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THV system, final edition

  • #821
  • Dec 3, 2008 6:08am Dec 3, 2008 6:08am
Hello everyone...

I just want to mention, that sometimes I am posting here to see and hear myself to reinforce to myself certain principles...I think that perhaps to the less experienced traders that maybe struggling...this maybe helpful as well.

As Cobra says...do your analysis...Today, I started to do that...and believe me, it makes a difference...

This is my 5 min...and I also used a 15 min analysis scratch board to take trades on the 1 min...quick trades...


After all, y'all we cannot really expect that with no additional work or analysis that a system is just going to RING when a trade is there...I know that would not work beucase I have been getting pulverized that way this week.

I am all about using the 5-15 min scratch board for my 1 min trades..

Let's keep this thread running for as long as it can go...

Thanks,
Cashmeer...
Attached Image (click to enlarge)
Click to Enlarge Name: analysis 5 min.gif Size: 27 KB
Deprive a man of everything and you give him nothing to lose.
  • #822
  • Dec 3, 2008 7:21am Dec 3, 2008 7:21am
I am curious as to why the Daily Pivots reading on the right hand side of my chart has differnt values than the pivot lines themselves with the exception of the FPV or PV...

If you can see the chart and the line values, can y'all tell me if I am registering around the same values as you all are. My broker is on EST and I got lost in the conversation about how we are calculating the pivots.

Any ideas and about the discrepancy on the pivot reader and the lines?

Thanks,
Cashmeer
Attached Image (click to enlarge)
Click to Enlarge Name: analysis 15 min.gif Size: 36 KB
Deprive a man of everything and you give him nothing to lose.
  • #823
  • Dec 3, 2008 7:29am Dec 3, 2008 7:29am
Those are Fibonacci Pivots (the lines), and the values probably Standard pivots? (are these in the FerruFx MTF indicator?)
On the other hand, maybe you don't have the same settings for the start of the day...
  • #824
  • Dec 3, 2008 7:33am Dec 3, 2008 7:33am
Quoting cashmeer
I am curious as to why the Daily Pivots reading on the right hand side of my chart has differnt values than the pivot lines themselves with the exception of the FPV or PV...

If you can see the chart and the line values, can y'all tell me if I am registering around the same values as you all are. My broker is on EST and I got lost in the conversation about how we are calculating the pivots.

Any ideas and about the discrepancy on the pivot reader and the lines?

Thanks,
Cashmeer
The chart of pivots matches up pretty closely with my standard pivots. The lines are indeed Fibonacci pivots, which calculate with a different formula, based on open/close of previous day or week, in this case day I believe.
Up or down, gimme a ticket
  • #825
  • Dec 3, 2008 7:46am Dec 3, 2008 7:46am
Quoting doblece
Those are Fibonacci Pivots (the lines), and the values probably Standard pivots? (are these in the FerruFx MTF indicator?)
On the other hand, maybe you don't have the same settings for the start of the day...
You know doblece...I do not know...cobra put this up as a scratch board for anlaysis and it is quite useful...but I do not know if the values on the right are supposed to correlate with the lines...are you using a chart like this as well? If so, are you registering the same values in the right daily pivot indicator?

I need to install this on another PC because there is a glitch on this one so I cannot pull up the indicator edit window...
Deprive a man of everything and you give him nothing to lose.
  • #826
  • Dec 3, 2008 7:48am Dec 3, 2008 7:48am
Quoting SpecialEd
The chart of pivots matches up pretty closely with my standard pivots. The lines are indeed Fibonacci pivots, which calculate with a different formula, based on open/close of previous day or week, in this case day I believe.
Here is a calculator which shows the formula for Fibonacci pivots (and on the right side menu there are all the other pivot points with their respective calculations):

http://www.mataf.net/en/tools/pivot-points-fibonacci

 

  1. Forex pivot points
  2. Woodie's pivot points
  3. Fibonacci's pivot points
  4. DeMark's pivot points
  5. Camarilla's pivot points


I believe the direct links went on when I copied the text

  • #827
  • Dec 3, 2008 7:56am Dec 3, 2008 7:56am
in the analysis zip file indicator folder cobra put up...it has the

FerruxFX Multi info..but I think that is for the MTF RSI indicator on the bottom right hand side...is that correct....

It also has the SDX-TzPivots_v3.1.mq4

I can open up the edit utility and under inputs it has the various values...I am wondering if I am on EST should the following be changed?


This is what was in the folder...I am not sure what is controlling the indicator on the right with the 7 values for +Daily Pivots +
Attached Image(s) (click to enlarge)
Click to Enlarge Name: SDI Settings.jpg Size: 133 KB
Click to Enlarge Name: analysis indicator folder.jpg Size: 76 KB
Deprive a man of everything and you give him nothing to lose.
  • #828
  • Dec 3, 2008 8:10am Dec 3, 2008 8:10am
Quoting cashmeer
You know doblece...I do not know...cobra put this up as a scratch board for anlaysis and it is quite useful...but I do not know if the values on the right are supposed to correlate with the lines...are you using a chart like this as well? If so, are you registering the same values in the right daily pivot indicator?

I need to install this on another PC because there is a glitch on this one so I cannot pull up the indicator edit window...
The pivots table of values comes from the FerruFx MTF indicator (which is the one that calculates and signals the UP and DOWN trend values). On the original template, the settings for the Pivot Box are set to "false" so I do not understand why they are showing on your chart, unless you have added the indicator manually to your chart and are not using the provided template...

