THV system, final edition | Page 71 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

THV System Trades & Patterns Thread 857 replies

THV 4 system with SAH; My Trading Journal 163 replies

Bow's trading journal (THV, Hmaoui simple system) 4 replies

My Journal - Based on THV V3.0 by Cobraforex 30 replies

the vouchers - THV System 2 replies

Attachments: THV system, final edition
Exit Attachments

THV system, final edition

  • #1,401
  • Dec 18, 2008 8:56am Dec 18, 2008 8:56am
Quoting Piotr1
Hi. Please Help me. I love this system. But I do something wrong. This last huge move down. I didn’t take the trade. Please can someone show on a chart when by the rules it hit the trigger.
Here you go, but now I'm gone, remember VACATION.
Attached Image (click to enlarge)
Click to Enlarge Name: trade 18.gif Size: 36 KB
  • #1,402
  • Dec 18, 2008 9:01am Dec 18, 2008 9:01am
Dear Colleagues,

What is the reason of such a big movement?,
Is it customary for the end of the calendar year or that occurs throughout the year?
Thank you for your response.
  • #1,403
  • Dec 18, 2008 9:04am Dec 18, 2008 9:04am
Thank You . so much
  • #1,404
  • Dec 18, 2008 10:02am Dec 18, 2008 10:02am
Hi again. Did my home work. It raise more Questions when You back.

 

  1. (1 entry ) What is it R2 why it is so special ??? … for expl the level 1.4537 is a strong 15 min support level and 50 % fibo . re Entry at this poin has a reason.
  2. (2 entry) How We can reentry if the the Ichimocu cloud above coral
  3. People show there charts and charts don’t have this Price line that we use for entry.

How thay do the Entry?

4. Do You use the RSI 50% level for re Entry confirmation?

  • #1,405
  • Dec 18, 2008 11:21am Dec 18, 2008 11:21am
Quoting Piotr1
Hi again. Did my home work. It raise more Questions when You back.
[list][*](1 entry ) What is it R2 why it is so special ??? … for expl the level 1.4537 is a strong 15 min support level and 50 % fibo . re Entry at this poin has a reason. [*](2 entry) How We can reentry if the the Ichimocu cloud above coral[*][size=3][font=Times New Roman]People show there charts and...
I'm back but just a second

1. In these fast moves I give more importance to the R&S levels than to the 50% Fib.
If you look well at the chart you see that the price respected the R2 but microscopic exactly.
2. Read the manual.
3. What people, what charts, what price line?
4. How can you trade a 50% RSI line if there is none on the chart
  • #1,406
  • Dec 18, 2008 11:38am Dec 18, 2008 11:38am
1 ) thank You.
2) Ou...my G... I was stupid.
3) price line ---PA (price action) maybe I am wrong again
4) yes. right I played with settings(change color) for RSI ans get this lelel.



  • #1,407
  • Dec 18, 2008 11:57am Dec 18, 2008 11:57am
Quoting Piotr1
1 ) thank You.
2) Ou...my G... I was stupid.
3) price line ---PA (price action) maybe I am wrong again
4) yes. right I played with settings(change color) for RSI ans get this lelel.

Please don’t play with the settings of the chart, how you want that a THV team member answer you any question if the settings are messed up.
I hard coded all indicators to avoid that this happens and you find right away the only possibility to do it, lol.

THV don’t trade Price line, we trade HA candles.
There where some traders that used the price line in the V1, the V2 version has decent candle shadows and don’t need it anymore.

BTW: you wasn’t stupid, you only didn’t make your homework, reading the manual, read it twice if necessary.

Gonna have some Tequila sunrise now (how I hate vacations)
  • #1,408
  • Dec 18, 2008 12:22pm Dec 18, 2008 12:22pm
1st English is not my native language. But
So please take it easy on me.
2nd I want make money with this system so I want it to be as good as possible.
If the author doesn’t mind may I propose a little improvmance for this system.

What I see is that this system works as a Trend following system. That is what all classic books tell the best way to trade. OK.
When the price line come to the pivot point or starts move from flat we can see that that The Coral and Ishimocu cloud need some time to turn so… we will miss good trades because of that.

I am not that smart or experienced as many of you so want to ask your opinion about this.
What if we will use on 15 min chart the support and Resistance lines and a trend line as a main indicators for entry. (for such specific market condition)

Expl Rule If 1)Price brake through trend line
And 2) brake through support res line .
--à consider SR line as a Coral line and Ishimock cloud. And then follow your regular rules. On this timeframe or lower .

In this case this system will handle 2 of three parts (trend following and brake through system)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 21 KB
Click to Enlarge Name: 2.gif Size: 24 KB
  • #1,409
  • Dec 18, 2008 2:00pm Dec 18, 2008 2:00pm
Quoting Piotr1
1st...
I can try to help you while Cobra is enjoying some well-deserved relaxation.

Yes you are right in that this system is trend-based but that is not the whole story. As previously mentioned, S/R levels as well as trend lines are also important. So, for the trend part, it will always be lagging to some degree. That is the nature of trend. Consequently, all of the indicators in THV will have some lag to them.

