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THV System Trades & Patterns Thread

  • #201
  • Aug 21, 2012 8:09am Aug 21, 2012 8:09am
Arrrggghhhh, perfect trades today...and I missed them all because of work meetings

Shorting the USD and going long EUR and AUD on the 1hr charts was perfect...everything lined up.

I and two of my work clients (I work in real estate investment) are in the process of creating an EA for my strategy...we already hired an Indian programmer (cheap!), but sadly it's going to be a while until he's done accounting for all parameters. At least once he's done I won't miss those nice trades anymore

PS: Just fyi, the 5EMA (shift 3) works great on higher timeframes too. The downside is that trades get triggered later and you also get kicked out a bit later...so often you won't catch the full move like on the 1hr charts. Below 1hr you get kicked out too easily imo.
  • #202
  • Aug 21, 2012 8:28am Aug 21, 2012 8:28am
Quote
PS: Just fyi, the 5EMA (shift 3) works great on higher timeframes too. The downside is that trades get triggered later and you also get kicked out a bit later...so often you won't catch the full move like on the 1hr charts. Below 1hr you get kicked out too easily imo.
Dont know. I ignored the MA for a long time (why?)
and now starting to gain experience.
Imo its a great addition here. Till now i use it as a pre entry Signal before the entry Signal..
Only as a before confirmation or hint what could happen.. Still stick to the Thv rules.. At most.

Have shift 2. Or is 3 realy better ?
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  • #203
  • Aug 21, 2012 8:31am Aug 21, 2012 8:31am
I ended up closing the trade at a 71 pip profit (right at the top of the wave), good call Toranaga, thanks for the advice!

There's a lot of interesting potential in the charts at the moment... I particularly like the GBP/USD - sitting at some serious resistance from previous highs.

4exNinja, I'm glad to hear the EMA works well for higher TF's I did some backtesting before I had to race off to work this afternoon, and it does indeed seem quite good - I'd love to look for more long opportunities this week on the EUR with that in mind. And mate, if you get an EA happening, I would be SO keen to get on board! The feeling of missing a good trade because of something in real life can be incredibly frustrating!
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Understanding yourself is synonymous with understanding the markets.
  • #204
  • Aug 21, 2012 8:33am Aug 21, 2012 8:33am
Quoting Toranaga
Dont know. I ignored the MA for a long time (why?)
and now starting to gain experience.
Imo its a great addition here. Till now i use it as a pre entry Signal before the entry Signal..
Only as a before confirmation or hint what could happen.. Still stick to the Thv rules.. At most.

Have shift 2. Or is 3 realy better ?
I use that MA for both entries and exits. For entries the HA candle body (NOT the wick!!) has to pass through the MA with the majority of the body being above/below the candle depending on whether you go long or short.

I tested shift 2 and shift 3, and while shift 2 sometimes allows you to enter earlier and drop out earlier upon reversals...it also means you are facing an increased amount of "fake" moves and dropouts when price would continue in your direction after a short while. Shift 3 seems to be the best setting I found.
  • #205
  • Aug 21, 2012 8:35am Aug 21, 2012 8:35am
Before MA, i would jump in the trade maybe here and there
(or if would be more difficult, switching TFs or do other stuff)
to exactly time the entry,
now, as you can see,

fast trix color change - nope
trix cross - nope
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  • #206
  • Aug 21, 2012 8:37am Aug 21, 2012 8:37am
Quoting 4exNinja
I tested shift 2 and shift 3, and while shift 2 sometimes allows you to enter earlier and drop out earlier upon reversals...it also means you are facing an increased amount of "fake" moves and dropouts when price would continue in your direction after a short while. Shift 3 seems to be the best setting I found.
From what I've seen in about a week of trading this method, the shift 3 is good - I think with a shift 2, you'd get knocked out way too easily. I've been knocked out of a few positions by the shift 3, but thankfully there's been enough real moves that I've been able to ride with it to more than make up for the losses.
Understanding yourself is synonymous with understanding the markets.
  • #207
  • Aug 21, 2012 8:38am Aug 21, 2012 8:38am
As i wrote..

