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THV system, final edition

  • #9,181
  • Apr 6, 2009 11:20am Apr 6, 2009 11:20am
Hi guys,
I've downloaded the "MTF indicators w manual.zip" file from the first post, and I can only get six histograms to appear, as the screenshot in the manual has ten. Any advice on this?

Thanks.
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  • #9,182
  • Apr 6, 2009 11:25am Apr 6, 2009 11:25am
Quoting kaizasoze
Hello Guys
Been on this amazing thread for a month or so. Going though every post.
Great work team. Very impressed.
I am currently demoing as advised. Little confused over this trade that i was watching but didn't take. I am only using 6 lights. I am confused that:
1. Despite following all the rules I cannot enter coz 1m light is green.
2. 5min Fast trix is in oversold territory. Follwed by Slow trix.Can we ignore 1 min green in this case?

Entry-- break of 136.50 psych level( i know i could have entered earlier)
Exit -- touch of 135.50...
Couple of points which may help here. Not sure if this is the best way to set up, but it is the method I use. Note here that I am not yet using the latest multi light histos.

1. Best to use M1 chart for entry/exit as this is giving you the most up to date look at what PA in the market is doing. Not much point in trying to judge an entry from an M5 chart if you have M1 available.

2. On your M1 chart have your cloud and Trix histo looking at higher TF's so on your 6 light set up you would have histos looking at M5 and M15 TFs

3. Similarly on your M5 chart set up your histos to look at M15 and M30 TF's. Your M5 chart is currently showing an M5 histo which is obviously not needed as you are looking at the TRIX on M5 anyway.

4. Decide which TF you are going to make your trading decisions from - suggest you use M5. Set up your sound alerts only on M5 and save an M5 template. Switch off sound on M1 and save an M1 template. Likewise you can switch off sound on higher TF's and again save a template.

Now when you are looking at the M1 chart to judge a possible entry/exit you can see the state of both the cloud and the TRIX on M5 and M30. The problem in having an M1 histo on your M5 chart is that you will be constantly seeing it change and may be tempted to exit trades way to early.

Best of luck
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  • #9,183
  • Apr 6, 2009 11:25am Apr 6, 2009 11:25am
Quoting mizuno
Hi guys,
I've downloaded the "MTF indicators w manual.zip" file from the first post, and I can only get six histograms to appear, as the screenshot in the manual has ten. Any advice on this?

Thanks.
You have to have two of the thv 2 4 TF Trixhisto BarV3.1.5.3 on your template. You only have one. See attached template for an example.

Dan
Attached File(s)
File Type: tpl thv v3 with mtf histograms.tpl   27 KB | 811 downloads
Without vision, the people will perish.
  • #9,184
  • Apr 6, 2009 11:53am Apr 6, 2009 11:53am
This is mainly intended for Jharteam since he introduced the idea of pitchforks and harmonics. But it is valuable stuff in analyzing the position in the market so I'm posting two charts (analysis and thv) which show good alignment.

It's eurusd and usdchf (they often act the same but inverted but it's a good example). On both we have indicative harmonic patterns and bouncing of median lines on pitchforks, and the Thv reasures us that we have valid trades. I marked areas of possible entry on charts.

I didn't trade any of them (should have ) because it's the new stuff for me and I want to observe it for some time.

On both examples we have probable reversals in the trend direction because we have reached median lines again.
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  • #9,185
  • Apr 6, 2009 11:58am Apr 6, 2009 11:58am
Quoting TradeWell
The coral does not have to agree with the direction of your trade.
Tradewell,
Could you please elaborate futher on this so as to offer clarification. Thank you for your help.
  • #9,186
  • Apr 6, 2009 12:11pm Apr 6, 2009 12:11pm
Quoting Nagpada
Tradewell,
Could you please elaborate futher on this so as to offer clarification. Thank you for your help.
You can see the coral change back and forth between red and green. Old THV rules said you could only go short when crossing the red part and only go long when crossing the green part. Those rules were dropped so now PA only needs to cross, regardless of color, to satisfy that part of the rules.
  • #9,187
  • Apr 6, 2009 12:12pm Apr 6, 2009 12:12pm
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!

