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THV system, final edition

  • #7,721
  • Mar 8, 2009 1:20pm Mar 8, 2009 1:20pm
Quoting doblece

I stopped making endless long term analysis which were almost always right (though I still have a look from time to time) but when confronted to the here and now I usually went against my own predictions...

The market is always moving and always giving. So now I take what it gives me, and move on...

I don't know if all this answers your question, but you can take the extreme opposite view and will maybe have a hint.
Yes, it does. I may be over analyzing, but I have not found the daily chart as significant for actual intraday trading as it once was.

I guess I'm looking for the most relevant tf for my intraday analysis chart. As far as trading tfs less than 15 min. I'll leave that to competent, experienced traders.

Thank you for taking the time to reply.

Have nice week.

Regards
  • #7,722
  • Mar 8, 2009 3:34pm Mar 8, 2009 3:34pm
Anyone interested in setting up a Cobra THV live trading room?
I have talked to Cobra about the possibility of this and he ask me to mention it in the thread to see what interest there might be.

I think it would be a great way of learning to trade this method with the help and guidence of experienced Cobra THV traders during the trading day.

As I am still learning this method myself perhaps a few more experienced THV traders that have klowledge in setting up a trading room might be interested.
  • #7,723
  • Mar 8, 2009 3:43pm Mar 8, 2009 3:43pm
Pass experience with another thread tells me that the chat room will kill the THV thread instantly. Besides, many novice "traders" will be asking for real-time signals instead of having the right attitude to learn and understand. Traders who really trade the markets for the monies will have no time to 'chat' there anyway. All the same, just my two cents worth.



Quoting Noel
Anyone interested in setting up a Cobra THV live trading room?
I have talked to Cobra about the possibility of this and he ask me to mention it in the thread to see what interest there might be.

I think it would be a great way of learning to trade this method with the help and guidence of experienced Cobra THV traders during the trading day.

As I am still learning this method myself perhaps a few more experienced THV traders that have klowledge in setting up a trading room might be interested.
~*~You are only one trade away from humility~*~
  • #7,724
  • Mar 8, 2009 3:51pm Mar 8, 2009 3:51pm
Quoting jharteam
Pass experience with another thread tells me that the chat room will kill the THV thread instantly. Besides, many novice "traders" will be asking for real-time signals instead of having the right attitude to learn and understand. Traders who really trade the markets for the monies will have no time to 'chat' there anyway. All the same, just my two cents worth.
Right, I mentioned in my PM with Noel that I can't participate in a trading room.

If new traders want to set up something like that I have nothing against it, but as you mentioned, hard core traders don't have the time to chat during the sessions.

Anyhow this should be handled outside of the thread and if someone is interested in that project might want to contact Noel.

I wish everyone a great trading week
  • #7,725
  • Mar 8, 2009 4:22pm Mar 8, 2009 4:22pm
Noel.

I would walk in and out during times, so if you get started with a trading room, let me know.

REMEMBER:
it is NOT wise to chat and to trade at the same time, as you will get hurt if you do.
  • #7,726
  • Mar 8, 2009 4:27pm Mar 8, 2009 4:27pm
Quoting cobraforex
Right, I mentioned in my PM with Noel that I can't participate in a trading room.

If new traders want to set up something like that I have nothing against it, but as you mentioned, hard core traders don't have the time to chat during the sessions.

Anyhow this should be handled outside of the thread and if someone is interested in that project might want to contact Noel.

I wish everyone a great trading week
It could be an interesting trading week!...will Traderathome's double bottom (which also looks like an inverted shampoo to me with one bad shoulder) bring us up to the 1.2840's? :

http://www.forexfactory.com/showpost...postcount=7618

...and if we hit the 1.2840 area are we then guaranteed to make it to 1.3300 as suggested here? :

http://www.forex-tsd.com/analytics/9...tml#post266844

...or will it be "curtains for the Euro" as suggested here:

http://www.winnersedgetrading.com/ar...s-for-the-euro

I suppose either way if we stay disciplined and trade legit THV System set- ups we'll do well...but its fun to look at the possibilities!
  • #7,727
  • Mar 8, 2009 4:42pm Mar 8, 2009 4:42pm
As mentioned recently, Divergence can be a very useful tool as an indicator to get in a trade, not get in a trade, to exit a trade or stay in a trade...