Are you referring to the Meta Editor window? or to the Properties of Indicators? This can be edited in the properties directly under "Pivots Box".
The only settings that are true are the calculations (except for WAE, very important as this would give a looping error trying to find a non-existant external indicator) and the trend box which is the one I mentioned above.
  • #829
  • Dec 3, 2008 8:13am Dec 3, 2008 8:13am
Quoting cashmeer
in the analysis zip file indicator folder cobra put up...it has the

FerruxFX Multi info..but I think that is for the MTF RSI indicator on the bottom right hand side...is that correct....

It also has the SDX-TzPivots_v3.1.mq4

I can open up the edit utility and under inputs it has the various values...I am wondering if I am on EST should the following be changed?


This is what was in the folder...I am not sure what is controlling the indicator on the right with the 7 values for +Daily Pivots +
I'm just starting my day so excuse me if I missed something. It looks like you may not have the latest template. Maybe that would help.
  • #830
  • Dec 3, 2008 8:15am Dec 3, 2008 8:15am
Quoting cashmeer
I can open up the edit utility and under inputs it has the various values...I am wondering if I am on EST should the following be changed?
Your settings are showing a broker time at GMT+2, and start of the day (00:00 on your platform) at 00:00 EST. If this is correct, you should leave it that way. If your broker is not at GMT+2, you should correct accordingly (FxPro and FXDD are at GMT+2). If your broker indeed is at GMT+2 and you want to start the trading day at the official close of USA markets (17:00 EST) you should input "2" where it presently reads "-5".
  • #831
  • Dec 3, 2008 8:39am Dec 3, 2008 8:39am
Quoting TradeWell
I'm just starting my day so excuse me if I missed something. It looks like you may not have the latest template. Maybe that would help.
the latest template for the analysis chart or for the THV?

I used the template that cobra posted to Lylian or Julia or some woman...

Where can I get the latest template for the analysis?
Deprive a man of everything and you give him nothing to lose.
  • #832
  • Dec 3, 2008 8:48am Dec 3, 2008 8:48am
Quoting doblece
Here is a calculator which shows the formula for Fibonacci pivots (and on the right side menu there are all the other pivot points with their respective calculations):

http://www.mataf.net/en/tools/pivot-points-fibonacci[list][*]Forex pivot points[*]Woodie's pivot points[*]Fibonacci's pivot points[*][url="http://www.mataf.net/en/tools/pivot-points-demark"]DeMark's...
WOW nice!!! Thanks!
  • #833
  • Dec 3, 2008 8:48am Dec 3, 2008 8:48am
Quoting cashmeer
the latest template for the analysis chart or for the THV?

I used the template that cobra posted to Lylian or Julia or some woman...

Where can I get the latest template for the analysis?
cobraforex.com
  • #834
  • Dec 3, 2008 9:50am Dec 3, 2008 9:50am
Tradewell or anyone,

What do you have for the daily pivot today?

Thanks,
Up or down, gimme a ticket
  • #835
  • Dec 3, 2008 10:07am Dec 3, 2008 10:07am
Quoting SpecialEd
Tradewell or anyone,

What do you have for the daily pivot today?

Thanks,
1.2678 on ODL (london time broker)
  • #836
  • Dec 3, 2008 10:15am Dec 3, 2008 10:15am
Quoting cashmeer
You know doblece...I do not know...cobra put this up as a scratch board for anlaysis and it is quite useful...but I do not know if the values on the right are supposed to correlate with the lines...are you using a chart like this as well? If so, are you registering the same values in the right daily pivot indicator?

I need to install this on another PC because there is a glitch on this one so I cannot pull up the indicator edit window...
In Thv we trade Fibinacci pivots but it's good to know where the Standart pivots are located, it’s just an additional info.

BTW: you have the latest analysis chart, that won't change
.
  • #837
  • Dec 3, 2008 10:18am Dec 3, 2008 10:18am
Quoting cobraforex
1.2678 on ODL (london time broker)
Thanks Cobra. I actually use both regular pivots and fib pivots. My regular daily is 2679 today. I think that's off a midnight gmt close.
Up or down, gimme a ticket
  • #838
  • Dec 3, 2008 10:29am Dec 3, 2008 10:29am
Quoting SpecialEd
Tradewell or anyone,

What do you have for the daily pivot today?

Thanks,
1.2679 based on NY close.
  • #839
  • Dec 3, 2008 11:31am Dec 3, 2008 11:31am
Quoting cashmeer
and is there a way to determine which way to anticipate the following movement...that is to say...does one follow the trend on trix or on the chart or does one just wait for movement?

Please comment.

Thanks,
Cashmeer
If you examine your chart, you will see that the succession of Trix bottoms was gradually rising......
  • #840
  • Dec 3, 2008 11:41am Dec 3, 2008 11:41am
Quoting cobraforex
In Thv we trade Fibinacci pivots but it's good to know where the Standart pivots are located, it’s just an additional info.

BTW: you have the latest analysis chart, that won't change
.
Do you think we need to be displaying BOTH the Daily in addition to the Fibonacci pivots? And if so, what about mid-pivots? The chart could become so prolific with lines, it would be hard for the PA to NOT respond to at least ONE of them! (he, he)
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