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THV system, final edition

  • #1,841
  • Jan 1, 2009 9:29pm Jan 1, 2009 9:29pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting nuancom
indicator
got it, thx
  • #1,842
  • Jan 1, 2009 9:49pm Jan 1, 2009 9:49pm
Hi guys happy new year. I'm still testing THV with my live account. I need help today as I found my pivot sup res line is flocking like attached bellow. Did anyone has same experience? How to solve it? Thanks.

Attached Image (click to enlarge)
Click to Enlarge Name: meta.gif Size: 21 KB
Manage your risk accordingly and you're half done your home work.
  • #1,843
  • Jan 1, 2009 9:50pm Jan 1, 2009 9:50pm
Quoting cobraforex
That depends on the TF and the pair you are working with. I trade the 1 and 5M TF and use very tight SL waiting for the right entry.
Please download the THV journal and calculate your risk.

I didn't have any weekly drawdown since I trade THV but others may have other experience.

FX depends a part of your system you use, the experience you have and the GUT feeling.

Add: losing a trade is part of the game, what we want is winning more than lose.
You are truly honest guy. Pray for your success and being bless always for you and all your beloved
Loving Life.............
  • #1,844
  • Jan 1, 2009 10:40pm Jan 1, 2009 10:40pm
Quoting cobraforex
That depends on the TF and the pair you are working with. I trade the 1 and 5M TF and use very tight SL waiting for the right entry.
Please download the THV journal and calculate your risk.

I didn't have any weekly drawdown since I trade THV but others may have other experience.

FX depends a part of your system you use, the experience you have and the GUT feeling.

Add: losing a trade is part of the game, what we want is winning more than lose.
H Cobra,

I downloaded the calculator risk, and it's excellent in order to control the equity of my account, thanks. When all conditions are given into your system for trading, it's very fiable and effective, congratulations
  • #1,845
  • Jan 1, 2009 11:25pm Jan 1, 2009 11:25pm
Hi Cobra/anyone else,

I'm new to forex but have gone through babypips.com and a lot of other tutorials/sites/ebooks to learn as much as I can.
I've also experimented with some EAs and wrote some basic EAs.

I find your system to be very interesting, however I'm not clear on the rules.... Can you please explain them a bit more?

Some confusions that I have are:

Quote
Entry: PA (price action) and blue (aqua) T3 line crosses the Ichimoku cloud and the candle is in color of direction (red -> short, green -> long),
So candle color indicates whether i should buy or sell?

Quote
We only enter short under the cloud and vice versa.
Above the Coral (red,green,yellow slope) we take only long trades and vice versa.
Cloud and Coral lines also indicate if we buy or sell?
All these 3 criterias need to indicate buy or sell uninanmously ?

Quote
Both Trix lines pass the zero level and hide in our trading direction
Most of the time I'm seeing both Trix lines above zero level, what exactly is meant by "hide in our trading direction"?

But maybe a thorough explanation would help others as well.

Thanks for such a great system!
All the best for 2009
  • #1,846
  • Jan 2, 2009 1:56am Jan 2, 2009 1:56am
Quoting forexhero

So candle color indicates whether i should buy or sell?
More likely if you should "buy or hold", or "sell or hold", as color of the candle must match the direction of the crossing. If it crosses up but the candle is red and thus going down, we should hold.


Quote
Cloud and Coral lines also indicate if we buy or sell?
All these 3 criterias need to indicate buy or sell uninanmously ?
PA must be under the Cloud, and both under the Coral.
That is: Price action crosses the aqua T3 and the Cloud, when above the cloud go long, when below go short, but check first if both are effectively above or under the Coral line.

Quote
Most of the time I'm seeing both Trix lines above zero level, what exactly is meant by "hide in our trading direction"?
I guess it should read "heads in our trading direction", that is, both lines above zero level and other parameters signaling a long, it's a green light.
Both lines below and same on the rest for a short. Usually though, the Trix lines appear earlier than the rest of the signals (a few candles before the effective PA crossing). If they are crossing back against the direction shown by PA, should be an early warning of a possible direction change so better not enter if in conflict, IMO.
  • #1,847
  • Jan 2, 2009 2:50am Jan 2, 2009 2:50am
My understandig is that this idicator is an option?

Of course you always have to look at other factors than the basic rules to decide if you take a trade or not. But my question is:

Are all the basic rules implemented in this indicator?
Can it be usefull to mee as a beginner?

If I am correct it does not take into condideration the Trix indicator?

Some advice how to use this indicator please.
  • #1,848
  • Jan 2, 2009 3:01am Jan 2, 2009 3:01am
Quoting fxviking

Some advice how to use this indicator please.
Please download and read the manual in post #1, thanks
  • #1,849
  • Jan 2, 2009 6:54am Jan 2, 2009 6:54am
Nice to see FF is back. I got kicked today when I take short @1.3943. I am to greed to take all pips and enter the trade without notice it faced strong support @1.3800. I also did not realize the heiken ashi body is smaller and smaller before I took trade.

Patience... patience.. patience... my stubbornity gives me negative pips.