I know that this is an example out of the simulator room, but it drives the point home...

I also think that I have taken the TRIX for granted, it is a fine indicator to use becuase it so accurately reflects the PA.

In the chart included notice how as PA was tightening down, so was TRIX. The same triangle forming in the PA was also forming in TRIX...when TRIX broke the triangle, PA moved in a big way....

Then, divergence in TRIX gave a clear indication to stay the trade for a further ride up....

Anyhow....I thought it was interesting...
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Deprive a man of everything and you give him nothing to lose.
  • #7,728
  • Edited 5:33pm Mar 8, 2009 5:18pm | Edited 5:33pm
Here is another example of how useful it is to draw the trendlines in Trix.

Chart 1:

shows where a divergence lead to a false entry....this follows on Scrutch's comments about 1 divergence being less effective than 2 and 3 etc....but the question is why did this divergence not get fulfilled. What prevented it? One would not have seen the new forming trendline in PA until after the false entry...

Chart 2:

Same chart, same trade opportunities. Shows how the use of the Trix trendline, which draws out perfectly, might have prevented that false entry.

Generally, and I think I would need some confirmation from Cobra or the like, when there is a divergence and a fulfilment of the divergence occurs, there is going to be a TL break, either in PA or TRIX or both....

The second divergence is when the TL was broken in both PA and TRIX and that lead to a positive entry.......

Chart 3:

Another example where divergence in PA was confirmed by the break of the TRIX trendline...


I am reasonably confident that even though these are 1 min charts, the same would apply to the higher TFs...

Any thoughts??? Am I just stating the obvious?!
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Deprive a man of everything and you give him nothing to lose.
  • #7,729
  • Mar 8, 2009 5:54pm Mar 8, 2009 5:54pm
Quoting cashmeer
Another example where divergence in PA was confirmed by the break of the TRIX trendline...
Yes but... all three are counter-trend entries, so in fact a divergence would rather be an opportunity to enter at a better price later on trendwise....
  • #7,730
  • Mar 8, 2009 5:57pm Mar 8, 2009 5:57pm
Hi Cashmeer:

This method is a valid method, first shown by J. Murphy back in 1985 on the RSI indicator; trend lines are drawn on both the prices and the indicator. And it has been working fine for the past 23+ years. In the case of the RSI, the indicator ALWAYS shows a break out of the trend line first than the prices. I believe the TRIX will do the same. For chart 2 and chart 3; once I spotted those divergences and trend lines are in place, I would go further to draw even TIGHTER trend lines from the second pivotal bottom to the third pivotal top; as I always want to short/buy aggressively on divergence play because of the fact that, by doing that, it will give me lots of room to get out with a small profit or at worst, at break even. And yes, "rule of three" was being mentioned some 23 years ago as well and still applicable today. Harmonic pattern also has a pattern to go for the "three drives up / down"; which ALSO makes sense in Elliott Wave as that forms an ascending or declining wedge ~ "Wedgey 5th".

P/S Trend line breaks on divergence play is one way. Trend lines can ALSO be drawn on your chart 2 with hidden positive divergence for a trend continuation play.

Have a good one
Jeff

Quoting cashmeer
Here is another example of how useful it is to draw the trend lines in Trix.

Chart 1:

shows where a divergence lead to a false entry....this follows on Scrutch's comments about 1 divergence being less effective than 2 and 3 etc....but the question is why did this divergence not get fulfilled. What prevented it? One would not have seen the new forming trendline in PA until after the false entry...

Chart 2:

Same chart, same trade opportunities. Shows how the use of the Trix trendline, which draws out perfectly, might have prevented that false...
~*~You are only one trade away from humility~*~
  • #7,731
  • Mar 8, 2009 6:00pm Mar 8, 2009 6:00pm
Quoting jharteam
Hi Cashmeer:

This method is a valid method, first shown by J. Murphy back in 1985 on the RSI indicator; trend lines are drawn on both the prices and the indicator. And it has been working fine for the past 23+ years.

