THV System Trades & Patterns Thread

Im short in GBP/Usd on Daily basis at the time i wrote the post.

What i wanted to show was this nice (and expected) Up breakout.

In H1.

I like to find such breakout possibilities, switch to lower TF, wait for the move
and then trade it in M1 or M5.. If it comes..

Did not lasted long, but 25 pips are 25 pips

Afterwards, the posted H1 'fake out' as M5 chart.

The 2 vertical lines mark the one H1 candle.

:nerd:

Perfect.

Notice all the partial signals.. Contemporary.

M1

New week. Finaly.

What do you think. I would say..

smal test lot, sun-mon Candles are unpredictable.

Well, the majority of smart money seems to go short USD and have cut their short positions in Europe. I went short EURUSD and long USDCHF this morning, 50+ pips gain per trade.

It seems to be turning around though, so I'm out of those trades now.

Fundamentally there's so much mixed news at the moment, I mostly focus on H1 charts (THV, Damiani, daily/monthly pivots) and try to ignore fundamentals. If price is below the daily mid-pivot and indicators suggest I should buy, I do just that. If it's above the mid-pivot I only look for sell signals.

Started doing that last week, and it seems to work great. Just goes to show, looking at indicators in isolation doesn't work, but if you group them and use them to confirm each other, it seems to work quite well.

EURUSD, EURAUD, AUDUSD, NZDUSD are all above the daily pivot, so I'm now only looking for shorts after the recent up move. USDCHF and USDCAD is below the daily mid-pivot, so I'm only looking for long trades. For now it hasn't fully turned around yet, so I'll be patient

Just came home.. Yess..

Closed immediately..

Hehehe, nice trade. Nice setup for the reverse trade now

Thanks.

And yes it was a nice setup but left home again soon without trading.

Same trade in H1.

Sorry for the Off Topic but..

thats a MUST if you have more than 1 screen.

http://www.forexfactory.com/showthre...57#post6063057

Should i begin to explain the advantages with Thv and detaching..
Having the charts simultaneously..

It's all bout fake signals today??!!!! I got an advice from someone to ignore news which is not important. but sounds the only thing moving the market news and noobs. Didn't catch good entry till now...., the attachment for 5 min only and other Tf;s conflict with each others..

Yeah, EURUSD cant decide wich way to go. Its on 38,2 Fibo.. Im looking strong close over Daily R1.

Price is playing around 50 Fibo, looking for Short when TRIX turns red

But i dont like that Price closed above R2..

Looking EURUSD. Price is between D Pivot and W R1, Fibo 50 and 61.8. Price is near 5 SMA and under 20 SimpleMA.

I would go long if Price moves above 20 SimpleMA. Because Fast TRIX turned green and there is bullish divergence.

I'm not trading non-farm payroll days...especially not that close to the election.

Why? I expect a lot of volatility that messes with charts. On one hand the dollar should rally if results are better than expected, on the other hand those good results are bad news for Romney...and the markets would consider a Romney win better for assets in the SHORT TERM (because as we all know no one gives a rat's ass about the long term consequences). So a worse result might actually boost the dollar because some fools still believe Romney stands a chance.

Taking the day off

Hate having to deal with politics interfering with economics...

Yeah, my approach is just to trade technical info right now. Im aware about
coming news but im still learning how to use fundamentals and technicals
together. But i must admit that your approach is smarter now.

What you'll get is a lot of stop-loss hunting by smart money...there are enough better opportunities later this month. Sometimes not trading is the best approach. Knowing when to stay away can be the most profitable knowledge

Heh, turns out I'm bad and went long EURUSD and short USDCHF...up around 20pips on both trades. Will probably close in 1hr10m once London closes.

Pretty good week with a net gain of +4.9% using really strict risk management.

isnt it #

?

Morning everyone, im looking at EURJPY. H1 Price is on under 5 SMA but on 20 MA and D Pivot. I look shorting it only if Price closes strongly under D Pivot and
20 MA. Last Hourly candle was weak closed on D Pivot.
Now if i look at H4 i see Price is on 5 SMA wich dont favore Hourly Short trade
because Price have before found 2 times support on 5 SMA and if it is third time
it would be nice Long trade considering H1 20 MA Support and D Pivot Support+
H4 5 SMA Support.

Lets see what happens...

Shorted EURJPY at 102.18