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THV system, final edition

  • #6,661
  • Feb 24, 2009 12:13pm Feb 24, 2009 12:13pm
Quoting chamane
Hi,

Is possible for anybody to be so kind and recap the whole system including indicators entry and exit signals, money management, pictures, etc? I started reading the thread. It's interesting, but 444 pages... It has surely improved since post #1.

Thanks.

Chamane
Chamane -
Download and read the PDF file in the 1st post. It is updated and thorough. You will find most, if not all, of your questions will be answered there in the file.
Pip what you see; See what you pip!
  • #6,662
  • Feb 24, 2009 12:16pm Feb 24, 2009 12:16pm
Quoting chamane
Hi,

Is possible for anybody to be so kind and recap the whole system including indicators entry and exit signals, money management, pictures, etc? I started reading the thread. It's interesting, but 444 pages... It has surely improved since post #1.

Thanks.

Chamane
SeerEye and Cashmeer are workig on that; will take about two weeks more
  • #6,663
  • Feb 24, 2009 1:23pm Feb 24, 2009 1:23pm
Hello Cobra and others,

I have been out of the office for a few hours, but when I returned I checked out Cobra's question about multi-timeframe Ichimoku from earlier today.

I am including a chart. I have overlaid THV M1 with Ichimoku M5 (the highest) and M15 (the lowest on the chart). From my first initial observation, I would say that this combination provides for not only a single screen but more conservative, safer trading.

You can see on the chart that, by using all 3 TF's together, I could have avoided executing a long/buy while pa was just ranging in a tight pattern. If I entered when price was above all three clouds, I entered later in the cycle, and earned just as many pips with less stop loss, and less risk, I think.

Sending this out as food for thought. I have not done any more with it than this.
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Up or down, gimme a ticket
  • #6,664
  • Feb 24, 2009 1:42pm Feb 24, 2009 1:42pm
Quoting SeerEye
Chamane -
Download and read the PDF file in the 1st post. It is updated and thorough. You will find most, if not all, of your questions will be answered there in the file.
Quoting SeerEye
SeerEye and Cashmeer are workig on that; will take about two weeks more
Thanks! I read the pdf file and many posts of the thread, but it seems to me that each member that posted something has their own setup and something different... I just want to make sure my setup (see pic) is still valid and that I understand everything that is going on. I am looking forward to reading this new manual.

Chamane
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  • #6,665
  • Feb 24, 2009 2:15pm Feb 24, 2009 2:15pm
Quoting chamane
Thanks! I read the pdf file and many posts of the thread, but it seems to me that each member that posted something has their own setup and something different... I just want to make sure my setup (see pic) is still valid and that I understand everything that is going on. I am looking forward to reading this new manual.

Chamane
You will need to adjust market closing hours (THV3 Market Hours Indicator) by adjusting the broker time in that indicator. You also may need to adjust times in the SDX Pivots indicator. Otherwise it looks correct.
  • #6,666
  • Feb 24, 2009 2:17pm Feb 24, 2009 2:17pm
Greetings,

I have a single screen and have been working with two open charts. I have been using the Ichimoku on a candlestick chart on the hourly and trade THV3 on a 15 minute chart. (EURJPY)

I'm not sure whether it's just that current market conditions favor the swings, but I have found it very useful for keeping me on the right side of the trade...too soon to tell.

I have been using settings 2,3,5 on the hourly ichimoku.

Thanks for the Multitime frame indicator. It will be interesting to see how this plays out over time.


Regards
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  • #6,667
  • Feb 24, 2009 4:03pm Feb 24, 2009 4:03pm
Quoting SpecialEd
Hello Cobra and others,

I have been out of the office for a few hours, but when I returned I checked out Cobra's question about multi-timeframe Ichimoku from earlier today.

I am including a chart....
How to put the MTF cloud in a single chart? Can we use existing indicator to populate MFT clouds Or does it need new indicator?
  • #6,668
  • Feb 24, 2009 5:09pm Feb 24, 2009 5:09pm
Quoting kerty9
How to put the MTF cloud in a single chart? Can we use existing indicator to populate MFT clouds Or does it need new indicator?
Click on this link, THV3 MTF_Ichimoku_v1.mq4 to download it.
  • #6,669
  • Feb 24, 2009 6:00pm Feb 24, 2009 6:00pm
Quoting TradeWell
Click on this link, THV3 MTF_Ichimoku_v1.mq4 to download it.
Thank you for your contribution
But it wouldn't work on simulator
if the timeframe of the indicator is different with your timeframe(chart)


http://i407.photobucket.com/albums/p...10-18-05-1.gif

According to the picture which I save it from simulator
Should I take the divergence signal and get into the trade?
If it was you,what timing would you pull your trigger?

I haven't taken those signals because of the subsequent reasons

First signal:It is under coral and ichimoku
Second signal:It is above coral and ichimoku
Did I do something wrong?

