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THV system, final edition

  • #16,861
  • Jan 12, 2010 9:43pm Jan 12, 2010 9:43pm
Think I will be having a failed trade in EUR-USD short. Will post pics once confirmed stop out for analysis purposes.
  • #16,862
  • Jan 12, 2010 9:44pm Jan 12, 2010 9:44pm
Quoting Emp
Think I will be having a failed trade in EUR-USD short. Will post pics once confirmed stop out for analysis purposes.
EURUSD pair never really move well during the Asian session... Best to stay out, or use a different pair for Asia. Stratman is good with trading in the Asian session. ^^
  • #16,863
  • Jan 13, 2010 1:03am Jan 13, 2010 1:03am
Quoting Emp
Think I will be having a failed trade in EUR-USD short. Will post pics once confirmed stop out for analysis purposes.
As spoken, failed trade during Asian Session. All rules are met. Price below coral and cloud.

Short at 1.4467
SL @ 1.4487

For discussion. Thanks.
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  • #16,864
  • Jan 13, 2010 1:24am Jan 13, 2010 1:24am
Quoting Emp
As spoken, failed trade during Asian Session. All rules are met. Price below coral and cloud.

Short at 1.4467
SL @ 1.4487

For discussion. Thanks.

Think You entered just before kissing the support trendline, watch the trend as well not only the indicators....
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  • #16,865
  • Jan 13, 2010 1:27am Jan 13, 2010 1:27am
Quoting Emp
As spoken, failed trade during Asian Session. All rules are met. Price below coral and cloud.

Short at 1.4467
SL @ 1.4487

For discussion. Thanks.
Hi Emp

Untill you understand the method better which takes moocha screen time
why not concentrate on crosses closer to the 0 line, f crossing s with a recent color change.

Cheers
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  • #16,866
  • Jan 13, 2010 1:37am Jan 13, 2010 1:37am
Quoting Emp
As spoken, failed trade during Asian Session. All rules are met. Price below coral and cloud.

Short at 1.4467
SL @ 1.4487

For discussion. Thanks.

It is very common that PA bounces the Yh/Yl levels; many people consider them in different aspect, for many they are FB levels for example..

I believe you entered too close to that levels, also to the Support level, and your entry was a trade during a "night" session for Europe.
  • #16,867
  • Jan 13, 2010 1:57am Jan 13, 2010 1:57am
Quoting pipVampire
Think You entered just before kissing the support trendline, watch the trend as well not only the indicators....
You are absolutely right? S1 support! I will take note of these lines in future. I was so trigger happy that I have omitted these lines.
  • #16,868
  • Jan 13, 2010 3:16am Jan 13, 2010 3:16am
1 st +4 pips E/U 5 min confirmation. I chicken out too early.
2 nd +10 pips E/U 1 min confirmation.
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  • #16,869
  • Jan 13, 2010 4:15am Jan 13, 2010 4:15am
Hi Nobitacu,

how can the m15 trix window helps if your entry point is based on m1 and m5 chart?

Thanks.

Quoting Nobitacu
Haha, Anyone is free to use my layout. In fact, I recommend it if trading the way I'm trading. ^^ I'm really glad some are picking it up really well! I tried to keep it as simple as possible so that anyone can easily learn it if they wish to.
  • #16,870
  • Jan 13, 2010 4:45am Jan 13, 2010 4:45am
Quoting Emp
As spoken, failed trade during Asian Session. All rules are met. Price below coral and cloud.

Short at 1.4467
SL @ 1.4487

For discussion. Thanks.
It seems that not all conditions are met. As far as I understand the cloud should be also under coral for short not only price.
Cheers.
The Road appears under the steps of walking men...
  • #16,871
  • Jan 13, 2010 5:06am Jan 13, 2010 5:06am
Quoting Emp
As spoken, failed trade during Asian Session. All rules are met. Price below coral and cloud.

Short at 1.4467
SL @ 1.4487

For discussion. Thanks.
Trix was spread to far apart.
Look at something long enough, you will eventually get it.
  • #16,872
  • Jan 13, 2010 5:17am Jan 13, 2010 5:17am
Quoting traco1
Trix was spread to far apart.
You mean trix cross are too far away from zero line?
  • #16,873
  • Jan 13, 2010 6:16am Jan 13, 2010 6:16am
Quoting Emp
You mean trix cross are too far away from zero line?
Yes, NOb said just yesterday that he dont like to enter if the spread is to wide

Beautiful island by the way
Look at something long enough, you will eventually get it.
  • #16,874
  • Edited 6:44am Jan 13, 2010 6:32am | Edited 6:44am
Quoting traco1
Yes, NOb said just yesterday that he dont like to enter if the spread is to wide

