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THV system, final edition

  • #10,641
  • May 13, 2009 8:40am May 13, 2009 8:40am
Quoting jharteam
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
The MTF THV goes for 6 lights, but what Cashmeer was implying is that the chart already has 6 lights and if you include divergence calculation as per MissPips(she counts 4 lights for divergence), then it becomes total of 10 lights.

Cashmeer, correct me if I'm wrong and apologies for jumping the gun here
  • #10,642
  • May 13, 2009 8:41am May 13, 2009 8:41am
Quoting cashmeer
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
That is true but cloud histo seems not to be consider in THV MTF Rules that the reason I don't put it on my charts.

I'm doing well without so why complicated ?

Well, go for Luffy
  • #10,643
  • May 13, 2009 8:45am May 13, 2009 8:45am
Hi Karun:

Thanks for the input as well. Somehow, I knew MTF THV needs 'less lights' in a divergence situation; that's why I got a little confused here. Yup, if that's what cashmeer was implying, then it all makes sense to me. Thanks

Have a good one
Jeff


Quoting karun
The MTF THV goes for 6 lights, but what Cashmeer was implying is that the chart already has 6 lights and if you include divergence calculation as per MissPips(she counts 4 lights for divergence), then it becomes total of 10 lights.

Cashmeer, correct me if I'm wrong and apologies for jumping the gun here
~*~You are only one trade away from humility~*~
  • #10,644
  • May 13, 2009 8:45am May 13, 2009 8:45am
Quoting karun
The MTF THV goes for 6 lights, but what Cashmeer was implying is that the chart already has 6 lights and if you include divergence calculation as per MissPips(she counts 4 lights for divergence), then it becomes total of 10 lights.

Cashmeer, correct me if I'm wrong and apologies for jumping the gun here
Thanks Karun...perhaps I did not express myself clearly....

I'm sure Jeff will sort it out, he definitely knows what he's doing
Deprive a man of everything and you give him nothing to lose.
  • #10,645
  • May 13, 2009 9:00am May 13, 2009 9:00am
Quoting cashmeer
Thanks Karun...perhaps I did not express myself clearly....

I'm sure Jeff will sort it out, he definitely knows what he's doing
No worries.

BTW, you remember the EJ divergence trade on 4H, where we were discussing about Trix TL breaks? after the TL break the PA started moving up and it looks a like a pull back. The price started going down later, the EJ also has divergence on Daily, so I think this will takes its time to move down. I did re-enter this trade @ 131.75 and still holding if this breaks 130.50 convincingly I'll add another lot to this. Lets wait and see.
  • #10,646
  • May 13, 2009 9:08am May 13, 2009 9:08am
....Missed out this 'fib perfect' Butterfly for a long scalp...
Attached Image (click to enlarge)
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~*~You are only one trade away from humility~*~
  • #10,647
  • May 13, 2009 9:30am May 13, 2009 9:30am
I wish I could post the sequence of events that took place in the last trade but it's difficult to do after all the T/Ls are drawn....anyhow....


After ignorantly failing to close in profit....I found myself in a trade at - 6 pips...

The charts were telling me to be almost absolutely sure that PA was about to rocket against me and stop me out.

I closed the trade before PA rocketed through 1.3600 to about 1.3614, well past my ATR S/L...

The reason that I bolded "almost absolutely sure" is that I was almost absolutely sure that it would end up stopping me out.

I do not close trades that move against me just because I'm slightly negative in a trade...that's a sure way to deplete your balance...at the same time, there is no need to let your self get stopped out if you're pretty darn sure you're in a losing trade...

I found that it requires a lot of practice to find a balance...it's an ongoing process

Sorry if this was not clear....I'm sure someone else could provide a better explanation...
Deprive a man of everything and you give him nothing to lose.
  • #10,648
  • May 13, 2009 9:39am May 13, 2009 9:39am
Hi B:

I hear you loud and clear; and perfectly understand what you were trying to convey. Especially in scalping, we need to have hardcore discipline in scraping the trades that are not working in the first instance price actions going against us and breaching of important chart points. No worries, next trade...

Have a good one
Jeff


Quoting cashmeer
I wish I could post the sequence of events that took place in the last trade but it's difficult to do after all the T/Ls are drawn....anyhow....


After ignorantly failing to close in profit....I found myself in a trade at - 6 pips...

The charts were telling me to be almost absolutely sure that PA was about to rocket against me and stop me out.

I closed the trade before PA rocketed through 1.3600 to about 1.3614, well past my ATR S/L...

The reason that I bolded "almost absolutely sure" is that I was almost absolutely sure...
~*~You are only one trade away from humility~*~
  • #10,649
  • May 13, 2009 9:51am May 13, 2009 9:51am
Quoting jharteam

Especially in scalping, we need to have hardcore discipline....No worries, next trade...

Have a good one
Jeff

You said it!!!

No worries, next trade!
Deprive a man of everything and you give him nothing to lose.
  • #10,650
  • May 13, 2009 9:58am May 13, 2009 9:58am
Quick Scalp...

As jharteam said, no worries next trade, this was the next one...

Considerations:

1.) Clear Divergence
2.) Break of TRIX T/L
3.) 6 points with Misspips divergence calculation.

There was nice convergence with the upward sloping PA T/L and the Coral...PA stopped right there...

