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THV system, final edition

  • #9,361
  • Apr 9, 2009 8:56am Apr 9, 2009 8:56am
the chart below shows all lights are a go for a trade short - Note the thin white box

Attached Image (click to enlarge)
Click to Enlarge Name: ex 3.gif Size: 40 KB


So, my question is to the thread is - why did I not take it? The reasons are numerous - other than: "it didn't 'smell' right." A little exercise in THV principle never hurt anybody.

My answers of what I was 'seeing' at that moment; forthcoming after a bit -
Pip what you see; See what you pip!
  • #9,362
  • Apr 9, 2009 9:09am Apr 9, 2009 9:09am
Quoting Delage
Tradewell and bythepound, Thanks for the replys. Before the announcement, the trix was below the horizon, but I could scroll back to to last night and yesterday and it was above the horizon, then gradually dropped below it. I don't think it's due to another indicator. It must have something to do with it being unable to cope with the range of the YM? Can this be adjusted? Coders - any ideas? It's really a great indicator (Thanks Cobra and all others who have contributed) and I would hate to not be able to use it.

I am not sure if this would work, but it maybe worth a try. Go to your indicator list and go to the indicator window with the THV3 Trix for MTFHisto highlight that indicator and click Edit. Then go to the Common tab and at the bottom your see click on Fixed minimum and click on Fixed Maximum. Change those to
-0.0002 for the minimum and 0.0002 for the maximum, if they are already at those levels I am not sure. But I hope this helps.
  • #9,363
  • Apr 9, 2009 9:26am Apr 9, 2009 9:26am
Quoting SeerEye
the chart below shows all lights are a go for a trade short - Note the thin white box

Attachment

So, my question is to the thread is - why did I not take it? The reasons are numerous - other than: "it didn't 'smell' right." A little exercise in THV principle never hurt anybody.

My answers of what I was 'seeing' at that moment; forthcoming after a bit -
Probably because the PA is playing around Q1R1, and the PA could go either way, unless there is a clear break on direction, it would be better to stand in the side lines.
  • #9,364
  • Apr 9, 2009 9:32am Apr 9, 2009 9:32am
Quoting SeerEye
So, my question is to the thread is - why did I not take it?-
I would not have taken it because my chart does not look the same as yours. Not sure why...
Attached Image (click to enlarge)
Click to Enlarge Name: m1 eu 4-9-09.gif Size: 24 KB
  • #9,365
  • Apr 9, 2009 9:39am Apr 9, 2009 9:39am
Quoting TradeWell
I would not have taken it because my chart does not look the same as yours. Not sure why...
that's interesting - trying to figure that one out too - lol
Pip what you see; See what you pip!
  • #9,366
  • Apr 9, 2009 9:59am Apr 9, 2009 9:59am
Yes - the price was hovering around q1R1; and no real direction. However; keeping strictly within looking at THV charts - on the 1 min; 5 min and 15 min - all had a fast trix that the 'angle' of the downward slope - just didn't have any conviction. One of the criteria I've been looking at lately is the angle of the fast trix - the 15 was flat; the 5 min was flattening out on the lower end and the 1 min was at a slight downward angle - all telling me 'caution.' There were certainly other factors both technical and fundamental in nature. I had upward t/l's not broken on the 15 and 30; my stoch on the hour was still going up - etc. Along with the London foxing event (which proved to be hard sell of the euro). - anyway - hope that helps a few folks
I've posted the 1 min - but here are the 5 and 15
Attached Image

Attached Image (click to enlarge)
Click to Enlarge Name: ex 2.gif Size: 20 KB
Pip what you see; See what you pip!
  • #9,367
  • Apr 9, 2009 10:48am Apr 9, 2009 10:48am
Quoting windelevel
Hello friend,
I will test this indicator ...

Thank you for the tip ...

Be careful with this indicator as it repaints to fit the chart. Besides, it does not tell anything more than what PA and THV are already telling you. So it is useless as a filter or entry/exit signal.
  • #9,368
  • Apr 9, 2009 1:04pm Apr 9, 2009 1:04pm
lyvlyfe, thanks for the tip, that sounds right as it would put zero in the center. However, I was gone for several hours and came back to find that the indicator had fixed itself; I don't understand that but I,m not complaining. I'll keep it in mind.
Attached Image (click to enlarge)
Click to Enlarge Name: ym 2.gif Size: 43 KB
  • #9,369
  • Apr 9, 2009 1:39pm Apr 9, 2009 1:39pm
Quoting Delage
lyvlyfe, thanks for the tip, that sounds right as it would put zero in the center. However, I was gone for several hours and came back to find that the indicator had fixed itself; I don't understand that but I,m not complaining. I'll keep it in mind.

No problem! I'm happy that I could finally answer rather than ask a question!!
  • #9,370
  • Apr 9, 2009 2:38pm Apr 9, 2009 2:38pm
Don't waste your time. This indicator 'repaints' significantly; it's useless !!! (I know from personal experience)

Recently Cobra "suggested" not adding any other indicators to the THV method or even wasting time discussing them in this thread. That's good advice because there is a "TEAM" of THV traders that are continually looking for ways to improve an already great trading method.

I 'suggest' that the less experienced traders spend their precious time learning from those who have already demonstrated that they "know" how to THV trade successfully. There are a few in this thread; look at their charts and read their posts. You'll learn a lot !!! Stop chasing after the 'perfect' indicator; it's NOT out there because they ALL lag. Use PA and trade what you see!

