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THV system, final edition

  • #10,621
  • May 13, 2009 5:31am May 13, 2009 5:31am
Hi everyone, nice to meet you all !

I'm new to forex factory and new to the THV system, trade since 2 years and trade this system since little bit more than two weeks with great success, thank you so much for that to everyone and in particular Cobra and all great coders .

I will try to post some charts in order to see the opinion of seniors THV traders here.

I already have a question on a trade I didn't take on EURJPY ( as I only trade EURUSD ) from this morning seen in real time. The question is for traders who trades this pair which MM they used on it. I know MM is 10pipsTP 15pipsSL on EURUSD but as EURJPY is more volatile I think, maybe MM should be modify ?

I have great success on EURUSD but I'm looking to trade EURJPY as well so please don't hesitate to give me your advice on this pair.

Thank you all for your great work and see you soon

sorry for my english I'm french ...
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  • #10,622
  • May 13, 2009 5:46am May 13, 2009 5:46am
Quoting MonkeydLuffy
Hi everyone, nice to meet you all !

I'm new to forex factory and new to the THV system, trade since 2 years and trade this system since little bit more than two weeks with great success, thank you so much for that to everyone and in particular Cobra and all great coders .

I will try to post some charts in order to see the opinion of seniors THV traders here.

I already have a question on a trade I didn't take on EURJPY ( as I only trade EURUSD ) from this morning seen in real time. The question is for traders who trades this pair...
hi man! i love your template! can u share it?
  • #10,623
  • May 13, 2009 5:51am May 13, 2009 5:51am
Quoting MonkeydLuffy
Hi everyone, nice to meet you all !

I'm new to forex factory and new to the THV system, trade since 2 years and trade this system since little bit more than two weeks with great success, thank you so much for that to everyone and in particular Cobra and all great coders .

I will try to post some charts in order to see the opinion of seniors THV traders here.

I already have a question on a trade I didn't take on EURJPY ( as I only trade EURUSD ) from this morning seen in real time. The question is for traders who trades this pair...
Welcome to the thread mate!
I use EJ myself as my only pair. It is advised to concentrate on one pair by seniors here so just following their advise. As for SL I normaly use 17 pips for EJ or the one calculated by infopanel indicator(based on ATR ) on 1 min TF, which ever is higher, depending upon trading conditions.
Its just a photocopy of EU with high yield. Also dosen't make a fool out of you like GJ does a lot of times.
Spend some time, plenty of help available here.
Cheers
Kaz
  • #10,624
  • May 13, 2009 5:53am May 13, 2009 5:53am
Hello MonkeydLuffy:


Nice colors, nice chart, nice trade!

Hopefully your questions about E/J can be answered by the likes of nuancom, scrutch or Cobra....they run that pair.



Quoting MonkeydLuffy
Hi everyone, nice to meet you all !

I'm new to forex factory and new to the THV system, trade since 2 years and trade this system since little bit more than two weeks with great success, thank you so much for that to everyone and in particular Cobra and all great coders .

I will try to post some charts in order to see the opinion of seniors THV traders here.

I already have a question on a trade I didn't take on EURJPY ( as I only trade EURUSD ) from this morning seen in real time. The question is for traders who trades this...
Deprive a man of everything and you give him nothing to lose.
  • #10,625
  • May 13, 2009 6:06am May 13, 2009 6:06am
Quoting kaizasoze
BeachBum, SpeacilEd plus all of us who are trading/experimenting on higherTF (15min+)..i'd like to share a few observations:
I noticed that sudden change on trend/breakout is best indicated(so far) by 4hrFast histo(experimenting on 15min TF). Still working out on using the best way to use histos for entry/exits?
Unfortunately I can produce 5min chart as I by mistake reset the trix histo on 15 min thus can't show it properly.
I am mainly testing on 15 min with a derivative of a strategy by BB and SpecialEd. Manage it on 5 min. Work in progress..I'd...
Hi Kaz,

Price has been funky lately, but my best set-up for entering on M30 is:
M30Fast, M30Slow, H1Fast all same color on the close (M15Fast optional), combined with M30Cloud and H1 Cloud being same color as well.

