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THV system, final edition

  • #2,481
  • Jan 16, 2009 1:54pm Jan 16, 2009 1:54pm
it is about traders choice. stare at the charts til you find a rhythm that clicks. This system is the best i've seen by far and i've seen alot of them that were loaded with stuff that were confusing.
  • #2,482
  • Jan 16, 2009 2:03pm Jan 16, 2009 2:03pm
Quoting sed34
you guys probably already tried it, but i use the v1 rules with the v2 chart. The coral is great. it is good as acting as support and resistance. Using the coral combined with the hull you can greatly predict continuations of a pair. I see why freddyfx prefered v1, but you can enhance it with v2 using v1 rules. I believe the hull is king. trix is second. I do not wait for it to be above/below 0. Green is leading. red is lagging. Its just like two moving averages, except much more sophisticated. I went back to the K.I.S.S. method. studied the charts....
you can do so like I mentioned in my post before as long as you feel good with it.

Hope you get your pips, let's keep informed next week how that workes out.
  • #2,483
  • Jan 16, 2009 2:15pm Jan 16, 2009 2:15pm
Quoting cobraforex
you can do so like I mentioned in my post before as long as you feel good with it.

Hope you get your pips, let's keep informed next week how that workes out.
yea, i need a good week live to see. It does have a weakness. Do not trade in low markets. unless you go for a 2 pip profit taking routine. On the trade simulator there was a lot of whipsaw in the asian sessions. London and US is the only time i trade now.
  • #2,484
  • Jan 16, 2009 2:43pm Jan 16, 2009 2:43pm
can u plz cobra answer this Qs in my post? http://www.forexfactory.com/showpost...postcount=2434

it is still little confusing to me ... i might didn't get it right.
is the coral color important to me or just its position?

i know even if i have entered i wouldn't have lost any pips as i should exit at the first candle changing color.
  • #2,485
  • Jan 16, 2009 2:59pm Jan 16, 2009 2:59pm
Quoting mentos
can u plz cobra answer this Qs in my post? http://www.forexfactory.com/showpost...postcount=2434

it is still little confusing to me ... i might didn't get it right.
is the coral color important to me or just its position?

i know even if i have entered i wouldn't have lost any pips as i should exit at the first candle changing color.
Hey Mentos,

Sorry I didn't answer that question earlier when I replied to your post. Color of Coral does not matter, just position. In the early days, we tried to go long on green, short on red, and flat on yellow, but lots of testing revealed that it DOES NOT matter.
Up or down, gimme a ticket
  • #2,486
  • Jan 16, 2009 3:02pm Jan 16, 2009 3:02pm
Quoting mentos
can u plz cobra answer this Qs in my post? http://www.forexfactory.com/showpost...postcount=2434

it is still little confusing to me ... i might didn't get it right.
is the coral color important to me or just its position?

i know even if i have entered i wouldn't have lost any pips as i should exit at the first candle changing color.
Give me some time please the electric power went and I'm to lazy to use the generator now, so I can't see your chart at the moment. May be TW can give a hand.
The color of the coral isn't important as long as the other rules are met.

Thanks ED, the posts where crossed
  • #2,487
  • Jan 16, 2009 3:09pm Jan 16, 2009 3:09pm
thank u SpecialEd ... thank u Cobra ... i got it.
  • #2,488
  • Jan 16, 2009 3:11pm Jan 16, 2009 3:11pm
Have a good, restful weekend everyone. Indulge in some libation this weekend Cobra. Try Jack Daniel Single Barrel.
Up or down, gimme a ticket
  • #2,489
  • Jan 16, 2009 3:12pm Jan 16, 2009 3:12pm
Quoting cobraforex
Cashmeer, when I’m talking about scalping I’m not referring too much on the THV rules . . .

This is the most rentable art to trade in my opinion (you can double an account in 1 month if you work really hard and with a good portion of luck with you but it’s not usual) but other say it’s not possible to be successful in scalping on the long term, well, if they think so.

Trading the THV on 5M and looking for a good early entry in 1M is a different story !!!...
So why don't you stick with THV if it's more reliable?

Boredome?
  • #2,490
  • Jan 16, 2009 3:19pm Jan 16, 2009 3:19pm
Quoting DocPMD
So why don't you stick with THV if it's more reliable?

Boredome?
It is THV but for very experienced traders that don't need too much confirmations.

The THV that we present here is made for everyone, even relative new traders that have made their homework.