Well...there ya go...it's me simply stating the obvious
Deprive a man of everything and you give him nothing to lose.
  • #7,732
  • Mar 8, 2009 6:02pm Mar 8, 2009 6:02pm
Quoting doblece
Yes but... all three are counter-trend entries, so in fact a divergence would rather be an opportunity to enter at a better price later on trendwise....
And here is another point of view (no pun intended) from a spectacularily more experienced trader than myself...
Deprive a man of everything and you give him nothing to lose.
  • #7,733
  • Mar 8, 2009 6:07pm Mar 8, 2009 6:07pm
No, you are wrong, Cashmeer. You may think you were stating the obvious; but to a lot of people, these are not the obvious at all


Quoting cashmeer
Well...there ya go...it's me simply stating the obvious
~*~You are only one trade away from humility~*~
  • #7,734
  • Mar 8, 2009 6:09pm Mar 8, 2009 6:09pm
Quoting Freddyfx
REMEMBER:
it is NOT wise to chat and to trade at the same time, as you will get hurt if you do.
Even a bathroom break can end up as an expensive deal ...
  • #7,735
  • Mar 8, 2009 6:12pm Mar 8, 2009 6:12pm
Quoting jharteam
No, you are wrong, Cashmeer. You may think you were stating the obvious; but to a lot of people, these are not the obvious at all
I hope it's helpful to others...it helps me a lot...
Deprive a man of everything and you give him nothing to lose.
  • #7,736
  • Mar 8, 2009 6:15pm Mar 8, 2009 6:15pm
You are actually doing a big favor to many others by stating this 'obvious'. I'm sure it's helpful for the detail-minded souls....

Quoting cashmeer
I hope it's helpful to others...it helps me a lot...
~*~You are only one trade away from humility~*~
  • #7,737
  • Mar 8, 2009 6:16pm Mar 8, 2009 6:16pm
Quote:
Originally Posted by Freddyfx http://www.forexfactory.com/images/buttons/viewpost.gif
REMEMBER:
it is NOT wise to chat and to trade at the same time, as you will get hurt if you do.

Even a bathroom break can end up as an expensive deal ...

Quoting cashmeer
Especially if you fall and hurt yourself...end up having to go to the hospital and don't have insurance...
and you forgot to set S/L ....
  • #7,738
  • Mar 8, 2009 6:20pm Mar 8, 2009 6:20pm
Quoting macman
Quote:
Originally Posted by Freddyfx http://www.forexfactory.com/images/buttons/viewpost.gif
REMEMBER:
it is NOT wise to chat and to trade at the same time, as you will get hurt if you do.

Even a bathroom break can end up as an expensive deal ...



and you forgot to set S/L ....

Macman, I just deleted that post becuase I only noticed your frowning face in your post after I wrote my comment, it only then occured to me that perhaps you really did lose money while you were handling your business!!.....that's why I don't joke too much in here....but, I'm glad you found it funny....
Deprive a man of everything and you give him nothing to lose.
  • #7,739
  • Mar 8, 2009 6:23pm Mar 8, 2009 6:23pm
Quoting cashmeer
Macman, I just deleted that post becuase I only noticed your frowning face in your post after I wrote my comment.....that's why I don't joke too much in here....but, I'm glad you found it funny....
It is never good to take life too seriously ... have a good week on the markets - and be careful out there !
  • #7,740
  • Mar 8, 2009 6:26pm Mar 8, 2009 6:26pm
I agree. It is not advisable to post entries here when trading let alone participate in real time chats.

Quoting jharteam
Pass experience with another thread tells me that the chat room will kill the THV thread instantly. Besides, many novice "traders" will be asking for real-time signals instead of having the right attitude to learn and understand. Traders who really trade the markets for the monies will have no time to 'chat' there anyway. All the same, just my two cents worth.
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