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THV system, final edition

  • #7,301
  • Mar 3, 2009 11:11am Mar 3, 2009 11:11am
Quoting DrMcDDC
here are the charts.
Hmm... I don't see anything wrong with your pivot line. Mine is same just like you.
Manage your risk accordingly and you're half done your home work.
  • #7,302
  • Mar 3, 2009 11:34am Mar 3, 2009 11:34am
Quoting Scrutch
Could you activate your PM please...or...PM me with a contact link.
I've a question for you. Thanks
Hi Scrutch.

I activated my PM (I hope). I've never used it before.
Ask away..
  • #7,303
  • Mar 3, 2009 12:06pm Mar 3, 2009 12:06pm
Quoting david4u
Can someone explain if I did someting not according to the sys .
1.Price above blue cloud
2. Fast cross slow at zero level and both are green
3.SL of 10 pips , as price close bellow the cloud
tks
David
S/L was too tight as well.
Why 10 pips?
At the moment of the entry, ATR (20) was 5, thus 3*ATR(20) was 15. Plus spread, that is 17 pips, giving you a safe stop loss just below the next pivot (MR1).

You had entered in a flat market, but if the stop-loss had been set properly your trade could have ended up in positive.
  • #7,304
  • Mar 3, 2009 12:47pm Mar 3, 2009 12:47pm
Hi,

I have Analyze Exit showing permanently on my charts (see pic). Is this a bug? And also, I can try to figure out the meening of the writings. Like Bear cross is certainly related to the Trix indy, but what about everything else? I am sure it's not complicated, but I want to make sure I get the exact rules of those written signals.

Thanks.
Chamane
Attached Image (click to enlarge)
Click to Enlarge Name: Example.gif Size: 120 KB
  • #7,305
  • Mar 3, 2009 12:56pm Mar 3, 2009 12:56pm
Quoting BeachBum
You were attempting to scalp-trade on a 1M chart; not for novices!!!

Look back on your posted chart; most of the trades you would have entered using the same criteria would have been losers. Don't trade below 5M until you are an experienced trader! Others have already advised you about educating yourself. THV is NOT a point-and-shoot method.
Hi,I am a novice too
My main trading timeframe is M5
I am using M1 to optimize my entry
My SL,TP and exit is base on M5
Is this "scalp-trade on a 1M chart" you mentioned above?
Thanks and sorry for my poor english
  • #7,306
  • Mar 3, 2009 1:06pm Mar 3, 2009 1:06pm
I think you have entered a demo trade entry and stop on your chart. Fast and dirty way is to just get rid of the chart and open up a new one and slab on the THV v3 template onto your new chart.

Quoting chamane
Hi,

I have Analyze Exit showing permanently on my charts (see pic). Is this a bug? And also, I can try to figure out the meening of the writings. Like Bear cross is certainly related to the Trix indy, but what about everything else? I am sure it's not complicated, but I want to make sure I get the exact rules of those written signals.

Thanks.
Chamane
~*~You are only one trade away from humility~*~
  • #7,307
  • Mar 3, 2009 1:09pm Mar 3, 2009 1:09pm
Quoting Scrutch
Could you activate your PM please...or...PM me with a contact link.
I've a question for you. Thanks
Hi Scrutch,

Here is the code fix you asked for. Now you can set the rows to whatever position you like, but the default is as you requested: M5 fast M15 fast, M5 slow M15 Slow.

P1 is the next higher tf and P2 is 2 timeframes up (i.e for 1 min chart it is 5 and 15, for 5 min chart it is 15 and 30.
0 is the top row of the histogram and 3 is the bottom.
So to set it to 5 min fast, 15 min fast, 5 min slow 15 min slow you need to set it to

fast P1 = 0
fast P2 =1
slow P1=2
slow P2 =3

That is the default but you can rearrange it if you want.

Also I removed the labels as you asked
Attached File(s)
File Type: mq4 thv 2 4 TF Trixhisto BarV1.mq4   10 KB | 1,204 downloads
  • #7,308
  • Mar 3, 2009 1:12pm Mar 3, 2009 1:12pm
Quoting typhoonking
Hi,I am a novice too
My main trading timeframe is M5
I am using M1 to optimize my entry
My SL,TP and exit is base on M5
Is this "scalp-trade on a 1M chart" you mentioned above?
Thanks and sorry for my poor english
M1 scalp trade is for trader who ONLY use the M1 to trade. What you are doing is considered "normal" scalping here.
  • #7,309
  • Mar 3, 2009 1:21pm Mar 3, 2009 1:21pm
Quoting chamane
Hi,

I have Analyze Exit showing permanently on my charts (see pic).
If you right click on your chart, then select Object List, select the line with Analyze Sell/Buy, Trend Up/Down, Bear/Bull Cross you can safely delete these labels. When the chart is refreshed the currently active labels will return, but not the ones referring to past events.

