THV System Trades & Patterns Thread

How not to trade Thv.

Found this..

Was impatient and did not wanted to wait because i was sure..

And then ended like this..

Importand to be noticed at this point. (Again) If you trade this way..

Wait till MA5 is really broken and the next Candle confirms it, closes and stays below.

Here, it wasnt the case. I broke the rule and did not waited.

Hahaha, yeah...you can imagine how often I kick myself for breaking the rules

At this point it's all about consistency. I really trust the system overall, it's just that I still suffer a bit from overtrading or not waiting until "everything lines up". My super narrow 15pip initial stop loss and setting the SL to BE after 15pips really helped me to cut down on such losses though.

Since you gave a tip above I'll do the same:

- Pay close attention to support/resistance levels (I use fractals because they rock and very rarely Fibonacci if I can be assed) and ROUND figures. If you plan on going long, and price is already at 1.295, wait until that psychological level CLEARLY breaks. Often moves are limited by round figures, and they're often great spots to take profit if you don't manage your trades manually. You can always hop back into a trade if the move continues strongly. The 0.0050 levels are minor levels that often play a roll as well. Price often stalls there for a bit...

- Pay close attention to CORRELATION. The strongest moves often show correlated pairs to strongly all move in the same direction, while negatively correlated pairs do the opposite. Do NOT trade if strongly correlated pairs don't follow the same trend. I trade the following pairs...and correlations are highlighted:

- Positively correlated to eachother: EURUSD, EURJPY, EURAUD, GBPUSD, AUDUSD

- Negatively correlated to the above: USDCHF, USDCAD

These correlations are quite strong on the H1 charts...on shorter time frames it might be different.

The above really helped me increase my "hit rate". Of course the usual "don't break the bloody rules" thing still applies. It helps not to be a donkey

Up 91 pips this week...crazy busy at work, so sadly missed most perfect entries.

EDIT: Found a new avatar. May it remind me not to be an idiot. Thanks

He he love the pic also. Simply..

Mistake or not,will se.If price breaks 15m 200ema my tp is near 60750 area.

Nice Post...

Unless US retail sales and the other US data being released this afternoon is somehow surprisingly good, I don't see GBPUSD dropping (much) further. The Coral on the H1 charts seems to be holding nicely, at least for now.

Given the news releases I will hold off until a clearer trend or break emerges.

What a snooze-fest today

Dont worry,I know what i am doing.I ended up gbp trading with decent profit.
Bwt, who cares about the U.S. economic data,their only real news is the revelation of the blame for the global crisis and the collapse of manipulative system.

The only reason I care about news at all is because it tells me when moves will likely take place. I really don't care why the market moves, for all I care traders could move the market based on how many cows are on a field

It's purely a timing tool...

Had a look at USD/JPY H4,

Swiched to H1 to have closer a look, is there something that could block it.. as it started blinking and falling.


Went to M1 and found this right in the development..
mh, i miss Scalping

Thats a joke or ??


Thats what i call perfect SL setting !?!

Rule 876: Never go into a trade at Friday, if elections are at the weekend. Also dont set such a gayish SL.

Even at M5 its looking weird..

And that's why I don't trade over weekends

Classic..

Yup...nice moves today...took a while to get moving though. Easy 70pips though, so I won't complain

I can not complain too.

wrong topic...