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THV system, final edition

  • #10,161
  • Apr 30, 2009 1:39am Apr 30, 2009 1:39am
Could be but I was planning to have the indie put arrows on the chart where the buys and sells were. Because either way (at least that I can think of) you end up having to call the trix 16 times per chart and the cloud 4 times. That's why I was thinking of having it be an indicator, because then those folks who are having problems with the load on the CPU could just get rid of the mtf indies and only show the alarm with the buy and sell arrows.
Quoting cobraforex
MissPips, wouldn't it be easier to code an Alarm EA than an indicator?
  • #10,162
  • Apr 30, 2009 2:06am Apr 30, 2009 2:06am
Quoting MissPips
Hi Sony,

I only trade the EurUsd (One pair is all I can manage). Hopefully some of the other traders can help you.
Thanks MissPips

Please if you can give me the no of post where you did explain how those light should light during diver. or normal entry...

I cannot find it.

I wait for all of thema and when that bar close i enter next one and take 10 pips TP or until TRIX BAR switch color?!
Work smart not hard
  • #10,163
  • Apr 30, 2009 2:15am Apr 30, 2009 2:15am
Hi Sony,

Tradewell made a manual for trading the mtf indies. It's on the first page of the thread.

Quoting sony
Thanks MissPips

Please if you can give me the no of post where you did explain how those light should light during diver. or normal entry...

I cannot find it.

I wait for all of thema and when that bar close i enter next one and take 10 pips TP or until TRIX BAR switch color?!
  • #10,164
  • Apr 30, 2009 4:18am Apr 30, 2009 4:18am
Quoting MissPips
Hi Sony,

Tradewell made a manual for trading the mtf indies. It's on the first page of the thread.

6 in a row is a triger for movments

Thanks once again
Work smart not hard
  • #10,165
  • Apr 30, 2009 5:45am Apr 30, 2009 5:45am
Greetings everyone:

Here was a trade worth up to 30 Pips....straight to the FPV

Here were my considerations:

1.) Break and retest of PA triangle and T/L
2.) Break of 38.2 on the Fib.
3.) 1,2,3 Move on the Fib
4.) TRIX Cross and Break of TRIX trendline
5.) 6+ RED MTF lights.

Just one note...the arrows of divergence on my chart are plenty...I, personally only consider divergence that I can clearly see without the assistance of the indicator. As seen in the chart, at the exact moment the PA move downwards, there was a bullish divergence arrow painted. Not sure why....

Anyhow...good for upto 30 pips....straight to FPV.
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Deprive a man of everything and you give him nothing to lose.
  • #10,166
  • Apr 30, 2009 6:33am Apr 30, 2009 6:33am

Hello Friends,

I usually do not get a great signal when it appears in indicators of THV, but this signal occurs near a support or resistance of a channel.

Now appeared a good signal where I decided not to enter because I was afraid of a support channel.

I wonder what you think of it.

Thanks

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I am Brazilian and I never give up!
  • #10,167
  • Apr 30, 2009 7:12am Apr 30, 2009 7:12am
Hi Cashmeer,

Agree with you about paying attention only to divergence that you personally can see. Sometimes the trix doesn't get them all, and sometimes (like in your chart) it goes all weird on you and starts putting arrows everywhere. If you click on the indie and click ok to make it init, you will see that all those weird arrows disappear.

Quoting cashmeer
Greetings everyone:

Here was a trade worth up to 30 Pips....straight to the FPV

Here were my considerations:

1.) Break and retest of PA triangle and T/L
2.) Break of 38.2 on the Fib.
3.) 1,2,3 Move on the Fib
4.) TRIX Cross and Break of TRIX trendline
5.) 6+ RED MTF lights.

Just one note...the arrows of divergence on my chart are plenty...I, personally only consider divergence that I can clearly see without the assistance of the indicator. As seen in the chart, at the exact moment the PA move downwards, there was a bullish divergence arrow...
  • #10,168
  • Edited 7:57am Apr 30, 2009 7:46am | Edited 7:57am
Quoting cobraforex
Wow, she changed her mind, good that we are playing the short TF's.

Anyhow was good for some pips before reversing

BTW: it's the second pinbar that got ignored in this run

I didn't lose out like you think. Left computer on with a trailing EA attached to get me some pips... bought AND sold edge of my box [I knew it would fall today] and I got 30 pips for the top of the box and 60 for the bottom.

Didn't I say 1.3200? lol...

I see that it retested last week's high [Apr 13th and if you zoom out, of the screen to see the whole week it's quite a similar pattern--save for last night there was an extra 15-20 pip push before the fall.

I feel a little better today...perhaps I'll have some breakfast now that I woke up and wait for the consolidation to see where the action goes--a retrace or another fall... haven't looked at my charts yet to analyze.

PS--I chose 1.3200 because in my mind, after breaking the daily pivot, it always seems to bounce of the MS1 line--which is what is did. I don't aim for the lines exactly, rather I aim for the middle of those lines.

THV Pivot indicator is very...very...good

Edit: Further analysis of the short trade I took looked good when I placed it off the 5M chart w/ reference to 1 HR--but I went to sleep. Had I stayed awake to watch it I would have gotten out after the close of the cabdle, for the volume indicators tell me "Caution"-- trends that start with very high volume are never good.....

