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THV system, final edition

  • #1,001
  • Edited 9:51am Dec 8, 2008 9:42am | Edited 9:51am
Cobra:

Thank you for chart/explanation. I need to thouroughly llo through this so that I can quickly identify these kinds of divergence patterns...

I wanted to ask again, is there a correlation between the frequency of divergence patterns opportunities and the strength and longevity of a trend?

Or will you see divergence on a day where the 15 min or 1hrly is trading in a range?

I am going to go back through the charts and look for this...


Let me try and answer my own question instead of just feebly asking.
Deprive a man of everything and you give him nothing to lose.
  • #1,002
  • Dec 8, 2008 9:51am Dec 8, 2008 9:51am
Quoting cashmeer
Cobra:

Thank you for chart/explanation. I need to thouroughly llo through this so that I can quickly identify these kinds of divergence patterns...

I wanted to ask again, is there a correlation between the frequency of divergence patterns opportunities and the strength and longevity of a trend?

Or will you see divergence on a day where the 15 min or 1hrly is trading in a range?

I am going to go back through the charts and look for this...
It depends on your TF that you are working on.
I work mostly on the 1M or 5M and in a 100 pip range I see several divergence while you see none on the 1H TF.
As stronger the daily trend as less you will notice the divergence.
Today whe had some wipsaw on my TF's and it was more difficult to trade, in those days is good idea to swith to a higher TF.
  • #1,003
  • Edited 10:11am Dec 8, 2008 10:07am | Edited 10:11am
hmmmm...

that's interesting. I too am trading the 5min and 1 min and I thought that on a day like today where there was a strong trend in the 15min, the retracements, small and large would be the points where on the 5 and 1 min that divergence would show.

I need to disect a couple of days where there are long moves in the 15min/1hr, like today and other days where it is more in a tight range...

Good stuff !!!


Maybe the strength of the trend on the higher TF does not have to do with the frequency of divergence! Maybe I am just guessing :-)
Maybe I should just do some inspection of previous days and stop saying maybe !!!
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd 15 min -12 -7 trendline.jpg Size: 149 KB
Deprive a man of everything and you give him nothing to lose.
  • #1,004
  • Dec 8, 2008 10:09am Dec 8, 2008 10:09am
Hi All,

I just came across forex factory a couple of weeks ago and have been browsing some of the threads. Found this one yesterday and it really has my interest. A large thanks to cobraforex for starting this thread and all the support that has been given by the generous posters.

A bit short on the rules but just went short on a 5m...reg.div. on the red and the green trix lines, red trix cross below zero, pa under the cloud, hull went red, bar went red and I'm in (demo of course).

Off to read the rules a few more times.
Listen to the whispers.... You may learn something
  • #1,005
  • Dec 8, 2008 10:17am Dec 8, 2008 10:17am
Quoting Polonaise
Its definietely safer to wait till HULL changes to at least yellow.
And here is another one
Here another one, same trade, just want that you understand it well.

Here a chart, you see the blue points and green line mark the R&S, you could have taken an entry at the red box setting SL 15 pips above the green line that would be above MR4 as well.

You see that it later got retested (last blue dot)
Attached Image (click to enlarge)
Click to Enlarge Name: retest.gif Size: 34 KB
  • #1,006
  • Dec 8, 2008 10:23am Dec 8, 2008 10:23am
Here's a divergence indicator that uses Osma to find divergence
Attached File(s)
File Type: mq4 FX5_Divergence_V2[1].1.mq4   11 KB | 1,004 downloads
  • #1,007
  • Dec 8, 2008 10:27am Dec 8, 2008 10:27am
Quoting keymaker
Here's a divergence indicator that uses Osma to find divergence
I was using that a time ago but it is tooooo slow detecting the divergence and giving an arrow signal, the Trix is more easy to observe and faster if you draw the TL.
  • #1,008
  • Dec 8, 2008 10:29am Dec 8, 2008 10:29am
Hi CobraForex!, thanks for divergence. But I really have one question. I always trade the regular divergence (I excelent understanding regular divergence). But ! I can't find the hidden divergence, I cant trade hidden divergence. I can't understand how its work! I look at your pictures....and dont uderstand. Guys ...CobraForex,, plz help !
  • #1,009
  • Dec 8, 2008 10:30am Dec 8, 2008 10:30am
Thanks for explananation
What is that MR4 line on your chart. I dont see it on mine although I am also using platform with London Time
Quoting cobraforex
Here another one, same trade, just want that you understand it well.

