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THV system, final edition

  • #10,121
  • Apr 29, 2009 1:39pm Apr 29, 2009 1:39pm
here is any indicator for closse all trades ?? if have please give me
  • #10,122
  • Apr 29, 2009 1:39pm Apr 29, 2009 1:39pm
Posting a link that I found on the VSA thread. You may already be aware of it and have read it in which case disregard this. If not, it might spark some new thoughts in volume analysis.

Your opinions are much appreciated.

http://emini-watch.com/free-stuff/volume-indicator/
  • #10,123
  • Apr 29, 2009 1:42pm Apr 29, 2009 1:42pm
Forgive my ignorance but is it possiable to search for a post by post number ?? If yes then how?
Thanks.
  • #10,124
  • Apr 29, 2009 1:46pm Apr 29, 2009 1:46pm
Quoting Richalok
here is any indicator for closse all trades ?? if have please give me

An indicator wouldn't achieve this, however an EA would.

This might be what you're looking for.

Be warned: once you do attach it to your chart--it will ask if you want to close all trades.

Once you hit yes there's no looking back.

Goes in Metatrader---> Experts folder

PS: Is that your son? He's adorable
Attached File(s)
File Type: ex4 _CloseAll.ex4   8 KB | 522 downloads
  • #10,125
  • Apr 29, 2009 1:48pm Apr 29, 2009 1:48pm
Quoting Nagpada
Posting a link that I found on the VSA thread. You may already be aware of it and have read it in which case disregard this. If not, it might spark some new thoughts in volume analysis.

Your opinions are much appreciated.

http://emini-watch.com/free-stuff/volume-indicator/
This is very good reading and I incorporate this with my trading. On my chart I posted earlier I have this indicator in the background of a volume indicator I use.
  • #10,126
  • Apr 29, 2009 1:48pm Apr 29, 2009 1:48pm
Quoting cashmeer
Wlfx:

What do you think about that....Perhaps you can look back through you charts and see if there is validity in this....
This is what i have seen and thought....

BTW:I got the 5min red histo bar at yellow rectangle(at first). But There was a reinitialize of histo(internet connection dropped) before white line, after white line it is all real time data. And i do not get that entry because of oposite divergence.
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  • #10,127
  • Apr 29, 2009 1:54pm Apr 29, 2009 1:54pm
Quoting cobraforex
Hi Cash, good to see you back

Cobra:

I'm glad to be back...I missed being in here!

TW: You're right it was MissPips that mentioned that. She is most observant!
Deprive a man of everything and you give him nothing to lose.
  • #10,128
  • Apr 29, 2009 2:06pm Apr 29, 2009 2:06pm
Guys and Gals

We have to also realize that every system, regardless of the success rate will always have some losing trades and even some draw downs. The FX market is a very dynamic one and sometimes that perfect signal does not always turn out that way. As Cobra and others have mentioned, you need all the information before placing a trade and you can only achieve that by looking at other time frames on different charts.
  • #10,129
  • Apr 29, 2009 2:09pm Apr 29, 2009 2:09pm
Quoting alsmith
This is very good reading and I incorporate this with my trading. On my chart I posted earlier I have this indicator in the background of a volume indicator I use.

Went back to ckeck you posting. So you do, care to enlighten us of it's usefulness in conjunction with THV ?
I did not realise that this indicator was available for use on MT4 platform. If so could you point the direction where one could download it from.

Thanks.
  • #10,130
  • Apr 29, 2009 2:31pm Apr 29, 2009 2:31pm
Here are 2 or 3 trades that made an easy and quick 15 + pips...


Trade 1:
1.) Divergence
2.) Break and retest of 1.33000
2.) PA Broke the cloud within 3 bars.
3.) New Cycle and 6 + bars in the MTF.


Trade 2:
1.) New Cycle of trix and 6 + bars
2.) Break of Trix Trendline.
3.) Bounce off of Coral


Trade 3:
1.) Break of PA Triangle and T/L
2.) Fast Trix below Slow trix and below 0.
3.) 6+ MTF Bars.
Attached Image (click to enlarge)
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Deprive a man of everything and you give him nothing to lose.
  • #10,131
  • Apr 29, 2009 2:52pm Apr 29, 2009 2:52pm
For you guys that trade the 1min chart, How do you deal with the spreads? Most have 1-2 pip spread, if you are making 10 pips per trade seems the spread can be upto 40% or worse if you get stopped you eat the 2 pip.
Keep taking CT trades, I need more money
  • #10,132
  • Apr 29, 2009 2:52pm Apr 29, 2009 2:52pm
Quoting Wlfx
This is what i have seen and thought....

BTW:I got the 5min red histo bar at yellow rectangle(at first). But There was a reinitialize of histo(internet connection dropped) before white line, after white line it is all real time data. And i do not get that entry because of oposite divergence.
Divergence on 1M is very short lived, usually about 8 to max 15 candles
  • #10,133
  • Edited 3:15pm Apr 29, 2009 3:04pm | Edited 3:15pm
Quoting Wlfx
This is what i have seen and thought....

BTW:I got the 5min red histo bar at yellow rectangle(at first). But There was a reinitialize of histo(internet connection dropped) before white line, after white line it is all real time data. And i do not get that entry because of oposite divergence.

Wlfx:

I added some things to your chart. Hope they are helpful. Aside from that...as Cobra mentioned, sometimes you get em' and sometimes you don't. It is easy for me and you and anyone else to analyze a trade after the fact....sorry for that...

Anyhow....

1.) I added a PA trendline that was not broken...since you were already in the trade....that should have given you a heads up in to looking to exit before it hit your S/L....cut your losses....

2.) Trix T/L did not get broken and upon seeing the trix cross (bullish) that could have been a double/triple confirmation to get out of a potential loser and even reverse your position shortly thereafter.

