THV system, final edition

Hello Friend ...
That is SOP_Multitimeframe indicator... To Know more read my previous 10 posts ...
Arun...

3xATR(20)SL is broken down this way:

3 times the 20 period moving average of the Average True Range would equal the amounts of pips to your stop loss.

If the ATR(20) was 15, your stop loss would be 45 pips.

arun...

The following are 10 most common but deadly Trading Mistakes, which traders should avoid at all costs. Anyone of them can literally destroy one's financial dreams and goals!

1. Trading for excitement & thrill Not for profits.
Many traders consider stock market as casino and trade for thrill and fun only. As soon as one has a losing trade, he wants to quickly make back the lost money. He thinks about the other things he could have done with the money, regret taking the trade and want to recover as quickly as possible. This in turn leads to further mistakes. Be patient and wait for the next high probability opportunity. Don't rush back in.

2. Trading with a high ego.
Many individuals who have remained highly successful in other business ventures have failed miserably in trading game. Because they have a fairly big ego and thought they couldn't fail. Their egos become their downfall because they can not except that they would be wrong and refuse to get out of bad trades. Once again, whoever or wherever has any one come from does not concern the markets. All the charm, powers of persuasion, number of degrees & diplomas of business management on the wall or business savvy will not budge the market when you are wrong.

3. Three 4-letter words that will kill you! HOPE--WISH--FEAR--PRAY
If you ever find yourself doing one or more of the above while in a trade then you are in big trouble! Markets has own system of moving up & down. All the hoping, wishing and praying or being fearful in the world is not going to turn a losing trade into a winning one. When you are wrong just use a simple 4-letter word to correct the situation-GET OUT!

4. Trading with money you can't afford to lose.
One of the greatest obstacles to successful trading is using money that you really can't afford to lose. Examples of this would be money that is supposed to be used in any other business, money to be paid for college/school fee, trading with borrowed money etc. Ultimately what happens is that when someone knows in the back of their mind that they are risking the money they can not afford to lose, they trade out of fear and emotion versus logic and no emotion. If you are in this situation It is highly recommend that you stop trading until you earn enough to put into an account that you truly can afford to lose without causing major financial setbacks.

5. No Trading Plan
If you consider yourself a trader, ask yourself these questions: Do I have a set of rules that tell me what to buy, when to buy and how much to buy, not just for the next trade, but for the next 10 trades? Before I enter a trade, do I know when I will take profits? Do I know when I will get out if I am wrong? These questions form the first part of a trading strategy. There simply cannot be any expectation of success if we can't answer these questions clearly and concisely.

6. Spending profits before you make them.
Nothing is more exciting then getting into a trade that blasts off and puts you into a highly profitable situation. This can cause major problems however, because this type of trade puts you in a highly euphoric state and leads to daydreaming about the huge profits still to come. The real problem occurs as you get caught up in the daydream and expectations. This causes you to not be prepared to get out as the market reverses and wipes off all your profits because you have convinced yourself of the eventual outcome and will deny the reality of the situation. The simple remedy for this is to know where and how you will take profits once you enter the trade.

7. Not Cutting Losses or letting Profits run
One of the most common mistakes made by traders is that they let their losses grow too large. Nobody likes to take a loss, but failing to take a small loss early will often result in being forced to take a large loss later. A great trader is not someone who has never had a loss. Great traders have made many losses. But what makes them great is their ability to recover quickly from a string of losses. Every trader needs to develop a method for getting out of losing trades quickly. Research and learn to apply the best methods for placing protective stoploss orders. The only way to recover from many (small) losing trades is to make sure the winning trades are much larger. After a series of losing trades, it becomes difficult to hold a winning trade because we fear that it will also turn into a loss. Let your profitable trades run. Give them room to move and give them time to move.

8. Not Sticking to your plans & Changing strategies during market hours
If you find yourself changing your strategy during the day while the markets are still open, be mindful of the fact that you are likely to be subject to emotional reactions of fear and greed. With rare exception, the most prudent thing to do is to plan your trading strategy before the market opens and then strictly stick to it during trading hours.

9. Not knowing how to get out of a losing trade.
It's amazing that most of the traders don't have any clear escape plan for getting out of a bad trade. Once again they hope, pray wish and rationalize their position. It must be kept in mind that market does not care what you think. It does what it does and when you are wrong you are wrong! The easiest way to keep a bad trade from going really bad is to determine before you get in, where you will get out.

10. Falling in love with a stock (Just Flirt).
Many traders get fascinated by just a stock or two and look for opportunities to trade in those stocks only ignoring the other profitable trading opportunities. It is because they have simply fallen in love with a stock to trade with. Such tendencies can be suicidal as for as trading is concerned. It may cost any one dearly.

1. Trading for excitement & thrill Not for profits. - Guilty

2. Trading with a high ego. - Guilty

3. Three 4-letter words that will kill you! HOPE--WISH--FEAR--PRAY - - Guilty

4. Trading with money you can't afford to lose. - - Guilty

5. No Trading Plan - Guilty

6. Spending profits before you make them. - Guilty

7. Not Cutting Losses or letting Profits run - Guilty

8. Not Sticking to your plans & Changing strategies during market hours - Guilty

9. Not knowing how to get out of a losing trade. - Guilty

10. Falling in love with a stock (Just Flirt). - Weird



Took about 3 years to shake of number 8, after that everything was groovy

Yup, #8 is a tough one to overcome here too.

