THV system, final edition | Page 39 | 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

  • #761
  • Dec 1, 2008 1:08pm Dec 1, 2008 1:08pm
Quoting TradeWell
I also use entry orders frequently because market orders are too unpredictable.
LOL. I think exactly the contrary on this one.
I've always wanted to set up pending orders (I only do that on my smallissimum live accounts on Oanda and Marketiva) but I prefer PA live, that is, though I plan and wait for the specific prices to come and then enter (and they usually do almost to the pip, so planning wouldn't be a problem) I am unsure of possible changes that could occur... and the only real data there is, is the present action...
  • #762
  • Edited 4:42pm Dec 1, 2008 3:09pm | Edited 4:42pm
Quoting doblece
LOL. I think exactly the contrary on this one.
I've always wanted to set up pending orders (I only do that on my smallissimum live accounts on Oanda and Marketiva) but I prefer PA live, that is, though I plan and wait for the specific prices to come and then enter (and they usually do almost to the pip, so planning wouldn't be a problem) I am unsure of possible changes that could occur... and the only real data there is, is the present action...
I hear what you are saying. I use entry orders when we are about to bounce or cross a fib or psych level. I anticipate, with THV, an entry that corresponds to entry as it will happen. For example, the pivot is near xx50 and PA has been rising and bouncing off the pivot. If THV rules are coming into place, I put an entry order just above (2-3 pips) the pivot. If it never crosses, no action taken. If it does I'm in. With a market order you might miss some pips if the first few seconds if moves come quickly. I also have to mention I am on satellite internet which has a 1-2 second delay so that has created problems for me. This tactic helps me get around that.
  • #763
  • Dec 1, 2008 4:46pm Dec 1, 2008 4:46pm
Is it my imagination or are the pivots really bunched up tight now?
  • #764
  • Dec 1, 2008 5:17pm Dec 1, 2008 5:17pm
Quoting TradeWell
Is it my imagination or are the pivots really bunched up tight now?
No, you're not imagining. They indeed ARE.
Usually when they show so tightly, runs are from one side to the other... (at least this is what I have seen).
  • #765
  • Dec 1, 2008 5:32pm Dec 1, 2008 5:32pm
Quoting doblece
No, you're not imagining. They indeed ARE.
Usually when they show so tightly, runs are from one side to the other... (at least this is what I have seen).
Yes, I was going to ask, how differently do we "play" them?
  • #766
  • Dec 1, 2008 6:23pm Dec 1, 2008 6:23pm
No idea of a particular difference except that more points might be touched... Just following the system and see where it leads us to
  • #767
  • Dec 2, 2008 1:48am Dec 2, 2008 1:48am
Quoting TradeWell
Is it my imagination or are the pivots really bunched up tight now?
Since the pivots are based on the range HLC of the previous day...yesterday Eur/Usd traded in such a tight range, hence we have tight pivots...It kind of makes the decision making process more diffiult becuase of the tightness between levels of S/R
Deprive a man of everything and you give him nothing to lose.
  • #768
  • Dec 2, 2008 4:52am Dec 2, 2008 4:52am
Hi there!
Dear CobraForex, any news about yoyr new template?
Thanks
  • #769
  • Dec 2, 2008 5:07am Dec 2, 2008 5:07am
Quoting fxairy
Hi there!
Dear CobraForex, any news about yoyr new template?
Thanks
Cobra told me he would be busy today and there may be delays in his responses. He will answer you eventually.
  • #770
  • Dec 2, 2008 5:13am Dec 2, 2008 5:13am
Quoting TradeWell
Cobra told me he would be busy today and there may be delays in his responses. He will answer you eventually.
Oh..!! Thank's!
  • #771
  • Dec 2, 2008 5:15am Dec 2, 2008 5:15am
OK I just took a loss. I entered just above 1.27 after price had tested that level. My stop was taken out at 2680. Price then continued past my original entry. I don't think THV was the problem - I think my stop loss was too close. Any comments?
  • #772
  • Dec 2, 2008 5:57am Dec 2, 2008 5:57am
Quoting TradeWell
OK I just took a loss. I entered just above 1.27 after price had tested that level. My stop was taken out at 2680. Price then continued past my original entry. I don't think THV was the problem - I think my stop loss was too close. Any comments?
As we discussed earlier, the market has been so sluggish and erratic the past couple of days, and therefore less predictable. I learned yesterday, as with similar times in the past - suggest one of three actions:
1. Set Stop Loss larger
2. Rely less on THV and more on some other "system" you might normally use for confirmation (different methods fit different times, I've noticed).
3. Don't trade until activity increases and gets more "THV-predictable"

I eventually chose option 3 yesterday, and pretty much of today thus far, although I have been able to close out a couple of old Longs I had outstanding. Now, I'm in good shape UNLESS price breaks to 2900.