3.) I think that the bullish and bearish divergence within the yellow box are within one full cycle and are therefore successive opposite divergence signals. Therefore it would be better to wait it out.


What do you think?
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Deprive a man of everything and you give him nothing to lose.
  • #10,134
  • Apr 29, 2009 3:10pm Apr 29, 2009 3:10pm
Quoting cashmeer
Wlfx:


1.) I added a PA trendline that was not broken...

2.) Trix T/L did not get broken.....

3.) I think that the bullish and bearish divergence within the yellow box are within one full cycle.......
A+ explanation Cashmeer!
  • #10,135
  • Apr 29, 2009 3:22pm Apr 29, 2009 3:22pm
Quoting Nagpada
Went back to ckeck you posting. So you do, care to enlighten us of it's usefulness in conjunction with THV ?
I did not realise that this indicator was available for use on MT4 platform. If so could you point the direction where one could download it from.

Thanks.
As this thread is dedicated to THV, posting of outside indicators is frowned upon, however I can tell you that in Forex Factory here, there is a thread or 2 dedicated to Volume Trading and VSA [Volume Spread Analysis]

In those threads, there are a couple excellent coders who have made that particular indicator [which is considered a system in and of itself] into MT4-- I believe it was originally meant for NinjaTrader.

I don't necessarily use this "with" THV, it is just one of the many "tools" in my "toolbox" that I use in determining whether or not to place a trade. The more I learn and grow as a trader, I don't just use/rely on 1 system--I also am starting to target larger TF trades and doing BUY/SELL stops and limits rather than doing instant execution trading. Lower leverage, more pips-less face time with the computer.

I am posting an example of volume trading [with confirmation of THV trix--which is overlayed over MACD]

My entry/exit are vertical turquoise lines.

Notice the little candle on entry has a spike in SELL volume [above the MA].

While having extreme volume is very risky at the beginning of a trend [99% chance of immediate retracement], the Better Volume Indicator tells me that it was the start of a downtrend..so I stayed in the trade until the 3rd positive candle-- where the range of the candle was less than [didn't continue past] the previous candle.

PA was also bouncing off the MA [coral--not the same as THV coral, but similar]--and we knew there would be a drop as no candle previous to the last 15 and 30M canle closed higher than it did at 15:30 GMT--where on 15M there's a nice pinbar.

I didn't take the reverse trade as Mr. ALSmith came home from work and I had to make him some lunch.

For the most part, I only incorporate the heart of THV--the Trix now, and have pulled away from the lights method.
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  • #10,136
  • Apr 29, 2009 3:27pm Apr 29, 2009 3:27pm
Thanks for that explanation cashmeer,

That also helped me to understand everything a lot better now.
  • #10,137
  • Apr 29, 2009 4:26pm Apr 29, 2009 4:26pm
The mtf indies, as mentioned before, 'repaint' (loose the real-time data) when initialized. So, one possible explanation is that you opened the metatrader instances at different times. For the real time info to be the same, they would have to be opened at the same time. Also if the metatrader disconnects and reconnects that initializes the indicator. So if one of the instances was disconnected and reconnected, that one would have the 'repainted' data, while the other would have the real time data.

Quoting windelevel

Hello Friends,



I have an important question ... I was following the THV in two different brokers, and noticed that there is a large difference of signals from one broker to another ...


Who knows what is happening?


Note the lines in blue ... In point Yellow has no signal ... In point Purple has signal.


Attachment Attachment

  • #10,138
  • Apr 29, 2009 4:51pm Apr 29, 2009 4:51pm
Hi Wlfx

Here are my thoughts:

That was a divergence trade because you took it when PA is below the the cloud but not below the Coral. (The Coral is still the filter for the main trend, except for divergence trades.)

Divergence trades are, by definition, more risky (i.e. more of them fail).

They are less risky when :

1) PA is overextended
2) PA is bouncing off something sturdy like a daily pivot, and
3) PA drops below the cloud right after the peak is formed. (I myself don't take them when it takes PA more than 3 bars after the peak is formed to drop below the cloud).

They are more risky when :

1) You have several consecutive conflicting divergences
2) PA takes more than three bars from the high of the peak to drop below the cloud (because divergence might not last longer than 5-8 bars.)
3) PA is not overextended (i.e the Trix is not in the oversold area, and there is not a nice distance between PA and the Coral.)

In this case, I don't see anything in particular that PA was bouncing off of. PA is not overextended because the trix is not in the o/s area and PA is relatively close to the coral. PA took more than 3 bars from the peak to fall below the cloud, and on the previous low you had a long divergence, which conflicts with the idea of taking a short, and implies that you are in a choppy area and should wait for something decisive to happen.



Quoting Wlfx
I'd like comments for this entry....
  • #10,139
  • Apr 29, 2009 5:01pm Apr 29, 2009 5:01pm
Dear MissPips

I am using this cobra sistem and it is realy nice..My goal is only 30 pips a day and i am tradeing only 100% secure ones...I am to scared to stay long then my TP is sometimes only 7-8 pips

Please tell me coos i trade gpb/jpy and eur/jpy do i need to change some parametars in my TRIX HISTO BAR?

I have set as it was...i mean did not chage anything

My CLOUD HISTO is (5,15)

and TRIX HISTO (1,1,5,5)

I just download that ind from first page and did not touch anything

Sorry if there was already this question before

Best Regards

If i need to change it please explain me how...

Cao
Work smart not hard
  • #10,140
  • Apr 29, 2009 5:14pm Apr 29, 2009 5:14pm
I trade only when i have 6 same colors one below another one row
-
-
-
-
-
-

Like that

And if there is any diver. i enter on on four

-
-
-
-

No metter wich..cloud or bar
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Work smart not hard
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