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THV system, final edition

  • #1,121
  • Dec 12, 2008 3:06pm Dec 12, 2008 3:06pm
Welcome aboard Scrutch !

Good post and nice detail.

I took the same trade. Consider this, that was, according to the 15 and 1 hour chart, a counter trend trade. If we had got into a trend trade earlier today or this week and only closed out 1/2 a position...

Cobra mentioned a few noteable points:

A.) this is a multi-time frame strategy and
B.) often enough getting in on the 1 min or 5 min can be an entry for a "long term" (few hours or days) position...

I aspire to reach a level where I might be able to let a trade run for that long...

Have a wonderful weekend everyone !
Deprive a man of everything and you give him nothing to lose.
  • #1,122
  • Edited 5:59pm Dec 12, 2008 5:48pm | Edited 5:59pm
Quoting Scrutch
No short lines allowed
Yes you can, though you'll have to use the "Trendline" (the diagonal line tool) for that.

Just uncheck the "Ray" box under "Parameters" tab, make sure you have the same "Time" on both Time boxes (so it remains vertical), and set the values directly to the number of pips you want, or the specific start and end prices for the line. You can do the same for horizontal, there you'll have to invert the parameters (same price, different times). And diagonal, of course.

I don't understand fully what you mention about the order of indicators on the chart and "moving around" ?
Attached Image
  • #1,123
  • Dec 12, 2008 8:15pm Dec 12, 2008 8:15pm
thanks a lot CF, this is a great system, the risk and reward is also very good indeed... will follow this thread closely... ^^



P.S. could someone post the indi that make the channel in this picture. TY!
  • #1,124
  • Dec 12, 2008 8:52pm Dec 12, 2008 8:52pm
Quoting doblece
Yes you can, though you'll have to use the "Trendline" (the diagonal line tool) for that.?
doblece...you are a keeper Thanks for the short line thing, a bit more painfull than most charting packages but doable.

Quoting doblece
I don't understand fully what you mention about the order of indicators on the chart and "moving around" ?
The Indicator List is what I thought you were talking about sorting but didn't finish the thought. I know that I can delete indicators and then put them in different order to accomplish sending some to the back and having some show on top of others. And then use the chart prop to set it forward or not. Just thought you started to explain a way to sort the actual list.

Any way to change the vertical price values in the right most column...say I want a 10pip spread between each horizontal price level...without distorting the chart?

One other thing, on the two quotes above what's the trick to doing the second quote without the "originally posted by...". I tried [quote/], [quote] and a couple of other things to now avail.
Attached Image
Listen to the whispers.... You may learn something
  • #1,125
  • Dec 12, 2008 9:16pm Dec 12, 2008 9:16pm
Quoting cashmeer
I took the same trade. Consider this, that was, according to the 15 and 1 hour chart, a counter trend trade. If we had got into a trend trade earlier today or this week and only closed out 1/2 a position...
I aspire to reach a level where I might be able to let a trade run for that long...
Hmmm...woulda, shouda, coulda, yep. Consider this, according to the monthly chart the trend is down, according to the weekly chart the trend has only just started a correction of the down trend , according to the daily it's forming a rounded bottom! Ok, I'm jerking your chain a bit here.

I took this trade because of the R1 rejection and the increasing down slope angle of the hull, knowing that it was a counter trend trade going in, but thanks for the advice. Now let me think about holding this for a week just a bit. Okay, got it! That's what I use futures for, several days, a few weeks or even months (well not to many months...they do expire) if my stop is not triggered.

When I trade the index guys I use a tic chart that can print half a dozen bars at a time (quick) so the 1m and 3m charts are what I use for long term there, and I know what the daily, houly, etc. trend is. Know all about the need for different time frames so I'm cool on that. I do appreciate what you've posted here, very helpful to everyone. Keep em coming.

Like I mentioned before, this is the most VisUal chart I have ever come across. A super job by the author and his helpers...you to!
Listen to the whispers.... You may learn something
  • #1,126
  • Edited 10:03pm Dec 12, 2008 9:51pm | Edited 10:03pm
Quoting Scrutch
One other thing, on the two quotes above what's the trick to doing the second quote without the "originally posted by...". I tried [ quote/], [ quote] and a couple of other things to now avail.
There's a button for quotes (small "bubble" at the right of the "image" button).
Just copy the text thereafter between the two codes. Or you can first copy the text to your post, select it and then click on the quote button.

I don't think it can be done (changing the scale) without distorting the view, or getting a fixed scale but then needing to scroll to be able to see the chart (option "Scale Fix" and "Scale Fix One to One" in the Chart properties). I don't know if those options would suit you, however, please do check.

