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THV system, final edition

  • #11,061
  • May 29, 2009 10:42am May 29, 2009 10:42am
Quoting mafxtrade
I have some questions regarding THV3 SDX-TzPivots_v4 . My broker is FXPRO GMT+2. If i trade during US session the setting for pivot is 2,2 rite ?
Hi mafxtrade. Welcome to THV Thread . Glad to hear you try to read the entire thread.

My broker is GMT -4 and I use LocalHrsServerTzFromGMT as 0 and Destination__HrsServerTzFromGMT as 8. I do not know the math why it has to be 0 and 8. The only thing I do is I pick chart from other senior traders here such Cobra, TAH or any other and just change the variable until I see my pivot is exactly the same as theirs. After I finish my setting, I save it to the template.

However if my math does not wrong (i'm bad on math, lol). Your variable must be 0,2 or 0,14. HTH.
Manage your risk accordingly and you're half done your home work.
  • #11,062
  • May 29, 2009 11:26am May 29, 2009 11:26am
Your Andrew's Lines is as good as it can get.

Quoting personalme

And my long term 1h chart (hope Jeff won't get angry if I draw wrong Andrew Line )
Attachment
~*~You are only one trade away from humility~*~
  • #11,063
  • May 29, 2009 4:31pm May 29, 2009 4:31pm
Quoting personalme
Well, technically speaking, it is on ranging period (MR1 to R1). If we compare the EU and UJ we can decipher why EJ do that. With current sentiment that the recession is easing soon (though i don't believe that ), .........
Hi, sorry the question is not about THV,
how did u get ur MT display M3 chart?????

thanks a lot, still studying the system....

Alejandro
Searching for inside balance.
  • #11,064
  • May 29, 2009 5:09pm May 29, 2009 5:09pm
Another general question I have (sorry for that):
It is easy to spot all conditions for entry. However when do you exit trades?
I am trading the M30, so I am looking for usually about 30-40 pips and then exit. Scaling out is always an alternative, however how do you determine the end of a trend? Maybe via the HA candle pattern (i.e. a doji HA candle)?
Or do you draw fib lines on your analysis chart and exit when price hits it?

Probably there are many perspectives. I would love to hear some of them.
Thank you guys. I traded very successfully with this system on Friday, as long as you do not miss the entry (got burned a few times after entering to late in the trend and then getting stopped out).

Don't be greedy, is key
Trading Makes Money!
  • #11,065
  • May 30, 2009 12:55am May 30, 2009 12:55am
Quoting Flamenkito
Hi, sorry the question is not about THV,
how did u get ur MT display M3 chart?????

thanks a lot, still studying the system....

Alejandro
Hi Alejandro. On your MT4 Navigator window, there's a script named "period converter". Apply it on your chart and don't forget to thick the "allow dll import" on the script option. On the Input tab, you can choose the value. Example, if you put the script on the 1m EURUSD chart and you put the value 3, you can view the 3m EURUSD chart now (1m x 3 = 3m).

After finish the setup script, go to File>Open Offline>EURUSD 3m. Now you can display the m3 chart.

This topic has been discussed before on this thread. Just dig deeper, some one also has posted an indicator about this converter for easier use.
Manage your risk accordingly and you're half done your home work.
  • #11,066
  • May 30, 2009 9:31am May 30, 2009 9:31am
Quoting personalme
Hi Alejandro. On your MT4 Navigator window, there's a script named "period converter". Apply it on your chart and don't forget to thick the "allow dll import" on the script option. On the Input tab, you can choose the value. Example, if you put the script on the 1m EURUSD chart and you put the value 3, you can view the 3m EURUSD chart now (1m x 3 = 3m).

After finish the setup script, go to File>Open Offline>EURUSD 3m. Now you can display the m3 chart.

This topic has been discussed before on this thread. Just dig deeper, some one also has posted...
thanks a lot personalme,
i'm reading thread from the beginning, it is just too much info and english is not my language, so it is going quite slow.
Searching for inside balance.
  • #11,067
  • May 30, 2009 10:21am May 30, 2009 10:21am
Anyone also trade with the EA for THV?

Regards
{Promotion Removed}
  • #11,068
  • May 30, 2009 10:48pm May 30, 2009 10:48pm
Yes
Quoting Yahoomt4
Anyone also trade with the EA for THV?

Regards
  • #11,069
  • May 31, 2009 11:52pm May 31, 2009 11:52pm
Point of clarification...... I believe I read somewhere along the posts (by Miss Pips?) that using the coral was optional and more useful when first starting out trading using THV..but not necessary once you feel comfortable with the system. Is that statement accurate? I'm using the 5MTF on EU,AJ and AU with the histo lights as signals. I'm keeping my TP at 10 and SL at 15..so my question is for scalps. If I'm going against the coral then I'm playing re-trace's for 10 pips which should be more than a reasonable goal on any particular trade IMHO.

Am I off here or does that sound reasonable based on experience and recommendations posted? Of course I'm watching major psych levels, S/R, pivots, etc. too.

Thanks in advance for the feedback and many pips to all this week!
Pipnosis "Mistakes are the portal of discovery." - James Joyce
  • #11,070
  • Jun 1, 2009 1:59am Jun 1, 2009 1:59am
Twarn't me that said that! I may have said that I think that some of the advanced traders don't use it for scalping on the 1 m chart. But I believe in using it except for divergence trades. If you use it for divergence trades you may get in too late because those are by definition against the trend and may not go farther than 10 pips. The Coral is supposed to keep you with the trend so by the time a divergence trade has crossed the Coral it may have run out of steam already unless it the one where the trend actually changed.

