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THV system, final edition

  • #4,661
  • Feb 4, 2009 12:17am Feb 4, 2009 12:17am
Thanks, Doblece. It's great to know that the confirmation works inversely.

Just to clarify:

1) So you look for trend change (trix cross, etc.) on M15, and then use M5 for entry?

2) When do you look at H4? Any use for H4 and Daily TF?

Thank you!

Quoting doblece
Indeed, for a longer trade, a higher timeframe is better.
However, it also needs much wider stops.

This system fits any trading style, scalping, intraday or longer term trading, that's the beauty of THV3!!

The confirmation works inversely: you trade on a timeframe (example M15) and you would confirm the entry on a LOWER timeframe = M5 in this case (for a more precise placement of the entry). Then you can extend the trade by looking at a higher timeframe, for example H1 (or even M30) to see if it is still trending and avoid that the small...
  • #4,662
  • Feb 4, 2009 12:32am Feb 4, 2009 12:32am
Quoting EATrader
Thanks, Doblece. It's great to know that the confirmation works inversely.

Just to clarify:

1) So you look for trend change (trix cross, etc.) on M15, and then use M5 for entry?

2) When do you look at H4? Any use for H4 and Daily TF?

Thank you!
1) Yes, at the present moment more like M5 and entries on M1, but yes, that was how I traded.

2) Sometimes when I do longer TF trend analysis I can go up to monthly TFs... IMO the use of H4 and Daily would be for much longer trades (lasting from a few days up to weeks) and personally I don't trade them because of the huge stops required.
  • #4,663
  • Feb 4, 2009 12:34am Feb 4, 2009 12:34am
earlier, a discussion in regards to divergence was had - sometimes they work - sometimes not. Here's the 5 min e/u where there were two divergences - back to back; short little 'shorts' (lol) then back on up. Now, I didn't take them because, they didn't 'smell right.' I'm sure the team members can get more technical than I - yet, there were no real signals to enter a trade nor (such as earlier today) no real momentum to play a good bounce off high and divergence.

Anyway - thought it might be relevant for people to peruse this chart -
Attached Image

oh, and another on the 1 min - fake out -
Attached Image
Pip what you see; See what you pip!
  • #4,664
  • Feb 4, 2009 12:50am Feb 4, 2009 12:50am
Quoting SeerEye
earlier, a discussion in regards to divergence was had - sometimes they work - sometimes not. Here's the 5 min e/u where there were two divergences - back to back; short little 'shorts' (lol) then back on up. Now, I didn't take them because, they didn't 'smell right.' I'm sure the team members can get more technical than I - yet, there were no real signals to enter a trade nor (such as earlier today) no real momentum to play a good bounce off high and divergence.

Anyway - thought it might be relevant for people to peruse this chart -
Attachment
oh,...
On the M5 chart, despite the divergence, at no moment were the rules met (PA doesn't come out the cloud).

Also, the signals are counter-trend thus much riskier.

Same on M1, trend is way above the Coral and up, though a long entry (as a re-entry) was also risky because of the potential double top and R1 blocking the way. And no PA yet to justify any entry (still inside the cloud).

Wouldn't consider it a "fake out" though, just a normal small pullback while trending, much different it it had been a sudden spike.

And this sudden push is most probably caused by the Sydney close, it is important to pay attention to the market times, and stay away if possible of opening and closing hours, unless you use them as an edge

A new motto: "Don't be so eager to trigger!"
  • #4,665
  • Feb 4, 2009 12:53am Feb 4, 2009 12:53am
Quoting doblece
On the M5 chart, despite the divergence, at no moment were the rules met (PA doesn't come out the cloud).

Also, the signals are counter-trend thus much riskier.
Same on M1, trend is way above the Coral and up, though a long entry (as a re-entry) was also risky because of the potential double top and R1 blocking the way.

Wouldn't consider it a "fake out" though, just a normal small pullback while trending, much different it it had been a sudden spike.

And this sudden push is most probably caused by the Sydney close, it is important to pay attention...
thank you Doblece - eloquent; as always -

Seer
Pip what you see; See what you pip!
  • #4,666
  • Feb 4, 2009 1:06am Feb 4, 2009 1:06am
I don't have the quarter pivots on my chart (they seemed irrelevant to me so I didn't change my Pivots indicator to the "qp" version...) but I've been drawing them by hand yesterday and today because I noticed that they were being respected to the pip, even more than the pivots and midpivots themselves... Maybe it's cyclic but is quite interesting to note (or more people are using them ).
  • #4,667
  • Feb 4, 2009 1:09am Feb 4, 2009 1:09am
Quoting doblece
There are still a few hours left on the australian session... maybe they'll move at the end?
You are so right as always, after I closed my short there was a bull move for around 40 pips immediately followed by a bear move for another 40+ pips and it is still falling as I type this. Well, I cannot get all the pips in the world, can I?
  • #4,668
  • Feb 4, 2009 1:11am Feb 4, 2009 1:11am
And there she goes. Divergence plays its part.

