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THV system, final edition

  • #6,601
  • Feb 23, 2009 10:55am Feb 23, 2009 10:55am
Guys, whats ur recomended TF on EJ ?

Quoting cigarguy
I checked out the indicators in this thread and could not find the custom folder or the BB mq.4 indicator. Would you tell me where to find it?

Thanks,
Cigarguy
If u referring BB as the bolinger band TradeWell mentioned, its in ur MT4 ...
Attached Image
  • #6,602
  • Feb 23, 2009 10:56am Feb 23, 2009 10:56am
press on the button 'navigator' on MT4, under the 'Custom' tree, find 'band', drag and drop to your chart...


Quoting cigarguy
I checked out the indicators in this thread and could not find the custom folder or the BB mq.4 indicator. Would you tell me where to find it?

Thanks,
Cigarguy
~*~You are only one trade away from humility~*~
  • #6,603
  • Feb 23, 2009 11:00am Feb 23, 2009 11:00am
5 trades today, all winners! that's +95 pips for me

just watching THV and going with the trend

(which is down btw )
  • #6,604
  • Feb 23, 2009 11:03am Feb 23, 2009 11:03am
Quoting TradeWell
It is in your MT4 program. Top menu: Insert=>Indicators=>Custom=>Bands
OK, thanks to all, got it now.

Regards,
Cigarguy
Keep It Simple
  • #6,605
  • Feb 23, 2009 11:04am Feb 23, 2009 11:04am
Quoting cigarguy
Traderathome, in a earlier post you said that your primary BB's are the inner ones with a settings of periods 10 and deviation 1.5. In playing with your BB settings I cannot get the 1.5 setting it defaults to a deviation of 1. (maybe this is no big deal but just checking) Curious about the method in which you use the two BB's. Would you explain how you use the two BB's together or refer me to the post where you already did?

Of course, the second BB with settings of periods 20 and deviations is no problem. Your thoughts!

Regards,
Cigarguy
Use the "Bands" indicator that comes in the Custom Indicators list.
  • #6,606
  • Feb 23, 2009 11:23am Feb 23, 2009 11:23am
Quoting traderathome
Use the "Bands" indicator that comes in the Custom Indicators list.

Yes, got it now! What post did you explain how you use the bands?

Regards,
Cigarguy
Keep It Simple
  • #6,607
  • Feb 23, 2009 11:36am Feb 23, 2009 11:36am
Quoting Jack Herer
5 trades today, all winners! that's +95 pips for me

just watching THV and going with the trend

(which is down btw )
well done Jack.

PA bounced away from the weekly Pivot, also 61.8 Fib of the last bull move.

Watch that level and also the DP !!!
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  • #6,608
  • Feb 23, 2009 11:37am Feb 23, 2009 11:37am
Quoting Jack Herer
5 trades today, all winners! that's +95 pips for me

just watching THV and going with the trend

(which is down btw )
Hi Jack,

Well done for today. Would you be kind enough to post a few examples of those trades and the reasons why you took them.

Thanks

Dazzer
  • #6,609
  • Feb 23, 2009 1:03pm Feb 23, 2009 1:03pm


Bye every one. Done for today with just +50 pips in 12 trades. I should learn to reduce my shot and trade ONLY the most prospective trade.

Once again thanks to all THV teams for your best support and patience.
Manage your risk accordingly and you're half done your home work.
  • #6,610
  • Feb 23, 2009 4:05pm Feb 23, 2009 4:05pm
If I get a sound classicle bulish divergence that means that I also have to c a new arrow on the same time?
  • #6,611
  • Feb 23, 2009 4:39pm Feb 23, 2009 4:39pm
Quoting yab
If I get a sound classicle bulish divergence that means that I also have to c a new arrow on the same time?
Yes, you should see the arrow also.
  • #6,612
  • Feb 23, 2009 7:58pm Feb 23, 2009 7:58pm
took a buy at dp and out at mr1
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  • #6,613
  • Feb 23, 2009 8:19pm Feb 23, 2009 8:19pm
Quoting Jack Herer
5 trades today, all winners! that's +95 pips for me

just watching THV and going with the trend

(which is down btw )
Jack , in what tf are you working ? 15 and 5 ?
  • #6,614
  • Feb 23, 2009 8:52pm Feb 23, 2009 8:52pm
Hello THV Traders,

I've never paid much attention to divergence, but know that I should. So, I have a question for those of you who are good at THV and divergence. Does the attached chart show bullish divergence, meaning that I might want to be looking for a buy? Also, this is M15 chart. Is divergence indicator valid on this timeframe?

