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THV system, final edition

  • #8,841
  • Mar 30, 2009 1:58pm Mar 30, 2009 1:58pm
Quoting ragu
Quick question guys on THV. If I am looking for a cross of the fast trix either over or under ( long or short) of the slow trix and then price to come either under or above the cloud - how many 5M candles will it take for the play to be invalid. For example if you look this morning at the Euro/USD at 17:30 on the 5M chart. The Fast Trix crossed below the slow trix, however the candle was not under the cloud and did not fall under the cloud until the 17:40 5M candle. Would that play still be valid even though I had to wait 10 min? Thx.
Ragu:

That's an interesting question and I am eager to hear the response. I was chatting with someone, I think it was Misspips, that said she will not take a divergence trade if the PA does not break the cloud within 3 candles. This was with regards to the 1 min chart...

I wonder if extending the bars of the trix in the chart and looking back would shed some light or if running though a simulator would help...

alternatively, we can just see if someone has already figured that out....

Let's see.
Deprive a man of everything and you give him nothing to lose.
  • #8,842
  • Mar 30, 2009 2:07pm Mar 30, 2009 2:07pm
Many traders have adopted a "rule of thumb" regarding HA candles:

Five to eight candles is the average number of HA candles before a noticeable change occurs in the PA. More than eight is NOT the norm. It may just be a small period of consolidation OR it might signal a reversal. I suggest being careful at five candles and being VERY careful at eight. Because I am trading the THV method on the M15, I pay attention after three HA candles; more than five in my direction is a bonus! HTH!


Quoting cashmeer
Ragu:

That's an interesting question and I am eager to hear the response. I was chatting with someone, I think it was Misspips, that said she will not take a divergence trade if the PA does not break the cloud within 3 candles. This was with regards to the 1 min chart...

I wonder if extending the bars of the trix in the chart and looking back would shed some light or if running though a simulator would help...

alternatively, we can just see if someone has already figured that out....

Let's see.
  • #8,843
  • Mar 30, 2009 2:08pm Mar 30, 2009 2:08pm
Quoting DrMcDDC
That trade got me to. We took it too early, see how the slow trix is still red and headed to bear territory? We went against the grain with that one. I pay more attention to the slow trix than the fast, use the fast as an early warning but confirm with slow, if not you will catch yourself getting in and out of tradeds too fast. If you look at some past post, cobra only uses the slow on his M1 scalping chart, you can change the colors to take it off, but I use it as an early warning and the slow trix as confirming.

McD

Ok..I want to make sure we are looking at the same play...on my charts the time was 17:30 and since I live in California that would make it 10:30am Pacific Time. It was a short play and both the slow and fast trix were red which is what we want, however the 17:30 candle on the 5M was indicisive and the very next candle was in the cloud and bullish. It was not until the 17:40 that the 5M candle actually fell below the cloud and if you look at the 1M to refine entries all 1M candles from 17:30 until 17:39 were either above, or in the cloud. Thus was this play invalid by having to wait until 10minutes after the Trix crossed on the 5M before the price was actually under the cloud? I just want to make sure I don't get into false trades as it can happen easily if I don't pay attention to the small details. Thx.
  • #8,844
  • Mar 30, 2009 2:18pm Mar 30, 2009 2:18pm
Quoting BeachBum
Many traders have adopted a "rule of thumb" regarding HA candles:

Five to eight candles is the average number of HA candles before a noticeable change occurs in the PA. More than eight is NOT the norm. It may just be a small period of consolidation OR it might signal a reversal. I suggest being careful at five candles and being VERY careful at eight. Because I am trading the THV method on the M15, I pay attention after three HA candles; more than five in my direction is a bonus! HTH!
Ok...so if I am trading off of the 5M charts, however I use the 1M to refine my entries, would I want the 5M price candle to be on the right side of the cloud within 2-5M candles or less than 10 - 1M candles - any more than that would make the trade invalid as all criteria was not met within the specified period?
  • #8,845
  • Mar 30, 2009 2:44pm Mar 30, 2009 2:44pm
Quoting traderathome
I agree with Cobra. This thread should be strictly THV. My posts, too, have not been. Anything more on Bollinger bands, fibonacci extensions, etc. I will post on the Nights Around the Table thread.....my contribution to help keep the non-THV clutter down.
I, for one, look forward to reading them there
  • #8,846
  • Edited 4:36pm Mar 30, 2009 3:14pm | Edited 4:36pm
Two trades I entered earlier... bullish sentiments
Attached Images
  • #8,847
  • Mar 30, 2009 3:42pm Mar 30, 2009 3:42pm
Quoting traderathome
I agree with Cobra. This thread should be strictly THV. My posts, too, have not been. Anything more on Bollinger bands, fibonacci extensions, etc. I will post on the Nights Around the Table thread.....my contribution to help keep the non-THV clutter down.
Your posts was allways very helpful and teach how use another things with THV system.
Thank You one time more
Peter
  • #8,848
  • Mar 30, 2009 3:52pm Mar 30, 2009 3:52pm
Quoting ragu
Ok...so if I am trading off of the 5M charts, however I use the 1M to refine my entries, would I want the 5M price candle to be on the right side of the cloud within 2-5M candles or less than 10 - 1M candles - any more than that would make the trade invalid as all criteria was not met within the specified period?
Good questions. I would like to hear from Cobra team their expert opinion.
  • #8,849
  • Mar 30, 2009 4:01pm Mar 30, 2009 4:01pm
This method is very discretionary; I am NOT saying the trade setup would be invalid. I am saying you need to pay attention to the number of HA candles in a price move as part of the decision making process. The "rule of thumb" I referred to earlier is very common with traders who use HA candles regularly (myself included). I suggest you look back at charts for the timeframe you like to trade (evidently M1...too noisy for me, thank you), and look for HA candle patterns that fit the description I have provided. Once you get a feel for the action that is commonly associated with these candles, you will be in a much better position to make a trade entry (or not) decision.

