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THV system, final edition

  • #2,341
  • Jan 14, 2009 7:02pm Jan 14, 2009 7:02pm
In this chart we can observe that the indicator posted by Omni, some hours before, doesn't work well.

It gives signals when the PA is below the cloud and the candle is red in this example.

Anyhow that could get fixed but it is a good example why I like to get informed before new indicators get introduced.
Someone get it on his chart and later claims that the system doesn't work.
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  • #2,342
  • Jan 14, 2009 7:41pm Jan 14, 2009 7:41pm
Hi Cobra ... hope everything is fine

i ve been off for about 2 months now since my last crash trade (if u can remember it).... i hope now am in the "The start up again time" mentioned in your Post # 75

Quoting cobraforex
There is no fun enjoying alone, sharing it makes the party

may i enter this awesome party my friend? ... i am sure i ll have some fun if i followed the rules , respected Mrs. Coral ... and remembered what MM means ...

MANY thanks for your system .. i ll try it for a month or may be two before turning to live.

but wats up with acumen's site??? ... i can't open it !
  • #2,343
  • Jan 14, 2009 8:00pm Jan 14, 2009 8:00pm
Quoting mentos
Hi Cobra ... hope everything is fine

i ve been off for about 2 months now since my last crash trade
MANY thanks for your system .. i ll try it for a month or may be two before turning to live.

but wats up with acumen's site??? ... i can't open it !
Nice to have you back Mentos.

Please read through the lines, there is a ton of information posted since you're gone.

Happy trading and thanks for the kind words

Oh, the web from acumen, I don't know, he's wrighting a book about Pivots and it may take some time till he comes back.
  • #2,344
  • Jan 14, 2009 8:33pm Jan 14, 2009 8:33pm
missed a good trade earlier. will wait for the next one. confirmed with elliot wave and bollinger bands.

as stated earlier this is my alterations and not thv v2 on page 1
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  • #2,345
  • Jan 14, 2009 8:39pm Jan 14, 2009 8:39pm
Quoting sed34
missed a good trade earlier. will wait for the next one. confirmed with elliot wave and bollinger bands.

as stated earlier this is my alterations and not thv v2 on page 1
Yes, I see that you grabbed deap in your indicator box, but if it works for you, why not.

Leave some space for drawing trendlines, that really will help you.

If you don't know exactly how to draw them, there is an indicator for it.
  • #2,346
  • Jan 14, 2009 8:42pm Jan 14, 2009 8:42pm
Quoting sed34
missed a good trade earlier. will wait for the next one. confirmed with elliot wave and bollinger bands.

as stated earlier this is my alterations and not thv v2 on page 1

http://www.forexfactory.com/attachme...1&d=1231986791
Too much indicators confirmation will cause u late entry ..Buddy..

Sonic
  • #2,347
  • Jan 14, 2009 8:43pm Jan 14, 2009 8:43pm
Quoting cobraforex
Yes, I see that you grabbed deap in your indicator box, but if it works for you, why not.

Leave some space for drawing trendlines, that really will help you.

If you don't know exactly how to draw them, there is an indicator for it.
yep. that's right
  • #2,348
  • Jan 14, 2009 8:47pm Jan 14, 2009 8:47pm
Quoting sonicdeejay
Too much indicators confirmation will cause u late entry ..Buddy..

Sonic
i changed the hull setting. it is the leading indicator. the trix is the second confirmation. followed by elliot wave. then i look at the arrows on the chart for agreement among other things.
  • #2,349
  • Jan 14, 2009 8:49pm Jan 14, 2009 8:49pm
Cobra, many thanx for your cool system!

Two questions please:

1. The cobra line. It's not spelled out in detail in the instructions, but are we only supposed to take a Long if the cobra shows green, and red for a Short? I ask because I've noticed that PA & T3 is sometimes on the "right" side of the clouds, but the cobra is showing the "wrong" color. Are we supposed to wait until it cycles through again with EVERYTHING lining up exactly right?

2. In the instructions the Trix is mentioned as being above or below zero. But zero is all the way to the bottom of the indi. The grey center line is 50. Which is correct, the zero (bottom) line or the 50 (center) line? (I'm thinking it's the center line, but I'd like to see it in writing...)

Thanks for everything!
" Average traders look to the left, great traders look to the right."
  • #2,350
  • Jan 14, 2009 8:49pm Jan 14, 2009 8:49pm
and besides i'm still experimenting.
  • #2,351
  • Jan 14, 2009 8:51pm Jan 14, 2009 8:51pm
Quoting sed34
missed a good trade earlier. will wait for the next one. confirmed with elliot wave and bollinger bands.

as stated earlier this is my alterations and not thv v2 on page 1
Bands are good. Especially if you need "boundaries" as I do. I only trade with them on my extreme scalping, though.

