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THV system, final edition

  • #10,341
  • May 6, 2009 2:46am May 6, 2009 2:46am
Quoting killz808
today was a good day. made 130 pips on the eur/yen. thank you thv team for making this possible. oh and for you out there wondering whats my setup. im useing the thv3 template and included the 4 timeframe trix histo and the ichi cloud histo bar. thats it

on the 5 minute chart. sorry.
  • #10,342
  • May 6, 2009 3:27am May 6, 2009 3:27am
First of all i would like to thank you so much for the amazing system. i have had the same problems exactly with the self trading and the EA trading and i came to the resolution that the best method of trading is being on indicators. which on your system are showing a very high promise.

I have been going through you pages one by one. and every page there is a new indicator or an update.

Do you mind if you compile the latest updates for all your indicators and put them in a zipped file or something?

it is very hard to relocate all of them.

Thanks a lot. if there is any zipped file with the latest updates please send me the link for me to download.

I have been testing your system for the past 3 days and what amazing results have i got.

Thanks a lot cobra..

Highly appreciated
  • #10,343
  • May 6, 2009 3:41am May 6, 2009 3:41am
ive been using the original indicators found on the first page of the thread. the default thv3 indicator with the optional 4 tf trix and the ichi cloud histo. thats it. the more indicators ppl add the more confusing and further away from the original we will get. ive had fantastic results with just those.
  • #10,344
  • May 6, 2009 4:03am May 6, 2009 4:03am
You might want to try just one more - the mtf Div histo. That one will just show you when there is divergence on the trix on the higher timeframes. It's something that being aware of can help.

Quoting killz808
ive been using the original indicators found on the first page of the thread. the default thv3 indicator with the optional 4 tf trix and the ichi cloud histo. thats it. the more indicators ppl add the more confusing and further away from the original we will get. ive had fantastic results with just those.
  • #10,345
  • May 6, 2009 4:18am May 6, 2009 4:18am
Quoting caveman
Right now, looking for possible reversal reaction on the Meridian Line I have drawn on a minor upward sloping pitchfork. Not trading today, just watching only. Liquidity is low now since Japan is on holiday.

Edit: Forgot to attach the chart. Seems to have bounced off the ML with fast trix turning up.
Hey CaveMan

You sure called that one! I may have to get you to give me e-mail lessons on that pitchfork! lol

regards all
  • #10,346
  • May 6, 2009 4:35am May 6, 2009 4:35am
I am not qualified to give lessons. Let's share notes instead. Cheers.

Quoting goldsurfer
Hey CaveMan

You sure called that one! I may have to get you to give me e-mail lessons on that pitchfork! lol

regards all
  • #10,347
  • Edited 4:47am May 6, 2009 4:45am | Edited 4:47am
All,
I have been trading higher time frames and have found a setup that happens over and over again that is working well for me after much DEMO testing that I wanted to share as part of my give back to this great community.
Note: I find these rules work on any time frame.

The entry rules I am following don't have to happen in any specific order:

Entry:
1. Fast TRIX steady color or closed color change in trade direction.
2. Stoch (9,3,3) closed cross in same trade direction. (works better if coming out of overbought or oversold)
3. 4 EMA and 7 EMA closed cross in same trade direction.
Note: The closer all three of these happening at the same time, the stronger the move will be.

Exit:
I move to break even once in a comfortable GREEN pip territory. (your risk level may very)
Then I manually trail a stop loss on the high of the previous Heikin-Ashi candle. If the previous candle is an inside bar then i ignore it and wait for the next candle to form.
Note: I am using a variation of the 3 bar reversal method for my exit but since the HA candles are longer than a normal candle I find the previous HA candle seems to work just fine unless there is a retracement before I move to break even. This is why I actively manage my trades and manually move my stops

Enjoy!

The attached picture is a trade I took earlier this evening using these rules.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 2.jpg Size: 154 KB
  • #10,348
  • May 6, 2009 6:07am May 6, 2009 6:07am
hi at all! i'm short now... many divergence on 5'...
Attached Image (click to enlarge)
Click to Enlarge Name: Immagine 1.png Size: 35 KB
  • #10,349
  • May 6, 2009 6:14am May 6, 2009 6:14am
Quoting pattinatore
hi at all! i'm short now... many divergence on 5'...
done
Attached Image
  • #10,350
  • May 6, 2009 6:34am May 6, 2009 6:34am
Quoting MissPips
You might want to try just one more - the mtf Div histo. That one will just show you when there is divergence on the trix on the higher timeframes. It's something that being aware of can help.
MissPips
I seem to have missed this post about MTF div histo while going through thread. Amazing tool indeed.
I have a couple of questions:
1. Do you have a particular target in mind when trading divergence from higher TF on 1 min chart and how do you play them, I mean how many bars/pips till you make a decision that steam on PA may run out soon?
2. Do you still count min 6 bars(2 from 1minfast+5minfast and 4 others) plus div
or does div still counts for 4 bars and we get 2 from anywhere. Am I right?