About the indicator list... at that time the problem was to send Ichimoku back I think but there was no follow-up intended. Anyway with the use of standard Ichimoku that comes with the platform, it doesn't happen either.
  • #1,127
  • Edited 10:24pm Dec 12, 2008 10:09pm | Edited 10:24pm
Quoting doblece
There's a button for quotes (small "bubble" at the right of the "image" button).
Just copy the text thereafter between the two codes. Or you can first copy the text to your post, select it and then click on the quote button.

Quote
I don't think it can be done (changing the scale) without distorting the view, however I will search and confirm or not later on.

Still can't get it to work...supposedly all I need is a["quote"]at the beginning and a["/quote"]at the end. It gives me a message too short error...scratch that, got it to work. The key appears to be using a space. Thank you. Scratch that as well, now it works without any spaces...that's why I have the "" above. It was showing a quote without any spaces. Arrrrrggggh, computer magic.

And the sorting of the Indicator List I suppose is completely out of the question...?
Ok, see you came back and made an edit on this. I've got it all sorted out, was just curious if the actual list could be sorted.
Thank you very much, and you have a great weekend.
Listen to the whispers.... You may learn something
  • #1,128
  • Dec 12, 2008 10:30pm Dec 12, 2008 10:30pm
Quoting doblece
I don't think it can be done (changing the scale) without distorting the view, or getting a fixed scale but then needing to scroll to be able to see the chart (option "Scale Fix" and "Scale Fix One to One" in the Chart properties). I don't know if those options would suit you, however, please do check.
Yeah, tried all that but it really hammers the chart. Strange, this is pretty common stuff on most charts, so they must have some kind of reason for it. I'll either get used to it or learn to live with it I reckon.
Thanks again for your efforts.
Listen to the whispers.... You may learn something
  • #1,129
  • Edited 5:04am Dec 13, 2008 4:54am | Edited 5:04am
Quoting Scrutch
Consider this, according to the monthly chart the trend is down, according to the weekly chart the trend has only just started a correction of the down trend , according to the daily it's forming a rounded bottom! Ok, I'ma jerk...
Scrutch, I was just referring to a trend in a higher time frame like the 15 min or 1 hr...but thanks for making the yearly picture completely clear ...when you're ready to short the monthly...let us know...


It was a simple point, it didn't warrant sarcasm, many traders have difficulties letting their trades go....especially those that were initiated based on the 1 or 5 min timeframe...

getting in on the 1min/5 min and using the 15 min or higher to exit...that is a skill that many of us newcomers should try and develop.

I think a lot of people using this thread are not professionals like yourself...take it easy!


Anyhow...thanks for including the details on your screenshot...it is very helpful ....
Deprive a man of everything and you give him nothing to lose.
  • #1,130
  • Dec 13, 2008 8:55am Dec 13, 2008 8:55am
Quoting cashmeer
It was a simple point, it didn't warrant sarcasm,
Hi cashmeer,

Whoa, I apologize if it came across as sarcasm. That was not my intention at all. You raised some very good points and also post some very informative info here. Only trying to convey a bit about myself so you know where I've been and what not.

Quote
...take it easy!

Perhaps it's just my style of what goes through my gray matter and leaks out the end of my fingers onto the keypad. I've been told on more than one ocassion that I have a very dry sense of humor...?

Quote
when you're ready to short the monthly...let us know...

The only way I do that is with futures but they don't offer the actual *pairs*. A *spread* of two different curriencies can be traded but they still don't offer as many curriencies as are availabe with the forex.

Have a great weekend and have fun testing v2.
Listen to the whispers.... You may learn something
  • #1,131
  • Dec 13, 2008 9:59am Dec 13, 2008 9:59am
Quoting ljyljl5555
P.S. could someone post the indi that make the channel in this picture. TY!
ljyljl

If the gray line is the one you are calling a channel...that's just a downtrend line that was drawn with the trendline tool on the candle stick high's. When the candles are turned off then it might appear to be a channel line but it's not. If you are talking about something else let us know and someone will direct you to the indi.
Listen to the whispers.... You may learn something
  • #1,132
  • Edited 11:14am Dec 13, 2008 10:51am | Edited 11:14am
Quoting ljyljl5555
thanks a lot CF, this is a great system, the risk and reward is also very good indeed... will follow this thread closely... ^^

P.S. could someone post the indi that make the channel in this picture. TY!
Most traders step out of there profit making position too early, we try to avoid that with the THV system.

