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1 Min THV Flag Trading

  • #201
  • Jun 28, 2011 8:48am Jun 28, 2011 8:48am
Quoting Konata
Another trade I attemped to take is this one right here.

I'm just curious if what i did is valid to the rules or have I misjudge somewhere?

Thanks ^_^

http://my.jetscreenshot.com/demo/201...y19c-111kb.jpg
Konata
What was your entry Time, TP and ,SL
What are the settings on donchian? Should be 20
Happy Trading
JTee1
  • #202
  • Jun 28, 2011 9:03am Jun 28, 2011 9:03am
Quoting JTee1
Konata
What was your entry Time, TP and ,SL
What are the settings on donchian? Should be 20
Happy Trading
JTee1
Yea, I just realized that the donchian was a little different.

I have two donchian.

One is called ay-donchian-channel and the other is called DonchianChannel-mql-fileM.

So, I was using the ay-donchian-channel and it TF had to:
per: 20
tf: 1m

Still yet to master this system. I'm at -20 pips atm, so I guess i still have to check why and fine tune it. :/
  • #203
  • Jun 28, 2011 9:04am Jun 28, 2011 9:04am
Quoting Konata
Also, would like to check, as it just recently happened.

Would you have entered this trade in this senario?

http://my.jetscreenshot.com/demo/20110627-yaks-228kb

(Sorry, not sure if it will post the screenshot.)
I wouldnt have taken that trade, due to not my trade times and rules for this thread.
Happy Trading
JTee1
  • #204
  • Jun 28, 2011 9:43am Jun 28, 2011 9:43am
http://savepic.ru/2703347m.jpg
American session today.

Happy Trading
  • #205
  • Jun 28, 2011 9:45am Jun 28, 2011 9:45am
Quoting Konata
Yea, I just realized that the donchian was a little different.

I have two donchian.

One is called ay-donchian-channel and the other is called DonchianChannel-mql-fileM.

So, I was using the ay-donchian-channel and it TF had to:
per: 20
tf: 1m

Still yet to master this system. I'm at -20 pips atm, so I guess i still have to check why and fine tune it. :/
Would still like to get your SL and TP of that trade, if it was 1 to 1 minus spread from high of retrace as SL it would have made it. But 5.4 pip SL and 3.4 pip TP. There also was an earlier entry with correct settings.
Happy Trading
JTee1
  • #206
  • Jun 28, 2011 10:21am Jun 28, 2011 10:21am
1 Trade after news 10:15 to 11:45

1% Day Better then your local Bank.
Attached Image (click to enlarge)
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  • #207
  • Jun 28, 2011 10:37am Jun 28, 2011 10:37am
Quoting JTee1
1 Trade after news 10:15 to 11:45

1% Day Better then your local Bank.
great job jtee....
i was looking one before at 4347,,,
getting acquainted with 1 m tf
thx for sharing
very nice
making money in JimB2468 trading room
  • #208
  • Jun 28, 2011 10:37am Jun 28, 2011 10:37am
Quoting JTee1
Would still like to get your SL and TP of that trade, if it was 1 to 1 minus spread from high of retrace as SL it would have made it. But 5.4 pip SL and 3.4 pip TP. There also was an earlier entry with correct settings.
Happy Trading
JTee1
Yes, it made it though.

My SL TP is set at 15:15 minus spread.

I was just wondering if what i did was right or wrong. :/
  • #209
  • Jun 28, 2011 11:26am Jun 28, 2011 11:26am
Quoting Konata
Yes, it made it though.

My SL TP is set at 15:15 minus spread.

I was just wondering if what i did was right or wrong. :/

Konata

Read first post of rules and look at chart posted as to where TP and SL determined.
I almost always trade sl is set by retrace low or high dpending on buy or sell, TP is subtract spread from SL and that is your target. This way whatever time you trade low volume or high volume times, the market movement determines your Target. I like high volume trading times. I will post chart of your trade time and proper settings and where entry sl and tp i would set.
Attached Image (click to enlarge)
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  • #210
  • Jun 28, 2011 11:55am Jun 28, 2011 11:55am
This would qualify for trade it was outside of 30 min prior to news release. I didnt take this one. It was 38 minutes before news release and I didn't start trading until 10:15 after all news releases. If in trade before news and have not hit target 30 min prior I will usually close out trade 10 min prior to release.

Biggest issue with 30 min prior to news is price will stall especially 10-15 minutes prior. Then Reuters releases news 2 min earlier then publicized time for its subscribers and this is usually when spikes occur. Spikes usually 5 min prior to 5 min after news. I like 15 min after to see if trend will be affected by news outcome and if it aligns with or against trend.

my 2 cents worth, some of you know it some don't.

Happy Trading
JTee1
Attached Image (click to enlarge)
Click to Enlarge Name: 6.28.11 825 EST.jpg Size: 142 KB
  • #211
  • Jun 28, 2011 12:07pm Jun 28, 2011 12:07pm
Quoting JTee1

Konata

Read first post of rules and look at chart posted as to where TP and SL determined.
I almost always trade sl is set by retrace low or high dpending on buy or sell, TP is subtract spread from SL and that is your target. This way whatever time you trade low volume or high volume times, the market movement determines your Target. I like high volume trading times. I will post chart of your trade time and proper settings and where entry sl and tp i would set.
Thank you so so much for the clarification.

