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THV system, final edition

  • #10,981
  • Edited 8:14pm May 26, 2009 7:52pm | Edited 8:14pm
I have attached a chart and hope it becomes more clear.
3 out of 4 lights need to be the same color of H1f,s;H4f,s as well as H4 and H1 both have to be same color.
Until MA's cross to the other side, I only take trades into the direction of the Ma's.
As you can see there were 4 valid signals (marked with arrow and 4 vertical lines) the 3rd signal was not valid, as it was against the trend (ergo no vertical line). However it still delivered 45 pips.

Price must close on other side of the cloud and can not close in no-mans-land - no valid signal otherwise.

As you can see within 24 hours there were 4 signals with a total profit of about 150 pips (conservatively - I would certainly have taken profit earlier than 100 pips on the first trade).

As for S/R I go to a naked daily chart, scrunch it up and draw S/R lines as well as fib (clusters). (Going naked means just candles, no indicators as they may obstruct the candles and candle patterns.

That's all there is to it, let me hear your thoughts.

btw. instead of entering based on the MA's the way I do it, it seems to be even more profitable to use the coral and only enter shorts below it and longs above it (gives you earlier entries compared to my MA strategy)
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 65 KB
Trading Makes Money!
  • #10,982
  • May 26, 2009 8:20pm May 26, 2009 8:20pm
Cencored,

What are the MA's that you are using in this chart:
Purple MA
Green MA
Yellow MA
the double green MA that seems to be inside the PA

You don't use the Coral?

Nice trading day on the longer time frames. I like it. Good Job! http://www.forexfactory.com/images/icons/icon6.gif

The Flying Dutchman
The Flying Dutchman
  • #10,983
  • May 26, 2009 8:31pm May 26, 2009 8:31pm
I love volatile pairs (= more pips per signal )
Here is another great example of my strategy at work:
GBPJPY which dropped off over 300 pips in 24 hours with that strategy. 4 winners, 1 loser.
This time I used the coral to determine whether to go long or short (not the MA crossing like before).

The MA's merely served as no-mans-land restrictions.
Not sure if I actually need them, further backtesting will have to be done on this one (will keep you posted). The one loser had not been a loser, had I taken it in no-mans-land (+35 pips).

Every currency pair has a different T/P, I think it is important to backtest every currency pair you want to trade and figure out a conservative s/l. On the chart below that would be 35 pips.
However you would miss the big moves on this volatile pair, so it may pay off to scale out - take half profit at 35 pips, go BE and let the trade run.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 61 KB
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  • #10,984
  • May 26, 2009 8:50pm May 26, 2009 8:50pm
Flying Dutchman, I use the coral.
The Ma's are the same as Beachbum's.
Please re-read the last part of the thread if you want to get the full picture first.


@ all: which currency pairs do you trade this method with? All the 7 major ones?
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  • #10,985
  • May 26, 2009 10:16pm May 26, 2009 10:16pm
Could I use this systems for EURUSD?

Thanks

Quoting Cencored
Flying Dutchman, I use the coral.
The Ma's are the same as Beachbum's.
Please re-read the last part of the thread if you want to get the full picture first.


@ all: which currency pairs do you trade this method with? All the 7 major ones?
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  • #10,986
  • May 26, 2009 10:23pm May 26, 2009 10:23pm
Yes, it's 6 out of a possible 10, which include the Ichimoku lights.

Quoting flyingnutjob
Thanks for all the speedy replies, especially from Cobra himself. I think I figured out that PFGBest.com MT4 is setup correctly for time frames, as todays THV Pivots start at oo:oo GMT on the chart, so it looks right.

to Personalme: "About the Coral, since we use version 3, it was not used anymore I guess" I AM using the Coral, since it is still in the instructions on how to use THV V3. I want to learn it as it was presented before I modify it. so until I hear otherwise, I'm going to follow the rules and see how it plays out in my demo.

