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THV system, final edition

  • #4,401
  • Feb 3, 2009 8:57am Feb 3, 2009 8:57am
Quoting SpecialEd
Almost. It is amazing how many pips I leave on the table because I don't trust the Trix as much as I should. The trix patterns and tendencies are definitely worth studying. A lot of .
Very good observation Ed, that is what I try to do actually, the trix formes pattern same like candlesticks.

The Trix is relative new and the study will take some time to see the % of hit rate each one has.
  • #4,402
  • Feb 3, 2009 8:59am Feb 3, 2009 8:59am
Quoting cobraforex
Very good observation Ed, that is what I try to do actually, the trix formes pattern same like candlesticks.

The Trix is relative new and the study will take some time to see the % of hit rate each one has.
I see this too. Starting to get a feel for it but scalping is a b1tch.
  • #4,403
  • Feb 3, 2009 9:03am Feb 3, 2009 9:03am
Quoting Gofer Pips
Yes, confirm on THV signal!!!!!
THV on wich TF? M5, M15?
  • #4,404
  • Feb 3, 2009 9:04am Feb 3, 2009 9:04am
Quoting NosferatuMan
And by confirmation you mean what? THV3 rules in M5?
A break and retest of the coral in 1M would be a first confirmation, second the cross of both trix lines in 5m.

But you know that each strong move needs to pause at a certain point and that still doesn't mean that the trend changed.

To confirm a trend change of a strong move I would wait for the cross of the fast trix to the zero line in 5M.

if you want to scalp some pips on 1M ignore that but take care of the trendlines.
  • #4,405
  • Feb 3, 2009 9:06am Feb 3, 2009 9:06am
Quoting cobraforex
A break and retest of the coral in 1M would be a first confirmation, second the cross of both trix lines in 5m.

But you know that each strong move needs to pause at a certain point and that still doesn't mean that the trend changed.

To confirm a trend change of a strong move I would wait for the cross of the fast trix to the zero line in 5M.

if you want to scalp some pips on 1M ignore that but take care of the trendlines.
I see it now

Thank you
  • #4,406
  • Feb 3, 2009 9:08am Feb 3, 2009 9:08am
Quoting hajots
my problem with v3: I find that the pivot levels in 1M and 5M are different to those in larger TFs. Does anybody else see this behavior? If not, any ideas, what could be the reason?
R1 on M1: 1.2869
R1 on M5: 1.2869
R1 on M15: 1.2880
R1 on M30: 1.2880

I guess this should not happen? Any ideas?

Thx, hajots.
  • #4,407
  • Feb 3, 2009 9:09am Feb 3, 2009 9:09am
this was nice!
  • #4,408
  • Feb 3, 2009 9:11am Feb 3, 2009 9:11am
Quoting Gofer Pips
Bearish divergence on the 1HR= Yes
Good job nosferatuman!
BIG PICTURE
Also daily S/R at .2970
Gofer. I'm always curious how you use so many lines on your daily S/R. Quite confusing for me read your chart
Manage your risk accordingly and you're half done your home work.
  • #4,409
  • Feb 3, 2009 9:11am Feb 3, 2009 9:11am
News suck

with every good US news the EUR gains more space, what a mess, who's gonna understand that crap?

Good that we only trade what the chart shows.
  • #4,410
  • Feb 3, 2009 9:18am Feb 3, 2009 9:18am
Quoting cobraforex
News suck

with every good US news the EUR gains more space, what a mess, who's gonna understand that crap?

Good that we only trade what the chart shows.
I went long on EURJPY and suddenly it's up. With +20, I assume it won't be back, I move my SL to BE and... bum!! She hit my SL to go up once more. Now I left the train.

New lesson not to fast move your SL especially when news time.

With +6.3% pending home sales. Think the market will move higher and higher today.
Manage your risk accordingly and you're half done your home work.
  • #4,411
  • Feb 3, 2009 9:19am Feb 3, 2009 9:19am
Cobra:
You ever seen the coral disappear?
Mine's gone and it won't come back...

