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THV system, final edition

  • #10,421
  • Edited 3:35pm May 7, 2009 3:08pm | Edited 3:35pm
EU M1 Chart: From where the PA was around the time of the last two relative volume hikes, it looks to me the US traders were signing off with "...ok, we got some good prices on those last shorts..." Now, Deadsville until the asian traders come on board. The PA is a lot higher than when they last signed off, so they may have an interest in knocking it down a peg or two....and THAT will make the US traders some money! Just speculation, for all I know the US traders could have gone long at the highs......? Volume is very light as the PA drifts higher now. Could it be there is one more attempt at high volume shorting coming up?

Edit: 2nd chart. Yep, that is EXACTLY what someone was doing (imho)....a relative volume hike at the top of the PA and a follow-up hike as the PA began dropping under the weight of someone's shorting.....getting the rest of the shorts on, before the PA dropped too much.
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  • #10,422
  • May 7, 2009 3:39pm May 7, 2009 3:39pm
Absolutely NOT you personalme............sorry for the confusion !!!

I was referring to: zero2vmdotco

Quoting personalme
Hi BeachBum. Sorry to ask, do you mean me? Just to clarify since I never PM you and I hope I'm not doing something wrong here.
  • #10,423
  • May 7, 2009 3:41pm May 7, 2009 3:41pm
I sure as hell better NOT be on his "Buddy List"............

Quoting MissPips
Agree. (Not you personalme, Mr Zero). I emailed him with information where to get the indies and template, and got back a spam email for what looked like an invitation to join an MLM for an energy drink, followed by a request to call his phone number.) And, btw he has you listed on his buddy list.
  • #10,424
  • May 7, 2009 3:43pm May 7, 2009 3:43pm
Quoting zero2vmdotco
Can some one plz help me setting up the charts with the best possible trade to look for. I m so confused and really need some help who s having a great success using this indicators with any add on's. I have 3k sitting in live account with fxcm. ONce i get it goingi dont mind sharing 5-7 % profits revenue with the helper for life.. I mean it.. I will open all my info to contact me and i will send results each day so u know how much is ur share..

But please someone help me. I really need it..
I can be reach at [email protected]...
It's none of my business, but if you can't understand this system, why not move on to one you can understand?
  • #10,425
  • May 7, 2009 3:46pm May 7, 2009 3:46pm
Thanks for the complement................

Here is something I learned a long time ago and it has more meaning today than ever before:

If a person can't trade D1, H4 and H1 profitably, they should NOT even THINK about trading on smaller time frames. Get profitable on large time frames, then move to the smaller. Most newbies think they should start on M1 and/or M5 (that's what I was taught in 2004). WRONG...WRONG...WRONG !!!

Quoting Poocher
Beachbum can you blame zero2vmdotco for wanting your help?

I'd like personal tutoring from you too!...I admire your higher timeframe trades.

Anyway I emailed zero2vmdotco the indicators and a template.
  • #10,426
  • May 7, 2009 3:47pm May 7, 2009 3:47pm
Quoting billbss
It's none of my business, but if you can't understand this system, why not move on to one you can understand?
Spammer in disguise..................................
  • #10,427
  • May 7, 2009 3:54pm May 7, 2009 3:54pm
Quoting BeachBum
Spammer in disguise..................................
Hey, you outed me
Attached Image
  • #10,428
  • May 7, 2009 4:19pm May 7, 2009 4:19pm
Quoting traderathome
It is getting those labels from a "hidden" indy that is also providing the data for the MTF Trix display. You'd have to go into that "hidden" indy and find a way to change the hard code to not display those labels. There might be another way, but that is how I see it.
Thank you for the advice. I managed by changing the colour of the text labels.
  • #10,429
  • May 7, 2009 4:24pm May 7, 2009 4:24pm
Quoting robmanz
Thank you for the advice. I managed by changing the colour of the text labels.
Good idea....using color "CLR_NONE" ?
  • #10,430
  • May 7, 2009 4:56pm May 7, 2009 4:56pm
Greetings everyone:

Only got to sit at the PC for a short while this afternoon, and I was not paying attention when I should have but managed to stay a trade...

Just wanted to share my thoughts...

