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THV system, final edition

  • #9,061
  • Apr 2, 2009 7:37am Apr 2, 2009 7:37am
Hello All,

I can post again here.

Some days ago Cobra have shown us the Cup, so I see now is near to break.

Cobra and every body Id like to have opinions.

Attached Image (click to enlarge)
Click to Enlarge Name: cup.gif Size: 18 KB
  • #9,062
  • Apr 2, 2009 8:08am Apr 2, 2009 8:08am
Quoting ThinkFX
Hello All,

I can post again here.

Some days ago Cobra have shown us the Cup, so I see now is near to break.

Cobra and every body Id like to have opinions.
Good morning everyone. I am not trading until these candles get a little shorter! (and when Trichet stops talking)

As far as a sustained long movement, your chart shows we are encountering a trendline, which coincidentally intersects an important S/R just short of 1.35

Until that gets broken, we cannot say whether or not the cup and handle "top" will be tested for a larger continuation.
  • #9,063
  • Apr 2, 2009 8:08am Apr 2, 2009 8:08am
Quoting MissPips
Hi Macman,

I was trading today, and I saw a trade that explained what you mean and I realized that you are right.

This was an oversight on my part because usually when PA breaks the Coral and meets the other conditions it has already broken the cloud. But not always. There are cases where the other conditions are met and...
Hi Princess,
Just to help any newbies out there struggling with this huge thread.

I think the manual 1st page reads better like this:

THV3 Multiple Time Frame (MTF) Rules

Coded by Miss Pips, a big applause to her for all the time and efforts in this project.

Edited by TradeWell, Cobraforex and the THV Team

Regular Trades:

1) Trade when you get 6 green or 6 red lights total out of all Trix histograms.

2) Two of the lights have to be in the first two rows (m1 and m5)

2a) Trade direction must be away from the Coral

3) Take the trade as soon as PA touches below/above the Cloud (don't wait for a close below or above)

4) Dont trade when you see divergence in the opposite direction. Divergence not only gets you into good trades earlier, it also keeps you out of bad ones.

Exit at 10 pips profit and use a 15 pip SL (or ATR, whichever is larger).

The suggested setup uses 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.

Also for anyone struggling out there I have posted my chart with Coral etc marked. Basically trading away from the Coral is trading with the trend so increasing the likelihood of a successful trade. In the chart you take shorts only - away from the Coral.

Hope this helps

p.s. My TRIX and Cloud Histograms are not the latest versions - yet.
Attached Image (click to enlarge)
Click to Enlarge Name: coral position.gif Size: 45 KB
  • #9,064
  • Apr 2, 2009 8:23am Apr 2, 2009 8:23am
Quoting TradeWell
Good morning everyone. I am not trading until these candles get a little shorter! (and when Trichet stops talking)

As far as a sustained long movement, your chart shows we are encountering a trendline, which coincidentally intersects an important S/R just short of 1.35

Until that gets broken, we cannot say whether or not the cup and handle "top" will be tested for a larger continuation.
Good morning Tradewell. It's time to start looking for PIPs.
Up or down, gimme a ticket
  • #9,065
  • Apr 2, 2009 8:28am Apr 2, 2009 8:28am
Quoting macman
I think the manual 1st page reads better like this...
We are working on changes. Thank you for your input.
  • #9,066
  • Apr 2, 2009 9:53am Apr 2, 2009 9:53am
My understanding of the original rules is that PA has to be above both the Coral and the cloud for a long and below both the Coral and the Cloud for a short. I tried to stick to these rules with only two exceptions:

1. For divergence trades, PA only has to break the cloud (and you need 6 points - four of which come from the divergence), because if you wait for it to break the coral too, the divergence might have exhausted itself.

2. In the original rules, in addition to PA breaking the cloud and Coral for a regular trade, you needed a trix cross, and the fast and slow trix in the direction of the trade, and the fast trix above/below 0 in the direction of the trade. In my rules you don't need a cross or the slow trix, or the break of 0 although it's safer if you have that (but you will miss quite a few good trades if you trade only that).

In my rules you can trade when

a) PA breaks the coral and cloud
b) The fast 1m has just turned in your direction
c) The fast 5m is going in your direction
d) You have 6 points.

The reason I allow this, is because I figure that if you have the majority of the lights going in your direction, odds are that the change in the fast 1m trix is going to turn PA back in the direction of your trade. The Euro to me is like a big slow tanker that cant turn around too fast once it builds up steam. So even if you entered on the last wave (which I don't recommend but you never know which one it is) usually you can squeeze out another 10 pips when you have so many trixes going in your direction, and the fast 1m has just changed.

