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THV system, final edition

  • #17,381
  • Jan 25, 2010 7:31am Jan 25, 2010 7:31am
Sorry but i missed something.. When i first entered in forex I just trade in virtual for only 4 days then I started to trade in live.. And i know that i am not compleate yet.. So I trade with caution.. But my winning result is awesome.. So what should I do???
Quoting Nobitacu
I would suggest you change your MM, otherwise you'll lose you account in the end like many others that started trading. 120 days really isn't much time, especially when you've spend most of that just on the reading and learning and not actual trade time on LIVE account. Demo account trading can never prepare you mentally, emotionally and psychologically for REAL trading. Even if you got all the tech side all figured out on the demo side, once you step into live, your mind will kill your account with that MM.
Markets can remain irrational longer than you can remain solvent.
  • #17,382
  • Jan 25, 2010 7:37am Jan 25, 2010 7:37am
Quoting motiurbd
Sorry but i missed something.. When i first entered in forex I just trade in virtual for only 4 days then I started to trade in live.. And i know that i am not compleate yet.. So I trade with caution.. But my winning result is awesome.. So what should I do???
It's called greed, lol. You won't last in this market. Really, I'm not trying to be harsh, but I've seen this too many times here with new traders, hell, I've been through it myself, but if it has to take a big lost to wake you up, then well, at least you're on the right track to get there. We'll have to see then if you're still here with us 6-12 months from now. Trading with 80% risk is not what I would consider being "caution". All you're seeing right now is "Large profits! Doubling account within 1 week to one month! Becoming a millionaire within a year!" not, "hmmm... what should I be doing in order to survive in this market for decades?". But hey! If you can keep doing what you're doing and keep making those big profits for 5 years in a roll, then I'm sure we'll all see you on Forbes top 5 riches people in the world. Actually, THE riches person in the world. Best of luck with that, there's a good reason why NO pure Forex trader has been on that list yet.
  • #17,383
  • Jan 25, 2010 7:38am Jan 25, 2010 7:38am
hi there,

'm also new to forex but in the short time that ive been studying and learning I've found that mm is really the number 1 reason why so many begginners fail over and over again... with your sytem if you are wrong twice in a row you are buggered! change your mm to no more than 5% off account risked, depending on amount of capital etc...
@pawpaw1000 on Twitter
  • #17,384
  • Jan 25, 2010 8:09am Jan 25, 2010 8:09am
Hello Nobitacu. Today very chopy price action. No one call from Lodon begining. How about your searching with Stratman dashboard?
  • #17,385
  • Jan 25, 2010 8:10am Jan 25, 2010 8:10am
I know what you are trying to tell me.. I dont like to trade in virtual, so i put real 1$ every week and trade with that.. I choose marketiva because you can even trade here with 1cents
I imagined 1$ as a 100$ and 1cents as a 1 dollar.. Now i trade with only 20 to 25 dollar.. so that i can prepare myself for my real trading after 1 to 2 years later!
I want to know all the ups and downs before investing my real account.. But the funny thing is I made 20 to 30$ each day with my virtual cum real account.. And each day i only with my 25$.. Never more than this..

Quoting Nobitacu
It's called greed, lol. You won't last in this market. Really, I'm not trying to be harsh, but I've seen this too many times here with new traders, hell, I've been through it myself, but if it has to take a big lost to wake you up, then well, at least you're on the right track to get there. We'll have to see then if you're still here with us 6-12 months from now. Trading with 80% risk is not what I would consider being "caution". All you're seeing right now is "Large profits! Doubling account within 1 week to one month! Becoming a millionaire...
Markets can remain irrational longer than you can remain solvent.
  • #17,386
  • Edited 8:58am Jan 25, 2010 8:16am | Edited 8:58am
Quoting LT man
Hello Nobitacu. Today very chopy price action. No one call from Lodon begining. How about your searching with Stratman dashboard?
Yea, my partner got into 1 trade during London, but was so choppy he got out with BE, but that trade did ended up winning if would have kept open, but was just too risky doing so with this choppy PA.

