THV System Trades & Patterns Thread

btw. Oldy but..

I think i would ask Watson regarding EA..

Toranaga
I struggled for a lot over the years with unreliable connections. I decided MT4 is a sensitive and quite a hungry beast. Brokers seem to put their proprietary platforms first and will look to make sure that is stable before worrying about third party interfaces like MT4 that they cannot do anthing about. In the end I have decided that the only way to manage this is use MT4 for entry signals, and for management of trades ongoing, but always to have the brokers proprietary trading platform open in the background, even with a few simple moving averages on just as a backup to manage trades for those times when MT4 strats to wobble - which it laways does when the market moves quickly. I think the complexity of the charts we use for THV (especially if you use mini charts like those from pipware or Misspips indies) means there will always be a risk of performance issues or even the dreaded crash/disconnect. My final backup is the phone to close out everything if I think technology is having a bad day. I take the view if my trades are so sensitive they require split second or even in minute action to be profitable then I am probably trading badly/at too high a risk. The dilema for me is using stops as another protection against loss of service - I hate the idea of telling brokers in advance where they can get my trade.

Just my ha'penny worth :-)

Sound like you need some sleep to me!

Good advice by Revoli...I have Oanda's mobile platform installed too on my phone/tablet just in case MT4 ever breaks down (which has happened in the past).

Short EU
Entry after 1m Cloud was crossed from above, after:
1. PA retested S1
2. 1m and 5m Trix all red and crossed
3. MTF trix showed Trix 15m fast and slow, 30m fast and slow red
4. MTF cloud 15 and 30m red
5. 5m bearisch Divergence

exit (when screen was taken) after recognizing bounce from S2 and yL

out with +13 Pips

(iam still in learning phase, getting used to THV in combination with my trading style, have been reading the original thread until post 9900 and still reading) appreciate some critics and advices)

ExejeSen, you are a Mac user! I am too! Wish you a good luck.

What I love about THV is it really spells out what you should do......



Not sure why I was placing orders then? Even less sure why I managed a good day. Lack of discipline.

Not just that, it also works great with other systems...especially Ichimoku which I'm really starting to love.

THV + Kumo cloud + Tenkan Sen + Kijun Sen = perfection!

It even gives you take profit levels

New setup...just to show how THV works well with other systems

Some EURUSD thoughts...just so no one says I'm only posting in the EURUSD thread

Did not said that but thought about..










Joke..






Edit: The problem withe the €/$ Thread is that a lot of great posts 'disappear' within minutes in busy times..
You have to scroll back and filter out too too much, no time and muse for that.
Thats the reason why i visit is only occasionally..

$/Y D1

Interesting constellation. 'We' waited long for that..
(Also se W1)

As a example..

That could be a great discussion, but tomorrow when you read that, (if maybe..)
it will be somewhere buried.. within 200 post till then.

I actually think you're right...and I can prove it. Most trading nowadays is done by algorithms and HFT. Most of those programs trade solely based on charts, and not fundamental news...ergo, price largely moves due to price action on charts.

As for the EURUSD thread, yup, can get confusing. The way to do it is to hide all posts from people you consider "bad". I mostly use it to get opinions about price levels, and I have to admit, I learned a ton from the chaps in the thread.

Nothing like waking up to a 500pip gain. Glad I entered buy/sell stops before going to bed, and I'm really happy with my analysis at the moment

Taking the rest of the day off...

Good job, Ninja! Congretulations.

Thanks

Also, using the Tenkan or Kijun Sen as trailing stops is the absolute nuts! The only time I override it is if price overshoots massively and reaches crucial price levels...at which point I'll sometimes exit manually. Bit annoyed I had the "take profit at 100pips" option ticked 'cause I would have almost doubled my profit otherwise, but oh well, can't be too greedy

Forgot to mention:

THV is a great system, but you can really boost your income if you add some decent price level analysis. Personally I prefer Ichimoku, Centre of Gravity, dynamic Fibo and especially Murrey Math levels to figure those out. Plenty of indicators let you automate this, so it only takes 5-10min/pair to note down those levels...and they don't change every day. The way I currently do it, is to establish a pivot zone (sell below, buy above, sit on hands inside the zone) every night before going to bed. Don't pick a hard level (eg: 1.5125), use a ZONE...that will keep you out of a lot of difficult areas and trades. Once you have that, simply wait until THV lines up in connection with that price level analysis and aim for the price levels you established. Tenkan and Kijun Sen are great as "emergency stop losses" and often exit at pretty good levels on their own.

Nice going 4exninja. I too had laoded up on GJ late yesterday and did not set a TP so was pleasantly surprised to see my account doubled. Unfortunately this was only my demo account and I had to work quite hard to grab a decent number of pips for my live account in the small part of the day I traded. I am but a simple soul and will take any good THV signal that conicides with a support or resistance level, or a fractal breakout. There were plenty of those around today. I also took a flyer on the EurUsd going long at the bottom following a prompt from Sonic on his thread. Naughty as not my signal and should not have taken it. Would be interested in the price level analysis stuff. Any suggested reading? I need something to stop me trading any more, this party is going to last longer than me and concentration wanes.

Aside from THV, my first PA analysis focuses on Ichimoku, and the best site to learn about it is this one: LINK

I then use the following indicators to figure out other levels:

- Channel: SHI_channel_true
- Center of Gravity: Center of Gravity 1
- Fibo: JJN-Fibo
- Murrey Math: MurreyMath_History

To learn more about these, just google "Murrey Math", Fibonacci, Center of Gravity and "Price channels". I use daily and sometimes H4 charts to figure out those base levels and never use them on anything below H1. I only use shorter timeframes to time entries and then use THV and Ichimoku as my entry signals.

By the way, nice result you got there

Just be careful, because if you can increase your account by so much in a single day it's likely you're overleveraged. Depends on the size of your stop loss though. Based on a % basis I seem overleveraged too at first glance, but my average winner is 6.6x larger than my average loser, so it never really bothered me...I'm mostly after breakouts. I use Ichimoku's Tenkan or Kijun Sen as initial and trailing stops which works fine. It's just a matter of entering early enough. Alternatively you can try re-entering at a lower timeframe if you missed the boat, only if everything lines up though.

Thx 4ex, will read with interest. It's always good to read these things, knowledge is always useful. Application is the key. My live account only clocked 80 pips (only tee hee) the demo account is for non rule positions and hunches I would not dare trade live and yes leveraged higher than my 2% risk norm. Fun only.