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THV system, final edition

  • #9,481
  • Apr 13, 2009 10:35am Apr 13, 2009 10:35am
This is my current setup. There has been talk of a new release which I don't think is out. just to review. We enter with direction of Coral and when we have 6 lights in right direction. Also I read the top 6 lights so that is up to trader's discretion? I think I am on track with that set of rules.
And do most have a fixed TP ? I guess that is dicretionary as well. Thanks a lot for this tpl!
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  • #9,482
  • Apr 13, 2009 10:47am Apr 13, 2009 10:47am
Hello, newbie here, I just have a couple of questions on the info panel. Could someone please explain the:
High to Low
Daily Average
ATR
I think I might know but I would like confirmation of these items please, thanks and great system.
  • #9,483
  • Apr 13, 2009 10:48am Apr 13, 2009 10:48am
On the 1m it was tested that 2 points have to come from the 1m f and 5m f, and the other four points can come from any of the other 8 rows. It was tested with a s/l of 15 or the ATR suggestion whichever is higher and a 10 pt target. I think a lot of folks manage the trade and go for more than 10.

Take the trade when PA breaks the cloud and the coral.

Exceptions to the rules are:
Dont trade in front of opposing divergence (i.e. dont short if you see a long divergence and vice versa)
Also, if you are experienced you can trade divergence plays. In that case, the divergence itself counts for 4 points, and one other point should come from the 1m f row. Take the trade when PA falls below the cloud in that case, but don't wait more than 3 or 4 bars from the point of the divergence to take the trade.

Quoting stifland
This is my current setup. There has been talk of a new release which I don't think is out. just to review. We enter with direction of Coral and when we have 6 lights in right direction. Also I read the top 6 lights so that is up to trader's discretion? I think I am on track with that set of rules.
And do most have a fixed TP ? I guess that is dicretionary as well. Thanks a lot for this tpl!
  • #9,484
  • Apr 13, 2009 10:52am Apr 13, 2009 10:52am
thanks misspips!!
  • #9,485
  • Apr 13, 2009 10:58am Apr 13, 2009 10:58am
Quoting MissPips
On the 1m it was tested that 2 points have to come from the 1m f and 5m f, and the other four points can come from any of the other 8 rows. It was tested with a s/l of 15 or the ATR suggestion whichever is higher and a 10 pt target. I think a lot of folks manage the trade and go for more than 10.

Take the trade when PA breaks the cloud and the coral.

Exceptions to the rules are:
Dont trade in front of opposing divergence (i.e. dont short if you see a long divergence and vice versa)
Also, if you are experienced you can trade divergence plays....

Do we need to wait for the trix to cross first??
  • #9,486
  • Apr 13, 2009 11:05am Apr 13, 2009 11:05am
Is this the end of it or we go for another round to 1.34s
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  • #9,487
  • Apr 13, 2009 11:09am Apr 13, 2009 11:09am
Quoting ZieG
Do we need to wait for the trix to cross first??
Trix cross is not necessary, but best trade set ups occur when trix has crossed.
  • #9,488
  • Apr 13, 2009 11:20am Apr 13, 2009 11:20am
Quoting tracom
Hello, newbie here, I just have a couple of questions on the info panel. Could someone please explain the:
High to Low
Daily Average
ATR
I think I might know but I would like confirmation of these items please, thanks and great system.
High to low = pips between hi and low of the day
Pips to open = how many pips market has moved since day open
ATR = Average true PIP range of the last 20 candles. It is shown as 3 times the ATR
Daily Average = daily average pip range of last x number of days. It measures average volatility of the pair.

None of these are relevant how THV is used for taking trades.
  • #9,489
  • Apr 13, 2009 12:03pm Apr 13, 2009 12:03pm
Hey thanks Kert
  • #9,490
  • Apr 13, 2009 12:17pm Apr 13, 2009 12:17pm
5 fast

5 slow

15 fast

60 fast

likewise for 15

15 fast

15 slow

30 fast

60 fast

And only for EUR/USD as I've found other pairs react different and I use diff settings.....