Besides,thanks to jharteam and personalme
I would keep on praticing on simulator and would not
forget the advantage of multi timeframe


PS:I point out the divergence signal with vertical line
  • #6,670
  • Feb 24, 2009 6:15pm Feb 24, 2009 6:15pm
Quoting typhoonking
But it wouldn't work on simulator
if the timeframe of the indicator is different with your timeframe(chart)
But it should work because that is the idea. You have a Multi Time Frame Ichimoku, which means it will have more than one Ichimoku indicator on one chart.

Quoting typhoonking
Should I take the divergence signal and get into the trade?
Divergence is only a flag to alert you to look. You may or may not take the trade depending on your own trading plan rules.
  • #6,671
  • Feb 24, 2009 6:41pm Feb 24, 2009 6:41pm
i downloaded this but i only have 1 cloud. i edited it to show different colors in case my black background was hiding something and i got what you see here. i saw that it only showed 15 in the time frame option in the settings box. how do i set this up to show 5 and 15 minute?
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  • #6,672
  • Edited 8:11pm Feb 24, 2009 7:10pm | Edited 8:11pm
Quoting maneddi
i downloaded this but i only have 1 cloud. i edited it to show different colors in case my black background was hiding something and i got what you see here. i saw that it only showed 15 in the time frame option in the settings box. how do i set this up to show 5 and 15 minute?
You'll have to add one for each additional timeframe that you need to show on your chart: one for 5, the other one for 15 and your usual Ichimoku of the actual TF.

Here is one on M1 with Ichimoku from M1 to Daily

Lines 0, 1 and 4 should be set to color = none.
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  • #6,673
  • Edited 7:55pm Feb 24, 2009 7:30pm | Edited 7:55pm
Hi Typhoonking:

The positive divergence is a valid divergence play. I would ignore the coral for trade entries; it helps to give you an over all directional trend bias but it's not meant for pulling the trigger. I would have entered long 5 candles later from your depicted line as it was closed above the cloud. Although, it still hasn't traded above my white trend line; all the same, I would've entered already as I'm aggressive in divergence play. The second negative divergence wasn't a valid one as price actions have been clearly demonstrating higher highs and higher lows. Case in point, the coral has already turned dark green; which is in line with our decision of taking the positive divergence play to go for long side AND refrain us from taking that negative divergence signal. Finally, during turning point of the market; the Coral will be slow in reflecting the CITs; thereby, giving you the wrong impression that, in this case, the down trend was still in force. The most reliable way of detecting trend changes is to read the market structures and price actions. Coral gives you the overall directional bias of the market and keeps you from being on the wrong side of it. Hope this helps.

Have a good one
Jeff

Quoting typhoonking
Thank you for your contribution
But it wouldn't work on simulator
if the timeframe of the indicator is different with your timeframe(chart)


http://i407.photobucket.com/albums/p...10-18-05-1.gif

According to the picture which I save it from simulator
Should I take the divergence signal and get into the trade?
If it was you,what timing would you pull your trigger?

I haven't taken those signals because of the subsequent reasons

First signal:It is under coral and ichimoku
Second signal:It is above coral and...
Attached Image (click to enlarge)
Click to Enlarge Name: 2008-10-18-05-1.gif Size: 26 KB
~*~You are only one trade away from humility~*~
  • #6,674
  • Feb 24, 2009 7:35pm Feb 24, 2009 7:35pm
Quoting cobraforex
let me know if you could grab the sound files by your own, if not, I have a good chinese friend and I'll have him to grab 'em when he visits me.
you are generous and helpful,thank you cobraforex,i expect it
  • #6,675
  • Feb 24, 2009 8:10pm Feb 24, 2009 8:10pm
Quoting doblece
You'll have to add one for each additional timeframe that you need to show on your chart: one for 5, the other one for 15 and your usual Ichimoku of the actual TF.

Here is one on M1 with Ichimoku from M1 to Daily
Wow, one helluva filter Doublece.
  • #6,676
  • Feb 24, 2009 8:33pm Feb 24, 2009 8:33pm
i hope some of you traded ej all day
there was many pips to be made,i love many pips
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  • #6,677
  • Feb 24, 2009 8:46pm Feb 24, 2009 8:46pm
keeping an eye on ej
if dayly pivot hold as support,
and it breaks yesterdays high
it could go to 126 or 128
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  • #6,678
  • Feb 24, 2009 9:04pm Feb 24, 2009 9:04pm
had a buy 124.30 out at r1
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  • #6,679
  • Feb 24, 2009 9:31pm Feb 24, 2009 9:31pm
Hi All,
The addition of MTF Ichimoku is cool and helps in plotting higher TF in one frame. One more addon could be to add Bill Williams Fractals indicator which is a standard indicator on Metatrader.
A Fractal is one of five indicators of Bill Williams’ trading system, which allows to detect the bottom or the top.

http://www.metaquotes.net/techanalys...cators/fractal
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Nobody ever went broke taking profits.
  • #6,680
  • Feb 24, 2009 9:37pm Feb 24, 2009 9:37pm
Quoting nuancom
had a buy 124.30 out at r1
Great trade, did you get the bounce back as well (psych level 125)?

Chickend out at 61.8 and reversed, already locked

this is a special 1M scalp template for EY !!!
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