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THV system, final edition

  • #9,661
  • Apr 16, 2009 11:15am Apr 16, 2009 11:15am
Quoting alsmith
You can't use the same settings for the trix histobars in different TF's-ESPECIALLY smaller TF's into bigger TF's

What I have on my 1 and 5 only because it forms a clearer pattern, official THV settings found in *.PDF with system

1M chart

1M Fast
5M Fast
15M Fast
1M slow


5M slow
30M fast
15M slow
30M slow

5 Minute

5M fast
5M slow
15M fast
60M fast

15M slow
30M fast
30M slow
60M slow
Hi there,

Interesting settings for the Histograms. Are you still sticking to the first two rows the same color, and a total of 6 lights. Are you waiting for a Trix cross?

Or, can you post your basic entry rules based on these settings?

Thanks
Without vision, the people will perish.
  • #9,662
  • Apr 16, 2009 11:17am Apr 16, 2009 11:17am
hi all trader on thv thread that i respected. I have question about forex market. i heard that "scalping 1M or 5M time frame is dangerous for newbie/rookie in forex market".
1. is that statement true?
2.how about the winning percentage using this strategy?
thanks all for the comment/explanation
  • #9,663
  • Apr 16, 2009 11:31am Apr 16, 2009 11:31am
Ok, this is an off-topic question.

Does any body trade multiple currency pairs at the same time? especially in the shorter TF like 5M/15M. If so, how do you manage it?

Thanks
Karun
  • #9,664
  • Edited 11:51am Apr 16, 2009 11:40am | Edited 11:51am
Hi all,

I have this system running on my computer, looks promising. I just want to thank all the people that are involved with the building of this system. I have a couple of questions, I tried to read most of the posts.

When going for a long position, does it matter where both the Trix lines are green, can they be green above and below the 0.0000 line?

If the Trix lines have crossed a little while back, and are green, and now only do the green candles go above the coral or cloud, is it still wise to put in a long trade?

Must the green candle close above the cloud to be valid? Or can it just touch or penetrate and go down again?

http://www.forexfactory.com/C:%5CDoc...question_1.jpgOn my current chart the trix lines crossed just below the 0.0000 line, they turned red, the trend indicator was red or yellow, and the candle was red at the time, but the trade is going against me. It is beneath the coral line. There is the word "Analyze Buy" next the trix lines. Do you guys think because it said buy, and all other indicators said sell is the reason for my trade going against me?

I would appreciate it if someone could answer my questions.

Thanks
Brendan
  • #9,665
  • Apr 16, 2009 11:46am Apr 16, 2009 11:46am
i am still learning
had a good run for 50 pips earlier today but my last trade went sour within a couple of candles.

AZBOfin
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  • #9,666
  • Apr 16, 2009 11:58am Apr 16, 2009 11:58am
EU M5 Chart: PA remains in and about S&R zone. FE is tweaked to match current range, and note that FE 100% aligns nicely with S2, and FE 262% aligns nicely with S3. Already, the marker movers took on some more shorts which caused the PA to drop. However, they have pumped it back up since then. We are coming to the close of lunch hour.....maybe something more interesting willl take place.
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  • #9,667
  • Apr 16, 2009 12:01pm Apr 16, 2009 12:01pm
Quoting karun
Ok, this is an off-topic question.

Does any body trade multiple currency pairs at the same time? especially in the shorter TF like 5M/15M. If so, how do you manage it?

Thanks
Karun
Hi,
Not sure I fully understand your question. I trade the EURUSD, EURGBP, USDCHF on London, using M15 TF. M5 TF is used for entry/exit. Occasionally I also trade USDJPY but don't seem to get on very well with this pair - probably better after London close.

No problem watching 3 or 4 pairs on the M15 TF, plenty of time to react.

Does this help somehow?

BTW check out posts from BeachBum who I think trades many more pairs than this - search this thread for his posts.

Happy trading
  • #9,668
  • Apr 16, 2009 12:16pm Apr 16, 2009 12:16pm
Quick question....how can I have the THV MTF Cloud Histogram reflect the 1M and 5M time frames. Currently, if I have a 1M chart open it shows the M15 & M5 cloud time frames? Thx.
  • #9,669
  • Edited 12:38pm Apr 16, 2009 12:26pm | Edited 12:38pm
EU M5 Chart: Bingo! Looks like the big boys have put on their new shorts, locked the door, and are going downtown.....

Edit: Just as they were locking the door, some neighborhood longs came over and pointed out they were having a garage sale. The big boys went over and picked up some more shorts!
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  • #9,670
  • Apr 16, 2009 12:31pm Apr 16, 2009 12:31pm
Quoting ronm7d
hi all trader on thv thread that i respected. I have question about forex market. i heard that "scalping 1M or 5M time frame is dangerous for newbie/rookie in forex market".
1. is that statement true?
2.how about the winning percentage using this strategy?
thanks all for the comment/explanation
The hardest part as a noob is all about psychological mater. Follow the rule strictly, not jump on the gun, trade selectively and use money management on your trading. Soon after you build all of the correct behavior on your trade, everything will go smoother. I'm not saying you'll safe after that but it is getting easier day by day. I'm still on the learning curve btw.