Thanks a lot for your help.
Cheers
Kaz
  • #10,351
  • May 6, 2009 7:20am May 6, 2009 7:20am
proverbs.............

I looked at your method on the same chart you posted and see as many false signals as good ones. Delayed trading seems to result from waiting for the EMAs to cross on the H1 chart.

On the EUR/JPY, if you took a trade every time the fast TRIX changed color on the H1, you would have winning results. The STO and the EMAs would be unnecessary; just trade the fast TRIX.

Am I missing something?


Quoting proverbs
All,
I have been trading higher time frames and have found a setup that happens over and over again that is working well for me after much DEMO testing that I wanted to share as part of my give back to this great community.
Note: I find these rules work on any time frame.

The entry rules I am following don't have to happen in any specific order:

Entry:
1. Fast TRIX steady color or closed color change in trade direction.
2. Stoch (9,3,3) closed cross in same trade direction. (works better if coming out of overbought or oversold)
3....
  • #10,352
  • May 6, 2009 7:21am May 6, 2009 7:21am
I still use exactly the same rules as before and I count only points generated by the 1 m chart. I don't take all the trades that the 6 points setups give. You can get about 15 to 20 of these setups or more a day depending on how long you trade, and I am only shooting for 20 real pips a day, though I am logging all of the setups. while I am trading. So I am looking for only the best setups for my live trades and what I use these divergences on the higher tf for is confirmation of the best setups or rejection of the dubious ones. For example, if I see positive divergence on the 5 or 15 min followed by a positive divergence on the 1 min, I'll be more inclined to take that trade.

If, on the other hand, I see negative divergence on a higher tf, and a long trade signal on the 1m I won't take that trade. Also if I see conflicting divergences, like positive on the 15 and negative on the 5, I'll just stand aside. Or even worse, positive on the 15, negative on the 5 and then positive and negative on the 1. Then I'll stay out for a while for sure. You get so many opportunities to enter that there's no reason to take any but the best ones, in my opinion (best meaning I don't want to see anything fishy looking at all.)

I do encourage you to actually go over to the other tf and have a look when you see divergence on this indie, because as we know, the trix doesn't always get it right. You still need to confirm for yourself that you can see the divergence.

Quoting kaizasoze
MissPips
I seem to have missed this post about MTF div histo while going through thread. Amazing tool indeed.
I have a couple of questions:
1. Do you have a particular target in mind when trading divergence from higher TF on 1 min chart and how do you play them, I mean how many bars/pips till you make a decision that steam on PA may run out soon?
2. Do you still count min 6 bars(2 from 1minfast+5minfast and 4 others) plus div
or does div still counts for 4 bars and we get 2 from anywhere. Am I right?

Thanks a lot for your help.
Cheers
Kaz...
  • #10,353
  • May 6, 2009 8:05am May 6, 2009 8:05am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Thanks very much for your input MissPips.
I am using this system from last two weeks and it's really good. Well, it make pips!!

I was wondering if all the divergence factors you mentioned can be incorporated into the 5 minute chart.

For instance if they can be used to display when to enter trade along with uptrend, downtred etc in the Trix window that would make this a fantastic system to work with!

It's just a suggestion and I am sure you guys might already be on it. I can't ask for more, I appreciate you guys have developed a good system for everyone's use.


Thanks
ams




Quoting MissPips
I still use exactly the same rules as before and I count only points generated by the 1 m chart. I don't take all the trades that the 6 points setups give. You can get about 15 to 20 of these setups or more a day depending on how long you trade, and I am only shooting for 20 real pips a day, though I am logging all of the setups. while I am trading. So I am looking for only the best setups for my live trades and what I use these divergences on the higher tf for is confirmation of the best setups or rejection of the dubious ones. For example, if...
  • #10,354
  • May 6, 2009 8:39am May 6, 2009 8:39am
Hi All,

I was hoping for some assistance with a small issue (my issue, I'm sure).

