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1 Min THV Flag Trading

  • #221
  • Jun 28, 2011 6:14pm Jun 28, 2011 6:14pm
Jtee, I notice you have "20" for the Donchian period. The Donchian Channel indy I'm using has five fields.

ChannelPeriod: 20
EMAPeriod: 120
StartEMAShift: 6
ENDEMAShift: 0
AngleTreshold: .32

Are these the right settings?
  • #222
  • Jun 29, 2011 11:42am Jun 29, 2011 11:42am
Quoting BJ1
Jtee, I notice you have "20" for the Donchian period. The Donchian Channel indy I'm using has five fields.

ChannelPeriod: 20
EMAPeriod: 120
StartEMAShift: 6
ENDEMAShift: 0
AngleTreshold: .32

Are these the right settings?
BJ1

These are correct if you notice the real small arrows on your chart at the outer bands of the donchian channel. These show up when the Angle Threshold is exceeded.

Happy Trading
  • #223
  • Jun 30, 2011 5:43am Jun 30, 2011 5:43am
hi jtee

was looking at this one and would like to ask u about yr opinion....
would u take this one?
what i was concerned about was 100 pip drop in 1 h and the green was 5M row...
//sometimes i think i look at too many things//
prons and cons of this trade would b appreciated
//blue dotted horizontals are 50's//

thx
Attached Image (click to enlarge)
Click to Enlarge Name: gu for jtee.jpg Size: 83 KB
making money in JimB2468 trading room
  • #224
  • Jun 30, 2011 4:52pm Jun 30, 2011 4:52pm
Quoting patient pip
hi jtee

was looking at this one and would like to ask u about yr opinion....
would u take this one?
what i was concerned about was 100 pip drop in 1 h and the green was 5M row...
//sometimes i think i look at too many things//
prons and cons of this trade would b appreciated
//blue dotted horizontals are 50's//

thx
What was exact time of trade, just helps me find things quicker and my mtf
is showing a slight difference if i'm looking around the right time

Thanks JTee1
  • #225
  • Jun 30, 2011 6:22pm Jun 30, 2011 6:22pm
Quoting patient pip
hi jtee

was looking at this one and would like to ask u about yr opinion....
would u take this one?
what i was concerned about was 100 pip drop in 1 h and the green was 5M row...
//sometimes i think i look at too many things//
prons and cons of this trade would b appreciated
//blue dotted horizontals are 50's//

thx
Patient Pip
Retracement Was about 25% of initial move. I would have trade it for sure but I would also managed it closely once i was in. I'll post my strategy for 4mtf with 5 min against me. I will post chart.
By the way i was looking at wrong Currency when i posted there was a difference in the MTF Trix.
JTee1
Attached Image (click to enlarge)
Click to Enlarge Name: Patient Pip 6.30.11.JPG Size: 410 KB
  • #226
  • Jul 1, 2011 2:48am Jul 1, 2011 2:48am
Quoting JTee1
Patient Pip
Retracement Was about 25% of initial move. I would have trade it for sure but I would also managed it closely once i was in. I'll post my strategy for 4mtf with 5 min against me. I will post chart.
By the way i was looking at wrong Currency when i posted there was a difference in the MTF Trix.
JTee1
excellent,
thx a lot
making money in JimB2468 trading room
  • #227
  • Jul 4, 2011 3:02pm Jul 4, 2011 3:02pm
JTee1
May be lack of sleep but I am terribly confused why my chart doesn't match yours. I downloaded all indicators (and with the zip files there are boucoup of them!) and the templet on page 1 you say is the current one.

Yet when I download it (see attachment) my chart doesn't have the indicators you are using and some other things are missing too. It would help so much (me at least) if you could post the templet you are presently using so I can follow your charts and instructions.

I'm a scalper from way back and I'm itching to get my teeth around your system as I know from experience it can be very profitable. I just want my charts w/indicators to match yours. Any clarity will be greatly appreciated!
Attached Image (click to enlarge)
Click to Enlarge Name: jtee1's templete from page 1.gif Size: 32 KB
  • #228
  • Jul 4, 2011 6:16pm Jul 4, 2011 6:16pm
Hello JTee i think you have replace the RSI indi, can you tell me wich is the name of the new indi ? thanks to you Sir
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 1m.gif Size: 27 KB
Respect and Honor !
  • #229
  • Jul 6, 2011 6:11pm Jul 6, 2011 6:11pm
Quoting Flamenco143
JTee1
May be lack of sleep but I am terribly confused why my chart doesn't match yours. I downloaded all indicators (and with the zip files there are boucoup of them!) and the templet on page 1 you say is the current one.

Yet when I download it (see attachment) my chart doesn't have the indicators you are using and some other things are missing too. It would help so much (me at least) if you could post the templet you are presently using so I can follow your charts and instructions.

I'm a scalper from way back and I'm itching to get my teeth...
flamenco
Sorry been away on vacation.
Looks as if your missing the Heiken ashi Candles. Here is screen shot of indicators. Try re installing THV v.3
Happy Trading JTee1
Attached Image (click to enlarge)
Click to Enlarge Name: Indicators.JPG Size: 48 KB
  • #230
  • Jul 6, 2011 6:17pm Jul 6, 2011 6:17pm
Quoting Klaxon
Hello JTee i think you have replace the RSI indi, can you tell me wich is the name of the new indi ? thanks to you Sir
Klaxon
Here it is. Sorry for delay was on a little ski vacation.