I thought it was clear that this is a variant of THV that I personally use when PA is relative flat and I still want to have some fun, in Asian sessions for example.

I use the original V2 template while trading in the London session.

Is that clear now?

Sorry for my lack of english, can someone explain the meaning of Boredome?
  • #2,491
  • Jan 16, 2009 3:26pm Jan 16, 2009 3:26pm
Quoting DocPMD
So why don't you stick with THV if it's more reliable?

Boredome?
Scalping is just another strategy in a trader's portfolio... as a complement, especially during slow markets (which are not so good for THV as it has been discussed before).

I personally do scalping in much shorter TFs during the late US and Asia session on one of my platforms (Oanda), then on the MT4 one I use THV during mid-London - early NY session. This has allowed me to go back to "normal" sleep hours as I am at GMT -4.30 so it was really hard to keep on living inversely to my family...

I think it is good to have different styles and tools for different times of the day and timeframes... and THV as main core and most reliable one
  • #2,492
  • Jan 16, 2009 3:27pm Jan 16, 2009 3:27pm
Quoting cobraforex
It is THV but for very experienced traders that don't need too much confirmations.

The THV that we present here is made for everyone, even relative new traders that have made their homework.

I thought it was clear that this is a variant of THV that I personally use when PA is relative flat and I still want to have some fun, in Asian sessions for example.

I use the original V2 template while trading in the London session.

Is that clear now?

Sorry for my lack of english, can someone explain the meaning of Boredome?
Boredom - when the action is slow with THV you want to be trading.

Sorry for the original misspelling!

And yes, it is clear.

Thanks.
  • #2,493
  • Jan 16, 2009 3:28pm Jan 16, 2009 3:28pm
this is boredome// when its boring. no action//
Attached Image
Yea it's Life//
  • #2,494
  • Jan 16, 2009 3:46pm Jan 16, 2009 3:46pm
Quoting serj1
this is boredome// when its boring. no action//
Thanks, I got it now, yes it is boredom.

Sometimes the PA is so slow, like last night, that I have two chances: do something else or trade scalping.

The Oanda platform is nice for that because you have 5 second charts.
  • #2,495
  • Jan 16, 2009 3:59pm Jan 16, 2009 3:59pm
Hello I am a newbie and i dont have alot of time to sit by the computer. So i was just wondering if this system will work in higher time frame like 15min or 30min. I just want to demo and get the hang of the system.
This is the best system in the ff.
Thanks Cobra and the team for helping out people.
Yea it's Life//
  • #2,496
  • Jan 16, 2009 4:12pm Jan 16, 2009 4:12pm
Quoting serj1
Hello I am a newbie and i dont have alot of time to sit by the computer. So i was just wondering if this system will work in higher time frame like 15min or 30min. I just want to demo and get the hang of the system.
This is the best system in the ff.
Thanks Cobra and the team for helping out people.
Here are traders that use THV for 1H TF and look for a good entry at 5M, once you have your trade in 40 or more positive pips you set SL to BE and also your estimated TP or traling stop.

Take in account a good MM because a losing trade can hurt a lot if your pip value is too high.

And thanks for the kind words Serj
  • #2,497
  • Jan 16, 2009 4:31pm Jan 16, 2009 4:31pm
Quoting cobraforex
The Oanda platform is nice for that because you have 5 second charts.
Indeed. What is amazing as well, is that there are as accurate as any other TF as to patterns, I have seen no missing candles. M1 chart on my MT4 is often difficult in that sense...
  • #2,498
  • Jan 16, 2009 5:03pm Jan 16, 2009 5:03pm
I got an email from a trader that has problems with his eyes and requested bigger wicks to draw his trend lines, I thought to post it here for other traders that have the same problems.

These are really fat wicks !!!:nerd:
Attached File(s)
File Type: mq4 THV Heiken Ashi mag .mq4   4 KB | 895 downloads
  • #2,499
  • Jan 16, 2009 5:09pm Jan 16, 2009 5:09pm
Is it a one minute chart -- or a weekly chart?

It works on both.

--
Attached Image(s) (click to enlarge)
Click to Enlarge Name: thv-1m.gif Size: 28 KB
Click to Enlarge Name: thv-1w.gif Size: 30 KB
  • #2,500
  • Jan 16, 2009 5:12pm Jan 16, 2009 5:12pm
Quoting PistolDave
Is it a one minute chart -- or a weekly chart?

It works on both.

--
Yep
Stops will be waaay wider, though...
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