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THV system, final edition

  • #20,101
  • Aug 30, 2010 9:34am Aug 30, 2010 9:34am
Quoting Tread
Folks, on vacation here, so no charts to post, here's my 2cents on the ADX before the Forex police (aka Wife) shuts me down.

Watchin the M1 ADX is critical for entry. Treat it the same way you woud the M1 Trix

When using MTF Entries, think of it like a foundation, with M1 as the foundation that all the entries stand on.

When entering a trading you want this in your favor, as this will give a high probability that the trade will go in you favor from entry. Otherwise you could end up in a situation where the M5 DI is good, but...
I know before you said that you usually trade in the direction of the 1 hr because if the trade starts to go against you-you may still have a chance for it to turn in your favor, my question is how far of a SL do you usually set or how far do you let this thing run against you ?
Look at something long enough, you will eventually get it.
  • #20,102
  • Aug 30, 2010 10:19am Aug 30, 2010 10:19am
Ideally it depends on the pairs I am trading, I use the 3x ATR(20) / Percentage of Account as a rule of thumb for the stop loss.

BUT when a trade starts to go bad you need to look at the indicator to advise if staying in the trade is worth.

If I am in a M1 trade 5mins in I would watch the 5M Adx to see if the trend is extended there, I would then watch the the M5 DI to see if i should exit (Opposing DI). 10Mins into the trade the M15 ADX starts to take on a whole new perspective. can I migrate this to longer term trade.

For most of my scalps I use the ADX to tell me when to get out....so that kinda guides what my Stoploss should be

Some example of trade taken

NZDJPY entry @ 60.697 - exit @ 60.123 - 57Pips
EURCHF entry @ 1.31189 - exit @1.30588 - 60Pips
USDJPY entry @ 85.384 - exit @ 84.637 - 70pips
EURCHF entry @ 1.31171 - exit @ 1.30611 - 56pips

All of these trades has gone negative, but I used the ADX to evaluate the strength of the trend, and determine to weather to stay in or get out
  • #20,103
  • Aug 30, 2010 3:26pm Aug 30, 2010 3:26pm
Quoting Tread
Ideally it depends on the pairs I am trading, I use the 3x ATR(20) / Percentage of Account as a rule of thumb for the stop loss.

BUT when a trade starts to go bad you need to look at the indicator to advise if staying in the trade is worth.

If I am in a M1 trade 5mins in I would watch the 5M Adx to see if the trend is extended there, I would then watch the the M5 DI to see if i should exit (Opposing DI). 10Mins into the trade the M15 ADX starts to take on a whole new perspective. can I migrate this to longer term trade.

For most of my scalps...
Thanks tread, you the man
Look at something long enough, you will eventually get it.
  • #20,104
  • Aug 30, 2010 3:37pm Aug 30, 2010 3:37pm
Hey guys i'am trading with this system about tow weeks and it's awesome but i have a question and i wanna know your opinion please

Which entry point is most successful :

THV4 Trix ( so late i think )

OR

T3 Trix ( more faster )

here is the chart
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  • #20,105
  • Aug 30, 2010 3:56pm Aug 30, 2010 3:56pm
Quoting broken_trend
Hey guys i'am trading with this system about tow weeks and it's awesome but i have a question and i wanna know your opinion please

Which entry point is most successful :

THV4 Trix ( so late i think )

OR

T3 Trix ( more faster )

here is the chart
Why is there such a difference ? I thought they were the same.
Look at something long enough, you will eventually get it.
  • #20,106
  • Aug 30, 2010 3:58pm Aug 30, 2010 3:58pm
no i mean the green line cross there is a clear difference ...
  • #20,107
  • Aug 30, 2010 6:19pm Aug 30, 2010 6:19pm
Quoting broken_trend
no i mean the green line cross there is a clear difference ...
yes i see thats interesting
Look at something long enough, you will eventually get it.
  • #20,108
  • Aug 30, 2010 7:01pm Aug 30, 2010 7:01pm
The trix above is using a HOT Parameter of 1.2 (default of V4) and the bottom Trix is a V3 which uses a Hot parameter of 0.7
  • #20,109
  • Edited 9:59pm Aug 30, 2010 8:23pm | Edited 9:59pm
Mr. tread,

your posts.... they are so on the money and so helpful, and hits the nail so hard on the head so many times...

A lot of the time, only by getting confused and failing, can we fully understand your pointers.

without your pointers, one could easily give up due to confusion and too many failed trades....

does the trix have any bearing on your exit decision?

