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THV system, final edition

  • #17,801
  • Feb 16, 2010 1:48pm Feb 16, 2010 1:48pm
Can you confirm what time of the day the trade was taken? I can't tell from your screenshot.

It would appear though that the trade was taken shortly before the open of the DOW, which can be choppy. I always wait until after the DOW opens (out of all trades 15 minutes prior to DOW). Also looks like your M1 short was right into the M5 Coral. Look to your higher time frames and you will note that you were shorting against the M30 fast trix - which had turned up and green, indicating a trend change. I cought a piece of the big long that started at 7:30 am PST as I could see the markets turning that direction.

Hope that helps.
Quoting Emp
Hi all

Got a failed trade early today. Hope to hear some comments. Thanks.

Entry rules:

1) M5 trix red and crossed
2) Price below Coral
3) Laguerre RSI heading down
Without vision, the people will perish.
  • #17,802
  • Feb 16, 2010 2:03pm Feb 16, 2010 2:03pm
Some time ago in the forum, an indicator that showed the sweet spots (big numbers - 00, 50) and medium numbers (20, 80,) was posted but I cannot find it. It automatically drew in the horizontal lines at those levels. Can someone post that once again?

Thanks
Without vision, the people will perish.
  • #17,803
  • Feb 16, 2010 2:16pm Feb 16, 2010 2:16pm
Quoting bythepound
Some time ago in the forum, an indicator that showed the sweet spots (big numbers - 00, 50) and medium numbers (20, 80,) was posted but I cannot find it. It automatically drew in the horizontal lines at those levels. Can someone post that once again?

Thanks
Enjoy

Wes
Attached File(s)
File Type: ex4 SDX-SweetSpots_v5.2.ex4   8 KB | 692 downloads
  • #17,804
  • Feb 16, 2010 2:53pm Feb 16, 2010 2:53pm
That's the one - Thanks!
Quoting wesnel
Enjoy

Wes
Without vision, the people will perish.
  • #17,805
  • Feb 16, 2010 6:10pm Feb 16, 2010 6:10pm
Quoting ricmi
I feel free to advise you:spent some time on TA chart,pay attention on PA and use only necessary indies.Look at 30M chart and say what you see.

hi ricmi, can you please explain what you look for exactly with your entry and how you can hold you trades for so long?
  • #17,806
  • Feb 16, 2010 6:14pm Feb 16, 2010 6:14pm
Hi Miss Pips,

I know that there have been several releases of the MTF Trix since this version (THV T3 Trix MTF). Have the subsequent versions taken care of the fragmenting or broken Trix lines that I have circled in yellow?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 24 KB
Without vision, the people will perish.
  • #17,807
  • Feb 16, 2010 11:02pm Feb 16, 2010 11:02pm
Hi Novice198,

1. CaveManager will not overwrite your SL and TP if you have set them when you open the trade position. It will only modify the order if either SL or TP is zero.

2. CaveManager will close positions based on what you have configured it to do.

3. I don't quite understand your question. CaveManager will always take the latest settings. If you change it while it is managing a trade, it will take the new settings to manage the trade once you save the new settings.

Cheers,
CaveMan

Quoting novice198
1) If the default setting on the EA for SL is 15 Pips and while placing the order the SL is set at 25 pips. Pls cnfm if my understanding is correct that the SL of 15 pips would be applicable as the EA will take the its own settings to manage the trade and as such the SL set on the brokers Platform will not be relevant.

