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THV System Trades & Patterns Thread

  • #21
  • Jul 4, 2012 2:41pm Jul 4, 2012 2:41pm
And at least the H1 Chart.
The two orange lines still remain from M5

The right one was the orange circle in M5 day before.

Notice how the PA touches the Coral, Trix cross happens (ugly but there)
and then a 100 pip move follows.

Starting to like the Coral more than the Trix ?!?

Simply but powerful. Sometimes a use her as SL (+ - few pips) or like the last trade, for the final direction decision..

But, to mention that, i dont follow the Short below, Long across rule.
I miss too much trades this way..
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  • #22
  • Jul 4, 2012 2:48pm Jul 4, 2012 2:48pm
http://www.forexfactory.com/showthre...00#post5813800

great post..
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  • #23
  • Jul 4, 2012 3:12pm Jul 4, 2012 3:12pm
No one could run me off that easy. I was just on vacation for the previous week, and the Mrs didn't want me trading on vacation.

Here's my trade from last night.

My favorite setup right now is what I call a wide bar liquidity gap. If you look at my first chart, there was a very wide bar on 15 min chart, which leaves a risk gap for market makers. The blue rectangle demonstrates where price needs to return to minimize their risk.

Once it touches or gets with a couple of pips, I start looking for rainbow/8 light trades. The second chart show this nicely with harmony of 1/5/15 min trixes, and a recent break in support.

Now this trade was probably a little more risky as the EURUSD had already fallen a decent amount. However, since I didn't trade last week, I was itching for action, so I took it, and was fortunate enough to be successful.


Quoting MissPips
Nice to see you posting again. I was afraid all the posters of the 'your chart sucks' variety had managed to run you off for good. I'm sure you can feel free to post them over here. Not to sound too sexist but the other thread hasn't had anybody with a firm hand to keep things in order since Cobra left; however Torenaga sounds like he means business, so I don't think anybody will get out of line over here.
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  • #24
  • Jul 5, 2012 1:32am Jul 5, 2012 1:32am
Watching this, though with all the news it might be hard for me to get a trade in since my rules don't allow me to trade near news.

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  • #25
  • Jul 5, 2012 9:59am Jul 5, 2012 9:59am
Well, a break, retest and continuation of that flag worked out pretty well, and THV gave good entry signals. Unfortunately for me my rules don't let me trade so close to news so I stayed out. What do you all do? Do you trade when you
get a good signal close to news or sit it out?
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Quoting MissPips
Watching this, though with all the news it might be hard for me to get a trade in since my rules don't allow me to trade near news.

Attachment
  • #26
  • Jul 5, 2012 10:07am Jul 5, 2012 10:07am
offcourse i dont trade near the news...i learned a lession hardway blowing my first account mainly because of my urge to catch fast and more pips on news time.
now a days i dont really dare to go directly in storm...haha
  • #27
  • Jul 5, 2012 10:20am Jul 5, 2012 10:20am
Quoting MissPips
Well, game on.

Considerations:
1) Lower trendline of triangle has been retested and held, then retested and had a fake break, now retested, broken, retested from the opposite side and price is continuing in the direction of the break. (This is a common pattern.

2) R above has held and it is within my 15 pip stop where I want to enter

3) 10 pips room to nearest S.

4) I'm looking for a THV signal and I dont get my favorite (1 m retrace inside both 5 and 15 trix cross) so I go with a 6 point trade (1, 5, 15 all red and below 5m cloud),...

Hi, would you be so kind to sahre the Trix MTF you have at the bottom of your charts, I have not been able to find them elsewhere.

Regards
Indicators always obey Price, not the other way.
  • #28
  • Jul 5, 2012 10:52am Jul 5, 2012 10:52am


Quoting maxtrader
Hi, would you be so kind to sahre the Trix MTF you have at the bottom of your charts, I have not been able to find them elsewhere.

Regards

Did you read the first post ? No ? Why not ?

NO REQUESTS or coulda woulda shoulda here !!!

Next will be banned.

Post your other questions in the THV - System thread ! Period!



And dont answer me. I dont want to know it.
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  • #29
  • Jul 5, 2012 11:22am Jul 5, 2012 11:22am
Quoting MissPips
Well, a break, retest and continuation of that flag worked out pretty well, and THV gave good entry signals. Unfortunately for me my rules don't let me trade so close to news so I stayed out. What do you all do? Do you trade when you get a good signal close to news or sit it out?
To be honest i dont care about News.
Sometimes really rare, i sit on my hands during Red News,
but usually i notice them and that was it. There is a 50:50 Chance
that the News trade will go in my direction, so why to miss the Signal.

Maybe not the best strategy but works till now for me.

Have to mention it,
i also have a separate Dukascopy account with few 100 € there
only for News trading.
I use it few times per month only for big red news trading.
Then sitting there and waiting for the start, like in the IPO trading days, decade ago.. And your heart is at 200 bpm..
Till now the account is still alive.. Its fun..
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  • #30
  • Edited 11:40am Jul 5, 2012 11:25am | Edited 11:40am
Yeah, but there's a difference between just jumping in to chase pips and taking a proper signal, even if it's near news.

The reason I don't do it is because that's a rule I carried over from the system taught at the Babypips site (which wasn't very good to begin with). I have noticed (even though I sit them out) that usually the entry points given by a proper signal are usually good even if they are near news.