Is the template the one sold by pipware?

Hi Pipsagogo

There are no ea's, once the installer is completed, follow the rules as per page 1, this is the core and remains unchanged. Depending on your success, there are several addons that other member trade (last 200 pages or so)

Rainbow
ADX
EMA

Also the swissarmy indicator is used to summarize a lot of the information for clear and clean charts.

Once you are trading, there are a lot of additional material to look into. There is an alert indicator by Seller9 and a dashboard by Arun. Most questions are already answered and discussed at length, use the search thread feature to pull an information you may need. The paper clip to the top right bring up the attachment so you can find all files in this thread (click hide images).


Good luck in your trading[/quote]

1. Divide your capital into 10 equal risk parts.
2. Never over trade.
3. Never place order for BUY/SELL without stop loss conditions.
4. Never let profit turn into loss.
5. Trade with the trend.
6. Never take lead you may loose heavily.
7. Never try to be over smart.
8. Don't trade if trend not clear
9. Don't follow tips only.
10. Use the right orders only.
11. Withdraw portion of profits.
12. Don't be whimsical about closing your trades.
13. Never buy a stock to get dividend.
14. Never average your losses.
15. Take big profits and small losses.
16. Sell short as often as you go long.
17. Never buy any stock just it is low priced.
18. Pyramid your trades correctly.
19. Decrease your trading after a series of successful trades.
20. Don't change your opinions during market hours.
21. Don't follow the crowd - they are usually wrong.
22. Buy on rumor and sell on news.
23. Take windfall gains when you get.
24. Keep your charts up to date.
25. Preserve your capital.
26. Nothing ever new occurs in market.
27. Markets are never wrong opinion may be.
28. Never permit speculative ventures to turn into investments.
29. Never try to predetermine your profits.
30. Never buy a stock just because it is low priced or don't sell just because it is high priced.
31. Look for reasonable profits.
32. Buy as soon as a stock makes new highs after a normal reaction.
33. Ban wishful thinking in the market.
34. Leaders of today may not be leaders of tomorrow.
35. Don't be too cautious about reasons behind the moves.
36. Trade only the active stocks.
37. Bear markets have no support and bull markets have no resistance.
38. The smarter you are the longer it takes.
39. It is very hard to get out of a trade than to get in.
40. Don't talk about what you are doing in the market.
41. When time is up, markets must reverse.
42. Control what you can; manage what you can not.
43. Big movements take time to develop.
44. A good trade is profitable right from the start.
45. If you can not make money trading the leading issues you can not make it trading the overall market.
46. Avoid partnership in trading accounts.
47. The human side of every person is the greatest enemy of successful trading.
48. Money can not be made every day in the market.
49. As long as market is acting right don't rush to take profits.
50. Never buy a stock just because it has fallen from a great high, nor sell a stock because it is high priced.

Friends ....

Dont angry ... only advices can get free of charge .. I ll got form some website ...

Just play based on your understanding ... thats give huge result ...

Good Luck ...

Arun...

I just posted to show consistency of THV in 60M ...

I believe this Bear markets have no support and bull markets have no resistance and following this ....

Now I really salute COBRA , TREAD and MISSPIPS ..

Thanks once again..

Arun...

Hi Arun,
I realy like how you use THV in H1 time frame.
I thought trix is usually very late there but you are showing there is a way to manage that.
What is your usual SL? Do you use logical zones (last low, high...) or you have a fixed value of SL?
I have not dared to trade H1 still, so I only watch H1 charts but the trades I take in M5 with some MTF stuff.
Wish you the best up there in H1!

No, all the THV related indicators and templates are free. Pipware has free THV indicators available.

There is a thread entitled pipware.com on this forum, if you need to get additional information on pipware products you can get more information there.

Nice Job Arun....

thanks tread for explaination!

Friend ...

I have considering Trix for only entry and confirm with ADX ...

For Stop loss I use 40 pips and, If market moves to 40 pips I just make a break even [SL moved to Entry Point ]

I wont believe Support and resistance... [I am trading more than 5 years without believing that]... that kg_support & resistance, I just use for breakout and SL points.

Form last week I ll take the confirmation with SOP_Multitimeframe ... Its strength indicator ... so its give some more clarity and confidence ....

If you want to reduce SL analyse with 15M with same tpl...

Happy Trading....

Arun...

thanks my friend.
cheers

Sorry to ask my friend, I just start w/ cobra sistem, when you said "when the signal appears" what you mean? I don't get it. Thank for you time. Hope you help me.

The main V4 rules:


Entry: Above Coral only long, below Coral only short
Price crosses cloud - both Trix cross each other and have the same color.
Best and most secure trend confirmation is a cross of the fast Trix on the zero level.

Exit:Faster Trix changes color and/or touch of a known good resistance/support level.

"Took about 3 years to shake of number 8, after that everything was groovy"

I'm not sure No: 8 is true. I think the financial instruments markets are so dynamic and manipulated that it is impossible to plan for all contingencies so at times it is unwise to not to adjust one's game plan.

PH

hi all, im wondering if these charts at side can be remove.Any help would be highly appreciated.

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