Happy Trading
JTee1
Attached File(s)
File Type: mq4 !Ret Setup.mq4   4 KB | 447 downloads
  • #231
  • Jul 6, 2011 6:33pm Jul 6, 2011 6:33pm
Pls, can anyone tell me the average pips eur/usd drop in a day either up or down?
  • #232
  • Jul 6, 2011 6:39pm Jul 6, 2011 6:39pm
Added V3 and reinstalled! Thanx for the help!
  • #233
  • Jul 7, 2011 1:06pm Jul 7, 2011 1:06pm
Sorry been away not trading due to other commitments. I was just salivating over today's opportunities. I hope someone took advantage of it.
This is London open to close and overlap with US am session

Happy Trading
JTee1
Attached Image (click to enlarge)
Click to Enlarge Name: EU 7.7.11.JPG Size: 325 KB
  • #234
  • Jul 7, 2011 1:16pm Jul 7, 2011 1:16pm
Patience = prime opportunities
Attached Image (click to enlarge)
Click to Enlarge Name: 7.6.11 EU.JPG Size: 233 KB
  • #235
  • Jul 7, 2011 1:24pm Jul 7, 2011 1:24pm
58 pip range day
2 trades
Attached Image (click to enlarge)
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  • #236
  • Jul 7, 2011 1:52pm Jul 7, 2011 1:52pm
Quoting Ble
Pls, can anyone tell me the average pips eur/usd drop in a day either up or down?
Put up a daily chart and then add the Average True Range indicator and set it to what ever period you want for your average - 14 is the default #, but many use 5 days or 10 days.
Trading Levels with WRBs
  • #237
  • Jul 7, 2011 2:24pm Jul 7, 2011 2:24pm
Here is the settings
Attached Image (click to enlarge)
Click to Enlarge Name: Alert v.17.jpg Size: 42 KB
  • #238
  • Jul 8, 2011 12:22pm Jul 8, 2011 12:22pm
Quoting JTee1
Here is the settings
Dear Sir,

Today I had such a situation.
MTF area between two vertical green lines was red. I
made SELL (shown in the figure).
Put the Stop Loss. But then the price turned around and I took a Stop Loss.
After that, I changed timeframe on the M5, then back to the M1 and MTF
changed color (as it looks in the picture now), three green
bands and the lower band is red.
Questions:
Did you have a situation where the MTF changed color?
Do I put the Stop Loss?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 39 KB

Thank you.
  • #239
  • Edited 1:29pm Jul 8, 2011 1:14pm | Edited 1:29pm
Quoting muhe
Dear Sir,

Today I had such a situation.
MTF area between two vertical green lines was red. I
made SELL (shown in the figure).
Put the Stop Loss. But then the price turned around and I took a Stop Loss.
After that, I changed timeframe on the M5, then back to the M1 and MTF
changed color (as it looks in the picture now), three green
bands and the lower band is red.
Questions:
Did you have a situation where the MTF changed color?
Do I put the Stop Loss?
Thank you.
Hi! First, you went to the fifth wave in my opinion and the price was 130 pips down, why jump into the passing train
Second, do not forget that in one hour 12 candles for 5 minutes, and 60 candles in one minute. Because of this, changing the color of the indicator (I can not answer because I do not understand the meaning of phrases. Russian )) )
Third, see this post http://www.forexfactory.com/showthre...28#post4723828 this indicator to check the MTF.

Happy Trading
  • #240
  • Jul 8, 2011 3:06pm Jul 8, 2011 3:06pm
Quoting muhe
Dear Sir,

Today I had such a situation.
MTF area between two vertical green lines was red. I
made SELL (shown in the figure).
Put the Stop Loss. But then the price turned around and I took a Stop Loss.
After that, I changed timeframe on the M5, then back to the M1 and MTF
changed color (as it looks in the picture now), three green
bands and the lower band is red.
Questions:
Did you have a situation where the MTF changed color?
Do I put the Stop Loss?
Attachment
Thank you.
Muhe

As far as MTF repainting it will on the last couple of candles but not much more than that. Also history will repaint after a day or so but can recreated by actually having a chart open of the 4 tf used and double checked with the actual THV trix in each time frame for past performance.

SL is described in detail in the original post, I personally use the previous high or low of retracement and 1 to 1 ratio minus spread for Profit target.

On your trade It didn't meet criteria for trade. Also at 11:30 EST or 15:30 GMT US session slows down for lunch and end of london session. I am very leary of taking trade at this time. I believe in previous post i have traded at this time but took 1/3 my normal position.
Daytrader UA also had some sound advice 130 pips and trends do end and combination of time 11:30 lunch, whatever system you are trading.

Swing traders and Longer term traders may ride out a low volume trading time and hold a position. I'm in and out and looking for 1% a day.

Hind sight can be 20/20
Happy Trading
JTee1
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