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THV system, final edition

  • #3,681
  • Jan 30, 2009 6:05am Jan 30, 2009 6:05am
Hello everyone. Looks like no one wasted their time in the Asian and early London sessions last night. Not much traffic on the blog. I started trading at 5:15am EST today, but had to run out for 30 minutes so I missed the nice 60-PIP drop. I'll not post the chart because you all have seen a lot v2.1 charts this week, but if you want to see a nice set-up, go to 1135gmt on the M5. T3 crossing a confluence of Hull, Coral and Cloud. Fast Trix crossing down, red in color, over Slow Trix and 0 line. You can see similar on M1.

2765 and 2713 are next lines of support downward. May be tough to get PIPs today though. Trend is down, but also be alert for any type of retracement. We've dropped nearly 400 points since this time yesterday.

My two cents.
Up or down, gimme a ticket
  • #3,682
  • Jan 30, 2009 6:09am Jan 30, 2009 6:09am
Quoting royconnell
Thanks Cobra & team for this system & thread.
Is Version 2.1 downloadable? I can't find it.
Also, does anybody know how to turn on the alerts in THV 2.0?
Learning a lot here, tx again
Royconnell, v2.1 is not available yet. The development team is still testing, but should probably be released by Cobra sometime next week.

Regarding v2 alerts, on your MT4 menu, go to Chart/Indicators. There are alerts THV Coral and THV Trix. These names are not exact. Coral is in the main body of the chart, while Trix is in Indicator Window 1. If you hilite one of these indicators and press the Edit button, you'll see the settings (true/false) under the Inputs tab.

Should be good to go. Good trading to you.
Up or down, gimme a ticket
  • #3,683
  • Jan 30, 2009 6:21am Jan 30, 2009 6:21am
Quoting leņador
Hey guys...first time posting chats here...
Just to clarify...according to the rules...would you guys take this trade or do you have to wait for the coral to get red?? Would that be considered a valid but agressive entry or itīs simply an invalid entry??
I know you are probably busy tradding right now so take your time to reply to this...pips hunting comes first....

@ 5:55 on your chart was a trade? or wasn't?
  • #3,684
  • Jan 30, 2009 6:40am Jan 30, 2009 6:40am
Quoting leņador
Hey guys...first time posting chats here...
Just to clarify...according to the rules...would you guys take this trade or do you have to wait for the coral to get red?? Would that be considered a valid but agressive entry or itīs simply an invalid entry??
I know you are probably busy tradding right now so take your time to reply to this...pips hunting comes first....
Yes this was a valid entry Lenador, once permission on 5m, look at 1m to make sure it gives permission, sometimes on 1m PA may be in slight bounce back to a S/R or pivot.
If you took this, great job!
  • #3,685
  • Jan 30, 2009 6:46am Jan 30, 2009 6:46am
Quoting SpecialEd
Hello everyone..... I missed the nice 60-PIP drop. Trend is down, but also be alert for any type of retracement. We've dropped nearly 400 points since this time yesterday.
Good morning Ed, and everyone. I missed that one too, but you can probably guess why . I was exhausted last night.

Here's a 30M chart showing the channel we are in. It's not my normal chart but I quickly drew a clean one. You can see the channel we are in has been respected, except for a spike up (maybe EU unemployment reaction?). As Ed pointed out, we had a large drop, and Doblece pointed out we've had no significant retracement. One of the things I am looking for is a convincing break of the upper channel wall as a place to look for long signals on THV. But it's Friday so maybe next week. Or, maybe, more to the downside with a retracement later. Happy pippin!
Attached Image (click to enlarge)
Click to Enlarge Name: channel 1-29.gif Size: 9 KB
  • #3,686
  • Jan 30, 2009 6:48am Jan 30, 2009 6:48am
Quoting somi
Ichimoku cloud must be under Coral
Not necessarily. As long as T3 and PA have crossed Coral and candle closed on side of cloud in direction of trade, and our friend trix agrees, it is good entry!
Alot of this confusion will be gone with new THV2.1, but the THV2 is also excellent by its rules. The 2.1 is just cleaner and less rules for the mind.

Sometimes the cloud is above/below coral because fast move has not given cloud time to "float" back to PA.

Very good of you to be watching the cloud! Very important!
  • #3,687
  • Jan 30, 2009 6:55am Jan 30, 2009 6:55am
Quoting TradeWell
Good morning Ed, and everyone. I missed that one too, but you can probably guess why . I was exhausted last night.

Here's a 30M chart showing the channel we are in. It's not my normal chart but I quickly drew a clean one. You can see the channel we are in has been respected, except for a spike up (maybe EU unemployment reaction?). As Ed pointed out, we had a large drop, and Doblece pointed out we've had no significant retracement. One of the things I am looking for is a convincing break of the upper channel wall as a place to look for...
Hello TW, yeah I was pretty tired too. I got 6+ hours of uninterrupted sleep last night. I can't remember the last time that happened. Now I'm in a fog though and can't seem to get into trade mode. Have not taken a trade today, even a simple little scalp. May call it a week but will try a bit longer.

Thanks for your chart. I agree.
Up or down, gimme a ticket
  • #3,688
  • Jan 30, 2009 6:55am Jan 30, 2009 6:55am
Oops, forgot my manners! Good morning all THVers and guests, and a special howdy-do to TW!

I was going to get up and see London open, but the gofer blew up the alarm and went back into my hole as I saw my shadow. Just got up cause Mrs. Gofer brought me a huge cup of eye-opening, hot coffee. Yummm!
Good trades today all!
  • #3,689
  • Jan 30, 2009 6:57am Jan 30, 2009 6:57am
Quoting Gofer Pips
Oops, forgot my manners! Good morning all THVers and guests, and a special howdy-do to TW!

