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THV system, final edition

  • #8,941
  • Mar 31, 2009 10:40am Mar 31, 2009 10:40am
Here is a chart of two trades I took a bit ago. The first is textbook following the rules. The second was a little out of rules due to the divergence which was forming and being a little conservative, I do like to 'see' a trix cross; there was none on the second trade; but I 'felt' good about it. Each netted 10 pips after spread. Each lasted 3 minutes or less. This is what I like to call: "Easy quality pips" - High probability; low stress easy pippin.'

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Pip what you see; See what you pip!
  • #8,942
  • Mar 31, 2009 10:42am Mar 31, 2009 10:42am
Hi Scrutch:

Thanks for the input. If this 'break out' turns out to be a false one; the bearish AB = CD harmonic should turn out to be a true. Price actions stopped right at 100% measured move (at exactly where the pivotal of the current break out). Now, all we need is to to nullify this harmonic, then the said up move will be materialized. Take care.

Have a good one
Jeff


[quote=Scrutch;2641068]
Quoting jharteam
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.
~*~You are only one trade away from humility~*~
  • #8,943
  • Mar 31, 2009 10:55am Mar 31, 2009 10:55am
This is an excellent post, Ed. Thanks for the sharing. Take care.

Have a good one
Jeff


Quoting SpecialEd
Hello all,

I am preparing to stop for the day....
~*~You are only one trade away from humility~*~
  • #8,944
  • Mar 31, 2009 10:58am Mar 31, 2009 10:58am
Quoting SpecialEd
Hello all,

I am preparing to stop for the day....
Excellent musing indeed!!
Pip what you see; See what you pip!
  • #8,945
  • Mar 31, 2009 11:09am Mar 31, 2009 11:09am
these 3 green V lines are no "bad signals", they show bad moments to follow the signal.

Why? Because the price is just above an important resistance level.

In that cases it's better to stay aside or wait for a retest after break to enter.
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  • #8,946
  • Mar 31, 2009 11:13am Mar 31, 2009 11:13am
Quoting cobraforex
these 3 green V lines are no "bad signals", they show bad moments to follow the signal.

Why? Because the price is just above an important resistance level.

In that cases it's better to stay aside or wait for a retest after break to enter.
I did take that first green "bad signal" you show - look above on my post - for the newer people - that is NOT a recommended execute - I took it and got lucky.
Pip what you see; See what you pip!
  • #8,947
  • Mar 31, 2009 11:17am Mar 31, 2009 11:17am
Quoting SeerEye
I did take that first green "bad signal" you show - look above on my post - for the newer people - that is NOT a recommended execute - I took it and got lucky.
The chance to get pips out of that trades is very low, there are much better oportunities, it's only patience to wait for them.

BTW: That is what I wanted to point out, the signal wasn't "bad" because it showed the correct situation of the Trix in higher TF's but the moment wasn't the best one to take a position.

With other words we need to analze the trade and not follow blindly the green or red lights.
  • #8,948
  • Mar 31, 2009 11:23am Mar 31, 2009 11:23am
Quoting cobraforex
The chance to get pips out of that trades is very low, there are much better oportunities, it's only patience to wait for them.

BTW: That is what I wanted to point out, the signal wasn't "bad" because it showed the correct situation of the Trix in higher TF's but the moment wasn't the best one to take a position.

With other words we need to analze the trade and not follow blindly the green or red lights.
- absolutely correct. There were two things I saw that still made me take it, beyond going blindly with MTF indy's. One was the slope of the fast trix on the 5 min and the 15 min HA candles. Second - I entered 10 pips above R1; with the momentum of that move, I suspected it might drop a few pips below. Knowing I had a 10 pip t/p plus spread; once I was in green 5 pips - set s/l at BE and see what happens. Again; however; you are correct - we ALWAYS want to correlate our entry's with the bigger picture!
Pip what you see; See what you pip!
  • #8,949
  • Mar 31, 2009 11:25am Mar 31, 2009 11:25am
Quoting cobraforex
The chance to get pips out of that trades is very low, there are much better oportunities, it's only patience to wait for them.
Back in my younger days I looked for patience but didn't have time to find it.
Since then I've allowed more time to find this patience thing.
Listen to the whispers.... You may learn something
  • #8,950
  • Mar 31, 2009 11:33am Mar 31, 2009 11:33am
I'm out for today, the basquet is almost full.

One tip to all THV users.

Most of our THV indicators have sound alarms.

