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THV system, final edition

  • #10,261
  • May 4, 2009 7:16am May 4, 2009 7:16am
...I counted 7 hits on the trix trendline and the last break gave no less than 10 pips, straight to S2...
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Deprive a man of everything and you give him nothing to lose.
  • #10,262
  • May 4, 2009 7:17am May 4, 2009 7:17am
Hi Cashmeer:

Although, I seldom apply Andrew's Line on the 1-min time frame but yes, at the point no. 4 where Trix got rejected by your depicted trend line; there existed a Median Line (the steel blue rectangle) at almost exactly the same juncture where a short scalp you entered your last short order for 10-15 points. Thanks for the Trix setup, it was a gem.

Have a good one
Jeff

Quoting cashmeer
I know that I get a little bit too excited every now and then about the usefulness of the TRIX indicator, but here is an example of why....

The trix displayed a support T/L that was not evident in the PA which when was broken, gave way to 10 - 15 pips in trade 1 (first vertical red line). Following that, the same T/L became resistance which when held signaled a continuation of the bear move for atleast another 10 - 15 pips in trade 2 (2nd vertical red line)

Both of the T/Ls were not visible in the PA...

Isn't that exciting?! LOL

By the way....I...
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~*~You are only one trade away from humility~*~
  • #10,263
  • May 4, 2009 7:33am May 4, 2009 7:33am
Quoting jharteam
Hi Cashmeer:

Although, I seldom apply Andrew's Line on the 1-min time frame but yes, at the point no. 4 where Trix got rejected by your depicted trend line; there existed a Median Line (the steel blue rectangle) at almost exactly the same juncture where a short scalp you entered your last short order for 10-15 points. Thanks for the Trix setup, it was a gem.

Have a good one
Jeff

Thanks for that Jeff.

I need to reread through your material on the Andrew's Line in order to figure out where to put the 3 points...mine always end up going in the wrong direction....

Cashmeer
Deprive a man of everything and you give him nothing to lose.
  • #10,264
  • May 4, 2009 7:36am May 4, 2009 7:36am
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.

Quoting BeachBum
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.
Listen to the whispers.... You may learn something
  • #10,265
  • May 4, 2009 7:44am May 4, 2009 7:44am
Two trades.....200 + pips.....all on the M15

Thank you Cobra and your illustrious team !!!
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  • #10,266
  • May 4, 2009 7:46am May 4, 2009 7:46am
Quoting cashmeer
Thanks for that Jeff.

I need to reread through your material on the Andrew's Line in order to figure out where to put the 3 points...mine always end up going in the wrong direction....

Cashmeer
Ca$h...it's just the basic ABC pattern. If your pick A is a high and pick B is a low (pick C lower high than A) then the AL's are going to slope downward...if pick B is higher than pick A the formation will slope upwards. Don't be timid about moving the original picks, i.e. drag pick A to a close or to a bar that was the *real* start of the move. Takes a bit of practice but when you get it right you won't have to ask anyone, you will be able to see the ML testing.
Listen to the whispers.... You may learn something
  • #10,267
  • May 4, 2009 7:47am May 4, 2009 7:47am
Quoting BeachBum
Two trades.....200 + pips.....all on the M15

Thank you Cobra and your illustrious team !!!
Ata-Boy Nicely done
Listen to the whispers.... You may learn something
  • #10,268
  • May 4, 2009 7:55am May 4, 2009 7:55am
Thanks for the trade illustration, I'm starting to see how you applying those MAs; especially the 21 and 89. Great chart!

Have a good one
Jeff

Quoting BeachBum
Two trades.....200 + pips.....all on the M15

Thank you Cobra and your illustrious team !!!
~*~You are only one trade away from humility~*~
  • #10,269
  • May 4, 2009 9:34am May 4, 2009 9:34am
The ride down wasn't so fun this morning, but the ride up [news time] was fantastic
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  • #10,270
  • May 4, 2009 9:36am May 4, 2009 9:36am
Quoting BeachBum
Two trades.....200 + pips.....all on the M15

Thank you Cobra and your illustrious team !!!
Hi BB,

Nice explanation on the higher tf usage and charts. I have a question on this specific chart, trade#2.

I see the PA is above the MA's and you took a short, does that mean as long as the PA is not in between those 2 MA's, you will take the trade? irrespective of whether PA is above or below the MA's?

Thanks
  • #10,271
  • May 4, 2009 9:41am May 4, 2009 9:41am
Quoting jharteam
Thanks for the trade illustration, I'm starting to see how you applying those MAs; especially the 21 and 89. Great chart!

Have a good one
Jeff

Hi Jeff,

I think you might have already seen this thread, if not, may be it will be of interest to you
  • #10,272
  • May 4, 2009 9:50am May 4, 2009 9:50am
Hi Karun:

Thank you very much for the direction. It was a quick review of some of the important harmonics. Take care.

Have a good one
Jeff


Quoting karun
Hi Jeff,

I think you might have already seen this thread, if not, may be it will be of interest to you
~*~You are only one trade away from humility~*~
  • #10,273
  • May 4, 2009 10:01am May 4, 2009 10:01am
I was expecting this question.....

