what I was looking for as well - being able to clearly distinguish session times on the chart is fantastic!
  • #15,907
  • Dec 2, 2009 11:01pm Dec 2, 2009 11:01pm
Stratman, Superb and in depth video. Great work. JM
  • #15,908
  • Dec 2, 2009 11:02pm Dec 2, 2009 11:02pm
Fantastic Stratman, many many thank yous for your creative indicators and these videos.

Much Appreciation
  • #15,909
  • Edited 1:09pm Dec 3, 2009 2:21am | Edited 1:09pm
Quoting stratman
I hope to get all the thv indicators and templates finished soon ... the ones you see in my posts (yes the ones I keep getting pm's for ). EDIT: Yes they will be free ... I love programming for you guys ... but I better get some serious cash soon to pay the bills

I've enjoyed putting together the videos for the mini charts ... do check them out. I just did a video on my trading experience and introduction to the dashboard I use. I think it's worth a look (or I wouldn't have recorded it )

You can [url="http://www.youtube.com/watch?v=rSWHTY7aASs"]get...


Very very good idea behind the dashboard, looking for the average pip moving of a cross during the sessions; I believe it is foundamental for trading. Also the extras are nice.

In my opinion also the shape of the indicator is very smart.
  • #15,910
  • Dec 3, 2009 3:21am Dec 3, 2009 3:21am
Very helpful videos stratman!
  • #15,911
  • Dec 3, 2009 4:28am Dec 3, 2009 4:28am
thanks stratman for the insight .. great video

U R help to all THV user is priceless

keep the good work up

jay

ps - r u working on auto system... or is it possible to have auto trading system based on this system ( thv)?
  • #15,912
  • Dec 3, 2009 5:39am Dec 3, 2009 5:39am
Well done Stratman. Great stuff!
  • #15,913
  • Dec 3, 2009 7:27am Dec 3, 2009 7:27am
Stratman has my full support as well, and are very very glad with everything he has done for us. I for one am very thankful.
  • #15,914
  • Dec 3, 2009 9:40am Dec 3, 2009 9:40am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Targeted pips+bonus in my fridge today. One long, one short.
Last time the robot caught my pips at 00 and eaten my SL. Therefore this time place my BUY or SELL never at exact level: 88.010 instead 88.000.
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Shake it off!Lick the Wound,Prey Again!
  • #15,915
  • Edited 1:09pm Dec 3, 2009 9:41am | Edited 1:09pm
Here my considerations and entries for the day.

When I talk about TP targets (pyramidal lots), I mean first around 13/20 pips, second 30/50, third between 70/120 for GBPUSD. I evaluate the day session to set the exacly TP. After the first TP is taken, I move the SL.

I adapt the TP range on the chart (support/resistence, daily range, day time, volatility, news etc.) Not always I use multiple lots if I consider possible it. Sometimes I do well, others I am wrong. But if one uses 3 different lots, it is good idea I believe, to set the first lot bigger than the other two, so if only the first one hit, the eventual lost of the other ones should be minor than the profit of the first one. Same concept with the second lot. I move the SL.. I belive multiple pyramidal lot entries gets catch better the early trends.

Example: first lot 0.6, second 0.3, third 0.1. Total 1.0

I remember that I use instead of coral, a SMA 20 and a SMA 60 with +10/-10 shift levels, and I generally enter only in the direction of their cross.
  • #15,916
  • Dec 3, 2009 9:43am Dec 3, 2009 9:43am
Here the chart
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  • #15,917
  • Dec 3, 2009 9:56am Dec 3, 2009 9:56am
Quoting Sailorx
I have no fixed rules.

For GBPUSD SL = from 20 to 40 pips. Usually around 30. I like to move closer the SL after some candles. I relationate it to ATR value of the THV4 Info Pannel. Sometimes I put it above/below the last second candle max/min. May I use the SL as a security assurance and put it "far" and exit manually on some signals or set it close, in case PA changes rapidly direction.
.
Hi Sailorx and all THV friends,

I'm very lucky having opportunity to find THV system and learn many of your posts...It's a really great thread with a smart team! Thanks to all of you.

Before I start applying THV system into my demo account few months ago, I didn't realize the importance of S/L setting. Similar to your way:"...put it 'far' and exit manually"..and if P/A running against my will,I would leave it, let it go, viewing the floating loss growing with ease..with the hope and belief it would come back to B/E ( if not T/P) eventually..It might take minutes,hours,or days...and it usually worked with good results...

I realized now it's not the right way to trade...But what do you think? Any different views or experiences?

I should learn more in humble manner IMHO.

Get more pips and ENJOY...

Pipenjoyer
  • #15,918
  • Dec 3, 2009 9:57am Dec 3, 2009 9:57am
Quoting Sailorx
Here the chart
Your setting is really looking more and more interesting day after day for the main chart. i really might start using your MA method instead of the coral, I really like what I'm seeing from your charts. So you really don't even consider the coral then since I see you're basing all your trades from your MAs instead of the coral, even though you do still have the coral on your chart? Not sure how well it'll work with Laguerre however. Have to really start looking into it and testing it out.
  • #15,919
  • Dec 3, 2009 10:05am Dec 3, 2009 10:05am
Alright, Just finished with my first trade this morning. EURUSD M1 confirmation trade. Entered @1.5084, TP @1.5094, SL @1.5069. The trix on M5 still looked good, crossed up with both fast and slow trix green, so I entered the M1 with a 10 pips TP target. Trade won which puts me so far at +10 pip for this NY Session.
Attached Image (click to enlarge)
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  • #15,920
  • Edited 1:08pm Dec 3, 2009 11:16am | Edited 1:08pm
Quoting Pipenjoyer
Hi Sailorx and all THV friends,

I'm very lucky having opportunity to find THV system and learn many of your posts...It's a really great thread with a smart team! Thanks to all of you.

Before I start applying THV system into my demo account few months ago, I didn't realize the importance of S/L setting. Similar to your way:"...put it 'far' and exit manually"..and if P/A running against my will,I would leave it, let it go, viewing the floating loss growing with ease..with the hope and belief it would come back to B/E ( if not T/P) eventually..It...

I believe that behind the ranges of the SL and also of the TP should be some good logic or reasons for each cross pair, otherwise it could be much more risky..... Too closer SL also is bad.

To set a very huge SL and hope that "in the future" PA will hit break even or TP is not a good buisness. In the beginnig I have done it on live account, for ignorance, presumption and the HIDDEN reason that I WAS NOT ABLE TO ACCEPT TO HAVE LOSSES. This unconscious impuls lead me to burn my real account very quickly.

I believe when you enter a trade, you have to know how much are you ready to lose. You may put a far SL and exit manually with reasons, but be careful; you can use SL as a mechanical exit in any case, but always with some logic.

In the majority of trades on GBPUSD I use for the first TP a SL beetween 3:2 and 5:2 (max) of the first TP range. If my TP is 16, my SL goes from 24 to 40 pips.




Cheers!!!!!
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