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THV system, final edition

  • #4,821
  • Feb 4, 2009 1:55pm Feb 4, 2009 1:55pm
Quoting cashmeer
Here was a quick scalp, break of a trend line, good for almost 20 pips

Setups included:

1.) Trendline Break
2.) Divergence in the 1 min (I spotted it without the indicator )
3.) Trix crossed and was at a good/steep angle
4.) AND....it had just bounced off of the 0% of the fibs from the 15 min chart.



I should have put on a larger trailing stop, I thought it would go to S1.
nice -
Pip what you see; See what you pip!
  • #4,822
  • Feb 4, 2009 1:56pm Feb 4, 2009 1:56pm
Quoting cashmeer
Trendlines work in M1
... and even in 5 seconds charts! (I guess they will also in a Tick chart).

Great observation, I also saw the "tiny" divergence though those are very short lived on M1. But good for a few pips indeed!

It might go to S1 (and maybe more)... look at divergence on H1... and possible inverted descending H&S (not a classic one but those most often work) good for a 100 pip push... to what will most probably be tomorrow central pivot... and BD just popped on 15M as well
  • #4,823
  • Feb 4, 2009 2:03pm Feb 4, 2009 2:03pm
Quoting Peterd
- No.2 is true -> only sound alert will be generated.
- No.2 is false -> only Display alerts will be generated.
Sorry to ask again, maybe this was already explained when you mention the various sound files but anyway, will there be a way to select the desired soundfile externally, as there is now for the Trix alert, so we can change it depending on the TF? I apologize if this was obvious.
  • #4,824
  • Feb 4, 2009 2:05pm Feb 4, 2009 2:05pm
Hello all,

Thanks to Cobra and the wonderful team for putting together this system. Also thanks for working round the clock towards improving it.

Someone had brought to attention a cosmetic improvement to THV 3 Coral which was also addressed bu I still have the same problem. When I set the thickness of the lines it works fine but they go back to the preset levels when time frame is changed.

Appreciate if this could be addressed at a convenient opportunity.

Thanks

TF
  • #4,825
  • Feb 4, 2009 2:07pm Feb 4, 2009 2:07pm
Quoting TradeForexFx
Hello all,

Thanks to Cobra and the wonderful team for putting together this system. Also thanks for working round the clock towards improving it.

Someone had brought to attention a cosmetic improvement to THV 3 Coral which was also addressed bu I still have the same problem. When I set the thickness of the lines it works fine but they go back to the preset levels when time frame is changed.

Appreciate if this could be addressed at a convenient opportunity.

Thanks

TF
I think that THV3 Coral_THICK (you'll have to delete the _THICK part of the name) is already in the downloadable V3.zip folder. However, you can find it under the attachments (hide attached images).
  • #4,826
  • Feb 4, 2009 2:07pm Feb 4, 2009 2:07pm
Quoting doblece
... and even in 5 seconds charts! (I guess they will also in a Tick chart).

Great observation, I also saw the "tiny" divergence though those are very short lived on M1. But good for a few pips indeed!

It might go to S1 (and maybe more)... look at divergence on H1... and possible inverted descending H&S (not a classic one but those most often work) good for a 100 pip push... to what will most probably be tomorrow central pivot... and BD just popped on 15M as well
I don't think I could handle the 5 second chart or the 1 hr chart... I would be shivering with anxiety on the former and pulling my hairs out one by one on the latter!

.I should have looked harder and set a larger trailing stop on that trade...I waiting for those "once in a blue moon" trades where it keeps going and going and going like that annoying bunny....