And trading journey goes by stages, maybe you're still going through the stage where lots of confirmations are needed... and this also is good. Little by little one evolves from one stage to the other, the important thing is to go through all the stages and learn something every day, meanwhile being able to keep on the markets and go on growing the account

All this while being comfortable with the tools that help you along the way.

Take care and plenty of pips to you!
  • #2,352
  • Jan 14, 2009 8:51pm Jan 14, 2009 8:51pm
Quoting magicchance
Cobra, many thanx for your cool system!

Two questions please:

1. The cobra line. It's not spelled out in detail in the instructions, but are we only supposed to take a Long if the cobra shows green, and red for a Short? I ask because I've noticed that PA & T3 is sometimes on the "right" side of the clouds, but the cobra is showing the "wrong" color. Are we supposed to wait until it cycles through again with EVERYTHING lining up exactly right?

2. In the instructions the Trix is mentioned as being above or below zero. But zero is...
both of the trix above the grey line line is when you consider entry for long. when the rules add up on page one.
  • #2,353
  • Jan 14, 2009 8:55pm Jan 14, 2009 8:55pm
considering demo trading short.
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  • #2,354
  • Jan 14, 2009 8:56pm Jan 14, 2009 8:56pm
Quoting magicchance
2. In the instructions the Trix is mentioned as being above or below zero. But zero is all the way to the bottom of the indi. The grey center line is 50. Which is correct, the zero (bottom) line or the 50 (center) line? (I'm thinking it's the center line, but I'd like to see it in writing...)
You're absolutely right, thanks for the observation!
It is indeed the center line that we are taking into account.
  • #2,355
  • Jan 14, 2009 8:57pm Jan 14, 2009 8:57pm
I'm sure you are talking about the Coral, not the cobra but it's not so important because both are snakes.

I stated once that the color doesn't matter as long as the other rules are met.

The trix middle line is zero but shows up as 50 on the right side of the indicator because of the overlayed RSI indicator, it's a coding issue that once I'm getting better in coding will be corrected.




Quoting magicchance
Cobra, many thanx for your cool system!

Two questions please:

1. The cobra line. It's not spelled out in detail in the instructions, but are we only supposed to take a Long if the cobra shows green, and red for a Short? I ask because I've noticed that PA & T3 is sometimes on the "right" side of the clouds, but the cobra is showing the "wrong" color. Are we supposed to wait until it cycles through again with EVERYTHING lining up exactly right?

2. In the instructions the Trix is mentioned as being above or below zero. But zero is...
  • #2,356
  • Jan 14, 2009 9:00pm Jan 14, 2009 9:00pm
the market is extremely tight confirmed by the bollinger bands. will stay out til i see a break. doblece, can you check my trend lines.
  • #2,357
  • Jan 14, 2009 9:06pm Jan 14, 2009 9:06pm
Quoting sed34
the market is extremely tight confirmed by the bollinger bands. will stay out til i see a break. doblece, can you check my trend lines.
I usually draw the trendlines from the highs or lows (you can use the wicks or shadows for it). Also, I will be drawing the main trendlines from a higher timeframe to have the whole picture under the eyes, different TFs are like those russian puppets, one inside the other and each with its own patterns, but by having the main lines you are assured not to miss or mistake the real trend.

For M5, having a trend line from M30 is farily accurate, IMO.
  • #2,358
  • Jan 14, 2009 9:12pm Jan 14, 2009 9:12pm
Thank you so much everyone for the quick replies!

Cobra, a follow up please....

Has it been shown whether or not the move is stronger & more reliable IF the coral line IS the same color as the move?
" Average traders look to the left, great traders look to the right."
  • #2,359
  • Jan 14, 2009 10:11pm Jan 14, 2009 10:11pm
Hi Cobra,

Can you post the trendline indicator that you mentioned here? Like to test it out. If it really helps, I may forgo manual drawing of trendlines.

Cheers,
CaveMan

Quoting cobraforex
Yes, I see that you grabbed deap in your indicator box, but if it works for you, why not.

Leave some space for drawing trendlines, that really will help you.

If you don't know exactly how to draw them, there is an indicator for it.
  • #2,360
  • Jan 14, 2009 10:20pm Jan 14, 2009 10:20pm
been a slow day ontil now
had expected a retrace up to 61 or 78 fib
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