And related to your question, generally the answer YES IT IS DANGEROUS THING FOR NOOB. Smaller TF means a lot of noise and also more emotional trading. Just ask yourself do you able to trade with SL bellow 10 pips. If you can't than stay away. There are some gifted people such as Cobra who able to trade on 1m TF successfully but I'm not one of them sure.
Manage your risk accordingly and you're half done your home work.
  • #9,671
  • Apr 16, 2009 12:43pm Apr 16, 2009 12:43pm
eur/usd short since 1.3181. still running.
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meine augen sind die sterne
  • #9,672
  • Apr 16, 2009 12:46pm Apr 16, 2009 12:46pm
Quoting macman
Hi,
Not sure I fully understand your question. I trade the EURUSD, EURGBP, USDCHF on London, using M15 TF. M5 TF is used for entry/exit. Occasionally I also trade USDJPY but don't seem to get on very well with this pair - probably better after London close.
Hi Macman. Maybe what Karun ask is how do you manage your position on those multiple currencies. I'm also trade on multiple currency but not as many as Beachbum . When I'm opening more than one pair, I usually part my chart into two parts on a specific TF I need (usually 3m TF). Not so hard though. But yeah, it is more bussy than managing one pair with double lot.
Manage your risk accordingly and you're half done your home work.
  • #9,673
  • Edited 1:44pm Apr 16, 2009 12:51pm | Edited 1:44pm
EU M5 Chart: First FE target hit, 100% level (1.3131). Then the obligatory pullback....

Edit: Down and up, down and up, down and up......it is all getting to be quite boring. The only consolation is, it is probably due to the big movers of the market needing all this price jockeying to close their longs, go short, and manipulate everyone else onto the wrong side of any planned big upcoming move..... Sheer speculation, which I am prone to do when I am bored.
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  • #9,674
  • Apr 16, 2009 2:08pm Apr 16, 2009 2:08pm
Hi everyone,

If someone would be kind enough to answer, I have a question with regards to the Trix Divergence indi.

How long does it take before the little arrow appears to signify the divergence? In other words, do we get the arrow immediately after the bar closes or do we have to wait a few more candles to get the arrow???

Many thanks

Dazzer
  • #9,675
  • Apr 16, 2009 2:19pm Apr 16, 2009 2:19pm
Hello Cobra , here is Dashlat , a persian guy to work hard on grate Cobra sys.
ready to test and try Cobra sys on EURGBP only and special in 60 min TF,

here is my first position,

God Bless .
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  • #9,676
  • Apr 16, 2009 2:53pm Apr 16, 2009 2:53pm
Quoting traderathome
in a downside environment never letting the PA go too low, lest the long buyers become
"unsuckerable".......
Listen to the whispers.... You may learn something
  • #9,677
  • Apr 16, 2009 3:01pm Apr 16, 2009 3:01pm
Quoting personalme
Hi Macman. Maybe what Karun ask is how do you manage your position on those multiple currencies. I'm also trade on multiple currency but not as many as Beachbum . When I'm opening more than one pair, I usually part my chart into two parts on a specific TF I need (usually 3m TF). Not so hard though. But yeah, it is more bussy than managing one pair with double lot.
Thank you Personalme and Macman. What I meant was, when I trade I usually have my current TF chart (say 5M) and 1 higer/analysis chart. If I trade another currency that means I'll have four charts and I dont like to keep flipping it up? Also when trading multiple pairs, I find it kind of difficult to analyse / follow the PA, wondering how to mange it.

Thanks
Karun
  • #9,678
  • Apr 16, 2009 3:12pm Apr 16, 2009 3:12pm
Quoting karun
Thank you Personalme and Macman. What I meant was, when I trade I usually have my current TF chart (say 5M) and 1 higer/analysis chart. If I trade another currency that means I'll have four charts and I dont like to keep flipping it up? Also when trading multiple pairs, I find it kind of difficult to analyse / follow the PA, wondering how to mange it.

Thanks
Karun
I don't do that sort of thing, but I am sure you are aware you can display more than one chart at a time in the MT4 window (example attached). Beyond that, if you have multiple monitors, you can download MT4 (saved under slightly changed names) multiple times and then run one each on a monitor, with each displaying more than one TF chart at a time.
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  • #9,679
  • Apr 16, 2009 3:17pm Apr 16, 2009 3:17pm
Quoting karun
Ok, this is an off-topic question.

Does any body trade multiple currency pairs at the same time? especially in the shorter TF like 5M/15M. If so, how do you manage it?

Thanks
Karun
Hi
I trade paralell EUR/USD and cable. I have:
1.on my PC ->charting platform - two chart 5 min eur and cable with simple THV setup (no mtf indy)and other stuff (forks, harmonic etc in diffrent windows)
2.on MAC -> transaction platform with only 2 chart - 1M THV with MTF indy + SHI or another chanell.
Usualy I take only one trade, but if setup for second pair is OK, I'm waiting when first position is "safe" (SL above BE) and take the second one
  • #9,680
  • Apr 16, 2009 3:49pm Apr 16, 2009 3:49pm
Quoting traderathome
I don't do that sort of thing, but I am sure you are aware you can display more than one chart at a time in the MT4 window (example attached). Beyond that, if you have multiple monitors, you can download MT4 (saved under slightly changed names) multiple times and then run one each on a monitor, with each displaying more than one TF chart at a time.
Thank TAH, Yes I'am aware of it. When I arrange my charts like that, I dont feel all that comfortable, may be its just individual's mentality. And watching / analysing PA for multiple pairs is even more confusing. I try to watch EU/EJ, may be I need to get a bigger monitor
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