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THV System Trades & Patterns Thread

  • #261
  • Aug 31, 2012 1:53pm Aug 31, 2012 1:53pm
https://dl.dropbox.com/u/5156645/EUR...ust%202012.png

I missed the perfect entry on this trade because of work but it still resulted in a nice 43 pip gain

Reasons for trade:

 

  1. Price crossed through the moving average with the majority of the candle body being above the moving average. I could have entered just there, but I missed it.
  2. Price broke through the Coral, which made me enter even though I missed the first sign.
  3. Both Trix were green and the fast one was above the slow one.
  4. Stochiastics were green and pointing upwards with some room to go.


I exited manually because price started stalling and I wanted to go to the pub. That decision saved me about 8 pips.

Overall not bad. I have to learn to time entries after missing initial signs due to work commitments. I will also start testing a new automatic stop loss that sets the stop loss to the high/low point of the previous candle’s candle body (NOT the wick!). We’ll see how that goes. On one hand it might kick me out of the trade too much, on the other it might result in larger winners.

  • #262
  • Aug 31, 2012 1:55pm Aug 31, 2012 1:55pm
https://dl.dropbox.com/u/5156645/EUR...ust%202012.png

Still love EURAUD, it trends amazingly well…at least at the moment. The trade resulted in a sweet 49 pip gain, but I missed the perfect entry again due to work.

Reasons for trade:

 

  1. Price bounced off the 1hr Fractal support for the second time (which showed me that this support is somewhat strong) and stayed above it.
  2. Price crossed the moving average with the majority of the candle body being above the moving average. I could have entered a bit earlier.
  3. Price was above the Coral.
  4. Both Trix were green and the fast one crossed upwards through the slow one.
  5. Stochiastics were green and pointing upwards…but already really close to the extremely overbought area, which should have set off alarm bells.
  6. This was an almost perfect setup. A strong upwards bias existed because price bounced off the Coral (showing that this is a strong support), bounced off the Fractal support (again, strong support), and the moving average.


I exited manually again because I wanted to go to the pub and didn’t think about trading…

  • #263
  • Aug 31, 2012 1:57pm Aug 31, 2012 1:57pm
https://dl.dropbox.com/u/5156645/GBP...ust%202012.png

I don’t trade JPY pairs a lot (mostly use them as confirmation) but this time it worked out for a nice 36 pip gain. As with the other two trades today I missed the perfect entry by a few pips due to work.

Reasons for trade:

 

  1. Price was below the Coral but price just came back from a crucial low point it previously hit on the 27th (123.75).
  2. Price bounced off the 4hr Fractal support line. Now the higher up you go in terms of Fractal support/resistance lines for various timeframes, the stronger those levels become. So I tend to trust H4 lines more than H1 lines.
  3. Price broke through the moving average with the majority of the candle body being above it. I could have entered earlier.
  4. Both Trix were green and the fast one was above the slow one.
  5. Stochiastics were green and pointing upwards with some way to go.


Exited the trade manually…pub time

By the way, in case anyone’s wondering why I haven’t posted any losses…I just didn’t have any interesting losses of more than 20 pips recently. I had a few fake moves due to extremely low volume (vacation season), but not a ton…and none of them were mistakes I could use to learn from. As soon as I mess up badly (and I’m sure I will) those losing trades will be posted.

  • #264
  • Sep 1, 2012 8:23am Sep 1, 2012 8:23am
My first find with my manual at the weekend scans.

Here is a naked chart. I need one or two more candles for a direction for the coming week
but i think its at the break point at the moment and few nice opportunities for some pip collecting are there yet now.
Will stalk it.

Please compare it with your THV setup and post me your opinion if you like..
(# of course with chart and circles )
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  • #265
  • Edited Sep 2, 2012 3:13am Sep 1, 2012 10:58pm | Edited Sep 2, 2012 3:13am
Thanks Toranaga for opening this thread so that we can share our experience for using THV.
I have been using THV for 2 year, my trading style like Cashmeer, and I earned some money from it.
But the most things that make me fear and lost money is "range market". u could see it 2 day in last week.
Can u share your experience ? how u can advoid to take trade in range market? how u realise them?
THV is good system in trending market, but not in range market, I think not only THV but also every system, that is our problem.
Hope to hear from everybody.
English is not my mothertongue, so sorry for my bad english.
Thanks
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  • #266
  • Sep 2, 2012 7:45am Sep 2, 2012 7:45am
You cant trade every move, you have to wait
and whats a range market for one its a nice up and down for another.

