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THV system, final edition

  • #6,321
  • Feb 19, 2009 9:22am Feb 19, 2009 9:22am
Pinbar possibly forming in 40 minutes on H4. It's a bit early, I know, but just spotted it. Could be the beginning of downtrend. We were at 2760 not long ago.

This is just info. Watch your THV charts, but remember, if you know the trend, you can THV-trade with more confidence.
Up or down, gimme a ticket
  • #6,322
  • Feb 19, 2009 9:30am Feb 19, 2009 9:30am
Hi;

I Have A Problem Entering Positions After Trix And Coral Entry Sign Because Of Pivot Lines !! Today The Distance Between Them Was From 15 To 25 (Mostly) Pips And Anytime I Wanted To Go Long , About 10 Pips Above , There Was A Resistance. What Should I Do In Such Circumstances ?? It's Really Bothering Me !!

P.S. Isn't There AnyOne Who Do Me A Favor And Answer My Last Post About Alerts ?! Please !!

Regards,
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,323
  • Feb 19, 2009 9:37am Feb 19, 2009 9:37am
Quoting SpecialEd
Pinbar possibly forming in 40 minutes on H4. It's a bit early, I know, but just spotted it. Could be the beginning of downtrend. We were at 2760 not long ago.

This is just info. Watch your THV charts, but remember, if you know the trend, you can THV-trade with more confidence.
Daily Trend ...
Attached Image (click to enlarge)
Click to Enlarge Name: eu general trend.gif Size: 57 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,324
  • Feb 19, 2009 9:49am Feb 19, 2009 9:49am
Quoting Basber
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,

Basber:

I did not get the question. You only want the alerts on M5? And are you referring to the audible alerts of trix? Or the pop-up alerts?

In the trix setting you can turn on an off the alerts for trix and divergence...
Deprive a man of everything and you give him nothing to lose.
  • #6,325
  • Feb 19, 2009 9:56am Feb 19, 2009 9:56am
Quoting cashmeer
Basber:

I did not get the question. You only want the alerts on M5? And are you referring to the audible alerts of trix? Or the pop-up alerts?

In the trix setting you can turn on an off the alerts for trix and divergence...
Hi;

I Don't Have Any Problem Working With Alerts ... I Just Wanted To Know , In Which TF I Should Turn Them On ! In Both M1 & M5 Or Just M5 ?

Regards,
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,326
  • Feb 19, 2009 10:01am Feb 19, 2009 10:01am
Quoting Basber
Hi;

I Don't Have Any Problem Working With Alerts ... I Just Wanted To Know , In Which TF I Should Turn Them On ! In Both M1 & M5 Or Just M5 ?

Regards,

well....if you do not enter on the 1 min, as you mentioned, turn them off on the 1 min and leave them on in the 5. Look for the signals on the 15 and enter on the 5....

you may want to leave them on in 15 min, until you are sure you do not want them or do not need them...
Deprive a man of everything and you give him nothing to lose.
  • #6,327
  • Edited 10:28am Feb 19, 2009 10:17am | Edited 10:28am
Quoting cashmeer
well....if you do not enter on the 1 min, as you mentioned, turn them off on the 1 min and leave them on in the 5. Look for the signals on the 15 and enter on the 5....

you may want to leave them on in 15 min, until you are sure you do not want them or do not need them...
Cashmeer, Are your cloud settings 2, 3, 5 ? Sorry not related to alarms.

Regards,
Cigarguy
Keep It Simple
  • #6,328
  • Feb 19, 2009 10:34am Feb 19, 2009 10:34am
Potential H&S on M5.
  • #6,329
  • Feb 19, 2009 10:39am Feb 19, 2009 10:39am
TradeWell, are your cloud settings 2, 3, 5 ?

Thanks and Regards,
Cigarguy
Keep It Simple
  • #6,330
  • Feb 19, 2009 10:43am Feb 19, 2009 10:43am
Quoting TradeWell
Potential H&S on M5.
Roger that . Pressing the Short button...