Did NOT break the MA5. No trade.. Thanks MA.
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  • #208
  • Aug 21, 2012 8:39am Aug 21, 2012 8:39am
Quoting Toranaga
Before MA, i would jump in the trade maybe here and there
(or if would be more difficult, switching TFs or do other stuff)
to exactly time the entry,
now, as you can see,

fast trix color change - nope
trix cross - nope
In this graph I would wait until MA confirms the trade, as in, the HA candle body turns red with the majority being below the MA. Trix already confirms the trade, but keep in mind price is above the Coral, so Trix alone would result in too many "fake" signals. Wait until a larger (5pips+) candle forms downwards through the MA

I think it's really important that all the indicators (MA, trix, stochiastics, support/resistance) confirm eachother. Whenever there's "confusion" the move might not actually happen (strongly). Use the Trix as a base indicator and add the others as confirmation.
  • #209
  • Aug 21, 2012 8:41am Aug 21, 2012 8:41am
Quoting mjrsaunders
From what I've seen in about a week of trading this method, the shift 3 is good - I think with a shift 2, you'd get knocked out way too easily. I've been knocked out of a few positions by the shift 3, but thankfully there's been enough real moves that I've been able to ride with it to more than make up for the losses.
Agreed. I tested the shift 4 for fun, and it cuts your winners too much to be profitable by the way.

Shift 3 really seems to be a good "middle ground".

EDIT: This thread finally has the 5 stars it deserves
  • #210
  • Aug 21, 2012 8:43am Aug 21, 2012 8:43am
buuut, after knowing the M5 development last 20 min.
if you switch to M1 now, mhhh great short scalp ?!?
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  • #211
  • Aug 21, 2012 8:45am Aug 21, 2012 8:45am
Quoting Toranaga
buuut, after knowing the M5 development last 20 min.
if you switch to M1 now, mhhh great short scalp ?!?
Wait until a larger candle forms heading south...

Also, note that often moves are stronger if the cross happens at or close to the 0.00000 line on the Trix chart
  • #212
  • Aug 21, 2012 8:51am Aug 21, 2012 8:51am
Quoting 4exNinja
EDIT: This thread finally has the 5 stars it deserves
It's about time!

I don't know if I'd be comfortable with shorting the EUR just yet... I mean, it has moved pretty far today, but I guess I'd like to see some PA confirmation before shorting it. Having said that, I don't know how much longer I want to stay up, it's already nearly midnight here
Understanding yourself is synonymous with understanding the markets.
  • #213
  • Aug 21, 2012 8:51am Aug 21, 2012 8:51am
Low 5 pip.
It should be enough, but if you are greedy or a gambler,
you still can wait and invest your 5 pips or sell the half or have a look at M5
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  • #214
  • Aug 21, 2012 9:01am Aug 21, 2012 9:01am
Forgot to mention, I think waiting until "everything" (incl. the MA) lines up helps greatly at cutting down on losses. Using this strategy I can almost afford to lose 5 trades in a row and still make up for it with 1 good winner. That's a great thing for my "mental health"
  • #215
  • Aug 21, 2012 9:10am Aug 21, 2012 9:10am
After seeing the way the PA challenged (and failed to break) the previous high at the new hour, I think a short may definitely be on the cards fairly soon. Come on price action confirmation!!
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Understanding yourself is synonymous with understanding the markets.
  • #216
  • Aug 21, 2012 9:13am Aug 21, 2012 9:13am
A lot of information. Thanks guys.
Have to re read that later and answer on some posts again.

Now, no more trading for me, enough for today
and have to drive my mom to the hospital.

glta
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  • #217
  • Aug 21, 2012 9:19am Aug 21, 2012 9:19am
Quoting Toranaga
A lot of information. Thanks guys.
Have to re read that later and answer on some posts again.

Now, no more trading for me, enough for today
and have to drive my mom to the hospital.

glta
Cheers Tora, have a good one

I think that'll do me for today as well, thanks all!
Understanding yourself is synonymous with understanding the markets.
  • #218
  • Aug 21, 2012 11:03am Aug 21, 2012 11:03am
Looks a divergence is forming at 1H chart. I am waiting a THV signal for confirmation to go short.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #219
  • Aug 21, 2012 11:14am Aug 21, 2012 11:14am
Quoting heispark
Looks a divergence is forming at 1H chart. I am waiting a THV signal for confirmation to go short.
What currency pair?
  • #220
  • Aug 21, 2012 11:15am Aug 21, 2012 11:15am
Quoting 4exNinja
What currency pair?
Sorry, it's EURUSD.
Simplicity is the ultimate sophistication - Leonardo da Vinci
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