DislikedUnfortunately, 100% is mission impossible.I am very satisfied with about 75% of success in trading.Good luck to everyone.Ignored
Pozdrav Ricmi!
Odlično ti ide!
Attached Image(s) (click to enlarge)
- #18,644
- Jun 5, 2010 10:07am Jun 5, 2010 10:07am
Very nice
only with THV ?!
i dont think so , coz some of your trades was opened for 2-3 days !:|
Also demo acc !
It's combination of THV and my system on renko candels!
Yes some trades are 2-3 days but it was at weekend or if trade start before midnight... but one day is usually!
It was testing strategy on demo, also I use it on my real account.
- #18,650
- Edited 12:31pm Jun 5, 2010 12:05pm | Edited 12:31pm
- Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts
Here are the color-coded rainbow entry points for most of this week from my personal documentation (I already documented part of June 3 live as it was happening in my posts of June 3 and I don't have room for any more attachments in this post). Also here is part of my statement for this week (this is a live account so I've erased the money figures and account numbers on the screenshots). I didn't take all the trades because of news, but I document them for myself anyway.
If you dont see why these are the entry points then keep looking at the screenshots until you do, bearing in mind that the object is
1) Trade with the trend, using the coral and the rainbow to define the trend
2) In an uptrend buy dips and in a downtrend sell tops
3) Enter the trade after a retrace as soon as momentum returns in the direction of the trend, using the trix to define that.
Server time in the screenshots is GMT+2
Re divergence - it has been discussed at length in the thread by many good traders and someone has even posted a cheat sheet on it If you don't want to read the thread you can watch the videos on it by Dean Malone over at CompassFx or complete the school at Babypips.com
Note the second trade here should be marked with a red line not a green one
If you dont see why these are the entry points then keep looking at the screenshots until you do, bearing in mind that the object is
1) Trade with the trend, using the coral and the rainbow to define the trend
2) In an uptrend buy dips and in a downtrend sell tops
3) Enter the trade after a retrace as soon as momentum returns in the direction of the trend, using the trix to define that.
Server time in the screenshots is GMT+2
Re divergence - it has been discussed at length in the thread by many good traders and someone has even posted a cheat sheet on it If you don't want to read the thread you can watch the videos on it by Dean Malone over at CompassFx or complete the school at Babypips.com
Note the second trade here should be marked with a red line not a green one
thank you for your reply. i will set it to true so that it shows the higher timeframes.
ok; can you or anyone else please point me to where i can read how to interpret the rainbow, arrows,trix etc? meaning, what to look for to either buy or sell?
thank you,
- #18,651
- Jun 5, 2010 12:18pm Jun 5, 2010 12:18pm
- Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts
Here are the color-coded rainbow entry points for most of this week from my personal documentation (I already documented part of June 3 live as it was happening in my posts of June 3 and I don't have room for any more attachments in this post). Also here is part of my statement for this week (this is a live account so I've erased the money figures and account numbers on the screenshots). I didn't take all the trades because of news, but I document them for myself anyway.
If you dont see why these are the entry points then keep looking at the...
. Perhaps an EA could be created to enter a trade when those conditions apply, i dunno...
- #18,653
- Jun 5, 2010 12:33pm Jun 5, 2010 12:33pm
- Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts
One has been. Its over in the THV EA thread.
Great! Those are the exact same signals I trade but on a different TF. I trade on H1 trix signals based on the H4 mtf trix signal (when all 4 are green or red). And this also gives great signals for those who can't sit in front of the computer all day long
- #18,656
- Jun 5, 2010 3:54pm Jun 5, 2010 3:54pm
Here are the color-coded rainbow entry points for most of this week from my personal documentation (I already documented part of June 3 live as it was happening in my posts of June 3 and I don't have room for any more attachments in this post). Also here is part of my statement for this week (this is a live account so I've erased the money figures and account numbers on the screenshots). I didn't take all the trades because of news, but I document them for myself anyway.
Thanks a lot for sharing the screen shots
All these entries only using this new clean rainbow template?
Nothing left from the 6 lights method?
What is the SL/TP?
Made in Ukraine
- #18,657
- Edited Jun 6, 2010 3:44am Jun 5, 2010 5:08pm | Edited Jun 6, 2010 3:44am
- Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts
Same sl and tp - 15 plus spread and 10 plus spread or Atr suggestion whichever is greater.
