THV system, final edition | Page 35 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

THV System Trades & Patterns Thread 857 replies

THV 4 system with SAH; My Trading Journal 163 replies

Bow's trading journal (THV, Hmaoui simple system) 4 replies

My Journal - Based on THV V3.0 by Cobraforex 30 replies

the vouchers - THV System 2 replies

Attachments: THV system, final edition
Exit Attachments

THV system, final edition

  • #681
  • Nov 26, 2008 10:03pm Nov 26, 2008 10:03pm
Quoting traderathome
Yes, that is something interesting. And with the TzPivots it is easy since the indicator uses GMT as the base and references both the source (MT4 server) and destination (our choice, which is the point here) from the GMT base.

If I want to experiment with setting up for the Asian session, basing it on Tokyo time (GMT +9 hrs), all I do is use the settings +2, +9......+2 since Metaquotes MT4 server is on that time, and +9 since Tokyo is nine hours ahead of GMT. Anyone, no matter where they live, if they are on the MT4 GMT +2 hrs server, can use...
A person could even run the indicator with one set of settings and use MT4 to place horizontal lines at key levels indicated. Then run the indicator with the second set of settings and manually place some more lines. Then run indicator with third set of settings and manually add the last of the important lines. Remove indicator and you have all the important pivots from each session.....Asian, London, US.

A great programmer could make an indicator to do this based on the coding in Tz............, but not me.
  • #682
  • Nov 26, 2008 10:03pm Nov 26, 2008 10:03pm
Quoting Dansnali
I do use the system.
Not only this system but I do use it when there is a decent range happening and it makes money like a printing press.

I just wanted to comment on Pivot points.

You guys are missing the somewhat obvious.

The answer is there is NO right answer. Going by action forex
doesn't make it right or wrong. I made a chart for EU and I added pivot points
at several different close/start times and guess what. (daily pivots btw) I followed price and watched what price did at the pivots.

Here is what I found.

1. The 5pm EST Close is...
You bring up some good points. In fact, that reminds me of a chart Trade-Hedge posted which had something called a "float-pivot" on it:
http://www.forexfactory.com/showpost...ostcount=46588
It looks like the pivot is recalculated and plotted continuously. I thought that made more sense. Does anyone have experience with it?
  • #683
  • Nov 26, 2008 10:10pm Nov 26, 2008 10:10pm
Quoting TradeWell
You bring up some good points. In fact, that reminds me of a chart Trade-Hedge posted which had something called a "float-pivot" on it:
http://www.forexfactory.com/showpost...ostcount=46588
It looks like the pivot is recalculated and plotted continuously. I thought that made more sense. Does anyone have experience with it?
I don't. And when I clicked on the link and expanded the chart....WHAT A MESS! Needless to say, AND NOTHING FLOATED.
  • #684
  • Nov 26, 2008 10:10pm Nov 26, 2008 10:10pm
Quoting Dansnali
Here is also an example of where price is now and how two pivots that i just mentioned are BOTH effecting PA.

Time for me to get some sleep. Might be an idea to have BOTH pivots on the chart and maybe even the 12 EST one especially with scalping. You want to see all the angles and they wont clutter things too much since usually used on such a small timeframe (window area)

just my 2 cents.. later
Good example.
  • #685
  • Nov 26, 2008 10:20pm Nov 26, 2008 10:20pm
Quoting traderathome
I don't. And when I clicked on the link and expanded the chart....WHAT A MESS! Needless to say, AND NOTHING FLOATED.


Ignore all the junk on the chart. There is a green curving line in the middle, between two yellow curving lines. I like the idea of how the pivot is changing, is fluid, and is not something that changes suddenly at one moment in time.
  • #686
  • Nov 27, 2008 2:11am Nov 27, 2008 2:11am
CobraForex, what about new template for analysis trend, fib's levels etc ?
Thanks
  • #687
  • Nov 27, 2008 5:24am Nov 27, 2008 5:24am
hello Cobra, just wish to thank you and all that have contributed to your system and post ..I have been around for a while but I struggle to get my old head around all the tech stuff but have just got the THV loaded and it is looking good
thanks again and cheers from Oz,
Allan J
  • #688
  • Nov 27, 2008 7:26am Nov 27, 2008 7:26am
Quoting fxairy
CobraForex, what about new template for analysis trend, fib's levels etc ?
Thanks
A new template is not needed. It is all included in the current template. You probably also want to have a separate chart open to draw your own fib lines and trendlines though.
  • #689
  • Nov 27, 2008 8:26am Nov 27, 2008 8:26am
Quoting TradeWell
A new template is not needed. It is all included in the current template. You probably also want to have a separate chart open to draw your own fib lines and trendlines though.

He (CobraForex) knows what I ask. Support template for large TF (for example M15). This is a cobra does not apply. Read my earlier posts, what about I talked with him.


Juliya

  • #690
  • Nov 27, 2008 8:57am Nov 27, 2008 8:57am
Quoting fxairy

He (CobraForex) knows what I ask. Support template for large TF (for example M15). This is a cobra does not apply. Read my earlier posts, what about I talked with him.


Juliya

OK, sorry.
  • #691
  • Edited 5:07pm Nov 27, 2008 12:31pm | Edited 5:07pm
Quoting fxairy
CobraForex, what about new template for analysis trend, fib's levels etc ?
Thanks
Here the analysis chart that I promised you.

It’s a little over complete but you can take off what you don’t use (less the RSI).

It includes a Fibonnaci Pivot, RSI, Multi TF RSI, Daily Pivots (different than Fib pivots), a 60LWMA and the FerruFX trend meter.

Read about RSI here: Investopedia RSI

In this template you draw your trend lines HL, Fibs etc.
Best for day trading is the 15M but switch frequently to higher TF’s to see the bigger picture.