The point is they will not always come together at the right time for a good trade. Any system will miss trades. Traders cannot trade 24 hours anyway (unless you have some superpowers ) so by definition you will miss trades. We use THV with a goal of taking only the best trades. My philosophy is conservative, so 2 out of 3 indicators is not good enough. All indicators need to agree at the same time or it's no trade. You have to be comfortable with the trade at the time. There are exceptions for experienced traders but only they will know when they can go outside the rules.

For now I suggest you try it in DEMO and stick to the rules. There is no need to change them because they work well. We had many experienced traders back and forward test the system with very good success.After you gain experience then later you may want to change things here and there, if you desire. In the meantime, trust the system.
  • #1,410
  • Dec 18, 2008 2:17pm Dec 18, 2008 2:17pm
Piotr1:

Thanks for the post. Judging by your screemshots, it looks as if you are drawing trendlines, waiting for a break and trading that - correct me if I am wrong.

That's exactly what we are tryinhg to accomplish here, finding a move and getting in on the THV execution signal...

Is that right?
Deprive a man of everything and you give him nothing to lose.
  • #1,411
  • Edited 2:36pm Dec 18, 2008 2:25pm | Edited 2:36pm
I wanted to ask if anyone fluent with simulator trading program would try to trade October 22, 2008 London to the close of New York...

I chose that day becuase it was trading in a tight range....

I just want to know how others do if you do decide to simulator trade this...

If you do so, please let me know how you did?

I had some difficulties, to say the least...

ADD I don't want to accidentally convey the wrong message here: I did really well on most other days. I'm sure the best of traders have bad days...I plan to simulator trade entire months to see how I do over a longer period of time instead of randomly choosing days...
Attached Image (click to enlarge)
Click to Enlarge Name: oct 22 08.gif Size: 36 KB
Deprive a man of everything and you give him nothing to lose.
  • #1,412
  • Dec 18, 2008 2:44pm Dec 18, 2008 2:44pm
Quoting cashmeer
If you do so, please let me know how you did?...
Back from the bar, how I miss my trading room.

Good question Cashmeer, my answer is: I wouldn't trade it.
This was a ranging market and you almost never get an entry permission.
The coral cuts (filters) those trades.
  • #1,413
  • Dec 18, 2008 2:50pm Dec 18, 2008 2:50pm
I saw the gray chart of Piotr.

I made one a week ago and comes with all the right colors to have a good overview and you don't need to play around with the settings

Here it is:

Btw: nice 300+ run on GBP/USD on 5M
Attached Image (click to enlarge)
Click to Enlarge Name: gray.gif Size: 29 KB
Attached File(s)
File Type: zip Gray template.zip   6 KB | 1,148 downloads
  • #1,414
  • Edited Dec 19, 2008 8:15am Dec 18, 2008 3:29pm | Edited Dec 19, 2008 8:15am
Thank you guys. Thank you very mach for you oppinions and thank you for the template too. It is always good to know what professional traders think about how to trade.
  • #1,415
  • Dec 18, 2008 8:02pm Dec 18, 2008 8:02pm
  •  Denver
  • | Joined Nov 2008 | Status: Commit, then figure it out | 9 Posts
Hi Cobra. When you get a sec I was wondering if you had made any changes to the Analyse chart or if you plan to. You had mentioned that you were but I haven't seen anything. Thanks and happy margaritaville~!
  • #1,416
  • Dec 18, 2008 10:15pm Dec 18, 2008 10:15pm
This 1 min. chart on EJ shows possibility of new leg down setting up....
Attached Image (click to enlarge)
Click to Enlarge Name: ej 1 min #1 on 12-19-2008.gif Size: 25 KB
  • #1,417
  • Dec 18, 2008 10:32pm Dec 18, 2008 10:32pm
Quoting Piotr1
Thank you gays.

Due to the respect of the THV team I needed to block you from posting in this thread until you can show me that you use a translator and send me a PM.
  • #1,418
  • Dec 18, 2008 10:40pm Dec 18, 2008 10:40pm
Quoting traderathome
This 1 min. chart on EJ shows possibility of new leg down setting up....
...making nice progress down.....
Attached Image (click to enlarge)
Click to Enlarge Name: ej 1 min #2 on 12-19-2008.gif Size: 23 KB
  • #1,419
  • Dec 18, 2008 10:42pm Dec 18, 2008 10:42pm
Quoting Denver
Hi Cobra. When you get a sec I was wondering if you had made any changes to the Analyse chart or if you plan to. You had mentioned that you were but I haven't seen anything. Thanks and happy margaritaville~!
Yes Denver that is almost done, The problem is that Mrs. Cobra and my bloody eye doc took me to make vacation.

Let me see if I can manage that during the weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: analyze.gif Size: 29 KB
  • #1,420
  • Dec 18, 2008 10:48pm Dec 18, 2008 10:48pm
Quoting traderathome
...making nice progress down.....
Now lets see if it moves up to trendline and sets up for another move down.....
Attached Image (click to enlarge)
Click to Enlarge Name: ej 1 min #3 on 12-19-2008.gif Size: 21 KB
8 traders viewing now