I generally exit my M30 trades when I've gotten 20+ PIPs or when M30Fast Histo changes color. I don't wait for the close on this. I close the trade as soon as M30F changes.

I've also been experimenting with low-volume trading on the M5, when M1Fast, M5Fast and M5 Cloud close on the same color. I usually try only for 5-10 PIPs on this set-up. Exit when M1Fast or M5Fast changes color.

Good luck,
Ed
Up or down, gimme a ticket
  • #10,626
  • May 13, 2009 6:20am May 13, 2009 6:20am
Quoting kaizasoze
Welcome to the thread mate!
I use EJ myself as my only pair. It is advised to concentrate on one pair by seniors here so just following their advise. As for SL I normaly use 17 pips for EJ or the one calculated by infopanel indicator(based on ATR ) on 1 min TF, which ever is higher, depending upon trading conditions.
Its just a photocopy of EU with high yield. Also dosen't make a fool out of you like GJ does a lot of times.
Spend some time, plenty of help available here.
Cheers
Kaz
Thanks for the quick reply I will try with 17 pips in demo and will see how it goes.

Quoting cashmeer
Hello MonkeydLuffy:
Nice colors, nice chart, nice trade!
Hopefully your questions about E/J can be answered by the likes of nuancom, scrutch or Cobra....they run that pair.
Ok I will also wait for their answers !! I have to say a big thank you to you too, as your charts have been a real inspiration during this two weeks I traded the system so keep them coming you do a great job helping new comers as myself
  • #10,627
  • May 13, 2009 7:15am May 13, 2009 7:15am
Another trade on EURUSD

+10 pip and more if you wait MS1 ...
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  • #10,628
  • May 13, 2009 7:16am May 13, 2009 7:16am
Quoting cobraforex
Try to concentrate you on only one pair and learn the character of it, it doesn't matter where the pips are coming from.
Yea, maybe your right, as a newbie I was thinking the more oportunity the better. but I see now that I am dealing with to many currencies.
  • #10,629
  • May 13, 2009 7:29am May 13, 2009 7:29am
Quoting MonkeydLuffy
Another trade on EURUSD

+10 pip and more if you wait MS1 ...

Monkey (Can I call you that LOL...or I'll just call you Luffy)


That was a great trade...if we could just wait all day for those kind of setups we would all be less stressed! Please keep posting your charts...

Also, I wanted to ask you if you intentionally left out the MTF cloud indicator...I found that it too proves to be helpful...


Thanks,
Cashmeer
Deprive a man of everything and you give him nothing to lose.
  • #10,630
  • May 13, 2009 7:33am May 13, 2009 7:33am
Quoting MonkeydLuffy
Another trade on EURUSD

+10 pip and more if you wait MS1 ...
I like your chart setup
  • #10,631
  • May 13, 2009 7:48am May 13, 2009 7:48am
I was out of the office for a bit so I did not catch all of these PIPs but the chart shows where I normally enter on the M30. The 0830gmt candle closed with M30S, M30F, H1F and M30C(loud) all the same color (red). For added confidence, the M15F and H1C were also red.

I check my chart every 30 minutes, at 1 minute before the half. I like to take the trade at the beginning of the move. If I miss it, like I did today, then I work down the timeframes, looking at M15 and maybe M5, to catch the next ride.

Biggest challenge continues to be knowing when to get out of a good trade. In this case, one could have picked up 100 pips in 3 1/2 hours with patience, because M30F (my exit signal) never appeared.

Hope it helps. As I said, I don't catch all these pips, because I'm just not that good, but I am gaining confidence in my set-ups. In time, that will lead to more pips, I think.

Good trading to all.
Ed

Edit: FYI, maximum drawdown on this trade was a meager 10 PIPs! (3585 to 3595, then down).
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Up or down, gimme a ticket
  • #10,632
  • May 13, 2009 7:57am May 13, 2009 7:57am
Quick 40+ Pips...

Considerations:

1.) Double Divergence
2.) Bounce off of the FPV
3.) 6 MTF lights, 10 if you use Misspips' divergence calculation.