As with Stratman's dashboard? Pretty good so far, already saw two trades that would have got me 10 pips each easily this NY session, one on each pair of Euro and Cable. I'll have to watch PA more however with it to get a better feel before I will actually trade real funds based off the dashboard, but so far so good.
  • #17,387
  • Jan 25, 2010 8:22am Jan 25, 2010 8:22am
Quoting LT man
Hello Nobitacu. Today very chopy price action. No one call from Lodon begining. How about your searching with Stratman dashboard?

agree with that... Cant find a single good trade! Made one stupid one out of desperation which cost me 4 pips...
@pawpaw1000 on Twitter
  • #17,388
  • Edited 8:33am Jan 25, 2010 8:23am | Edited 8:33am
Quoting motiurbd
I know what you are trying to tell me.. I dont like to trade in virtual, so i put real 1$ every week and trade with that.. I choose marketiva because you can even trade here with 1cents
I imagined 1$ as a 100$ and 1cents as a 1 dollar.. Now i trade with only 20 to 25 dollar.. so that i can prepare myself for my real trading after 1 to 2 years later!
I want to know all the ups and downs before investing my real account.. But the funny thing is I made 20 to 30$ each day with my virtual cum real account.. And each day i only with my 25$.....
It's fine, just remember to start cutting back your risk as you increase your account capital. Even when trading live, the emotion of trading a $100 account is nowhere near the same as trading a $10,000 account, even if you already pretend to see it that way when you're on a $100 account. Looking at a -$60 to -$80 negative in one trade is not the same feeling as seeing a -$6000 to -$8000 in negative in one trade lol. Trust me, I've seen a -$6000 floating in my dumb days on live, and it's not fun. I still think you should lower your total risk capital to not any larger than 5% no matter the account size. My max risk capital at any given time is only 3.5%. On a single position, my total market exposure is only 1.5% - 2% risk. Just remember, baby steps will lead to great length, while trying to take large giant steps will only get you tripped in the end. My account can sustain 66 losing trades in a roll before hitting margin call, while yours, not even 2, think about it, which account will have a better chance at surviving in this market?
  • #17,389
  • Jan 25, 2010 8:25am Jan 25, 2010 8:25am
Here is an update on the yellow fib on the high and low
of the bear flag that I've been posting.
The 127 level (hidden behind confluence with the 50 level of
the big down wave on the weekly chart) and the 141.4 level
are still working nicely
Attached Image (click to enlarge)
Click to Enlarge Name: yellowfib.png Size: 70 KB
  • #17,390
  • Jan 25, 2010 8:40am Jan 25, 2010 8:40am
hi all, i'm new with thv system, and there is a lot of question in my head..can i ask can we enter a postion like the one in yellow box?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu m5 trial.gif Size: 41 KB
Click to Enlarge Name: gu m5 trial.gif Size: 40 KB
  • #17,391
  • Jan 25, 2010 9:07am Jan 25, 2010 9:07am
Quoting madshark
hi all, i'm new with thv system, and there is a lot of question in my head..can i ask can we enter a postion like the one in yellow box?
No brother, its too late... There werent any clear signs even though price moved nicely there werent any real good signs of what was to come...

Look for a clear cross of the trix, same colour also! Then check your 1 hr and 30 min tf's to see whether you're going with the trend and after that, go to one minute and look for good entry. Must have at least 6 lights red/ green depending which way youre trading...

hope you understand
@pawpaw1000 on Twitter
  • #17,392
  • Jan 25, 2010 9:09am Jan 25, 2010 9:09am
Quoting madshark
hi all, i'm new with thv system, and there is a lot of question in my head..can i ask can we enter a postion like the one in yellow box?
No, first picture had its trix still crossed up, so you can't short, you can't long there either on the second one because the trix cross already happend awhile back, and at that time, price was still below coral and cloud.
  • #17,393
  • Jan 25, 2010 9:11am Jan 25, 2010 9:11am
Quoting pawpaw1000
No brother, its too late... There werent any clear signs even though price moved nicely there werent any real good signs of what was to come...