Thanks for your informative observations and tips. Very helpful and instructive. There are many such in this thread on THV. I was wondering if there is a way to consolidate the collective wisdom of the users, making it easier for others to access, without having to go through all the post of what is now becomming a terrific but long thread.
  • #9,188
  • Apr 6, 2009 12:24pm Apr 6, 2009 12:24pm
Quoting TradeWell
You can see the coral change back and forth between red and green. Old THV rules said you could only go short when crossing the red part and only go long when crossing the green part. Those rules were dropped so now PA only needs to cross, regardless of color, to satisfy that part of the rules.
If I get you right, what you are saying is irrespective of the colour of the coral, it is more relevant for the PA to be moving away from the coral to enter a trade. This rule then surplants the previous rule ?
  • #9,189
  • Apr 6, 2009 12:28pm Apr 6, 2009 12:28pm
Quoting MissPips
You are trading the EY, and the rules were tested on the EURUSD. So you may have to modify the rules to suit the EY. Also you don't have the second histogram in place. However what you do have in place is telling you you should have entered 3bars earlier, when the 1m was also red and PA had just broken resistance and you just had a trix cross.
Miss Pips for your insight
I may have to do more testing on EJ. I think macman have strong points.
I guess this pair was just so volatile in the session I was trading, 1 min is
more likely to show green. Not quite sure.
Any thought Cobra?

Cheers
Kaz
  • #9,190
  • Apr 6, 2009 12:30pm Apr 6, 2009 12:30pm
Has page 1 been updated to include all the new system features and the new addition to the manual. It would be so very helpful if it was. Save hunting around for the correct downloads. Just a thought.
  • #9,191
  • Apr 6, 2009 12:33pm Apr 6, 2009 12:33pm
Quoting Nagpada
If I get you right, what you are saying is irrespective of the colour of the coral, it is more relevant for the PA to be moving away from the coral to enter a trade. This rule then surplants the previous rule ?
That rule change was effective as of THV v2.
  • #9,192
  • Apr 6, 2009 12:34pm Apr 6, 2009 12:34pm
Quoting Nagpada
Has page 1 been updated to include all the new system features and the new addition to the manual. It would be so very helpful if it was. Save hunting around for the correct downloads. Just a thought.
The intention is to always keep the first post updated to the current version.
  • #9,193
  • Apr 6, 2009 12:36pm Apr 6, 2009 12:36pm
Quoting Scrutch
Now that's something fresh...NuB trader that has actually done the homework before asking questions.

Was going to mention that you need to add another histo on your chart...with what you have you need everything to light (red/green) up as you only have six lights...

I see help has arrived with a template, good luck and if you have further questions just post. Plenty of traders here willing to help serious students.
D master said..consider d past and you'll know d future!!

Thanks for the encouragement. I'd like to follow d rules so that I can get rich..slowely!!
What I was puzzled about was 1 min and 5 min fast trix are supposed to be watched to be in sync with others..if either says no..are we supposed to wait?? but again..it was EJ and that too on 5 min.

Cheers
Kaz
  • #9,194
  • Apr 6, 2009 12:44pm Apr 6, 2009 12:44pm
Hi Bart021:

Nice charts with those 'insects' and the Andrew's Lines. Keep up the good work. It's your turn now; I'm gonna take some slacks here. Take care

Have a good one
Jeff

Quoting bart021
This is mainly intended for Jharteam since he introduced the idea of pitchforks and harmonics. But it is valuable stuff in analyzing the position in the market so I'm posting two charts (analysis and thv) which show good alignment.

It's eurusd and usdchf (they often act the same but inverted but it's a good example). On both we have indicative harmonic patterns and bouncing of median lines on pitchforks, and the Thv reasures us that we have valid trades. I marked areas of possible entry on charts.

