Yeah actualy im not surprised if it stops on D Pivot but now im looking at H4
chart and i want to see can it close above 5 SMA.
chart and i want to see can it close above 5 SMA.
Attached Image (click to enlarge)
THV System Trades & Patterns Thread
- #422
- Oct 10, 2012 9:22am Oct 10, 2012 9:22am
- | Joined Oct 2011 | Status: In your head, eating your brain | 2,562 Posts
Aaaaaaaaand it bounced off the Coral 
My guess (and it's only that, not putting any money on it) is that it'll retest the 100.45ish level again before taking off...if it takes off. Alternatively it will slightly overshoot the Coral, retrace back to it, and then take off. If that happens I will buy after the bounce.
On a side note, Goldman Sachs recommends people go long EURAUD...which kind of makes me wanna do the exact opposite despite AUD's weakness. Their head forex guy is a complete tool who is wrong more often than he's right...at least in terms of what he tells people. Probably because they love betting against clients and muppets.
My guess (and it's only that, not putting any money on it) is that it'll retest the 100.45ish level again before taking off...if it takes off. Alternatively it will slightly overshoot the Coral, retrace back to it, and then take off. If that happens I will buy after the bounce.
On a side note, Goldman Sachs recommends people go long EURAUD...which kind of makes me wanna do the exact opposite despite AUD's weakness. Their head forex guy is a complete tool who is wrong more often than he's right...at least in terms of what he tells people. Probably because they love betting against clients and muppets.
- #423
- Oct 10, 2012 10:31am Oct 10, 2012 10:31am
- | Joined Oct 2011 | Status: In your head, eating your brain | 2,562 Posts
- #425
- Oct 11, 2012 5:42am Oct 11, 2012 5:42am
- | Joined Oct 2011 | Status: In your head, eating your brain | 2,562 Posts
Trying something new 
Until the end of the month I will be in trades 100% of the time. My stop loss will simply be a trade signal in the opposite direction of my current trade. Until there is no exit signal (so for example, if I'm long I will stay long as long as there's no clear short signal), I will also continually increase my exposure whenever I get an additional entry signal. Once I get a trade signal in the opposite direction of my current trade(s) I will exit ALL those trades at once.
Obviously this works best in trending markets, but since I'll be staggering my trades (aka "building legs"), my risk of the last few trades before a trend changes isn't all that great while I can keep winners running as long as possible.
My risk/trade will obviously have to go down a bit as my August to October back test on EURUSD showed that sometimes you can end up with 10 simultaneous trades during an extended swing.
Results seem crazy good though with 18 winners and 4 losers during that period. The maximum drawdown was around 105 pips (3 of the 4 losers happened within 4 trades). Small sample size though, so I'll have to do more extensive back testing before taking it live. My live account will stick to the EMA stop loss until I had a chance to also forward test it
Use this for TRENDING pairs!
Until the end of the month I will be in trades 100% of the time. My stop loss will simply be a trade signal in the opposite direction of my current trade. Until there is no exit signal (so for example, if I'm long I will stay long as long as there's no clear short signal), I will also continually increase my exposure whenever I get an additional entry signal. Once I get a trade signal in the opposite direction of my current trade(s) I will exit ALL those trades at once.
Obviously this works best in trending markets, but since I'll be staggering my trades (aka "building legs"), my risk of the last few trades before a trend changes isn't all that great while I can keep winners running as long as possible.
My risk/trade will obviously have to go down a bit as my August to October back test on EURUSD showed that sometimes you can end up with 10 simultaneous trades during an extended swing.
Results seem crazy good though with 18 winners and 4 losers during that period. The maximum drawdown was around 105 pips (3 of the 4 losers happened within 4 trades). Small sample size though, so I'll have to do more extensive back testing before taking it live. My live account will stick to the EMA stop loss until I had a chance to also forward test it
Use this for TRENDING pairs!
- #430
- Edited 8:51am Oct 15, 2012 6:28am | Edited 8:51am
- | Joined Oct 2011 | Status: In your head, eating your brain | 2,562 Posts
I'm long EURUSD and short USDCHF...for the past few hours that is
I have to admit, adding that Genesis matrix tape indicator is pretty cool...helps at confirming THV signals together with Damiani. You get slightly less signals, but those you get are all higher probability trades. Took me around 5hrs over the weekend to figure out decent settings for that Genesis indicator on the H1 charts. On the upside, the same settings seem to work for all 8 pairs I trade. For the avoidance of any doubt, I only use this indicator to confirm THV signals...so THV is still my base system.
