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THV system, final edition

  • #2,381
  • Jan 15, 2009 3:46pm Jan 15, 2009 3:46pm
Like Ed already pointed out, a great post and a good observation on the t3


Quoting ragu
After the first initial break of price across the Coral you most always get a small retrace back to the Coral, however don't let that shake you out of the trade. As long as the T3 line is on the same side as your trade direction, you should be fine.
  • #2,382
  • Jan 15, 2009 3:59pm Jan 15, 2009 3:59pm
Quoting cobraforex
It's a cat, what are you looking to?
I didn't see a cat.

Uh oh, Doblece is on the thread.
Up or down, gimme a ticket
  • #2,383
  • Jan 15, 2009 4:06pm Jan 15, 2009 4:06pm
a thought about stop losses. use the trix cross. besides, if you are long or short a change in the trix direction signals the end of the current direction regardless if it above/below zero. in some cases you would close out positive. in others you take a small hit. i think it is better then say 20, 30,50 set pip stop.
  • #2,384
  • Jan 15, 2009 4:18pm Jan 15, 2009 4:18pm
I can feel for anyone who had a rough day today. Although I made better than average pips, I often sat there wondering "what do I do now" while the price was gyrating every which way. I felt like I left gobs of pips on the table. Yesterday wasn't so good for me as Cobra and SpecialEd, so our trading is fine-tuned differently. I trade with THV, of course, but I also use the basic tools (fib's, pivots, TL's etc.), and sometimes only need those. Anyway, tomorrow's another day (which is here already) for more pips to be harvested.
  • #2,385
  • Jan 15, 2009 4:34pm Jan 15, 2009 4:34pm
Quoting ragu
After the first initial break of price across the Coral you most always get a small retrace back to the Coral, however don't let that shake you out of the trade. As long as the T3 line is on the same side as your trade direction, you should be fine.
Here is a visual example of a trade I took that did exactly that, retrace to the Coral which was above my T/L and below my S/L. I stood my ground...great observations !!
Attached Image (click to enlarge)
Click to Enlarge Name: thv 2 - 12.gif Size: 41 KB
Deprive a man of everything and you give him nothing to lose.
  • #2,386
  • Jan 15, 2009 5:18pm Jan 15, 2009 5:18pm
Quoting SpecialEd
Don't feel like the Lone Ranger, Cobra. After several weeks of great trading, I lost my head today and lost about a day's worth of work. Like a dumbaxx, I consciously let a trade get to -150 before the ECB conference and then when it retraced back to -119 pips, I killed it (so it would not run crazy higher). Price then proceeded to retrace all the way back to a daily low. I could have made a killing. Instead, I'm down a day, but there's always another trade and another day.

That is a lovely picture of your wife Cobra.

By the way, Ragu, that...
Thanks Special Ed & Cobra & Cashmeer. Yes, Today was really a good day when you take the perspective that it was ranging nicely...almost every advance was met with a near perfect retracement which allowed for some nice scalps in the middle.. there is another correlation that I've been noticing as well on the THV which if used correctly will help with the whipsaws. When my trigger is hit on the 1M chart I immediately look for a yellow bar on the horizontal Slope indicator on the 5M chart. This yellow bar should on the 5M chart should appear within a maximum of 5 1M candles. Thus if I a long trigger occurs on the 1M chart, I will then look to the slope indicator on the 5M and it should be pink and turning to yellow ( soon to be green ). Thus once the 5M Slope indicator turns yellow and it is within 5 1M candles my entry on my 1M chart is confirmed and I take the trade. I hope this doesnt sound confusing, however if you read it several times it should make sense...then my exit would be the change of color on the 5M price. Does that sound right Cobra?
  • #2,387
  • Jan 15, 2009 5:21pm Jan 15, 2009 5:21pm
Quoting TradeWell
I can feel for anyone who had a rough day today. Although I made better than average pips, I often sat there wondering "what do I do now" while the price was gyrating every which way. I felt like I left gobs of pips on the table. Yesterday wasn't so good for me as Cobra and SpecialEd, so our trading is fine-tuned differently. I trade with THV, of course, but I also use the basic tools (fib's, pivots, TL's etc.), and sometimes only need those. Anyway, tomorrow's another day (which is here already) for more pips to be harvested.
Glad you had a good day TW. I think I saw you online at about 0130PST, didn't I? Or maybe it was at around 4:00PST.
Up or down, gimme a ticket
  • #2,388
  • Jan 15, 2009 5:32pm Jan 15, 2009 5:32pm
Quoting ragu
Does that sound right Cobra?
Makes sense Ragu but I don't look too much at the slope because it's repainting badly.

I'm looking to the red trix and as soon as it formes a curve against my trade it makes me analyzing an exit.

Btw: I'm working on an indication in the trix window that gives us good exit points but isn't ready till now, I need a coder that helps.
  • #2,389
  • Jan 15, 2009 5:44pm Jan 15, 2009 5:44pm
Quoting cobraforex
Makes sense Ragu but I don't look too much at the slope because it's repainting badly.

I'm looking to the red trix and as soon as it formes a curve against my trade it makes me analyzing an exit.