I never trade M15, dont like this TF.
If you switch to M5 the same ('range') chart looks full of action.

Lower your TF, lover you TP, look for another pair or simply dont trade..
Imo, there is never a range market, its only what you do or how you look at it..

And, i said that few times. Use the THV-Info panel with his great ATR display. Very usefull.
Example, if the ATR is below 6 (better 8 or more) i dont trade M1 to weak PA,
for M5 or higher, gaining experience at the moment.

The same constellation im M5
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  • #267
  • Sep 2, 2012 9:13am Sep 2, 2012 9:13am
Quoting Toranaga
You cant trade every move, you have to wait
and whats a range market for one its a nice up and down for another.

I never trade M15, dont like this TF.
If you switch to M5 the same ('range') chart looks full of action.

Lower your TF, lover you TP, look for another pair or simply dont trade..
Imo, there is never a range market, its only what you do or how you look at it..

And, i said that few times. Use the THV-Info panel with his great ATR display. Very usefull.
Example, if the ATR is below 6 (better 8 or more) i dont trade M1 to weak...
I donn't trade TF 15, but I use it to confirm trend at lower TF, I used to draw trendline that high TF from 15 - 30 - 1h - 4h, watch it to take trade at 1 - 5 TF. I donn't scalp like u.
Thanks for info, I will check it on my own to find the appropriate rate of ATR to trade.
  • #268
  • Sep 2, 2012 6:13pm Sep 2, 2012 6:13pm
Quote
Thanks for info, I will check it on my own to find the appropriate rate of ATR to trade.

And post it here please. It needs a lot of screen time to give a right answer.
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  • #269
  • Sep 2, 2012 6:38pm Sep 2, 2012 6:38pm
So I had a bit of time to test a few new indicators over the weekend. Generally I believe the fewer indicators the better...KISS (keep it simple stupid).

I started out by removing all indicators I don't generally use much, and that freed up a lot of space (mostly in the Pipware dashbord). I then added 1 additional indictor, this one.

It's main purpose is to keep me from trading when volatility doesn't support it...and initial tests show it ROCKS!! Doing some backtests you'll realise that it keeps you out of a ton of bad spots.

My charts now look like this:

https://dl.dropbox.com/u/5156645/Chart%20Setup.png

Whenever the green line of the volatility indicator is below the red line DO NOT TRADE. The chart above shows you those bad periods. It's as simple as that and should increase your win % by a lot
  • #270
  • Sep 2, 2012 6:46pm Sep 2, 2012 6:46pm
Thanks, informative post.
Me too, doing the same by adding MA and SMAs to the chart

Goal,, trading only with few MAs. And Ha Candles..
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  • #271
  • Sep 2, 2012 6:57pm Sep 2, 2012 6:57pm
btw.

New week, forex opening. 3 pairs.
If you knew before this patterns for this particular day,
and have little helpers, it can be easy.

Have a look.. Whats common..

try to compare it with THV.
And impress some patterns..
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  • #272
  • Edited 10:50pm Sep 2, 2012 7:17pm | Edited 10:50pm
Quoting 4exNinja
So I had a bit of time to test a few new indicators over the weekend. Generally I believe the fewer indicators the better...KISS (keep it simple stupid).

I started out by removing all indicators I don't generally use much, and that freed up a lot of space (mostly in the Pipware dashbord). I then added 1 additional indictor, this one.

It's main purpose is to keep me from trading when volatility doesn't support it...and initial tests show it ROCKS!! Doing some backtests you'll realise that it keeps...
Hi, Ninja

Do you also use Damiani at lower timeframes such as 5M? I also use this indicator but its performance is so-so for me.
In my case, the angle of green line looks more important. When it moves upward, it looks we have a momentum. I use Damiani only at 1H+ TF. At lower FTs, it's useless I think.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #273
  • Sep 2, 2012 9:41pm Sep 2, 2012 9:41pm
Quoting Toranaga
And post it here please. It needs a lot of screen time to give a right answer.
of course. We are here to help each other
  • #274
  • Sep 2, 2012 9:49pm Sep 2, 2012 9:49pm
Quoting 4exNinja
So I had a bit of time to test a few new indicators over the weekend. Generally I believe the fewer indicators the better...KISS (keep it simple stupid).