Beautiful island by the way
Emp, Traco1 has the right idea, only that it's not about the zero line, it's about the distance between the Fast and Slow Trix being already too far apart from each other. The movement is already pretty much over when you entered looking at the Trix, and also, like others said, do watch the pivots as well, especially during low volume times when they are stronger since there won't be much strength in the movement to help break it. You're also trading Euro when they are sleeping in Asian, which is usually a bad idea, best to trade a different pair if you want to trade in Asia, not eurusd or gbpusd and so on when you know they are sleeping, the volume is just too small during these times for it, and you'll get more false movements. Also, the reason why I have that M15 Trix there is because it needs to be looked at if you're entering based on everything being confirmed on the M5 chart. It's the same concept like when you see everything confirm on the M1 chart, you need to look at M5 Trix for confirmation. I don't use the M15 Trix with my M1 entrances, but I use it for my M5 entrances, just like how I use M5 for my M1 entrances.

When you trade because you're trigger happy, it'll cost you, this is a apart of the psychological aspects of trading for which you still need to work on. You're forcing trades and taking more risk instead of waiting for the good trades with less risk to come to you. It's not only the learning of a trading method you need to understand, you also need to understand the market hours, how each currency reacts to each market sessions and most importantly, understanding MM and trading psychology. I highly recommend you to read up more on those last two parts.
  • #16,875
  • Jan 13, 2010 6:39am Jan 13, 2010 6:39am
Quoting LT man
1 st +4 pips E/U 5 min confirmation. I chicken out too early.
2 nd +10 pips E/U 1 min confirmation.
Yup, the first trade that was based on the M5 was entered too late, actually, shouldn't be entered at all as it would have been too risky at that point. On the M5 trades, I don't enter if the Trix cross and the Laguerre signal happened more than 2 candles away from each other. Or in your case, everything confirmed except the coral, however, the Coral took more than 2 candles distance to confirm after the Trix and Laguerre has been confirmed. On your chart it looks like 4-5 candle distance away from everything, at that point, most of the movements might already be finished, and risk would have increased.

Your second trade was good, but I can't see what the M5 Fast Trix is when you entered, but if that is also Green, then this is a valid trade, which shows, easy 10 pips.
  • #16,876
  • Jan 13, 2010 6:40am Jan 13, 2010 6:40am
Quoting Nobitacu
EURUSD pair never really move well during the Asian session... Best to stay out, or use a different pair for Asia. Stratman is good with trading in the Asian session. ^^
I preferred trade EU one hour before German session open..

TipTop
  • #16,877
  • Jan 13, 2010 6:49am Jan 13, 2010 6:49am
Quoting TipTop
I preferred trade EU one hour before German session open..

TipTop
That's fine if you have a personal method that works good entering at the time. Just remember however that once London opens, it usually goes the opposite direction as Frankfurt's movement, so be more careful if you still have trades open based on Frankfurt's movement when London is about to open or it's opened. If I enter any trades an hour before Frankfurt, or during Frankfurt, I make sure to always get out before London opens to be on the safe side.
  • #16,878
  • Jan 13, 2010 6:51am Jan 13, 2010 6:51am
Quoting Nobitacu
That's fine if you have a personal method that works good entering at the time. Just remember however that once London opens, it usually goes the opposite direction as Frankfurt's movement, so be more careful if you still have trades open based on Frankfurt's movement when London is about to open or it's opened. If I enter any trades an hour before Frankfurt, or during Frankfurt, I make sure to always get out before London opens to be on the safe side.

Too much news while London sessions

TipTop
  • #16,879
  • Jan 13, 2010 6:52am Jan 13, 2010 6:52am
Quoting TipTop
Too much news while London sessions

TipTop
Which works out fine with us scalpers since we work around the news.
  • #16,880
  • Jan 13, 2010 7:04am Jan 13, 2010 7:04am
Thanks Nobitacu for your coments. It's reason why I took just 4 pips on 1 st trade. You are right it was too risky. One more thing Fast and Slow trix was too wide. But I took this trade, because price on 1 min bounce from FPV line.
2 nd trade - 5 min fast trix was green.

Quoting Nobitacu
Yup, the first trade that was based on the M5 was entered too late, actually, shouldn't be entered at all as it would have been too risky at that point. On the M5 trades, I don't enter if the Trix cross and the Laguerre signal happened more than 2 candles away from each other. Or in your case, everything confirmed except the coral, however, the Coral took more than 2 candles distance to confirm after the Trix and Laguerre has been confirmed. On your chart it looks like 4-5 candle distance away from everything, at that point, most of the movements...
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