THV system, final edition | Page 299 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

THV System Trades & Patterns Thread 857 replies

THV 4 system with SAH; My Trading Journal 163 replies

Bow's trading journal (THV, Hmaoui simple system) 4 replies

My Journal - Based on THV V3.0 by Cobraforex 30 replies

the vouchers - THV System 2 replies

Attachments: THV system, final edition
Exit Attachments

THV system, final edition

  • #5,961
  • Feb 14, 2009 9:32pm Feb 14, 2009 9:32pm
Quoting cobraforex
I use MT4 only for charts, I trade FXsolutions and ACM but lately I like more and more the Oanda platform with all the previous settings options they offer...
Thanks a lot Mr. Cobra.
Your answer gives me light to my whole over reading about the Brokers. And finally it solves about my big confusion on make the orders with other platform.

I don't know how to thank you. But honestly, thank you VERY VERY much.

PD: I been talking about you and your team the whole week to my family. So, they'd like to send you their Best Wishes.
  • #5,962
  • Feb 15, 2009 5:03am Feb 15, 2009 5:03am
I am always trying to stick to rules(above coral only long, below - short) but still loosing trades when market is ranging or reversing(SL hit) and missing trades when there was a good move up (or down).... because cross of trix was below (or above) the coral. Please tell how you stay away from this bad trades ?I attached some pictures with questions...will much apreciate if you can give strong recomnedations what to do at that situations. It is very hard to catch a trade when in all 3 timeframes are met. Thank you.
Attached Images
  • #5,963
  • Feb 15, 2009 5:48am Feb 15, 2009 5:48am

thv system very well, thank you cobrafx. I fully enter / exit where I could not understand. Do you have pictures that will explain with?

Thank you.

  • #5,964
  • Edited 11:46am Feb 15, 2009 6:54am | Edited 11:46am
Wlfx:

I cannot see enough information on the 2nd image...

The first image, as you can see in the image I modified, there was a strong trendline in trix. Trix can be and should be used to draw trendlines. You should have wiated for the trix trendline to be broken beofre entering.

In the other image, I do not understand what you mean by not entering after trix crosses 0. I indicated with yellow, trendlines and with white or light blue, horizontal resistance. An aggressive entry would have been when the PA broket the trendline and a conservative entry when PA broke the horizontal resistance.

Does this make sense?
Attached Image

Attached Image
Deprive a man of everything and you give him nothing to lose.
  • #5,965
  • Feb 15, 2009 8:33am Feb 15, 2009 8:33am
Hello guys,this is my first message on FF.I am happy I found this thread and will start next week with my demo account lets see whats gonna happen.Thanks for the effort by all the members.Ciao...
  • #5,966
  • Feb 15, 2009 8:42am Feb 15, 2009 8:42am
Thank you very much Cashmer for your reply you always help me and answer to my questions. Here i have atached how i get your comment. Am i right ?(Pic 1)(another example)

Second picture which i have posted earlier i ....Is this right ? (Pic 2)

And what about third.... Seems it broken ?Or not ? Actualy what will be confirmation for this ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5.gif Size: 24 KB
Click to Enlarge Name: 6.gif Size: 26 KB
Click to Enlarge Name: 7.gif Size: 25 KB
  • #5,967
  • Feb 15, 2009 11:02am Feb 15, 2009 11:02am
Quoting Wlfx
Thank you very much Cashmer for your reply you always help me and answer to my questions. Here i have atached how i get your comment. Am i right ?(Pic 1)(another example)

Second picture which i have posted earlier i ....Is this right ? (Pic 2)

And what about third.... Seems it broken ?Or not ? Actualy what will be confirmation for this ?
Pics 2 and 3: you're having a slight bullish divergence forming... and a flat market. Short entry comes much later on... or you could have entered as soon PA crossed the cloud and Trix changed color (the previous candle) for a 20-30 pips trade.
  • #5,968
  • Feb 15, 2009 11:04am Feb 15, 2009 11:04am
Thanks to cobra and team for THV, the system is quite nice.

Last question, when are the best times to utilize this system for the majors?

Asian, London or US?

TIA guys!
  • #5,969
  • Feb 15, 2009 1:17pm Feb 15, 2009 1:17pm
Quoting doblece
Pics 2 and 3: you're having a slight bullish divergence forming... and a flat market. Short entry comes much later on... or you could have entered as soon PA crossed the cloud and Trix changed color (the previous candle) for a 20-30 pips trade.
Thank you for your reply Doblece ... But i do not understand how you determine the "slight bullish divergence" ... ?Can you show me in my chart, of course if it is not hard... Anyway thank you very much... I just want to understand. Thank you.
  • #5,970
  • Feb 15, 2009 1:25pm Feb 15, 2009 1:25pm
Quoting Wlfx
Thank you for your reply Doblece ... But i do not understand how you determine the "slight bullish divergence" ... ?Can you show me in my chart, of course if it is not hard... Anyway thank you very much... I just want to understand. Thank you.
Trix is rising and price is falling. When the two do not correlate it is called divergence. Please check your THV manual for an explanation and chart. It really helps explain it.
  • #5,971
  • Feb 15, 2009 1:39pm Feb 15, 2009 1:39pm
Turn on the "Divergence Indicator" in the THV Trix indicator window.........this is one of the best indicators I have seen in a very long time..........

