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THV system, final edition

  • #5,261
  • Feb 6, 2009 2:16pm Feb 6, 2009 2:16pm
Thanks to everyone, especially the THV team, for the advice and tips this week. I've had my best trading week in Forex ever...+165!! To be honest, it should have been more but I broke the rules a few times and paid for it. Can hardly wait for Monday.
txtaz
  • #5,262
  • Feb 6, 2009 2:17pm Feb 6, 2009 2:17pm
Quoting Jack Herer
great week! =D

75% winners = +14,11%

have a nice weekend everybody!

and thanks again THV team for this amazing system!
Great to hear. Enjoy your pips! Be sure to hold on to them next week.
  • #5,263
  • Feb 6, 2009 2:18pm Feb 6, 2009 2:18pm
Quoting TradeWell
It's Alpari. Do they have a different server I can switch to? (I am asking you because I know you use them).
I use their demo. Unfortunately I think all their servers are on the same timezone.

However, in my personal opinion I think that even daily and H4 charts with a few hours difference because of the timezone, don't change the overall price pattern of a currency pair. Time is a convention, of course as we are using candlesticks some of the patterns will be showing here and not there... thus the hourly chart would in fact be the most accurate for those.
But I have even compared 4 hour charts with Oanda's 3 hour and the evolution is practically the same.

Personally I prefer how candle patterns show on GMT+2.

Here's something I found at Alpari's forum (posted by the Admin):

Quote
Having times in GMT/BST+1 avoids small Sunday bars on charts and therefore makes running smooth technical analysis.

Can't be switched.
  • #5,264
  • Feb 6, 2009 2:19pm Feb 6, 2009 2:19pm
Quoting txtaz
...it should have been more but I broke the rules a few times and paid for it.
My biggest problem too!
  • #5,265
  • Feb 6, 2009 2:20pm Feb 6, 2009 2:20pm
Quoting doblece
I use their demo. Unfortunately I think all their servers are on the same timezone.

However, in my personal opinion I think that even daily and H4 charts with a few hours difference because of the timezone, don't change the overall price pattern of a currency pair. Time is a convention, of course as we are using candlesticks some of the patterns will be showing here and not there... thus the hourly chart would in fact be the most accurate for those.
But I have even compared 4 hour charts with Oanda's 3 hour and the evolution is practically the...
OK thanks. I wasn't really too worried about it. It's fine the way it is.
  • #5,266
  • Feb 6, 2009 2:22pm Feb 6, 2009 2:22pm
Quoting TradeWell
My biggest problem too!
My biggest problem three!
  • #5,267
  • Feb 6, 2009 2:28pm Feb 6, 2009 2:28pm
Quoting TradeWell
So a breakout of the channel would need more of an extension to be believable?
Outside the fact that there are higher and lower levels of s/r that have to be tested, and retested backwards if broken, etc... I usually try to see what I have in front of me in the NOW. Price goes step by step and is being tested small level by small level, and if broken almost always goes to the next, etc... That's why I find the psych levels so useful. On a micro view, it's easily seen.

If retested (maybe once, maybe later on many times more) and held, it can be believable up to a certain point. But thousands of decisions are being made every second by thousands of market participants, and what can give you the "believability" is the price action, its momentum, the bull/bear ratio you can feel at every candle's struggle.

Using the visual simulator (only watching the price action) can give you many answers and you'll be able then to detect the possible changes almost as soon as they appear. Even sometimes before they appear, as there are momentum changes that are an early symptom. There will always be some unpredictability as well, so it's not a 100% thing. But at least a good 80% of the times you'll be able to see what comes next. It takes lots of screen time, but is worth the while.

HA candles are really a great help for this.
  • #5,268
  • Feb 6, 2009 2:29pm Feb 6, 2009 2:29pm
Quoting cobraforex
My biggest problem three!
I can elaborate. I used to trade a different style of trading, so I find myself switching between my old rules and and THV rules. Sometimes it works and helps to incorporate the other learning. Sometimes it doesn't.
  • #5,269
  • Edited 9:19pm Feb 6, 2009 2:32pm | Edited 9:19pm
Quoting cobraforex
OkiDoki

One way would be to set two Trix cross alerts to the chart but you won't be able to trigger divergence what is a real money maker.

So better let's stay with it like it is.

I think a great improvement would be to have the sound alerts say the pair and TF when divergence is triggered.

That would be a great task for Peter if he has time to think about.

It would be nice to have a summary list all major currencies in their 5,15,30,60 min TF and show check marks for bullish or bearish divergence.