We have a relative high RR relation because we analyze the daily situation, look for an early entry in ultra small TF’s and let it run on higher TF as soon as it shows enough profit to set the SL in profit. FX is all about MM (money management) and having a good entry.

During my vacation that starts at the end of the next week and last a month I will try to write down some points to think about MM.

This Channel is called "Center of gravity", I wanted to include it from the beginning of the development of THV but trading COG is countertrend and THV doesn't allow that.
We want save Pips.

Here you go
Attached File(s)
File Type: mq4 THV COG.mq4   5 KB | 1,142 downloads
  • #1,133
  • Dec 13, 2008 10:57am Dec 13, 2008 10:57am
Quoting Scrutch
I've been told on more than one ocassion that I have a very dry sense of humor...?
If you know it's like that please leave it on your desk, I love good jokes but this is about trading THV and we don't want to lose the objective.

And, please don't answer a question of someone if you're not sure about it.

Thank you.
  • #1,134
  • Dec 13, 2008 12:12pm Dec 13, 2008 12:12pm
Quoting Scrutch
First off...I'd like to thank the author (CF) for starting this thread and the major support people that keep it going while CF is herding 's. I've seen a couple charts (even drew a few) but this is without a doubt the most visual chart I've ever come across.

Oki...I've read this thread from beginning to end, twice. Still some confusion on some things but mostly it's clear. I'm really struggling with the charting package. No short lines allowed, can't set the vertical price column to show 10 pip range (or 20...or whatever)...
Hi Scrutch - what is that indicator you have at the bottom of your chart example? It has a green and red horizontal line? Can you post it?

Thanks!
Without vision, the people will perish.
  • #1,135
  • Dec 13, 2008 12:35pm Dec 13, 2008 12:35pm
Quoting bythepound
Hi Scrutch - what is that indicator you have at the bottom of your chart example? It has a green and red horizontal line? Can you post it?

Thanks!
It shows the opening through the closing time of London, New York, Sydney and Toko.
There are no credits listed...I'm pretty sure that it was written by tesla.
Attached File(s)
File Type: mq4 Market Hours.mq4   2 KB | 1,074 downloads
Listen to the whispers.... You may learn something
  • #1,136
  • Dec 13, 2008 12:49pm Dec 13, 2008 12:49pm
Quoting Scrutch
It shows the opening through the closing time of London, New York, Sydney and Toko.
There are no credits listed...I'm pretty sure that it was written by tesla.
Thanks!
Without vision, the people will perish.
  • #1,137
  • Dec 13, 2008 12:56pm Dec 13, 2008 12:56pm
Quoting Scrutch
It shows the opening through the closing time of London, New York, Sydney and Toko.
There are no credits listed...I'm pretty sure that it was written by tesla.
Thanks Scrutch
the new V2 template includes a session indicator but I'm not very happy with it, let me see if I can recode this one to integrate it in the Tpl.
  • #1,138
  • Dec 13, 2008 1:26pm Dec 13, 2008 1:26pm
Quoting cobraforex
Thanks Scrutch
the new V2 template includes a session indicator but I'm not very happy with it, let me see if I can recode this one to integrate it in the Tpl.
Wow, got it, one indi less in the main chart window.

This one don't take in account the Daylight Savings but till next switch we can get that coded.

Thanks again
  • #1,139
  • Dec 13, 2008 1:58pm Dec 13, 2008 1:58pm
Quoting cobraforex

During my vacation that starts at the end of the next week and last a month I will try to write down some points to think about MM.


Are you going to absent for an entire month?! No pips! A non-paid vacation?!

Will you be able to check in and post on the thread?
Deprive a man of everything and you give him nothing to lose.
  • #1,140
  • Dec 13, 2008 2:44pm Dec 13, 2008 2:44pm
Quoting cobraforex
Wow, got it, one indi less in the main chart window.

This one don't take in account the Daylight Savings but till next switch we can get that coded.

Thanks again


Here's an example:

Inserted Code
// if this is the first bar or a new week calculate eastern time offsetif (i == Bars - 1 || (TimeDayOfWeek(Time[i]) < TimeDayOfWeek(Time[i+1]))) iEasternOffset = ConvertDateTime(Time[i],TIME_SERVER,TIME_NEWYORK) - Time[i];
and then you can make use of the offset with impunity...

Inserted Code
datetime dtEasternTime = Time[i] + iEasternOffset;
Above code is also from tesla

Don't know if this will help you or not, something that tesla was using for backtesting...?
Listen to the whispers.... You may learn something
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