Anyway, Tradewell is fixing the manual, and he is a model of clarity so when he gets done I'm sure it will be more understandable

Quoting macman
Hi Princess,
Just to help any newbies out there struggling with this huge thread.

I think the manual 1st page reads better like this:

THV3 Multiple Time Frame (MTF) Rules

Coded by Miss Pips, a big applause to her for all the time and efforts in this project.

Edited by TradeWell, Cobraforex and the THV Team

Regular Trades:

1) Trade when you get 6 green or 6 red lights total out of all Trix histograms.

[color=royalblue]2)...
  • #9,067
  • Apr 2, 2009 9:54am Apr 2, 2009 9:54am
Quoting macman
Hi Princess,
Just to help any newbies out there struggling with this huge thread.

I think the manual 1st page reads better like this:

THV3 Multiple Time Frame (MTF) Rules

Coded by Miss Pips, a big applause to her for all the time and efforts in this project.

Edited by TradeWell, Cobraforex and the THV Team

Regular Trades:

1) Trade when you get 6 green or 6 red lights total out of all Trix histograms.

[color=royalblue]2)...
Macman,

Very helpful post, many thanks.
  • #9,068
  • Apr 2, 2009 10:00am Apr 2, 2009 10:00am
Now, that's clarity, Dave. Nice post.

Have a good one
Jeff


Quoting macman
Hi Princess,
Just to help any newbies out there struggling with this huge thread.

I think the manual 1st page reads better like this:

[color=RoyalBlue]THV3 Multiple Time Frame (MTF) Rules

Coded by Miss Pips, a big applause to her for all the time and efforts in this project.

Edited by TradeWell, Cobraforex and the THV Team

Regular Trades:

1) Trade when you get 6 green or 6 red lights total out of all Trix histograms.

2) Two of the lights have to be in the first two rows (m1 and m5)

2a) Trade direction must be away from the Coral

3)...
~*~You are only one trade away from humility~*~
  • #9,069
  • Edited 10:18am Apr 2, 2009 10:09am | Edited 10:18am
Quoting MissPips
I can think of a few reasons for this

1. The Trix Histo uses the Trix V5, and on the chart you posted it looks like you are using a different version. The settings are a bit different between versions, so the trix is not always the same color on both of them.

2. In the screenshot you posted, you are referencing 7:01 yesterday, but you posted today, and I'm assuming from the way the histo looks you took the screen shot today. If I look back today at that time on my screen, which has been running continuously, indeed the colors of the 1m histo...
Hi MissPips,

I don't want to be a pest, but the TRIX Histo indicators are from the Zip File provided in post 8855.

The version is: thv 2 4 Trixhisto BarV3.1.5.3. Is this not right? This is the version I thought I was using.

Thanks in advance.
Dan

ALSO - I am using the THVtrix V5.00 - the same one I was using when I posted the chart.
Without vision, the people will perish.
  • #9,070
  • Apr 2, 2009 10:30am Apr 2, 2009 10:30am
Quoting bythepound
...The version is: thv 2 4 Trixhisto BarV3.1.5.3. ...
That is the Trix histo version, but it is based on the Trix. In other words, the histo gets its "feed" from the Trix v5 so you must have that Trix (called Trix for MTF histo). The Thv3 Trix 4.01 Div is no longer the Trix version to use if you are using MTF. MissPips can clarify if I am not explaining well enough.
  • #9,071
  • Apr 2, 2009 10:35am Apr 2, 2009 10:35am
Quoting TradeWell
That is the Trix histo version, but it is based on the Trix. In other words, the histo gets its "feed" from the Trix v5 so you must have that Trix (called Trix for MTF histo). The Thv3 Trix 4.01 Div is no longer the Trix version to use if you are using MTF. MissPips can clarify if I am not explaining well enough.
You are correct. I am not using the Thv3 Trix 4.01 Div , I am using the version provided in the zip files for the MTF indicators - called THV3 Trix for MTFHisto.

Thanks
Without vision, the people will perish.
  • #9,072
  • Apr 2, 2009 10:39am Apr 2, 2009 10:39am
Some help needed.

The settings for the THV MTF systems are described for M1 but I am at home in M5, so I am not sure if my setup is correctly. I did the following:

MTF trixhisto to M5f, M5s, M15f, M15s, M30f, M30s, M60f, M60s
MTF cloud histo to M15, M30

Is this correct and are the rules staying the same ?

I find also the pitchforks very interesting. I've seen them sometimes in here and would like to combine the scalping with some "longer term" trades defined by such pitchforks. I've read the article in Investopedia and understand the basics. What I am having problems with is, when the A,B,C points do not outline very good. In this case I am drawing some lines without knowing exactly what I'm doing.

