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THV system, final edition

  • #9,021
  • Apr 1, 2009 1:14pm Apr 1, 2009 1:14pm
Quoting TradeWell
Set the first line to 2.

That will give you pivots as of GMT 0000, which is what Cobra uses.

The other box is for showing pivots as daily or Fibonacci, and again, most of us use the Fibonacci so set it to 2.
So the first line is for the GMT by the broker, which in my case would be +2 ?? If so, now I understand...

Thanks
I am Brazilian and I never give up!
  • #9,022
  • Apr 1, 2009 1:16pm Apr 1, 2009 1:16pm
Hello everyone..hope all is doing well. I have a question regarding the THV V3 entries. The rules state that an entry is made when price drops either below or above the cloud and the fast & slow trix cross each other and have the same color. How far after the cross can you enter? And can you enter early if both the fast and slow trix are the same color of your trade as long as price on the 5M is below the cloud ( even though the f & s trix have yet to actually cross each other? Thx.
  • #9,023
  • Apr 1, 2009 1:20pm Apr 1, 2009 1:20pm
Quoting bart021
It has all timeframes from M1 to W1 on histos
Wow! You are the histo-meister! That gives a complete picture huh? However, I don't think by Miss Pips rules that you could count 6 boxes to make a trade.
  • #9,024
  • Apr 1, 2009 1:22pm Apr 1, 2009 1:22pm
Quoting windelevel
So the first line is for the GMT by the broker, which in my case would be +2 ?? If so, now I understand...

Thanks
Yes, you got it.
  • #9,025
  • Apr 1, 2009 1:26pm Apr 1, 2009 1:26pm
Quoting ragu
Hello everyone..hope all is doing well. I have a question regarding the THV V3 entries. The rules state that an entry is made when price drops either below or above the cloud and the fast & slow trix cross each other and have the same color. How far after the cross can you enter? And can you enter early if both the fast and slow trix are the same color of your trade as long as price on the 5M is below the cloud ( even though the f & s trix have yet to actually cross each other? Thx.
You can trade before the cross but it is more risky (more prone to reversal).
  • #9,026
  • Apr 1, 2009 1:29pm Apr 1, 2009 1:29pm
Hi There,

I created this template based on the rules posted in POST #8855 by Cobra. The settings suggestion:

1m fast, 5m fast, 5m slow, 15m fast, 15m slow, 30m fast, 30 m slow and 60 m fast Trix histograms, and the Ichimoku histogram uses the 5 m and 15m clouds. It has been tested for use on the M1, EURUSD chart. Other currency pairs and TF's may require adjustments to these rules.

Dan
Attached Image (click to enlarge)
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Attached File(s)
File Type: tpl thv v3 - mtf histo.tpl   26 KB | 924 downloads
Without vision, the people will perish.
  • #9,027
  • Apr 1, 2009 1:30pm Apr 1, 2009 1:30pm
Bart021 - thanks for the post of the template - you beat me to it. I think there was a lot of questions on how to set up the Histo.

Thanks
Dan
Without vision, the people will perish.
  • #9,028
  • Apr 1, 2009 1:34pm Apr 1, 2009 1:34pm
Quoting TradeWell
Wow! You are the histo-meister! That gives a complete picture huh? However, I don't think by Miss Pips rules that you could count 6 boxes to make a trade.
Yes and no
When you are on - for example - 15min chart you can look for those 6 up from this timeframe. 1M and 5M trixes in this case are compressed in 15min time frame - meaning more time cycles are condensed in one little cube, so not valid anymore.
Hmm, I see that this sounds very confusing but it's easier to see on chart than to explain.

^%&^#@ brain overload

... anyway more boxes better chances ...
  • #9,029
  • Apr 1, 2009 1:38pm Apr 1, 2009 1:38pm
Quoting TradeWell
You can trade before the cross but it is more risky (more prone to reversal).

Ok..just wanting to make sure because there are times when the fast & slow cross each other on the 5M chart and there have already been 3 or more 5M candles either above or below the cloud and it seems that the entry is a bit late. Thanks for clarifying Tradewell.
  • #9,030
  • Apr 1, 2009 1:43pm Apr 1, 2009 1:43pm
Quoting kaayforex
Hi everyone,
I only have the MTF Cloud and the Trix histo v3 .1.5.3(1,1,5,5), that makes six boxes. how do i get the other 4 boxes as in chart of others. your help will be appreciated.
thanks
You have to drag one more instance of THV 2 4 TF Trixhisto Bar V3.1.5.3 onto the chart and set the four periods accordingly to the manual. You find it in the custom indicators.
10 x 100 = 100 x 10, stefx, retired scalper.
  • #9,031
  • Apr 1, 2009 1:49pm Apr 1, 2009 1:49pm
You are great. Thanks a bunch!
Quoting bart021
Hi Misspips

I was PM'd couple of times from people not beeing able to setup trix histos and cloud. I'm sending a version of a setup that I'm currently using. It has all timeframes from M1 to W1 on histos and the cloud is set to autotime - it always shows to timeframes higher than you are in. I suppose everyone can delete what they don't need and lookup in settings how it is done.