I...
  • #10,987
  • May 26, 2009 10:27pm May 26, 2009 10:27pm
Hi Cencored,

One thing you want to be careful about in your assumptions, is that in the chart below, unless your computer and mt4 were on with no interruptions during that 24 hours, the results you see may not be valid. This is because if you add the indicator 'after the fact' the results you see on a lower tf for what happened on the higher tfs do not reflect what happened in real-time. The reason for this has been explained in previous posts.

Quoting Cencored
I have attached a chart and hope it becomes more clear.
3 out of 4 lights need to be the same color of H1f,s;H4f,s as well as H4 and H1 both have to be same color.
Until MA's cross to the other side, I only take trades into the direction of the Ma's.
As you can see there were 4 valid signals (marked with arrow and 4 vertical lines) the 3rd signal was not valid, as it was against the trend (ergo no vertical line). However it still delivered 45 pips.

Price must close on other side of the cloud and can not close in no-mans-land - no valid signal...
  • #10,988
  • May 26, 2009 10:33pm May 26, 2009 10:33pm
I think this person is a spammer because two commercial websites are promoted in the signature section; I've notified moderators about this.

BTW......anyone who asks this question must be living in a vacuum (or not reading ANY of the thread!)

Quoting Eva
Could I use this systems for EURUSD?

Thanks
  • #10,989
  • May 26, 2009 11:04pm May 26, 2009 11:04pm
Greetings:

Here was a nice trade that is still going based on a trix tl break (atleast that is how I entered)...

Considerations:

1.) Trix trendline break
2.) PA trendline break
2.) 6 MTF Lights

Attached Image (click to enlarge)
Click to Enlarge Name: thv mtf 1008.gif Size: 32 KB


Even if the 5 min entry was missed the 1 min gave a clear signal shortly afterwards:


Attached Image (click to enlarge)
Click to Enlarge Name: thv mtf 1009.gif Size: 33 KB


1.) Divergence at rejection of Coral
2.) Break of FPV
3.) Trix Cross
Deprive a man of everything and you give him nothing to lose.
  • #10,990
  • May 26, 2009 11:10pm May 26, 2009 11:10pm
Quoting MissPips
Hi Cencored,

One thing you want to be careful about in your assumptions, is that in the chart below, unless your computer and mt4 were on with no interruptions during that 24 hours, the results you see may not be valid. This is because if you add the indicator 'after the fact' the results you see on a lower tf for what happened on the higher tfs do not reflect what happened in real-time. The reason for this has been explained in previous posts.
Oh I see, thank you MissPips, I did not realize that.
I guess that has to do with indicator repainting?
So it is not possible to backtest the system at all?
Thanks
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  • #10,991
  • May 26, 2009 11:17pm May 26, 2009 11:17pm
Quoting cashmeer
Greetings:

Here was a nice trade that is still going based on a trix tl break (atleast that is how I entered)...

Considerations:

1.) Trix trendline break
2.) PA trendline break
2.) 6 MTF Lights

Attachment

Even if the 5 min entry was missed the 1 min gave a clear signal shortly afterwards:


Attachment

1.) Divergence at rejection of Coral
2.) Break of FPV
3.) Trix Cross
Very well spotted cashmeer, great signal! Thanks for sharing.
Trading Makes Money!
  • #10,992
  • May 26, 2009 11:25pm May 26, 2009 11:25pm
It doesn't actually 'repaint' if you leave it running. If you are looking at the 15 tf from a 1m chart, it will show you minute by minute what happened with the 15 m trix. Let's say that during that 15m period the 15 m trix was red for 5 bars, green for 5 bars and then red for 5 bars. At the end of the 15 minutes the trix closed red, so on the 15m chart there is a red bar and on the 1m chart there are 5 red, 5 green and 5 red. These bars on the 1m chart don't repaint. But if you now add another instance of the indicator on the 1 m chart as a new 15 m period is starting all the 15 bars representing the previous 15m period will be red, because 'after the fact' all the indicator on the 1m chart knows is that that 15 bar closed red. So it paints all the bars for that 15m on the 1m chart red. There is no way it can know, if it is added after the fact, what actually happend in real time.

