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THV system, final edition

  • #7,421
  • Mar 4, 2009 5:52pm Mar 4, 2009 5:52pm
Quoting jharteam
Yesterday, Gbp/Usd has spent the whole of yesterday in resolving herself into a bullish Gartley Harmonic. The little Gartley is the Gartley 222 shown in the 5-min time frame. Only one trade today, longed the Gbp/Usd at 1.4013 in the Asian morning session until now; but have been scaling out of my longs during London and US sessions. Take care.

But this run up on cable is almost over; looking for potential shorts at around -1.4210+; IF my median line contains the current intraday up move.

Have a good one
Jeff
yes ,good charts
i also expekt 14220 maybe 14270
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  • #7,422
  • Mar 4, 2009 5:53pm Mar 4, 2009 5:53pm
Quoting DrMcDDC
you guys could consolidate a lot of the text information, code it into the info panel that was designed a while back and it wuld give a super clean chart with the new histogram.

The chart would have the infopanel, trix, trix histogram. Your other chart would be the heatmap/analysis chart.

my two cents
Yes doc, that is the task for the next step, the V4.

I don't like too many indicators on my chart and we will compress everything into maybe two or three indicators.

We have a lot of talented helping coders hands here, I'm sure we will get a great result.

That will not be targeted for this month, neither for the next but in the near future.
  • #7,423
  • Mar 4, 2009 5:58pm Mar 4, 2009 5:58pm
Quoting cobraforex
You can't share because it's not your's, you are reported and I hope it was your last post in FF.

Hi everybody

I’m sorry but I needed to take a more than less hard decision.

From now on, to post here in this thread, you need at least 1 voucher.

I had to do that because this thread, like many others, got out of control from new posters without any history.
[font=Arial]Cracking a code is a crime in many countries and this piece of...
great ,lets keep it clean
  • #7,424
  • Mar 4, 2009 6:03pm Mar 4, 2009 6:03pm
I want to take the opportunity to thank Twee and mods for their excellent job they do here in FF.

All posts of the one that caused all this disaster are deleted and I’m sure that he got a first warning as well.

Until now every cleanup report that I’ve sent was accepted in short time.

There are daily thousands of posts made in FF and they almost never get out of control, that's why I'm still here.

Thanks Twee
  • #7,425
  • Mar 4, 2009 6:34pm Mar 4, 2009 6:34pm
I am all for all info in one TF concept. In fact, I am testing with 3 Ichi cloud (not the MTF Ichi) on the 5M before the post on MTF Ichi and having good successes. Did not want jump the gun and share this prematurely until i confirmed some observations.

The settings I am testing is actually very simple. I extended what the Cobra team did with 2/3/5. No idea how you guys came up with this setting but it really is very good. V2 was 3/5/8 and made it better in V3 with 2/3/5. Kudos to the Cobra team. I added 2 more clouds with the following settings - 6/9/15 and 12/18/30. Basically, it is essentially adding the 15M (x2) and 30M (x6) cloud into the 5M TF.

I am LIVE trading this with good successes. I trade the CORAL without the TRIX indicator. With prior testing (back and forward), I realised that the TRIX also confirms the clouds and CORAL. So I simplified it and removed the TRIX. I understand that the TRIX is the heart of the system but the Kumo is too and what I am doing is expanding on the Kumo. This also removes the fun for divergence.

Trade risks are measured based on the 3 clouds.

1. Low risk - PA obeys CORAL and cross all 3 clouds.
2. Medium risk - PA obeys CORAL but cross 1st and 2nd clouds.
3. High risk - Ignore CORAL and use cloud crossing for low and medium risk.

High risk is not advisable for inexperience traders.

To further reduce risk, do not take the first breakout from consolidation or distribution. Take subsequent retests of the 1st cloud.

I want to share this as Cobra has always said - adapt this into your own trading style. I am a visual trader as such making things very visual for myself.

My style of trading is simple with this, in with more lots for small pips. I typically target 10 to 15 pips per trade depending on the sessions. It is easier to take small bites out of the market than expect 100s of pips. I always use a trailing stop (typical distance 10, step 10) to start off a position as I am too lazy to adjust the SL. But I revert to normal SL on higher TF if it is a good run.