Attached Image
Deprive a man of everything and you give him nothing to lose.
  • #4,827
  • Feb 4, 2009 2:07pm Feb 4, 2009 2:07pm
Quoting Wlfx
Hello to all members. First of all thanks for this great system and all hard work doing here. Well this is my first post ... I am having problem with "THV3 Trix divergence" indi(the last one). Can anyone help me with this indi ?
I tried the other THV3 divergence indies(earlier posted) on this thread and they are showing rather signals.
Here:
http://www.forexfactory.com/showpost...postcount=4775
  • #4,828
  • Feb 4, 2009 2:11pm Feb 4, 2009 2:11pm
[quote=cashmeer;2516114]I don't think I could handle the 5 second chart or the 1 hr chart... I would be shivering with anxiety on the former and pulling my hairs out one by one on the latter!

LOL it's exactly the same but much faster and for very fewer pips, and with a MTF setup (I use 5sec for the entries, 1M for the scope, and M5 - M30 for the short term - longer term trend).

I don't have enough patience for H1 either... but it is a good thing to know if gradually a bullish or bearish divergence shows up there, then on M15, then lower and lower until we can enter it will help in sustaining the overall trend move.
  • #4,829
  • Feb 4, 2009 2:19pm Feb 4, 2009 2:19pm
Quoting doblece
I don't have enough patience for H1 either... but it is a good thing to know if gradually a bullish or bearish divergence shows up there, then on M15, then lower and lower until we can enter it will help in sustaining the overall trend move.


EXACTLY the way I want to trade....
Deprive a man of everything and you give him nothing to lose.
  • #4,830
  • Feb 4, 2009 2:20pm Feb 4, 2009 2:20pm
Hi,

new to forex and MT4 but love the effort that has been put in this system and contributions from CobraForex and many others. I think v4 is making the picture so much clearer and will start demoing with it once i have some time (which might be sooner rather than later the way things go over here ;-))

I'm trying to see if there is any way we can maybe improve the alerting system or even produce an EA and I'm watching the behaviour of fast and slow trix in those scenarios where we get a serious price jump and when we don't. I can't help but thinking that in case of serious jumps the fast trix runs away quicker from the slow trix. Has anyone else looked at this and came to similar / different conclusions?

The reason i'm looking at this is i would like to expirement with an alert that measures the surface if you like that builds up after the two indicators cross, and if this surface grows fast in a limited amount of time either throw an alert or maybe in future open a trade automatically.

It means i need to get hold of indicator code, I'm not sure that is feasible?

Regards and thanks,
Fredella
  • #4,831
  • Feb 4, 2009 2:24pm Feb 4, 2009 2:24pm
It is 03.18 am in my Time zone. Still in negative result today (-70). But there will always another day to trade. And last two days, I've made some nice pips. Thanks to Cobra, Tradewell, SeerEye, Gofer, Doblece and the others with your great share here. This thread feels like home to me.
Manage your risk accordingly and you're half done your home work.
  • #4,832
  • Feb 4, 2009 2:26pm Feb 4, 2009 2:26pm
Welcome to the thread Fredella:

In terms of getting hold of the code, obviously, you'd have to contact Cobra,

In terms of writing an EA, it has been discussed here numerous times and I think the consensus is that an EA will not work effectively. There are too many variables to take into consideration (Trend Lines, Fibs, Pivot Points, Round numbers, higher time frames.) THV is an hands on system. It is a great deal of fun trading this way.

I invite you to jump on board and give it a shot. I am sure it will enhance your trading techniques...

Let us know what you think.

Cashmeer
Deprive a man of everything and you give him nothing to lose.
  • #4,833
  • Feb 4, 2009 2:27pm Feb 4, 2009 2:27pm
Quoting Der05
....stupid questions
The only stupid questions are the ones that don't get asked.
  • #4,834
  • Feb 4, 2009 2:28pm Feb 4, 2009 2:28pm
Quoting personalme
It is 03.18 am in my Time zone. Still in negative result today (-70). But there will always another day to trade. And last two days, I've made some nice pips. Thanks to Cobra, Tradewell, SeerEye, Gofer, Doblece and the others with your great share here. This thread feels like home to me.
personalme:

you'll make it back, God-willing. Why don't you post some of the trades you took that did not go your way and we can dissect them...that, I am sure, would be helpful to you and perhaps to others as well...

