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THV system, final edition

  • #10,541
  • May 11, 2009 9:00am May 11, 2009 9:00am
..good one!

Quoting BeachBum
Would you like fries with that too?.....................
  • #10,542
  • May 11, 2009 9:04am May 11, 2009 9:04am
Quoting BeachBum
Ed...

I like the fact that the GBP/USD has a greater Daily ATR than EUR/USD without a lot of crazy price spikes or wild moves like the GBP/JPY. And if you like slow, steady and predictable; take a look at AUD/JPY (been very good to me for years!).
Thanks BB. I guess I'd trade GBP/USD same hours of day that I trade EUR/USD (about 4:00am EDT to noon EDT)? Similarly, AUD/JPY, which I've never even looked at (thanks), would trade in the Aussie and Asian sessions only?

Again, thanks. I always read and appreciate your posts.

Ed
Up or down, gimme a ticket
  • #10,543
  • May 11, 2009 9:15am May 11, 2009 9:15am
EJ's trying a retracement test on previous levels...
Just about to call it a day, overbooked at this point.
Attached Image (click to enlarge)
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Listen to the whispers.... You may learn something
  • #10,544
  • May 11, 2009 9:16am May 11, 2009 9:16am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Thanks SpecialEd,

I am now using 30 -60s, 30-60f on EU. Seems to eliminate most of the noise and a good divergence is visible as well.

Thanks
ams



Quoting SpecialEd
Hi AMS. I trade on THV H1 and M30. For H1, I enter when H1F and H1C(cloud) close on the same color. I exit, generally, when M30F(ast) or H1F change color.

I am still experimenting with M30, but I try to get a close with M30F, M30S, H1F and M30C same color. Then exit when M30F changes color.

For more detail, go check out, on this thread, post #s 10186, 10236, 10237 and 10238. Good luck.
  • #10,545
  • May 11, 2009 9:28am May 11, 2009 9:28am
Quoting karun
Updated chart. #1 Entry @ 134.08 SL @ BE Now and #2 Entry @ 132.800 SL @ BE Now, currently the PA is in the area of 132.3x, it has to break below 132.2x for a continuing down ward journey.

Entry criteria Trade #1:-
PA was struggling to break clearly above 134.5x which also is a considerable S/R area.Add divergence to this, it looked like a very good potential trade and I did not look at any other crietria.

Entry criteria Trade #2:-
The second entry was a pending order when the PA was around 132.5x area, where I expected it to bouce to 132.8x...
Adjusted S/L to132.85 for Trade #1, and got stopped out. Trade #2 got stopped out at BE. Will wait for permission on 15M for re-entry.
  • #10,546
  • May 11, 2009 10:09am May 11, 2009 10:09am
I know that everyone likes to respond with a lot of sarcasm to newbie questions, but is there an alert that can be turned on when the slow and fast trix turn the same color?
  • #10,547
  • May 11, 2009 10:24am May 11, 2009 10:24am
Quoting ryanroberts3
I know that everyone likes to respond with a lot of sarcasm to newbie questions, but is there an alert that can be turned on when the slow and fast trix turn the same color?
It was not a "newbie" response but more of a response to the specific request. There are so many possibilities for alerts that the coders will only do it if there is a potential benefit for many users. It is possible one of the coders may do it but their time is valuable (they have to trade too). Just leave it at that and it may happen or it may not. Give it time. BeachBum is just having fun; it's nothing personal and he could have made the same response to an experienced trader.
  • #10,548
  • May 11, 2009 10:26am May 11, 2009 10:26am
Would it be a big deal to ask if it could be an option for little arrows to be painted on the price chart at the time of trix crossings? So an up cross for an up cross, down cross for a down. Mostly to confirm exact cross time and
due to screen limitations sometimes its hard to see for sure the crosses..can't get the trix large enough without interfering with price action view
in the top of the chart. If its no big deal to add as a feature or
could be an add on indicator that would be awesome.

Brian
  • #10,549
  • Edited 10:59am May 11, 2009 10:42am | Edited 10:59am
EJ: So, here is the question. Is the PA movement over for this session, or are they going to stab it up to mS1 = 133.12 before starting the drive down?

Edit: Add M1 chart. Yeah, it sure looks like the upward drive died on the vine. And now the PA is ever so slowly inching down, a bit here and a bit there. So, it looks like shorting time. And with the very tight range, no need for anything but a tight S/L! Now, you all know how suspicious I can get. Wouldn't it be just like them to wait as retailers added on shorts with tight S/Ls, and then whipsawed the PA up to mS1 (maybe even a bit higher) to steal away those short trades before starting the REAL run down!
Attached Image(s) (click to enlarge)
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  • #10,550
  • May 11, 2009 10:54am May 11, 2009 10:54am
Quoting windelevel
Hello Friends,

I'm working on top of a SL / TP and MM that I present here for you, and I would like to know the opinion of all.

(Before continuing, sorry for my bad English ... For help in understanding, will use pictures to demonstrate understanding of all the best.)

[left]Well, let's go!

In this rule all we use is basically on top of percentages.