I want to share this as my way of giving back to the THV community. They brought me back from the "naked world of forex" and clothe me (For those who remember the picture of the BIG naked man). I have since moved away from trading naked on the H1 as this is more interesting and exciting and suits my personality better.

Cobra,
As usual hope this sharing is ok with you - a simplified version of V3. Else let me know and I will delete this post.

Quoting cobraforex
I was talking with MissPIps if it would be possible to code a bar indicator for the MTF clouds like the one for the trix, let's wait if it can be done, would be great.

Than you have all info in only one TF.
  • #7,426
  • Mar 4, 2009 6:39pm Mar 4, 2009 6:39pm
Hey goldsurfer,

Don't look for large gains. Once you are confident with trading, set a daily $ target for yourself. Once you are comfortable with trading, increase lot size slowly. This will increase your daily $ target in multiples. Be consistent and not aim for huge profits. Take small bites out of the market. It is a lot easier.

Cheers,
CaveMan

Quoting goldsurfer
Thanks Cobra for posting priveleges, by the way, another winning day for me! I'm getting closer to making that large deposit.

regards
goldsurfer
  • #7,427
  • Mar 4, 2009 7:19pm Mar 4, 2009 7:19pm
Thanks for your input, but I don't. I scalp for 15-20 pips, when hit it I close the position 66% and then I let it go a little longer. I don't make a lot of trades but am winning a very high % of them. Discipline and trade management is not a problem, and because of the THV system, trading is a lot easier too

regards

Quoting caveman
Hey goldsurfer,

Don't look for large gains. Once you are confident with trading, set a daily $ target for yourself. Once you are comfortable with trading, increase lot size slowly. This will increase your daily $ target in multiples. Be consistent and not aim for huge profits. Take small bites out of the market. It is a lot easier.

Cheers,
CaveMan
  • #7,428
  • Mar 4, 2009 7:26pm Mar 4, 2009 7:26pm
Quoting caveman
Cobra,
As usual hope this sharing is ok with you - a simplified version of V3. Else let me know and I will delete this post.
Great post, thanks Caveman.

I personally wouldn't like to miss the Trix because of the divergence indication but as I say always: make the system yours, adapting it for your temperament and trading stile.

May you post a screenshot?
  • #7,429
  • Mar 4, 2009 7:41pm Mar 4, 2009 7:41pm
Greetings,
Here are some charts of trades (demo still) I took this week. (15 minute)
I thought I’d share something I have been using successfully to help pinpoint when a potential high probability trade could occur. It’s straight out of the manual, but for some reason I never thought of it just this way until recently.

I was going to wait until I had more examples, compose my thoughts and post on the weekend, but here's what I have so far. Hope it's clear.

The highlighted area on the first chart shows a pattern that happens on a regular basis.
First, the coral passes through the price and the price drops.
Next, a retrace, and price moves back into (through) the cloud to the coral or, better yet, the price moves through the cloud and the coral is some distance away.
Enter when the price resumes its drop through the cloud.
Reverse for longs.
I have found this very helpful as a tool for working with the trend. There is another example for today...more if I didn’t have to sleep during the London session. I live on the west coast of Canada and work for a living.
Hope this helps someone.
The second chart has more examples. Sorry for the long post.

Regards
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  • #7,430
  • Edited 8:16pm Mar 4, 2009 7:50pm | Edited 8:16pm
Quoting cobraforex
May you post a screenshot?
Sure. Trade I am in now U/J. Targeting for 99.4x resistance. Let's see how it pans out. Dotted yellow is my point of entry. Today's morning feels a little funny. Market jittery.

Add: Hitting 99.42 and hesitating now. Expecting it to break.
Add: Guess not. I am out anyway. Cheers.
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  • #7,431
  • Mar 4, 2009 8:24pm Mar 4, 2009 8:24pm
Here's another. Blue lines are levels I marked. Still in.

Add: Oh yah, the 3 gray lines are 34EMA (close, low and high). Helpful for me to visualize and sometimes I do trade bounces off them.
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  • #7,432
  • Mar 4, 2009 8:35pm Mar 4, 2009 8:35pm
Hello all,

For the first time, I finally loaded the Trix/Divergence indicator. I see some red arrows in the Trix window, and I see a matching red trend line in the upper window. I assume that the red arrows are indicating to me that, despite what upward pa I see in the top window, price is probably going down.