You can grab your own ones using the sound recorder of XP found in assesories/entertainment and get a different sound for each pair/TF.
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  • #8,951
  • Mar 31, 2009 12:09pm Mar 31, 2009 12:09pm
Quoting cobraforex
You can grab your own ones using the sound recorder of XP found in assesories/entertainment and get a different sound for each pair/TF.
Nope. I still love those smoky sounds
Manage your risk accordingly and you're half done your home work.
  • #8,952
  • Mar 31, 2009 12:28pm Mar 31, 2009 12:28pm
I took it too, but there were some reasons we got lucky

1. It was only the second wave down after all the 10 lights turned red, and while the first one is better, the second wave usually works too, as long as no divergence is in the way yet.
2. There was a second consecutive negative divergence on the 60 m tf

Quoting SeerEye
I did take that first green "bad signal" you show - look above on my post - for the newer people - that is NOT a recommended execute - I took it and got lucky.
  • #8,953
  • Mar 31, 2009 12:30pm Mar 31, 2009 12:30pm
Pip Princess. I like it. Now why didn't I think of that one.....:-)

Quoting BeachBum
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...
  • #8,954
  • Mar 31, 2009 12:31pm Mar 31, 2009 12:31pm
Thanks Ed. This is a great post!
Quoting SpecialEd
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:
[list][*]Trade Price - obviously, the price at which I executed my long or short;[*]Drawdown - how far negative did my trade go before I was either stopped out or it turned around and headed positive?[*]"Optimal" Price - how far did price go in the positive direction after I terminated my...
  • #8,955
  • Mar 31, 2009 12:32pm Mar 31, 2009 12:32pm
Quoting SpecialEd
Hello all,

I am preparing to stop for the day....
Love it very much Ed. Optimizing the trade. That's the keyword. I'm learning this thing last few months and begin to get better from day to day.

This is what I learn on my optimizing learning:
1. Optimizing on entry point: Finding the best price to go short or long will help you A LOT to minimize a drawdown. On many case, sup/res line retest will play a good rule to enter the trade. Some pairs (GU and EJ) also have high volatility that even on a HA chart it will have both head and tail wick. If you go short, wait for the head wick to enter the trade. Vice versa on long trading. And of course don't forget those multiple TF indis.

2. Optimizing on exit point: For me the key here is to have a good bias whether the pair is on ranging period or trending period. On ranging period you can expect 30-40 pips on GU or 20-30 pips on EU. Enter the trade, take the profit, wait for retracement, and take another trade if it is possible. BUT don't expect more on this ranging period. My main rule when exiting at ranging market is sup/res line. I'm not depend too much on trix in this case.

On trending market, sure you can play trail, closing half trade and move SL to BE, or just wait another 30 minutes to see your pips grow. My exit trade usually based on fast trix color change. If I based my entry on 15M trix, then my exit will be based on the same TF. Unless I see price reversal will high enough, I will close my trade and reentry later at better price (this need screen time experience). Sometimes on high volatility pair, moving SL to BE too earlier will just offset the profit and turn the trade into BEP trade (with heartache of course )

Well, that's just a note from me. Correction or suggestion will be much appreciated.
Manage your risk accordingly and you're half done your home work.
  • #8,956
  • Mar 31, 2009 12:50pm Mar 31, 2009 12:50pm
You have my permission to use that Title under your username............

Quoting MissPips
Pip Princess. I like it. Now why didn't I think of that one.....:-)
  • #8,957
  • Mar 31, 2009 1:14pm Mar 31, 2009 1:14pm
Thanks Personalme for sharing your experience and astute observations. That is great info.
Quoting personalme
Love it very much Ed. Optimizing the trade. That's the keyword. I'm learning this thing last few months and begin to get better from day to day.
Up or down, gimme a ticket
  • #8,958
  • Mar 31, 2009 1:26pm Mar 31, 2009 1:26pm
I want to offer a big thank you to the THV Team for the MTF TRIX indicators.

You folks are the best and most dedicated forex professionals I have seen. I have spent a lot of money over the past two years on “forex systems” – only to see average to poor results. But, the THV system is free and it works better than anything I have found.

Many thanks!
Dan
Without vision, the people will perish.
  • #8,959
  • Mar 31, 2009 1:28pm Mar 31, 2009 1:28pm
Thv was music already. Now it's symphony. Somehow it reminds me of Close Encounters (older members will remember) - Spielberg movie.

I didn't trade today - making perfect setup for myself (bigger tf) and watching how it works. It's perfect. Thanks again to The Team.

There is resemblance
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  • #8,960
  • Mar 31, 2009 1:35pm Mar 31, 2009 1:35pm
MissPips indicated in post 8919

that “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, as Tradewell explained earlier.”

I want to run this through the simulator that comes in the THV 3 Zip file.

I have followed the directions for the install and changed the settings as directed, but when I START the simulator, I get the new chart that pops up and says “Waiting for Update” – I load the template, but nothing happens. That is, that chart will not begin to run when hit start.

What am I doing wrong?

Thanks
Dan
Without vision, the people will perish.
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