Hope it helps

This is the screenshot
  • #9,032
  • Apr 1, 2009 1:50pm Apr 1, 2009 1:50pm
Quoting bart021
Yes and no
When you are on - for example - 15min chart you can look for those 6 up from this timeframe. 1M and 5M trixes in this case are compressed in 15min time frame - meaning more time cycles are condensed in one little cube, so not valid anymore.
Hmm, I see that this sounds very confusing but it's easier to see on chart than to explain.

^%&^#@ brain overload

... anyway more boxes better chances ...
I see what you are doing. I do the same but on different charts. See, we think alike...
  • #9,033
  • Apr 1, 2009 2:16pm Apr 1, 2009 2:16pm
Quoting TradeWell
I see what you are doing. I do the same but on different charts. See, we think alike...
I had to laugh aloud because I don't know what I'm doing anymore - looking at the screen the whole day - everything starts to blurrrrr.
Anyway I managed (finally) to catch one on 1M time frame - I really suck at this - feels like looking sideways in speeding car.
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  • #9,034
  • Apr 1, 2009 4:12pm Apr 1, 2009 4:12pm
Thanks guys and gals for the recently posted THV indicators and the manual.

Just reading the manual and I think there is a typo which may confuse newbies.

Manual says under heading Regular Trades:
3) Take the trade as soon as PA touches below/above the coral (don't wait for a close below or above)

I guess this should read:
3) Take the trade as soon as PA touches below/above the cloud (don't wait for a close below or above)

Correct me if I am wrong.

Hope this helps someone

As usual , great work by the team - respect
  • #9,035
  • Apr 1, 2009 5:03pm Apr 1, 2009 5:03pm
Had that same thought when I read the instructions yesterday.
  • #9,036
  • Apr 1, 2009 5:09pm Apr 1, 2009 5:09pm
Quoting bart021
I had to laugh aloud because I don't know what I'm doing anymore - looking at the screen the whole day - everything starts to blurrrrr.
Anyway I managed (finally) to catch one on 1M time frame - I really suck at this - feels like looking sideways in speeding car.

Your retinas are being seered and brain is melting from all the indicators, that screen looks like a light bright http://en.wikipedia.org/wiki/Lite-Brite, makes my stomach hurt. You may want to take off the coral on the 1m, the T3 is more accurate on that time frame.

Whats your frustrations? we are here to help.

I modeled my setup after Cobra's. Break it down to two screens, your analysis screen (M5) and your trading screen (M1). the analysis screen allows you to get your head together and your game plan down. Drawing your trendlines and pitchforks manually also makes you think about market direction and helps you focus, it gets you in the zone to trade. You also see your pivots with real candle formations. Hmmm, wheres PA headed and wheres it going to bounce? Plan the trade trade the plan.

1. Look at daily chart
2. zoom to H4, draw trendline
3. zoom to M5 draw pitchforks

Your trading screen (THV) helps you execute the plan you created on your analysis screen, are you buying the dips or the peaks today, etc.?

So I watch the analysis screen waiting for a good setup (bouncing off a pivot, bottom or top of the price channel, bounce off H4 trendline) and execute with THV.

keep it simple or you will drive yourself crazy and second guess yourself all the time.

McD

PS that H4 trendline has been there for about 2 days.
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  • #9,037
  • Apr 1, 2009 5:24pm Apr 1, 2009 5:24pm
Quoting Freddyfx
Had that same thought when I read the instructions yesterday.
The THV3 MTF Manual is correct...but, that is MissPips' method. There are many ways you could use this system. Just start with her method or whatever works for you. We decided on her strategy because it was proven. We just thought we would save you the trouble of creating your own.

Any strategy you create should be fully tested first of course.
  • #9,038
  • Apr 1, 2009 6:26pm Apr 1, 2009 6:26pm
Quoting DrMcDDC
Whats your frustrations? we are here to help.

Your trading screen (THV) helps you execute the plan you created on your analysis screen, are you buying the dips or the peaks today, etc.?
McD
  • #9,039
  • Apr 1, 2009 8:32pm Apr 1, 2009 8:32pm
Hey nuan, where are you?

I bet that you cashed at least 40 pips in E/Y till now
  • #9,040
  • Apr 1, 2009 9:06pm Apr 1, 2009 9:06pm
a little slow today
i grabbed what i could on ej-gu-eu so far
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