On the chart I have indicated 3 points, A,B and C.

A. is the point at which I should have entered the trade (although I was not looking at the charts at the moment.)

The considerations would have been:
1.) 2nd Divergence and bounce off of MR3
2.) 6 MTF lights according to the 1 min 2,4,6 Rules.
3.) Break of Cloud within 3 bars.

(MissPips, if I violated the Coral rule, please let us know)


B. Is where I actually noticed the trade and entered at the break of the PA T/L and the TRIX T/L. At that time I had 6 MTF lights. The trade moved in my favor a few pips and then moved against me.

C.) Is the point where I was to make a decision to stay the trade or exit with a minimal loss. If the TRIX had broken the T/L, especially considering the fact that there was clear bullish divergence, I would have exited. Since it did not penetrate the T/L, I stayed in and made the 10 + pips...


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What I am trying to say, maybe not concisely, is that there are times when the charts will tell you to get out of a trade, or even reverse your position without having to let it hit your S/L...

If anyone has critical comments about this, I would love to hear them...

Thanks,
Cashmeer

PS: Sorry for the lengthy post.
Deprive a man of everything and you give him nothing to lose.
  • #10,431
  • May 7, 2009 5:12pm May 7, 2009 5:12pm
Quoting windelevel

Hello Friends ...

I ended up making a trade that wrong.
I would like to know the opinion of you ... Where did wrong ...

Thanks

Edit: Entry Buy in 18:42 Alpari UK (GMT 16:42)

Attachment


Hi Windelevel:

I was looking at your chart...by the way, are you using the MTF indicators to assist in your trading?

Anyhow, I looked at it and to be honest, I can see why you entered, and this maybe just a case where you have to lose some trades.

As with my last post, the better entrance would have been after the bounce off of R2 and 2nd divergence, when PA broke the cloud. Depending on what price you entered you may have achieved 10 pips.

Also, according to your post, your stop loss was hit 2 or 3 cycles later...and there where many signals in the the MTF and trix indicating that maybe this trade was moving in the opposite direction. I think you could have exited the trade two or three times with a minimal loss...

I am sorry if this is the wrong advice...someone correct me. I know that some people enter a trade, set the S/L and let the trade play out entirely and probably that works....however, I think that that is not always necessary if the PA and indicators are giving signals that a trade is moving in the opposite direction....

Let me know what you think...
Deprive a man of everything and you give him nothing to lose.
  • #10,432
  • Edited 7:19pm May 7, 2009 5:35pm | Edited 7:19pm
EU M1 Chart: New session, new slate.......traders pumped it and immediately began shorting it. The second stage of heavy relative volume began at a PA high and started it downward again. I expect more of this BS manipulation. But the point is that all gains from the pump have been given back, and unless they repeat the process, the overall movement might now begin to the downside. If it does (without further extreme pumps) then we will have a strong message from the asian session traders.....DOWN! Why? Because usually they will work the PA for 40 to 60 pips or more in one direction before they reverse it in preparation for the euro session traders coming on line. And so far, they only pumped it a meager 18 pips before shorting it so heavily that the PA started to move rather consistently downwards again. Since this is all in the vein of speculation, don't bank on it. But I do find myself thinking "Down".

Edit: No sooner said, than another pump arrives on the scene....starting lower and ending lower than the first, but for about the same number of pips...18. Will they short it down like the first time, for about 27 pips? Is 18 up, 27 down going to be the asian trader's song tonight? No, not likely. It is early in the session with lots of time to bring out lots of surpises. I'll call it "directionless" with "down" in the back of my mind.

Edit: 2nd chart, M15, shows nice start of downward move. My target is mS1. BB FE 424% coincides.
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  • #10,433
  • May 7, 2009 7:46pm May 7, 2009 7:46pm
Quoting cashmeer
Hi Windelevel:

I was looking at your chart...by the way, are you using the MTF indicators to assist in your trading?

Anyhow, I looked at it and to be honest, I can see why you entered, and this maybe just a case where you have to lose some trades.

As with my last post, the better entrance would have been after the bounce off of R2 and 2nd divergence, when PA broke the cloud. Depending on what price you entered you may have achieved 10 pips.

