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THV System Trades & Patterns Thread

  • #221
  • Aug 21, 2012 11:18am Aug 21, 2012 11:18am
Quoting heispark
Sorry, it's EURUSD.
It also agrees Forex Cube's signal. (He is a weird Switzerland guy who has very high winning records.)
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #222
  • Aug 21, 2012 11:26am Aug 21, 2012 11:26am
Quoting heispark
It also agrees Forex Cube's signal. (He is a weird Switzerland guy who has very high winning records.)
Hey...as a Swiss I object to calling us weird
  • #223
  • Aug 21, 2012 11:29am Aug 21, 2012 11:29am
Quoting heispark
Looks a divergence is forming at 1H chart. I am waiting a THV signal for confirmation to go short.
Not sure what divergence you're talking about, but it looks like a reversal will happen over the next few hours. Trix and Stochiastics are both extremely overbought...so I expect price to drop by 1/3rd to 1/2 of today's increase. Too early to jump in though, the bulls might still go nuts, better to wait for a decent confirmation.
  • #224
  • Edited 3:31pm Aug 21, 2012 2:30pm | Edited 3:31pm
Thanks Toranaga
  • #225
  • Aug 21, 2012 4:30pm Aug 21, 2012 4:30pm
Quoting 4exNinja
Hey...as a Swiss I object to calling us weird
Oops... I wanted to say he is brilliant but a little bit hot tampered. Anyway, he is nice enough to share his knowledge.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #226
  • Aug 21, 2012 4:39pm Aug 21, 2012 4:39pm
Quoting heispark
Oops... I wanted to say he is brilliant but a little bit hot tampered. Anyway, he is nice enough to share his knowledge.
Nah, you're right...he's weird

Interesting approach though.
  • #227
  • Aug 21, 2012 8:57pm Aug 21, 2012 8:57pm
Quoting heispark
It also agrees Forex Cube's signal. (He is a weird Switzerland guy who has very high winning records.)
Thanks for linking this guy heispark, I'm curious to find out more about his strategy if he has such good stats!
Understanding yourself is synonymous with understanding the markets.
  • #228
  • Aug 22, 2012 7:45am Aug 22, 2012 7:45am
Nice short setup for EURUSD and long setup for USDCHF (naturally as they are negatively correlated) on the H1 charts at the moment. Just hopped in a while ago and already 8 pips up in both cases...let's see how long the correction lasts.
  • #229
  • Aug 22, 2012 8:11am Aug 22, 2012 8:11am
Quoting 4exNinja
Nice short setup for EURUSD and long setup for USDCHF (naturally as they are negatively correlated) on the H1 charts at the moment. Just hopped in a while ago and already 8 pips up in both cases...let's see how long the correction lasts.
I opened a short position on the EUR earlier when the price action was looking good - I didn't follow the rules though and set my stop at breakeven once it was in sufficient profit, rather than at the 5EMA. The price literally just ticked back up to my stop and then plummeted down to the 1.2430 area! Thankfully I didn't lose any money, but I may have just learned a lesson in following the rules
Understanding yourself is synonymous with understanding the markets.
  • #230
  • Aug 22, 2012 8:25am Aug 22, 2012 8:25am
Quoting mjrsaunders
I opened a short position on the EUR earlier when the price action was looking good - I didn't follow the rules though and set my stop at breakeven once it was in sufficient profit, rather than at the 5EMA. The price literally just ticked back up to my stop and then plummeted down to the 1.2430 area! Thankfully I didn't lose any money, but I may have just learned a lesson in following the rules
Yeah...funny enough most of my larger losses are due to me messing up and ignoring my own rules. Often (although I'm working on that) I enter trades too late after price is already 15pips+ past the MA...so if it swings back your loss is larger. The perfect entry is somewhere between 5-10pips after price crosses the MA.

I think DISCIPLINE is just as important as the system mechanics. It's my weakness and something I'm busy working on. Hell, I even bought a "Mindfulness" meditation book after reading that a TON of traders and hedge fund managers have great success with it. Jobs used to meditate every day before work...evidently it had some positive influence on his performance.

