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THV system, final edition

  • #8,921
  • Mar 31, 2009 8:06am Mar 31, 2009 8:06am
Quoting MissPips
One thing you can use these indies for is to see how strong the trend is, and where you are in it. When you see that all 10 bars have just gone green, you are probably at the beginning of a reasonably strong trend, and you can probably get away with going long even if you see a negative divergence (though I personally don't do it unless I see a good reason, like a strong break of a pivot or the like). When you look at the top 1m row, you can count the number of alternating red and green waves since all bars have gone green. If you see three or four...
Thanks to MissPips and cobra for the feedback.
  • #8,922
  • Mar 31, 2009 8:54am Mar 31, 2009 8:54am
Thanks Cobra , Ms pips,and THV Team for a great effort.
  • #8,923
  • Mar 31, 2009 8:55am Mar 31, 2009 8:55am
Hi Ed:

You really had nailed the Eur/Usd and this fork is tagged correctly. Nothing much needs to be added here except some sliding parallels and what Cobra coined, my "insects"....Take care.

Have a good one
Jeff


Quoting SpecialEd
Here is a method popularized on this thread by Jharteam. Good for about 25 pips if you used the parallels, median line expections and the MTF Histo lights. I did not get them all but enough.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR THV 03312009 (i).jpg Size: 225 KB
~*~You are only one trade away from humility~*~
  • #8,924
  • Mar 31, 2009 9:03am Mar 31, 2009 9:03am
Clean chart, Jeff. I'll have to go back to the reading to get better at AB=CD and the insects.
Quoting jharteam
Hi Ed:

You really had nailed the Eur/Usd and this fork is tagged correctly. Nothing much needs to be added here except some sliding parallels and what Cobra coined, my "insects"....Take care.

Have a good one
Jeff
Up or down, gimme a ticket
  • #8,925
  • Mar 31, 2009 9:06am Mar 31, 2009 9:06am
Quoting cobraforex
Sure, but without support as it's not part of THV
Hi Cobra,
I know that this indicator is not part of the THV, but I found it interesting and I look and how it works in graphics.

Thank you for providing it here in the topic.
Have a great day
I am Brazilian and I never give up!
  • #8,926
  • Mar 31, 2009 9:35am Mar 31, 2009 9:35am
Long EURUSD.
Attached Image (click to enlarge)
Click to Enlarge Name: bizard.gif Size: 31 KB
  • #8,927
  • Mar 31, 2009 9:43am Mar 31, 2009 9:43am
Quoting bizard
Long EURUSD.
I didn't understand your reason for entering (so high anyway)?
  • #8,928
  • Mar 31, 2009 9:53am Mar 31, 2009 9:53am
Quoting bart021
I didn't understand your reason for entering (so high anyway)?
I was trying something but that s a big misteak...
  • #8,929
  • Edited 10:07am Mar 31, 2009 9:54am | Edited 10:07am
[quote=jharteam;2638143]
Longed Gbp/Usd at 1.4139 as the pair hit Daily up sloping median line. Take care/quote]




Quote:
Originally Posted by jharteam http://www.forexfactory.com/images/buttons/viewpost.gif
Still holding well on those Daily support. Let's see how things go...





Updates on yesterday's Gbp/Usd long positions. The up move started yesterday has finally ran out of energy and is coiling at the moment. Short scalps setups are visible now....Take care.

(Edit) It should be pointed out, running out of energy can either be a sign of reversal or replenish of energy for further up move of the current intraday bull run.

Have a good one
Jeff
Attached Image (click to enlarge)
Click to Enlarge Name: GBP THV 03312009 (iii).jpg Size: 248 KB
~*~You are only one trade away from humility~*~
  • #8,930
  • Mar 31, 2009 9:55am Mar 31, 2009 9:55am
Quoting bizard
I was trying something but that s a big misteak...
Yes I see - you entered at wrong side high and look where it went...
I hope that you did have a SL.

Hope you recover soon
  • #8,931
  • Mar 31, 2009 9:58am Mar 31, 2009 9:58am
that's ok i m in demo i think i m not a 1M trader i was trying something...
  • #8,932
  • Mar 31, 2009 10:03am Mar 31, 2009 10:03am
What are the rules for MTF Trix Histo and Cloud?

Thanks, in advance
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #8,933
  • Mar 31, 2009 10:05am Mar 31, 2009 10:05am
Quoting ikki
What are the rules for MTF Trix Histo and Cloud?