As an example, we use an account balance of $1.000 U.S. dollars.

In time to make a trader, I use the following rules:...

Hello Friends,

I noticed that nobody said anything about my way of operating ... So I was curious, I wonder what MM you use the time to make a trader.

Thanks

I am Brazilian and I never give up!
  • #10,551
  • May 11, 2009 11:04am May 11, 2009 11:04am
Hi Ed...

True about the GBP/USD if those are your preferred trading hours; but this pair has potential at other times too.

The AUD/JPY starts to move after the NY close; but this is for me one of those "non-news" pairs that I like to trade when there are many news announcements for the more popular ones. I've had good success with this one during the NY session when most traders are watching the USD and EUR. Paying attention to the Daily ATR can help in the decision making process. If the Daily ATR is @150 and this pair has only moved @50 or 60 since the daily open, there is potential for another 100 pips or so in movement. Take a look; I think you'll like what you see.

Quoting SpecialEd
Thanks BB. I guess I'd trade GBP/USD same hours of day that I trade EUR/USD (about 4:00am EDT to noon EDT)? Similarly, AUD/JPY, which I've never even looked at (thanks), would trade in the Aussie and Asian sessions only?

Again, thanks. I always read and appreciate your posts.

Ed
  • #10,552
  • May 11, 2009 11:13am May 11, 2009 11:13am
Quoting BeachBum
Hi Ed...

Take a look; I think you'll like what you see.
Hmm, only problem is I use IBFX, and they don't offer AUD/JPY. That's a bit surprising. Am I the only one seeing this absence?

Thanks BB. I'll at least take hard look at GPB/USD.
Up or down, gimme a ticket
  • #10,553
  • May 11, 2009 11:25am May 11, 2009 11:25am
Quoting traderathome
EJ: So, here is the question. Is the PA movement over for this session, or are they going to stab it up to mS1 = 133.12 before starting the drive down?

Edit: Add M1 chart. Yeah, it sure looks like the upward drive died on the vine. And now the PA is ever so slowly inching down, a bit here and a bit there. So, it looks like shorting time. And with the very tight range, no need for anything but a tight S/L! Now, you all know how suspicious I can get. Wouldn't it be just like them to wait as retailers added on shorts with tight S/Ls, and then whipsawed...
T @ H... Sounds like you've spent some time on the floor . My feelings that mirror yours comes from trading the indices. There always has to be a push up for the MM's to fill enough of their book to make it benifical to push it down again...tricky, they are. Outside of a few long scalps I've been short since 'Asian' session, and it sure looks like the direction will continue down. Tried to establish a HH at 133'ish but failed to do so and I'm watching the 132.5'ish area at the moment. If the push up happens they are going to get me but I've got some green ones locked in.
Listen to the whispers.... You may learn something
  • #10,554
  • May 11, 2009 11:32am May 11, 2009 11:32am
Quoting SpecialEd
Hmm, only problem is I use IBFX, and they don't offer AUD/JPY. That's a bit surprising. Am I the only one seeing this absence?

Thanks BB. I'll at least take hard look at GPB/USD.
Interesting...think I used a IBFX demo before and it was there...? Perhaps they didn't offer it but it doesn't sound right...it's not like an exotic pair. Test their tech support line out, I would think they should have a toll free line.
Listen to the whispers.... You may learn something
  • #10,555
  • May 11, 2009 11:35am May 11, 2009 11:35am
Huh?

Have you selected "Show All" in the Market Watch window? They MUST have it..........

Quoting SpecialEd
Hmm, only problem is I use IBFX, and they don't offer AUD/JPY. That's a bit surprising. Am I the only one seeing this absence?

Thanks BB. I'll at least take hard look at GPB/USD.
  • #10,556
  • Edited 11:39am May 11, 2009 11:36am | Edited 11:39am
I also see a possible pin bar in formation in 4H chart of EJ (Fxpro), so we *may* see price going up one more leg before it goes down, at this stage its and is the answer.

So much for a consipiracy theory...
Attached Image (click to enlarge)
Click to Enlarge Name: e-j-4h-div.gif Size: 34 KB
  • #10,557
  • May 11, 2009 11:39am May 11, 2009 11:39am
Quoting BeachBum
Huh?

Have you selected "Show All" in the Market Watch window? They MUST have it..........
Yes IBFX has audjpy
I trade it all the time on IBFX live.
  • #10,558
  • May 11, 2009 12:31pm May 11, 2009 12:31pm
is the MQ4 source code file available for the thv trix indicator?
  • #10,559
  • May 11, 2009 12:38pm May 11, 2009 12:38pm
Scott...........are you lurking?

..........................

Quoting smjones
Yes IBFX has audjpy
I trade it all the time on IBFX live.
  • #10,560
  • May 11, 2009 12:46pm May 11, 2009 12:46pm
Quoting creativename
is the MQ4 source code file available for the thv trix indicator?
Nope, you just signed up to FF.

For developers with good posting history we have a private board where all source files are accessable but here have been many problems with that theme if you backread the thread, sorry.
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