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THV system, final edition

  • #901
  • Edited 10:04pm Dec 4, 2008 9:26pm | Edited 10:04pm
Quoting cobraforex
Orientos, there is a small missunderstanding.
Jack said "entry at green dot", I saw that dot as a horizontal price level and you took it as a vertical level, there is the mistake, sorry didn't see that before.
But I am sure that Jack was refering to it as a price level, he took profit at 33, +25 pips + 2 Spread, he entered at 60 and that is correct.
And that close at 33 was to the pip, as it went immediately back upthereafter!

BTW I am curious to know which broker is Jack using, as his platform's time is 7 hours behind mine (seems it starts with USA close...)
  • #902
  • Dec 5, 2008 4:35am Dec 5, 2008 4:35am
I just noticed, after the fact that there was a good setup in the 1MIN right after divergence, and again, the tipping point was almost exacrtly when the red trix crossed 0. That's like free money !!!
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Deprive a man of everything and you give him nothing to lose.
  • #903
  • Dec 5, 2008 4:58am Dec 5, 2008 4:58am
I have spent whole night on analysing this system, but it was worth, I had 2 perfect etries today.

Thanks Cobra and Cashmeer for yesterdays explanations.

Seems i exited second one too early
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  • #904
  • Dec 5, 2008 5:03am Dec 5, 2008 5:03am
It was mini divergence and then "THE PERFECT SETUP!"


What's with me and chickening out !!! I see divergence and chicken out with 10 pips...
Attached Image (click to enlarge)
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Deprive a man of everything and you give him nothing to lose.
  • #905
  • Dec 5, 2008 5:06am Dec 5, 2008 5:06am
Quoting Polonaise
I have spent whole night on analysing this system, but it was worth, I had 2 perfect etries today.

Thanks Cobra and Cashmeer for yesterdays explanations.

Seems i exited second one too early
WELL DONE !!!

That's superb !!!

You really did do your homework...

But please don't get ahead of yourself ... keep a level head and keep doing the analysis...

Thanks for posting !
Deprive a man of everything and you give him nothing to lose.
  • #906
  • Dec 5, 2008 6:31am Dec 5, 2008 6:31am
Quoting doblece
And that close at 33 was to the pip, as it went immediately back upthereafter!

BTW I am curious to know which broker is Jack using, as his platform's time is 7 hours behind mine (seems it starts with USA close...)
hello, it's ATC brokers.
  • #907
  • Dec 5, 2008 6:49am Dec 5, 2008 6:49am
Quoting cobraforex
Nice trade Jack, I only have to add that it was also a break of the yellow TL.
I'm interested in drawing my own trend lines and not sure how you actually start to draw them, for instance on the chart below, would you mind telling me where would you draw them and why and then I could learn from that?
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  • #908
  • Dec 5, 2008 8:41am Dec 5, 2008 8:41am
Quoting lynnette
I'm interested in drawing my own trend lines and not sure how you actually start to draw them, for instance on the chart below, would you mind telling me where would you draw them and why and then I could learn from that?
Here's an article on that:
http://www.investopedia.com/terms/t/trendline.asp

You basically draw a line touching the lows of an uptrend or the highs of a downtrend.
  • #909
  • Dec 5, 2008 9:32am Dec 5, 2008 9:32am
Quoting lynnette
I'm interested in drawing my own trend lines and not sure how you actually start to draw them, for instance on the chart below, would you mind telling me where would you draw them and why and then I could learn from that?
Here in FF are several threads about how to draw the correct trend lines etc.: Trendlines
Don't forget to draw your TL's also on the Trix.
  • #910
  • Dec 5, 2008 9:47am Dec 5, 2008 9:47am
Could anyone post a current screen shot of the 5min THV system on E/U?? Im at work and dont have MT4, im confused as to what the signal is right now..usually i can eye ball it.

Thanks
  • #911
  • Edited 10:20am Dec 5, 2008 10:01am | Edited 10:20am
Quoting weswes
Could anyone post a current screen shot of the 5min THV system on E/U?? Im at work and dont have MT4, im confused as to what the signal is right now..usually i can eye ball it.

Thanks
Here we go, 4H candle just closed in doji.
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  • #912
  • Dec 5, 2008 11:06am Dec 5, 2008 11:06am
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?
I see this all the time. To get the lines to go away, chnage your time fram from say, 1 Minute (like you show here) to say 5 m, then right back to 1 m. This act 'resets" the template. I usually have to do this twice a day or more.
Without vision, the people will perish.
  • #913
  • Dec 5, 2008 11:09am Dec 5, 2008 11:09am
Quoting cashmeer
It was mini divergence and then "THE PERFECT SETUP!"