Personally, I still use the 6 lights method - that is, entry on 1 f and 5 fast plus another 4 points, in the direction of the rainbow, and also the 123THV Trade ( i.e -Make sure you have three higher highs or lower lows and then take the first legit THV trade you see - 6 point or trix cross - in the direction of the rainbow as long as there is 10 pips of room for the trade to move) You can see that I had 10 short trades this week and were not 10 short entries using this method during my trading hours. Some of those 10 were six point trades that didnt have the 1m slow and the 5m slow in their favor or 123 THV trades. (As you can see from my sceen shots, I have several 1m templates that I look at while trading and I will take a good trade that I see on any of them. Personally I like more information while I am trading and I like to see different views of the same thing, but a lot of people get overwhelmed by too much info and see the point much better with a relatively empty screen.) You will actually usually get a better entry using the 1m f and 5m fast or the 123THV trades than waiting for the 5m s to turn also - if you know how to weed out the bad ones.
However, for all practical purposes I've noticed that when you enter in the direction of a rainbow that is showing all the colors and have both the 1m fast and slow trix and the 5m fast and slow trix in favor you always have the other three points anyway (though that is not the only way you can get 6 points).
Therefore, in order to illustrate for SamK, who has asked this question about three times and appears not to absorb any written answers (from the fact that he keeps asking it even though it's been answered many times in the thread), and also does not appear to have any inclination to actually read the thread to learn about the nuances of the various types of THV trades there are, I decided to Keep It Simple and just the show ones that are completely obvious from the picture alone on the clean rainbow template.
There were a lot of other good entries there using the 1m fast and 5m fast or the 123Thv Method that I didn't show.
Personally, I still use the 6 lights method - that is, entry on 1 f and 5 fast plus another 4 points, in the direction of the rainbow, and also the 123THV Trade ( i.e -Make sure you have three higher highs or lower lows and then take the first legit THV trade you see - 6 point or trix cross - in the direction of the rainbow as long as there is 10 pips of room for the trade to move) You can see that I had 10 short trades this week and were not 10 short entries using this method during my trading hours. Some of those 10 were six point trades that didnt have the 1m slow and the 5m slow in their favor or 123 THV trades. (As you can see from my sceen shots, I have several 1m templates that I look at while trading and I will take a good trade that I see on any of them. Personally I like more information while I am trading and I like to see different views of the same thing, but a lot of people get overwhelmed by too much info and see the point much better with a relatively empty screen.) You will actually usually get a better entry using the 1m f and 5m fast or the 123THV trades than waiting for the 5m s to turn also - if you know how to weed out the bad ones.
However, for all practical purposes I've noticed that when you enter in the direction of a rainbow that is showing all the colors and have both the 1m fast and slow trix and the 5m fast and slow trix in favor you always have the other three points anyway (though that is not the only way you can get 6 points).
Therefore, in order to illustrate for SamK, who has asked this question about three times and appears not to absorb any written answers (from the fact that he keeps asking it even though it's been answered many times in the thread), and also does not appear to have any inclination to actually read the thread to learn about the nuances of the various types of THV trades there are, I decided to Keep It Simple and just the show ones that are completely obvious from the picture alone on the clean rainbow template.
There were a lot of other good entries there using the 1m fast and 5m fast or the 123Thv Method that I didn't show.
Hi, MissPips.
Thanks a lot for sharing the screen shots
All these entries only using this new clean rainbow template?
Nothing left from the 6 lights method?
What is the SL/TP?
- #18,659
- Jun 6, 2010 6:34am Jun 6, 2010 6:34am
Same sl and tp - 15 plus spread and 10 plus spread or Atr suggestion whichever is greater.
I will apply 6 lights to your new clean rainbow template to see
how they are doing together
Don`t you think that 10 pips TP is a bit small?
Quite often there are trades that could give 20+ profit.
Maybe it`s worth to exit profit trade when m5 f trix changes color to opposite?
(just a thought
) And one more: do you take in consideration distance from PA to 1m coral?
I mean: if it`s too far - do not enter?
P. S. New rainbow with changing color - is wonderful! You are genius!
Made in Ukraine