I didn't trade any of them (should have )...
~*~You are only one trade away from humility~*~
  • #9,195
  • Edited 9:46pm Apr 6, 2009 12:49pm | Edited 9:46pm
Quoting macman
Couple of points which may help here. Not sure if this is the best way to set up, but it is the method I use. Note here that I am not yet using the latest multi light histos.

1. Best to use M1 chart for entry/exit as this is giving you the most up to date look at what PA in the market is doing. Not much point in trying to judge an entry from an M5 chart if you have M1 available.

2. On your M1 chart have your cloud and Trix histo looking at higher TF's so on your 6 light set up you would have histos looking at M5 and M15 TFs

3. Similarly on your...


D devil lies in detail...
Thanks mate..Its quite simple when I look back at it..
something got to get blamed..i'll blame it on-->too many posts guys!
I survived on energy drinks to get past this weekend and I was determind
to make a trade on monday...not to be!
Someone was working on a summary of this tread? It would really help as its really hard to get through countless thanks and stupid questions on EA
and other simple questions which could easiy be searched through d thread.
Can we delete such useless posts?
Thanks for all d help guys!

Cheers
Kaz
  • #9,196
  • Apr 6, 2009 12:52pm Apr 6, 2009 12:52pm
Quoting jharteam
Hi Bart021:

Nice charts with those 'insects' and the Andrew's Lines. Keep up the good work. It's your turn now; I'm gonna take some slacks here. Take care

Have a good one
Jeff
Thanks Jeff for inspiring me. These are really good tools for evaluating the market direction. I've lost some good ones before because I didn't know where I was positioned regarding the market movements.

Cheers
  • #9,197
  • Apr 6, 2009 12:53pm Apr 6, 2009 12:53pm
got it, Thanks miss pips and bythepound
  • #9,198
  • Apr 6, 2009 1:04pm Apr 6, 2009 1:04pm
Like I said, these rules were ceveloped for the EURUSD. I view the EURUSD like a big tanker that is hard to turn around once it builds up steam. So the rules were designed to help capture more good entries than just a trix cross, and to weed out the entries based on the trix cross that might be false. My reasoning was that if you have the a majority of the lights in your favor, then if you get in right when the 1m f and the 5m f turn in your direction, there is probably at least enough enertia to sqeeze out another 10 pips even if you have gotten in on the very last wave. I based this on a lot of observation. The EY might work differently, however.

Quoting kaizasoze
D master said..consider d past and you'll know d future!!

Thanks for the encouragement. I'd like to follow d rules so that I can get rich..slowely!!
What I was puzzled about was 1 min and 5 min fast trix are supposed to be watched to be in sync with others..if either says no..are we supposed to wait?? but again..it was EJ and that too on 5 min.

Cheers
Kaz
  • #9,199
  • Apr 6, 2009 1:04pm Apr 6, 2009 1:04pm
Quoting kaizasoze
D master said..consider d past and you'll know d future!!

Thanks for the encouragement. I'd like to follow d rules so that I can get rich..slowely!!
What I was puzzled about was 1 min and 5 min fast trix are supposed to be watched to be in sync with others..if either says no..are we supposed to wait?? but again..it was EJ and that too on 5 min.

Cheers
Kaz
The only market that I'm following at the moment is the EJ...and it works very well for me. An insane amount of pips last night and this am were offered on EJ. I look at several charts to see what the herd is doing but make *almost* all of my entries off the M1 THV3 with the histo squares. I've tried the six histo *lights* (with two being M1 and M5 fast) and it worked well for me but I manage the trade on the exit and see where it goes. Give it a decent try and let us know how you get along with it. Gotta run.
Listen to the whispers.... You may learn something
  • #9,200
  • Apr 6, 2009 1:06pm Apr 6, 2009 1:06pm
Hello Friends,

I was forming a strong divergence in the chart ... Will we have a good sale soon?

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I am Brazilian and I never give up!
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