1 Min THV Flag Trading | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

THV system, final edition 26,001 replies

THV 4 system with SAH; My Trading Journal 163 replies

Bow's trading journal (THV, Hmaoui simple system) 4 replies

Day trading journal using THV 6 replies

Mysterio's Trading Journal (based on THV) 34 replies

Attachments: 1 Min THV Flag Trading
Exit Attachments

1 Min THV Flag Trading

  • #121
  • May 25, 2011 2:20pm May 25, 2011 2:20pm
Quoting doman
Thanks

And that getting out on B/E was luck of patience or it was legit?

:-)
Nothing wrong with B/E but i stayed in for a win but you got in later for a win. I had already setup trade with 3 lights for a 123 trade when i got 4 greens right before entry.

I would've stayed but i've been wrong before.
Happy trading
JTee1
  • #122
  • May 25, 2011 2:57pm May 25, 2011 2:57pm
24 wins and 3 losses by the rules of 4 lights. I also dont trade daily due to my schedule and I take other trades as well and no trades during news. Ave pip take around 9.7 pips per trade.
One trade today on EU after all news, Patience is key.

Happy Trading
JTee1
  • #123
  • May 25, 2011 8:32pm May 25, 2011 8:32pm
12.5 pips
25 wins
3 losses
Attached Image (click to enlarge)
Click to Enlarge Name: EU Asian Session 5.25.11.JPG Size: 106 KB
  • #124
  • May 26, 2011 4:33am May 26, 2011 4:33am
Quoting JTee1
12.5 pips
25 wins
3 losses
These trades they would be all wins becouse of huge SL .... Any comments on this?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 26.5.2011 , 11_16_19.png Size: 72 KB
  • #125
  • May 26, 2011 8:38am May 26, 2011 8:38am
Quoting doman
These trades they would be all wins becouse of huge SL .... Any comments on this?
Short answer yes
Huge SL i dont think they are but every ones own perception is their reality.
Money management of 2% max SL on any one trade. I'm usually at .8 to 1.5% SL
I would have taken first trade 15.1 SL 13.1 TP and stayed for 52 minutes until TP of 13.1 was hit. I would only have taken 1 trade and moved SL with each new donchian lower break i would move SL to new Lower High of donchian. Remember were on 1 minute and going to the well to many times it will eventually dry up.

Happy Trading
JTee1
  • #126
  • May 26, 2011 9:27am May 26, 2011 9:27am
Didn't take trade but will be looking for a good 123 buy coming up
Attached Image (click to enlarge)
Click to Enlarge Name: EU 5.26.11.JPG Size: 159 KB
  • #127
  • Edited 10:24am May 26, 2011 10:22am | Edited 10:24am
News over 10:45 Set Sell Script
19 pip SL Total Risk $57
17 pip TP Reward $51
Miscalculation on my part 14.7 pip profit of $44.10

Happy Trading
JTee1
Attached Image (click to enlarge)
Click to Enlarge Name: EU 5.26.11 After News.jpg Size: 200 KB
  • #128
  • May 26, 2011 10:28am May 26, 2011 10:28am
Still looking for 123 retrace trade on EU at 1/3 my normal trade.
  • #129
  • May 26, 2011 12:39pm May 26, 2011 12:39pm
Not per exact rules but i have explained. Looking for 123 down now to bigger trend
Attached Image (click to enlarge)
Click to Enlarge Name: 5.26.11 123.JPG Size: 430 KB
  • #130
  • May 27, 2011 4:07am May 27, 2011 4:07am
I have been practicing this system a while now, and took my first live just now for nice 16pips, it has gone further but I closed on first sign of M1 trix turning green, TP always the difficulty in trading for me so far, but still +16 I'm happy
Attached Image (click to enlarge)
Click to Enlarge Name: thv m1 eu 27th.jpg Size: 143 KB
  • #131
  • May 27, 2011 7:15am May 27, 2011 7:15am
Quoting spacePip
I have been practicing this system a while now, and took my first live just now for nice 16pips, it has gone further but I closed on first sign of M1 trix turning green, TP always the difficulty in trading for me so far, but still +16 I'm happy
Spacepip

Good entry.

Remember is all this is a set of lagging indicators, price can always spike the opposite way whenever big money comes in.