Therefore you can't use it for backtesting.

Quoting Cencored
Oh I see, thank you MissPips, I did not realize that.
I guess that has to do with indicator repainting?
So it is not possible to backtest the system at all?
Thanks
  • #10,993
  • May 26, 2009 11:36pm May 26, 2009 11:36pm
Hi, in THV v3, sometime I will see a black vertical double lin across the main chart window, anyone know what does represent? Thank you.
  • #10,994
  • Edited May 27, 2009 1:58am May 26, 2009 11:38pm | Edited May 27, 2009 1:58am
Hi FF,,

I thank Cobra and the THV Team and FF for this great forum and which i was reading for long time.



Today it seems that we are facing a strong support near the lower TL and PP, therefore i will go short only below the Lower TL and long if it bounce form it,,

thank you once again.
Attached Image (click to enlarge)
Click to Enlarge Name: today.gif Size: 10 KB
  • #10,995
  • May 27, 2009 12:11am May 27, 2009 12:11am
Quoting amberfm
Today it seems that we are facing a strong support near the lower TL and PP, therefore i will go short only below the Lower TL and long if it bounce form it
Amberfm, welcome. You may want to use "Attachments" button rather than use Tinypic to attach an image. With this way people can enlarge your pic for clearer view.

When you edit a post and want to add image, please use "go advanced" button to find Attachments button.
Manage your risk accordingly and you're half done your home work.
  • #10,996
  • May 27, 2009 2:23am May 27, 2009 2:23am
Quoting Cencored
Thanks a lot Ed, that was helpful yes.
I was just wondering: If you trade a larger timeframe, and thus do not really care about smaller price fluctuations on the smaller TFs, why bother looking at them? I for myself always trade in the direction of the larger TF's and thus to me it is more important to look at H1f,s and H4f,s and then enter on the 30m when f and s are both green/red and H1f,s plus H4f are green/red for long/short.
I do not worry too much about H4s being the opposite color.
I only trade in the direction of the two EMA's (so I guess...
Makes a lot of sense. Happy pippin'.
Up or down, gimme a ticket
  • #10,997
  • May 27, 2009 2:24am May 27, 2009 2:24am
Quoting BeachBum
When trading the M15 or even M30, looking at smaller TF's is IMO a way of fine-tuning the entry point. But in reality we want to trade the signals given by the primary TF; that is the TF we are looking at for the entry signal. We look "up" a TF or two because we want to ride a wave (or trend cycle) that agrees with the TF we are primarily trading. In essence we are trading "pullbacks" or "retracements" that can be seen in the higher TF. Alternately, we enter a trade at the beginning of a trend change that has started on a lower TF and will...
I couldn't have said it better. Thanks BB.
Up or down, gimme a ticket
  • #10,998
  • May 27, 2009 2:40am May 27, 2009 2:40am
hi,,

sorry personalme,
it seems the pic is too small,,


Quoting personalme
Amberfm, welcome. You may want to use "Attachments" button rather than use Tinypic to attach an image. With this way people can enlarge your pic for clearer view.

When you edit a post and want to add image, please use "go advanced" button to find Attachments button.
  • #10,999
  • May 27, 2009 4:35am May 27, 2009 4:35am
hi at all.. i trade thv for many months...
i would like to see your exit signals...
i think that on 5' and 1m exit on trix change color is too late... what do you use? a take profit?

thx to all...
  • #11,000
  • May 27, 2009 4:48am May 27, 2009 4:48am
Hi.
How can I change color in graphs and so? I try change color but when I change periodicity it always turn back (original settings) Please help.
Thanx for answere.
DTS
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