Attached Image (click to enlarge)
Click to Enlarge Name: meta.gif Size: 30 KB
Manage your risk accordingly and you're half done your home work.
  • #1,850
  • Jan 2, 2009 6:59am Jan 2, 2009 6:59am
Have been using THV v2 for sometime now and then today the line that indicate Today and Yesterday swapped place. Also the fibo pivot lines are all bundled together. Have restarted MT4, new chart and apply the template once more time and it still doesn't help. Does anyone know if this is a problem with the server or with my set up?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: EU30MinTHV2.JPG Size: 126 KB
  • #1,851
  • Jan 2, 2009 7:02am Jan 2, 2009 7:02am
Quoting personalme
Nice to see FF is back. I got kicked today when I take short @1.3943.
See post #1809 page 121 and you know why.
  • #1,852
  • Jan 2, 2009 7:05am Jan 2, 2009 7:05am
Quoting DOVOFreak
Have been using THV v2 for sometime now and then today the line that indicate Today and Yesterday swapped place. Also the fibo pivot lines are all bundled together. Have restarted MT4, new chart and apply the template once more time and it still doesn't help. Does anyone know if this is a problem with the server or with my set up?

Thanks
Like I understand it is because we had an interruption this trading week due to the New Year hollidays.

That's why the Pivot calculations are getting some kind of crazy.

The same happened last week.
  • #1,853
  • Jan 2, 2009 7:10am Jan 2, 2009 7:10am
Quoting DOVOFreak
Have been using THV v2 for sometime now and then today the line that indicate Today and Yesterday swapped place. Also the fibo pivot lines are all bundled together. Have restarted MT4, new chart and apply the template once more time and it still doesn't help. Does anyone know if this is a problem with the server or with my set up?

Thanks
I went in to indicators; THV SDX-TzPivots_v4; and reset my {Local_HrsServerTzFromGMT} to my Alpari time minus my local time (PDT) which is -7 and that fixed my charting - back to normal.

Hope that helps
Pip what you see; See what you pip!
  • #1,854
  • Jan 2, 2009 7:20am Jan 2, 2009 7:20am
Quoting SeerEye
I went in to indicators; THV SDX-TzPivots_v4; and reset my {Local_HrsServerTzFromGMT} to my Alpari time minus my local time (PDT) which is -7 and that fixed my charting - back to normal.

Hope that helps
Thanks,

I set Local_HrsServerTzFromGMT to 2 (GMT+2 for Forex-Meta) and Destination_HrsNewTZFromGMT to 8 (GMT+8 for my timezone), and I got FPV of 1.3936. Am I on the right track?
  • #1,855
  • Jan 2, 2009 7:21am Jan 2, 2009 7:21am
Quoting DOVOFreak
Thanks,

I set Local_HrsServerTzFromGMT to 2 (GMT+2 for Forex-Meta) and Destination_HrsNewTZFromGMT to 8 (GMT+8 for my timezone), and I got FPV of 1.3936. Am I on the right track?
if it reset things for you - ya.
Pip what you see; See what you pip!
  • #1,856
  • Jan 2, 2009 7:29am Jan 2, 2009 7:29am
Quoting SeerEye
if it reset things for you - ya.
Yes, it does restore the date lines and the pivot lines properly.

Thanks again for your help.
  • #1,857
  • Jan 2, 2009 7:33am Jan 2, 2009 7:33am
Quoting cobraforex
See post #1809 page 121 and you know why.
Yeah Cobra. Thanks for the help. I also read that but didn't remember until...
Thank you very much Cobra. You're such a generous man. Not many a competent trader willing to help a newbie like me and the others.


Quoting SeerEye
I went in to indicators; THV SDX-TzPivots_v4; and reset my {Local_HrsServerTzFromGMT} to my Alpari time minus my local time (PDT) which is -7 and that fixed my charting - back to normal.
Hey it works with me also. Thanks. I also have same problem but now fixed.
Manage your risk accordingly and you're half done your home work.
  • #1,858
  • Jan 2, 2009 7:37am Jan 2, 2009 7:37am
I am little confused on using 1 min and 5 min charts together
I have attached both 5 min & 1 min chart here.

I got a an alert for analyzing sell in the 5 min chart. However if you look at the chart, the T3 and Cloud and above Coral. But as per rule, we are supposed to take short position only when T3 and Cloud is below the Coral.

When I checked the 1 min chart at that time, it does look like a valid setup.

So, is this an invalid setup on 5 min , but a valid setup on 1 min? or in this case you take the entry based on 1 min chart and wait for the setup to occur in 5 min chart for confirmation?

Thanks
Karun
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf5min-sell1.gif Size: 34 KB
Click to Enlarge Name: usdchf1min-sell1.gif Size: 32 KB
  • #1,859
  • Jan 2, 2009 7:58am Jan 2, 2009 7:58am
Quoting personalme
Nice to see FF is back. I got kicked today when I take short @1.3943. I am to greed to take all pips and enter the trade without notice it faced strong support @1.3800. I also did not realize the heiken ashi body is smaller and smaller before I took trade.

Patience... patience.. patience... my stubbornity gives me negative pips.

Attachment
Personalme, you have done something that we like to see. You posted details of a bad trade. These mentions are just as important as posting winning trades. It helps others identify why just following the basic THV rules doesn't always work. It also helps the development team spot potential problems with any of the rules. We think THV is great, but we need to keep proving it!
  • #1,860
  • Jan 2, 2009 8:06am Jan 2, 2009 8:06am
Quoting TradeWell
Personalme, you have done something that we like to see. You posted details of a bad trade. These mentions are just as important as posting winning trades. It helps others identify why just following the basic THV rules doesn't always work. It also helps the development team spot potential problems with any of the rules. We think THV is great, but we need to keep proving it!
Excellent point - Tradewell

and thx Personalme

Seer
Pip what you see; See what you pip!
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