Short at break of cloud 1.3631 partial close at 1.3600 and close at S1.
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Deprive a man of everything and you give him nothing to lose.
  • #10,633
  • May 13, 2009 7:59am May 13, 2009 7:59am
muchas gracias

i start trade 2 days ago the strategy and today i make my firts 10 pips live

i run also a EA Swiss Army EA v 1.51 its a help ea

i run the Ea to put the TP and STOP automatic and fast

so its a semiautomated strategy

eur/usd m5
Attached File(s)
File Type: ex4 Swiss Army EA v1.51.ex4   29 KB | 855 downloads
  • #10,634
  • May 13, 2009 8:16am May 13, 2009 8:16am
Quoting jucaorma
muchas gracias

i start trade 2 days ago the strategy and today i make my firts 10 pips live

i run also a EA Swiss Army EA v 1.51 its a help ea

i run the Ea to put the TP and STOP automatic and fast

so its a semiautomated strategy

eur/usd m5
Hi,

I often heard about the swiss ea before. The problem is that cobra recommend to do charting with meta trader and take trades with a non meta trader broker like oanda.
  • #10,635
  • May 13, 2009 8:20am May 13, 2009 8:20am
Quick 10 pips from the cloud to the Coral...


Considerations:

1.) Bearish Divergence
2.) 6 MTF lights, 10 if you use Misspips' calculation
3.) Potential for retest of 1.3600 ...which is just did...

good for 20 + pips with some patience


Short at break of cloud...
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Deprive a man of everything and you give him nothing to lose.
  • #10,636
  • May 13, 2009 8:26am May 13, 2009 8:26am
Hi B:

I think I have missed something here. I thought the MTF THV is going for 6 lights? When did MissPips change to 10? TIA

Have a good one
Jeff


Quoting cashmeer
Quick 10 pips from the cloud to the Coral...


Considerations:

1.) Bearish Divergence
2.) 6 MTF lights, 10 if you use Misspips' calculation
3.) Potential for retest of 1.3600 ...which is just did...

good for 20 + pips with some patience


Short at break of cloud...
~*~You are only one trade away from humility~*~
  • #10,637
  • May 13, 2009 8:27am May 13, 2009 8:27am
Quoting masoud123
Hi alsmith

pleas give me this indicator, the select below photo
I believe this is the one
Attached File(s)
File Type: ex4 FerruFx_Multi_info THV.ex4   81 KB | 973 downloads
  • #10,638
  • May 13, 2009 8:30am May 13, 2009 8:30am
Hi Jeff:

I thought that was in the manual...let me read it again....

I thought every light was a point...6 points for a trade

so 6 MTF lights in a normal trade

and in a divergence trade, the divergence itself counts as four points but there must be at least one light of the remaining two in the first two rows of the 1 min setup.

Let me look through it again...

I'm almost sure that is what she indicated....perhaps that's still in beta mode....oops....

nevertheless, both of those trades were 6 MTF lights even without the 4 points from divergence...

I hope I have not confused people !!
Deprive a man of everything and you give him nothing to lose.
  • #10,639
  • May 13, 2009 8:32am May 13, 2009 8:32am
Quoting MCFly
Hi,

I often heard about the swiss ea before. The problem is that cobra recommend to do charting with meta trader and take trades with a non meta trader broker like oanda.
That is exactly what I do, I use MT4 and VT Trader for charting but use Oanda strictly for trading. Used many FX brokers, Oanda is bar none the best
  • #10,640
  • May 13, 2009 8:38am May 13, 2009 8:38am
Thanks alot B. I'll go check it out again as well.


Quoting cashmeer
Hi Jeff:

I thought that was in the manual...let me read it again....

I thought every light was a point...6 points for a trade

so 6 MTF lights in a normal trade

and in a divergence trade, the divergence itself counts as four points but there must be at least one light of the remaining two in the first two rows of the 1 min setup.

Let me look through it again...

I'm almost sure that is what she indicated....perhaps that's still in beta mode....oops....

nevertheless, both of those trades were 6 MTF lights even without the 4 points from divergence...

I...
~*~You are only one trade away from humility~*~
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