THV system, final edition | Page 860 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

THV System Trades & Patterns Thread 857 replies

THV 4 system with SAH; My Trading Journal 163 replies

Bow's trading journal (THV, Hmaoui simple system) 4 replies

My Journal - Based on THV V3.0 by Cobraforex 30 replies

the vouchers - THV System 2 replies

Attachments: THV system, final edition
Exit Attachments

THV system, final edition

  • #17,181
  • Jan 19, 2010 4:13am Jan 19, 2010 4:13am
Welcome Rahula

I would suggest that you read this post to start with:

http://www.forexfactory.com/showpost...91&postcount=1

You may also view Stratman's demo trade in youtube:

Inserted Video


However, you must take note that THV system is not a Robot. A Robot or autotrade will bring you no-where. Trust me, I came from that route when I started and nearly lost my whole savings when I trusted robots. All entries must be based on rules, alerts can only help you for your heads up.

Unfortunately, I have to say there is no quickrich in forex, you need to get your hands dirty before knowing what is forex. I suggest you start with to trade with a demo account follow by a mini or micro account with your broker.

I believe you can be successful, when you follow closely with the rules.

Happy learning and trading!


Quoting Rahula
Hi,

I am new here, and I am new in currency trading.

What role does Laguerre play in the THV system? How is it used? Can it be ignored?

When I get a buy signal (alarm), do I place a buy? If not, how do I decide?

Thanks a lot,
Rahula
  • #17,182
  • Jan 19, 2010 4:57am Jan 19, 2010 4:57am
Quoting Rahula
Hi,

I am new here, and I am new in currency trading.
Since you are new to currency trading I suggest you read, read and READ some more to find out if this is really for you. Forex is not an easy market, you can score big one or two days and lose everything in one day. This is all about the trader and little to do about the markets.

If you want to learn about THV you should really take the time to read the thread from the beginning...sorry that this is probably not what you want to hear but believe me you will learn a lot. Everyone has their own trading style and TF and trying to follow someone else's will only lead to losses. You need to demo trade and make it your own system. You may not need all the indicators that's been added and you can be quite successful with using the basic rules and develop them as you go along.

Take the time to read and be patient and success is guaranteed...best of luck.
  • #17,183
  • Jan 19, 2010 6:00am Jan 19, 2010 6:00am
Quoting Emp
For discussion purposes.

Is this a good entry? Even though it has reached my tp of 10 pips.
Rules:
1) Heads up when trix cross
2) 4 red lights (THV rules met)
3) Trix in M1 is also red
PS: I based on the 4 lights to give me an entry.

However, it seems that the entry is too far away from the trix crosses. And it is just luck that I got that 10 pips. The trade was done during the London session at 9.39 GMT.

Thanks for any comments.
A bit late for the entrance for me because of trix distance, so higher risk you took, but my partner took a similar trade as well, either way the bear side has the session for London, so that's good. Just keep practicing trading THV, you'll only improve your feel of it better each day and will be able to pick and choose trades better as you get more experience with this.
  • #17,184
  • Jan 19, 2010 6:02am Jan 19, 2010 6:02am
Quoting Rahula
Hi,

I am new here, and I am new in currency trading.

What role does Laguerre play in the THV system? How is it used? Can it be ignored?

When I get a buy signal (alarm), do I place a buy? If not, how do I decide?

Thanks a lot,
Rahula
Yup, like others has said, page 1 buddy will be your best friend, and try reading as much of this thread as possible, it'll only help you, don't just read these last few pages, especially since you're brand new with Forex with still a new car smell, you'll need all the information you can learn from this long thread and other places such as www.babypips.com (they have great free beginner classes there, I highly suggest you go through them first before even attempting to place your first demo trade) The Laguerre is used with my personalized method, so it is not part of the official THV method, so learn to trade the THV first without the Laguerre good before attempting to trade with the Laguerre.

Best of luck.
  • #17,185
  • Jan 19, 2010 6:28am Jan 19, 2010 6:28am
Gheez, how did your partner fare during the London Session? Do you think easy picking entries are few during this session? I had only found 1 trade.

Quoting Nobitacu
A bit late for the entrance for me because of trix distance, so higher risk you took, but my partner took a similar trade as well, either way the bear side has the session for London, so that's good. Just keep practicing trading THV, you'll only improve your feel of it better each day and will be able to pick and choose trades better as you get more experience with this.
  • #17,186
  • Jan 19, 2010 6:34am Jan 19, 2010 6:34am
Hi all,

loving this thread and slowly but surely working my way through it but ITS LOOOONG!

wanted to get your opinion on when I should trade and which timeframes. I live in france at the moment so am GMT +1 and my job allows me 7-830am + 12 - 2:30 pm and then again 5:30 pm onwards...

that allows me to do mostly the US EU overlap. I'm really liking this system and was thinking whether I shouldnt trade 5min tf as I have about 3 - 4 hours per day?