2) I assume that once the Cavemanager EA takes over the Trade then it will be closing the Trades automatically at the predetermined levels of TP or SL...
  • #17,808
  • Feb 16, 2010 11:48pm Feb 16, 2010 11:48pm
Quoting rogerdoger
hi ricmi, can you please explain what you look for exactly with your entry and how you can hold you trades for so long?
Very simple.On M30 chart we see:trend line is up,PA is above varma line,trix cross on zero level,PA is in green area of ICCE.So,clear uptrend.
On first TA M5 chart is indies confirmation of uptrend and in the end,on 5M THV
trix cross on zero level,indies are green,PA is above varma and cloud.Exit when HA change color or PA cross varma and cloud.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ta.gif Size: 36 KB
Click to Enlarge Name: ta m5.gif Size: 41 KB
Click to Enlarge Name: eu m5.gif Size: 46 KB
  • #17,809
  • Feb 17, 2010 12:37am Feb 17, 2010 12:37am
good system, thanks for your great work, Cobra !
  • #17,810
  • Feb 17, 2010 12:41am Feb 17, 2010 12:41am
Quoting ricmi
Very simple.On M30 chart we see:trend line is up,PA is above varma line,trix cross on zero level,PA is in green area of ICCE.So,clear uptrend.
On first TA M5 chart is indies confirmation of uptrend and in the end,on 5M THV
trix cross on zero level,indies are green,PA is above varma and cloud.Exit when HA change color or PA cross varma and cloud.
is there any reason you prefer the 30m over the 1hr?
do you have an email i can contact you at?
  • #17,811
  • Feb 17, 2010 1:00am Feb 17, 2010 1:00am
Don't waste your time vasi

Someone with the nickname theman007, 2 posts in FF and 9 years experience giving free personal classes?

Quoting vasi
Have you a skype account?
  • #17,812
  • Feb 17, 2010 1:06am Feb 17, 2010 1:06am
No. That indie is not actually one that I did. I just added some of my own ideas to it like the ability for it to have a histogram, and to show/hide that, and the auto timeframe ability. I haven't really looked into the mechanics of how it works.

Quoting bythepound
Hi Miss Pips,

I know that there have been several releases of the MTF Trix since this version (THV T3 Trix MTF). Have the subsequent versions taken care of the fragmenting or broken Trix lines that I have circled in yellow?

Thanks
  • #17,813
  • Feb 17, 2010 1:09am Feb 17, 2010 1:09am
Quoting rogerdoger
is there any reason you prefer the 30m over the 1hr?
do you have an email i can contact you at?
To avoid pullbacks,retest etc.,I am using M1 for entry and M5 for exit.Can you see the time periods-M1-M5-M30,difference is 5 and 6 candles.Almost the same difference.In H1 we have 12 M5 candles,so we can see a possible indications on M30 before than H1 chart.Email:[email protected]
cheers
  • #17,814
  • Feb 17, 2010 6:32am Feb 17, 2010 6:32am
i
@pawpaw1000 on Twitter
  • #17,815
  • Feb 17, 2010 6:43am Feb 17, 2010 6:43am
sorry bout previous post...

I'm back after a while of trading and self reflection and am here to share my results over the last 2 weeks

I took a long time to find the thv strategy that fits me and have finally found a way to trade that is perfect for me and it is really liberating!!!

these are results for last two weeks. Please realise I only have limited time to trade per day and still busy with today.

Now two weeks is short but would like to know whether you think it is just luck or that I have really found my strategy. I risk 5% per trade (10 pips) and look for between 7 - 25 pips per trade, depending on a couple of factors...

14/15 is more than luck?
Attached Image (click to enlarge)
Click to Enlarge Name: trade4.gif Size: 93 KB
@pawpaw1000 on Twitter
  • #17,816
  • Feb 17, 2010 7:02am Feb 17, 2010 7:02am
Quoting pawpaw1000
sorry bout previous post...

I'm back after a while of trading and self reflection and am here to share my results over the last 2 weeks

I took a long time to find the thv strategy that fits me and have finally found a way to trade that is perfect for me and it is really liberating!!!

these are results for last two weeks. Please realise I only have limited time to trade per day and still busy with today.

Now two weeks is short but would like to know whether you think it is just luck or that I have really found my strategy. I risk 5%...
Congratulations great job!!!

Don't you think that 5% is too risky?

Could you comment your strategy?

I think it's not luck, once you adapt the system to your own style, it works very good.