Some examples what I've done:

Attached Image (click to enlarge)
Click to Enlarge Name: Pitchforks-1.png Size: 16 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Pitchforks-2.png Size: 15 KB


Anyone knows a good reading about this ?

Any advice appreciated, Tks.
10 x 100 = 100 x 10, stefx, retired scalper.
  • #9,073
  • Apr 2, 2009 10:46am Apr 2, 2009 10:46am
Stefx:

What markets and what time frames are those please? I can guess but don't have the time to guess as I have to manage the positions. TIA

Have a good one
Jeff


Quoting stefx
Some help needed.


I find also the pitchforks very interesting. I've seen them sometimes in here and would like to combine the scalping with some "longer term" trades defined by such pitchforks. I've read the article in Investopedia and understand the basics. What I am having problems with is, when the A,B,C points do not outline very good. In this case I am drawing some lines without knowing exactly what I'm doing.



Any advice appreciated, Tks.
~*~You are only one trade away from humility~*~
  • #9,074
  • Apr 2, 2009 10:52am Apr 2, 2009 10:52am
Me either. I don't even trade a few hours before an interest rate announcement.
[quote=TradeWell;2647086]Good morning everyone. I am not trading until these candles get a little shorter! (and when Trichet stops talking)
  • #9,075
  • Apr 2, 2009 10:55am Apr 2, 2009 10:55am
Quoting stefx
...I am at home in M5....are the rules staying the same ?

I find also the pitchforks very interesting. .....
MissPips developed a M1 method for MTF. I have been starting to trade M5 but haven't developed fully clear rules on using it. I think it would tend to be similar, though not sure on SL and TP.

Pitchforks are basically channels, and you can view psiholog's thread to get some channel info. Also, when doblece gets back you can get quite a bit of information from her. When you see her back, just ask.
  • #9,076
  • Apr 2, 2009 10:57am Apr 2, 2009 10:57am
On the first chart, the fork is not describing all the price actions; right in the middle, the 'big hump' is totally out of the fork, thereby, discounted the validity of this fork.

On the second chart, according to your labeling of the three pivotal: A B C. This is VERY IMPORTANT: The following sequence has to be obeyed: A comes First, B Comes Second and C comes Third. In your case, B comes First, A comes Second and C comes Third. Hence, it is not a pitchfork.

Quoting stefx
Some help needed.

The settings for the THV MTF systems are described for M1 but I am at home in M5, so I am not sure if my setup is correctly. I did the following:

MTF trixhisto to M5f, M5s, M15f, M15s, M30f, M30s, M60f, M60s
MTF cloud histo to M15, M30

Is this correct and are the rules staying the same ?

I find also the pitchforks very interesting. I've seen them sometimes in here and would like to combine the scalping with some "longer term" trades defined by such pitchforks. I've read the article in Investopedia and understand the basics....
~*~You are only one trade away from humility~*~
  • #9,077
  • Apr 2, 2009 11:03am Apr 2, 2009 11:03am
Quoting jharteam
Stefx:

What markets and what time frames are those please? I can guess but don't have the time to guess as I have to manage the positions. TIA

Have a good one
Jeff
First one is E/U on H4, second is E/Y on D1. Thanks for your effort, but your positions are coming first of course, so no hurry.
10 x 100 = 100 x 10, stefx, retired scalper.
  • #9,078
  • Apr 2, 2009 11:11am Apr 2, 2009 11:11am
Please bear with me; will show 'em to you a bit later.

Have a good one
Jeff


Quoting stefx
First one is E/U on H4, second is E/Y on D1. Thanks for your effort, but your positions are coming first of course, so no hurry.
~*~You are only one trade away from humility~*~
  • #9,079
  • Apr 2, 2009 11:14am Apr 2, 2009 11:14am
Quoting TradeWell
MissPips developed a M1 method for MTF ...
Pitchforks are basically channels ...
Thanks for your information, this thread shows something similar to what I am drawing, except I paint in yellow . Gonna read it.
10 x 100 = 100 x 10, stefx, retired scalper.
  • #9,080
  • Apr 2, 2009 11:41am Apr 2, 2009 11:41am
Quoting stefx
Thanks for your information, this thread shows something similar to what I am drawing, except I paint in yellow . Gonna read it.
stefx,

What you are drawing are channels, not Andrews Lines...similar but not the same. Suggest several of us that use AL's or *pitchforks* (Dr. Andrews hated the coined pitchfork term) migrate over to a different thread. The scope of the AL's are huge and this thread would not be the proper place for such. Jharteam would probably be willing to migrate, I'd sure pop in and give my humble comments and there are most likely other AL's users here that would show up as well.
Listen to the whispers.... You may learn something
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