I started out by removing all indicators I don't generally use much, and that freed up a lot of space (mostly in the Pipware dashbord). I then added 1 additional indictor, this one.

It's main purpose is to keep me from trading when volatility doesn't support it...and initial tests show it ROCKS!! Doing some backtests you'll realise that it keeps...
I think, keep it simple is better. Cobra have combine 15 indicator in the THV's trix. I think we donn't need to add more indicator. I test a lot of indicator in forexfactory which can divine in to category.
- One is the indicator can show u very soon signal to entry, but it can be repainted.
- the second donn't repaint but it show u late signal.
I think our problem is to improve the method of use THV better, we should not chance it.
I test a lot of system with many indicators and I must come back to Trix.Trix is the heart of this system, I think Trix is the best indicator.
  • #275
  • Sep 3, 2012 1:52am Sep 3, 2012 1:52am
Quoting heispark
Hi, Ninja

Do you also use Damiani at lower timeframes such as 5M? I also use this indicator but its performance is so-so for me.
In my case, the angle of green line looks more important. When it moves upward, it looks we have a momentum. I use Damiani only at 1H+ TF. At lower FTs, it's useless I think.
No I don't...but that's because I only trade H1. Haven't tested it for lower timeframes I'm afraid, but at H1 it works really well.
  • #276
  • Sep 3, 2012 1:57am Sep 3, 2012 1:57am
Quoting 4exNinja
No I don't...but that's because I only trade H1. Haven't tested it for lower timeframes I'm afraid, but at H1 it works really well.
Thank you for your quick feedback. I think I better check this indi again.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #277
  • Sep 3, 2012 2:01am Sep 3, 2012 2:01am
It looks it wants go south... at least for a while.

Attached Image (click to enlarge)
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Of course, it's a little bit early to make decision though.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #278
  • Sep 3, 2012 3:42am Sep 3, 2012 3:42am
Quoting heispark
It looks it wants go south... at least for a while.

Attachment

Of course, it's a little bit early to make decision though.
Let me wait Trix signal before I shoot.....

Attached Image
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #279
  • Edited 5:58am Sep 3, 2012 4:28am | Edited 5:58am
Quoting ductrifx
I think, keep it simple is better. Cobra have combine 15 indicator in the THV's trix. I think we donn't need to add more indicator. I test a lot of indicator in forexfactory which can divine in to category.
- One is the indicator can show u very soon signal to entry, but it can be repainted.
- the second donn't repaint but it show u late signal.
I think our problem is to improve the method of use THV better, we should not chance it.
I test a lot of system with many indicators and I must come back to Trix.Trix is the heart of this system, I think...
I agree that Trix is probably the most important one. Having said that, Trix alone isn't enough and needs confirmation. Figuring out what indicator serves as the best confirmation sign is tricky.

In the chart below you see that the THV system has a clear short bias for a few hours but price doesn't consistently trend south, so it's not time to enter (yet). The volatility indicator clearly states "DO NOT TRADE" too and seems to work perfectly.

http://db.tt/dZVCVYym

Like I said, I'm not a huge fan of indicator overload, but at least on the higher timeframes this one seems to rock. I mean, you can literally go back in time and see how many times it saves you from fake-outs, it's really quite amazing.

By the way, I'm generally not trading the lower TF for 2 reasons:

1) I have a full time job. I just can't stare at charts for hours on end.
2) I believe large investment companies can really screw with price IN THE SHORT TERM which results in a higher number of "fake-outs" on lower timeframes. It's harder for them to do something that has a lasting effect unless it agrees with the market's general medium (aka H1+) term opinion. Less fake-outs is good for my piece of mind, I'm really only interested in larger moves of 30-150pips. Anything below that doesn't interest me.

PS: Looks like EURUSD will go long soon, and USDCHF short. At least according to the H1 Trix. Too early to enter though according to the Damiani indicator...
  • #280
  • Sep 3, 2012 6:12am Sep 3, 2012 6:12am
Quoting 4exNinja
I agree that Trix is probably the most important one. Having said that, Trix alone isn't enough and needs confirmation. Figuring out what indicator serves as the best confirmation sign is tricky.

In the chart below you see that the THV system has a clear short bias for a few hours but price doesn't consistently trend south, so it's not time to enter (yet). The volatility indicator clearly states "DO NOT TRADE" too and seems to work perfectly.

http://db.tt/dZVCVYym

Like I said, I'm not a huge fan of indicator overload, but...
I couldn't see your picture. Post it again, please
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