Quoting windelevel
Hello friend,
I will test this indicator ...

Thank you for the tip ...
  • #9,371
  • Apr 9, 2009 2:53pm Apr 9, 2009 2:53pm
Quoting BeachBum
...Stop chasing after the 'perfect' indicator; it's NOT out there because they ALL lag. Use PA and trade what you see!
You are better off spending your time on strengthening your psyche. Mental errors are the traders biggest enemy, not lack of the "right" indicators. If doblece wasn't so busy I would ask her to expand on that...but she has done so before. Spend some time reading her posts - there are quite a few golden lessons there.
  • #9,372
  • Apr 9, 2009 3:08pm Apr 9, 2009 3:08pm
Quoting BeachBum
Don't waste your time. This indicator 'repaints' significantly; it's useless !!! (I know from personal experience)

I 'suggest' that the less experienced traders spend their precious time learning from those who have already demonstrated that they "know" how to THV trade successfully. There are a few in this thread; look at their charts and read their posts. You'll learn a lot !!! Stop chasing after the 'perfect' indicator; it's NOT out there because they ALL lag. Use PA and trade what you see!
Sage advice from a Master.
Part of my intent from my posts and questions earlier today were for the less experienced traders with THV to 'think' about what they are seeing with the system. There is no need for further indys (outside the scope) to mess with charts and cloud what you see - it's all right there in front of you. Some time, some patience, some study and some guidance; all of which is offered here - (I am a perfect example); is what is needed to collect consistent pips with the THV3 system. Or, any system, for that matter.
Let those who know what they are doing make this better; those who don't: practice to make yourself better.
Pip what you see; See what you pip!
  • #9,373
  • Apr 9, 2009 3:17pm Apr 9, 2009 3:17pm
Quoting BeachBum
Recently Cobra "suggested" not adding any other indicators to the THV method or even wasting time discussing them in this thread. That's good advice because there is a "TEAM" of THV traders that are continually looking for ways to improve an already great trading method.
Thanks for the post BB, well said.

The most important on the charts is the PA, as more indicators that clutter your chart as less you will notice the action.

The Trix is the heart of the system like I mentioned before, it gives you an idea where PA might go before you can notice it on the HA candles.

The MTF indicators tell you in which condition is the trix and cloud in other TF's.

That together with the main chart window should be enough to take a valid trading decision.

We, the THV Team, are working constantly on new filters and back and forward test them before release.

Have a great day/night


For the advanced traders: I would like to invite you to visit this thread: http://www.forexfactory.com/showthread.php?t=161044
  • #9,374
  • Apr 9, 2009 3:59pm Apr 9, 2009 3:59pm
Thanks for the direction, Cobra. Not many posts there, trying to read them all in one take, but couldn't do it; still have problem understanding the 'mechanics' behind this idea. I certainly will have several go at it again. Looks quite interesting for sure. It's 4:58am now, I'm brain dead already....Take care

Have a good one
Jeff

Quoting cobraforex
For the advanced traders: I would like to invite you to visit this thread: http://www.forexfactory.com/showthread.php?t=161044
~*~You are only one trade away from humility~*~
  • #9,375
  • Apr 9, 2009 6:02pm Apr 9, 2009 6:02pm
Hello with all.

Can you please translate file THV MTF Rules.pdf into French.
It set what PA?

  • #9,376
  • Apr 9, 2009 6:51pm Apr 9, 2009 6:51pm
I am testing your system on higher timeframes and it seems working quite good.

Is anybody else already tested on Higher timeframes, like 4h, daily, weekly?

When I look at weekly chart there is an error alert, coming from the SDX-TzPivots_v4 indicator: is it possible to take the error message out or means that indicator not reliable on a weekly chart?

Very good system and good team.

Thanks
  • #9,377
  • Apr 9, 2009 8:33pm Apr 9, 2009 8:33pm
I have looked at it on all time frames and Ive noticed that the bullish/bearish divergance is on, a high percentage of the time 1hr or higher.
Quoting robmanz
I am testing your system on higher timeframes and it seems working quite good.

Is anybody else already tested on Higher timeframes, like 4h, daily, weekly?

When I look at weekly chart there is an error alert, coming from the SDX-TzPivots_v4 indicator: is it possible to take the error message out or means that indicator not reliable on a weekly chart?

Very good system and good team.

Thanks
  • #9,378
  • Apr 9, 2009 11:47pm Apr 9, 2009 11:47pm
Quoting fungraphic
Hello with all.

Can you please translate file THV MTF Rules.pdf into French.

No, only in German and Spanish if I'm in mood to do so.
  • #9,379
  • Apr 10, 2009 12:06am Apr 10, 2009 12:06am
Quoting jharteam
Thanks for the direction, Cobra. Not many posts there, trying to read them all in one take, but couldn't do it; still have problem understanding the 'mechanics' behind this idea. I certainly will have several go at it again. Looks quite interesting for sure. It's 4:58am now, I'm brain dead already....Take care

Have a good one
Jeff
A new thread is opened and will give more insight in the future

http://www.forexfactory.com/showthre...79#post2662179

Stay tuned Jeff.
  • #9,380
  • Apr 10, 2009 12:17am Apr 10, 2009 12:17am
Thank you very much again for the link, Cobra. Real good stuff there! Take care.

Have a good one
Jeff


Quoting cobraforex
A new thread is opened and will give more insight in the future

http://www.forexfactory.com/showthre...79#post2662179

Stay tuned Jeff.
~*~You are only one trade away from humility~*~
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