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1 Min THV Flag Trading

  • #401
  • Oct 6, 2011 5:37am Oct 6, 2011 5:37am
What time of day was this trade, EST or GMT?

JTee1

Quoting marian
It seems to me that trades with a SL less than 12 pips mostly end up as losses, so maybe it's better to avoid such trades generally and pick out those with larger SL?
  • #402
  • Oct 6, 2011 9:48am Oct 6, 2011 9:48am
Quoting JTee1
What time of day was this trade, EST or GMT?

JTee1
Hi JTee, it was EST. I've been using your system for about four weeks now with success (mainly normal entries), but in my humble perception trades with a stoploss less than 10-12 pips often end up as losses
  • #403
  • Edited 6:41pm Oct 6, 2011 5:00pm | Edited 6:41pm
Quoting marian
Hi JTee, it was EST. I've been using your system for about four weeks now with success (mainly normal entries), but in my humble perception trades with a stoploss less than 10-12 pips often end up as losses
What was exact est time my chart looks a little different then yours on the MTF trix just wanted to make sure we were on same page? Not sure off the time offset with your broker. It does repaint some and this may be the difference.

A trader Must be confident in whatever system you trade and there will always be losers in any system.
JTee1
  • #404
  • Oct 6, 2011 9:38pm Oct 6, 2011 9:38pm
What do you feel is the best time frame suited for your style of trading? do you think the 1 minute is better or gives more accurate signals? I have limited time in the morning, usually 8am EST to 12pm EST..to trade with. It seems I would be fine just going for 10 pips a time or should I let the Cavemanager EA with the ATR targets work for me? Hey thanks..getting some good results
  • #405
  • Oct 7, 2011 2:36am Oct 7, 2011 2:36am
Quoting JTee1
What was exact est time my chart looks a little different then yours on the MTF trix just wanted to make sure we were on same page? Not sure off the time offset with your broker. It does repaint some and this may be the difference.

A trader Must be confident in whatever system you trade and there will always be losers in any system.
JTee1
No system can be bulletproof, we all know that but your THV/Flagging compilation gives me proftable trades in the majority of cases

The exact est time was "2011.10.04 | 04:02". This was the live screenshot and this is how it looks today on my chart:
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  • #406
  • Oct 7, 2011 2:41am Oct 7, 2011 2:41am
Now after refreshing my chart I see this (no MTF harmony), but while live trading there was MTF harmony.
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  • #407
  • Oct 7, 2011 4:32pm Oct 7, 2011 4:32pm
Marian

Yes trade was by exact rules and a loser. MTF Trix only goes back so many bars in history. But this was the trade i thought you were talking about.

My next question is did you get in on earlier retrace and break of donchian with 4 tf harmony at red line? I marked your entry in white. I have a 5 min mtf trix up on my chart i posted.
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  • #408
  • Oct 7, 2011 6:03pm Oct 7, 2011 6:03pm
I used the 1 min TF today with my trading. Now, do you trade news at all? No NFP?,,I think I saw you stay out for 30 minutes before and 15 after? Guess I didn't follow that, but the system worked magic today. I walked away with over 113 pips following this! How did you come up with this template? Thanks again, I will post some of my trades in the future, maybe it can help others!
  • #409
  • Oct 8, 2011 3:23am Oct 8, 2011 3:23am
Quoting JTee1
My next question is did you get in on earlier retrace and break of donchian with 4 tf harmony at red line? I marked your entry in white. I have a 5 min mtf trix up on my chart i posted.
No, I didn't get in on earlier retrace, because at that time I had no MTF harmony on my chart, H1 fast was still green.
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  • #410
  • Oct 8, 2011 6:43am Oct 8, 2011 6:43am
News time has been when I've had my losers due to spikes. Price usually corrected and went my way but has hit my sl first.
Again many thanks to THV Cobra TEAM the MTF Trix is the heart of system, Donchian just sets entry price at low or high before retrace and price must continue in direction of trend. Thanks to PROACT traders and James Harris for mentoring. As far as 1 min TF gives earliest entry and exit signal.

