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THV system, final edition

  • #10,181
  • Apr 30, 2009 11:54am Apr 30, 2009 11:54am
Quoting MissPips
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
Yep. Amen to that. As to me personally finding where price will bounce is such a tricky thing. Some use Pivot and guess what, they're asking each other what time zone do you use and what market, london, ny, tokyo, etc. Others use fibonacci and asking where's the swing high and low.

Just stick to your plan and method you comfort with. There will be a time where it fails to find where price will bounce, in this case, your screen time and gut feeling will help a lot (not to forget mm of course). I prefer to use round numbers or default Fibs for my long term tf because a lot ppl believe in them. For shorter and entry consideration, THV SDX Pivot were just very nice (credit to TAH).
Manage your risk accordingly and you're half done your home work.
  • #10,182
  • Apr 30, 2009 12:04pm Apr 30, 2009 12:04pm
Hello THV,

searching in this thread a description of trix histo or cloud histo, how they are working?
i mean not the lights, green or red, but algorhythm.

And THV trend indicator, is it combination of histo?

forgive me if i post silly questions.

Thanks a lot for the system.
Searching for inside balance.
  • #10,183
  • Apr 30, 2009 12:09pm Apr 30, 2009 12:09pm
I don't know what the trend indicator is.
Re the trix and cloud histo, they call the trix and Ichimoku (respectively) for each tf specified. In the case of the trix histo, if the trix is red for that tf , the light is red for that row and if the trix is green the light for that row is green. In the case of the cloud histo, if PA is below the cloud the light is red, if PA is above the cloud, green , and if PA is in the cloud the light is yellow for that tf.

Quoting Flamenkito
Hello THV,

searching in this thread a description of trix histo or cloud histo, how they are working?
i mean not the lights, green or red, but algorhythm.

And THV trend indicator, is it combination of histo?

forgive me if i post silly questions.

Thanks a lot for the system.
  • #10,184
  • Apr 30, 2009 12:17pm Apr 30, 2009 12:17pm

I'm testing THV V3 few weeks,
always have my sure 12-15 pips when
- signal on M1 confirms M5
- PA moves as trend on H1 or H4
thanks a lot for sharing!!!!!!!!!!!!!!!!!!!!!!!!
Searching for inside balance.
  • #10,185
  • Apr 30, 2009 12:28pm Apr 30, 2009 12:28pm
Quoting MissPips
I don't know what the trend indicator is.
Re the trix and cloud histo, they call the trix and Ichimoku (respectively) for each tf specified. In the case of the trix histo, if the trix is red for that tf , the light is red for that row and if the trix is green the light for that row is green. In the case of the cloud histo, if PA is below the cloud the light is red, if PA is above the cloud, green , and if PA is in the cloud the light is yellow for that tf.
Thanks MissPips, that was a really quick responce!
i mean this indie in the bottom of THV V3 template
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm1_32.gif Size: 24 KB
Searching for inside balance.
  • #10,186
  • Apr 30, 2009 12:45pm Apr 30, 2009 12:45pm
Hello all,

I don't post much but have been checking out THV on longer timeframes over the past couple of weeks. My theory was (1) if one has the patience to let a trade run, there are more PIPs to be earned with safer trades on the longer TFs; and (2) THV will probably work on any TF. So far, I've proven both parts of the theory to my own satisfaction, but invite anyone to try it out for yourself.

My rules for entry:
1. At least 4 out of these 5 lights (M15F, M15S, M30F, M30S, H1F) must be red for short and green for long.
2. M30 and H1 Cloud histo's must be red for short, or green for long. M30 can be yellow but should never be opposing color. It is a much better trade when both are the same color. I never trade with H1 cloud light opposing color.

Rules for exit:
1. Don't be greedy. Decide how many PIPs you conservatively want to earn and TP in front of some pivot or psych.
2. TP/exit when M30F light changes colors at the close of a 30M candle.
3. Set your SL according to either the ATR or 40-50 PIPs, according to your risk appetite.

Be sure to check H1 analysis chart to help confirm the trend. Always best to go with the trend.

