THV System Trades & Patterns Thread

Enough for me for today. Hope you like it..

2/2

Last post. For today..

Thursday.

Started as M1 scalp, then M5 view, now im at M15.

Learning by doing..

As you can see, also testing a new Baby. Simple Ex. Moving Average with 5 2.

Some kind of pre Coral, plus approves or not the Trix cross.
And trying to find other advantages of it.

M15

In the same time i made a H1 long term trade..

good job..........toranaga

And chickened out to to early..

At the moment. Finally broke 1.2400

Trix Cross exact on Zero with break of Coral in the same time. Atr now 10 !!

What a pattern.

So cool. Still at the moment.. First HA with small body + Trix.
Also Pivots. Also big run that is loosing steam..
What will happen now, hmm

Expected a bigger drop. Trix went to fast with too less pips down. Out.
Dont want to wait 5-15 min till i can close the trade again.

Reminder for me.
Yes Trix went fast down but still had room to Trix Oversold (?!? meh)

For the people with patience..
Nice M5 pattern in the developing..

Of course afterwards, i should be more patient.
there is oversold and there is Extreme Oversold.

plus, trust the simply natural reason.

Something that goes fast up, will come 1/2 fast down first.

Sometimes it takes few M1 candles..

That a great pattern. From left to right.

Red small body Ha, trix cross.

Coral cross to be more sure.

Exit, fast Trix Color change, small body Heikin Ashi..

Pendings in H1 waiting for Monday..
Doubling Lot size in short or long direction.

The closer Short / Long Pending Orders: TP 15 SL 30

Further afar: TP 40 SL 30

Extended it..

TP 5 SL 10

EURAUD:
https://dl.dropbox.com/u/5156645/Slide1.jpg

Easy 85 pips today taking a low risk trade where almost everything lined up perfectly

Reason for the trade (if the font is too small in the pic):

 

1. Price broke through the Coral and is above the moving average (light blue line). Notice how I waited to enter until price broke not only through the moving average but also the Coral (which often serves as a major source of resistance). Patience is key!!!
2. Both Trix were green and pointing upwards.
3. Stochiastics were already in overbought territory, but as long as it’s not red and pointing downwards that’s fine.

Also note how price tried to reach lower lows twice, but both times bounced off the Fractal support line (light blue). That's normally a clear sign of a (temporary) trend reversal. Trading of the 1hr charts btw and my stop loss is normally automatic (5 EMA shift 3 as stop loss), but this time I exited manually because I'm happy with a 85pip gain (especially considering Trix seems to indicate some sort of reversal).

Don’t ask me why price moved that way, I haven’t read any financial news today…this is pure chart analysis how it should be. I exited the trade manually

Finally back from travelling, time to catch up on trading...

@Toranaga: Look into the EMA 1.4 automatic stop loss EA...the 5 EMA shift 3 seems to offer pretty good stop loss points

https://dl.dropbox.com/u/5156645/EURAUD.png

EURAUD is currently one of my favorite trading pairs because it trends nicely and shows very few fake signals. The trade resulted in a 50pip gain, so happy times

Reasons for trade:

 

1. Price was above the Coral (so I should favor long trades!), but it also bounced off an important daily Fractal resistance line which I expected to hold.
2. The majority of the candle body was below the moving average.
3. Both Trix were red and pointing downwards. In addition, the cross happened at the 0.00000 point, which generally results in stronger moves.
4. Stochiastics were red and pointing downwards. They also came down all the way from the extremely overbought area…a good sign!

My initial stop loss was at the moving average, so approximately 14 pips from my entry point. I exited the trade manually because I had to buzz off to a work meeting

Hi. Thank you for your great posts. Read them several times.
Nice analysis..