I was going to get up and see London open, but the gofer blew up the alarm and went back into my hole as I saw my shadow. Just got up cause Mrs. Gofer brought me a huge cup of eye-opening, hot coffee. Yummm!
Good trades today all!
Hi Gofer. Looks like you didn't miss anything in London. You could have gotten up at 6:00 and gotten the only big move there's been.

Have a good day friend.
Up or down, gimme a ticket
  • #3,690
  • Jan 30, 2009 7:01am Jan 30, 2009 7:01am
to the team - hope all is well where-ever you are. "May the pips be with you." (o.k. that's corny) best I could do on a Friday morning in Puddletown.

Seer
Pip what you see; See what you pip!
  • #3,691
  • Jan 30, 2009 7:10am Jan 30, 2009 7:10am
Quoting SpecialEd
Hello TW, yeah I was pretty tired too. I got 6+ hours of uninterrupted sleep last night. I can't remember the last time that happened. Now I'm in a fog though and can't seem to get into trade mode. Have not taken a trade today, even a simple little scalp. May call it a week but will try a bit longer.

Thanks for your chart. I agree.
I am somewhat in the same mode but I just took a trade after the retest and bounce off S2. Those are pretty easy to see (if alert enough) and one of the first kind of trades I ever learned (thanks to Cobra and Acumen). I don't know how far it will go because we are at the bottom of this channel I drew earlier. I already TP on it because of that, although I left a small portion, just in case. I could have entered about 10 pips better, but between my satellite internet delay and my broker delay it slipped down before my order was filled. No trades now until after the news, if at all.
  • #3,692
  • Jan 30, 2009 7:15am Jan 30, 2009 7:15am
Quoting Gofer Pips
Oops, forgot my manners! Good morning all THVers and guests, and a special howdy-do to TW!

I was going to get up and see London open, but the gofer blew up the alarm and went back into my hole as I saw my shadow. Just got up cause Mrs. Gofer brought me a huge cup of eye-opening, hot coffee. Yummm!
Good trades today all!
You lazy rodent! Here Ed and I are all bleary eyed, catching only catnaps all week long, and you have the nerve to "sleep in". I tell you, where is your dedication?
  • #3,693
  • Jan 30, 2009 7:17am Jan 30, 2009 7:17am
Quoting SeerEye
to the team - hope all is well where-ever you are. "May the pips be with you." (o.k. that's corny) best I could do on a Friday morning in Puddletown.

Seer
It's a beautiful morning on the West Coast. Thanks for the well-wishing, and use the force.
  • #3,694
  • Jan 30, 2009 7:28am Jan 30, 2009 7:28am
Quoting TradeWell
I am somewhat in the same mode but I just took a trade after the retest and bounce off S2. Those are pretty easy to see (if alert enough) and one of the first kind of trades I ever learned (thanks to Cobra and Acumen). I don't know how far it will go because we are at the bottom of this channel I drew earlier. I already TP on it because of that, although I left a small portion, just in case. I could have entered about 10 pips better, but between my satellite internet delay and my broker delay it slipped down before my order was filled. No trades...
I see that S2. Would you mind telling me how you set up the bounce? Did you use a pending trade or did you just click Sell? I see that it did not get all the way to S2, so how far in advance of it did you trigger, and what SL, if any did you use or plan on?

Thanks Tradewell.
Up or down, gimme a ticket
  • #3,695
  • Jan 30, 2009 7:29am Jan 30, 2009 7:29am
Quoting SeerEye
to the team - hope all is well where-ever you are. "May the pips be with you." (o.k. that's corny) best I could do on a Friday morning in Puddletown.

Seer
Good morning SeerEye, good trading to you today. What is Puddletown, Vancouver or Seattle?
Up or down, gimme a ticket
  • #3,696
  • Jan 30, 2009 7:32am Jan 30, 2009 7:32am
Quoting SpecialEd
Good morning SeerEye, good trading to you today. What is Puddletown, Vancouver or Seattle?
Portland/ Vancouver area -
Pip what you see; See what you pip!
  • #3,697
  • Jan 30, 2009 7:46am Jan 30, 2009 7:46am
Quoting SpecialEd
I see that S2. Would you mind telling me how you set up the bounce? Did you use a pending trade or did you just click Sell? I see that it did not get all the way to S2, so how far in advance of it did you trigger, and what SL, if any did you use or plan on?

Thanks Tradewell.
I sold in real time. I usually wouldn't do a pending order in this case because it may not bounce. Normally, you wait for the closing candle to agree with the direction of the trade, after the bounce (in this case M5), but I entered before the M5 bear candle closed. The momentum was down, and I'm sure a M1 candle or two closed bear, though I did not have an M1 chart open. Since pivots are more areas than definite lines in the sand, I felt this was close enough (within 3-4 pips) and didn't need to touch S2. SL was right on S2 after entry, and I moved to BE at 10 pips profit. M5 THV did not agree with the trade, though M1 THV was well-timed. This trade was more like a scalp than a normal THV trade, but I am finding that this is the beauty of THV. You can use it to time entries when using other strategies.
  • #3,698
  • Jan 30, 2009 7:47am Jan 30, 2009 7:47am
Quoting SeerEye
Portland/ Vancouver area -
I think Portland is just about my favorite city in America.
  • #3,699
  • Jan 30, 2009 7:53am Jan 30, 2009 7:53am
Quoting TradeWell
I think Portland is just about my favorite city in America.
Mine too
Pip what you see; See what you pip!
  • #3,700
  • Jan 30, 2009 7:54am Jan 30, 2009 7:54am
This last 30-40 pip move up had good signals on M1-M5 (v2.1), but because of current trend and recent news, I only watched. Many times I keep telling myself, "just trust THV".
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