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THV system, final edition

  • #5,361
  • Feb 8, 2009 10:07am Feb 8, 2009 10:07am
Quoting Stitch961
cashmeer, Just an idea. You might not want to, or need to do a complete rewrite of the entire thread, an index might work. It might save a lot of work,(imo).

Check out http://www.forexfactory.com/showthread.php?t=86429, BRV's "No Brainer Trades" for example of what I'm suggesting. Scroll down to the "important posts" section and check it out.

Like I said, just an idea. Bob

I think you mean what is included under:


Important Posts - Nuts and Bolts of the Strategy Used Here


 That is a good idea and what Cobra had suggested...

TRIX USAGE

CORAL USAGE

Etc...

let's see how it goes...

Thanks,
Deprive a man of everything and you give him nothing to lose.
  • #5,362
  • Feb 8, 2009 10:34am Feb 8, 2009 10:34am
Quoting Phonetic
Just a quick question because Im not sure if I am understanding the system correctly:

wait for 5 min rules to be met
then wait for 1 min rules to be met

if however the 1 min rules are not met, and then the 5 min rules are no longer met, then NO TRADE. So even if the 5 min rules are met, it doesn't mean there will always be a trade correct?

Thanks,
Tim
Checking on a lower timeframe to pinpoint a better entry price is recommended. However, you could also trade directly on a single TF according to the rules, but as price is always fluctuating, the lower TF will allow to pick it when it is at its ideal position in regard to the trend.

On a higher TF (that could be ANY of the higher TFs, not only M5) when all rules are met there is some time for the trade to develop, which will be longer as we go up in time. So you first pick the timeframe on which you wish to be trading (as to scope of pips, timing of the trade, and stops) and then look on the smaller TFs to enter with more odds in your favour, especially as to the stops. You can use as much sequential lower TFs to check up but remember that the stops will have to be set as per the main TF (in this case, H1).

For example, there was an entry on H1 on feb.02 at 13:00 (gmt+2), though under the Coral, just after a divergence signal. This could develop into a good trade as per H1 expectations, so you go to M30 and lower, and find out that Coral rule is met at M5 but price is descending. You'll have to wait until rules are met there at 15:00 at a better price, or go even lower at M1 where you'll have several better entry points previous to 15:00.

If rules are met (including the position in respect to the Coral) on a higher TF, probabilities are higher for a trade continuation in the direction (less noise as we go up in the TFs), however, its success will also depend on the best possible entry available.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: TFs.PNG Size: 40 KB
Click to Enlarge Name: 0_tfs.gif Size: 34 KB
  • #5,363
  • Feb 8, 2009 10:34am Feb 8, 2009 10:34am
Cashmeer: Was that blue text you posted about the Nuts and Bolts supposed to be a link? Its not linked to any page if it is a link lol. Thanks
  • #5,364
  • Feb 8, 2009 11:24am Feb 8, 2009 11:24am
Quoting WilteredFire
Cashmeer: Was that blue text you posted about the Nuts and Bolts supposed to be a link? Its not linked to any page if it is a link lol. Thanks
No, it's a title on that thread...
  • #5,365
  • Feb 8, 2009 11:24am Feb 8, 2009 11:24am
Wiltered, the "nuts & bolts" is found in the thread highlighted in the quotes section of cashmeer's post. Just for your info. scroll down a bit and you'll see it.
Hej.
  • #5,366
  • Feb 8, 2009 12:30pm Feb 8, 2009 12:30pm
Doblece, This is the clearest explanation of refining your entries by the use of multiple timeframes that I've ever seen. Thanks! Delage
  • #5,367
  • Feb 8, 2009 12:35pm Feb 8, 2009 12:35pm
Quoting doblece
Checking on a lower timeframe to pinpoint a better entry price is recommended. However, you could also trade directly on a single TF according to the rules, but as price is always fluctuating, the lower TF will allow to pick it when it is at its ideal position in regard to the trend.

On a higher TF (that could be ANY of the higher TFs, not only M5) when all rules are met there is some time for the trade to develop, which will be longer as we go up in time. So you first pick the timeframe on which you wish to be trading (as to scope of pips, timing...
Thats a great explanation for using lower time frames for entry. Probably you should put this in the manual, just a thought.

