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THV system, final edition

  • #9,721
  • Apr 17, 2009 10:37am Apr 17, 2009 10:37am
Quoting kjasni
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!!
I have some months with fx now, but would call myself still a newbie. I was recommended to read "trading in the zone". At least for me I can say it pointed out several contradictions in my mind and beliefs which influenced my trading decisions over and over.

Also the indicator collection process I gave up recently. I saw this as part in the learning curve, but the learning curve was mainly driven by the reason to avoid the unavoidable instead of building the base for my decisions, all caused by the belief to accept the risk but subconsciously not doing so.

Now I tell myself that anything can happen, each trade has a random outcome, but making "cobras risk disclaimer chapter 5" as basic trading framework resulting in consistent profits.

Nice weekend to all.
10 x 100 = 100 x 10, stefx, retired scalper.
  • #9,722
  • Apr 17, 2009 10:44am Apr 17, 2009 10:44am
Quoting bythepound
Hello,...

Hello friend,

The trader was 14:23 in the broker Alpari UK ... the 12:23 GMT ...

you are sure, TF M15 in the fast and slow Trix were below the line 0 ... I did not know that it was important

Now just noticed that there was a major channel in low-M15

Thank you for your help.
Have a great weekend.

Attached Image (click to enlarge)
Click to Enlarge Name: m15.jpg Size: 399 KB
I am Brazilian and I never give up!
  • #9,723
  • Apr 17, 2009 10:46am Apr 17, 2009 10:46am
Quoting cobraforex
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.
Thanks Cobra!
  • #9,724
  • Apr 17, 2009 10:47am Apr 17, 2009 10:47am
Quoting karun
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. ......
Maybe you just need to decide where YOU think PA is going to go - S/R, sweet spot, pivot etc then set your TP at that point and then DON'T TOUCH UNTIL YOU HIT IT.

If you get stopped out, find out why and remember nobody gets 100%. You will find that gradually you will be hitting TP points further and further away from your entry point as your confidence grows.

We have all been there ....
  • #9,725
  • Apr 17, 2009 10:48am Apr 17, 2009 10:48am
Quoting Scrutch
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.

Hello Friend,

Now I realized how important it is to respect the main trend in higher TF ...

Thanks for the help
Have a great end of week

I am Brazilian and I never give up!
  • #9,726
  • Apr 17, 2009 10:57am Apr 17, 2009 10:57am
Quoting macman
Maybe you just need to decide where YOU think PA is going to go - S/R, sweet spot, pivot etc then set your TP at that point and then DON'T TOUCH UNTIL YOU HIT IT.

If you get stopped out, find out why and remember nobody gets 100%. You will find that gradually you will be hitting TP points further and further away from your entry point as your confidence grows.

We have all been there ....
The problem is I havent got stopped out yet, I think I dont give enough room for the trade to breath, afraid of the loss (typical newbie thoughts). When I start to see a retracement I close at BE or with little profit.

TP, well that is a tough one to crack. Still trying to work it out. I think my main problem is not clearly defining what TF I want to trade. When I figure that out, things should fall in place.

Apologies for the completely offtopic discussion here.
  • #9,727
  • Apr 17, 2009 11:10am Apr 17, 2009 11:10am
Quoting Scrutch
... 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.
I don't think it is 3rd gradish to write down the plan (rules). I think writing down is the first step to really having a plan.

I also think keeping trade records with screenshot and notes is essential, at least in the phase where the trading strategy is built, although I am not yet consistent with this. How would you otherwise research that a negative trade worked out before already and there is probably nothing wrong, neither with the rules nor with the trade setup, just the unavoidable happened.

Just my 2 cents.
10 x 100 = 100 x 10, stefx, retired scalper.
  • #9,728
  • Apr 17, 2009 11:19am Apr 17, 2009 11:19am
Quoting MissPips
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...
Hello Friend,

I do not use the f 1m in Histo setup because it already appears as the Trix fast ... The 2 are the same, then it would be wrong not to use 2 indicators that show the same thing?

