THV system, final edition | Page 116 | 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

  • #2,301
  • Jan 14, 2009 2:48pm Jan 14, 2009 2:48pm
Quoting karun
I am wondering is there a possibility that we may have a valid setup in 5M, while 1M it might not agree? or going in another direction?

Also if you are trading on 5M, how to decide on entry price based in 1M? The price does not change between 1M and 5M, so what are we looking for? may be how the price moves with in that 5M in a 1M time frame?

Sorry if this confusing or a stupid question , I am trying to understand how to look for 1M for a better entry and how does it differ from taking a entry based on 5M chart.

Thanks
There are various possibilities:
M5 with a valid setup which isn't yet mature on M1 or in the middle of one of those "little retraces" I mentioned in one of my earlier posts.
There you would have to wait for M1 to agree with all the conditions, and then enter.

M5 with a valid setup but about to turn around (watch the Trix and/or RSI for example), and/or on a sideways market. There you should stay out until trend is more clearly defined.

I'll try to post a chart to illustrate, later on.
  • #2,302
  • Jan 14, 2009 2:54pm Jan 14, 2009 2:54pm
Do you think this late in the session it could make a strong move up....or down to the previous level of support?

Should I even be trading right now?
Attached Image (click to enlarge)
Click to Enlarge Name: thv 2 - 9.gif Size: 36 KB
Deprive a man of everything and you give him nothing to lose.
  • #2,303
  • Jan 14, 2009 2:57pm Jan 14, 2009 2:57pm
Quoting cashmeer
Do you think this late in the session it could make a strong move up....or down to the previous level of support?

Should I even be trading right now?
This time of day, strong moves are rare, IMO.

Not typically a good time to trade unless you are very experienced.
  • #2,304
  • Jan 14, 2009 2:58pm Jan 14, 2009 2:58pm
Quoting TradeWell
This time of day, strong moves are rare, IMO.

Not typically a good time to trade unless you are very experienced.
so that would rule me out !

I was hoping it would pop like a bottle of champiagn...I did not get to trade today and I was wanting some pips !
Deprive a man of everything and you give him nothing to lose.
  • #2,305
  • Jan 14, 2009 3:03pm Jan 14, 2009 3:03pm
Quoting sed34
I have over 500 indicator in my folder. i know there's got to be a winning combination.

i'm going to remove the cloud. it doesn't really do anything for me. change the hull settings and remove the coral. i'll keep the 60 period ave. seems to work well.

well, i have to strategize now.
It is up to everyone to adjust any trading system to one's own best comfort and results. However, there is a common mistake that we all make at one time or another of our trading journey, and it is not to stick with any system, changing and jumping from one to another as soon as results are not what we expect (usually, we ALL at one point or another expect trading to be a 100% win/win situation, which NO system will give, even the best ones).

I personally HATE losing. But I've come to grips with it and now I trash happily and really fast any dubious position on my tablets. With no looking back, except for a thorough analysis of what really happened. It might be an outside distraction, a lag in entry, a stop too tight, or simply an error of criteria. Or overtrading. Even a fear or greed thought just passing by our minds, or an over-contentment feeling because of previous wins, can trigger the mistake. There is always a why.

Each and every combination of any indicators in any system, is in the end just a tool that we use to give us the impulse to trigger the trade. The only most important thing to watch, is real time price action, and overall picture for the trend. The rest are filters that will alert us about the market conditions and will prevent us to make more mistakes that needed, also giving precise indications of which are the better entries at a given time.

Furthermore, and even above price action, the most important thing to watch is the trader itself. Our state of mind. And have the courage to stop trading if our own trading conditions are not the best, even if the charts are sooo inviting with all those pips running up or down and we're not in the market to take them all... Geez, it's really hard indeed.

It is very important to make a halt and analyze thoroughly what were the reasons for the trades that didn't work out as expected. After that, you will always have learned a new lesson which will remain with you forever and you'll grow in experience and confidence.
  • #2,306
  • Jan 14, 2009 3:04pm Jan 14, 2009 3:04pm
Is this hidden bear Divergnce? Or does the next few candle in the 5 min need to confirm that?

