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THV system, final edition

  • #6,621
  • Feb 23, 2009 10:19pm Feb 23, 2009 10:19pm
Quoting TradeWell
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.

Yeah, I know you're right. Imo, it's dangerous territory right now. It's hit up against the 2722/2725/2726 area a lot over the past few hours. Sometimes, lots of hits means pa is persevering, and it will eventually crash through. Too many hits without penetration, however, often means drastic bounce for many pips in the opposite direction.

I still see bullish divergence on M15 THV, and my regular M15 Ichimoku is moving into the cloud - up.

WTFrKs.
Up or down, gimme a ticket
  • #6,622
  • Feb 23, 2009 10:35pm Feb 23, 2009 10:35pm
Cobra,

THV has come a long way since you started your endevour on the THV system. Was going through the older posts when you started. Good always to remember that you didnt give up on the project.

http://www.forexfactory.com/showthread.php?t=146588
http://www.forexfactory.com/showthread.php?t=153105
http://www.forexfactory.com/showthread.php?t=144288

We would have not had this beautiful system.
Nobody ever went broke taking profits.
  • #6,623
  • Feb 24, 2009 3:57am Feb 24, 2009 3:57am
Yesterday on the Eur/Usd pair, it was presented with a bearish setup on the 'Shakeout' pattern; an hour ago today, we were presented with an Inverse Head & Shoulders on 5-min Eur/Usd and a potential bullish 'Shakeout' Pattern to work on our long trades. As can be seen, first off, we were presented with higher highs and higher lows; potential H&S pattern. I entered long at the trend line break between pivotal 3 and pivotal 4. Probability of success of the said pattern is very high. Take care.

Have a good one
Jeff
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR THV 02242009 (i).jpg Size: 153 KB
Click to Enlarge Name: EUR Median Lines 02242009 (i).jpg Size: 116 KB
~*~You are only one trade away from humility~*~
  • #6,624
  • Edited 4:15am Feb 24, 2009 4:03am | Edited 4:15am
I am a beginner user of THV V3
I would like to ask some question

Could you have good result just by using single timeframe?

Because I can't make the simulator show the 5m chart
and 1m chart simultaneously

Even if I can,it is almost impossible to keep it synchronize

So I am just using the 5m chart to practice
Is that a good practice method for a newbie?

I have to apologize for my poor English if it cause you any troubles
Besides,thank you for your endeavor and hardworking on this thread
  • #6,625
  • Feb 24, 2009 4:10am Feb 24, 2009 4:10am
Hi Typhoonking:

My personal take is that, disregard of what type of trading styles; you will always be in the 'handicap' situation if you just stick with one time frame. I don't think THV presents any problem for the said issue. The most important thing is that the 'long-term' intraday time frame will always give you the overall posture of what the market is attempting to resolve. Though I have never use the simulator; but what I would like to suggest is that you should do the simulations separately in the 1-min, 5-min, 15-min time frame so that you will be able to have a good and solid market feelings of the said time frames. When it comes the time to go real-time, you will not be surprised by the gyrations and reactions of THV towards the said time frames. Hope this helps...Just my two cents.

Have a good one
Jeff

Quoting typhoonking
I am a beginner user of THV V3 I would like to ask some question Could you have good result just by using single timeframe? Because I can't make the simulator show the 5m chart and 1m chart simultaneously Even if I can,it is almost impossible to keep it synchronize So I am just using the 5m chart to practice Is that a good practice method for a newbie? I have to apologize for my poor English if it cause you trouble Besides,thank you for your endeavor and hardworking on this thread
~*~You are only one trade away from humility~*~
  • #6,626
  • Feb 24, 2009 4:15am Feb 24, 2009 4:15am
55+ pips on 4 trades
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  • #6,627
  • Feb 24, 2009 4:33am Feb 24, 2009 4:33am
Quoting typhoonking
Could you have good result just by using single timeframe?

So I am just using the 5m chart to practice
Is that a good practice method for a newbie?
Typhoon, IMHO though you can't use a multiple timeframe on the simulator. It is still important to keep on the simulator trading. It help you to understand how price works and its behaviour. It also teach you how to trade on "hard" condition with its single timeframe and no preparations for news.

If you can double your simulator account with a proper MM rule, you'll find that it is easier when you go to real trade because now you trade with multiple time frame and also more insight about news. So keep on practise

About THV, yes it is better to use multiple TF. I always pay attention on the 15M and 5M TF. If 15 & 5 tell long, then I look only long trade. The entry is based on 1M TF. With this way, you can minimize your SL and maximize your TP (means safer trading). And last, don't forget to learn divergence. It is one of powerfull tools to pick pips .
Manage your risk accordingly and you're half done your home work.
  • #6,628
  • Feb 24, 2009 6:34am Feb 24, 2009 6:34am
what should i do when i getting this kind of condition, on 5min chart there was a bullish divergence and in oversold condition but in 15 min it say sell.Any opinion or idea. Should i wait or take the selling. I use stochastic in Oanda.
Attached Image (click to enlarge)
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  • #6,629
  • Feb 24, 2009 7:05am Feb 24, 2009 7:05am
Quoting anomaht
what should i do when i getting this kind of condition, on 5min chart there was a bullish divergence and in oversold condition but in 15 min it say sell.Any opinion or idea. Should i wait or take the selling. I use stochastic in Oanda.

