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THV system, final edition

  • #701
  • Nov 28, 2008 11:35am Nov 28, 2008 11:35am
yes sir, but we have Christmas, cobra
Quoting cobraforex
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.
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #702
  • Nov 28, 2008 11:54am Nov 28, 2008 11:54am
Quoting ikki
yes sir, but we have Christmas, cobra
And many other reasons to have a dead bird.

I’m partying sometimes only because it’s Wednesday or Monday, it doesn’t matter, here we don’t need a particular reason to have a very good day with guitars and some good scotch.

That is the great advantage of Ecuador; the people take their time to have fun, not only me.

I’m sure, you as a Ecuadorian do the same, right?

  • #703
  • Nov 28, 2008 2:47pm Nov 28, 2008 2:47pm
Yeah, look this scotch, this I have in my bar.

I bought 2 bottles last week, because Correa have the idea rise the taxes.


Quoting cobraforex
And many other reasons to have a dead bird.

I’m partying sometimes only because it’s Wednesday or Monday, it doesn’t matter, here we don’t need a particular reason to have a very good day with guitars and some good scotch.

That is the great advantage of Ecuador; the people take their time to have fun, not only me.

I’m sure, you as a Ecuadorian do the same, right?
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What does not kill me makes me stronger. Friedrich Nietzsche,
  • #704
  • Nov 28, 2008 6:09pm Nov 28, 2008 6:09pm
Too many party and turkey talks in all the threads, well it’s weekend now.

Here a small trade on the retrace that I mentioned before.

We touched 61.8 Fib of the weekly bull move and the price bounced away, on THV confirmation I took the trade and TP (45 pips) at touch of my 60LWMA on 5M and didn’t wait until the price crossed the T3 line. That are exceptions of the rule.
I added the MA here as a violet line.

The 60LWMA on 5M is a resistance that mostly works well, in my web is a simple system that is based on that MA.

Have a great weekend all.
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  • #705
  • Nov 28, 2008 6:46pm Nov 28, 2008 6:46pm
Can you please be kind enough to tell which indicator plots that purple shadow on your chart. Thank you in advance.

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...
  • #706
  • Nov 28, 2008 7:16pm Nov 28, 2008 7:16pm
Quoting FXMajors
Can you please be kind enough to tell which indicator plots that purple shadow on your chart. Thank you in advance.
It's the Ichimoku Kinko Hyo.
The color setting is custom, 48,0,83.
The indicator parameters are 2-5-8.
  • #707
  • Nov 28, 2008 9:18pm Nov 28, 2008 9:18pm
Is it possible to have a Multi-timeframe Osma & THV T3 Trix Indicator
  • #708
  • Nov 29, 2008 2:42am Nov 29, 2008 2:42am
Hi,

who can program an alert to show when the hull change the color from red to green (when the color is yellow)?

thanks

LL
  • #709
  • Nov 29, 2008 5:01am Nov 29, 2008 5:01am
Quoting cobraforex
Too many party and turkey talks in all the threads, well it’s weekend now.

Here a small trade on the retrace that I mentioned before.

We touched 61.8 Fib of the weekly bull move and the price bounced away, on THV confirmation I took the trade and TP (45 pips) at touch of my 60LWMA on 5M and didn’t wait until the price crossed the T3 line. That are exceptions of the rule.
I added the MA here as a violet line.

[color=black]The 60LWMA on 5M is a resistance that...
Dear CobraForex, plz tell me, why u didn't enter here, look at picture.
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  • #710
  • Nov 29, 2008 5:44am Nov 29, 2008 5:44am
I can answer that one for you. The HULL was still red, trending down, the T3 had just crossed the hull but was in the cloud. Where cobra took the trade was exactly where he should have done, going by his own rules.
  • #711
  • Nov 29, 2008 7:54am Nov 29, 2008 7:54am
Quoting whitelily
Hi,

who can program an alert to show when the hull change the color from red to green (when the color is yellow)?

thanks

LL
No need to program, the next version, the V2 have that future included, still in beta prove.
  • #712
  • Nov 29, 2008 7:55am Nov 29, 2008 7:55am
Quoting keymaker
Is it possible to have a Multi-timeframe Osma & THV T3 Trix Indicator
In the TSD thread you find all kind of Multi timeframe indicators.
  • #713
  • Nov 29, 2008 8:02am Nov 29, 2008 8:02am
Quoting lynnette
I can answer that one for you. The HULL was still red, trending down, the T3 had just crossed the hull but was in the cloud. Where cobra took the trade was exactly where he should have done, going by his own rules.
Thank you Lynnette
You answer shows that you made your homework.

One additional comment, the price mostly try to touch important resistance or support twice before it breaks or bounce away, it depends on the strenght of the move. On the retrace you can observe it again but we also need to take in account that we had Friday and PA went almost to sleep.

