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THV system, final edition

  • #10,441
  • May 7, 2009 9:05pm May 7, 2009 9:05pm
EU M1 Chart: Half number seeing activity, trade is on....
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  • #10,442
  • May 7, 2009 9:20pm May 7, 2009 9:20pm
Quoting traderathome
EU M1 Chart: Half number seeing activity, trade is on....
Critical point here
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  • #10,443
  • Edited 10:11pm May 7, 2009 9:50pm | Edited 10:11pm
EU M5: Bear channels....going lower is my interpretation.

Edit: 2nd chart, M1, still believing in mS1 as target.
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  • #10,444
  • May 7, 2009 10:10pm May 7, 2009 10:10pm
Quoting traderathome
EU M5: Bear channels....going lower is my interpretation.
hello friend if you could please post the
indicators that you see on the picture, thanks
atentamente
  • #10,445
  • May 7, 2009 10:51pm May 7, 2009 10:51pm
I note when cliclking on a chart for a larger Image it does not work as before, is there a way around this or is it just a fault within my PC? Anyone? Thanks in advance.
  • #10,446
  • May 7, 2009 10:56pm May 7, 2009 10:56pm
Quoting traderathome
EU M5: Bear channels....going lower is my interpretation.

Edit: 2nd chart, M1, still believing in mS1 as target.
Hmm, a doji and a hammer on 1H is against you, but who knows?

I was crazy enough to TP at DP but DP is DP and 20 Pips are 20 Pips.
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  • #10,447
  • May 7, 2009 11:05pm May 7, 2009 11:05pm
Anyone know what activates the alert for the "AlertOnSlopeChange" option in the THV TRIX Indicator?

Is that when the fast trix changes color?

Thanks
James
  • #10,448
  • May 7, 2009 11:10pm May 7, 2009 11:10pm
Quoting poki
I note when cliclking on a chart for a larger Image it does not work as before, is there a way around this or is it just a fault within my PC? Anyone? Thanks in advance.
That's the new fashion way of FF to show attachments.

When you see a square with a cross on the right upper side click in the center (of the square) again and it will show up like before.
  • #10,449
  • May 7, 2009 11:13pm May 7, 2009 11:13pm
I'm curious what some more experienced THV'rs do. When putting on a trade with the 6 lights criteria, do you wait until the timeframe has closed or do you sometimes trade during the time frame when six greens/reds are there? In this picture, I entered when it was 6 greens, but it quickly changed to red, so at the close of the period I didn't have 6 greens. It seems to me that (especially on the 1M histo) that the final color on the 1M histo can be rather arbitrary whether or not that 1M stays a certain color due to normal (and rather small) volatility.

Suggestions? Does anyone have a hard and fast rule about this? If your rule is wait to the close of the TF then how do you reconcile the fact that maybe you got a small spike (either way) during the last 5 seconds of the TF?

Thanks in advance for the feedback. I love the people here.. so giving with your time and experience!

I hope this chart posts ok.. there's a first time for everything!
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Pipnosis "Mistakes are the portal of discovery." - James Joyce
  • #10,450
  • May 7, 2009 11:17pm May 7, 2009 11:17pm
Quoting proverbs
Anyone know what activates the alert for the "AlertOnSlopeChange" option in the THV TRIX Indicator?

Is that when the fast trix changes color?

Thanks
James
Yes James, you got it
  • #10,451
  • May 7, 2009 11:24pm May 7, 2009 11:24pm
Quoting Pipnosis
I'm curious what some more experienced THV'rs do.
I hope this chart posts ok.. there's a first time for everything!
May be MissPips drop by soon and can analize that, the chart is fine.

Meanwhile you can backread some posts of MissPips as she coded the MTF's and is specialized on the light trading.

I'm trading with six screens and have the basic THV loaded together with an analyze chart for each TF, only the 1M scalp TF has one row of MTF Trix and one row of MTF cloud, so I can't give too much feedback on the MTF indis, sorry

BTW: The idea of MTF indicators is to see the trix and cloud condition on higher TF's in one only screen but I have my monitors and I'm happy with them, so why not see different TF's on different screens?
  • #10,452
  • May 7, 2009 11:37pm May 7, 2009 11:37pm
Quoting cobraforex
Hmm, a doji and a hammer on 1H is against you, but who knows?

