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THV system, final edition

  • #9,521
  • Apr 13, 2009 10:15pm Apr 13, 2009 10:15pm
looks like 1h 200 ema stopped it for now
so lets see if we get a nice run up
but it will proberly range until frankfurt
but if break below 132.60 we would poss see 131.50-131
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  • #9,522
  • Apr 13, 2009 10:15pm Apr 13, 2009 10:15pm
Hello Tater,

Was also looking to trade higher TF but couldnt find good strategy!
very intersting info. Do you use the latest version of THV?
What is exactly your strategie?
You entry if 4 hr candle cross chart?
what SL are u using.

Could you post your chart?

thanks a lot and happy trading

piptiger
  • #9,523
  • Apr 13, 2009 10:47pm Apr 13, 2009 10:47pm
I am keeping my stoploss below the clouds. I move it up as the clouds move up. I am also only trading a Micro account because I am new to forex. My stoploss on E/U is currently 1.3241 and the Cable is 1.4712. I have just added 2 micros on the last 15 min candle on both pairs and I do expect E/U to hit 1.3520 by morning.

Jim

Quoting piptiger
Hello Tater,

Was also looking to trade higher TF but couldnt find good strategy!
very intersting info. Do you use the latest version of THV?
What is exactly your strategie?
You entry if 4 hr candle cross chart?
what SL are u using.

Could you post your chart?

thanks a lot and happy trading

piptiger
  • #9,524
  • Apr 13, 2009 11:58pm Apr 13, 2009 11:58pm
10 pip trade
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  • #9,525
  • Edited 12:20am Apr 14, 2009 12:08am | Edited 12:20am
Edit. G/U long 2nd trade
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  • #9,526
  • Apr 14, 2009 1:19am Apr 14, 2009 1:19am
Quoting cobraforex
Hope it's raining some more pips.
The rain has just begun. Heads on and go surf!
Manage your risk accordingly and you're half done your home work.
  • #9,527
  • Apr 14, 2009 3:12am Apr 14, 2009 3:12am
just to confirm ... on M1

i use 1F,5F,15F,30F and 60F, 5S, 15S, 30S for trix histo
i use 5,15 for cloud histo

for valid 'long' entry i need to wait for

1. 1F and 5F is green
2. Any 2 from other TF trix histo (doesnt matter what tf or set)
3. 5M and 15M cloud histo is green

is that correct ?

example :
the example below isnt valid right ? 1F and 5F is green and two of the other TF is green . but cloud histo is green and yellow
Attached Image (click to enlarge)
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  • #9,528
  • Apr 14, 2009 3:35am Apr 14, 2009 3:35am
Quoting cfp85

example :
the example below isnt valid right ? 1F and 5F is green and two of the other TF is green . but cloud histo is green and yellow
Yellow is ripe green color (neutral, the PA is in the cloud), you need to let your feeling play a bit in that cases.

But this long trade I wouldn't have taken due to the fast Trix below the slow one !!!!!

That always smells bad
  • #9,529
  • Apr 14, 2009 3:42am Apr 14, 2009 3:42am
aha .. didnt notice that one .. thanks
  • #9,530
  • Apr 14, 2009 4:27am Apr 14, 2009 4:27am
When you say 'valid', I want to remind you that the rules are valid for the EURUSD which is what they were tested the most, on the premise that it is the elephant in the room . For the other pairs, you may need to demo trade until you validate them, or may need to modify them to fit the nature of that particular pair

Quoting cfp85
just to confirm ... on M1

i use 1F,5F,15F,30F and 60F, 5S, 15S, 30S for trix histo
i use 5,15 for cloud histo

for valid 'long' entry i need to wait for

1. 1F and 5F is green
2. Any 2 from other TF trix histo (doesnt matter what tf or set)
3. 5M and 15M cloud histo is green

is that correct ?

example :
the example below isnt valid right ? 1F and 5F is green and two of the other TF is green . but cloud histo is green and yellow
Attachment
  • #9,531
  • Apr 14, 2009 4:30am Apr 14, 2009 4:30am
Quoting MissPips
When you say 'valid', I want to remind you that the rules are valid for the EURUSD which is what they were tested the most, on the premise that it is the elephant in the room . For the other pairs, you may need to demo trade until you validate them, or may need to modify them to fit the nature of that particular pair
i see . then better stick to EU then ..
  • #9,532
  • Apr 14, 2009 4:42am Apr 14, 2009 4:42am
You can trade the others, but I would just advise doing some of your own testing first to see what needs to be adapted.

Quoting cfp85
i see . then better stick to EU then ..
  • #9,533
  • Apr 14, 2009 5:06am Apr 14, 2009 5:06am
Quoting cobraforex
Yellow is ripe green color (neutral, the PA is in the cloud), you need to let your feeling play a bit in that cases.

But this long trade I wouldn't have taken due to the fast Trix below the slow one !!!!!

That always smells bad
Hi Cobra what you mean when saying "fast Trix below the slow one" ?
Maybe it is about fast is crossing above 0 line ???because for long trade it must be below slow.
  • #9,534
  • Apr 14, 2009 5:15am Apr 14, 2009 5:15am
Quoting cfp85
i see . then better stick to EU then ..
I trade EJ and GU lately. Same rule looks valid also so far.
Manage your risk accordingly and you're half done your home work.
  • #9,535
  • Apr 14, 2009 5:47am Apr 14, 2009 5:47am
EU M5 Chart: For now, to me it seems 1.3200 is a likely target. This "zoomed out" M5 chart shows the now familiar H&S which got us turned around and heading south. The top most black S&R line is now resistance again after much battling around it. We have a Bollinger pinch and the PA break out should be down. The two lower black S&R lines are important in that they have both acted in the recent past as both support and as resistance. They bracket the Daily support S1 = 1.3200, which is why I am feeling this is the area the PA is headed to, and where it will go into more sideways consolidation prior to another move down. Just my hypothesis.
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  • #9,536
  • Apr 14, 2009 5:53am Apr 14, 2009 5:53am
Quoting personalme
I trade EJ and GU lately. Same rule looks valid also so far.
thanks for that info.. gonna try on demo for a few days with EJ M5 .. M1 too fast for me
  • #9,537
  • Apr 14, 2009 6:05am Apr 14, 2009 6:05am
good divergence and big bullish butterfly formed on 15'
and i have a qestion, when i take a position for all light on for the histo, and one of tham change color while i am in the trade what should i do?


and take a look for a good laugh
Inserted Video
  • #9,538
  • Apr 14, 2009 6:42am Apr 14, 2009 6:42am
Hi guys, I updated my THV template to the latest available on first page and it looks as attached.

Notice its missing the multi-colored histo and also the very nice Info Panel with pip high low, ATR, etc.

Can advise how do I get my chart up to date?

Thanks!
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  • #9,539
  • Apr 14, 2009 6:57am Apr 14, 2009 6:57am
Quoting protyne
Notice its missing the multi-colored histo and also the very nice Info Panel with pip high low, ATR, etc.
Can advise how do I get my chart up to date?
MTF indicators w manual.zip
  • #9,540
  • Edited 8:04am Apr 14, 2009 7:43am | Edited 8:04am
Thanks cfp85!

I have another question. The exit rules states "Faster Trix changes color and/or touch of a known good resistance/support level."

So do I ignore the ATR stating a minimum of 19 pips S/L and still exit the trade once the faster trix (thicker one) turns color?

Thanks
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