Look for a clear cross of the trix, same colour also! Then check your 1 hr and 30 min tf's to see whether you're going with the trend and after that, go to one minute and look for good entry. Must have at least 6 lights red/ green depending which way youre trading...

hope you understand
The trade he posted is based on original THV method, not misspips's method, so there are no six green/red lights to watch.
  • #17,394
  • Jan 25, 2010 9:19am Jan 25, 2010 9:19am
I truly agree. "Greed" is the word.

I was attracted to forex when I lost my job and asked by a seminar speaker if I want to make passive income of $100k constantly per year. I said YES and signed up for his courses and later on bought robots, but things are not easy as spoken.

I would say Greed completely took over me when I heard about $100k annual profits. Not blaming anybody but only myself.

With a big failure which really wake me up, it came to me that forex is not a child's play. It is a personal responsibility.

Just trying to share my waking up experience.

Quoting Nobitacu
It's called greed, lol. You won't last in this market. Really, I'm not trying to be harsh, but I've seen this too many times here with new traders, hell, I've been through it myself, but if it has to take a big lost to wake you up, then well, at least you're on the right track to get there. We'll have to see then if you're still here with us 6-12 months from now. Trading with 80% risk is not what I would consider being "caution". All you're seeing right now is "Large profits! Doubling account within 1 week to one month! Becoming a millionaire...
  • #17,395
  • Jan 25, 2010 9:24am Jan 25, 2010 9:24am
my post was about the top picture btw...

didnt look at second but if it conforms to what i said in first post then its good!
@pawpaw1000 on Twitter
  • #17,396
  • Jan 25, 2010 9:26am Jan 25, 2010 9:26am
Quoting Nobitacu
The trade he posted is based on original THV method, not misspips's method, so there are no six green/red lights to watch.

oops

just took a quick peek... hehehe
@pawpaw1000 on Twitter
  • #17,397
  • Jan 25, 2010 9:28am Jan 25, 2010 9:28am
I couldnt find any safe entries too ..... for a moment I thought its only me as my eyes are blurish as they are glued to the screen since London session.
  • #17,398
  • Jan 25, 2010 9:29am Jan 25, 2010 9:29am
[IMG]file:///C:/Program%20Files/FXCM%20MT4%20powered%20by%20BT/trade4.gif[/IMG]

Look at this entry and tell me it aint good? The other TF's are all crossed and down but this trade seems like it'll go against me

any advise?
@pawpaw1000 on Twitter
  • #17,399
  • Jan 25, 2010 9:32am Jan 25, 2010 9:32am
Quoting Nobitacu
Sure, here you go. I'm now using "THV3 Trix for MTFHisto" as my trix indicator (until Startman fixes the bug on his version of the Trix indicator) as it doesn't have that gray area on the right side, giving me back some chart space. =)

The Indicators on this chart:

TzPivotsD_v3.4
TzPivotsMW_v3
thv-coral-pipware-v2.0
THV3 Trix for MTFHisto
Laguerre_RSI_v1.01m_mtf
SwissArmyMixedhistoV4.11 (you'll need to check MissPips post about this indicator if you don't have it, as you need to download a whole bunch of other indicators in order for this to...

Thank you for sharing your template ...

Have a great week
I am Brazilian and I never give up!
  • #17,400
  • Jan 25, 2010 9:35am Jan 25, 2010 9:35am
heres the picture as it doesnt seem to have posted!
Attached Image (click to enlarge)
Click to Enlarge Name: trade4.gif Size: 77 KB
@pawpaw1000 on Twitter
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