Here a chart, you see the blue points and green line mark the R&S, you could have taken an entry at the red box setting SL 15 pips above the green line that would be above MR4 as well.

You see that it later got retested (last blue dot)
  • #1,010
  • Dec 8, 2008 10:37am Dec 8, 2008 10:37am
Quoting fxairy
But ! I can't find the hidden divergence, I cant trade hidden divergence. I can't understand how its work! I look at your pictures....and dont uderstand. Guys ...CobraForex,, plz help !
You don't see hidden divergence that often, just memorize the picture and when it occurs you will notice it.

I will upload a chart in case that I see one.
  • #1,011
  • Dec 8, 2008 10:42am Dec 8, 2008 10:42am
Quoting Polonaise
Thanks for explananation
What is that MR4 line on your chart. I dont see it on mine although I am also using platform with London Time
I'm using the TZpivot V4, it is in test and I guess that Traderathome still didn't release it.

Yesterday he sent me the V4a version that I'm proving now, as soon as we see that everything is perfect he will post it here, I think it will come with the V2 template in the end of next week.

It is the most advanced pivot indicator that you can find in the net.
  • #1,012
  • Dec 8, 2008 10:45am Dec 8, 2008 10:45am
Quoting cobraforex
I'm using the TZpivot V4, it is in test and I guess that Traderathome still didn't release it.

Yesterday he sent me the V4a version that I'm proving now, as soon as we see that everything is perfect he will post it here, I think it will come with the V2 template in the end of next week.

It is the most advanced pivot indicator that you can find in the net.
yippeee !
Deprive a man of everything and you give him nothing to lose.
  • #1,013
  • Dec 8, 2008 10:53am Dec 8, 2008 10:53am
I think I must be out of sync today. I am not catching any trades. It seems some of you are. Are you only going by the 1 minute chart?
  • #1,014
  • Dec 8, 2008 10:57am Dec 8, 2008 10:57am
Quoting cashmeer
yippeee !
I said the same, lol.

It is very useful because it goes until R5, actually in 1.3165, useful for the volatile times that we experience lately.

A common Fibonacci Pivot indicator shows up to R3.
  • #1,015
  • Dec 8, 2008 10:59am Dec 8, 2008 10:59am
Quoting TradeWell
I think I must be out of sync today. I am not catching any trades. It seems some of you are. Are you only going by the 1 minute chart?
It's not you it's the PA, too much wipsaw, I posted that before.

But got my book filled today
  • #1,016
  • Dec 8, 2008 11:02am Dec 8, 2008 11:02am
Quoting cobraforex
It's not you it's the PA, too much wipsaw, I posted that before.

But got my book filled today
I also have to mention I typically miss the first 1/2 of London because of my sleep hours. Lately I know then I have missed good trades. I'll just wait -I don't lose money that way.
  • #1,017
  • Dec 8, 2008 11:09am Dec 8, 2008 11:09am
Quoting TradeWell
I also have to mention I typically miss the first 1/2 of London because of my sleep hours. Lately I know then I have missed good trades. I'll just wait -I don't lose money that way.
I’m getting Zzzzzz at the same time as my chickens to be fresh on London open.
  • #1,018
  • Dec 8, 2008 11:13am Dec 8, 2008 11:13am
Quoting cobraforex
I’m getting Zzzzzz at the same time as my chickens to be fresh on London open.


lol, well I don't have any chickens but I do get up early. I even set cell phone alerts but only for price. I get woken up a couple times at night when price crosses a threshold, but most of the time it's no trade.
  • #1,019
  • Dec 8, 2008 11:21am Dec 8, 2008 11:21am
Quoting TradeWell


lol, well I don't have any chickens
You should get some, there are no better eggs than from outside running chickens, picking worms
  • #1,020
  • Dec 8, 2008 11:29am Dec 8, 2008 11:29am
chickens?? ... divergence?? I need some coffee !!
Deprive a man of everything and you give him nothing to lose.
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