I was crazy enough to TP at DP but DP is DP and 20 Pips are 20 Pips.
No, Cobra you were right. I'm tired and should stop. What "cloud" settings are you showing in that chart? 2/5/12?
  • #10,453
  • May 7, 2009 11:52pm May 7, 2009 11:52pm
Quoting traderathome
No, Cobra you were right. I'm tired and should stop. What "cloud" settings are you showing in that chart? 2/5/12?
Yep, trying it out at 15M (not my favoriet TF yet), till now looks good.

BTW: That investigation is for the EA which is in developement
  • #10,454
  • May 7, 2009 11:53pm May 7, 2009 11:53pm
Quoting cobraforex
May be MissPips drop by soon and can analize that, the chart is fine.

Meanwhile you can backread some posts of MissPips as she coded the MTF's and is specialized on the light trading.

BTW: The idea of MTF indicators is to see the trix and cloud condition on higher TF's in one only screen but I have my monitors and I'm happy with them, so why not see different TF's on different screens?
Cool, I was looking at 6 screens, that would make sense!

Here's an update... +14 pips. It works, it really works!
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Pipnosis "Mistakes are the portal of discovery." - James Joyce
  • #10,455
  • May 8, 2009 12:02am May 8, 2009 12:02am
Quoting Pipnosis
Cool, I was looking at 6 screens, that would make sense!

Here's an update... +14 pips. It works, it really works!
yes it does, just follow the instructions of MissPips and don't forget that no system is perfect, be prepared to lose some trades as well but take the loss as low as you can without getting hit the SL all the times.

Another tip: don't enter a trade where the signal candle is very long, what goes fast up, comes fast down (mostly) so that aren't the best bets.
  • #10,456
  • May 8, 2009 12:12am May 8, 2009 12:12am
Now comes your moment T@H, bounce or break of the psych level 1.34 ?
  • #10,457
  • May 8, 2009 12:57am May 8, 2009 12:57am
It is important to practice drawing meaningful trend lines in real time. Easier said than done and it takes time and effort to put on the right ones. Take care

Have a good one
Jeff
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~*~You are only one trade away from humility~*~
  • #10,458
  • Edited 1:49am May 8, 2009 1:35am | Edited 1:49am
Price actions are very much over-extended and overlapping in patterns are visible now. "Potential BARF" is still in force; but nothing is being suggested or triggered for the downside yet. Take care

Edited: 1-min negative divergence has been nullified. (shorts being stopped out)

Have a good one
Jeff
Attached Image (click to enlarge)
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~*~You are only one trade away from humility~*~
  • #10,459
  • May 8, 2009 2:28am May 8, 2009 2:28am
Hi Cashmeer,

MissPips is happy to inform you that you haven't broken any rules :-). For a divergence trade you can ignore the break of the coral rule, because in fact, part of what you are trying to capture is the distance between the PA and the coral.

Quoting cashmeer
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...
  • #10,460
  • May 8, 2009 2:48am May 8, 2009 2:48am
Well, I don't really like to comment about a currency I don't trade, but I will make a few observations. The first one is that sometimes I do enter a trade before a bar is closed, but I'll usually wait till the last 20 seconds. I consider that pretty safe on the Euro because it's like a steamroller - once it gets going in the direction of the trend, it's hard to stop. However, in this case, even on the Euro, I wouldn't have done that, because PA has been below the Coral until where you entered. That means the trend was down, and on the Euro, at least, the trend has a tendency to persist. Therefore, I would have expected some resistance at the Coral. Also, like Cobra mentioned, if I see a giant bar, I either won't take it or will wait for a few bars of retrace and for one of the retrace bars to get broken.

The last observation is that Miss Pips is very ecumenical, if you'll pardon the expression. If anybody is on vacation, I'm on vacation too. (Japanese, Brits, French, Germans, Christians, Buddhists, Wiccans, Socialists of the World - you name it and as long as they are Forex traders I observe their holiday ) I also don't trade real pips for two hours before or after a major interest rate statement. If that means I have to sit on my hands for a whole week (like this week) so be it. That is because my feeling is that a trading strategy which is based on momentum andon observations made during conditions of normal liquidity should not be used under different conditions. That's just me though - I know a lot of other people don't follow that.


Quoting Pipnosis
I'm curious what some more experienced THV'rs do. When putting on a trade with the 6 lights criteria, do you wait until the timeframe has closed or do you sometimes trade during the time frame when six greens/reds are there? In this picture, I entered when it was 6 greens, but it quickly changed to red, so at the close of the period I didn't have 6 greens. It seems to me that (especially on the 1M histo) that the final color on the 1M histo can be rather arbitrary whether or not that 1M stays a certain color due to normal (and rather small) volatility....
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