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THV system, final edition

  • #9,701
  • Apr 17, 2009 4:09am Apr 17, 2009 4:09am
Does this form part of the new Multiindi method written by misspips?

I see some use it some do not.

rgds

Rob
  • #9,702
  • Apr 17, 2009 5:28am Apr 17, 2009 5:28am
Quoting cobraforex
This is the typical newbee career, I and most others have done so (At least in parts) and many others will do so in the future. I never blowed an account because I filled it on time, lol.

The beginner time
Starting with a demo and buying when price goes up and selling when it’s going down. Everything fine that’s the way to do it, having monopoly money profit and opening a live account. I will be a Forex millionaire and I’m ready to make that pips.

The indicator time
Chart full of indicators, poor...
Yup..that is so darn true. Those times tht i fell, i would pick up those broken pieces and glued it back together. Man that is tough. There was a point when the only 'hope' that kept me going was the fact that only 5% of traders succeed in forex and the thought of me amongst tht 5% was the only hope that kept me going. I have read some of your threads and will back test it on demo. Thanks again for sharing. Appreciate it!!
  • #9,703
  • Apr 17, 2009 6:23am Apr 17, 2009 6:23am
Quoting roziex
hi anyone knows why indicator THV sonic cannot show properly even i was updated my MT4 build 214?

plz help
Hi roziex

Can you maybe resize your chart as it is causing the page to be too wide. Best is to use the 'attach files' option which will automatically adjust the image size.

Thanks
  • #9,704
  • Apr 17, 2009 7:44am Apr 17, 2009 7:44am

Hello friends,

I just make a trader is wrong.
I wonder if I made a mistake. I believe I did everything right and entered correctly on the sign.

- Trix crossed up
- 7 lights on green TrixHisto
- PA above the Coral


What do you think?

Thanks

Attached Image (click to enlarge)
Click to Enlarge Name: lost.jpg Size: 374 KB

I am Brazilian and I never give up!
  • #9,705
  • Apr 17, 2009 8:28am Apr 17, 2009 8:28am
I'm enjoying the higher TFs. Set these trades before I left work yesterday, went home enjoyed the family, went to bed to wake up to this.

Better than the morning coffee.

I use the Higher TFs for divergence, THV trix on M5 or M15 to enter once I see a Gartley or zigzag (price extreme).

McD

Karun, I watch 6 pairs on M30 to H4, with an alert set on my zup indicator, trade the divergence.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU 4172009.gif Size: 49 KB
Click to Enlarge Name: UC 4172009.gif Size: 50 KB
  • #9,706
  • Apr 17, 2009 8:51am Apr 17, 2009 8:51am
Quoting DrMcDDC
I'm enjoying the higher TFs. Set these trades before I left work yesterday, went home enjoyed the family, went to bed to wake up to this.

Better than the morning coffee.

I use the Higher TFs for divergence, THV trix on M5 or M15 to enter once I see a Gartley or zigzag (price extreme).

McD

Karun, I watch 6 pairs on M30 to H4, with an alert set on my zup indicator, trade the divergence.
Thanks Doc!
Have a question on your SL. I think I understand your rationale for that SL price, it was just few pips above the recent bullish candle and mr1 and also the pshyc number 1.3200. Please correct me if I'am wrong. But don't you think around 30 pip of SL is a tight one for H1 tf (EU Chart)?

Thanks
Karun
  • #9,707
  • Apr 17, 2009 9:14am Apr 17, 2009 9:14am
Quoting windelevel

Hello friends,



I just make a trader is wrong.
I wonder if I made a mistake. I believe I did everything right and entered correctly on the sign.



- Trix crossed up

- 7 lights on green TrixHisto
- PA above the Coral



What do you think?


Thanks


Attachment

Hello, I am not sure if you are struggling with your entries but this may help.
I see you entered on a 1 min chart. I also see that your 5 min fast trix was Green/ and 5 min slow trix was also Green and crossed but your 15 min was not yet crossed even though they were also both green on the trixs. I like to wait for those types of entries when the 15 min fast is at or above the 0.0 line. I have been burned there too so it may just make more sense for you to wait or at least have a cross on your 15 min trixes which yours were not yet crossed and therefore it reveresed and you get burned.

