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THV system, final edition

  • #9,221
  • Apr 6, 2009 9:21pm Apr 6, 2009 9:21pm
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!!
Kaz...the meat behing the "Get rich slowly...": Work your account up slowly and use good MM so you don't blow your account and have to start over. I know nothing about your trading ability or style of trading but starting out with the 10 pips might be what you want to try.

Quote
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
Yes, by the rules the M1 AND M5 both need to be the same color and you need 4 more hitos that are the same color as well. The Pip Princess explained it very well so read her posts. She explained it much better than I can but note that the theory behind this is getting all the odds you can on your side before jumping off the high board. It's kind of scary when you jump off the high board and half way down you can see there isn't any water in the pool...ouch! Look to the higher time frames for direction and then look to the M1 to time your entry.
Gotta run...see my short it pushing hard south......time to trade.
Listen to the whispers.... You may learn something
  • #9,222
  • Apr 6, 2009 10:06pm Apr 6, 2009 10:06pm
Quoting poki
There is nothing wrong 10 pip tp trades, my most profitable month ever was based on that, I have limited time to trade at present but over the last week I have been able to catch 2 trades daily @10 pips with this system.
Thanks to the THV team

hi poki.. r u at eur/usd? using m5?

i tried to watch the PA yesterday... it was way below coral.. could never catch a trade.. am i doing something wrg
  • #9,223
  • Apr 6, 2009 10:24pm Apr 6, 2009 10:24pm
I use this system on H4 graphs, and it is just amazing, also I added few more indicators from another system to filter fals signals and pick the best entry point, If you are interested I can post them here.
  • #9,224
  • Apr 6, 2009 10:28pm Apr 6, 2009 10:28pm
Quoting trading801
hi poki.. r u at eur/usd? using m5?

i tried to watch the PA yesterday... it was way below coral.. could never catch a trade.. am i doing something wrg
Price don't need to cross the coral to take a trade , but below the coral you take shorts and above only longs.
  • #9,225
  • Apr 6, 2009 10:43pm Apr 6, 2009 10:43pm
ah i see... may i post a section by section here?

therefore

Entry: Above Coral only long, below Coral only short >> ok

Price crosses cloud - both Trix cross each other and have the same color. so we only start a trade when the price move above ( long ) or below ( short ) the blue cloud? we also need the trix to cross each other at the same time, color green ( long ) red ( short ) ?


therefore it is


long:
price above coral
price move above cloud
trix crosses and is green


short:
price below cobra
price move below cloud
trix crosses and is red

clarification. We can only enter trades AT the event of the crossing or as long as the above is true?


Best and most secure trend confirmation is a cross of the fast Trix on the zero level. >>> what is this?

Exit:Faster Trix changes color and/or touch of a known good resistance/support level. >>> this is the analyse exit alert right?

Can someone share with me what is the green and red arrows at the trixes ? Can i just follow it to start positions?

thanks for patience
  • #9,226
  • Apr 6, 2009 10:55pm Apr 6, 2009 10:55pm
Quoting trading801
clarification. We can only enter trades AT the event of the crossing or as long as the above is true?
As long as the above is true but take care that you don't run in overbought/sold areas and catch the end of the trend.


Best and most secure trend confirmation is a cross of the fast Trix on the zero level. >>> what is this?
The gray Trix zero line

Exit:Faster Trix changes color and/or touch of a known good resistance/support level. >>> this is the analyse exit alert right?
Yes but it's ment as a possible SL/TP, for better exit watch out for S&R and fibs

Can someone share with me what is the green and red arrows at the trixes ? Can i just follow it to start positions?
They are divergence arrows, don't trade them before you fully understand how to trade that

thanks for patience
You're wellcome

Please read also the last 40 pages about MTF trading!!!
  • #9,227
  • Apr 6, 2009 10:56pm Apr 6, 2009 10:56pm
Wondering if anyone is active now.

Entered a long eurusd with bullish divergence in 15M/30M/H1 with entry based on the 1M. On 15M it seems to have just broken out the downward trendline.

Target Profit 1.3420 area. Stop loss 1.3320 last low.

Asian session is a bit slow but guess that gives me less heart attacks...

Comments welcome.

Regards,
Attached Image (click to enlarge)
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  • #9,228
  • Apr 6, 2009 11:01pm Apr 6, 2009 11:01pm
Quoting cobraforex
Please read also the last 40 pages about MTF trading!!!

yes sir!

heehee
  • #9,229
  • Apr 7, 2009 2:49am Apr 7, 2009 2:49am
Quoting Scrutch
Now that's something fresh...NuB trader that has actually done the homework before asking questions.

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.
ok, here is another thing I am stuck with. Need some insight.
What I am trying to do is make a template as suggested by macman (post#9183). I am trying to change colours etc to that its more soothing to eyes. What I used are two templates:
1. provided by bart021 on post #8879
2. provided by bythepound on post #9184 with two histograms.

Issues:

1. I've noticed that using the one by bythepound, on both 1 min and 5 min TF's overbought and oversold lines disappear after a brief show. Tried changing demos from ODL to IBFX. Same result. I just see one line only.

2. If I use the one by bart021, and add one more histo, same thing happens! If however, I dont add anything, it runs fiine and shows overbought and oversold areas all d time on both 1 min and 5 min.

Please see the attached screenshots. By d way I am using version 223 of ODL and 220 of IBFX for demo..not sure its the plateform version though?