Several factors at work here: The distance of price from the 89EMA would suggest a trend change (scroll back and see that history supports this position because price wants to return to the 89 at times like this). I'm willing to lose a little or B/E on a trade setup like this. There was divergence on the H1 to support a short trade. See the "pinbar-like" candle 8 bars to the left? Good short signal!

This why I wrote that each trader should make a strategy "their own". After enough experience you develop a certain "feel" for how to use the indicators and PA when you trade. Strictly speaking you could have taken the first trade and been happy with 100 pips.

Have you seen what has happened with this pair since I posted my last chart? Another almost 100 pips as PA reversed to get back in line with the H1 trend. This last trade would have strictly adhered to the trade "WITH the trend" rule. Either way; two or three trades averaging 100 pips each. Not every day is like this; but there are enough opportunities to make trading stress-free and profitable.

Quoting karun
Hi BB,
I see the PA is above the MA's and you took a short, does that mean as long as the PA is not in between those 2 MA's, you will take the trade? irrespective of whether PA is above or below the MA's?
Thanks
  • #10,274
  • May 4, 2009 10:32am May 4, 2009 10:32am
Hi Guys and Gals
Great day for me!. I've started with traying M15 TF - and +100 pips (in fact trend and EURO/USD hepls me). I'v waited for trend changing more than half day - after that I took a trade (not all rules was fullfil ).
Thanks for SpecialEd and BeachBum for good post and tips.
PS R3 was significant resistance because included historical resistance as well.
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  • #10,275
  • May 4, 2009 10:34am May 4, 2009 10:34am
Quoting BeachBum
I was expecting this question.....

Several factors at work here: The distance of price from the 89EMA would suggest a trend change (scroll back and see that history supports this position because price wants to return to the 89 at times like this). I'm willing to lose a little or B/E on a trade setup like this. There was divergence on the H1 to support a short trade. See the "pinbar-like" candle 8 bars to the left? Good short signal!

This why I wrote that each trader should make a strategy "their own". After enough experience you develop...

Thanks for the explanation, BB. I have one more question, why you did not take the entry 3 candles before your marked short. It was also close to MA, Trix has crossed.

I'll try to reason it out, correct me wherever I'am wrong. The couple of reasons I could think of is, Trix is not close to zero line, another reason PA has just been rejected from R2,and you wanted to see if it restest R2 and since it did not clear the cloud you entered here.
  • #10,276
  • May 4, 2009 10:40am May 4, 2009 10:40am
I'm not going to answer because you can figure this out!

What is the very first THV signal I use to plan for a possible trade?

Quoting karun
Thanks for the explanation, BB. I have one more question, why you did not take the entry 3 candles before your marked short. It was also close to MA, Trix has crossed.

I'll try to reason it out, correct me wherever I'am wrong. The couple of reasons I could think of is, Trix is not close to zero line, another reason PA has just been rejected from R2,and you wanted to see if it restest R2 and since it did not clear the cloud you entered here.
  • #10,277
  • May 4, 2009 10:45am May 4, 2009 10:45am
Isn't waiting half a day worth it when you can easily bank 100 pips on the M15? Besides when you use H1 for the first signal you have an hour downtime between candle closures to do something else; even take a nap.......

Quoting RobertFx
Hi Guys and Gals
Great day for me!. I've started with traying M15 TF - and +100 pips (in fact trend and EURO/USD hepls me). I'v waited for trend changing more than half day - after that I took a trade (not all rules was fullfil ).
Thanks for SpecialEd and BeachBum for good post and tips.
PS R3 was significant resistance because included historical resistance as well.
Attachment
  • #10,278
  • May 4, 2009 10:51am May 4, 2009 10:51am
Hello,

This is my first post. So far, I have been a professional lurker on this website and specifically for the past few months, on this thread. I have traded Forex for a couple of years now and I am the epitome of Cobra's Newbie post. I wanted to thank everyone on this thread for the care and dedication that you bring. It is by far the most comprehensive thread on this site. I have been trading on the smaller TF and I am currently looking over SpecialEd's and BeachBum's posts on longer time frames and I have a question for BeachBum. For the life of me, I can't figure out how to set your NLMA's to (13) open and (13) close. Can you shed some light.

Thanks
  • #10,279
  • May 4, 2009 11:02am May 4, 2009 11:02am
Does this help?

Quoting mc2inc
Hello,

This is my first post. So far, I have been a professional lurker on this website and specifically for the past few months, on this thread. I have traded Forex for a couple of years now and I am the epitome of Cobra's Newbie post. I wanted to thank everyone on this thread for the care and dedication that you bring. It is by far the most comprehensive thread on this site. I have been trading on the smaller TF and I am currently looking over SpecialEd's and BeachBum's posts on longer time frames and I have a question for BeachBum. For the...
Attached Image
  • #10,280
  • May 4, 2009 11:07am May 4, 2009 11:07am
0 & 1, so simple.

Thanks
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