Quoting Tread
Folks, on vacation here, so no charts to post, here's my 2cents on the ADX before the Forex police (aka Wife) shuts me down.

Watchin the M1 ADX is critical for entry. Treat it the same way you woud the M1 Trix

When using MTF Entries, think of it like a foundation, with M1 as the foundation that all the entries stand on.

When entering a trading you want this in your favor, as this will give a high probability that the trade will go in you favor from entry. Otherwise you could end up in a situation where the M5 DI is good, but...
  • #20,110
  • Aug 30, 2010 8:30pm Aug 30, 2010 8:30pm
Hi fellow traders,

Just a fast question? When you look at the beginning charts of Cobra's
you see a "aqua line" following the price action. I've been reading and demo trading this system but I have no idea what this line is.

Can someone tell me what this line is and the setting's?

Thanks

snarlyjack
  • #20,111
  • Aug 30, 2010 10:34pm Aug 30, 2010 10:34pm
seriously tread...you are a sage. i personally am grateful for your unconditional help.

thank you,
Quoting Tread
The trix above is using a HOT Parameter of 1.2 (default of V4) and the bottom Trix is a V3 which uses a Hot parameter of 0.7
  • #20,112
  • Aug 31, 2010 12:22am Aug 31, 2010 12:22am
Hey Guys,

One more question if I might?

The cloud settings that I'am using is 2, 3, 5 and
no colors on the first three and the last 2 colored.

But my cloud is looking just a bit different than yours
so I thought I would check in so we all are using the same settings?

thanks

snarlyjack
  • #20,113
  • Aug 31, 2010 3:51am Aug 31, 2010 3:51am
Quoting Renkoman
Hi all, can u guys explain me...and sorry for my english....
see pic - > http://s005.radikal.ru/i210/1008/d1/fec36eedf9b4.gif
I dont know what the rules you are following!

You should go to page 1 and read the manual meticulously.

"Daily candle is red" that doesn't mean you can go short even though Pa above Coral.
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  • #20,114
  • Aug 31, 2010 3:53am Aug 31, 2010 3:53am
Quoting Renkoman
Hi all, can u guys explain me...and sorry for my english....
Read the rules at the page 1.
I think:
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Made in Ukraine
  • #20,115
  • Aug 31, 2010 5:36am Aug 31, 2010 5:36am
Quoting Tread
The trix above is using a HOT Parameter of 1.2 (default of V4) and the bottom Trix is a V3 which uses a Hot parameter of 0.7

Well if thats the case how does the pipware trix compare to the v3, I've been using the pipware trix ? Should I switch to v3 ?
Look at something long enough, you will eventually get it.
  • #20,116
  • Aug 31, 2010 7:10am Aug 31, 2010 7:10am
H&S !! Could be completed ?
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  • #20,117
  • Edited 8:22am Aug 31, 2010 8:04am | Edited 8:22am
You need to be real careful shorting the EurUsd on the last day of the month. If you check out the last year you will see almost all last days of the month were up days and even the one or two that werent somebody was buying the dips until near the London close and the move that caused the day to end down was near the end of the London day or after it, apparently due to payments due to the EU. EURGBP almost always goes up on the last day of the month and that usually supports the EurUSD
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Quoting Monmak
H&S !! Could be completed ?
  • #20,118
  • Aug 31, 2010 8:20am Aug 31, 2010 8:20am
Quoting MissPips
You need to be real careful shorting the EurUsd on the last day of the month. If you check out the last year you will see almost all last days of the month were up days and even the one or two that werent somebody was buying the dips until the London close due apparently to payments due to the EU. EURGBP almost always goes up on the last day of the month and that usually supports the EurUSD
Thank you for your notice
  • #20,119
  • Aug 31, 2010 10:31am Aug 31, 2010 10:31am
Quoting traco1
Well if thats the case how does the pipware trix compare to the v3, I've been using the pipware trix ? Should I switch to v3 ?
The pipware uses 1.2. You can use either system, just not mix and match. Sometime the 1.2 will give the better entries and sometime the 0.7 will. Long term i have not seem one out perform the other
  • #20,120
  • Aug 31, 2010 10:34am Aug 31, 2010 10:34am
Quoting chiba_san
Mr. tread,

does the trix have any bearing on your exit decision?
If the trade is in profit... no .,,I watch the ADX to tell me that the strength/Direction is there to support the trade.

If the trade is negative, I would take the Slow Trix changing color as a good sign that the trade is no longer viable
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