Attention please
To avoid misunderstandings, this is only an additional analysis chart and has nothing to do with the THV chart, neither replace the THV !!!


Happy Thanksgiving day to all
Attached Image (click to enlarge)
Click to Enlarge Name: analysis.gif Size: 27 KB
Attached File(s)
File Type: zip analysis.zip   172 KB | 2,289 downloads
  • #692
  • Edited 3:17pm Nov 27, 2008 2:54pm | Edited 3:17pm
Quoting cobraforex
Here the analysis chart that I promised you.

It’s a little over complete but you can take off what you don’t use (less the RSI).

It includes a Fibonnaci Pivot, RSI, Multi TF RSI, Daily Pivots (different than Fib pivots), a 60LWMA and the FerruFX trend meter.

Read about RSI here: Investopedia RSI

In this template you draw your trend lines HL, Fibs etc.
[color=black]Best...
Wow !!!! Cool! Thank you !!! You are so great !!!!!!!!!!!

I love, adore men who do that promise.



Juliya
  • #693
  • Nov 27, 2008 3:41pm Nov 27, 2008 3:41pm
Cobra.

GREAT stuff again, will install it and update you on the results.
  • #694
  • Nov 27, 2008 6:56pm Nov 27, 2008 6:56pm
For both the THV and Analysis system, do you wait for the candle completion or will you enter as soon as conditions are met?
  • #695
  • Nov 27, 2008 7:07pm Nov 27, 2008 7:07pm
Quoting et_phonehome_2
For both the THV and Analysis system, do you wait for the candle completion or will you enter as soon as conditions are met?
The analysis chart is nothing else than a candlestick chart to draw your TL, HL, Fbs etc.
I don’t see it as a system.

THV doesn’t use an exactly price entry, it is more to understand as a trigger zone, that is defined in the entry rules in post one. If this zone includes Pivot lines or psych levels etc., it is necessary to wait for the entry until those levels get broken and retested. If there is no such resistance in the area just go ahead with the rules.

If you see strong candles before they pass the T3 line you might not want to wait to get the confirmation candle to be closed, it depends a lot on how secure you are on that trade and what are the circumstances that caused that trend.

Hope that helped
  • #696
  • Nov 28, 2008 8:31am Nov 28, 2008 8:31am
I didn't see many posts today...I think y'all are all glued to the screens making as many pips as you possibly can...I think this was one of those days...unfortunately I did not get to trade until just now...and when I did...and there was the perfect setup - even though cobra may say that it was too close to a pivot point - I ended up chickening out with about 10 pips instead of taking out the 40 that the EUR was prepared to give me...that's forex...we hate to lose more than we love to win... Just wanted to show you my screen to get a confirmation that it was a good setup.
Attached Image (click to enlarge)
Click to Enlarge Name: 1 min - eur - usd.jpg Size: 168 KB
Deprive a man of everything and you give him nothing to lose.
  • #697
  • Nov 28, 2008 8:55am Nov 28, 2008 8:55am
Quoting cashmeer
I didn't see many posts today...I think y'all are all glued to the screens making as many pips as you possibly can...I think this was one of those days...unfortunately I did not get to trade until just now...and when I did...and there was the perfect setup - even though cobra may say that it was too close to a pivot point - I ended up chickening out with about 10 pips instead of taking out the 40 that the EUR was prepared to give me...that's forex...we hate to lose more than we love to win... Just wanted to show you my screen to get a confirmation...
Yes it is.
Quite close to Fib S3... but T3 goes very close to Hull, and the strength of the previous long move down would give more chances to follow on.
The previous entry at about 1.2760 was good too... and maybe more appropriate because just below the resistance and thus more space to go down to the next pivot point. If taken you could have set your S/L there after a few pips and ride it down stress free...
  • #698
  • Edited 9:25am Nov 28, 2008 9:12am | Edited 9:25am
Quoting cashmeer
I didn't see many posts today...I think y'all are all glued to the screens making as many pips as you possibly can...I think this was one of those days...unfortunately I did not get to trade until just now...and when I did...and there was the perfect setup - even though cobra may say that it was too close to a pivot point - I ended up chickening out with about 10 pips instead of taking out the 40 that the EUR was prepared to give me...that's forex...we hate to lose more than we love to win... Just wanted to show you my screen to get a confirmation...
After getting 10 pips you can take some profit, move your stops to entry, then you have assured no loss.

edit: I think doblece just said that - in different words.
  • #699
  • Nov 28, 2008 10:30am Nov 28, 2008 10:30am
Quoting TradeWell
After getting 10 pips you can take some profit, move your stops to entry, then you have assured no loss.

edit: I think doblece just said that - in different words.
Cobra must have had too much of "the good stuff" last night (and I ain't talking turkey!). Haven't seen him today.

Just wanted to say hats off again to the crowd that keeps this thread going. I've been digging my way out from under some bad shorts this week. Still not out of the woods, but I can certainly vouch for the THV system. Solid at various timeframes.

Thanks to all of you again, and have a good weekend.
Up or down, gimme a ticket
  • #700
  • Nov 28, 2008 11:14am Nov 28, 2008 11:14am
Quoting SpecialEd
Cobra must have had too much of "the good stuff" last night (and I ain't talking turkey!). Haven't seen him today.

Thanks to all of you again, and have a good weekend.
Nothing like that, but wish I had, lol.
Here in Ecuador they don’t celebrate Thanksgiving.
Still trading, yesterday I didn’t take a single trade and today I needed to make 80 pips to get my book filled, still trading the retracement.

Have a great weekend.
3 traders viewing now, 1 is registered:
cuogzuzu