This approach is simply a longer-term version of what MissPIPs taught us with M5/M1. I like it because I'm not seeing so much "noise" and staying so darned nervous about M1/M5 price action. Be sure to backtest and forward test this approach on demo account before going live.

Chart attached so that you can see my set-up, plus a picture of a good short trade earlier today. Sorry, I did not mark up the chart, but you can see it!
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 24 KB
Up or down, gimme a ticket
  • #10,187
  • Apr 30, 2009 2:01pm Apr 30, 2009 2:01pm
I don't know what that one is. I didn't program it.

Quoting Flamenkito
Thanks MissPips, that was a really quick responce!
i mean this indie in the bottom of THV V3 template
  • #10,188
  • Apr 30, 2009 2:39pm Apr 30, 2009 2:39pm
Simple method of knowing when to try for more pips than 10 on the 1 min and 5 min Chart.
have a second chart of the 15 min all you need is the trix, PA and the Coral on it .
Try for more pips than 10 when on your 1 min or 5 min you get a signal with lights .
and if your 15 fast Light has just turned on also with the signal on the 1 or 5 min
then check 15 min chart if the light turned red and your below the coral try for more
15 min chart if the light turned green and your above the coral try for more
Its that simple To prove it to yourself quickly just check the 15 min chart out using only that requirement ,,,would be a very profitable trading approach all by itself
adding the fine tuned entry of the 5 min and the 1 min and your set for larger gains with a very simple approach.
I personally use 5 monitors and draw trend lines and fibs and muti time frame charts but with all this razamataze I pretty much just do what I have shown here lately and its been very effective.. So I thought I would share it for people with limited screen space or lack structure skills ..
I'm not going to tell you the stop size and targets for this because I feel its just something to help you go for more once in a while on the basic Miss pips setup..
which really is just about impossiable to Improve the systam is amazing..

.... how much more you should study a 15 min chart and measure how far the market goes on average when the trix turns red below the coral get a feel for it and find your comfort zone everyones is different...
  • #10,189
  • Apr 30, 2009 3:59pm Apr 30, 2009 3:59pm
Quoting SpecialEd
Hello all,

I don't post much but have been checking out THV on longer timeframes over the past couple of weeks. ...
Nice rules Ed. You offer an interesting perspective. I too have been trading longer TF's. I had not refined my rules yet so your rules give me something else to consider. Thanks for sharing.
  • #10,190
  • Apr 30, 2009 4:14pm Apr 30, 2009 4:14pm
Quoting TradeWell
Nice rules Ed. You offer an interesting perspective. I too have been trading longer TF's. I had not refined my rules yet so your rules give me something else to consider. Thanks for sharing.
Your're welcome TW. I do not consider this approach flawless, but did enough back-testing on it that I thought it was ready to be shared. I hope it works for some folks. Watching the longer TFs keeps me "out of the weeds" and a calmer trader.

Best,
Ed
Up or down, gimme a ticket
  • #10,191
  • Apr 30, 2009 4:35pm Apr 30, 2009 4:35pm
Quoting SpecialEd
Your're welcome TW. I do not consider this approach flawless, but did enough back-testing on it that I thought it was ready to be shared. I hope it works for some folks. Watching the longer TFs keeps me "out of the weeds" and a calmer trader.

Best,
Ed
Hi Ed:

Good to see you....it's great what you've done because, as you know, many people come in looking to trade higher TFs. When you all are comfortable with it, perhaps we can add it to the manual as a starting point for higher TF trading.

Well done Team THV!
Deprive a man of everything and you give him nothing to lose.
  • #10,192
  • Apr 30, 2009 5:23pm Apr 30, 2009 5:23pm
Quoting AZBOfin
totally off topic, but I just had to post this
I can see this guy's problem right off the bat......! He does not have THV on his screen!
  • #10,193
  • Apr 30, 2009 7:40pm Apr 30, 2009 7:40pm
Quoting Landfar
[size=2]Simple method of knowing when to try for more pips than 10 on the 1 min and 5 min Chart.
have a second chart of the 15 min all you need is the trix, PA and the Coral on it .
Try for more pips than 10 when on your 1 min or 5 min you get a signal with lights .
and if your 15 fast Light has just turned on also with the signal on the 1 or 5 min
then check 15 min chart if the light turned red and your below the coral try for more
15 min chart if the light turned green and your above the coral try for more
Its that simple To prove it to yourself...