Other than that you see a divergence on the red Trix line that makes the retrace even more sure.
  • #714
  • Nov 29, 2008 10:25am Nov 29, 2008 10:25am
Cobra, but it was you who said before you dont have to wait for the HULL to change colours because you might lose precious pips and i can give you few examples of entering on the cross which gave lots of pips - in this trade there was a pullback before the correction , a pullback you dont see each time(i remember 1-2 weeks ago when you took a counter trend right after the big move the first change of colours of the candle, a trade that looked very dangerous but you took it saying after such a big move there must be a correction, it looks just the same here when the blue line crossed the HULL).
To tell you the truth i still dont understand 100% when you enter and when not, i only know that you cant enter each time when blue line crosses HULL because it wont give such good results, you always explain the trade you take by PA of bigger TF, dont understand me wrong that is the way to trade and your 5min MA system is a great help for me but trading PA is not trading THV by the rules , There must be a combination of the two but you dont always trade exactly according to the rules so my point is THV in current version needs more filters or confirmations. what do you say dear man?
  • #715
  • Nov 29, 2008 11:09am Nov 29, 2008 11:09am
Quoting HUnter123
Cobra, but it was you who said before you dont have to wait for the HULL to change colours because you might lose...
I can give you my opinion while you are waiting for cobra. The THV system is a very simple system with very simple rules. However, as with any system, trader experience is important also. In addition, cobra recommends having another chart open to be able to see "normal" candles because the ones in THV are not usable for standard candle analysis. Of course, you should always include fibs, s/r and psych levels on the second chart (you may already know but i wrote that in case you or someone else didn't).

At times, for experienced traders, you can change the rules of THV to make it more aggressive (and risky). For instance, you can make your trade before the blue line crosses the hull and after the candle crosses the blue line. Again, that is risky, but an experienced trader could make it work. A trader could even add other rules, as I do, depending on experience and risk tolerance. My additional rules makes it more conservative.

The point is, as you say, you can always add more confirmations which makes the trade more or less conservative. However, these are not added to THV because it goes back to the problem of the different candles. Fibs need to be drawn with normal candles and those plus the candles themselves could not be placed on the same chart.

cobra can probably give you more tips but no indicators will be a substitute for experience and THV can't become so cluttered with extra indicators that less experienced traders can't use it. THV was intended to remain "clean" and simple. Perhaps you could add any suggested indicators yourself to your THV template, thus it is your own customization. However I don't know how you would add the normal candles.

I am not so experienced so maybe someone who is can add something more of value to you.

Good luck and keep trying.
  • #716
  • Nov 29, 2008 11:18am Nov 29, 2008 11:18am
Quoting HUnter123
Cobra, but it was you who said before you dont have to wait for the HULL to change colours ?
I was also the one that said that the best trades occur when the T3 and hull are closed before the entry signal.

It depends on the situation, I trade the 1M and 5M since two years on E/U and with the time I got the feeling when to do what.

I can do the same thing with a naked candlestick chart with pivots but the THV give us more security and confidence on the trades, it avoids to catch the top/bottom or falling knife and let us enter when a new trend - depending on the TF - is formed.

That reduces the quantity of trades but on the other side you have a better hit rate.

Before using THV I took daily about 50 to 60 trades, today I,m taking only 5 to 10 with a hit rate of about 80%.

We are working on a new template, the V2 version that may be eliminates the actual hull and is a mix of the 5m 60MA and THV system.

I was trading this week the E/y and found out that the hull doesn't let you easily re-enter in the continuation of a trend; that made me to eventually change the template a bit.

Please have patience until we are ready to release that V2 version and trade the actual V1 that works flawless. We (4 beta test traders) still don't have enough forward tests to give green light to this eventual change.

BTW: Sorry for the delay but I was unable to enter in FF for almost an hour.
  • #717
  • Nov 29, 2008 11:21am Nov 29, 2008 11:21am
Quoting cobraforex
No need to program, the next version, the V2 have that future included, still in beta prove.
I am wondering if an encoded alarm can be customized. I noticed that with pre-programmed alarms they only deliver the the alarm one way (like pop-up text). I would like to make it be a sound alarm or even an email alarm so I can ring my cell phone. I sleep during first half of London so I currently program a price alarm to wake me but half the time it is a "false" alarm. I don't know if this can be done (maybe doblece knows) but is it possible to encode a custom alarm so that it has an option to employ different types of alarms (mail, sound, text...etc) that can be chosen by the user? I would be willing to do the coding myself. I am not experienced in mq4 but I have done programming in the past and am willing to learn some syntax to get it done. I just don't want to spend time on it if it can't be done as I still need to spend much of my time learning to trade better.
  • #718
  • Nov 29, 2008 11:23am Nov 29, 2008 11:23am
Quoting TradeWell
I can give you my opinion while you are waiting for cobra.
Good luck and keep trying.
Thanks TW, nothing to add.
  • #719
  • Nov 29, 2008 11:23am Nov 29, 2008 11:23am
Quoting TradeWell
However I don't know how you would add the normal candles.
On the template the chart graph is configured to "line graph" and color set to none. If you want to add normal candles (though it would look quite messy) just change the style to "candlesticks" in the program menu.

Good post, BTW.
  • #720
  • Edited 12:01pm Nov 29, 2008 11:25am | Edited 12:01pm
Quoting TradeWell
I am wondering if an encoded alarm can be customized.
It will come with everything you mentioned.
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