Quoting Pipnosis
Point of clarification...... I believe I read somewhere along the posts (by Miss Pips?) that using the coral was optional and more useful when first starting out trading using THV..but not necessary once you feel comfortable with the system. Is that statement accurate? I'm using the 5MTF on EU,AJ and AU with the histo lights as signals. I'm keeping my TP at 10 and SL at 15..so my question is for scalps. If I'm going against the coral then I'm playing re-trace's for 10 pips which should be more than a reasonable goal on any particular trade IMHO....
  • #11,071
  • Jun 1, 2009 2:37am Jun 1, 2009 2:37am
My Monday trade 15/60m 80+ pips evryone should try this setup.
Attached Image (click to enlarge)
Click to Enlarge Name: 1-6.gif Size: 64 KB
  • #11,072
  • Jun 1, 2009 2:50am Jun 1, 2009 2:50am
Quoting MissPips
Twarn't me that said that! I may have said that I think that some of the advanced traders don't use it for scalping on the 1 m chart. But I believe in using it except for divergence trades. If you use it for divergence trades you may get in too late because those are by definition against the trend and may not go farther than 10 pips. The Coral is supposed to keep you with the trend so by the time a divergence trade has crossed the Coral it may have run out of steam already unless it the one where the trend actually changed.
Fair enough! Sorry about the mis-attribution. There are so many posts I thought I'd ask the question to clarify..thanks for the feedback. So with the exception of divergence trades, go with the Coral...got it!
Pipnosis "Mistakes are the portal of discovery." - James Joyce
  • #11,073
  • Jun 1, 2009 3:07am Jun 1, 2009 3:07am
good morning (every day with thv is a good day )
however i have a request for cave.. can u add in cave manager a SL like that one on thv ea that stop your long position when the price goes under the last minimum?

oh and also the option no loss after pips, i would like to have also a voice called 'lock pips'

thx cave.. wonderful ea
  • #11,074
  • Jun 1, 2009 4:08am Jun 1, 2009 4:08am
hey poki...if it is possible can u send the template and the indicators for the system that u are using ? thanks..
  • #11,075
  • Jun 1, 2009 5:51am Jun 1, 2009 5:51am
Quoting crisis
hey poki...if it is possible can u send the template and the indicators for the system that u are using ? thanks..
You will find the indi's in this thread.
Entry rules:
At 6.00 GMT place a horizontal line on chart, long trades only taken above and short trades below this level.
Next look at 1hr chart, I take the trend as long only when the price is above hull & cloud, the HA candles are green, the trend indi is green. The Trix is a little tricky, if both lines are above zero line I will take a trade on fast trix colour change, if both are below zero I prefer both lines to have changed colour.
I prefer 15m trix cross for entry but 5m works too if the 15m had crossed a little earlier. Make sure you have at least top 3 lights on MTF Trix plus the 2 lights on MTF cloud the right colour, if they don't line up stay out.
For short trades do the opposite.
My preference is to set stop loss below previous HA candle and move with each candle, close half of trade after 15-20 pips and set to BE after 30 pips , there will be losers but this will keep them small.
Attached File(s)
File Type: tpl thv15m.tpl   58 KB | 717 downloads
File Type: tpl thv 60m.tpl   35 KB | 650 downloads
  • #11,076
  • Jun 1, 2009 7:20am Jun 1, 2009 7:20am
This was a good trade, although for a few mins in the beginning I was not sure if it was gonna make it...


Trade based on:

1.) Divergence
2.) TRIX TL Break
3.) Likelihood of a retest of 1.42000
Attached Image(s) (click to enlarge)
Click to Enlarge Name: thv mtf 1010.jpg Size: 157 KB
Click to Enlarge Name: thv mtf 1011.gif Size: 34 KB
Deprive a man of everything and you give him nothing to lose.
  • #11,077
  • Jun 1, 2009 7:34am Jun 1, 2009 7:34am
Hi B:

be careful, 1-min andrew's line is down sloping and is in control; the turnaround to the downside you see on the 1-min was where it hit the down sloping upper median line. Take care


Edit: chart....short term shorts are in control until this gets nullified.

Jeff

Quoting cashmeer
This was a good trade, although for a few mins in the beginning I was not sure if it was gonna make it...


Trade based on:

1.) Divergence
2.) TRIX TL Break
3.) Likelihood of a retest of 1.42000
Attached Image (click to enlarge)
Click to Enlarge Name: Eur THV 06012009(i).gif Size: 52 KB
~*~You are only one trade away from humility~*~
  • #11,078
  • Jun 1, 2009 7:42am Jun 1, 2009 7:42am
Quoting jharteam
Hi B:

be careful, 1-min andrew's line is down sloping and is in control; the turnaround to the downside you see on the 1-min was where it hit the down sloping upper median line. Take care


Edit: chart....short term shorts are in control until this gets nullified.

Jeff
Muchas Gracias Jeff:

Could you post a chart with the andrews line on it so that I can get a look at where the points were plotted? Only if you get a chance....

thanks again.

Gotta run...

WOA!!

You must be a mind reader !
Deprive a man of everything and you give him nothing to lose.
  • #11,079
  • Jun 1, 2009 7:43am Jun 1, 2009 7:43am
posted already, B sorry...


Quoting cashmeer
Muchas Gracias Jeff:

Could you post a chart with the andrews line on it so that I can get a look at where the points were plotted? Only if you get a chance....

thanks again.

Gotta run...
~*~You are only one trade away from humility~*~
  • #11,080
  • Jun 1, 2009 7:57am Jun 1, 2009 7:57am
There are people longing here, according to the Up Sloping 1-min Blue Andrew's Lines. Longs and Shorts are in struggles now....
Attached Image (click to enlarge)
Click to Enlarge Name: Eur THV 06012009(ii).gif Size: 57 KB
~*~You are only one trade away from humility~*~
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