what do you think?
@pawpaw1000 on Twitter
  • #17,187
  • Jan 19, 2010 6:42am Jan 19, 2010 6:42am
Quoting Emp
Gheez, how did your partner fare during the London Session? Do you think easy picking entries are few during this session? I had only found 1 trade.
Hmmm, he's had 3 trades now so far for London, he just won a M1 Euro Sell trade not long ago (did you catch it? I've included the screenshot he send me, trade won within seconds after entering). Yesterday he had 2 trades as well for Euro (3 but 1 was too risky to enter for him).
Attached Image (click to enlarge)
Click to Enlarge Name: just made it.jpg Size: 161 KB
  • #17,188
  • Jan 19, 2010 6:43am Jan 19, 2010 6:43am
Bear flag and 78 level of fib referred to in this post

http://www.forexfactory.com/showpost...ostcount=17030

and this post
http://www.forexfactory.com/showpost...ostcount=16664


cracked on 4 hour chart


Quoting Nobitacu
either way the bear side has the session for London, so that's good. .
Attached Image (click to enlarge)
Click to Enlarge Name: bear.png Size: 72 KB
  • #17,189
  • Jan 19, 2010 6:49am Jan 19, 2010 6:49am
Quoting MissPips
Bear flag and 78 level of fib referred to in this post

http://www.forexfactory.com/showpost...ostcount=17030

and this post
http://www.forexfactory.com/showpost...ostcount=16664


cracked on 4 hour chart
Nice! That would explained it perfectly why. I'm still on my laptop so can't see the charts as that's on my desktop in the office room, but I'll take a look at it once I get off my bed after another hour lol.
  • #17,190
  • Jan 19, 2010 6:59am Jan 19, 2010 6:59am
It was already late when I saw it .... I was busy cooking in the kitchen and I missed it! Argg!!!

Quoting Nobitacu
Hmmm, he's had 3 trades now so far for London, he just won a M1 Euro Sell trade not long ago (did you catch it? I've included the screenshot he send me, trade won within seconds after entering). Yesterday he had 2 trades as well for Euro (3 but 1 was too risky to enter for him).
  • #17,191
  • Jan 19, 2010 8:08am Jan 19, 2010 8:08am
Quoting pawpaw1000
Hi all,

loving this thread and slowly but surely working my way through it but ITS LOOOONG!

wanted to get your opinion on when I should trade and which timeframes. I live in france at the moment so am GMT +1 and my job allows me 7-830am + 12 - 2:30 pm and then again 5:30 pm onwards...

that allows me to do mostly the US EU overlap. I'm really liking this system and was thinking whether I shouldnt trade 5min tf as I have about 3 - 4 hours per day?

what do you think?
Start with 5 min chart, then after you get good and comfortable with it, you can try scalping on 1 min, but only if you're good and comfortable trading the THV with good sense of how the market moves.
  • #17,192
  • Jan 19, 2010 8:10am Jan 19, 2010 8:10am
Quoting Emp
It was already late when I saw it .... I was busy cooking in the kitchen and I missed it! Argg!!!
LOL, don't worry, trades will always come to us, we just have to sit and wait like predators waiting upon its prey, haha.
  • #17,193
  • Jan 19, 2010 8:15am Jan 19, 2010 8:15am
One perfect trade was before London open but I take jus 4 pips, closed on MR1. It was too early exit but safe.
Attached Image (click to enlarge)
Click to Enlarge Name: as5.gif Size: 28 KB
  • #17,194
  • Jan 19, 2010 8:22am Jan 19, 2010 8:22am
Sorry Noibitacu, but where he got 3 trades? I see just 1 after London open, it's on your example.

Quoting Nobitacu
Hmmm, he's had 3 trades now so far for London, he just won a M1 Euro Sell trade not long ago (did you catch it? I've included the screenshot he send me, trade won within seconds after entering). Yesterday he had 2 trades as well for Euro (3 but 1 was too risky to enter for him).
  • #17,195
  • Jan 19, 2010 8:30am Jan 19, 2010 8:30am
Quoting LT man
Sorry Noibitacu, but where he got 3 trades? I see just 1 after London open, it's on your example.
There was a M5 Sell trade earlier, and a M1 buy trade i believe as well both for Euro (the buy trade he lost, but still in profit for the session).
  • #17,196
  • Jan 19, 2010 8:41am Jan 19, 2010 8:41am
Sorry but I can't find it on E/U.

Quoting Nobitacu
There was a M5 Sell trade earlier, and a M1 buy trade i believe as well both for Euro (the buy trade he lost, but still in profit for the session).
  • #17,197
  • Jan 19, 2010 8:42am Jan 19, 2010 8:42am
Quoting LT man
Sorry but I can't find it on E/U.
I know there was a M5 Sell that happened soon after London open since I saw the screenshot at the time. The buy I forgot when it happened, it was a bit before the last M1 sell that took only seconds to win that I posted about.
  • #17,198
  • Jan 19, 2010 8:48am Jan 19, 2010 8:48am
Ok. I found the one. But it was against ruels. It took 4 candles between all confirmations. But if you accept this risk it's ok.
Attached Image (click to enlarge)
Click to Enlarge Name: as6.gif Size: 29 KB
  • #17,199
  • Jan 19, 2010 8:48am Jan 19, 2010 8:48am
Quoting LT man
One perfect trade was before London open but I take jus 4 pips, closed on MR1. It was too early exit but safe.
Great trade.
  • #17,200
  • Jan 19, 2010 8:51am Jan 19, 2010 8:51am
Quoting LT man
Ok. I found the one. But it was against ruels. It took 4 candles between all confirmations. But if you accept this risk it's ok.
Yup, I won't have entered, but I wasn't the one trading lol, he knew it was higher risk, but charts such as what Misspips posted, shows overall bear for London, so he took the risk.
11 traders viewing now, 1 is registered:
CM-PunkFX