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1 Min THV Flag Trading

  • #141
  • Jun 14, 2011 6:48pm Jun 14, 2011 6:48pm
Quoting doman
Hi,

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

Look at this it differs alot
I trade FXDD and I trust your metatraders are showing a difference. I have had same template on several metatraders and there would be a slight difference, but nothing to that extreme. Leads me to believe there may be some incorrect data some where on one of the metatraders you have.

Happy Trading
JTee1
  • #142
  • Jun 14, 2011 6:57pm Jun 14, 2011 6:57pm
Quoting doman
Where would you set up your SL and why?


Thank you
Doman
Got your private message on trade times on your post. Here's answer I wouldn't have taken trade due to no break of previous high on downtrend then retrace and break of donchian. There was a break of previous high but other conditions were not right. I'll post chart and when i would've took trade by rules. There was no clear trend but I would have been looking for a good 123 entry. Hope this helps.
Happy Trading JTee1
Attached Image (click to enlarge)
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  • #143
  • Jun 14, 2011 8:22pm Jun 14, 2011 8:22pm
7 pip Trade 12.3 SL 10.5 TP Bailed at 7 pips but would've made 10.5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 6.14.11 EU Trade.JPG Size: 322 KB
  • #144
  • Jun 15, 2011 10:10am Jun 15, 2011 10:10am
Thank you for new charts. Each you chart is very informative for me.
  • #145
  • Jun 15, 2011 11:16am Jun 15, 2011 11:16am
interesting, i took a trade on this earlier, 24 pips was sl i i set 24 pips as tp.
But i moved the sl up everytime the donchian channel made a new vertical line, i came out in the end hitting my sl at only -2pips. BUT it did run to the full +24 in the end but of course i was no longer in the trade, so i might not move the sl on the next one and see how it does.
  • #146
  • Jun 15, 2011 12:03pm Jun 15, 2011 12:03pm
Quoting doman
Thank you for new charts. Each you chart is very informative for me.
Doman
Look at post #4 its very similar to trade we just discussed we had harmony with 4 time frames but we were in a wedge consolidation. We needed a break of previous low and some price movement. Then we got a retrace and break of donchian channel.
Price movement is the best indicator we can use. The Donchian Channel is just a visual of where price stopped and retraced away from. Break of channel is just a continuation of trend. Our Sl gets us out when price is making a new high or low going against our trend. The 4 TF harmony is a time when Percentage of wins are higher. All together its just a set of rules to trade by and win loss ratio is on my side. Look at 1 hr chart and break of donchian with trend. Add up the win loss ratio there.

patience is a virtue.

Happy Trading
JTee1
  • #147
  • Jun 15, 2011 12:08pm Jun 15, 2011 12:08pm
Quoting deankenny21
interesting, i took a trade on this earlier, 24 pips was sl i i set 24 pips as tp.
But i moved the sl up everytime the donchian channel made a new vertical line, i came out in the end hitting my sl at only -2pips. BUT it did run to the full +24 in the end but of course i was no longer in the trade, so i might not move the sl on the next one and see how it does.
Would be very interested to see your trade entry time and what you set sl and tp from. My SL and TP are usually in the teens.

Happy Trading
JTee1
  • #148
  • Jun 15, 2011 12:19pm Jun 15, 2011 12:19pm
Quoting JTee1
Would be very interested to see your trade entry time and what you set sl and tp from. My SL and TP are usually in the teens.

Happy Trading
JTee1
i entered eur usd buy at around 14:22pm UK TIME

entered at 1.42898
  • #149
  • Jun 15, 2011 12:53pm Jun 15, 2011 12:53pm
23 pip trade. Larger then normal trade but I didn't see anything telling me to bail early.

Happy Trading
JTee1
Attached Image (click to enlarge)
Click to Enlarge Name: 6.15.11 EU.JPG Size: 314 KB
  • #150
  • Edited 1:54pm Jun 15, 2011 1:50pm | Edited 1:54pm
Quoting deankenny21
i entered eur usd buy at around 14:22pm UK TIME

entered at 1.42898
Dean Kenny

I marked you entry in yellow and entry by rules in orange. I wait for a retrace and set buy or sell script and wait for price to continue through Donchian.
Either way the trade didn't make a 1 to 1 ratio minus spread. They both were good trades and in profit. But with that said you were in profit 15.7 pips and 8 pips from target. Mine was in profit 10.7 pips profit and less then 1 pip away from target. I dont trade during news time and miss some good trades but I also miss the spikes which can kill you on 1 minute TF. I posted a trade that was after news. It had a clear move down, 4tf harmony, then retrace, then break of donchian, then profit. It is in post #149



Happy Trading
JTee1
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  • #151
  • Jun 15, 2011 5:26pm Jun 15, 2011 5:26pm
Nice charts..Having success with them. Do you have an EA that sets TP or do you just go for one to one ratio? Wondered if you were setting TP based on ATR? Thanks!! Keep it up
  • #152
  • Jun 16, 2011 11:18am Jun 16, 2011 11:18am
Quoting goldenboy
Nice charts..Having success with them. Do you have an EA that sets TP or do you just go for one to one ratio? Wondered if you were setting TP based on ATR? Thanks!! Keep it up
Goldenboy

I posted a script i use once i get 4 tf harmony and a retrace I set a buy or sell script. SL determines target. I set sl at high of retrace and tp at 1 to 1 ratio minus spread.