It will show you the occasions when Divergence appears. Start with a Daily chart and work your way down through 4H, 1H and 30Min. Divergence is one of the strongest indicators in Forex. Look at the EUR/USD Daily divergence; you could earn a living from just that!

Quoting Wlfx
Thank you for your reply Doblece ... But i do not understand how you determine the "slight bullish divergence" ... ?Can you show me in my chart, of course if it is not hard... Anyway thank you very much... I just want to understand. Thank you.
  • #5,972
  • Feb 15, 2009 1:46pm Feb 15, 2009 1:46pm
Quoting BeachBum
Turn on the "Divergence Indicator" in the THV Trix indicator window.........this is one of the best indicators I have seen in a very long time..........
Please, everyone, listen to BB. I have been studying the THV divergence indicator and it is very, very good. If you want to trade very conservatively, wait for divergence on higher TF's, then wait for THV rules to kick in. This will ensure a higher possibility of success. Just be patient.
  • #5,973
  • Feb 15, 2009 2:07pm Feb 15, 2009 2:07pm
Quoting TradeWell
Trix is rising and price is falling. When the two do not correlate it is called divergence. Please check your THV manual for an explanation and chart. It really helps explain it.
TradeWell...

The reason why i ask because i draw manually the trendlines and cannot see divergence...(already read manual )....And divergence already set to true + 4500 bars to count and nothing happened you will see in attached picture. (The earlier picture from my second computer....i do not set divergence bars more than 500 because it MT freezes(not responding)).

Maybe i am doing something wrong ? Wrong draw trendlines ?I think if i do wrong trix will show it...will must show there divergence and put arrow...
Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 23 KB
  • #5,974
  • Feb 15, 2009 2:14pm Feb 15, 2009 2:14pm
Quoting Wlfx
TradeWell...

The reason why i ask because i draw manually the trendlines and cannot see divergence...(already read manual )....And divergence already set to true + 4500 bars to count and nothing happened you will see in attached picture. (The earlier picture from my second computer....i do not set divergence bars more than 500 because it MT freezes(not responding)).

Maybe i am doing something wrong ? Wrong draw trendlines ?I think if i do wrong trix will show it...will must show there divergence and put arrow...
Thank you
You've got there a reverse bullish divergence just before the Trix starts rising...
  • #5,975
  • Feb 15, 2009 4:22pm Feb 15, 2009 4:22pm
Quoting Wlfx
Maybe i am doing something wrong ? Wrong draw trendlines? ...
The divergence is indicated with the green arrow. I put yellow arrows pointing to the green lines I drew. This is where I see the divergence. Divergence can be drawn with both lines on top or both lines below the highs/lows. The indicator shows dashed green lines, which are not perfect and why you should always double-check the indicator.

There are two more instances of divergence on the left, again with two green arrows.
Attached Image
  • #5,976
  • Feb 15, 2009 4:29pm Feb 15, 2009 4:29pm
Hi everybody, I hope you had a relaxing weekend.

I wish you a great trading week and don't forget that about 80% of all weekend gaps get filled.

Hope this isn't one of those 20%

Upps, 2000 posts, gonna have a champagne
Attached Image (click to enlarge)
Click to Enlarge Name: gap15.gif Size: 30 KB
  • #5,977
  • Feb 15, 2009 4:34pm Feb 15, 2009 4:34pm
Quoting cobraforex
Hi everybody, I hope you had a relaxing weekend.

I wish you a great trading week and don't forget that about 80% of all weekend gaps get filled.

Hope this isn't one of those 20%

Upps, 2000 posts, gonna have a champagne
on the 2000 posts. BTW - look at the posts now on the thread!! Closing on 6000 -

Have a great day everybody -
Pip what you see; See what you pip!
  • #5,978
  • Edited 5:04pm Feb 15, 2009 4:42pm | Edited 5:04pm
i have seen reference to reverse divergence and classic divergence but i dont seem to be able to find anything other than "divergence" on investopedia. could someone explain the differences?

well, i guess if i had broke out the ole google tool i would have answered my question and not taken up the space here. sorry. here is a link to an explanation of the differences.

http://tinyurl.com/c2fhty

and here is a final edit to a site that explains divergence in more detail and has some examples for those of us that need some clarification.

http://tinyurl.com/bxpotj
  • #5,979
  • Feb 15, 2009 4:48pm Feb 15, 2009 4:48pm
Quoting maneddi
i have seen reference to reverse divergence and classic divergence but i dont seem to be able to find anything other than "divergence" on investopedia. could someone explain the differences?
In the manual you find a picture explaining different divergence.
  • #5,980
  • Feb 15, 2009 4:53pm Feb 15, 2009 4:53pm
yes i saw the manual but it doesn't say that reverse and hidden are the same thing.
21 traders viewing now