Gruesse aus der Heimat
  • #4,412
  • Feb 3, 2009 9:21am Feb 3, 2009 9:21am
Quoting cobraforex
News suck

with every good US news the EUR gains more space, what a mess, who's gonna understand that crap?

Good that we only trade what the chart shows.

USD is world's number one, if the news is bad for USA then EUR and GBP will be bad too, that's why everybody will pull their money out of other country's because USA is engine for EUR and GBP and many more
  • #4,413
  • Feb 3, 2009 9:24am Feb 3, 2009 9:24am
Quoting cobraforex
News suck

with every good US news the EUR gains more space, what a mess, who's gonna understand that crap?

Good that we only trade what the chart shows.
I've been saying the same thing for three months -- just the opposite though. Everytime there was bad news for USD the E/U would drop more.

Seems like it should do the opposite, but how would I know? I'm just trying to be logical.
  • #4,414
  • Feb 3, 2009 9:28am Feb 3, 2009 9:28am
THV is coming around to a buy signal, but it's so overbought - plus the divergence on M30. Tricky trading.
  • #4,415
  • Feb 3, 2009 9:29am Feb 3, 2009 9:29am
Quoting cobraforex
News suck

with every good US news the EUR gains more space, what a mess, who's gonna understand that crap?

Good that we only trade what the chart shows.
Yeah that news took out my stop. I was cashing in on the retrace.
  • #4,416
  • Feb 3, 2009 9:32am Feb 3, 2009 9:32am
Quoting personalme
Gofer. I'm always curious how you use so many lines on your daily S/R. Quite confusing for me read your chart
Only note the numbers and colors in the right column, do not let the lines overwhelm.
I have a key on the chart for daily,hourly, and 15 min S/R.
The weakest being 15 min.
This is a dynamic, changing chart that I use to keep a historical tracking of strong supports and resistances based on the different time frames.
For example, as price continues to revisit a price on the 15 and bounces, either as support if movement is down or resistance as price moves up, I add a corresponding colored line.
As these lines become stronger, you will see them become support and resistance in higher time frames, and their color will change to the higher timeframe until they become a daily.
I do not trade these, I use them to keep track of historicals to watch and their correlation on the pivots on our THV, and trade based upon THV rules.
I do the same with Fibs, which there was a discussion about last week( I think it was Thursday or Friday).
This is my methods, and they are always subject to modification.
I ascribe to Eimstein's theory of Stupidity, "Keep doing the same thing and expect a different result"
As of now these work for me, when they quit, in the sh!t can they go,and I only share as others may see price differently and it could help them see the big picture.
This is the method to my madness!
  • #4,417
  • Feb 3, 2009 9:32am Feb 3, 2009 9:32am
Quoting wiKKid
Cobra:
You ever seen the coral disappear?
Mine's gone and it won't come back...

Gruesse aus der Heimat
You've got to have the T3 THV.ex4 file on which the Coral is based (check into attachments).
OR redownload the V3.zip, and substitute your actual Coral with the Coral in there, plus the THV3 T3.ex4.
  • #4,418
  • Feb 3, 2009 9:32am Feb 3, 2009 9:32am
Quoting wiKKid
Cobra:
You ever seen the coral disappear?
Mine's gone and it won't come back...

Gruesse aus der Heimat
paste that files in your indi folder and let me know.

Alles gute aus ecuador
Attached File(s)
File Type: ex4 THV3 T3.ex4   4 KB | 725 downloads
File Type: ex4 THV3 Coral.ex4   16 KB | 675 downloads
  • #4,419
  • Feb 3, 2009 9:33am Feb 3, 2009 9:33am
Quoting TradeWell
THV is coming around to a buy signal, but it's so overbought - plus the divergence on M30. Tricky trading.
No more M30 divergence, but divergence now on M5.
  • #4,420
  • Feb 3, 2009 9:34am Feb 3, 2009 9:34am
Someone check Gofer for rabies..he's saying he has a madness
Zorro...
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