THV System Final Edition Basic Edition ~ can we choose forex trading as a lifetime business
THV System, Final Edition & Basic Edition
May I violate the rules of the system when I trigger another buy or sale signal?
A: yes you may, that depends on your trading skills. For example trading a long after touching first time an important support would be a reason after confirmation, but it has nothing to do with the system.
Trading the THV you should wait for all parameters confirmed.
Sometimes I see a clear entry signal and take the trade, after a move of some pips my trade goes in red pips, what is the reason?
A: No system is perfect, that are those trades that we need to cover with a good MM.
What is the SL for the THV system?
A: that depends on the TF you are working, as higher the TF as higher your SL.
You may declare me crazy but I don’t use system based SL while trading my favorite TF, the 1M. I lost more money on Brokers SL hunting than in bad positions. I have 50 pips fixed and a mental SL that I execute manually.
Where I should set the SL?
A: Find the amount of pips you are agreeing too lose depending on your MM, it should be set always some pips above or below important S&R lines.
This system don’t show the shadows of the HA candles, how I can make to show them up?
A: It is recommended to have a separate chart with real candlesticks on 4 different TF’s open to take additional trading decisions, the shadows in the THV are not shown for better overview, if you insist, you can go to the HA properties and color the 1 and 2 settings.
I worked some weeks with the system and don’t need the rules shown on the chart anymore, how to delete?
A: Right click on your chart, select indicators and delete the L THV indicator, right click again on chart, go to Object list and delete all objects named THV there, ready.
May I add more indicators to the system?
A: yes you can if you feel more secure but the system is made to have a clear, fast and stress less view to take a fast and correct trading decision.
As more stuff you need to look at as slower your decision.
What is the trading direction to avoid counter trend trades?
A: The trading trend depends on the TF you are working with, in a 4H downtrend you find a lot of up and down trends in smaller TF’s. you should look to 15M and 1H if you trade the 5M to definite the trade direction.
How long should I train myself on THV before going live?
A: I would suggest for newbees to trade at least 2 month with positive results before trading any system live.
Experienced traders will need may be less than a week to get firm on it.
I hate to baby-sit the monitors waiting for a perfect entry, I want more action, may I go to hunt some pips on 1M?
A: The 1M THV chart is for extreme scalping only and needs excellent trading skills, I don’t recommend it for newbees, if you want the action you might want to do it on a Demo account until being 100% sure to be profitable on that TF.
What is the best time to trade the THV?
A: The THV is a trend system and works best on high volumes during London and NY overlapping session but lately you have strong moves on the Asian session as well.
What pairs are the best to trade the THV?
A: all fast moving currency pairs, each pair has a different character and I would suggest trading it primary on you favorite pair, mine are the E/U and AUD/USD.
What is the best pip value trading THV?
A: that depends on your account equity; we don’t want to risk more than max.1 to 2% each trade. Let’s say you have a 5k account and accept to lose 1% each bad trade you can lose 50$, divided by for example 50 pips SL on 15M TF you get a 1$ pip value.
In my website you find a MM calculator to find your best value.
What else I should be aware of trading THV?
A: All systems need good basic knowledge of FX, a system is like the hammer for a carpenter, if he doesn’t use it well he will always have bloody fingers. I recommend visiting the web page from acumen, he is a experienced trader and teaches Pivots, R&S and psych levels, a good page to get better trading skills.
Very important: never get motioned from other trader’s calls, only trade what you triggered by yourself, it is the only way to learn mastering your system and be successful.
During trading I never post or do anything else than concentrating my small brain on my chart.
Spend some bucks and time on trading education; it will be the best inversion for your FX business.
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