And as far as "sharing" other indicators outside the THV system, you can send me a PM and I will email them to you privately---THV is a fantastic system in and of itself--and this thread should only be about THV and the indicators used with it.

I'm just too lazy to remove my indies I use w/ THV...I should have a chart just with them when I post my trades.

I call my setup Forex for Dummies as I really don't care for or like the technical aspect of Forex...and I hate numbers. I do however, like colors and patterns.

And for the down swing PA is looking at a break in trendline at 1.3355
  • #9,491
  • Apr 13, 2009 12:28pm Apr 13, 2009 12:28pm
Quoting alsmith
I'm just too lazy to remove my indies I use w/ THV...I should have a chart just with them when I post my trades.
I call my setup Forex for Dummies as I really don't care for or like the technical aspect of Forex...and I hate numbers. I do however, like colors and patterns.
welcome aboard and please participate. Many of us here have another chart we refer to for r/s; t/l's; fibs; pattern recognition and other indy's we've become accustomed to for ourselves. And there is no problem posting them, though it should be referenced along side how you see and trade regarding the THV - it will help one and all -
Pip what you see; See what you pip!
  • #9,492
  • Apr 13, 2009 12:32pm Apr 13, 2009 12:32pm
Quoting SeerEye
welcome aboard and please participate. Many of us here have another chart we refer to for r/s; t/l's; fibs; pattern recognition and other indy's we've become accustomed to for ourselves. And there is no problem posting them, though it should be referenced along side how you see and trade regarding the THV - it will help one and all -
I appreciate the warm welcome, but in all due respect to Cobra, Doblece, MissPips, and everyone else involved with THV and all the long hours they've put into their system and the tools [indicators] that go with them, I really think if people have a request for indicators seen on others' charts they should be asked for privately.

No disrepect or hard feelings.

  • #9,493
  • Apr 13, 2009 12:33pm Apr 13, 2009 12:33pm
Quoting alsmith
I call my setup Forex for Dummies as I really don't care for or like the technical aspect of Forex...and I hate numbers. I do however, like colors and patterns.
sweet
  • #9,494
  • Apr 13, 2009 12:44pm Apr 13, 2009 12:44pm
OK...as of Monday 17:43 GMT

downward needs to break 1.3360 area

if break 1.3380 it's another rally up.

Market's peetering out though...so downward move is imminent.
  • #9,495
  • Apr 13, 2009 12:53pm Apr 13, 2009 12:53pm
Hey everyone
I'm new to thread and really like what I see. Could someone please post ATR indicator that calculates stop loss. Must have missed it somewhere.

Thanks
Mombone
  • #9,496
  • Apr 13, 2009 1:07pm Apr 13, 2009 1:07pm
Quoting Mombone
Hey everyone
I'm new to thread and really like what I see. Could someone please post ATR indicator that calculates stop loss. Must have missed it somewhere.

Thanks
Mombone
It is on the THV3 InfoPanel indicator. Go to the first page and download the zip package.
Manage your risk accordingly and you're half done your home work.
  • #9,497
  • Apr 13, 2009 1:21pm Apr 13, 2009 1:21pm
What setting do I change so that I can go back more then 2-3 days on the 5min and still get the indicators?
Keep taking CT trades, I need more money
  • #9,498
  • Apr 13, 2009 1:27pm Apr 13, 2009 1:27pm
Quoting personalme
It is on the THV3 InfoPanel indicator. Go to the first page and download the zip package.
Got it
Thanks
Mombone
  • #9,499
  • Apr 13, 2009 1:29pm Apr 13, 2009 1:29pm
Quoting Ryanmcd
What setting do I change so that I can go back more then 2-3 days on the 5min and still get the indicators?
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Just don't put the number too big. It will drain your CPU resource.
Manage your risk accordingly and you're half done your home work.
  • #9,500
  • Apr 13, 2009 1:58pm Apr 13, 2009 1:58pm
I am having a problem with the THV 2 4 Trix History indicator.
It stays solid green on all time frames from the beginning of the chart
until the end, whether the trend is up or down. I am using it on the 15 min timeframe.

Any suggestions?
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