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THV system, final edition

  • #8,401
  • Mar 20, 2009 7:37am Mar 20, 2009 7:37am
Quoting bythepound
Thanks SpecialEd.

Ok one more question. Is the key that the slow Trix even though it is green is below the Zero Line on the 5M. Both Red/Red Trix on the 15 M and 1 Hour. So the key is Change of Color on 5M Fast Trix to Red and the Slow Trix is Below...
Yes, like you say, it's a bit of an early entry. I think this is one of those where you may have discovered something (slow trix being below zero), or you may have to continue reviewing and testing. I have taken that trade many times and done ok but with tight SL.
Up or down, gimme a ticket
  • #8,402
  • Mar 20, 2009 7:38am Mar 20, 2009 7:38am
Quoting SpecialEd
You've got it right bythepound. M5 slope changes (color change on fast trix) are often great trades, when confirmed and entered on the M1 cross. The next version, THV MTF Trix Histo will help you see that even more clearly. This one was good for an easy 60 PIPs, and a more patient, risky 100.

Good eye.
Hi,

I never look on the 1M TF dont you think in that TF there is too much false signal ?
i look 5m 15m and 1H only.

regards,
  • #8,403
  • Mar 20, 2009 7:44am Mar 20, 2009 7:44am
Quoting bizard
Hi,

I never look on the 1M TF dont you think in that TF there is too much false signal ?
i look 5m 15m and 1H only.

regards,
I do agree with you that there is too much noise on M1 TF, but a lot of people who trade the M5 and M15 use the M1 for confirmation and point of entry. I was using M5 and M1 exclusively and got tired of that noise, so I backed off to M15 and M5. I think the next version, THV MTF Trix Histo, will re-open M1 possibilities for more than just scalping. Mainly because you may be staring at a 1-minute chart but you'll have knowledge of the others, all the way up to H1 or so.

That said, I'm going away to try something on that test platform. Good trading to all.
Up or down, gimme a ticket
  • #8,404
  • Mar 20, 2009 7:49am Mar 20, 2009 7:49am
Quoting SpecialEd
I do agree with you that there is too much noise on M1 TF, but a lot of people who trade the M5 and M15 use the M1 for confirmation and point of entry. I was using M5 and M1 exclusively and got tired of that noise, so I backed off to M15 and M5. I think the next version, THV MTF Trix Histo, will re-open M1 possibilities for more than just scalping. Mainly because you may be staring at a 1-minute chart but you'll have knowledge of the others, all the way up to H1 or so.

That said, I'm going away to try something on that test platform....
tks for the answer. I m using the beta trix histo MTF and the cloud histo MTF too that's right its pretty good. I m waiting for the final release... great job guyz and thanks for sharing.
  • #8,405
  • Mar 20, 2009 8:06am Mar 20, 2009 8:06am
EU: Taking on the "M" shape of a Double Top....if it completes, it would be down in the area sufficient to go on and form the right shoulder of a H & S....so, even greater downside!
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  • #8,406
  • Mar 20, 2009 8:17am Mar 20, 2009 8:17am
i m short ...
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  • #8,407
  • Mar 20, 2009 8:50am Mar 20, 2009 8:50am
SL touched what a bad trade ...
  • #8,408
  • Edited 9:17am Mar 20, 2009 9:01am | Edited 9:17am
Quoting bizard
Hi,

I never look on the 1M TF dont you think in that TF there is too much false signal ?
i look 5m 15m and 1H only.

regards,
It is all relative.

There are really no 'false signals' - a signal is just showing that something has changed. It is up to the trader to decide what to do about it.

There are traders here who use the 5M for longer term, 1M for current term and trade 5 second charts. It is possible ... so you need to find which set of time frames fits you best.

Or maybe which set of time frames fits the current market conditions.

Just needs lots of time, practice and patience ...
  • #8,409
  • Mar 20, 2009 9:05am Mar 20, 2009 9:05am
I wanted to share a trade that just happened between me seeing patients here at the office. I combine the pivot point system with THV, what an amazing pair. I wanted to make this like the anatomy of a trade to share with others what has been working so well lately. I use two screens to trade.

1. Take a look at the analysis chart, how are we trending today?
UP, ok taking longs today, buying oversold and selling high.
2. Any news about to happen?
No, good, all clear
3. How's the CCI look?
Oversold, hooking up to bull territory.
4. Trend channel?
Up, oversold out of the channel, the trend is your friend, time for your friend to make you some money. (Analysis chart)
5. How's the Trix look?
Turning green in oversold territory, showing divergence.
6. Pivots?
Looking to bounce off of MS1 and ride it to the FPV, in this case a good round psych number, 3600.
7. Volume and PA?
moving steady, ranging tight, looking good
8. Ichimoku Clouds?
Crossing short-term cloud, but still under M15 cloud, riskier entry, but all else looking good.
9. Where are you setting your stop?
3535, below the last candle low, riskier trade entry (clouds), tighter stop, but give it a little wiggle room or they will spike it and clear your stops.