Does that sound about right? If there is more to it than that, would someone mind giving me a little primer or directing me to a previous post where you already explained it?

Admittedly, I am behind on this one. I was so happy with original Trix that was not crazy about messing it up, but I kept hearing about the reliability of divergence that I decided I should load. Thanks in advance.

P.S. I am on the way to bed so I may not see this until morning (EST) but I will be looking. Again, thanks.
Up or down, gimme a ticket
  • #7,433
  • Mar 4, 2009 8:55pm Mar 4, 2009 8:55pm
Quoting SpecialEd
I assume that the red arrows are indicating to me that, despite what upward pa I see in the top window, price is probably going down.
That's right. Think of it as a temporary reversal indicator. It does not always indicate a real trend change, especially as you get into lower time frames.

Quoting SpecialEd
I kept hearing about the reliability of divergence that I decided I should load.
It is not 100% reliable, but as you zoom out in TF it becomes more reliable. I found the M15 is more reliable than the M5. On the M5 it is better, but risker, to anticipate it a little bit, which means seeing it forming before it is indicated.

It seems to have a high success rate on the hourly, and good pip yield most of the time. Of course I still use good entry rules by using the lower TF's for entry.
  • #7,434
  • Edited 9:28pm Mar 4, 2009 9:12pm | Edited 9:28pm
Quoting cobraforex
I'm still with a bear idea seeing the 30M chart with divergence and the 1H inclining.
I'm waiting for a good signal on 5M to get in.
A small update: I chickened the trade out for +55 net pips because the 15M trix crossed.

My next take would be a new short at touch of the blue HL, maybe MR1 if the PA don't go further. A cross of the blue HL would lead me to analyze a long.

If nothing of all that happens I would wait for a break of the DP.

Something tells me not to trade the E/Y tonight, so I follow the feeling and stay with the slower E/U.

Oh, I forgot to mention that any of this bull wave can get us to a H&S setup, just an observation.
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  • #7,435
  • Mar 4, 2009 9:22pm Mar 4, 2009 9:22pm
yes ej a bit slow today
so im out for now
grapped some few on gu and ej
maybe waitin for all the news today
so i will go and do some other stuf
see you
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  • #7,436
  • Mar 4, 2009 9:29pm Mar 4, 2009 9:29pm
Quoting cobraforex
A small update: I chickened the trade out for +55 net pips because the 15M trix crossed.
I took some profit at +30 (late entry) and still have stops in, though they are in danger. If SL hit, I will also look for better entry.
  • #7,437
  • Mar 4, 2009 9:33pm Mar 4, 2009 9:33pm
Hi jharteam,

I noticed that usually the post with an image that you do (which is always great), is the GBPUSD pair.

For which reason you prefer to operate in the GBPUSD pair and not in EURUSD ??

Sorry my bad English

Thanks
I am Brazilian and I never give up!
  • #7,438
  • Mar 4, 2009 9:40pm Mar 4, 2009 9:40pm
Quoting TradeWell
That's right. Think of it as a temporary reversal indicator. It does not always indicate a real trend change, especially as you get into lower time frames.

It is not 100% reliable, but as you zoom out in TF it becomes more reliable. I found the M15 is more reliable than the M5. On the M5 it is better, but risker, to anticipate it a little bit, which means seeing it forming before it is indicated.

It seems to have a high success rate on the hourly, and good pip yield most of the time. Of course I still use good entry rules by using the lower...
Thanks Tradewell. I appreciate the explanation and tips. Now I'm gonna read my Cobra lesson for the evening and REALLY go to bed.
Up or down, gimme a ticket
  • #7,439
  • Mar 4, 2009 9:41pm Mar 4, 2009 9:41pm
Quoting TradeWell
I took some profit at +30 (late entry) and still have stops in, though they are in danger. If SL hit, I will also look for better entry.
I'm flat at the moment, the PA is very slow, nuan is right.

I'm gonna set some pending orders with alarm and have a Merlot with Mrs. Cobra.
  • #7,440
  • Mar 4, 2009 9:47pm Mar 4, 2009 9:47pm
Quoting cobraforex
I'm flat at the moment, the PA is very slow, nuan is right.

I'm gonna set some pending orders with alarm and have a Merlot with Mrs. Cobra.
Tokyo is at lunch. I guess we take a break too.
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