Thanks.
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Up or down, gimme a ticket
  • #6,615
  • Feb 23, 2009 9:11pm Feb 23, 2009 9:11pm
about 3 hours ago it shown bullish
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  • #6,616
  • Feb 23, 2009 9:12pm Feb 23, 2009 9:12pm
Specialed,

The EURUSD chart that you have posted is definately showing bullish divergence. The new trix divergence indicator indicates the same. Divergence readings are very important and give lots of extra pips.
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Nobody ever went broke taking profits.
  • #6,617
  • Feb 23, 2009 9:19pm Feb 23, 2009 9:19pm
Quoting aries2103
Specialed,

The EURUSD chart that you have posted is definately showing bullish divergence. The new trix divergence indicator indicates the same. Divergence readings are very important and give lots of extra pips.
Thanks to both of you who replied with helpful information.
Up or down, gimme a ticket
  • #6,618
  • Feb 23, 2009 9:36pm Feb 23, 2009 9:36pm
Divergence is a very powerful indicator when properly used; and the THV indicator is excellent. I have an MT4 terminal running that is devoted to Divergence Signals. 3 charts on 20 pairs; 60 charts total. Daily, 4H and 1H with alert enabled. When an alert sounds, I take a look at that pair and include the divergence signal in my trading plan. On smaller time frames the signal may or not be of significance; take a look at higher time frames before deciding how valid the signal really is. And if you decide to 'look back' at older signals, remember the arrow does NOT show on the chart until after the candle following the signal has closed. That means you could potentially enter a trade on the third candle; that may be too late on small time frames; another good reason to watch the bigger charts for this signal.

Quoting SpecialEd
Hello THV Traders,

I've never paid much attention to divergence, but know that I should. So, I have a question for those of you who are good at THV and divergence. Does the attached chart show bullish divergence, meaning that I might want to be looking for a buy? Also, this is M15 chart. Is divergence indicator valid on this timeframe?

Thanks.
  • #6,619
  • Feb 23, 2009 9:49pm Feb 23, 2009 9:49pm
Quoting BeachBum
Divergence is a very powerful indicator when properly used; and the THV indicator is excellent. I have an MT4 terminal running that is devoted to Divergence Signals. 3 charts on 20 pairs; 60 charts total. Daily, 4H and 1H with alert enabled. When an alert sounds, I take a look at that pair and include the divergence signal in my trading plan. On smaller time frames the signal may or not be of significance; take a look at higher time frames before deciding how valid the signal really is. And if you decide to 'look back' at older signals, remember...
Great post, BeachBum. Thanks. I think I read somewhere on here not to really consider divergence on anything less than M15.

So, if that is bullish divergence on M15, does anyone see the potential for an "M", or Double Top, on H1? I thought we were on our way about a half-hour ago, when we got to 2726, but the 2722 resistance is still in play.

Good trading all.
Up or down, gimme a ticket
  • #6,620
  • Feb 23, 2009 10:11pm Feb 23, 2009 10:11pm
Quoting SpecialEd
Great post, BeachBum. Thanks. I think I read somewhere on here not to really consider divergence on anything less than M15.

So, if that is bullish divergence on M15, does anyone see the potential for an "M", or Double Top, on H1? I thought we were on our way about a half-hour ago, when we got to 2726, but the 2722 resistance is still in play.

Good trading all.
The H1 just signaled to analyze buy. So I think we have to wait to see if the resistance will break to know if we will keep moving up.
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