Good morning. Two thoughts on your post:
1. I don't think the indication of divergence is very reliable below M15 TF.
2. On the M15, where you were seeing overbought and indication to "jump in" for a short around 2788, I would have stepped back and taken a look at a longer-term TF to determine trend. When the market is trending, a THV signal for counter-trend trade will often yield very few PIPs. It can catch you "flat-footed" looking for more, only to see the market quickly adjust back to the current trend and leave you hoping you had a stop loss set.

Hope this helps.
Up or down, gimme a ticket
  • #6,630
  • Feb 24, 2009 7:53am Feb 24, 2009 7:53am
Quoting SpecialEd
Good morning....
I agree with Ed.
  • #6,631
  • Feb 24, 2009 8:31am Feb 24, 2009 8:31am
Quoting TradeWell
I agree with Ed.
I don't get people agreeing with me very often. Good morning, Tradewell. Sorry I cannot be more help on this thread but my trading has been so suspect lately. Still working on re-claiming my groove. Hope things are good for you. I've seen you around.

Good trading to you all.
Up or down, gimme a ticket
  • #6,632
  • Feb 24, 2009 9:23am Feb 24, 2009 9:23am
i'm a newbee,sorry i want to konw what is the "Divergence",thanks
  • #6,633
  • Feb 24, 2009 9:30am Feb 24, 2009 9:30am
Quoting bhcgn
i'm a newbee,sorry i want to konw what is the "Divergence",thanks
Take a look at this - http://www.investopedia.com/terms/d/divergence.asp. Use Google and Investopedia to learn a lot of the terms, as well as http://www.babypips.com .

To see a little quick cheatsheet on how we use divergence, see attached document.
Attached Image
Up or down, gimme a ticket
  • #6,634
  • Feb 24, 2009 9:34am Feb 24, 2009 9:34am
Quoting bhcgn
i'm a newbee,sorry i want to konw what is the "Divergence",thanks
Divergence happens when the trend of price opposes the trend of the corresponding oscillator. For more details, search divergence on investopedia.com or babypips.com
  • #6,635
  • Feb 24, 2009 9:34am Feb 24, 2009 9:34am
my mother language is not english,and i can not understand V3's alert sounds,can you help me to write the alert content?deeply grateful!
  • #6,636
  • Feb 24, 2009 9:39am Feb 24, 2009 9:39am
TradeWell and SpecialEd ,I appreciate your help very much.
  • #6,637
  • Edited 10:11am Feb 24, 2009 9:50am | Edited 10:11am
Hi Folks

I was searching for something that could be helpfull in one screen setups, including the trading simulator.

I found a multi Time frame Ichimoku indicator that you can set to any TF and have it on the 1M or 5M template to determinate the trend in higher TF's.

Who like, download and play with it, I don't have time actually to test it for complete, but I see it as useful for traders that have only one screen.

here an excample, the PA is above all Ichimoku clouds (here 1,5 and 15 M), a good chance for a long.
Attached Image (click to enlarge)
Click to Enlarge Name: mtf ichi.gif Size: 38 KB
Attached File(s)
File Type: mq4 THV3 MTF_Ichimoku_v1.mq4   4 KB | 2,123 downloads
  • #6,638
  • Feb 24, 2009 9:52am Feb 24, 2009 9:52am
Quoting bhcgn
my mother language is not english,and i can not understand V3's alert sounds,can you help me to write the alert content?deeply grateful!
You can change Msg Alerts to True and Sound Alerts to False in the indicator. That way you can read the alerts instead of hearing them.
  • #6,639
  • Feb 24, 2009 9:53am Feb 24, 2009 9:53am
Quoting cobraforex
...I found a multi Time frame Ichmoku indicator ...Who like download and play with it, ....
I can do that on the weekend when I use the simulator.
  • #6,640
  • Feb 24, 2009 9:55am Feb 24, 2009 9:55am
Quoting cobraforex
Hi Folks

I was searching for something that could be helpfull in one screen setups, including the trading simulator.

I found a multi Time frame Ichmoku indicator that you can set to any TF and have it on the 1M or 5M template to determinate the trend in higher TF's.

Who like download and play with it, I don't have tima actually to test it for complete but I see it as useful for traders that have only one screen.

here an excample, the PA is obove all Ichimoku clouds (here 1,5 and 15 M), a good chance for a long.
I will load it up and take a look.
Up or down, gimme a ticket
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