41# THV V4 Trading System
many traders use it in higher time frames. We, the THV team proved it only on 1M and 5M. The 1M TF is only for extreme scalping and needs good FX
The main THV Cobra V4 rules:
Above Coral only long, below Coral only short
Price crosses cloud - both Trix cross each other and have the same color.
Best and most secure trend confirmation is a cross of the fast Trix on the zero level.
Faster Trix changes color and/or touch of a known good resistance/support level.
Other reasons to take profit can be:
Touch of a trend line, resistance or support line, horizontal psych level (00 - 20 - 50 - -80) or a black cat that cross your
please set your stop loss according to your money management plan, as higher your TF that you trade as lower you set the pip value and as higher the Stop Loss, also it depends on the currency pair that you are trading.
Manual THV V.3 Trading System
Share your opinion, can help everyone to understand the forex strategy.
THV Cobra System with SR and Trend line update
I noticed that adding price action filter with support, resistance and trend line reduces false signals, improving the profitability of this winning system.
100pips day scalper buy signal.
Price bounce on the support and the trend line pointing upward and is below the candle of price.
Trix indicator has two green line.
100pips day scalper sell signal.
Price bounce on resistance and the trend line pointing downward and is above the candle of price.
Trix indicator has two red line.