Hope this helps.
  • #7,310
  • Mar 3, 2009 1:59pm Mar 3, 2009 1:59pm
Quoting jharteam
I think you have entered a demo trade entry and stop on your chart. Fast and dirty way is to just get rid of the chart and open up a new one and slab on the THV v3 template onto your new chart.
Quoting macman
If you right click on your chart, then select Object List, select the line with Analyze Sell/Buy, Trend Up/Down, Bear/Bull Cross you can safely delete these labels. When the chart is refreshed the currently active labels will return, but not the ones referring to past events.
Thank you both! I got rid of the labels am awaiting for them to refresh when events occur. Are there any docs describing how to interpret those lables?
Attached Image (click to enlarge)
Click to Enlarge Name: Example.gif Size: 117 KB
  • #7,311
  • Edited 2:17pm Mar 3, 2009 2:02pm | Edited 2:17pm
Scalped long Gbp/Usd at 1.4040 based on the depicted Harmonics pattern AB = CD. Graphically, they don't look like they are in equal distant; but price actions have stopped at 100% Fib Expansion. From an Elliott Wave perspective, it's a simple a-b-c corrective; but it is also a harmonic pattern as well.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP THV 03032009 (v).jpg Size: 162 KB
~*~You are only one trade away from humility~*~
  • #7,312
  • Mar 3, 2009 2:05pm Mar 3, 2009 2:05pm
Quoting chamane
Are there any docs describing how to interpret those lables?
Check out the user manual from post #1. It describes the messages.
  • #7,313
  • Mar 3, 2009 2:08pm Mar 3, 2009 2:08pm
Quoting jharteam
From an Elliott Wave perspective, it's a simple a-b-c corrective; but it is also a harmonic pattern as well.
Fascinating stuff

I gotta start checking some of this out
  • #7,314
  • Mar 3, 2009 2:11pm Mar 3, 2009 2:11pm
Quoting macman
Check out the user manual from post #1. It describes the messages.
Found it... Thanks a lot.
  • #7,315
  • Mar 3, 2009 2:18pm Mar 3, 2009 2:18pm
Quoting MissPips
Hi Scrutch,
Here is the code fix you asked for. Now you can set the rows to whatever position you like, but the default is as you requested: M5 fast M15 fast, M5 slow M15 Slow.
Thank you very much...greatly appreciated.
Check your PM please.
Listen to the whispers.... You may learn something
  • #7,316
  • Mar 3, 2009 3:49pm Mar 3, 2009 3:49pm
Using the 5M chart as your primary time frame to trade is how this method has been developed; and using the 1M to optimize is fine. My caution to you was based on using ONLY the 1M to scalp; very risky for a novice. Stick with the 5M and you will be just fine.......

Quoting typhoonking
Hi,I am a novice too
My main trading timeframe is M5
I am using M1 to optimize my entry
My SL,TP and exit is base on M5
Is this "scalp-trade on a 1M chart" you mentioned above?
Thanks and sorry for my poor english
  • #7,317
  • Mar 3, 2009 5:44pm Mar 3, 2009 5:44pm
I was killing my time adding Trix MTF...
Attached Image (click to enlarge)
Click to Enlarge Name: screen.gif Size: 32 KB
  • #7,318
  • Mar 3, 2009 6:58pm Mar 3, 2009 6:58pm
morning all
nice pips on ej again to day
if support here around 12250 holds
then it could run up to12450
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 89 KB
  • #7,319
  • Mar 3, 2009 7:06pm Mar 3, 2009 7:06pm
Quoting nuancom
morning all
nice pips on ej again to day
if support here around 12250 holds
then it could run up to12450
Morning nuan
Feels like I just came from there
Nope, was 2350 down below 2250 {89}
Ka-Ching...Long right now and haven't decided if I'm scalping or trend trading...?
I'm really starting to like the EJ
Listen to the whispers.... You may learn something
  • #7,320
  • Mar 3, 2009 7:12pm Mar 3, 2009 7:12pm
Quoting Scrutch
Morning nuan
Feels like I just came from there
Nope, was 2350 down below 2250 {89}
Ka-Ching...Long right now and haven't decided if I'm scalping or trend trading...?
I'm really starting to like the EJ
thats good scrutch,
ok time for breakfast
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