I'll do with this setting and see what i come up with

Thanks a bunch again!
Happy Green Pips.
  • #212
  • Jun 28, 2011 12:28pm Jun 28, 2011 12:28pm
Jtee, just want to add my thanks for sharing. You are obviously a nice guy. And dont pay attention to Johnvr and his negative comments. Dont know why people bother trashing a system, must be an ego trip. Ron
  • #213
  • Edited 3:05pm Jun 28, 2011 1:15pm | Edited 3:05pm
I have the template with the MTF4 Trix loaded on two different platforms on one computer and all is fine. I attempted to put the template on another chart (different pc) and the MTF Trix shows all green going back to last week. I checked to make sure all inputs, colors, etc are the same and I still get "all green" for the different tfs. Anyone know what's wrong?
  • #214
  • Jun 28, 2011 3:00pm Jun 28, 2011 3:00pm
Quoting Konata
Thank you so so much for the clarification.

I'll do with this setting and see what i come up with

Thanks a bunch again!
Happy Green Pips.
Not sure of your location and time availability to trade, but I would try from 3 am EST to noon EST those 9 hours are when you get more movement. 700-1600 GMT

Your welcome
JTee1
  • #215
  • Jun 28, 2011 3:06pm Jun 28, 2011 3:06pm
Quoting ronemshoff
Jtee, just want to add my thanks for sharing. You are obviously a nice guy. And dont pay attention to Johnvr and his negative comments. Dont know why people bother trashing a system, must be an ego trip. Ron
Ron
Thanks for the kind words. My only regret is Johnvr is missing some good trades.

Happy Trading
JTee1
  • #216
  • Jun 28, 2011 3:14pm Jun 28, 2011 3:14pm
Quoting BJ1
I have the template with the MTF4 Trix loaded on two different platforms on one computer and all is fine. I attempted to put the template on another chart (different pc) and the MTF Trix shows all green going back to last week. I checked to make sure all inputs, colors, etc are the same and I still get "all green" for the different tfs. Anyone know what's wrong?
I know several people have had same issue.

Chances are you are missing a supporting indicator. Click on the experts tab in the terminal window. You will see if any errors are being generated. It should tell you which (if any) indicators you are missing.

There are several Trix indicators used in the THV systems,,,,lots of different flavors. You specifically need the THV4 Trix called.ex4 indicator. See attached. Once you add it, check the experts tabs to see if you are seeing any more error.

Are you using metatrader 4 or 5. metatrader 4 is what u need

Hope this helps
JTee1
Attached Image (click to enlarge)
Click to Enlarge Name: Experts tab.JPG Size: 136 KB
  • #217
  • Jun 28, 2011 3:25pm Jun 28, 2011 3:25pm
Quoting JTee1
Not sure of your location and time availability to trade, but I would try from 3 am EST to noon EST those 9 hours are when you get more movement. 700-1600 GMT

Your welcome
JTee1
I trade between 2pm - 4am my time, which is +800 GMT.

So yeah, its definitely in the range you specified.

Just wondering, i'm using a indicator called "Retracement Finder" to look for retracements. I notice you are using one called CCI? Would like to get a little more info and add that to my chart and see the difference between the two...

Thanks
  • #218
  • Jun 28, 2011 3:43pm Jun 28, 2011 3:43pm
Quoting Konata
I trade between 2pm - 4am my time, which is +800 GMT.

So yeah, its definitely in the range you specified.

Just wondering, i'm using a indicator called "Retracement Finder" to look for retracements. I notice you are using one called CCI? Would like to get a little more info and add that to my chart and see the difference between the two...

Thanks

Retracement finder is a cci just renamed. Take a look at Divergence Thread Flag Trading the Trend. It's normally at the bottom of my thread under similar threads. They have more info on it and several versions you can download there.
When trading i usually enter on break of donchian, but if there is a larger pullback I will at times take early entry on cross of 10 MA and CCI cross 0 line going back to trend. I have posted several trades with label of early entry.

Hope this helps
JTee1
  • #219
  • Jun 28, 2011 3:50pm Jun 28, 2011 3:50pm
Other Commitments Tomorrow.
If i could trade tomorrow 8-945 and 1045-12 EST would be my trading times due to news releases.

Happy Trading
JTee1
  • #220
  • Jun 28, 2011 5:52pm Jun 28, 2011 5:52pm
I deleted the trix indicator I had on there and replaced it with the THV4 Trix called.ex4. All works fine now. Thanks.

Quoting JTee1
I know several people have had same issue.

Chances are you are missing a supporting indicator. Click on the experts tab in the terminal window. You will see if any errors are being generated. It should tell you which (if any) indicators you are missing.

There are several Trix indicators used in the THV systems,,,,lots of different flavors. You specifically need the THV4 Trix called.ex4 indicator. See attached. Once you add it, check the experts tabs to see if you are seeing any more error.

Are you using metatrader 4 or 5....
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