Quoting SeerEye
earlier, a discussion in regards to divergence was had - sometimes they work - sometimes not. Here's the 5 min e/u where there were two divergences - back to back; short little 'shorts' (lol) then back on up. Now, I didn't take them because, they didn't 'smell right.' I'm sure the team members can get more technical than I - yet, there were no real signals to enter a trade nor (such as earlier today) no real momentum to play a good bounce off high and divergence.

Anyway - thought it might be relevant for people to peruse this chart -
Attachment
oh,...
Manage your risk accordingly and you're half done your home work.
  • #4,669
  • Feb 4, 2009 1:20am Feb 4, 2009 1:20am
Killer man - holy cow; 24 pips down; 10 back up. Wow. Turn of red on fast trix in 5 and 15 min; cross of trix on the 5. Back up; change of color on 1 min (highly risky- not for the feint of heart), but has seemed to work for me today.
I'm done - goin' to bed. Have fun and pip safe everyone.

Seer
Pip what you see; See what you pip!
  • #4,670
  • Feb 4, 2009 1:26am Feb 4, 2009 1:26am
Quoting karun
You are so right as always, after I closed my short there was a bull move for around 40 pips immediately followed by a bear move for another 40+ pips and it is still falling as I type this. Well, I cannot get all the pips in the world, can I?
Thought will post chart for this, beauty of THV, captured both the move in the trix crosses. I really need some patience I guess
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 34 KB
  • #4,671
  • Feb 4, 2009 1:37am Feb 4, 2009 1:37am
doblece

hi ...i'm new here(also in forex)....the new trix looking good....where to learn more about divergence ...like term"classical bearish divergence" mean maybe going down ..it's right ?
  • #4,672
  • Feb 4, 2009 1:43am Feb 4, 2009 1:43am
Quoting sahran
doblece

hi ...i'm new here(also in forex)....the new trix looking good....where to learn more about divergence ...like term"classical bearish divergence" mean maybe going down ..it's right ?
Probably you should start here http://www.babypips.com/school
  • #4,673
  • Feb 4, 2009 1:48am Feb 4, 2009 1:48am
Quoting sahran
doblece

hi ...i'm new here(also in forex)....the new trix looking good....where to learn more about divergence ...like term"classical bearish divergence" mean maybe going down ..it's right ?
Welcome. Go to the first page where you can download complete THV indicators. There's a manual also. You can see about the divergence image on the manual. If you are really really new in forex, you should hear what Karun said. Go to babypips.com.
Manage your risk accordingly and you're half done your home work.
  • #4,674
  • Feb 4, 2009 1:50am Feb 4, 2009 1:50am
Quoting personalme
Welcome. Go to the first page where you can download complete THV indicators. There's a manual also. You can see about the divergence image on the manual. If you are really really new in forex, you should hear what Karun said. Go to babypips.com.
i download all ....i also reading all the thread ...,yes i'm have been there also.. still learning now ...
  • #4,675
  • Feb 4, 2009 2:32am Feb 4, 2009 2:32am
Quoting SeerEye
Killer man - holy cow; 24 pips down; 10 back up. Wow. Turn of red on fast trix in 5 and 15 min; cross of trix on the 5. Back up; change of color on 1 min (highly risky- not for the feint of heart), but has seemed to work for me today.
I'm done - goin' to bed. Have fun and pip safe everyone.

Seer
Speaking on (calculated) risks, here's a trade I just took about half an hour ago and closed on 8:45 candle at 1.2977 (so I could post and because of the doji HA and the vicinity of the Pivot) for 55 pips.

I was having a look at M15 (as a continuation of the conversation with EATrader) and I happened to change exactly at the candle change, and the bearish divergence popped up. I did a quick check on M5 and M1 and decided to risk the entry for a quick 15-18 pip (at least back to retest MR1 - 1.3014). S/L very tight (10 pips) at 1.3044 (the Coral level). Projected R/R = 1.5/1 at least.

My reasons to enter were based on:

* M15 bearish divergence and Trix color change of Fast Trix, trend already red and down in the previous candle. PA crossed the cloud and opened outside (or so it seemed). PA above the Coral though.

