THV system, final edition

Question to people who trade EUR/JPY during Tokyo session:

What's your setting for the market open time for the pivots indicator?
(Destination_HrsNewTzFromGMT in SDX-TzPivots indicator)
I chose 0, which means Today starts at Tokyo session start (GMT0).
Is there anyone who is using another setting (e.g. GMT9)?
It seems my setting works well but I'm still a bit uncertain.

Additionally, my impression is that EUR/JPY doesn't seem to pay much attention to sweet spots like 20, 80, 33 or 66 compared to EUR/USD? What do you think?

Lol.
It appears that I found a document on the Net with Sartre himself explaining the true meaning of his phrase... and it's a little bit long but doesn't mean that others "are Hell"... instead that others make us have to face our own internal hell, something like that. Like being a mirror or so.
That's why I placed it in my sig... and it can have a double meaning as well depending on how much stressed I am or not, LOL.

Cobra, or Doblece......as you know, my computer is outa action until I find the time to work on it. Meanwhile, am using wife's computer off and on. Had to put together a quasi-THV template, but need the .mq4 for the red/yellow/green line. Can you post this .mq4 file for me to add to the template I am using on her computer? Thanks.

Check your email, please

[IMG]file:///C:/DOKUME%7E1/KNEFEL%7E1/LOKALE%7E1/Temp/moz-screenshot.jpg[/IMG]Good morning How can i upload a chart ?

Here I show you. click the image. It is animated gif.:

personalme, how u do that animated gif ?

Thank you! Where is the image?

Don't see the image yet? Try click here

Cfp85, it is old grandma secret. Kidding. I use Camtasia. Not free actually but there's open source version called Camstudio. Just google it.

Great tutorial, personalme

Here is a 5M chart that includes std BB (dotted brown) and non-std BB (solid blue) which can be used to spot price breakouts (=momentum). The std BB is period 20, deviation 2 (though I sometimes tweek to 1.9). The non-std BB is period 10, deviation 1.5. The best trades are when BOTH BBs pinch at the same time, not just one or the other. A good entry price is around the level of the pinch line of the inner BB, upper or lower depending on direction of breakout. A note of caution is that Head Fakes cannot be identified as such at this quick entry level, and sometimes the first run out of a pinch is in the OPPOSITE direction of the final, and maybe substantial run. A note of encouragement is that if a good run is afoot, many times there will be a pop out of the pinch, but later the price returns to the pinch span area....this is what many traders wait for, thus reducing exposure to Head Fakes and still getting a second chance to board....

The attached charts show this action...the first pop to the 162% level, then the pullback, then the resumption of the move.

The MT4 Fibonacci Extension tool can be used to get exit targets. Apply the extension across the gap of the pinch of the inner BB. The resultant levels become targets. There is no guarantee how far a run will progress, but the Fibonacci Extension levels are prime areas outwards from the pinch where the PA (price action) may halt. Some traders take a bit off the trade at each level the PA attains, and up their SL (stop loss) on the remainder. Dual pinching of these BB can foster runs that go for many hours and that include consolidations and pullbacks, sometimes substantial ones, before the PA recovers and goes on to attain another level. An initial setup on a small TF (timeframe) chart may foster a good run that results in new setups on larger TF charts as the run progresses. And sometimes the better pinch span to be applying the extension to is that of the outer BB. So, it is good to experiment with this.

A good pinch on the inner band will invariably achieve the 162% level, while one on the outer band nearly always acheives the 100% level. Nothing is guaranteed, however. Traders that do not want to be in a trade long, tend to look for the first pop to the 162% area and exit, regardless of what happens next...but that is Head Fake territory, too. Here is the start of a sequence of posts that followed a real good example on the EurJpy yesterday: http://www.forexfactory.com/showpost...postcount=1864

And the attached sequence of charts shows what can happen, too....happening while I was preparing this post!

Nice to know that I am not the only one who has noticed that. I would say, it happens quite very often.

Thanks Doblece. Just trying to add something good for this great community.

Anyway here's my breakfast:

Long 1.2595 Close 1.2628
1. 1M both on green trix: checked
2. 5M both green: checked
3. 15M both gree: checked (not shown)

Soon after I took my Long, 5M trix got red for temporary but didn't hit my SL. The MR1 play the support very good. I took profit on 1.2628 because it is near the R2 line and bull looked lost its momentum. I still have to learn not to take my profit too early.

Gosh... I have to learn from Nuan. His yesterday Cable short is very impresive.

Here it now is on the 1 hour chart....still in its' initial POP phase.....

Euro was pushing upwards from the very start of the asian session... anyway it hasn't tested the support break yet (1.2725 - with 1.2706 as previous low and 61.8% retracement of the break down)... so this is due, IMO.

Have a nice continuation and plenty of green pips to all!
Time to close shop and sleep...

Hi;

I Just Want To Double Check That If I Want To Work With M1 & M5 And Use M15 For Confirmation (General Trend) , I Should Active The Alerts Just For M5 ? Because I Have Them For M1 & M5, And Many Entry Alerts Are In Opposite Direction Of M5 And M15 ... I Just Want To Have The Alerts That Really Could Be An Entry Signal. Because I Don't Enter On M1 Itself.

Regards,

The first 5M chart is the one on which the originally drawn Fibonacci Extension appears. The second 5M chart shows the Fibonacci Extension redrawn at the second dual pinch created as the PA progressed. As you can see, the accuracy of predicting the places where the PA may halt is incredibly good. The PA hit the 638% Fib. Ext. level and failed there (for the time being).

Fibonacci Extensions across BB pinches are VERY accurate, so much so that other indicators such as Pivots are not essential, though having both in agreement is comforting......you just have to find the RIGHT pinch to make your Fibonacci Extension measurement across! The better defined the pinches and the larger the TF, the better the results.

Hello traderathome

Bollinger pinch seems great. Though I find using the standard BB on Metatrader does not allow me to change the deviation. Also how can I get rid of the middle band. Any help will be appreciated.

Dedyal

Thanks traderathome - GREAT post

Man there is some good stuff in this thread ..

Amen to that ... spot on