Screenshot below...doesn't take a rocket scientists to figure out what the entry signal is
Enter if:
- Trixs are both green/red (depending on trade direction)
- THV lines up
- Damiani's green line > red line
- Genesis matrix tape = green or red (depending on trade direction)
- Price broke through the 5 EMA (shift 3) in the direction of your trade.
- Preferably: Price bounces off support/resistance or clearly beaks through.
Once 15pips of profit have been achieved, my stop loss is automatically set to break even. Back tests showed that most of the time you can achieve at least 15pips profit even if for some reason (news!) the signal gets overturned and price then goes in the opposite direction. Most of the trades that would have been losers are converted into BE trades if you follow that rule. I don't set any other stop losses and exits are solely based on indicators.
Exits:
- Both Trix turn the opposite direction (so both turn red if in a long trade)
- Daminani's green line < red line
- Genesis tape turns red if in a long trade, and green if in a short trade
Either of those 3 conditions would trigger an exit, they don't all have to be fulfilled.
In the above example I would have entered earlier...but I was on the tube
I have to admit, adding that Genesis matrix tape indicator is pretty cool...helps at confirming THV signals together with Damiani. You get slightly less signals, but those you get are all higher probability trades. Took me around 5hrs over the weekend to figure out decent settings for that Genesis indicator on the H1 charts. On the upside, the same settings seem to work for all 8 pairs I trade. For the avoidance of any doubt, I only use this indicator to confirm THV signals...so THV is still my base system.
Screenshot below...doesn't take a rocket scientists to figure out what the entry signal is
Enter if:
- Trixs are both green/red (depending on trade direction)
- THV lines up
- Damiani's green line > red line
- Genesis matrix tape = green or red (depending on trade direction)
- Price broke through the 5 EMA (shift 3) in the direction of your trade.
- Preferably: Price bounces off support/resistance or clearly beaks through.
Once 15pips of profit have been achieved, my stop loss is automatically set to break even. Back tests showed that most of the time you can achieve at least 15pips profit even if for some reason (news!) the signal gets overturned and price then goes in the opposite direction. Most of the trades that would have been losers are converted into BE trades if you follow that rule. I don't set any other stop losses and exits are solely based on indicators.
Exits:
- Both Trix turn the opposite direction (so both turn red if in a long trade)
- Daminani's green line < red line
- Genesis tape turns red if in a long trade, and green if in a short trade
Either of those 3 conditions would trigger an exit, they don't all have to be fulfilled.
In the above example I would have entered earlier...but I was on the tube
- #432
- Oct 15, 2012 6:49am Oct 15, 2012 6:49am
- | Joined Oct 2011 | Status: In your head, eating your brain | 2,562 Posts
Yup, nice EURJPY trade. Sadly when I entered I got to 15pips profit which was then wiped out again...so it kicked me out of my trade. Would have re-entered, but I'm at work and can't trade
- #434
- Edited 8:50am Oct 15, 2012 7:35am | Edited 8:50am
- | Joined Oct 2011 | Status: In your head, eating your brain | 2,562 Posts
Tnx man, but how with your EURUSD and USDCHF trades did you got on in beginning or somewhere between.
Up 17.5% this month so far, happy days...
Today's trades are below, not attaching the EURJPY as it ended up being break even:
Hi guys, been a while since I've posted here, but it's good to see you're still at it!
I must say, I'm impressed by some of the discussion, systems and trades throughout this thread in recent weeks. How have you guys gone with the volatility over the last 24 hours within the euro? I'm hoping you went long the EUR ^_^
As for me, I'm going to look into some of these new indicators you've been using 4exNinja, that genesis tape and damiani look like great supports to your adaptation of THV. I'll try to post some setups here over the next few days once I've gotten back into the swing of things!
Happy trading
I must say, I'm impressed by some of the discussion, systems and trades throughout this thread in recent weeks. How have you guys gone with the volatility over the last 24 hours within the euro? I'm hoping you went long the EUR ^_^
As for me, I'm going to look into some of these new indicators you've been using 4exNinja, that genesis tape and damiani look like great supports to your adaptation of THV. I'll try to post some setups here over the next few days once I've gotten back into the swing of things!
Happy trading
Understanding yourself is synonymous with understanding the markets.
- #438
- Oct 16, 2012 9:28pm Oct 16, 2012 9:28pm
- | Joined Dec 2010 | Status: Trader | 1,581 Posts
How to opt out annoying user signatures ??