Thats how I trade now, playing the pivots, and THV.]

McD

PS. good call Jeff on mwsnap, thats exactly what I was going to share as well, easy, cool little program, great for screenshots. Used it for years.
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  • #8,410
  • Mar 20, 2009 9:11am Mar 20, 2009 9:11am
Quoting jharteam
Thanks Macman, I'll monitor next few times and get a feel of things before the news release. Nice charts there. Take care.

Have a good one
Jeff
Jeff,
Just a follow up on trading pre-news time.

Today was a good example of a pump and dump news release, offering quite a few pips. This was a low & medium impact release and IMHO worth trading through the news. I never trade a high impact release.

After banking pips from the pump I took the candle 6 mins before news and followed the smart money ....

Have a good day
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  • #8,411
  • Mar 20, 2009 9:13am Mar 20, 2009 9:13am
Quoting DrMcDDC
I wanted to share a trade that just happened between me seeing patients here at the office. I combine the pivot point system with THV, what an amazing pair. I wanted to make this like the anatomy of a trade to share with others what has been working so well lately. I use two screens to trade.

1. Take a look at the analysis chart, how are we trending today?
UP, ok taking longs today, buying oversold and selling high.
2. Any news about to happen?
No, good, all clear
3. How's the CCI look?
Oversold, hooking up to bull territory.
4. Trend channel?
Up,...
Good post Doc
  • #8,412
  • Mar 20, 2009 9:23am Mar 20, 2009 9:23am
Quoting macman
Jeff,
Just a follow up on trading pre-news time.

Today was a good example of a pump and dump news release, offering quite a few pips. This was a low & medium impact release and IMHO worth trading through the news. I never trade a high impact release.

After banking pips from the pump I took the candle 6 mins before news and followed the smart money ....

Have a good day
http://www.forexfactory.com/attachme...1&d=1237558255

A lil bit of over indicators...for me...it looks so easy as it is already happened..

Sonic
  • #8,413
  • Mar 20, 2009 9:36am Mar 20, 2009 9:36am
Quoting bizard
i m short ...
At what time did you enter the short and at what price if you don't mind me asking. Did it work out? I looked at it but stayed out due to conflice.
Thanks for your imput
D~
Without vision, the people will perish.
  • #8,414
  • Mar 20, 2009 9:41am Mar 20, 2009 9:41am
Quoting bizard
SL touched what a bad trade ...
Hi Bizard,
I presume you shorted, but if you look at the trix histo, your m15f was green!

I'm finding the best trades when the next higher tf on trix fast and slow is in my trade direction!!

Thanks to miss pips, cobra and his team for this wonderful mtf tool!

Pardy
  • #8,415
  • Edited 9:56am Mar 20, 2009 9:44am | Edited 9:56am
Quoting sonicdeejay
http://www.forexfactory.com/attachme...1&d=1237558255

A lil bit of over indicators...for me Sonic

Just a note on the indicators if anyone is interested.
Top three are standard THV being the TRIX, Cloud and TRIX histograms.

Bottom one is usually on my analysis chart but am trying it on one (big) screen at the moment. Originally from post #7820 by DrMcDDC

Cheers
  • #8,416
  • Mar 20, 2009 10:02am Mar 20, 2009 10:02am
Hmmmmmm, thoughts, UP or Down Fellas???
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  • #8,417
  • Mar 20, 2009 10:02am Mar 20, 2009 10:02am
Hi Macman:

Thank you for you sharing of your trade logics during pre-news release. I studied your chart carefully; I got what you were trying to convey. Another good example of price actions interpretations. Good one Mac.

Have a good one
Jeff

Quoting macman
Jeff,
Just a follow up on trading pre-news time.

Today was a good example of a pump and dump news release, offering quite a few pips. This was a low & medium impact release and IMHO worth trading through the news. I never trade a high impact release.

After banking pips from the pump I took the candle 6 mins before news and followed the smart money ....

Have a good day
~*~You are only one trade away from humility~*~
  • #8,418
  • Mar 20, 2009 10:04am Mar 20, 2009 10:04am
Should be a down move, according to my pitchfork , Doc..

Quoting DrMcDDC
Hmmmmmm, thoughts, UP or Down Fellas???
~*~You are only one trade away from humility~*~
  • #8,419
  • Mar 20, 2009 10:04am Mar 20, 2009 10:04am
Quoting DrMcDDC
Hmmmmmm, thoughts, UP or Down Fellas???
Not easy to say but for me it's UP ... ok i have to say i have no idea...
  • #8,420
  • Mar 20, 2009 10:05am Mar 20, 2009 10:05am
Quoting bizard
Not easy to say but for me it's UP ... ok i have to say i have no idea...
LMAO......look out below.......
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