I do not see any entries long yet for the day... If you trade converativly.

Hope this helps. Also if you can when you post your chart can you please say what time zone you are in so it can be easier to locate the trade if you are requesting help... I see you took your trade around 8:22 EST. Is this correct. Please verify, so I can make sure my help is accurate.
D~
Without vision, the people will perish.
  • #9,708
  • Apr 17, 2009 9:24am Apr 17, 2009 9:24am
Use my EU chart for the better example. The UC spread was really high and I wasn't happy with the accuracy of the trade, its currently up 33 pips so not complaining too much, but should have been a much better entry.

I put the stop just above the price extreme on my zz indicator there, You actually get very little drawdown if any on the larger charts doing that. Watch PA and the next candle to time your entry, if PA is changing before the new one forms I will enter (riskier) watch the faster trix on your thv chart if you want to confirm.

On the UC i put that stop below a pivot point, if bullish it wont break it.

Becoming more patient and having confidence in your trading plan is most important, take what the market gives you and move on.

I like the higher TFs, you take less trades, you have to have more patients, but are much more rewarding when you guess right.

McD
  • #9,709
  • Apr 17, 2009 9:39am Apr 17, 2009 9:39am
Quoting windelevel

Hello friends,

I just make a trader is wrong.
I wonder if I made a mistake. I believe I did everything right and entered correctly on the sign.
- Trix crossed up
- 7 lights on green TrixHisto
- PA above the Coral


What do you think?
Thanks
I'm not trading this market but what 'jumps' off you chart to me...
If you look at the lower high just previous to where you anchor
your downsloping trendline...compare this high to the high where
you entered the trade, then look at the fast trix slope. You entered
right in the face of divergence...sometimes this works and sometimes
it will bite ya.
Listen to the whispers.... You may learn something
  • #9,710
  • Apr 17, 2009 9:40am Apr 17, 2009 9:40am
Quoting DrMcDDC
Becoming more patient and having confidence in your trading plan is most important.....
More than any indicator or system, this mindset is your best friend. Train yourself well in these areas and you are sure to succeed.

Thanks Dr. McD
  • #9,711
  • Edited 10:14am Apr 17, 2009 9:58am | Edited 10:14am
Hi windelevel,

I can see two mistakes. The tested setup uses 1m f 5m f , 5m s, 15 f , 30m f, 30m s, 60m f for the trix and also the Ichicmoku 5 and 15 to get the points. If you had been using that setup, I believe from what I see on your chart that you would have had an entry earlier, where I drew the red vertical line because you have 5 green lights there and the 1m trix is still fast. (I was off work today so I can't see the realtime data on my charts.) Also the tested setup uses the mtf cloud histogram to count points and I believe you had another green light there. So that is where you should have entered, and you would have had 10 pips. In addition, the rules state - do not trade in front of opposing divergence, which you had, where I drew the red slanting bars. So that was not a good place for an entry.






Quoting windelevel

Hello friends,








I just make a trader is wrong.
I wonder if I made a mistake. I believe I did everything right and entered correctly on the sign.



- Trix crossed up


- 7 lights on green TrixHisto


- PA above the Coral







What do you think?


Thanks


Attachment

Attached Image (click to enlarge)
Click to Enlarge Name: lost.png Size: 288 KB
  • #9,712
  • Apr 17, 2009 9:59am Apr 17, 2009 9:59am
Quoting personalme
EJ attempt to break 130.00 number for the third time.
Cheers to you all who made a short call.
Serious downmove here...
Been in and out several times, trading the downside and scalping the retracements.

Exited on the 28.90~28.85 failure while trying to post this...struggling to clear this level. Gotta check on my entry premission's again.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ-04-17-am.jpg Size: 463 KB
Listen to the whispers.... You may learn something
  • #9,713
  • Apr 17, 2009 9:59am Apr 17, 2009 9:59am
Quoting DrMcDDC
Becoming more patient and having confidence in your trading plan is most important, take what the market gives you and move on.
.....
I like the higher TFs, you take less trades, you have to have more patients, but are much more rewarding when you guess right.
Tell me about it , I think my entry decisions are good ones, but for some reason I dont have confidence in my decisions and usually settle for less or get afraid and close at break even, only to realize later if I had stayed it would have been a lot more profitable. To give an idea I have closed my shorts on EU from 1.32176,1.32661, 1.31603 and so on... with little profit or break even and EU is at 1.305xx at this time . The same story with EJ .