Thanks, in advance
Everything is in the Doc with the indics.
  • #8,934
  • Mar 31, 2009 10:09am Mar 31, 2009 10:09am
Ohh!!!

Thanks,,,,
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #8,935
  • Mar 31, 2009 10:12am Mar 31, 2009 10:12am
Quoting ikki
What are the rules for MTF Trix Histo and Cloud?

Thanks, in advance
Read the document inside the download, but basically, think Long on 6 green lights and Short on 6 red lights. Of the 6 lights, two should come from the top row (M1 fast and M5 fast). There are some other stipulations for divergence so read the document carefully. It's very brief and clear.
Up or down, gimme a ticket
  • #8,936
  • Mar 31, 2009 10:14am Mar 31, 2009 10:14am
Quoting SpecialEd
Read the document inside the download, but basically, think Long on 6 green lights and Short on 6 red lights. Of the 6 lights, two should come from the top row (M1 fast and M5 fast). There are some other stipulations for divergence so read the document carefully. It's very brief and clear.
I would also recommend NOT trading the divergences until you become VERY comfortable doing so.
  • #8,937
  • Mar 31, 2009 10:17am Mar 31, 2009 10:17am
There are two ways to actually "see" what the Pip Princess is referring to:

1. Spend some time watching all this happen in "real time"

2. Use a trade simulator in MT4 set to the visual mode with the appropriate THV template; it's basically a blank EA set to run any template and/or method. This can be done in any time frame and at any speed; the process actually shows you what happened, "when" it happened. I don't have the link (sorry), but this strategy tester/simulator is here at FF somewhere. Search for it and you'll find it.............and then perhaps post the link for others...........

Quoting MissPips
Hi Emda,

Indeed you cannot use the MTF indicators for manual backtesting by looking at the chart, because the information they provide looks different when recalced on load than it does when accumulated in real time,...
  • #8,938
  • Mar 31, 2009 10:24am Mar 31, 2009 10:24am
Hello all,

I am preparing to stop for the day. I wanted to post something that will hopefully help a lot of you earn more PIPs.

Like a lot of you, I keep a rudimentary record of all my daily trades. For each trade I always record:

 

  1. Trade Price - obviously, the price at which I executed my long or short;
  2. Drawdown - how far negative did my trade go before I was either stopped out or it turned around and headed positive?
  3. "Optimal" Price - how far did price go in the positive direction after I terminated my successful trade.

THV and the rules for setting SL around the ATR number generally keep me close on the drawdown. Therefore, the most important of the above items to me is Optimal price. At the end of every day, I want to know how many pips I could have gained if I'd had the patience to let my trades run farther.

Today is a prime example of why it is good to track these numbers. I made 13 trades. 12 were successful, and 1 I got out of at break-even (0). I earned 69 PIPs. How many did I "leave on the table"? Believe it or not, 93 PIPs!!!

Now I am not advocating greed, but I am saying that I could have optimized my trading better if I'd trusted my chosen exit points (pivots, psychs, median lines, trendlines). I bail out early far too often. I hear the same thing from a lot of other traders, so I thought I'd post this as food for thought. If you are not tracking these kind of numbers, I would recommend it. If, like me, you are missing pips, review your methods, your signals, and your TPs.

Just a quick two cents worth. Hope it helps.

Up or down, gimme a ticket
  • #8,939
  • Mar 31, 2009 10:27am Mar 31, 2009 10:27am
[quote=jharteam;2640943]
Quoting jharteam
The up move started yesterday has finally ran out of energy and is coiling at the moment.
(Edit) It should be pointed out, running out of energy can either be a sign of reversal or replenish of energy for further up move of the current intraday bull run.

Have a good one
Jeff
I've not been watching cable but I just pulled up a M5 chart to look at the coil you show. 75p coil, that's large and IMHO should be resolved to the upside, which is taking place as I post this. The measured move to the upside from this coil is large so if it pushes up it's going to be a ride. Time will tell and it looks like you are positioned very nicely, buckle up pard.
Listen to the whispers.... You may learn something
  • #8,940
  • Mar 31, 2009 10:37am Mar 31, 2009 10:37am
Wow, its crazy what you miss when you go to sleep:

200 pip move north
New THV indicators
Good discussions

Thanks for all of your hard work, your an awsome team.

McD
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