Ah well. Already lock my SL into BEP. +20 now.
Manage your risk accordingly and you're half done your home work.
  • #6,331
  • Feb 19, 2009 10:43am Feb 19, 2009 10:43am
Quoting TradeWell
Potential H&S on M5.
Pip what you see; See what you pip!
  • #6,332
  • Feb 19, 2009 10:44am Feb 19, 2009 10:44am
Quoting cigarguy
TradeWell, are your cloud settings 2, 3, 5 ?

Thanks and Regards,
Cigarguy
Cigar, the default cloud setting is 2,3,5. You can change it if you want to though I don't see any problem with the setting. It is an indicator called Ichimoku Kinko Hyo.
Manage your risk accordingly and you're half done your home work.
  • #6,333
  • Feb 19, 2009 10:45am Feb 19, 2009 10:45am
Quoting cigarguy
TradeWell, are your cloud settings 2, 3, 5 ?

Thanks and Regards,
Cigarguy
Yes, that is the standard setting.
  • #6,334
  • Feb 19, 2009 10:46am Feb 19, 2009 10:46am
Quoting TradeWell
Yes, that is the standard setting.
Thank you, thats what I was using, just checking.

Regards,
Cigarguy
Keep It Simple
  • #6,335
  • Feb 19, 2009 10:55am Feb 19, 2009 10:55am
Quoting traderathome
Here it now is on the 1 hour chart....still in its' initial POP phase.....
Here again is that originally drawn 1 Hour chart, now with the current 1 Hour chart added. You can see that the PA made it to the 424% Fibonacci Extension level....and more....before finally giving up the ghost (maybe).
Attached Image(s) (click to enlarge)
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  • #6,336
  • Feb 19, 2009 11:18am Feb 19, 2009 11:18am
Quoting traderathome
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...
And finally, the last 5M chart beside the current 5M chart to demonstrate a movement that produced a 2nd Dual Pinch re-entry opportunity with Fib. Extensions well marking some subsequent trade exit areas.....
Attached Image(s) (click to enlarge)
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  • #6,337
  • Feb 19, 2009 11:19am Feb 19, 2009 11:19am
The H&S neckline is acting as a support.
  • #6,338
  • Feb 19, 2009 11:22am Feb 19, 2009 11:22am
If the H&S neckline does not get broken, there is a strong potential for bullish divergence developing on the M15.
  • #6,339
  • Feb 19, 2009 11:29am Feb 19, 2009 11:29am
traderathome,
nice post. indeed, using BBs (bollinger bands) is a fine way of detecting/predicting volatility/breakouts, or lack thereof..
by the way, John Bollinger, who invented Bollinger bands, call it the "squeeze"

where did u learn about applying Fib. expansion on the inner BB's pinch, is there a thread on it? Or did u just thought of it yourself?

i use Standard deviation (a standard/default indicator in MT4; alternatively, custom indicator "BBandwidth ratio" is similar; search for it in FF if needed) to detect the "volatilty run", that is, how far price will go after the breakout/pinch/squeeze. (Standard deviation is flat when price is in a range/low volatility period, expands/rises as volatility rises, peaks when volatility decreases, & turns down when volatility dries up; settings used can be similar to settings in BB: example, BB 20,2, use 20 also in Stand.dev.).
You could say this (using Standard deviation) is the "blind way" of exiting/taking profits, while the method in your post (using Fib. expansions) shows the "seer's/forecaster's way" (how about that, SeerEye? )


  • #6,340
  • Feb 19, 2009 11:49am Feb 19, 2009 11:49am
On the attached 5M chart you can see both the Coral line (G/R/Y) and the T3 line (Aqua). If you have ever wondered if these lines relate to the more common place, then this chart should give you increased confidence in them.

Beside both the lines you can see a second line (black). In the case of the Coral line, the second black line is nothing more than the 89 MA line, which is in the Linear Weighted mode as opposed to the Simple or Exponential mode. Beside the T3 line (which I call the "THV3 Trigger") the second black line is nothing more than a 10 MA which is also displayed in the Linear Weighted mode.

There you go. The THV3 Coral and T3 lines definately relate to the more basic, but through additional data processing they are nicely smoothed for us.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot #10.gif Size: 57 KB
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