Here is how it would conceptually look:

-------------5min----15min---- 30min---- 60min
EU--------- Bull--------------------------------------
GU -------------------- Bear-----Bear-------Bear
EY----------Bull------- Bull--------------------------
UY----------------------------------------------------
AU----------------------Bear------------------------
GY----------------------------------------------------
(EA should draw red and green boxes/check marks to denote divergence. Once market has responded to the divergence, it should be taken off from the chart. So it should show only outstanding divergences that market will try to correct)

Similar EA can also be developed for trix crosses, zero cross, Trix color change, cobra color changes, PA crossing the cloud etc for all currencies.

Such EA would give a bird's eye view of opportunities across all currencies and all time frames from a single chart. Once the opportunity is spotted, one can go to that particular currency chart to analyze possible entry. Such a EA would be nice addition to this great system
  • #5,270
  • Feb 6, 2009 2:34pm Feb 6, 2009 2:34pm
Quoting doblece
....Using the visual simulator (only watching the price action) can give you many answers and you'll be able then to detect the possible changes almost as soon as they appear. ...
Thanks for the more detailed info. Prior to THV, I used to make trades based more on PA as you describe. I think I did pretty well. Now with HA candles I am still getting used to them but I do like them.
  • #5,271
  • Feb 6, 2009 2:40pm Feb 6, 2009 2:40pm
Quoting TradeWell
I can elaborate. I used to trade a different style of trading, so I find myself switching between my old rules and and THV rules. Sometimes it works and helps to incorporate the other learning. Sometimes it doesn't.
I just printed out the rules in giant font and posted it on my workstation. Maybe that will keep me from trying to guess where the market is going.
txtaz
  • #5,272
  • Feb 6, 2009 2:41pm Feb 6, 2009 2:41pm
Quoting TradeWell
So a breakout of the channel would need more of an extension to be believable?
Quoting doblece
Price goes step by step and is being tested small level by small level, and if broken almost always goes to the next, etc...
As an example at the present moment: the middle line of the upwards channel, which is also the 33 level, seems to be holding. It already went up to test the 00 level but backed off without touching it so in its descent it broke back the 80, 66 and 33 again, and again the 33 up and now holding.

Next step is testing and eventually breaking again 66, then 80, and retesting 00 if all those previous prices held. Of course it's Friday so we won't probably see much action now. But a decision is made at every one of those levels.

It went lower again meanwhile I write, so next test would possibly be the 20 level, though the channel line adds more support. However, after the 20 level (approx. quarter pivot) there is a little more support at 00 level (1.2900). So that's where the price will be hovering.
  • #5,273
  • Feb 6, 2009 2:44pm Feb 6, 2009 2:44pm
Quoting cobraforex
I think a great improvement would be to have the sound alerts say the pair and TF when divergence is triggered.

That would be a great task for Peter if he has time to think about.
This can easily be done by just recording an additional sound file for every TF (using the ones that are already enclosed, or any other). And the trader to undertake the small task of simply changing the sound file name in the settings accordingly to each TF

Doesn't really need to be placed in the code... and would complicate things instead, IMO.
  • #5,274
  • Feb 6, 2009 2:45pm Feb 6, 2009 2:45pm
Have a great weekend everybody!

I'll be checking in here and there.
  • #5,275
  • Feb 6, 2009 2:49pm Feb 6, 2009 2:49pm
Quoting TradeWell
Have a great weekend everybody!

I'll be checking in here and there.

You too.
txtaz
  • #5,276
  • Feb 6, 2009 2:52pm Feb 6, 2009 2:52pm
Have an excellent weekend you all!
And congrats for all the pips made!
  • #5,277
  • Feb 6, 2009 2:53pm Feb 6, 2009 2:53pm
Also from the Tropics, a great and relaxing weekend and happy pip counting
  • #5,278
  • Feb 6, 2009 2:59pm Feb 6, 2009 2:59pm
Quoting doblece
This can easily be done by just recording an additional sound file for every TF.
Here's the link:

http://www.research.att.com/~ttsweb/tts/demo.php

Here attached is a model.
A good task for the weekend
Get going!
(use commas for the pause between statements, as in the model:
Eurodollar, 1 minute, classical bullish divergence )
Attached File(s)
File Type: zip CBullDiv_EU_m1.zip   97 KB | 953 downloads
  • #5,279
  • Edited 3:30pm Feb 6, 2009 3:10pm | Edited 3:30pm
CobraForex can you change the color ichimoky for uptrend and downtrend?

As on this image.

thx
Attached Image (click to enlarge)
Click to Enlarge Name: alcatel_ichimoku.JPG Size: 169 KB
  • #5,280
  • Feb 6, 2009 3:21pm Feb 6, 2009 3:21pm
Quoting fungraphic
CobraForex can you change the color ichimoky for uptrend and downtrend?
Do you mean you want the fill to show as lines? Or just the full color?
Tell me which colors do you want and if as lines, and I'll compile a special Ichi for you later on and post it here, avec plaisir.

P.S.: Can you please add your chart as attachment, or either resize it so it doesn't distort the thread page? Thanks!
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