Is all this is is a high percentage trade and we are grabbing a very small percentage of the move. Nothing more nothing less. Practice good money management and you should do well. Stay away from news 30 min prior 15 min after. Patience is the key. I know it will look like you miss some good moves but that's when you get the spikes against you also.

Happy Trading
JTee1
  • #132
  • May 29, 2011 2:43pm May 29, 2011 2:43pm
May I ask, what does 3 lights means?
  • #133
  • Jun 2, 2011 12:27pm Jun 2, 2011 12:27pm
Where would you set up your SL and why?


Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 2.6.2011 , 19_20_08.png Size: 30 KB
  • #134
  • Jun 2, 2011 12:35pm Jun 2, 2011 12:35pm
Your charts look like lovely Christmas trees, if you think that you can win using one minute charts and a 1x1 win loss ratio you are going to burn your ass not your fingers. Good luck, cause that is what you will need.
  • #135
  • Jun 2, 2011 12:57pm Jun 2, 2011 12:57pm
Quoting johnvr
Your charts look like lovely Christmas trees, if you think that you can win using one minute charts and a 1x1 win loss ratio you are going to burn your ass not your fingers. Good luck, cause that is what you will need.
It does not matter if you have 1x1 RATIO or 1X5 RATIO becouse if you have 1x1 probability of reaching TP is 50% but in 1x5 RATIO it is only 20%
  • #136
  • Jun 3, 2011 4:55pm Jun 3, 2011 4:55pm
Quoting doman
Where would you set up your SL and why?


Thank you
Doman

From what i see there wasn't a valid entry yet on the chart yet. We had all four tf in harmony but there was no break of the donchian channel. Give me a currency and GMT time and i will let you know were sl and tp was and loser or winner by rules. News is always a factor and i don't take trades with news releases coming out from 30 min prior to 15min after. The broker time on your screenshot can vary depending on location of broker, so i cant tell actual time of trade. If you also noticed the mtftrix will become innacurate after several days passing. Its best to track trades daily.

I believe rules are very clear for entry and exit on first post, but i am more then willing to help if you get me more info. SL is set at the previous high or low of flag before break of donchian channel with 5min Slow 15, 30, 60 min fast mtftrix all same color.
Happy Trading
JTee1
  • #137
  • Jun 3, 2011 5:15pm Jun 3, 2011 5:15pm
Quoting johnvr
Your charts look like lovely Christmas trees, if you think that you can win using one minute charts and a 1x1 win loss ratio you are going to burn your ass not your fingers. Good luck, cause that is what you will need.
Johnvr

I know i can win on 1 min chart. Last month my acct up 10%, trading this strategy. Money Management .8 to 1.5% SL. 13 wins 2 losses 1 BE. I don't trade daily, don,t trade news, don,t trade off times, and I'm patient, I don't trade to trade, I trade to make money. If i want thrills i go play Tennis.

I carrry an umbrella so you cant rain on my parade. I'm Content, I hope you will be also.

Good luck and Happy Trading
JTee1
  • #138
  • Jun 6, 2011 7:31pm Jun 6, 2011 7:31pm
Quoting JTee1
Johnvr

I know i can win on 1 min chart. Last month my acct up 10%, trading this strategy. Money Management .8 to 1.5% SL. 13 wins 2 losses 1 BE. I don't trade daily, don,t trade news, don,t trade off times, and I'm patient, I don't trade to trade, I trade to make money. If i want thrills i go play Tennis.

I carrry an umbrella so you cant rain on my parade. I'm Content, I hope you will be also.

Good luck and Happy Trading
JTee1
JTee1,
It looks like from this post that you made 16 trades all last month?
  • #139
  • Jun 10, 2011 4:07pm Jun 10, 2011 4:07pm
Quoting alllivemind
JTee1,
It looks like from this post that you made 16 trades all last month?
Traded only 12 days due to other commitments. Sorry for delay answering but again other commitments.

Happy trading
JTee1
  • #140
  • Jun 13, 2011 12:27pm Jun 13, 2011 12:27pm
Hi,

I now tried this indicator on 2 different brokers. IBFX and FXpro

Look at this it differs alot
Attached Image (click to enlarge)
Click to Enlarge Name: diff.png Size: 20 KB
0 traders viewing now