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THV system, final edition

  • #6,341
  • Feb 19, 2009 11:51am Feb 19, 2009 11:51am
Quoting supremeChaos
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"
Second name of traderathome is "Bollinger Squeeze"
  • #6,342
  • Feb 19, 2009 11:54am Feb 19, 2009 11:54am
Quoting cobraforex
traderathome is "Bollinger Squeeze"
Think that is still illegal is some countries ....
  • #6,343
  • Feb 19, 2009 11:56am Feb 19, 2009 11:56am
Quoting traderathome
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...
Nice chart and clear explanations,

Cigarguy
Keep It Simple
  • #6,344
  • Feb 19, 2009 12:02pm Feb 19, 2009 12:02pm
Trading today was like shooting with a saw up shotgun in a barrel of fish.

I see that most of you got your part of the cake, some great calls and trades where posted.

Thanks Traderathome for your inside of the Bollinger bands, a technique worth to learn.
  • #6,345
  • Feb 19, 2009 12:11pm Feb 19, 2009 12:11pm
Found this MACD Divergence Indicator on another thread. Have no idea if it is of any use or repaints. Maybe someone could take a look and advise.

Regards,
Cigarguy
Attached File(s)
File Type: mq4 MACD_Divergence.mq4   9 KB | 852 downloads
Keep It Simple
  • #6,346
  • Feb 19, 2009 12:12pm Feb 19, 2009 12:12pm
It looks to me as if there is bullish divergence on the M15. However, there was no signal from the indicator. Any other opinions?
  • #6,347
  • Feb 19, 2009 12:23pm Feb 19, 2009 12:23pm
Quoting TradeWell
It looks to me as if there is bullish divergence on the M15. However, there was no signal from the indicator. Any other opinions?
Seems to be strong resistance at R-3, the shoulder on 5 min chart!

Cigarguy
Keep It Simple
  • #6,348
  • Feb 19, 2009 12:25pm Feb 19, 2009 12:25pm
Quoting cobraforex
Trading today was like shooting with a saw up shotgun in a barrel of fish.

I see that most of you got your part of the cake, some great calls and trades where posted.

Thanks Traderathome for your inside of the Bollinger bands, a technique worth to learn.
That M15 bearish divergence scored for me, but I had to anticipate it. It seems you have to realize divergence is going to happen before it does, because the indicator signals a little late most of the time.
  • #6,349
  • Feb 19, 2009 12:27pm Feb 19, 2009 12:27pm
Quoting TradeWell
It looks to me as if there is bullish divergence on the M15. However, there was no signal from the indicator. Any other opinions?
I caught the bearish divergence on the 15 earlier today - http://www.forexfactory.com/showpost...postcount=6318 - about 1 1/2 candles before the indicator revealed itself. Though, not nearly as prominent, I see the bull divergence developing and the potential is it may be over - though, your h&s pattern is still in play, though not as much so -

Attached Image (click to enlarge)
Click to Enlarge Name: chart 6.gif Size: 23 KB
Pip what you see; See what you pip!
  • #6,350
  • Feb 19, 2009 12:30pm Feb 19, 2009 12:30pm
Possibilities on EurJpy on current 5M chart.....looking for a break up and out of the range.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot #11.gif Size: 34 KB
  • #6,351
  • Feb 19, 2009 12:31pm Feb 19, 2009 12:31pm
Quoting SeerEye
I caught the bearish divergence on the 15 earlier today - http://www.forexfactory.com/showpost...postcount=6318 - about 1 1/2 candles before the indicator revealed itself. Though, not nearly as prominent, I see the bull divergence developing and the potential is it may be over - though, your h&s pattern is still in play, though not as much so -
SeerEye, make sure you draw that Trix TL underneath just like on the HA candles. It is still divergence, but lines must always be drawn on the similar side of the action in both windows.
  • #6,352
  • Feb 19, 2009 12:35pm Feb 19, 2009 12:35pm
Quoting TradeWell
SeerEye, make sure you draw that Trix TL underneath just like on the HA candles. It is still divergence, but lines must always be drawn on the similar side of the action in both windows.
oops - drawn in haste - you're right
Attached Image (click to enlarge)
Click to Enlarge Name: chart 6.gif Size: 23 KB
Pip what you see; See what you pip!
  • #6,353
  • Feb 19, 2009 12:44pm Feb 19, 2009 12:44pm
Hello guys I have a problem with understanding how to deal with the 3 zero lines on the trix indicator, and where it should cross.
Also, the indication on the left are a bit confusing to me.
I feel kind of stupid, but my basic question is about a strait froward way to interpret the trix, without the written indications.
The video and the guide have not been helping much.
I'm not a newbie but I'm confused.
Cluod, snake, heiken etc are fine, just I don't get the basic behaviour of the trix, which I imagine is a bit different from a stochastic indicator.
Thanks for your help
Max
  • #6,354
  • Feb 19, 2009 12:44pm Feb 19, 2009 12:44pm
cobraforex, macman,



Quote
Second name of traderathome is "Bollinger Squeeze"
Quote
Think that is still illegal is some countries ...
  • #6,355
  • Feb 19, 2009 12:50pm Feb 19, 2009 12:50pm
dorellino,
if i may,
the middle "0" is the "real zero", "where it should cross" as u said.

the upper & lower "0" lines are the overbought (red) & oversold (green) areas, wherein when hit, price is "expected" to retrace/reverse.
  • #6,356
  • Feb 19, 2009 12:55pm Feb 19, 2009 12:55pm
Quoting dorellino
Hello guys I have a problem with understanding how to deal with the 3 zero lines on the trix indicator, and where it should cross....
....which I imagine is a bit different from a stochastic indicator...
It is actually not all that different from the stochastic. It is also an oscillator and has a fast and slow line. Fast line very high is overbought, fast line low is oversold. The white dashed line is zero, the red one indicates overbought and the green one indicates oversold. The difference is it works so much better than the stochastic, which is the main oscillator I used to use.

Here is more info:
http://www.investopedia.com/articles.../02/092402.asp
  • #6,357
  • Feb 19, 2009 1:07pm Feb 19, 2009 1:07pm
1.2685 is serving as serious support, but I think there is a H&S on M15 and M30. Here is one of my analysis charts. Tradewell, I saw your reference to one on the M5 some time ago.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 19 KB
Up or down, gimme a ticket
  • #6,358
  • Feb 19, 2009 1:13pm Feb 19, 2009 1:13pm
Quoting SpecialEd
1.2685 is serving as serious support, but I think there is a H&S on M15 and M30. Here is one of my analysis charts. Tradewell, I saw your reference to one on the M5 some time ago.
Yes, I gave up on the one on M5, but just noticed one on the M15 about 10 minutes ago.
  • #6,359
  • Feb 19, 2009 1:14pm Feb 19, 2009 1:14pm
Quoting TradeWell
Yes, I gave up on the one on M5, but just noticed one on the M15 about 10 minutes ago.
It would be sweet, but I'm still thinking about that gap, too.
Up or down, gimme a ticket
  • #6,360
  • Feb 19, 2009 1:17pm Feb 19, 2009 1:17pm
Quoting SpecialEd
It would be sweet, but I'm still thinking about that gap, too.
Oh yeah. That usually closes within hours but I noticed that occasionally it can take several days.
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