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THV system, final edition

  • #841
  • Dec 3, 2008 9:55am Dec 3, 2008 9:55am
On CD's original template, the Entry and Exit rules are posted on the upper right side of the template. How Do I get rid of these while leaving the price quote there?

Thanks
Without vision, the people will perish.
  • #842
  • Dec 3, 2008 10:08am Dec 3, 2008 10:08am
Quoting traderathome
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)
Lately I've had to hunt around to see what PA would respond to. I do not put the daily pivot or fib pivot on my THV set-up. Instead, I have them on a H4 tf set-up that I use just for trend, pivots and sweetspots. Using your "fib levels" indicator and sdx-tzpivots indi, I show fib pivots on the left of the screen and regular on the right.

I would show a chart, but when I saved it, it did not show the entire picture. Hope you understand.

I like to keep THV as "clean" as possible. The only thing I have other than Cobra's recommended stuff is the "Support and Resistance" indicator, which helps me a lot.

My 2 cents.

Edit: I use mid-points too. I don't trade from that screen; only use it for analysis (either to confirm an entry or exit plan). I go back to THV M5 and M1 for entry.
Up or down, gimme a ticket
  • #843
  • Dec 3, 2008 10:10am Dec 3, 2008 10:10am
Quoting traderathome
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)
I hear you. Sometimes I don't want so many lines. I think the main ones are good but I don't know about adding standards. Especially yesterday when the pivots were already so close together. But I will concede if it really makes a difference. Just trying to keep my charts clean.
  • #844
  • Dec 3, 2008 11:52am Dec 3, 2008 11:52am
Quoting traderathome
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)
No, please.
I only trade the Fib Pivots, the Standart pivots are an additional information in form of a label on the right hand side of my analysis chart, that's more than enough.
  • #845
  • Dec 3, 2008 11:55am Dec 3, 2008 11:55am
Quoting bythepound
How Do I get rid of these while leaving the price quote there?

Thanks
First page Q&A
  • #846
  • Dec 3, 2008 12:59pm Dec 3, 2008 12:59pm
Quoting cobraforex
No, please.
I only trade the Fib Pivots, the Standart pivots are an additional information in form of a label on the right hand side of my analysis chart, that's more than enough.
I agree!
  • #847
  • Dec 3, 2008 3:31pm Dec 3, 2008 3:31pm
Here is a thought process that I went through on a trade this evening. I probably shouldn't have been trading with such small volume. Thanks again Cobra for insisting that with use the analysis scratch board. It makes all the difference...



what was funny was that...instead of setting my entry to S/L, I sat there and watched after waiting for what seemed to be hours because of the slow movement in low volume, at about + 6 pips...my wife called me on the cell phone, from upstairs, which means HURRY UP! and I closed the trade, literally seconds before it dropped 10 - 15 pips and continued to drop without every approaching the entry point.

I am not too upset. What's important for me, atleast, is that working the analysis scratch board and looking for other indicators like divergence is really helping me...

THANKS TO Y'ALL !!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: analysis 5 min bounce .gif Size: 36 KB
Click to Enlarge Name: eur usd 5 min - divergence.jpg Size: 123 KB
Click to Enlarge Name: eur usd 1 min - from analysis.jpg Size: 115 KB
Deprive a man of everything and you give him nothing to lose.
  • #848
  • Dec 3, 2008 3:39pm Dec 3, 2008 3:39pm
what I mean is that would y'all have waited.

I was thinking that I probably should have waited on the 1 min for all the criteria to fall into place i.e. T3 Cross - Red Hull - PA undercloud etc...

Maybe I should not have entered after the T3 crossed Hull...?

Any thoughts?
Deprive a man of everything and you give him nothing to lose.
  • #849
  • Dec 3, 2008 6:13pm Dec 3, 2008 6:13pm
I know that these messages are probably not useful for the likes of cobra, doblece, tradewell, traderathome etc...but they might be for the others...

It is only really sinking in after pratically rereading through the entire thread of THV that the analysis chart or any scratch board is absolutely necessary as a supplement or basis for the THV system...

For those of us that have had some difficulties using THV profitably, I refer us back to post # #75...draw your t/l and stuff...

I post the two charts I was using waiting for a trade...then went out of the room..but look at how things materialised...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: analysis 5 min break out.GIF Size: 38 KB
Click to Enlarge Name: eur usd 1 min - from analysis - breakout.jpg Size: 117 KB
Deprive a man of everything and you give him nothing to lose.
  • #850
  • Dec 3, 2008 6:30pm Dec 3, 2008 6:30pm
Quoting cashmeer
I know that these messages are probably not useful for the likes of cobra, doblece, tradewell, traderathome etc...but they might be for the others...

It is only really sinking in after pratically rereading through the entire thread of THV that the analysis chart or any scratch board is absolutely necessary as a supplement or basis for the THV system...

For those of us that have had some difficulties using THV profitably, I refer us back to post #...
I'm really glad the you showed that to us. It's always good to get another trader's perspective. You provided good detail. And I would say it's validated - I actually took that trade.
  • #851
  • Dec 3, 2008 6:59pm Dec 3, 2008 6:59pm
Quoting cashmeer
I know that these messages are probably not useful for the likes of cobra, doblece, tradewell, traderathome etc...but they might be for the others...