About the divergence, I had noticed the divergence in point A. .. But then, comes a new divergence in B, I thought it would be valid

Using the configuration of a manual, the right point of entry would be the same as I used, as indicated by the vertical green line.

If I had entered the Red vertical line, is wrong because that Hist Cloud was still red ... And even then the order would be at most 5 Pip positive.

I think my biggest mistake was that he entered into a Buy with a strong tendency in low-TF greater.

What do you think about all this that I wrote? Your opinion is very important to me.

Thanks for everything
Have a great end of week

Attached Image (click to enlarge)
Click to Enlarge Name: lost2.jpg Size: 377 KB
I am Brazilian and I never give up!
  • #9,729
  • Apr 17, 2009 11:38am Apr 17, 2009 11:38am
Quoting windelevel
Hello Friend,
... is wrong because that Hist Cloud was still red ... .
The hist cloud does not have to agree with your trade. 6 lights that agree with your trade can come from any of the hist boxes, as long as 2 of them are M1f and M5f.

The trade could have been taken just as PA came out of the cloud. You had 6 green lights and it was above the coral.
  • #9,730
  • Edited 12:12pm Apr 17, 2009 11:41am | Edited 12:12pm
i am new trader.please tell me about my mistake if there is
is it corect or not?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1-11.gif Size: 91 KB
Click to Enlarge Name: 1-15.gif Size: 64 KB
thanks erfan
  • #9,731
  • Apr 17, 2009 11:48am Apr 17, 2009 11:48am
Quoting erfan_hi
i am new trader.please tell me about my mistake if there is
is it corect or not?
Hello erfan,

Welcome to the thread.
Can you please resize your images or better to use attach files option to upload the images as FF will resize the image. The current image is so big that it is difficult to read the posts.

Thanks
Karun
  • #9,732
  • Apr 17, 2009 12:10pm Apr 17, 2009 12:10pm
Quoting cobraforex
If you can, wait some more days, there is a new MTF version to be released which got rid of the subwindow error code and I will compile a new package with screenshot and template(s).

And: thanks for the kind words.

here a screenshot, the chart still looks pretty clean.
dear cobarforex
first of all thank you for your grate system and share of it to us .i wrote most of post and saw this,could you correct last version of your system or not?
thanks alot
thanks erfan
  • #9,733
  • Apr 17, 2009 12:25pm Apr 17, 2009 12:25pm
Hi windelevel,

Tradewell is right. All you need is 6 points, and PA breaking the coral and cloud in the direction of the trade, on the timeframe you are trading. See attached pic. About the other divergence, this is something that is not in the manual because we wanted to keep it short, but the members of the THV team can confirm that I posted it on my screenshots during the month we forwared tested it:

There are two times I don't trade when I see divergence:

1) I don't like flat divergence. If I am going to trade around it (which is risky) I want it to look convincing. That is, I want to see PA clearly going up and the Trix clearly going down (or vice versa). Flat is too wishywashy for me, because divergence trades are riskier anyway.
2) I don't like when you have divergence in one direction, immediately followed by divergence in the other. To me, that says the market is choppy and I just stay out until it makes some kind of statement (like for example, crashing through a pivot or strong support.)

Sorry that that wasn't in the manual but we had some discussion and decided it was better to keep it short because there are millions of nuances that every trader has.


Quoting windelevel
Hello Friend,

I do not use the f 1m in Histo setup because it already appears as the Trix fast ... The 2 are the same, then it would be wrong not to use 2 indicators that show the same thing?

About the divergence, I had noticed the divergence in point A. .. But then, comes a new divergence in B, I thought it would be valid

Using the configuration of a manual, the right point of entry would be the same as I used, as indicated by the vertical green line.

