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THV system, final edition

  • #5,741
  • Feb 11, 2009 8:44pm Feb 11, 2009 8:44pm
Quoting steel777
Do you find EU respects the quarter pivots well ? Any particular time of day
you like to trade that pair ? I am going to try the 5 & 15 min , used to trade
5 min with a different system & so far 1 min is a challenge . I will spend the
wknd on the simulator .
Just noticed the pivot indi in the latest tpl does not have quarter pivots . I
thought the previous one did so which pivot indi are you using ? Thanks all
who are posting re entries . It all helps and sooner or later something might
stick & click .
Please see Gofer's post #4684 on page 313. It has the information you are looking for.

Cobra posted a warning about version 4.9 a short time ago saying there is a bug.

I live on the west coast so I'm up at 5:00 a.m. to trade the E/U during L/NY overlap.

Regards
  • #5,742
  • Feb 11, 2009 9:30pm Feb 11, 2009 9:30pm
Doblece, Sonic and Cobraforex:
After installing a newer version (220) of Meta4, templates are working. Now the difficult part. Thanks,

-FX_California

Quoting cobraforex
You need to update your platform to version V220, that's all.

I think Sonic wanted to say the same with other words, thanks Sonic

Again you wan me CC, didn't you want to rest?
  • #5,743
  • Feb 11, 2009 9:48pm Feb 11, 2009 9:48pm
I made a post on a Pivot thread and will share the link so not to repeat myself.

http://www.forexfactory.com/showpost...postcount=1744
http://www.forexfactory.com/showpost...postcount=1745

I invite you to check the different charts and settings and draw your own conclusions.
  • #5,744
  • Feb 11, 2009 10:38pm Feb 11, 2009 10:38pm
Hi! I'm new to forex (few months) and have been reading and studying it literally for 5+ hours per day. I recently joined this forum on an associate's recommendation and came across this trading system, which in my opinion looks excellent! I just wanted to make sure I understand it, however, because I'm not sure I am totally clear on how it works. I've read through the manual 3 times and have read several hundred posts and just decided it would be much easier to ask since there are now several thousand posts!

Things to do in order to long:
1. wait for trix cross where both lines are green, ideally on or near 0.
2. if the PA is above the cloud, then
3. check to see if the PA and cloud are both above the coral, if yes, then
4. check the M1 chart (I'm on M5) for confirmation which would be all of the same confirmations as above (1-3),
5. Check the analysis chart on M5(?) check stochastics to make sure overbought conditions exist.
6. Check both the M1 and M5 for relevant supports/resistances near the current/anticipated PA.
7. All while keeping in mind the overall trend of the pair, i.e. bullish, on a higher TF chart like H1 or H4.

Did I miss anything or do something incorrect/out of order?

Thanks for the clarification and thanks to cobra and those who made this system possible!
  • #5,745
  • Feb 11, 2009 11:48pm Feb 11, 2009 11:48pm
Found something interesting while waiting for the market to decide where to go.

THV Coral got poached. But they seem to be having problem getting her to dance.

Here's the thread of the Force 5min System.
http://www.forexfactory.com/showthread.php?t=120606
  • #5,746
  • Feb 12, 2009 12:13am Feb 12, 2009 12:13am
Quoting caveman
Found something interesting while waiting for the market to decide where to go.

THV Coral got poached. But they seem to be having problem getting her to dance.

Here's the thread of the Force 5min System.
http://www.forexfactory.com/showthread.php?t=120606

LOL... why "poached"?
They are linking back to the thread anyway...
Good to know that the usefulness of THV indicators goes beyond the system itself
  • #5,747
  • Feb 12, 2009 12:27am Feb 12, 2009 12:27am
Good to be a part of this thread with the team so willing to share. Kudos to you and the team.
Quoting doblece
LOL... why "poached"?
  • #5,748
  • Feb 12, 2009 12:47am Feb 12, 2009 12:47am
Cobra,

Did you manage to solve the THV3 Market Hour problem? It shows London opening 2 hours earlier on my charts.

Strange.

Cheers,
CaveMan
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  • #5,749
  • Feb 12, 2009 12:48am Feb 12, 2009 12:48am
the wedge forming with the e/u on most time frames.
Pip what you see; See what you pip!
  • #5,750
  • Feb 12, 2009 1:30am Feb 12, 2009 1:30am
Quoting caveman
Cobra,

Did you manage to solve the THV3 Market Hour problem? It shows London opening 2 hours earlier on my charts.

Strange.

Cheers,
CaveMan
Did you change the first setting as per your broker timezone?
If you did, are the other markets showing correctly?

The other settings (market times properly) don't have to be changed.
  • #5,751
  • Feb 12, 2009 1:55am Feb 12, 2009 1:55am
Quoting Scrutch
Ahhh, someone who understands. This is one of the hardest things to get across to a NuB.
I feel like y'all talking about me??!!