Quoting ragu
Ok...so if I am trading off of the 5M charts, however I use the 1M to refine my entries, would I want the 5M price candle to be on the right side of the cloud within 2-5M candles or less than 10 - 1M candles - any more than that would make the trade invalid as all criteria was not met within the specified period?
  • #8,850
  • Mar 30, 2009 4:12pm Mar 30, 2009 4:12pm
Quoting bart021
Two trades I entered earlier... bullish sentiments
Bart, just a suggestion to help myself and others better see your trades......include the vertical line (red for short entry and green for long entry) at the candle time of your entry. When you exit, again include the vertical line at the candle time of exit (green to close short trade, red to close long trade). If you do this, then your entries long will be marked with a green horizontal line and a green vertical line, and your entries short will be marked with a red horizontal line and a red vertical line. Your exits from a long trade will be marked with a red horizontal line and a red vertical line, and your exits from a short trade will be marked with a green horizontal line and a green verical line. This method very clearly identifies entries and exits and their types.
  • #8,851
  • Mar 30, 2009 4:13pm Mar 30, 2009 4:13pm
Quoting traderathome
I agree with Cobra. This thread should be strictly THV. My posts, too, have not been. Anything more on Bollinger bands, fibonacci extensions, etc. I will post on the Nights Around the Table thread.....my contribution to help keep the non-THV clutter down.
That was not for you and I'm sure you know that TAH.

Your way to trade is a variation of THV and is wellcome, same with all the insect trading of Jeff.

Only thing I want to avoid is useless indicator talks.

So please keep posting, you see that your contribution is well seen as the folks here confirm.
  • #8,852
  • Mar 30, 2009 4:22pm Mar 30, 2009 4:22pm
Quoting traderathome
Bart, just a suggestion to help myself and others better see your trades......include the vertical line (red for short entry and green for long entry) at the candle time of your entry....
To Traderathome
Sure, I saw that myself later, I'll edit those and have that in mind. Thanks for bringing that to my attention!
  • #8,853
  • Mar 30, 2009 4:40pm Mar 30, 2009 4:40pm
Quoting cobraforex
...... same with all the insect trading of Jeff ......


Only Jeff can turn bulls and bears into insects .... magic !
  • #8,854
  • Mar 30, 2009 4:41pm Mar 30, 2009 4:41pm
Well, talking about indicators, here we have the official release of the new THV MTF indicators coded by MissPips, another great asset to the THV Team.

First af all special thanks to MissPips, TradeWell and all other THV members which where forward testing the indis.

The zip file includes a manual (written by TW) where you find the rules and a screenshot.

You can change the entry rules if you want as the indicators are userfriendly to setup but the shown trading method was the one with the best results during the test period (about 9 out of 10 trades)

I hope you have fun with them and get more green pips than before.

Try them first on demo untill you get familar with them.

Happy trading
Attached File(s)
File Type: zip MTF indicators w manual.zip   89 KB | 2,875 downloads
  • #8,855
  • Mar 30, 2009 4:44pm Mar 30, 2009 4:44pm
Thanks Cobra

we have been waiting for this eagerly. Cannot wait to see what it's all about.
Bless you and the crew.

Oh my, no sleep tonight (again)
  • #8,856
  • Mar 30, 2009 4:50pm Mar 30, 2009 4:50pm
be careful with MTF indicators trading
it is great but you need to know that MTF indicators repaint all the time of your higher timeframe at least if the indicators repaint only last bar. And you will be surprised how fast can a higher timeframe move in a breakout.... just a warning... but as I said.. great...
  • #8,857
  • Mar 30, 2009 4:55pm Mar 30, 2009 4:55pm
Quoting emda
be careful with MTF indicators trading
it is great but you need to know that MTF indicators repaint all the time of your higher timeframe at least if the indicators repaint only last bar. And you will be surprised how fast can a higher timeframe move in a breakout.... just a warning... but as I said.. great...
Is it careful enough if 7 good traders tested them during a month with good results?
  • #8,858
  • Mar 30, 2009 4:57pm Mar 30, 2009 4:57pm
THANK YOU MISS PIPS, COBRA, TRADEWELL AND ALL OTHER THV DEVELOPERS.

Regards
Pardy

Quoting cobraforex
Well, talking about indicators, here we have the official release of the new THV MTF indicators coded by MissPips, another great asset to the THV Team.

First af all special thanks to MissPips, TradeWell and all other THV members which where forward testing the indis.

The zip file includes a manual (written by TW) where you find the rules and a screenshot.

You can change the entry rules if you want as the indicators are userfriendly to setup but the shown trading method was the one with the best results during the test period (about...
  • #8,859
  • Mar 30, 2009 5:19pm Mar 30, 2009 5:19pm
Quoting cobraforex
Is it careful enough if 7 good traders tested them during a month with good results?
  • #8,860
  • Mar 30, 2009 5:26pm Mar 30, 2009 5:26pm
Can you (Tradewell or Cobra) please post template for new indicator set. Somehow I'm all mixed up with versions and cannot manage to make it as it is in PDF manual.

Thanks
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