Let me see if I understand what you mean

1) On 5 min chart, look for trix histo light for 15min to change color in the direction of your trade(red for short, green for long)

2) On 15min chart, look for PA to be under coral for confirming the continuation of short trade for > 10pips, and PA to be over coral for continuation of long trade

Did I get it right?
  • #10,194
  • Edited 8:29pm Apr 30, 2009 8:16pm | Edited 8:29pm
Quote
I don't post much but have been checking out THV on longer timeframes over the past couple of weeks. My theory was (1) if one has the patience to let a trade run, there are more PIPs to be earned with safer trades on the longer TFs; and (2) THV will probably work on any TF. So far, I've proven both parts of the theory to my own satisfaction, but invite anyone to try it out for yourself.
SpecialEd,
I post less than u do.

I could confirm your observation. In fact many profitable systems/methods, whether for scalping/swing trading etc, can be applied in higher/lower timeframes.

I rarely trade gbpjpy live. but on demo, i made a recent one & the trade is still open (THV v2). check out the H4 chart NOW. check at least the last 15 bars

I have used THV (previous version), whether exclusively or not, in M30-H4. i also consult it in Daily. i think THV v3 will also do well on higher TFs.

Of course, we have to tweak some rules to apply for higher TFs (i haven't tweak any aside from) wider stops. stops widen depending on many factors, 2 of which are timeframe & volatility of currency pair. I don't have a fixed set of stops though. I often base my stops on pSAR (parabolic SAR), bearing in mind pivots, TLs, suppor/resistance areas too. I'm still testing several pSAR values.

Not fully using v3 yet, but i like it. Thanks again THV Team for your selfless efforts.

PS. I think that THV is made/done too well to be used only on M1-M30



Quote
Watching the longer TFs keeps me "out of the weeds" and a calmer trader.
Precisely.. This is the essence/perks of watching & trading higher TFs.
  • #10,195
  • Apr 30, 2009 8:22pm Apr 30, 2009 8:22pm
alsmith,
looking at your above chart, it seems u are using THV with Volume indi. Nice touch
  • #10,196
  • Apr 30, 2009 9:45pm Apr 30, 2009 9:45pm
I agree with Ed about using THV and Trix in particular on larger time frames; M15 and up. The results are very good without all the stress from trying to manage trades on M5 and/or M1. I have a slightly different method; this weekend I'll post the strategy I have been using since the early days of this thread.


Quoting SpecialEd
Hello all,

I don't post much but have been checking out THV on longer timeframes over the past couple of weeks. My theory was (1) if one has the patience to let a trade run, there are more PIPs to be earned with safer trades on the longer TFs; and (2) THV will probably work on any TF. So far, I've proven both parts of the theory to my own satisfaction, but invite anyone to try it out for yourself.
  • #10,197
  • Apr 30, 2009 10:30pm Apr 30, 2009 10:30pm
Quoting supremeChaos
alsmith,
looking at your above chart, it seems u are using THV with Volume indi. Nice touch
2 of them actually.

Thanks
  • #10,198
  • May 1, 2009 2:05am May 1, 2009 2:05am
Quoting alsmith
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...
Could you please point me in the direction of the trailing EA you mention please? Forgive me if its obvious, there seem to have been many posted and I'm looking for something simple that trails smaller pip values the MT4 offers. Thanks in advance!
  • #10,199
  • May 1, 2009 2:22am May 1, 2009 2:22am
Also I have just caught up to this post and wonder how testing is going on this indicator to show divergence on other TF's?

http://www.forexfactory.com/showpost...postcount=9260

  • #10,200
  • May 1, 2009 3:23am May 1, 2009 3:23am
Well, it works just fine so far. I don't have any rules for using it, but I do find it helpful to be aware that there is divergence on a higher tf, so I know which direction to look for trades in on the 1m.

Quoting forexample
Also I have just caught up to this post and wonder how testing is going on this indicator to show divergence on other TF's?

http://www.forexfactory.com/showpost...postcount=9260

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