What's with me and chickening out !!! I see divergence and chicken out with 10 pips...
Can you post a 5 minute chart/version of your one minute chart showing the perfect setup for me?
Without vision, the people will perish.
  • #914
  • Dec 5, 2008 12:02pm Dec 5, 2008 12:02pm
Quoting bythepound
Can you post a 5 minute chart/version of your one minute chart showing the perfect setup for me?
In the 5 min chart that was a trendline break...and the rest of it all meets the criteria of a THV trade. See how Hull is red and pointing downwards. Price and T3 are both nicely below the Ichimoku Purple Cloud. I was watching this on the 1 min which was showing divergence. It is absolutely essential that you draw trendlines here or in the analysis chart.

I was watching this on the 1 min chart where I was seeing divergence.

I hope this is what you are asking for. Cobra and the rest should feel free to correct or add anything. I am sure they can show you other setups.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eur usd 1 min - divergence 12 -5 (2).jpg Size: 126 KB
Deprive a man of everything and you give him nothing to lose.
  • #915
  • Dec 5, 2008 12:06pm Dec 5, 2008 12:06pm
Quoting Jack Herer
hello, it's ATC brokers.
Thanks!
  • #916
  • Dec 5, 2008 12:25pm Dec 5, 2008 12:25pm
Quoting cashmeer
In the 5 min chart that was a trendline break...and the rest of it all meets the criteria of a THV trade. See how Hull is red and pointing downwards. Price and T3 are both nicely below the Ichimoku Purple Cloud. I was watching this on the 1 min which was showing divergence. It is absolutely essential that you draw trendlines here or in the analysis chart.

I was watching this on the 1 min chart where I was seeing divergence.

I hope this is what you are asking for. Cobra and the rest should feel free to correct or add anything. I am sure they...
Thanks - excellent technical skills - and yes this is what i was asking for.
Without vision, the people will perish.
  • #917
  • Dec 5, 2008 12:29pm Dec 5, 2008 12:29pm
Quoting cashmeer
In the 5 min chart that was a trendline break...and the rest of it all meets the criteria of a THV trade. See how Hull is red and pointing downwards. Price and T3 are both nicely below the Ichimoku Purple Cloud. I was watching this on the 1 min...
cashmeer, I think you are doing a great job showing your charts and explaining the system. There may be some fine points here and there that cobra could point out but overall I think you are "getting it".
  • #918
  • Dec 5, 2008 12:32pm Dec 5, 2008 12:32pm
I have learned so much from y'all. If I don't see anyone here over the weekend. Enjoy yourselves !
Deprive a man of everything and you give him nothing to lose.
  • #919
  • Dec 5, 2008 1:00pm Dec 5, 2008 1:00pm
Quoting cashmeer
I have learned so much from y'all. If I don't see anyone here over the weekend. Enjoy yourselves !
Thanks Cashmeer and a great weekend for you and all other traders.

BTW, I don’t post much at the moment because we are pretty busy with testing the V2 version, but till now we didn’t see big things to change from the v1 version, only improve till now is that the chart is cleaner and we may work on two different risk levels.
More on that at the end of the next week I guess.
  • #920
  • Dec 5, 2008 1:49pm Dec 5, 2008 1:49pm
Thanks to Cobra for the THV strategy and to all of the contributors who have helped make it better. I have been a student of the THV system almost from the beginning of the original thread.

There have been several posts explaining the need to have an “analysis chart” – in this case a 5 minute chart that uses candlesticks. On this chart you would draw trendlines, review S&R levels and pivot points. I agree. In addition however, we might just refer to the TRIX on the 5 minute for entry confirmation for setups that we see developing on the 1 minute.

I have a 1 and 5 minute chart using the THV system and additional charts of the 1 and 5 minute to show candlestick patterns, as it is difficult to zero in on price action using Heiken Ashi bars alone.

I have been testing the use of the TRIX on the 5 minute to signal potential entries on the 1 minute chart. I noted that when the green RSI is at or above the 0.00 line of the 5 minute, you can to look for potential long entries on the 1 minute. All of the THV entry criteria would need to apply before you take the trade.

Better yet, perhaps when the RSI and red T3 on the 5 minute TRIX are at or above the 0.00 line, the potential long entries on the 1 minute will be safer. A boon would be that the blue T3 and hull line are also showing a long bias on the 5 minute, to?????????

I am wondering if any of the contributors have ever tested the concept below, and if so, what the result was.

My rules for a LONG:

· Look at the green RSI line on the 5 minute TRIX indicator. When it is at or ABOVE the 0.00 line, look for the perfect THV setup/entry to go long on the 1 minute.

My rules for a SHORT:

· Look at the green RSI line on the 5 minute TRIX indicator. When it is at or BELOW the 0.00 line, look for the perfect THV setup/entry to go short on the 1 minute.

I posted 2 examples of long entries noted by the green vertical lines. The first long entry was noted at 16:59 GMT (8:59 am PST) and the second at 18:05 GMT (10:05 am PST). This is using a 1 minute and 5 minute chart.
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Without vision, the people will perish.
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