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THV system, final edition

  • #1,901
  • Jan 4, 2009 8:33pm Jan 4, 2009 8:33pm
Quoting Gofer Pips
I am not sure of my pivot settings. Yours looks close to .3930.

IBFX broker has GMT as time, and I am on east coast US. I have broker set at 0 and destination set at 0. Should destination be changed? US session I get .3904 as FPV.
Do you know proper setting for IBFX and destination time?

GMT at 0 hour was 7:00 pm local time.

Thanks.
Play a bit with the settings till you get it to 1.3929.

Traderathome is the father of this indicator, he might help you as well.
  • #1,902
  • Jan 4, 2009 10:06pm Jan 4, 2009 10:06pm
Quoting Gofer Pips
I am not sure of my pivot settings. Yours looks close to .3930.

IBFX broker has GMT as time, and I am on east coast US. I have broker set at 0 and destination set at 0. Should destination be changed? US session I get .3904 as FPV.
Do you know proper setting for IBFX and destination time?

GMT at 0 hour was 7:00 pm local time.

Thanks.
Hi Gofer Pips,

I'm also very new at this, but I'm located in New Jersey and use IBFX on demo at this point. Try GMT -7 for Salt Lake (IBFX) and GMT -5 for your location and see if that works. Good luck.
  • #1,903
  • Jan 4, 2009 10:28pm Jan 4, 2009 10:28pm
I have tried many combos and the closest I can get to FPV=.3929 gets me to .3925 or .3934. Your recommended settings will give a FPV= .3904.
I do not know what the differences are between values Cobra is getting and what I get.

I thought that if broker is on GMT then that setting should be at 0, and if you wanted value based on US session close then destination should be -5.

I did not write the indicator and am not sure how these numbers effect the pivot we should trade.

Doblece may be able to help, she is very smart about these things (as well as trading)

So anyone out there that knows what settings should be.....HELP!!!
  • #1,904
  • Jan 4, 2009 10:32pm Jan 4, 2009 10:32pm
Have you tested this system for longer time frames? (i'm not a big fan of scalping).

Also is there a particular currency pair that this system is more effective for?

Thanks
  • #1,905
  • Jan 4, 2009 10:42pm Jan 4, 2009 10:42pm
Quoting Gofer Pips
I have tried many combos and the closest I can get to FPV=.3929 gets me to .3925 or .3934. Your recommended settings will give a FPV= .3904.
I do not know what the differences are between values Cobra is getting and what I get.
Thanks for the kind words
Did you check if your High-Low-Close prices are the same as for other brokers? As Pivots are based on those numbers, if there is a difference you will assuredly also get a slightly different value for pivot lines.
  • #1,906
  • Jan 4, 2009 10:50pm Jan 4, 2009 10:50pm
I have attached the history of daily prices.
Are the Fib pivots the same as standard equation?
IBFX opens 6:00pm est on Sunday, could this have an effect due to different broker openings and closings on what prices are used?

Thanks for your help
EDIT: If pivot = H+L+C/3 would my pivot be determined on Sunday as 1.3927 based on 1 hour trading from 6 til 7 when GMT= 0 again?
Attached Image
  • #1,907
  • Jan 4, 2009 11:50pm Jan 4, 2009 11:50pm
is giving me a headache -

I sincerely apologize for beating a dead horse here. I'm trying to get Cobras DP of 1.3929. I use Alpari - which is 2 hours ahead of GMT; I'm in PDT on the west coast of the states - here's my settings

Local_HrsServerTzFromGMT = 2
Destianation_HrsNewTZfrom GMT = -7
Show_1Daily2FibonacciPivots = 2

I currently am coming up with 1.3915 as a DP

Seer
Pip what you see; See what you pip!
  • #1,908
  • Jan 5, 2009 2:28am Jan 5, 2009 2:28am
Good morning all,

I hope someone just caught the nearly 200 PIP drop using THV. I was just waking up on east coast, so unfortunately, I was not ready to pull the trigger. It was a great move though. Chart attached.

Good trading to all,
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 16 KB
Up or down, gimme a ticket
  • #1,909
  • Jan 5, 2009 2:32am Jan 5, 2009 2:32am
[quote=SpecialEd;2448544]Good morning all,

I hope someone just caught the nearly 200 PIP drop using THV. I was just waking up on east coast, so unfortunately, I was not ready to pull the trigger. It was a great move though.

At least I got my 40 pips. I had a TP that took me out.
  • #1,910
  • Jan 5, 2009 2:45am Jan 5, 2009 2:45am
I got only 30 pips. 5 minutes time frame does not give me a good entry.

It's ok, better than nothing and there is always another train to get in.
Manage your risk accordingly and you're half done your home work.
  • #1,911
  • Jan 5, 2009 2:55am Jan 5, 2009 2:55am
Quoting personalme
I got only 30 pips. 5 minutes time frame does not give me a good entry.

It's ok, better than nothing and there is always another train to get in.
That's right Personalme. Always another trade to be made.
Up or down, gimme a ticket
  • #1,912
  • Jan 5, 2009 3:10am Jan 5, 2009 3:10am
first time using the system. got 50 pips!
  • #1,913
  • Jan 5, 2009 3:23am Jan 5, 2009 3:23am
Quoting SpecialEd
Good morning all,

I hope someone just caught the nearly 200 PIP drop using THV.
This could have been the reasons:
Attached Image (click to enlarge)
Click to Enlarge Name: GS.gif Size: 11 KB
Attached Image
  • #1,914
  • Jan 5, 2009 3:46am Jan 5, 2009 3:46am
I got only 35 pips. Pretty scary drop. 200 pips is crazy
  • #1,915
  • Jan 5, 2009 4:27am Jan 5, 2009 4:27am
Quoting cobraforex
This could have been the reasons:
Yeah, and GoldmanSachs traders were the ones waiting at the bottom of the 200 pip drop to buy it up! Manipulation!

Happy New Year!

(heh, heh)
  • #1,916
  • Jan 5, 2009 6:48am Jan 5, 2009 6:48am
Quoting SpecialEd
Good morning all,

I hope someone just caught the nearly 200 PIP drop using THV. I was just waking up on east coast, so unfortunately, I was not ready to pull the trigger. It was a great move though. Chart attached.

Good trading to all,
I missed it too while sleeping.
  • #1,917
  • Jan 5, 2009 6:57am Jan 5, 2009 6:57am
Quoting TradeWell
I missed it too while sleeping.
ditto -
Pip what you see; See what you pip!
  • #1,918
  • Jan 5, 2009 7:03am Jan 5, 2009 7:03am
Quoting TradeWell
I missed it too while sleeping.
Hi TradeWell,

There were actually a couple of places to climb onboard along the way, using trend and support/resistance. I eventually got my daily goal and am now watching to learn. May have to take a nap, as I have been awake since 2:30am EST.

Good trading to you friend,
Ed
Up or down, gimme a ticket
  • #1,919
  • Jan 5, 2009 7:08am Jan 5, 2009 7:08am
Ecuador expects its economy to grow around 3 percent in 2009, Minister of Economic Policy Diego Borja said on Monday. - Reuters

They must have heard Cobra will be spending his 2008 profits this year.
  • #1,920
  • Jan 5, 2009 7:10am Jan 5, 2009 7:10am
Quoting SeerEye
ditto -
West coast USA is not the best place to be trading from.
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