A while back I downloaded and setup thv, and am very impressed. Thank you to all involved, especially CF, of course.

I just can't seem to grasp the TZ settings somewhere, , since my THV3 FFCAL is always hour fast.

Would someone be kind enough to help me straighten this out?

Thanks,

DD
  • #10,355
  • May 6, 2009 9:04am May 6, 2009 9:04am
Quoting MissPips
I still use exactly the same rules as before ....

I do encourage you to actually go over to the other tf and have a look when you see divergence on this indie, because as we know, the trix doesn't always get it right. You still need to confirm for yourself that you can see the divergence.
Thanks a lot for a detailed reply MissPips
I am currently going through testing some divergence plays on strategies suggested by BeachBump and SpecialEd. I know trix dosen't always get it right but so far div from trix and MTF div indis are in sync. I am testing on 15 and 30 min TF's.
Cheers
Kaz
  • #10,356
  • May 6, 2009 10:00am May 6, 2009 10:00am
Attached is a little indicator I have used for many years. Just kinda handy to convert time on the chart to local time.

It displays at bottom of chart, is vertical so as to be more exact, and only shows in yellow color (as far as I have ever used). Default time is 4 (hours from data feed). You can set to whatever time in your local from data feed time. Mine is set to "8", as this is number of hours from data feed time to my local time (CST).

Just saves having to mentally adjust time from data feed time to local time.
Attached File(s)
File Type: ex4 time.ex4   4 KB | 754 downloads
  • #10,357
  • May 6, 2009 10:16am May 6, 2009 10:16am
Quoting DemoDrama
Hi All,

I was hoping for some assistance with a small issue (my issue, I'm sure).

A while back I downloaded and setup thv, and am very impressed. Thank you to all involved, especially CF, of course.

I just can't seem to grasp the TZ settings somewhere, , since my THV3 FFCAL is always hour fast.

Would someone be kind enough to help me straighten this out?

Thanks,

DD
Hi DD:

The FFCAL is not an indicator that was developed by anyone in the THV thread; moreover, the FFCAL indicator and the Pivot indicator are separate indicators. I am not sure what problems you are facing.

There should be a setting in the FFCAL indicator to calibrate the indicator with your broker time settings...check it out and see....

If not, please be more specific with the issue and the indicator so we can assist...

Cashmeer
Deprive a man of everything and you give him nothing to lose.
  • #10,358
  • May 6, 2009 10:17am May 6, 2009 10:17am
DaTrader:

It is part of the THV3, it's called the THV3 InfoPanel. Here's the 'indicator'. and my chart template (if that's what you were asking...)

Have a good one
Jeff


Quoting DaTrader
Thanks to all for the great system and thread!!
Could you please tell me where i can find the indicator that you use on the left side of your trix widow and a template if you have it?
I'm trading using a very small screen and getting everything off the right side would be a big help.
Thank You!
Attached File(s)
File Type: tpl thv v3 (variation 2).tpl   46 KB | 822 downloads
File Type: ex4 THV3 InfoPanel.ex4   27 KB | 1,011 downloads
~*~You are only one trade away from humility~*~
  • #10,359
  • May 6, 2009 10:30am May 6, 2009 10:30am
Greetings:

Here was a quick trade. As Misspips mentioned, there are so many trades in the day, one can choose to go with just the best of them. I enjoy trading breaks of a TRIX T/L...

Considerations:

1.) Rejection at 1.33000 (Bias Short)
2.) Trix T/L Break
3.) 6 MTF Red lights..
4.) Confirmation of the trade with Bearish Divergence


Short at 1.3299 and TP at S1 ~ 1.32850. Quick 10-15 Pips.
Attached Image (click to enlarge)
Click to Enlarge Name: thv mtf - 012.jpg Size: 183 KB
Deprive a man of everything and you give him nothing to lose.
  • #10,360
  • May 6, 2009 11:14am May 6, 2009 11:14am
If I understand the autor of that indi well, it calls your PC time.

You might want to try playing with the daylight saving settings in your control panel.

Quoting DemoDrama
Hi All,

I was hoping for some assistance with a small issue (my issue, I'm sure).

A while back I downloaded and setup thv, and am very impressed. Thank you to all involved, especially CF, of course.

I just can't seem to grasp the TZ settings somewhere, , since my THV3 FFCAL is always hour fast.

Would someone be kind enough to help me straighten this out?

Thanks,

DD
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