THV System Trades & Patterns Thread

USDCAD ftw...super predictable too since it wasn't likely their national bank would revise the interest rate

On a side note: From now on I will check the M1, M5 and M15 charts whenever things line up in H1...should net me more pips next time.

4 days later H4.

EUR/GBP D1

Not realy clear at the moment, but worth to stalk it..

I think most EUR and US pairs will be calm today in anticipation of tomorrow's news releases. Pairs I'm interested in today include USDCAD (really close to parity) and GBPUSD (will the H4 coral serve as new support...or will the down trend continue?). I think we're already too far up for EURGBP to risk going long, I wouldn't buy in before the next dip.

Did not wanted to post predictions. Im more for a nice short at this point, he he
but till now not a 100 % Signal. Have to wait.

Yeah, a bit of a reversal is overdue. Having said that, I think the EUR will outperform the Pound in the medium term, so my main strategy for that pair is to buy into dips as long as the medium term outlook stays the same. Living in the UK I can tell you things aren't looking all that bright.

Having said that, no harm in taking advantage of a couple of short term reversals...even if they are likely short-lived.

Also, can that damn 1.0000 USDCAD level finally break please? Still waiting for my first trade today...

Its true. I oversaw it. WPV 1.5811 and there we are.

Its about H4 50:50 chance bias short imo..

On the other side D1 looks slightly bullish so.. hmmm. No clue, we will see..

The one thing to note is that the EUR seems to cope better with bad news than the USD at the moment...which makes me think the long bias is still valid (especially given the bad US GDP). Overall markets seem pretty asleep today. Everyone's waiting for tomorrow's news release I guess.

I recon EURUSD will continue its sleepy downwards correction (as a breather) before attempting to push towards 1.3670ish (and maybe beyond).

A valuable thread here Toranaga et al. Sad to see that Misspips no longer feels she can post. Hopefully she is still lurking around collecting pips for herself on the quiet.

I am only really trading M1 and M5 on EurUsd,GBPJPY,EURJPY and USDJPY with THV. I generally do not trade and post at the same time so this morning I am reading and posting but for what it's worth here's my analysis this morning. I did not trade this as not feeling great today and may need to go and crash out so staying on the sidelines and reading and posting for a change but thought I would share the sort of way I am currently using THV after about 6 months of trial and error to find what works for me. I have both live and demo accounts running.

Given the strength of the uptrend I am biased towards a retest of the highs and may trade that in the US session later today - we shall see what the charts tell us.

Out of interest how have you found THV for your H4 and D1 trades?

Having said that I did get in on EURUSD at 136.25 a late and rather poor entry for me which fortunately is running away with me....

edit: Given the M5 trix is below the zero line I took profit on all 4 pairs once I had exceeded my daily target and will probably stay away now until 12 noon GMT

Pretty sweet night

AUD PPI came in worse than expected...right followed by bad Chinese data which further hammered the AUD. I went short AUDUSD and long EURAUD for a nice chunk of pips.

Rollercoaster day...glad I disabled my automatic stop loss and monitored stuff manually.

Bought EURUSD at 1.3660 just to see it crash by 60pips...but I stayed in thinking that unless the Coral on the H1 chart is broken the uptrend will likely continue. I also bought another 0.5 lots at 1.3605 once the down spike seemed over. Overall a pretty sweet 135pip day...but my nerves are still buzzing. That 60pip drop freaked me out as hell before I realized that it's probably just going to retest the 1.3600 level.

Wouldn't be surprised to see another correction before the EUR heads further north. Happy weekend ppl

hmmm.

Aud/Nzd at the moment.

What could also led to a nice M5 short,
but not with this ridiculous 5.9 pips Alpari spread.
Thats the Micro account for long term trades. I scalp over Dukascopy..

I guess the big EURUSD retracement (or even trend change?) caught some people by surprise

If it breaks through 1.3480 it's likely to hit the 1.3400...on the upside, if we bounce back above 1.3550 and stay there it's likely to retest 1.3700 after battling with 1.3600 again.

Right not I expect EURUSD to trade a bit lower before rebounding.

AUD news to hit in 30min and then again 3hrs later!!

How you been Toranaga? I changed my approach a bit lately. I first check the D1 and H4 trends...and then enter based on H1 IF my trade is in the same direction as the long term trend. If not I'll use the H1 chart and then drop down to M15 for perfect entries. Sadly my RL job prevents me from trying option 2 all that much, but at least I'm more often in line with the overall trend

EMA 220 Shift 2.



Had a party when i discovered the power of..

Ema220

But you are right.

I was focused on Eur/Gbp Stalked it the whole last week. Lost the €/$ view.
Was to early with my short and lost a lot of money. Or did i only took the SL to tight.. hm

Now its seems its time for a great D1 short, what also suggest a 50-150 pips €/$ short

We will see.

€/$ D1

Great short possibility if i (try) to wait another 1-2 days for the confirmation.

Entry below 1.3460 or so...

H1 try..

Tip:

1) Go to the H1 chart and draw a horizontal line at the very tip of the Coral...mine is yellow.
2) Do the same on the H4 chart...mine is orange.
3) Do the same on the D1 chart...mine is red.

Yellow > Orange > Red = up trend
Red > Orange > Yellow = down trend

To confirm a reversal, the yellow line has to cross the orange line...and if everything else lines up your target should be when the yellow line hits the red one. You can "abuse" your orange line as a broad stop loss too if you want. If the orange and yellow lines are really close together you should play close attention to PA

Might work on lower TF as well, but I haven't tested it. Seems to be a very simple (but effective) way of figuring out trend directions and confirming reversals. Of course you could do it for all timeframes (above M15) and draw a pretty rainbow...but lately I'm focusing a bit more on the longer TF.

Very tempted to have a programmer draw those lines automatically for me. Hope you lot captured the blitz move up in EURUSD this afternoon

PS: Thx for the EMA 220 tip...I'll give it a try

Sample below (oh look, seems like there's a chance the yellow line might break out to the downside):