May be I am missing something.
Please advise
Cheers
Kaz
Attached Image(s) (click to enlarge)
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  • #9,230
  • Apr 7, 2009 2:56am Apr 7, 2009 2:56am
quick qns.. i do not need to draw divergence myself right? the green and red arrows on trix does it?

so far it seems pretty accurate.. ! am tempted to buy and sell on such arrows
  • #9,231
  • Apr 7, 2009 3:02am Apr 7, 2009 3:02am
Quoting kaizasoze
ok, here is another thing I am stuck with. Need some insight.
What I am trying to do is make a template as suggested by macman (post#9183). I am trying to change colours etc to that its more soothing to eyes. What I used are two templates:
1. provided by bart021 on post #8879
2. provided by bythepound on post #9184 with two histograms.

Issues:

1. I've noticed that using the one by bythepound, on both 1 min and 5 min TF's overbought and oversold lines disappear after a brief show. Tried changing demos from ODL to IBFX. Same result. I just see...
Kas -
I don't think you are really missing anything, unless you want the oversold/bought lines to show. Personally, I do NOT use those lines. I have disciplined myself to keep my THV chart as clean as possible with nothing other than the THV3 template with the histograms (2 MTF histo's & 1 ichi histo). With that set-up alone; I follow the rules without deveation and find good success. I dabbled with a little indy here and a little indy there and found it distracting and unproductive. Cobra and the team has created something I have chosen not to 'fix' with other stuff.
With patience and practice success will come.

just my thoughts -
Pip what you see; See what you pip!
  • #9,232
  • Apr 7, 2009 3:05am Apr 7, 2009 3:05am
Quoting trading801
quick qns.. i do not need to draw divergence myself right? the green and red arrows on trix does it?

so far it seems pretty accurate.. ! am tempted to buy and sell on such arrows
keep in mind - the divergence indicator and alerts do lag by two candles regardless of time frame. Follow them though and in time, you will begin to notice the divergence 'before' the alert tells you. I have found that by the time the alert goes off, the advantage is close to exhaustion or over.
Pip what you see; See what you pip!
  • #9,233
  • Apr 7, 2009 3:15am Apr 7, 2009 3:15am
Attached Image (click to enlarge)
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Max drawdown:12 pips
Manage your risk accordingly and you're half done your home work.
  • #9,234
  • Apr 7, 2009 3:18am Apr 7, 2009 3:18am
Very good point to point out here, Peter; this is one of those most important little things one needs to be aware of in utilizing the THV successfully. To me, following the little arrows will get you in trouble, I won't do that. It's a process of learning that needs to go through. At first, one has to follow the Trix right to the point of where it fires off a divergence line; in times, one will use his/her judgment to 'override' the divergence line a few bars earlier. Not really an 'override', for lack of better description, the THV is in fact, teaching the trader to detect the divergence play well in advance of a 'mechnical signal' being fired off out of the Trix. Take care

Have a good one
Jeff



Quoting SeerEye
keep in mind - the divergence indicator and alerts do lag by two candles regardless of time frame. Follow them though and in time, you will begin to notice the divergence 'before' the alert tells you. I have found that by the time the alert goes off, the advantage is close to exhaustion or over.
~*~You are only one trade away from humility~*~
  • #9,235
  • Edited 4:14am Apr 7, 2009 3:30am | Edited 4:14am
EU M15 chart: May be setting up now for a drop out of the Bear Channel...

Edit: Add trade completion second chart.
Attached Image(s) (click to enlarge)
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  • #9,236
  • Apr 7, 2009 3:30am Apr 7, 2009 3:30am
Here's one of my long term divergence bust

-90 pips on UJ. I have to trade a whole day just to cover this one trade, lol. Anyway, I still consider it is a good trade based on the profit target. It is just a wrong trade IMO. But guys, maybe you have something I don't see on this one.

Attached Image (click to enlarge)
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Manage your risk accordingly and you're half done your home work.
  • #9,237
  • Apr 7, 2009 3:32am Apr 7, 2009 3:32am
Adding the histos does make the overbought/oversold lines disappear. I believe that this happens because the histos call the trix itself on each tick, and the trix adds/ removes those lines when it is initialized/deinitialized in the window where it is called. So when you add the trix histos, the lines are drawn in the trix histo window (but you don't see them because the value so small compared to where the histo window is drawn.) I think we can get rid of this by giving those lines another name in the version of the Trix that is called by the histos in the next release. Meanwhile I would just add them in as a line in that window, if you want to see them. (Get the values for the lines by adding the trix to a window without the histos first.)
Quoting kaizasoze
ok, here is another thing I am stuck with. Need some insight.
What I am trying to do is make a template as suggested by macman (post#9183). I am trying to change colours etc to that its more soothing to eyes. What I used are two templates:
1. provided by bart021 on post #8879
2. provided by bythepound on post #9184 with two histograms.

Issues:

1. I've noticed that using the one by bythepound, on both 1 min and 5 min TF's overbought and oversold lines disappear after a brief show. Tried changing demos from ODL to IBFX. Same result. I just see...
  • #9,238
  • Apr 7, 2009 6:23am Apr 7, 2009 6:23am
enter long before.. trix divergenze.. at the confirm i increments lots
do u agree?
Attached Image (click to enlarge)
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  • #9,239
  • Apr 7, 2009 6:44am Apr 7, 2009 6:44am
Quoting pattinatore
enter long before.. trix divergenze.. at the confirm i increments lots
do u agree?
good 10 pips
damn for my scary
  • #9,240
  • Apr 7, 2009 6:53am Apr 7, 2009 6:53am
Your longs were a valid long, because the current rebound should have quite large 'a room' to play this corrective. Although overall markets postures are gearing for shorts; this rebound should be sizable enough to justify for a long play from an intraday perspective.


Quoting pattinatore
good 10 pips
damn for my scary
~*~You are only one trade away from humility~*~
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