It is only really sinking in after pratically rereading through the entire thread of THV that the analysis chart or any scratch board is absolutely necessary as a supplement or basis for the THV system...

For those of us that have had some difficulties using THV profitably, I refer us back to post # #75...draw your t/l and stuff...

I post the two charts I was using waiting for a trade...then...
This was a perfect setup, the hull was closed to the T3 and all rules in order.
A good 20+ pips 1M trade.
  • #852
  • Dec 4, 2008 7:30am Dec 4, 2008 7:30am
do you think we could see a signifigant breakout from here?
Attached Image (click to enlarge)
Click to Enlarge Name: analysis 5 min break out 12-4.gif Size: 36 KB
Deprive a man of everything and you give him nothing to lose.
  • #853
  • Dec 4, 2008 7:46am Dec 4, 2008 7:46am
by the way...on the far left hand of my chart I think my chart is overheating...do you see those long vertical redlines...does anyone else ever see that?
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd 1 min - from analysis - breakout 12 -4.jpg Size: 127 KB
Deprive a man of everything and you give him nothing to lose.
  • #854
  • Edited 8:24am Dec 4, 2008 7:58am | Edited 8:24am
The only reason that I am posting a lot of charts is that it's helpful to understand things with a visual perspective. Again, I know the likes of the pros in here don't need it but I think some newbees like myself might benefit from seeing that the scratch board/analysis chart really is the basis for the THV...it puts you in the mind set to expect a "perfect" THV setup.

Darn!!! I should have closed half my position and let the rest run on that last trade...

THV ROCKS !

Man....I should really have let that position go...that's more than 100 pips...that's a bit annoying...
Deprive a man of everything and you give him nothing to lose.
  • #855
  • Dec 4, 2008 8:27am Dec 4, 2008 8:27am
Quoting cashmeer
by the way...on the far left hand of my chart I think my chart is overheating...do you see those long vertical redlines...does anyone else ever see that?
Sometimes I see that on MT4. Usually a little bit of time passes, then it corrects.
  • #856
  • Dec 4, 2008 8:36am Dec 4, 2008 8:36am
Quoting cashmeer
The only reason that I am posting a lot of charts is that it's helpful to understand things with a visual perspective. Again, I know the likes of the pros in here don't need it but I think some newbees like myself might benefit from seeing that the scratch board/analysis chart really is the basis for the THV...it puts you in the mind set to expect a "perfect" THV setup.

Darn!!! I should have closed half my position and let the rest run on that last trade...

THV ROCKS !

Man....I should really have let that position go...that's more than 100...
Please do keep posting. We need the thread activity.

You are right, other newbies can learn from your posts. Even the experienced traders can too. I didn't even think about a scratch pad on MT4. That's what's nice about these threads. Even a casual comment can open doors.

I use the scale out method where you close partial positions, SL to entry and let it ride. Works well and feels real good to TP and have no risk all at the same time. Then you might get a big winner with the rest.
  • #857
  • Dec 4, 2008 8:38am Dec 4, 2008 8:38am
Todays trend was pretty strong, in those cases is good idea to trigger the entry on 1M and let it run on 5M till a wellknown resistance or exit rule of THV.
Keep posting cashmeer, you do very well.

Quoting cashmeer
The only reason that I am posting a lot of charts is that it's helpful to understand things with a visual perspective. Again, I know the likes of the pros in here don't need it but I think some newbees like myself might benefit from seeing that the scratch board/analysis chart really is the basis for the THV...it puts you in the mind set to expect a "perfect" THV setup.

Darn!!! I should have closed half my position and let the rest run on that last trade...

THV ROCKS !

Man....I should really have let that position go...that's more than 100...
  • #858
  • Dec 4, 2008 8:41am Dec 4, 2008 8:41am
Tradewell...

Since we moved up from 12700 all the way to 12800...would it have been wise to trade instant execution or put a pending order to sell at 12800...

I mean we have not seen 12800 in more than 4 days and as it was approaching people/institutions were maybe ready to short...it did bounce down about 12 pips...strangely less than the bouce off of R2 1.2822 on the GMT daily pivots..

I know that has nothing to do with THV...but do you look for quick short trades like that?


Man, that was a serious break out....
Deprive a man of everything and you give him nothing to lose.
  • #859
  • Dec 4, 2008 8:42am Dec 4, 2008 8:42am
Quoting cashmeer
by the way...on the far left hand of my chart I think my chart is overheating...do you see those long vertical redlines...does anyone else ever see that?
That is missing data feed of the hull, happens sometimes.
  • #860
  • Dec 4, 2008 8:50am Dec 4, 2008 8:50am
Quoting cashmeer
Tradewell...

Since we moved up from 12700 all the way to 12800...would it have been wise to trade instant execution or put a pending order to sell at 12800...

I mean we have not seen 12800 in more than 4 days and as it was approaching people/institutions were maybe ready to short...it did bounce down about 12 pips...strangely less than the bouce off of R2 1.2822 on the GMT daily pivots..

I know that has nothing to do with THV...but do you look for quick short trades like that?


Man, that was a serious break out....
I'm still in (5M chart) but will TP if the green trix pass the TL or price pass T3.
Attached Image (click to enlarge)
Click to Enlarge Name: 5m4d.gif Size: 25 KB
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