Once you drag script onto chart at entry price you can drag tp (green line) and sl (red line) where they need to be then hit ok. I have a preset file of .3 lots and 12.5 sl and tp gets me close then drag sl and tp to exact price.

Most trades are in the teens 10 to 15 pips.
Happy Trading
JTee1
  • #153
  • Jun 16, 2011 11:21am Jun 16, 2011 11:21am
Played Tennis today due to news filled morning but here is only trade i seen in US session in between news.

Happy Trading
JTee1
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  • #154
  • Jun 17, 2011 11:01am Jun 17, 2011 11:01am
I appreciate that! I was wondering, did you see any trades today? I started at 8am est and didn't get any signals with all time frames lining up..did you? Thanks,,just trying to see if I'm identifying things correctly.
  • #155
  • Jun 19, 2011 2:45am Jun 19, 2011 2:45am
Hello JTee1 !
You did a truly titanic work, bringing together several trading setup. A low bow to you.
I trade using CCI indicator at 1 hour time frame, and for the last six months watching THV at 5 minute and 1 minute chart. At CCI, I swing, but sometimes scalping EUR 5 minute Thrix THV. I read your thread on the forum, I liked your set-up for trading and realized what I needed for a stable intra-day scalping because the results of a 5 minute I was so-so, step forward and two steps back. You have a good setup.
I do not understand why Fisher Ravi, and just do not understand how to use RSI, for this has removed these indicators, and added his favorite CCI with the parameters 30, which corresponds to the half-hour intervals.
There you are
http://savepic.net/1499054m.jpg

I beg pardon for bad english, translator Google
  • #156
  • Jun 20, 2011 8:05am Jun 20, 2011 8:05am
tried to set 2 to 1 loss ratio but was a little off. Happy Trading JTee1
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  • #157
  • Jun 20, 2011 12:33pm Jun 20, 2011 12:33pm
Quoting Daytrader_UA
Hello JTee1 !
You did a truly titanic work, bringing together several trading setup. A low bow to you.
I trade using CCI indicator at 1 hour time frame, and for the last six months watching THV at 5 minute and 1 minute chart. At CCI, I swing, but sometimes scalping EUR 5 minute Thrix THV. I read your thread on the forum, I liked your set-up for trading and realized what I needed for a stable intra-day scalping because the results of a 5 minute I was so-so, step forward and two steps back. You have a good setup.
I do not understand why Fisher...
Gr8 Trade and English was fine. Can u post your CCI. Happy Trading JTee1
  • #158
  • Edited 2:29pm Jun 20, 2011 1:34pm | Edited 2:29pm
Quoting JTee1
Can u post your CCI.
I'm in Russian, this I can not understand the exact meaning of the phrase. Did you mean the indicator CCI ?

http://savepic.net/1465908m.jpg

What you say about this deal (№ 1), in terms of your trade. I got it on parity. Transaction number 2 did not take the trade.
Attached File(s)
File Type: zip Wodie CCI panel.zip   428 KB | 476 downloads
  • #159
  • Jun 22, 2011 1:41pm Jun 22, 2011 1:41pm
Quoting Daytrader_UA
I'm in Russian, this I can not understand the exact meaning of the phrase. Did you mean the indicator CCI ?

http://savepic.net/1465908m.jpg

What you say about this deal (№ 1), in terms of your trade. I got it on parity. Transaction number 2 did not take the trade.

Daytrader

Prior move of 45 pips in 5 minutes would have scared me. I would have been looking for a good retrace which u had on trade #1 But more important i would be looking for a market correction of the news spike before continued move in direction. I probably would have been a break even for me after 9 pips on trade #1. I dont like to trade when market moves that much in 5 minutes.

Happy Trading JTee1
  • #160
  • Jun 22, 2011 4:18pm Jun 22, 2011 4:18pm
Quoting JTee1
I dont like to trade when market moves that much in 5 minutes.

JTee1
Thank you JTee1 !
http://savepic.net/1531065m.jpg Today trade, two pips did not reach the stop orders

Happy trading!
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