* M5 both Trixes had already crossed themselves and Fast Trix had crossed the zero Line. Late entry for M5... PA way down below the Cloud. PA above the Coral though here too.

* M1 below the Coral line (and Coral red) PA above the Cloud though. A small reverse bearish divergence (not shown, but you can check on your charts). Trixes crossed up and trend bar green though.

That would be somewhat 51% vs 49% chances but what made me trigger the trade was the certitude I have on psych levels, I have observed that it is true that when a level (00-20-33-50-66-80) is penetrated, there is a very high probability that the price goes (after pulling back a little) to test the next level, and on the previous candles it has gone as far as 1.3010 (making this also a penetration of the MR1 pivot). So I was at least 80% sure that it would go and retest the MR1, and most probably would continue then to 1.3000, as level 1.3020 had been breached previously.

I controlled my exit finger (I would have usually closed as soon as it reached 16 pips) and even when it made a higher low in M1, because I was determined to see if both divergences (reverse in M1 and standard in M15) worked out, additionally to the psych levels observation. And for once in my life, try to control the impatience when a trade is going my way... (scalper's "bad" habit, lol... exit trigger happy!)

I waited then (and set my trailings at 25 as soon as I saw the next red candle after the pullback - 8:24) and started taking the pictures and such. The trade was still going on when I took the pictures.

Price came back very near my stop (phew! good I didn't see that!) thereafter but continued down and I finally closed manually when I saw the doji HA candle at 8:45.

I wasn't looking for a trade, but the opportunity to test several things (among them the divergence theory) popped up and I took it. The above calculations and decisions took about a minute, mostly because M1 was green. I don't make a list (1 pro vs 1 con, etc...) but I have a mental idea of the pros and cons ratio for each element and their respective weight in the decision making so it's done automatically.

Don't try this at home, though... unless you have enough screen time experience to be able to take all the variables into account and sum them up fast and, of course, with the proper stop in place (even if mental) if you happen to be wrong.

The "official" TF on which this trade was taken under the rules, was indeed M5, in which it would be a late entry or re-entry trade, and catalogued as aggressive because I didn't take the M5 Coral into account on that TF.
Attached Image (click to enlarge)
Click to Enlarge Name: TRADE_M15.PNG Size: 32 KB
  • #4,676
  • Feb 4, 2009 2:52am Feb 4, 2009 2:52am
Quoting FX.Sniffer
Here are a V3 15min chart and my vision on a 1hour chart, Both are for the Cable.
let's see at the end of the Asian market.
Hello all,

Commenting on my earlier post with results on the 1H TF. Also here is another Divergence on the 15M TF, if was traded on the 5M would've made around 70 pips.

THV V3 Rocks..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 02.2.png Size: 80 KB
Click to Enlarge Name: 01.1.png Size: 48 KB
Sniffing Snake's Tracks...
  • #4,677
  • Feb 4, 2009 4:21am Feb 4, 2009 4:21am
Guys do you see a possible formation of a bearish divergence in EU 5 M??
lets see what happens....
Good day to all of you guys...
  • #4,678
  • Feb 4, 2009 4:35am Feb 4, 2009 4:35am
Arrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr!!!!!!!!!!!!!!!!!!!!!!!!!
I am missing it cos the serveron my platform just failed!!!!!!!!!!!!!!!
  • #4,679
  • Feb 4, 2009 4:38am Feb 4, 2009 4:38am
That's a great post, Doblece. Very instructional.

Quoting doblece
Speaking on (calculated) risks, here's a trade I just took about half an hour ago and closed on 8:45 candle at 1.2977 (so I could post and because of the doji HA and the vicinity of the Pivot) for 55 pips.

I was having a look at M15 (as a continuation of the conversation with EATrader) and I happened to change exactly at the candle change, and the bearish divergence popped up. I did a quick check on M5 and M1 and decided to risk the entry for a quick 15-18 pip (at least back to retest MR1 - 1.3014). S/L very tight (10 pips) at 1.3044 (the Coral...
Up or down, gimme a ticket
  • #4,680
  • Feb 4, 2009 4:39am Feb 4, 2009 4:39am
Quoting leņador
Guys do you see a possible formation of a bearish divergence in EU 5 M??
lets see what happens....
Good day to all of you guys...
That's a bullish one... one hour ago (45 minutes before your post).

Good day!
(When that happens, if MT4, try rescanning the servers - click on the small bars at the left down ("Connection status") and then "Rescan servers", sometimes it works!)
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