Also, is it more accurate to use the red trix for divergence or the green trix?
Attached Image (click to enlarge)
Click to Enlarge Name: thv 2 - 10.gif Size: 32 KB
Deprive a man of everything and you give him nothing to lose.
  • #2,307
  • Jan 14, 2009 3:05pm Jan 14, 2009 3:05pm
Quoting cashmeer
Do you think this late in the session it could make a strong move up....or down to the previous level of support?

Should I even be trading right now?
The only thing that I can tell you is that today is Wednesday (triple swap day), and it is usual to see some kind of move up at the very end of the session... but just be careful. If in doubt, and charts don't tell anything, better to stay out.
  • #2,308
  • Jan 14, 2009 3:10pm Jan 14, 2009 3:10pm
Quoting doblece
The only thing that I can tell you is that today is Wednesday (triple swap day), and it is usual to see some kind of move up at the very end of the session... but just be careful. If in doubt, and charts don't tell anything, better to stay out.
triple swap day....oh yeah...I forgot about the triple swap day

investpodedia??? google.com???

actually I'm boycotting google and using live.com from now on...

so I'm going to live "triple swap day"...
Deprive a man of everything and you give him nothing to lose.
  • #2,309
  • Jan 14, 2009 3:13pm Jan 14, 2009 3:13pm
Quoting cashmeer
don't get discouraged, you'll end up discouraging others...
Though it is true that we are often influenced by what others say or do, I strongly believe that a trader has to build his/her trust in the system he/she uses, by OWN experience and results. This is also a reason why we shouldn't be simultaneously trading and posting (or reading posts).

If something is working for you, just stick to it with confidence, and through all ups and downs.

If any doubt arises, even slightly, stop trading and check out what is happening.
  • #2,310
  • Jan 14, 2009 3:15pm Jan 14, 2009 3:15pm
Quoting cashmeer
so I'm going to live "triple swap day"...
... but don't forget the rules
  • #2,311
  • Jan 14, 2009 3:24pm Jan 14, 2009 3:24pm
Quoting doblece

Originally Posted by cashmeer
so I'm going to live "triple swap day"...

... but don't forget the rules
I think he / she was saying like

I'm going to google "triple swap day"... Live is another search engine....
  • #2,312
  • Jan 14, 2009 3:31pm Jan 14, 2009 3:31pm
Hi Sed34
I think that the first thing you need to do is understand your personality and style of trading and then ask yourself whether a particular system will suit you. I think that is the way to go. Even though a system maybe very good it doesn't follow that everyone would be succesful with it. Personally I have gone through nearly all the systems on FF, before understanding that it is all about the trader. You really must understand your pysche.
Personally the THV is robust and well defined system as it is and I use it to complement my other systems. Hope this helps.

Quoting sed34
i'll take a look at it. for now i am going to disect this system. I have over 500 indicator in my folder. i know there's got to be a winning combination.

i'm going to remove the cloud. it doesn't really do anything for me. change the hull settings and remove the coral. i'll keep the 60 period ave. seems to work well.

well, i have to strategize now.
LISTEN TO MR FUNDAMENTAL AND MR TECHNICAL
  • #2,313
  • Jan 14, 2009 3:34pm Jan 14, 2009 3:34pm
Quoting karun
I am wondering is there a possibility that we may have a valid setup in 5M, while 1M it might not agree? or going in another direction?

Also if you are trading on 5M, how to decide on entry price based in 1M? The price does not change between 1M and 5M, so what are we looking for? may be how the price moves with in that 5M in a 1M time frame?

This might not be the best example but as Trix doesn't go too far in history I took a picture of one of today's setups which more or less matches your question.

The entry decision would be when both TF setups agree with conditions and rules.

Please do check the example on your own charts so to have a clearer view.
You can see that at the time we have a valid setup on M5 (the yellow dotted vertical line), Trix is pointing up in M1, PA has crossed T3 and is crossing the cloud, slope indicator is yellow, and the candle is of the opposite colour. We would have to wait for it to cross back the cloud and T3, and Trix back down below zero, which occurs a few minutes later.

Any other doubt just let me know.

P.S.: Please do not pay attention to my channel indi with arrows, it is not a part of the system, I forgot to take it off... I use SAR for stops, and the Sweet Spots psych levels as an addition to pivot lines.
Attached Image (click to enlarge)
Click to Enlarge Name: thv_m1_m5.PNG Size: 68 KB
  • #2,314
  • Jan 14, 2009 3:35pm Jan 14, 2009 3:35pm
Well, let’s come to the explanation why I said it was a good trading day.