Thanks
  • #5,368
  • Feb 8, 2009 1:15pm Feb 8, 2009 1:15pm
What is the thumbs data base in the zip file?
  • #5,369
  • Edited 1:50pm Feb 8, 2009 1:17pm | Edited 1:50pm
Quoting todder
What is the thumbs data base in the zip file?
A file that Windows creates when you select the "Thumbnail" view for the folder... where it stores the order of files and folders inside, and type of display,
  • #5,370
  • Feb 8, 2009 5:55pm Feb 8, 2009 5:55pm
Quoting doblece
A file that Windows creates when you select the "Thumbnail" view for the folder... where it stores the order of files and folders inside, and type of display,
when iinstall 2trix indi thv3 trix v4[1].01 divergenece 2 lines are together why help thx
  • #5,371
  • Feb 8, 2009 6:00pm Feb 8, 2009 6:00pm
Quoting avi
when iinstall 2trix indi thv3 trix v4[1].01 divergenece 2 lines are together why help thx
You can't have both Trix indi together. Take the previous one off the chart and just leave the new one with divergence (there is a newer version with sound alerts in the first post, should you need them).
  • #5,372
  • Feb 8, 2009 6:39pm Feb 8, 2009 6:39pm
How could i change the position of the last candle in the chart to have it more centered in the middle. Let's say is it now about in position 6 of 7, and i'd like it at a position 3/4, like more on the left, not that much on the right.

Would it be possible to change that? in the upside and down chart too.


thanks


jack
  • #5,373
  • Feb 8, 2009 6:47pm Feb 8, 2009 6:47pm
Quoting jackdan
How could i change the position of the last candle in the chart to have it more centered in the middle. Let's say is it now about in position 6 of 7, and i'd like it at a position 3/4, like more on the left, not that much on the right.

Would it be possible to change that? in the upside and down chart too.


thanks


jack
It's a chart function called chart shift.
  • #5,374
  • Feb 8, 2009 6:49pm Feb 8, 2009 6:49pm
Here is what I see on the weekly chart.

A continued descent in mid-channel, though last weekly candle is green. This makes me think that PA is acting as it should mid-wall; a point of indecision. We somewhat broke the ascending trendline, though not convincingly, adding to the indecision. I expect more of the same this week, with perhaps even more volatility. A break could happen at any time, including an upward move, though less likely given the trend. I don't expect PA to follow fundamentals as it has not seemed to do so lately.

Blue descending line is mid-channel. Blue rectangle is my expected range of PA for the week.
Attached Image (click to enlarge)
Click to Enlarge Name: weekly 2-8-09.gif Size: 19 KB
  • #5,375
  • Feb 8, 2009 6:49pm Feb 8, 2009 6:49pm
Quoting TradeWell
It's a chart function called chart shift.
how can i regulate that shift?¿


thanks
  • #5,376
  • Feb 8, 2009 6:55pm Feb 8, 2009 6:55pm
Quoting jackdan
how can i regulate that shift?¿


thanks
Look for the small triangle in the upper right hand corner of the screen. It can be dragged to adjust the shift.
  • #5,377
  • Feb 8, 2009 7:13pm Feb 8, 2009 7:13pm
wasn't it obvious?!?!?! (shame on me)



thank you!
  • #5,378
  • Feb 8, 2009 8:21pm Feb 8, 2009 8:21pm
Quoting TradeWell
Here is what I see on the weekly chart.

Great assessment Tradewell! Almost looks like my weekly chart. I think if we go below 1.2706 we might head down to the 1.2500 range. Even if we get up at 1.3339 it'll probably drop again, based on a 38.2 retracement. What do you think?
txtaz
  • #5,379
  • Feb 8, 2009 8:42pm Feb 8, 2009 8:42pm
I thought it was the 16th. The Presidents day. Thats next week// correct me if i am wrong
Yea it's Life//
  • #5,380
  • Feb 8, 2009 8:48pm Feb 8, 2009 8:48pm
My error. It is the 16th.


Regards,
Jeff



Quoting serj1
I thought it was the 16th. The Presidents day. Thats next week// correct me if i am wrong
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