I'm also impressed with the results
"Being picky only cost your time - not MONEY"...Hans
  • #17,817
  • Feb 17, 2010 7:15am Feb 17, 2010 7:15am
Quoting nando_rich
Congratulations great job!!!

Don't you think that 5% is too risky?

Could you comment your strategy?

I think it's not luck, once you adapt the system to your own style, it works very good.

I'm also impressed with the results
Well, yeah... I think when I start trading with real money I'll be more conservative but for testing, I'll continue to use 5%...

Since I dont use automatic stops, I do sometimes make mistakes like 2 min ago I left a trade for 3 min as there was someone at the gate and I went down to 7.5%!!! but that is definately too much so next time i'll set my sl at 5% if I leave...

I basically use thv trix and follow gbp / usd, its nice and volatile! wait for both to be well oversold / bought and then buy / sell... I also look at patterns that could be forming and then I also try and see which way it is trending. Like today for example, it was down but I believe over next few days it'll go up for a couple of days before continuing down..

I kind of use alot of different things together. I know it sounds confusing but it really isnt!
@pawpaw1000 on Twitter
  • #17,818
  • Feb 17, 2010 7:48am Feb 17, 2010 7:48am
Quoting pawpaw1000
Well, yeah... I think when I start trading with real money I'll be more conservative but for testing, I'll continue to use 5%...

Since I dont use automatic stops, I do sometimes make mistakes like 2 min ago I left a trade for 3 min as there was someone at the gate and I went down to 7.5%!!! but that is definately too much so next time i'll set my sl at 5% if I leave...

I basically use thv trix and follow gbp / usd, its nice and volatile! wait for both to be well oversold / bought and then buy / sell... I also look at patterns that could be forming...
How do you know when to get in as the currency pair may stay OB/OS for some time before reversing ?
Look at something long enough, you will eventually get it.
  • #17,819
  • Edited 1:25pm Feb 17, 2010 1:24pm | Edited 1:25pm
Quoting traco1
How do you know when to get in as the currency pair may stay OB/OS for some time before reversing ?

dont know if it is just me but gbp usd seems to have the most amazing ups and downs... look at the trix and look at the pa! You see what I mean when I say OVERBOUGHT, I'm talking HIGH up...

During the day I find normally about 3 or 4 trades. Once the 5 min is really ovebought I start looking at 1min, if it crosses, I sell / buy. I then keep looking at 1min for exit. If 1min goes oversold or fast turns green, I'm out!

I only need 8 pips or so to make a good trade. I trade with 3 lots as you saw. I then set a mental sl at 15 pips which is 450 eur. (4.5%)

I know my r:r ratio isn't great but my accuracy is. I need 60% accuracy to break even, I think

This has really been working well for me but todays little escapade where i lost 8% gave me a bit of a wake-up call! shouldnt become to relax and think I know it all. Keep reminding myself that the market doesnt care about me and it is looking to eat me up! hoping I can always stay one step ahead...

I have told myself that no matter what, I WILL BECOME A PROFESSIONAL! My job will be earning me good money for next 8 years at least and that is more than enough time to tweak the system and get to know my currency, GBP/USD!

any suggestions???
Attached Image (click to enlarge)
Click to Enlarge Name: trade4.gif Size: 74 KB
@pawpaw1000 on Twitter
  • #17,820
  • Feb 17, 2010 5:37pm Feb 17, 2010 5:37pm
Quoting pawpaw1000
dont know if it is just me but gbp usd seems to have the most amazing ups and downs... look at the trix and look at the pa! You see what I mean when I say OVERBOUGHT, I'm talking HIGH up...

During the day I find normally about 3 or 4 trades. Once the 5 min is really ovebought I start looking at 1min, if it crosses, I sell / buy. I then keep looking at 1min for exit. If 1min goes oversold or fast turns green, I'm out!

I only need 8 pips or so to make a good trade. I trade with 3 lots as you saw. I then set a mental sl at 15 pips which is...

What about this ?
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd-5m-THV.JPG Size: 87 KB
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