On analysing my trading style more, I did figure out that I dont have a trading plan actually. I start my entry with 1M/5M and keep switching TF's and start questioning my decisions etc etc., you name everything I keep doing. First thing I need to setup my trading style and a plan on what and how do I want to trade. This will be my task for the weekend.

Hope to start next week in a better note!
  • #9,714
  • Edited 10:19am Apr 17, 2009 10:09am | Edited 10:19am
Quoting Scrutch
Serious downmove here...
Been in and out several times, trading the downside and scalping the retracements.

Exited on the 28.90~28.85 failure while trying to post this...struggling to clear this level. Gotta check on my entry premission's again.
I think if we break 128.70 successfully then it will be a further downward journey all the way down to 126.50 area, lets what happens...
Attached Image (click to enlarge)
Click to Enlarge Name: ej30m.gif Size: 35 KB
  • #9,715
  • Apr 17, 2009 10:12am Apr 17, 2009 10:12am
Is it possible to have an HISTO BAR for divergence. Can someone from coders code an indie that can show upcoming divegence ?. I know TRIX already shows divergence but...IMO it will be more visual and helpfull to have an histo bar like when PA & Trix going in same way (for example down)- show for PA red bars and for trix if in direction(no div) too red bars. If Divergence is starting to form (PA down, Trix up) change Trix DIV histo BAR into green . Just a thought . Thanks.
  • #9,716
  • Apr 17, 2009 10:18am Apr 17, 2009 10:18am
I posted one earlier in the thread. See post 9566 on page 638.

Quoting Wlfx
Is it possible to have an HISTO BAR for divergence. Can someone from coders code an indie that can show upcoming divegence ?. I know TRIX already shows divergence but...IMO it will be more visual and helpfull to have an histo bar like when PA & Trix going in same way (for example down)- show for PA red bars and for trix if in direction(no div) too red bars. If Divergence is starting to form (PA down, Trix up) change Trix DIV histo BAR into green . Just a thought . Thanks.
  • #9,717
  • Apr 17, 2009 10:24am Apr 17, 2009 10:24am
Quoting roziex
hi anyone knows why indicator THV sonic cannot show properly even i was updated my MT4 build 214?

plz help
You need an additional indicator called by sonic slope in the expert/indicator folder:

You're working with V1, nothing wrong with that, only a bit nostalgic.
Attached File(s)
File Type: mq4 Slope Direction Line.mq4   4 KB | 724 downloads
  • #9,718
  • Apr 17, 2009 10:27am Apr 17, 2009 10:27am
Anyone know how or try to code this in Ninjatrader? I like to trade CME euro, moves same, bigger pip value and less commission v the spread.
Thanks
  • #9,719
  • Apr 17, 2009 10:28am Apr 17, 2009 10:28am
Quoting karun
On analysing my trading style more, I did figure out that I dont have a trading plan actually. I start my entry with 1M/5M and keep switching TF's and start questioning my decisions etc etc., you name everything I keep doing. First thing I need to setup my trading style and a plan on what and how do I want to trade. This will be my task for the weekend.
Karun,
Write your trading plan down...step by step. I know this sounds a bit like 3rd grade but it really helps. Make a list of what you want to see happen and then check off each one as they happen. Keep a journal of why you took the trade and what happened as the end result. Again, this sounds a bit 3rd gradish but it will help.

Quoting karun
I think if we break 128.70 successfully then it will be a further downward journey all the way down to 126.50 area, lets what happens...
Some serious resistance around 128'ish to overcome first and it's strugglng with the 28.90~28.85 area again as I post. Time will show us the way.
Listen to the whispers.... You may learn something
  • #9,720
  • Apr 17, 2009 10:34am Apr 17, 2009 10:34am
Quoting rob24hrs
Does this form part of the new Multiindi method written by misspips?

I see some use it some do not.

rgds

Rob
When you use THV MTF indicators better delete the trend indi, I never used it to make a trading decision and the new indicators coded by MissPips are way better to determinate the trend.
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