Yes please post winners and losers, will help all. As you can see I post very few losers and that is due to being very selective and I have missed some good trades due to news. Congrats to your success.

Happy Trading
JTee1


Quoting goldenboy
I used the 1 min TF today with my trading. Now, do you trade news at all? No NFP?,,I think I saw you stay out for 30 minutes before and 15 after? Guess I didn't follow that, but the system worked magic today. I walked away with over 113 pips following this! How did you come up with this template? Thanks again, I will post some of my trades in the future, maybe it can help others!
  • #411
  • Oct 11, 2011 2:49am Oct 11, 2011 2:49am
break even
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  • #412
  • Oct 11, 2011 10:30am Oct 11, 2011 10:30am
1 win, 1 loss in us session, maybe MR1 was a problem (or upcoming vote of Slovak parliament on ESFS?)
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  • #413
  • Oct 11, 2011 4:39pm Oct 11, 2011 4:39pm
This is my chart from this morning. Could you show me what trades you would have taken and where to get out? It was very slow this morning and full of chop on the 5 minute. I would like to get this stellar method down! The question mark is where I would have entered. Or should I have waited till the second one? Thanks!
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  • #414
  • Oct 11, 2011 4:43pm Oct 11, 2011 4:43pm
here u go..
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  • #415
  • Oct 11, 2011 6:11pm Oct 11, 2011 6:11pm
Goldenboy

4 TF Harmony then retrace, Then i set my stop order. Then manage trade after break of Donchian. The MTF trix lags as most indicators, price is the real indicator. Higher Highs and lows = more buyers. There was an 86 minute struggle to get to 4 TF Harmony. And yes the the first 60 minutes was a dojo candle on the 1 hour chart classic buyer seller struggle. 15 min chart was up and breaking out of struggle.

Hope this Helps, but i only watch one minute chart. It paints a nice portrait of the market for me.

Happy Trading
JTee1
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  • #416
  • Oct 11, 2011 6:16pm Oct 11, 2011 6:16pm
I appreciate your reply and the time you take to help me/us.
  • #417
  • Oct 11, 2011 7:20pm Oct 11, 2011 7:20pm
Quoting goldenboy
I appreciate your reply and the time you take to help me/us.
Your welcome
  • #418
  • Oct 11, 2011 8:09pm Oct 11, 2011 8:09pm
Marian

I try not to trade right into resistance or support. Again trade was by rules, but i would have been counting waves also, by my count you bought in wave 5 at Resistence. I let price break through resistance and wait to see if it will turn into support then a break of donchian. News and S&R have been my losers. I typically take 1 trade a day and go for 1 percent gain and then I'm done. As they say i wait for all the stars to align, I need a good setup no s&r level and if its 7 or 8 pips away that is my target. Then no trades 30 min prior or 10 to 15 minutes after. I miss many a good trade but I have very few losers. My goal is 1% a day.

Fear and Greed are our two worst enemies. I don't want bragging rights for 300 pips a day. Just 1% a day and that beats any investment strategy I know of. If i can do that in 10 minutes time that's even better. I know 24 hrs ahead of time the time of day I will be trading and if pc calls me during news time i don't even look at it.
10/12/11 8:40 est to 11:30 full trade then 2:40 pm est the first trade available and only the first at 1/2 my normal trade.

Happy Trading
JTee1


Quoting marian
1 win, 1 loss in us session, maybe MR1 was a problem (or upcoming vote of Slovak parliament on ESFS?)
  • #419
  • Edited 8:30pm Oct 11, 2011 8:19pm | Edited 8:30pm
Patience + good setup. I want the Highest percentage trade or no trade. I miss many a good trades when one rule is not in place. 10 hr session on 1 min tf and only 2 to 4 possible trades on average you will need patience. But again I narrow my times the day before and let my pc call me with 4 tf Harmony as my only alert to possible trade.
  • #420
  • Oct 12, 2011 6:43pm Oct 12, 2011 6:43pm
Here is the trade time i spoke of yesterday. As Charlie Sheen says WINNING. I just had to say it.

Happy Trading
JTee1
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