It seems PA can't make up it's mind about 1.36000
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Deprive a man of everything and you give him nothing to lose.
  • #10,651
  • May 13, 2009 11:02am May 13, 2009 11:02am
can someone with experience of the standard THV indicator on larger timeframes
for clarity confirm that the THV only potentially repaints the *last* bar
on larger timeframes i.e. hr4, daily, weekly... ?

thanks!
  • #10,652
  • May 13, 2009 11:06am May 13, 2009 11:06am
Quoting creativename
can someone with experience of the standard THV indicator on larger timeframes
for clarity confirm that the THV only potentially repaints the *last* bar
on larger timeframes i.e. hr4, daily, weekly... ?

thanks!
If you mean it only paints the condition at close of that bar, you are correct.

Let me try to clarify that. I don't look at THV on H4, D1 or W1, but I do extensively on H1 and M30. The current candle will repaint over and over, as conditions change over the duration of that candle. Then, the final "paint" is the color at close.

If there are any erroneous repaints after close, I have not seen them, been able to prove them, or felt them a hindrance.
Up or down, gimme a ticket
  • #10,653
  • May 13, 2009 11:09am May 13, 2009 11:09am
[quote=cashmeer;2731511]I wish I could post the sequence of events that took place in the last trade but it's difficult to do after all the T/Ls are drawn....anyhow....


After ignorantly failing to close in profit....I found myself in a trade at - 6 pips...

I found that it requires a lot of practice to find a balance...it's an ongoing process
quote]

Great point! I too as many traders I'm sure have a challenge with this. Follow the 10 pip profit (for THV's) or go for an organic discretionary decision about where to exit based on other factors/analysis like psych levels, s/r, etc...

I found that for me..if I "know" that it's going to spike in my direction I will wait a bit more but if I give back my excess profit so that it is reduced to a mere 10 pips, I'll just take the 10 and call it a trade and wait for the next one.

Wait... that's one of my main issues that I'm getting better at everyday.. that is the plan.

Thanks for the posts... they help me (and others I'm sure) tremendously.
Pipnosis "Mistakes are the portal of discovery." - James Joyce
  • #10,654
  • May 13, 2009 11:13am May 13, 2009 11:13am
Hi FF, ,

I would like to know what does this parameters mean in the THV3_SDX-TzPivots_v4

1- Loacal_HrsServerTzFromGMT
2- Destination_HrsNewTZfromGMT

My broker is GMT+2 and i am in GMT+3 zone, then what should be the setting for the above parameters ?

thanks
  • #10,655
  • Edited 11:24am May 13, 2009 11:23am | Edited 11:24am
Another profitable set up that I missed ( on 1min you can't hesistate ... ) but this is part of a trader life I think ...

oups and I forgot to mention a Coral break on my pictures.
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  • #10,656
  • May 13, 2009 11:23am May 13, 2009 11:23am
Quoting amberfm
Hi FF, ,

I would like to know what does this parameters mean in the THV3_SDX-TzPivots_v4

1- Loacal_HrsServerTzFromGMT
2- Destination_HrsNewTZfromGMT

My broker is GMT+2 and i am in GMT+3 zone, then what should be the setting for the above parameters ?

thanks
Your timezone has nothing to do with this setting. This has been explained in the manual in the first post of this thread.
  • #10,657
  • May 13, 2009 11:23am May 13, 2009 11:23am
Good spike, good spike, good boy. Went long on 6 Green 15M GBP/USD. Good argument that this is just the start of the move, however I was "organic and discretionary" on this exit. Got it at 152.78, got out at 152.08.. so that one worked out even though it was below the coral, it was above the cloud.

Next.

It really works. Those quick profit trades sometimes make it hard to wait.. but I'm just going to get back in my shelter and wait for the squirrel to pop it's head out again.





[quote=Pipnosis;2731766]
Quoting cashmeer
I wish I could post the sequence of events that took place in the last trade but it's difficult to do after all the T/Ls are drawn....anyhow....


After ignorantly failing to close in profit....I found myself in a trade at - 6 pips...

I found that it requires a lot of practice to find a balance...it's an ongoing process
quote]

Great point! I too as many traders I'm sure have a challenge with this. Follow the 10 pip profit (for THV's) or go for an organic discretionary decision about where to exit based on other factors/analysis...
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.usd m15.gif Size: 22 KB
Pipnosis "Mistakes are the portal of discovery." - James Joyce
  • #10,658
  • May 13, 2009 11:28am May 13, 2009 11:28am
Hi Ed,

The trix does repaint one bar back after that bar has closed on occasion (This happens when it is flat, and you should be exercising caution anyway in that case.). I have posted screenshots of this happening in Cobra's development forum. I can confirm that I have only seen it doing this one bar back, and I watched it quite a bit while developing the MTF indies. I watched the 1, 5 and 15. It should work the same on all tfs.

Quoting SpecialEd
If you mean it only paints the condition at close of that bar, you are correct.

Let me try to clarify that. I don't look at THV on H4, D1 or W1, but I do extensively on H1 and M30. The current candle will repaint over and over, as conditions change over the duration of that candle. Then, the final "paint" is the color at close.

If there are any erroneous repaints after close, I have not seen them, been able to prove them, or felt them a hindrance.
  • #10,659
  • May 13, 2009 11:30am May 13, 2009 11:30am
Thanks Monkeyluffy

please where can we take the indicators and could you give us the template about your chart?

its nice
  • #10,660
  • May 13, 2009 11:34am May 13, 2009 11:34am
Looks like EJ has a strong support at 130.50 - 130.20, it tried to break 130.2x twice and failed. It has to clear the rectangle area in the chart for any considerable down side move any further. However there has been a divergence in play in Daily TF.

Also in the 4H chart you can see Bullish divergence, I ignored it because the Trix is still in Red. Lets see how this pans out.
Attached Image (click to enlarge)
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