I've also been doing manual backtesting a variation of the 6 lights method for the 5 m chart (I only count points from closed bars to prevent the 'repaint issue') and I also demo trade to conduct forward testing. The win percentage is pretty good even though in the case of the backtesting I have no idea when the news was, and in the case of the demo forward testing I just ignore it.

So I was wondering what other people do about trading (only proper THV signals of course) near the news.


Quoting ronaleo10
offcourse i dont trade near the news...i learned a lession hardway blowing my first account mainly because of my urge to catch fast and more pips on news time.
now a days i dont really dare to go directly in storm...haha
  • #31
  • Jul 5, 2012 11:30am Jul 5, 2012 11:30am
Quote
I have noticed (even though I sit them out) that usually the entry points given by a proper signal are usually good even if they are near news.

Thanks, forgot to say that. Thats true. Thats the reason why i ignore news
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  • #32
  • Jul 5, 2012 11:32am Jul 5, 2012 11:32am
Thanks. I've really been tempted lately to get rid of that rule, because I'm beginning to suspect that the money you miss out of by not taking those trades more than covers the occasional time when the news goes against you. I didn't get any trades at all today because all the setups happened at times my rules didn't allow and they were all good.

It does seem to me just from what I've observed that more often than not the market has anticipated the news, so that when you see a classic trigger during news (like the triangle BRC today) it works most times because that's what the market was setting itself up to do anyway.


Quoting Toranaga
To be honest i dont care about News.
Sometimes really rare, i sit on my hands during Red News,
but usually i notice them and that was it. There is a 50:50 Chance
that the News trade will go in my direction, so why to miss the Signal.

Maybe not the best strategy but works till now for me.

Have to mention it,
i also have a separate Dukascopy account with few 100 € there
only for News trading.
I use it few times per month only for big red news trading.
Then sitting there and waiting for the start, like in the IPO trading days, decade ago.....
  • #33
  • Jul 5, 2012 12:48pm Jul 5, 2012 12:48pm
I think it really depends on the news that is coming out. With all the crap going on in Europe, CPI or other similar items hardly seems relevant right now. Now CPI, retail sales, ISM, etc may be relevant for Aussie or Kiwi, but it seems like most news is irrelevant right now with the Euro.

The ones I stay away from are rate decisions, employment numbers, and any time Bernanke is scheduled to speak. The other news is on my radar, but it seems like the smart money anticipates what the news is going to be before it's released. I think this is why so many of the THV trades are successful just before news events.
  • #34
  • Jul 5, 2012 12:53pm Jul 5, 2012 12:53pm
I've already posted my template several times in the THV thread. Miss Pips has posted hers numerous times as well. My template just has a few modifications that suit me a little better.

Please do some research and reading before asking those types of questions here.

Quoting maxtrader
Hi, would you be so kind to sahre the Trix MTF you have at the bottom of your charts, I have not been able to find them elsewhere.

Regards
  • #35
  • Jul 5, 2012 12:59pm Jul 5, 2012 12:59pm
Quoting MissPips
Yeah, but there's a difference between just jumping in to chase pips and taking a proper signal, even if it's near news.

The reason I don't do it is because that's a rule I carried over from the system taught at the Babypips site (which wasn't very good to begin with). I have noticed (even though I sit them out) that usually the entry points given by a proper signal are usually good even if they are near news.

I've also been doing manual backtesting a variation of the 6 lights method for the 5 m chart (I only count points from closed bars...
misspips i have been using 5 min chart ..6 light method ....15 f , 15 s, 30 f and 60 f. And cloud 15 and 30.
and on demo i am also taking trades during news time with good result.
only problem i am having right now is with coral....usually if i am confident about my price action analysis than i will ignore coral and will place my trade.
because sometimes it gets too late if i wait for price to cross coral.
  • #36
  • Jul 5, 2012 2:36pm Jul 5, 2012 2:36pm
Nothing special, only clicking the Chart from M1 to D1 with Pivots and Trix.
To become a impression.. Usually i do it slower. And longer
Sadly they are too dark (on my screen as a screen cap, at you ?)

But thats the way i start trading usually.

Nice day today. That i missed because i was working ?!?
Really, authentically, hard work. Nice to know its over in few weeks

After the big drop,
M5 and M15 looking at most promising imo.
Still sideways and waiting, bias short..


Previously i laugh when i read that scalper have a look at D1 for M1 scalping,
but now i know better. First thing i do when mt4 starts..




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  • #37
  • Jul 5, 2012 2:37pm Jul 5, 2012 2:37pm
http://www.forexfactory.com/showthre...61#post5814861
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  • #38
  • Jul 5, 2012 3:55pm Jul 5, 2012 3:55pm
I don't get sound on that video - don't know if it's just me.
  • #39
  • Jul 5, 2012 4:23pm Jul 5, 2012 4:23pm
No Sound there..

Its only to get a impression,
not being disturbed by sound or news or predictions like on the €/$ Thread..
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  • #40
  • Jul 5, 2012 4:27pm Jul 5, 2012 4:27pm
I really really love this M5 pattern after a big drop..
The KEy is patience, but im also The Master of not patience.
But im learning..
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