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THV system, final edition

  • #6,381
  • Feb 19, 2009 4:04pm Feb 19, 2009 4:04pm
Quoting traderathome
EurUsd on 1M chart.....watching for possibility here.

Edit: Added second chart.....and still waiting....

Edit: Added third chart showing pinch & fib extensions. Overall, start is weak and this may turn out to take longer to finally achieve a breakout, one way or the other. But for now, we will see. They sometimes get a lazy start...
The 1M chart shows a very slow upwards drift. Meanwhile the 5M chart (not attached) may be setting up for a Dual Pinch. If it does, then this could pick up some steam.
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  • #6,382
  • Feb 19, 2009 4:14pm Feb 19, 2009 4:14pm
Quoting macman
Think of it like learning to play music. Show me a musical score and I have no idea what all those squiggles mean - show a trained musician and he/she can hear that piece playing just by looking at the incomprehensible squiggles.
Nice post, I liked very much the example of the musicians.

We use the trading simulator in the THV Team a lot to get costumed to the different Trix pattern.

You gain THV experience fast and without any risk.
  • #6,383
  • Feb 19, 2009 4:21pm Feb 19, 2009 4:21pm
Quoting traderathome
The 1M chart shows a very slow upwards drift. Meanwhile the 5M chart (not attached) may be setting up for a Dual Pinch. If it does, then this could pick up some steam.
Chance for a H&S in 30M if returns to bear and breaks R2
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  • #6,384
  • Feb 19, 2009 4:25pm Feb 19, 2009 4:25pm
Quoting cobraforex
We use the trading simulator in the THV Team a lot to get costumed to the different Trix pattern.
I too use the simulator but do not seem to be able to see more than one screen at a time. When I see a TRIX move on say M5 I also want to see what happened on M1 etc. Maybe I am doing something wrong?
  • #6,385
  • Feb 19, 2009 4:31pm Feb 19, 2009 4:31pm
Yes, is the unique disadvantage that has the simulator.

Quoting macman
I too use the simulator but do not seem to be able to see more than one screen at a time. When I see a TRIX move on say M5 I also want to see what happened on M1 etc. Maybe I am doing something wrong?
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #6,386
  • Feb 19, 2009 4:36pm Feb 19, 2009 4:36pm
Going out on the limb first up eurusd 1.2705 second 1.2768 o-boy
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  • #6,387
  • Feb 19, 2009 4:46pm Feb 19, 2009 4:46pm
Quoting avi
sorry for my inglish i open the insert but i have fibo expansion ?
How to draw fibo lines and PA. I remember Cobra used to have some funny comments on each level.
  • #6,388
  • Feb 19, 2009 5:19pm Feb 19, 2009 5:19pm
Quoting cobraforex
I don’t use it with that settings because you suppose not to trade when the PA is in the cloud and in your 1H chart you see almost all the nice bull move today being inside the cloud.

The THV settings are for short term day trading and help to secure the trades, it’s impossible to catch the bottoms, depending on the TF, using this THV rule.

Would be interesting how you interpret the rules for the higher settings.
I do not trade within the cloud as a rule. I am studying both settings and feel confident when PA is below or above both clouds at the same time. Today I was watching how the candles were respecting the cloud perfectly and bouncing off the cloud in the 30 min TF and the 7,22,44. At the same time the rules did apply for the 2,3,5 although the PA was considerably above the 2,3,5. It made it easier emotionally to enter the trades.
Just learning, and testing.
Thank you for all your efforts.
  • #6,389
  • Feb 19, 2009 5:38pm Feb 19, 2009 5:38pm
Quoting abbassi
It made it easier emotionally to enter the trades.
Important is that you feel good with it and make pips.
  • #6,390
  • Feb 19, 2009 6:02pm Feb 19, 2009 6:02pm
I can no longer say that I don't trade this system. I was looking for a short anyway, But I did it with Cobras THV. Vista still sucks
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  • #6,391
  • Edited 7:17pm Feb 19, 2009 6:07pm | Edited 7:17pm
Quoting traderathome
I believe THEY make that pullback happen for the sole purpose of being able to spread out their buildup of positions over multiple pullback opportunities so as to not wildly drive the price against themselves....which is what would happen if they all jumped at the same time.
Traderathome,
How true. Institutional traders add onto their profitable position whereas retail traders like us (or most of us) scale back on profitable position taking profit and letting the rest run up. This is for good reasons too. We trade with our own hard earned money and they don't.

