THV System Trades & Patterns Thread

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Here are my entry rules if you care (my exits are easy, just exit whenever price hits the 5EMA shift 3)...

For going long (short is the inverse):

1) The candle body is at least 5pips, with the majority being above the 5EMA.
2) If price is above the Coral, the fast Trix has to turn green (which is basically a TDI cross upwards). The slow Trix doesn't necessarily have to be green, but if it isn't, the failure rate is a bit higher...still profitable to do it though
3) If price is below the Coral, the fast and slow Trix have to be green and the fast one needs to cross the slow one upwards.
4) Stochiastics needs to be green and pointing upwards. They can remain in overbought area for quite a bit, so I tend to pay least attention to Stochiastics. Basically, Stochiastics can't go against you...so when going long they can't be red and pointing downwards.
5) Fractal support/resistance are used to stay out of "trouble zones". If price is still just below a level when going long I might wait until the candle body (not just the wick) crosses that level before entering a trade.

My stop loss is always the 5EMA (shift 3), so for most trades I won't enter until price has moved 8+ pips through the EMA in the direction of my trade.

Essentially you're going to end up with a number of smaller losses (5-10pips) and then capture the breakouts that totally make up for it. If you're awake during the London/NY session you almost always end up with a few very nice 100pip+ moves.

I trade 7 pairs, but this works for all pairs (haven't tested all of them, but spot checked even some weird ones).

I only use the H1 charts because I don't like lower time frames. The reason is that all data is 15min delayed, and the big institutions can really mess with the lower timeframes for a short period...but they can't really do that on longer time frames. H1 seems to work fine, as does H4. If you trade H4 you will get less fake moves, but at the expense of capturing full moves.

Hi 4exNinja, thanks for posting your entry/exit rules here! This sort of thing is somewhere along the lines of what I've been trying to develop for myself... I'll try it out and see how things go! Do you use that custom EA for exiting trades?

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

I did a bit of searching on google for it and couldn't find any links - do you know where I could get it?

In other news, there could be a possibility of a long trade on the USD/JPY with 4exNinja's strategy later today if trix agrees...

Possible short setup on the AUDUSD, PA seems to be sitting nicely below 1.05 round level, waiting on a coral cross though. Any thoughts?

I know this trade is against the rainbow, but it was just too perfect. H&S reversal, gap is filled by Right Shoulder, trix harmony. Only issue is 5 min divergence.

Hi, bro. I am also a big fan of one hour chart! :-)

Follow up on the earlier AUD/USD trade:

I could have actually entered earlier with 4exNinja's rules, however still managed to bag 60 pips! The PA technically hasn't touched the 5EMA, but with the fast trix turning I didn't want to take any chances, so I manually closed it.

Of course as I'm writing this the price is still falling

Anyway, I'm quite keen for the potential this system has! I have another open position short on the EUR/USD by the same rules that is nearly at a 40 pip profit already... impressive I must say!

Kudos to 4exNinja and the THV team

Yeah, I sometimes exit manually too and then regret it. The 5EMA works really well, so there's no reason not to trust it...I tested it over a TON of trades. Having said that, exiting manually if you are happy with the amount isn't a bad thing if locking in profits can have a positive effect on your mental state.

Either way, the system works and it's the only system I use.

Keep in mind we're in a holiday season, so the number of "fake" signals is a bit higher than normally.

New week started.

Amazing hov it got stuck to Camarilla S1..

M5 Chart..

And here we go.
That was what i waited for.

M5
M1

Of course not the right time for a trade,
too big spread and too less Atr, but pivots working. As usual..

Ok. I would say, back were we started.

But wait for the next M5 Candle..

And if M1 breaks the 1.2350 mR1

M1

Forex is so so cool. Sometimes.

Yep. Done it.

M1
M5

And afterwards, have a look where it stopped.

M1

M5

Addition. M5 Tp

Exit points..

I think thats a new fast move pattern in the developing..
Even on M5. Lets see..
5-15 pips i think.

View at M5 resulted to 2 great short possibilities in M1.

plus, more fast short PA, if you could await the M1 Fib. Piv break..