Usually if I take a trade, I immediately do a print screen or save as picture to archive my own trades so I can see them at the end of the day...since I have em' and since I take a break after most trades, in order to wipe the sweat from my brow bring my heartrate back to a normal level, I just post them as I go....

So....here is one stubborn NuB....

Watch me eat my words...
Deprive a man of everything and you give him nothing to lose.
  • #5,752
  • Feb 12, 2009 2:05am Feb 12, 2009 2:05am
Got it. Thanks.
Quoting doblece
Did you change the first setting as per your broker timezone?
If you did, are the other markets showing correctly?

The other settings (market times properly) don't have to be changed.
  • #5,753
  • Feb 12, 2009 3:03am Feb 12, 2009 3:03am
Quoting caveman
Found something interesting while waiting for the market to decide where to go.

THV Coral got poached. But they seem to be having problem getting her to dance.

Here's the thread of the Force 5min System.
http://www.forexfactory.com/showthread.php?t=120606
I still cant get the coral to work on any platform.
  • #5,754
  • Feb 12, 2009 3:03am Feb 12, 2009 3:03am
I just made my day

short since 1.2931 exit on S1 1.2836

9,2% up this week, thanks to THV and all the effort from cobra and this great team to provide us such a good system, reliable and very profitable!

so, people, YES, this is a great system, have focus, and be patient, draw your trendlines, read EVERY post on this thread, (especially from the team) have good MM, plan your trade and TRADE your plan. And be patient.

You'll be alright!
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  • #5,755
  • Edited 3:13am Feb 12, 2009 3:05am | Edited 3:13am
hi, i hope i got the divergence right fir a 13 pips move, though i entered late @ 1.2853.
Attached Image (click to enlarge)
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Earn,Use and Keep piping
  • #5,756
  • Edited 4:11am Feb 12, 2009 3:54am | Edited 4:11am
Quoting kaayforex
hi, i hope i got the divergence right fir a 13 pips move, though i entered late @ 1.2853.
Hi Kaayforex:

Have you seen the divergence chart I mentioned yesterday? You should look at it carefully.

If you connect tops on the PA you connect tops of trix. If you connect bottoms of the PA, you must connect bottoms on the trix. You cannot connect tops on one and bottoms on the other.

I cannot see cleary on your chart the rest of the PA and Trix...

Look at the divergence chart and connect your T/Ls in the same way....

Let us know how it goes....

Good job on your pips...
Deprive a man of everything and you give him nothing to lose.
  • #5,757
  • Feb 12, 2009 4:09am Feb 12, 2009 4:09am
Quoting Jack Herer
have good MM, plan your trade and TRADE your plan. And be patient.

You'll be alright!
That is everything in a nutshell!

Great trade!
Deprive a man of everything and you give him nothing to lose.
  • #5,758
  • Feb 12, 2009 4:19am Feb 12, 2009 4:19am
What do you do in a situation like this? On the GU m5 where price starts to look good to take a short, but the damn trix is still green, both of them, not to mention they haven't crossed...and this is at a time where the price action feels more smoother. To be on the safe side do we ignore this kinda trade then?

Guys can anybody answer the following questions i have about the m5 trix position and rules for entering trades....Its still confusing me a little and annoying me, i've only had one trade this week for 10pips (my first Thv trade)

These are my questions for the m5 Trix before we switch into the m1 to look for an entry...

1) Do both trix have to be same color?
2) Do both trix have to be in the correct position, e.g. fast trix above the slow one for longs, and fast trix below slow one for shorts?
3) Do we have to take trades with the trix ONLY when both trix are crossing each other? Or as mentioned above, can signals be taken when they are both in the right position?
4) When we have a trade ready in m5...and Switch to m1 for entry, What the heck do we do when the m1 seems to be "oversold/overbought"?

Sorry for the questions, just wish I could get some hard-fast rules down in my head and on paper to make my trading much more consistent, fibs trendlines support/resistance this that and the other starts to complicate things a little and makes looking for trades little more difficult specially when you dont have a full grip of the proper system rules. Just wish this could be cleared up, maybe few team members can answer me? THat would be much appreciated.
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  • #5,759
  • Feb 12, 2009 4:20am Feb 12, 2009 4:20am
hello cashmeer, i got you right know. thanks for lending a helping hand.
Earn,Use and keep piping
Earn,Use and Keep piping
  • #5,760
  • Feb 12, 2009 4:55am Feb 12, 2009 4:55am
Hi everyone,

Still trying to grasp this system using the M1 as entry and the M5 as confirmation. I've attached 2 charts regarding the sell-off just after 8:00am this morning GMT. I'm trying to figure out if the THV system picked this one up and my reasons for taking this trade had I been at the computer. This is what I am seeing:

1. The M5 trix both crossed after a slight divergence with price and turned red.

2. At 09:10 on the M1 both Trix headed down (were red) and price crossed the coral.

Its very easy to look at setups with the benefit of hindsight and I just want to make sure I'm not looking at this through "rose-tinted glasses".

Any help would be most appreciated.

Many thanks

Dazzer
Attached Image(s) (click to enlarge)
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