Price is stalling a bit in both my trades but I haven't been kicked out yet so it's all good.
  • #231
  • Aug 22, 2012 8:58am Aug 22, 2012 8:58am
Looking at the Trix it seems the market is expecting negative news from the US...got kicked out of both trades. I generally don't trade that close to news releases, so for now I'm going long EURUSD and short USDCHF on my demo account
  • #232
  • Aug 22, 2012 9:30am Aug 22, 2012 9:30am
Quoting 4exNinja
I think DISCIPLINE is just as important as the system mechanics. It's my weakness and something I'm busy working on. Hell, I even bought a "Mindfulness" meditation book after reading that a TON of traders and hedge fund managers have great success with it. Jobs used to meditate every day before work...evidently it had some positive influence on his performance.
I came across a brilliant article earlier today which talks about this (disciple as well as system mechanics) in detail. I'd particularly recommend this to people who are new to investing in CFD's and forex.

http://www.forexfactory.com/showthre...17#post5280317

In other news, I think I'll sit out of the markets tonight: I can't see any really clear signals, and when in doubt, the best thing to do is nothing at all
Understanding yourself is synonymous with understanding the markets.
  • #233
  • Aug 22, 2012 9:45am Aug 22, 2012 9:45am
Yeah, it's weird...US news was mostly bad, yet the EUR isn't rising...probably already priced in from yesterday. Will sit out as well and reevaluate once the Asians start trading.
  • #234
  • Edited 2:29pm Aug 22, 2012 2:10pm | Edited 2:29pm
Quoting 4exNinja
Yeah, it's weird...US news was mostly bad, yet the EUR isn't rising...probably already priced in from yesterday. Will sit out as well and reevaluate once the Asians start trading.
Guess my analysis was correct but my timing wasn't great...EUR promptly started rising after I posted this. Would have been a great 60pips+ trade.

Sadly I have a fulltime job, otherwise I would have re-entered since all signals were still valid.

By the way, pretty amazing how the Trix told you about the upcoming up move in EURUSD 7 hours (!!!) before it actually happened. Notice how when NYC opened the slow Trix was green and crossing through the slow one that also switched to being green? Stochiastics were also pointing upwards all the time and the only thing that kicked me out was the MA because it tested it 2-3 times before taking off.

I think I'll try setting the initial stop loss to just below/above the closest Fractal support/resistance line in the future until a trade is X amount of pips in profit. Will run some tests on my demo account over the next few days.

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

Another thing, if you look at the chart you'll notice that up moves seem stronger when price is above coral than down moves...something to take into consideration. Only enter short when price is above coral if the signalling candle is really strong!
  • #235
  • Aug 23, 2012 7:23am Aug 23, 2012 7:23am
A possible short in H1 in the developing.

Lets se what happens.

Till waiting for the next one or two H1 candles for the entry (or not)
there will be some great scalp opportunities in M1/M5 in the same time..
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  • #236
  • Edited 9:16am Aug 23, 2012 9:05am | Edited 9:16am
20 pips lower since the last post.

At the moment we reached last days High. nice to see by switching to M5.

Depends of your trading style you could collect your effort now,
or Close the half, or trust your skils and let the trade develop,
with maybe trailing the SL..
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  • #237
  • Aug 23, 2012 9:40am Aug 23, 2012 9:40am
and now here we have it..

This outbreak came not surprisingly if you followed the PA the last hour.
Depends how you managed your H1 trade, (best case you closed it
or trailed it to BE )
you have now another winner in M5 long and profited twice

Or youre still short in H1, there are still changes,
but absorbed you possibly H1 loss with a fast M5 long if you have a hedge Account. Aso aso..
Love it today..


M5
M1
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  • #238
  • Aug 23, 2012 10:12am Aug 23, 2012 10:12am
I was there,too.
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  • #239
  • Aug 23, 2012 11:38am Aug 23, 2012 11:38am
Nice job guys

I made some pips trading USDCAD today, but due to work I missed the rest...oh well.

By the way, mark the 12th September in your diaries...that's when they'll announce Greece dropping out of the Euro in my opinion. They also have to make a decision regarding Spain on that day, so we can all expect a few good moves.
  • #240
  • Aug 23, 2012 3:00pm Aug 23, 2012 3:00pm
Quoting ricmi
I was there,too.
Notice how an almost perfect exit point would have been the low point of the 2nd last Heiken Ashi bar (last green bar).

Just asked in the platform tech section if someone knows of an automatic stop loss EA that works like that
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