If I had entered the Red vertical line, is wrong because that Hist Cloud was still red...
Attached Image (click to enlarge)
Click to Enlarge Name: lost2.png Size: 265 KB
  • #9,734
  • Apr 17, 2009 12:36pm Apr 17, 2009 12:36pm
which settings do you use for M5-charts? will the entry rules be the same?

i don't like the M1. to much noise.

thanks
meine augen sind die sterne
  • #9,735
  • Apr 17, 2009 12:38pm Apr 17, 2009 12:38pm
Hi MissPips:

Just want to have one thing confirmed with you. For the 6 red/green lights requirements, the 'initial' requirements of a long/short is that we MUST have 1 green/red light coming out of the 1minfast and 5minfast, am I correct? TIA

and once we got the 6's, we'll take the trade even though, at times, price actions are still below/above the cloud and coral, correct?

Have a good one
Jeff


Quoting MissPips
Hi windelevel,

Tradewell is right. All you need is 6 points, and PA breaking the coral and cloud in the direction of the trade, on the timeframe you are trading. See attached pic. About the other divergence, this is something that is not in the manual because we wanted to keep it short, but the members of the THV team can confirm that I posted it on my screenshots during the month we forwared tested it:

There are two times I don't trade when I see divergence:

1) I don't like flat divergence. If I am going to trade around it (which is risky)...
~*~You are only one trade away from humility~*~
  • #9,736
  • Apr 17, 2009 12:54pm Apr 17, 2009 12:54pm
good eavening! today got 40 nice pips
but i have a question, when i entry 4 the 6 light same colour and put sl15 e tp 10 should i close my Mac or when lights changes befrore hitting my stop i have to close the position?
  • #9,737
  • Apr 17, 2009 1:08pm Apr 17, 2009 1:08pm
Hi Jhartteam,

Yes to the first (must have 1m f and 5m f)

No to the second. PA should break the cloud and coral in the direction of the trade, except if it's a divergence trade. In that case (divergence trade), it only has to break the cloud (but not the coral) in the direction of the trade. The reason for this is that I tried to stick as much as possible to the original THV rules, which called for PA to break the cloud and coral. I know that some of the experienced scalpers only waited for it to break the cloud though, so that's why I adopted that in the case of divergence, because in the case of divergence if you wait for PA to break the cloud and the coral, by that time the divergence may have alreadly played out, especially on the lower tfs.
Quoting jharteam
Hi MissPips:

Just want to have one thing confirmed with you. For the 6 red/green lights requirements, the 'initial' requirements of a long/short is that we MUST have 1 green/red light coming out of the 1minfast and 5minfast, am I correct? TIA

and once we got the 6's, we'll take the trade even though, at times, price actions are still below/above the cloud and coral, correct?

Have a good one
Jeff
  • #9,738
  • Apr 17, 2009 1:10pm Apr 17, 2009 1:10pm
Quoting erfan_hi
dear cobarforex
first of all thank you for your great system and share of it to us .i wrote most of post and saw this,could you correct last version of your system or not?
thanks alot
Yes I can but not right now, I'm very busy at the moment, sorry.
  • #9,739
  • Apr 17, 2009 1:14pm Apr 17, 2009 1:14pm
Quoting aserbfx
which settings do you use for M5-charts? will the entry rules be the same?

i don't like the M1. to much noise.

thanks
yes thats my question too, are there default THV Team settings for 5m ? I ve seen some setups here in the thread for 5m but cant remember if they were from THV Team members.
  • #9,740
  • Apr 17, 2009 1:22pm Apr 17, 2009 1:22pm
Ok , everything is clear now, thanks for the clarifications, MissPips.

Have a good one
Jeff


Quoting MissPips
Hi Jhartteam,

Yes to the first (must have 1m f and 5m f)

No to the second. PA should break the cloud and coral in the direction of the trade, except if it's a divergence trade. In that case (divergence trade), it only has to break the cloud (but not the coral) in the direction of the trade. The reason for this is that I tried to stick as much as possible to the original THV rules, which called for PA to break the cloud and coral. I know that some of the experienced scalpers only waited for it to break the cloud though, so that's why I adopted...
~*~You are only one trade away from humility~*~
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