Also, according to your post, your stop loss was hit 2 or 3 cycles later...and there where many signals...
Hi Cashmeer,

At the time I was not using the MTF indicators, but now realized that it is essential, because looking at him I saw that my entry was only 4 green lights ....

For I have not left hand of the market, it is because I believed that the PA would go up, because as you can see in the picture below, not the Trix break the TL.... And when he break the TL Trix had reached my SL.

In relation to his previous post in this, I got a doubt. You came with an order of Sell without having 6 red lights? Because the image you posted so I identified 4 ~ 5 lights.

Thank you for commenting on my order and to be helping me ... I am very grateful.

Sorry if you have not understood something, my English is very bad ...

Have a great Friday


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I am Brazilian and I never give up!
  • #10,434
  • May 7, 2009 7:57pm May 7, 2009 7:57pm
EU M1 Chart: Blue rectangle shows current PA range. Fib extensions off that range give plausible targets. PA came down to support (yellow line), bounced up and aimed at it again. This time PA broke down thru support, came back up to test it, and broke up thru it. Then PA dropped down thru it and ran along underneath it. Now PA is dropping away from this support line. If PA breaks below range, I think we have a short trade.....with targets marked by fib extensions, and I see mS1 right between FE 162% and 262%, so that looks good providing the PA cooperates. Note the volume near the highs of the range, and the volume as the PA now drops. This display of increased relative volume at highs, to me, indicates shorting at the highs. The increased volume as the PA now drops, to me, means more are jumping on board to short before PA drops more. When we have high relative volume at the lows, to me, it means the prof. traders are supporting it then. They might do this even if they are taking on short positions, in order to hold up and then rebuild the price for more shorting....they don't want it to get too low until they are finished taking on their short positions, and they have to spread that effort out over a lot of time in order to not force the PA down prematurely. If it does drop too low, then they jump in and support it, but maybe only temporarily until they get the rest of their shorts filled.
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  • #10,435
  • Edited 9:14pm May 7, 2009 7:59pm | Edited 9:14pm
Here is my losing trade. I got out with smaller SL on it.
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  • #10,436
  • May 7, 2009 8:12pm May 7, 2009 8:12pm
Quoting BeachBum
This person should be blocked from this thread; I have had so many PMs from him asking for help it's a nuisance (I've personally blocked his messages!).
Aye aye Captain, that's done.
  • #10,437
  • May 7, 2009 8:15pm May 7, 2009 8:15pm
Quoting kerty9
Here is my losing trade. I got out with smaller SL on it.
You have way too much stuff in your chart, I wonder is you still can see to where price is heading?

Try to clean it up a bit and you will trade much better.
  • #10,438
  • May 7, 2009 8:31pm May 7, 2009 8:31pm
EU M1 Chart: Cleaned up the display...easy to see top/bot of range which PA has most recently been playing just below. A drop below the half number (1.3350) I believe may start a run down. My target is still mS1= 1.3329 area because it lies between FE 162% and 262% off the range.
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  • #10,439
  • May 7, 2009 8:38pm May 7, 2009 8:38pm
Quoting cobraforex
You have way too much stuff in your chart, I wonder is you still can see to where price is heading?

Try to clean it up a bit and you will trade much better.
I have 1m MTF setup and similar setup adopted for 5m on one chart. I use 5m MTF for signals and 1m MTF for best entry off 5m chart. 1m chart is too noisy for me, so I stay with 5m chart. It does get very messy. I am still learning and cleaning up my chart as I learn.
  • #10,440
  • May 7, 2009 8:53pm May 7, 2009 8:53pm
Quoting kerty9
I have 1m MTF setup and similar setup adopted for 5m on one chart. I use 5m MTF for signals and 1m MTF for best entry off 5m chart. 1m chart is too noisy for me, so I stay with 5m chart. It does get very messy. I am still learning and cleaning up my chart as I learn.
If you have two screens or more, you could have the airplain cockpit on one and the basic THV and a candlestick chart on another.

Otherwise I would try to get off what you don't really need.

As more points you need to take in account for a trading decision as more time it will take you to execute it and sometimes may be too late and a good scalp trade will be converted in a headache.
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