Btw: I'm working on an indication in the trix window that gives us good exit points but isn't ready till now, I need a coder that helps.

Got it..ok...good....I'll keep an eye on the slope of the red Trix and once it goes against the trade on the 5M chart, it should be a good indicator as to the remaining strength of the trade. Thx.
  • #2,390
  • Jan 15, 2009 6:02pm Jan 15, 2009 6:02pm
Quoting cobraforex
This would be a countertrend trade, if the PA is above the coral you should only take long trades and vice versa.
uha .... understood ... so the trend is my friend

didn't notice that Mrs. coral represents the trend.
  • #2,391
  • Jan 15, 2009 6:10pm Jan 15, 2009 6:10pm
Quoting SpecialEd
Glad you had a good day TW. I think I saw you online at about 0130PST, didn't I? Or maybe it was at around 4:00PST.
Yep, I was up for the whole London market. You will see me again there tomorrow. I am changing my schedule.
  • #2,392
  • Jan 15, 2009 6:13pm Jan 15, 2009 6:13pm
Quoting TradeWell
Yep, I was up for the whole London market. You will see me again there tomorrow. I am changing my schedule.
Did you see the cat?
  • #2,393
  • Jan 15, 2009 6:18pm Jan 15, 2009 6:18pm
I think a poll would be a nice addition to this thread =) Everybody loves polls!
Probability Professor
  • #2,394
  • Jan 15, 2009 6:41pm Jan 15, 2009 6:41pm
Quoting cobraforex
Did you see the cat?
If he was up in the middle of the night, he probably missed the cat. Sounds like he's gonna miss some cat for the foreseeable future, too. My cat and I are on wildly different sleeping schedules since I started trading so much. Makes for nice weekends.'

Good trading all,
Ed
Up or down, gimme a ticket
  • #2,395
  • Jan 15, 2009 7:46pm Jan 15, 2009 7:46pm
I traded today with a good friend, but he didn't feed me lunch. So I had to bring a bag lunch
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  • #2,396
  • Jan 15, 2009 7:59pm Jan 15, 2009 7:59pm
Quoting Gofer Pips
I traded today with a good friend, but he didn't feed me lunch. So I had to bring a bag lunch
YOU EAT CATS?

What about this one, looks like it's just coming out of your teeth factory.

but let's come back to topic, we will get problems with Cashmeer, he hates when we talk abbout chicken, snakes and cats.
Attached Image
  • #2,397
  • Jan 15, 2009 8:19pm Jan 15, 2009 8:19pm
Here a chart on 1M, we had some good entries here (the red boxes).

BTW: when the PA bounce away from a DP you shouldn't wait for too many confirmation of the coral, it's confirmation enough.

In the trix indicator you see an additional indi that gives pretty good exits (The boxes), in case of interest I'll post it here to try.
Attached Image (click to enlarge)
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  • #2,398
  • Jan 15, 2009 8:33pm Jan 15, 2009 8:33pm
My questions:
1)I have noticed that when the green trix crosses the red trix with a steep angle, regardless of zero position relationship, that a reversal ( retrace) is about to occur. In other words, candle color is about to change soon. Is this an accurate observation? And could this be an early indication to exit trade?

2)When both trix are +/- the 0, is there any correlation to strength of move based on steepness of trix( green)?

This trix indicator I have read what I could find on it, but I think a little more in depth explanation of the indicator and what data it is based upon, might help others( hint: me) to pay better attention to it.

I have posted charts with vertical lines on candles to demonstrate #1 with box around trix, and box for #2 and description of flat area.
Attached Image (click to enlarge)
Click to Enlarge Name: 0_trix.png Size: 65 KB
  • #2,399
  • Jan 15, 2009 8:48pm Jan 15, 2009 8:48pm
1. Yes, you should have an eye on a green trix cross but I would put it in questin marks. Take it as an alarm but not as a confirmation to exit.

2. Yes, especially the angle of the red trix line gives you an idea of the strength of the move

3. .......Oh, there is no 3

The trix is the heart of the system and for me the most important indicator like it shows you divergence as well.

Quoting Gofer Pips
My questions:
1)I have noticed that when the green trix crosses the red trix with a steep angle, regardless of zero position relationship, that a reversal ( retrace) is about to occur. In other words, candle color is about to change soon. Is this an accurate observation? And could this be an early indication to exit trade?

2)When both trix are +/- the 0, is there any correlation to strength of move based on steepness of trix( green)?

This trix indicator I have read what I could find on it, but I think a little more in depth explanation of the...
  • #2,400
  • Jan 15, 2009 8:55pm Jan 15, 2009 8:55pm
Quoting cobraforex
1. Yes, you should have an eye on a green trix cross but I would put it in questin marks. Take it as an alarm but not as a confirmation to exit.

2. Yes, especially the angle of the red trix line gives you an idea of the strength of the move

3. .......Oh, there is no 3

The trix is the heart of the system and for me the most important indicator like it shows you divergence as well.
Yes, but doesn't the red trix lag? The green trix seems to give an earlier indication of strength, and seems red crosses zero as PA crosses cloud.

What exactly is the trix indicating, momentum, strength, volume?
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