I still got some pips though... good thing for trailing EA.
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  • #10,169
  • Apr 30, 2009 7:56am Apr 30, 2009 7:56am
totally off topic, but I just had to post this
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  • #10,170
  • Apr 30, 2009 7:58am Apr 30, 2009 7:58am
LOL....what is that?

Hobo trading?
  • #10,171
  • Apr 30, 2009 8:13am Apr 30, 2009 8:13am
Quoting AZBOfin
totally off topic, but I just had to post this
you can see too many MA! and no thv! is that the rason cause he has no home
  • #10,172
  • Apr 30, 2009 8:29am Apr 30, 2009 8:29am
reminds me of some Internet startups I've worked in....

Quoting AZBOfin
totally off topic, but I just had to post this
  • #10,173
  • Apr 30, 2009 8:35am Apr 30, 2009 8:35am
did you notice, he's taking the power from that light pole. i'm wondering on how he gets connected to the net.
  • #10,174
  • Apr 30, 2009 8:36am Apr 30, 2009 8:36am
Quoting MissPips
reminds me of some Internet startups I've worked in....
you must have an interesting past my dear
  • #10,175
  • Apr 30, 2009 8:40am Apr 30, 2009 8:40am
Quoting MissPips
reminds me of some Internet startups I've worked in....

"In"? LOL...were you working outside too?

And why does he look so happy? I wouldn't be happy if all my equipment were outside.
  • #10,176
  • Apr 30, 2009 8:53am Apr 30, 2009 8:53am
That is a nice channel! Here is my problem with all things like channels, fibs, reverse engineered fibs, pivots, camarilla lines MAs etc. (not that I don't use them, my analysis charts are full of them. ) BUT: we can observe that PA moves in waves. I have observed that when PA starts moving it won't stop until it hits something (like a pivot or a major MA for example). When it hits a barrier it usually bounces off of it especially if it's a well known barrier, and PA is hitting it for the first time (like when it hits the pivot for the first time in a day). If it's in a downtrend it goes up for a while, and then it usually goes back down and retests whatever it bounced off of. If the downtrend is going to continue, PA will eventually break whatever was causing it to stop, and continue in the direction of the trend. Until the end of the trend, of course. Logically this has to be the case, otherwise if PA as in between two barriers and it always bounced off of them it would never move very far. The main questions are: where are the important barriers, and how do we know if PA will break the one it is next approaching or bounce off of it.

Of course it's good to know where the barriers are so we don't take a trade right in front of one with no room for PA to move. BUT, since everybody has their own method (some like fibs, some like pivots, some like support/resistance, some like channels, some like patterns, and everybody draws them differently) I have come to the conclusion that it is impossible to identify them all. Furthermore, even if we could identify all possible barriers, we still would not know if PA was going to bounce or break.

That is why I like divergence in momentum indicators so much. To me, momentum indicators are like using a geiger counter to locate a hidden radioactive object. Even if we can't see the object, when the geiger counter starts ticking we know it's there. When we see PA moving in one direction and momentum moving in the other, we know that there is a barrier there, even if we haven't managed to identify what it is. (If you look in your chart, just before PA is about to hit the bottom of the channel there is divergence.)

That is why I recomment paying a lot of attention to divergence and not trading against it. When you see divergence there is usually some obstacle in the way of PA, even if you haven't figured out what it is.

If we see PA hitting a known barrier and we also see a lot of divergence - even better. Then we have a safer trade.






Quoting windelevel

Hello Friends,






I usually do not get a great signal when it appears in indicators of THV, but this signal occurs near a support or resistance of a channel.


Now appeared a good signal where I decided not to enter because I was afraid of a support channel.


I wonder what you think of it.


Thanks



Attachment Attachment

  • #10,177
  • Apr 30, 2009 8:57am Apr 30, 2009 8:57am
Quoting alsmith
And why does he look so happy? I wouldn't be happy if all my equipment were outside.
maybe he's better off outside because this is his indoor office, LOL.

(sorry folks for the chit chat, i won't post anymore of this junk)
Attached Image
  • #10,178
  • Apr 30, 2009 9:01am Apr 30, 2009 9:01am
Quoting MissPips
I have come to the conclusion that it is impossible to identify them all. Furthermore, even if we could identify all possible barriers, we still would not know if PA was going to bounce or break.
And this is exactly why fully automated trading system won't work in the long run, IMHO.

AZBOfin
  • #10,179
  • Apr 30, 2009 9:17am Apr 30, 2009 9:17am
Quoting MissPips
That is a nice channel! Here is my problem with all things like channels, fibs, reverse engineered fibs, pivots, camarilla lines MAs etc. (not that I don't use them, my analysis charts are full of them. ) BUT: we can observe that PA moves in waves. I have observed that when PA starts moving it won't stop until it hits something (like a pivot or a major MA for example). When it hits a barrier it usually bounces off of it especially if it's a well known barrier, and PA is hitting it for the first time (like when it hits the pivot for the first time...


Hello MissPips,

I found very interesting the way they think about the market ... Certainly his words will help me a lot.

I just have to thank you for always be helping all the people of the forum, I am very grateful to you.

Have a great Thursday and Friday, as you deserve.
I am Brazilian and I never give up!
  • #10,180
  • Apr 30, 2009 9:50am Apr 30, 2009 9:50am
hi, i have to clear this:
when you see that both trix of 1h are red, and you trade divergence on 5', you go only short? and vice versa?
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