I'll look back through the thread to see if you did that...

See you tomorrow...
Deprive a man of everything and you give him nothing to lose.
  • #4,835
  • Feb 4, 2009 2:34pm Feb 4, 2009 2:34pm
Quoting doblece
I think that THV3 Coral_THICK (you'll have to delete the _THICK part of the name) is already in the downloadable V3.zip folder. However, you can find it under the attachments (hide attached images).
I tried this version. It has preset width of 2, instead of the previously preset width of 1. If we change timeframe on this version, the width goes back to 2.

TF
  • #4,836
  • Feb 4, 2009 2:35pm Feb 4, 2009 2:35pm
Quoting personalme
It is 03.18 am in my Time zone. Still in negative result today (-70). But there will always another day to trade. And last two days, I've made some nice pips. Thanks to Cobra, Tradewell, SeerEye, Gofer, Doblece and the others with your great share here. This thread feels like home to me.
Today was a harder day to make pips (NY open and later) so you are not alone. We are glad to be supportive - both technically and spiritually.
  • #4,837
  • Feb 4, 2009 2:41pm Feb 4, 2009 2:41pm
Hi Freddy,

I shall probably sound ignorant, but what are pip range bar charts, where do you get them, and how are they better than time based charts?

You see, I never ask for much, haha.

Thanks

Regards
Pardy


Quoting Freddyfx
YES, me !!!!!

Hit Rate, 99%

but I need to add:

I also watch my Pip Range Bar Charts, and THOSE are the heart of my trading style.

There I can see when the entry will be the safest and how long I can stay in a trade.

The matter is this guys:
we are all manipulated by these brokers that claim time based platforms are IT, but they don't want us to make too many pips, which we would do a lot easier AWAY from their charts, as remember what Cobra has been telling on and on...................it is ALL about price action, (that means, NOT time...
  • #4,838
  • Feb 4, 2009 2:47pm Feb 4, 2009 2:47pm
Quoting doblece
... and possible inverted descending H&S (not a classic one but those most often work) good for a 100 pip push... to what will most probably be tomorrow central pivot... and BD just popped on 15M as well
I couldn't spot that descending H&S.

I took a second look at the divergence on M15. I don't think the indicator drew the line properly, so it may not really be there. Plus we are heading to lower volume so it may or may not "kick in". That said, I do agree we will be ranging prior to London open, where we may just get that drop.
  • #4,839
  • Feb 4, 2009 2:49pm Feb 4, 2009 2:49pm
Quoting TradeForexFx
I tried this version. It has preset width of 2, instead of the previously preset width of 1. If we change timeframe on this version, the width goes back to 2.

TF
Indeed.
The Coral Thick is for those who need it to be thick.
The standard one is thinner.
etc.

Can't be changed on chart but if other width needed, I'll recompile.
  • #4,840
  • Feb 4, 2009 2:57pm Feb 4, 2009 2:57pm
So, today I weaseled my way out of two retarted trades...in the chart, the first trade, as you can see was:

Clearly a late entry (selling a bottom). I have no idea what I was thinking, it obvisouly had not broken the support line of the previous low...thank goodness PA was kind to me and I managed to get out with a minimal loss...

The second trade was a small winner.

I need to find the other loser...

Attached Image (click to enlarge)
Click to Enlarge Name: thv 3 20.gif Size: 37 KB



ADD: No offense to rodents in general LOL ...the word "weaseled" just seemed appropriate


ADD 2: I just realized that the divergnce I drew for the 2nd trade I took

A: was earlier than the trade I was pointing towards
and
B.) Was BULLISH DIVERGENCE WHERE I SHORTED THE MARKET!

What the heck is the matter with me!?

Today is the 1st day I got a headache from trading!
Deprive a man of everything and you give him nothing to lose.
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