Quoting kerty9
May be experienced traders can give few tips to overcome these psychological hurdles
Kerty9,
My advice for you if you are not getting it, is to trade demo and post charts here so that the rest of us here can help you.
  • #6,392
  • Feb 19, 2009 7:09pm Feb 19, 2009 7:09pm
Quoting abbassi
I do not trade within the cloud as a rule. I am studying both settings and feel confident when PA is below or above both clouds at the same time. Today I was watching how the candles were respecting the cloud perfectly and bouncing off the cloud in the 30 min TF and the 7,22,44. At the same time the rules did apply for the 2,3,5 although the PA was considerably above the 2,3,5. It made it easier emotionally to enter the trades.
Just learning, and testing.
Thank you for all your efforts.
LOOK FOR 2-13-18
  • #6,393
  • Feb 19, 2009 7:21pm Feb 19, 2009 7:21pm
Quoting kerty9
My problem is that I can not see the perfect setup until after it shows up on my chart and by that time, it is too late any way. I can see the perfect setup after the fact, in hindsight, after it has developed on the chart, but not while it is developing on a chart....
Price DOES go in any direction, even if trending nicely. It has its own squiggly way to move from one point to another, and as soon that point has been reached, it comes back again zigzagging to a lower point than the start if it's trending down, or a higher low if it intends to keep on rising. Or the inverse sometimes.

If you watch shorter timeframes, you can see that there's a decision being made almost every 10-15 pips, do we go up, let's try lower again, etc.
Support and resistances are being broken, then tested, and retested, and maybe re-broken in inverse direction, ad infinitum.
And it most often tends to come back to a middle level.

What timeframe do you usually trade from? The mistake we most usually make is to trade from a particular setup in a given timeframe, and then try to apply or react to price patterns that pertain to a smaller or higher TF.
This gets us totally confused after a while.

First of all, you have to be confident with your own money and risk management, thus accepting that you might be wrong after all, and that it's ok because it is part of the game; this way you'll be able to pull the trigger without worrying too much about the outcome. If you are trading live and are freezing, go back to a demo account, or try to practice on week-ends with the simulator. Appropriate timing is a habit that has to be developed. We tend to analyze too much and react much later, usually after the fact. Time is paramount especially in small timeframes.

Then you should see what the trend is up to, under several points of view, and at that particular moment (the market can change trends a lot, especially in shorter timeframes). Know the average swing expectation on each TF, so you can gauge easily if it's most likely to come back or will continue for a while in that direction. Know also which is the average time that particular swing uses to last. DRAW TRENDLINES on each. BOTH ways (there is always an underlying opposite trend going on).

Chose at least two, better 3 IMO, correlated TFs to watch simultaneously.
Have enough patience to wait for the exact moment to make the entry, that you will have defined in advance according to your own system and expectations, and enough swiftness to act immediately when the moment has come.
  • #6,394
  • Feb 19, 2009 7:38pm Feb 19, 2009 7:38pm
wondering how to turn off alerts loaded thv on second computer for charting and would like to turn off
  • #6,395
  • Feb 19, 2009 7:47pm Feb 19, 2009 7:47pm
Market is so far very generous today after beating us up for the last couple of days. Happy collecting pips everyone !
  • #6,396
  • Feb 19, 2009 7:53pm Feb 19, 2009 7:53pm
Quoting doblece
Price DOES go in any direction, even if trending nicely.......
Great post CC

I want to add a link to a post of Bemac, related to traders Psichology, a good read:

http://www.forexfactory.com/showpost...ostcount=66794
  • #6,397
  • Feb 19, 2009 7:55pm Feb 19, 2009 7:55pm
Quoting Pipin8easy
wondering how to turn off alerts loaded thv on second computer for charting and would like to turn off
You can disable all alerts in the Trix properties window
  • #6,398
  • Feb 19, 2009 7:57pm Feb 19, 2009 7:57pm
Quoting caveman
Market is so far very generous today after beating us up for the last couple of days. Happy collecting pips everyone !
Yep, also that H&S I was talking about some hours ago, worked out pretty nice.

Wasn't the most beautiful one but what counts are the pips.
  • #6,399
  • Feb 19, 2009 8:02pm Feb 19, 2009 8:02pm
ok who sawed of my LIMB
  • #6,400
  • Feb 19, 2009 8:05pm Feb 19, 2009 8:05pm
Quoting cobraforex
Yep, also that H&S I was talking about some hours ago, worked out pretty nice.

Wasn't the most beautiful one but what counts are the pips.
the richest girl at the dance ain't always the prettiest!
Pip what you see; See what you pip!
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