In early NY session PA broke the DP and retested it twice, a great chance to jump in a trade that was confirmed with the THV rules on 5 and 15M.

Once retesting MS1 the trend got ahead and touched 1.31, a support that I took two days ago from 2 highs on 4H.

When the PA touched that level I was immediately looking for a valid 1M long setup that took me till 50% Fib retrace and I TP.

After retest of S1 it got again northwards till 61.8 Fib and entered in a range after London close. (I forgot to mark that trade)

That was the moment that I switched from E/U to E/Y that gives me for the same moves more pips and it has only one point more spread than the E/U.

I had a really good day, the best this year and I’m sorry that may be others didn’t do so but today the PA was obvious and an open book to read.

For the next hours I'm awaiting a retrace of 61.8 of the complete bear move, about 80 pips or so but this is no call, trade it only if you see it on your chart.

I’m going to close the trading room now and have a relaxing Jack Daniels and be back for the London session..
Attached Image (click to enlarge)
Click to Enlarge Name: 1.14 eu.gif Size: 38 KB
  • #2,315
  • Jan 14, 2009 3:39pm Jan 14, 2009 3:39pm
Quoting doblece
This is also a reason why we shouldn't be simultaneously trading and posting (or reading posts).
If it is negatively affecting others, I will stop posting during the trading sessions...I know you are not reprimanding me for this....I just post to point out various entries, ususally after the fact...

The divergence question was about using the green or red trix [which no one answered] and the heads or tails chart was really heads or tails...

As Karun mentioned I mean that I am going to live.com [microsofts websearch] "triple swap day" to find out what it means...

Doblece, thank you for everything!
Deprive a man of everything and you give him nothing to lose.
  • #2,316
  • Jan 14, 2009 3:47pm Jan 14, 2009 3:47pm
Quoting cobraforex
Well, let’s come to the explanation why I said it was a good trading day.
That was an excellent explanation! One worth archiving...i missed out on everything today except for the last trade on the 1 min from the 38.2 back up to the 50 on the fibs...good for around 12 pips...

I am really beginning to enjoy this...

someone cheer sed34 up !
Deprive a man of everything and you give him nothing to lose.
  • #2,317
  • Jan 14, 2009 3:49pm Jan 14, 2009 3:49pm
Quoting cashmeer
If it is negatively affecting others, I will stop posting during the trading sessionsDoblece, thank you for everything!
Please keep posting your charts, you are one of the traders that got it and it helps others to understand the system.
  • #2,318
  • Jan 14, 2009 3:54pm Jan 14, 2009 3:54pm
Quoting doblece
This might not be the best example but as Trix doesn't go too far in history I took a picture of one of today's setups which more or less matches your question.

The entry decision would be when both TF setups agree with conditions and rules.

Please do check the example on your own charts so to have a clearer view.
You can see that at the time we have a valid setup on M5 (the yellow dotted vertical line), Trix is pointing up in M1, PA has crossed T3 and is crossing the cloud, slope indicator is yellow, and the candle is of the opposite colour....
So, in this case the valid entry would be the 4th candle after the marked candle with yellow vertical line.? another question is, lets say if the 4th candle is valid I wait for that candle to close so that I can enter in the next candle however if the next candle is green, but stays below T3, I can still take the trade? My guess, the answer is yes, can you confirm this please?

Thanks for all your patience in explaining all these things.
  • #2,319
  • Jan 14, 2009 3:54pm Jan 14, 2009 3:54pm
Quoting cashmeer

someone cheer sed34 up !
Okehiedon already pointed out what is neccesary, nothing to add there.

You need to be a damn good driver to conduct a Formel One car.
  • #2,320
  • Jan 14, 2009 4:01pm Jan 14, 2009 4:01pm
Quoting sed34
i had a winning streak yesterday, but today has been a losing streak. following the rules. i do not anticipate a trade. i wait for the candle to close. look at the 1 minute to confirm entry. It worked great yesterday, but today the market seems to want to screw me over.
Was the market on more of a trending mode yesterday than today? Were you trading with the trend both days?
5 traders viewing now