My two cents, hope it helps.
Up or down, gimme a ticket
  • #773
  • Dec 2, 2008 6:17am Dec 2, 2008 6:17am
Quoting SpecialEd
As we discussed earlier, the market has been so sluggish and erratic the past couple of days, and therefore less predictable....
Good, thanks for the feedback. I guess I know all that but it's good to hear from someone else. I do use 2 systems and tend to stay conservative, but I think it was a conservative stop-loss that did me in. I usually don't take losses like that so I want to make sure I'm reviewing the trade fully. Now that I look at PA, it was quite quick and the top of a run up so there was a little bit of wildness to the swings. I am also now realizing I had not been awake very long and had not fully reviewed PA before thinking about trading. I always do that first thing, but I kind of rushed it this morning. It's the typical mistakes that always get you.
  • #774
  • Edited 6:29am Dec 2, 2008 6:28am | Edited 6:29am
Hello all:

I failed to check all 780 posts before I mentioned this, and to be honest I did not manually backtest this very far, but from what I saw - and user discretion is required - if you can see when the T3 crosses the hull on the 5 min chart and you look both ways before you cross...you usually are in a good position on the 1 min chart to get into a small position or larger. I know that sometimes the T3 crosses in and out - and that is what I mean by user discretion - perhaps it requires moving up to check the 15 min in THV - but in many cases, that cross in the 5 min is a heads up for a position in the 1 min.

I tried trading the Trix crossing, but to be honest, with you that was too risky for me.

Often enough using the 5 min cross for a proper THV trade in the 1 min will lead to 10 - 15 pips...which is decent on 1 min trades I think...

Again, I think perhaps many of you have mentioned this before, if so, sorry for the redundancy.

If anyone has been trying this, I would like to know how succuseful it has been.

Thanks,
Cashmeer
Deprive a man of everything and you give him nothing to lose.
  • #775
  • Dec 2, 2008 6:34am Dec 2, 2008 6:34am
Quoting cashmeer
Hello all:

I failed to check all 780 posts before I mentioned this, and to be honest I did not manually backtest this very far, but from what I saw - and user discretion is required - if you can see when the T3 crosses the hull on the 5 min chart and you look both ways before you cross...you usually are in a good position on the 1 min chart to get into a small position or larger. I know that sometimes the T3 crosses in and out - and that is what I mean by user discretion - perhaps it requires moving up to check the 15 min in THV - but in many...


wait a second...it's amazing how people love to restate what someone esle says in a different way and then act as if they came up with something novel !!!

When I thought about what I said....I realised afterwards that this is THE BASIC PRINCIPLE OF THE THV SYSTEM !!

Check a higher time frame and look for an entry on a lower time frame...

Hey y'all...what can I say...I thought it was an original idea...

Maybe not...

Anyhow, for reemphasis...the T3 cross of the Hull is a good indicator for a lower time frame..
Deprive a man of everything and you give him nothing to lose.
  • #776
  • Dec 2, 2008 6:40am Dec 2, 2008 6:40am
Quoting cashmeer
wait a second...it's amazing how people love to restate what someone esle says in a different way and then act as if they came up with something novel !!!

When I thought about what I said....I realised afterwards that this is THE BASIC PRINCIPLE OF THE THV SYSTEM !!

Check a higher time frame and look for an entry on a lower time frame...

Hey y'all...what can I say...I thought it was an original idea...

Maybe not...

Anyhow, for reemphasis...the T3 cross of the Hull is a good indicator for a lower time frame..
I'm glad you are getting your answers. You made a good point in your first post that THV requires user discretion. This is important for any newbie to understand - no system does it all for you. You will always need to watch and learn from PA.
  • #777
  • Dec 2, 2008 7:11am Dec 2, 2008 7:11am
Quoting TradeWell
Good, thanks for the feedback. I guess I know all that but it's good to hear from someone else. I do use 2 systems and tend to stay conservative, but I think it was a conservative stop-loss that did me in. I usually don't take losses like that so I want to make sure I'm reviewing the trade fully. Now that I look at PA, it was quite quick and the top of a run up so there was a little bit of wildness to the swings. I am also now realizing I had not been awake very long and had not fully reviewed PA before thinking about trading. I always do that first...
FYI, I am usually able to use S/L=20 pips with the THV system. Yesterday I was getting stopped out "left and right".

Edit: Tradewell, I doubt that there's much I know that you haven't already figured out. I posted the detail hoping it might help newbies. Have a good one.
Up or down, gimme a ticket
  • #778
  • Dec 2, 2008 7:14am Dec 2, 2008 7:14am
Quoting SpecialEd
FYI, I am usually able to use S/L=20 pips with the THV system. Yesterday I was getting stopped out "left and right".

Edit: Tradewell, I doubt that there's much I know that you haven't already figured out. I posted the detail hoping it might help newbies. Have a good one.
I didn't even try very much yesterday. It just wasn't flowing right for me.
  • #779
  • Dec 2, 2008 8:33am Dec 2, 2008 8:33am
Quoting TradeWell
OK I just took a loss. I entered just above 1.27 after price had tested that level. My stop was taken out at 2680. Price then continued past my original entry. I don't think THV was the problem - I think my stop loss was too close. Any comments?
Don't you wait for the retrace before entering a newly taken level?

A better entry would have been 1.2660 after it broke and retested the pivot...
  • #780
  • Dec 2, 2008 9:19am Dec 2, 2008 9:19am
Quoting doblece
Don't you wait for the retrace before entering a newly taken level?

A better entry would have been 1.2660 after it broke and retested the pivot...
Yes, sometimes. But in this case I was using a failed test of the xx00 level with a subsequent break through as a purchase point. This is based on the fractal system explained by Erol Bortucene. If you know that system, please let me know if I do not understand it properly. I use the break-retest method when using THV. Thanks for the tip on the 2660 entry. I saw that after the fact but wasn't awake yet for that one. I have been successful doing these test-break fractal trades of psych levels and assumed it would have been (and it was) a continuation up but my tight stop got me.
5 traders viewing now