1 Min THV Flag Trading

Thanks!
I just like going with the immediate trend and price coming to my stop order and the market opening my trade and market determining the outcome. I've second guessed myself out of to much money in the past. Most people cant handle a loss and they freak out. I'm up 18% this month with very little trading.

Imminent news and Support or resistance that has been hit and proved itself recently is the only reason I wouldn't take a trade in the London or US session.

Two Asian trades

Just closed London trade $120.00 or 2.4% gain. Off to work I go.

Happy trading
JTee1

looking for

Countertrend trade for .5% gain

@ JTee1 - The THV T3 v1.5 MTF is locking up my metatrader platform everytime I try to attach it to the chart....any suggestions?

Try this

Crystal Ball

Its still locking up my MT4 platform, and its showing a blank indicator window

Have you tried one of the other versions?

4 trade entry's on a ranging day. Perfect example of we are never guaranteed a trend continuation. All 4 were winners by the rules on a very ranging day. They were not large trades but they weren't losers either. Greed can be our worst enemy in trading.

JTee1

Why do you take away spread from your target ? for example you have a stop of 10 and a target of 8 ?


Best regards

The pulse or waves in the market are cyclical in nature. While nothing is guaranteed the retracements and pulse forward are typically a 1 to 2 ratio ( say 10 pips retrace then 20 pips forward this has to happen for a trend) and since my stop order is placed at a 1 to 1 ratio ( retrace say 10 pips then 10 pips forward I have 10 pips remaining to target. More then anything its my style of trading in and out with quick profit because nothing is guaranteed. I consider the spread as a cost of doing business. Just look at last Friday we will never be able to predict the absolute perfect entry or exit. But we took our profit out in the middle of a move. It is very easy to see missed profit when all the candles for the day are in front of you and you look back at the end of the day.

Looking back at all my trades there was plenty more to be gained by staying in and could still be profitable on a 1 to 2 ratio. It could be used for the breakout trade entry of all the sessions with a move to break even at the 1 to 1 win ratio and a trailing stop of the initial gain ( but trailing stops have taken most of my profit before). More then anything I wanted a concrete system that had rules that were definite and definable for me to do a statistical analysis on. Many traders will or do say I wouldn't have stayed in due to this or that and is to arbitrary. Why I have not taken trades due to my gut feeling and I was usually sorry because it went on to be a winner. When the price breaks the previous high or low its telling us where the market is headed, we just have to manage the trade.

My goal is not to have the largest trade but a steady profit progression.

Fridays have been the days I lose trades on, and I usually stay away from US session.

I hope this helps

I thout you must have harmony in market and that is when all are red or greeen but in post 511 when you trade there is one line in the bottom with a different color ?



Best regards

See rule 1 which is the upper mtf.

Post 511

Perfect example of why I get out with a 1 to 1 win ratio minus spread. first one just missed target but I got out with profit. It went on to hit target later!

1.2% or $61.00 Asian Trade

JT

Good work with the thread. Would be nice if your charts could actually make each price bar readable. I am sure I am missing something, but there must be a reason why they are zoomed out so much.

Been busy lately, put on a buy stop and left for work and here's the result.

JTee1